TY 2021 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/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(1) ROBERT A BROWN...................................................................... PRESIDENT	55.0 ................. 1.0	X	X				1,541,037	0	491,411
(2) PUSHKAR MEHRA...................................................................... PROFESSOR & ORAL SURGEON	55.0 ................. 0.0				X		1,856,464	0	30,304
(3) TONY TANNOURY...................................................................... PROFESSOR & PHYSICIAN	0.0 ................. 55.0				X		0	1,361,078	106,923
(4) XINNING LI...................................................................... PROFESSOR & PHYSICIAN	0.0 ................. 55.0				X		0	1,388,449	28,475
(5) CLARISSA HUNNEWELL...................................................................... CHIEF INVESTMENT OFFICER	55.0 ................. 0.0				X		1,222,839	0	1,419
(6) WILLIAM CREEVY...................................................................... PROFESSOR & PHYSICIAN	0.0 ................. 55.0				X		0	1,166,669	28,053
(7) JEAN MORRISON...................................................................... UNIVERSITY PROVOST	55.0 ................. 0.0			X			847,834	0	252,238
(8) KAREN H ANTMAN...................................................................... MEDICAL CAMPUS PROVOST	55.0 ................. 4.0			X			924,659	0	1,121
(9) GARY W NICKSA...................................................................... SR VP, CFO, TRS(AS OF 10/1/21)	55.0 ................. 1.0		X				601,111	0	29,382
(10) ERIKA GEETTER...................................................................... SR VP, GEN COUNSEL, BOARD SEC	55.0 ................. 0.0		X				619,297	0	2,727
(11) MARTIN J HOWARD...................................................................... SR VP, CFO, TRS(UNTIL 10/1/21)	55.0 ................. 1.0		X				576,159	0	2,645
(12) DEREK HOWE...................................................................... SR VP FOR OP (AS OF 10/1/21)	55.0 ................. 2.0			X			395,196	0	31,751
(13) TODD L C KLIPP...................................................................... FMR SR VP, SR COUNSEL, & SECRE	0.0 ................. 0.0					X	283,102	0	0
(14) KIMBERLY AS HOWARD...................................................................... TRUSTEE (AS OF 6/1/22) & PROF	55.0 ................. 0.0	X					146,735	0	9,818
(15) EILEEN B O'KEEFE...................................................................... TRUSTEE (UNTIL 5/30/22) & PROF	55.0 ................. 0.0	X					122,369	0	27,712
(16) MAUREEN ALPHONSE-CHARLES...................................................................... TRUSTEE (AS OF 9/22/21)	3.0 ................. 0.0	X					0	0	0
(17) WILLIAM D BLOOM...................................................................... TRUSTEE	3.0 ................. 0.0	X					0	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)
(18) CASSANDRA M CLAY........................................................................ TRUSTEE (AS OF 9/22/21)	3.0 .......................0.0	X
(19) CYNTHIA R COHEN........................................................................ TRUSTEE	3.0 .......................0.0	X
(20) SHAMIM A DAHOD........................................................................ TRUSTEE	3.0 .......................0.0	X
(21) NATHANIEL DALTON........................................................................ TRUSTEE	3.0 .......................0.0	X
(22) SUDARSHANA DEVADHAR........................................................................ TRUSTEE	3.0 .......................0.0	X
(23) AHMASS L FAKAHANY........................................................................ TRUSTEE	3.0 .......................0.0	X
(24) KENNETH J FELD........................................................................ TRUSTEE - CHAIR	3.0 .......................0.0	X
(25) MAURICE R FERRE........................................................................ TRUSTEE	3.0 .......................0.0	X
(26) SANDRA A FRAZIER........................................................................ TRUSTEE	3.0 .......................0.0	X
(27) MICHAEL D FRICKLAS........................................................................ TRUSTEE	3.0 .......................0.0	X
(28) RYAN K ROTH GALLO........................................................................ TRUSTEE - VICE CHAIR	3.0 .......................0.0	X
(29) RICHARD C GODFREY........................................................................ TRUSTEE (UNTIL 9/22/21)	3.0 .......................0.0	X
(30) JOHN P HOWE III........................................................................ TRUSTEE (UNTIL 9/22/21)	3.0 .......................0.0	X
(31) STEPHEN R KARP........................................................................ TRUSTEE	3.0 .......................0.0	X
(32) RAJEN A KILACHAND........................................................................ TRUSTEE	3.0 .......................0.0	X
(33) RANCH C KIMBALL........................................................................ TRUSTEE	3.0 .......................0.0	X
(34) ROBERT A KNOX........................................................................ TRUSTEE	3.0 .......................0.0	X
(35) ANTOINETTE R LEATHERBERRY........................................................................ TRUSTEE	3.0 .......................0.0	X
(36) KENNETH LIN........................................................................ TRUSTEE (AS OF 12/2/21)	3.0 .......................0.0	X
(37) JOSEPH LOSCALZO........................................................................ TRUSTEE (AS OF 9/22/21)	3.0 .......................0.0	X
(38) J KENNETH MENGES JR........................................................................ TRUSTEE (UNTIL 9/22/21)	3.0 .......................0.0	X
(39) KEVIN MERIDA........................................................................ TRUSTEE	3.0 .......................0.0	X
(40) CARLA E MEYER........................................................................ TRUSTEE-VCHAIR (UNTIL 9/22/21)	3.0 .......................0.0	X
(41) JANE P MONCREIFF........................................................................ TRUSTEE	3.0 .......................0.0	X
(42) RUTH A MOORMAN........................................................................ TRUSTEE	3.0 .......................0.0	X
(43) ALICIA C MULLEN........................................................................ TRUSTEE	3.0 .......................0.0	X
(44) REBECCA NORLANDER........................................................................ TRUSTEE	3.0 .......................0.0	X
(45) M LEE PELTON........................................................................ TRUSTEE (AS OF 4/15/22)	3.0 .......................0.0	X
(46) C A LANCE PICCOLO........................................................................ TRUSTEE	3.0 .......................0.0	X
(47) JONATHAN PRIESTER........................................................................ TRUSTEE	3.0 .......................0.0	X
(48) RICHARD D REIDY........................................................................ TRUSTEE - VICE CHAIR	3.0 .......................0.0	X
(49) SHARON G RYAN........................................................................ TRUSTEE	3.0 .......................0.0	X
(50) SD SHIBULAL........................................................................ TRUSTEE	3.0 .......................0.0	X
(51) RICHARD C SHIPLEY........................................................................ TRUSTEE (UNTIL 9/22/21)	3.0 .......................0.0	X
(52) HUGO X SHONG........................................................................ TRUSTEE	3.0 .......................0.0	X
(53) KENNETH Z SLATER........................................................................ TRUSTEE	3.0 .......................0.0	X
(54) MALEK SUKKAR........................................................................ TRUSTEE	3.0 .......................0.0	X
(55) NINA C TASSLER........................................................................ TRUSTEE	3.0 .......................0.0	X
(56) ELIZABETH C THORS........................................................................ TRUSTEE	3.0 .......................0.0	X
(57) PETER L WEXLER........................................................................ TRUSTEE	3.0 .......................0.0	X
(58) STEPHEN M ZIDE........................................................................ TRUSTEE-VICE CHAIR(AS OF 9/22)	3.0 .......................0.0	X

(A) Name and business address	(B) Description of services	(C) Compensation
SUFFOLK CONSTRUCTION COMPANY INC, 65 ALLERTON STREET BOSTON,MA02119	Construction	105,531,124
ARAMARK FOOD AND SUPPORT SERVICES I, 775 COMMONWEALTH AVE BOSTON,MA02115	FOOD & HOSPITALITY	15,587,618
SHAWMUT WOODWORKING SUPPLY INC, 560 HARRISON AVENUE BOSTON,MA02118	CONSTRUCTION	9,488,015
DELOITTE, 4022 SELLS DRIVE HERMITAGE,TN37076	CONSULTING	6,649,505
INTEGRATES BIOTHERAPEUTICS, 4 RESEARCH COURT STE 300 ROCKVILLE,MD20850	RESEARCH	6,590,083
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 305

- TIN:

SCHEDULE A
(Form 990)

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

2021

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).)

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 33 1/3% 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 33 1/3% 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 on 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) 2021

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) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	514,583,182	523,093,884	572,381,320	671,730,194	752,663,973	3,034,452,553
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..						0
4	Total. Add lines 1 through 3	514,583,182	523,093,884	572,381,320	671,730,194	752,663,973	3,034,452,553
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) ..						20,214,314
6	Public support. Subtract line 5 from line 4.						3,014,238,239

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
7	Amounts from line 4..	514,583,182	523,093,884	572,381,320	671,730,194	752,663,973	3,034,452,553
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	73,772,534	91,446,337	75,817,833	44,974,798	51,037,723	337,049,225
9	Net income from unrelated business activities, whether or not the business is regularly carried on..						0
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..						0
11	Total support. Add lines 7 through 10						3,371,501,778

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

9,772,986,428

First 5 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 2021 (line 6, column (f) divided by line 11, column (f)) .........

89.403 %

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

86.280 %

16a

33 1/3% support test—2021. 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—2020. 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—2021. 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—2020. 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) 2021

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) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(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) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(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 on 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 5 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 2021 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2020 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2021 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2020 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2021. 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—2020. 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) 2021

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, 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 lines 3b and 3c 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 box 12a or 12b in Part I, answer lines 4b and 4c 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 lines 5b and 5c 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) .

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

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

Did one or more disqualified persons (as defined on 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 on 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) 2021

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 on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, 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 line 2 above, 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 lines 2a and 2b 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 on line 2a, above 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 lines 3a and 3b 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?If "Yes" or "No", 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) 2021

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 0.015 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 0.035	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) 2021

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	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2021 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2021	(iii) Distributable Amount for 2021
1 Distributable amount for 2021 from Section C, line 6
2 Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2021:
a From 2016.......
b From 2017.......
c From 2018.......
d From 2019.......
e From 2020.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2021 distributable amount
i Carryover from 2016 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2021 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2021 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2021, 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 2021. 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 2022. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2017.....
b Excess from 2018.....
c Excess from 2019.....
d Excess from 2020.....
e Excess from 2021.....

Schedule A (Form 990) (2021)

Schedule A (Form 990) 2021

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) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

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

2021

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) (2021)

Schedule B (Form 990) (2021) 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
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

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) (2021)

Schedule B (Form 990) (2021)

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) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990)

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

2021

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.

