Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
A For the 2023 calendar year, or tax year beginning 07-01-2023 , and ending 06-30-2024
BCheck if applicable:
CName of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
% MEDHA NARVEKAR SECRETARY
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
3451 WALNUT STREET ROOM 310
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA191046284
D Employer identification number

23-1352685
E Telephone number

G Gross receipts $ 20,371,067,204
F Name and address of principal officer:
DR J LARRY JAMESON
3451 WALNUT STREET
PHILADLEPHIA,PA19104
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.UPENN.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1740
M State of legal domicile: PA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE PROVISION OF EDUCATION, RESEARCH, AND CHARITABLE PATIENT CARE SERVICES.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 48
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 46
5 Total number of individuals employed in calendar year 2023 (Part V, line 2a) ...... 5 61,511
6 Total number of volunteers (estimate if necessary) ............. 6 29,646
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 43,186,704
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 10,679,955
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 1,895,456,000 1,881,283,000
9 Program service revenue (Part VIII, line 2g) ......... 6,677,710,200 7,398,261,644
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 689,529,000 1,136,096,000
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 662,555,800 331,425,356
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 9,925,251,000 10,747,066,000
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 578,553,509 643,902,139
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) 4,897,071,000 5,388,173,999
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 788,171 751,461
b Total fundraising expenses (Part IX, column (D), line 25) 125,653,782    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 3,787,951,320 3,967,094,401
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 9,264,364,000 9,999,922,000
19 Revenue less expenses. Subtract line 18 from line 12....... 660,887,000 747,144,000
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 32,928,091,000 34,038,997,000
21 Total liabilities (Part X, line 26)............. 7,560,308,000 7,613,267,000
22 Net assets or fund balances. Subtract line 21 from line 20..... 25,367,783,000 26,425,730,000
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2023)
Form 990 (2023)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") SEES ITSELF AS HAVING A PUBLIC SERVICE MISSION. IN SUCH REGARD, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 4,338,576,201 including grants of $ 641,675,543 ) (Revenue $ 3,033,620,713 )
EDUCATION, RESEARCH AND PUBLIC CHARITY- SEE SCHEDULE O FOR ADDITIONAL INFORMATION
4b (Code:   ) (Expenses $ 4,612,291,079 including grants of $ 2,226,596 ) (Revenue $ 4,346,951,000 )
PATIENT CARE- SEE SCHEDULE O FOR ADDITIONAL INFORMATION
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses8,950,867,280
Form 990 (2023)
Form 990 (2023)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment
List of Attached Documents:
// Content
.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part VClick to see attachment
List of Attached Documents:
// Content
......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
List of Attached Documents:
// Content
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....Click to see attachment
List of Attached Documents:
// Content
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
List of Attached Documents:
// Content
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................Click to see attachment
List of Attached Documents:
// Content
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....Click to see attachment
List of Attached Documents:
// Content
20a
Yes
 
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? Click to see attachment
List of Attached Documents:
// Content
20b
Yes
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2023)
Form 990 (2023)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see list of attachments
List of Attached Documents:
// Content
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .... Click to see attachment
List of Attached Documents:
// Content
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................Click to see attachment
List of Attached Documents:
// Content
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
Yes
 
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
List of Attached Documents:
// Content
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
Yes
 
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV..................... Click to see attachment
List of Attached Documents:
// Content
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
List of Attached Documents:
// Content
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
10,678
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2023)
Form 990 (2023)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
61,511
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: BC , CA , CJ , CH , HK , IN , EI , SW , TU , UK
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
Yes
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
2
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
No
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
Yes
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
No
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
No
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
No
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
Yes
 
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2023)
Form 990 (2023)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
48
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
46
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
Yes
 
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
AK , CO , CT , DC , FL , KS , KY , LA , MD , MA , MI , MN , NH , ND , OH , OK , OR , SC , UT , WA , WV
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MEDHA NARVEKAR SECRETARY211 COLLEGE HALL   PHILADELPHIA,PA191046303 (215) 898-7005
Form 990 (2023)
Form 990 (2023)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

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

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

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) AMMON PETER......................................................................
CHIEF INVESTMENT OFFICER
 55.0
.................
0.0 		      X     5,348,153 0 2,421,556
(2) JAMESON J LARRY DR......................................................................
PRES & TRUSTEE - AS OF 12/23
 55.0
.................
0.0 		X   X       5,137,869 0 1,298,151
(3) YOSHOR DANIEL MD......................................................................
NEUROSURGERY
 55.0
.................
0.0 		        X   2,749,755 0 83,252
(4) MAHONEY KEVIN......................................................................
CEO, UPHS
 42.0
.................
13.0 		      X     2,777,146 0 20,761
(5) STORM PHILLIP B MD......................................................................
CHOP - NEUROSURGERY
 55.0
.................
0.0 		        X   2,429,574 0 59,683
(6) TAYLOR JESSE MD......................................................................
CHOP - PLASTIC SURGERY
 55.0
.................
0.0 		        X   2,357,507 0 59,728
(7) ADZICK N SCOTT MD......................................................................
CHOP - SURGERY
 55.0
.................
0.0 		        X   2,352,177 0 54,050
(8) MARCOTTE PAUL MD......................................................................
NEUROSURGERY
 55.0
.................
0.0 		        X   2,357,514 0 41,990
(9) MAGILL M ELIZABETH......................................................................
PRES & TRUSTEE - THRU 12/23
 55.0
.................
0.0 		X   X       2,234,131 0 112,314
(10) DRISCOLL DEBORAH A MD......................................................................
SVP CPUP, VICE DEAN PSOM
 53.0
.................
2.0 		      X     2,124,039 0 34,248
(11) KASPER KEITH......................................................................
CFO, UPHS
 41.0
.................
14.0 		      X     1,810,167 0 236,866
(12) CUNNINGHAM REGINA......................................................................
CEO HUP
 54.0
.................
1.0 		      X     1,804,032 0 18,243
(13) PRITCHETT WENDELL......................................................................
FORMER PROVOST
 53.0
.................
2.0 		          X 1,641,973 0 62,351
(14) CARNAROLI CRAIG......................................................................
EXECUTIVE VP
 54.0
.................
1.0 		    X       1,215,237 0 399,165
(15) VOLPE MICHELLE......................................................................
COO UPHS
 50.0
.................
5.0 		      X     1,396,534 0 15,224
(16) EPSTEIN JON MD......................................................................
VICE DEAN, PSOM
 55.0
.................
0.0 		      X     1,309,872 0 54,337
(17) HUSSON JAMES......................................................................
VP DEVELOPMNT & ALUMI RELATION
 55.0
.................
0.0 		    X       1,145,769 0 135,372
Form 990 (2023)
Form 990 (2023)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) WHITE WENDY........................................................................
SVP & GENERAL COUNSEL
 54.0
.......................1.0 		    X       1,096,256 0 58,751
(19) JACKSON JOHN PHD........................................................................
PROVOST
 54.0
.......................1.0 		    X       938,387 0 80,422
(20) MURPHY THOMAS........................................................................
SVP ISC & CIO
 55.0
.......................0.0 		    X       842,823 0 108,673
(21) NARVEKAR MEDHA........................................................................
VP & SECRETARY
 55.0
.......................0.0 		    X       785,530 0 82,208
(22) PAPAGEORGE ANNE........................................................................
SR VP FACILITIES & REAL ESTATE
 53.0
.......................2.0 		    X       707,284 0 75,096
(23) MASOTTI CHRISTOPHER........................................................................
VICE DEAN, ADMINISTRATION PSOM
 55.0
.......................0.0 		      X     686,367 0 92,022
(24) DINGFIELD MARK........................................................................
VP FINANCE & TREASURER
 54.0
.......................1.0 		    X       656,626 0 74,894
(25) HEUER JOHN J........................................................................
SVP HUMAN RESOUR-THRU 6/30/24
 55.0
.......................0.0 		    X       633,241 0 89,567
(26) MITCHELL JOANN........................................................................
SVP FOR INSTITUTIONAL AFFAIRS
 55.0
.......................0.0 		    X       665,861 0 51,313
(27) JOHNSTON ELIZABETH........................................................................
FORMER EXEC. DIRECTOR CPUP
 54.0
.......................1.0 		          X 658,654 0 21,617
(28) LEWIS TREVOR........................................................................
VP BUDGET & MGMT ANALYSIS
 55.0
.......................0.0 		    X       599,731 0 79,730
(29) SESTITO JOHN........................................................................
VP & EXECUTIVE DIRECTOR CPUP
 55.0
.......................0.0 		      X     576,461 0 74,885
(30) COOPER JEFFREY........................................................................
VP GOV'T & COMMUNITY RELATIONS
 55.0
.......................0.0 		    X       585,075 0 60,791
(31) WITT MARIE........................................................................
VP BUSINESS SERVS-THRU 5/31/24
 55.0
.......................0.0 		    X       527,502 0 63,823
(32) LOPEZ STACEY........................................................................
VP INSTITUTIONAL RESEARCH
 55.0
.......................0.0 		    X       521,438 0 58,621
(33) PELLICANO GREGORY........................................................................
VP AUDIT, COMPLIANCE & PRIV'Y
 54.0
.......................1.0 		    X       468,344 0 95,509
(34) CITRO MICHAEL........................................................................
VP AND CHIEF OF STAFF
 54.0
.......................1.0 		    X       486,773 0 61,886
(35) MACCARTHY STEPHEN J........................................................................
FORMER VP COMMUNICATIONS
 55.0
.......................0.0 		          X 469,092 0 57,439
(36) DILEO RUSSELL........................................................................
COMPTROLLER
 55.0
.......................0.0 		    X       409,859 0 87,462
(37) HOWARD CHARLES........................................................................
VP SOC EQ & COMM, UNIV. CHAPLN
 55.0
.......................0.0 		    X       362,540 0 104,624
(38) ANDERSON KATHLEEN........................................................................
VP FOR PUBLIC SAFETY
 54.0
.......................1.0 		    X       343,458 0 57,226
(39) ROST GREGORY........................................................................
FORMER SVP & CHIEF OF STAFF
 0.0
.......................0.0 		          X 284,992 0 54,158
(40) COWENHOVEN ANNA........................................................................
VP COMMUNICATNS-AS OF 08/01/23
 55.0
.......................0.0 		    X       218,435 0 26,805
(41) QUINN PETER........................................................................
FORMER SR VP, VICE DEAN, PS
 54.0
.......................1.0 		          X 104,479 0 32,270
(42) LAU JOAN MD........................................................................
TRUSTEE; ADJ. PROFESSOR
 2.0
.......................0.0 		X           31,873 0 0
(43) IMASOGIE OSAGIE O ESQ........................................................................
TRUSTEE; LECTURER
 2.0
.......................0.0 		X           6,000 0 0
(44) PINOLA KRISTA MALOVANY........................................................................
TRUSTEE; CONSULTANT-COURSE DEV
 2.0
.......................0.0 		X           1,500 0 0
(45) AHMAD HYDER........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(46) ALBER LAURA J........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(47) BANDEEN BONNIE MIAO........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(48) BARRETT MICHAEL L........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(49) BARTH BRETT H........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(50) BLITZER DAVID S........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(51) BOK SCOTT L........................................................................
TRUSTEE-THRU 12/9/2023
 2.0
.......................0.0 		X           0 0 0
(52) BRADY ALLISON W........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(53) CAREY WILLIAM POLK II........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(54) DINAN JAMES G........................................................................
TRUSTEE-CHAIR BUDGET & FINANCE
 3.0
.......................0.0 		X   X       0 0 0
(55) DUCKWORTH CONNIE KADROVACH........................................................................
TRUSTEE-THRU 12/31/2023
 2.0
.......................0.0 		X           0 0 0
(56) DURAN ALBERTO IVAN........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(57) ERTEL DAVID........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(58) FRANKLIN CHRISTOPHER H........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(59) GUREGHIAN VAHAN H ESQ........................................................................
TRUSTEE-THRU 10/14/2023
 2.0
.......................0.0 		X           0 0 0
(60) HAIDAS ALEX........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(61) HOLMAN WENDY COMMINS........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(62) HONGCHOY GEORGE KWOK LUNG........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(63) HOWELL LLOYD W JR........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(64) JERATH LYNN J........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(65) JOHNSON KEVIN........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(66) KARP ATHENA........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(67) KHADJENOURI MASSI........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(68) MARTIN PATRICIA MD........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(69) MCMORRIS MARC F........................................................................
TRUSTEE-CHAIR INVESTMENTS
 3.0
.......................0.0 		X   X       0 0 0
(70) MITCHELL MARSHALL PH........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(71) NEMIROVSKY OFER........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(72) O'HERN LYONS CATHERINE M........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(73) PAI DHANANJAY M........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(74) PEISACH CHERYL........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(75) PENN KEVIN S........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(76) PERRY RICHARD C........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(77) PLATT JULIE BEREN........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(78) PRICE MICHAEL J........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(79) RACHLEFF ANDREW S........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(80) RAGHAVENDRAN RAMANAN........................................................................
TRUSTEE-CHAIR TRUSTEE BOARD
 6.5
.......................0.0 		X   X       0 0 0
(81) SCHLEIN THEODORE E........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(82) SCHNITZER ALAN DAVID........................................................................
TRUSTEE-CHR AUDIT & COMPLIANCE
 3.0
.......................0.0 		X   X       0 0 0
(83) SCHWARTZ BRIAN D........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(84) SCHWARTZ JODI J ESQ........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(85) SEAMAN JULIE BREIER........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(86) SHOEMAKER JOHN P........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(87) SNIDER STACEY G........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(88) STAVIS ROBERT M........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(89) STONE HARLAN M........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(90) VAGUE RICHARD W........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(91) WEISS JILL TOPKIS........................................................................
TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(92) SHAPIRO JOSH HON........................................................................
EX-OFFICIO TRUSTEE
 2.0
.......................0.0 		X           0 0 0
(93) SCALES MICHAEL........................................................................
VP BUSINESS SERV-AS OF 6/1/24
 0.0
.......................0.0 		    X       0 0 0
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 46,537,963 0 5,768,924
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 13,527
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
LF DRISCOLL COMPANY LLC,
401 E CITY AVE STE 500
BALA CYNWYD,PA19004 		CONSTRUCTION MGMT 102,852,387
HSC BUILDERS CONSTRUCTION MGRS,
304 NEW MILL LN
EXTON,PA19341 		CONSTRUCTION MGMT 93,157,969
P AGNES INC,
2101 PENROSE AVE
PHILADELPHIA,PA19145 		CONSTRUCTION MGMT 68,443,340
INTECH CONSTRUCTION LLC,
3020 MARKET ST
PHILADELPHIA,PA19104 		CONSTRUCTION MGMT 47,705,217
GILBANE BUILDING COMPANY,
7 JACKSON WALKWAY
PROVIDENCE,RI02903 		CONSTRUCTION MGMT 38,984,941
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 824
Form 990 (2023)
Form 990 (2023)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c 354,427
d Related organizations1d  
e Government grants (contributions)1e 1,071,491,000
f All other contributions, gifts, grants, and similar amounts not included above1f 809,437,573
g Noncash contributions included in lines 1a - 1f:$ 1g 102,067,277
h Total. Add lines 1a-1f....... 1,881,283,000
Program Service RevenueAmt Business Code
2a TUITION & FEES 900099 1,808,578,000 1,808,578,000    
b NET PATIENT SERVICE HEALTHCARE REVENUES 621110 4,346,951,000 4,346,951,000    
c AUXILIARY ENTERPRISES 611710 1,098,511,000 1,085,780,373 12,730,627  
d OTHER PROGRAM SERVICE REVENUES 611710 144,221,644 139,262,340 4,959,304  
e
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 7,398,261,644
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 409,381,096   4,414,634 404,966,462
4 Income from investment of tax-exempt bond proceeds 46,904     46,904
5 Royalties........... 310,494,000     310,494,000
(i) Real (ii) Personal
6a Gross rents 6a 20,915,000 23,000
b Less: rental expenses 6b 0 0
c Rental income or (loss) 6c 20,915,000 23,000
d Net rental income or (loss)....... 20,938,000     20,938,000
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 10,350,265,000 0
b Less: cost or other basis and sales expenses 7b 9,623,192,000 405,000
c Gain or (loss) 7c 727,073,000 -405,000
d Net gain or (loss)......... 726,668,000   21,082,139 705,585,861
8a Gross income from fundraising events (not including $ 354,427of contributions reported on line 1c). See Part IV, line 18 ....
8a 397,560
b Less: direct expenses ... 8b 404,204
c Net income or (loss) from fundraising events.. -6,644   -6,644
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      
OtherRevenueMiscAmt
Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... 0
12 Total revenue. See instructions..... 10,747,066,000 7,380,571,713 43,186,704 1,442,024,583
Form 990 (2023)
Form 990 (2023)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 11,501,534 11,501,534
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 631,227,268 631,227,268
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 1,173,337 1,173,337
4 Benefits paid to or for members ....... 0  
5 Compensation of current officers, directors, trustees, and key employees ........... 59,317,342 56,351,475 2,965,867 0
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 16,033,799 15,232,109 801,690 0
7 Other salaries and wages........ 4,145,841,093 3,627,706,572 456,042,520 62,092,001
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 302,195,000 264,428,000 33,241,000 4,526,000
9 Other employee benefits ....... 579,240,765 506,849,028 63,716,484 8,675,253
10 Payroll taxes ........... 285,546,000 249,859,000 31,410,000 4,277,000
11 Fees for services (non-employees):        
a Management ...... 0 0 0 0
b Legal ......... 38,834,000 32,232,000 6,600,000 2,000
c Accounting ........... 3,968,000 3,452,000 511,000 5,000
d Lobbying ........... 48,000 40,000 8,000 0
e Professional fundraising services. See Part IV, line 17 751,461 751,461
f Investment management fees ...... 85,318,000 0 85,318,000 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 549,035,000 465,297,000 76,865,000 6,873,000
12 Advertising and promotion .... 33,344,000 27,615,000 5,335,000 394,000
13 Office expenses ....... 328,229,000 295,436,000 22,976,000 9,817,000
14 Information technology ...... 28,844,000 21,921,000 1,856,000 5,067,000
15 Royalties .. 3,725,000 3,725,000 0 0
16 Occupancy ........... 269,613,000 242,652,000 21,874,000 5,087,000
17 Travel ............ 99,364,000 87,668,000 7,949,000 3,747,000
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0      
19 Conferences, conventions, and meetings .... 52,888,000 39,053,000 4,231,000 9,604,000
20 Interest ........... 109,585,000 98,627,000 10,958,000 0
21 Payments to affiliates ....... 0 0 0 0
22 Depreciation, depletion, and amortization .. 459,880,000 413,892,000 45,988,000 0
23 Insurance ... 185,739,000 161,595,000 24,141,000 3,000
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 MEDICAL SUPPLIES 1,343,097,000 1,343,097,000 0 0
b OTHER TAXES 165,355,000 160,394,000 4,949,000 12,000
c ACADEMIC BAD DEBTS 28,689,000 24,959,000 3,726,000 4,000
d SUBSCRIPTIONS/DUES 18,380,000 15,991,000 2,251,000 138,000
e All other expenses 163,159,401 148,892,957 9,687,377 4,579,067
25 Total functional expenses. Add lines 1 through 24e 9,999,922,000 8,950,867,280 923,400,938 125,653,782
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).        
Form 990 (2023)
Form 990 (2023)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 0 1 0
2 Savings and temporary cash investments ......... 3,059,823,000 2 2,691,665,000
3 Pledges and grants receivable, net ...... 441,024,000 3 340,155,000
4 Accounts receivable, net ............. 910,571,000 4 956,597,000
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 .......
3,728,173 5 3,742,340
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 6 597,500
7 Notes and loans receivable, net ........... 49,293,827 7 44,378,160
8 Inventories for sale or use ............ 52,266,000 8 62,463,000
9 Prepaid expenses and deferred charges ...... 120,719,000 9 144,960,000
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 13,878,599,000
b Less: accumulated depreciation 10b 6,479,336,000 7,054,915,000 10c 7,399,263,000
11 Investments—publicly traded securities . 6,187,609,372 11 6,232,183,451
12 Investments—other securities. See Part IV, line 11 ..... 14,189,246,628 12 15,333,002,549
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 ........... 858,895,000 15 829,990,000
16 Total assets. Add lines 1 through 15 (must equal line 33)... 32,928,091,000 16 34,038,997,000
Liabilities 17 Accounts payable and accrued expenses ..... 3,705,194,000 17 3,626,113,000
18 Grants payable ... 0 18 0
19 Deferred revenue ......... 136,279,000 19 140,054,000
20 Tax-exempt bond liabilities ......... 2,259,636,000 20 2,206,709,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 114,725,000 23 96,769,000
24 Unsecured notes and loans payable to unrelated third parties .. 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 1,344,474,000 25 1,543,622,000
26 Total liabilities. Add lines 17 through 25.. 7,560,308,000 26 7,613,267,000
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 15,110,296,000 27 15,737,005,000
28 Net assets with donor restrictions ........... 10,257,487,000 28 10,688,725,000
Organizations that do not follow FASB ASC 958, check here right arrow 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 ........... 25,367,783,000 32 26,425,730,000
33 Total liabilities and net assets/fund balances ........ 32,928,091,000 33 34,038,997,000
Form 990 (2023)
Form 990 (2023)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
10,747,066,000
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
9,999,922,000
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
747,144,000
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
25,367,783,000
5
Net unrealized gains (losses) on investments ...............
5
516,205,000
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-205,402,000
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
26,425,730,000
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2023)
Form 990 (2023)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
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
2023
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).
2
A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)
3
A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).
4
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:

5
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.)
6
A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).
7
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.)
8
A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)
9
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:
10
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.)
11
12
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.
a
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.
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.
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.
d
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.
e
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.
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2023

Schedule A (Form 990) 2023
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2019 (b) 2020 (c) 2021 (d) 2022 (e) 2023 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 1,720,501,000 1,828,560,000 1,958,495,000 1,895,456,000 1,881,283,000 9,284,295,000
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 1,720,501,000 1,828,560,000 1,958,495,000 1,895,456,000 1,881,283,000 9,284,295,000
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) .. 0
6 Public support. Subtract line 5 from line 4. 9,284,295,000
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2019 (b) 2020 (c) 2021 (d) 2022 (e) 2023 (f) Total
7 Amounts from line 4.. 1,720,501,000 1,828,560,000 1,958,495,000 1,895,456,000 1,881,283,000 9,284,295,000
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 195,893,000 546,841,000 1,372,813,964 872,742,963 736,445,366 3,724,736,293
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 0 0 15,899,306 18,986,572 10,679,955 45,565,833
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 13,054,597,126
12
12
31,117,360,500
13
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
14
14
71.119 %
15
15
73.693 %
16a
33 1/3% support test—2023. 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
b
33 1/3% support test—2022. 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—2023. 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
b
10%-facts-and-circumstances test—2022. 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
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2023

Schedule A (Form 990) 2023
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2019 (b) 2020 (c) 2021 (d) 2022 (e) 2023 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2019 (b) 2020 (c) 2021 (d) 2022 (e) 2023 (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.)..            
14
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
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2023. 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
b
33 1/3 % support tests—2022. 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
20
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) 2023

Schedule A (Form 990) 2023
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
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer 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).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
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).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined 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.
9b
 
 
c
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.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2023

Schedule A (Form 990) 2023
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
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
No
1
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.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in 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.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described 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.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2023

Schedule A (Form 990) 2023
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
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  
7
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) 2023

Schedule A (Form 990) 2023
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 2023 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-2023 		(iii)
Distributable
Amount for 2023
1 Distributable amount for 2023 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2023:
a From 2018.......  
b From 2019.......  
c From 2020.......  
d From 2021.......  
e From 2022.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2023 distributable amount  
i Carryover from 2018 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2023 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2023 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2023, 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 2023. 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 2024. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2019.....  
b Excess from 2020.....  
c Excess from 2021.....  
d Excess from 2022.....  
e Excess from 2023.....  
Schedule A (Form 990) (2023)

Schedule A (Form 990) 2023
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) 2023


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
  		Employer identification number
23-1352685
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


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
  		Employer identification number

23-1352685
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
  		Employer identification number

23-1352685
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  
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

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
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 THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

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

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

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2022

Schedule C (Form 990) 2022
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 right arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2019 (b) 2020 (c) 2021 (d) 2022 (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) 2022


Schedule C (Form 990) 2022
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes|No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
Yes
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
Yes
 
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
 
No
 
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
Yes
 
815,351
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
 
No
 
j
Total. Add lines 1c through 1i ....................................................................................................
815,351
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
SCHEDULE C, PART II-B, LINE 1(G) DETAIL OF LOBBYING ACTIVITIES THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") ALUMNI AND TRUSTEES OCCASIONALLY ENGAGE IN ADVOCACY RELATED TO FEDERAL AND STATE APPROPRIATIONS FOR PROGRAMS OF IMPORTANCE TO THE UNIVERSITY. THE UNIVERSITY MAINTAINS AN OFFICE OF FEDERAL RELATIONS, WHOSE MAIN FUNCTION IS TO KEEP THE UNIVERSITY COMMUNITY APPRISED OF FEDERAL DEVELOPMENTS WHICH MAY HAVE AN IMPACT ON THE UNIVERSITY, INCLUDING, AMONG OTHERS, PENDING CHANGES TO THE INTERNAL REVENUE CODE, RESEARCH FUNDING AND ISSUES OF STUDENT AID. THE UNIVERSITY, A PRIVATE NON-PROFIT EDUCATIONAL INSTITUTION, RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE AMOUNT AND CONTINUATION OF THESE APPROPRIATIONS ARE NOT GUARANTEED. THEREFORE, THE UNIVERSITY MAINTAINS AN OFFICE OF COMMONWEALTH RELATIONS IN ORDER TO SUPPORT, JUSTIFY, AND COORDINATE THESE APPROPRIATION REQUESTS BEFORE THE PENNSYLVANIA DEPARTMENT OF AGRICULTURE, OTHER APPROPRIATE AGENCIES OF THE EXECUTIVE BRANCH, AND THE GENERAL ASSEMBLY. THE MAJORITY OF THIS OFFICE'S EFFORTS ARE RELATED TO ACTIVITIES SUPPORTING THESE APPROPRIATION REQUESTS. ADDITIONALLY, THIS OFFICE MAY ALSO CONDUCT MINIMAL LOBBYING ACTIVITIES RELATED TO OTHER ISSUES, SUCH AS STUDENT AID AND OTHER PROGRAMS RELATED TO HIGHER EDUCATION. IN CONJUNCTION WITH THESE TYPES OF LOBBYING ACTIVITIES, THE UNIVERSITY HAS CONTRACTED WITH PROFESSIONAL LOBBYISTS TO CONTACT LEGISLATORS IN CONNECTION WITH THE UNIVERSITY'S ANNUAL APPROPRIATIONS. THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, THROUGH ITS OFFICE OF GOVERNMENTAL AFFAIRS, CONDUCTED LOBBYING ACTIVITIES WITH RESPECT TO HEALTH CARE RELATED ISSUES AND LEGISLATION. THESE ACTIVITIES INCLUDED MEETING WITH LEGISLATORS, THEIR STAFF, GOVERNMENTAL OFFICIALS, AS WELL AS CONDUCTING SEMINARS.
Schedule C (Form 990) 2022


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow 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.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
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 ......... 10 0
2 Aggregate value of contributions to (during year) 0 0
3 Aggregate value of grants from (during year) 347,602 0
4 Aggregate value at end of year ........ 1,617,777 0
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 18,596,655,091 18,363,243,902 18,125,504,928 13,143,906,966 12,847,660,057
b Contributions ... 912,703,488 865,895,325 1,068,074,055 522,077,029 494,200,819
c Net investment earnings, gains, and losses 1,334,231,366 251,536,764 -44,134,178 5,154,234,442 392,268,889
d Grants or scholarships ... 0 0 0 0 0
e Other expenditures for facilities
and programs ... 		953,047,024 884,020,900 786,200,903 694,713,509 590,222,799
f Administrative expenses .... 0 0 0 0 0
g End of year balance ...... 19,890,542,921 18,596,655,091 18,363,243,902 18,125,504,928 13,143,906,966
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow50.950 %
b
Permanent endowment right arrow49.050 %
c
Term endowment right arrow0 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
Yes
 
(ii) Related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   307,115,000 307,115,000
b Buildings ....   10,119,255,915 4,737,550,000 5,381,705,915
c Leasehold improvements        
d Equipment ....   2,511,656,085 1,741,786,000 769,870,085
e Other .....   940,572,000 0 940,572,000
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 7,399,263,000
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
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) VENTURE CAPITAL & OTHER INVEST		 13,051,679,082 F

(B) REAL ESTATE		 2,223,875,467 F

(C) INVESTMENT IN SUBSIDIARIES		 57,448,000 F
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 15,333,002,549
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.)right arrow  
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.)...........right arrow  
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
DEPOSITS 176,398,000
FEDERAL STUDENT LOAN ADVANCES 30,056,000
ACCRUED RETIREMENT BENEFITS 536,863,000
INTERCO DUE TO/(FROM) AFFILIATES -65,365,000
TAXABLE BOND LIABILITIES 865,670,000




Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 1,543,622,000
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
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 II CONSERVATION EASEMENTS ALTHOUGH THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA DOES NOT HOLD ANY CONSERVATION EASEMENTS, AS DEFINED PER THE FORM 990 INSTRUCTIONS, THE ORGANIZATION DOES HOLD A 25 YEAR EASEMENT FOR THE AGRICULTURAL PRESERVATION OF A PORTION OF THE LAND AT ITS NEW BOLTON CENTER SCHOOL OF VETERINARY MEDICINE, LOCATED IN KENNETT SQUARE, PA. ---------------
SCHEDULE D, PART III, LINE 1A ACCOUNTING FOR COLLECTIONS THE FOLLOWING IS THE TEXT OF THE FOOTNOTE TO THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS: CONTRIBUTIONS OF LIBRARY MATERIALS, AS WELL AS RARE BOOKS AND OTHER COLLECTIBLES, ARE NOT RECORDED FOR FINANCIAL STATEMENT PRESENTATION, WHILE PURCHASES ARE RECORDED AS OTHER OPERATING EXPENSES ON THE CONSOLIDATED STATEMENT OF ACTIVITIES IN THE PERIOD ACQUIRED. ---------------
SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS THE UNIVERSITY MAINTAINS 16 LIBRARIES. THE COLLECTIONS ENCOMPASS NUMEROUS FIELDS OF STUDY. THE UNIVERSITY'S DEPARTMENTAL LIBRARIES ARE GENERALLY SUBJECT SPECIFIC (MATH/PHYSICS/ASTRONOMY, FINE ARTS, BUSINESS, MUSIC, BIOMEDICAL, DENTAL MEDICINE, VETERINARY MEDICINE, ETC.) AND THE VAN PELT-DIETRICH LIBRARY CENTER HOUSES COLLECTIONS FROM ALL OF THESE AREAS, AS WELL AS THE RARE BOOK COLLECTION AND ALL OF THE HUMANITIES. SUBJECT HOLDINGS INCLUDE PHILOSOPHY, PSYCHOLOGY, RELIGION, HISTORY, GEOGRAPHY, ANTHROPOLOGY, RECREATION, SOCIAL SCIENCE, ECONOMICS, SOCIOLOGY, POLITICAL SCIENCE, LAW, EDUCATION, LITERATURE, SCIENCE, AGRICULTURE, TECHNOLOGY, MILITARY SCIENCE, AND GENERAL BIBLIOGRAPHY. THE LIBRARIES' COLLECTIONS, WHICH RANGE FROM OBJECTS AND ARTIFACTS TO PRINTED AND DIGITAL RESOURCES, DIRECTLY SUPPORT THE RESEARCH AND INSTRUCTION MISSION OF THE UNIVERSITY BY ENSURING ACCESS TO CURRENT AND HISTORICAL KNOWLEDGE. THE LIBRARIES STRIVE TO PRESERVE UNIQUE COLLECTIONS FOR FUTURE GENERATIONS AND EXHIBIT A PORTION OF THE COLLECTIONS ON A ROTATING BASIS FREE OF CHARGE. THE LIBRARIES' GENERAL COLLECTIONS ARE AVAILABLE TO OTHER COMMUNITIES THROUGH VARIOUS INTERLIBRARY LOAN CONSORTIA. ITEMS FROM THE SPECIAL COLLECTIONS ARE LOANED TO OTHER INSTITUTIONS WITH ESTABLISHED EXHIBITION PROGRAMS WITH PROFESSIONAL STAFF PROFICIENT IN HANDLING AND EXHIBITING ITEMS SAFELY. THE UNIVERSITY DOES NOT SOLICIT OR RECEIVE DONATIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS TO BE SOLD IN ORDER TO RAISE FUNDS. ALL DONATIONS OF MATERIALS ARE ADDED TO THE EXISTING COLLECTIONS EXCEPT FOR NON-RARE, DUPLICATE ITEMS. THESE ITEMS ARE HELD FOR THE PERIOD SPECIFIED IN THE GIFT AGREEMENT (VARIES BY DONOR) OR A MINIMUM OF THREE YEARS BEFORE BEING REMOVED FROM THE COLLECTION. THE VALUE OF THESE MATERIALS IN THE MARKETPLACE IS NEGLIGIBLE, AND THEY ARE HANDLED THE SAME WAY THE LIBRARY HANDLES BOOKS THAT IT HAS PURCHASED THAT ARE NOW OUTDATED - IT SENDS THEM TO A NON-PROFIT VENDOR (BETTER WORLD BOOKS) WHO RESELLS THESE ITEMS, AND THE UNIVERSITY RECEIVES A PORTION OF THE SALE PRICE. THE TOTAL ACTIVITY WITH THIS VENDOR GENERATES LESS THAN $2K PER YEAR. THE UNIVERSITY OF PENNSYLVANIA ART COLLECTION INCLUDES OVER 8,000 ARTWORKS ACQUIRED DURING THE PAST 250 YEARS. THE COLLECTION IS DISPLAYED IN BUILDINGS AND OUTDOOR SPACES THROUGHOUT THE MAIN CAMPUS, THE MORRIS ARBORETUM, AND THE NEW BOLTON CENTER. DIVERSE IN SCOPE, THE COLLECTION INCLUDES PAINTING, SCULPTURE, WORKS ON PAPER, PHOTOGRAPHY, AND DECORATIVE ARTS. PENN'S ART COLLECTION IS INTENDED FOR THE ENRICHMENT OF ALL, AND ITS PUBLIC INSTALLATION ENHANCES THE DAILY EXPERIENCE OF STUDENTS, FACULTY, STAFF, AND COMMUNITY MEMBERS. THE PENN MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY HAS NOT SOLICITED OR RECEIVED DONATIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS TO BE SOLD IN ORDER TO RAISE FUNDS RATHER THAN TO BE MAINTAINED AS PART OF THE ORGANIZATION'S COLLECTION. ANY PROSPECTIVE ACCESSIONING OR DEACCESSIONING OF MATERIALS IS REVIEWED BY THE MUSEUM'S ACQUISITIONS COMMITTEE IN ACCORDANCE WITH THE MUSEUM'S ACQUISITIONS POLICY AND PROCEDURES. ALL OBJECTS CONSIDERED FOR ACQUISITION ARE REVIEWED IN LIGHT OF THE 1970 UNESCO CONVENTION. OBJECTS OFFERED TO THE MUSEUM AND IMPORTED INTO THE UNITED STATES PRIOR TO THE ADOPTION OF THE UNESCO CONVENTION OF 1970 ARE CONSIDERED IN LIGHT OF THE LAWS IN PLACE IN THEIR COUNTRIES OF ORIGIN AT THE TIME OF THEIR DOCUMENTED APPEARANCE IN THE UNITED STATES. ACCESSIONED COLLECTIONS, WHICH ARE DOCUMENTED ARCHAEOLOGICAL AND ETHNOGRAPHIC MATERIAL, ARE ACQUIRED PRIMARILY FOR RESEARCH, EXHIBITION, AND PRESERVATION PURPOSES. THEY ARE ACCESSIONED UNDER THE CARE OF THE CURATORIAL SECTIONS. ARCHIVAL COLLECTIONS, WHICH ARE RECORDS OF EXPEDITIONS, RESEARCH, EXHIBITIONS, OR MUSEUM ADMINISTRATIVE RECORDS IN THE FORM OF EITHER DOCUMENTS OR VISUAL IMAGES (E.G. PHOTOGRAPHS) ARE ACCESSIONED UNDER THE CARE OF THE MUSEUM ARCHIVES. EDUCATIONAL MATERIALS, WHICH ARE OBJECTS WHOSE SOLE USE IS TO FACILITATE VARIOUS EDUCATIONAL PROGRAMS (E.G. OUTREACH PRESENTATIONS, TEACHERS' PACKAGES, OR CHILDREN'S WORKSHOPS) ARE DESIGNATED FOR TOUCHING AND HANDLING, ARE NOT ACCESSIONED AND ARE MANAGED BY THE LEARNING AND COMMUNITY ENGAGEMENT DEPARTMENT. --------------------
SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS DURING THE YEAR ENDED JUNE 30, 2024, THE UNIVERSITY'S ENDOWMENT CONSISTED OF 7,800 DONOR-RESTRICTED ENDOWMENT FUNDS AND 1,009 QUASI-ENDOWMENT FUNDS ESTABLISHED BY THE UNIVERSITY'S BOARD OF TRUSTEES TO BE USED IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSES. DETAILS REGARDING THE VARIOUS ACTIVITIES CONDUCTED BY THE ORGANIZATION IN FURTHERANCE OF ITS TAX-EXEMPT PURPOSES CAN BE FOUND IN OUR RESPONSE TO FORM 990, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. --------------------
SCHEDULE D, PART X, LINE 1 OTHER LIABILITIES DETAIL THE INTERCOMPANY DUE TO/(FROM) AFFILIATES BALANCE INCLUDES AMOUNTS OWED TO/(DUE FROM) AFFILIATES BASED UPON THE UNIVERSITY'S CENTRAL MANAGEMENT OF THE CASH HELD BY CERTAIN UNIVERSITY AFFILIATES. --------------------
SCHEDULE D, PART X, LINE 2 TEXT OF FIN 48 (ASC 740) FOOTNOTE THE UNIVERSITY REGULARLY EVALUATES ITS TAX POSITION AND DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. --------------------
Schedule D (Form 990) 2022


Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990)

Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image Complete if the organization answered "Yes" on Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image Go to www.irs.gov/Form990EZ for the latest information.
OMB No. 1545-0047 2023Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . .
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy 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. . . . . . . . . . . . . . . . . . .
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain on Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50085D
Schedule E (Form 990) (2023)
Schedule E (Form 990) (2023)
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, LINE 3 PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS ON A NATIONWIDE AND WORLDWIDE BASIS AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY. THE UNIVERSITY PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY IN THE STUDENT CATALOGUE, ON ITS FINANCIAL AID APPLICATIONS, AND IN OTHER BROCHURES, WHICH DESCRIBE THE UNIVERSITY, ITS SCHOOLS, CENTERS, AND INSTITUTES. THE POLICY IS ALSO AVAILABLE ON THE UNIVERSITY'S HOMEPAGE. THEREFORE, THE UNIVERSITY IS IN COMPLIANCE WITH SECTIONS 4.02 AND 4.03 OF IRS REVENUE PROCEDURE 75-50. SEE: https://www.upenn.edu/ https://oeop.upenn.edu/resources/policies-handbooks-procedures --------------------
SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY THE UNIVERSITY IS A PRIVATE NON-PROFIT INSTITUTION THAT RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE UNIVERSITY ALSO RECEIVES VARIOUS GOVERNMENTAL FUNDING WHICH SUPPORTS ITS EDUCATIONAL, PATIENT CARE, AND RESEARCH MISSIONS.
Schedule E (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  
SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
Central America and the Caribbean 0 1 Program Services EDUCATION AND TRAINING 257,135
Central America and the Caribbean 0 0 Program Services STUDY ABROAD/EDUCATION 112,772
Central America and the Caribbean 0 0 Program Services FIELD RESEARCH 80,036
Central America and the Caribbean 0 0 Send agents to seminar   37,198
Central America and the Caribbean 0 0 Program Services SOCIAL RESEARCH 25,146
Central America and the Caribbean 0 0 Program Services STUDY ABROAD/RESEARCH 8,210
Central America and the Caribbean 0 0 Fundraising   5,165
Central America and the Caribbean 0 0 Conduct board meetings   1,963
Central America and the Caribbean 0 0 Program Services RECRUITING 1,113
Central America and the Caribbean 0 0 Grantmaking   994
Central America and the Caribbean 0 0 Investments   7,802,009,618
East Asia and the Pacific 0 3 Fundraising   2,261,444
East Asia and the Pacific 0 12 Program Services FIELD RESEARCH 2,147,446
East Asia and the Pacific 0 5 Program Services EDUCATION & TRAINING 1,884,833
East Asia and the Pacific 0 2 Program Services STUDY ABROAD/EDUCATION 1,614,980
East Asia and the Pacific 0 0 Send agents to seminar   1,540,895
East Asia and the Pacific 0 3 Program Services STUDY ABROAD/RESEARCH 816,260
East Asia and the Pacific 0 3 Program Services SOCIAL RESEARCH 195,458
East Asia and the Pacific 0 0 Program Services CLINICAL TRIALS 127,458
East Asia and the Pacific 0 0 Grantmaking   66,136
East Asia and the Pacific 0 0 Program Services RECRUITING 55,798
East Asia and the Pacific 0 0 Investments   15,632,834
Europe (Including Iceland and Greenland) 1 91 Program Services FIELD RESEARCH 9,471,298
Europe (Including Iceland and Greenland) 0 2 Program Services STUDY ABROAD/EDUCATION 5,117,410
Europe (Including Iceland and Greenland) 0 3 Send agents to seminar   4,110,469
Europe (Including Iceland and Greenland) 0 20 Program Services EDUCATION & TRAINING 3,122,247
Europe (Including Iceland and Greenland) 0 0 Fundraising   769,026
Europe (Including Iceland and Greenland) 0 11 Program Services SOCIAL RESEARCH 730,377
Europe (Including Iceland and Greenland) 0 5 Program Services STUDY ABROAD/RESEARCH 728,290
Europe (Including Iceland and Greenland) 0 0 Grantmaking   563,597
Europe (Including Iceland and Greenland) 0 1 Program Services CLINICAL TRIALS 264,150
Europe (Including Iceland and Greenland) 0 5 Program Services RECRUITING 152,649
Europe (Including Iceland and Greenland) 0 0 Conduct board meetings   25,283
Europe (Including Iceland and Greenland) 0 0 Investments   1,581,105,049
Middle East and North Africa 1 196 Program Services FIELD RESEARCH 1,151,543
Middle East and North Africa 0 0 Program Services STUDY ABROAD/EDUCATION 692,446
Middle East and North Africa 0 1 Send agents to seminar   304,086
Middle East and North Africa 0 2 Program Services EDUCATION & TRAINING 232,638
Middle East and North Africa 0 0 Fundraising   71,379
Middle East and North Africa 0 2 Program Services Social Research 55,646
Middle East and North Africa 0 0 Program Services Recruiting 21,258
Middle East and North Africa 0 0 Program Services STUDY ABROAD/RESEARCH 15,931
Middle East and North Africa 0 0 Grantmaking   9,457
Middle East and North Africa 0 0 Conduct board meetings   696
North America 0 27 Program Services FIELD RESEARCH 1,168,466
North America 0 4 Send agents to seminar   995,384
North America 0 2 Program Services EDUCATION & TRAINING 331,791
North America 0 0 Program Services CLINICAL TRIALS 281,307
North America 0 0 Program Services STUDY ABROAD/EDUCATION 176,651
North America 0 1 Program Services SOCIAL RESEARCH 127,701
North America 0 0 Program Services RECRUITING 41,814
North America 0 1 Fundraising   35,095
North America 0 0 Grantmaking   21,737
North America 0 0 Program Services STUDY ABROAD/RESEARCH 12,745
North America 0 0 Conduct board meetings   4,684
North America 0 0 Investments   79,179,984
Russia and the Newly Independent States 0 0 Program Services STUDY ABROAD/EDUCATION 108,415
Russia and the Newly Independent States 0 0 Program Services FIELD RESEARCH 94,193
Russia and the Newly Independent States 0 0 Send agents to seminar   11,638
Russia and the Newly Independent States 0 0 Program Services EDUCATION & TRAINING 3,678
Russia and the Newly Independent States 0 0 Grantmaking   415
South America 0 0 Program Services EDUCATION & TRAINING 1,551,489
South America 0 13 Program Services FIELD RESEARCH 664,333
South America 0 0 Program Services STUDY ABROAD/EDUCATION 561,676
South America 0 0 Fundraising   446,318
South America 0 3 Program Services SOCIAL RESEARCH 399,029
South America 0 1 Send agents to seminar   375,555
South America 0 4 Program Services STUDY ABROAD/RESEARCH 225,505
South America 0 0 Program Services RECRUITING 46,683
South America 0 0 Grantmaking   9,971
South Asia 0 14 Program Services FIELD RESEARCH 617,749
South Asia 0 0 Program Services STUDY ABROAD/EDUCATION 537,448
South Asia 0 0 Send agents to seminar   210,805
South Asia 0 0 Program Services SOCIAL RESEARCH 204,628
South Asia 0 0 Program Services EDUCATION & TRAINING 135,861
South Asia 0 0 Grantmaking   115,500
South Asia 0 0 Fundraising   115,256
South Asia 0 0 Program Services STUDY ABROAD/RESEARCH 64,945
South Asia 0 0 Program Services RECRUITING 10,581
South Asia 0 0 Conduct board meetings   208
Sub-Saharan Africa 2 72 Program Services FIELD RESEARCH 4,203,898
Sub-Saharan Africa 0 1 Program Services SOCIAL RESEARCH 1,341,150
Sub-Saharan Africa 0 1 Program Services STUDY ABROAD/EDUCATION 759,743
Sub-Saharan Africa 0 0 Grantmaking   385,530
Sub-Saharan Africa 0 2 Program Services STUDY ABROAD/RESEARCH 185,640
Sub-Saharan Africa 0 0 Send agents to seminar   147,663
Sub-Saharan Africa 0 0 Program Services CLINICAL TRIALS 91,327
Sub-Saharan Africa 0 0 Program Services EDUCATION & TRAINING 83,375
Sub-Saharan Africa 0 0 Program Services RECRUITING 16,381
Sub-Saharan Africa 0 0 Investments   493,627,999
3a Sub-total .... 0 26 7,812,805,208
b Total from continuation sheets to Part I ... 4 488 2,214,524,553
c Totals (add lines 3a and 3b) 4 514 10,027,329,761
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
Sub-Saharan Africa 2024 LIPMAN FAMILY PRIZE 250,000 CHECKING   N/A N/A
Sub-Saharan Africa 2024 LIPMAN FAMILY PRIZE 125,000 CHECKING   N/A N/A
South Asia SUPPORT 110,000 WIRE   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 45,249 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 43,073 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 40,258 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 39,214 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 38,780 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 36,903 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 36,232 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 36,030 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 35,328 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) THOURON AWARD 34,208 WIRE/CHECK   N/A N/A
Europe (Including Iceland and Greenland) STUDENT TUITION 28,506 WIRE   N/A N/A
Europe (Including Iceland and Greenland) STUDENT TUITION 15,647 WIRE   N/A N/A
Europe (Including Iceland and Greenland) STUDENT TUITION 15,204 WIRE   N/A N/A
Europe (Including Iceland and Greenland) STUDENT TUITION 5,935 WIRE   N/A N/A
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
15
3 Enter total number of other organizations or entities .......................MediumBullet
0
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
THOURON LIVING STIPEND Europe (Including Iceland and Greenland) 5 17,030 WIRE/CHECK   N/A N/A
AWARD Europe (Including Iceland and Greenland) 1 15,000 CHECK   N/A N/A
AWARD Europe (Including Iceland and Greenland) 1 10,000 CHECK   N/A N/A
CAREER SERVICES SUMMER FUNDING 2024 East Asia and the Pacific 2 10,000 WIRE/CHECK   N/A N/A
HUNTSMAN SUMMER SPANISH LANGUAGE GRT AWARD Europe (Including Iceland and Greenland) 1 9,100 CHECKING   N/A N/A
AWARD Europe (Including Iceland and Greenland) 3 7,920 WIRE/CHECK   N/A N/A
CAREER SERVICES SUMMER FUNDING 2024 East Asia and the Pacific 2 7,500 WIRE/CHECK   N/A N/A
GAPSA AWARD North America 8 5,390 WIRE/CHECK   N/A N/A
2024 M&T Intern Fellowship Award recipient South Asia 1 5,000 CHECKING   N/A N/A
WHARTON CYPHER DAY AWARD Europe (Including Iceland and Greenland) 1 5,000 CHECKING   N/A N/A
2024 M&T Intern Fellowship Award recipient East Asia and the Pacific 1 5,000 CHECKING   N/A N/A
CAREER SERVICES SUMMER FUNDING 2024 South America 1 5,000 WIRE/CHECK   N/A N/A
CAREER SERVICES SUMMER FUNDING 2024 East Asia and the Pacific 1 5,000 WIRE/CHECK   N/A N/A
CAREER SERVICES SUMMER FUNDING 2024 Europe (Including Iceland and Greenland) 1 5,000 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 5 4,200 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT North America 7 4,104 WIRE/CHECK   N/A N/A
RESEARCH AWARD East Asia and the Pacific 5 3,522 ELECTRONIC   N/A N/A
AWARD Europe (Including Iceland and Greenland) 1 3,500 CHECK   N/A N/A
GAPSA CAREER SERVICES SUMMER FUNDING Sub-Saharan Africa 1 3,500 WIRE/CHECK   N/A N/A
GAPSA CAREER SERVICES SUMMER FUNDING East Asia and the Pacific 2 3,500 WIRE/CHECK   N/A N/A
2024 M&T INTERN FELLOWSHIP AWARD East Asia and the Pacific 1 3,000 CHECKING   N/A N/A
GAPSA CAREER SERVICES SUMMER FUNDING Sub-Saharan Africa 1 3,000 WIRE/CHECK   N/A N/A
CAREER SERVICES SUMMER FUNDING 2024 Middle East and North Africa 1 3,000 WIRE/CHECK   N/A N/A
GAPSA AWARD East Asia and the Pacific 3 2,800 WIRE/CHECK   N/A N/A
AWARD East Asia and the Pacific 1 2,800 WIRE/CHECK   N/A N/A
GAPSA AWARD East Asia and the Pacific 3 2,600 WIRE/CHECK   N/A N/A
CAREER SERVICES SUMMER FUNDING 2024 Europe (Including Iceland and Greenland) 1 2,600 WIRE/CHECK   N/A N/A
M&T INTERN FELLOWSHIP AWARD South America 1 2,550 CHECKING   N/A N/A
M&T INTERN FELLOWSHIP AWARD Middle East and North Africa 1 2,000 CHECKING   N/A N/A
PRIZES East Asia and the Pacific 1 2,000 ELECTRONIC   N/A N/A
PRIZES Europe (Including Iceland and Greenland) 1 2,000 ELECTRONIC   N/A N/A
GAPSA SPRING 2024 PC TRAVEL GRANT North America 2 2,000 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 PC TRAVEL GRANT Europe (Including Iceland and Greenland) 2 2,000 WIRE/CHECK   N/A N/A
GAPSA PC AWARD East Asia and the Pacific 2 2,000 WIRE/CHECK   N/A N/A
RESEARCH AWARD Middle East and North Africa 1 1,857 ELECTRONIC   N/A N/A
GAPSA PGLA AWARD East Asia and the Pacific 1 1,673 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 1 1,618 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 2 1,600 WIRE/CHECK   N/A N/A
GAPSA AWARD East Asia and the Pacific 2 1,600 WIRE/CHECK   N/A N/A
AWARD North America 1 1,500 WIRE/CHECK   N/A N/A
PRIZES East Asia and the Pacific 2 1,333 ELECTRONIC   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT Europe (Including Iceland and Greenland) 2 1,300 WIRE/CHECK   N/A N/A
RESEARCH AWARD North America 2 1,269 ELECTRONIC   N/A N/A
AWARD Europe (Including Iceland and Greenland) 1 1,250 CHECK   N/A N/A
AWARD Sub-Saharan Africa 1 1,250 CHECK   N/A N/A
GAPSA SPRING 2024 PGLA TRAVEL GRANT(ONLY FLIGHT) East Asia and the Pacific 1 1,250 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 PGLA GRANT Sub-Saharan Africa 1 1,180 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT East Asia and the Pacific 2 1,151 WIRE/CHECK   N/A N/A
PRIZES North America 2 1,100 CHECK   N/A N/A
GAPSA SPRING 2024 PGLA AWARD North America 1 1,030 WIRE/CHECK   N/A N/A
PRIZES Middle East and North Africa 1 1,000 CHECK   N/A N/A
PRIZES Europe (Including Iceland and Greenland) 1 1,000 ELECTRONIC   N/A N/A
PRIZES East Asia and the Pacific 1 1,000 ELECTRONIC   N/A N/A
GAPSA RC AWARD East Asia and the Pacific 1 1,000 WIRE/CHECK   N/A N/A
GAPSA SPRING 23 PROFESSIONAL AWARD Europe (Including Iceland and Greenland) 1 1,000 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 1 1,000 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 PC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 1,000 WIRE/CHECK   N/A N/A
PROFESSIONAL COUNCIL TRAVEL - FLIGHT FOR ICCLE East Asia and the Pacific 1 1,000 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 PC TRAVEL GRANT East Asia and the Pacific 1 1,000 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 1 1,000 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 PC TRAVEL GRANT Sub-Saharan Africa 1 1,000 WIRE/CHECK   N/A N/A
GAPSA PROFESSIONAL AAMAS LONDON HOTEL/REG Europe (Including Iceland and Greenland) 1 1,000 WIRE/CHECK   N/A N/A
GAPSA RC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 1,000 WIRE/CHECK   N/A N/A
AWARD South America 1 1,000 WIRE/CHECK   N/A N/A
AWARD East Asia and the Pacific 1 1,000 WIRE/CHECK   N/A N/A
GAPSA PROFESSIONAL TRAVEL GRANT - TRIP TO GUATAMAL Central America and the Caribbean 1 994 WIRE/CHECK   N/A N/A
GAPSA AWARD Middle East and North Africa 2 984 WIRE/CHECK   N/A N/A
GAPSA PROFESSIONAL TRAVEL : VANCOUVER North America 1 928 WIRE/CHECK   N/A N/A
GAPSA PGLA GRANT North America 1 903 WIRE/CHECK   N/A N/A
GAPSA PGLA AWARD Europe (Including Iceland and Greenland) 1 821 WIRE/CHECK   N/A N/A
GAPSA RC SUMMER23 AWARD Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA FALL 2023 PC TRAVEL GRANT North America 1 800 WIRE/CHECK   N/A N/A
GAPSA RESEARCH AIRFARE INTERNATIONAL STUDENTS ASSO North America 1 800 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA FALL23 RC TRAVEL GRANT East Asia and the Pacific 1 800 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA SUMMER RC AWARD Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA AWARD East Asia and the Pacific 1 800 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 800 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 745 WIRE/CHECK   N/A N/A
GAPSA AWARD Europe (Including Iceland and Greenland) 1 743 WIRE/CHECK   N/A N/A
GAPSA TRAVEL GRANT AWARD North America 1 737 WIRE/CHECK   N/A N/A
GAPSA AWARD FOR CONFERENCE North America 1 677 WIRE/CHECK   N/A N/A
GAPSA FALL23 RC TRAVEL GRANT East Asia and the Pacific 1 663 WIRE/CHECK   N/A N/A
AWARD Europe (Including Iceland and Greenland) 1 625 CHECK   N/A N/A
GAPSA RC TRAVEL GRANT Middle East and North Africa 1 616 WIRE/CHECK   N/A N/A
RESEARCH AWARD South America 1 600 ELECTRONIC   N/A N/A
RESEARCH AWARD South America 1 600 ELECTRONIC   N/A N/A
RESEARCH AWARD Europe (Including Iceland and Greenland) 1 600 ELECTRONIC   N/A N/A
RESEARCH AWARD Europe (Including Iceland and Greenland) 1 600 ELECTRONIC   N/A N/A
RESEARCH AWARD Europe (Including Iceland and Greenland) 1 600 ELECTRONIC   N/A N/A
RESEARCH AWARD Sub-Saharan Africa 1 600 ELECTRONIC   N/A N/A
RESEARCH AWARD East Asia and the Pacific 1 600 ELECTRONIC   N/A N/A
RESEARCH AWARD Europe (Including Iceland and Greenland) 1 547 ELECTRONIC   N/A N/A
GAPSA RC SUMMER23 TRAVEL GRANT Europe (Including Iceland and Greenland) 1 526 WIRE/CHECK   N/A N/A
PRIZES East Asia and the Pacific 1 500 ELECTRONIC   N/A N/A
GAPSA RESEARCH CNRS CONFERENCE TRAVEL- AIRFARE Europe (Including Iceland and Greenland) 1 500 WIRE/CHECK   N/A N/A
GAPSA SPRING RESEARCH AWARD Europe (Including Iceland and Greenland) 1 500 WIRE/CHECK   N/A N/A
GAPSA SPRING 23 RESEARCH GRANT Europe (Including Iceland and Greenland) 1 500 WIRE/CHECK   N/A N/A
AWARD Europe (Including Iceland and Greenland) 1 500 WIRE/CHECK   N/A N/A
AWARD North America 1 500 WIRE/CHECK   N/A N/A
PHOTO CONTEST South Asia 1 500 WIRE/CHECK   N/A N/A
LGBTC TRAVEL AWARD Europe (Including Iceland and Greenland) 1 435 WIRE/CHECK   N/A N/A
ASPS CONVENTION REGISTRATION/AIRFARE Russia and the Newly Independent States 1 415 WIRE/CHECK   N/A N/A
PRIZES East Asia and the Pacific 1 400 ELECTRONIC   N/A N/A
GAPSA SPRING 2024 PC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 400 WIRE/CHECK   N/A N/A
GAPSA PROFESSIONAL AWARD Europe (Including Iceland and Greenland) 1 400 WIRE/CHECK   N/A N/A
GAPSA SPRING 2024 PC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 400 WIRE/CHECK   N/A N/A
GAPSA PROFESSIONAL ARCHITECTURE TRIP TO TURKEY Europe (Including Iceland and Greenland) 1 400 WIRE/CHECK   N/A N/A
RESEARCH AWARD East Asia and the Pacific 1 394 ELECTRONIC   N/A N/A
GAPSA PROFESSIONAL TRAVEL GRANT - BARCELONA Europe (Including Iceland and Greenland) 1 300 WIRE/CHECK   N/A N/A
GAPSA SPRING RESEARCH GRANT South America 1 221 WIRE/CHECK   N/A N/A
PRIZES Europe (Including Iceland and Greenland) 1 200 ELECTRONIC   N/A N/A
PRIZES East Asia and the Pacific 1 150 ELECTRONIC   N/A N/A
RESEARCH AWARD Europe (Including Iceland and Greenland) 1 120 ELECTRONIC   N/A N/A
PRIZES East Asia and the Pacific 1 100 ELECTRONIC   N/A N/A
GAPSA SPRING 2024 RC TRAVEL GRANT Europe (Including Iceland and Greenland) 1 50 WIRE/CHECK   N/A N/A
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
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 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA'S OFFICE OF RESEARCH SERVICES IS RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS PURSUANT TO ESTABLISHED POLICIES AND PROTOCOL. THESE POLICIES COVER GRANTS MADE BOTH WITHIN AND OUTSIDE THE U.S. --------------------
SCHEDULE F, PART II & III DETAIL OF SUB-CONTRACTS IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA MAY MAKE SUB-CONTRACTS TO FOREIGN INSTITUTIONS TO PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUB-CONTRACTS AS GRANTS FOR FORM 990, SCHEDULE F, PART II AND III PURPOSES.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2023
Additional Data


Software ID:  
Software Version:  



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 arrowAttach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.


(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
RUFFALO NOEL LEVITZ
1025 KIRKWOOD PARKWAY SW
 
CEDAR RAPIDS, IA52404 		MANAGE CALL CENTERS   No 841,231 685,375 155,856
ACD DIRECT INC
520 N MARKET PLACE DR STE 200
 
CENTERVILLE, UT84014 		INBOUND CALL CENTER   No 250,627 4,555 246,072
CHARITABLE AUTO RESOURCES
4669 MURPHY CANYON RD STE 100
 
SAN DIEGO, CA92123 		VEHICLE DONATIONS   No 186,540 37,306 149,234
QCSS INC DBA SALESGIG
717 W ST GERMAIN ST
 
ST CLOUD, MN56301 		TELE- MARKETING   No 75,732 24,225 51,507
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow 1,354,130 751,461 602,669
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
All States
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990) 2023
Schedule G (Form 990) 2023
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.









VerticalRevenue
(a) Event #1

MNLIGHT & ROSES
(event type) 		(b) Event #2

FALL GOLF OUTNG
(event type) 		(c) Other events

2
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
346,668
210,185
195,134
751,987

2
Less: Contributions . . . .
259,793
0
94,634
354,427
3 Gross income (line 1 minus
line 2) . . . . . .
86,875
210,185
100,500
397,560



VerticalDirectExpenses
4 Cash prizes . . . . . 0 0 0 0
5 Noncash prizes . . . . 0 3,630 3,000 6,630
6 Rent/facility costs . . . . 0 112,779 38,300 151,079
7 Food and beverages . . . 0 0 0 0
8 Entertainment . . . . 0 0 0 0
9 Other direct expenses . . . 210,204 4,436 31,855 246,495
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 404,204
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow -6,644
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
 
 
 
 


6

Volunteer labor . . . .
%
%
%


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

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

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
YesNo
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
YesNo
b
If "Yes," explain:
 
Schedule G (Form 990) 2023
Schedule G (Form 990) 2023
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
YesNo
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
YesNo
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.
Return Reference Explanation
Schedule G (Form 990) 2023
Additional Data


Software ID:  
Software Version:  
SCHEDULE H
(Form 990)
Department of the Treasury
Internal Revenue Service
Hospitals
Medium right arrow Complete if the organization answered "Yes" on Form 990, Part IV, question 20a.
Medium right arrow Attach to Form 990.
Medium right arrow Go to www.irs.gov/Form990EZ for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Financial Assistance and Certain Other Community Benefits at Cost
Yes
No
1a
Did the organization have a financial assistance policy during the tax year? If "No," skip to question 6a . . . .
1a
Yes
 
b
If "Yes," was it a written policy? ......................
1b
Yes
 
2
If the organization had multiple hospital facilities, indicate which of the following best describes application of the financial assistance policy to its various hospital facilities during the tax year.
3
Answer the following based on the financial assistance eligibility criteria that applied to the largest number of the organization's patients during the tax year.
a
Did the organization use Federal Poverty Guidelines (FPG) as a factor in determining eligibility for providing free care?
If "Yes," indicate which of the following was the FPG family income limit for eligibility for free care:
3a
Yes
 
b
Did the organization use FPG as a factor in determining eligibility for providing discounted care? If "Yes," indicate
which of the following was the family income limit for eligibility for discounted care: . . . . . . . .
3b
Yes
 
%
c
If the organization used factors other than FPG in determining eligibility, describe in Part VI the criteria used for determining eligibility for free or discounted care. Include in the description whether the organization used an asset test or other threshold, regardless of income, as a factor in determining eligibility for free or discounted care.
4
Did the organization's financial assistance policy that applied to the largest number of its patients during the tax year provide for free or discounted care to the "medically indigent"? . . . . . . . . . . . . .

4

Yes

 
5a
Did the organization budget amounts for free or discounted care provided under its financial assistance policy during
the tax year? . . . . . . . . . . . . . . . . . . . . . . .

5a

 

No
b
If "Yes," did the organization's financial assistance expenses exceed the budgeted amount? . . . . . .
5b
 
 
c
If "Yes" to line 5b, as a result of budget considerations, was the organization unable to provide free or discountedcare to a patient who was eligibile for free or discounted care? . . . . . . . . . . . . .
5c
 
 
6a
Did the organization prepare a community benefit report during the tax year? . . . . . . . . .
6a
Yes
 
b
If "Yes," did the organization make it available to the public? . . . . . . . . . . . . .
6b
Yes
 
Complete the following table using the worksheets provided in the Schedule H instructions. Do not submit these worksheets with the Schedule H.
7
Financial Assistance and Certain Other Community Benefits at Cost
Financial Assistance and
Means-Tested
Government Programs
 (a) Number of activities or programs (optional) (b) Persons served (optional) (c) Total community benefit expense (d) Direct offsetting revenue (e) Net community benefit expense (f) Percent of total expense
a Financial Assistance at cost
(from Worksheet 1) . . . 		    16,347,410 0 16,347,410 0.160 %
b Medicaid (from Worksheet 3, column a) . . . . .            
c Costs of other means-tested government programs (from Worksheet 3, column b) . .     640,861,072 437,097,432 203,763,640 2.040 %
d Total Financial Assistance and Means-Tested Government Programs . . . . .     657,208,482 437,097,432 220,111,050 2.200 %
Other Benefits
e Community health improvement services and community benefit operations (from Worksheet 4).            
f Health professions education (from Worksheet 5) . . .     151,145,794 78,513,248 72,632,546 0.730 %
g Subsidized health services (from Worksheet 6) . . . .            
h Research (from Worksheet 7) .     1,001,340,556 835,183,714 166,156,842 1.670 %
i Cash and in-kind contributions for community benefit (from Worksheet 8) . . . .            
j Total. Other Benefits . .     1,152,486,350 913,696,962 238,789,388 2.400 %
k Total. Add lines 7d and 7j .     1,809,694,832 1,350,794,394 458,900,438 4.600 %
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50192T Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page
Part II
Community Building Activities Complete this table if the organization conducted any community building activities during the tax year, and describe in Part VI how its community building activities promoted the health of the communities it serves.
(a) Number of activities or programs (optional) (b) Persons served (optional) (c) Total community building expense (d) Direct offsetting
revenue 		(e) Net community building expense (f) Percent of total expense
1 Physical improvements and housing            
2 Economic development            
3 Community support            
4 Environmental improvements            
5 Leadership development and
training for community members		            
6 Coalition building            
7 Community health improvement advocacy            
8 Workforce development            
9 Other            
10 Total            
Part III
Bad Debt, Medicare, & Collection Practices
Section A. Bad Debt Expense
Yes
No
1
Did the organization report bad debt expense in accordance with Healthcare Financial Management Association Statement No. 15? ..........................
1
Yes
 
2
Enter the amount of the organization's bad debt expense. Explain in Part VI the methodology used by the organization to estimate this amount. ......
2
101,330,566
3
Enter the estimated amount of the organization's bad debt expense attributable to patients eligible under the organization's financial assistance policy. Explain in Part VI the methodology used by the organization to estimate this amount and the rationale, if any, for including this portion of bad debt as community benefit. ......
3
5,578,249
4
Provide in Part VI the text of the footnote to the organization’s financial statements that describes bad debt expense or the page number on which this footnote is contained in the attached financial statements.
Section B. Medicare
5
Enter total revenue received from Medicare (including DSH and IME).....
5
767,906,098
6
Enter Medicare allowable costs of care relating to payments on line 5.....
6
832,666,946
7
Subtract line 6 from line 5. This is the surplus (or shortfall)........
7
-64,760,848
8
Describe in Part VI the extent to which any shortfall reported in line 7 should be treated as community benefit.Also describe in Part VI the costing methodology or source used to determine the amount reported on line 6.Check the box that describes the method used:
Section C. Collection Practices
9a
Did the organization have a written debt collection policy during the tax year? ..........
9a
Yes
 
b
If "Yes," did the organization’s collection policy that applied to the largest number of its patients during the tax year
contain provisions on the collection practices to be followed for patients who are known to qualify for financial assistance? Describe in Part VI .........................

9b

Yes

 
Part IV
Management Companies and Joint Ventures(owned 10% or more by officers, directors, trustees, key employees, and physicians—see instructions)
(a) Name of entity (b) Description of primary
activity of entity 		(c) Organization's
profit % or stock
ownership % 		(d) Officers, directors,
trustees, or key
employees' profit %
or stock ownership % 		(e) Physicians'
profit % or stock
ownership %
1
2
3
4
5
6
7
8
9
10
11
12
13
Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page
Part VFacility Information
Section A. Hospital Facilities
(list in order of size from largest to smallest—see instructions)How many hospital facilities did the organization operate during the tax year?1Name, address, primary website address, and state license number (and if a group return, the name and EIN of the subordinate hospital organization that operates the hospital facility) 		Licensed Hospital General Medical and Surgical Children's Hospital Teaching Hospital Critical Access Hospital Research Facility ER-24Hours ER-Other Other (describe) Facility reporting group
1 THE HOSPITAL OF THE UNIV OF PENN
3400 SPRUCE STREET
PHILADELPHIA,PA19104
WWW.PENNMEDICINE.ORG
LICENSE# 341101 		X X   X X X X      
Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page 4
Part VFacility Information (continued)

Section B. Facility Policies and Practices

(Complete a separate Section B for each of the hospital facilities or facility reporting groups listed in Part V, Section A)
THE HOSPITAL OF THE UNIV OF PENN
Name of hospital facility or letter of facility reporting group  
Line number of hospital facility, or line numbers of hospital facilities in a facility
reporting group (from Part V, Section A): 		1
Yes No
Community Health Needs Assessment
1 Was the hospital facility first licensed, registered, or similarly recognized by a state as a hospital facility in the current tax year or the immediately preceding tax year?........................ 1   No
2 Was the hospital facility acquired or placed into service as a tax-exempt hospital in the current tax year or the immediately preceding tax year? If “Yes,” provide details of the acquisition in Section C............... 2   No
3 During the tax year or either of the two immediately preceding tax years, did the hospital facility conduct a community health needs assessment (CHNA)? If "No," skip to line 12...................... 3 Yes  
If "Yes," indicate what the CHNA report describes (check all that apply):
a
b
c
d
e
f
g
h
i
j
4 Indicate the tax year the hospital facility last conducted a CHNA: 20 21
5 In conducting its most recent CHNA, did the hospital facility take into account input from persons who represent the broad interests of the community served by the hospital facility, including those with special knowledge of or expertise in public health? If "Yes," describe in Section C how the hospital facility took into account input from persons who represent the community, and identify the persons the hospital facility consulted ................. 5 Yes  
6 a Was the hospital facility’s CHNA conducted with one or more other hospital facilities? If "Yes," list the other hospital facilities in Section C.................................. 6a Yes  
b Was the hospital facility’s CHNA conducted with one or more organizations other than hospital facilities?” If “Yes,” list the other organizations in Section C. ............................ 6b Yes  
7 Did the hospital facility make its CHNA report widely available to the public?.............. 7 Yes  
If "Yes," indicate how the CHNA report was made widely available (check all that apply):
a
b
c
d
8 Did the hospital facility adopt an implementation strategy to meet the significant community health needs
identified through its most recently conducted CHNA? If "No," skip to line 11. .............. 		8 Yes  
9 Indicate the tax year the hospital facility last adopted an implementation strategy: 20 22
10 Is the hospital facility's most recently adopted implementation strategy posted on a website?......... 10 Yes  
a If "Yes" (list url): SEE SCH H, PART V, SECTION C
b If "No," is the hospital facility’s most recently adopted implementation strategy attached to this return? ...... 10b    
11 Describe in Section C how the hospital facility is addressing the significant needs identified in its most recently conducted CHNA and any such needs that are not being addressed together with the reasons why such needs are not being addressed.
12a Did the organization incur an excise tax under section 4959 for the hospital facility's failure to conduct a CHNA as required by section 501(r)(3)?............................... 12a   No
b If "Yes" on line 12a, did the organization file Form 4720 to report the section 4959 excise tax?........ 12b    
c If "Yes" on line 12b, what is the total amount of section 4959 excise tax the organization reported on Form 4720 for all of its hospital facilities? $  

Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page 5
Part VFacility Information (continued)

Financial Assistance Policy (FAP)
THE HOSPITAL OF THE UNIV OF PENN
Name of hospital facility or letter of facility reporting group  
Yes No
Did the hospital facility have in place during the tax year a written financial assistance policy that:
13 Explained eligibility criteria for financial assistance, and whether such assistance included free or discounted care? 13 Yes  
If “Yes,” indicate the eligibility criteria explained in the FAP:
a
b
c
d
e
f
g
h
14 Explained the basis for calculating amounts charged to patients?................. 14 Yes  
15 Explained the method for applying for financial assistance?................... 15 Yes  
If “Yes,” indicate how the hospital facility’s FAP or FAP application form (including accompanying instructions) explained the method for applying for financial assistance (check all that apply):
a
b
c
d
e
16 Was widely publicized within the community served by the hospital facility?........ 16 Yes  
If "Yes," indicate how the hospital facility publicized the policy (check all that apply):
a
SCH H, PART V, SECT. C
b
SCH H, PART V, SECT. C
c
d
e
f
g
h
i
j
Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page 6
Part VFacility Information (continued)

Billing and Collections
THE HOSPITAL OF THE UNIV OF PENN
Name of hospital facility or letter of facility reporting group  
Yes No
17 Did the hospital facility have in place during the tax year a separate billing and collections policy, or a written financial assistance policy (FAP) that explained all of the actions the hospital facility or other authorized party may take upon nonpayment?.................................. 17 Yes  
18 Check all of the following actions against an individual that were permitted under the hospital facility's policies during the tax year before making reasonable efforts to determine the individual’s eligibility under the facility’s FAP:
a
b
c
d
e
f
19 Did the hospital facility or other authorized party perform any of the following actions during the tax year before making reasonable efforts to determine the individual’s eligibility under the facility’s FAP?............ 19   No
If "Yes," check all actions in which the hospital facility or a third party engaged:
a
b
c
d
e
20 Indicate which efforts the hospital facility or other authorized party made before initiating any of the actions listed (whether or not checked) in line 19. (check all that apply):
a
b
c
d
e
f
Policy Relating to Emergency Medical Care
21 Did the hospital facility have in place during the tax year a written policy relating to emergency medical care that required the hospital facility to provide, without discrimination, care for emergency medical conditions to individuals regardless of their eligibility under the hospital facility’s financial assistance policy?.................. 21 Yes  
If "No," indicate why:
a
b
c
d
Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page 7
Part VFacility Information (continued)

Charges to Individuals Eligible for Assistance Under the FAP (FAP-Eligible Individuals)
THE HOSPITAL OF THE UNIV OF PENN
Name of hospital facility or letter of facility reporting group  
Yes No
22 Indicate how the hospital facility determined, during the tax year, the maximum amounts that can be charged to FAP-eligible individuals for emergency or other medically necessary care.
a
b
c
d
23 During the tax year, did the hospital facility charge any FAP-eligible individual to whom the hospital facility provided emergency or other medically necessary services more than the amounts generally billed to individuals who had insurance covering such care? ............................... 23   No
If "Yes," explain in Section C.
24 During the tax year, did the hospital facility charge any FAP-eligible individual an amount equal to the gross charge for any service provided to that individual? ........................... 24   No
If "Yes," explain in Section C.
Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page 8
Part V
Facility Information (continued)
Section C. Supplemental Information for Part V, Section B. Provide descriptions required for Part V, Section B, lines 2, 3j, 5, 6a, 6b, 7d, 11, 13b, 13h, 15e, 16j, 18e, 19e, 20a, 20b, 20c, 20d, 20e, 21c, 21d, 23, and 24. If applicable, provide separate descriptions for each hospital facility in a facility reporting group, designated by facility reporting group letter and hospital facility line number from Part V, Section A (“A, 1,” “A, 4,” “B, 2,” “B, 3,” etc.) and name of hospital facility.
Form and Line Reference Explanation
PART V, SECTION B, LINES 5, 6A & 6B (INPUT FROM COMMUNITY; JOINT CHNA) THE PHILADELPHIA DEPARTMENT OF PUBLIC HEALTH ("PDPH") AND HEALTH CARE IMPROVEMENT FOUNDATION ("HCIF") ASSISTED THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") AND OTHER PARTICIPATING HOSPITALS AND HEALTH SYSTEMS WITH THE COMPLETION OF THEIR CHNA. PDPH AND HCIF DEVELOPED A COLLABORATIVE, COMMUNITY-ENGAGED APPROACH THAT INVOLVED COLLECTING AND ANALYZING QUANTITATIVE AND QUALITATIVE DATA AND AGGREGATING DATA FROM A VARIETY OF SECONDARY SOURCES TO COMPREHENSIVELY ASSESS THE HEALTH STATUS OF THE REGION. THE ASSESSMENT RESULTED IN A LIST OF PRIORITY HEALTH NEEDS THAT WERE USED BY UPHS AND OTHER PARTICIPATING HOSPITALS AND HEALTH SYSTEMS TO DEVELOP THEIR IMPLEMENTATION PLANS. AMONG OTHERS, THE COLLABORATIVE CHNA INCLUDED THE FOLLOWING PARTNERING UPHS HOSPITAL AFFILIATES: - CHESTER COUNTY HOSPITAL - HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA - PENNSYLVANIA HOSPITAL OF UPHS - PENN PRESBYTERIAN MEDICAL CENTER OF UPHS FOR MORE INFORMATION, PLEASE SEE: https://www.pennmedicine.org/ABOUT/SUPPORTING-OUR-COMMUNITIES --------------------
PART V, SECTION B, LINE 7 & 10 (CHNA & IMP. STRATEGY PUBLIC AVAILABILITY) A COPY OF THE ORGANIZATION'S CHNA REPORT AND COMMUNITY HEALTH IMPROVEMENT PLAN REPORT ("IMPLEMENTATION PLAN") CAN BE ACCESSED AT: https://www.pennmedicine.org/ABOUT/SUPPORTING-OUR-COMMUNITIES OUR CHNA AND IMPLEMENTATION PLAN ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. -------------------- PART V, SECTION B, LINE 9 (TAX YEAR THE MOST RECENT IMPLEMENTATION STRATEGY WAS ADOPTED) THE ORGANIZATION'S MOST RECENT IMPLEMENTATION PLAN WAS ADOPTED BY 11/15/2022, AS PERMITTED UNDER THE REGULATIONS. --------------------
PART V, SECTION B, LINE 11 (ADDRESSING THE NEEDS IDENTIFIED IN THE CHNA) FOR A COMPLETE DESCRIPTION ON HOW THE ORGANIZATION IS ADDRESSING THE NEEDS IDENTIFIED IN THE MOST RECENTLY COMPLETED CHNA, SEE OUR RESPONSE TO FORM 990, SCHEDULE H, PART VI, LINE 2 (NEEDS ASSESSMENT), AS WELL AS THE FOLLOWING: https://www.pennmedicine.org/ABOUT/SUPPORTING-OUR-COMMUNITIES TO READ MORE WAYS PENN MEDICINE SERVES ITS COMMUNITY, PLEASE VISIT HTTPS://COMMUNITYIMPACT.PENNMEDICINE.ORG/ --------------------
PART V, SECTION B, LINE 16 (FINANCIAL ASSISTANCE POLICY AVAILABILITY) A COPY OF THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY, APPLICATION AND PLAIN LANGUAGE SUMMARY CAN BE ACCESSED AT: https://www.pennmedicine.org/for-patients-and-visitors/patient-information /insurance-and-billing/financial-assistance ------------------
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page 9
Part VFacility Information (continued)

