TY 2017 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)
(1) ROBERT A BROWN...................................................................... PRESIDENT	55.0 ................. 1.0	X	X	1,404,349	460,598
(2) J ROBB DIXON...................................................................... TRUSTEE & PROF (UNTIL 5-31-18)	55.0 ................. 0.0	X		180,180	31,411
(3) CATALDO W LEONE...................................................................... TRUSTEE & PROF (AS OF 6-1-18)	55.0 ................. 0.0	X		274,702	63,616
(4) KENNETH J FELD...................................................................... CHAIRMAN	3.0 ................. 0.0	X		0	0
(5) J KENNETH MENGES JR...................................................................... TRUSTEE - VICE CHAIRMAN	3.0 ................. 0.0	X		0	0
(6) RICHARD D REIDY...................................................................... TRUSTEE - VICE CHAIRMAN	3.0 ................. 0.0	X		0	0
(7) WILLIAM D BLOOM...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(8) RICHARD D COHEN...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(9) JONATHAN R COLE...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(10) SHAMIM A DAHOD...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(11) SUDARSHANA DEVADHAR...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(12) AHMASS L FAKAHANY...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(13) MAURICE R FERRE...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(14) SANDRA A FRAZIER...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(15) CAROL N FULP...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(16) RYAN K ROTH GALLO...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0
(17) RICHARD C GODFREY...................................................................... TRUSTEE	3.0 ................. 0.0	X		0	0

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(18) SUNGEUN HAN-ANDERSEN........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(19) BAHAA R HARIRI........................................................................ TRUSTEE (UNTIL 9/14/17)	3.0 .......................0.0	X				0	0	0
(20) JOHN P HOWE III........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(21) WILLIAM A KAMER........................................................................ TRUSTEE (AS OF 9/14/17)	3.0 .......................0.0	X				0	0	0
(22) STEPHEN R KARP........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(23) RAJEN A KILACHAND........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(24) ROBERT A KNOX........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(25) ANDREW R LACK........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(26) PETER J LEVINE........................................................................ TRUSTEE (UNTIL 12/13/17)	3.0 .......................0.0	X				0	0	0
(27) KEVIN MERIDA........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(28) CARLA E MEYER........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(29) RUTH A MOORMAN........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(30) ALICIA C MULLEN........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(31) PETER T PAUL........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(32) JACQUES P PEROLD........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(33) CA LANCE PICCOLO........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(34) ALLEN I QUESTROM........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(35) SHARON G RYAN........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(36) SD SHIBULAL........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(37) HUGO X SHONG........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(38) BIPPY M SIEGAL........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(39) KENNETH Z SLATER........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(40) MALEK SUKKAR........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(41) NINA C TASSLER........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(42) ANDREA L TAYLOR........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(43) STEPHEN M ZIDE........................................................................ TRUSTEE	3.0 .......................0.0	X				0	0	0
(44) MARTIN J HOWARD........................................................................ SR VP, CFO, & TREASURER	55.0 .......................1.0		X			511,250	0	116,296
(45) TODD L C KLIPP........................................................................ SR VP, SR COUNSEL, & SECRETARY	55.0 .......................0.0		X			480,164	0	54,825
(46) JEAN MORRISON........................................................................ UNIVERSITY PROVOST	55.0 .......................0.0			X		742,029	0	256,025
(47) KAREN H ANTMAN........................................................................ MEDICAL CAMPUS PROVOST	55.0 .......................4.0			X		876,596	0	36,646
(48) GARY W NICKSA........................................................................ SR VP FOR OPERATIONS	55.0 .......................1.0			X		528,148	0	60,545
(49) TONY TANNOURY........................................................................ PROFESSOR & PHYSICIAN	0.0 .......................55.0				X	0	2,070,646	124,891
(50) PUSHKAR MEHRA........................................................................ PROFESSOR & ORAL SURGEON	55.0 .......................0.0				X	1,275,005	0	61,065
(51) WILLIAM CREEVY........................................................................ PROFESSOR & PHYSICIAN	0.0 .......................55.0				X	0	1,082,657	61,908
(52) CLARISSA HUNNEWELL........................................................................ CHIEF INVESTMENT OFFICER	55.0 .......................0.0				X	1,069,842	0	36,734
(53) PAUL TORNETTA III........................................................................ PROFESSOR & PHYSICIAN	0.0 .......................55.0				X	0	939,889	44,907

(A) Name and business address	(B) Description of services	(C) Compensation
Bond Brothers Inc, 145 Spring Street Everett,MA02149	Construction	50,750,818
Shawmut Woodworking Supply Inc, 560 Harrison Avenue Boston,MA02118	Construction	49,276,505
Turner Construction Company, 2 Seaport Lane Suite 200 Boston,MA02210	Construction	29,152,576
NCS Pearson, 13036 Collection Center Drive Chicago,IL60693	Educational Services	6,905,130
Chapman ConstructionDesign Company, 84 Winchester Street Newton,MA02461	Construction	4,911,143
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 281

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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

Trustees of Boston University

Employer identification number

04-2103547

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.)

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

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

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

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

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

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

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

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

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

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

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

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

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

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

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

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

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

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

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


Total

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

Cat. No. 11285F

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)		(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.") ..	442,713,301	478,784,224	432,431,459	539,254,044	514,583,182	2,407,766,210
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....	0	0				0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..	0	0				0
4	Total. Add lines 1 through 3	442,713,301	478,784,224	432,431,459	539,254,044	514,583,182	2,407,766,210
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						49,933,951
6	Public support. Subtract line 5 from line 4.						2,357,832,259

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
7	Amounts from line 4..	442,713,301	478,784,224	432,431,459	539,254,044	514,583,182	2,407,766,210
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	106,677,187	95,819,237	98,109,891	112,240,685	73,772,534	486,619,534
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	2,366,659	1,463,243	1,698,313		1,179,525	6,707,740
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	0	0				0
11	Total support. Add lines 7 through 10						2,901,093,484

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

8,238,079,706

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

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 6, column (f) divided by line 11, column (f)) .........

81.274 %

Public support percentage for 2018 Schedule A, Part II, line 14 ...............

80.140 %

16a

33 1/3% support test—2019. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2018. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

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

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

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

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2018 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2019 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2018 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2019. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2018. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

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

Schedule A (Form 990 or 990-EZ) 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

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

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

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

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

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

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.

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

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

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

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

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

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (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.

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) .

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).

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

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

Did a disqualified person (as defined in line 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.

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

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

Page 5

Part IV

Supporting Organizations (continued)

Yes

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

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

11a

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

11b

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

11c

Section B. Type I Supporting Organizations

Yes

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

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

Section C. Type II Supporting Organizations

Yes

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

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (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?

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

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

Section E. Type III Functionally-Integrated Supporting Organizations

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

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

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

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

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

Yes

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

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

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

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

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

Schedule A (Form 990 or 990-EZ) 2019

Page 6

Part V

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

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

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

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

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 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

Schedule A (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

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

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

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

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

OMB No. 1545-0047

2019

Name of the organization

Trustees of Boston University

Employer identification number

04-2103547

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that 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 Trustees of Boston University

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
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 3

Name of organization Trustees of Boston University		Employer identification number 04-2103547

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 Trustees of Boston University			Employer identification number 04-2103547
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

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

SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

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

Go 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

Trustees of Boston University

Employer identification number

04-2103547

Part I-A

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

Provide a description of the organization’s direct and indirect political campaign activities in Part IV (see instructions for definition of “political campaign activities")

Political campaign activity expenditures (see instructions) .................................................................... SchCMd Bullet

Volunteer hours for political campaign activities (see instructions) ..................................................................

Part I-B

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

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

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

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

Yes No

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

Yes No

If "Yes," describe in Part IV.

Part I-C

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

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

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

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

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

Yes No

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

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

Page 2

Part II-A

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

A Check SchCMd Bullet

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

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

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

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

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

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

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

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

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

Yes

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

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

Yes

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

Yes

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

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

Yes

730,317

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

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

Yes

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

730,317

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

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

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

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

Part III-A

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

Yes

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

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

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

Part III-B

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

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

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

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

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

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

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

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

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

Part IV

Supplemental Information

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

Return Reference	Explanation
LOBBYING ACTIVITY EXPLANATION	SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY HAS A FEDERAL RELATIONS OFFICE WHICH MONITORS LEGISLATION AND OTHER FEDERAL GOVERNMENTAL DEVELOPMENTS OF INTEREST TO AND/OR AFFECTING THE UNIVERSITY, SOMETIMES WITH THE ASSISTANCE OF CONSULTANTS. THE OFFICE ALSO SERVES AS A LIAISON BETWEEN THE UNIVERSITY AND VARIOUS GOVERNMENT OFFICIALS. THE UNIVERSITY FILES QUARTERLY REPORTS WITH CONGRESS DETAILING THESE ACTIVITIES AND EXPENSES. THE UNIVERSITY ALSO HAS TWO STAFF MEMBERS WHO HAVE RESPONSIBILITY FOR MONITORING LEGISLATION AND GOVERNMENTAL DEVELOPMENTS OF INTEREST TO AND/OR AFFECTING THE UNIVERSITY ON THE STATE LEVEL. THE UNIVERSITY FILES SEMIANNUAL REPORTS WITH THE COMMONWEALTH OF MASSACHUSETTS DETAILING THESE ACTIVITIES AND EXPENSES. IT IS POSSIBLE THAT OTHER INDIVIDUALS MAY HAVE SPENT AN INSUBSTANTIAL PORTION OF THEIR TIME ON LEGISLATIVE MATTERS OF DIRECT CONCERN TO HIGHER EDUCATION AND MAY HAVE INCURRED INSUBSTANTIAL EXPENSES IN CONNECTION WITH THIS ACTIVITY. BOSTON UNIVERSITY PAYS DUES TO VARIOUS MEMBERSHIP ORGANIZATIONS IN AN EFFORT TO STAY CURRENT ON A WIDE VARIETY OF ACADEMIC, RESEARCH, GOVERNANCE, AND OTHER ISSUES. SOME OF THESE MEMBERSHIP ORGANIZATIONS CONDUCT LOBBYING ACTIVITIES, WHICH ARE REFLECTED IN THE UNIVERSITY'S LOBBYING REPORTS. A THIRD PARTY CONSULTANT is retained by Boston University to track federal legislative and agency developments OF INTEREST TO AND/OR AFFECTING the University. SCHEDULE C, PART II-B, LINES 1D AND 1E THE UNIVERSITY POSTS FACT SHEETS CONTAINING LOBBYING MATERIALS DIRECTED AT ITS CONSTITUENCIES AND POLICYMAKERS TO THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S FEDERAL RELATIONS OFFICE ALSO DELIVERS THESE FACT SHEETS TO RELEVANT POLICYMAKERS. THE COST OF CREATING, POSTING, AND DELIVERING THE FACT SHEETS IS INCLUDED IN THE TOTAL LOBBYING EXPENSES REPORTED ON PART II-B, LINE 1J.

Return Reference

Explanation

LOBBYING ACTIVITY EXPLANATION

SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY HAS A FEDERAL RELATIONS OFFICE WHICH MONITORS LEGISLATION AND OTHER FEDERAL GOVERNMENTAL DEVELOPMENTS OF INTEREST TO AND/OR AFFECTING THE UNIVERSITY, SOMETIMES WITH THE ASSISTANCE OF CONSULTANTS. THE OFFICE ALSO SERVES AS A LIAISON BETWEEN THE UNIVERSITY AND VARIOUS GOVERNMENT OFFICIALS. THE UNIVERSITY FILES QUARTERLY REPORTS WITH CONGRESS DETAILING THESE ACTIVITIES AND EXPENSES. THE UNIVERSITY ALSO HAS TWO STAFF MEMBERS WHO HAVE RESPONSIBILITY FOR MONITORING LEGISLATION AND GOVERNMENTAL DEVELOPMENTS OF INTEREST TO AND/OR AFFECTING THE UNIVERSITY ON THE STATE LEVEL. THE UNIVERSITY FILES SEMIANNUAL REPORTS WITH THE COMMONWEALTH OF MASSACHUSETTS DETAILING THESE ACTIVITIES AND EXPENSES. IT IS POSSIBLE THAT OTHER INDIVIDUALS MAY HAVE SPENT AN INSUBSTANTIAL PORTION OF THEIR TIME ON LEGISLATIVE MATTERS OF DIRECT CONCERN TO HIGHER EDUCATION AND MAY HAVE INCURRED INSUBSTANTIAL EXPENSES IN CONNECTION WITH THIS ACTIVITY. BOSTON UNIVERSITY PAYS DUES TO VARIOUS MEMBERSHIP ORGANIZATIONS IN AN EFFORT TO STAY CURRENT ON A WIDE VARIETY OF ACADEMIC, RESEARCH, GOVERNANCE, AND OTHER ISSUES. SOME OF THESE MEMBERSHIP ORGANIZATIONS CONDUCT LOBBYING ACTIVITIES, WHICH ARE REFLECTED IN THE UNIVERSITY'S LOBBYING REPORTS. A THIRD PARTY CONSULTANT is retained by Boston University to track federal legislative and agency developments OF INTEREST TO AND/OR AFFECTING the University. SCHEDULE C, PART II-B, LINES 1D AND 1E THE UNIVERSITY POSTS FACT SHEETS CONTAINING LOBBYING MATERIALS DIRECTED AT ITS CONSTITUENCIES AND POLICYMAKERS TO THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S FEDERAL RELATIONS OFFICE ALSO DELIVERS THESE FACT SHEETS TO RELEVANT POLICYMAKERS. THE COST OF CREATING, POSTING, AND DELIVERING THE FACT SHEETS IS INCLUDED IN THE TOTAL LOBBYING EXPENSES REPORTED ON PART II-B, LINE 1J.

Schedule C (Form 990 or 990EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," 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

Trustees of Boston University

Employer identification number

04-2103547

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 ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

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.

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

(ii)

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

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

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

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

Cat. No. 52283D

Schedule D (Form 990) 2019

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other EDUCATION

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


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

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" 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 ....	1,901,152,882	1,593,186,499	1,576,594,417	1,547,493,496	1,335,661,496
b	Contributions ...	127,245,589	160,802,323	107,883,764	51,729,011	44,714,899
c	Net investment earnings, gains, and losses	171,346,295	211,456,207	-33,644,386	32,600,137	218,204,659
d	Grants or scholarships ...	18,565,345	17,591,210	16,360,403	14,455,011	14,560,244
e	Other expenditures for facilities and programs ...	45,447,184	39,762,970	35,000,932	34,080,533	31,133,213
f	Administrative expenses ....	7,549,232	6,937,967	6,285,961	6,692,683	5,394,101
g	End of year balance ......	2,128,183,005	1,901,152,882	1,593,186,499	1,576,594,417	1,547,493,496

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

Board designated or quasi-endowment SchDMd Bullet

41.000 %

Permanent endowment SchDMd Bullet

29.000 %

Term endowment SchDMd Bullet

30.000 %

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

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

Yes

(i) Unrelated organizations .................

3a(i)

Yes

(ii) Related organizations .................

3a(ii)

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

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

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" 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 .....	19,839,729	197,350,975		217,190,704
b	Buildings ....	123,911,180	3,231,751,018	1,187,596,953	2,168,065,245
c	Leasehold improvements	27,267,923	54,162,317	48,413,202	33,017,038
d	Equipment ....	271,831	345,615,298	203,119,880	142,767,249
e	Other .....		237,606,807	187,860,695	49,746,112
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					2,610,786,348

Schedule D (Form 990) 2019

Page 3

Part VII

InvestmentsOther 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) ALTERNATIVES-HEDGE	686,755,522	F
(B) ALTERNATIVES-NATURAL RESOURCES	103,434,208	F
(C) ALTERNATIVES-PRIVATE	352,415,832	F
(D) ALTERNATIVES-REAL ESTATE	431,221,038	F
(E) SPLIT INTEREST AGREEMENT	12,292,380	F
(F) RESIDUAL ASSET NOTE RECEIVABLE	36,212,433	F
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	1,622,331,413

Part VIII

InvestmentsProgram 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.)