Cat. No. 50084S

Schedule C (Form 990) 2021

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) 2018	(b) 2019	(c) 2020	(d) 2021	(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) 2021

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

713,762

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

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

Yes

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

713,762

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 THAT MAY AFFECT 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 THAT MAY AFFECT 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) 2021

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

2021

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) 2021

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 ....	3,392,513,000	2,421,115,000	2,292,537,000	2,128,183,005	1,901,152,882
b	Contributions ...	62,460,046	80,427,257	42,034,734	101,819,085	127,245,589
c	Net investment earnings, gains, and losses	-387,169,121	981,004,273	169,262,496	142,075,738	171,346,295
d	Grants or scholarships ...	25,075,971	23,693,212	22,071,059	20,661,758	18,565,345
e	Other expenditures for facilities and programs ...	59,489,634	56,172,716	53,098,001	50,550,131	45,447,184
f	Administrative expenses ....	9,886,320	10,167,602	7,550,170	8,328,939	7,549,232
g	End of year balance ......	2,973,352,000	3,392,513,000	2,421,115,000	2,292,537,000	2,128,183,005

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

Board designated or quasi-endowment SchDMd Bullet

42.670 %

Permanent endowment SchDMd Bullet

27.250 %

Term endowment SchDMd Bullet

30.080 %

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 .....	11,996,440	209,354,227		221,350,667
b	Buildings ....	149,412,436	3,910,291,458	1,580,424,554	2,479,279,340
c	Leasehold improvements	54,056,781	41,392,310	60,939,494	34,509,597
d	Equipment ....	744,264	396,809,587	263,753,843	133,800,008
e	Other .....		282,906,884	231,513,771	51,393,113
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					2,920,332,725

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) ALTERNATIVES-HEDGE	802,736,702	F
(B) ALTERNATIVES-NATURAL RESOURCES	71,725,750	F
(C) ALTERNATIVES-PRIVATE	1,052,978,050	F
(D) NON-MARKETABLE ALTERNATIVES	13,529,373	F
(E) ALTERNATIVES - REAL ESTATE	495,496,940	F
(F) RESIDUAL ASSET NOTE RECEIVABLE	32,126,975	F
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	2,468,593,790

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

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

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

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

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
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.)	434,221,980
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) 2021

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, ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED.
SCHEDULE D, PART III, LINE 4	THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SCIENTIFIC SPECIMENS, AND ART OBJECTS 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 POLICY THAT REQUIRES PROCEEDS FROM DISPOSITIONS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS.
SCHEDULE D, PART V, LINE 4	THE ENDOWMENT FUND GIVES THE UNIVERSITY THE FLEXIBILITY AND FREEDOM TO EMBARK ON NEW DISCIPLINES, HELPS REDUCE RISES IN TUITION BY PROVIDING NEEDED FINANCIAL AID, AND ENSURES REGULAR FUNDING LEVELS FOR UNIVERSITY RESEARCH, DEPARTMENTS, PROGRAMS, AND OPERATIONS.
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. NO PROVISION FOR FEDERAL INCOME TAXES DUE WAS RECORDED AS OF JUNE 30, 2022 AND 2021. THE UNIVERSITY HAS NO MATERIAL UNCERTAIN TAX POSITIONS.

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE E(Form 990)

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 2021Open 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 on its primary publicly accessible Internet homepage at

all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or 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 990-EZ.

Cat. No. 50085D

Schedule E (Form 990) (2021)

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, PREGNANCY OR PREGNANT-RELATED CONDITION, 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, 888 COMMONWEALTH AVENUE, SUITE 303, BOSTON, MA 02215 (617-353-9286). THE UNIVERSITY'S NON-DISCRIMINATION POLICY IS ON THE UNIVERSITY'S WEBSITE, WWW.BU.EDU.

SCHEDULE E, PART I, LINE 6A

BOSTON UNIVERSITY PARTICIPATES IN SEVERAL FEDERAL FINANCIAL AID PROGRAMS AND GRANTS INCLUDING THE FEDERAL PELL GRANT PROGRAM, THE FEDERAL WORK STUDY PROGRAM, AND THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT WHICH ARE ALL UNDER THE DEPARTMENT OF EDUCATION. 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 DEPARTMENT OF HEALTH AND HUMAN SERVICES, 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. THE UNIVERSITY ALSO RECEIVED THE HIGHER EDUCATION EMERGENCY RELIEF FUND II (HEERF II) USED FOR EMERGENCY FINANCIAL AID AND GRANTS TO STUDENTS UNDER THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT, PUBLIC LAW 116-260 (CRRSAA).

Schedule E (Form 990) (2021)

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

2021

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
	Europe (Including Iceland and Greenland)	0	0	Fundraising		55,804
	Middle East and North Africa	0	0	Fundraising		93,306
	North America	0	0	Fundraising		1,416
	South Asia	0	0	Fundraising		22,751
	Sub-Saharan Africa	0	0	Fundraising		5,712
	Central America and the Caribbean	0	0	Grantmaking		65,038
	East Asia and the Pacific	0	0	Grantmaking		2,813,260
	Europe (Including Iceland and Greenland)	0	0	Grantmaking		30,567,704
	Middle East and North Africa	0	0	Grantmaking		85,044
	North America	0	0	Grantmaking		128,021
	South America	0	0	Grantmaking		33,472
	South Asia	0	0	Grantmaking		1,814,132
	Sub-Saharan Africa	0	0	Grantmaking		1,936,367
	Central America and the Caribbean	0	0	Investments		649,529,093
	East Asia and the Pacific	0	0	Investments		16,299,759
	Europe (Including Iceland and Greenland)	0	0	Investments		54,990,849
	Middle East and North Africa	0	0	Investments		1,000
	North America	0	0	Investments		20,268,144
	South America	0	0	Investments		1,020,255
	Sub-Saharan Africa	0	0	Investments		26,386,679
	Central America and the Caribbean	0	2	Program Services	Research	318,116
	East Asia and the Pacific	0	5	Program Services	Research	543,869
	Europe (Including Iceland and Greenland)	0	44	Program Services	Research	1,701,909
	Middle East and North Africa	0	3	Program Services	Research	49,078
	North America	0	12	Program Services	Research	201,871
	Russia and the Newly Independent States	0	0	Program Services	Research	1,120
	South America	0	6	Program Services	Research	104,076
	South Asia	1	6	Program Services	Research	206,638
	Sub-Saharan Africa	0	19	Program Services	Research	1,149,821
	Central America and the Caribbean	0	0	Program Services	Seminar	37,878
	East Asia and the Pacific	0	0	Program Services	Seminar	46,179
	Europe (Including Iceland and Greenland)	0	0	Program Services	seminar	525,370
	Middle East and North Africa	0	0	Program Services	Seminar	72,110
	North America	0	0	Program Services	Seminar	133,561
	South America	0	0	Program Services	Seminar	49,798
	South Asia	0	0	Program Services	Seminar	21,093
	Sub-Saharan Africa	0	0	Program Services	Seminar	41,246
	East Asia and the Pacific	3	36	Program Services	Study Abroad	4,003,438
	Europe (Including Iceland and Greenland)	11	210	Program Services	Study Abroad	20,497,706
	South America	0	0	Program Services	Study Abroad	175
	East Asia and the Pacific	0	0	Program Services	Student Financial Aid	443,369
	Europe (Including Iceland and Greenland)	0	0	Program Services	Student Financial Aid	6,529,409
	North America	0	0	Program Services	Student Financial Aid	33,150
3a	Sub-total ....	0	0			758,442,728
b	Total from continuation sheets to Part I ...	15	343			84,386,058
c	Totals (add lines 3a and 3b)	15	343			842,828,786

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2021

Schedule F (Form 990) 2021

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	57,467	WIRE
Central America and the Caribbean	Research	7,571	WIRE
East Asia and the Pacific	Research	1,640,845	WIRE
East Asia and the Pacific	Research	624,311	WIRE
East Asia and the Pacific	Research	189,801	WIRE
East Asia and the Pacific	Research	130,793	WIRE
East Asia and the Pacific	Research	102,000	WIRE
East Asia and the Pacific	Research	48,972	WIRE
East Asia and the Pacific	Research	28,520	WIRE
East Asia and the Pacific	Research	26,879	WIRE
East Asia and the Pacific	Research	21,140	WIRE
Europe (Including Iceland and Greenland)	Research	3,886,590	WIRE
Europe (Including Iceland and Greenland)	Research	3,377,284	WIRE
Europe (Including Iceland and Greenland)	Research	2,809,604	WIRE
Europe (Including Iceland and Greenland)	Research	1,981,511	WIRE
Europe (Including Iceland and Greenland)	Research	1,734,108	WIRE
Europe (Including Iceland and Greenland)	Research	1,602,271	WIRE
Europe (Including Iceland and Greenland)	Research	1,456,599	WIRE
Europe (Including Iceland and Greenland)	Research	1,443,429	WIRE
Europe (Including Iceland and Greenland)	Research	1,312,893	WIRE
Europe (Including Iceland and Greenland)	Research	1,243,536	WIRE
Europe (Including Iceland and Greenland)	Research	1,174,969	WIRE
Europe (Including Iceland and Greenland)	Research	1,095,822	WIRE
Europe (Including Iceland and Greenland)	Research	916,625	WIRE
Europe (Including Iceland and Greenland)	Research	912,194	WIRE
Europe (Including Iceland and Greenland)	Research	837,879	WIRE
Europe (Including Iceland and Greenland)	Research	718,764	WIRE
Europe (Including Iceland and Greenland)	Research	574,820	WIRE
Europe (Including Iceland and Greenland)	Research	570,174	WIRE
Europe (Including Iceland and Greenland)	Research	523,003	WIRE
Europe (Including Iceland and Greenland)	Research	327,237	WIRE
Europe (Including Iceland and Greenland)	Research	326,162	WIRE
Europe (Including Iceland and Greenland)	Research	320,005	WIRE
Europe (Including Iceland and Greenland)	Research	259,689	WIRE
Europe (Including Iceland and Greenland)	Research	181,856	WIRE
Europe (Including Iceland and Greenland)	Research	96,062	WIRE
Europe (Including Iceland and Greenland)	Research	83,414	WIRE
Europe (Including Iceland and Greenland)	Research	49,993	WIRE
Europe (Including Iceland and Greenland)	Research	34,728	WIRE & CHECK
Europe (Including Iceland and Greenland)	Research	34,647	WIRE
Europe (Including Iceland and Greenland)	Research	29,538	WIRE
Europe (Including Iceland and Greenland)	Research	22,012	WIRE
Europe (Including Iceland and Greenland)	Research	20,391	WIRE
Europe (Including Iceland and Greenland)	Research	13,869	WIRE
Middle East and North Africa	Research	85,044	WIRE
North America	Research	64,686	CHECK
North America	Research	36,561	CHECK
North America	Research	14,289	CHECK
North America	Research	12,486	CHECK
South America	Research	33,472	WIRE
South Asia	Research	719,200	WIRE
South Asia	Research	460,283	WIRE
South Asia	Research	313,661	WIRE
South Asia	Research	93,305	WIRE
South Asia	Research	84,395	WIRE
South Asia	Research	48,855	WIRE
South Asia	Research	34,606	WIRE
South Asia	Research	31,061	WIRE
South Asia	Research	28,765	WIRE
Sub-Saharan Africa	Research	1,248,766	WIRE
Sub-Saharan Africa	Research	540,860	WIRE
Sub-Saharan Africa	Research	120,210	WIRE
Sub-Saharan Africa	Research	26,531	WIRE
Europe (Including Iceland and Greenland)	Research	596,026	WIRE & CHECK