Section D. Other Health Care Facilities That Are Not Licensed, Registered, or Similarly Recognized as a Hospital Facility
(list in order of size, from largest to smallest)
How many non-hospital health care facilities did the organization operate during the tax year?17
Name and address Type of Facility (describe)
1 PENN MEDICINE AT RADNOR
250 KING OF PRUSSIA ROAD
BALA CYNWYD,PA19004 		OUTPATIENT FACILITY
2 PENN MEDICINE AT BUCKS COUNTY
777 TOWNSHIP LINE ROAD
YARDLEY,PA19067 		OUTPATIENT FACILITY
3 PENN MEDICINE AT VALLEY FORGE
1001 CHESTERBROOK BLVD
BERWYN,PA19312 		OUTPATIENT FACILITY
4 PENN MEDICINE AT WOODBURY HEIGHTS
1006 MANTUA PIKE
WOODBURY HEIGHTS,NJ08097 		OUTPATIENT FACILITY
5 PENN MEDICINE AT RITTENHOUSE
1800 LOMBARD STREET
PHILADELPHIA,PA19146 		INPATIENT REHABILITATION
6 ANATOMY CHEMISTRY
420 GUARDIAN DRIVE
PHILADEPHIA,PA19104 		RESEARCH FACILITY
7 BIOMEDICAL RESEARCH BUILDING 2
500 OSLER CIRCLE
PHILADELPHIA,PA19104 		RESEARCH FACILITY
8 BLOCKLEY HALL
423 GUARDIAN DRIVE
PHILADELPHIA,PA19104 		RESEARCH FACILITY
9 CAROLYN HOFF LYNCH BIOLOGY LAB
435 S UNIVERSITY AVENUE
PHILADELPHIA,PA19104 		RESEARCH FACILITY
10 CHEMISTRY LABORATORIES - 1958 WING
231 S 34TH STREET
PHILADELPHIA,PA19104 		RESEARCH FACILITY
11 CHESTNUT HALL
3900 CHESTNUT STREET
PHILADELPHIA,PA19104 		RESEARCH FACILITY
12 CLINICAL RESEARCH BUILDING
415 CURIE BLVD
PHILADELPHIA,PA19104 		RESEARCH FACILITY
13 GL LABORATORY BUILDING
500 S RIDGEWAY
GLENOLDEN,PA19036 		RESEARCH FACILITY
14 GODDARD LABORATORIES
3710 HAMILTON WALK
PHILADELPHIA,PA19104 		RESEARCH FACILITY
15 HAYDEN HALL
3320 SMITH WALK
PHILADELPHIA,PA19104 		RESEARCH FACILITY
16 PERELMAN CENTER FOR ADVANCED MEDICINE
3400 CIVIC CENTER BOULEVARD
PHILADELPHIA,PA19104 		OUTPATIENT FACILITY
17 PENN MEDICINE CHERRY HILL
1865 NJ-70
CHERRY HILL,NJ08003 		OUTPATIENT FACILITY
Schedule H (Form 990) 2023
Schedule H (Form 990) 2023
Page 10
Part VI
Supplemental Information
Provide the following information.
1 Required descriptions. Provide the descriptions required for Part I, lines 3c, 6a, and 7; Part II and Part III, lines 2, 3, 4, 8 and 9b.
2 Needs assessment. Describe how the organization assesses the health care needs of the communities it serves, in addition to any CHNAs reported in Part V, Section B.
3 Patient education of eligibility for assistance. Describe how the organization informs and educates patients and persons who may be billed for patient care about their eligibility for assistance under federal, state, or local government programs or under the organization’s financial assistance policy.
4 Community information. Describe the community the organization serves, taking into account the geographic area and demographic constituents it serves.
5 Promotion of community health. Provide any other information important to describing how the organization’s hospital facilities or other health care facilities further its exempt purpose by promoting the health of the community (e.g., open medical staff, community board, use of surplus funds, etc.).
6 Affiliated health care system. If the organization is part of an affiliated health care system, describe the respective roles of the organization and its affiliates in promoting the health of the communities served.
7 State filing of community benefit report. If applicable, identify all states with which the organization, or a related organization, files a community benefit report.
Form and Line Reference Explanation
PART I, LINE 7 (BAD DEBT EXPENSE, COSTING METHODOLOGY USED) THE BAD DEBT EXPENSE AMOUNT INCLUDED ON FORM 990, PART IX, COLUMN 25(A) WAS $28,689,000 RELATED TO ACADEMIC BAD DEBTS FOR THE YEAR ENDED JUNE 30, 2024. CONSISTENT WITH PRIOR YEAR, DUE TO THE ADOPTION OF ACCOUNTING PRONOUNCEMENT ASC 606, IMPLICIT PRICE CONCESSIONS ARE TREATED AS A CONTRA-REVENUE ITEM ON THE STATEMENT OF REVENUE. THE COSTING METHODOLOGY USED IN CALCULATING THE AMOUNTS REPORTED ON THE LINE 7 TABLE ARE BASED ON A COST TO CHARGE RATIO. THE COST TO CHARGE RATIO WAS DERIVED FROM WORKSHEET 2 OF THE FORM 990, SCHEDULE H INSTRUCTIONS. --------------------
PART II (DETAIL OF COMMUNITY BUILDING ACTIVITIES) DETAILS REGARDING THE VARIOUS COMMUNITY BUILDING ACTIVITIES CONDUCTED BY THE ORGANIZATION CAN BE FOUND IN OUR RESPONSE TO FORM 990, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. --------------------
PART III, SECTION A, LINE 2 (IMPLICIT PRICE CONCESSIONS/BAD DEBT EXPENSE) THE COSTING METHODOLOGY USED IN DETERMINING THE AMOUNTS REPORTED ON LINES 2 AND 3 ARE BASED ON ACTUAL CHARGES WRITTEN OFF (AMOUNTS THAT ARE DEEMED TO BE UNCOLLECTIBLE AND RECORDED AS IMPLICIT PRICE CONCESSIONS UNDER ACCOUNTING PRONOUNCEMENT ASC 606). -------------------- PART III, SECTION A, LINE 3 (IMPLICIT PRICE CONCESSIONS ATTRIBUTABLE TO PATIENTS ELIGIBLE UNDER THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY) UPHS UTILIZES A THIRD-PARTY VENDOR TO POPULATE THE NUMBER OF INDIVIDUALS WITHIN EACH HOUSEHOLD AND THE MEAN HOUSEHOLD INCOME BASED ON THE ACCOUNT ADDRESS. UPHS ESTIMATES THE AMOUNT OF BAD DEBTS (IMPLICIT PRICE CONCESSIONS) ATTRIBUTABLE TO PATIENTS ELIGIBLE UNDER ITS FINANCIAL ASSISTANCE POLICY BASED UPON 300% OF THE FEDERAL POVERTY GUIDELINES. -------------------- PART III, SECTION A, LINE 4 (IMPLICIT PRICE CONCESSION FOOTNOTE) THE IMPLICIT PRICE CONCESSION (BAD DEBT EXPENSE) FOOTNOTE DISCLOSURE CAN BE FOUND ON PAGE 11 OF THE ELECTRONICALLY ATTACHED CONSOLIDATED FINANCIAL STATEMENTS FOR THE UNIVERSITY OF PENNSYLVANIA. --------------------
PART III, SECTION B, LINE 8 (COSTING METHODOLOGY, MEDICARE SHORTFALL) THE COSTING METHODOLOGY USED IN DETERMINING THE AMOUNT REPORTED ON LINE 6 IS BASED ON A COST TO CHARGE RATIO. CONSISTENT WITH THE CHARITABLE HEALTHCARE MISSION OF UPHS AND THE COMMUNITY BENEFIT STANDARD SET FORTH IN IRS REVENUE RULING 69-545, UPHS PROVIDES CARE FOR ALL PATIENTS COVERED BY MEDICARE SEEKING MEDICAL CARE AT UPHS. SUCH CARE IS PROVIDED REGARDLESS OF WHETHER THE REIMBURSEMENT PROVIDED FOR SUCH SERVICES MEETS OR EXCEEDS THE COSTS INCURRED BY UPHS TO PROVIDE SUCH SERVICES. --------------------
PART III, LINE 9B (COLLECTION PRACTICES) THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM PROVIDES URGENT/EMERGENT MEDICAL SERVICES WITHOUT REGARD TO ABILITY TO PAY. WHEN IT HAS BEEN DETERMINED THAT A PATIENT IS NOT ELIGIBLE FOR COVERAGE BY EXTERNAL SOURCES OF FUNDING, FINANCIAL ASSISTANCE MAY BE AVAILABLE FOR BOTH THE UNINSURED AND UNDERINSURED, THE INDIGENT, HARDSHIP AND MEDICALLY INDIGENT AND MAY BE APPROVED AS EITHER FULL OR PARTIAL FREE CARE. PATIENTS WHO DO NOT COOPERATE WITH THE FINANCIAL COUNSELING PROCESS OR WHOSE APPLICATION FOR FINANCIAL ASSISTANCE IS DENIED BY THE HEALTH SYSTEM MAY BE PURSUED BY COLLECTION EFFORTS, INCLUDING REFERRAL TO AN OUTSIDE COLLECTION AGENCY OR ATTORNEY AS DETERMINED BY OUR PATIENT ACCOUNTING DEPARTMENT. --------------------
PART VI, LINE 2 (NEEDS ASSESSMENT) PENN MEDICINE IS ONE OF THE WORLD'S LEADING ACADEMIC MEDICAL CENTERS, DEDICATED TO THE RELATED MISSIONS OF MEDICAL EDUCATION, BIOMEDICAL RESEARCH, AND EXCELLENCE IN PATIENT CARE. PENN MEDICINE CONSISTS OF THE RAYMOND AND RUTH PERELMAN SCHOOL OF MEDICINE AT THE UNIVERSITY OF PENNSYLVANIA, FOUNDED IN 1765 AS THE NATION'S FIRST MEDICAL SCHOOL, AND THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (UPHS), WHICH TOGETHER FORM A $11.9 BILLION ENTERPRISE. THE PERELMAN SCHOOL OF MEDICINE AND UPHS ARE COMMITTED TO IMPROVING LIVES AND HEALTH THROUGH CLINICAL CARE, RESEARCH, MEDICAL EDUCATION, AND COMMUNITY SERVICE. THE SCHOOL OF MEDICINE HAS 791 M.D. STUDENTS, 1,947 RESIDENTS AND FELLOWS, AND 3,289 FULL-TIME FACULTY MEMBERS AS OF FY23. THROUGH UNDERGRADUATE MEDICAL EDUCATION, BROAD RANGING GRADUATE, RESIDENCY, AND FELLOWSHIP PROGRAMS, AND CONTINUING MEDICAL EDUCATION COURSES, THE SCHOOL TRAINS THE FUTURE LEADERS OF AMERICAN MEDICINE. AMBITIOUS BIOMEDICAL RESEARCH, CARRIED OUT IN 28 BASIC SCIENCE AND CLINICAL DEPARTMENTS AND IN NUMEROUS MULTIDISCIPLINARY CENTERS AND INSTITUTES, IS CLOSELY LINKED TO TEACHING AND PATIENT CARE, CONTRIBUTING TO OVERALL EXCELLENCE IN ALL THREE MISSION AREAS AND TO PENN MEDICINE'S PREEMINENCE AS AN INTEGRATED ACADEMIC MEDICAL CENTER. WITHIN OUR PHILADELPHIA FACILITIES, IN KEEPING WITH OUR CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY. IN FISCAL YEAR 2023, PENN MEDICINE, AS AN INSTITUTION, PROVIDED $421.9 MILLION IN CHARITY AND UNDERFUNDED CARE FOR PATIENTS IN NEED. THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA (HUP) WAS ESTABLISHED IN 1874 AS A TEACHING HOSPITAL TO COMPLEMENT THE MEDICAL EDUCATION RECEIVED BY STUDENTS AT THE PERELMAN SCHOOL OF MEDICINE. TODAY, IT HAS 20 CLINICAL DEPARTMENTS AND PROVIDES TRAINING IN MORE THAN 40 CLINICAL SPECIALTIES. MAJOR AREAS OF CLINICAL FOCUS ACROSS HUP INCLUDE CARDIAC CARE, ONCOLOGY, NEUROSCIENCES, AND WOMEN'S HEALTH. HUP IS ONE OF THE ONLY HOSPITALS IN THIS REGION THAT PERFORMS TRANSPLANTS OF ALL MAJOR ORGANS. HUP'S CAMPUS IS A HUB FOR INNOVATIVE MEDICAL CARE, AND HOME TO THE PAVILION-THE LARGEST CAPITAL PROJECT IN THE UNIVERSITY OF PENNSYLVANIA'S HISTORY-WHICH OPENED IN OCTOBER 2021. THE PAVILION IS ONE OF THE LARGEST HOSPITAL PROJECTS IN THE U.S.-AND THE LARGEST IN THE PHILADELPHIA REGION. THE BUILDING RISES 17 STORIES ON PENN MEDICINE'S WEST PHILADELPHIA CAMPUS AS A PLACE WHERE PENN'S WORLD-RENOWNED RESEARCHERS, CLINICIANS, AND FACULTY WILL CONTINUE TO PIONEER ADVANCED PATIENT CARE. THE $1.6 BILLION FACILITY HOUSES 504 PRIVATE PATIENT ROOMS AND 47 OPERATING ROOMS. IN MARCH 2021, HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA - CEDAR AVENUE OPENED AS PART OF A PARTNERSHIP WITH PUBLIC HEALTH MANAGEMENT CORPORATION (PHMC) OFFERING CONTINUITY IN ACCESS TO CARE AND SERVICES IN WEST AND SOUTHWEST PHILADELPHIA IN PLACE OF A LONGSTANDING COMMUNITY HOSPITAL THAT NEEDED TO CLOSE. THIS SITE OFFERS 121 LICENSED BEDS AND CONTINUES TO EVOLVE INTO A MULTI-FACETED AND INNOVATIVE PUBLIC HEALTH CAMPUS. PENN MEDICINE MANAGES THE EMERGENCY DEPARTMENT, INPATIENT SERVICES, AND HOSPITAL-BASED BEHAVIORAL HEALTH PROGRAMMING AS HUP-CEDAR. PHMC HAS OPENED A FEDERALLY QUALIFIED HEALTH CENTER AT THE SITE, WHICH IS STAFFED BY CLINICIANS FROM THE PENN MEDICINE DEPARTMENT OF FAMILY MEDICINE AND COMMUNITY HEALTH, PROVIDING COMMUNITY MEMBERS WITH ACCESS TO HIGH-QUALITY, INTEGRATED, PATIENT-CENTERED HEALTH CARE. A KEY ELEMENT OF THE CAMPUS IS A ROBUST COMMUNITY ENGAGEMENT PLAN THAT INCLUDES REGULAR AND ONGOING COMMUNITY OUTREACH WITH STAKEHOLDERS, THUS SUPPORTING THE ENGAGEMENT OF COMMUNITY-BASED, NON-PROFIT SOCIAL SERVICES THAT ADDRESS KEY ISSUES, SUCH AS HEALTH AND WELLNESS EDUCATION AND FOOD INSECURITY. PENN PRESBYTERIAN MEDICAL CENTER (PPMC) IS CONSISTENTLY RECOGNIZED AS A CENTER OF EXCELLENCE FOR CARDIAC CARE, OPHTHALMOLOGY, AND NEUROSCIENCES. PPMC'S CAMPUS INCLUDES THE MUSCULOSKELETAL CENTER'S OUTPATIENT FACILITY AT PENN MEDICINE UNIVERSITY CITY, ABRAMSON CANCER CENTER AND THE PAVILION FOR ADVANCED CARE, HOME TO PENN MEDICINE'S LEVEL 1 TRAUMA CENTER. THE PA ACCREDITED TRAUMA CENTER OPERATES AROUND THE CLOCK TO CARE FOR PATIENTS WHO HAVE BEEN CRITICALLY INJURED IN CAR ACCIDENTS, FALLS, GUNSHOT WOUNDS AND THROUGH OTHER BLUNT AND PENETRATING TRAUMAS. THE TRAUMA CENTER AT PENN PRESBYTERIAN MEDICAL CENTER SERVES AS A REGIONAL RESOURCE FOR INJURED PATIENTS CARING FOR MORE THAN 3,000 PATIENTS ANNUALLY, SEVERAL HUNDRED OF WHOM ARE TRANSFERRED FROM OTHER AREA HOSPITALS AND TRAUMA CENTERS. PENNSYLVANIA HOSPITAL IS THE NATION'S FIRST HOSPITAL. FOUNDED IN 1751 BY BENJAMIN FRANKLIN AND DR. THOMAS BOND, PENNSYLVANIA HOSPITAL HAS BEEN A LEADER IN PATIENT CARE, TREATMENT TECHNIQUES, AND MEDICAL EDUCATION FOR MORE THAN 270 YEARS. TODAY ITS CLINICAL PROGRAMS INCLUDE THE SPINE CENTER, ORTHOPEDICS, THE CENTER FOR TRANSFUSION-FREE MEDICINE, MATERNITY AND NEWBORN SERVICES, AND BEHAVIORAL HEALTH. PENNSYLVANIA HOSPITAL IS ALSO HOME TO PENN MEDICINE WASHINGTON SQUARE, THE HOSPITAL'S OUTPATIENT FACILITY. ** IMPACT OF PRIOR COMMUNITY HEALTH NEEDS ASSESSMENT AND IMPLEMENTATION PROPELLED BY OUR TRIPARTITE MISSION OF PATIENT CARE, EDUCATION, AND RESEARCH, AND IN RESPONSE TO THE NEEDS OF OUR COMMUNITY, PENN MEDICINE HAS DRIVEN SEVERAL PROGRAMS TO CARE FOR OUR NEIGHBORS AND IMPROVE THE WELL-BEING OF OUR REGION: > MENTAL AND BEHAVIORAL HEALTH AND SUBSTANCE USE THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA-CEDAR AVENUE (HUP CEDAR) CRISIS RESPONSE CENTER (CRC) WAS ESTABLISHED IN 2023 TO MAKE CRITICAL PSYCHIATRIC AND SUBSTANCE USE CARE EASILY ACCESSIBLE FOR WEST AND SOUTHWEST PHILADELPHIA RESIDENTS. IN ADDITION TO MOVING INPATIENT AND DRUG AND ALCOHOL DETOXIFICATION UNITS FROM PENN PRESBYTERIAN MEDICAL CENTER TO HUP CEDAR, THE NEWLY ESTABLISHED CRC PROVIDED CARE FOR MORE THAN 4,500 PATIENT VISITS IN ITS FIRST YEAR. TOGETHER, PENNSYLVANIA HOSPITAL AND THE HUP CEDAR HAVE A TOTAL OF 73 LICENSED INPATIENT PSYCHIATRIC BEDS AND 16 BEDS FOR SUBSTANCE USE TREATMENT. IN 2023, THERE WERE MORE THAN 107,000 DRUG OVERDOSE DEATHS IN THE UNITED STATES, AND IN PHILADELPHIA, DEATH RATES CONTINUE TO RISE. PENN MEDICINE'S CENTER FOR OPIOID RECOVERY AND ENGAGEMENT (CORE) PROVIDES FREE PEER SUPPORT FOR INDIVIDUALS STRUGGLING WITH OPIOID USE AND THEIR LOVED ONES. THE PROGRAM PROVIDES MULTIPLE PATHWAYS TO RECOVERY BY REMOVING BARRIERS AND FACILITATING ACCESS TO RECOVERY RESOURCES. CORE OFFERS HANDS-ON MEDICAL AND BEHAVIORAL HELP TO ENSURE INDIVIDUALS RECEIVE CONTINUED TREATMENT AND ARE SUPPORTED WITHIN THEIR COMMUNITIES. CORE'S OPIOID USE DISORDER (OUD) CARE TEAM IS MADE UP OF CERTIFIED RECOVERY SPECIALISTS WHO USE THEIR PERSONAL OUD EXPERIENCES TO PROVIDE PARTICIPANTS WITH LONG-TERM GUIDANCE FOR RECOVERY. CORE ALSO OFFERS ENHANCED CASE MANAGEMENT SERVICES, PROVIDING ASSISTANCE WITH OBTAINING HOUSING, EDUCATION, SOCIAL SERVICE NEEDS, SUPPORT GROUPS AND ACCESS TO TREATMENT. > CHRONIC DISEASE PREVENTION AND MANAGEMENT STROKE COMMUNITY EDUCATION PROGRAM: IN RECOGNITION THAT STROKE IS THE NUMBER-ONE PREVENTABLE CAUSE OF DISABILITY, PENN MEDICINE OFFERS COMMUNITY-BASED, STROKE-RELATED EDUCATIONAL PROGRAMMING AT EVERY HOSPITAL IN THE SYSTEM. RISK FACTORS ARE IDENTIFIED THROUGH A COMMUNITY HEALTH NEEDS ASSESSMENT, WITH PROGRAM STAFF STRIVING TO HELP RESIDENTS COMBAT ANY RISK FACTORS THAT EMERGE, WHILE WORKING TO INCREASE AWARENESS OF STROKE AND ITS SYMPTOMS. NATIONAL DIABETES PREVENTION PROGRAM (NDPP): THIS YEAR-LONG, RESEARCH-BASED PROGRAM USES CURRICULUM PUBLISHED BY THE CENTERS FOR DISEASE CONTROL AND PREVENTION TO PROMOTE HEALTHY EATING AND PHYSICAL ACTIVITY IN INDIVIDUALS AT RISK FOR DEVELOPING TYPE 2 DIABETES. PROVIDED AT MOST PENN MEDICINE DIABETES EDUCATION CENTERS, THE NDPP ENCOURAGES HEALTHY LIFESTYLE CHANGES TO DELAY OR PREVENT A DIAGNOSIS OF TYPE 2 DIABETES. DIABETES SELF-MANAGEMENT EDUCATION AND SUPPORT PROGRAMS (DSMES): DIABETES IS A COMPLEX CONDITION THAT INVOLVES MANY DAILY SELF-MANAGEMENT HABITS. DSMES PROGRAMS PROVIDE INDIVIDUALS LIVING WITH DIABETES WITH THE TOOLS AND SUPPORT NEEDED TO ADDRESS THE BEHAVIORAL, EDUCATIONAL, MEDICAL, AND MENTAL ASPECTS OF DIABETES MANAGEMENT. THESE SKILLS CAN HELP PEOPLE WITH DIABETES ENHANCE THEIR DAILY SELF-CARE, DECREASE COMPLICATIONS OF DIABETES, AND IMPROVE OVERALL HEALTH OUTCOMES. IN THE PAST FISCAL YEAR, OVER 500 INDIVIDUALS HAVE ATTENDED DIABETES SELF-MANAGEMENT EDUCATION AND SUPPORT SESSIONS OFFERED AT THE ACCREDITED PENN MEDICINE DIABETES EDUCATION CENTERS, INCLUDING PENNSYLVANIA HOSPITAL. > PRIMARY AND PREVENTIVE CARE NAVIGATION AND ACCESS THE PENN CENTER FOR COMMUNITY HEALTH WORKERS PROGRAM IS A STANDARDIZED, SCALABLE COMMUNITY HEALTH WORKER (CHW) PROGRAM IN WHICH PENN MEDICINE HIRES, TRAINS, AND DEPLOYS TRUSTED LAYPEOPLE FROM LOCAL COMMUNITIES TO HELP PATIENTS ADDRESS FOOD, HOUSING, TRANSPORTATION, AND CHRONIC DISEASE
PART VI, LINE 3 (PATIENT EDUCATION OF ELIGIBILITY FOR ASSISTANCE) UPHS IS COMMITTED TO CARING FOR ALL PATIENTS EQUITABLY, WITH DIGNITY, RESPECT AND COMPASSION WITHOUT REGARD TO AGE, RACE, COLOR, NATIONAL ORIGIN (INCLUDING LIMITED ENGLISH PROFICIENCY), ETHNICITY, RELIGION, CREED, SEX, PHYSICAL OR MENTAL DISABILITY, MARITAL STATUS OR SEXUAL PREFERENCE, ANCESTRY, SEXUAL ORIENTATION, GENETIC INFORMATION, CULTURE, SOCIOECONOMIC STATUS, DOMESTIC OR SEXUAL VIOLENCE VICTIM STATUS, SOURCE OF INCOME, SOURCE OF PAYMENT, OR VETERAN STATUS. AS PART OF THIS COMMITMENT, UPHS OFFERS FINANCIAL COUNSELING AND ASSISTANCE PROGRAMS TO UNINSURED AND UNDERINSURED PATIENTS TO ASSIST THOSE WHO CANNOT PAY FOR ALL OR PART OF THEIR CARE. PATIENTS WILL BE CONSIDERED FOR FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS, TAKING INTO CONSIDERATION TOTAL HOUSEHOLD INCOME AND OTHER RESOURCES. UPHS WILL ALSO CONSIDER OTHER FACTORS IN THE PATIENT/FAMILY FINANCIAL SITUATION, SHOULD THERE BE OTHER CRITICAL EXPENSES, NOT RELATED TO THE PATIENT'S MEDICAL CARE, THAT MAKE PAYMENT OF THE FINANCIAL OBLIGATION IMPOSSIBLE, SUCH AS CARING FOR A DISABLED FAMILY MEMBER. UPHS INFORMS AND EDUCATES PATIENTS AND PERSONS WHO MAY BE BILLED FOR PATIENT CARE ABOUT THEIR ELIGIBILITY FOR ASSISTANCE UNDER FEDERAL, STATE, OR LOCAL GOVERNMENT PROGRAMS OR UNDER UPHS'S CHARITY CARE POLICY. PATIENTS ARE INFORMED OF THE AVAILABILITY OF CHARITY CARE IN VARIOUS WAYS (E.G. AT POINT OF REGISTRATION, ON POSTERS THROUGHOUT HOSPITAL, IN PRACTICES, FINANCIAL COUNSELOR INTERVIEW AND WEBSITE). A COPY OF OUR FINANCIAL ASSISTANCE POLICY, APPLICATION AND PLAIN LANGUAGE SUMMARY CAN BE ACCESSED AT: https://www.pennmedicine.org/for-patients-and-visitors/patient-information /insurance-and-billing/financial-assistance --------------------
PART VI, LINE 4 (COMMUNITY INFORMATION) UPHS IS SENSITIVE TO THE DISPARITY IN THE QUALITY OF HEALTH AND HEALTH CARE AMONG THE PEOPLE OF THE PHILADELPHIA AREA. IN NEIGHBORHOODS THROUGHOUT THE CITY, MANY RESIDENTS, OFTEN THE VERY YOUNG OR THE VERY OLD, DO NOT HAVE ACCESS TO ADEQUATE CARE. THE QUALITY OF THEIR LIVES IS DIMINISHED BECAUSE THEY ARE UNABLE TO RECEIVE THE SERVICES AND SUPPORT THEY NEED. AWARE OF THE BARRIERS TO HEALTH CARE FACED BY OUR COMMUNITIES, WE USE OUR RESOURCES TO IMPROVE THE HEALTH AND WELLNESS AMONG THE UNDERSERVED. OUR MORAL IMPERATIVE IS TO LOOK, LISTEN, AND ACT IN WAYS THAT WILL MAKE A DIFFERENCE. IN COLLABORATION WITH OUR PHYSICIANS, NURSES, STUDENTS, AND COMMUNITY PARTNERS, WE TAKE ACTION TO ENHANCE THE WELL-BEING OF THE NEIGHBORHOODS WE ALL SHARE. --------------------
PART VI, LINE 5 (INFORMATION REGARDING PROMOTION OF COMMUNITY HEALTH) DETAILS REGARDING THE VARIOUS COMMUNITY OUTREACH ACTIVITIES CONDUCTED BY UPHS DESIGNED TO PROMOTE COMMUNITY HEALTH IS INCLUDED IN OUR RESPONSE TO SCHEDULE H, PART VI, LINE 2, AS WELL AS IN FORM 990, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. --------------------
PART VI, LINE 6 (AFFILIATED HEALTHCARE SYSTEM INFORMATION) THE MISSION OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM IS EXCELLENCE IN EDUCATION, RESEARCH, AND CLINICAL CARE. WE STRIVE TO ACHIEVE THESE GOALS BY HAVING THE BEST PEOPLE IN MEDICAL EDUCATION, HEALTH-RELATED RESEARCH, AND PATIENT CARE; MAKING USE OF KNOWLEDGE GAINED FROM NEARLY TWO AND A HALF CENTURIES OF LEARNING AND DISCOVERY AS PART OF A WORLD-CLASS UNIVERSITY; DELIVERING HIGH-QUALITY MEDICINE TO PATIENTS ACROSS A FULLY-INTEGRATED ACADEMIC HEALTH SYSTEM; AND FULFILLING A COMMITMENT TO IMPROVE THE HEALTH OF PEOPLE IN THE COMMUNITIES SERVED BY THE HEALTH SYSTEM AND AROUND THE WORLD. AS PART OF AN AFFILIATED HEALTHCARE SYSTEM, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM CONSISTS OF CERTAIN OPERATING DIVISIONS OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") AND AFFILIATED ENTITIES, INCLUDING: - THE CHESTER COUNTY HOSPITAL ("CCH"), INCLUDES A 245 BED COMPLEX IN WEST CHESTER, PENNSYLVANIA, AND SATELLITE LOCATIONS IN EXTON, WEST GOSHEN, NEW GARDEN, JENNERSVILLE, AND KENNETT SQUARE, PENNSYLVANIA; - THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA ("HUP"), A 727 LICENSED BED QUATERNARY CARE HOSPITAL AND ACADEMIC MEDICAL CENTER LOCATED ON THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENN PRESBYTERIAN MEDICAL CENTER OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PRESBYTERIAN"), A 317 LICENSED BED ACUTE CARE HOSPITAL LOCATED ADJACENT TO THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENNSYLVANIA HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PENNSYLVANIA HOSPITAL"), A 550 LICENSED BED ACUTE CARE HOSPITAL LOCATED IN THE CENTER CITY AREA OF PHILADELPHIA, PENNSYLVANIA; - THE CLINICAL PRACTICES OF THE UNIVERSITY OF PENNSYLVANIA ("CPUP"), THE APPROVED FACULTY PRACTICE PLAN FOR THE CLINICAL PRACTICES OF MEMBERS OF THE MEDICAL FACULTY OF THE UNIVERSITY'S PERELMAN SCHOOL OF MEDICINE; - CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("CCA"), A PRIMARY CARE PHYSICIAN NETWORK THAT INCLUDES LOCATIONS IN SOUTHEASTERN PENNSYLVANIA AND SOUTHERN NEW JERSEY THROUGH ITS NEW JERSEY AFFILIATE; - LANCASTER GENERAL HEALTH ("LGH") AND ITS AFFILIATES. LGH OPERATES THREE HOSPITALS IN SOUTH CENTRAL PENNSYLVANIA, INCLUDING LANCASTER GENERAL HOSPITAL, A 533-BED GENERAL ACUTE CARE HOSPITAL, WOMEN & BABIES HOSPITAL, A 98-BED FACILITY SPECIALIZING IN WOMEN'S HEALTH AND MATERNITY SERVICES, AND LANCASTER REHABILITATION HOSPITAL, A 59-BED REHABILITATION HOSPITAL, AS WELL AS 14 OUTPATIENT CENTERS, THREE URGENT CARE SITES, AND A PHYSICIAN PRACTICE NETWORK WITH NEARLY 200 PRIMARY CARE AND SPECIALTY PRACTICES AT 40 PRACTICE SITES; - WISSAHICKON HOSPICE, A HOSPICE CARE FACILITY SERVING THE TERMINALLY ILL, LOCATED IN BALA CYNWYD, PENNSYLVANIA; AND - PRINCETON HEALTHCARE SYSTEM ("PRINCETON") AND ITS AFFILIATES. PRINCETON INCLUDES A COMPREHENSIVE HEALTHCARE PROVIDER LOCATED IN CENTRAL NEW JERSEY THAT PRINCIPALLY INCLUDES THE MEDICAL CENTER OF PRINCETON, A GENERAL ACUTE CARE HOSPITAL FACILITY IN PLAINSBORO, NJ, WITH 319 INPATIENT BEDS (PLUS 24 NEWBORN BASSINETS), AND PRINCETON HOUSE BEHAVIORAL HEALTH, WHICH INCLUDES A 110 BED INPATIENT FACILITY IN PRINCETON, NJ, AS WELL AS FOUR ADDITIONAL OUTPATIENT LOCATIONS. PRINCETON INCLUDES APPROXIMATELY 1,200 PHYSICIANS ON STAFF AND EMPLOYS APPROXIMATELY 3,200 PEOPLE. --------------------
PART VI, LINE 7 (STATE FILING OF COMMUNITY BENEFIT REPORT) N/A
Schedule H (Form 990) 2023
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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) UNIVERSITY CITY DISTRICT
3940 CHESTNUT ST
PHILADELPHIA,PA19104 		23-2913784 501(C)(3) 4,218,716   FMV N/A SUPPORT PRGM SRVS
(2) SCHOOL DISTRICT OF PHILADELPHIA
440 N BROAD ST
PHILADELPHIA,PA19130 		23-6004102 GOV'T. ORG. 3,944,900   FMV N/A SUPPORT PRGM SRVS
(3) UNITED WAY'S IMPACT FUND
PO BOX 787897
PHILADELPHIA,PA191787897 		23-1556045 501(C)(3) 530,851   FMV N/A SUPPORT PRGM SRVS
(4) GREATER PHILADELPHIA CHAMBER OF COMMERCE
200 S BROAD ST SUITE 700
PHILADELPHIA,PA191023896 		23-0969030 501(C)(6) 276,000   FMV N/A SUPPORT PRGM SRVS
(5) SIXERS YOUTH FOUNDATION (PHILADELPHIA 76ERS LP)
3 BANNER WY
CAMDEN,NJ08103 		46-1683699 501(C)(3) 250,000   FMV N/A SUPPORT PRGM SRVS
(6) REBUILDING TOGETHER PHILADELPHIA
4355 ORCHARD ST SUITE 2R
PHILADELPHIA,PA19124 		23-2549594 501(C)(3) 184,269   FMV N/A SUPPORT PRGM SRVS
(7) SCHUYLKILL RIVER DEVELOPMENT CORPORATION
2401 WALNUT STREET SUITE 604
PHILADELPHIA,PA19103 		23-2690558 501(C)(3) 125,049   FMV N/A SUPPORT PRGM SRVS
(8) COALITION TO STRENGTHEN AMERICA'S HEALTHCARE
PO BOX 30211
BETHESDA,MD208240211 		52-2253225 501(C)(3) 125,000   FMV N/A SUPPORT PRGM SRVS
(9) HILLEL OF GREATER PHILA
215 SOUTH 39TH ST
PHILADELPHIA,PA19104 		23-1365179 501(C)(3) 125,000   FMV N/A SUPPORT PRGM SRVS
(10) UC GREEN
401 SPRUCE ST LOWER LEVEL
PHILADELPHIA,PA19104 		57-1204276 501(C)(3) 112,500   FMV N/A SUPPORT PRGM SRVS
(11) AMERICAN HEART ASSOCIATION
1617 JFK BLVD STE700
PHILADELPHIA,PA19103 		13-5613797 501(C)(3) 105,156   FMV N/A SUPPORT PRGM SRVS
(12) GIFT OF LIFE HOWIE'S HOUSE
401 CALLOWHILL ST
PHILADELPHIA,PA191234101 		26-0585694 501(C)(3) 100,553   FMV N/A SUPPORT PRGM SRVS
(13) JEWISH FEDERATION OF SOUTHERN NEW JERSEY
1301 SPRINGDALE RD
CHERRY HILL,NJ08003 		21-0634489 501(C)(3) 99,997   FMV N/A SUPPORT PRGM SRVS
(14) TEAM THOMPSON FAMILY FOUNDATION
5602 N SYDENHAM ST
PHILADELPHIA,PA191412320 		87-1934091 501(C)(3) 75,000   FMV N/A SUPPORT PRGM SRVS
(15) CAROL EMMOTT FOUNDATION
4931 SW 76th Ave Ste 229
PORTLAND,OR97225 		84-1882898 501(C)(3) 65,000   FMV N/A SUPPORT PRGM SRVS
(16) MARCH OF DIMES
1550 CRYSTAL DRIVE SUITE 1300
ALRINGTON,VA22202 		13-1846366 501(C)(3) 50,926   FMV N/A SUPPORT PRGM SRVS
(17) TRAVIS MANION FOUNDATION
140 E State St
DOYLESTOWN,PA18901 		41-2237951 501(C)(3) 50,436   FMV N/A SUPPORT PRGM SRVS
(18) ST MARGARET PARISH NARBERTH PA
227 N NARBERTH AVE
NARBETH,PA19072 		23-1371972 501(C)(3) 50,100   FMV N/A SUPPORT PRGM SRVS
(19) UNIVERSITY OF CHICAGO
5807 S WOODLAWN AVE SUITE 211
CHICAGO,IL60637 		36-2177139 501(C)(3) 50,000   FMV N/A SUPPORT PRGM SRVS
(20) CLEAR FUND (DBA GIVEWELL)
1714 FRANKLIN STREET 100335
OAKLAND,CA94612 		20-8625442 501(C)(3) 41,580   FMV N/A SUPPORT PRGM SRVS
(21) THE PHILADELPHIA CITIZEN
2400 MARKET ST
OFFSITE AT FITLER CLUB
PHILADELPHIA,PA19103 		46-2777419 501(C)(3) 25,000   FMV N/A SUPPORT PRGM SRVS
(22) PHILABUNDANCE
3616 S GALLOWAY ST
PHILADELPHIA,PA19148 		23-2290505 501(C)(3) 21,027   FMV N/A SUPPORT PRGM SRVS
(23) FURREVER FRIENDS
PO BOX 141
WOODBURY,NJ08096 		20-3286435 501(c)(3) 20,011   FMV N/A SUPPORT PRGM SRVS
(24) AMERICA CANCER SOCIETY
STE 1300 270 PEACHTREE ST NW
ATLANTA,GA30303 		46-5439010 501(C)(3) 20,000   FMV N/A SUPPORT PRGM SRVS
(25) LANCASTER COUNTY COMMUNITY FOUNDATION
24 W KING STREET SUITE 201
LANCASTER,PA17603 		20-0874857 501(C)(3) 20,000   FMV N/A SUPPORT PRGM SRVS
(26) ROCK MINISTRIES OF PHILADELPHIA INC
2755 KENSINGTON AVE
PHILADELPHIA,PA19134 		20-0471983 501(C)(3) 20,000   FMV N/A SUPPORT PRGM SRVS
(27) PHILADELPHIA SCHOOL
2501 LOMBARD ST
PHILADELPHIA,PA19146 		23-7091186 501(C)(3) 17,250   FMV N/A SUPPORT PRGM SRVS
(28) GIVEDIRECTLY
PO BOX 3221
NEW YORK,NY10008 		27-1661997 501(C)(3) 16,875   FMV N/A SUPPORT PRGM SRVS
(29) ABRAMSON CANCER CENTER OF THE UNIVERSITY OF PENNSY
421 CURIE BLVD
PHILADELPHIA,PA19104 		23-2929823 501(C)(3) 16,201   FMV N/A SUPPORT PRGM SRVS
(30) COMMUNITY COLLEGE OF PHILA
1700 SPRING GARDEN ST
PHILADELPHIA,PA19130 		23-2612698 501(c)(3) 12,530   FMV N/A SUPPORT PRGM SRVS
(31) LIVING BEYOND BREAST CANCER
40 MONUMENT RD STE 104
BALA CYNWYD,PA19004 		23-2734689 501(c)(3) 10,500   FMV N/A SUPPORT PRGM SRVS
(32) CITY YEAR PHILADELPHIA
287 COLUMBUS AVE
BOSTON,MA021165334 		22-2882549 501(c)(3) 10,317   FMV N/A SUPPORT PRGM SRVS
(33) MATERNITY CARE COALITION
3401 I STREET 407
PHILADELPHIA,PA19134 		23-2200410 501(c)(3) 10,121   FMV N/A SUPPORT PRGM SRVS
(34) LANCASTER COUNTY YOUTH AMATEUR HOCKEY LEAGUE
371 CARRERA DRIVE
LANCASTER,PA17601 		23-1972756 501(c)(3) 10,000   FMV N/A SUPPORT PRGM SRVS
(35) LITITZ REC CENTER
301 WEST MAPLE ST
LITITZ,PA17543 		23-6296633 501(c)(3) 10,000   FMV N/A SUPPORT PRGM SRVS
(36) PRIDE CENTER OF NJ
85 RARITAN AVE STE 100
HIGHLAND PARK,NJ08904 		22-3514702 501(c)(3) 10,000   FMV N/A SUPPORT PRGM SRVS
(37) THE ENTERPRISE CENTER COMMUNITY DEVELOPMENT CORPOR
4548 MARKET ST
PHILADELPHIA,PA19139 		30-0002632 501(c)(3) 10,000   FMV N/A SUPPORT PRGM SRVS
(38) CENTRAL PHILADELPHIA DEVELOPMENT CORP
660 CHESNUT ST
PHILADELPHIA,PA19106 		23-1583209 501(c)(3) 9,000   FMV N/A SUPPORT PRGM SRVS
(39) DOCTORS WITHOUT BORDERSMDECINS SANS FRONTIRES U
40 RECTOR STREET 16TH FLOOR
NEW YORK,NY10006 		13-3433452 501(c)(3) 8,684   FMV N/A SUPPORT PRGM SRVS
(40) HARCUM COLLEGE
750 MONTGOMERY AVENUE
BRYN MAWR,PA19010 		23-1424055 501(c)(3) 8,000   FMV N/A SUPPORT PRGM SRVS
(41) AMERICAN FRIENDS OF MAGEN DAVID ADOM ISRAEL
20 W 36TH ST SUITE 1100
NEW YORK,NY10018 		13-1790719 501(c)(3) 7,914   FMV N/A SUPPORT PRGM SRVS
(42) PLANNED PARENTHOOD SOUTHEASTERN PENNSYLVANIA
1144 LOCUST ST
PHILADELPHIA,PA19107 		23-1352509 501(c)(3) 7,637   FMV N/A SUPPORT PRGM SRVS
(43) PHILADELPHIA ANIMAL WELFARE SOCIETY (PAWS)
100 N 2ND STREET
PHILADELPHIA,PA19106 		26-3862631 501(c)(3) 7,611   FMV N/A SUPPORT PRGM SRVS
(44) PROJECT HOME
1515 FAIRMOUNT AVE
PHILADELPHIA,PA191302936 		23-2555950 501(c)(3) 7,501   FMV N/A SUPPORT PRGM SRVS
(45) CY FRITZ FOUNDATION
2295 BOB WHITE LANE
LANCASTER,PA17601 		47-5001588 501(c)(3) 7,500   FMV N/A SUPPORT PRGM SRVS
(46) CHOSEN 300 MINISTRIES
PO BOX 95
ARDMORE,PA19003 		23-2858946 501(c)(3) 7,447   FMV N/A SUPPORT PRGM SRVS
(47) PARCA INC
503 SANDY BANK RD
MEDIA,PA19063 		81-2835262 501(c)(3) 7,314   FMV N/A SUPPORT PRGM SRVS
(48) BOYS & GIRLS CLUBS OF PHILADELPHIA
1518 WALNUT STREET SUITE 605
PHILADELPHIA,PA19102 		23-1966756 501(c)(3) 7,183   FMV N/A SUPPORT PRGM SRVS
(49) MANHEIM TOWNSHIP SOCCER CLUB
P O BOX 5195
LANCASTER,PA17601 		23-2936604 501(c)(3) 7,000   FMV N/A SUPPORT PRGM SRVS
(50) PUENTES DE SALUD
1700 SOUTH STREET
PHILADELPHIA,PA19146 		26-1973303 501(c)(3) 6,439   FMV N/A SUPPORT PRGM SRVS
(51) ST JUDE CHILDREN'S RESEARCH HOSPITAL
501 ST JUDE PLACE
MEMPHIS,TN38105 		35-1044585 501(c)(3) 6,146   FMV N/A SUPPORT PRGM SRVS
(52) FREE LIBRARY OF PHILADELPHIA FOUNDATION
1901 VINE STREET
PHILADELPHIA,PA191031189 		52-1173474 501(c)(3) 6,098   FMV N/A SUPPORT PRGM SRVS
(53) UNIVERSITY OF MINNESOTA
2221 UNIVERSITY AVE SE SUITE 100
MINNEAPOLIS,MN55414 		41-6007513 GOV'T. ORG. 6,000   FMV N/A SUPPORT PRGM SRVS
(54) AMERICAN RED CROSS
431 18TH ST NW
WASHINGTON,DC200065310 		53-0196605 501(c)(3) 5,943   FMV N/A SUPPORT PRGM SRVS
(55) CHILDREN'S HOSPITAL OF PHILADELPHIA (CHOP)
34TH ST AND CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		23-1352166 501(c)(3) 5,801   FMV N/A SUPPORT PRGM SRVS
(56) ADULTS WITH AUTISM LIVING WITH INDEPENDENCE VALUE
646 VERNON RD
SPRINGFIELD,PA19064 		26-0692382 501(c)(3) 5,339   FMV N/A SUPPORT PRGM SRVS
(57) CODED BY KIDS
3624 MARKET ST STE 1SD
PHILADELPHIA,PA19104 		46-5310610 501(C)(3) 5,275   FMV N/A SUPPORT PRGM SRVS
(58) YOUNG CHANCES FOUNDATION
2703 TASKER ST
PHILADELPHIA,PA191302936 		45-5441493 501(c)(3) 5,265   FMV N/A SUPPORT PRGM SRVS
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
55
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
3
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2023

Schedule I (Form 990) 2023
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) FINANCIAL AID TO UNDERGRADUATE STUDENTS 4880 255,837,002   N/A N/A
(2) FINANCIAL AID TO GRADUATE STUDENTS 7876 360,742,649   N/A N/A
(3) STUDENT PRIZES AND AWARDS 3984 14,647,617   N/A N/A
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING GRANTS THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA'S OFFICE OF RESEARCH SERVICES IS RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS PURSUANT TO ESTABLISHED POLICIES AND PROTOCOL. THESE POLICIES COVER GRANTS MADE BOTH WITHIN AND OUTSIDE THE U.S. --------------------
SCHEDULE I, PART II DETAIL OF SUB-CONTRACTS IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA MAY MAKE SUB-AWARDS TO OTHER INSTITUTIONS THAT PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUB-AWARDS AS "GRANTS AND ASSISTANCE" FOR FORM 990 REPORTING, SINCE THE RECIPIENT ORGANIZATIONS PERFORM RESEARCH SERVICES FOR THE UNIVERSITY AND ARE CONSIDERED INDEPENDENT CONTRACTORS WHICH SERVE THE DIRECT NEEDS OF THE UNIVERSITY. DURING THE YEAR ENDED JUNE 30, 2024, THE UNIVERSITY OF PENNSYLVANIA MADE SUB-AWARD PAYMENTS TO 344 RECIPIENTS TOTALING $139,210,727. --------------------
SCHEDULE I, PART III DETAIL OF GRANTS AND OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS TO PROMOTE ACCESS AND AFFORDABILITY, PENN PROVIDES GRANT-BASED UNDERGRADUATE FINANCIAL AID PACKAGES AND ADHERES TO A NEED-BLIND ADMISSION POLICY, IN WHICH ADMISSION DECISIONS ARE NOT AFFECTED BY A STUDENT'S ABILITY TO PAY OR APPLICATION FOR FINANCIAL AID. THIS POLICY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS IN THE FORM OF DIRECT GRANTS AND EMPLOYMENT DURING THE ACADEMIC YEAR. AN UNDERGRADUATE STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF TUITION REMISSION AS A RESULT OF A PARENT BEING ELIGIBLE TO RECEIVE THIS BENEFIT AS A CONDITION OF THEIR EMPLOYMENT. GRADUATE/PROFESSIONAL FINANCIAL AID CAN BE AWARDED BASED ON FINANCIAL NEED, SERVICE (TEACHING ASSISTANTSHIPS AND FELLOWSHIPS, RESEARCH ASSISTANTSHIPS AND FELLOWSHIPS) OR OTHER CRITERIA SUCH AS MERIT/ACADEMICS. PHD STUDENTS GENERALLY RECEIVE MULTI-YEAR AWARDS COVERING THEIR FULL EDUCATIONAL COSTS. A GRADUATE/PROFESSIONAL STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF BENEFITS AS DESCRIBED ABOVE.
Schedule I (Form 990) 2023



