Form990
Click to see attachment
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 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
A For the 2019 calendar year, or tax year beginning 06-01-2017 , and ending 05-31-2018
BCheck if applicable:
CName of organization
VILLANOVA UNIVERSITY
 
% NEIL J HORGAN VP FOR FINANCE
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
800 LANCASTER AVENUE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VILLANOVA, PA190851676
D Employer identification number

23-1352688
E Telephone number

G Gross receipts $ 947,992,632
F Name and address of principal officer:
PETER DONOHUE OSA
800 LANCASTER AVENUE
VILLANOVA,PA190851676
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.villanova.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 MediumBullet0928
K Form of organization:  
L Year of formation: 1848
M State of legal domicile: PA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: See Attachment 1
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 31
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 31
5 Total number of individuals employed in calendar year 2019 (Part V, line 2a) ...... 5 6,408
6 Total number of volunteers (estimate if necessary) ............. 6 15,693
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 5,356,910
b Net unrelated business taxable income from Form 990-T, line 39 ......... 7b -644,905
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 100,842,332 98,110,288
9 Program service revenue (Part VIII, line 2g) ......... 480,925,983 507,001,864
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 18,829,874 39,616,260
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 19,490,688 24,203,988
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 620,088,877 668,932,400
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 135,500,260 149,439,079
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 256,388,857 271,238,941
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 522,132 556,993
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet14,593,714    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 124,971,249 135,844,179
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 517,382,498 557,079,192
19 Revenue less expenses. Subtract line 18 from line 12....... 102,706,379 111,853,208
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 1,560,930,019 1,713,508,143
21 Total liabilities (Part X, line 26)............. 411,172,198 409,236,871
22 Net assets or fund balances. Subtract line 21 from line 20..... 1,149,757,821 1,304,271,272
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
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Type or print name and title
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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 (2019)
Form 990 (2019)
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: VILLANOVA UNIVERSITY IS A CATHOLIC AUGUSTINIAN COMMUNITY OF HIGHER EDUCATION, COMMITTED TO EXCELLENCE AND DISTINCTION IN THE DISCOVERY, DISSEMINATION AND APPLICATION OF KNOWLEDGE. INSPIRED BY THE LIFE AND TEACHING OF JESUS CHRIST, THE UNIVERSITY IS GROUNDED IN THE WISDOM OF THE CATHOLIC INTELLECTUAL TRADITION AND ADVANCES A DEEPER UNDERSTANDING OF THE RELATIONSHIP BETWEEN FAITH AND REASON. VILLANOVA EMPHASIZES AND CELEBRATES THE LIBERAL ARTS AND SCIENCES AS FOUNDATIONAL TO ALL ACADEMIC PROGRAMS. THE UNIVERSITY COMMUNITY WELCOMES AND RESPECTS MEMBERS OF ALL FAITHS WHO SEEK TO NURTURE A CONCERN FOR THE COMMON GOOD AND WHO SHARE AN ENTHUSIASM FOR THE CHALLENGE OF RESPONSIBLE AND PRODUCTIVE CITIZENSHIP IN ORDER TO BUILD A JUST AND PEACEFUL WORLD.
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 $ 162,448,171 including grants of $ 0 ) (Revenue $ 426,521,659 )
INSTRUCTION: IN THE FALL SEMESTER OF 2018, THE UNIVERSITY HAD ENROLLED 6,654 FULL-TIME EQUIVALENT UNDERGRADUATE STUDENTS AND 3,420 FULL-TIME EQUIVALENT GRADUATE STUDENTS IN A VARIETY OF PROGRAMTS. STUDENTS AND 3,420 FULL-TIME EQUIVALENT GRADUATE STUDENTS IN A VARIETY OF PROGRAMTS.
4b (Code:   ) (Expenses $ 133,454,108 including grants of $ 133,454,108 ) (Revenue $ 0 )
SCHOLARSHIP AND FELLOWSHIPS: A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE IS PROVIDED TO ENABLE QUALIFIED STUDENTS TO STUDY AT THE UNIVERSITY. A TOTAL OF 4,658 STUDENTS RECEIVED FINANCIAL ASSISTANCE FROM THE UNIVERSITY DURING FISCAL YEAR 2018. ASSISTANCE IS PROVIDED TO ENABLE QUALIFIED STUDENTS TO STUDY AT THE UNIVERSITY. A TOTAL OF 4,658 STUDENTS RECEIVED FINANCIAL ASSISTANCE FROM THE UNIVERSITY DURING FISCAL YEAR 2018.
4c (Code:   ) (Expenses $ 69,205,629 including grants of $ 8,202,987 ) (Revenue $ 22,015,047 )
STUDENT SERVICES: A NUMBER OF OFFICES EXIST TO PROVIDE SERVICES TO STUDENTS, BOTH FOR ACADEMIC AND PERSONAL NEEDS. THESE OFFICES INCLUDE, AMONG OTHERS, ATHLETICS, THE ADMISSIONS OFFICE, THE REGISTRAR'S OFFICE, CAREER SERVICES, STUDENT ACTIVITIES, AND CAMPUS MINISTRY. NEEDS. THESE OFFICES INCLUDE, AMONG OTHERS, ATHLETICS, THE ADMISSIONS OFFICE, THE REGISTRAR'S OFFICE, CAREER SERVICES, STUDENT ACTIVITIES, AND CAMPUS MINISTRY.
(Code:   ) (Expenses $ 160,856,103 including grants of $ 7,781,984 ) (Revenue $ 77,826,452 )
OTHER PROGRAM SERVICES
4d Other program services (Describe in Schedule O.)
(Expenses $ 160,856,103 including grants of $ 7,781,984 ) (Revenue $ 77,826,452 )
4e Total program service expensesMediumBullet525,964,011
Form 990 (2019)
Form 990 (2019)
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)? Click to see attachment...
2
Yes
 
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 IClick to see attachment.............
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
 
 
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
 
No
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 IIClick to see attachment....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick 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
 
No
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 V......
10
 
 
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 VIIIClick to see attachment.......
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
 
No
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 XClick to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment......................
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............ Click to see attachment
18
Yes
 
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...................Click to see attachment
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
 
 
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
 
Form 990 (2019)
Form 990 (2019)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
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 .... Click to see attachment
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.......................Click to see attachment
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment.........................
27
 
No
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, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
28b
Yes
 
c
A 35% controlled entity of one or more individuals and/or organizations described in lines 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
 
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
 
No
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 VIClick to see attachment
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
 
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
634
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
 
Form 990 (2019)
Form 990 (2019)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
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
6,408
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
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
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
1
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
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
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
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see instructions and file Form 4720, Schedule N.
15
 
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
 
Form 990 (2019)
Form 990 (2019)
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
31
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
31
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
Yes
 
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
 
No
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
AK , AZ , CO , KY , ME , MD , MA , MI , NH , NY , OH , OK , OR , PA , VA , WA
18
Section 6104 requires an organization to make its Form 1023 (or 1024-A 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:
MediumBulletNEIL J HORGAN VP FOR FINANCE800 LANCASTER AVE   VILLANOVA,PA19085 (610) 519-4535
Form 990 (2019)
Form 990 (2019)
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.