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	36
3	Enter total number of other organizations or entities .......................	28

Schedule F (Form 990) 2021

Schedule F (Form 990) 2021Page 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	17	443,369	TUITION	COST
STUDENT FINANCIAL AID	Europe (Including Iceland and Greenland)	362	6,529,409	TUITION	COST
STUDENT FINANCIAL AID	North America	1	33,150	TUITION	COST

Schedule F (Form 990) 2021

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2021

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 SPONSORED PROGRAMS, POST AWARD. 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) 2021

Additional Data

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Software Version:

- TIN:

SCHEDULE G (Form 990)

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

2021

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?		(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
			Yes	No
	Development Guild DDI Inc One Boston Place Suite 2600 Boston, MA02108	Fundraising CONSULTANT		No		14,400
	Advanced Remarketing Services Inc 116 Johnny Cake Hill Middletown, RI02842	PROFESS. FUNDRAISER	Yes		901,165	188,429	712,736








Total . . . . . . . . . . . . . . . . . . . .					901,165	202,829	712,736

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) 2021

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 Pub Radio Gala (event type)	(c) Other events 1 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	674,755	670,157	88,700	1,433,612
2	Less: Contributions . . . .	34,518	651,457	57,530	743,505
3	Gross income (line 1 minus line 2) . . . . . .	640,237	18,700	31,170	690,107

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .		3,946	2,296	6,242
7	Food and beverages . . .		90,314	124,035	214,349
8	Entertainment . . . .		45,150	75,277	120,427
9	Other direct expenses . . .	411,576	75,323	65,724	552,623
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				893,641
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				-203,534