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2023

Schedule J (Form 990) 2023
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
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1ADZICK N SCOTT MD
CHOP - SURGERY 		(i)

(ii)		 1,284,486
-------------
0 		0
-------------
0 		1,067,690
-------------
0 		33,000
-------------
0 		21,050
-------------
0 		2,406,227
-------------
0 		0
-------------
0
2AMMON PETER
CHIEF INVESTMENT OFFICER 		(i)

(ii)		 1,173,717
-------------
0 		4,173,986
-------------
0 		450
-------------
0 		2,407,159
-------------
0 		14,397
-------------
0 		7,769,709
-------------
0 		2,376,411
-------------
0
3ANDERSON KATHLEEN
VP FOR PUBLIC SAFETY 		(i)

(ii)		 278,651
-------------
0 		64,500
-------------
0 		307
-------------
0 		28,650
-------------
0 		28,576
-------------
0 		400,684
-------------
0 		0
-------------
0
4CARNAROLI CRAIG
EXECUTIVE VP 		(i)

(ii)		 708,484
-------------
0 		0
-------------
0 		506,753
-------------
0 		369,775
-------------
0 		29,390
-------------
0 		1,614,402
-------------
0 		393,550
-------------
0
5CITRO MICHAEL
VP AND CHIEF OF STAFF 		(i)

(ii)		 408,473
-------------
0 		78,000
-------------
0 		300
-------------
0 		41,552
-------------
0 		20,335
-------------
0 		548,660
-------------
0 		0
-------------
0
6COOPER JEFFREY
VP GOV'T & COMMUNITY RELATIONS 		(i)

(ii)		 481,024
-------------
0 		81,719
-------------
0 		22,332
-------------
0 		33,000
-------------
0 		27,791
-------------
0 		645,866
-------------
0 		0
-------------
0
7COWENHOVEN ANNA
VP COMMUNICATNS-AS OF 08/01/23 		(i)

(ii)		 188,617
-------------
0 		0
-------------
0 		29,818
-------------
0 		15,333
-------------
0 		11,472
-------------
0 		245,240
-------------
0 		0
-------------
0
8CUNNINGHAM REGINA
CEO HUP 		(i)

(ii)		 811,740
-------------
0 		372,307
-------------
0 		619,985
-------------
0 		0
-------------
0 		18,243
-------------
0 		1,822,275
-------------
0 		585,942
-------------
0
9DILEO RUSSELL
COMPTROLLER 		(i)

(ii)		 339,502
-------------
0 		68,000
-------------
0 		2,357
-------------
0 		34,146
-------------
0 		53,316
-------------
0 		497,321
-------------
0 		788
-------------
0
10DINGFIELD MARK
VP FINANCE & TREASURER 		(i)

(ii)		 535,933
-------------
0 		120,000
-------------
0 		693
-------------
0 		54,325
-------------
0 		20,569
-------------
0 		731,520
-------------
0 		0
-------------
0
11DRISCOLL DEBORAH A MD
SVP CPUP, VICE DEAN PSOM 		(i)

(ii)		 751,288
-------------
0 		1,132,980
-------------
0 		239,771
-------------
0 		33,000
-------------
0 		1,248
-------------
0 		2,158,287
-------------
0 		0
-------------
0
12EPSTEIN JON MD
VICE DEAN, PSOM 		(i)

(ii)		 769,058
-------------
0 		407,638
-------------
0 		133,176
-------------
0 		33,000
-------------
0 		21,336
-------------
0 		1,364,208
-------------
0 		0
-------------
0
13HEUER JOHN J
SVP HUMAN RESOUR-THRU 6/30/24 		(i)

(ii)		 501,824
-------------
0 		128,500
-------------
0 		2,917
-------------
0 		51,575
-------------
0 		37,992
-------------
0 		722,808
-------------
0 		0
-------------
0
14HOWARD CHARLES
VP SOC EQ & COMM, UNIV. CHAPLN 		(i)

(ii)		 305,141
-------------
0 		53,760
-------------
0 		3,639
-------------
0 		31,420
-------------
0 		73,204
-------------
0 		467,164
-------------
0 		0
-------------
0
15HUSSON JAMES
VP DEVELOPMNT & ALUMI RELATION 		(i)

(ii)		 985,964
-------------
0 		158,241
-------------
0 		1,564
-------------
0 		99,558
-------------
0 		35,813
-------------
0 		1,281,140
-------------
0 		0
-------------
0
16JACKSON JOHN PHD
PROVOST 		(i)

(ii)		 756,796
-------------
0 		110,976
-------------
0 		70,615
-------------
0 		73,325
-------------
0 		7,097
-------------
0 		1,018,809
-------------
0 		23,198
-------------
0
17JAMESON J LARRY DR
PRES & TRUSTEE - AS OF 12/23 		(i)

(ii)		 2,525,862
-------------
0 		1,367,900
-------------
0 		1,244,106
-------------
0 		1,272,450
-------------
0 		25,701
-------------
0 		6,436,020
-------------
0 		909,750
-------------
0
18JOHNSTON ELIZABETH
FORMER EXEC. DIRECTOR CPUP 		(i)

(ii)		 349,913
-------------
0 		289,884
-------------
0 		18,857
-------------
0 		0
-------------
0 		21,617
-------------
0 		680,271
-------------
0 		0
-------------
0
19KASPER KEITH
CFO, UPHS 		(i)

(ii)		 1,066,738
-------------
0 		507,150
-------------
0 		236,279
-------------
0 		218,400
-------------
0 		18,466
-------------
0 		2,047,033
-------------
0 		198,644
-------------
0
20LEWIS TREVOR
VP BUDGET & MGMT ANALYSIS 		(i)

(ii)		 460,275
-------------
0 		105,000
-------------
0 		34,455
-------------
0 		47,000
-------------
0 		32,730
-------------
0 		679,461
-------------
0 		35,843
-------------
0
21LOPEZ STACEY
VP INSTITUTIONAL RESEARCH 		(i)

(ii)		 423,726
-------------
0 		70,865
-------------
0 		26,847
-------------
0 		42,623
-------------
0 		15,998
-------------
0 		580,059
-------------
0 		26,476
-------------
0
22MACCARTHY STEPHEN J
FORMER VP COMMUNICATIONS 		(i)

(ii)		 335,185
-------------
0 		102,828
-------------
0 		31,079
-------------
0 		33,000
-------------
0 		24,439
-------------
0 		526,531
-------------
0 		0
-------------
0
23MAGILL M ELIZABETH
PRES & TRUSTEE - THRU 12/23 		(i)

(ii)		 1,480,657
-------------
0 		725,000
-------------
0 		28,474
-------------
0 		33,000
-------------
0 		79,314
-------------
0 		2,346,445
-------------
0 		0
-------------
0
24MAHONEY KEVIN
CEO, UPHS 		(i)

(ii)		 1,801,543
-------------
0 		938,400
-------------
0 		37,203
-------------
0 		0
-------------
0 		20,761
-------------
0 		2,797,907
-------------
0 		0
-------------
0
25MARCOTTE PAUL MD
NEUROSURGERY 		(i)

(ii)		 1,405,673
-------------
0 		0
-------------
0 		951,841
-------------
0 		33,000
-------------
0 		8,990
-------------
0 		2,399,504
-------------
0 		0
-------------
0
26MASOTTI CHRISTOPHER
VICE DEAN, ADMINISTRATION PSOM 		(i)

(ii)		 489,758
-------------
0 		195,869
-------------
0 		740
-------------
0 		33,000
-------------
0 		59,022
-------------
0 		778,389
-------------
0 		0
-------------
0
27MITCHELL JOANN
SVP FOR INSTITUTIONAL AFFAIRS 		(i)

(ii)		 534,783
-------------
0 		106,050
-------------
0 		25,028
-------------
0 		33,000
-------------
0 		18,313
-------------
0 		717,174
-------------
0 		0
-------------
0
28MURPHY THOMAS
SVP ISC & CIO 		(i)

(ii)		 603,152
-------------
0 		155,000
-------------
0 		84,671
-------------
0 		60,950
-------------
0 		47,723
-------------
0 		951,496
-------------
0 		70,313
-------------
0
29NARVEKAR MEDHA
VP & SECRETARY 		(i)

(ii)		 639,133
-------------
0 		144,417
-------------
0 		1,980
-------------
0 		64,360
-------------
0 		17,848
-------------
0 		867,738
-------------
0 		0
-------------
0
30PAPAGEORGE ANNE
SR VP FACILITIES & REAL ESTATE 		(i)

(ii)		 561,631
-------------
0 		141,500
-------------
0 		4,153
-------------
0 		56,750
-------------
0 		18,346
-------------
0 		782,380
-------------
0 		0
-------------
0
31PELLICANO GREGORY
VP AUDIT, COMPLIANCE & PRIV'Y 		(i)

(ii)		 368,651
-------------
0 		83,000
-------------
0 		16,693
-------------
0 		37,800
-------------
0 		57,708
-------------
0 		563,852
-------------
0 		14,816
-------------
0
32PRITCHETT WENDELL
FORMER PROVOST 		(i)

(ii)		 426,969
-------------
0 		1,015,224
-------------
0 		199,780
-------------
0 		33,000
-------------
0 		29,351
-------------
0 		1,704,324
-------------
0 		860,120
-------------
0
33QUINN PETER
FORMER SR VP, VICE DEAN, PS 		(i)

(ii)		 103,033
-------------
0 		0
-------------
0 		1,446
-------------
0 		11,074
-------------
0 		21,196
-------------
0 		136,749
-------------
0 		0
-------------
0
34ROST GREGORY
FORMER SVP & CHIEF OF STAFF 		(i)

(ii)		 263,620
-------------
0 		0
-------------
0 		21,372
-------------
0 		27,329
-------------
0 		26,830
-------------
0 		339,151
-------------
0 		18,315
-------------
0
35SESTITO JOHN
VP & EXECUTIVE DIRECTOR CPUP 		(i)

(ii)		 383,293
-------------
0 		156,710
-------------
0 		36,458
-------------
0 		56,779
-------------
0 		18,106
-------------
0 		651,346
-------------
0 		0
-------------
0
36STORM PHILLIP B MD
CHOP - NEUROSURGERY 		(i)

(ii)		 1,790,334
-------------
0 		0
-------------
0 		639,240
-------------
0 		33,000
-------------
0 		26,683
-------------
0 		2,489,257
-------------
0 		0
-------------
0
37TAYLOR JESSE MD
CHOP - PLASTIC SURGERY 		(i)

(ii)		 1,492,720
-------------
0 		0
-------------
0 		864,787
-------------
0 		33,000
-------------
0 		26,728
-------------
0 		2,417,235
-------------
0 		0
-------------
0
38VOLPE MICHELLE
COO UPHS 		(i)

(ii)		 862,368
-------------
0 		376,308
-------------
0 		157,858
-------------
0 		0
-------------
0 		15,224
-------------
0 		1,411,758
-------------
0 		0
-------------
0
39WHITE WENDY
SVP & GENERAL COUNSEL 		(i)

(ii)		 865,060
-------------
0 		170,730
-------------
0 		60,466
-------------
0 		33,000
-------------
0 		25,751
-------------
0 		1,155,007
-------------
0 		0
-------------
0
40WITT MARIE
VP BUSINESS SERVS-THRU 5/31/24 		(i)

(ii)		 420,522
-------------
0 		105,000
-------------
0 		1,980
-------------
0 		42,900
-------------
0 		20,923
-------------
0 		591,325
-------------
0 		0
-------------
0
41YOSHOR DANIEL MD
NEUROSURGERY 		(i)

(ii)		 1,643,052
-------------
0 		769,352
-------------
0 		337,351
-------------
0 		44,764
-------------
0 		38,488
-------------
0 		2,833,007
-------------
0 		0
-------------
0
Schedule J (Form 990) 2023

Schedule J (Form 990) 2023
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
SCHEDULE J, PART I, LINE 1A DETAIL OF ADDITIONAL BENEFITS FIRST CLASS OR CHARTER TRAVEL THE MODE OF AIR TRAVEL UTILIZED BY UNIVERSITY EMPLOYEES IS EXPECTED TO BE THE LEAST COSTLY OPTION, CONSISTENT WITH THE ITINERARY AND PARTICULAR UNIVERSITY BUSINESS PURPOSE INVOLVED. ON FEDERALLY FUNDED PROJECTS, COMPLIANCE WITH THE FLY AMERICA ACT TAKES PRECEDENCE OVER CHOOSING A LESS EXPENSIVE FOREIGN CARRIER. IN CERTAIN LIMITED CIRCUMSTANCES, CERTAIN INDIVIDUALS MAY TRAVEL FIRST CLASS. ANY FIRST CLASS EXCEPTIONS TO THE UNIVERSITY'S POLICY ARE SUBJECT TO APPROPRIATE REVIEW AND APPROVAL. TRAVEL FOR COMPANIONS TRAVEL EXPENSES OF A SPOUSE (OR DEPENDENT) MAY BE PROVIDED BY THE UNIVERSITY AS A REGULAR BUSINESS EXPENSE ONLY IF THE TRAVEL SERVES A "BONA FIDE BUSINESS PURPOSE" OF THE UNIVERSITY. FURTHER, TRAVEL EXPENSES FOR SPOUSES AND DEPENDENTS ARE ALLOWABLE DURING THE INTERVIEW PROCESS PRIOR TO AN EMPLOYMENT OFFER, SINCE EMPLOYMENT IS CONSIDERED A FAMILY DECISION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE UNIVERSITY MAY PROVIDE TAX GROSS-UP PAYMENTS UNDER CERTAIN CIRCUMSTANCES WITH APPROPRIATE APPROVAL. THE UNIVERSITY DOES NOT GENERALLY PROVIDE TAX INDEMNIFICATIONS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/HEALTH OR SOCIAL CLUB DUES/PERSONAL SERVICES AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN A HOME ON THE UNIVERSITY'S CAMPUS WHICH IS FURNISHED AND MAINTAINED AT THE UNIVERSITY'S EXPENSE. THE UNIVERSITY ALSO PROVIDES A HEALTH/SOCIAL CLUB MEMBERSHIP TO BE USED BY THE PRESIDENT IN CONNECTION WITH THEIR DUTIES. THE PRESIDENT IS RESPONSIBLE FOR ANY PERSONAL USE OF THE CLUB MEMBERSHIP, HOUSEHOLD STAFF OR OTHER PERSONAL EXPENSES INCURRED. --------------------
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS AND DEANS OF THE UNIVERSITY AS DESIGNATED BY THE BOARD OF TRUSTEES WHO HAVE MADE THE 5% EMPLOYEE CONTRIBUTION TO THE UNIVERSITY'S 403(B) PLAN, HAVE UNIVERSITY COMPENSATION OVER CERTAIN IRS PROSCRIBED THRESHOLDS, AND ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTION IS MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A "PARTIAL" DISTRIBUTION WHICH WILL BE WITHHELD TO SATISFY THE TAX CONSEQUENCES OF VESTING. THE BALANCE OF VESTED SERP ACCOUNTS WILL REMAIN IN THE PLAN AND WILL BE DISTRIBUTED (PLUS OR MINUS INVESTMENT EARNINGS/LOSSES) UPON TERMINATION OF EMPLOYMENT. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE UNIVERSITY SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: AMMON, PETER - NO DISTRIBUTION CITRO, MICHAEL - NO DISTRIBUTION COOPER, JEFFREY - NO DISTRIBUTION DILEO, RUSSELL - NO DISTRIBUTION DINGFIELD, MARK - NO DISTRIBUTION HEUER, JOHN J. - NO DISTRIBUTION HUSSON, JAMES - NO DISTRIBUTION JACKSON, JOHN - NO DISTRIBUTION LEWIS, TREVOR - NO DISTRIBUTION LOPEZ, STACEY - NO DISTRIBUTION MACCARTHY, STEPHEN - NO DISTRIBUTION MITCHELL, JOANN - NO DISTRIBUTION MURPHY, THOMAS - NO DISTRIBUTION NARVEKAR, MEDHA - NO DISTRIBUTION PAPAGEORGE, ANN - NO DISTRIBUTION PELLICANO, GREGORY - NO DISTRIBUTION WHITE, WENDY S. - NO DISTRIBUTION WITT, MARIE - NO DISTRIBUTION IN ADDITION, THE FOLLOWING INDIVIDUAL LISTED ON FORM 990, PART VII, SECTION A, LINE 1A HAS A VESTED BALANCE IN THE SERP WHICH WILL BE RECEIVED UPON SEPARATION: CARNAROLI, CRAIG -------------------- THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ALSO MAINTAINS ADDITIONAL DISCRETIONARY SUPPLEMENT EXECUTIVE RETIREMENT PLANS FOR SENIOR EXECUTIVES AS A RETENTION TO THEIR COMMITMENT TO THE UNIVERSITY OF PENNSYLVANIA. CONTRIBUTIONS ARE MADE ANNUALLY AT THE SOLE DISCRETION OF THE UNIVERSITY AS LONG AS THE INDIVIDUAL IS AN ACTIVE EMPLOYEE. VESTING IN THESE ACCOUNTS OCCURS AFTER EACH THREE YEAR PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE THE BALANCE OF THE VESTED SERP ACCOUNT (PLUS OR MINUS INVESTMENT EARNINGS/LOSSES). PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE ADDITIONAL DISCRETIONARY SUPPLEMENT EXECUTIVE RETIREMENT PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: AMMON, PETER - $2,600,181 CARNAROLI, CRAIG - $504,723 JAMESON, J. LARRY - $731,149 -------------------- THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (THE "HEALTH SYSTEM") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS OF THE HEALTH SYSTEM, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE HEALTH SYSTEM WHEN THE CONTRIBUTIONS ARE MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION WHICH IS TAXABLE AS EARNED INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE HEALTH SYSTEM SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: CUNNINGHAM, REGINA - $585,942 DRISCOLL, DEBORAH A., MD - NO DISTRIBUTION KASPER, KEITH - $198,644 MAHONEY, KEVIN - NO DISTRIBUTION SESTITO, JOHN - $11,988 VOLPE, MICHELE - $127,500 -------------------- THE HEALTH SYSTEM ALSO MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DESIGNED FOR SENIOR FACULTY OF THE SCHOOL OF MEDICINE OF THE UNIVERSITY, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTIONS ARE MADE (THE "CPUP SERP"). VESTING IN THE MED SERP OCCURS AFTER EVERY TEN YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 60, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 60 (WITH 2 OR MORE YEARS OF PARTICIPATION) WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, TAXES OWED WILL BE WITHDRAWN FROM THE PLAN, AND THE REMAINING AFTER-TAX BALANCE WILL REMAIN IN THE PLAN. PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION THE SUMMER AFTER THE YEAR IN WHICH THEY TERMINATE EMPLOYMENT, AT WHICH TIME ANY EARNINGS NOT YET TAXED WILL BE TREATED AS TAXABLE INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE NON-VESTED BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE CPUP SERP PLAN DURING THE YEAR: DRISCOLL, DEBORAH A., MD - NO DISTRIBUTION JAMESON, J. LARRY, DR - NO DISTRIBUTION ADZICK, N. SCOTT, MD - NO DISTRIBUTION MARCOTTE, PAUL, MD - NO DISTRIBUTION STORM, PHILLIP B., MD - NO DISTRIBUTION TAYLOR, JESSE, MD - NO DISTRIBUTION YOSHOR, DANIEL, MD - NO DISTRIBUTION --------------------
SCHEDULE J, PART I, LINE 7 PROVISION OF NON-FIXED PAYMENTS THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PROVIDES DISCRETIONARY BONUS AND/OR INCENTIVE COMPENSATION PAYMENTS TO ELIGIBLE EMPLOYEES. PAYMENTS MADE TO ANY DISQUALIFIED PERSON, AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 4958, ARE APPROVED BY THE COMPENSATION COMMITTEE THROUGH THE PROCESS DESCRIBED IN FORM 990, PART VI, SECTION B, LINE 15. -----------------
SCHEDULE J, PART II ADDITIONAL DETAIL REGARDING CERTAIN COMPENSATION REPORTED N. SCOTT ADZICK, MD, PHILLIP B. STORM, MD, AND JESSE TAYLOR, MD, ALL HOLD ACADEMIC APPOINTMENTS AT THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") WHILE PERFORMING CLINICAL PRACTICE DUTIES AT A NEARBY, UNRELATED, THIRD PARTY, CHILDREN'S HOSPITAL (THE "THIRD PARTY HOSPITAL"). FOR ADMINISTRATIVE SIMPLICITY PURPOSES, THE UNIVERSITY PROVIDES THE PAYROLL FUNCTION FOR BOTH PORTIONS OF THESE PHYSICIANS' SALARIES. THE THIRD PARTY HOSPITAL THEN REIMBURSES THE UNIVERSITY FOR THE CLINICAL PORTIONS OF THE PHYSICIANS' SALARIES. --------------------
Schedule J (Form 990) 2023

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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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015
  		22-2243852 70917SPV9 04-16-2015 423,474,654 REFUND2005A,C;2009A,B,C;2010;2011A   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016
  		22-2243852 70917SWG4 04-28-2016 187,067,793 ADVANCE REFUNDING OF MULT. BONDS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2017
  		22-2243852 70917SDS9 01-19-2017 200,857,522 RENOVATIONS OF VARIOUS BLDGS   X   X   X
D PA HIGHER ED FACILITIES ATHRTY- SERIES A 2018
  		22-2243852 70917S4A8 10-17-2018 200,829,171 VARIOUS CAPITAL PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY - SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECT   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES 2015
  		22-2243852 70917SSJ3 07-19-2015 398,010,258 ADV/CUR REFUND; VAR CAP PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES AB 2016
  		22-2243852 514045M75 04-07-2016 346,410,442 ADV. REFUND; VARIOUS CAP. PROJECTS   X   X   X
PA HIGHER ED FACILITIES-UPHS SERIES C 2016
  		22-2243852 70917SYU1 01-17-2017 151,191,978 ADV. REFUNDING OF UPHS 2011A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2017
  		22-2243852 709175587 12-31-2017 443,182,248 BUILDING AND STRUCTURES   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2019
  		22-2243852 70917S6Z1 12-05-2019 600,000,239 REFUND TAXABLE BOND & NEW MONEY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2021
  		22-2243852 70917TCC3 04-13-2021 100,576,074 CURRENT REFUNDING OF UPHS SERIES A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2021
  		22-2243852 70917TCY5 05-18-2022 125,909,921 REFUND UPHS SERIES 2014 & 2012 BON   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 256,407,545 66,396,148 8,299,029 21,114,686
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 428,357,536 190,063,629 200,857,522 200,829,171
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 1,203,672 857,522 829,171
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 428,357,536 188,859,957 200,000,000 200,000,000
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2015 2016 2017 2018
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) 2023

Schedule K (Form 990) 2023
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      
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      
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 .... 0.202 % 0.220 % 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 ......... 0.246 % 0.266 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0.448 % 0.486 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   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) 2023

Schedule K (Form 990) 2023
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
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
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
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PROCEEDS OF ISSUES FORM 990, SCHEDULE K, PART II, LINE 3 FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $4,882,882 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,995,836 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $1,527,540 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A&B 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $11,678,320 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES C 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $621,598 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2017, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,655,136 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2019, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $319,788 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $9,485 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES B 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $924,025 OF INVESTMENT EARNINGS. ------------------
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PRIVATE BUSINESS USE PERCENTAGES FORM 990, SCHEDULE K, PART III FOR THE PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2018, SERIES A 2017, UPHS SERIES B 2021, UPHS SERIES A 2021, UPHS SERIES A 2019, UPHS SERIES A 2017, UPHS SERIES C 2016, UPHS SERIES A&B 2016 (NEW-MONEY PORTION ONLY), UPHS SERIES 2015 (NEW-MONEY PORTION ONLY), UPHS SERIES A 2012, AND UPHS SERIES A 2008, THE UNIVERSITY HAS SPECIFICALLY ALLOCATED EQUITY TO ALL SOURCES OF PRIVATE BUSINESS USE, WITH THE EXCEPTION OF ISSUANCE COSTS, WITHIN THE REQUIRED TIME FRAME. AS SUCH, THE UNIVERSITY HAS REPORTED NO PRIVATE BUSINESS USE FOR THESE BOND PROCEEDS ON FORM 990, SCHEDULE K, PART III, LINES 4 AND 5. ------------------
TAX-EXEMPT BONDS- DESCRIPTION OF BOND ISSUES: ALLOCATION OF PROCEEDS FORM 990, SCHEDULE K, PART I A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A OF 2008 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2008 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE FOR PENNSYLVANIA HOSPITAL OF UPHS WAS $15,441,300 AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2015 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2015 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $28,353,727 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A&B 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), AND LANCASTER GENERAL HOSPITAL (EIN 23-1365353), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A&B 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $2,458,937 FOR PRESBYTERIAN MEDICAL CENTER, $28,890,483 FOR PENNSYLVANIA HOSPITAL OF UPHS, AND $141,110,966 FOR LANCASTER GENERAL HOSPITAL AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES C 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES C 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $9,664,285 FOR PRESBYTERIAN MEDICAL CENTER AND $9,664,287 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2021 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), CHESTER COUNTY HOSPITAL (EIN 23-0469150), AND TO PRINCETON HEALTHCARE SYSTEM (EIN 21-0635009), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $3,885,626 FOR PENNSYLVANIA HOSPITAL OF UPHS, $14,571,097 FOR PRESBYTERIAN MEDICAL CENTER, $48,570,324 FOR CHESTER COUNTY HOSPITAL, AND $205,581 FOR PRINCETON HEALTHCARE SYSTEM AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES B 2021 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES B 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $15,888,460 FOR PRESBYTERIAN MEDICAL CENTER AND $21,184,614 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2023. ------------------
Schedule K (Form 990) 2023

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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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015
  		22-2243852 70917SPV9 04-16-2015 423,474,654 REFUND2005A,C;2009A,B,C;2010;2011A   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016
  		22-2243852 70917SWG4 04-28-2016 187,067,793 ADVANCE REFUNDING OF MULT. BONDS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2017
  		22-2243852 70917SDS9 01-19-2017 200,857,522 RENOVATIONS OF VARIOUS BLDGS   X   X   X
D PA HIGHER ED FACILITIES ATHRTY- SERIES A 2018
  		22-2243852 70917S4A8 10-17-2018 200,829,171 VARIOUS CAPITAL PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY - SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECT   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES 2015
  		22-2243852 70917SSJ3 07-19-2015 398,010,258 ADV/CUR REFUND; VAR CAP PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES AB 2016
  		22-2243852 514045M75 04-07-2016 346,410,442 ADV. REFUND; VARIOUS CAP. PROJECTS   X   X   X
PA HIGHER ED FACILITIES-UPHS SERIES C 2016
  		22-2243852 70917SYU1 01-17-2017 151,191,978 ADV. REFUNDING OF UPHS 2011A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2017
  		22-2243852 709175587 12-31-2017 443,182,248 BUILDING AND STRUCTURES   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2019
  		22-2243852 70917S6Z1 12-05-2019 600,000,239 REFUND TAXABLE BOND & NEW MONEY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2021
  		22-2243852 70917TCC3 04-13-2021 100,576,074 CURRENT REFUNDING OF UPHS SERIES A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2021
  		22-2243852 70917TCY5 05-18-2022 125,909,921 REFUND UPHS SERIES 2014 & 2012 BON   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 256,407,545 66,396,148 8,299,029 21,114,686
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 428,357,536 190,063,629 200,857,522 200,829,171
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 1,203,672 857,522 829,171
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 428,357,536 188,859,957 200,000,000 200,000,000
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2015 2016 2017 2018
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) 2023

Schedule K (Form 990) 2023
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      
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      
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 .... 0.202 % 0.220 % 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 ......... 0.246 % 0.266 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0.448 % 0.486 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   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) 2023

Schedule K (Form 990) 2023
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
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
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
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PROCEEDS OF ISSUES FORM 990, SCHEDULE K, PART II, LINE 3 FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $4,882,882 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,995,836 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $1,527,540 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A&B 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $11,678,320 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES C 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $621,598 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2017, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,655,136 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2019, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $319,788 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $9,485 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES B 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $924,025 OF INVESTMENT EARNINGS. ------------------
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PRIVATE BUSINESS USE PERCENTAGES FORM 990, SCHEDULE K, PART III FOR THE PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2018, SERIES A 2017, UPHS SERIES B 2021, UPHS SERIES A 2021, UPHS SERIES A 2019, UPHS SERIES A 2017, UPHS SERIES C 2016, UPHS SERIES A&B 2016 (NEW-MONEY PORTION ONLY), UPHS SERIES 2015 (NEW-MONEY PORTION ONLY), UPHS SERIES A 2012, AND UPHS SERIES A 2008, THE UNIVERSITY HAS SPECIFICALLY ALLOCATED EQUITY TO ALL SOURCES OF PRIVATE BUSINESS USE, WITH THE EXCEPTION OF ISSUANCE COSTS, WITHIN THE REQUIRED TIME FRAME. AS SUCH, THE UNIVERSITY HAS REPORTED NO PRIVATE BUSINESS USE FOR THESE BOND PROCEEDS ON FORM 990, SCHEDULE K, PART III, LINES 4 AND 5. ------------------
TAX-EXEMPT BONDS- DESCRIPTION OF BOND ISSUES: ALLOCATION OF PROCEEDS FORM 990, SCHEDULE K, PART I A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A OF 2008 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2008 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE FOR PENNSYLVANIA HOSPITAL OF UPHS WAS $15,441,300 AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2015 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2015 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $28,353,727 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A&B 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), AND LANCASTER GENERAL HOSPITAL (EIN 23-1365353), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A&B 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $2,458,937 FOR PRESBYTERIAN MEDICAL CENTER, $28,890,483 FOR PENNSYLVANIA HOSPITAL OF UPHS, AND $141,110,966 FOR LANCASTER GENERAL HOSPITAL AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES C 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES C 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $9,664,285 FOR PRESBYTERIAN MEDICAL CENTER AND $9,664,287 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2021 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), CHESTER COUNTY HOSPITAL (EIN 23-0469150), AND TO PRINCETON HEALTHCARE SYSTEM (EIN 21-0635009), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $3,885,626 FOR PENNSYLVANIA HOSPITAL OF UPHS, $14,571,097 FOR PRESBYTERIAN MEDICAL CENTER, $48,570,324 FOR CHESTER COUNTY HOSPITAL, AND $205,581 FOR PRINCETON HEALTHCARE SYSTEM AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES B 2021 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES B 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $15,888,460 FOR PRESBYTERIAN MEDICAL CENTER AND $21,184,614 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2023. ------------------
Schedule K (Form 990) 2023

Additional Data


Software ID:  
Software Version:  


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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015
  		22-2243852 70917SPV9 04-16-2015 423,474,654 REFUND2005A,C;2009A,B,C;2010;2011A   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016
  		22-2243852 70917SWG4 04-28-2016 187,067,793 ADVANCE REFUNDING OF MULT. BONDS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2017
  		22-2243852 70917SDS9 01-19-2017 200,857,522 RENOVATIONS OF VARIOUS BLDGS   X   X   X
D PA HIGHER ED FACILITIES ATHRTY- SERIES A 2018
  		22-2243852 70917S4A8 10-17-2018 200,829,171 VARIOUS CAPITAL PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY - SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECT   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES 2015
  		22-2243852 70917SSJ3 07-19-2015 398,010,258 ADV/CUR REFUND; VAR CAP PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES AB 2016
  		22-2243852 514045M75 04-07-2016 346,410,442 ADV. REFUND; VARIOUS CAP. PROJECTS   X   X   X
PA HIGHER ED FACILITIES-UPHS SERIES C 2016
  		22-2243852 70917SYU1 01-17-2017 151,191,978 ADV. REFUNDING OF UPHS 2011A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2017
  		22-2243852 709175587 12-31-2017 443,182,248 BUILDING AND STRUCTURES   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2019
  		22-2243852 70917S6Z1 12-05-2019 600,000,239 REFUND TAXABLE BOND & NEW MONEY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2021
  		22-2243852 70917TCC3 04-13-2021 100,576,074 CURRENT REFUNDING OF UPHS SERIES A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2021
  		22-2243852 70917TCY5 05-18-2022 125,909,921 REFUND UPHS SERIES 2014 & 2012 BON   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 256,407,545 66,396,148 8,299,029 21,114,686
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 428,357,536 190,063,629 200,857,522 200,829,171
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 1,203,672 857,522 829,171
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 428,357,536 188,859,957 200,000,000 200,000,000
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2015 2016 2017 2018
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) 2023

Schedule K (Form 990) 2023
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      
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      
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 .... 0.202 % 0.220 % 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 ......... 0.246 % 0.266 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0.448 % 0.486 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   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) 2023

Schedule K (Form 990) 2023
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
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
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
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PROCEEDS OF ISSUES FORM 990, SCHEDULE K, PART II, LINE 3 FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $4,882,882 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,995,836 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $1,527,540 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A&B 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $11,678,320 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES C 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $621,598 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2017, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,655,136 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2019, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $319,788 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $9,485 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES B 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $924,025 OF INVESTMENT EARNINGS. ------------------
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PRIVATE BUSINESS USE PERCENTAGES FORM 990, SCHEDULE K, PART III FOR THE PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2018, SERIES A 2017, UPHS SERIES B 2021, UPHS SERIES A 2021, UPHS SERIES A 2019, UPHS SERIES A 2017, UPHS SERIES C 2016, UPHS SERIES A&B 2016 (NEW-MONEY PORTION ONLY), UPHS SERIES 2015 (NEW-MONEY PORTION ONLY), UPHS SERIES A 2012, AND UPHS SERIES A 2008, THE UNIVERSITY HAS SPECIFICALLY ALLOCATED EQUITY TO ALL SOURCES OF PRIVATE BUSINESS USE, WITH THE EXCEPTION OF ISSUANCE COSTS, WITHIN THE REQUIRED TIME FRAME. AS SUCH, THE UNIVERSITY HAS REPORTED NO PRIVATE BUSINESS USE FOR THESE BOND PROCEEDS ON FORM 990, SCHEDULE K, PART III, LINES 4 AND 5. ------------------
TAX-EXEMPT BONDS- DESCRIPTION OF BOND ISSUES: ALLOCATION OF PROCEEDS FORM 990, SCHEDULE K, PART I A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A OF 2008 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2008 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE FOR PENNSYLVANIA HOSPITAL OF UPHS WAS $15,441,300 AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2015 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2015 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $28,353,727 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A&B 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), AND LANCASTER GENERAL HOSPITAL (EIN 23-1365353), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A&B 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $2,458,937 FOR PRESBYTERIAN MEDICAL CENTER, $28,890,483 FOR PENNSYLVANIA HOSPITAL OF UPHS, AND $141,110,966 FOR LANCASTER GENERAL HOSPITAL AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES C 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES C 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $9,664,285 FOR PRESBYTERIAN MEDICAL CENTER AND $9,664,287 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2021 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), CHESTER COUNTY HOSPITAL (EIN 23-0469150), AND TO PRINCETON HEALTHCARE SYSTEM (EIN 21-0635009), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $3,885,626 FOR PENNSYLVANIA HOSPITAL OF UPHS, $14,571,097 FOR PRESBYTERIAN MEDICAL CENTER, $48,570,324 FOR CHESTER COUNTY HOSPITAL, AND $205,581 FOR PRINCETON HEALTHCARE SYSTEM AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES B 2021 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES B 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $15,888,460 FOR PRESBYTERIAN MEDICAL CENTER AND $21,184,614 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2023. ------------------
Schedule K (Form 990) 2023

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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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015
  		22-2243852 70917SPV9 04-16-2015 423,474,654 REFUND2005A,C;2009A,B,C;2010;2011A   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016
  		22-2243852 70917SWG4 04-28-2016 187,067,793 ADVANCE REFUNDING OF MULT. BONDS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2017
  		22-2243852 70917SDS9 01-19-2017 200,857,522 RENOVATIONS OF VARIOUS BLDGS   X   X   X
D PA HIGHER ED FACILITIES ATHRTY- SERIES A 2018
  		22-2243852 70917S4A8 10-17-2018 200,829,171 VARIOUS CAPITAL PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY - SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECT   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES 2015
  		22-2243852 70917SSJ3 07-19-2015 398,010,258 ADV/CUR REFUND; VAR CAP PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES AB 2016
  		22-2243852 514045M75 04-07-2016 346,410,442 ADV. REFUND; VARIOUS CAP. PROJECTS   X   X   X
PA HIGHER ED FACILITIES-UPHS SERIES C 2016
  		22-2243852 70917SYU1 01-17-2017 151,191,978 ADV. REFUNDING OF UPHS 2011A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2017
  		22-2243852 709175587 12-31-2017 443,182,248 BUILDING AND STRUCTURES   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2019
  		22-2243852 70917S6Z1 12-05-2019 600,000,239 REFUND TAXABLE BOND & NEW MONEY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2021
  		22-2243852 70917TCC3 04-13-2021 100,576,074 CURRENT REFUNDING OF UPHS SERIES A   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2021
  		22-2243852 70917TCY5 05-18-2022 125,909,921 REFUND UPHS SERIES 2014 & 2012 BON   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 256,407,545 66,396,148 8,299,029 21,114,686
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 428,357,536 190,063,629 200,857,522 200,829,171
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 1,203,672 857,522 829,171
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 428,357,536 188,859,957 200,000,000 200,000,000
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2015 2016 2017 2018
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) 2023

Schedule K (Form 990) 2023
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      
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      
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 .... 0.202 % 0.220 % 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 ......... 0.246 % 0.266 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0.448 % 0.486 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   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) 2023

Schedule K (Form 990) 2023
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
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
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
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PROCEEDS OF ISSUES FORM 990, SCHEDULE K, PART II, LINE 3 FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $4,882,882 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,995,836 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $1,527,540 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A&B 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $11,678,320 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES C 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $621,598 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2017, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $2,655,136 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2019, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $319,788 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $9,485 OF INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES B 2021, THE TOTAL PROCEEDS OF ISSUE REPORTED AS OF JUNE 30, 2024 INCLUDES $924,025 OF INVESTMENT EARNINGS. ------------------
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PRIVATE BUSINESS USE PERCENTAGES FORM 990, SCHEDULE K, PART III FOR THE PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2018, SERIES A 2017, UPHS SERIES B 2021, UPHS SERIES A 2021, UPHS SERIES A 2019, UPHS SERIES A 2017, UPHS SERIES C 2016, UPHS SERIES A&B 2016 (NEW-MONEY PORTION ONLY), UPHS SERIES 2015 (NEW-MONEY PORTION ONLY), UPHS SERIES A 2012, AND UPHS SERIES A 2008, THE UNIVERSITY HAS SPECIFICALLY ALLOCATED EQUITY TO ALL SOURCES OF PRIVATE BUSINESS USE, WITH THE EXCEPTION OF ISSUANCE COSTS, WITHIN THE REQUIRED TIME FRAME. AS SUCH, THE UNIVERSITY HAS REPORTED NO PRIVATE BUSINESS USE FOR THESE BOND PROCEEDS ON FORM 990, SCHEDULE K, PART III, LINES 4 AND 5. ------------------
TAX-EXEMPT BONDS- DESCRIPTION OF BOND ISSUES: ALLOCATION OF PROCEEDS FORM 990, SCHEDULE K, PART I A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A OF 2008 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2008 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE FOR PENNSYLVANIA HOSPITAL OF UPHS WAS $15,441,300 AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2015 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2015 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $28,353,727 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A&B 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), AND LANCASTER GENERAL HOSPITAL (EIN 23-1365353), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A&B 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $2,458,937 FOR PRESBYTERIAN MEDICAL CENTER, $28,890,483 FOR PENNSYLVANIA HOSPITAL OF UPHS, AND $141,110,966 FOR LANCASTER GENERAL HOSPITAL AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES C 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES C 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $9,664,285 FOR PRESBYTERIAN MEDICAL CENTER AND $9,664,287 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A 2021 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), CHESTER COUNTY HOSPITAL (EIN 23-0469150), AND TO PRINCETON HEALTHCARE SYSTEM (EIN 21-0635009), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $3,885,626 FOR PENNSYLVANIA HOSPITAL OF UPHS, $14,571,097 FOR PRESBYTERIAN MEDICAL CENTER, $48,570,324 FOR CHESTER COUNTY HOSPITAL, AND $205,581 FOR PRINCETON HEALTHCARE SYSTEM AS OF JUNE 30, 2024. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES B 2021 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES B 2021 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $15,888,460 FOR PRESBYTERIAN MEDICAL CENTER AND $21,184,614 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2023. ------------------
Schedule K (Form 990) 2023

Additional Data


Software ID:  
Software Version:  