See instructions for the order in which to list the persons above.
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) REV PETER M DONOHUE OSA......................................................................
PRESIDENT/TRUSTEE
 35.0
.................
0.0 		X   X       0 0 0
(2) MR RICHARD P BRENNAN......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(3) MR JOSEPH P CAMPOLO......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(4) VR MICHAEL F DIGREGORIO OSA......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(5) NANCE K DICCIANI PHD......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(6) MR DANIEL M DILELLA......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(7) REV FRANCIS J DOYLE OSA......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(8) MS CAROLYN N EVERSON......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(9) MR PETER L FONG......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(10) DARRYL J FORD PHD......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(11) D DOUGLAS GASTON IV ESQ......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(12) MR JUSTIN G GMELICH......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(13) REV PETER G GORI OSA JCD......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(14) REV JAMES HALSTEAD OSA PHD STD......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(15) REV FRANCIS J HORN OSA JCD......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(16) HELEN M HORSTMANN MD......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
(17) KERRY O KITTLES......................................................................
TRUSTEE AS REQUIRED
 1.0
.................
0.0 		X           0 0 0
Form 990 (2019)
Form 990 (2019)
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) MS SHEILA F KLEHM........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(19) MR MICHAEL R KOUREY........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(20) MR THOMAS KLEIN........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(21) MR RICHARD J KREIDER........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(22) MR PATRICK G LEPORE........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(23) MS NNENNA J LYNCH........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(24) MS ELIZABETH T MAZZEO........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(25) MR ROBERT J MCCARTHY........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(26) MR PATRICK M MCMAHON........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(27) REV KEVIN C MULLINS OSA........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(28) MR THOMAS M MULROY........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(29) REV JOSEPH L NAROG OSA........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(30) MARY D NAYLOR PHD RN........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(31) MR JAMES V O'DONNELL........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(32) MR THOMAS M QUINDLEN........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(33) VR BERNARD C SCIANNA OSA PHD........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(34) MR JOSEPH V TOPPER JR........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(35) THOMAS A WAGNER III........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(36) MS SUSAN M WARD........................................................................
TRUSTEE AS REQUIRED
 1.0
.......................0.0 		X           0 0 0
(37) MS ANN DIEBOLD........................................................................
VP UNIVERSITY COMMUNICATION
 35.0
.......................0.0 		    X       280,657 0 33,263
(38) MS DEBRA FICKLER ESQ........................................................................
VP AND GENERAL COUNSEL
 35.0
.......................1.0 		    X       391,471 0 86,257
(39) MR STEPHEN W FUGALE........................................................................
VP FOR TECHNOLOGY AND CIO
 35.0
.......................0.0 		    X       324,751 0 114,433
(40) MR NEIL J HORGAN........................................................................
VP FOR FINANCE
 35.0
.......................0.0 		    X       268,629 0 40,630
(41) PATRICK G MAGGITTI PHD........................................................................
PROVOST
 35.0
.......................0.0 		    X       634,989 0 161,246
(42) MR ROBERT H MORRO........................................................................
VP FACILITIES MANAGEMENT
 35.0
.......................1.0 		    X       265,464 0 70,857
(43) MR MICHAEL J O'NEILL........................................................................
SR VP ADVANCEMENT/ALUMNI RLTNS
 35.0
.......................0.0 		    X       702,487 0 356,780
(44) REV JOHN P STACK OSA........................................................................
VP STUDENT LIFE
 35.0
.......................0.0 		    X       0 0 0
(45) MR KENNETH G VALOSKY........................................................................
EXECUTIVE VICE PRESIDENT
 35.0
.......................1.0 		    X       630,327 0 141,546
(46) BARBARA WALL PHD........................................................................
VP FOR MISSION AND MINISTRY
 35.0
.......................0.0 		    X       204,556 0 26,707
(47) MR ANTHONY N ALFANO........................................................................
ASSOC VP, AUXILIARY SERVICES
 35.0
.......................0.0 		      X     169,151 0 31,832
(48) GARY A GABRIELE PHD........................................................................
DEAN, ENGINEERING
 35.0
.......................0.0 		      X     293,574 0 41,408
(49) MS ELLEN KRUTZ........................................................................
ASSOC VP HR/AFFRM ACTION OFFCR
 35.0
.......................0.0 		      X     187,009 0 29,419
(50) ADELE LINDENMEYR PHD........................................................................
DEAN, COLLEGE OF LIBERAL A&S
 35.0
.......................0.0 		      X     278,635 0 33,486
(51) MS TERESA A NANCE........................................................................
ASSOC VICE PROV DVSTY/INCLSN
 35.0
.......................0.0 		      X     162,931 0 25,674
(52) JOYCE E RUSSELL........................................................................
DEAN, SCHOOL OF BUSINESS
 35.0
.......................0.0 		      X     398,404 0 22,554
(53) MR LEON J WASHINGTON........................................................................
DEAN, ENROLLMENT MANAGEMENT
 35.0
.......................0.0 		      X     313,722 0 22,279
(54) CRAIG M WHEELAND PHD........................................................................
VICE PROVOST FOR ACADEMICS
 35.0
.......................0.0 		      X     217,421 0 98,806
(55) MARK C ALEXANDER JD........................................................................
DEAN, SCHOOL OF LAW
 35.0
.......................0.0 		        X   371,011 0 36,905
(56) JONATHAN P DOH PHD........................................................................
PROFESSOR
 35.0
.......................0.0 		        X   407,427 0 27,000
(57) MR MARK W JACKSON........................................................................
DIRECTOR OF ATHLETICS
 35.0
.......................0.0 		        X   441,149 0 34,917
(58) MR ANDREW J TALLEY........................................................................
HEAD FOOTBALL COACH EMERITUS
 35.0
.......................0.0 		        X   359,663 0 39,810
(59) MR JEROLD T WRIGHT........................................................................
MEN'S BASKETBALL HEAD COACH
 35.0
.......................0.0 		        X   4,369,349 0 40,955
(60) MS CATHERINE H CONNOR........................................................................
VICE DEAN ENROLLMENT MGMT
 35.0
.......................0.0 		          X 199,846 0 23,578
(61) ALFONSO ORTEGA PHD........................................................................
PROFESSOR
 35.0
.......................0.0 		          X 134,904 0 22,364
(62) DANIEL WRIGHT PHD........................................................................
ASSOCIATE PROFESSOR
 35.0
.......................0.0 		          X 401,022 0 40,677
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 12,408,549 0 1,603,383
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 MediumBullet476
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
 
No
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
TORCON INC,
1 CRESCENT DRIVE 302
PHILADELPHIA,PA19112 		CONTRACTOR 61,276,873
HUNTER ROBERTS CONSTRUCTION GROUP,
1717 ARCH STREET SUITE 3410
PHILADELPHIA,PA19103 		CONTRACTOR 30,582,074
NCS PEARSON,
5601 GREEN VALLEY DRIVE
BLOOMINGTON,MN55437 		ASSESSMENT SOLUTIONS 3,771,679
eBUILD CONSTRUCTION MANAGERS,
180 GORDON DR SUITE 101
EXTON,PA19341 		CONTRACTOR 3,634,526
WEST CHESTER MECHANICAL,
20 MCDONALD BLVD 3
ASTON,PA19014 		CONTRACTOR 3,300,145
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet55
Form 990 (2019)
Form 990 (2019)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c 385,544
d Related organizations1d  
e Government grants (contributions)1e 6,443,789
f All other contributions, gifts, grants, and similar amounts not included above1f 91,280,955
g Noncash contributions included in lines 1a - 1f:$ 1g 21,809,867
h Total. Add lines 1a-1f.......MediumBullet 98,110,288
Program Service RevenueAmt Business Code
2a TUITION & FEES 611310 433,729,801 433,729,801 0 0
b SALES & SERVICES, AUXILIARY ENTERPRISES 721000 73,272,063 69,802,602 3,469,461 0
c
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f .....MediumBullet 507,001,864
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 10,403,046 0 978,995 9,424,051
4 Income from investment of tax-exempt bond proceedsMediumBullet 0      
5 Royalties...........MediumBullet 0      
(ii) Personal (i) Real
6a Gross rents   464,779 6a
b Less: rental expenses     6b
c Rental income or (loss) 0 464,779 6c
d Net rental income or (loss).......MediumBullet 464,779     464,779
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   307,952,562 7a
b Less: cost or other basis and sales expenses   278,739,348 7b
c Gain or (loss)   29,213,214 7c
d Net gain or (loss).........MediumBullet 29,213,214     29,213,214
8a Gross income from fundraising events (not including $ 385,544of contributions reported on line 1c). See Part IV, line 18 ....
8a 320,884
b Less: direct expenses ... 8b 320,884
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a 0
b Less: direct expenses ... 9b 0
c Net income or (loss) from gaming activities..MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances ..
10a 0
b Less: cost of goods sold .. 10b 0
c Net income or (loss) from sales of inventory..MediumBullet 0      
Business Code Miscellaneous Revenue
11a BELLE AIR YEARBOOK 541800 66,477 57,092 9,385  
b OUTSIDE USE OF ATHLETIC FACILITY 721000 38,976 0 38,976  
c ATHLETICS 541800 17,888,289 17,036,271 852,018  
d All other revenue .... 5,745,467 5,737,392 8,075  
e Total. Add lines 11a–11d ...... MediumBullet 23,739,209
12 Total revenue. See instructions.....MediumBullet 668,932,400 526,363,158 5,356,910 39,102,044
Form 990 (2019)
Form 990 (2019)
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 .... 104,185 104,185
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 133,454,108 133,454,108
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 15,880,786 15,880,786
4 Benefits paid to or for members ....... 0  
5 Compensation of current officers, directors, trustees, and key employees ........... 6,076,276 2,231,624 3,112,417 732,235
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 645,430 425,657 219,773  
7 Other salaries and wages........ 207,246,852 197,715,261 2,974,419 6,557,172
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 15,189,557 14,221,460 449,059 519,038
9 Other employee benefits ....... 28,424,030 26,382,591 840,318 1,201,121
10 Payroll taxes ........... 13,656,796 12,786,388 403,745 466,663
11 Fees for services (non-employees):        
a Management ...... 5,683,215 2,480,726 3,202,489  
b Legal ......... 368,677 62,019 306,658  
c Accounting ........... 165,278   165,278  
d Lobbying ........... 295,320 295,320    
e Professional fundraising services. See Part IV, line 17 556,993 556,993
f Investment management fees ...... 0      
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 0      
12 Advertising and promotion .... 1,907,802 1,857,944 36,213 13,645
13 Office expenses ....... 11,786,158 10,533,992 348,978 903,188
14 Information technology ...... 6,844,178 6,741,515 102,663  
15 Royalties .. 0      
16 Occupancy ........... 7,098,533 6,921,070 106,478 70,985
17 Travel ............ 16,032,564 14,907,385 227,525 897,654
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0      
19 Conferences, conventions, and meetings .... 188,181 188,181    
20 Interest ........... 6,205,064 6,049,937 93,076 62,051
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization .. 23,004,463 22,429,351 345,067 230,045
23 Insurance ... 1,882,864 373,473 1,509,391  
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 PURCHASED SERVICES 17,362,585 17,087,560 247,380 27,645
b COSTS OF GOODS SOLD 9,966,300 9,966,300    
c UNRELATED BUSINESS INCOME TAX 5,552 5,552    
d LIBRARY BOOKS & SUBSCRIPTIONS 5,341,279 5,341,279    
e All other expenses 21,706,166 17,520,347 1,830,540 2,355,279
25 Total functional expenses. Add lines 1 through 24e 557,079,192 525,964,011 16,521,467 14,593,714
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 (2019)
Form 990 (2019)
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 ........ 1,148,358 1 1,973,799
2 Savings and temporary cash investments ......... 176,708,926 2 195,572,699
3 Pledges and grants receivable, net ...... 107,704,754 3 111,595,056
4 Accounts receivable, net ............. 11,308,212 4 14,495,449
5 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
0 6 0
7 Notes and loans receivable, net ........... 10,497,268 7 10,325,529
8 Inventories for sale or use ............ 460,033 8 466,734
9 Prepaid expenses and deferred charges ...... 2,981,736 9 2,995,825
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 924,971,923
b Less: accumulated depreciation 10b 353,657,948 449,715,694 10c 571,313,975
11 Investments—publicly traded securities . 487,377,816 11 505,664,828
12 Investments—other securities. See Part IV, line 11 ..... 210,012,011 12 258,345,974
13 Investments—program-related. See Part IV, line 11 .. 580,872 13 880,978
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 102,434,339 15 39,877,297
16 Total assets. Add lines 1 through 15 (must equal line 33)... 1,560,930,019 16 1,713,508,143
Liabilities 17 Accounts payable and accrued expenses ..... 81,301,001 17 85,234,124
18 Grants payable ... 1,501,730 18 1,622,309
19 Deferred revenue ......... 19,861,383 19 28,759,860
20 Tax-exempt bond liabilities ......... 289,106,398 20 277,244,644
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 150,000 23 75,000
24 Unsecured notes and loans payable to unrelated third parties .. 0 24 0
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 19,251,686 25 16,300,934
26 Total liabilities. Add lines 17 through 25.. 411,172,198 26 409,236,871
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here MediumBullet and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions ..........   27  
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here MediumBullet and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 1,149,757,821 32 1,304,271,272
33 Total liabilities and net assets/fund balances ........ 1,560,930,019 33 1,713,508,143
Form 990 (2019)
Form 990 (2019)
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
668,932,400
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
557,079,192
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
111,853,208
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
1,149,757,821
5
Net unrealized gains (losses) on investments ...............
5
35,522,684
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
7,137,559
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
1,304,271,272
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 (2019)
Form 990 (2019)
Additional Data