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

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
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	260,016,020
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

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

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

Part XIII

Supplemental Information

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

Return Reference	Explanation
SCHEDULE D, PART III, LINE 1A	THE UNIVERSITY'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS ON THE STATEMENT IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS RELEASES FROM TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS HAD BEEN RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES.
SCHEDULE D, PART III, LINE 4	THE UNIVERSITY'S COLLECTIONS CONSIST OF WORKS OF ART, ARTIFACTS, RARE BOOKS, HISTORICAL DOCUMENTS, AND OTHER SIMILAR MATERIALS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. THE COLLECTIONS ARE SUBJECT TO A DEACCESSION POLICY REQUIRING THAT PROCEEDS FROM THE DISPOSITION OF AN OBJECT BE USED TO SUPPORT THE PRESERVATION AND DEVELOPMENT OF THE UNIVERSITY'S COLLECTIONS.
SCHEDULE D, PART V, LINE 4	THE ENDOWMENT FUND PROVIDES THE UNIVERSITY WITH THE FLEXIBILITY AND FREEDOM TO EMBARK ON NEW DISCIPLINES, TO SUPPORT INCREASED FINANCIAL AID, TO HIRE ADDITIONAL FACULTY, AND TO BUILD OR UPDATE FACILITIES. IT ENSURES REGULAR FUNDING LEVELS FOR UNIVERSITY DEPARTMENTS, PROGRAMS, AND SCHOLARSHIPS, AND HELPS STEM RISES IN TUITION BY SUPPORTING UNIVERSITY OPERATIONS THAT ARE OTHERWISE PAID FOR WITH STUDENT TUITION AND FEES. SCHEDULE D, PART X, LINE 2 The University is generally exempt from income tax under Section 501(c)(3) of the U.S. Internal Revenue Code, except to the extent the University has unrelated business income. US GAAP requires the University to evaluate tax positions taken by the University and recognize a tax liability (or asset) if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The University has analyzed the tax positions taken and has concluded that as of June 30, 2018, there are no material uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset).

Schedule D (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE E(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Schools

Complete if the organization answered "Yes" 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

Trustees of Boston University

Employer identification number

04-2103547

Part I

YES

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

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

Yes

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

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

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

Yes

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

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

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

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

Yes

Does the organization maintain the following?

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

Yes

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

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

Yes

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

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

Yes

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

Yes

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

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

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

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

Yes

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

Cat. No. 50085D

Schedule E (Form 990 or 990-EZ) (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

SCHEDULE E, PART I, LINE 3

BOSTON UNIVERSITY PROHIBITS DISCRIMINATION AGAINST ANY INDIVIDUAL ON THE BASIS OF RACE, COLOR, RELIGION, SEX, AGE, NATIONAL ORIGIN, PHYSICAL OR MENTAL DISABILITY, SEXUAL ORIENTATION, GENDER IDENTITY, GENETIC INFORMATION, MILITARY SERVICE, OR BECAUSE OF MARITAL, PARENTAL, OR VETERAN STATUS. THIS POLICY EXTENDS TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES, INCLUDING ADMISSIONS, FINANCIAL ASSISTANCE, EDUCATIONAL AND ATHLETIC PROGRAMS, HOUSING, EMPLOYMENT, COMPENSATION, EMPLOYEE BENEFITS, AND THE PROVIDING OF, OR ACCESS TO, UNIVERSITY SERVICES OR FACILITIES. BOSTON UNIVERSITY RECOGNIZES THAT NON-DISCRIMINATION DOES NOT ENSURE THAT EQUAL OPPORTUNITY IS A REALITY. ACCORDINGLY, THE UNIVERSITY WILL CONTINUE TO TAKE AFFIRMATIVE ACTION TO ACHIEVE EQUAL OPPORTUNITY THROUGH RECRUITMENT, OUTREACH, AND INTERNAL REVIEWS OF POLICIES AND PRACTICES. INQUIRIES REGARDING THE APPLICATION OF THIS POLICY SHOULD BE ADDRESSED TO THE EXECUTIVE DIRECTOR OF EQUAL OPPORTUNITY, 19 DEERFIELD STREET, BOSTON, MA 02115 (617-353-9286).

SCHEDULE E, PART I, LINE 6A

BOSTON UNIVERSITY PARTICIPATES IN SEVERAL FEDERAL FINANCIAL AID PROGRAMS INCLUDING THE FEDERAL PELL GRANT PROGRAM AND THE FEDERAL WORK STUDY PROGRAM; IN ADDITION THE UNIVERSITY RECEIVES FEDERAL GRANTS AND CONTRACTS IN SUPPORT OF ITS RESEARCH MISSION. FEDERAL AGENCIES PROVIDING SUPPORT FOR UNIVERSITY RESEARCH AND TRAINING INCLUDED THE NATIONAL INSTITUTES OF HEALTH, THE NATIONAL SCIENCE FOUNDATION, THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, THE DEPARTMENT OF DEFENSE, THE DEPARTMENT OF ENERGY, AND THE US AGENCY FOR INTERNATIONAL DEVELOPMENT.

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

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

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

Attach to Form 990. Right pointing arrow large image

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
Trustees of Boston University

Employer identification number

04-2103547

Part I

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

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

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

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

Yes

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

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

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in 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			Fundraising		5,313
	East Asia and the Pacific			Fundraising		295,539
	Europe (Including Iceland and Greenland)			Fundraising		115,354
	Middle East and North Africa			Fundraising		17,527
	North America			Fundraising		12,098
	South America			Fundraising		23,970
	South Asia			Fundraising		30,796
	Central America and the Caribbean			Grantmaking		255,531
	East Asia and the Pacific			Grantmaking		297,351
	Europe (Including Iceland and Greenland)			Grantmaking		3,008,385
	Middle East and North Africa			Grantmaking		126,251
	North America			Grantmaking		477,803
	South America			Grantmaking		85,914
	South Asia			Grantmaking		556,472
	Sub-Saharan Africa			Grantmaking		1,350,982
	Central America and the Caribbean		7	Program Services	Research	810,229
	East Asia and the Pacific		4	Program Services	Research	780,798
	Europe (Including Iceland and Greenland)		18	Program Services	Research	4,196,383
	Middle East and North Africa			Program Services	Research	130,402
	North America		8	Program Services	Research	581,593
	South America		4	Program Services	Research	218,107
	South Asia	1	2	Program Services	Research	128,129
	Sub-Saharan Africa		13	Program Services	Research	3,961,973
	Russia and the Newly Independent States			Program Services	Research	38,365
	Central America and the Caribbean			Program Services	Seminars	94,730
	East Asia and the Pacific			Program Services	Seminars	727,469
	Europe (Including Iceland and Greenland)			Program Services	Seminars	1,533,896
	Middle East and North Africa			Program Services	Seminars	127,371
	North America			Program Services	Seminars	199,428
	South America			Program Services	Seminars	79,671
	South Asia			Program Services	Seminars	167,822
	Sub-Saharan Africa			Program Services	Seminars	109,488
	Russia and the Newly Independent States			Program Services	Seminars	16,585
	East Asia and the Pacific	4	49	Program Services	Study Abroad	8,047,936
	Europe (Including Iceland and Greenland)	15	198	Program Services	Study Abroad	28,356,229
	Middle East and North Africa			Program Services	Study Abroad	174,880
	Central America and the Caribbean			Program Services	Study Abroad	982
	South America		3	Program Services	Study Abroad	415,133
	South Asia			Program Services	Study Abroad	17,355
	Sub-Saharan Africa			Program Services	Study Abroad	93,631
	Central America and the Caribbean			Investments		464,336,632
	East Asia and the Pacific			Investments		413,928
	Europe (Including Iceland and Greenland)			Investments		40,266,644
	South Asia			Investments		6,120,325
	North America			Investments		31,030,032
	South America			Investments		4,883,388
	East Asia and the Pacific			Program Services	STUDENT FINANCIAL AID	36,156
	Europe (Including Iceland and Greenland)			Program Services	STUDENT FINANCIAL AID	97,250
	South America			Program Services	STUDENT FINANCIAL AID	1,000
	Sub-Saharan Africa			Program Services	STUDENT FINANCIAL AID	2,000
3a	Sub-total ....		11			8,250,313
b	Total from continuation sheets to Part I ...	20	295			596,604,913
c	Totals (add lines 3a and 3b)	20	306			604,855,226

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.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement
Central America and the Caribbean	RESEARCH	255,531	WIRE
East Asia and the Pacific	RESEARCH	170,351	WIRE
East Asia and the Pacific	RESEARCH	127,000	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	43,881	CHECK
Europe (Including Iceland and Greenland)	RESEARCH	5,446	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	123,955	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	49,980	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	333,584	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	18,365	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	13,916	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	46,843	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	29,434	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	496,416	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	498,331	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	579,559	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	31,435	WIRE
Europe (Including Iceland and Greenland)	RESEARCH	737,240	WIRE
Middle East and North Africa	RESEARCH	126,251	WIRE
North America	RESEARCH	315,197	ACH
North America	RESEARCH	51,858	CHECK
North America	RESEARCH	89,617	CHECK
North America	RESEARCH	21,131	CHECK
North America	RESEARCH	30,914	WIRE
South America	RESEARCH	55,000	WIRE
South Asia	RESEARCH	556,472	WIRE
Sub-Saharan Africa	RESEARCH	8,746	CHECK
Sub-Saharan Africa	RESEARCH	819,332	WIRE
Sub-Saharan Africa	RESEARCH	47,900	WIRE
Sub-Saharan Africa	RESEARCH	7,693	WIRE
Sub-Saharan Africa	RESEARCH	11,874	WIRE
Sub-Saharan Africa	RESEARCH	455,437	WIRE

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 .......	11
3	Enter total number of other organizations or entities .......................	20

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.

	(b) Region	(c) Number of recipients	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)
STUDENT FINANCIAL AID	East Asia and the Pacific	2	36,156	TUITION	COST
STUDENT FINANCIAL AID	Europe (Including Iceland and Greenland)	23	97,250	TUITION	COST
STUDENT FINANCIAL AID	South America	1	1,000	TUITION	COST
STUDENT FINANCIAL AID	Sub-Saharan Africa	1	2,000	TUITION	COST

Schedule F (Form 990) 2019

Page 4

Part IV

Foreign Forms

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
Schedule F, Part I, Line 2	THE UNIVERSITY ASSIGNS RESPONSIBILITY FOR MONITORING THE USE OF RESEARCH FUNDS OUTSIDE OF THE UNITED STATES TO THE OFFICE OF POST AWARD FINANCIAL OPERATIONS. THIS OFFICE MONITORS ALL DOMESTIC AND FOREIGN SUBRECIPIENT GRANT MAKING ACTIVITY, INCLUDING COMPLIANCE WITH ALL APPLICABLE REGULATIONS. WHEN APPROVING INVOICE PAYMENTS CHARGED TO RESEARCH GRANTS, THE VALIDITY OF EXPENSES AND THE ACHIEVEMENT OF SCIENTIFIC AND TECHNICAL PROGRESS IS VERIFIED BY THE PRINCIPAL INVESTIGATOR OR HIS/HER DESIGNEE. BOSTON UNIVERSITY SCHOOLS, COLLEGES, AND THE OFFICE OF FINANCIAL ASSISTANCE MAKE EVERY EFFORT TO ASSIST STUDENTS WITH CALCULATED FINANCIAL ELIGIBILITY AND HIGH ACADEMIC ACHIEVEMENT, MEASURED AGAINST THE CREDENTIALS OF OTHER ACCEPTED STUDENTS. A STUDENT'S ACADEMIC RECORD IS AN IMPORTANT FACTOR IN DETERMINING ELIGIBILITY FOR BOSTON UNIVERSITY SCHOLARSHIPS AND NEED-BASED GRANTS. KEY INDICATORS SUCH AS HIGH SCHOOL GRADE POINT AVERAGE (GPA), RANK IN CLASS, AND STANDARDIZED TEST SCORES ARE CONSIDERED, AS WELL AS THE STRENGTH OF THE STUDENT'S ACADEMIC PROGRAM AND EXTRACURRICULAR ACTIVITIES. SCHEDULE F, PART I, LINE 3 THE INFORMATION REPORTED UNDER SCHEDULE F, PART I IS BASED ON REVIEW OF DISBURSEMENTS TO FOREIGN VENDORS AS WELL AS GRANT, PAYROLL, TRAVEL, AND INVESTMENT DATA. GRANT MAKING ACTIVITIES CONSIST OF RESEARCH GRANTS TO SUBRECIPIENTS.

Schedule F (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" 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 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
Trustees of Boston University

Employer identification number

04-2103547

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.

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

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

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

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

YesNo

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?		(v) Amount paid to (or retained by) fundraiser listed in col. (i)
			Yes	No
	Greater Public	Fundraising Consultant		No	20,062
	KLJD Consulting	Fundraising Consultant		No	8,967
	Upstatement LLC	Fundraising Consultant		No	10,601







Total . . . . . . . . . . . . . . . . . . . .					39,630

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.

All States

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

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.

		(a) Event #1 WBUR Valentine (event type)	(b) Event #2 WBUR Mother's (event type)	(c) Other events 5 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	1,131,383	1,103,703	741,354	2,976,440
2	Less: Contributions . . . .	227,208	297,283	687,927	1,212,418
3	Gross income (line 1 minus line 2) . . . . . .	904,175	806,420	53,427	1,764,022

4	Cash prizes . . . . .
5	Noncash prizes . . . .			182,158	182,158
6	Rent/facility costs . . . .			159,293	159,293
7	Food and beverages . . .	2,598	2,650	15,830	21,078
8	Entertainment . . . .			42,251	42,251
9	Other direct expenses . . .	642,319	592,010	145,703	1,380,032
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				1,784,812
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				-20,790

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.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

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

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

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

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

YesNo

If "No," explain:

10a

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

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2019

Page 3

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

YesNo

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

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

YesNo

Indicate the percentage of gaming activity conducted in:

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

13a

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

13b

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

Name

Address

15a

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

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

YesNo

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

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

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

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

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

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

YesNo

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

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

Part IV

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

Return Reference	Explanation

Schedule G (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

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
Trustees of Boston University