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.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
(1) BANET-WEISER SARAH DEAN, ANNENBERG SCHOOL SPECIAL EMPLOYEE LN   X 200,000 185,000   No Yes   Yes  
(2) GUTMANN AMY FORMER PRESIDENT SPECIAL EMPLOYEE LN   X 3,700,000 3,742,340   No Yes   Yes  
(3) LEE SOPHIA Z DEAN, PENN CAREY LAW SPECIAL EMPLOYEE LN   X 300,000 275,000   No Yes   Yes  
(4) STRUNK KATHARINE O DEAN, GSE SPECIAL EMPLOYEE LN   X 150,000 137,500   No Yes   Yes  
Total ............... $ 4,339,840
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) 2023
Schedule L (Form 990) 2023
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) EVAN ANDERSON FAMILY MEMBER OF OFFICER 86,699 EMPLOYEE COMPENSATION   No
(2) CHRISTOS COUTIFARIS FAMILY MEMBER OF KEY EMPLOYEE 468,943 EMPLOYEE COMPENSATION   No
(3) PAULINA COUTIFARIS FAMILY MEMBER OF KEY EMPLOYEE 67,079 EMPLOYEE COMPENSATION   No
(4) LAURA DINGFIELD FAMILY MEMBER OF OFFICER 228,195 EMPLOYEE COMPENSATION   No
(5) NICHOLAS HEUER FAMILY MEMBER OF OFFICER 44,061 EMPLOYEE COMPENSATION   No
(6) LIA HOWARD FAMILY MEMBER OF OFFICER 84,417 EMPLOYEE COMPENSATION   No
(7) MARK HUGHES FAMILY MEMBER OF OFFICER 201,188 EMPLOYEE COMPENSATION   No
(8) MICHAEL HUSSON MD FAMILY MEMBER OF OFFICER 423,873 EMPLOYEE COMPENSATION   No
(9) CHRISTINA JAMESON O'MALLEY FAMILY MEMBER OF OFFICER 41,750 EMPLOYEE COMPENSATION   No
(10) ABIGAIL PETERSON FAMILY MEMBER OF FORMER OFFICER 56,798 EMPLOYEE COMPENSATION   No
(11) PAULA PRITCHETT FAMILY MEMBER OF FORMER OFFICER 162,017 EMPLOYEE COMPENSATION   No
(12) KAREN SKELSTON FAMILY MEMBER OF OFFICER 51,654 EMPLOYEE COMPENSATION   No
(13) DEOBORAH THOMAS FAMILY MEMBER OF OFFICER 316,623 EMPLOYEE COMPENSATION   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
SCHEDULE L, PART III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS CERTAIN OFFICERS AND/OR KEY EMPLOYEES OF THE UNIVERSITY MAY RECEIVE TUITION ASSISTANCE FROM THE ORGANIZATION. THE AMOUNT OF SUCH ASSISTANCE HAS BEEN ACCOUNTED FOR AS A COMPONENT OF OVERALL COMPENSATION REPORTED FOR EACH APPLICABLE OFFICER/KEY EMPLOYEE ON FORM 990, PART VII. AS A RESULT, PURSUANT TO THE FORM 990, SCHEDULE L INSTRUCTIONS, SUCH AMOUNTS HAVE NOT BEEN ALSO REPORTED ON SCHEDULE L, PART III. --------------------
SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS DURING THE NORMAL COURSE OF ITS OPERATIONS AND AFTER APPROPRIATE REVIEW, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAY OCCASIONALLY TRANSACT BUSINESS WITH PERSONS AND/OR ORGANIZATIONS DESCRIBED ON FORM 990, PART IV, LINE 28. IN THIS REGARD, THE UNIVERSITY ADHERES TO A CONFLICT OF INTEREST POLICY AND ANY SUCH TRANSACTIONS ARE CONDUCTED AT AN ARMS-LENGTH BASIS. --------------------
Schedule L (Form 990) 2023


Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image 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
2023
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
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 4 3 FMV
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 139,609 FMV
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded .        
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous .. X 1,178 99,010,370 FMV
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( DONATED EQPMNT ) X 1 119,538 FMV
26 Other Right pointing arrow large image ( OTHER GIFTS ) X 41 2,797,757 FMV
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
17
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2023)
Schedule M (Form 990) (2023)
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, LINE 32B UTILIZATION OF THIRD PARTIES FOR SALES IN RARE INSTANCES WHERE NON-RARE, DUPLICATE, DONATIONS OF ART, HISTORICAL ASSETS OR OTHER SIMILAR ASSETS ARE RECEIVED, SUCH ITEMS MAY BE SENT TO A NON-PROFIT VENDOR FOR RESALE. THE UNIVERSITY WILL THEN RECEIVE A PORTION OF THE SALES PRICE. THIS ACTIVITY IS TYPICALLY VERY MINOR AND GENERATES LESS THAN $2,000 PER YEAR. THE UNIVERSITY RECORDS ANY CRYPTOCURRENCY CONTRIBUTIONS AS A COMPONENT OF SECURITIES FOR ACCOUNTING PURPOSES. THE UNIVERSITY TYPICALLY UTILIZES A THIRD-PARTY SERVICE TO INITIATE THE IMMEDIATE SALE OF ANY CRYPTOCURRENCY CONTRIBUTIONS RECEIVED.
Schedule M (Form 990) (2023)