Software ID:  
Software Version:  
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 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
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- 10 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) 2019

Schedule A (Form 990 or 990-EZ) 2019
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 failed 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) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 112,255,407 68,714,867 81,084,902 100,842,332 98,110,288 461,007,796
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 3 112,255,407 68,714,867 81,084,902 100,842,332 98,110,288 461,007,796
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).. 41,514,996
6 Public support. Subtract line 5 from line 4. 419,492,800
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (f) Total
7 Amounts from line 4.. 112,255,407 68,714,867 81,084,902 100,842,332 98,110,288 461,007,796
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 1,222,492 4,140,184 2,179,169 1,769,854 9,888,830 19,200,529
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 464,218 2,536 3,539 0 0 470,293
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 22,138,963 14,911,566 21,662,108 17,702,582 22,844,075 99,259,294
11 Total support. Add lines 7 through 10 579,937,912
12
12
2,308,914,407
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
72.334 %
15
15
74.094 %
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) 2019

Schedule A (Form 990 or 990-EZ) 2019
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 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) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (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) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (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) 2019

Schedule A (Form 990 or 990-EZ) 2019
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d 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 12a or 12b 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) 2019

Schedule A (Form 990 or 990-EZ) 2019
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) 2019

Schedule A (Form 990 or 990-EZ) 2019
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) 2019

Schedule A (Form 990 or 990-EZ) 2019
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 2019 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-2019 		(iii)
Distributable
Amount for 2019
1 Distributable amount for 2019 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2019:
a From 2014.......  
b From 2015.......  
c From 2016.......  
d From 2017.......  
e From 2018.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2019 distributable amount  
i Carryover from 2014 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2019 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2019 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2019, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions.		  
6 Remaining underdistributions for 2019. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions.		  
7 Excess distributions carryover to 2020. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a Excess from 2015.....  
b Excess from 2016.....  
c Excess from 2017.....  
d Excess from 2018.....  
e Excess from 2019.....  
Schedule A (Form 990 or 990-EZ) (2019)

Schedule A (Form 990 or 990-EZ) 2019
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
PART II, LINE 10 OTHER INCOME INCLUDES AMOUNTS IN THE FORM 990, PART VIII, LINES 11a-11d FOR RELATED OR EXEMPT FUNCTION REVENUE.
Schedule A (Form 990 or 990-EZ) 2019


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
Name of organization
VILLANOVA UNIVERSITY
  		Employer identification number
23-1352688
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
Page 3
Name of organization
VILLANOVA UNIVERSITY
  		Employer identification number

23-1352688
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
Page 4
Name of organization
VILLANOVA UNIVERSITY
  		Employer identification number

23-1352688
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Additional Data


Software ID:  
Software Version:  
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 BulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
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
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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 (see instructions for definition of “political campaign activities")

2
Political campaign activity expenditures (see instructions) ....................................................................SchCMd Bullet
$  
3
Volunteer hours for political campaign activities (see instructions) ..................................................................
 

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) 2019

Schedule C (Form 990 or 990-EZ) 2019
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) 2016 (b) 2017 (c) 2018 (d) 2019 (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) 2019


Schedule C (Form 990 or 990-EZ) 2019
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)
Yes|No
(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)? ........
 
No
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
 
No
 
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
Yes
 
295,320
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
 
 
 
j
Total. Add lines 1c through 1i ....................................................................................................
295,320
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
PART II-B, LINE 1G IN FY2018, VILLANOVA ENGAGED THREE FIRMS TO PROVIDE LOBBYING SERVICES. THESE SERVICES INCLUDED ADVISEMENT, REPRESENTATION AND ADVOCACY ON BEHALF OF VILLANOVA ON A FEDERAL, STATE AND LOCAL LEVEL REGARDING STRATEGIC INITIATIVES.
Schedule C (Form 990 or 990EZ) 2019


Additional Data


Software ID:  
Software Version:  

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.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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 .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
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 7/25/06, 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 FASB 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 FASB 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 $ 571,085
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $ 1,792,169
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 FASB 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) 2019

Schedule D (Form 990) 2019
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  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
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 .... 641,428,000 552,701,000 563,866,000 501,483,000 425,793,000
b Contributions ... 31,299,000 44,539,000 35,791,000 54,240,000 34,729,000
c Net investment earnings, gains, and losses 70,679,000 72,452,000 -21,342,000 30,906,000 61,304,000
d Grants or scholarships ... 7,081,788 6,165,762 5,718,795 5,012,016 4,374,878
e Other expenditures for facilities
and programs ... 		19,684,212 18,578,238 16,349,205 14,387,984 13,162,122
f Administrative expenses .... 6,048,000 4,520,000 3,546,000 3,363,000 2,806,000
g End of year balance ...... 710,592,000 640,428,000 552,701,000 563,866,000 501,483,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet42.690 %
b
Permanent endowment SchDMd Bullet57.310 %
c
Term endowment SchDMd Bullet  
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)
 
No
(ii) Related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
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 .....   27,169,917 27,169,917
b Buildings ....   675,433,935 316,009,817 359,424,118
c Leasehold improvements        
d Equipment ....   60,370,800 37,648,131 22,722,669
e Other .....   161,997,271   161,997,271
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 571,313,975
Schedule D (Form 990) 2019