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) 2021

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) 2021

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

2021

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) Abt Associates Inc 10 Fawcett Street Cambridge,MA02138	42-2347643		5,906	Research
(2) Accelerate Diagnostics Inc 3950 S Country Club Rd Tucson,AZ85714	84-1072256		151,576	Research
(3) Achaogen Plan Trust Mclnnis Pkwy Ste San Rafael,CA94903	68-0533693		216,611	Research
(4) Advanced Building Analysis LLC 2 Woodlawn Street Amesbury,MA01913	26-3486448		65,324	Research
(5) Affinivax Inc 301 Binney St Cambridge,MA02142	46-4701432		3,336,045	Research
(6) American Academy of Pediatrics PO Box 776442 Chicago,IL60677	36-2275597	501 C 3	124,521	Research
(7) American College of Radiology 1891 Preston White Drive Reston,VA20191	36-2261602	501 C 3	1,600,225	Research
(8) American University of Beirut 3 Dag Hammarskjold Plaza 8th Floor New York,NY10017	13-5596846	501 C 3	21,748	Research
(9) Amicrobe Inc 3142 Tiger Run Court Suite 101 Carlsbad,CA92010	27-4438018		3,606,691	Research
(10) Andersonics LLC 18 Emerson Street Belmont,MA02478			37,008	Research
(11) Association for Clinical Pastoral Education 55 Ivan Allen Jr Blvd Atlanta,GA30308	58-1921094	501 C 3	23,950	Research
(12) Association of Maternal & Child Health 1825 K Street NW Washington,DC20006	52-1529448	501 C 3	30,425	Research
(13) Augusta University Research Institute PO Box 945552 Atlanta,GA30394	58-1418202	501 C 3	99,038	Research
(14) Avails Medical Inc 1455 Adams Drive Menlo Park,CA94025	46-4246007		1,580,380	Research
(15) Baebies Inc 615 Davis Dr Ste 800 Durham,NC27709	46-3482298		1,448,511	Research
(16) Banner Health 901 E Willetta Street Phoenix,AZ85006	45-0233470	501 C 3	173,033	Research
(17) Base Pair Biotechnologies 8619 Broadway St Pearland,TX77584	45-4702942		46,200	Research
(18) Bay Area Bioscience Center 685 Gateway Blvd S San Francisco,CA94080	94-3118621	501 C 3	23,451	Research
(19) Baylor College of Medicine PO Box 301207 Dallas,TX75303	74-1613878	501 C 3	183,450	Research
(20) Beckman Rsrch Inst of the City of Hope 1500 E Duarte Rd Duarte,CA91010	95-3432210	501 C 3	26,356	Research
(21) Bedford VA Research Corporation Inc 200 Springs Rd Bedford,MA01730	04-3512440	501 C 3	191,227	Research
(22) Bentley University 175 Forest Street Waltham,MA02452	04-1081650	501 C 3	96,524	Research
(23) Beth Israel Deaconess Medical Center 330 Brookline Ave Boston,MA02215	04-2103881	501 C 3	1,233,318	Research
(24) Board of Regents Univ of Nevada 4505 Maryland Pkwy Las Vegas,NV89154	88-6000024	501 C 3	7,667	Research
(25) Board of Trustees of the Leland Stanford PO Box 44253 San Francisco,CA94144	94-1156365	501 C 3	838,043	Research
(26) Board of Trustees of University of Illinois 28392 Network Place Chicago,IL60673	37-6000511	State Govt	161,563	Research
(27) Boston Housing Authority 52 Chauncy St Boston,MA02111	04-6001907	Local Govt	23,776	Research
(28) Boston Medical Center 660 Harrison AveGambro2RESFIN Boston,MA02118	04-3314093	501 C 3	2,302,283	Research
(29) Boston Medical Center Corporation 1 Boston Medical Center Place Boston,MA02118	04-3314093	501 C 3	110,000	Charitable donation
(30) Boston VA Research Institute Inc 150S Huntington Ave Boston,MA02130	04-3081524	501 C 3	47,598	Research
(31) Bowdoin College 5400 College Stations Brunswick,ME04011	01-0215213	501 C 3	76,519	Research
(32) Brandeis University 415 South St Waltham,MA02454	04-2103552	501 C 3	169,250	Research
(33) Brigham and Women's Hospital Inc 399 Revolution Drive Somerville,MA02145	04-2312909	501 C 3	25,000	Charitable donation
(34) Bronx Veterans Medical Research Foundation 130 West Kingsbridge Road Bronx,NY10468	13-3699250	501 C 3	23,592	Research
(35) Brown University 69 Brown St Providence,RI02912	05-0258809	501 C 3	795,916	Research
(36) Bugworks Research Inc 41635 Joyce Ave Fremont,CA94539	46-4722591		1,434,458	Research
(37) Butler Hospital 350 Duncan Dr Providence,RI02906	05-0258812	501 C 3	119,586	Research
(38) California Institute of Technology 1200 E California Blvd Pasadena,CA91125	95-1643307	501 C 3	22,986	Research
(39) Cardiovascular Engineering Inc 1 Edgewater Drive Norwood,MA02062	04-3428135		212,895	Research
(40) Carnegie Mellon University PO Box 371032 Pittsburgh,MA15250	25-0969449	501 C 3	435,450	Research
(41) Cedars-Sinai Medical Center 8700 Beverly Blvd Los Angeles,CA90048	95-1644600	501 C 3	220,533	Research
(42) Cellics Therapeutics Inc 11588 Sorrento Valy Rd San Diego,CA92121	46-5220148		2,229,917	Research
(43) Center for Innovative Public Health 555 N El Camino San Clemente,CA92672	20-0165973	501 C 3	40,495	Research
(44) CHILDRENS HOSPITAL COLORADO 13123 E 16th Ave Aurora,CO80045	84-0166760	501 C 3	17,809	Research
(45) Childrens Hospital Corporation PO Box 414413 Boston,MA02241	04-2774441	501 C 3	458,930	Research
(46) Childrens Hospital of Wisconsin Inc 9000 W Wisconsin Ave Milwaukee,WI53226	39-0812532	501 C 3	77,803	Research
(47) Circle Inc PO Box 652 Barre,VT05641	03-0331147	501 C 3	33,249	Research
(48) Clarametyx Biosciences Inc 1275 Kinnear Rd Columbus,OH43212	84-4245308		5,493,193	Research
(49) Cleveland Clinic Foundation PO Box 931562 Cleveland,OH44193	34-0714585	501 C 3	20,459	Research
(50) Clinton Health Access Initiative Inc 383 Dorchester Ave Boston,MA02127	27-1414646	501 C 3	185,393	Research
(51) Colorado Department of Public Health 4300 Cherry Creek Dr S Denver,CO80246	84-0644739	State Govt	15,704	Research
(52) Colorado Seminary PO Box 911811 OSP Denver,CO80291	84-0404231	501 C 3	448,666	Research
(53) Colorado State University 2002 Campus Delivery Fort Collins,CO80523	84-6000545	State Govt	80,870	Research
(54) Commonwealth of Kentucky Cabinet fo 310 Whittington Pkwy Louisville,KY40222	61-6001481	State Govt	238,921	Research
(55) Contrafect Corp 28 Wells Ave 3rd Fl Yonkers,NY10701	39-2072586		3,144,521	Research
(56) Cornell University PO Box 22 Ithaca,NY14851	15-0532082	501 C 3	543,156	Research
(57) Dana-Farber Cancer Institute Inc 450 Brookline Ave Boston,MA02215	04-2263040	501 C 3	269,832	Research
(58) Dartmouth-Hitchcock Clinic One Medical Center Drive Lebanon,NH03756	22-2519596	501 C 3	122,817	Research
(59) Day Zero Diagnostics Inc 40 Guest Street Ste 3300 Boston,MA02465	81-2254210		3,196,186	Research
(60) Denver Research Institute 3401 Quebec St Ste 5000 Denver,CO80207	84-1392442	501 C 3	20,610	Research
(61) Dignity Health File 57431 Los Angeles,CA90074	94-1196203	501 C 3	5,453	Research
(62) Drexel University PO Box 95000 Philadelphia,PA19195	23-1352630	501 C 3	8,300	Research
(63) Duke University PO Box 602651 Charlotte,NC28260	56-0532129	501 C 3	162,086	Research
(64) Eastern Virginia Medical School 358 Mowbray Arch Norfolk,VA23507	54-6055378	501 C 3	263,397	Research
(65) EMORY UNIVERSITY PO Box 935084 Atlanta,GA31193	58-0566256	501 C 3	200,805	Research
(66) Endicott College 376 Hale St Beverly,MA01915	04-2103567	501 C 3	22,279	Research
(67) Entasis Therapeutics Inc 35 Gatehouse Drive Waltham,MA02451	47-3440942		2,633,304	Research
(68) Esplanade Association Inc 575 Boylston St Boston,MA02116	04-3550635	501 C 3	10,600	Charitable donation
(69) Facile Therapeutics Inc 2708 Wemberly Drive Belmont,CA94002	82-0616802		33,551	Research
(70) Family Health International 359 Blackwell Street 200 Durham,NC27701	23-7413005	501 C 3	51,242	Research
(71) Family Voices 561 Virginia Rd Concord,MA01742	85-0430800	501 C 3	35,684	Research
(72) FERMI RESEARCH ALLIANCE LLC PO BOX 500 BATAVIA,IL60510	57-1239010	501 C 3	250,539	Research
(73) Florida International Univ BOT 11200 SW 8th St Miami,FL33199	65-0177616	501 C 3	683,738	Research
(74) Forge Therapeutics Inc 10578 Science Center Dr San Diego,CA92121	80-0940055		139,829	Research
(75) Forsyth Dental Infirmary for Children 245 First Street Cambridge,MA02142	04-2104230	501 C 3	466,459	Research
(76) Franklin & Marshall College PO Box 3003 Lancaster,PA17604	23-1352635	501 C 3	48,824	Research
(77) Franklin W Olin College of Engineering 1000 Olin Way Needham,MA02492	06-1519057	501 C 3	48,959	Research
(78) Fraunhofer USA Inc PO Box 673308 Detroit,MI48267	38-3203030	501 C 3	7,547	Research
(79) Fred Hutchinson Cancer Research Center 1100 Fairview Ave North Seattle,WA98109	23-7156071	501 C 3	31,829	Research
(80) General Electric Company LB645044 500 1stAve Pittsburgh,PA15219	14-0689340		143,007	Research
(81) George Mason University 4400 University Dr Fairfax,VA22030	54-0836354	State Govt	67,351	Research
(82) Georgetown University Box 571164 Washington,DC20057	53-0196603	501 C 3	78,039	Research
(83) Georgia Tech Research Corporation PO Box 100117 Atlanta,GA30384	58-0603146	501 C 3	36,994	Research
(84) Gillette Childrens Specialty Health 200 University Ave E Saint Paul,MN55101	36-3379150	501 C 3	106,707	Research
(85) GlaxoSmithKline Holdings Americas Inc 5 Crescent Drive Philadelphia,PA19112	51-0395640		6,166,429	Research
(86) GreenRoots Inc 227 Marginal St Suite 1 Chelsea,MA02150	81-2718273	501 C 3	158,892	Research
(87) Harvard Pilgrim Health Care Inc P O Box 3672 Boston,MA02241	04-2452600	501 C 3	27,797	Research
(88) Health Management Associates Inc 120 N Washington Square Lansing,MI48933	38-2599727	501 C 3	50,531	Research
(89) Health Research Inc PO Box 2966 Buffalo,NY14240	14-1402155	501 C 3	235,932	Research
(90) Hebrew Rehabilitation Center 1200 Centre Street Boston,MA02131	04-2104298	501 C 3	28,594	Research
(91) HelixBind Inc 181 Cedar Hill St Marlborough,MA01752	46-1399706		1,556,427	Research
(92) Henry Ford Health System One Ford Place Detroit,MI48202	38-1357020	501 C 3	101,999	Research
(93) Herrera Consulting Group LLC 6123 Utah Ave NW Washington,DC20015	81-2848801		7,275	Research
(94) Holyoke Health Center Inc 230 Maple Street Holyoke,MA01041	04-2492730	501 C 3	165,944	Research
(95) Horizon Research Inc 326 Cloister Court Chapel Hill,NC27514	56-1550276		74,667	Research
(96) Icahn School of Medicine at Mount Sinai 1 Gustave Levy Pl New York,NY10029	13-6171197	501 C 3	885,039	Research
(97) IHC Health Services Inc PO Box 57828 Salt Lake City,UT84157	94-2854057	501 C 3	31,432	Research
(98) Indiana University PO Box 78000 Dept 78867 Detroit,MI48278	35-6001673	State Govt	434,345	Research
(99) Information Technology and Innovation 700 K Street Washington,DC20001	20-4403497	501 C 3	50,018	Research
(100) Institute for Health and Recovery 349 Broadway Cambridge,MA02139	04-3086647	501 C 3	82,622	Research
(101) Institute for Life Science Entrepreneurship 1000 Morris Ave Union,NJ07083	46-5632420	501 C 3	362,893	Research
(102) Integrated BioTherapeutics 4 Research Court Rockville,MD20850	20-3052840		2,897,347	Research
(103) J Craig Venter Institute 4120 Capricorn Lane La Jolla,CA92037	52-1842938	501 C 3	434,031	Research
(104) Johns Hopkins Univ Applied Physics 11100 Johns Hopkins Road Laurel,MD20723	52-0595111	501 C 3	124,597	Research
(105) Johns Hopkins University 12529 Collections Center Drive Chicago,IL60693	52-0595110	501 C 3	468,076	Research
(106) Kaiser Foundation Research Institute 1800 HARRISON ST OAKLAND,CA94612	94-1105628	501 C 3	837,598	Research
(107) Kansas State University 2323 Anderson Avenue Manhattan,KS66502	48-0771751	501 C 3	14,035	Research
(108) Locus Biosciences Inc 523 Davis Drive Morrisville,NC27560	47-4084065		1,628,651	Research
(109) Louisiana State University and Agriculture 6400 Perkins Road Baton Rouge,LA70808	72-6000848	State Govt	273,679	Research
(110) Lowell Observatory 1400 W Mars Hill Road Flagstaff,AZ86001	86-0098918	501 C 3	20,878	Research
(111) Lumen Bioscience Inc 1441 N 34th St Seattle,WA98103	82-0810906		2,405,046	Research
(112) Lundquist Institute for Biomedical 1124 W Carson St Torrance,CA90502	95-2138184	501 C 3	829,218	Research
(113) Lytica Therapeutics Inc One International Pl Boston,MA02110	84-3243210		1,263,898	Research
(114) Massachusetts Alliance of Boys & Girls PO Box 815 Ludlow,MA01056	06-1684675	501 C 3	37,807	Research
(115) Massachusetts Green High Performance 100 Bigelow St Holyoke,MA01040	27-3014805	501 C 3	52,865	Research
(116) Massachusetts Institute of Technologt 77 Mass Ave CAMBRIDGE,MA02139	27-3014805	501 C 3	1,781,858	Research
(117) Mayo Clinic Jacksonville PO Box 860334 Minneapolis,MN55486	59-3337028	501 C 3	606,075	Research
(118) Medical University of South Carolina 1 So Pk Cir Charleston,SC29407	57-6000722	State Govt	64,948	Research
(119) Mental Health Center of Denver 4141 E Dickenson Pl Denver,CO80222	74-2499946	501 C 3	17,664	Research
(120) Mentor Washington 15500 SE30th Place Bellevue,WA98007	20-8335617	501 C 3	35,665	Research
(121) Merrimack College 315 Turnpike St North Andover,MA01845	04-2103731	501 C 3	20,423	Research
(122) Michigan State University 426 Auditorium Road East Lansing,MI48824	38-6005984	State Govt	33,841	Research
(123) Microbion Corporation 5 West Mendenhall St Bozeman,MT59715	92-0173760		2,378,106	Research
(124) Microbiotix Inc One Innovation Dr Worcester,MA01605	06-1538344		1,191,136	Research
(125) MicuRx Pharmaceuticals 555 Bryant St Palo Alto,CA94301	26-0358968		2,495,408	Research
(126) Miriam Hospital 1 Hoppin St Providence,RI02903	05-0258905	501 C 3	5,945	Research
(127) Mucommune LLC 1040 Dolores St San Francisco,CA94110	47-3360279		35,357	Research
(128) Museum of Science 1 Science Park Boston,MA02114	04-2103916	501 C 3	5,690	Research
(129) Mycosynthetix Inc 505 Meadowlands Dr Hillsborough,NC27278	36-4468884		43,701	Research
(130) New Hampshire Public Health Association 4 Park St Concord,NH03301	02-0453814	501 C 3	47,284	Research
(131) New York University PO Box 415026 Boston,MA02241	13-5562308	501 C 3	149,234	Research
(132) North Carolina State University Box 721 Raleigh,NC27695	56-6000756	501 C 3	145,596	Research
(133) Northeastern University 360 Huntington Ave Boston,MA02115	04-1679980	501 C 3	224,130	Research
(134) Northern California Institute for Research 4150 Clement St San Francisco,CA94121	94-3084159	501 C 3	283,872	Research
(135) Northwestern University 633 Clark Street Evanston,IL60208	36-2167817	501 C 3	189,914	Research
(136) Nova Southeastern University 3301 College Ave Fort Lauderdale,FL33314	59-1083502	501 C 3	157,166	Research
(137) Novel Microdevices Inc 6200 Seaforth St Baltimore,MD21224	86-2171054		1,651,990	Research