Employer identification number
04-2103547

Part I

General Information on Grants and Assistance

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

Yes No

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

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" 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	(h) Purpose of grant or assistance
(1) Albany Medical College 47 New Scotland Ave Office of Adm Albany,NY12208	14-1338310	501C3	70,521	RESEARCH
(2) American Academy of Pediatrics PO Box 776442 Chicago,IL60677	36-2275597	501C3	75,463	RESEARCH
(3) American College of Radiology 1818 Market Street Suite 1720 PO Box 1388 Philadelphia,PA19103	36-2261602	501C3	1,196,023	RESEARCH
(4) Amicrobe Inc 3142 Tiger Run Court Suite 101 Carlsbad,CA92010	27-4438018		311,907	RESEARCH
(5) Ann & Robert H Lurie Childrens HospITAL 225 E Chicago Ave Box 271 Chicago,IL60611	36-2170833	501C3	56,248	RESEARCH
(6) Association of Maternal & Child Health 1825 K Street NW Suite 250 6th Floor Washington,DC20006	52-1529448	501C3	8,201	RESEARCH
(7) Bay Area Bioscience Center 250 E Grand Avenue Suite 26 South San Francisco,CA94080	94-3118621	501C3	652,427	RESEARCH
(8) Baylor College of Medicine PO Box 301207 Dallas,TX75303	74-1613878	501C3	195,777	RESEARCH
(9) Beth Israel Deaconess Medical Center 330 Brookline Ave BR 109 Rm 261 Re Boston,MA02215	04-2103881	501C3	980,860	RESEARCH
(10) Bethel University 3900 Bethel Drive St Paul,MN55112	41-0708577	501C3	13,559	RESEARCH
(11) Board of Trustees of the Leland Stanford Junior PO Box 44253 MS 0124 San Francisco,CA94144	94-1156365	501C3	21,923	RESEARCH
(12) Boston Health Care for the Homeless 780 Albany Street Boston,MA02118	04-3160480	501C3	53,818	RESEARCH
(13) Boston Housing Authority 52 Chauncy St Boston,MA02111	04-6001907	STATE OF MA	6,680	RESEARCH
(14) Boston Medical Center 660 Harrison AveGambro2RESFIN Boston,MA02118	04-3314093	501C3	749,274	RESEARCH
(15) Boston Public Health Commission 1010 Mass Ave 6th Fl Finance Boston,MA02118	04-3316655	STATE OF MA	24,025	RESEARCH
(16) Boston VA Research Institute Inc 5 Post Office Square Boston,MA02109	04-3081524	501C3	42,788	RESEARCH
(17) Bowdoin College 5400 College Stations ControllerOff Brunswick,ME04011	01-0215213	501C3	82,176	RESEARCH
(18) Brooklyn Bureau Community Service 285 Schermerhorn Street Brooklyn,NY11217	11-1630780	501C3	20,759	RESEARCH
(19) Brown University 69 Brown St 2nd Fl Box 1997 COBBSC Providence,RI02912	05-0258809	501C3	541,852	RESEARCH
(20) Bugworks Research Inc 41635 Joyce Ave Fremont,CA94539	46-4722591		919,979	RESEARCH
(21) Butler Hospital 350 Duncan Dr Attn M Hennessey-Gre Providence,RI02906	05-0258812	501C3	67,685	RESEARCH
(22) Cardiovascular Engineering Inc 1 Edgewater Drive Norwood,MA02062	04-3428135		279,041	RESEARCH
(23) Carnegie Mellon University PO Box 371032 Pittsburgh,MA15250	25-0969449	501C3	88,319	RESEARCH
(24) Casa Esperanza Inc PO Box 191540 Roxbury,MA02119	22-2525437	501C3	99,373	RESEARCH
(25) Center for Social Innovation LLC 200 Reservoir Street Needham,MA02494	87-0763049		5,030	RESEARCH
(26) Childrens Hospital Corporation PO Box 414413 Boston,MA02241	04-2774441	501C3	1,488,830	RESEARCH
(27) Cidara Therapeutics Inc 6310 Nancy Ridge Drive Ste 101 Suite 300 San Diego,CA92121	46-1537286		224,538	RESEARCH
(28) City of New Bedford 181 Hillman St Bldg 9 New Bedford,MA02740	04-6001402	LOCAL GOVT	9,618	RESEARCH
(29) Claremont Mckenna College 101 S Mills Ave Staff Accountant Claremont,CA91711	95-1664101	501c3	47,641	RESEARCH
(30) Cleveland Clinic Foundation PO Box 931562 Lerner College of Med Cleveland,OH44193	34-0714585	501C3	246,821	RESEARCH
(31) Colorado Seminary 2199 S University Blvd Denver,CO80210	84-0404231	501C3	17,466	RESEARCH
(32) Colorado State University 2002 Campus Delivery Sponsored Pro Fort Collins,CO80523	84-6000545	501C3	155,701	RESEARCH
(33) Commonweal PO Box 316 451 Mesa Road Mail Stop BP451 Bolinas,CA94924	94-2366094	501C3	10,000	RESEARCH
(34) Contrafect Corp 28 Wells Ave 3rd Fl Yonkers,NY10701	39-2072586		501,185	RESEARCH
(35) Cornell University PO Box 22 Ithaca,NY14851	15-0532082	501C3	92,426	RESEARCH
(36) Dallas VA Research Corporation PO Box 397776 Dallas,TX75339	75-2329831	501C3	19,747	RESEARCH
(37) Dana-Farber Cancer Institute Inc 450 Brookline Ave Mail Stop BP437RA VAMC 518 Boston,MA02215	04-2263040	501C3	34,669	RESEARCH
(38) Denver Research Institute 1055 Clermont St VAMC 151 Denver,CO80220	84-1392442	501C3	20,272	RESEARCH
(39) Drexel University PO Box 95000-1010 Philadelphia,PA19195	23-1352630	501C3	141,388	RESEARCH
(40) DRS Technologies LLC Lockbox 8403421401 Elm St 5th flr Dallas,TX75202	13-2632319		5,820	RESEARCH
(41) Duke University PO Box 602651 Accounts Receivable L Ste 603 Charlotte,NC28260	56-0532129	501C3	610,284	RESEARCH
(42) East Carolina University 2200 SCharlesBlvdGreenvilleCtrS2900 Greenville,NC27858	56-6000403	STATE OF NC	61,040	RESEARCH
(43) Eastman Kodak Company PO Box 640350 Pittsburgh,PA15264	16-0417150		50,000	RESEARCH
(44) Educational Testing Service PO Box 371986 Pittsburgh,PA15251	21-0634479	501C3	228,006	RESEARCH
(45) EMORY UNIVERSITY PO Box 935084 MS 2E1 Atlanta,GA31193	58-0566256	501C3	176,822	RESEARCH
(46) Endicott College 376 Hale St Treasurers Office Beverly,MA01915	04-2103567	501C3	47,995	RESEARCH
(47) Entasis Therapeutics Inc 35 Gatehouse Drive Waltham,MA02451	47-3440942		1,408,939	RESEARCH
(48) Fikst LLC 45 Industrial Parkway 2nd Floor Woburn,MA01801	20-3934602		55,372	RESEARCH
(49) Florida International Univ BOT 11200 SW 8th Street MARC 430 Miami,FL33199	65-0177616	501C3	23,650	RESEARCH
(50) Fordham University 441 East Fordham Rd FMH-RM536 NY,NY10458	13-1740451	501C3	23,746	RESEARCH
(51) Forge Therapeutics Inc 3210 Merryfield Row San Diego,CA92121	80-0940055		4,078,789	RESEARCH
(52) Forsyth Dental Infirmary for Children 245 First Street CAMBRIDGE,MA02142	04-2104230	501C3	175,790	RESEARCH
(53) Franklin & Marshall College PO Box 3003 c/o Claire Retterer Lancaster,PA17604	23-1352635	501C3	247,965	RESEARCH
(54) Franklin Primary Health Center Inc 1303 Dr Martin Luther King Jr Ave Mobile,AL36603	63-0695975	501C3	44,828	RESEARCH
(55) Fraunhofer USA Inc PO Box 673308 Detroit,MI48267	38-3203030		98,538	RESEARCH
(56) Fred Hutchinson Cancer Research Center 1100 Fairview Ave North Seattle,WA98109	23-7156071	501C3	32,762	RESEARCH
(57) George Mason University 4400 University Drive MS 2E1 Fairfax,VA22030	54-0836354	501C3	5,633	RESEARCH
(58) Georgetown University Box 571164 Office of Sponsored Acct Suite 700 Washington,DC20057	53-0196603	501C3	34,285	RESEARCH
(59) Georgia Tech Research Corporation PO Box 100117 16TH FLOOR Atlanta,GA30384	58-0603146	501C3	132,707	RESEARCH
(60) GreenRoots Inc 227 Marginal St Suite 1 Chelsea,MA02150	81-2718273	501C3	16,000	RESEARCH
(61) Health Management Associates Inc 120 N Washington Square Suite 705 Suite 70 Lansing,MI48933	38-2599727	501C3	23,093	RESEARCH
(62) Health Research Inc 150 Broadway Suite 560 Suite 210 Menands,NY12204	14-1402155	501C3	222,520	RESEARCH
(63) Health Resources in Action Inc 95 Berkeley Street Boston,MA02116	04-2229839	501C3	21,109	RESEARCH
(64) Hebrew Rehabilitation Center 1200 Centre Street Boston,MA02131	04-2104298	501C3	16,463	RESEARCH
(65) HelixBind Inc 181 Cedar Hill St Bldg 12-189 Marlborough,MA01752	46-1399706		83,056	RESEARCH
(66) Henry Ford Health System One Ford Place Detroit,MI48202	38-1357020	501C3	8,881	RESEARCH
(67) HJF Medical Research International 6720-A Rockledge Dr Suite 100 South West Bethesda,MD20817	52-2322791	501C3	113,925	RESEARCH
(68) Holyoke Health Center Inc P O Box 6260 230 Maple Street Holyoke,MA01041	04-2492730	501C3	182,138	RESEARCH
(69) Icahn School of Medicine at Mount SINAI 1 Gustave Levy Pl Box 3500 Raj Ap New York,NY10029	13-6171197	501C3	284,272	RESEARCH
(70) Impact Marketing and Communications 10219 Green Holly Terrace Silver Spring,MD20902	16-1694206		76,841	RESEARCH
(71) Indiana University PO Box 78000 Dept 78867 Detroit,MI48278	35-6001673	STATE OF IN	123,229	RESEARCH
(72) Inhibrx LP 11099 N Torrey Pines Road Suite 280 La Jolla,CA92037	27-2290837		312,833	RESEARCH
(73) Innovations for Poverty Action 101 Whitney Avenue New Haven,CT06510	06-1660068	501c3	197,861	RESEARCH
(74) Integrated BioTherapeutics 4 Research Court Ste 300 Rockville,MD20850	20-3052840		164,614	RESEARCH
(75) Intertox Inc 600 Stewart Street Suite 1101 Seattle,WA98101	91-1684217		6,834	RESEARCH
(76) Jaeb Center for Health Research Foundation 15310 Amberly Drive Ste 350 Tampa,FL33647	59-3187624	501C3	250,789	RESEARCH
(77) Jane Diagnostics Inc 201 Freeman St Brookline,MA02446	81-3218529		39,889	RESEARCH
(78) Johns Hopkins Univ Applied Physics 11100 Johns Hopkins Road Laurel,MD20723	52-0595111	501C3	116,058	RESEARCH
(79) Johns Hopkins University 12529 Collections Center Drive Chicago,IL60693	52-0595110	501C3	340,854	RESEARCH
(80) Joslin Diabetes Center Inc One Joslin Place Sponsored Researc Boston,MA02215	04-2203836	501C3	209,331	RESEARCH
(81) Lahey Clinic Inc 41 Mall Road Burlington,MA01805	04-2704683	501c3	83,526	RESEARCH
(82) Lawrence University of Wisconsin 711 E Boldt Way Appleton,WI54911	39-0806297	501C3	14,733	RESEARCH
(83) Legacy Community Health Services PO Box 66308 Rm G-547 Houston,TX77266	76-0009637	501C3	60,707	RESEARCH
(84) Macrolide Pharmaceuticals Inc 480 Arsenal Way 130 Watertown,MA02472	90-1138559		253,084	RESEARCH
(85) MANAGEMENT SCIENCES FOR HEALTH 200 Rivers Edge Drive 320 Medford,MA02155	04-2482188	501c3	10,752	RESEARCH
(86) Mapp Biopharmaceutical Inc 6160 Lusk Blvd Ste C105 San Diego,CA92121	20-0037593		149,963	RESEARCH
(87) Massachusetts Eye and Ear Infirmary 243 Charles St Research Finance Boston,MA02114	04-2103591	501C3	59,300	RESEARCH
(88) Massachusetts Institute of Technology 77 Mass Ave Cashiers NE49-3077 CAMBRIDGE,MA02139	04-2103594	501C3	1,209,800	RESEARCH
(89) Mayo Clinic 200 First Street South West Rochester,MN55905	41-6011702	501C3	24,727	RESEARCH
(90) Mayo Clinic Jacksonville PO Box 860334 Research Finance Minneapolis,MN55486	59-3337028	501C3	310,685	RESEARCH
(91) Medical College of Wisconsin Inc PO Box 26509 8701 Watertown Plank Milwaukee,WI53226	39-0806261	501C3	49,674	RESEARCH
(92) Medical University of South Carolina 19 Hagood Ave Suite 805 MSC 804 Cas Room 130 MC 1103 Charleston,SC29425	57-6000722	state of sc	101,340	RESEARCH
(93) Mental Health Center of Denver 4141 E Dickenson Pl C Richey Denver,CO80222	74-2499946	501c3	29,400	RESEARCH
(94) Michigan State University 426 Auditorium Road Room 2 East Lansing,MI48824	38-6005984	STATE OF MI	30,991	RESEARCH
(95) Microbiotix Inc One Innovation Drive 120C Worcester,MA01605	06-1538344		1,001,881	RESEARCH
(96) Middle Tennessee Research Institute 1310 24th Ave South Rm F201 Nashville,TN37212	62-1387860	501C3	311,662	RESEARCH
(97) Miriam Hospital 1 Hoppin St Ste 1300 Box 42 Providence,RI02903	05-0258905	501C3	318,957	RESEARCH
(98) Molecular NeuroImaging LLC (Now Invicro) 60 Temple Street Suite 8A PO Box 1450 New Haven,CT06510	06-1594851	501c3	166,465	RESEARCH
(99) Multnomah County 421 SW Oak St Ste 210 Health Dept 7th Floor Portland,OR97204	93-6002309	LOCAL GOVT	33,095	RESEARCH
(100) Museum of Science 1 Science Park Boston,MA02114	04-2103916	501c3	6,983	RESEARCH
(101) National Bureau of Economic Research 1050 Massachusetts Ave CAMBRIDGE,MA02138	13-1641075	501C3	61,930	RESEARCH
(102) National Opinion Research Center 55 East Monroe St Suite 2000 Unit 210 Chicago,IL60603	36-2167808	501C3	14,118	RESEARCH
(103) National Technology & Engineering PO Box 5800 MS-1387 Albuquerque,NM87185	85-0097942		30,000	RESEARCH
(104) New Hampshire Public Health Association 4 Park St Suite 403 Concord,NH03301	02-0453814	501c3	19,665	RESEARCH
(105) New York Society for the Relief of 535 East 70th St Finance New York,NY10021	13-1624135	501C3	11,416	RESEARCH
(106) New York University PO Box 5166 NY,NY10087	13-5562308	501C3	431,415	RESEARCH
(107) Newark Beth Israel Medical Center 201 Lyons Ave Newark,NJ07112	22-3452311	501C3	44,463	RESEARCH
(108) NO AIDS Task Force 2601 Tulane Ave Suite 500 New Orleans,LA70119	72-1059635	501C3	55,046	RESEARCH
(109) North Carolina State University Box 7214 Raleigh,NC27695	56-6000756	501C3	12,734	RESEARCH
(110) North SHore-LIJ Contract Research O 972 Brush Hollow Road Westbury,NY11590	46-4469806		16,862	RESEARCH
(111) Northeastern University 360 Huntington Ave 320RP Research Boston,MA02115	04-1679980	501c3	493,573	RESEARCH
(112) NorthStar Learning Centers Inc 53 Linden Street New Bedford,MA02740	51-0200575	501C3	12,860	RESEARCH
(113) Nova Southeastern University 3301 College Avenue CGA Manager Fort Lauderdale,FL33314	59-1083502	501C3	136,145	RESEARCH
(114) Ohio University PO Box 960 Office of the Bursar Floor 2 Athens,OH45701	31-6402113	501C3	13,877	RESEARCH
(115) OREGON HEALTH & SCIENCE UNIVERSITY 0690 SW Bancroft St/Code L106OPAM Portland,OR97239	93-1176109		58,928	RESEARCH
(116) OSU Oregon State University 312 Kerr Admin Building OSRAA Corvallis,OR97331	48-1278540	state of or	7,110	RESEARCH
(117) Pop Up Labs LLC 9 Anderson St Unit 5F 2nd Floor Suite 209 Boston,MA02114	46-4374482		23,405	RESEARCH
(118) President & Fellows of Harvard College PO Box 415649 Suite 100 Boston,MA02241	04-2103580	501c3	734,799	RESEARCH
(119) Propel Careers 1 Broadway 14th Floor CAMBRIDGE,MA02142	27-1093470		18,900	RESEARCH
(120) Quantitative Imaging Solutions LLC 179 Sheridan Street North Easton,MA02356	47-5176227		1,062,492	RESEARCH
(121) Rand Corporation FILE 53174 Office of Sponsored Acct LOS ANGELES,CA90074	95-1958142	501C3	26,719	RESEARCH
(122) Rector and Visitors of the Univ of VA PO Box 400195 Attn Office of Spon Charlottesville,VA22904	54-6001796	501C3	140,403	RESEARCH
(123) Regents of the Univ of CA 2195 Hearst Ave Room 130 MC 1103 Berkeley,CA94720	94-6002123	501C3	20,188	RESEARCH
(124) Regents of the Univ of CA San Diego 9500 Gillman Dr MC 0009 La Jolla,CA92093	95-6006144	501C3	40,796	RESEARCH
(125) Regents of the Univ of CA Santa Barbara SAASB Build Rm 1212 Cashiers Off Santa Barbara,CA93106	95-6006145	501C3	71,036	RESEARCH
(126) Regents of the Univ of CA Davis PO Box 989062 Cashiers Office West Sacramento,CA95798	94-6036494	501C3	859,381	RESEARCH
(127) Regents of the Univ of CA Riverside 900 University Ave UCR Cashiers Off Riverside,CA92521	95-6006142	501C3	11,890	RESEARCH
(128) Regents of The Univ of CA Santa Cruz 1156 High Street Santa Cruz,CA95064	94-1539563	501C3	41,885	RESEARCH
(129) Regents of the University of California 1855 Folsom Street Box 0812 San Francisco,CA94143	94-6036493	501C3	282,385	RESEARCH
(130) Regents of the University of CA Irvine 120 Theory Ste 200 Accouting Office Room B-46 Irvine,CA92697	95-2226406	501C3	35,962	RESEARCH
(131) Regents of the University of Colorado PO Box 910220 Sponsored Projects Ac 6210 Denver,CO80291	84-6000555	501C3	22,814	RESEARCH
(132) Regents of the University of Idaho 875 Perimeter Dr MS 3020 Office o Moscow,ID83844	82-6000945	STATE OF ID	79,874	RESEARCH
(133) Regents Univ of CA Los Angeles 405 Hilgard Ave Box 957089 1125 M Box 817 LOS ANGELES,CA90095	95-6006143	501c3	692,216	RESEARCH
(134) Rehabilitation Institute of Chicago 355 E Erie Chicago,IL60611	36-2256036	501C3	23,952	RESEARCH
(135) Rennie Center for Education Research 114 State Street Boston,MA02109	51-0548106	501C3	164,097	RESEARCH
(136) Research Foundation for SUNY P O Box 9 Albany,NY12201	14-1368361	STATE OF NY	202,222	RESEARCH
(137) Research Foundation of The City University 230 West 41st Street 7th Floor New York,NY10036	13-1988190	501c3	54,449	RESEARCH
(138) Research Triangle Institute PO Box 900002 Raleigh,NC27675	56-0686338	501C3	1,620,616	RESEARCH
(139) Riverside Community Care Inc 270 Bridge Street Suite 301 Dedham,MA02026	04-3097170	501C3	57,823	RESEARCH
(140) Rowan University 40E Laurel Rd UEC Build Ste1052 Stratford,NJ08084	22-2764819	STATE OF NJ	23,228	RESEARCH
(141) Rush University Medical Center 1700 W Van Buren Street 277 Chicago,IL60612	36-2174823	501c3	95,844	RESEARCH
(142) Rutgers The State University 33 Knightsbridge Road 2nd Floor G Piscataway,NJ08854	22-6001086	501C3	106,537	RESEARCH
(143) Salus University 8360 Old York Road MSC 09 5222 Elkins Park,PA19027	23-1413680	501C3	210,290	RESEARCH
(144) San Francisco State University 1600 Holloway Ave BO ADM155 San Francisco,CA94132	93-1137247	501C3	76,297	RESEARCH
(145) SEATTLE INST - BIOMEDICAL & CLINICAL RESEARCH 1660 S Columbian Way S-151F Seattle,WA98108	91-1452438	501C3	163,160	RESEARCH
(146) Sensimetrics Corporation 183 Main St Gloucester,MA01930	04-2973546		67,754	RESEARCH
(147) Seres Therapeutics Inc 200 Sidney Street 4th Floor CAMBRIDGE,MA02139	27-4326290		130,139	RESEARCH
(148) South Boston Community Health CenteR 409 West Broadway South Boston,MA02127	04-2682152	501C3	15,333	RESEARCH
(149) Southern Nevada Health District PO Box 3902 Las Vegas,NV89127	88-0151573	STATE OF NV	48,043	RESEARCH
(150) Southwest Louisiana AIDS Council 425 Kingsley St Lake Charles,LA70601	72-1115522	STATE OF LA	33,003	RESEARCH
(151) Specific Diagnostics LLC 500 Australian Ave S Ste 648 West Palm Beach,FL33401	45-2623441		131,261	RESEARCH
(152) Spero Therapeutics Inc 675 Massachusetts Ave 14th Floor RD MS 151 CAMBRIDGE,MA02139	46-4590683		1,026,799	RESEARCH
(153) State of Maryland 4101 Chesapeake Bldg Contract Gr College Park,MD20742	52-6002033	STATE OF MD	98,564	RESEARCH
(154) Syracuse University 640 Skytop Rd Skytop OffBuildSte122 Syracuse,NY13244	15-0532081	501c3	16,456	RESEARCH
(155) T2 Biosystems Inc 101 Hartwell Ave Lexington,MA02421	20-4827488		181,329	RESEARCH
(156) Technical Education Research Center 2067 Massachusetts Ave CAMBRIDGE,MA02140	04-6134355	501c3	9,979	RESEARCH
(157) Temple University of the Commonwealth PO Box 824242 Philadelphia,PA19182	23-1365971	501C3	309,860	RESEARCH
(158) Tetraphase Pharmaceuticals Inc 480 Arsenal Street Watertown,MA02472	20-5276217		556,272	RESEARCH
(159) The Aerospace Corporation PO Box 92957 General Acct M1/365 LOS ANGELES,CA900092957	95-2102389	501C3	74,074	RESEARCH
(160) The Board of Trustees of the UNIV OF AR 4301 West Markham Slot 560 Treasur Little Rock,AR72205	71-6046242	STATE OF AR	16,772	RESEARCH
(161) The Brigham & Womens Hospital Inc PO Box 3887 Bank of America NA Boston,MA02241	04-2312909	501c3	1,057,902	RESEARCH
(162) The Broad Institute Inc 415 Main Street NE30-7031 CAMBRIDGE,MA02142	26-3428781	501C3	610,331	RESEARCH
(163) The Childrens Hospital of Philadelphia Lockbox 1457 PO Box 8500 Philadelphia,PA19178	23-1352166	501C3	424,945	RESEARCH
(164) The General Hospital Corporation PO Box 3829 Boston,MA02241	04-2697983	501C3	3,277,327	RESEARCH
(165) The Geneva Foundation PO Box 84212 Seattle,WA98124	91-1593913	501C3	127,620	RESEARCH
(166) The George Washington University 45155 Research Pl Grants Contrac Ashburn,VA20147	53-0196584	501C3	45,884	RESEARCH
(167) The Henry M Jackson FDN - MILITARY MED 6720-A Rockledge Dr Suite 100 Bethesda,MD20817	52-1317896	501C3	46,613	RESEARCH
(168) The Learning Center for the Deaf INC 848 Central Street Framingham,MA01701	23-7064431	501C3	174,783	RESEARCH
(169) THE MASS INSTITUTE FOR A NEW COMMONWEALTH 11 Beacon Street Suite 500 Boston,MA02108	04-3271457	501C3	23,870	RESEARCH
(170) The McGregor Clinic Inc 3487 Broadway Fort Myers,FL33901	65-0922489	501C3	57,872	RESEARCH
(171) The McLean Hospital Corporation PO Box 3951 Boston,MA02241	04-2697981	501C3	135,294	RESEARCH
(172) The Mental Health Ctr of Greater Ma 401 Cypress Street Manchester,NH03103	02-0258994	501C3	45,250	RESEARCH
(173) The Pennsylvania State University 227 W Beaver Ave 401 Research Acct State College,PA16801	24-6000376	501C3	75,776	RESEARCH
(174) The Regents of the University of MI Box 223131 Pittsburgh,PA15251	38-6006309	501C3	154,295	RESEARCH
(175) The Rockville Institute A Research PO Box 1004 Rockville,MD20850	20-3332738	501C3	213,645	RESEARCH
(176) The Schepens Eye Research Institute 20 Staniford Street Boston,MA02114	04-2129889	501C3	44,771	RESEARCH
(177) The Scripps Research Institute 10550 North Torrey Pines Road La Jolla,CA92037	33-0435954	501C3	191,761	RESEARCH
(178) The Spaulding Rehabilitation Hospital 399 Revolution Dr 7th Fl Reser Mngt Somerville,MA02145	04-2551124	501C3	35,727	RESEARCH
(179) The Thacher School 5025 Thacher Road Ojai,CA93023	95-1642398	501C3	22,894	RESEARCH
(180) The Thresholds P O Box 87618 Dept 10371 Chicago,IL60680	36-2518901	501C3	41,231	RESEARCH
(181) The Trustees of Columbia University PO Box 29789 New York,NY10087	13-5598093	501C3	226,156	RESEARCH
(182) The Trustees of Princeton University 701 Carnegie Center Princeton,NJ08540	21-0634501	501C3	189,855	RESEARCH
(183) The Trustees of Purdue University 23510 Network Place AP SPS Chicago,IL60673	35-6002041	STATE OF IL	144,827	RESEARCH
(184) The University of Chicago 6054 So Drexel Ave Ste300 SAA FS Chicago,IL60637	36-2177139	501c3	105,601	RESEARCH
(185) The University of Iowa B5 Jessup Hall Grant Accounting Iowa City,IA52242	42-6004813	STATE OF IA	39,076	RESEARCH
(186) The University of South Carolina 1600 Hampton St Rm612 Contr/Grand Columbia,SC29208	57-6001153	501C3	8,591	RESEARCH
(187) The University of Texas at Austin P O Box 7159 Office of Accounting Austin,TX78713	74-6000203	STATE OF TX	551,840	RESEARCH
(188) Thomas Jefferson University 170S Independence MailW Ste925EBx21 Philadelphia,PA19106	23-1352651	501C3	217,914	RESEARCH
(189) Toxics Action Center Inc 294 Washington Street 500 Boston,MA02108	04-3211693	501C3	7,600	RESEARCH
(190) Treasurer State of Connecticut PO Box 1240 Middletown,CT06457	06-6000798	STATE OF CT	38,904	RESEARCH
(191) Trustees of Boston College 140 Commonwealth Ave OSP Chestnut Hill,MA02467	04-2103545	501c3	59,961	RESEARCH
(192) Trustees of Dartmouth College 11 Rope Ferry Rd 6210 Hanover,NH03755	02-0222111	501C3	153,898	RESEARCH
(193) Trustees of Tufts College 136 Harrison Ave Sponsored Program Boston,MA02111	04-2103634	501C3	153,584	RESEARCH
(194) University Corp for Atmospheric Research PO Box 3000 Attn Carrie Appel Boulder,CO80307	84-0412668	501C3	187,455	RESEARCH
(195) University of Alabama at Birmingham 1720 2nd Ave S AB 990 Grants Co Birmingham,AL35294	63-6005396	501C3	61,685	RESEARCH
(196) University of Connecticut 438 Whitney Rd Ext Unit1133 SPS Storrs,CT06269	06-0772160	STATE OF CT	118,646	RESEARCH
(197) University of Florida PO Box 113001 CFO Contracts Grant Gainesville,FL32611	59-6002052	STATE OF FL	35,113	RESEARCH
(198) University of Georgia Research Foundation 310 East Campus Rd Tucker HallRm411 Athens,GA30602	58-1353149	501c3	37,184	RESEARCH
(199) University of Kentucky Research Foundation P O Box 931113 Cleveland,OH44193	61-6033693	STATE OF OH	13,295	RESEARCH
(200) University of Louisiana at Lafayette PO Box 42570 SPFAC Acc Lafayette,LA70504	72-6000820	STATE OF LA	119,979	RESEARCH
(201) University of Massachusetts 55 Lake Avenue North Worcester,MA01655	04-3167352	STATE OF MA	607,436	RESEARCH
(202) University of Miami PO Box 405803 Office of Research Ad Atlanta,GA30384	59-0624458	501c3	11,981	RESEARCH
(203) University of New England 11 Hills Beach Rd Office of Fiscal Biddeford,ME04005	01-0211810	501C3	48,376	RESEARCH
(204) University of North Carolina - Chapel Hill PO Box 402420 Atlanta,GA30384	56-6001393	501c3	143,635	RESEARCH
(205) University of Northern Colorado 501 20th St Campus Bx 44 Matt Wills Greenly,CO80639	84-6000546	STATE OF CO	29,820	RESEARCH
(206) University of Notre Dame du Lac 836a Grace Hall RSPA Notre Dame,IN46556	35-0868188	501c3	22,230	RESEARCH
(207) UNIVERSITY OF PENNSYLVANIA PO Box 785541 Philadelphia,PA19178	23-1352685	501C3	380,737	RESEARCH
(208) University of Pittsburgh PO Box 371220 Pittsburgh,PA15251	25-0965591	STATE OF PA	233,741	RESEARCH
(209) University of Rochester 910 Genesee Street Suite 200 Rochester,NY14642	16-0743209	501C3	62,789	RESEARCH
(210) University of Texas at Dallas 800 W Campbell Rd AD37 Accounts Re Richardson,TX75080	75-1305566	501C3	97,258	RESEARCH
(211) UNIVERSITY OF TEXAS HEALTH SCIENCE PO Box 1898 San Antonio,TX78297	74-1586031	STATE OF TX	794,212	RESEARCH
(212) University of Texas Medical Branch PO Box 660120 Dept 750 Dallas,TX75266	74-6000949	STATE OF TX	5,511	RESEARCH
(213) University of Vermont & State Agriculture PO Box 1389 Williston,VT05495	03-0179440	501c3	308,767	RESEARCH
(214) University of Washington 12455 Collections Drive Chicago,IL60693	91-6001537	501C3	210,791	RESEARCH
(215) University of Wisconsin Drawer 538 GAR Acct Office for Re Milwaukee,WI53278	39-1805963	STATE OF WI	30,163	RESEARCH
(216) USGS National Center MS 270 12201 Sunrise Vly MS 270 6A224 Reston,VA20192	53-0196958	FEDERAL GOVT	8,939	RESEARCH
(217) UT MD Anderson Cancer Center PO Box 4390 Grants Contract Acct Houston,TX77210	74-6001118	STATE OF TX	235,774	RESEARCH
(218) VA Institute of Marine Science P O Box 1346 Gloucester Point,VA23062	54-6001802	STATE OF VA	38,060	RESEARCH
(219) Vanderbilt University Medical Center POB 121236 VUMC Finance Dept 1236 Dallas,TX75312	35-2528741	501c3	103,573	RESEARCH
(220) Vedanta Biosciences Inc 19 Blackstone Street CAMBRIDGE,MA02139	27-5440202		1,888,400	RESEARCH
(221) VenatoRx Pharmaceuticals Inc 30 Spring Mill Drive Malvern,PA19355	27-2782193		1,047,493	RESEARCH
(222) Veterans Medical Research Foundation 3350 La Jolla Village Drive 15A San Diego,CA92161	33-0189397		57,976	RESEARCH
(223) Virginia Commonwealth University Box 843039 Richmond,VA23284	54-6001758	501C3	63,281	RESEARCH
(224) Virginia Polytechnic Institute & St N End CtrSte 4200300 Turner St NW Blacksburg,VA24061	54-6001805	STATE OF VA	50,079	RESEARCH
(225) Visterra Inc One Kendall Square B3301 CAMBRIDGE,MA02139	32-0225657		322,954	RESEARCH
(226) Washington University 700 Rosedale Ave Campus Box 1034 S St Louis,MO63112	43-0653611	501c3	408,625	RESEARCH
(227) Weill Medical College of Cornell 575 Lexington Ave 9th Fl Research A New York,NY10022	13-1623978	501C3	7,483	RESEARCH
(228) Wellesley College 106 Central Street Wellesley,MA02481	04-2103637	501C3	51,189	RESEARCH
(229) Westat Inc PO Box 1004 Rockville,MD20850	84-0529566		430,566	RESEARCH
(230) William Marsh Rice University PO Box 1892 MS 74 Houston,TX77251	74-1109620	501c3	55,861	RESEARCH
(231) Windsor Hospital Corporation 289 County Road Windsor,VT05089	03-0183721	501C3	13,696	RESEARCH
(232) Woods Hole Oceanographic Institutio 569 Woods Hole Road MS14 Acct Rec Woods Hole,MA02543	04-2105850	501C3	418,798	RESEARCH
(233) Yale University PO Box 1873 New Haven,CT06508	06-0646973	501C3	662,513	RESEARCH
(234) Yeshiva University 1300 Morris Park Ave Belfer 1108 Bronx,NY10461	13-1624225	501C3	249,095	RESEARCH