Schedule D (Form 990) 2019
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) HEDGE FUNDS		 147,035,933 F

(B) DEPOSITS WITH BOND TRUSTEES		 127,964 F

(C) PRIVATE INVESTMENTS		 111,182,077 F
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 258,345,974
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
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
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
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
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 0
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 16,300,934
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) 2019

Schedule D (Form 990) 2019
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 ....... 1 571,014,296
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 35,522,684
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 1,331,991
e Add lines 2a through 2d ..................... 2e 36,854,675
3 Subtract line 2e from line 1.................. 3 534,159,621
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 134,772,779
c Add lines 4a and 4b.................... 4c 134,772,779
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 668,932,400
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 ........... 1 423,625,000
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................... 3 423,625,000
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 133,454,192
c Add lines 4a and 4b..................... 4c 133,454,192
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 557,079,192
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
PART III, LINE 4 THE ART GALLERY HOLDS OVER SIX THOUSAND PIECES OF ARTWORK IN ITS COLLECTION. SUCH ARTWORK IS COMPRISED OF PAINTINGS, SCULPTURES, DRAWINGS, ENGARAVINGS, LITHOGRAPHS, WATERCOLORS, WOODCUTS, MIXED MEDIA, TEXTILES, AND CERAMICS. THE ARTWORK IS HELD ON THE UNIVERSITY'S PREMISES AND AT AN OUTSIDE ART FACILITY. ARTWORK IN THE COLLECTION IS DISPLAYED FOR PUBLIC VIEW AT VARIOUS LOCATIONS ON THE UNIVERSITY CAMPUS. EACH YEAR, THE ART GALLERY PRESENTS A NUMBER OF EXHIBITIONS OF ART BY EMERGING ARTISTS. FOR EACH EXHIBITION THERE IS A RECEPTION FOR THE ARTIST, ALL OF WHICH IS FREE OF CHARGE, AND THE PUBLIC IS INVITED. ALSO, EACH YEAR, THE ART GALLERY HAS HELD OUTREACH PROGRAMS AT WHICH ART EDUCATION IS PROVIDED TO DISADVANTAGED INDIVIDUALS. THE PROGRAMS ARE ALSO FREE OF OF CHARGE TO THE PARTICIPANTS. PART V, LINE 1F ADMINISTRATIVE FEES REPORTED REPRESENT COMPENSATION AND EXPENSES RELATED TO THE INTERNAL INVESTMENT OFFICE AND FEES PAID TO OUR EXTERNAL INVESTMENT CONSULTANT AND OTHER THIRD PARTY SERVICE PROVIDERS. PART V, LINE 4 THE INTENDED USE OF VILLANOVA UNIVERSITY'S ENDOWMENT FUNDS IS FOR FINANCIAL AID, SUPPORT FOR FACULTY SALARIES, AS WELL AS SUPPORT FOR OTHER SPECIFIC PROGRAMS DIRECTED BY DONORS. PART XI, LINE 2D BOOK INCOME FROM ALDWYN LANE L.P. $ 1,331,991 PART XI, LINE 4B STUDENT FINANCIAL AID $ 133,454,108 TAXABLE INCOME FROM ALDWYN LANE L.P. $ 1,318,671 PART XII, LINE 4B STUDENT FINANCIAL AID $ 133,454,108 ROUNDING ADJUSTMENTS $ 84
Schedule D (Form 990) 2019


Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image Complete 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 Go to www.irs.gov/Form990EZ for the latest information.
OMB No. 1545-0047 2019Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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
Yes
 
 
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) (2019)
Schedule E (Form 990 or 990EZ) (2019)
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
PART I, LINE 3 THE POLICY IS PUBLISHED IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO EVERY STUDENT EVERY YEAR, AS WELL AS IN ALL APPLICATION MATERIALS FOR PROSPECTIVE STUDENTS. IT IS ALSO PUBLICIZED ON THE UNIVERSITY'S WEBSITE, INCLUDING THE PAGE WHICH DISCUSSES THE UNIVERSITY'S AUGUSTINIAN MISSION. PART I, LINE 6A THE UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, COLLEGE WORK STUDY PROGRAM, AND THE PERKINS AND NURSING LOAN PROGRAMS. THE STATE PROGRAM IS THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. IN ADDITION, THE UNIVERSITY IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS FEDERAL AGENCIES, INCLUDING NSF AND HHS. GENERAL SUPPORT IS PROVIDED TO THE UNIVERSITY FROM THE STATE OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE.
Schedule E (Form 990 or 990-EZ) (2019)
Additional Data


Software ID:  
Software Version:  
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 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on 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 the region (d) Activities conducted in region (by type) (such as, 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 the region		 (f) Total expenditures
for and investments
in the region
Central America and the Caribbean   10 Program Services CAMPUS MINISTRY, FA 360,652
South America   15 Program Services MINISTRY,INTL STUD,FA 370,239
North America   10 Program Services FIN AID, RESEARCH 397,678
Europe (Including Iceland and Greenland)   212 Program Services INTL STDY, FA, RESERCH 9,749,477
East Asia and the Pacific   93 Program Services INTL STUDY, FIN AID 2,807,437
Middle East and North Africa   23 Program Services INTL STUDY, FIN AID 532,287
Russia and the Newly Independent States   3 Program Services FIN AID, INTL STUDY 79,520
South Asia   38 Program Services FIN AID, INTL STUDY 860,501
Sub-Saharan Africa   22 Program Services FIN AID, INTL STUDY 703,972
Central America and the Caribbean     Investments   121,713,032
Europe (Including Iceland and Greenland)     Investments   2,587,719
North America     Investments   22,208
East Asia and the Pacific     Investments   2,100,475
Central America and the Caribbean   4 Fundraising   19,021
           
           
           
3a Sub-total ....   430 142,304,218
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)   430 142,304,218
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2019
Schedule F (Form 990) 2019
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on 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)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
South America TUITION & HOUSING 31,350 WIRE TRNSFR   N/A N/A
East Asia and the Pacific TUITION & HOUSING 184,743 ACH   N/A N/A
East Asia and the Pacific EXCURSIONS 5,810 WIRE TRNSFR   N/A N/A
East Asia and the Pacific TUITION & HOUSING 21,500 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 41,559 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 275,249 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 18,922 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION & HOUSING 174,055 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 69,838 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING & TRANSPORTATION 82,370 ACH   N/A N/A
Europe (Including Iceland and Greenland) ON-SITE PROGRAMMING 12,915 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 116,941 ACH   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 8,138 ACH   N/A N/A
Europe (Including Iceland and Greenland) TRANSPORTATION 101,722 CREDIT CARD   N/A N/A
Europe (Including Iceland and Greenland) ON-SITE PROGRAMMING 18,204 CREDIT CARD   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 8,899 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING & ON-SITE ACTIVITIES 19,000 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION & HOUSING 171,600 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING & TRANSPORTATION 6,849 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION & EXCURSIONS 59,781 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 49,020 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) HOUSING & ON-SITE ACTIVITIES 10,200 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION & EXCURSIONS 5,715 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TRANSPORTATION 10,644 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TRANSPORTATION 5,049 CREDIT CARD   N/A N/A
South America TUITION 26,850 ACH   N/A N/A
South America TUITION 23,685 ACH   N/A N/A
South America TUITION 12,458 ACH   N/A N/A
South America TUITION 51,637 ACH   N/A N/A
Middle East and North Africa TUITION 33,233 ACH   N/A N/A
Middle East and North Africa TUITION 14,340 ACH   N/A N/A
East Asia and the Pacific TUITION 18,248 WIRE TRNSFR   N/A N/A
East Asia and the Pacific TUITION 135,060 ACH   N/A N/A
East Asia and the Pacific TUITION 134,973 ACH   N/A N/A
East Asia and the Pacific TUITION 173,405 ACH   N/A N/A
East Asia and the Pacific TUITION 13,703 ACH   N/A N/A
East Asia and the Pacific TUITION 50,370 ACH   N/A N/A
East Asia and the Pacific TUITION 25,241 ACH   N/A N/A
East Asia and the Pacific TUITION 22,575 ACH   N/A N/A
East Asia and the Pacific TUITION 12,000 ACH   N/A N/A
East Asia and the Pacific HOUSING 15,650 ACH   N/A N/A
Sub-Saharan Africa TUITION 52,475 ACH   N/A N/A
Sub-Saharan Africa TUITION 38,845 ACH   N/A N/A
South Asia TUITION 15,140 ACH   N/A N/A
South Asia TUITION 184,769 ACH   N/A N/A
Russia and the Newly Independent States TUITION 8,500 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 727,658 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 620,800 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION 174,600 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 894,165 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 25,923 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 179,964 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 53,435 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 251,025 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 89,785 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 573,757 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 83,925 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 21,870 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 47,250 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 10,759 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 61,009 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 73,850 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 214,534 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION 15,983 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 11,278 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION 217,500 ACH   N/A N/A
Europe (Including Iceland and Greenland) HOUSING 104,819 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION 23,393 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TRANSPORTATION 24,863 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION 113,145 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 144,189 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION 27,205 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 38,855 ACH   N/A N/A
Europe (Including Iceland and Greenland) TUITION 14,427 ACH   N/A N/A
Europe (Including Iceland and Greenland) ON-SITE PROGRAMMING 25,721 WIRE TRNSFR   N/A N/A
Europe (Including Iceland and Greenland) TUITION & HOUSING 68,868 WIRE TRNSFR   N/A N/A
Sub-Saharan Africa FINANCIAL AID 587,242 DIRECT DEPST   N/A N/A
Europe (Including Iceland and Greenland) TRANSPORTATION & EXCURSIONS 17,375 CHECK   N/A N/A
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
 