(138) Novel Microdevices LLC 701 East Pratt St Baltimore,MD21202	47-1747787		1,257,820	Research
(139) Ohio University PO Box 960 Athens,OH45701	31-6402113	501 C 3	200,102	Research
(140) Oregon Health & Science University POB 3003 OPAM Portland,OR97208	93-1176109	501 C 3	38,985	Research
(141) OSU Oregon State University 312 Kerr Admin Bldg Corvallis,OR97331	48-1278540	State Govt	40,610	Research
(142) Parent Education Advocacy and Leadership 2325 E Carson St Pittsburgh,PA15203	20-2943378	501 C 3	6,218	Research
(143) Pattern Bioscience Inc 9600 Great Hills Trail Austin,TX78759	82-4883088		7,992,199	Research
(144) Peptilogics Inc 2730 Sidney St Pittsburgh,PA15203	46-3732713		4,802,154	Research
(145) Philadelphia HUNE Inc 2215 North Amer St Philadelphia,PA19133	23-3049815	501 C 3	12,793	Research
(146) Planetary Science Institute 1700 E Fort Lowell Rd Tucson,AZ85719	33-0175263	501 C 3	5,922	Research
(147) President & Fellows of Harvard College PO Box 415649 Boston,MA02241	04-2103580	501 C 3	1,708,420	Research
(148) Propel Careers 1 Broadway 14th Floor Cambridge,MA02142	27-1093470		28,200	Research
(149) Rabin Strategic Partners Inc 220 E 42nd St New York,NY10017	20-0554687		152,932	Research
(150) Raytheon Company PO BOX 419370 Boston,MA02215	95-1778500		178,072	Research
(151) Rector and Visitors of the Univ of PO Box 400195 Charlottesville,VA22904	54-6001796	501 C 3	1,334,178	Research
(152) Regents of the Univ of CA Santa Barbara SAASB Build Rm 1212 Santa Barbara,CA93106	95-6006145	501 C 3	79,159	Research
(153) Regents of The Univ of CA Santa Cruz 1156 High Street Santa Cruz,CA95064	94-1539563	501 C 3	8,098	Research
(154) Regents of the University of California PO Box 748872 Los Angeles,CA90074	94-6036493	501 C 3	1,648,001	Research
(155) Regents of the University of Colorado PO Box 910220 Denver,CO80291	84-6000555	501 C 3	464,936	Research
(156) Regents of the University of Minnesota PO Box 1450 Minneapolis,MN55485	41-6007513	501 C 3	33,682	Research
(157) Regents Univ of CA Los Angeles 405 Hilgard Ave Los Angeles,CA90095	95-6006143	501 C 3	2,009,753	Research
(158) Research Foundation for State University of NY P O Box 9 Albany,NY12201	14-1368361	501 C 3	29,987	Research
(159) Research Foundation of The City University 230 West 41st St New York,NY10036	13-1988190	501 C 3	29,023	Research
(160) Research Triangle Institute PO Box 896945 Charlotte,NC282896945	56-0686338	501 C 3	250,990	Research
(161) RMC Research Corporation 1501 Wilson Blvd Arlington,VA22209	52-0819071		18,764	Research
(162) Roger Williams University One Old Ferry Rd Bristol,RI02809	05-0277222	501 C 3	5,252	Research
(163) Rose Fitzgerald Kennedy Greenway Conservancy Inc 185 Kneeland Street Boston,MA02111	20-1678932	501 C 3	10,000	Charitable donation
(164) Rowan University 201 Mullica hill Road Glassboro,NJ08028	22-2482802	501 C 3	67,555	Research
(165) Rush University Medical Center 1700 W Van Buren St Chicago,IL60612	36-2174823	501 C 3	239,869	Research
(166) Rutgers The State University of NJ 33 Knightsbridge Rd Piscataway,NJ08854	22-6001086	501 C 3	117,758	Research
(167) San Francisco State University 1600 Holloway Ave San Francisco,CA94132	93-1137247	501 C 3	30,716	Research
(168) Seattle Childrens Hospital PO Box 24728 Seattle,WA98124	91-0564748	501 C 3	74,643	Research
(169) Seattle Institute for Biomedical an 1660 S Columbian Way Seattle,WA98108	91-1452438	501 C 3	378,720	Research
(170) Seres Therapeutics Inc 200 Sidney Street Cambridge,MA02139	27-4326290		1,150,339	Research
(171) SosteNica Inc 1019 Ashley Rd West Chester,PA19382	23-3061896		215,381	Research
(172) South Florida Veterans Affairs Foundation 1201 NW 16th St Miami,FL33125	65-0207903	501 C 3	39,285	Research
(173) Southwest Research Institute 6220 Culebra Rd San Antonio,TX78238	74-1070544	501 C 3	29,740	Research
(174) Space Science Institute 4765 Walnut Street Ste B Boulder,CO80301	84-1215290	501 C 3	118,824	Research
(175) Stanley Street Treatment and Resource 386 Stanley Street Fall River,MA02720	04-2604426	501 C 3	26,480	Research
(176) State of Alabama 602 South Lawrence St Montgomery,AL36104	63-6000619	State Govt	53,778	Research
(177) State of Indiana 2 N Meridian St Indianapolis,IN462043021	35-6000158	State Govt	135,000	Research
(178) State of Maryland 4101 Chesapeake Bldg College Park,MD20742	52-6002033	State Govt	213,740	Research
(179) State of Mississippi-University of MS 2500 North State Street Jackson,MS39216	64-6008520	State Govt	268,391	Research
(180) Suffolk University 73 Tremont St ORSP Boston,MA02108	04-2133255	501 C 3	25,000	Research
(181) Syracuse University 640 Skytop Rd Syracuse,NY13244	15-0532081	501 C 3	56,939	Research
(182) Taxis Pharmaceuticals Inc 9 Deer Park Dr Monmouth Junction,NJ08852	26-4516108		933,421	Research
(183) Temple University of the Commonwealth PO Box 824242 Philadelphia,PA19182	23-1365971	501 C 3	19,423	Research
(184) TERC Inc 2067 Massachusetts Ave Cambridge,MA02140	04-6134355	501 C 3	227,379	Research
(185) Texas A&M Engineering Experiment St 400 Harvey Mchl Pkwy College Station,TX77845	74-1974733	501 C 3	160,494	Research
(186) Texas A&M University 400 Harvey Mitchell Pky So Ste 300 College Station,TX77845	74-6000531	State Govt	6,168	Research
(187) The Brigham & Womens Hospital Inc PO Box 3887 Boston,MA02241	04-2312909	501 C 3	1,603,837	Research
(188) The Broad Institute Inc 415 Main Street Cambridge,MA02142	26-3428781	501 C 3	552,361	Research
(189) The Center for Health Policy Development Two Monument Square Portland,ME04101	52-1576801	501 C 3	93,318	Research
(190) The Childrens Hospital of Philadelphia PO Box 8500 Philadelphia,PA19178	23-1352166	501 C 3	50,130	Research
(191) The Florida State University PO Box 3064166 Tallahassee,FL32306	59-1961248	State Govt	60,723	Research
(192) The General Hospital Corporation PO Box 3829 Boston,MA02241	04-2697983	501 C 3	2,468,072	Research
(193) The George Washington University PO Box 829896 Philadelphia,PA19182	53-0196584	501 C 3	102,227	Research
(194) The Henry M Jackson Foundation for the Adv 6720-A Rockledge Dr Bethesda,MD20817	52-1317896	501 C 3	55,262	Research
(195) The Jackson Laboratory 610 Main Street Bar Harbor,ME04609	01-0211513	501 C 3	199,449	Research
(196) The John B Pierce Laboratory Inc 290 Congress Ave New Haven,CT06519	06-0646780	501 C 3	189,780	Research
(197) The McLean Hospital Corporation PO Box 3951 Boston,MA02241	04-2697981	501 C 3	240,869	Research
(198) The Methodist Hospital Research Institute POB 4806 Houston,TX77210	87-0721923	501 C 3	122,174	Research
(199) The MGH Institute of Health Profess 399 Revolution Dr Somerville,MA02145	04-2868893	501 C 3	220,980	Research
(200) The Regents of the University of California PO Box 741539 Los Angeles,CA90074	94-6002123	501 C 3	1,025,614	Research
(201) The Regents of the University of MI 3003 S State St Ann Arbor,MI48109	38-6006309	501 C 3	1,764,590	Research
(202) The Scripps Research Institute P O Box 843209 Dallas,TX75284	33-0435954	501 C 3	47,553	Research
(203) The Spaulding Rehabilitation Hospital 399 Revolution Dr Somerville,MA02145	04-2551124	501 C 3	30,842	Research
(204) The Thresholds P O Box 87618 Chicago,IL60680	36-2518901	501 C 3	10,882	Research
(205) The Trustees of Columbia University PO Box 29789 New York,NY10087	13-5598093	501 C 3	700,006	Research
(206) The Trustees of Princeton University 701 Carnegie Center Princeton,NJ08540	21-0634501	501 C 3	417,915	Research
(207) The Trustees of Purdue University 23510 Network Pl Chicago,IL60673	35-6002041	State Govt	13,050	Research
(208) The University of Alabama in Huntsville 301 Sparkman Dr Huntsville,AL35899	63-0520830	State Govt	25,208	Research
(209) The University of Arizona PO Box 41867 Tucson,AZ85717	74-2652689	State Govt	86,077	Research
(210) The University of Chicago 6054 So Drexel Ave Chicago,IL60637	36-2177139	501 C 3	153,752	Research
(211) The University of Rhode Island 70 Lower College Rd Kingston,RI02881	05-6000522	501 C 3	32,441	Research
(212) The University of South Carolina 1600 Hampton St Columbia,SC29208	57-6001153	501 C 3	22,356	Research
(213) The University of Texas at Austin P O Box 7159 Austin,TX78713	74-6000203	State Govt	898,356	Research
(214) The Vanderbilt University 2301 Vanderbuilt Place Nashville,TN37240	62-0476822	501 C 3	121,383	Research
(215) Theatre Community Benevolent Fund 411A Highland Avenue 327 Somerville,MA02144	31-1712935	501 C 3	9,150	Charitable donation
(216) THIRD SECTOR NEW ENGLAND INC 89 South Street 700 Boston,MA02111	04-2261109	501 C 3	118,549	Research
(217) Trellis Bioscience Inc 702 Marshall St Redwood City,CA94063	27-2173377		1,755,059	Research
(218) Trustees of Dartmouth College 11 Rope Ferry Rd 6210 Hanover,NH03755	02-0222111	501 C 3	68,316	Research
(219) Trustees of Tufts College 136 Harrison Ave Boston,MA02111	04-2103634	501 C 3	309,151	Research
(220) Tufts Medical Center Inc 800 Washington St Box 453 Boston,MA02111	04-3400617	501 C 3	216,831	Research
(221) University Corporation for Atmosphe PO Box 3000 Boulder,CO80307	84-0412668	501 C 3	31,611	Research
(222) University Corporation for Atmospheric 1720 2nd Ave S Birmingham,AL35294	63-6005396	501 C 3	2,200,410	Research
(223) University of Alaska PO Box 757880 Fairbanks,AK99775	92-6000147	State Govt	39,559	Research
(224) University of Arkansas Fayetteville PO Box 1404 Fayetteville,AR72702	71-6003252	501 C 3	102,691	Research
(225) University of Connecticut 438 Whitney Rd Storrs,CT06269	06-0772160	State Govt	270,327	Research
(226) University of Delaware 116 Student Services Bldg Newark,DE19716	51-6000297	501 C 3	213,315	Research
(227) University of Florida PO Box 113001 Gainesville,FL32611	59-6002052	State Govt	99,087	Research
(228) University of Georgia Research Foundation 310 East Campus Rd Athens,GA30602	58-1353149	501 C 3	222,514	Research
(229) University of Houston POB 988 Houston,TX77001	74-6001399	State Govt	144,616	Research
(230) University of Kentucky Research Foundation P O Box 931113 Cleveland,OH44193	61-6033693	501 C 3	103,318	Research
(231) University of Louisville 300 E Market St Louisville,KY40202	61-1014882	501 C 3	836,950	Research
(232) University of Massachusetts 285 Old Westport Rd North Dartmouth,MA02747	04-3167352	501 C 3	1,082,222	Research
(233) University of Missouri PO Box 807012 Kansas City,MO64180	43-6003859	State Govt	37,933	Research
(234) University of New England 11 Hills Beach Rd Biddeford,ME04005	01-0211810	501 C 3	33,367	Research
(235) University of New Mexico 1 Univ of New Mexico Albuquerque,NM87131	85-6000642	State Govt	22,500	Research
(236) University of North Carolina - Chapel Hill PO Box 402420 Atlanta,GA30384	56-6001393	501 C 3	303,608	Research
(237) University of North Carolina Greensboro PO Box 26170 Greensboro,NC27402	56-6001468	501 C 3	50,572	Research
(238) University of North Dakota 264 Centennial Dr Grand Forks,ND58202	45-6002491	State Govt	190,234	Research
(239) University of North Texas Health Sciences 3500 Camp Bowie Blvd Fort Worth,TX76107	75-6064033	501 C 3	54,794	Research
(240) University of Notre Dame du Lac 836a Grace Hall RSPA Notre Dame,IN46556	35-0868188	501 C 3	10,384	Research
(241) UNIVERSITY OF PENNSYLVANIA PO Box 785541 Philadelphia,PA19178	23-1352685	501 C 3	1,851,917	Research
(242) University of Pittsburgh 500 Ross St Pittsburgh,PA15262	25-0965591	State Govt	171,290	Research
(243) University of Rochester 910 Genesee St Rochester,NY14642	16-0743209	501 C 3	409,021	Research
(244) University of Texas at Dallas 800 W Campbell Rd Richardson,TX75080	75-1305566	State Govt	34,970	Research
(245) UNIVERSITY OF TEXAS HEALTH SCIENCE PO Box 1898 San Antonio,TX78297	74-1586031	State Govt	884,713	Research
(246) University of Utah 201 S Presidents C Salt Lake City,UT84112	87-6000525	State Govt	36,112	Research
(247) University of Vermont & State Agriculture PO Box 1389 Williston,VT05495	03-0179440	501 C 3	952,824	Research
(248) University of Washington 12455 Collections Drive Chicago,IL60693	91-6001537	501 C 3	1,060,804	Research
(249) University of Wisconsin Drawer 538 Milwaukee,WI53278	39-1805963	State Govt	151,834	Research
(250) UT MD Anderson Cancer Center PO Box 4266 Houston,TX77210	74-6001118	State Govt	172,988	Research
(251) Utica College 1600 Burrstone Rd Utica,NY13502	16-1476258	501 C 3	145,737	Research
(252) Vanderbilt University PO Box 121236 Dallas,TX75312	35-2528741	501 C 3	260,893	Research
(253) Vaxcyte Inc 825 Industrial Rd San Carlos,CA94070	46-4233385		1,627,355	Research
(254) Vedanta Biosciences Inc 19 Blackstone St Cambridge,MA02139	27-5440202		1,671,542	Research
(255) VenatoRx Pharmaceuticals Inc 30 Spring Mill Dr Malvern,PA19355	27-2782193		1,302,079	Research
(256) Vermont Public Health Association Inc PO Box 732 Burlilngton,VT05401	02-0608866	501 C 3	17,060	Research
(257) Veterans Education and Research Association 215 N Main St White River Junction,VT05001	22-3091219	501 C 3	27,444	Research
(258) Veterans Research Fnd of Pittsburgh University Dri Pittsburgh,PA15240	25-1666090	501 C 3	29,101	Research
(259) Virginia Polytechnic Institute & St N End CtrSte 4200 Blacksburg,VA24061	54-6001805	State Govt	188,842	Research
(260) Wake Forest University Health Science EPICARE 525Vine WinstonSalem,NC27157	22-3849199	501 C 3	47,451	Research
(261) Washington University 700 Rosedale Avenue Saint Louis,MO63112	43-0653611	501 C 3	369,492	Research
(262) Wayne State University 5057 Woodward Detroit,MI48202	38-6028429	501 C 3	129,868	Research
(263) Wellesley College 106 Central Street Wellesley,MA02481	04-2103637	501 C 3	123,142	Research
(264) West End House Inc 105 Allston Street Allston,MA02134	04-2105825	501 C 3	7,500	Charitable donation
(265) West Virginia University Research Center PO Box 6002 Morgantown,WV26506	55-0665758	501 C 3	33,134	Research
(266) William Marsh Rice University PO Box 1892 Houston,TX77251	74-1109620	501 C 3	50,248	Research
(267) Worcester Polytechnic Institute 100 Institute Rd Worcester,MA01609	04-2121659	501 C 3	76,125	Research
(268) Yale University PO Box 1873 New Haven,CT06508	06-0646973	501 C 3	158,729	Research
(269) Yeshiva University 1300 Morris Park Ave Bronx,NY10461	13-1624225	501 C 3	743,500	Research
(270) ZabBio Inc 6160 Lusk Blvd San Diego,CA92121	82-2969965		592,600	Research