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

200

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

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) TUITION AND STIPEND FOR STUDENT & POST-DOC	17754	22,911,917	398,714,280	COST	TUITION OFFSET
(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

SCHEDULE I, PART I, LINE 2

THE UNIVERSITY ASSIGNS RESPONSIBILITY FOR MONITORING THE USE OF RESEARCH FUNDS TO THE OFFICE OF POST AWARD FINANCIAL OPERATIONS. THIS OFFICE MONITORS ALL DOMESTIC SUBRECIPIENT GRANT MAKING ACTIVITY, INCLUDING COMPLIANCE WITH ALL APPLICABLE REGULATIONS. WHEN APPROVING INVOICE PAYMENTS CHARGED TO RESEARCH GRANTS, THE VALIDITY OF EXPENSES AND THE ACHIEVEMENT OF SCIENTIFIC AND TECHNICAL PROGRESS ARE VERIFIED BY THE PRINCIPAL INVESTIGATOR OR HIS/HER DESIGNEE. Schedule I, Part III BOSTON UNIVERSITY SCHOOLS, COLLEGES, AND THE OFFICE OF FINANCIAL ASSISTANCE MAKE EVERY EFFORT TO ASSIST STUDENTS WITH CALCULATED FINANCIAL ELIGIBILITY AND HIGH ACADEMIC ACHIEVEMENT, MEASURED AGAINST THE CREDENTIALS OF OTHER ACCEPTED STUDENTS. A STUDENT'S ACADEMIC RECORD IS AN IMPORTANT FACTOR IN DETERMINING ELIGIBILITY FOR BOSTON UNIVERSITY SCHOLARSHIPS AND NEED-BASED GRANTS. KEY INDICATORS SUCH AS HIGH SCHOOL GRADE POINT AVERAGE (GPA), RANK IN CLASS, AND STANDARDIZED TEST SCORES ARE CONSIDERED, AS WELL AS THE STRENGTH OF THE STUDENT'S ACADEMIC PROGRAM AND EXTRACURRICULAR ACTIVITIES.