3 Enter total number of other organizations or entities .......................MediumBullet
75
Schedule F (Form 990) 2019
Schedule F (Form 990) 2019Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on 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
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
FACULTY ADV/PER DIEM FOR PROGRAM EXP South America 2 16,905 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP East Asia and the Pacific 2 15,250 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Europe (Including Iceland and Greenland) 3 33,339 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Europe (Including Iceland and Greenland) 2 53,847 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Sub-Saharan Africa 1 25,410 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Europe (Including Iceland and Greenland) 1 7,584 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Europe (Including Iceland and Greenland) 3 50,729 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Europe (Including Iceland and Greenland) 4 68,979 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Europe (Including Iceland and Greenland) 1 6,450 DIRECT DEPST   N/A N/A
FACULTY ADV/PER DIEM FOR PROGRAM EXP Middle East and North Africa 1 34,881 DIRECT DEPST   N/A N/A
FINANCIAL AID Central America and the Caribbean 10 345,427 DIRECT DEPST   N/A N/A
FINANCIAL AID East Asia and the Pacific 90 1,971,513 DIRECT DEPST   N/A N/A
FINANCIAL AID Europe (Including Iceland and Greenland) 181 2,960,996 DIRECT DEPST   N/A N/A
FINANCIAL AID Middle East and North Africa 22 414,915 DIRECT DEPST   N/A N/A
FINANCIAL AID North America 8 386,548 DIRECT DEPST   N/A N/A
FINANCIAL AID Russia and the Newly Independent States 3 71,020 DIRECT DEPST   N/A N/A
FINANCIAL AID South America 13 199,552 DIRECT DEPST   N/A N/A
FINANCIAL AID South Asia 38 660,592 DIRECT DEPST   N/A N/A
ON-SITE INSTRUCTOR Europe (Including Iceland and Greenland) 2 41,242 ACH   N/A N/A
ON-SITE INSTRUCTOR Europe (Including Iceland and Greenland) 1 95,962 WIRE TRNSFR   N/A N/A
ON-SITE INSTRUCTOR Europe (Including Iceland and Greenland) 1 148,572 WIRE TRNSFR   N/A N/A
ON-SITE INSTRUCTOR Europe (Including Iceland and Greenland) 1 20,368 WIRE TRNSFR   N/A N/A
Schedule F (Form 990) 2019
Schedule F (Form 990) 2019
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; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
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; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2019
Schedule F (Form 990) 2019
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
PART I, LINE 2 ANY GRANTS AWARDED TO ENTITIES OUTSIDE THE UNITED STATES WOULD BE BASED UPON THE IMPLEMENTATION OF A FUNDED RESEARCH PROPOSAL IN WHICH THE FOREIGN ENTITY WOULD PLAY A SPECIFIC ROLE IN EXECUTING THE FUNDED RESEARCH PROGRAM. ALL REPORTED COSTS ARE DOCUMENTED BY RECEIPT. PART I, LINE 2 VILLANOVA UNIVERSITY STUDENTS ARE BILLED BY THE UNIVERSITY FOR THE TOTAL COST OF VU TUITION FOR EACH SEMESTER OVERSEAS. NON-TUITION COSTS SUCH AS ROOM AND BOARD ARE NOT PAID TO VILLANOVA UNIVERSITY, BUT INSTEAD PAID TO THE OVERSEAS UNIVERSITY OR PROGRAM IN WHICH THEY ENROLL. IN MANAGING THE STUDENTS ELIGIBILTY FOR FINANCIAL ASSISTANCE, THE UNIVERSITY DETERMINES ELIGIBILITY FOR NEED-BASED AID ON THE BASIS OF CURRENT FEDERAL REGULATIONS. ONCE THE STUDENT'S ELIGIBILITY FOR AID IS DETERMINED, ALL AWARDS ARE CREDITED TO THE STUDENT'S VILLANOVA BILLING RECORD. ANY DOLLARS THAT ARE AWARDED IN EXCESS OF THE STUDENT'S BILLED EXPENSES, WHICH IS THE CASE WITH STUDENTS STUDYING ABROAD, ARE REFUNDED TO THE STUDENTS SO THAT THEY CAN BE USED TO PAY FOR ALL OTHER APPROVED EDUCATIONAL EXPENSES. THESE INCLUDE TRANSPORTATION, ROOM & BOARD, LIVING EXPENSES AND BOOKS AND SUPPLIES. PART I, LINE 2 IN ADDITION TO STUDYING OVERSEAS, VILLANOVA UNIVERSITY STUDENTS ALSO PARTICIPATE IN INTERNATIONAL PUBLIC SERVICE WORK. FUNDS USED FOR THIS PURPOSE ASSIST IN SENDING STUDENTS OVERSEAS AND PAY FOR THEIR TRAVEL, FOOD AND LODGING (IF APPLICABLE) WHILE THEY ARE THERE. PART II, LINE 1 VILLANOVA STUDENTS AND FACULTY TAKE PART IN OVERSEAS EDUCATION. SALARIES ARE PAID TO THE FACULTY WHILE ABROAD. TUITION PAID TO VILLANOVA UNIVERSITY PAYS FOR STUDENTS' TUITION AND LODGING WHILE OVERSEAS.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2019
Additional Data


Software ID:  
Software Version:  



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 arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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 10 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
GRENZEBACH GLIER ASSOC
200 S MICHIGAN AVE
 
CHICAGO, IL60604 		CONSULTING/ PLANNING   No   13,673 -13,673
RUFFALO NOEL LEVITZ
1025 KIRKWOOD PKWY SW
 
CEDAR RAPIDS, IA52404 		TELEMARKET SERVICES   No 475,855 324,732 151,123
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow 475,855 338,405 137,450
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.
AL, AK, AZ, AR, CA, CO, CT, FL, GA, HI, IL, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WI
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2019
Schedule G (Form 990 or 990-EZ) 2019
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

MBB DINNER
(event type) 		(b) Event #2

GOLF OUTING
(event type) 		(c) Other events

13
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
72,000
68,085
566,343
706,428

2
Less: Contributions . . . .
37,000
43,289
305,255
385,544
3 Gross income (line 1 minus
line 2) . . . . . .
35,000
24,796
261,088
320,884



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . .        
7 Food and beverages . . . 35,000     35,000
8 Entertainment . . . .        
9 Other direct expenses . . .   24,796 261,088 285,884
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 320,884
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) 2019
Schedule G (Form 990 or 990-EZ) 2019
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 provide any additional information. See instructions.
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2019
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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 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number
23-1352688
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
noncash assistance		 (h) Purpose of grant
or assistance
(1) ANITA BORG INSTITUTE FOR WOMEN
1501 PAGE MILL ROAD
MS 1105
PALO ALTO,CA94304 		77-0480427 501(C)(3) 7,500       GENERAL SUPPORT
(2) WPY GRID ALTERNATIVES
1629 BENNING RD NE
SUITE 300
WASHINGTON,DC20002 		26-0043353 501(C)(3) 9,689       GENERAL SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
2
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2019

Schedule I (Form 990) 2019
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
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) FINANCIAL ASSISTANCE 4658 133,454,108   N/A N/A
(1)
(2)
(3)
(4)
(5)
(6)
(7)
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
Part I, Line 2 A student's eligibility for need-based financial aid is determined on the basis if their annual cost of attendance, which is calculated in accordance with Federal regulations, minus Expected Family Contribution, which is determined in accordance with Federal regulations and University standards. In the event that total aid awarded exceeds direct costs (i.e., costs that are billed by the University), the excess funds are provided to the student and are applicable to educationally-related expenses. The University does not require the student to provide proof (e.g., receipts, cancelled checks, etc.) as to how the funds were used.
Schedule I (Form 990) 2019