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

221

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) 2021

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 Auxiliary	20281	8,004,641	568,292,426	COST	TUITION OFFSET
(2) Stipend and Fellowship	4279	34,652,958
(3) Emergency Financial Aid Grants from the HEERF	10360	21,425,800
(4) PhD Student COVID-19 Assistance	2031	2,004,000
(5) Prizes and awards	810	1,200,446
(6) Honorarium	2515	2,505,552
(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 SPONSORED PROGRAMS, POST AWARD. 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. ALL GRANTS AND OTHER STUDENT FINANCIAL AID IS DESIGNATED FOR EDUCATIONAL PURPOSES ONLY. THE UNIVERSITY RECEIVED $21,425,800 OF FUNDING UNDER THE AMERICAN RESCUE PLAN, PUBLIC LAW 117-2 (ARP), USED TO PROVIDE EMERGENCY FINANCIAL AID TO STUDENTS DURING THE YEAR ENDED JUNE 30, 2022. STARTING IN SEPTEMBER 2020, BOSTON UNIVERSITY MEETS 100% OF THE DEMONSTRATED FINANCIAL NEED FOR ADMITTED, FIRST-YEAR STUDENTS WHO ARE U.S. CITIZENS OR PERMANENT RESIDENTS.

Schedule I (Form 990) 2021

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

2021

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? ......................

Yes

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) 2021

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, 1099-MISC compensation, and/or 1099-NEC			(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)	1,113,468 -------------	-------------	427,569 -------------	213,100 -------------	278,311 -------------	2,032,448 -------------	160,000 -------------
2PUSHKAR MEHRA PROFESSOR & ORAL SURGEON	(i) (ii)	491,988 -------------	1,238,177 -------------	126,299 -------------	600 -------------	29,704 -------------	1,886,768 -------------	-------------
3TONY TANNOURY PROFESSOR & PHYSICIAN	(i) (ii)	------------- 1,358,456	-------------	------------- 2,622	------------- 600	------------- 106,323	------------- 1,468,001	-------------
4XINNING LI PROFESSOR & PHYSICIAN	(i) (ii)	------------- 1,387,295	-------------	------------- 1,154	------------- 450	------------- 28,025	------------- 1,416,924	-------------
5CLARISSA HUNNEWELL CHIEF INVESTMENT OFFICER	(i) (ii)	688,050 -------------	529,732 -------------	5,057 -------------	600 -------------	819 -------------	1,224,258 -------------	-------------
6WILLIAM CREEVY PROFESSOR & PHYSICIAN	(i) (ii)	------------- 956,780	------------- 202,650	------------- 7,239	------------- 600	------------- 27,453	------------- 1,194,722	-------------
7JEAN MORRISON UNIVERSITY PROVOST	(i) (ii)	767,080 -------------	-------------	80,754 -------------	75,600 -------------	176,638 -------------	1,100,072 -------------	37,500 -------------
8KAREN H ANTMAN MEDICAL CAMPUS PROVOST	(i) (ii)	915,700 -------------	-------------	8,959 -------------	600 -------------	521 -------------	925,780 -------------	-------------
9GARY W NICKSA SR VP, CFO, TRS(AS OF 10/1/21)	(i) (ii)	596,674 -------------	-------------	4,437 -------------	600 -------------	28,782 -------------	630,493 -------------	-------------
10ERIKA GEETTER SR VP, GEN COUNSEL, BOARD SEC	(i) (ii)	616,366 -------------	-------------	2,931 -------------	600 -------------	2,127 -------------	622,024 -------------	-------------
11MARTIN J HOWARD SR VP, CFO, TRS(UNTIL 10/1/21)	(i) (ii)	572,496 -------------	-------------	3,663 -------------	600 -------------	2,045 -------------	578,804 -------------	-------------
12DEREK HOWE SR VP FOR OP (AS OF 10/1/21)	(i) (ii)	394,232 -------------	-------------	964 -------------	12,480 -------------	19,271 -------------	426,947 -------------	-------------
13TODD L C KLIPP FMR SR VP, SR COUNSEL, & SECRE	(i) (ii)	-------------	-------------	283,102 -------------	-------------	-------------	283,102 -------------	283,102 -------------
14EILEEN B O'KEEFE TRUSTEE (UNTIL 5/30/22) & PROF	(i) (ii)	121,812 -------------	-------------	557 -------------	8,417 -------------	19,295 -------------	150,081 -------------	-------------
15KIMBERLY AS HOWARD TRUSTEE (AS OF 6/1/22) & PROF	(i) (ii)	146,542 -------------	-------------	193 -------------	9,261 -------------	557 -------------	156,553 -------------	-------------

Schedule J (Form 990) 2021

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 XINNING LI 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 $258,839 AND PROVOST MORRISON $147,463. (2) FIRST-CLASS TRAVEL: IN ACCORDANCE WITH THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES, ALL EMPLOYEES ARE REIMBURSED FOR ECONOMY AIRFARE. EXCEPTIONS FOR 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. PRESIDENT BROWN IS THE ONLY INDIVIDUAL REPORTED ON FORM 990, PART VII WHO TRAVELED FIRST-CLASS DURING CALENDAR YEAR 2021. (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 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. PRESIDENT BROWN IS THE ONLY INDIVIDUAL REPORTED ON FORM 990, PART VII WHO UTILIZED COMPANION TRAVEL DURING CALENDAR YEAR 2021.
SCHEDULE J, PART I, LINE 4B	(1) UNDER A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, ON JULY 31, 2021, PRESIDENT BROWN RECEIVED AN AMOUNT EQUAL TO 40% 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 $394,500 WAS DISTRIBUTED TO PRESIDENT BROWN IN CALENDAR YEAR 2021 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 $160,000. THIS AMOUNT IS THEREFORE REPORTED ON THIS YEAR'S SCHEDULE J, PART II, COLUMN (F). UNDER THE SAME SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, ON JULY 31, 2022, PRESIDENT BROWN WAS TO BECOME ENTITLED TO RECEIVE AN AMOUNT EQUAL TO 40% 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 $212,500 WAS ACCRUED FOR PRESIDENT BROWN IN CALENDAR YEAR 2021 AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (C) AS RETIREMENT AND OTHER DEFERRED COMPENSATION. (2) AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) AS OTHER REPORTABLE COMPENSATION ALSO INCLUDE CONTRIBUTIONS MADE BY THE UNIVERSITY IN CALENDAR YEAR 2021 TO AN IRC SECTION 457(B) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO PROVIDE FUTURE RETIREMENT BENEFITS TO PRESIDENT BROWN. (3) UNDER A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN, ON JULY 1, 2021, PROVOST MORRISON RECEIVED A FIXED AMOUNT THAT ACCRUED DURING 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 NONQUALIFIED DEFERRED COMPENSATION PLAN OF $75,000 WAS DISTRIBUTED TO PROVOST MORRISON IN CALENDAR YEAR 2021 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 $37,500. THIS AMOUNT IS THEREFORE REPORTED ON THIS YEAR'S SCHEDULE J, PART II, COLUMN (F). UNDER THE SAME SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN, ON JUNE 30, 2022, PROVOST MORRISON WAS TO BECOME ENTITILED TO RECEIVE A FIXED AMOUNT FOR THE PRECEDING 12-MONTH PERIOD. PROVOST MORRISON'S RIGHT TO SUCH PAYMENT WAS SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS AS WELL AS A SUBSTANTIAL RISK OF FOREFEITURE UNTIL THAT DATE. ACCORDINGLY, SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION OF $75,000 WAS ACCRUED FOR PROVOST MORRISON IN CALENDAR YEAR 2021 AND IS REPORTED ON SCHEDULE J, COLUMN (C) AS RETIREMENT AND OTHER DEFERRED COMPENSATION. (4) IN CALENDAR YEAR 2021, TODD KLIPP RECEIVED A LUMP-SUM DISTRIBUTION FROM AN IRC SECTION 457(B) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN THE AMOUNT OF $283,102. THIS PAYMENT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B) (III) AS OTHER REPORTABLE COMPENSATION. THE FULL DISTRIBUTION WAS PREVIOUSLY REPORTED AS RETIREMENT AND OTHER DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN (C) OF PRIOR FORM 990, THIS AMOUNT IS THEREFORE REPORTED ON THIS YEAR'S SCHEDULE J, PART II, COLUMN (F).
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 6B	DR. WILLIAM CREEVY RECEIVES AN ANNUAL BONUS PAYMENT BASED ON PRE-DETERMINED ANNUAL PERFORMANCE METRICS, WITH OPERATING INCOME AS ONE OF THE COMPONENTS.
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 2021 REPORTABLE COMPENSATION AND OTHER COMPENSATION FROM THE ORGANIZATION AND RELATED ENTITIES WAS GREATER THAN $150,000.