Schedule I (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

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

Complete if the organization answered "Yes" 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

Trustees of Boston University

Employer identification number

04-2103547

Part I

Questions Regarding Compensation

Yes

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

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

Travel for companions Payments for business use of personal residence

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

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

If any of the boxes 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 .........

Yes

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

Yes

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

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

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

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

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

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

Yes

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

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

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

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

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

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

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

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:

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

Yes

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

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

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 ............

Yes

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 ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

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

Cat. No. 50053T

Schedule J (Form 990) 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
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1ROBERT A BROWN PRESIDENT	(i) (ii)	1,062,008 ------------- 0	0 ------------- 0	342,341 ------------- 0	195,283 ------------- 0	265,315 ------------- 0	1,864,947 ------------- 0	130,313 ------------- 0
2J ROBB DIXON TRUSTEE & PROF (UNTIL 5-31-18)	(i) (ii)	166,241 -------------	-------------	13,939 -------------	23,521 ------------- 0	7,890 ------------- 0	211,591 ------------- 0	0 ------------- 0
3CATALDO W LEONE TRUSTEE & PROF (AS OF 6-1-18)	(i) (ii)	216,773 -------------	-------------	57,929 -------------	35,960 ------------- 0	27,656 ------------- 0	338,318 ------------- 0	0 ------------- 0
4MARTIN J HOWARD SR VP, CFO, & TREASURER	(i) (ii)	507,536 -------------	-------------	3,714 -------------	35,960 ------------- 0	80,336 ------------- 0	627,546 ------------- 0	0 ------------- 0
5TODD L C KLIPP SR VP, SR COUNSEL, & SECRETARY	(i) (ii)	400,307 -------------	-------------	79,857 -------------	35,960 ------------- 0	18,865 ------------- 0	534,989 ------------- 0	0 ------------- 0
6JEAN MORRISON UNIVERSITY PROVOST	(i) (ii)	738,443 -------------	-------------	3,586 -------------	87,585 ------------- 0	168,440 ------------- 0	998,054 ------------- 0	0 ------------- 0
7KAREN H ANTMAN MEDICAL CAMPUS PROVOST	(i) (ii)	868,750 -------------	-------------	7,846 -------------	35,960 ------------- 0	686 ------------- 0	913,242 ------------- 0	0 ------------- 0
8GARY W NICKSA SR VP FOR OPERATIONS	(i) (ii)	524,307 -------------	-------------	3,841 -------------	35,960 ------------- 0	24,585 ------------- 0	588,693 ------------- 0	0 ------------- 0
9TONY TANNOURY PROFESSOR & PHYSICIAN	(i) (ii)	------------- 861,818	-------------	------------- 1,208,828	0 ------------- 30,560	0 ------------- 94,331	0 ------------- 2,195,537	0 ------------- 0
10PUSHKAR MEHRA PROFESSOR & ORAL SURGEON	(i) (ii)	446,090 -------------	694,919 -------------	133,996 -------------	30,560 ------------- 0	30,505 ------------- 0	1,336,070 ------------- 0	0 ------------- 0
11WILLIAM CREEVY PROFESSOR & PHYSICIAN	(i) (ii)	0 ------------- 529,256	0 ------------- 141,855	0 ------------- 411,546	0 ------------- 35,960	0 ------------- 25,948	0 ------------- 1,144,565	0 ------------- 0
12CLARISSA HUNNEWELL CHIEF INVESTMENT OFFICER	(i) (ii)	646,730 -------------	420,034 -------------	3,078 -------------	35,960 ------------- 0	774 ------------- 0	1,106,576 ------------- 0	0 ------------- 0
13PAUL TORNETTA III PROFESSOR & PHYSICIAN	(i) (ii)	------------- 552,945	-------------	------------- 386,944	0 ------------- 35,960	0 ------------- 8,947	0 ------------- 984,796	0 ------------- 0

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
SCHEDULE J, PART I	TONY TANNOURY, WILLIAM CREEVY, AND PAUL TORNETTA III ARE COMPENSATED UNDER A COMMON PAYMASTER AGREEMENT FOR THEIR CLINICAL WORK AT BOSTON MEDICAL CENTER. PUSHKAR MEHRA IS COMPENSATED THROUGH BOSTON UNIVERSITY'S HENRY M. GOLDMAN SCHOOL OF DENTAL MEDICINE (GDSM) DEPARTMENT OF ORAL & MAXILLOFACIAL SURGERY GROUP FOR HIS CLINICAL WORK AT A GDSM PATIENT TREATMENT CENTER, THE BETH ISRAEL DEACONESS MEDICAL CENTER, INC., AND BOSTON MEDICAL CENTER.
SCHEDULE J, PART I, LINE 1A	(1) HOUSING ALLOWANCE: AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, PRESIDENT ROBERT BROWN AND PROVOST JEAN MORRISON WERE BOTH REQUIRED TO LIVE IN UNIVERSITY RESIDENCES. AMOUNTS REPORTED IN COLUMN D INCLUDE, IN ADDITION TO OTHER NON-TAXABLE BENEFITS, THE ESTIMATED FAIR MARKET RENTAL VALUE OF THE UNIVERSITY-PROVIDED RESIDENCE, BASED UPON AN INDEPENDENT OPINION OF VALUE AND WITHOUT ANY ALLOCATION OR REDUCTION FOR UNIVERSITY USE OF THE PREMISES, FOR PRESIDENT BROWN ($246,191) AND PROVOST MORRISON ($143,271). (2) FIRST-CLASS TRAVEL: IN ACCORDANCE WITH THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES, ALL EMPLOYEES ARE REIMBURSED FOR ECONOMY AIRFARE. EXCEPTIONS FOR TRAVEL INVOLVING AN EXTENDED PERIOD OF TIME ARE PERMITTED IN ACCORDANCE WITH THE TERMS OF THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES. THE PRESIDENT'S EMPLOYMENT AGREEMENT ALLOWS FOR FIRST-CLASS TRAVEL. TRAVEL FOR BUSINESS PURPOSES, INCLUDING FIRST-CLASS TRAVEL, IS NOT INCLUDED IN TAXABLE WAGES. THE PRESIDENT AND PROVOST MORRISON ARE THE ONLY INDIVIDUALS REPORTED ON FORM 990, PART VII WHO TRAVELED FIRST-CLASS DURING CALENDAR YEAR 2017. (3) TRAVEL FOR COMPANIONS: IN ACCORDANCE WITH THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES, BOSTON UNIVERSITY ALLOWS COMPANION TRAVEL FOR BONA FIDE BUSINESS PURPOSES. ALL SUCH CASES REQUIRE THE PRIOR WRITTEN APPROVAL OF AN AUTHORIZED SENIOR EXECUTIVE. THE PRESIDENT'S EMPLOYMENT AGREEMENT ALLOWS FOR SPOUSAL TRAVEL. COMPANION TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. THE PRESIDENT IS THE ONLY INDIVIDUAL REPORTED ON FORM 990, PART VII WHO UTILIZED COMPANION TRAVEL DURING CALENDAR YEAR 2017. (4) TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: FROM TIME TO TIME, BOSTON UNIVERSITY MAY PROVIDE CERTAIN PAYMENTS THAT HAVE BEEN GROSSED-UP FOR TAX PURPOSES. ALL SUCH CASES INVOLVING THE UNIVERSITY'S SENIOR EXECUTIVES REQUIRE THE APPROVAL OF THE BOARD OF TRUSTEES. FOR CALENDAR YEAR 2017, NO INDIVIDUAL REPORTED ON FORM 990, PART VII RECEIVED THIS BENEFIT.
SCHEDULE J, PART I, LINE 4B	(1) UNDER A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, ON JULY 31, 2017, PRESIDENT BROWN RECEIVED AN AMOUNT EQUAL TO 30% OF HIS BASE SALARY FOR THE PRECEDING 12-MONTH PERIOD. THIS AMOUNT WAS SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS AS WELL AS A SUBSTANTIAL RISK OF FORFEITURE UNTIL THAT DATE. UPON VESTING, SUPPLEMENTAL RETIREMENT PLAN COMPENSATION OF $314,000 WAS DISTRIBUTED TO PRESIDENT BROWN IN CALENDAR YEAR 2017 AND IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION. THE PORTION OF THE AMOUNT DISTRIBUTED WHICH WAS PREVIOUSLY REPORTED AS RETIREMENT AND OTHER DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C OF PRIOR FORMS 990 IS $130,313. THIS AMOUNT IS THEREFORE REPORTED ON THIS YEAR'S SCHEDULE J, PART II, COLUMN F. UNDER THE SAME SUPPLEMENTAL RETIREMENT PLAN, ON July 31, 2018, PRESIDENT BROWN WAS TO BECOME ENTITLED TO RECEIVE AN AMOUNT EQUAL TO 35% OF HIS BASE SALARY FOR THE PRECEDING 12-MONTH PERIOD. PRESIDENT BROWN'S RIGHT TO SUCH PAYMENT WAS SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS AS WELL AS A SUBSTANTIAL RISK OF FORFEITURE UNTIL THAT DATE. ACCORDINGLY, SUPPLEMENTAL RETIREMENT PLAN COMPENSATION OF $159,323 WAS ACCRUED FOR PRESIDENT BROWN IN CALENDAR YEAR 2017 AND IS REPORTED ON SCHEDULE J, PART II, COLUMN C AS RETIREMENT AND OTHER DEFERRED COMPENSATION. (2) UNDER A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN, ON JUNE 30, 2018, PROVOST MORRISON RECEIVED A CREDIT OF $103,250 THAT ACCRUED DURING THE PRECEDING 12-MONTH PERIOD. SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS, PROVOST MORRISON'S RIGHTS IN THE PLAN WILL BECOME VESTED ON JULY 1, 2020 AND ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL THAT DATE. ACCORDINGLY, DEFERRED COMPENSATION OF $51,625 WAS ACCRUED FOR PROVOST MORRISON IN CALENDAR YEAR 2017 AND IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, COLUMN C AS RETIREMENT AND OTHER DEFERRED COMPENSATION. (3) AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION ALSO INCLUDE CONTRIBUTIONS MADE BY THE UNIVERSITY IN CALENDAR YEAR 2017 TO AN IRC SECTION 457(B) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO PROVIDE FUTURE RETIREMENT BENEFITS TO PRESIDENT BROWN AND TODD KLIPP. (4) THE UNIVERSITY SPONSORS AN EMPLOYEE DEATH BENEFIT PLAN FUNDED WITH SPLIT-DOLLAR LIFE INSURANCE POLICIES FOR CERTAIN OFFICERS AND KEY EMPLOYEES. THE SPLIT-DOLLAR ARRANGEMENT IS PART OF THE UNIVERSITY'S EMPLOYEE BENEFIT PROGRAM, AND ECONOMICALLY NOT A DIRECT EXTENSION OF CREDIT. DURING CALENDAR YEAR 2017, A PORTION OF THE COLLATERAL ASSIGNMENT FOR A SPLIT DOLLAR POLICY HELD BY TODD KLIPP, GENERAL COUNSEL AND SECRETARY TO THE BOARD OF TRUSTEES, WAS RELEASED, RESULTING IN TAXABLE INCOME TO HIM OF $53,111. THE COST OF THE ANNUAL DEATH BENEFIT PROTECTION FOR MR. KLIPP AND THE VALUE OF THE RELEASE OF ASSIGNMENT ARE BOTH REPORTED IN SCHEDULE J, PART (B) (III) AS OTHER REPORTABLE COMPENSATION. (5) The University also offers an additional employee benefit program for certain executives funded with split dollar life insurance policies. Under this program, as long as the separation is not for cause and is not due to death but is voluntary, the assets are transferred in full and the value of the assets transferred would be reported as wages on the employees W-2. No assets were transferred under this program during calendar 2017.
SCHEDULE J, PART I, LINE 6A	A PORTION OF PUSHKAR MEHRA'S COMPENSATION (AS REPORTED IN SCHEDULE J, PART II, COLUMN B(II)) IS BASED ON A PERCENTAGE OF BOSTON UNIVERSITY'S HENRY M. GOLDMAN SCHOOL OF DENTAL MEDICINE ORAL MAXILLOFACIAL SURGERY GROUP REVENUES LESS OPERATING EXPENSES.
SCHEDULE J, PART I LINE 7	AS THE UNIVERSITY'S CHIEF INVESTMENT OFFICER, CLARISSA HUNNEWELL IS ELIGIBLE FOR INCENTIVE COMPENSATION, IN THE DISCRETION OF THE BOARD OF TRUSTEES, BASED IN PART UPON HER SUCCESS IN ACHIEVING CERTAIN PERFORMANCE BENCHMARKS. THIS IS A COMMON COMPONENT OF THE COMPENSATION PACKAGE FOR SUCH POSITIONS.
SCHEDULE J, PART II	THIS SCHEDULE INCLUDES EACH OF THE UNIVERSITY'S CURRENT AND FORMER OFFICERS, TRUSTEES, KEY EMPLOYEES, AND FIVE MOST HIGHLY COMPENSATED EMPLOYEES FOR WHOM THE SUM OF CALENDAR YEAR 2017 REPORTABLE COMPENSATION AND OTHER COMPENSATION FROM THE ORGANIZATION AND RELATED ENTITIES WAS GREATER THAN $150,000.