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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 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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 on 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
Yes
 
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 on 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
 
No
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
Yes
 
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 nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
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
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2019

Schedule J (Form 990) 2019
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
1MS ANN DIEBOLD
VP UNIVERSITY COMMUNICATION 		(i)

(ii)		 280,657
-------------
0 		0
-------------
0 		0
-------------
0 		27,000
-------------
0 		6,263
-------------
0 		313,920
-------------
0 		0
-------------
0
2MS DEBRA FICKLER ESQ
VP AND GENERAL COUNSEL 		(i)

(ii)		 341,271
-------------
0 		0
-------------
0 		50,200
-------------
0 		27,000
-------------
0 		59,257
-------------
0 		477,728
-------------
0 		0
-------------
0
3MR STEPHEN W FUGALE
VP FOR TECHNOLOGY AND CIO 		(i)

(ii)		 324,751
-------------
0 		0
-------------
0 		0
-------------
0 		27,000
-------------
0 		87,433
-------------
0 		439,184
-------------
0 		0
-------------
0
4MR NEIL J HORGAN
VP FOR FINANCE 		(i)

(ii)		 268,629
-------------
0 		0
-------------
0 		0
-------------
0 		26,450
-------------
0 		14,180
-------------
0 		309,259
-------------
0 		0
-------------
0
5PATRICK G MAGGITTI PHD
PROVOST 		(i)

(ii)		 567,009
-------------
0 		0
-------------
0 		67,980
-------------
0 		147,291
-------------
0 		13,955
-------------
0 		796,235
-------------
0 		67,650
-------------
0
6MR ROBERT H MORRO
VP FACILITIES MANAGEMENT 		(i)

(ii)		 260,149
-------------
0 		0
-------------
0 		5,315
-------------
0 		25,178
-------------
0 		45,679
-------------
0 		336,321
-------------
0 		0
-------------
0
7MR MICHAEL J O'NEILL
SR VP ADVANCEMENT/ALUMNI RLTNS 		(i)

(ii)		 546,954
-------------
0 		150,000
-------------
0 		5,533
-------------
0 		302,950
-------------
0 		53,830
-------------
0 		1,059,267
-------------
0 		150,000
-------------
0
8MR KENNETH G VALOSKY
EXECUTIVE VICE PRESIDENT 		(i)

(ii)		 546,927
-------------
0 		0
-------------
0 		83,400
-------------
0 		127,000
-------------
0 		14,546
-------------
0 		771,873
-------------
0 		75,000
-------------
0
9BARBARA WALL PHD
VP FOR MISSION AND MINISTRY 		(i)

(ii)		 204,556
-------------
0 		0
-------------
0 		0
-------------
0 		20,594
-------------
0 		6,113
-------------
0 		231,263
-------------
0 		0
-------------
0
10MR ANTHONY N ALFANO
ASSOC VP, AUXILIARY SERVICES 		(i)

(ii)		 169,051
-------------
0 		0
-------------
0 		100
-------------
0 		17,274
-------------
0 		14,558
-------------
0 		200,983
-------------
0 		0
-------------
0
11GARY A GABRIELE PHD
DEAN, ENGINEERING 		(i)

(ii)		 293,574
-------------
0 		0
-------------
0 		0
-------------
0 		27,000
-------------
0 		14,408
-------------
0 		334,982
-------------
0 		0
-------------
0
12MS ELLEN KRUTZ
ASSOC VP HR/AFFRM ACTION OFFCR 		(i)

(ii)		 186,809
-------------
0 		0
-------------
0 		200
-------------
0 		16,774
-------------
0 		12,645
-------------
0 		216,428
-------------
0 		0
-------------
0
13ADELE LINDENMEYR PHD
DEAN, COLLEGE OF LIBERAL A&S 		(i)

(ii)		 278,635
-------------
0 		0
-------------
0 		0
-------------
0 		27,000
-------------
0 		6,486
-------------
0 		312,121
-------------
0 		0
-------------
0
14MS TERESA A NANCE
ASSOC VICE PROV DVSTY/INCLSN 		(i)

(ii)		 150,156
-------------
0 		0
-------------
0 		12,775
-------------
0 		15,704
-------------
0 		9,970
-------------
0 		188,605
-------------
0 		0
-------------
0
15JOYCE E RUSSELL
DEAN, SCHOOL OF BUSINESS 		(i)

(ii)		 397,465
-------------
0 		0
-------------
0 		939
-------------
0 		9,450
-------------
0 		13,104
-------------
0 		420,958
-------------
0 		0
-------------
0
16MR LEON J WASHINGTON
DEAN, ENROLLMENT MANAGEMENT 		(i)

(ii)		 301,722
-------------
0 		0
-------------
0 		12,000
-------------
0 		21,698
-------------
0 		581
-------------
0 		336,001
-------------
0 		0
-------------
0
17CRAIG M WHEELAND PHD
VICE PROVOST FOR ACADEMICS 		(i)

(ii)		 216,421
-------------
0 		0
-------------
0 		1,000
-------------
0 		22,530
-------------
0 		76,276
-------------
0 		316,227
-------------
0 		0
-------------
0
18MARK C ALEXANDER JD
DEAN, SCHOOL OF LAW 		(i)

(ii)		 371,011
-------------
0 		0
-------------
0 		0
-------------
0 		22,950
-------------
0 		13,955
-------------
0 		407,916
-------------
0 		0
-------------
0
19JONATHAN P DOH PHD
PROFESSOR 		(i)

(ii)		 307,427
-------------
0 		0
-------------
0 		100,000
-------------
0 		27,000
-------------
0 		0
-------------
0 		434,427
-------------
0 		0
-------------
0
20MR MARK W JACKSON
DIRECTOR OF ATHLETICS 		(i)

(ii)		 392,272
-------------
0 		0
-------------
0 		48,877
-------------
0 		20,962
-------------
0 		13,955
-------------
0 		476,066
-------------
0 		0
-------------
0
21MR ANDREW J TALLEY
HEAD FOOTBALL COACH EMERITUS 		(i)

(ii)		 260,248
-------------
0 		0
-------------
0 		99,415
-------------
0 		25,327
-------------
0 		14,483
-------------
0 		399,473
-------------
0 		0
-------------
0
22MR JEROLD T WRIGHT
MEN'S BASKETBALL HEAD COACH 		(i)

(ii)		 4,249,349
-------------
0 		120,000
-------------
0 		0
-------------
0 		27,000
-------------
0 		13,955
-------------
0 		4,410,304
-------------
0 		0
-------------
0
23MS CATHERINE H CONNOR
VICE DEAN ENROLLMENT MGMT 		(i)

(ii)		 187,846
-------------
0 		0
-------------
0 		12,000
-------------
0 		17,465
-------------
0 		6,113
-------------
0 		223,424
-------------
0 		0
-------------
0
24ALFONSO ORTEGA PHD
PROFESSOR 		(i)

(ii)		 134,904
-------------
0 		0
-------------
0 		0
-------------
0 		13,934
-------------
0 		8,430
-------------
0 		157,268
-------------
0 		0
-------------
0
25DANIEL WRIGHT PHD
ASSOCIATE PROFESSOR 		(i)

(ii)		 251,728
-------------
0 		0
-------------
0 		149,294
-------------
0 		21,197
-------------
0 		19,480
-------------
0 		441,699
-------------
0 		0
-------------
0
Schedule J (Form 990) 2019

Schedule J (Form 990) 2019
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
PART I, LINE 1A VILLANOVA UNIVERSITY PROVIDES TRAVEL FOR COMPANION, FIRST CLASS TRAVEL AND SOCIAL CLUB DUES TO CERTAIN INDIVIDUALS LISTED ON SCHEDULE J. THE SOCIAL CLUB MEMBERSHIPS ARE INTENDED FOR BUSINESS USE. FIRST CLASS TRAVEL IS REVIEWED AND REIMBURSED ACCORDING TO THE ACCOUNTABLE PLAN RULES. TRAVEL FOR COMPANIONS WAS REVIEWED FOR BUSINESS PURPOSE AND REIMBURSED UNDER THE ACCOUNTABLE PLAN RULES. PART I, LINE 5A AN OFFICER LISTED ON PART VII RECEIVED ADDITIONAL COMPENSATION CONTINGENT UPON REACHING CERTAIN FUNDRAISING GROSS REVENUE GOALS OF THE ORGANIZATIONS. PART II COMPENSATION FOR JEROLD T. WRIGHT INCLUDES PAYMENTS FOR COACHING VILLANOVA MEN'S BASKETBALL TEAM, WEEKLY RADIO APPEARANCES, AND TELEVISION APPEARANCES.
Schedule J (Form 990) 2019