Additional Data


Software ID:  
Software Version:  
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.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Return Reference Explanation
FORM 990, PART III, LINE 4A &4B TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS THE UNIVERSITY OF PENNSYLVANIA ("PENN"UNIVERSITY") IS ONE OF THE OLDEST UNIVERSITIES IN THE UNITED STATES. IT TRACES ITS ORIGINS BACK TO A CHARITY SCHOOL FOUNDED IN 1740, WAS CHARTERED AS A COLLEGE IN 1755, AND ON MAY 17, 1757, HELD ITS FIRST COMMENCEMENT, GRADUATING A CLASS OF SEVEN STUDENTS. FROM THESE EARLY AND MODEST BEGINNINGS, PENN HAS GROWN INTO ONE OF THE LEADING RESEARCH AND EDUCATIONAL INSTITUTIONS IN THE UNITED STATES AND IN THE WORLD. PUBLIC SERVICE IS A TOP INSTITUTIONAL PRIORITY FOR PENN. AS SUCH, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY IN PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM. THE UNIVERSITY IS HOME TO THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY, THE INSTITUTE FOR CONTEMPORARY ART, AND THE ANNENBERG CENTER FOR THE PERFORMING ARTS, ALL OF WHICH CONTRIBUTE VITALLY TO ENRICHING THE CULTURAL LIFE OF PHILADELPHIA. IN ADDITION, THE UNIVERSITY IS AN ACTIVE PARTICIPANT IN THE WEST PHILADELPHIA NEIGHBORHOOD THAT IS ITS HOME. I. EDUCATION PENN'S SPECIAL CHARACTER IS REFLECTED IN THE WIDE VARIETY OF BACKGROUNDS, EXPERIENCES AND PERSPECTIVES OF THE PENN COMMUNITY. PENN SEEKS TALENTED STUDENTS WHO WILL CONSTITUTE A VIBRANT COMMUNITY AND HELP CREATE AN EDUCATIONAL ENVIRONMENT THAT BEST SUPPORTS THE UNIVERSITY'S COMMITMENT TO EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP. OF 65,236 STUDENTS WHO APPLIED FOR THE CLASS OF 2028, ONLY 3,523, OR 5.4 PERCENT, WERE OFFERED ADMISSION. THE UNIVERSITY IS COMMITTED TO INCREASING ACCESS THROUGH GRANT-BASED AID PACKAGES THAT MEET THE FULL FINANCIAL NEED OF UNDERGRADUATES, EXPANDING THE PENN WORLD SCHOLARS PROGRAM, AND STRENGTHENING GRADUATE AND PROFESSIONAL FINANCIAL AID AND SUPPORT, SUCH AS THROUGH WELLNESS AT PENN AND THE OFFICE FOR PENN FIRST PLUS STUDENTS, WHICH SUPPORTS FIRST-GENERATION STUDENTS WITH SUBSTANTIAL FINANCIAL NEED TO THRIVE AND GRADUATE ON TIME. PENN IS THE NATION'S LARGEST UNIVERSITY WITH A PROGRAM THAT ENABLES DEPENDENT UNDERGRADUATES ELIGIBLE FOR AID TO RECEIVE GRANT-BASED FINANCIAL AID PACKAGES FOR EIGHT ACADEMIC SEMESTERS. PENN'S AID PROGRAM DEMONSTRATES THE UNIVERSITY'S COMMITMENT TO INCREASE ACCESS FOR QUALIFIED STUDENTS FROM ALL ECONOMIC BACKGROUNDS. IN FY 2024, THE AVERAGE FRESHMAN AID PACKAGE WAS $69,473. THIS REPRESENTS A 5.9% INCREASE FROM FY 2023. SINCE FY 2008, WHEN PENN BEGAN ITS GRANT-BASED FINANCIAL AID POLICY, THE AVERAGE FRESHMAN AID PACKAGE HAS INCREASED BY 134 PERCENT. RANKED NO. 10 AMONG ALL NATIONAL UNIVERSITIES BY U.S. NEWS & WORLD REPORT, PENN IS CONSISTENTLY RECOGNIZED FOR HAVING SOME OF THE TOP ACADEMIC PROGRAMS IN THE COUNTRY. PENN'S UNDERGRADUATE BUSINESS PROGRAM IS RANKED NO. 1 NATIONALLY, WHILE PENN'S GRADUATE PROGRAMS IN BUSINESS AND NURSING ARE CONSISTENTLY RANKED IN THE TOP SIX NATIONWIDE. THE PERELMAN SCHOOL OF MEDICINE AT THE UNIVERSITY OF PENNSYLVANIA HAS BEEN RANKED AMONG THE TOP MEDICAL SCHOOLS IN THE UNITED STATES FOR THE PAST 20 YEARS, ACCORDING TO U.S. NEWS & WORLD REPORT'S SURVEY OF RESEARCH-ORIENTED MEDICAL SCHOOLS. IN FY 2024, PENN RECEIVED $778.3 MILLION IN FUNDING FROM THE NATIONAL INSTITUTES OF HEALTH (NIH). OF THE $778.3 MILLION, THE PERELMAN SCHOOL OF MEDICINE RECEIVED $655.1 MILLION. THE SCHOOL IS CONSISTENTLY AMONG THE NATION'S TOP RECIPIENTS OF FUNDING FROM NIH. II. RESEARCH WITH MORE THAN $2.1 BILLION IN ANNUAL R&D EXPENDITURES FOR FY 2024, PENN IS ONE OF THE NATION'S TOP RESEARCH UNIVERSITIES, NOT ONLY GENERATING IMPORTANT NEW KNOWLEDGE IN THE FIELDS OF MEDICINE, TECHNOLOGY, BUSINESS, SCIENCE, AND BEYOND, BUT APPLYING THIS KNOWLEDGE TO IMPROVE THE LIVES OF INDIVIDUALS AND COMMUNITIES AT HOME AND AROUND THE WORLD. IN 2023, THE WORLD'S HIGHEST HONOR IN MEDICINE, THE NOBEL PRIZE IN MEDICINE, WAS AWARDED TO PENN FACULTY KATALIN KARIK AND DREW WEISSMAN, WHO IN 2005 PUBLISHED A KEY DISCOVERY THAT UNLOCKED AN UNDERSTANDING OF HOW TO MODIFY MRNA TO MAKE IT AN EFFECTIVE THERAPEUTIC. IN FALL 2024, UNIVERSITY LEADERSHIP DEDICATED AMY GUTMANN HALL AT A RIBBON-CUTTING CEREMONY, USHERING IN A NEW ERA OF COLLABORATION ACROSS ALL 12 SCHOOLS ON DATA SCIENCE AND AI. THE FACILITY FEATURES ADVANCED RESEARCH CENTERS, ACTIVE LEARNING CLASSROOMS, STATE-OF-THE-ART TEACHING LABS, WELCOMING STUDENT COMMONS, A MODERN AUDITORIUM, AND MORE. AMY GUTMANN HALL, SAID INTERIM PRESIDENT J. LARRY JAMESON, "WILL BE A PLACE FOR DISCOVERY AND BREAKTHROUGHS, AND THERE ARE ALREADY SO MANY OF THESE HAPPENING AT PENN." THE CEREMONY COMES ON THE HEELS OF THE LAUNCH OF PENN'S STRATEGIC FRAMEWORK, IN PRINCIPLE AND PRACTICE. THE VISION IDENTIFIES PENN'S FOUR KEY PRINCIPLES AND PRACTICES THAT GUIDE THE UNIVERSITY'S FUTURE COURSE, RANGING FROM AN ACCELERATION OF INTERDISCIPLINARY PURSUITS TO DEEPENING CONNECTIONS WITH NEIGHBORS AND THE WORLD. "THIS STRATEGIC FRAMEWORK WAS THE PRODUCT OF A YEARLONG PROCESS TO ADDRESS HOW PENN'S HISTORY AND PRESENT RESOURCES CAN HELP GUIDE OUR APPROACHES TO BENEFITING THE WORLD," SAID JAMESON IN SEPTEMBER. "THE WORDS REFLECT HOW WE ARE ANCHORED, INTERWOVEN, INVENTIVE, AND ENGAGED, AND THEY CHART A COURSE FOR OUR ACTIONS. WE ARE ON THAT COURSE NOW." IN CONNECTION WITH THE STRATEGIC FRAMEWORK, THE UNIVERSITY CREATED THE BRAND-NEW DRAW DOWN THE LIGHTNING GRANTS, OPEN TO ANY COMBINATION OF CURRENT STUDENTS, POST-DOCTORAL SCHOLARS, STAFF, AND FACULTY, SUPPORTING PROJECTS THAT SPEAK TO ANY COMBINATION OF IN PRINCIPLE AND PRACTICE'S FOUR PRINCIPLES AND FIVE PRACTICES, ENCOURAGING COLLABORATIVE ENDEAVORS. AMONG OTHER RESEARCH INITIATIVES THIS YEAR, THE CENTER FOR MEDIA, TECHNOLOGY, AND DEMOCRACY WAS CREATED AS A MULTIDISCIPLINARY REPOSITORY TO BETTER UNDERSTAND THE WAY MEDIA AND INFORMATION TECHNOLOGY MEDIATE AND INFLUENCE GLOBAL CONVERSATIONS. THE CENTER IS HOUSED IN THE SCHOOL OF ENGINEERING AND APPLIED SCIENCE AND OPERATES AS A PARTNERSHIP WITH THE SCHOOL OF ARTS & SCIENCES, THE WHARTON SCHOOL, PENN CAREY LAW, THE SCHOOL OF SOCIAL POLICY & PRACTICE, AND THE ANNENBERG PUBLIC POLICY CENTER. SUPPORTED BY PHILANTHROPY, THE SCHOOL OF ARTS & SCIENCES WILL ENHANCE GRADUATE EDUCATION IN THE DEPARTMENT OF CHEMISTRY, ESTABLISHING 20 NEW VAGELOS FELLOWS AND AN ENDOWED CHAIR IN CHEMISTRY. THE INVESTMENT INTENDS TO DOUBLE DOWN ON BASIC SCIENCE IN SUPPORT OF TRAINING SCIENTISTS OF THE FUTURE. IN MAY 2024, THE UNIVERSITY ANNOUNCED THE FOURTH COHORT OF PROJECTS FOR PROGRESS RECIPIENTS. THE INITIATIVE PROVIDES FUNDING OF UP TO $100,000 FOR PENN TEAMS PILOTING PRACTICAL PROJECTS THAT ADDRESS SOCIAL JUSTICE ISSUES IN PHILADELPHIA. THE WINNING GROUPS WILL CREATE A WEST PHILADELPHIA-BASED SAFE, CLIMATE-CONTROLLED ENVIRONMENT WITH RESOURCES INCLUDING A FOOD CUPBOARD AND LIVING SUPPLIES PANTRY; A RACIAL LITERACY PROGRAM TO PROTECT YOUTH FROM THE HARM OF HATE; AND A STREET MEDICINE SETTING THAT PROVIDES MEDICAL CARE, FOOD, AND SOCIAL SERVICES FOR PEOPLE EXPERIENCING HOMELESSNESS.
FORM 990, PART III, LINE 4A & 4B (CONT.) AND NEW TO FACULTY, IN THE SCHOOL OF NURSING AND THE PERELMAN SCHOOL OF MEDICINE, IS PENN INTEGRATES KNOWLEDGE PROFESSOR DEREK GRIFFITH, WHO IS AN INNOVATOR. GRIFFITH DEVELOPS POLICY STRATEGIES THAT APPLY COMMUNITY-BASED, INDIVIDUALLY TAILORED, AND PRECISION LIFESTYLE INTERVENTIONS. THE PENN INTEGRATES KNOWLEDGE PROGRAM IS A UNIVERSITY-WIDE INITIATIVE TO RECRUIT EXCEPTIONAL FACULTY MEMBERS WHOSE RESEARCH AND TEACHING EXEMPLIFY THE INTEGRATION OF KNOWLEDGE ACROSS DISCIPLINES AND WHO ARE APPOINTED IN AT LEAST TWO SCHOOLS AT PENN. ONE MEASURE OF EXCELLENCE FOR THE RESEARCH AND ACADEMIC STUDIES CONDUCTED AT PENN IS THE NUMEROUS PRESTIGIOUS AWARDS THAT HAVE BEEN CONFERRED ON PENN FACULTY. THE FACULTY, ACTIVE AND EMERITI, INCLUDES 111 MEMBERS OF THE AMERICAN ACADEMY OF ARTS AND SCIENCES, 129 MEMBERS OF THE NATIONAL ACADEMY OF MEDICINE, 55 MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES, 37 MEMBERS OF THE AMERICAN PHILOSOPHICAL SOCIETY, 185 GUGGENHEIM FELLOWS, AND 16 MEMBERS OF THE NATIONAL ACADEMY OF ENGINEERING. THE FACULTY HAS BEEN HOME TO NINE MACARTHUR AWARD RECIPIENTS, ONE NATIONAL MEDAL OF SCIENCE RECIPIENT, TWO NOBEL PRIZE RECIPIENTS, AND THREE PULITZER PRIZE RECIPIENTS. PENN'S RENOWNED RESEARCH COMMUNITY COMPRISES 221 RESEARCH CENTERS AND INSTITUTES, 5,565 FACULTY, MORE THAN 1,405 POSTDOCTORAL FELLOWS, 6,408 ACADEMIC SUPPORT STAFF AND GRADUATE STUDENT TRAINEES, AND A RESEARCH BUDGET OF $1.35 BILLION. RESEARCH GRANTS WON BY PENN FACULTY MAKE IT ONE OF THE HIGHEST RANKED RESEARCH UNIVERSITIES IN THE COUNTRY. III. PUBLIC SERVICE MISSION COMMUNITY INFRASTRUCTURE SINCE ESTABLISHING ITS HOME IN WEST PHILADELPHIA IN 1872 WITH THE OPENING OF COLLEGE HALL, PENN HAS PRIORITIZED SERVING THE COMMUNITY AND FOSTERING A VIBRANT ENVIRONMENT FOR RESIDENTS AND WORKERS ALIKE. IN 2024, THE UNIVERSITY MARKED 18 YEARS OF PROGRESS AND SUCCESS WITH ITS LAND USE AND CAMPUS DEVELOPMENT STRATEGY, PENN CONNECTS, WHICH HAS EVOLVED THROUGH THREE DISTINCT PHASES. THESE PLANS HAVE PLAYED A PIVOTAL ROLE IN CREATING A DYNAMIC AND SUSTAINABLE URBAN CAMPUS THAT IS UNIQUELY "PHILADELPHIAN." -HTTP://WWW.PENNCONNECTS.UPENN.EDU/ URBAN REDEVELOPMENT SINCE 2006, PENN HAS ADDED 30 ACRES OF NEW AND RENOVATED OPEN SPACE, 8,000 NEW AND RENOVATED STUDENT BEDS, 8.8 MILLION SQUARE FEET OF NEW CONSTRUCTION, AND 3.6 MILLION SQUARE FEET OF RENOVATION, REPRESENTING A TOTAL COMMITMENT OF PUBLIC AND PRIVATE INVESTMENT OF $7 BILLION TO ITS WEST PHILADELPHIA CAMPUS ($3.1 BILLION PENN, $2.7 BILLION PENN MEDICINE, $1.2 BILLION THIRD-PARTY DEVELOPMENT). CONSTRUCTION PENN'S DIVISION OF FACILITIES AND REAL ESTATE SERVICES DIRECTS PENN'S CAPITAL PROJECTS, WHICH INCLUDED ANNUAL SPEND OF $1.0 BILLION ON AVERAGE FROM FY 2020 THROUGH FY 2024 FOR BOTH THE UNIVERSITY AND HEALTH SYSTEM. PENN ENCOURAGES LOCAL ECONOMIC OPPORTUNITY ON ALL CONSTRUCTION BY INCREASING OPPORTUNITIES FOR LOCAL RESIDENTS AND BUSINESSES TO PARTICIPATE IN ITS MAJOR CAPITAL PROJECTS. -HTTPS://WWW.FACILITIES.UPENN.EDU/ THE EASTERN SIDE OF UNIVERSITY CITY, ONCE DOMINATED BY THE 24-ACRE UNITED STATES POST OFFICE'S SOUTHEASTERN PENNSYLVANIA HEADQUARTERS WAS PURCHASED BY PENN AND REDEVELOPED. THIS LAND CONNECTS UNIVERSITY CITY TO PHILADELPHIA'S CENTER CITY (CENTRAL BUSINESS DISTRICT) AND ITS TRANSPORTATION HUB AT 30TH AND MARKET STREETS (AMTRAK'S STATION, SEPTA'S COMBINATION OF PUBLIC RAIL AND BUS TRANSIT, AND INTERSTATE 76). THE ELEMENTS OF THE REDEVELOPMENT PLAN INCLUDED REPLACING THE POST OFFICE'S SURFACE PARKING LOT WITH THE UNIVERSITY'S 14-ACRE PENN PARK, WHICH OPENED IN THE FALL OF 2011. IT SERVES THE CAMPUS AND COMMUNITY AS OPEN SPACE AND A MIX OF ATHLETIC FACILITIES THAT INTRODUCED BOTH A NEW GATEWAY TO UNIVERSITY CITY AND A NEW GREENWAY WITH ENVIRONMENTAL BENEFITS; IT HAS ADDED MORE THAN 500 NEW INDIGENOUS TREES AND PLANT LIFE AND CAPTURES AND REUSES STORM WATER TO MITIGATE RUNOFF INTO THE SCHUYLKILL RIVER. NORTH OF PENN PARK IS CIRA CENTRE SOUTH, DEVELOPED BY BRANDYWINE REALTY TRUST ON WHAT WAS ONCE THE POST OFFICE'S TRUCK TERMINAL ANNEX. THE UNIVERSITY LEASED THE LAND TO THIS PRIVATE DEVELOPER WHICH BUILT A THREE-STRUCTURE COMPLEX INCLUDING: EVO, AN 850-BED GRADUATE STUDENT AND YOUNG PROFESSIONAL APARTMENT BUILDING; CIRA GREEN, A MIXED-USE BUILDING INCLUDING A 1,662 SPACE PARKING GARAGE, 9,000 SQUARE FEET OF STREET LEVEL RETAIL BUSINESSES, AND A ONE-ACRE ROOFTOP GREEN AND OPEN SPACE; AND FMC TOWER, A 49-STORY, 730-FOOT SKYSCRAPER AND GLOBAL HEADQUARTERS OF THE SPECIALTY CHEMICAL COMPANY, FMC CORPORATION. THE UNIVERSITY IS LEASING BACK FROM BRANDYWINE 125,000 SQUARE FEET FOR PENN ADMINISTRATIVE OFFICES. THE TOWER'S UPPER-MOST FLOORS CONTAIN 260 LUXURY HOTEL SUITES, AND A CONFERENCE CENTER TARGETED AT PROFESSIONALS AND OPERATED BY A THIRD-PARTY HOUSING SPECIALIST. THE STREET LEVEL LOBBY HOSTS A RESTAURANT. PENNOVATION LESS THAN ONE MILE SOUTH OF PENN'S CAMPUS, ACROSS THE SCHUYLKILL RIVER, IS THE 23-ACRE BUSINESS INCUBATOR AND RESEARCH LAB NAMED PENNOVATION WORKS. OPENED IN 2016, IT PROVIDES LAB SPACE FOR PENN INNOVATORS AND RESEARCHERS AND IS A HUB FOR MULTIDISCIPLINARY COLLABORATION. THESE RESEARCHERS AND ENTREPRENEURS WORK WITH INDUSTRY PARTNERS TO SOLVE REAL WORLD PROBLEMS AND TRANSLATE DISCOVERIES INTO VIABLE VENTURES. BY GROUPING FACILITIES FOR INNOVATION AND TECHNOLOGICAL DEVELOPMENT, PENN BUILT A MULTIFACETED WORKSHOP FOR HARNESSING AND COMMERCIALIZING THE TREMENDOUS CREATIVE RESEARCH POTENTIAL IN THE REGION. THE PRECINCT INCLUDES MULTIPLE STRUCTURES INCLUDING THE PENNOVATION CENTER, OFFICE BUILDING, AND LABS FORMING A COMMUNITY OF OVER 70 COMPANIES AND HUNDREDS OF EMPLOYEES. -HTTPS://WWW.PENNOVATION.UPENN.EDU PAVILLION ON THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S (UPHS) CAMPUS, THERE IS THE PAVILION - A 1.5 MILLION SQUARE FOOT BUILDING HOUSING 500 PRIVATE PATIENT ROOMS AND 47 OPERATING ROOMS. THIS 17-STORY FACILITY IS LOCATED ACROSS THE STREET FROM THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA AND ADJACENT TO THE PERELMAN CENTER FOR ADVANCED MEDICINE, WHICH OPENED IN 2008, REPLACING WHAT WAS ONCE THE PHILADELPHIA CIVIC CENTER. THIS STATE-OF-THE-ART BUILDING INCLUDES ADAPTABLE PATIENT ROOMS THAT CAN FLEX BETWEEN INTENSIVE CARE AND A STANDARD ROOM AS PATIENTS RECOVER. THE PAVILION ALSO INCLUDES ENHANCED TECHNOLOGY AND RESEARCH THAT WILL FACILITATE AND IMPROVE CARE TEAM COLLABORATION. ADDITIONALLY, THE BUILDING EMBODIES PENN'S COMMITMENT TO THE ENVIRONMENT. THE PAVILION WAS DESIGNED TO BE ECO-FRIENDLY AND CONSTRUCTED WITH INNOVATIONS LIKE THE RE-USE OF WATER, 100 PERCENT OUTSIDE AIR, AND PARK-LIKE, OUTDOOR GREEN SPACE FOR PATIENTS, FAMILIES, AND STAFF. THE STATE-OF-THE-ART PAVILION BETTER ENABLES UPHS TO CONTINUE ITS LONG-STANDING TRADITION OF PROVIDING HIGH QUALITY HEALTH CARE TO ITS COMMUNITY. -HTTPS://WWW.PENNMEDICINE.ORG/FOR-PATIENTS-AND-VISITORS/PENN-MEDICINE-LOCA TIONS/HOSPITAL-OF-THE-UNIVERSITY-OF-PENNSYLVANIA/NEW-HOSPITAL-PAVILION ECONOMIC IMPACT (PENN & PHILLY) IN 2024, PENN LAUNCHED PENN & PHILLY, A STORYTELLING INITIATIVE THAT CATALOGUES AND COMMUNICATES THE ARRAY OF COMMUNITY PARTNERSHIPS GENERATING SOCIAL AND ECONOMIC IMPACT IN WEST PHILADELPHIA AND ACROSS THE CITY. THIS INITIATIVE IS AN EXAMPLE OF PENN'S ROLE AS AN "ANCHORED UNIVERSITY" THAT AIMS TO ACT AS "AN EXCELLENT PHILADELPHIA NEIGHBOR AND GLOBAL CITIZEN." -https://in-principle-and-practice.upenn.edu/iPaP.pdf IT HIGHLIGHTS SIX AREAS OF FOCUS: 1. PUBLIC EDUCATION; 2. ARTS, CULTURE, AND RECREATION; 3. HEALTHY COMMUNITIES; 4. KNOWLEDGE IN ACTION; 5. ECONOMIC OPPORTUNITIES; AND 6. TOMORROW'S INDUSTRIES. FOLDED WITHIN PENN & PHILLY ARE THE LATEST ECONOMIC IMPACT RESULTS (AS OF FY 2024). CONSIDERING BOTH THE UNIVERSITY AND HEALTH SYSTEM, PENN GENERATED $25.2 BILLION IN TOTAL OUTPUT WITHIN PHILADELPHIA, SUPPORTING 106,600 DIRECT, INDIRECT, AND INDUCED JOBS WITH $11.2 BILLION IN EMPLOYEE COMPENSATION. PENN ALSO GENERATED $30.4 BILLION IN TOTAL OUTPUT WITHIN PENNSYLVANIA, SUPPORTING 155,000 DIRECT, INDIRECT, AND INDUCED JOBS WITH $15 BILLION IN EMPLOYEE COMPENSATION; AND $37.7 BILLION IN TOTAL OUTPUT WITHIN THE PENN REGION, SUPPORTING 161,600 DIRECT, INDIRECT, AND INDUCED JOBS WITH $15.8 BILLION IN EMPLOYEE COMPENSATION. PENN ACCOUNTS FOR 1 IN EVERY 7 JOBS IN PHILADELPHIA AND GENERATES APPROXIMATELY $1 OUT OF EVERY $8 IN LOCAL TAX REVENUE COLLECTED BY THE CITY OF PHILADELPHIA. -HTTPS://PENNANDPHILLY.UPENN.EDU/
FORM 990, PART III, LINE 4A & 4B (CONT.) PUBLIC EDUCATION FINANCIAL SUPPORT IN FY 2021, PENN ANNOUNCED THE LARGEST VOLUNTARY CONTRIBUTION TO THE SCHOOL DISTRICT OF PHILADELPHIA IN CITY HISTORY: $100 MILLION OVER A PERIOD OF TEN YEARS. PENN'S FINANCIAL SUPPORT IS HELPING REMEDIATE ENVIRONMENTAL HAZARDS, INCLUDING ASBESTOS AND LEAD, IN PUBLIC SCHOOL BUILDINGS. THIS FUNDING IS ENABLING THE SCHOOL DISTRICT TO ACCELERATE AND EXPAND THEIR RESPONSE TO ENVIRONMENTAL CONCERNS IN FACILITIES OWNED BY THE SCHOOL DISTRICT ACROSS THE CITY. 296 BUILDINGS ARE NOW PART OF A STRENGTHENED ASBESTOS MANAGEMENT PROGRAM; INCLUDING PENN'S SUPPORT, THE DISTRICT ALLOCATED $55 MILLION TO ENVIRONMENTAL EFFORTS IN FY 2024, WITH $61 MILLION BUDGETED FOR FY 2025. PENN ALSO MAINTAINS HISTORIC TIES TO LOCAL ELEMENTARY SCHOOLS IN WEST PHILADELPHIA; BOTH THE TANNER MOSSEL ALEXANDER AND HENRY LEA SCHOOLS HAVE RECEIVED ANNUAL CONTRIBUTIONS/IN-KIND SUPPORT OF APPROXIMATELY $1 MILLION TO SUPPORT THEIR STUDENTS. ECONOMIC OPPORTUNITY LOCAL ENGAGEMENT IS A BEDROCK COMPONENT OF PENN'S DEDICATION TO PHILADELPHIA. ONE EXPRESSION OF THAT ENGAGEMENT INCLUDES PENN'S LOCAL ECONOMIC OPPORTUNITY INITIATIVES: THE UNIVERSITY PARTNERING WITH BOTH INDIVIDUALS AND BUSINESSES TO PROVIDE NECESSARY SERVICES AND PRODUCTS. WORK FORCE PENN'S DIVISION OF HUMAN RESOURCES ENCOURAGES THE RECRUITMENT, RETENTION, AND DEVELOPMENT OF A COMMITTED WORKFORCE WITH A WIDE RANGE OF BACKGROUNDS, EXPERIENCES AND PERSPECTIVES. -HTTPS://WWW.HR.UPENN.EDU/ SUPPLIER ECONOMIC OPPORTUNITY SINCE 1986, PENN SUPPORTS LOCAL ECONOMIC OPPORTUNITY BY LEVERAGING THE UNIVERSITY'S PURCHASING POWER TO PARTNER WITH A RANGE OF PHILADELPHIA BUSINESSES. IN 2021, PENN RELAUNCHED THIS INITIATIVE UNDER THE NAME FUELING BUSINESS GROWTH WITH THE GOAL OF INCREASING ACCESS FOR MORE BUSINESSES AND GENERATING MORE LOCAL ECONOMIC DEVELOPMENT. OVER 500 ATTENDEES PARTICIPATED IN THE 2024 SUPPLIER FORUM AND EXPO ENGAGING WITH 30 EXHIBITORS AND 17 CONSTRUCTION BUSINESSES. PENN'S STRATEGIC APPROACH TO LOCAL, ECONOMIC, AND COMMUNITY DEVELOPMENT INCLUDES FUELING BUSINESS GROWTH. INFORMATION TECHNOLOGY: NEW FOR FY 2024: THROUGH A DECADE OF IT MODERNIZATION SUPPORTED BY PENN LEADERSHIP, ISC HAS PLAYED A CRITICAL ROLE IN SUPPORTING PENN'S TACTICAL AND STRATEGIC PRIORITIES. INVESTMENTS IN A PORTFOLIO OF TECHNOLOGY RANGING FROM STUDENT SYSTEMS TO HUMAN CAPITAL MANAGEMENT HAVE TRANSFORMED HOW STUDENTS, FACULTY, STAFF, RESEARCHERS, AND ALUMNI LEARN, WORK, AND INTERACT WITH PENN. ISC IS ONCE AGAIN LOOKING TO THE FUTURE. WE BELIEVE WE ARE AT THE CUSP OF ANOTHER TECHNOLOGICAL REVOLUTION, LIKE WHEN THE INTERNET AND PERSONAL COMPUTER EMERGED. TO ENSURE PENN'S PREPAREDNESS, ISC HAS UPDATED THE PENN IT STRATEGIC PLAN. RELYING ON A BROAD AND DIVERSE SET OF CAMPUS STAKEHOLDERS AND SUBJECT MATTER EXPERTS, SEVERAL KEY TECHNOLOGY THEMES FOR THE NEXT 3-5 YEARS HAVE BEEN IDENTIFIED, INCLUDING: THE STUDENT EXPERIENCE, INSTRUCTIONAL TECHNOLOGY, DATA AND ARTIFICIAL INTELLIGENCE (AI), AND RESEARCH COMPUTING. SECURITY IS A FOUNDATIONAL STRATEGIC THEME AND CONTINUES TO BE A PRIORITY FOR ISC. THE PENN SECUREIT PROGRAM AIMS TO INCREASE THE MATURITY OF THE UNIVERSITY'S CYBER SECURITY PROGRAM. THE PROGRAM WILL STREAMLINE OPERATIONS BY CONDENSING THE VOLUME OF VENDOR RELATIONSHIPS AND STREAMLINING PROCESSES TO IMPROVE OVERALL EFFICIENCY. ISC IS ALSO FOCUSED ON A NUMBER OF CRITICAL PROJECTS AND PROGRAMS, INCLUDING IDENTITY & ACCESS MANAGEMENT, SNOWFLAKE DATA WAREHOUSE, AND PENNNET ENHANCEMENTS.
FORM 990, PART III, LINE 4A & 4B (CONT.) SPECIFIC FY 2024 SERVICE METRICS INCLUDE: 49,000 CLIENT SUPPORT TICKETS HANDLED BY ISC'S CLIENT CARE AND HIREIT TEAMS; ~5M PARTICIPANTS IN ZOOM AND TEAMS MEETINGS; DATA CENTER & PENNNET MAINTAINED 100% AND 99.98% AVAILABILITY; 125,000+ DEVICES CONNECTED TO PENNNET; CAMPUS FIREWALL BLOCKS 4.1B ATTACKS PER MONTH. FY 2023: FOR THREE YEARS, ISC HAS PLAYED A CRITICAL ROLE IN SUPPORTING PENN'S TACTICAL AND STRATEGIC RESPONSE TO THE COVID PANDEMIC. DURING THAT TIME, WE CONTINUED TO DELIVER ON THE LONGER-TERM EFFORT TO MODERNIZE PENN'S DIGITAL INFRASTRUCTURE, COMMUNITY, AND GOVERNANCE WITH MORE SUSTAINABLE SOLUTIONS. ISC'S SUCCESS IS AS MUCH A STORY OF CONSISTENCY - IN OPERATIONAL EXCELLENCE, EFFECTIVE STEWARDSHIP, PRINCIPLES, AND VALUES - AS IT IS ABOUT ANTICIPATING THE FUTURE AND EMBRACING CHANGE. TODAY, ISC IS WORKING WITH CAMPUS PARTNERS AND ALIGNING WITH PENN'S STRATEGIC FRAMEWORK ON A NEW PENN IT STRATEGIC PLAN. THEMES INCLUDE STUDENT EXPERIENCE, ACADEMIC TECHNOLOGY, DATA AND AI, AND RESEARCH COMPUTING. ISC IS ALSO FOCUSED ON A NUMBER OF CRITICAL PROJECTS AND PROGRAMS, INCLUDING THE EVP IT SECURITY ASSESSMENT, IDENTITY & ACCESS MANAGEMENT, SNOWFLAKE DATA WAREHOUSE, INTELLIGENT AUTOMATION, AND PENNNET ENHANCEMENTS. SPECIFIC FY 2023 SERVICE METRICS INCLUDE: 49,000 CLIENT SUPPORT TICKETS HANDLED BY ISC'S CLIENT CARE AND HIREIT TEAMS; ~15,000 PENNNET PHONE #'S SUCCESSFULLY MIGRATED TO THE VONAGE CLOUD; 5M PARTICIPANTS IN ZOOM AND TEAMS MEETINGS; DATA CENTER & PENNNET MAINTAINED 100% AND 99% AVAILABILITY; AND TWO-STEP VERIFICATION INSTALLED ON 15K+ PENN O365 ACCOUNTS. PHYSICAL ENVIRONMENT: ACHIEVEMENTS: A STORMWATER WORKING GROUP WAS FORMED TO ASSESS PENN'S STORMWATER MANAGEMENT AND DEVELOP RECOMMENDATIONS FOR IMPROVING STORMWATER MANAGEMENT AT PENN. COMPLETED RECOMMENDATIONS INCLUDE A COMPREHENSIVE MAINTENANCE AND TRACKING PROCESS FOR STORMWATER ASSETS AND DEVELOPING A PUBLICLY AVAILABLE MAP OF CAMPUS STORMWATER PROJECTS. TO DATE, THERE ARE 51 LEED PROJECTS AT PENN, WITH SEVEN UNDER CONSTRUCTION AND FOUR IN DESIGN IN FY 2024. A STUDENT ECO-REP GROUP WORKING WITH FACILITIES & REAL ESTATE SERVICES AND PENN MEDICINE DESIGNED OUTREACH PROGRAMS TO PROMOTE BIRD-FRIENDLY PRACTICES ON PENN'S CAMPUS. GOALS: UPDATE CAMPUS DESIGN AND MANAGEMENT STANDARDS AND INTEGRATE OCCUPANT HEALTH AND WELLNESS INTO PENN'S BUILDING STANDARDS; IMPROVE PENN'S LANDSCAPE ECOLOGY PRACTICES AS WELL AS WATER USE AND MANAGEMENT ON CAMPUS; AND IMPROVE EDUCATION AROUND PENN'S PLANNING AND PREPAREDNESS, RESILIENCY, AND ADAPTATION. WASTE MINIMIZATION AND RECYCLING: ACHIEVEMENTS: INCREASING MATERIAL DIVERSION AND REDUCING THE WASTE SENT TO LANDFILL AND WASTE-TO-ENERGY INCINERATORS CONTINUE TO BE PRIORITIES FOR PENN. TOGETHER WITH OUR WASTE VENDOR, PENN HAS REDUCED SOLID WASTE BY 29% PERCENT IN FY 2024, UP FROM 24% IN FY 2020. GOALS: INCREASE PENN'S OVERALL WASTE DIVERSION, MINIMIZE WASTE SENT TO LANDFILL, AND SUPPORT REGIONAL WASTE GOALS. TRANSPORTATION: ACHIEVEMENTS: - THE UNIVERSITY OF PENNSYLVANIA HAS LONG BEEN A LEADER IN FRIENDLY COMMUTING. ACCORDING TO A SURVEY CONDUCTED BY PENN PRAXIS THAT CAPTURED RESPONSES FROM OVER 4,000 PENN STAFF AND FACULTY, THE PENN COMMUNITY COMMUTES ON TRANSIT SEVEN TIMES THE AVERAGE PHILADELPHIA COMMUTER, BIKES THREE TIMES THE AVERAGE, AND WALKS ALMOST TEN TIMES THE AVERAGE. - THE UNIVERSITY CONTINUES TO WORK WITH INDEGO BIKE SHARE AND ENJOYS A TOTAL OF SIX BIKE SHARE STATIONS ON CAMPUS. DURING FY 2024, 112,148 INDEGO TRIPS STARTED AND ENDED AT SIX LOCATIONS ON OR AROUND CAMPUS, REPRESENTING APPROXIMATELY 10% OF ALL SYSTEM TRIPS - PENN SUPPORTS 12 EV CHARGING STATIONS AT THREE CAMPUS LOCATIONS. - PENN CURRENTLY HAS 40 ELECTRIC VEHICLES, THREE GASOLINE-ELECTRIC HYBRID VEHICLES, AND NINE VEHICLES FUELED BY BIODIESEL BLEND FUEL. - THE UNIVERSITY CONTINUES TO SUPPORT MASS TRANSIT SUBSCRIBERS PURCHASING MONTHLY TRANSIT PASSES VIA A DISCOUNT PROGRAM EXECUTED IN CONJUNCTION WITH SEPTA, PATCO, NJ TRANSIT, AND AMTRAK. PENN PARKING & COMMUTER SERVICES RECENTLY ANNOUNCED AT AN INCREASED COMMUTER BENEFIT DISCOUNT TO 50% (MAXIMUM DISCOUNT OF $105 PER MONTH) ON PHILADELPHIA REGIONAL TRANSIT PASSES FOR FULL-TIME, BENEFITS-ELIGIBLE FACULTY, STAFF, AND POSTDOCTORAL RESEARCHERS AND FELLOWS WHO USE PUBLIC TRANSPORTATION FOR THEIR COMMUTE TO CAMPUS. THIS DISCOUNT IS AVAILABLE FOR TRANSPORTATION OPTIONS INCLUDING: - SEPTA MONTHLY CITY TRANSPASS+ AND MONTHLY REGIONAL TRAIL PASS (DOES NOT INCLUDE SEPTA KEY'S TRAVEL WALLET) - PATCO FREEDOM CARD-T - NEW JERSEY TRANSIT - AMTRAK MONTHLY PASS - THE UNIVERSITY'S VANPOOL/CARPOOL PROGRAMS OFFER NO-COST/LOW-COST PREFERRED PARKING WHILE ALSO ALLOWING PRE-TAX PAYROLL DEDUCTION PERMIT PAYMENTS. - PREFERRED PARKING IS DESIGNATED IN UNIVERSITY GARAGES FOR ELECTRIC AND HYBRID VEHICLES. - THE LEAGUE OF AMERICAN BICYCLISTS' AWARDED PENN "SILVER" RECOGNITION AS A BICYCLE FRIENDLY UNIVERSITY. -https://almanac.upenn.edu/volume-69-number-37/#penn-to-increase-the-disco unt-for-faculty-and-staff-commuter-program OUTREACH AND ENGAGEMENT: PENN AGAIN COLLABORATED WITH PHILADELPHIA PARKS & RECREATION'S TREEPHILLY PROGRAM FOR THE SPRING CREATING CANOPY EVENT, DISTRIBUTING 150 TREES TO STAFF AND FACULTY. FIFTEEN DIFFERENT TREE TYPES WERE GIVEN AWAY, INCLUDING FRUIT TREES SUCH AS APPLE, FIG, AND HACKBERRY, AND LARGER SPECIES LIKE WHITE OAKS AND PRINCETON ELM. GOALS: EXPAND AND STRENGTHEN EXISTING OUTREACH PROGRAMS AND ENGAGE PENN'S LEADERSHIP TO SERVE AS CHANGE AGENTS. PROCUREMENT: THE UNIVERSITY ENCOURAGES ITS STUDENTS, FACULTY, STAFF, AND ALUMNI TO PARTICIPATE IN THE EXTENSIVE OUTREACH THAT SUPPORTS PHILADELPHIANS, WITH AN EMPHASIS ON THE LOCAL COMMUNITY SURROUNDING PENN, TO LEAD HEALTHY, GAINFUL LIVES.
FORM 990, PART III, LINE 4A & 4B (CONT.) EACH YEAR, PENN PARTICIPATES IN SEVERAL JOB FAIRS AND OUTREACH PROGRAMS TO CREATE AWARENESS OF CAREER OPPORTUNITIES FOR ALL POPULATIONS. THE DIVISION OF HUMAN RESOURCES, RECRUITMENT SERVICES & TALENT ACQUISITION TEAM COORDINATED EFFORTS WITH OUR TEMPORARY STAFFING PROVIDER, APPLE ONE, TO ENSURE THAT WE ATTEND A WIDE RANGE OF JOB FAIRS AND COMMUNITY ACTIVITIES. THROUGH APPLEONE, PENN CONTINUED TO WORK WITH THE SURROUNDING COMMUNITY PROVIDING TRAINING ON THE USE OF VIDEO AND WEB CONFERENCING/INTERVIEWING. THIS INCLUDED MOCK VIRTUAL INTERVIEWING SESSIONS. SHARING INTERVIEWING TECHNIQUES HAS CONTRIBUTED TO THE EMPLOYMENT OF LOCAL RESIDENTS IN POSITIONS THROUGHOUT THE UNIVERSITY. PENN RECRUITMENT SERVICES TAKES PART IN MONTHLY FIRST THURSDAY COMMUNITY MEETINGS FOR WEST AND SOUTHWEST PHILADELPHIA RESIDENTS. FOLLOWING UP ON REQUESTS AND DESIRES FROM THE SURROUNDING COMMUNITY, JOB READINESS TRAINING, MOCK INTERVIEWS, AND ONE-ON-ONE COACHING ARE PROVIDED TO LOCAL RESIDENTS THROUGH OUR THIRD-PARTY VENDOR APPLEONE. WE CONTINUE TO PARTICIPATE IN JOB FAIRS BOTH VIRTUALLY AND ONSITE. DURING FISCAL YEAR 2024, WE PARTICIPATED IN AN INCREASING NUMBER OF JOB FAIRS, SUCH AS THE PHILADELPHIA JOB FAIR, COMMUNITY COLLEGE OF PHILADELPHIA JOB FAIR, TECHNICALLY PHILLY SIGNATURE EVENT JOB FAIR, TEMPLE UNIVERSITY COMMUNITY JOB FAIR, ENTERPRISE CENTER AND ACHIEVABILITY, AND THE 2024 ANNUAL NATIONAL HBCU WEEK CONFERENCE CAREER AND RECRUITMENT FAIR. WE ALSO PARTICIPATE IN THE MONTHLY MEETING HOSTED BY FAMILIES FORWARD PHILADELPHIA. PENN PARTICIPATED IN THE SUMMER 2024 INITIATIVE WITH THE UNIVERSITY'S NETTER CENTER FOR COMMUNITY PARTNERSHIPS AIMED AT PREPARING STUDENTS FROM A LOCAL HIGH SCHOOL TO APPLY FOR JOBS AS PART OF A COMMUNITY ENGAGEMENT EFFORT. -https://www.nettercenter.upenn.edu/ THE UNIVERSITY OF PENNSYLVANIA WILL HOST ITS 3RD ANNUAL JOB AND CAREER FAIR, FOCUSED ON RECRUITING EXCEPTIONAL CANDIDATES TO MID-LEVEL POSITIONS WITHIN BOTH THE UNIVERSITY AND THE UNIVERSITY HEALTH SYSTEM. THIS EVENT WILL PROVIDE OPPORTUNITIES FOR CANDIDATES SEEKING ROLES RANGING FROM ENTRY-LEVEL TO MID-LEVEL POSITIONS. IN FY 2024, PENN'S NETTER CENTER FOR COMMUNITY PARTNERSHIPS OFFERED 82 ACADEMICALLY BASED COMMUNITY SERVICE COURSES, ENGAGING APPROXIMATELY 1,900 PENN GRADUATE AND UNDERGRADUATE STUDENTS IN COLLABORATIVE REAL-WORLD PROBLEM-SOLVING OPPORTUNITIES WITH LOCAL COMMUNITY PARTNERS. THESE COURSES WERE TAUGHT ACROSS 11 OF PENN'S 12 SCHOOLS. THE NETTER CENTER ALSO SUPPORTED 427 PENN STUDENTS TO WORK WITH THE COMMUNITY THROUGH WORK-STUDY POSITIONS AND INTERNSHIPS, AS WELL AS OVER 400 REGULAR VOLUNTEERS. -https://www.nettercenter.upenn.edu/ -https://www.nettercenter.upenn.edu/what-we-do/courses THE NETTER CENTER'S UNIVERSITY-ASSISTED COMMUNITY SCHOOL (UACS) PROGRAMS IN FY 2024 FOCUSED ON SEVEN PUBLIC SCHOOLS IN WEST PHILADELPHIA, SERVING APPROXIMATELY 3,400 K-12 STUDENTS AND THEIR FAMILIES THROUGH COMPREHENSIVE SCHOOL-DAY PARTNERSHIPS, AFTER-SCHOOL AND SUMMER PROGRAMMING, AND EVENING PROGRAMS. UACS NIGHTS OFFER FREE ACADEMIC, CULTURAL, AND RECREATIONAL ACTIVITIES ON TUESDAY AND THURSDAY EVENINGS FOR COMMUNITY ADULTS. THE NETTER CENTER ENGAGES FACULTY, STAFF, AND STUDENTS FROM ALL 12 OF PENN'S SCHOOLS IN UACS ACTIVITIES. THESE PARTNERSHIPS HAVE BEEN CREDITED WITH VISIBLE IMPROVEMENTS IN ACADEMIC PERFORMANCE, ATTENDANCE, AND STUDENT AND PARENTAL INVOLVEMENT (E.G., SEE: HTTPS://PENNTODAY.UPENN.EDU/NEWS/PENN-NETTER-CENTER-SCIENCE-AND-SERVICE). IN FY 2024, NETTER'S SUMMER UACS PROGRAMS ENGAGED: 386 STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH ENROLLED IN THE SUMMER ENRICHMENT PROGRAMMING; 65 MIDDLE-SCHOOL STUDENTS ENROLLED IN CAREER EXPOSURE PROGRAMMING; 205 HIGH SCHOOL STUDENTS ENROLLED IN PAID WORK-READY INTERNSHIPS; AND APPROXIMATELY 80 PENN STUDENTS WHO SUPPORTED THE SUMMER UACS PROGRAMS, THROUGH VOLUNTEER AND PAID POSITIONS INCLUDING WORK-STUDY. -https://www.nettercenter.upenn.edu/what-we-do/university-assisted-communi ty-schools -https://penntoday.upenn.edu/news/by-the-numbers-university-assisted-commu nity-schools-summer-enrichment-program THE NETTER CENTER COLLABORATED WITH CHILDREN'S HOSPITAL OF PHILADELPHIA (CHOP) AND ITS HEALTHIER TOGETHER INITIATIVE TO IMPLEMENT A PLACE-BASED COMPREHENSIVE APPROACH TO SOCIAL, EMOTIONAL AND MENTAL WELLNESS FOR ALL STUDENTS, CAREGIVERS, AND STAFF AT FIVE UACS IN FY 2024: COMEGYS, HAMILTON, AND LEA K-8 SCHOOLS AND SAYRE AND WEST PHILADELPHIA HIGH SCHOOLS. PENN STUDENTS IN MASTERS OF PUBLIC HEALTH, SCHOOL & MENTAL HEALTH COUNSELING, AND MASTERS OF SOCIAL WORK PROGRAMS ARE INVOLVED, AS IS CHOP'S CENTER FOR VIOLENCE PREVENTION, CHOP'S DEPARTMENT OF CHILD AND ADOLESCENT PSYCHIATRY AND BEHAVIORAL SCIENCES, AND THE UPLIFT CENTER FOR GRIEVING CHILDREN. AT WEST PHILADELPHIA HIGH, NETTER AND PENN FAMILY MEDICINE ALSO PARTNERED TO PROVIDE A SCHOOL-BASED HEALTH CLINIC THAT INCLUDES VACCINATIONS AND PHYSICALS FOR STUDENTS. IN FY 2024, NETTER HIRED ITS FIRST UACS DIRECTOR OF STUDENT ENGAGEMENT AND COMMUNITY BUILDING TO WORK WITH PARTNERS TO EXPAND NETTER'S YOUTH-DRIVEN ANTI-VIOLENCE INITIATIVES AND CREATE CULTURES OF PEACE WITHIN UACS. KEY PARTNERS INCLUDE THE ANTI-VIOLENCE PARTNERSHIP OF PHILADELPHIA AND PENN NURSING FOR BYSTANDER INTERVENTION TRAINING FOR HIGH SCHOOL STUDENTS. NETTER STAFF ALSO EDUCATED SCHOOL-BASED STAFF AND TEENS IN TEEN MENTAL HEALTH FIRST AID. -https://www.nettercenter.upenn.edu/what-we-do/university-assisted-communi ty-schools/uacs-public-health-initiatives/uacs-school YOUNG QUAKERS COMMUNITY ATHLETICS (YQCA), A COLLABORATION BETWEEN THE NETTER CENTER AND PENN ATHLETICS, CREATES MUTUALLY BENEFICIAL PARTNERSHIPS BETWEEN PENN INTERCOLLEGIATE ATHLETIC TEAMS AND WEST PHILADELPHIA STUDENTS IN GRADES K-8 FROM UNIVERSITY-ASSISTED COMMUNITY SCHOOLS. THE PROGRAM INCLUDES ON-FIELD AND OFF-FIELD SKILLS AND MENTORING, AS WELL AS REGIONAL COMPETITIONS, WITH ACTIVITIES HELD BOTH AT THE PUBLIC SCHOOLS AND AT PENN'S WORLD-CLASS ATHLETIC FACILITIES. IN FY 2024, YQCA WORKED WITH ALL STUDENTS ENROLLED IN NETTER'S AFTER SCHOOL PROGRAMS AT COMEGYS, LEA, AND HAMILTON ELEMENTARY SCHOOLS; 111 OF THE K-8 STUDENTS TRAVELED REGULARLY TO PENN'S CAMPUS; 66 PENN ATHLETES PARTICIPATED FROM PENN TRACK & FIELD, MEN'S AND WOMEN'S LACROSSE, AND MEN'S AND WOMEN'S BASKETBALL. ALSO HOUSED IN NETTER, PENN VIPS (VOLUNTEERS IN PUBLIC SERVICE) ENGAGES STAFF, FACULTY, AND ALUMNI VOLUNTEERS. IN FY 2024, PENN VIPS AWARDED SEVEN NON-TUITION COLLEGE SCHOLARSHIPS TO WEST PHILADELPHIA STUDENTS; SUPPORTED OVER 45 PENN DEPARTMENTS IN PROVIDING HOLIDAY GIFTS (CLOTHING, TOYS, HOUSEHOLD SUPPLIES, TECHNOLOGY) TO 50 DESERVING FAMILIES THROUGH REFERRAL BY LOCAL COMMUNITY AGENCIES; COLLECTED AN ADDITIONAL 1,000 GIFTS AND TOYS, 100 NEW WINTER COATS, 50 PAIRS OF SNEAKERS, AND 600 NON-PERISHABLE FOOD ITEMS FOR DONATION DURING THE HOLIDAYS; AS WELL AS ORGANIZED A UNIVERSITY-WIDE SCHOOL SUPPLIES DRIVE THAT BENEFITTED APPROXIMATELY 17 FAMILIES, AS WELL AS 9 LOCAL SCHOOLS AND SEVERAL MENTORING AND LITERACY ORGANIZATIONS. THROUGH PENN VIPS, PENN VOLUNTEERS ALSO MENTORED LOCAL MIDDLE SCHOOL CHILDREN, PROVIDED EXPOSURE TO COLLEGE CAMPUSES, EXPLORED THE IMPORTANCE OF AN EDUCATION, AND HELPED STUDENTS LEARN ABOUT A VARIETY OF CAREERS BY ARRANGING AND SPONSORING TRIPS TO LOCAL BUSINESSES, AREA MUSEUMS, AND MORE. ADDITIONALLY, HIGH SCHOOL STUDENTS WERE EXPOSED TO AREA BUSINESSES AND CAREERS THROUGH THE PENN ALUMNI CLASS OF 80 PARTNERSHIP. PENN VIPS WORKED UNIVERSITY-WIDE TO SHARE UNIVERSITY OFFICE SUPPLIES, FURNITURE, TELEVISIONS, COMPUTERS, ETC., WITH NEIGHBORHOOD GROUPS AND LOCAL AGENCIES. PENN VIPS ALSO OPERATED THE NONPROFIT INSTITUTE, A BIANNUAL PROGRAM THAT PROVIDES FREE WORKSHOPS FOR MEMBERS OF LOCAL NONPROFITS AND FAITH-BASED COMMUNITIES OVER THE COURSE OF FIVE DAYS; APPROXIMATELY 50 INDIVIDUALS PARTICIPATED IN THE NONPROFIT INSTITUTE. -https://www.nettercenter.upenn.edu/what-we-do/programs/penn-volunteers-pu blic-service-penn-vips -https://www.nettercenter.upenn.edu/what-we-do/additional-programs/penn-vo lunteers-public-service-penn-vips/nonprofit-institute
FORM 990, PART III, LINE 4A & 4B (CONT.) FOCUSING ON CIVIC ENGAGEMENT, CIVIC HOUSE OVERSEES A VARIETY OF PROGRAMS. THE PENNCORP PRE-ORIENTATION PROGRAM INTRODUCES 40 INCOMING STUDENTS TO CIVIC ENGAGEMENT OPPORTUNITIES IN LOCAL COMMUNITIES. THE WEST PHILADELPHIA TUTORING PROJECT, SOME 300 PENN STUDENTS SUPPORT LOCAL K-12 SCHOOL YOUTH IN LOCAL PUBLIC SCHOOLS AND ON CAMPUS, AND THROUGH ITS COMMUNITY ENGAGEMENT INTERNSHIP PROGRAM, STUDENTS WORK YEAR-ROUND WITH COMMUNITY PARTNER ORGANIZATIONS ON A VARIETY OF INITIATIVES. THE VOLUNTEER-BASED COMMUNITY ENGAGEMENT PROGRAM (CEP) IS A STUDENT-FACILITATED PROGRAM THAT CONNECTS PENN STUDENTS WITH THOSE AND OTHER PHILADELPHIA-BASED NONPROFIT ORGANIZATIONS WHILE PROVIDING A SPACE FOR REFLECTION AND EDUCATION. ALL 50 STUDENTS INVOLVED IN CIVIC HOUSE'S CIVIC SCHOLARS PROGRAM VOLUNTEER WITH LOCAL NONPROFIT ORGANIZATIONS AND SCHOOLS, AND SEVERAL OF THEM PARTICIPATED IN PUBLIC INTEREST INTERNSHIPS OVER THE SUMMER. THE PENN ALTERNATIVE BREAKS PROGRAM INVOLVED TWO DOZEN STUDENTS IN VIRTUAL EXPERIENCES WITH PHILADELPHIA-BASED ORGANIZATIONS. ALSO, THROUGH SEVERAL DOZEN OTHER STUDENT-LED ORGANIZATIONS COMPRISED OF SOME 1,500 VOLUNTEERS, PENN STUDENTS WORK ON A RANGE OF OTHER ISSUES IN PHILADELPHIA AND THROUGHOUT THE REGION. -HTTPS://CIVICHOUSE.UPENN.EDU/PENNCORP/ -HTTP://UPENNWPTP.WEEBLY.COM/ -HTTPS://CIVICHOUSE.UPENN.EDU/CEI/ -HTTPS://CIVICHOUSE.UPENN.EDU/CEP/ -HTTPS://CIVICHOUSE.UPENN.EDU/CIVICSCHOLARS/ -HTTPS://CIVICHOUSE.UPENN.EDU/PENNALTERNATIVEBREAKS/ THE OFFICE OF GOVERNMENT AND COMMUNITY AFFAIRS (OGCA) FOSTERS RELATIONSHIPS WITH GOVERNMENT AND CIVIC PARTNERS TO ENSURE THAT THE CONDUCT OF THE UNIVERSITY'S MISSION AND ACTIVITIES RESULTS IN MEANINGFUL IMPACT AND ENGAGEMENT IN PHILADELPHIA NEIGHBORHOODS AND BEYOND. OGCA HOSTS A MONTHLY MEETING WITH COMMUNITY LEADERS TO FOSTER COLLABORATIVE INFORMATION SHARING AND PROGRAM INFORMATION. WXPN PRODUCES CHOIR CONCERTS IN LOCAL CHURCHES THROUGHOUT PHILADELPHIA. PENN'S EMPHASIS ON SERVICE AS ESSENTIAL TO ITS EDUCATIONAL MISSION IS EXEMPLIFIED BY A HOST OF SCHOOL-BASED PROGRAMS ACROSS THE UNIVERSITY, AS WELL. SELECT HIGHLIGHTS INCLUDE: GRADUATE SCHOOL OF EDUCATION PENN GSE PARTNERS WITH SCHOOLS, COMMUNITIES, POLICYMAKERS, AND BUSINESSES TO UNLOCK EDUCATIONAL OPPORTUNITIES FOR STUDENTS LOCALLY, NATIONALLY, AND GLOBALLY. THE SCHOOL ACCOMPLISHES THIS MISSION THROUGH ACADEMIC PROGRAMS, RESEARCH, AND SERVICE TO ITS VARIED CONSTITUENCIES. IN FY 2024, GSE WELCOMED KATHARINE STRUNK AS ITS NEW DEAN. STRUNK IS AN AWARD-WINNING MIXED METHODS SCHOLAR FROM MICHIGAN STATE UNIVERSITY AND AN EXPERT ON TEACHER LABOR MARKETS, SCHOOL AND DISTRICT IMPROVEMENT AND ACCOUNTABILITY POLICIES, AND EFFORTS TO BOLSTER STUDENT ACHIEVEMENT. PROGRAMMATICALLY, GSE OFFERS MASTER'S AND DOCTORAL DEGREE PROGRAMS IN SPECIALIZATIONS THAT ARE HOUSED IN FIVE ACADEMIC DIVISIONS. THE SCHOOL IS RECOGNIZED FOR ITS EXPERTISE IN EDUCATION POLICY, HIGHER EDUCATION, APPLIED PSYCHOLOGY/HUMAN DEVELOPMENT, LITERACY STUDIES, TEACHER PREPARATION, INTERNATIONAL DEVELOPMENT, AND RESEARCH AND EVALUATION METHODOLOGY. GSE IS A LEADER IN INNOVATIVE EXECUTIVE-FORMAT DEGREE PROGRAMS FOR PRACTICING EDUCATION PROFESSIONALS, WHICH SUBSTANTIALLY WIDENS THE SCHOOL'S REACH. WITH AROUND 1,450 STUDENT FTES, GSE IS THE FIFTH LARGEST SCHOOL AT PENN IN ENROLLMENT. -https://www.gse.upenn.edu/ -https://www.gse.upenn.edu/academics/programs THE CURRENT RESEARCH PORTFOLIO INCLUDES OVER $41 MILLION IN AWARDS AND ROUGHLY $11 MILLION IN ANNUAL EXPENDITURES IN GRANTS FROM BOTH THE FEDERAL GOVERNMENT AND A WIDE VARIETY OF FOUNDATIONS. GSE'S SERVICE COMMITMENT IS STRONG AND SUPPORTS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS AND ADMINISTRATORS ACROSS THE REGION AND NATION, A STRONG AND DEEPENING PARTNERSHIP WITH THE PHILADELPHIA SCHOOL DISTRICT, AND ENHANCED INTERNATIONAL EDUCATION DEVELOPMENT EFFORTS WITH STUDENT PLACEMENTS CIRCLING THE GLOBE. THE INNOVATION HUB CATALYST AND THE CENTER FOR PROFESSIONAL LEARNING ARE EXPANDING ACCESS TO PENN LEARNING OPPORTUNITIES ACROSS THE GLOBE. -https://www.gse.upenn.edu/about-penn-gse/philadelphia-impact/office-of-sc hool-and-community-engagement -https://www.gse.upenn.edu/academics/programs/international-educational-de velopment-masters -https://www.gse.upenn.edu/about-penn-gse/catalyst -https://www.gse.upenn.edu/academics/center-professional-learning PENN ENGINEERING FOR OVER 170 YEARS, PENN ENGINEERING'S VIBRANT, COLLABORATIVE, AND INNOVATIVE COMMUNITY HAS BEEN PENN'S INTELLECTUAL HOME FOR TECHNOLOGY-RELATED TEACHING AND RESEARCH. THE SCHOOL'S STATE-OF-THE-ART RESEARCH LABORATORIES ALLOW ITS WORLD-ACCLAIMED FACULTY TO PURSUE THE SOLUTIONS TO LEADING GLOBAL CHALLENGES IN HUMAN HEALTH, DATA SCIENCE AND ARTIFICIAL INTELLIGENCE. PENN ENGINEERING'S INTERDISCIPLINARY CURRICULA OFFER STUDENTS AN UNPARALLELED LEARNING EXPERIENCE, AND ITS STUDENTS PLAY A CRITICAL ROLE IN POSING AND ANSWERING THE IMPORTANT QUESTIONS THAT WILL IMPROVE THE HUMAN CONDITION AND TRANSFORM OUR WORLD. THE SCHOOL OFFERS THE FOLLOWING DEGREES: BACHELOR OF SCIENCE IN ENGINEERING (BSE), BACHELOR OF APPLIED SCIENCE (BAS), MASTER OF SCIENCE IN ENGINEERING (MSE), MASTER OF BIOTECHNOLOGY (MB), MASTER OF COMPUTER AND INFORMATION TECHNOLOGY (MCIT), MASTER OF INTEGRATED PRODUCT DESIGN (MIPD), AND THE DOCTOR OF PHILOSOPHY (PHD). PENN DENTAL COMMUNITY SERVICE LEARNING IS AN INTEGRAL PART OF THE PENN DENTAL MEDICINE'S (PDM) CURRICULUM. THROUGH PHILANTHROPY AND INSTITUTIONAL RESOURCES, PDM HAS EXPANDED ITS REACH WITHIN THE PHILADELPHIA COMMUNITY WITH THE ADDITION OF A NEW COMMUNITY DENTAL CLINIC, IN PARTNERSHIP WITH PENN MEDICINE, PHMC PUBLIC HEALTH CAMPUS ON CEDAR. PDM CONTINUES TO PROVIDE FULL-TIME, 5-DAY-PER-WEEK COVERAGE WITH DENTAL FACULTY AND STUDENTS AND PROVIDE CARE WITH APPROXIMATELY 6,000 PATIENT VISITS IN THE 2023 ACADEMIC YEAR IN COMMUNITY SETTINGS. PENNSMILES MOBILE DENTAL PROGRAM CONTINUES TO SERVE THE SCHOOL DISTRICT OF PHILADELPHIA, PROVIDING BOTH PREVENTIVE AND RESTORATIVE CARE FOR STUDENTS AT THEIR SCHOOLS THIS ACADEMIC YEAR. PDM PROVIDES MORE THAN $3.6 MILLION IN UNDER AND UNCOMPENSATED CARE TO THE COMMUNITY. WHILE PENN DENTAL MEDICINE (PDM) IS NOT ONE OF THE LARGEST SCHOOLS AT THE UNIVERSITY, ITS LOCAL, NATIONAL, AND GLOBAL IMPACT IS SUBSTANTIAL, AND THE PDM TEAM WORKS DILIGENTLY TO EXECUTE ITS MISSION. PDM HAS AN ENORMOUSLY INNOVATIVE RESEARCH ENTERPRISE, RANKING IN THE TOP THREE AMONG DENTAL SCHOOLS IN EXTRAMURAL FUNDING. THE SCHOOL'S IMPACT IN THE PHILADELPHIA COMMUNITY IS PROFOUND, WITH MORE THAN 30,000 PATIENTS RECEIVING 165,000 TREATMENT VISITS ANNUALLY. THE PENN DENTAL FAMILY PRACTICE (PDFP) IS THE DENTAL CARE HOME FOR MANY PENN EMPLOYEES. PDM OFFERS A DOCTOR OF DENTAL MEDICINE (DMD) DEGREE, NINE GRADUATE DENTAL EDUCATION PROGRAMS, AND FIVE POST-GRADUATE PROGRAMS. -https://www.dental.upenn.edu/ -https://www.dental.upenn.edu/about-us/vision-mission-statements/ -http://www.dental.upenn.edu/research/research_overview -https://mypenndentist.org/ -https://www.dental.upenn.edu/admissions-academics/dmd-program/ -https://www.dental.upenn.edu/admissions-academics/graduate-dental-educati on-programs/ -https://www.dental.upenn.edu/admissions-academics/advanced-degree-program s/ PENN NURSING THE SCHOOL OF NURSING CONTINUES TO ADVANCE AND ELEVATE ITS EDUCATIONAL AND RESEARCH PROGRAMS. PENN NURSING'S EXCELLENCE IN UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS IS EVIDENCED BY ITS 9TH CONSECUTIVE FIRST-PLACE RANKING BY QS WORLD UNIVERSITY RANKINGS AND IN THE TOP THREE RANKED IN THE US NEWS AND WORLD REPORT RANKING OF UNDERGRADUATE PROGRAMS. THE SECOND COHORT OF THE LEONARD A. LAUDER COMMUNITY CARE NURSE PRACTITIONER PROGRAM ENROLLED IN FY 2024, SUPPORTED BY LAUDER'S HISTORIC $125 MILLION GIFT. THIS PROGRAM WILL CONTINUE TO GROW AND REALIZE ITS MISSION TO BE A LEADING FORCE IN THE ADVANCEMENT OF HEALTH. RESEARCH REMAINS A STRENGTH OF THE SCHOOL, AND PENN NURSING IS MAKING SUBSTANTIVE CHANGES IN ITS EDUCATION PROGRAMS, IN PART DUE TO SHIFTING ENROLLMENTS AND NEW ACCREDITATION REQUIREMENTS. -https://www.nursing.upenn.edu/
FORM 990, PART III, LINE 4A & 4B (CONT.) PENN VET THE SCHOOL OF VETERINARY MEDICINE (PENN VET) TRAINS THE NEXT GENERATION OF VETERINARY LEADERS TO ADVANCE HEALTHCARE OUTCOMES AND ACCESS, ENSURE GLOBAL HEALTH, BOLSTER SUSTAINABLE AGRICULTURE, AND CREATE AND SUPPORT INTERDISCIPLINARY CAREER PATHS. AS ONE OF THE MOST ACCESSED AND TRUSTED MEDICAL PROFESSIONS, VETERINARIANS ARE UNIQUELY WELL-POSITIONED TO CONTRIBUTE SOLUTIONS TO SOME OF THE MOST PRESSING CHALLENGES IMPACTING LOCAL, REGIONAL, AND GLOBAL COMMUNITIES TODAY, INCLUDING FOOD SECURITY, BIOSECURITY, BIODIVERSITY, AND HEALTHCARE ACCESS FOR UNDERSERVED AREAS. SINCE HIS ARRIVAL AT PENN VET IN 2018, DR. ANDREW HOFFMAN, THE GILBERT S. KAHN DEAN OF VETERINARY MEDICINE, HAS CREATED A VISION FOR A CULTURE OF INNOVATION WHILE BROADENING PENN VET'S IMPACT ON A GLOBAL SCALE. -HTTPS://WWW.VET.UPENN.EDU/ -HTTPS://WWW.VET.UPENN.EDU/ABOUT/WHO-WE-ARE/OUR-DEAN-OUR-PRIORITIES A DISTINGUISHING FEATURE OF THE VMD PROGRAM IS THE AVAILABILITY OF FIRST-OF-THEIR-KIND DUAL DEGREES WITH PARTNER SCHOOLS ACROSS PENN DESIGNED TO TRAIN GLOBAL PROBLEM-SOLVERS THROUGH INTERDISCIPLINARY AND INTER-PROFESSIONAL MASTER'S AND CERTIFICATE PROGRAMS. VETERINARIANS WITH THESE DUAL CREDENTIALS ARE UNIQUELY POSITIONED TO SUPPORT UNDERSERVED AREAS WITH RESPECT TO HEALTHCARE AND AGRICULTURE. IN FY 2023, THE SCHOOL IMPLEMENTED A NEW COMPETENCY-BASED CURRICULUM DESIGNED TO BETTER PREPARE PENN VET STUDENTS FOR A RAPIDLY CHANGING WORLD. -HTTPS://WWW.VET.UPENN.EDU/EDUCATION/DUAL-DEGREE-PROGRAMS -HTTPS://WWW.VET.UPENN.EDU/EDUCATION/VMD-ADMISSIONS/LIFE-AS-A-PENN-VET- STUDENT/VMD-CURRICULUM PENN VET'S TWO CAMPUSES OFFER STUDENTS LEARNING OPPORTUNITIES AND EXPERIENCES IN VIRTUALLY EVERY ASPECT OF VETERINARY MEDICINE. RYAN HOSPITAL ON THE PHILADELPHIA CAMPUS HANDLES APPROXIMATELY 33,000 COMPANION ANIMAL PATIENT VISITS PER YEAR AND IS ACTIVELY ENGAGED WITH THE LOCAL COMMUNITY THROUGH THE SHELTER MEDICINE AND COMMUNITY ENGAGEMENT PROGRAM. DURING THE LAST SIX YEARS, THIS SPECIAL PROGRAM PROVIDED OVER 40,000 HOURS OF COMMUNITY SERVICE ACROSS THE GREATER PHILADELPHIA AREA AND REACHED OVER 800 MIDDLE AND HIGH SCHOOL STUDENTS THROUGH MULTIPLE PATHWAY INITIATIVES. NEW BOLTON CENTER IN KENNETT SQUARE, PA, SEES APPROXIMATELY 7,000 LARGE ANIMAL PATIENT VISITS ANNUALLY, WITH AN ADDITIONAL 20,000 PATIENTS TREATED PER YEAR AT LOCAL FARMS. PENN VET IS ALSO ENGAGED IN PLANNING FOR THE RIEPE CENTER FOR THE ADVANCEMENT OF VETERINARY EDUCATION AND THE COMMONWEALTH-FUNDED VETERINARY DIAGNOSTIC LABORATORY ON THE NEW BOLTON CENTER CAMPUS. THE SCHOOL'S ROBUST RESEARCH PROGRAM INCLUDES BASIC, TRANSLATIONAL, AND CLINICAL DISCOVERY TO ADDRESS COMPLEX PROBLEMS FACED BY ANIMALS, HUMANS, AND THE PLANET, AND RECEIVES MORE THAN $22 MILLION IN NIH FUNDING ANNUALLY. AREAS OF STUDY INCLUDE CANCER, IMMUNOLOGY, INFECTIOUS DISEASE, REGENERATIVE MEDICINE, AND AGRICULTURAL SUSTAINABILITY. PENN VET FOLLOWED THE FY 2022 LAUNCH OF THE INSTITUTE FOR INFECTIOUS AND ZOONOTIC DISEASES WITH THE FY 2023 LAUNCH OF THE CENTER FOR STEWARDSHIP AGRICULTURE AND FOOD SECURITY TO BUILD UPON ITS EXPERTISE IN REGENERATIVE AGRICULTURE, ANIMAL WELFARE, FOOD SECURITY, AND THE SCHOOL'S COMMITMENT TO REDUCE NET CARBON EMISSIONS. -HTTPS://WWW.VET.UPENN.EDU/VETERINARY-HOSPITALS/RYAN-VETERINARY-HOSPITAL -HTTPS://WWW.VET.UPENN.EDU/RESEARCH/CENTERS-LABORATORIES/RESEARCH- INITIATIVES/SHELTER-MEDICINE -HTTPS://WWW.VET.UPENN.EDU/VETERINARY-HOSPITALS/NBC-HOSPITAL -HTTPS://WWW.VET.UPENN.EDU/RESEARCH/RESEARCH-CENTERS-AND-INSTITUTE/ INSTITUTE-FOR-INFECTIOUS-AND-ZOONOTIC-DISEASES/RESEARCH-FUNDING/ -HTTPS://WWW.VET.UPENN.EDU/RESEARCH/RESEARCH-CENTERS-AND-INSTITUTE/CENTER- FOR-STEWARDSHIP-AGRICULTURE-AND-FOOD-SECURITY SCHOOL OF ARTS AND SCIENCES THE SCHOOL OF ARTS AND SCIENCES (SAS) IS THE INTELLECTUAL CORE OF THE UNIVERSITY, PROVIDING LIBERAL ARTS EDUCATION FOR ALL PENN UNDERGRADUATES AND SUPPORTING GRADUATE STUDIES, BASIC RESEARCH, AND LIFELONG LEARNING ACROSS THE HUMANITIES, SOCIAL SCIENCES, AND NATURAL SCIENCES. THE SCHOOL'S EDUCATIONAL AND RESEARCH ACTIVITIES TAKE PLACE IN 27 DEPARTMENTS, 24 INTERDISCIPLINARY UNDERGRADUATE PROGRAMS, 31 GRADUATE GROUPS, AND 28 RESEARCH CENTERS, IN PROGRAMS LEADING TO THE BA, BAAS, AM, MS, PHD, AND EIGHT PROFESSIONAL MASTER'S DEGREES. THE SCHOOL'S MAJOR EDUCATIONAL UNITS ARE THE UNDERGRADUATE COLLEGE, THE GRADUATE DIVISION, AND THE COLLEGE OF LIBERAL AND PROFESSIONAL STUDIES (LPS). -HTTPS://WWW.SAS.UPENN.EDU/ -HTTPS://WWW.COLLEGE.UPENN.EDU/ -HTTPS://WWW.SAS.UPENN.EDU/GRADUATE-DIVISION -HTTPS://WWW.LPS.UPENN.EDU/ OUR FOUNDATIONS AND FRONTIERS: A STRATEGIC PLAN FOR PENN ARTS AND SCIENCES CONTINUES TO GUIDE PROGRAMMATIC PRIORITIES AND INVESTMENTS THAT STRENGTHEN A FOUNDATIONAL CORE OF FACULTY AND STUDENTS AND ADVANCE INTEGRATED KNOWLEDGE THROUGH A SERIES OF EIGHT ACADEMIC THEMES. -HTTPS://STRATEGIC-PLAN.SAS.UPENN.EDU/ WEITZMAN SCHOOL OF DESIGN THE STUART WEITZMAN SCHOOL OF DESIGN CURRENTLY PROVIDES GRADUATE EDUCATION TO MASTER'S STUDENTS IN ARCHITECTURE, CITY AND REGIONAL PLANNING, FINE ARTS, HISTORIC PRESERVATION, LANDSCAPE ARCHITECTURE, AND URBAN SPATIAL ANALYTICS, AS WELL AS PHD STUDENTS IN ARCHITECTURE AND CITY AND REGIONAL PLANNING. THE SCHOOL ALSO TEACHES COURSES LEADING TO A BA, WITH A MAJOR IN ARCHITECTURE, FINE ARTS, OR DESIGN FROM SAS OR A MINOR IN LANDSCAPE STUDIES. -HTTPS://WWW.DESIGN.UPENN.EDU/ WHARTON BUSINESS SCHOOL THE WHARTON WAY REPRESENTS THE WHARTON SCHOOL'S STRATEGIC PLAN GUIDING THE SCHOOL TOWARDS GREATER INFLUENCE, INNOVATION, AND ENGAGEMENT. FROM WHARTON'S GENESIS, THE SCHOOL HAS BEEN GROUNDED IN IDEALS THAT GUIDE SHARED EFFORTS. THE WHARTON WAY CONTINUES THESE IDEALS, REFERENCING THEM AS FOUNDATIONAL PRINCIPLES UNDERSCORING THE SCHOOL'S MANY ENDEAVORS. WHARTON HONORS ITS ANALYTICAL ROOTS BY APPLYING A DATA-INFORMED PERSPECTIVE TO IDENTIFY UNDERLYING CAUSES AND POSSIBLE ANSWERS TO PRESSING QUESTIONS. THE SCHOOL LEVERAGES THE BREADTH AND DEPTH OF ITS KNOWLEDGE TO REIMAGINE POSSIBILITIES OF A LOCAL NATURE, THEN GOES FURTHER BY SCALING SOLUTIONS FOR ENTITIES AND COMMUNITIES FAR BEYOND CAMPUS. WHARTON LEANS INTO ITS REPUTATION AS A LEADING GLOBAL INSTITUTION TO UNITE DIFFERENT PERSPECTIVES TO CHAMPION IMPACTFUL OUTCOMES AND FAR-REACHING CHANGE. WHARTON STRIVES TO ELEVATE THE IMPACT OF ITS RESEARCH, INNOVATE THROUGH ITS PEDAGOGY, AND COLLABORATE ACROSS DISCIPLINES AND DIVIDES. -HTTPS://WWW.WHARTON.UPENN.EDU/THE-WHARTON-WAY/ -HTTPS://WWW.WHARTON.UPENN.EDU/ CAREY LAW SCHOOL AT THE UNIVERSITY OF PENNSYLVANIA CAREY LAW SCHOOL, EACH STUDENT COMMITS TO PROVIDING AT LEAST 70 HOURS OF PRO BONO LEGAL SERVICE AS PART OF THEIR EDUCATION. OVER 92% OF THE LAW SCHOOL'S GRADUATES EXCEED THE 70-HOUR PRO BONO REQUIREMENT. THE TOLL PUBLIC INTEREST CENTER (TPIC), THROUGH WHICH PENN CAREY LAW STUDENTS COMPLETE THEIR REQUIRED PRO BONO SERVICE, CONTINUES TO BUILD DEEP AND ABIDING PARTNERSHIPS WHICH ADVANCE THE CAPACITY OF PUBLIC INTEREST ADVOCACY IN PHILADELPHIA AND NATIONWIDE. THIS DISTINCTIVE PRO BONO PROGRAM RESPONDED ACTIVELY TO PANDEMIC CONDITIONS, BRINGING LEGAL SERVICES TO HUNDREDS OF COMMUNITY MEMBERS. SOME IMPACT HIGHLIGHTS FROM THIS WORK: TWENTY-SIX CUSTODY AND PROTECTION PROJECT STUDENT ADVOCATES PROVIDED ASSISTANCE TO OVER 300 PRO SE INDIVIDUALS WITH CUSTODY AND PROTECTION FROM ABUSE MATTERS IN PHILADELPHIA FAMILY COURT THIS YEAR. THESE ADVOCATES ALSO PROVIDED EXTENSIVE SERVICES FOR OVER 70 CLIENTS, DRAFTING CUSTOM MOTIONS, ACCESSING RECORDS, AND PREPARING EXHIBITS FOR COURT. CERTIFIED LEGAL INTERNS FROM THE PROJECT REPRESENTED SIX CLIENTS BEFORE THE PHILADELPHIA FAMILY COURT. TWENTY-FIVE STUDENT ADVOCATES FROM THE EMPLOYMENT ADVOCACY PROJECT REPRESENTED PHILADELPHIA WORKERS AT ADMINISTRATIVE HEARINGS CHALLENGING THE DENIAL OF UNEMPLOYMENT BENEFITS. EAP'S ADVOCATES HELPED RECOVER A TOTAL OF $230,000 IN BENEFITS FOR 19 CLIENTS. THE FINANCIAL LITERACY PROJECT ASSISTED WITH TAX RETURNS FOR LOW-INCOME PHILADELPHIANS THIS YEAR, HELPING ALMOST 150 INDIVIDUALS FILE THEIR TAX RETURNS AT SITES AROUND THE CITY.