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

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.
SchKMediumBullet

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
Trustees of Boston University

Employer identification number
04-2103547

Part Ⅰ

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	MASS DEV FIN AGENCY - SERIES AA-1 AND AA-2	04-3431814	000000000	09-30-2015	162,740,000	REFUNDING 2005 BOND ISSUE		X		X		X
B	MASS DEV FIN AGENCY- SERIES U1 U2 U3 U4 U5 U6	04-3431814	57583RWD3	05-15-2008	536,365,000	PARTIAL REF/CAP PROJ/PROP ACQ	X			X		X
C	MASS DEV FIN AGENCY-SER BB-1 BB-2 BB-3(2016)	04-3431814	57584XWV9	11-08-2016	231,838,996	CAP PROJ/ADV REF 2008 & 2009 BONDS		X		X		X
D	MASS DEV FIN AGENCY - SERIES X (2013)	04-3431814	57583UVL9	04-30-2013	120,736,790	CAPITAL PROJECTS		X		X		X
	(2) MASS DEV FIN AGENCY-SER Y Z-1 AND Z-2(2014)	04-3431814	57583UL89	09-30-2014	108,370,000	REFUNDING 2004 & 2009 BOND ISSUES		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	0		92,675,000		0		0
2 Amount of bonds legally defeased ..............	0		50,000,000		0		0
3 Total proceeds of issue ..................	162,740,000		539,836,174		232,685,544		120,780,965
4 Gross proceeds in reserve funds .............	0		0		0		0
5 Capitalized interest from proceeds .............	0		0		0		0
6 Proceeds in refunding escrows ...............	0		0		0		734,856
7 Issuance costs from proceeds ...............	0		863,269		1,035,243		0
8 Credit enhancement from proceeds .............	0		727,358		0		0
9 Working capital expenditures from proceeds .............	0		0		0		0
10 Capital expenditures from proceeds .............	0		202,745,547		101,158,393		120,046,109
11 Other spent proceeds .............	162,740,000		335,500,000		105,744,237		0
12 Other unspent proceeds .............	0		0		24,747,672		0
13 Year of substantial completion .............			2012				2015
	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

Part Ⅲ

Private Business Use

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

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

Cat. No. 50193E

Schedule K (Form 990) 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		X		X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X		X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............	X		X		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?	X		X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	1.393 %		0.559 %		0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........
6 Total of lines 4 and 5 .............	1.393 %		0.559 %
7 Does the bond issue meet the private security or payment test? ...		X		X		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............		X		X		X		X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X		X		X		X

Part Ⅳ

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X		X		X		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X		X	X		X
b Exception to rebate? ........		X		X		X		X
c No rebate due? .........	X		X			X		X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....	X		X			X		X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X	X			X		X
b Name of provider ..........	0		SEE PART VI		0		0
c Term of hedge .........	25 %
d Was the hedge superintegrated? ......		X		X		X		X
e Was the hedge terminated? ........		X		X		X		X

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
SCHEDULE K, PART I, LINE A	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA) SERIES AA-1 AND AA-2 BONDS IN THE AMOUNT OF $162,740,000 WERE ISSUED TO CURRENTLY REFUND MDFA SERIES T1 BOND OF THE SAME AMOUNT. SCHEDULE K, PART I, LINE B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA) - SERIES U-1, U-2, U-3, U-4, U-5, AND U-6 BONDS IN THE AMOUNT $536,365,000 WERE ISSUED TO CURRENTLY REFUND MDFA SERIES R AND MASSACHUSETTS HEFA SERIES Q BONDS IN THE AMOUNT OF $336,365,000. THE BALANCE OF SERIES U PROCEEDS IN THE AMOUNT OF $200,000,000 WERE NEW MONEY BONDS.
SCHEDULE K, PART I, LINE C	MDFA SERIES BB-1, BB-2, AND BB-3 BONDS IN THE AMOUNT OF $231,838,996 WERE ISSUED TO ADVANCE REFUND AND ULTIMATELY LEGALLY DEFEASED MDFA SERIES U-4, ORIGINALLY ISSUED IN 2008, IN THE AMOUNT OF $50,000,000 AND MDFA SERIES V-1, ORIGINALLY ISSUED IN 2009, IN THE AMOUNT OF $44,000,000. PROCEEDS OF MDFA SERIES BB-1 IN THE AMOUNT OF $125,603,699 WERE NEW MONEY BONDS.
SCHEDULE K, PART II, LINE 3, COLUMNS B-D	COLUMN B: TOTAL PROCEEDS OF $539,836,174 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $536,365,000 AND INVESTMENT EARNINGS TOTALING $3,471,174. COLUMN C: TOTAL PROCEEDS OF $232,685,544 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $231,838,996 AND INVESTMENT EARNINGS TOTALING $846,548. COLUMN D: TOTAL PROCEEDS OF $120,780,965 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $120,736,790 AND INVESTMENT EARNINGS TOTALING $44,175. SCHEDULE K, PART II, LINE 7, COLUMNS B-D COLUMN B: COST OF ISSUANCE IN THE AMOUNT OF $863,269 IS COMPRISED OF ISSUANCE COSTS TOTALING $364,667 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $498,602. COLUMN C: COST OF ISSUANCE IN THE AMOUNT OF $1,035,243 IS COMPRISED OF ISSUANCE COSTS TOTALING $607,924 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $427,319. COLUMN D: COST OF ISSUANCE IN THE AMOUNT OF $734,856 IS COMPRISED OF ISSUANCE COSTS TOTALING $434,529 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $300,327.
SCHEDULE K, PART III, LINES 4 & 5, COLUMNS A-D (INCLUDING SERIES Y)	THE UNIVERSITY FINANCES CAPITAL PROJECTS WITH BOTH EQUITY AND DEBT AND MADE A TIMELY ELECTION TO ALLOCATE EQUITY PROCEEDS TO ANY PRIVATE BUSINESS USE FOR THE REFERENCED DEBT ISSUES. IF PRIVATE BUSINESS USE FOR THE REFERENCED DEBT ISSUES DOES NOT EXCEED THE EQUITY ALLOCATION, THE PRIVATE BUSINESS USE IS REPORTED AS 0.00%.
SCHEDULE K, PART IV, LINE 2C	THE REBATE COMPUTATION FOR MDFA SERIES T1 BOND, WHICH WAS REFUNDED BY MDFA SERIES AA-1 AND AA-2 BONDS, WAS PERFORMED IN JUNE 2010. THE REBATE COMPUTATION FOR THE SERIES U-1, U-2, U-3, U-4, U-5, AND U-6 BONDS WAS PERFORMED IN MAY 2013. SCHEDULE K, PART IV, LINES 4A & 4B, COLUMN B THE HEDGES THAT ARE ALL OR IN PART IDENTIFIED WITH MDFA SERIES U-1, U-2, U-3, U-4, U-5 AND U-6 BONDS ARE AS FOLLOWS: WELLS FARGO: 30 YEARS, GOLDMAN SACHS: 20-33 YEARS, MERRILL LYNCH: 33-34 YEARS, AND DEUTSCHE BANK: 34 YEARS.
SCHEDULE K, PART IV, LINE 6, COLUMNS A-B	UNSPENT PROCEEDS THAT WERE NOT DRAWN FOR CAPITAL EXPENDITURES DURING THE PRESCRIBED AVAILABLE TEMPORARY PERIOD WERE NOT INVESTED ABOVE THE BOND YIELD.
SCHEDULE K, PART I, LINE A(2)	MFDA SERIES Y, Z-1, AND Z-2 BONDS WERE ISSUED TO CURRENTLY REFUND MDFA SERIES S BOND IN THE AMOUNT OF $35,000,000 AND MDFA SERIES V-2 AND V-3 BONDS IN THE AMOUNT OF $73,370,000.
SCHEDULE K, PART IV, LINE 2B, COLUMN A(2)	THE PROCEEDS OF MDFA SERIES Y, OF WHICH 100 PERCENT WERE SPENT TO FINANCE CONSTRUCTION EXPENDITURES, WERE SPENT WITHIN TWO YEARS OF THE BOND ISSUANCE DATE. THEREFORE, THIS BOND ISSUANCE QUALIFIED FOR AN EXCEPTION TO REBATE UNDER INTERNAL REVENUE CODE SECTION 148(F)(4)(C).

Schedule K (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

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

Attach to Form 990.
SchKMediumBullet

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
Trustees of Boston University

Employer identification number
04-2103547

Part Ⅰ

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	MASS DEV FIN AGENCY - SERIES AA-1 AND AA-2	04-3431814	000000000	09-30-2015	162,740,000	REFUNDING 2005 BOND ISSUE		X		X		X
B	MASS DEV FIN AGENCY- SERIES U1 U2 U3 U4 U5 U6	04-3431814	57583RWD3	05-15-2008	536,365,000	PARTIAL REF/CAP PROJ/PROP ACQ	X			X		X
C	MASS DEV FIN AGENCY-SER BB-1 BB-2 BB-3(2016)	04-3431814	57584XWV9	11-08-2016	231,838,996	CAP PROJ/ADV REF 2008 & 2009 BONDS		X		X		X
D	MASS DEV FIN AGENCY - SERIES X (2013)	04-3431814	57583UVL9	04-30-2013	120,736,790	CAPITAL PROJECTS		X		X		X
	(2) MASS DEV FIN AGENCY-SER Y Z-1 AND Z-2(2014)	04-3431814	57583UL89	09-30-2014	108,370,000	REFUNDING 2004 & 2009 BOND ISSUES		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	0		92,675,000		0		0
2 Amount of bonds legally defeased ..............	0		50,000,000		0		0
3 Total proceeds of issue ..................	162,740,000		539,836,174		232,685,544		120,780,965
4 Gross proceeds in reserve funds .............	0		0		0		0
5 Capitalized interest from proceeds .............	0		0		0		0
6 Proceeds in refunding escrows ...............	0		0		0		734,856
7 Issuance costs from proceeds ...............	0		863,269		1,035,243		0
8 Credit enhancement from proceeds .............	0		727,358		0		0
9 Working capital expenditures from proceeds .............	0		0		0		0
10 Capital expenditures from proceeds .............	0		202,745,547		101,158,393		120,046,109
11 Other spent proceeds .............	162,740,000		335,500,000		105,744,237		0
12 Other unspent proceeds .............	0		0		24,747,672		0
13 Year of substantial completion .............			2012				2015
	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

Part Ⅲ

Private Business Use

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

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

Cat. No. 50193E

Schedule K (Form 990) 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		X		X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X		X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............	X		X		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?	X		X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	1.393 %		0.559 %		0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........
6 Total of lines 4 and 5 .............	1.393 %		0.559 %
7 Does the bond issue meet the private security or payment test? ...		X		X		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............		X		X		X		X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X		X		X		X

Part Ⅳ

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X		X		X		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X		X	X		X
b Exception to rebate? ........		X		X		X		X
c No rebate due? .........	X		X			X		X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....	X		X			X		X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X	X			X		X
b Name of provider ..........	0		SEE PART VI		0		0
c Term of hedge .........	25 %
d Was the hedge superintegrated? ......		X		X		X		X
e Was the hedge terminated? ........		X		X		X		X

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
SCHEDULE K, PART I, LINE A	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA) SERIES AA-1 AND AA-2 BONDS IN THE AMOUNT OF $162,740,000 WERE ISSUED TO CURRENTLY REFUND MDFA SERIES T1 BOND OF THE SAME AMOUNT. SCHEDULE K, PART I, LINE B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA) - SERIES U-1, U-2, U-3, U-4, U-5, AND U-6 BONDS IN THE AMOUNT $536,365,000 WERE ISSUED TO CURRENTLY REFUND MDFA SERIES R AND MASSACHUSETTS HEFA SERIES Q BONDS IN THE AMOUNT OF $336,365,000. THE BALANCE OF SERIES U PROCEEDS IN THE AMOUNT OF $200,000,000 WERE NEW MONEY BONDS.
SCHEDULE K, PART I, LINE C	MDFA SERIES BB-1, BB-2, AND BB-3 BONDS IN THE AMOUNT OF $231,838,996 WERE ISSUED TO ADVANCE REFUND AND ULTIMATELY LEGALLY DEFEASED MDFA SERIES U-4, ORIGINALLY ISSUED IN 2008, IN THE AMOUNT OF $50,000,000 AND MDFA SERIES V-1, ORIGINALLY ISSUED IN 2009, IN THE AMOUNT OF $44,000,000. PROCEEDS OF MDFA SERIES BB-1 IN THE AMOUNT OF $125,603,699 WERE NEW MONEY BONDS.
SCHEDULE K, PART II, LINE 3, COLUMNS B-D	COLUMN B: TOTAL PROCEEDS OF $539,836,174 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $536,365,000 AND INVESTMENT EARNINGS TOTALING $3,471,174. COLUMN C: TOTAL PROCEEDS OF $232,685,544 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $231,838,996 AND INVESTMENT EARNINGS TOTALING $846,548. COLUMN D: TOTAL PROCEEDS OF $120,780,965 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $120,736,790 AND INVESTMENT EARNINGS TOTALING $44,175. SCHEDULE K, PART II, LINE 7, COLUMNS B-D COLUMN B: COST OF ISSUANCE IN THE AMOUNT OF $863,269 IS COMPRISED OF ISSUANCE COSTS TOTALING $364,667 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $498,602. COLUMN C: COST OF ISSUANCE IN THE AMOUNT OF $1,035,243 IS COMPRISED OF ISSUANCE COSTS TOTALING $607,924 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $427,319. COLUMN D: COST OF ISSUANCE IN THE AMOUNT OF $734,856 IS COMPRISED OF ISSUANCE COSTS TOTALING $434,529 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $300,327.
SCHEDULE K, PART III, LINES 4 & 5, COLUMNS A-D (INCLUDING SERIES Y)	THE UNIVERSITY FINANCES CAPITAL PROJECTS WITH BOTH EQUITY AND DEBT AND MADE A TIMELY ELECTION TO ALLOCATE EQUITY PROCEEDS TO ANY PRIVATE BUSINESS USE FOR THE REFERENCED DEBT ISSUES. IF PRIVATE BUSINESS USE FOR THE REFERENCED DEBT ISSUES DOES NOT EXCEED THE EQUITY ALLOCATION, THE PRIVATE BUSINESS USE IS REPORTED AS 0.00%.
SCHEDULE K, PART IV, LINE 2C	THE REBATE COMPUTATION FOR MDFA SERIES T1 BOND, WHICH WAS REFUNDED BY MDFA SERIES AA-1 AND AA-2 BONDS, WAS PERFORMED IN JUNE 2010. THE REBATE COMPUTATION FOR THE SERIES U-1, U-2, U-3, U-4, U-5, AND U-6 BONDS WAS PERFORMED IN MAY 2013. SCHEDULE K, PART IV, LINES 4A & 4B, COLUMN B THE HEDGES THAT ARE ALL OR IN PART IDENTIFIED WITH MDFA SERIES U-1, U-2, U-3, U-4, U-5 AND U-6 BONDS ARE AS FOLLOWS: WELLS FARGO: 30 YEARS, GOLDMAN SACHS: 20-33 YEARS, MERRILL LYNCH: 33-34 YEARS, AND DEUTSCHE BANK: 34 YEARS.
SCHEDULE K, PART IV, LINE 6, COLUMNS A-B	UNSPENT PROCEEDS THAT WERE NOT DRAWN FOR CAPITAL EXPENDITURES DURING THE PRESCRIBED AVAILABLE TEMPORARY PERIOD WERE NOT INVESTED ABOVE THE BOND YIELD.
SCHEDULE K, PART I, LINE A(2)	MFDA SERIES Y, Z-1, AND Z-2 BONDS WERE ISSUED TO CURRENTLY REFUND MDFA SERIES S BOND IN THE AMOUNT OF $35,000,000 AND MDFA SERIES V-2 AND V-3 BONDS IN THE AMOUNT OF $73,370,000.
SCHEDULE K, PART IV, LINE 2B, COLUMN A(2)	THE PROCEEDS OF MDFA SERIES Y, OF WHICH 100 PERCENT WERE SPENT TO FINANCE CONSTRUCTION EXPENDITURES, WERE SPENT WITHIN TWO YEARS OF THE BOND ISSUANCE DATE. THEREFORE, THIS BOND ISSUANCE QUALIFIED FOR AN EXCEPTION TO REBATE UNDER INTERNAL REVENUE CODE SECTION 148(F)(4)(C).

Schedule K (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

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

Attach to Form 990 or Form 990-EZ.
MediumBullet

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

Trustees of Boston University

Employer identification number

04-2103547

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

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

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

Part II

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

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






Total ............... $						0

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

Page 2

Part IV

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

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) FELD ENTERTAINMENT INC	SEE PART V	833,015	SEE PART V	Yes
(2) J LAWFORD ANDERSON	SEE PART V	165,581	EMPLOYMENT COMPENSATION		No
(3) KEITH A BROWN	SEE PART V	133,493	EMPLOYMENT COMPENSATION		No

Part V

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

Return Reference

Explanation

SCHEDULE L, PART IV, LINE 1

(B) TRUSTEE KENNETH J. FELD IS THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF FELD ENTERTAINMENT, INC. (D) THE TRANSACTION AMOUNT IN COLUMN (C) REPRESENTS PAYMENTS FOR LIVE SHOW PRODUCTIONS BY FELD ENTERTAINMENT, INC. AT AGGANIS ARENA THAT ARE OPEN TO THE PUBLIC AND FOR WHICH ADMISSION IS CHARGED. SCHEDULE L, PART IV, LINE 2 (B) FAMILY MEMBER OF UNIVERSITY PROVOST JEAN MORRISON. SCHEDULE L, PART IV, LINE 3 (B) FAMILY MEMBER OF PRESIDENT ROBERT BROWN.