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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 Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number
23-1352688
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 DELAWARE COUNTY AUTHORITY
  		23-1973437 246008LS3 01-07-2010 83,789,762 REFUNDING OF 1998 A&B, 2001, 2002   X   X   X
B DELAWARE COUNTY AUTHORITY
  		23-1973437 246008NC6 11-28-2012 24,802,318 REFUNDING OF THE 2003 SERIES   X   X   X
C DELAWARE COUNTY AUTHORITY
  		23-1973437 246008NM4 08-20-2014 61,045,730 REFUNDING OF 2005 & 2006 SERIES   X   X   X
D DELAWARE COUNTY AUTHORITY
  		23-1973437 245913LV8 10-01-2015 151,040,738 LANCASTER AVENUE PROJECT   X   X   X
DELAWARE COUNTY AUTHORITY
  		23-1973437 246008PG5 09-27-2016 56,071,278 REFUNDING OF 2010 SERIES   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 77,339,619 10,181,242 8,047,636 849,630
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 83,789,762 24,802,318 61,045,730 151,040,738
4 Gross proceeds in reserve funds ............. 0 0 0 22,592,842
5 Capitalized interest from proceeds ............. 0 0 0 11,119,572
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 786,380 336,923 258,100 324,390
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 117,003,934
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 83,003,382 24,465,395 60,787,630 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2010 2012 2014
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2018, a current refunding issue)? ........ 		               
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2018, an advance refunding issue)? ........ 		               
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    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............           X    
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2019

Schedule K (Form 990) 2019
Page 2
Part Ⅲ
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............         X      
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?         X      
c Are there any research agreements that may result in private business use of bond-financed property? .............           X    
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
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 % 0.100 % 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        
6 Total of lines 4 and 5 .............     0.100 %  
7 Does the bond issue meet the private security or payment test? ...           X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............           X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............           X    
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? ....... X           X  
b Exception to rebate? ........     X   X      
c No rebate due? .........                
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X   X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2019

Schedule K (Form 990) 2019
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
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
PART V PROCEDURE TO TAKE CORRECTIVE ACTION PURPOSE: IT IS THE UNIVERSITY'S INTENT TO COMPLY WITH ALL POST ISSUANCE COMPLIANCE REQUIREMENTS. IN THIS REGARD, THE UNIVERSITY HAS ADOPTED ONGOING TRACKING AND MONITORING PROCEDURES TO ENSURE THAT ALL TAX-EXEMPT BONDS REMAIN QUALIFIED AND ARE HELD IN COMPLIANCE WITH REGULATORY STANDARDS. SUCH MONITORING IS ALSO INTENDED TO ENSURE THAT ANY ACTUAL OR POTENTIAL VIOLATIONS OF FEDERAL TAX REQUIREMENTS CAN BE TIMELY IDENTIFIED AND CORRECTED VIA SELF-REMEDIATION OR THROUGH INTERNAL REVENUE SERVICE ("IRS") VOLUNTARY CLOSING AGREEMENT PROGRAM, IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE IRS REGULATIONS. PROCEDURE: IF AT ANY TIME, THROUGH THE APPLICATION OF POST ISSUANCE COMPLIANCE POLICIES AND PROCEDURES, THE UNIVERSITY OFFICE OF FINANCIAL AFFAIRS IDENTIFIES THAT IT HAS FAILED TO COMPLY WITH ANY TAX-EXEMPT BOND REQUIREMENTS, THEY WILL CONSULT WITH INTERNAL AND/OR EXTERNAL COUNSEL AND ADVISORS TO FIRST DETERMINE WHETHER SELF-REMEDIATION IS AVAILABLE. IF SELF REMEDIATION IS NOT AVAILABLE, THEN A VOLUNTARY CLOSING AGREEMENT WILL BE PURSUED THROUGH THE IRS.
Schedule K (Form 990) 2019

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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 Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number
23-1352688
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 DELAWARE COUNTY AUTHORITY
  		23-1973437 246008LS3 01-07-2010 83,789,762 REFUNDING OF 1998 A&B, 2001, 2002   X   X   X
B DELAWARE COUNTY AUTHORITY
  		23-1973437 246008NC6 11-28-2012 24,802,318 REFUNDING OF THE 2003 SERIES   X   X   X
C DELAWARE COUNTY AUTHORITY
  		23-1973437 246008NM4 08-20-2014 61,045,730 REFUNDING OF 2005 & 2006 SERIES   X   X   X
D DELAWARE COUNTY AUTHORITY
  		23-1973437 245913LV8 10-01-2015 151,040,738 LANCASTER AVENUE PROJECT   X   X   X
DELAWARE COUNTY AUTHORITY
  		23-1973437 246008PG5 09-27-2016 56,071,278 REFUNDING OF 2010 SERIES   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 77,339,619 10,181,242 8,047,636 849,630
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 83,789,762 24,802,318 61,045,730 151,040,738
4 Gross proceeds in reserve funds ............. 0 0 0 22,592,842
5 Capitalized interest from proceeds ............. 0 0 0 11,119,572
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 786,380 336,923 258,100 324,390
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 117,003,934
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 83,003,382 24,465,395 60,787,630 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2010 2012 2014
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2018, a current refunding issue)? ........ 		               
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2018, an advance refunding issue)? ........ 		               
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    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............           X    
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2019

Schedule K (Form 990) 2019
Page 2
Part Ⅲ
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............         X      
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?         X      
c Are there any research agreements that may result in private business use of bond-financed property? .............           X    
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
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 % 0.100 % 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        
6 Total of lines 4 and 5 .............     0.100 %  
7 Does the bond issue meet the private security or payment test? ...           X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............           X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............           X    
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? ....... X           X  
b Exception to rebate? ........     X   X      
c No rebate due? .........                
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X   X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2019

Schedule K (Form 990) 2019
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
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
PART V PROCEDURE TO TAKE CORRECTIVE ACTION PURPOSE: IT IS THE UNIVERSITY'S INTENT TO COMPLY WITH ALL POST ISSUANCE COMPLIANCE REQUIREMENTS. IN THIS REGARD, THE UNIVERSITY HAS ADOPTED ONGOING TRACKING AND MONITORING PROCEDURES TO ENSURE THAT ALL TAX-EXEMPT BONDS REMAIN QUALIFIED AND ARE HELD IN COMPLIANCE WITH REGULATORY STANDARDS. SUCH MONITORING IS ALSO INTENDED TO ENSURE THAT ANY ACTUAL OR POTENTIAL VIOLATIONS OF FEDERAL TAX REQUIREMENTS CAN BE TIMELY IDENTIFIED AND CORRECTED VIA SELF-REMEDIATION OR THROUGH INTERNAL REVENUE SERVICE ("IRS") VOLUNTARY CLOSING AGREEMENT PROGRAM, IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE IRS REGULATIONS. PROCEDURE: IF AT ANY TIME, THROUGH THE APPLICATION OF POST ISSUANCE COMPLIANCE POLICIES AND PROCEDURES, THE UNIVERSITY OFFICE OF FINANCIAL AFFAIRS IDENTIFIES THAT IT HAS FAILED TO COMPLY WITH ANY TAX-EXEMPT BOND REQUIREMENTS, THEY WILL CONSULT WITH INTERNAL AND/OR EXTERNAL COUNSEL AND ADVISORS TO FIRST DETERMINE WHETHER SELF-REMEDIATION IS AVAILABLE. IF SELF REMEDIATION IS NOT AVAILABLE, THEN A VOLUNTARY CLOSING AGREEMENT WILL BE PURSUED THROUGH THE IRS.
Schedule K (Form 990) 2019

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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.
MediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 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 the 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
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2019
Schedule L (Form 990 or 990-EZ) 2019
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) DAVID RATIGAN FAMILY OF KEY EMPLOYEE 68,665 SEE PART V   No
(2) JULIA STUDER FAMILY OF AN OFFICER 32,176 SEE PART V   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Part IV DAVID RATIGAN AND JULIA STUDER ARE EMPLOYEES OF THE UNIVERSITY AND RECEIVE COMPENSATION
Schedule L (Form 990 or 990-EZ) 2019


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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 imageGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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 11 571,085 Qual Indpndt Apprasl
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 160 21,238,782 Qual Indpndt Apprasl
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image ( )
27 Other Right pointing arrow large image ( )
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
12
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 isn't 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 nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization didn't 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) (2019)
Schedule M (Form 990) (2019)
Page 2
Part IISupplemental 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 (Form 990) (2019)