FORM 990, PART III, LINE 4A & 4B (CONT.) DIRECT PARTNERSHIPS: IN ADDITION TO OUR 24 INTERNAL PRO BONO PROJECTS, TPIC HAS DIRECT PRO BONO PARTNERSHIPS WITH MANY KEY COMMUNITY ORGANIZATIONS. FOR EXAMPLE, THROUGH EXPUNGEMENT CLINICS, LAW STUDENTS ASSISTED 5 CLIENTS TO DETERMINE IF THEY WERE ELIGIBLE FOR A CRIMINAL RECORD EXPUNGEMENT. THROUGH A PARTNERSHIP WITH CEIBA AND CAMPAIGN FOR WORKING FAMILIES, STUDENTS ASSISTED 62 CLIENTS IN PREPARING TAX RETURNS. 10 CLIENTS RECEIVED ASSISTANCE IN SEEKING A BIRTH CERTIFICATE THROUGH THE LEGAL CLINIC FOR THE DISABLED AND STUDENTS ASSISTED 7 CLIENTS IN UTILITY CLINICS BY ENGAGING IN ADVOCACY TO LOWER MONTHLY UTILITY BILLS AND ENROLL CLIENTS IN ELIGIBLE PROGRAMS IN PHILADELPHIA. STUDENTS ASSISTED 28 CLIENTS ON A VARIETY OF LEGAL MATTERS THROUGH A PARTNERSHIP WITH THE CHRISTIAN LEGAL CLINICS OF PHILADELPHIA. SCHOOL OF SOCIAL POLICY AND PRACTICE THE SCHOOL OF SOCIAL POLICY AND PRACTICE (SSPP) CONTRIBUTES TO THE ADVANCEMENT OF MORE EFFECTIVE, EFFICIENT, AND HUMANE SOCIAL SERVICES THROUGH EDUCATION, RESEARCH, AND COMMUNITY ENGAGEMENT. IN PURSUIT OF THIS MISSION, THEORY- AND PRACTICE-BASED MASTER'S AND DOCTORAL PROGRAMS IN SOCIAL WORK, SOCIAL WELFARE, NONPROFIT LEADERSHIP, AND SOCIAL POLICY ENCOURAGE STUDENTS TO THINK AND WORK ACROSS DISCIPLINARY LINES AS WELL AS ACROSS NATIONAL AND INTERNATIONAL BOUNDARIES AND CULTURES. THE PURSUIT OF SOCIAL IMPACT IS AT THE HEART OF THE SCHOOL'S KNOWLEDGE-BUILDING ACTIVITIES. INNOVATIVE EDUCATIONAL AND RESEARCH PROGRAMS REINFORCE THE SCHOOL'S VISION OF ACTIVE STUDENT ENGAGEMENT IN LEARNING AND IN COLLABORATION WITH SOCIAL AGENCIES ORGANIZED AT THE LOCAL, NATIONAL, AND GLOBAL LEVELS. -https://sp2.upenn.edu/ SSPP FACULTY MEMBERS ADDRESS ISSUES OF INCOME INSECURITY, HOMELESSNESS, NONPROFIT LEADERSHIP, ENVIRONMENTAL EQUALITY, EQUITABLE ACCESS TO TECHNOLOGY, INTERPERSONAL VIOLENCE, PHILANTHROPY, AND MORE. STUDENTS ARE EDUCATED IN FIVE DEGREE PROGRAMS: A MASTER OF SOCIAL WORK (MSW), A MASTER OF SCIENCE IN NONPROFIT LEADERSHIP (NPL), A MASTER OF SCIENCE IN SOCIAL POLICY (MSSP), A PHD IN SOCIAL WELFARE, AND A DOCTORATE IN CLINICAL SOCIAL WORK (DSW). THE NPL AND DSW DEGREES HAVE WELL-ESTABLISHED ONLINE PROGRAM OPTIONS. MASTER'S DEGREES CAN BE EARNED AS DUAL DEGREES WITHIN SSPP AS WELL AS THROUGH COLLABORATIONS WITH PERELMAN SCHOOL OF MEDICINE, PENN CAREY LAW, GRADUATE SCHOOL OF EDUCATION, SAS, WEITZMAN SCHOOL OF DESIGN, AND SCHOOL OF VETERINARY MEDICINE. STUDENTS CAN ALSO PURSUE SPECIALIZED CERTIFICATE PROGRAMS WITHIN SSPP IN COLLABORATION WITH OTHER PENN SCHOOLS, AS WELL AS THROUGH PARTNERSHIPS WITH LOCAL AND GLOBALLY BASED INSTITUTIONS. -https://sp2.upenn.edu/program/master-of-social-work/ -https://sp2.upenn.edu/program/master-of-science-in-nonprofit-leadership/ -https://sp2.upenn.edu/program/master-of-science-in-social-policy/ -https://sp2.upenn.edu/program/phd-in-social-welfare/ -https://sp2.upenn.edu/program/doctorate-in-clinical-social-work/ -https://sp2.upenn.edu/dual-degree-programs/ -https://sp2.upenn.edu/certificate-programs-and-specializations/ ANNENBERG SCHOOL FOR COMMUNICATION THE ANNENBERG SCHOOL FOR COMMUNICATION IS THE SMALLEST OF THE 12 SCHOOLS AT PENN. HOWEVER, THE SCHOOL'S REACH AND IMPACT EXTEND FAR BEYOND THE SIZE OF ITS CAMPUS FOOTPRINT. INTERDISCIPLINARITY, ACCESSIBILITY, AND COLLABORATION ARE AMONG ASC'S CORE INSTITUTIONAL VALUES, AND THESE CAN BE SEEN AND FELT IN THE WAYS ITS FACULTY AND PHD STUDENTS THINK, WORK, LEARN, AND DISSEMINATE KNOWLEDGE. -https://www.asc.upenn.edu/ -https://www.asc.upenn.edu/people/faculty?type=10 -https://www.asc.upenn.edu/people/graduate-student PENN ATHLETICS THE DIVISION OF RECREATION AND INTERCOLLEGIATE ATHLETICS (DRIA) IS A BROAD-BASED DIVISION COMPRISED OF 33 VARSITY INTERCOLLEGIATE TEAMS, 37 CLUB SPORT TEAMS, AND EXPANSIVE INTRAMURAL SPORT AND CAMPUS RECREATION PROGRAMS, ALL TAKING PLACE WITHIN 22 ATHLETICS AND RECREATIONAL FACILITIES. STUDENTS, FACULTY AND STAFF ARE ALSO SERVED THROUGH MEMBERSHIP-BASED ACCESS TO THE POTTRUCK HEALTH AND FITNESS CENTER AND THE FOX FITNESS CENTER-WHICH COMBINED PROVIDE MORE THAN 125,000 SQUARE FEET OF SPACE FOR RECREATIONAL USE-AND ACCESS TO A VARIETY OF SHARED FACILITIES. THE FACILITIES ARE CONTAINED WITHIN A CONTIGUOUS 24-ACRE FOOTPRINT AT THE EASTERN END OF CAMPUS AND COMMONLY THOUGHT TO BE ONE OF THE BEST ATHLETICS INFRASTRUCTURES AMONG URBAN CAMPUSES, WITH ASSETS SUCH AS FRANKLIN FIELD, THE PALESTRA, PENN PARK AND THE OTT CENTER FOR TRACK & FIELD. THE DIVISION ALSO HOSTS THE PENN RELAYS EACH APRIL, WHICH DRAWS MORE THAN 20,000 COMPETITORS AND 100,000 SPECTATORS ANNUALLY TO FRANKLIN FIELD. PENN INTERCOLLEGIATE PROGRAMS HAD A MEMORABLE 2023-2024 ACADEMIC YEAR, HIGHLIGHTED BY A TEAM NATIONAL CHAMPIONSHIP BY MEN'S SQUASH AND AN INDIVIDUAL NATIONAL CHAMPIONSHIP IN MEN'S FENCING. SIX TEAMS WON REGULAR SEASON CHAMPIONSHIPS: MEN'S SOCCER, WOMEN'S FENCING, MEN'S SQUASH, WOMEN'S GYMNASTICS, WOMEN'S INDOOR TRACK AND FIELD, AND WOMEN'S OUTDOOR TRACK AND FIELD. WOMEN'S LACROSSE ADVANCED TO THE NCAA QUARTERFINALS, FENCING FINISHED EIGHTH AT THE NCAA CHAMPIONSHIPS, AND MEN'S SWIMMER MATT FALLON FINISHED SECOND IN THE 200 BREASTSTROKE AT THE NCAAS. BASEBALL WON THE IVY LEAGUE TOURNAMENT FOR THE SECOND STRAIGHT YEAR AND ADVANCED TO THE NCAA CHAMPIONSHIP, WHILE WOMEN'S ROWING EARNED ITS THIRD STRAIGHT AT-LARGE BID TO THE NCAAS. MEN'S LIGHTWEIGHT ROWING WON THE OVERALL POINTS TITLE AT THE EASTERN SPRINTS FOR THE SECOND TIME IN PROGRAM HISTORY. PENN FINISHED 52ND OUT OF MORE THAN 350 DIVISION I PROGRAMS IN THE LEARFIELD DIRECTOR'S CUP STANDINGS, WHICH MEASURES BROAD-BASED ATHLETIC SUCCESS, SETTING A NEW SCHOOL RECORD. CAMPUS RECREATION CONTINUES TO SERVE THE FITNESS AND WELLNESS NEEDS OF THE UNIVERSITY COMMUNITY AT THE POTTRUCK AND FOX FITNESS CENTERS, AND STUDENTS ARE ACTIVE THROUGH CLUB AND INTRAMURAL SPORTS. THROUGH A PARTNERSHIP WITH THE NETTER CENTER, THE YOUNG QUAKERS COMMUNITY ATHLETICS PROGRAM IS POSITIVELY IMPACTING LOCAL YOUTH IN COLLABORATION WITH THE LACROSSE, TRACK & FIELD AND BASKETBALL TEAMS. IN ADDITION TO YOUNG QUAKERS, PENN ATHLETICS IS INVOLVED IN THE COMMUNITY THROUGH ORGANIZATIONS LIKE TEAM IMPACT AND BEAT THE STREETS. THROUGH A PARTNERSHIP WITH THE WHARTON SCHOOL, THE PENN ATHLETICS WHARTON LEADERSHIP ACADEMY PROVIDES LEADERSHIP EDUCATION AND TRAINING TO STUDENT-ATHLETES AND COACHES. PENN LIBRARIES THE PENN LIBRARIES' STRATEGIC PLAN 2020-2025 OUTLINES FOUR HIGH-LEVEL PRIORITIES THAT HAVE IMBUED THE CORE WORK OF THE LIBRARIES: ADVANCE INFORMATION ACCESS, EXPAND GLOBAL IMPACT, PRESERVE THE SCHOLARLY AND CULTURAL RECORD, AND ENRICH THE ORGANIZATION'S CAPACITY. IMPLEMENTATION OF THE STRATEGIC PLAN HAS YIELDED POSITIVE RESULTS ACROSS BOTH PUBLIC-FACING SERVICES AND THE INNOVATIVE TECHNOLOGY THAT POWERS AN INCREASING ARRAY OF SYSTEMS, WHICH TOGETHER CREATE SEAMLESS ACCESS TO THE INFORMATION RESOURCES THE LIBRARIES COLLECT, DESCRIBE, PRESERVE, AND DELIVER TO THE PENN COMMUNITY AND BEYOND. -https://www.library.upenn.edu/about/strategic-plan
FORM 990, PART III, LINE 4A & 4B (CONT.) THE PENN LIBRARIES CONTINUES TO ENHANCE ACCESS TO COLLECTIONS. RETRIEVAL OF COLLECTIONS HAS BEEN SIMPLIFIED WITHIN THE LIBRARIES' INFORMATION INFRASTRUCTURE, LOWERING BARRIERS TO ACCESS. USAGE OF EBOOKS HAS INCREASED 18% SINCE 2020 WITH THE ADDITION OF 241,000 EBOOK VOLUMES TO COLLECTIONS. INVESTMENTS IN DIGITIZATION ARE MAKING PENN COLLECTIONS AVAILABLE WORLDWIDE. THE PENN LIBRARIES CONTINUES TO NEGOTIATE WITH PUBLISHERS FOR INNOVATIVE OPEN ACCESS AGREEMENTS THAT PROVIDE PENN RESEARCHERS WITH GREATER REACH FOR THEIR PUBLISHED JOURNAL ARTICLES, A MOVE MADE MORE CRITICAL AS THE FEDERAL GOVERNMENT LOOKS TO REQUIRE THAT FEDERALLY-FUNDED RESEARCH RESULTS BE MADE AVAILABLE FREE OF CHARGE IMMEDIATELY UPON GRANT COMPLETION. -https://www.library.upenn.edu/news/penn-libraries-and-sage THE PENN LIBRARIES CONTINUES TO EXPAND STAFF EXPERTISE. NEW STAFF POSITIONS CONTRIBUTE TO MAKING DISCOVERABLE AND AVAILABLE "HIDDEN COLLECTIONS" THAT WERE PREVIOUSLY NOT CATALOGUED. POSITIONS IN AREAS SUCH AS AFRICANA STUDIES, DATA SCIENCE, AND MEDICAL RESEARCH FOCUS ON EMERGING AREAS OF SCHOLARSHIP AND RESEARCH. AN INAUGURAL CURATOR FOR THE BARBARA BATES CENTER FOR THE STUDY OF THE HISTORY OF NURSING IS BEING RECRUITED THROUGH A PARTNERSHIP WITH PENN NURSING, ENSURING LONG-TERM PRESERVATION, ACCESS, AND USE OF THAT UNIQUE COLLECTION. -https://www.library.upenn.edu/staff/samantha-dodd THE PENN LIBRARIES HAS EXPANDED THE PENN COMMUNITY'S ACCESS TO TOOLS THAT SUPPORT THE RESEARCH WORKFLOW. THESE TOOLS INCLUDE SOFTWARE PLATFORMS THAT FACILITATE COLLABORATION AND MAKE RESEARCH MORE EFFICIENT AND IMPACTFUL. SUBSCRIPTIONS ALSO INCLUDE POINT-OF-CARE TOOLS UTILIZED IN CLINICAL SETTINGS TO ASSIST WITH DIAGNOSIS AND TREATMENT. PENN LIBRARIES STAFF WORK BOTH IN AND OUT OF THE CLASSROOM TO SUPPORT THE STUDENT AND FACULTY EXPERIENCE. SPECIAL COLLECTIONS LIBRARIANS BRING RARE MATERIALS INTO CLASSROOM SETTINGS. LIBRARIANS THAT SUPPORT SPECIFIC DISCIPLINES TEACH COURSES AND WORK CLOSELY WITH FACULTY TO ENHANCE THEIR RESEARCH AND SCHOLARSHIP. REGULAR WORKSHOPS INTRODUCE FACULTY AND STUDENTS TO LIBRARY-SUPPORTED RESEARCH AND DATA ANALYSIS TOOLS AS WELL AS PUBLICATION GUIDANCE AND WRITING ETHICS. THE CREATION OF THE CENTER FOR GLOBAL COLLECTIONS LAST SUMMER, WHICH BUILDS ON THE PENN LIBRARIES AREA STUDIES COLLECTIONS, WILL DISTINGUISH THE PENN LIBRARIES AS AN INTERNATIONAL DESTINATION FOR THE STUDY OF CULTURES AND SOCIETIES AROUND THE WORLD. -https://penntoday.upenn.edu/news/Celebrating-Shakespeare-First-Folio-Penn -Libraries -https://www.library.upenn.edu/rdds -https://guides.library.upenn.edu/authors -https://www.library.upenn.edu/global-collections STAFF INVESTMENTS IN DIGITAL PRESERVATION AND BORN-DIGITAL ARCHIVING SUPPORT THE SHIFT FROM PHYSICAL TO ELECTRONIC COLLECTIONS. BUILDING ON THE NEARLY THREE-DECADE SUCCESS OF THE SCHOENBERG CENTER FOR ELECTRONIC TEXT AND IMAGE (SCETI), THE PENN LIBRARIES CONTINUES TO DIGITIZE PHYSICAL COLLECTIONS WHILE ALSO BEGINNING TO INTEGRATE COLLECTIONS THAT EXIST ONLY IN ELECTRONIC FORM. -https://www.library.upenn.edu/sceti PENN'S CULTURAL INSTITUTIONS ALSO SERVE THE COMMUNITY THROUGH THEIR WIDE-RANGING ENRICHMENT AND EDUCATION INITIATIVES. THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY THE PENN MUSEUM CONTINUED TO SUCCESSFULLY ENGAGE A LARGE NUMBER OF VISITORS BOTH ONLINE AND IN-PERSON. THE MUSEUM'S K12 PROGRAMS, INCLUDING THE SIGNATURE UNPACKING THE PAST PROGRAM FOR PHILADELPHIA'S PUBLIC SCHOOLS, OFFERED CURRICULUM-BASED PROGRAMS IN ANCIENT HISTORY TO APPROXIMATELY 55,000 STUDENTS FROM 100 DIFFERENT SCHOOLS. MANY OF THESE SCHOOLS WERE TITLE I, WITH LIMITED RESOURCES WHO WERE SERVED AT NO COST TO THEM. IN ADDITION, THE MUSEUM'S VIRTUAL PROGRAMS ALLOWED LEARNERS OF ALL AGES TO PARTICIPATE ONLINE SERVING OVER 4,000 ADDITIONAL STUDENTS LEARNING FROM THEIR LOCATIONS AROUND THE US AND CANADA. THE MUSEUM LAUNCHED A NEW K12 PROGRAM CALLED GLOBAL LEARNING LAB INTENDED TO BUILD STUDENTS GLOBAL COMPETENCIES BY LOOKING CLOSELY AT OBJECTS FROM DIFFERENT CULTURES. THE MUSEUM SERVED AN ADDITIONAL 20,000 K12 SCHOOL STUDENTS LAST YEAR FROM LOCAL SCHOOLS IN THE TRI-STATE AREA. THROUGH PUBLIC ENGAGEMENT PROGRAMS, PENN MUSEUM ENGAGES APPROXIMATELY 10,000 VISITORS ANNUALLY WITH PROGRAMS ABOUT CULTURES AROUND THE WORLD THROUGH HANDS-ON LEARNING EXPERIENCES, DANCE, MUSIC, AND LECTURE PROGRAMS. THE MUSEUM'S SUMMER CAMP PROGRAM SERVES 500 5-13-YEAR-OLDS IN 8 WEEKS OF ACTIVITIES AND INCLUDES SCHOLARSHIPS FOR PHILADELPHIA FAMILIES. -https://www.penn.museum/learn/k12/unpacking-the-past INSTITUTE OF CONTEMPORARY ART THE INSTITUTE OF CONTEMPORARY ART (ICA) IS A GLOBAL HUB FOR CONTEMPORARY ART AND IDEAS. FREE AND OPEN TO ALL, ICA IS DEDICATED TO SUPPORTING ARTISTIC PRACTICES ACROSS DISCIPLINES AND TO SERVING AS A LABORATORY FOR RISK-TAKING, COMMUNITY-BUILDING, AND KNOWLEDGE-CREATION. SINCE 1963, ICA HAS CHAMPIONED THE UNIVERSITY'S COMMITMENT TO CULTIVATING THE NEXT GENERATION OF IMAGINATIVE CREATORS AND THINKERS. THROUGH COMMISSIONS, EXHIBITIONS, PROGRAMS, PUBLICATIONS, AND SPECIAL PROJECTS, ICA FOSTERS BOLD EXPERIMENTATION, CURIOSITY, AND DISCOVERY. -https://icaphila.org/ FOLLOWING A ROBUST STRATEGIC VISIONING PROCESS, ICA HAS REFINED ITS MISSION AS A LAUNCHPAD FOR CONTEMPORARY ART AND IDEAS. THE INSTITUTE IS COMMITTED TO COLLABORATION, EXPERIMENTATION, AND LEARNING AS CORE GUIDING VALUES, AND TO REEXAMINING THE BEST WAYS TO SERVE AUDIENCES AS ICA EMBARKS UPON A NEW MILESTONE-ITS 60TH ANNIVERSARY. THROUGH THIS PROCESS, ICA'S STAFF HAS COME TOGETHER AND IS DIRECTING ITS ENERGIES TOWARD CREATING A STRATEGIC DIRECTION FOR ICA FOR THE NEXT ONE TO FIVE YEARS. FY 2025 WILL BE A PLANNING PERIOD IN WHICH ICA WILL SET PROGRAMMATIC, FINANCIAL, PERSONNEL, AND NEW PROJECT GOALS AROUND THREE KEY PRIORITIES: - DEEPEN ICA AS A LAUNCHPAD FOR CONTEMPORARY ART AND IDEAS. - EXPAND LEARNING AND NEW CONNECTIONS WITH ART AND IDEAS. - STRENGTHEN AND SUPPORT A SUSTAINABLE INFRASTRUCTURE AND FUTURE FOR ICA. THE STRATEGIC DIRECTION WILL ENABLE ICA TO FOCUS ITS EFFORTS AND REALIZE ITS MISSION TO CREATE TRANSFORMATIVE EXPERIENCES WITH ART ACROSS DISCIPLINES AND ENCOURAGE BOLD EXPERIMENTATION, DEEP CONNECTION, AND BOUNDLESS CURIOSITY AMONG ARTISTS AND AUDIENCES ALIKE. PROGRAMMATIC INITIATIVES DURING FY 2024, ICA PRESENTED FIVE CRITICALLY-ACCLAIMED EXHIBITIONS, PRODUCED ONE EXHIBITION CATALOGUE, AND HELD 40 FREE PUBLIC PROGRAMS, 17 OF WHICH WERE INITIATED BY PENN STUDENTS AND FACULTY. ICA PARTNERED WITH THE OFFICE OF NEW STUDENT ORIENTATION AND ACADEMIC INITIATIVES TO WELCOME FAMILIES IN THE PENN FIRST PLUS PROGRAM AHEAD OF THE SCHOOL YEAR. ICA ALSO CONTINUED ITS PARTNERSHIP WITH WEITZMAN SCHOOL OF DESIGN TO HOST FOUR SESSIONS OF THEIR ARTIST LECTURE SERIES, THIS YEAR HIGHLIGHTING ARTISTS THAT HAVE A HISTORY OF EXHIBITING AT ICA. EVENTS LIKE THE FAMILY PHOTO DAY IN CELEBRATION OF DAVID ANTONIO CRUZ: WHEN THE CHILDREN COME HOME CONTINUED ICA'S TRADITION OF FREE FOR ALL EVENTS IN INVITING A UNIQUE CROSS-SECTION OF THE GENERAL PUBLIC TO ACTIVELY ENGAGE WITH THE IDEAS IN ICA'S SHOWS. OPENING CELEBRATIONS CONTINUE TO BE POPULAR WITH BOTH ON AND OFF CAMPUS PARTICIPANTS, AND WELCOME OVER 500 GUESTS TO CAMPUS. ACCELERATING INTERDISCIPLINARY PURSUITS: ICA FOSTERS DIALOGUE ACROSS DISCIPLINES WITH EXHIBITIONS AND PROGRAMS TOUCHING UPON AREAS SUCH AS HISTORY, POLITICS, SOCIAL ISSUES, BIOLOGY, AND MORE. IN FALL 2024, ICA WILL LAUNCH FIELD NOTES, A NEW RESEARCH AND COMMISSIONING PLATFORM CENTERED ON FURTHERING ICA'S MISSION. THE PLATFORM TAKES ADVANTAGE OF ICA'S POSITION WITHIN THE UNIVERSITY, THE CITY OF PHILADELPHIA, AND THE BROADLY DEFINED WORLD OF CONTEMPORARY ART. FIELD NOTES SUPPORTS ICA'S ROLE AS A CONVENER AND SPACE OF SUPPORTIVE COLLABORATION, INSPIRING DISCOVERY THROUGH BOUNDARY-BREAKING RESEARCH AND COMMISSIONS. THE PROGRAM IS DESIGNED TO PROVIDE OPPORTUNITIES FOR SUPPORTING NEW THINKING AND EXPLORATION ON ISSUES RELATED TO ART AND SOCIETY. LEADING ON CHALLENGES OF OUR TIME: ICA IS COMMITTED TO ADVANCING SUSTAINABILITY IN VARIOUS FACETS OF ITS OPERATIONS, SUCH AS REDUCING PRINTED MATERIALS, PARTNERING WITH WASTE DISPOSAL COMPANIES FOCUSED ON RECYCLING, AND PURCHASING GREEN MATERIALS FOR EXHIBITIONS AND THE OFFICE. ICA ACTIVELY PROMOTES VIRTUAL PLATFORMS MINIMIZING CARBON FOOTPRINTS ASSOCIATED WITH PHYSICAL TRAVEL. THROUGH INNOVATIVE INITIATIVES LIKE REPURPOSING EXHIBITION WALL MATERIALS AND IMPLEMENTING A SUSTAINABLE WALL BUILDING SYSTEM, ICA STRIVES TO MINIMIZE WASTE AND ENVIRONMENTAL IMPACT. THESE EFFORTS REFLECT DEDICATION TO FOSTERING A GREENER, MORE ENVIRONMENTALLY CONSCIOUS FUTURE FOR THE ARTS.
FORM 990, PART III, LINE 4A & 4B (CONT.) EXPANDING OPPORTUNITY AND STRENGTHENING COMMUNITY: ICA'S PROGRAMS TAKE AUDIENCES INTO CONSIDERATION FROM THE OUTSET AND THE STRATEGIC VISIONING PROCESS HAS HELPED ICA GET MORE SPECIFIC ABOUT THE COMMUNITIES IT AIMS TO SERVE ACROSS CAMPUS, THE CITY OF PHILADELPHIA, AND THE GLOBAL ART WORLD. CURRENTLY, ICA HAS DEEPENED ITS COMMITMENT TO ENSURING THAT PROGRAMS ARE ACCESSIBLE TO ALL VISITORS THROUGH A VARIETY OF INITIATIVES IN PARTNERSHIP WITH INDUSTRY LEADERS ACROSS SECTORS. THESE INITIATIVES INCLUDE CAPTIONING FOR ALL ONSITE CONTENT USING ACCESSKIT, LIVE TRANSCRIPTION OF EVENTS THROUGH 3PLAY MEDIA SERVICES, AND ENGAGING AMERICAN SIGN LANGUAGE INTERPRETERS THROUGH HANDSUP. TRANSCRIPTION OF EVENTS THROUGH 3PLAY MEDIA SERVICES, AND ENGAGING AMERICAN SIGN LANGUAGE INTERPRETERS THROUGH HANDSUP. FOSTERING LEADERSHIP AND SERVICE: ICA OFFERS YEAR-ROUND OPPORTUNITIES FOR PENN STUDENTS, LOCAL ARTISTS, AND ARTS PRACTITIONERS TO GAIN VALUABLE MUSEUM EXPERIENCE WHILE ENGAGING WITH THE PHILADELPHIA ARTS COMMUNITY AT-LARGE. ICA'S STUDENT INITIATIVES OFFER THEM THE OPPORTUNITY TO LEARN ABOUT AND INTERACT WITH NEW, EXCITING IDEAS WHILE GAINING PROFESSIONAL EXPERIENCE OF WORKING AT AN ARTS CENTER AND A DEEPER UNDERSTANDING OF HOW ICA SUPPORTS UNDERRECOGNIZED ARTISTS FROM AROUND THE WORLD. ICA'S STUDENT BOARD (ICASB) IS COMPRISED OF 45 MEMBERS FROM ACROSS DISCIPLINES, AND ICA'S TEAM ENGAGES ICASB THROUGH MONTHLY MEET-UPS, STRUCTURED RESEARCH PROJECTS THAT INFORM STUDENT-LED PROGRAMS SUCH AS ART UNPHILTERED, AFTER DARK, AND AN ANNUAL STUDENT WEEK SLATE OF PROGRAMS. THIS YEAR, ICA'S GALLERY AMBASSADOR PROGRAM HAS GROWN TO INCLUDE ARTISTS AND ARTS PRACTITIONERS IN ADDITION TO PENN'S MFA AND MA STUDENTS. THE PROGRAM IS AN OPPORTUNITY TO LEARN THE INDUSTRY'S BEST PRACTICES AND ENGAGE IN MEANINGFUL DIALOGUE WITH ICA VISITORS WHILE ENHANCING PARTICIPANTS' OWN CREATIVE AND TEACHING PRACTICES. IN ADDITION, ICA IS COMMITTED TO STAFF PROFESSIONAL DEVELOPMENT AND HAS SET ASIDE FUNDING EACH YEAR TO SUPPORT THE PROFESSIONAL GROWTH OF ITS TEAM. -https://icaphila.org/students/ -https://icaphila.org/uncategorized/icas-student-board-presents-art- unphiltered/ PENN LIVE ARTS! PENN LIVE ARTS, HEADQUARTERED AT THE ANNENBERG CENTER, SERVES PENN AND THE WEST PHILADELPHIA COMMUNITY THROUGH SPECIAL CAMPUS-BASED AND COMMUNITY-FOCUSED TICKETING PROGRAMS, ALLOWING PENN FIRST PLUS STUDENTS AND LOWER-INCOME RESIDENTS TO ATTEND WORLD-CLASS PERFORMANCES AT A FRACTION OF THEIR COST. PENN LIVE ARTS HAS CONTINUED ITS LONG TRADITION OF HOSTING STUDENT AND COMMUNITY-ORIENTED EVENTS, CONVOCATIONS, COMMENCEMENTS, PERFORMANCES, AND LECTURES. IT ALSO DELIVERS HIGH-QUALITY CHILDREN'S PROGRAMMING WITH THE OLDEST CONTINUALLY RUNNING CHILDREN'S FESTIVAL IN THE NATION AND THROUGH THE CRITICALLY ACCLAIMED STUDENT DISCOVERY SERIES. IN TOTAL, ACPA SERVES OVER 10,000 CHILDREN IN THE PHILADELPHIA METROPOLITAN AREA PER SEASON, OFTEN PROVIDING THEIR ONLY ACCESS TO THE PERFORMING ARTS. -https://pennlivearts.org/ -https://pennlivearts.org/events/studentdiscovery.php IN ADDITION TO THE UNIVERSITY'S NUMEROUS INITIATIVES, PENN MEDICINE IS STRONGLY COMMITTED TO IMPROVING LIVES AND HEALTH THROUGH A NUMBER OF COMMUNITY-BASED PROGRAMS AND ACTIVITIES. PENN MEDICINE PENN MEDICINE IS ONE OF THE WORLD'S LEADING ACADEMIC MEDICAL CENTERS, DEDICATED TO THE RELATED MISSIONS OF MEDICAL EDUCATION, BIOMEDICAL RESEARCH, AND EXCELLENCE IN PATIENT CARE. PENN MEDICINE CONSISTS OF THE RAYMOND AND RUTH PERELMAN SCHOOL OF MEDICINE AT THE UNIVERSITY OF PENNSYLVANIA, FOUNDED IN 1765 AS THE NATION'S FIRST MEDICAL SCHOOL, AND THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (UPHS), WHICH TOGETHER FORM A $11.9 BILLION ENTERPRISE. THE PERELMAN SCHOOL OF MEDICINE AND UPHS ARE COMMITTED TO IMPROVING LIVES AND HEALTH THROUGH CLINICAL CARE, RESEARCH, MEDICAL EDUCATION, AND COMMUNITY SERVICE. THE SCHOOL OF MEDICINE HAS 791 M.D. STUDENTS, 1,947 RESIDENTS AND FELLOWS, AND 3,289 FULL-TIME FACULTY MEMBERS AS OF FY 23. THROUGH UNDERGRADUATE MEDICAL EDUCATION, BROAD RANGING GRADUATE, RESIDENCY, AND FELLOWSHIP PROGRAMS, AND CONTINUING MEDICAL EDUCATION COURSES, THE SCHOOL TRAINS THE FUTURE LEADERS OF AMERICAN MEDICINE. AMBITIOUS BIOMEDICAL RESEARCH, CARRIED OUT IN 28 BASIC SCIENCE AND CLINICAL DEPARTMENTS AND IN NUMEROUS MULTIDISCIPLINARY CENTERS AND INSTITUTES, IS CLOSELY LINKED TO TEACHING AND PATIENT CARE, CONTRIBUTING TO OVERALL EXCELLENCE IN ALL THREE MISSION AREAS AND TO PENN MEDICINE'S PREEMINENCE AS AN INTEGRATED ACADEMIC MEDICAL CENTER. RECENT HIGHLIGHTS INCLUDE THE CREATION OF THE PENN INSTITUTE FOR IMMUNOLOGY AND IMMUNE HEALTH (I3H). I3H WILL BRING TOGETHER BASIC DISCOVERY IMMUNOLOGY AND TRANSLATIONAL RESEARCH WITH INFRASTRUCTURE TO SCALE AND INTEGRATE IMMUNOLOGICAL KNOWLEDGE INTO THE ELECTRONIC MEDICAL RECORD.IN ADDITION, THE SCHOOL HAS EXPANDED AND ENRICHED THE EMINENCE OF ITS FACULTY, WITH KEY RECRUITMENTS SUCH AS GEORGE NETTO, CHAIR OF PATHOLOGY AND LABORATORY MEDICINE, THAT WILL IMPACT FY 2024 AND BEYOND. IN KEEPING WITH OUR CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY. IN THE 2023 FISCAL YEAR, PENN MEDICINE PROVIDED $421.9 MILLION IN CHARITY AND UNDERFUNDED CARE FOR FAMILIES ON MEDICAID. THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA (HUP) WAS ESTABLISHED IN 1874 AS A TEACHING HOSPITAL TO COMPLEMENT THE MEDICAL EDUCATION RECEIVED BY STUDENTS AT THE PERELMAN SCHOOL OF MEDICINE. TODAY, IT HAS 20 CLINICAL DEPARTMENTS AND PROVIDES TRAINING IN MORE THAN 40 CLINICAL SPECIALTIES. MAJOR AREAS OF CLINICAL FOCUS ACROSS HUP INCLUDE CARDIAC CARE, ONCOLOGY, NEUROSCIENCES, AND WOMEN'S HEALTH. HUP IS ONE OF THE ONLY HOSPITALS IN THIS REGION THAT PERFORMS TRANSPLANTS OF ALL MAJOR ORGANS. HUP'S CAMPUS IS A HUB FOR INNOVATIVE MEDICAL CARE, AND HOME TO THE PAVILION-THE LARGEST CAPITAL PROJECT IN THE UNIVERSITY OF PENNSYLVANIA'S HISTORY-WHICH OPENED IN OCTOBER 2021. THE PAVILION IS ONE OF THE LARGEST HOSPITAL PROJECTS IN THE U.S.-AND THE LARGEST IN THE PHILADELPHIA REGION. THE BUILDING RISES 17 STORIES ON PENN MEDICINE'S WEST PHILADELPHIA CAMPUS AS A PLACE WHERE PENN'S WORLD-RENOWNED RESEARCHERS, CLINICIANS, AND FACULTY WILL CONTINUE TO PIONEER ADVANCED PATIENT CARE. THE $1.6 BILLION FACILITY HOUSES 504 PRIVATE PATIENT ROOMS AND 47 OPERATING ROOMS. IN MARCH 2021, HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA - CEDAR AVENUE OPENED AS PART OF A PARTNERSHIP WITH PUBLIC HEALTH MANAGEMENT CORPORATION (PHMC) OFFERING CONTINUITY IN ACCESS TO CARE AND SERVICES IN WEST AND SOUTHWEST PHILADELPHIA IN PLACE OF A LONGSTANDING COMMUNITY HOSPITAL THAT NEEDED TO CLOSE. THIS SITE OFFERS 121 LICENSED BEDS AND CONTINUES TO EVOLVE INTO A MULTI-FACETED AND INNOVATIVE PUBLIC HEALTH CAMPUS. PENN MEDICINE MANAGES THE EMERGENCY DEPARTMENT, INPATIENT SERVICES, AND HOSPITAL-BASED BEHAVIORAL HEALTH PROGRAMMING AS HUP-CEDAR. PHMC HAS OPENED A FEDERALLY QUALIFIED HEALTH CENTER AT THE SITE, WHICH IS STAFFED BY CLINICIANS FROM THE PENN MEDICINE DEPARTMENT OF FAMILY MEDICINE AND COMMUNITY HEALTH, PROVIDING COMMUNITY MEMBERS WITH ACCESS TO HIGH-QUALITY, INTEGRATED, PATIENT-CENTERED HEALTH CARE. A KEY ELEMENT OF THE CAMPUS IS A ROBUST COMMUNITY ENGAGEMENT PLAN THAT INCLUDES REGULAR AND ONGOING COMMUNITY OUTREACH WITH STAKEHOLDERS, THUS SUPPORTING THE ENGAGEMENT OF COMMUNITY-BASED, NON-PROFIT SOCIAL SERVICES THAT ADDRESS KEY ISSUES, SUCH AS HEALTH AND WELLNESS EDUCATION AND FOOD INSECURITY. PENN PRESBYTERIAN MEDICAL CENTER (PPMC) IS CONSISTENTLY RECOGNIZED AS A CENTER OF EXCELLENCE FOR CARDIAC CARE, OPHTHALMOLOGY, AND NEUROSCIENCES. PPMC'S CAMPUS INCLUDES THE MUSCULOSKELETAL CENTER'S OUTPATIENT FACILITY AT PENN MEDICINE UNIVERSITY CITY, ABRAMSON CANCER CENTER AND THE PAVILION FOR ADVANCED CARE, HOME TO PENN MEDICINE'S LEVEL 1 TRAUMA CENTER. THE PA ACCREDITED TRAUMA CENTER OPERATES AROUND THE CLOCK TO CARE FOR PATIENTS WHO HAVE BEEN CRITICALLY INJURED IN CAR ACCIDENTS, FALLS, GUNSHOT WOUNDS AND THROUGH OTHER BLUNT AND PENETRATING TRAUMAS. THE TRAUMA CENTER AT PENN PRESBYTERIAN MEDICAL CENTER SERVES AS A REGIONAL RESOURCE FOR INJURED PATIENTS CARING FOR MORE THAN 3,000 PATIENTS ANNUALLY, SEVERAL HUNDRED OF WHOM ARE TRANSFERRED FROM OTHER AREA HOSPITALS AND TRAUMA CENTERS.
FORM 990, PART III, LINE 4A & 4B (CONT.) PENNSYLVANIA HOSPITAL IS THE NATION'S FIRST HOSPITAL. FOUNDED IN 1751 BY BENJAMIN FRANKLIN AND DR. THOMAS BOND, PENNSYLVANIA HOSPITAL HAS BEEN A LEADER IN PATIENT CARE, TREATMENT TECHNIQUES, AND MEDICAL EDUCATION FOR MORE THAN 270 YEARS. TODAY ITS CLINICAL PROGRAMS INCLUDE THE SPINE CENTER, ORTHOPEDICS, THE CENTER FOR TRANSFUSION-FREE MEDICINE, MATERNITY AND NEWBORN SERVICES, AND BEHAVIORAL HEALTH. PENNSYLVANIA HOSPITAL IS ALSO HOME TO PENN MEDICINE WASHINGTON SQUARE, THE HOSPITAL'S OUTPATIENT FACILITY. IMPACT OF PRIOR COMMUNITY HEALTH NEEDS ASSESSMENT AND IMPLEMENTATION PROPELLED BY OUR TRIPARTITE MISSION OF PATIENT CARE, EDUCATION, AND RESEARCH, AND IN RESPONSE TO THE NEEDS OF OUR COMMUNITY, PENN MEDICINE HAS DRIVEN SEVERAL PROGRAMS TO CARE FOR OUR NEIGHBORS AND IMPROVE THE WELL-BEING OF OUR REGION: MENTAL AND BEHAVIORAL HEALTH AND SUBSTANCE USE THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA-CEDAR AVENUE (HUP CEDAR) CRISIS RESPONSE CENTER (CRC) WAS ESTABLISHED IN 2023 TO MAKE CRITICAL PSYCHIATRIC AND SUBSTANCE USE CARE EASILY ACCESSIBLE FOR WEST AND SOUTHWEST PHILADELPHIA RESIDENTS. IN ADDITION TO MOVING INPATIENT AND DRUG AND ALCOHOL DETOXIFICATION UNITS FROM PENN PRESBYTERIAN MEDICAL CENTER TO HUP CEDAR, THE NEWLY ESTABLISHED CRC PROVIDED CARE FOR MORE THAN 4,500 PATIENT VISITS IN ITS FIRST YEAR. TOGETHER, PENNSYLVANIA HOSPITAL AND THE HUP CEDAR HAVE A TOTAL OF 73 LICENSED INPATIENT PSYCHIATRIC BEDS AND 16 BEDS FOR SUBSTANCE USE TREATMENT. IN 2023, THERE WERE MORE THAN 107,000 DRUG OVERDOSE DEATHS IN THE UNITED STATES, AND IN PHILADELPHIA, DEATH RATES CONTINUE TO RISE. PENN MEDICINE'S CENTER FOR OPIOID RECOVERY AND ENGAGEMENT (CORE) PROVIDES FREE PEER SUPPORT FOR INDIVIDUALS STRUGGLING WITH OPIOID USE AND THEIR LOVED ONES. THE PROGRAM PROVIDES MULTIPLE PATHWAYS TO RECOVERY BY REMOVING BARRIERS AND FACILITATING ACCESS TO RECOVERY RESOURCES. CORE OFFERS HANDS-ON MEDICAL AND BEHAVIORAL HELP TO ENSURE INDIVIDUALS RECEIVE CONTINUED TREATMENT AND ARE SUPPORTED WITHIN THEIR COMMUNITIES. CORE'S OPIOID USE DISORDER (OUD) CARE TEAM IS MADE UP OF CERTIFIED RECOVERY SPECIALISTS WHO USE THEIR PERSONAL OUD EXPERIENCES TO PROVIDE PARTICIPANTS WITH LONG-TERM GUIDANCE FOR RECOVERY. CORE ALSO OFFERS ENHANCED CASE MANAGEMENT SERVICES, PROVIDING ASSISTANCE WITH OBTAINING HOUSING, EDUCATION, SOCIAL SERVICE NEEDS, SUPPORT GROUPS AND ACCESS TO TREATMENT. CHRONIC DISEASE PREVENTION AND MANAGEMENT STROKE COMMUNITY EDUCATION PROGRAM: IN RECOGNITION THAT STROKE IS THE NUMBER-ONE PREVENTABLE CAUSE OF DISABILITY, PENN MEDICINE OFFERS COMMUNITY-BASED, STROKE-RELATED EDUCATIONAL PROGRAMMING AT EVERY HOSPITAL IN THE SYSTEM. RISK FACTORS ARE IDENTIFIED THROUGH A COMMUNITY HEALTH NEEDS ASSESSMENT, WITH PROGRAM STAFF STRIVING TO HELP RESIDENTS COMBAT ANY RISK FACTORS THAT EMERGE, WHILE WORKING TO INCREASE AWARENESS OF STROKE AND ITS SYMPTOMS. NATIONAL DIABETES PREVENTION PROGRAM (NDPP): THIS YEAR-LONG, RESEARCH-BASED PROGRAM USES CURRICULUM PUBLISHED BY THE CENTERS FOR DISEASE CONTROL AND PREVENTION TO PROMOTE HEALTHY EATING AND PHYSICAL ACTIVITY IN INDIVIDUALS AT RISK FOR DEVELOPING TYPE 2 DIABETES. PROVIDED AT MOST PENN MEDICINE DIABETES EDUCATION CENTERS, THE NDPP ENCOURAGES HEALTHY LIFESTYLE CHANGES TO DELAY OR PREVENT A DIAGNOSIS OF TYPE 2 DIABETES. DIABETES SELF-MANAGEMENT EDUCATION AND SUPPORT PROGRAMS (DSMES): DIABETES IS A COMPLEX CONDITION THAT INVOLVES MANY DAILY SELF-MANAGEMENT HABITS. DSMES PROGRAMS PROVIDE INDIVIDUALS LIVING WITH DIABETES WITH THE TOOLS AND SUPPORT NEEDED TO ADDRESS THE BEHAVIORAL, EDUCATIONAL, MEDICAL, AND MENTAL ASPECTS OF DIABETES MANAGEMENT. THESE SKILLS CAN HELP PEOPLE WITH DIABETES ENHANCE THEIR DAILY SELF-CARE, DECREASE COMPLICATIONS OF DIABETES, AND IMPROVE OVERALL HEALTH OUTCOMES. IN THE PAST FISCAL YEAR, OVER 500 INDIVIDUALS HAVE ATTENDED DIABETES SELF-MANAGEMENT EDUCATION AND SUPPORT SESSIONS OFFERED AT THE ACCREDITED PENN MEDICINE DIABETES EDUCATION CENTERS, INCLUDING PENNSYLVANIA HOSPITAL. PRIMARY AND PREVENTIVE CARE NAVIGATION AND ACCESS THE PENN CENTER FOR COMMUNITY HEALTH WORKERS IMPACT PROGRAM IS A STANDARDIZED, SCALABLE COMMUNITY HEALTH WORKER (CHW) PROGRAM IN WHICH PENN MEDICINE HIRES, TRAINS, AND DEPLOYS TRUSTED LAYPEOPLE FROM LOCAL COMMUNITIES TO HELP PATIENTS ADDRESS THE SOCIAL DETERMINANTS OF HEALTH, INCLUDING FOOD, HOUSING, TRANSPORTATION, AND CHRONIC DISEASE PREVENTION. THE PROGRAM HAS BEEN DELIVERED TO NEARLY 10,000 HIGH-RISK PATIENTS AND PROVEN IN THREE RANDOMIZED CONTROLLED TRIALS TO IMPROVE CHRONIC DISEASE CONTROL, MENTAL HEALTH, AND QUALITY OF CARE WHILE REDUCING TOTAL HOSPITAL DAYS BY 65 PERCENT. THE UNITED COMMUNITY CLINIC (UCC), HOUSED IN THE NEW RIVER CHURCH, HAS BEEN A CORNERSTONE OF PREVENTATIVE CARE IN WEST PHILADELPHIA FOR NEARLY 25 YEARS. LED BY MEDICAL STUDENTS AND FACULTY FROM THE PERELMAN SCHOOL OF MEDICINE, THE UCC HAS CONSISTENTLY EVOLVED TO MEET THE NEEDS OF ITS COMMUNITY. IN THE LAST TWO YEARS, PENN MEDICINE AND UCC HAVE EXPANDED THEIR SERVICES TO SOUTHWEST PHILADELPHIA, ANOTHER MEDICALLY UNDERSERVED COMMUNITY. UCC CLINICIANS ADDRESS A WIDE RANGE OF HEALTH NEEDS FROM ROUTINE CHECK-UPS AND DIABETES MANAGEMENT TO TREATING COMMON ILLNESS AND PROVIDING X-RAYS FOR INJURIES. OVER THE PAST YEAR, UCC HAS TREATED 158 PATIENTS ACROSS TWO COMMUNITY CLINIC LOCATIONS. THE CLINIC ALSO ASSISTS PATIENTS IN FINDING INSURANCE TO ENSURE THEY HAVE CONTINUED ACCESS TO NECESSARY MEDICAL SERVICES IN THE FUTURE. PHILADELPHIA DEPARTMENT OF PUBLIC HEALTH PARTNERSHIP: THE DIVISION OF GENERAL INTERNAL MEDICINE FACULTY AND RESIDENTS PROVIDE PRIMARY CARE AT TWO OF THE CITY'S AMBULATORY HEALTH CENTERS IN WEST PHILADELPHIA. THIS UNIQUE PARTNERSHIP INCREASES THE POOL OF PRIMARY CARE PROVIDERS WHO ARE ABLE TO SERVE PHILADELPHIA RESIDENTS, REGARDLESS OF INSURANCE STATUS OR THEIR ABILITY TO PAY. FEDERALLY QUALIFIED HEALTH CENTER (FQHC) PRENATAL CARE PARTNERSHIP: THE DEPARTMENT OF FAMILY MEDICINE AND COMMUNITY HEALTH FACULTY AND RESIDENTS PROVIDE PRENATAL CARE AT FOUR LOCAL WEST PHILLY FQHCS AND THESE PATIENTS DELIVER ON THE FAMILY MEDICINE SERVICE AT OUR UNIVERSITY HOSPITAL. THIS INNOVATIVE MODEL OF CARE EXPANDS ACCESS TO HIGH QUALITY PRIMARY CARE, ENSURES CONTINUITY OF CARE, AND IMPROVES HEALTH OUTCOMES. PERELMAN SCHOOL OF MEDICINE COMMUNITY CLINICS: PENN MEDICINE PHYSICIANS AND STAFF PROVIDE PRIMARY AND SPECIALTY CARE ACCESS IN A NETWORK OF COMMUNITY-BASED, STUDENT-LED CLINICS IN MEDICALLY UNDERSERVED COMMUNITIES THROUGHOUT PHILADELPHIA. THESE CLINICS PROVIDE SUPPORT TO COMMUNITIES THAT FACE SIGNIFICANT ACCESS BARRIERS TO CARE.
FORM 990, PART III, LINE 4A & 4B (CONT.) SPECIALTY CARE NAVIGATION AND ACCESS THE PENN CENTER FOR SURGICAL HEALTH (CSH) AIMS TO CREATE SUSTAINABLE INFRASTRUCTURE FOR ACCESS TO HIGH-QUALITY, COST-CONSCIOUS SURGICAL CARE BEFORE IT BECOMES AN EMERGENCY. CSH PAIRS PATIENTS WITH A PERSONAL PATIENT NAVIGATOR (PPN)-TYPICALLY A MEDICAL STUDENT WHO HAS UNDERGONE CHS'S PPN TRAINING PROGRAM-TO HELP PATIENTS THROUGH OBTAINING INSURANCE OR OTHER FUNDING AND UNDERSTANDING AND NAVIGATING FROM PREOPERATIVE THROUGH TO POSTOPERATIVE CARE. SINCE ITS INCEPTION IN FALL 2021, THE CSH HAS PROVIDED MORE THAN 1,000 PATIENT REFERRALS, FACILITATED TRANSPORTATION TO SURGERIES FOR 333 PATIENTS, AND HELPED 180 PATIENTS GET ACCESS TO CARE THAT WOULD OTHERWISE BE OUT OF REACH. PENN MEDICINE IS ACTIVELY WORKING TO DECENTRALIZE CANCER SCREENINGS AND BRING CANCER CARE TO COMMUNITIES BY ENABLING ACCESS TO PREVENTATIVE CARE OUTSIDE OF HOSPITALS IN THE COMMUNITIES THAT NEED THEM MOST. THROUGH COLLABORATIVE EFFORTS, LIKE THE PARTNERSHIP BETWEEN ENON TABERNACLE BAPTIST CHURCH AND THE ABRAMSON CANCER CENTER, PENN MEDICINE HAS PROVIDED AT-HOME COLORECTAL CANCER SCREENING KITS AT COMMUNITY EVENTS AND DRIVE-THROUGHS, COUPLED WITH NAVIGATION SUPPORT FOR FOLLOW-UP CARE. SIMILARLY, THE PENN MEDICINE BREAST HEALTH INITIATIVE HAS DELIVERED FREE BREAST CANCER SCREENINGS AND BREAST HEALTH EDUCATION, AMONG OTHER SUPPORT SERVICES THAT HAVE REACHED MORE THAN 3,000 UNINSURED AND UNDERINSURED WOMEN IN THE REGION SINCE 2014. VIOLENCE PREVENTION AND INTERVENTION DEEPLY ROOTED WAS LAUNCHED IN 2022 BY THE PENN URBAN HEALTH LAB AS A COMMUNITY-ACADEMIC COLLABORATIVE. WITH A $6 MILLION INVESTMENT FROM PENN MEDICINE AND CHILDREN'S HOSPITAL OF PHILADELPHIA (CHOP), THE COLLABORATIVE HAS CLEANED AND GREENED MORE THAN 700 VACANT LOTS, PLANTED MORE THAN 820 TREES, AND BUILT MINIPARKS DESIGNED BY THE COMMUNITY. THE PROGRAM HAS ALSO AWARDED MULTIPLE MICRO-GRANTS FOR RESIDENT-LED PROJECTS THAT SUPPORT VACANT LOT CLEANUPS, COMMUNITY SPACE PROGRAMMING, JOB TRAINING, EDUCATION, AND MORE. THESE EFFORTS ARE BACKED BY PENN MEDICINE RESEARCH THAT SHOWS GREENING VACANT SPACES REDUCES VIOLENT CRIME, IMPROVES MENTAL HEALTH AND HAS VARIOUS OTHER POSITIVE IMPACTS ON HEALTH OUTCOMES. THE PENN TRAUMA VIOLENCE RECOVERY PROGRAM IS A HOSPITAL-BASED VIOLENCE INTERVENTION PROGRAM (HVIP) THAT PROVIDES SURVIVORS OF VIOLENT INJURIES WITH PSYCHOSOCIAL SUPPORT AND WRAPAROUND SERVICES TO PROMOTE THEIR HOLISTIC HEALING. THE PROGRAM IS MADE UP OF PENN PRESBYTERIAN MEDICAL CENTER (PPMC) EMPLOYEES WHO WORK ALONGSIDE PENN MEDICINE TRAUMA TEAMS TO IMPROVE CARE AND OUTCOMES FOR INJURED PATIENTS. TO DATE, THE PROGRAM HAS ENROLLED 80 PATIENTS, PROVIDED 363 PATIENTS WITH BEDSIDE COUNSELING, AND MADE 143 REFERRALS TO COMMUNITY SERVICES AND RESOURCES. PENN TRAUMA VIOLENCE RECOVERY PROGRAM LEADERS HAVE ALSO ESTABLISHED A FUND TO MEET PROGRAM PARTICIPANT'S BASIC NEEDS, FROM TRANSPORTATION COSTS TO FOOD AND OTHER NECESSITIES. ADVANCING MATERNAL HEALTH NEW AND EXPECTANT MOTHERS IN THE UNITED STATES ARE MORE LIKELY TO DIE THAN THOSE IN ANY OTHER DEVELOPED COUNTRY IN THE WORLD. MORE THAN 80 PERCENT OF THESE DEATHS ARE PREVENTABLE. TO ENSURE INCLUSIVE CARE FOR EVERY MOTHER, PENN MEDICINE HAS DEVELOPED A UNIFIED SYSTEM-WIDE EFFORT TO REDUCE MATERNAL HEALTH DISPARITIES THROUGH FACULTY RESEARCH, COMMUNITY ENGAGEMENT, AND A BROAD ARRAY OF QUALITY IMPROVEMENTS AND INNOVATIONS IN PATIENT CARE. ONE SUCH INNOVATION, THE HEART SAFE MOTHERHOOD REMOTE BLOOD PRESSURE MONITORING PROGRAM, WAS IMPLEMENTED TO HELP POSTPARTUM MOTHERS MANAGE HIGH BLOOD PRESSURE FROM HOME VIA TEXT MESSAGES, REDUCING THE NEED FOR IN-OFFICE VISITS. IN THE 2023 FISCAL YEAR, HEART SAFE MOTHERHOOD RECEIVED MORE THAN 250,000 PATIENT-REPORTED BLOOD PRESSURE READINGS, RESULTING IN A 50 PERCENT REDUCTION IN 6-MONTH READMISSIONS FOR MOTHERS WITH BLOOD PRESSURE-RELATED CONDITIONS. HEART SAFE MOTHERHOOD IS NOT ONLY STANDARD OF CARE FOR AT-RISK PATIENTS IN ALL PENN MEDICINE BIRTHING HOSPITALS, BUT HAS EXPANDED TO SEVERAL OTHER PHILADELPHIA HOSPITALS OUTSIDE OF PENN. PENN MEDICINE'S APPROACH TO MATERNAL HEALTH INVOLVES INTERVENTIONS AT EVERY STAGE IN THE CONTINUUM OF MATERNAL CARE, FROM PREGNANCY AND DELIVERY, THROUGH THE FIRST FEW WEEKS POSTPARTUM, AS WELL AS AFTER AND IN BETWEEN PREGNANCIES. THIS COMPREHENSIVE APPROACH RESULTED IN A 30 PERCENT REDUCTION IN MATERNAL MORBIDITY-HEALTH PROBLEMS RESULTING FROM PREGNANCY AND CHILDBIRTH-IN THE FIRST YEAR ALONE. FOOD SECURITY THE FOOD ACCESS SUPPORT TECHNOLOGY (FAST) PROGRAM ADDRESSES THE NEEDS OF FOOD-INSECURE RESIDENTS IN PHILADELPHIA WHOSE LACK OF ACCESS TO NUTRITIOUS FOOD EXACERBATES CHRONIC HEALTH CONDITIONS WITH A DIGITAL PLATFORM THAT ENABLES HEALTH SYSTEMS, COMMUNITY-BASED ORGANIZATIONS, AND SMALL BUSINESSES TO IMPROVE FOOD DELIVERY TO UNDERSERVED POPULATIONS IN THE REGION. THE PROGRAM HAS SUCCESSFULLY PROVIDED THOUSANDS OF MEALS TO FAMILIES IN NEED SINCE THE APP LAUNCHED IN 2021. THE HUP HARVEST FOOD PANTRY BEGAN IN MAY 2020, SHORTLY AFTER THE ONSET OF THE COVID-19 PANDEMIC. CREATED AND LED BY HUP NURSING STAFF, AND WITH GUIDANCE FROM HOSPITAL NUTRITION PROFESSIONALS, PANTRY VOLUNTEERS ASSEMBLE BAGS OF FOOD TO FEED A FAMILY OF FOUR FOR A DAY. BAGS ARE DISTRIBUTED EVERY WEDNESDAY. MANY RECIPIENTS ARE PENN MEDICINE EMPLOYEES, WHO MAY RECEIVE ONE BAG OF FOOD WITH NO QUESTIONS ASKED. HUP FOOD PANTRY PARTNERS WITH PHILABUNDANCE TO RECEIVE A MINIMUM OF 500 POUNDS OF FOOD EACH WEEK. IN OCTOBER 2020, THE PANTRY CEMENTED RELATIONSHIPS WITH THE PENN FOOD AND WELLNESS COLLABORATIVE AND STARTED RECEIVING PRODUCE FROM PENN FARM. THE PROGRAM AGAIN EXPANDED IN DECEMBER 2021, OFFERING BAGS OF FOOD TO FOOD-INSECURE, DIABETIC PRENATAL AND POSTPARTUM PATIENTS AT PENN'S HELEN O. DICKENS CENTER FOR WOMEN'S HEALTH.IN THIS PAST YEAR, PENN MEDICINE EXPANDED THE HUP PANTRY PROGRAM TO THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA - CEDAR AVENUE, WHICH SERVES WEST AND SOUTHWEST PHILADELPHIA. TO DATE, 14,160 CLIENTS HAVE BEEN SERVED WITH 163,210 POUNDS OF FOOD AND THE HELP OF 762 VOLUNTEER HOURS. ADDRESSING A WIDE ARRAY OF SOCIAL DETERMINANTS OF HEALTH THE SOCIAL NEEDS RESPONSE TEAM (SNRT) ADDRESSES THE SOCIOECONOMIC CHALLENGES OF UNDERSERVED PATIENT POPULATIONS. BY CONDUCTING SURVEYS THAT IDENTIFY ISSUES LIKE FOOD AND HOUSING INSECURITY, SNRT CONNECTS PATIENTS WITH COMMUNITY RESOURCES BOTH DURING THEIR TREATMENT AND AFTER DISCHARGE FROM CARE AT PENN MEDICINE. SINCE IT BEGAN, SNRT HAS RECEIVED OVER 1,000 REFERRALS, WITH FOOD ASSISTANCE, HOUSING, AND EMPLOYMENT AMONG THE COMMUNITY'S PRIMARY NEEDS. THE PENN MEDICINE CARES GRANT PROGRAM WAS CREATED TO PROVIDE INSTITUTIONAL SUPPORT FOR INITIATIVES THAT ADDRESS COMMUNITY HEALTH NEEDS WHILE RECOGNIZING THE VOLUNTEER EFFORTS OF EMPLOYEES AND MEDICAL STUDENTS. SINCE ITS INCEPTION IN 2012, THE PROGRAM HAS FUNDED 1,200 SERVICE PROJECTS ACROSS THE PENN MEDICINE SERVICE AREA. THESE INITIATIVES HAVE INCLUDED PROGRAMS AT COMMUNITY CENTERS, FARMERS' MARKETS, AND PLACES OF WORSHIP, BENEFITING COMMUNITIES FROM PHILADELPHIA, LANCASTER, AND CHESTER COUNTIES TO NEW JERSEY'S SUBURBS AND SHORE AREAS. TO DATE, NEARLY $1.25 MILLION HAS BEEN AWARDED TO SUPPORT VOLUNTEERISM AND PROJECTS THAT AIM TO IMPROVE HEALTH, WELLNESS, AND REDUCE HEALTH DISPARITIES IN UNDERSERVED COMMUNITIES. IN OCTOBER 2024, PENN MEDICINE ANNOUNCED AN INCREASE IN ANNUAL FUNDING FOR THE CARES PROGRAM, FURTHER EXPANDING ITS POTENTIAL FOR FUTURE IMPACT.
FORM 990, PART III, LINE 4A & 4B (CONT.) UPHS HOSPITALS OUTSIDE PHILADELPHIA PENN MEDICINE LANCASTER GENERAL HEALTH (LG HEALTH) IS AN 805-LICENSED BED HEALTH SYSTEM WITH A COMPREHENSIVE NETWORK OF CARE ENCOMPASSING FOUR HOSPITALS, 22 OUTPATIENT CENTERS, AND MORE THAN 60 PRIMARY CARE, MEDICAL AND SURGICAL SPECIALTY PRACTICES. LG HEALTH'S LEGACY OF COMMITMENT TO OUR COMMUNITY BEGAN IN 1893, WITH THE FOUNDING OF LANCASTER GENERAL HOSPITAL (LGH) IN A THREE-STORY BRICK RESIDENCE IN DOWNTOWN LANCASTER. TODAY OUR MORE THAN 9,700 EMPLOYEES SERVE LANCASTER COUNTY AND THE SURROUNDING REGION - A POPULATION OF NEARLY 935,000 PEOPLE - WITH A MISSION TO ADVANCE THE HEALTH AND WELL-BEING OF THE COMMUNITIES WE SERVE. LG HEALTH OFFERS OUR REGION THE HIGHEST QUALITY OF CARE THROUGH COMPREHENSIVE SERVICES AND ADVANCED TECHNOLOGIES, WHILE MAINTAINING A PRIMARY FOCUS ON WELLNESS AND PREVENTION. OUR NINE MAJOR SERVICE LINES INCLUDE CARDIOVASCULAR; ORTHOPEDICS; CANCER; WOMEN'S HEALTH, DIGESTIVE HEALTH, GENERAL AND BARIATRIC SURGERY; PEDIATRICS; NEUROSCIENCES; BEHAVIORAL HEALTH; AND GENERAL MEDICINE. LG HEALTH'S COMMITMENT TO THE COMMUNITY EXTENDS BEYOND DELIVERING EXCEPTIONAL HEALTH CARE. WE ARE GOVERNED BY A VOLUNTEER BOARD OF LOCAL BUSINESS AND COMMUNITY LEADERS AND SUPPORTED BY PHILANTHROPIC INVESTMENTS FROM GENEROUS COMMUNITY MEMBERS THROUGH OUR LG HEALTH FOUNDATION. WE PARTNER WITH COMMUNITY ORGANIZATIONS ON SPECIFIC STRATEGIES AND PROGRAMS THAT IMPROVE OVERALL COMMUNITY HEALTH, WHICH INCLUDE INVESTING MORE THAN $50 MILLION OVER THE NEXT 10 YEARS TO REMOVE LEAD PAINT IN HOMES WITH YOUNG CHILDREN, AND INCREASING ACCESS TO HEALTHY FOOD AND NUTRITION EDUCATION. PENN MEDICINE PRINCETON HEALTH IS ONE OF THE MOST COMPREHENSIVE HEALTHCARE SYSTEMS IN NEW JERSEY, FEATURING A REGIONALLY RANKED HOSPITAL, INPATIENT AND OUTPATIENT BEHAVIORAL HEALTHCARE, IN-HOME NURSING, HOSPICE CARE, REHABILITATION, PRIMARY AND SPECIALTY PROVIDER PRACTICES, AMBULATORY SURGERY, AND WELLNESS SERVICES. AT PRINCETON HEALTH, OUR MEDICAL STAFF AND EMPLOYEES ARE DEDICATED TO ENSURING PATIENT SAFETY AND PROVIDING EXCEPTIONAL CARE EVERY DAY. PRINCETON HEALTH COMMUNITY WELLNESS DELIVERS CPR AND FIRST-AID TRAINING TO AREA HEALTHCARE PROFESSIONALS AS WELL AS A DYNAMIC CURRICULUM OF INNOVATIVE HEALTH- AND LIFESTYLE-RELATED PROGRAMS, SCREENINGS, AND SUPPORT SERVICES AT LITTLE OR NO COST TO COMMUNITY MEMBERS OF ALL AGES. COMMUNITY WELLNESS PROVIDES APPROXIMATELY 2,000 PROGRAMS, SERVING TENS OF THOUSANDS OF PEOPLE, EACH YEAR. CHESTER COUNTY HOSPITAL IS A 329-BED INPATIENT COMPLEX IN WEST CHESTER, PA. ITS OUTPATIENT SERVICES EXTEND TO SATELLITE LOCATIONS IN NEARBY EXTON, WEST GOSHEN, NEW GARDEN, JENNERSVILLE, AND KENNETT SQUARE. CHARTERED IN 1892, THE HOSPITAL HAS SERVED CHESTER COUNTY AND ITS SURROUNDING COMMUNITIES FOR MORE THAN 130 YEARS. CURRENTLY, CHESTER COUNTY HOSPITAL OFFERS AN ARRAY OF INPATIENT AND OUTPATIENT MEDICAL AND SURGICAL SERVICES, INCLUDING INTERVENTIONAL HEART AND VASCULAR SERVICES, OPEN HEART SURGERY, ADVANCED SPINE SURGERY, GENERAL, ORTHOPAEDIC, AND ONCOLOGY SURGERY, ONCOLOGY, RADIATION ONCOLOGY, AND COMPREHENSIVE MATERNAL/INFANT HEALTH SERVICES. THE HOSPITAL ALSO OFFERS HOME HEALTH AND HOSPICE CARE; OCCUPATIONAL AND EMPLOYEE HEALTH CARE; PROFESSIONAL AND TECHNICAL EDUCATION; OUTPATIENT LABORATORY; RADIOLOGY AND PHYSICAL THERAPY SERVICES; PRENATAL CARE AND GYNECOLOGICAL CARE FOR ALL WOMEN, INCLUDING THE UNDERSERVED; AND CARDIOPULMONARY REHABILITATION. TRUE TO ITS COMMITMENT TO PROVIDING WAYS FOR PEOPLE TO MAINTAIN A HEALTHY LIFE, CHESTER COUNTY HOSPITAL OFFERS A BROAD SCOPE OF HIGH-QUALITY HEALTH EDUCATION PROGRAMS TO THE COMMUNITY. PHYSICIAN LECTURES ALLOW PEOPLE TO MEET THE MEDICAL STAFF AND LEARN ABOUT IMPORTANT HEALTH CONCERNS. A WIDE VARIETY OF WELLNESS PROGRAMS AND SERVICES THAT ADDRESS SPECIFIC LIFE CYCLE NEEDS AND CHRONIC HEALTH CONDITIONS ARE ALSO REGULARLY AVAILABLE. CARDIOVASCULAR, CANCER, BLOOD PRESSURE, OSTEOPOROSIS, AND OTHER SCREENINGS ARE OFFERED THROUGHOUT THE YEAR TO HELP IDENTIFY RISKS AT AN EARLY STAGE. SUPPORT GROUPS OFFER INDIVIDUALS WITH SPECIFIC HEALTH CONDITIONS THE OPPORTUNITY TO SHARE THEIR EXPERIENCES WITH OTHERS AND LEARN FROM AN EXPERIENCED PROFESSIONAL ABOUT HOW TO MANAGE AND COPE WITH HEALTH PROBLEMS. TO READ MORE WAYS PENN MEDICINE SERVES ITS COMMUNITY, PLEASE VISIT HTTPS://COMMUNITYIMPACT.PENNMEDICINE.ORG/ --------------------
FORM 990, PART IV, LINE 28 & FORM 990, SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS DURING THE NORMAL COURSE OF ITS OPERATIONS AND AFTER APPROPRIATE REVIEW, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAY OCCASIONALLY TRANSACT BUSINESS WITH PERSONS AND/OR ORGANIZATIONS DESCRIBED ON FORM 990, PART IV, LINE 28. IN THIS REGARD, THE UNIVERSITY ADHERES TO A CONFLICT OF INTEREST POLICY AND ANY SUCH TRANSACTIONS ARE CONDUCTED AT AN ARMS-LENGTH BASIS. --------------------
FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCESS THE FIRST DRAFT OF THE FEDERAL FORM 990 IS RECEIVED FROM OUR TAX CONSULTING FIRM, PWC US TAX LLP ("PWC"), ON APPROXIMATELY MARCH 15TH OF THE FILING YEAR AND IS REVIEWED BY THE EXECUTIVE ASSOCIATE COMPTROLLER AND THEIR STAFF. THE FORM 990 IS THEN DISTRIBUTED TO VARIOUS SENIOR FINANCIAL MANAGEMENT OFFICIALS, INCLUDING THE COMPTROLLER, CFO OF THE HEALTH SYSTEM, AND VICE PRESIDENT FOR FINANCE AND TREASURER PRIOR TO MEETING WITH PWC AND THE EXECUTIVE ASSOCIATE COMPTROLLER AND THEIR STAFF TO DISCUSS AND FINALIZE THE FORM. A "FINAL" DRAFT COPY OF THE FEDERAL FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE AUDIT AND COMPLIANCE COMMITTEE PRIOR TO THE FILING DEADLINE. THE FINAL COPY OF THE FEDERAL FORM 990 IS POSTED TO THE TRUSTEES' WEBSITE FOR DISTRIBUTION AND REVIEWED BY ALL TRUSTEES PRIOR TO THE ACTUAL FILING DEADLINE. --------------------
FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY EACH COVERED PERSON* ANNUALLY SHALL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE UNIVERSITY AND SHALL UPDATE SUCH QUESTIONNAIRE PROMPTLY AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. FORMER BOARD MEMBERS WHO ARE NOT TRUSTEE EMERITI ARE ENCOURAGED, BUT NOT REQUIRED TO, COMPLETE THE QUESTIONNAIRE DURING THE FIVE-YEAR PERIOD FOLLOWING COMPLETION OF THEIR TERMS. COMPLETED QUESTIONNAIRES SHALL BE RETURNED TO THE OFFICE OF THE SECRETARY AND SHALL BE SUBJECT TO REVIEW BY SUCH OFFICE AND THE OFFICE OF THE GENERAL COUNSEL, AS WELL AS BY ANY OUTSIDE LEGAL COUNSEL AND/OR AUDITORS WHO MAY BE APPOINTED TO ADVISE THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES APPOINTED TO OVERSEE THIS POLICY. COMPLETED QUESTIONNAIRES ALSO SHALL BE AVAILABLE FOR INSPECTION BY ANY BOARD MEMBER. *COVERED PERSONS INCLUDE: (1) VOTING MEMBERS OF THE BOARD OF TRUSTEES (INCLUDING CHARTER TRUSTEES, TERM TRUSTEES, ALUMNI TRUSTEES, AND COMMONWEALTH TRUSTEES); (2) TRUSTEE EMERITI WHO HAVE SERVED IN THAT CAPACITY FOR FIVE YEARS OR LESS; (3) OTHER FORMER VOTING TRUSTEES FOR A PERIOD OF FIVE YEARS FROM THE END OF THEIR TERM AS SUCH; (4) OFFICERS AS DEFINED IN THE STATUTES; (5) MEMBERS OF THE INVESTMENT BOARD; AND (6) KEY EMPLOYEES. EACH COVERED PERSON (EXCEPT FORMER BOARD MEMBERS WHO ARE NOT TRUSTEE EMERITI) SHALL BE REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THIS POLICY. ----------------------
FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS THE MEMBERSHIP OF THE COMPENSATION COMMITTEE CONSISTS OF AT LEAST 5 DISINTERESTED, VOTING MEMBERS OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA. THE COMMITTEE HAS THE AUTHORITY AND RESPONSIBILITY BOTH FOR PROVIDING OVERSIGHT AND REVIEW OF THE EXECUTIVE COMPENSATION PROCESS, OVERSIGHT AND REVIEW OF THE ACTUAL COMPENSATION DECISIONS, AND FOR REVIEWING ACTUAL AND PERCEIVED CONFLICT OF INTEREST TRANSACTIONS INVOLVING TRUSTEES AND STATUTORY OFFICERS ACCORDING TO GUIDELINES ESTABLISHED BY THE UNIVERSITY'S CONFLICT-OF-INTEREST POLICY AS ADOPTED BY THE BOARD OF TRUSTEES. THE COMMITTEE ADOPTS AND IMPLEMENTS EXECUTIVE COMPENSATION PRINCIPLES, AND IS ACCOUNTABLE FOR THE COMPENSATION AND BENEFITS ARRANGEMENTS OF THE PRESIDENT AND THEIR DIRECT REPORTS, THE STATUTORY OFFICERS, SENIOR ACADEMIC OFFICIALS, DEANS, OTHER KEY EMPLOYEES, AND ALL THOSE INDIVIDUALS WHO ARE POTENTIALLY DISQUALIFIED PERSONS WITHIN THE MEANING OF THE INTERMEDIATE SANCTIONS LEGISLATION. THE COMMITTEE MAY PERIODICALLY REVIEW THE COMPENSATION AND BENEFITS OF OTHER HIGHLY COMPENSATED INDIVIDUALS, EVEN IF THEY ARE NOT DEEMED TO EXERCISE "SUBSTANTIAL INFLUENCE" OVER THE UNIVERSITY. THE COMPENSATION SUBCOMMITTEE (CREATED TO CONFORM TO CERTAIN PROCEDURES IN DOCUMENTING REASONABLE SALARIES FOR THE OFFICERS OF THE UNIVERSITY) MEETS AT LEAST TWICE A YEAR TO REVIEW APPROPRIATE DATA, INCLUDING COMPARABLE SALARIES, IN ORDER TO REPORT ITS CONCLUSIONS AND RECOMMENDATIONS ON OFFICERS' SALARIES FOR FINAL APPROVAL. THE COMPENSATION SUBCOMMITTEE ENGAGES AN INDEPENDENT THIRD PARTY TO SERVE AS A CONSULTANT. --------------------
FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABILITY TO THE PUBLIC GOVERNING DOCUMENTS - OFFICIAL RECORDS GENERATED OR RECEIVED BY THE ADMINISTRATIVE AND ACADEMIC OFFICES OF THE UNIVERSITY IN THE CONDUCT OF THEIR BUSINESS ARE THE PROPERTY OF THE UNIVERSITY AND MAY BECOME ARCHIVAL MATERIAL. THE ARCHIVED RECORDS ARE AVAILABLE THROUGH THE UNIVERSITY ARCHIVES AND RECORDS CENTER WEB SITE AT: HTTP://WWW.ARCHIVES.UPENN.EDU UNDER UNIVERSITY RECORDS CENTER. FORM 1023 - SINCE THE UNIVERSITY HAS BEEN IN EXISTENCE SINCE 1740, THE ORGANIZATION WAS NOT REQUIRED TO FILE A FORM 1023 APPLICATION. INSTEAD, ITS IRC SECTION 501(C)(3) TAX-EXEMPT STATUS IS GRANDFATHERED BY THE IRS. CONFLICT OF INTEREST POLICIES - POLICIES, STATEMENTS, AND GUIDELINES ARE AVAILABLE TO THE PUBLIC ON THE OFFICE OF THE AUDIT, COMPLIANCE, AND PRIVACY WEB SITE AT: HTTP://WWW.UPENN.EDU/OACP/ UNDER PRINCIPLES OF RESPONSIBLE CONDUCT. FINANCIAL STATEMENTS - THE UNIVERSITY'S ANNUAL REPORT IS PRODUCED BY THE OFFICE OF THE VICE PRESIDENT FOR FINANCE AND TREASURER IN CONJUNCTION WITH THE OFFICE OF THE COMPTROLLER AND INCLUDES THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS, SUMMARY OF ENDOWMENT PERFORMANCE, AND MESSAGES FROM EXECUTIVE MANAGEMENT. ANNUAL REPORTS ARE PUBLISHED AFTER THE CLOSE OF EACH FISCAL YEAR (JULY 1 TO JUNE 30) AND ARE AVAILABLE ON THE COMPTROLLER WEB SITE AT: HTTP://WWW.FINANCE.UPENN.EDU/COMPTROLLER UNDER FINANCIAL REPORTS. --------------------
FORM 990, PART XI, LINE 9 DETAIL OF OTHER CHANGES IN NET ASSETS PENSION & OTHER POSTRETIREMENT PLAN ADJ. $(205,402,000) ------------ TOTAL $(205,402,000) --------------------
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2023