Schedule L (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

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

Attach to Form 990.
Right pointing arrow large image

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

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

Trustees of Boston University

Employer identification number

04-2103547

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	2	3,500	INDEP. APPRAISAL
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..	X	1,743	1,050,406	NET PROCEEDS
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	315	14,154,659	MEAN PRICE ON DATE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....	X	1	2,000	INDEP. APPRAISAL
19 Food inventory ...	X	1	180	INDEP. APPRAISAL
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( OTHER- EQUIP. - MED, RESEARCH, EDU )	X	5	252,363	INDEP. APPRAISAL
26 Other ( OTHER - EVENT SUPPORT )	X	7	17,231	EVENT SUPPORT COST
27 Other ( OTHER - MISCELLANEOUS )	X	2	1	INDEP. APPRAISAL
28 Other ( )

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

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

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

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

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

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

32a

Yes

If "Yes," describe in Part II.

If the organization 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)

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, PART I

THE AMOUNTS LISTED IN COLUMN (B) OF SCHEDULE M PART I REPRESENT NUMBER OF ITEMS CONTRIBUTED.

SCHEDULE M, PART I, LINE 32B

THE UNIVERSITY USES A TRADING BROKERAGE ACCOUNT AT NORTHERN TRUST TO RECEIVE AND SELL GIFTS OF MARKETABLE SECURITIES. THE BANK CHARGES THE UNIVERSITY A COMMISSION WHEN EACH SECURITY IS SOLD. THE UNIVERSITY THROUGH ITS RADIO STATION WBUR USES CHARITABLE ADULT RIDES & SERVICES, INC. (CARS) TO ACCEPT AND SELL DONATED VEHICLES ON BEHALF OF WBUR. PROCEEDS ARE SHARED BETWEEN WBUR AND CARS BASED ON AN AGREED UPON AMOUNT PER VEHICLE WHEN IT IS SOLD.

Schedule M (Form 990) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

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

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

Trustees of Boston University

Employer identification number

04-2103547

Return Reference	Explanation
ORGANIZATION'S MISSION	FORM 990, PART I, LINE 1 & PART III, LINE 1 BOSTON UNIVERSITY IS AN INTERNATIONAL, COMPREHENSIVE, PRIVATE RESEARCH UNIVERSITY, COMMITTED TO EDUCATING STUDENTS TO BE REFLECTIVE, RESOURCEFUL INDIVIDUALS READY TO LIVE, ADAPT, AND LEAD IN AN INTERCONNECTED WORLD. BOSTON UNIVERSITY IS COMMITTED TO GENERATING NEW KNOWLEDGE TO BENEFIT SOCIETY. FORM 990, PART III, LINE 4A INSTRUCTION - BOSTON UNIVERSITY TODAY IS ONE OF THE MOST DYNAMIC, FORWARD-LOOKING PRIVATE RESEARCH UNIVERSITIES IN THE WORLD, WITH STUDENTS AND FACULTY WHO ARE IMMERSED IN INNOVATIVE EDUCATIONAL PROGRAMS AT THE FRONTIERS OF SCHOLARSHIP AND RESEARCH AND IN PUBLIC SERVICE, ALL IN A 21ST-CENTURY ATMOSPHERE OF URBAN AND GLOBAL ENGAGEMENT. WITH 17 SCHOOLS AND COLLEGES ON ITS TWO CAMPUSES, BOSTON UNIVERSITY OFFERS ITS STUDENTS MORE THAN 250 PROGRAMS OF STUDY IN THE LIBERAL ARTS, SCIENCE AND ENGINEERING, HEALTH SCIENCE, THE ARTS, AND OTHER PROFESSIONAL DISCIPLINES. STUDENTS COME FROM ALL OVER THE GLOBE AND STUDY AROUND THE WORLD THROUGH 90+ STUDY-ABROAD PROGRAMS OFFERING OPPORTUNITIES IN 35 CITIES ON 6 CONTINENTS. BOSTON UNIVERSITY FACULTY ARE COMMITTED TO EXCELLENCE IN TEACHING AND IN PATH-BREAKING RESEARCH AND SCHOLARSHIP. THROUGH THEIR RESEARCH, SCHOLARSHIP, AND CREATIVE ENDEAVORS, THEY ARE EXPANDING THE BOUNDARIES OF KNOWLEDGE ACROSS DISCIPLINES, FROM MOLECULAR MEDICINE, BIOLOGICAL EVOLUTION, AND HIGH-ENERGY PHYSICS TO MANAGEMENT, POETRY, AND THE PERFORMING ARTS. THE UNIVERSITY PLACES A STRONG EMPHASIS ON THE INTERDISCIPLINARY AND COLLABORATIVE EFFORTS OF BOTH FACULTY AND STUDENTS, WITH MAJOR INITIATIVES IN EMERGING AREAS SUCH AS NEUROSCIENCE, SYSTEMS BIOLOGY, PHOTONICS, ENGINEERING BIOLOGY, DATA SCIENCE, URBAN HEALTH, AND GLOBAL HEALTH AND DEVELOPMENT, AS WELL AS RESEARCH AND TREATMENTS FOR EMERGING INFECTIOUS DISEASES. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES CONSIST OF LIBRARIES, ACADEMIC SERVICES, STUDENT SERVICES, EXTERNAL PROGRAMS, AND OTHER DEDUCTIONS.
FOREIGN ACCOUNTS	FORM 990, PART V, LINE 4B BOSTON UNIVERSITY HAS BANK ACCOUNTS IN FOREIGN COUNTRIES. THESE ACCOUNTS FUND THE OPERATIONS OF THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE OVERSEAS PROGRAMS. FOREIGN COUNTRIES INCLUDE (ATTACHMENT 1 CONTINUED): ZAMBIA
FORM 990, PART VI, SECTION A, LINE 1A	WITH CERTAIN EXCEPTIONS SPECIFIED IN THE UNIVERSITY'S BY-LAWS OR OTHERWISE REQUIRED BY LAW, THE EXECUTIVE COMMITTEE EXERCISES THE POWERS OF THE BOARD OF TRUSTEES BETWEEN FULL BOARD MEETINGS. THE COMMITTEE HOLDS MEETINGS DURING MOST MONTHS WHEN THE FULL BOARD DOES NOT MEET AND OTHERWISE AS NECESSARY. THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE BOARD, THE CHAIRS OF THE OTHER STANDING COMMITTEES OF THE BOARD, THE PRESIDENT, AND UP TO THREE AT-LARGE MEMBERS ELECTED ANNUALLY BY THE BOARD. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, A DRAFT OF THE FORM 990 IS REVIEWED BY THE UNIVERSITY'S COMPTROLLER, BY THE CHIEF FINANCIAL OFFICER (AS WELL AS OTHER FINANCE/ACCOUNTING STAFF), AND BY UNIVERSITY COUNSEL. THE UNIVERSITY'S PUBLIC ACCOUNTING FIRM, KPMG, IS INVOLVED THROUGHOUT THE PREPARATION AND REVIEW OF THE RETURN. THE FORM IS THEN SENT TO THE UNIVERSITY'S AUDIT COMMITTEE TO BE REVIEWED DURING ITS ANNUAL SPRING MEETING. AFTER AUDIT COMMITTEE REVIEW, THE FINAL RETURN IS PROVIDED TO THE BOARD OF TRUSTEES VIA A SECURE INTRANET SITE BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS, KEY EMPLOYEES, AND OTHER REPRESENTATIVES (INCLUDING VICE PRESIDENTS AND OTHER MANAGERIAL PERSONNEL) ARE REQUIRED TO DISCLOSE ON THE UNIVERSITY'S CONFLICT OF INTEREST DISCLOSURE FORM ANY BUSINESS OR FINANCIAL RELATIONSHIP THEY OR MEMBERS OF THEIR IMMEDIATE FAMILIES HAVE OR PROPOSE TO HAVE WITH THE UNIVERSITY, EITHER DIRECTLY OR THROUGH ANOTHER ENTITY IN WHICH THEY HAVE A SIGNIFICANT INTEREST. THE DISCLOSURE FORM IS REQUIRED TO BE FILED ANNUALLY; AN AMENDED FORM MUST BE FILED PROMPTLY IN THE EVENT OF A MATERIAL CHANGE IN CIRCUMSTANCES. A TRUSTEE OR OFFICER IS REQUIRED TO PROVIDE ADVANCE WRITTEN DISCLOSURE OF ANY PROPOSED BUSINESS OR FINANCIAL RELATIONSHIP COVERED BY THIS POLICY TO THE CHAIRMAN OF THE AUDIT COMMITTEE. AN EMPLOYEE OR OTHER REPRESENTATIVE MUST PROVIDE ADVANCE WRITTEN DISCLOSURE OF ANY SUCH RELATIONSHIP TO THE UNIVERSITY'S COMPLIANCE COMMITTEE. TRUSTEES, OFFICERS, KEY EMPLOYEES, AND OTHER REPRESENTATIVES WHO HAVE DISCLOSED A POTENTIAL CONFLICT OF INTEREST MUST REFRAIN FROM PARTICIPATING IN THE UNIVERSITY'S CONSIDERATION OF ANY PROPOSED BUSINESS OR FINANCIAL RELATIONSHIP IN WHICH THEY ARE INTERESTED, EXCEPT TO RESPOND TO QUESTIONS OR TO PROVIDE FURTHER INFORMATION. IF A TRANSACTION OR RELATIONSHIP REQUIRES A VOTE, THE INTERESTED PARTY SHOULD NOT BE PRESENT AT THE TIME OF THE VOTE. THE AUDIT COMMITTEE DETERMINES WHETHER A BUSINESS OR FINANCIAL RELATIONSHIP INVOLVING A TRUSTEE OR OFFICER SHOULD BE ENTERED INTO OR CONTINUED. IN THE CASE OF ANY SUCH RELATIONSHIP INVOLVING A TRUSTEE, SUCH A DETERMINATION IS TO BE SET FORTH IN A WRITTEN REPORT OF THE AUDIT COMMITTEE SIGNED BY THE CHAIRMAN AND A MAJORITY OF THE COMMITTEE. THE COMPLIANCE COMMITTEE DETERMINES WHETHER A BUSINESS OR FINANCIAL RELATIONSHIP INVOLVING AN EMPLOYEE OR OTHER REPRESENTATIVE SHOULD BE ENTERED INTO OR CONTINUED. THE COMPLIANCE COMMITTEE PROVIDES SUCH REPORTS AS MAY BE REQUESTED BY THE AUDIT COMMITTEE AND MAY REQUEST ADVICE OR DIRECTION FROM THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINES 15A & 15B EACH YEAR, INCLUDING THE YEAR COVERED BY THIS RETURN, THE FOLLOWING PROCESS IS USED TO ESTABLISH THE COMPENSATION OF THE FOLLOWING INDIVIDUALS: THE PRESIDENT; UNIVERSITY PROVOST; MEDICAL CAMPUS PROVOST; CHIEF INVESTMENT OFFICER; SENIOR VICE PRESIDENT FOR OPERATIONS; SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER; AND SENIOR VICE PRESIDENT, SENIOR COUNSEL, AND SECRETARY OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (WHICH CONSISTS ENTIRELY OF INDEPENDENT PERSONS HAVING NO CONFLICTS OF INTEREST AS DEFINED IN THE APPLICABLE REGULATIONS) ENGAGES THE SERVICES OF AN INDEPENDENT CONSULTING FIRM TO OBTAIN DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE COMMITTEE REVIEWS THIS DATA AND THE PERFORMANCE OF THE INDIVIDUALS HOLDING THE POSITIONS IN QUESTION, AND IT DEVELOPS A RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION AND CONSIDERS THE PRESIDENT'S COMPENSATION RECOMMENDATIONS FOR EACH OF THE OTHER COVERED PERSONS. THE EXECUTIVE COMPENSATION COMMITTEE THEN PRESENTS THE DATA AND ITS COMPENSATION RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE DELIBERATIONS AND ACTIONS OF BOTH THE EXECUTIVE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES ARE DOCUMENTED CONTEMPORANEOUSLY. Form 990, Part VI, SECTION C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA ITS OWN WEBSITE.
FORM 990, PART VII, SECTION A	ROBERT A. BROWN, THE PRESIDENT OF BOSTON UNIVERSITY, DEVOTES ONE HOUR OR LESS PER WEEK TO THE MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER, A RELATED ORGANIZATION. MARTIN J. HOWARD, AN OFFICER OF BOSTON UNIVERSITY, DEVOTES ONE HOUR OR LESS PER MONTH TO EACH OF 660 CORPORATION, AKEAH INC., AND BOSTON UNIVERSITY FOUNDATION - INDIA, ALL RELATED ORGANIZATIONS. GARY W. NICKSA, A KEY EMPLOYEE OF BOSTON UNIVERSITY, DEVOTES TWO HOURS OR LESS PER MONTH TO EACH OF PLEASANT VENTURES REALTY TRUST AND EAST CONCORD MEDICAL FOUNDATION, INC., BOTH RELATED ORGANIZATIONS. KAREN H. ANTMAN, MD, A KEY EMPLOYEE OF BOSTON UNIVERSITY, DEVOTES FOUR HOURS OR LESS PER WEEK TO FACULTY PRACTICE FOUNDATION, INC. AND EAST CONCORD MEDICAL FOUNDATION, INC., BOTH RELATED ORGANIZATIONS. WILLIAM CREEVY, MD, ONE OF THE FIVE HIGHEST COMPENSATED EMPLOYEES OF BOSTON UNIVERSITY, DEVOTES 55 HOURS OR LESS PER WEEK TO FACULTY PRACTICE FOUNDATION, INC. J. ROBB DIXON AND CATALDO W. LEONE WERE COMPENSATED AS FACULTY MEMBERS, NOT AS TRUSTEES.
Form 990, Part XI, Line 9	OTHER CHANGES IN NET ASSETS OF FUND BALANCES FAIR VALUE OF NET ASSETS FROM ACQUISITION $163,272,000 GAIN ON INTEREST RATE EXCHANGE AGREEMENTS $20,516,000 UNREALIZED LOSS ON NON-INVESTMENT ASSETS -$536,478 NET ACTUARIAL LOSS -$1,460,371 OTHER ADJUSTMENTS $9,346,921 TOTAL $191,138,072

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

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

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

Attach to Form 990.
MediumBullet

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

Trustees of Boston University

Employer identification number

04-2103547

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) BU Funding LLC 108 Bay State Road Boston,MA02215 87-0773653	Investments	MA	0	36,212,000	BU Trustees
(2) Pleasant Ventures Realty Trust 125 Bay State Road Boston,MA02215 04-3006700	Real Estate	MA	5,584,695	22,744,921	BU Trustees
(3) Scarlet Castle Brr-L LLC One Silber Way Boston,MA02215 82-1985611	Investments	MA	0	1,035,786	BU Trustees