Schedule J (Form 990) 2021

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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

2021

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 (2014)	04-3431814	57583UL89	09-30-2014	35,000,000	REFUNDING 2004 & 2009 BOND ISSUES		X		X		X
	(2) MASS DEV FIN AGENCY- SER DD-1 AND DD-2 (2019)	04-3431814	57584VSM2	07-30-2019	98,375,886	REFUNDING SERIES H, Z-1, AND Z-2		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	0		107,475,000		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		233,015,994		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		0
7 Issuance costs from proceeds ...............	0		848,766		1,035,243		734,856
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		202,760,050		126,236,514		120,046,109
11 Other spent proceeds .............	162,740,000		335,500,000		105,744,237		0
12 Other unspent proceeds .............	0		0		0		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 2020, a current refunding issue)? ........	X		X		X			X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2020, an advance refunding issue)? ........		X		X		X		X
16 Has the final allocation of proceeds been made? ..........	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X		X		X

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

Cat. No. 50193E

Schedule K (Form 990) 2021

Page 2

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
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	X		X		X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X		X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............	X		X		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?	X		X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	0.883 %		0.160 %		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 .............	0.883 %		0.160 %
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

Schedule K (Form 990) 2021

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
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
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 I, LINE A(2)	MDFA 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 I, LINE B(2)	MDFA SERIES DD-1 AND DD-2 BONDS WERE ISSUED TO CURRENTLY REFUND MDFA SERIES Z-1 AND Z-2 BONDS IN THE AMOUNT OF $73,370,000 AND SERIES H BONDS IN THE AMOUNT OF $25,000,000.
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 $233,015,994 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $231,838,996 AND INVESTMENT EARNINGS TOTALING $1,176,998. 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 $848,776 IS COMPRISED OF ISSUANCE COSTS TOTALING $364,667 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $484,109. 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. ACTUAL COSTS DIFFER FROM ESTIMATES USED ON FORM 8038. COLUMN D: COST OF ISSUANCE IN THE AMOUNT OF $736,790 IS COMPRISED OF ISSUANCE COSTS TOTALING $434,529 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $302,261.
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 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, PART IV, LINE 2C	THE REBATE COMPUTATION FOR THE SERIES U-1, U-2, U-3, U-4, U-5, AND U-6 BONDS WAS PERFORMED IN MAY 2018. THE REBATE CALCULATION FOR THE SERIES X BONDS WAS PERFORMED IN APRIL 2018. THE REBATE CALCULATION FOR THE SERIES AA BONDS WAS PERFORMED IN SEPTEMBER 2020. THE REBATE CALCULATION FOR THE SERIES BB BONDS WAS PERFORMED IN APRIL 2021. THE REBATE CALCULATION FOR THE SERIES DD-1 AND DD-2 BONDS WAS PERFORMED IN JULY 2019.
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 (Form 990) 2021

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

2021

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 (2014)	04-3431814	57583UL89	09-30-2014	35,000,000	REFUNDING 2004 & 2009 BOND ISSUES		X		X		X
	(2) MASS DEV FIN AGENCY- SER DD-1 AND DD-2 (2019)	04-3431814	57584VSM2	07-30-2019	98,375,886	REFUNDING SERIES H, Z-1, AND Z-2		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	0		107,475,000		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		233,015,994		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		0
7 Issuance costs from proceeds ...............	0		848,766		1,035,243		734,856
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		202,760,050		126,236,514		120,046,109
11 Other spent proceeds .............	162,740,000		335,500,000		105,744,237		0
12 Other unspent proceeds .............	0		0		0		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 2020, a current refunding issue)? ........	X		X		X			X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2020, an advance refunding issue)? ........		X		X		X		X
16 Has the final allocation of proceeds been made? ..........	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X		X		X

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

Cat. No. 50193E

Schedule K (Form 990) 2021

Page 2

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
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	X		X		X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X		X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............	X		X		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?	X		X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	0.883 %		0.160 %		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 .............	0.883 %		0.160 %
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

Schedule K (Form 990) 2021

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
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
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 I, LINE A(2)	MDFA 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 I, LINE B(2)	MDFA SERIES DD-1 AND DD-2 BONDS WERE ISSUED TO CURRENTLY REFUND MDFA SERIES Z-1 AND Z-2 BONDS IN THE AMOUNT OF $73,370,000 AND SERIES H BONDS IN THE AMOUNT OF $25,000,000.
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 $233,015,994 IS COMPRISED OF THE ISSUE PRICE IN THE AMOUNT OF $231,838,996 AND INVESTMENT EARNINGS TOTALING $1,176,998. 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 $848,776 IS COMPRISED OF ISSUANCE COSTS TOTALING $364,667 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $484,109. 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. ACTUAL COSTS DIFFER FROM ESTIMATES USED ON FORM 8038. COLUMN D: COST OF ISSUANCE IN THE AMOUNT OF $736,790 IS COMPRISED OF ISSUANCE COSTS TOTALING $434,529 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $302,261.
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 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, PART IV, LINE 2C	THE REBATE COMPUTATION FOR THE SERIES U-1, U-2, U-3, U-4, U-5, AND U-6 BONDS WAS PERFORMED IN MAY 2018. THE REBATE CALCULATION FOR THE SERIES X BONDS WAS PERFORMED IN APRIL 2018. THE REBATE CALCULATION FOR THE SERIES AA BONDS WAS PERFORMED IN SEPTEMBER 2020. THE REBATE CALCULATION FOR THE SERIES BB BONDS WAS PERFORMED IN APRIL 2021. THE REBATE CALCULATION FOR THE SERIES DD-1 AND DD-2 BONDS WAS PERFORMED IN JULY 2019.
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 (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990)

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

2021

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 ............... $

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) 2021

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	188,687	SEE PART V	Yes
(2) J LAWFORD ANDERSON	SEE PART V	178,598	EMPLOYMENT COMPENSATION		No
(3) KEITH A BROWN	SEE PART V	164,619	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 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. AS PART OF THE NEGOTIATION PROCESS WITH THE COMPANY, THE UNIVERSITY COMPARED THESE ARRANGEMENTS TO OTHER VENUES WHICH HOST THE COMPANY'S PRODUCTIONS AND CONCLUDED THAT THE NEGOTIATED TERMS FOR THE UNIVERSITY WERE EQUAL TO, IF NOT MORE FAVORABLE THAN, THE TERMS RECEIVED BY OTHER VENUES. ALL DISCUSSIONS AND INTERACTIONS RELATING TO THESE TRANSACTIONS HAVE BEEN WITH BUSINESS PERSONNEL AT THE COMPANY OTHER THAN TRUSTEE FELD AND THERE IS NO EVIDENCE THAT TRUSTEE FELD HAS WEIGHED IN ON OR IN ANY WAY SOUGHT TO AFFECT UNIVERSITY DECISION-MAKING REGARDING THESE TRANSACTIONS. 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) 2021

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

2021

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	1	35,000	IND. APPRAISAL
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..	X	1,106	1,567,175	NET PROCEEDS
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	347	9,029,787	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 .....
19 Food inventory ...	X	1	4,690	IND. APPRAISAL
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( EQUPMT-MED, RESCH, EDU )	X	7	4,233,903	IND. APPRAISAL
26 Other ( DONATED AUCTION ITEMS )	X	16	93,300	IND. APPRAISAL
27 Other ( EVENT SUPPORT )	X	1	7,344	IND. APPRAISAL
28 Other ( SOFTWARE )	X	3	3	IND. APPRAISAL

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) (2021)

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 CONTRIBUTION TOTALS, NOT CONTRIBUTOR TOTALS.