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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 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
Return Reference Explanation
FORM 990, PART I, LINE 6 THE TOTAL NUMBER OF VOLUNTEERS IS BASED UPON A REPORTED COUNT OF INDIVIDUALS (FACULTY, STAFF, STUDENTS, ALUMNI AND OTHERS) WHO HAVE ACTIVELY PARTICIPATED IN ONE OR MORE PROJECTS THROUGHOUT THE FISCAL YEAR. IN WHICH CASE, EACH OF THEIR ACTIVITIES WOULD BE COUNTED SEPARATELY IN THE TOTAL REPORTED. PART III, LINE 4D AUXILIARY ENTERPRISES EXPENSES: $ 62,327,878 GRANTS & ALLOCATIONS: $ 104,185 REVENUE: $ 75,500,177 ACADEMIC SUPPORT EXPENSES: $ 56,493,227 GRANTS & ALLOCATIONS: $ 7,597,805 REVENUE: $ 1,016,056 INSTITUTIONAL SUPPORT EXPENSES: $ 35,363,635 GRANTS & ALLOCATIONS: $ 42,050 REVENUE: $ 189,575 RESEARCH EXPENSES: $ 6,671,363 GRANTS & ALLOCATIONS: $ 37,944 REVENUE: $ 0 O&M OF PLANT EXPENSES: $ 0 GRANTS AND ALLOCATIONS: $ 0 REVENUE: $ 1,120,644 FORM 990, PART XI, LINE 9 ADJUSTMENT FOR PENSION PLAN LIABILITY: $ 4,313,317 OTHER COMPONENTS OF NET PERIODIC PENSION COST: $ 2,810,921 BOOK TAX DIFFERENCE WITH RESPECT TO PARTNERSHIP INVESTMENT $ 13,320 ROUNDING ADJUSTMENT: $ 1 FORM 990, PART VI, LINE 2 MR. THOMAS M. MULROY AND MR. ROBERT J. McCARTHY - BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 11B THE FORM 990 IS PREPARED INTERNALLY BY THE OFFICE OF FINANCIAL AFFAIRS. IT IS REVIEWED BY THE OFFICE OF THE VICE PRESIDENT AND GENERAL COUNSEL AND A NATIONALLY RECOGNIZED ACCOUNTING FIRM BEFORE THE FORM 990 IS FILED. AFTER THE PUBLIC ACCOUNTING FIRM REVIEWS THE FORM, IT IS PROVIDED TO THE STEWARDSHIP COMMITTEE OF THE BOARD OF TRUSTEES AND TO THE FULL BOARD OF TRUSTEES SHORTLY BEFORE FILING. FORM 990, PART VI, LINE 12C THE BOARD OF TRUSTEES, IN COLLABORATION WITH THE OFFICE OF THE VICE PRESIDENT AND GENERAL COUNSEL (OVPGC) REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. IN ACCORDANCE WITH THE POLICY, THE OVPGC DISTRIBUTES THE POLICY AND CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY TO TRUSTEES, OFFICERS, KEY EMPLOYEES AND ANY OTHER INTERESTED PERSONS WHO ARE INSTRUCTED TO COMPLETE AND RETURN THE FORMS AND TO UPDATE THE FORMS DURING THE YEAR, AS NECESSARY. THE OVPGC SUMMARIZES ANY POTENTIAL CONFLICTS, FOR REVIEW BY THE TRUSTEE COMMITTEE, TO ENSURE COMPLIANCE WITH THE POLICY. THE TRUSTEE COMMITTEE DISCUSSES THE DISCLOSURES AT THE MEETING WHICH INCLUDES THE COMMITTEE MEMBERS AND THE OVPGC. THE UNIVERSITY'S EXTERNAL AUDITORS ALSO REVIEW A SAMPLE OF THE DISCLOSURE FORMS AS PART OF THEIR AUDIT PROCEDURES. FORM 990, PART VI, LINE 15 THE HUMAN RESOURCES OFFICE OBTAINS COMPARABILITY DATA FROM PROFESSIONAL ORGANIZATIONS FOR THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY, INCLUDING THE AMOUNT THE UNIVERSITY REMITS TO THE ORDER OF ST. AUGUSTINE FOR SERVICES PROVIDED BY THE PRESIDENT. USING THIS COMPENSATION DATA AND ANNUAL PERFORMANCE ASSESSMENTS, THE PRESIDENT ANNUALLY DETERMINES PROPOSED SALARIES FOR ALL OFFICERS AND KEY EMPLOYEES. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD, AN INDEPENDENT COMMITTEE CONSISTING OF TRUSTEES ONLY, NONE OF WHOM ARE EMPLOYED BY THE UNIVERSITY, DETERMINES THE AMOUNT THE UNIVERSITY REMITS TO THE ORDER OF ST. AUGUSTINE FOR SERVICES PROVIDED BY THE PRESIDENT ON AN ANNUAL BASIS, BASED ON THE COMPARABILITY DATA PROVIDED BY THE HUMAN RESOURCES OFFICE AND ITS ASSESSMENT OF THE PRESIDENT'S PERFORMANCE. THE PRESIDENT DOES NOT PARTICIPATE IN THE APPROVAL OF HIS OWN SALARY. THE COMMITTEE ALSO REVIEWS AND APPROVES THE SALARIES PROPOSED BY THE PRESIDENT FOR THE OFFICERS AND KEY EMPLOYEES. THE DECISIONS REACHED BY THE EXECUTIVE COMPENSATION COMMITTEE AT ITS ANNUAL MEETING ARE RECORDED IN A DOCUMENT APPROVED BY THE CHAIR OF THE COMMITTEE AT OR SHORTLY AFTER THE MEETING OF THE COMMITTEE. FORM 990, PART VI, LINE 19 VILLANOVA UNIVERSITY MAKES ITS FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY READILY AVAILABLE TO THE PUBLIC THROUGH THE UNIVERSITY'S WEBSITE. THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE UNIVERSITY'S GOVERNING DOCUMENTS ARE NOT MADE PUBLICLY AVAILABLE. FORM 990 PART VII PAYMENT IS MADE DIRECTLY TO THE ORDER OF ST. AUGUSTINE FOR SERVICES PROVIDED BY REV. PETER M. DONOHUE O.S.A. AND REV. JOHN P. STACK O.S.A. AS OFFICERS OF VILLANOVA UNIVERSITY AND REV. KAIL C. ELLIS O.S.A. AS A FORMER OFFICER OF VILLANOVA UNIVERSITY. THESE PAYMENTS, AGGREGATED, TOTAL $1,176,716.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019


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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 Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
VILLANOVA UNIVERSITY
 
Employer identification number

23-1352688
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) ALDWYN LANE LLC
800 LANCASTER AVENUE
VILLANOVA,PA19085
23-3101680 		RENT REAL EST PA 13,320 65,512 NA
 










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


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)THE ENLIGHTENED WORLD FOUNDATION
100 FOUR FALLS CORPORATE CTR

W CONSHOHOCKEN,PA19428
23-2830237 		FOUNDATION PA 501(c)(3) 509(A)(3) NA
 
 
No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2019
Schedule R (Form 990) 2019
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) ALDWYN LANE LP

800 LANCASTER AVENUE
VILLANOVA,PA190851676
23-3101682 		RENT REAL ESTATE PA NA
  		UNRELATED 1,318,671 6,485,572   No 0 Yes   99.000 %
(2) VILLANOVA PRIVATE ASSETS FUND LP

320 PARK AVENUE 15TH FLOOR
NEW YORK,NY10022
23-1352688 		INVESTMENTS NY NA
  		UNRELATED 3,664,530 72,096,613   No -36,051 Yes   94.854 %










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) CHARITABLE REMAIND TRUSTS (9)

 
 
VARIOUS PA VILLANOVA UNIV
  		          No












Schedule R (Form 990) 2019
Schedule R (Form 990) 2019
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
 
No
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
 
No
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
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
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) ALDWYN LANE LP

 C 717,750 FMV
(2) ALDWYN LANE LLC

 C 7,250 FMV
(3) VILLANOVA PRIVATE ASSETS FUND LP

 B 12,631,965 FMV
(4) VILLANOVA PRIVATE ASSETS FUND LP

 C 5,596,151 FMV


Schedule R (Form 990) 2019
Schedule R (Form 990) 2019
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) 2019
Schedule R (Form 990) 2019
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. (see instructions).
Return Reference Explanation
PART IV VILLANOVA UNIVERSITY MANAGES TWENTY THREE CHARITABLE GIFT ANNUITIES, FOR WHICH WE HAVE A 50% OR GREATER INTEREST IN FOURTEEN OF THEM. THE AGGREGATE MARKET VALUE IS $1,478,232. VILLANOVA UNIVERSITY IS THE TRUSTEE FOR TWELVE CHARITABLE REMAINDER TRUSTS, FOR WHICH WE HAVE A 50% OR GREATER INTEREST IN NINE OF THEM. THE AGGREGATE MARKET VALUE IS $2,998,794.
Schedule R (Form 990) 2019

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