Part II

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

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)Boston Emergency Physician Foundation 860 Harrison Avenue Boston,MA02118 04-3286156	Medicine	MA	501(C)(3)	12c III-FI	na		No
(2)Boston Rehabilitation Med Assoc Inc 732 Harrison Avenue Suite 511 Boston,MA02118 04-3286641	Medicine	MA	501(C)(3)	12c III-FI	na		No
(3)BU Cardiac & Thoracic Surgical Fdn Inc 88 East Newton Street Boston,MA02118 04-2966416	Medicine	MA	501(C)(3)	12c III-FI	na		No
(4)Boston University Dermatology Inc 609 Albany Street Boston,MA02118 04-3335166	Medicine	MA	501(C)(3)	12c III-FI	na		No
(5)BU Dermatology Support Services I Inc 609 Albany Street Boston,MA02118 04-3452877	Medicine	MA	501(C)(3)	12c III-FI	na		No
(6)BU Dermatology Support Services II Inc 609 Albany Street Boston,MA02118 04-3452874	Medicine	MA	501(C)(3)	12c III-FI	na		No
(7)Boston University Eye Associates Inc 2005 Bay Street Suite 201 Taunton,MA02780 04-3137333	Medicine	MA	501(C)(3)	12c III-FI	na		No
(8)Boston University Family Medicine Inc 1 Boston Medical Ctr Dowling 5 Boston,MA02118 04-3354353	Medicine	MA	501(C)(3)	12c III-FI	na		No
(9)BU General Surgical Associates Inc 88 East Newton Street Ste C500 Boston,MA02118 04-3265008	Medicine	MA	501(C)(3)	12c III-FI	na		No
(10)BU Mallory Pathology Associates Inc 670 Albany Street 3rd Floor Boston,MA02118 04-2794543	Medicine	MA	501(C)(3)	12c III-FI	na		No
(11)BU Medical Center Anesthesiologists Inc 88 East Newton Street Boston,MA02118 04-3276227	Medicine	MA	501(C)(3)	12c III-FI	na		No
(12)BU Medical Center Urologists Inc 725 Albany Street Shapiro 3B Boston,MA02118 04-3286643	Medicine	MA	501(C)(3)	12c III-FI	na		No
(13)BU Neurology Associates Inc 72 East Concord Street C3 Boston,MA02118 04-3428462	Medicine	MA	501(C)(3)	12c III-FI	na		No
(14)BU Neurosurgical Associates Inc 72 East Concord Street C3 Boston,MA02118 04-3296068	Medicine	MA	501(C)(3)	12c III-FI	na		No
(15)BU Obstetrics & Gynecology Fdn Inc 85 E Concord 6th Floor Boston,MA02118 04-3067465	Medicine	MA	501(C)(3)	12c III-FI	na		No
(16)BU Orthopaedic Surgical Associates Inc 720 Harrison Ave Suite 808 Boston,MA02118 04-3354360	Medicine	MA	501(C)(3)	12c III-FI	na		No
(17)BU Plastic Surgery Associates Inc 720 Harrison Ave DOB 9th Fl Boston,MA02118 04-3555478	Medicine	MA	501(C)(3)	12c III-FI	na		No
(18)BU Psychiatry Associates Inc 85 East Newton Street Ste 802 Boston,MA02118 04-3355267	Medicine	MA	501(C)(3)	12c III-FI	na		No
(19)BU Medical Center Radiologists Inc 820 Harrison Ave FGH Bldg Boston,MA02118 04-3283573	Medicine	MA	501(C)(3)	12c III-FI	na		No
(20)BU Surgical Associates Inc 88 East Newton Street Boston,MA02118 04-3291148	Medicine	MA	501(C)(3)	12c III-FI	na		No
(21)Child Health Foundation of Boston Inc 771 Albany St Dowling 3 South Boston,MA02118 04-2472758	Medicine	MA	501(C)(3)	12c III-FI	na		No
(22)Evans Medical Foundation Inc 88 East Newton Street Boston,MA02118 51-0172171	Medicine	MA	501(C)(3)	12c III-FI	na		No
(23)Faculty Practice Foundation Inc 660 Harrison Avenue 3rd Floor Boston,MA02118 04-3289381	Medicine	MA	501(C)(3)	12b II	na		No
(24)Mercond Inc 881 Commonwealth Avenue Boston,MA02215 04-3099628	Holding Co.	MA	501(C)(2)	n/a	BU TRUSTEES	Yes
(25)BU MEDICAL CENTER OTOLARYNGOLOGIC FDN 820 HARRISON AVENUE BOSTON,MA02118 04-3156471	HEALTHCARE	MA	501(C)(3)	12c III-FI	NA		No
(26)THE MASS GREEN HIGH PERF COMPUTING CTR 77 MASS AVE CAMBRIDGE,MA02139 27-3014805	RESEARCH CTR	MA	501(C)(3)	12A-I	NA		No
(27)MGHPCC HOLYOKE INC 77 MASS AVE CAMBRIDGE,MA02139 45-2257442	RESEARCH CTR	MA	501(C)(3)	12A-I	NA		No
(28)BOSTON UNIVERSITY (USA) LONDON CHARITY 5-10 ST PAULS CHURCHYARD LONDON EC4M 8AL UK	EDU. SUPPORT	UK		N/A	BU TRUSTEES	Yes
(29)EAST CONCORD MEDICAL FOUNDATION INC 88 E NEWTON STREET BOSTON,MA02118 04-6048207	EDU. SUPPORT	MA	501(C)(3)	12c III-FI	NA		No
(30)BOSTON UNIVERSITY FOUNDATION - INDIA S-505 LGF GREATER KAILASH-11 NEW DELHI 110048 IN	EDU. SUPPORT	IN		N/A	BU TRUSTEES	Yes
(31)TRANSPORTATION SOL FOR COMMUTERS INC 881 COMMONWEALTH AVENUE 4TH FLOOR BOSTON,MA02215 04-3144411	TRANS SVCS	MA	501(C)(3)	7	NA		No
(32)BU RADIATION ONCOLOGY INC 1 BOSTON MEDICAL CENTER PLACE BOSTON,MA02118 81-0716773	MEDICINE	MA	501(C)(3)	12c III-FI	NA		No

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

Cat. No. 50135Y

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	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) EUSA LLP 1A QUEENSBERRY PLACE LONDON SW7 2DL UK	Education	UK	BU EUREUSA UK	921,047	1,074,988		No	0		No	100.000 %
(2) LVPU LP 10000 Memorial Drive Suite 550 Houston,TX77024 47-1582760	Investments	TX	BU Trustees	913,541	39,012,323		No	-1,393,584		No	100.000 %

Part IV

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

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets		Yes	No
(1) 520 Commonwealth Avenue Real Estate Corp 881 Commonwealth Avenue Boston,MA02215 04-2272027	Holding company	MA	BU Trustees	C Corp		44,205	100.000 %	Yes
(2) Charitable Remainder Trusts (13)	Support	MA	BU Trustees	Trust
(3) 660 Corporation 881 Commonwealth Avenue Boston,MA02215 04-2787737	Convenience Store	MA	520 Corp	C Corp	5,347,589	8,571,589	100.000 %	Yes
(4) Akeah Inc 881 Commonwealth Avenue Boston,MA02215 04-3003380	Edu Support	MA	520 Corp	C Corp	554,983	448,756	100.000 %	Yes
(5) Boston University (USA) Europe Limited 43 HARRINGTON GARDENS LONDON SW7 4JU UK 04-2787737	Edu Support	MA	BU (USA) London	CORP.	0	2,272,464	100.000 %	Yes
(6) EUSA (UK) Limited 43 HARRINGTON GARDENS LONDON SW7 4JU UK 04-3003380	Edu Support	MA	BU (USA) Europe	CORP.	0	1	100.000 %	Yes

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

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 .....................

Yes

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

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

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

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

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

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

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

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

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

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

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

Yes

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

Yes

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

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

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

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

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

Yes

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

Yes

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

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) 660 Corporation	A	643,866	actual payments
(2) 660 Corporation	l	100,000	actual payments
(3) EUSA LLP	A	45,567	actual payments
(4) EUSA LLP	r	1,653,425	actual payments
(5) EUSA LLP	s	1,653,425	actual payments
(6) EUSA LLP	m	912,225	actual payments
(7) Akeah Inc	r	556,000	actual payments

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)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2019

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	40
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	37
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	26,263
6	Total number of volunteers (estimate if necessary) .............	6	1,400
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	16,256,639
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	539,254,044	514,583,182
9	Program service revenue (Part VIII, line 2g) .........	1,719,034,994	1,828,850,977
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	128,713,410	123,174,810
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	29,357,854	36,878,987
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	2,416,360,302	2,503,487,956
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	425,815,221	481,606,433
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,082,171,231	1,133,991,124
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	103,845	39,630
b	Total fundraising expenses (Part IX, column (D), line 25) 27,301,065
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	552,944,288	622,870,050
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	2,061,034,585	2,238,507,237
19	Revenue less expenses. Subtract line 18 from line 12.......	355,325,717	264,980,719
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	5,890,986,351	6,392,541,992
21	Total liabilities (Part X, line 26).............	2,490,996,168	2,473,898,952
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,399,990,183	3,918,643,040

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,365,002,489 including grants of $ 421,626,197 ) (Revenue $ 1,463,440,266 )
	SEE SCHEDULE O

4b	(Code: ) (Expenses $ 260,831,921 including grants of $ 59,980,236 ) (Revenue $ 16,485,818 )
	RESEARCH - WHAT SETS BOSTON UNIVERSITY APART AS A RESEARCH UNIVERSITY IS THE BREADTH AND DEPTH OF ITS RESEARCH AND THE UNIQUELY ENTREPRENEURIAL SPIRIT OF ITS FACULTY. RESEARCHERS AT BU ARE NOT AFRAID TO CROSS DISCIPLINARY BOUNDARIES, AS CAN BE SEEN BY STRATEGIC EFFORTS TO SUPPORT INTERDISCIPLINARY RESEARCH AND EDUCATION IN NEUROSCIENCE, RELIGION AND WORLD AFFAIRS, INTEGRATIVE BIOLOGY, CLEAN ENERGY, SUSTAINABILITY AND THE ENVIRONMENT, HEALTH CARE DELIVERY, AND GLOBAL HEALTH, TO NAME A FEW. IN EACH CASE, THE EMPHASIS IS NOT ON INTERDISCIPLINARITY FOR ITS OWN SAKE, BUT ON USING A MULTIFACETED APPROACH TO SOLVE THE IMPORTANT AND COMPLEX PROBLEMS FACING SOCIETY TODAY.

4c	(Code: ) (Expenses $ 267,104,082 including grants of $ 0 ) (Revenue $ 348,924,893 )
	AUXILIARIES - AUXILIARY ENTERPRISES SUPPORT THE MISSION OF BOSTON UNIVERSITY BY PROVIDING ESSENTIAL SERVICES TO THE CAMPUS COMMUNITY. THEY ARE ENTERPRISES IN THAT THEY ARE GENERALLY SELF-SUPPORTING ACTIVITIES, RECOVERING THEIR COSTS THROUGH THE FEES OR PRICES THEY CHARGE FOR THEIR GOODS AND SERVICES. AT BOSTON UNIVERSITY, AUXILIARY ENTERPRISES ARE DESIGNED TO DELIVER SUPERIOR QUALITY SERVICES THAT ARE EXPECTED BY THE STUDENTS, FACULTY, STAFF AND ALUMNI.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 90,902,526 including grants of $ ) (Revenue $ )
4e	Total program service expenses1,983,841,018

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	7,342,265	4,093,192	1,409,467

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	1,212,418
d	Related organizations		1d
e	Government grants (contributions)		1e	307,052,406

f	All other contributions, gifts, grants, and similar amounts not included above		1f	206,318,358

g	Noncash contributions included in lines 1a - 1f:$		1g	15,480,340

h Total. Add lines 1a-1f.......		514,583,182

		Business Code
2a	TUITION AND FEES	900099	1,481,218,978	1,481,218,978
b	AUX SALES & SERVICES	900099	331,146,181	331,146,181
c	NON-GOVERNMENT GRANTS	900099	16,485,818	16,485,818
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,828,850,977

3 Investment income (including dividends, interest, and othersimilar amounts) ......			32,236,070		-2,224,151	34,460,221
4 Income from investment of tax-exempt bond proceeds			622,117			622,117
5 Royalties...........			3,718,361			3,718,361
		(ii) Personal	(i) Real
6a	Gross rents		34,971,835	6a
b	Less: rental expenses		19,569,131	6b
c	Rental income or (loss)	0	15,402,704	6c
d	Net rental income or (loss).......			15,402,704			15,402,704
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	1,215,754	1,526,305,158	7a
b	Less: cost or other basis and sales expenses	1,200,000	1,436,004,289	7b
c	Gain or (loss)	15,754	90,300,869	7c
d	Net gain or (loss).........			90,316,623		702,078	89,614,545
8a	Gross income from fundraising events (not including $ 1,212,418of contributions reported on line 1c). See Part IV, line 18 ....
			8a	1,764,022
b	Less: direct expenses ...		8b	1,784,812
c	Net income or (loss) from fundraising events..			-20,790			-20,790
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..			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..			0
Business Code			Miscellaneous Revenue
11a	RENTALS AND LEASING		532000	13,978,492		13,978,492
b	PARKING		812930	1,779,444		1,779,444
c	FITNESS AND RECREATIONAL SPORTS CENTER		713940	1,340,974		1,340,974
d	All other revenue ....			679,802		679,802
e	Total. Add lines 11a–11d ......			17,778,712
12	Total revenue. See instructions.....			2,503,487,956	1,828,850,977	16,256,639	143,797,158

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	53,676,103	53,676,103
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	421,626,197	421,626,197
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	6,304,133	6,304,133
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	5,588,092	4,313,562	483,827	790,703
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	299,074	299,074
7	Other salaries and wages........	881,720,924	757,891,403	108,962,149	14,867,372
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	75,639,845	65,016,931	9,347,493	1,275,421
9	Other employee benefits .......	100,806,817	86,653,174	12,454,311	1,699,332
10	Payroll taxes ...........	69,936,372	60,114,457	8,642,664	1,179,251
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	2,827,618		2,827,618
c	Accounting ...........	674,409		674,409
d	Lobbying ...........	453,177	453,177
e	Professional fundraising services. See Part IV, line 17	39,630			39,630
f	Investment management fees ......	3,043,395		3,043,395
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	128,586,566	116,415,461	10,166,486	2,004,619
12	Advertising and promotion ....	7,808,873	6,917,561		891,312
13	Office expenses .......	41,620,100	38,193,830	1,667,965	1,758,305
14	Information technology ......	36,552,354	11,723,410	24,627,301	201,643
15	Royalties ..	1,244,381	1,244,381
16	Occupancy ...........	175,092,799	162,815,792	12,162,355	114,652
17	Travel ............	29,534,289	25,596,480	2,801,811	1,135,998
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	8,561,161	5,649,477	1,608,104	1,303,580
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	123,660,036	112,053,569	11,606,467
23	Insurance ...	5,087,739	2,846,828	2,240,911
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	RESEARCH & LAB SUPPLIES	30,144,801	30,144,801
b	DUES & MEMBERSHIPS	8,561,548	4,194,371	4,336,611	30,566
c	EDUCATIONAL SERVICES	5,752,479	5,752,479
d	BOOKS & PERIODICALS	1,430,130	1,375,186	46,263	8,681
e	All other expenses	12,234,195	2,569,181	9,665,014
25	Total functional expenses. Add lines 1 through 24e	2,238,507,237	1,983,841,018	227,365,154	27,301,065
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			0	1	0
2	Savings and temporary cash investments .........			458,987,106	2	271,100,324
3	Pledges and grants receivable, net ......			210,954,034	3	234,920,303
4	Accounts receivable, net .............			180,548,817	4	216,109,815
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 ...........			9,023,319	7	8,365,503
8	Inventories for sale or use ............			0	8	0
9	Prepaid expenses and deferred charges ......			25,604,081	9	39,237,440
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	4,237,777,078
b	Less: accumulated depreciation	10b	1,626,990,730	2,408,094,258	10c	2,610,786,348
11	Investments—publicly traded securities .			1,119,281,694	11	1,389,690,846
12	Investments—other securities. See Part IV, line 11 .....			1,478,493,042	12	1,622,331,413
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			0	15	0
16	Total assets. Add lines 1 through 15 (must equal line 33)...			5,890,986,351	16	6,392,541,992

17	Accounts payable and accrued expenses .....	551,439,256	17	508,247,829
18	Grants payable ...	0	18	0
19	Deferred revenue .........	267,325,654	19	275,714,516
20	Tax-exempt bond liabilities .........	1,106,405,000	20	1,103,105,000
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 ..	298,576,886	23	326,815,587
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	267,249,372	25	260,016,020
26	Total liabilities. Add lines 17 through 25..	2,490,996,168	26	2,473,898,952

	Organizations that follow FASB ASC 958, check here 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 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 ...........	3,399,990,183	32	3,918,643,040
33	Total liabilities and net assets/fund balances ........	5,890,986,351	33	6,392,541,992

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to 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). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No