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 ADVANCED REMARKETING SERVICES AND CAR TALK VEHICLE DONATION PROGRAM 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) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

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

2021

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 THREE CAMPUSES, BOSTON UNIVERSITY OFFERS ITS STUDENTS MORE THAN 300 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 75+ STUDY-ABROAD PROGRAMS OFFERING OPPORTUNITIES IN 20 COUNTRIES. 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.
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 VICE PRESIDENT OF OPERATIONS AND UNIVERSITY 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 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, Line 15B	EACH YEAR, INCLUDING THE YEAR COVERED BY THIS RETURN, THE FOLLOWING PROCESS IS USED TO ESTABLISH THE COMPENSATION FOR 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, GENERAL COUNSEL, AND SECRETARY OF THE BOARD OF TRUSTEES. THE 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 COMPARABLE COMPENSATION DATA 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 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 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. GARY W. NICKSA, 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. DEREK HOWE, 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. TONY TANNOURY, XINNING LI, AND WILLIAM CREEVY ARE ON THE LIST OF FIVE HIGHEST COMPENSATED EMPLOYEES OF BOSTON UNIVERSITY, EACH DEVOTING 55 HOURS OR LESS PER WEEK TO FACULTY PRACTICE PLANS. EILEEN O'KEEFE AND KIMBERLY A.S. HOWARD WERE COMPENSATED AS FACULTY MEMBERS, NOT AS TRUSTEES.
Form 990, Part XI, Line 9	OTHER CHANGES IN NET ASSETS OF FUND BALANCES GAIN ON INTEREST RATE EXCHANGE AGREEMENTS $129,339,139 UNREALIZED GAIN ON NON-INVESTMENT ASSETS $1,989,927 NET ACTUARIAL LOSS -$2,212,255 OTHER ADJUSTMENTS -$159,229 ---------------------- TOTAL $128,957,582

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

Cat. No. 51056K

Schedule O (Form 990) 2021

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

2021

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 (GT) Funding LLC 108 Bay State Road Boston,MA02215 87-0773653	Investments	DE	909,563	32,126,975	BU Trustees
(2) Pleasant Ventures Realty Trust 125 Bay State Road Boston,MA02215 04-3006700	Real Estate	MA	2,315,277	22,189,465	BU Trustees
(3) Scarlet Castle Brr-I LLC One Silber Way Boston,MA02215 82-1985611	Investments	MA	1,471,780	2,234,938	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) 2021

Page 2

Part III

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

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) EUSA LLP 1A QUEENSBERRY PLACE LONDON SW7 2DL UK	Education	UK	BU EUREUSA UK	RELATED	-871,004	642,343		No			No	100.000 %
(2) LVPU LP 10000 Memorial Drive Suite 550 Houston,TX77024 47-1582760	Investments	TX	BU Trustees	UNRELATED	-14,027	263,414		No	-5,064		No	100.000 %
(3) Brightstar Capital Partners Infraserv L 9859 Big Bend Blvd Suite 202 St Louis,MO63122 84-2093170	Investments	MO	BU Trustees	UNRELATED	121,330	313,562		No	121,162		No	59.480 %
(4) Brightstar Capital Partners Capstone LP 9859 Big Bend Blvd Suite 202 St Louis,MO63122 84-3024713	Investments	MO	BU Trustees	UNRELATED	1,531,992	7,208		No	-6,737		No	63.760 %

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	(h) Percentage ownership	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 - MA(14)	Support	MA	BU Trustees	Trust
(3) 660 Corporation 881 Commonwealth Avenue Boston,MA02215 04-2787737	Convenience Store	MA	520 Corp	C Corp	3,864,339	5,500,500	100.000 %	Yes
(4) Akeah Inc 881 Commonwealth Avenue Boston,MA02215 04-3003380	Edu Support	MA	520 Corp	C Corp	281,849	405,010	100.000 %	Yes
(5) Boston University (USA) Europe Limited 43 Harrington Gardens London SW7 4JU UK	Edu Support	UK	BU (USA) London	CORP.		2,266,545	100.000 %	Yes
(6) EUSA (UK) Limited 43 Harrington Gardens London SW7 4JU UK	Edu Support	UK	BU (USA) London	CORP.		3,125	100.000 %	Yes
(7) Scarlet Castle TIR-I LLC 881 Commonwealth Avenue Boston,MA02215 84-3380977	Investment	MA	BU Trustees	C Corp	10,696	32,726	100.000 %	Yes

Schedule R (Form 990) 2021

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

Yes

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

Yes

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

Yes

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

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) Boston University USA (Europe) Limited	a(i)	237,315	ACTUAL PAYMENTS
(2) 660 Corporation	a(iv)	474,006	ACTUAL PAYMENTS
(3) Brightstar Capital Partners InfraServ LP	b	290,967	ACTUAL PAYMENTS
(4) Charitable Remainder Trust (1)	c	208,357	FMV
(5) EUSA LLP	d	900,050	ACTUAL PAYMENTS
(6) 660 Corporation	l	100,000	ACTUAL PAYMENTS
(7) EUSA LLP	m	661,389	ACTUAL PAYMENTS
(8) Akeah Inc	r	200,000	ACTUAL PAYMENTS

Schedule R (Form 990) 2021

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?		(k) Percentage ownership
(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	(k) Percentage ownership

Schedule R (Form 990) 2021

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) 2021

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 2021 (Part V, line 2a) ......	5	25,806
6	Total number of volunteers (estimate if necessary) .............	6	73
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	27,668,968
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	671,730,194	752,663,973
9	Program service revenue (Part VIII, line 2g) .........	1,886,153,261	2,179,366,772
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	254,740,425	157,220,154
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	14,959,659	40,401,384
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	2,827,583,539	3,129,652,283
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	734,305,469	819,584,587
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)	1,156,647,315	1,333,460,319
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	10,261	202,829
b	Total fundraising expenses (Part IX, column (D), line 25) 28,535,223
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	580,156,479	685,016,911
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	2,471,119,524	2,838,264,646
19	Revenue less expenses. Subtract line 18 from line 12.......	356,464,015	291,387,637
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	8,292,157,093	8,017,718,487
21	Total liabilities (Part X, line 26).............	2,943,348,208	2,780,508,625
22	Net assets or fund balances. Subtract line 21 from line 20.....	5,348,808,885	5,237,209,862

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,658,881,812 including grants of $ 645,091,751 ) (Revenue $ 1,846,194,147 )
	SEE SCHEDULE O

4b	(Code: ) (Expenses $ 461,077,089 including grants of $ 174,492,836 ) (Revenue $ 22,054,777 )
	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 $ 318,290,393 including grants of $ ) (Revenue $ 311,117,848 )
	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.

	(Code: ) (Expenses $ 162,246,897 including grants of $ ) (Revenue $ )
	Other Program Services

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 162,246,897 including grants of $ ) (Revenue $ )
4e	Total program service expenses2,600,496,191

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	9,136,802	3,916,196	1,043,979

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	743,505
d	Related organizations		1d
e	Government grants (contributions)		1e	482,335,223

f	All other contributions, gifts, grants, and similar amounts not included above		1f	269,585,245

g	Noncash contributions included in lines 1a - 1f:$		1g	14,971,202

h Total. Add lines 1a-1f.......		752,663,973

		Business Code
2a	TUITION AND FEES	900099	1,846,194,147	1,846,194,147
b	AUX SALES & SERVICES	900099	311,117,848	311,117,848
c	NON-GOVERNMENT GRANTS	900099	22,054,777	22,054,777
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		2,179,366,772

3 Investment income (including dividends, interest, and othersimilar amounts) ......			20,025,305		2,264,744	17,760,561
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			3,487,018			3,487,018
		(ii) Personal	(i) Real
6a	Gross rents		29,790,144	6a
b	Less: rental expenses		13,746,680	6b
c	Rental income or (loss)	0	16,043,464	6c
d	Net rental income or (loss).......			16,043,464			16,043,464
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		2,652,921,316	7a
b	Less: cost or other basis and sales expenses		2,515,726,467	7b
c	Gain or (loss)		137,194,849	7c
d	Net gain or (loss).........			137,194,849		4,329,788	132,865,061
8a	Gross income from fundraising events (not including $ 743,505of contributions reported on line 1c). See Part IV, line 18 ....
			8a	690,107
b	Less: direct expenses ...		8b	893,641
c	Net income or (loss) from fundraising events..			-203,534			-203,534
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	REAL ESTATE AND RENTAL AND LEASING		530000	15,401,151		15,401,151
b	OTHER SERVICES		810000	2,962,937		2,962,937
c	ARTS, ENTERTAINMENT, AND RECREATION		710000	334,701		334,701
d	All other revenue ....			2,375,647		2,375,647
e	Total. Add lines 11a–11d ......			21,074,436
12	Total revenue. See instructions.....			3,129,652,283	2,179,366,772	27,668,968	169,952,570

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	137,049,797	137,049,797
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	638,085,823	638,085,823
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	44,448,967	44,448,967
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	5,979,944	4,565,843	504,216	909,885
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	343,217	343,217
7	Other salaries and wages........	1,013,525,577	899,870,127	95,707,066	17,948,384
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	91,488,850	81,229,408	8,639,279	1,620,163
9	Other employee benefits .......	139,340,610	123,715,134	13,157,912	2,467,564
10	Payroll taxes ...........	82,782,121	73,499,041	7,817,103	1,465,977
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	4,009,414		4,009,414
c	Accounting ...........	397,986		397,986
d	Lobbying ...........	467,524	467,524
e	Professional fundraising services. See Part IV, line 17	202,829			202,829
f	Investment management fees ......	3,848,532		3,848,532
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	140,456,968	106,602,405	32,351,157	1,503,406
12	Advertising and promotion ....	12,540,564	11,727,068	764,268	49,228
13	Office expenses .......	45,708,343	41,459,317	3,120,645	1,128,381
14	Information technology ......	46,560,270	41,765,795	4,688,669	105,806
15	Royalties ..	1,300,895	1,300,895
16	Occupancy ...........	189,926,034	169,487,722	20,436,411	1,901
17	Travel ............	17,596,499	15,792,587	795,902	1,008,010
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	8,114,737	7,722,667	309,228	82,842
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	147,070,261	138,377,651	8,687,675	4,935
23	Insurance ...	6,212,600	3,451,661	2,760,939
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	46,739,436	46,739,436
b	DUES & MEMBERSHIPS	6,345,643	5,092,334	1,221,706	31,603
c	BOOKS & PERIODICALS	5,130,281	5,130,281
d	EDUCATIONAL SERVICES	80,286	80,286
e	All other expenses	2,510,638	2,491,205	15,124	4,309
25	Total functional expenses. Add lines 1 through 24e	2,838,264,646	2,600,496,191	209,233,232	28,535,223
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 .........			435,018,912	2	416,602,234
3	Pledges and grants receivable, net ......			189,376,065	3	181,994,006
4	Accounts receivable, net .............			200,327,849	4	226,849,802
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			10,549,675	7	9,314,737
8	Inventories for sale or use ............			0	8	0
9	Prepaid expenses and deferred charges ......			70,284,276	9	55,399,864
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	5,056,964,387
b	Less: accumulated depreciation	10b	2,136,631,662	2,822,071,156	10c	2,920,332,725
11	Investments—publicly traded securities .			1,923,433,000	11	1,626,518,000
12	Investments—other securities. See Part IV, line 11 .....			2,517,960,754	12	2,468,593,790
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 ...........			123,135,406	15	112,113,329
16	Total assets. Add lines 1 through 15 (must equal line 33)...			8,292,157,093	16	8,017,718,487

17	Accounts payable and accrued expenses .....	280,587,031	17	284,912,443
18	Grants payable ...	0	18	0
19	Deferred revenue .........	287,401,478	19	314,551,627
20	Tax-exempt bond liabilities .........	1,079,879,716	20	1,075,879,716
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 ..	681,242,664	23	670,942,859
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	614,237,319	25	434,221,980
26	Total liabilities. Add lines 17 through 25..	2,943,348,208	26	2,780,508,625

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	3,018,754,818	27	3,153,996,472
28	Net assets with donor restrictions ...........	2,330,054,067	28	2,083,213,390
	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 ...........	5,348,808,885	32	5,237,209,862
33	Total liabilities and net assets/fund balances ........	8,292,157,093	33	8,017,718,487

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