Additional Data


Software ID:  
Software Version:  
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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
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) UNIV OF PENN (HK) FND LIMITED
ROOM 8 7/F K WAH CENTRE
JAVA RD,HONG KONG  
HK
98-1062727 		CHARITY HK 220,908 3,157,754 TRUSTEES
 
(2) UNIV OF PENN USA FOUNDATION LTD
19 NORCOTT ROAD
LONDON,ENGLANDN167EJ
UK
98-0387770 		CHARITY UK -1,884,847 909,830 TRUSTEES
 
(3) TRUSTEES OF THE UNIV OF PENN LTD
244G ROOM 103 UB MAIN CAMPUS
GABORNE    
BC
EDUCATION BC -121,108 408,085 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?
Yes No
(1)AFFILIA HOME HEALTH
1811 OLDE HOMESTEAD LANE

LANCASTER,PA17601
23-1352572 		HOME HEALTH PA 501(c)(3) 10 LG HEALTH
 
Yes
 
(2)CARL V S PATTERSON IRR
116 ALLEGHENY CENTER MAIL P8YB3502L

PITTSBURGH,PA15212
23-6415355 		SUPPORT TRUST PA 4947(A)(1) N/A NA
 
 
No
(3)CHESTER COUNTY HOSPITAL
701 E MARSHALL STREET

WEST CHESTER,PA19380
23-0469150 		HEALTHCARE PA 501(C)(3) 3 CCH&HS
 
Yes
 
(4)CHESTER COUNTY HOSPITAL & HEALTH SYSTEM
701 E MARSHALL STREET

WEST CHESTER,PA19380
26-4233321 		MGMT SRVCS PA 501(C)(3) 12, I TRUSTEES
 
Yes
 
(5)CLINICAL CARE ASSOCIATES OF UPHS
250 KING OF PRUSSIA RD 4TH FL

RADNOR,PA19087
23-2729852 		HEALTHCARE PA 501(c)(3) 10 TRUSTEES
 
Yes
 
(6)HAJOCA 3025 INC
3451 WALNUT STREET ROOM 737

PHILADELPHIA,PA19104
84-3379653 		SUPPORT ORG PA 501(c)(3) 12, I TRUSTEES
 
Yes
 
(7)LAISE CA TUW FBO UNIV OF PENN
3451 WALNUT STREET SUITE 305

PHILADELPHIA,PA19104
82-3434615 		SUPPORT TRUST PA 4947(A)(1) N/A NA
 
Yes
 
(8)LANCASTER GENERAL HEALTH
555 NORTH DUKE STREET

LANCASTER,PA17602
23-2250941 		SUPPORT ORG PA 501(C)(3) 12, II TRUSTEES
 
Yes
 
(9)LANCASTER GENERAL HEALTH COLUMBIA CENTER
306 NORTH 7TH STREET

COLUMBIA,PA17512
23-0485650 		FACILITY MGMT PA 501(C)(3) 3 LG HOSPITAL
 
Yes
 
(10)LANCASTER GENERAL HEALTH FOUNDATION
555 NORTH DUKE STREET

LANCASTER,PA17602
20-5767147 		FUNDRAISING PA 501(C)(3) 7 NA
 
 
No
(11)LANCASTER GENERAL HEALTH HOLDINGS
555 NORTH DUKE STREET

LANCASTER,PA17602
20-4943109 		HEALTHCARE PA 501(C)(3) 3 LG HEALTH
 
Yes
 
(12)LANCASTER GENERAL HOSPITAL
555 NORTH DUKE STREET

LANCASTER,PA17602
23-1365353 		HEALTHCARE PA 501(C)(3) 3 LG HEALTH
 
Yes
 
(13)LANCASTER GENERAL MEDICAL GROUP
1097 COMMERCIAL AVE

EAST PETERSBURG,PA17520
23-2777286 		HEALTHCARE PA 501(C)(3) 3 LG HEALTH
 
Yes
 
(14)MORRIS EST LYDIA T DECD TW
6325 S RAINBOW BLVD STE 300

LAS VEGAS,NV89118
23-6210940 		SUPPORT TRUST NV 501(C)(3) 12, III-FI NA
 
 
No
(15)NEIGHBORHOOD HEALTH AGENCIES INC
795 E MARSHALL STREET

WEST CHESTER,PA19380
23-2324782 		NURSING PA 501(C)(3) 12, I CCH&HS
 
Yes
 
(16)NEIGHBORHOOD LEAGUE HEALTH SERVICES
795 E MARSHALL STREET

WEST CHESTER,PA19380
23-2324787 		HEALTH SRVCS PA 501(C)(3) 10 CCH&HS
 
Yes
 
(17)NEIGHBORHOOD VISITING NURSE ASSOCIATION
795 E MARSHALL STREET

WEST CHESTER,PA19380
23-1352243 		NURSING PA 501(C)(3) 7 CCH&HS
 
Yes
 
(18)OAP INC
3451 WALNUT STREET ROOM 748

PHILADELPHIA,PA19104
23-1986931 		SUPPORT ORG PA 501(c)(3) 12, I TRUSTEES
 
Yes
 
(19)PENN CENTER FOR REHAB AND CARE
3609 CHESTNUT STREET

PHILADELPHIA,PA19104
23-2422635 		HEALTHCARE PA 501(c)(3) 3 PMC
 
Yes
 
(20)PENN CLUB OF NEW YORK INC
30 WEST 44TH STREET

NEW YORK,NY10036
23-2726687 		CLUB NY 501(c)(7) N/A NA
 
 
No
(21)PENN PRAXIS INC
210 SOUTH 34TH STREET

PHILADELPHIA,PA19104
75-2974931 		SUPPORT ORG PA 501(c)(3) 12, I TRUSTEES
 
Yes
 
(22)PENNSYLVANIA COLLEGE OF HEALTH SCIENCES
850 GREENFIELD ROAD

LANCASTER,PA17601
06-1645496 		HEALTH EDU PA 501(C)(3) 2 LG HOSPITAL
 
Yes
 
(23)PENNSYLVANIA HOSPITAL OF UPHS
800 SPRUCE STREET

PHILADELPHIA,PA19107
31-1538725 		HEALTHCARE PA 501(C)(3) 3 TRUSTEES
 
Yes
 
(24)PGH DEVELOPMENT CORP
426 CURIE BLVD

PHILADELPHIA,PA19104
23-2351015 		SUPPORT ORG PA 501(c)(3) 12, I NA
 
 
No
(25)PHOENIXVILLE HOSPITAL OF UPHS
3001 MARKET STREET 3RD FLOOR

PHILADELPHIA,PA19104
23-2901089 		SUPPORT ORG PA 501(c)(3) 3 TRUSTEES
 
Yes
 
(26)PRESBYTERIAN MEDICAL CENTER OF UPHS
51 NORTH 39TH STREET

PHILADELPHIA,PA19104
23-2810852 		HEALTHCARE PA 501(c)(3) 3 TRUSTEES
 
Yes
 
(27)PRINCETON CAREGIVERS INC
ONE PLAINSBORO ROAD

PLAINSBORO,NJ08536
22-2842773 		HOMECARE SVCS NJ 501(C)(3) 3 PHCS HOLDING
 
Yes
 
(28)PRINCETON HEALTHCARE AFFILIATED PHYS PC
ONE PLAINSBORO ROAD

PLAINSBORO,NJ08536
26-4203938 		HEALTHCARE NJ 501(C)(3) 10 PHCS HOLDING
 
Yes
 
(29)PRINCETON HEALTHCARE SYSTEM
ONE PLAINSBORO ROAD

PLAINSBORO,NJ08536
21-0635009 		HEALTHCARE NJ 501(C)(3) 3 PHCS HOLDING
 
Yes
 
(30)PRINCETON HEALTHCARE SYSTEM FDN INC
ONE PLAINSBORO ROAD

PLAINSBORO,NJ08536
22-2225911 		SUPPORT PHCS NJ 501(C)(3) 7 PHCS HOLDING
 
Yes
 
(31)PRINCETON HLTHCARE SYSTEM HOLDING INC
ONE PLAINSBORO ROAD

PLAINSBORO,NJ08536
22-3493256 		SUPPORT ORG NJ 501(C)(3) 12, I TRUSTEES
 
Yes
 
(32)PRINCETON MEDICAL PROPERTIES INC
ONE PLAINSBORO ROAD

PLAINSBORO,NJ08536
22-0022702 		REAL ESTATE NJ 501(C)(2) N/A PHCS HOLDING
 
Yes
 
(33)THE ASC TRUST OF THE UNIV OF PA
1500 MARKET ST STE 3500E

PHILADELPHIA,PA19102
81-0550464 		BUS. TRUST PA 501(c)(3) 8 NA
 
 
No
(34)THE HEART GROUP OF LANCASTER GEN HEALTH
217 HARRISBURG AVENUE

LANCASTER,PA17603
30-0634510 		CARDIOLOGY PA 501(C)(3) 3 LG HEALTH
 
Yes
 
(35)THE LEONARD AND MADLYN ABRAMSON INST
421 CURIE BLVD 450 BRB II/III

PHILADELPHIA,PA19104
23-2929823 		MED RESEARCH PA 501(c)(3) 4 NA
 
 
No
(36)UNIVERSITY CITY ASSOCIATES INC
3451 WALNUT STREET ROOM 329

PHILADELPHIA,PA19104
23-3021159 		SUPPORT ORG PA 501(c)(3) 12, I TRUSTEES
 
Yes
 
(37)UNIVERSITY CLUB AT PENN INC
3611 WALNUT STREET

PHILADELPHIA,PA19104
23-6299508 		FAC. CLUB PA 501(c)(3) 12, I TRUSTEES
 
Yes
 
(38)UPENN INTERNATIONAL
3451 WALNUT STREET SUITE 731

PHILADELPHIA,PA19104
45-4985731 		SUPPORT ORG PA 501(C)(3) 12, I TRUSTEES
 
Yes
 
(39)UPENN MASTER RETIREMENT TRUST
3451 WALNUT STREET ROOM 305

PHILADELPHIA,PA19104
04-3574136 		RETIRE TRUST PA 501(A) N/A TRUSTEES
 
Yes
 
(40)UPENN RETIREE BENEFITS TRUST
3451 WALNUT STREET ROOM 329

PHILADELPHIA,PA19104
23-2769744 		BENEFITS PA 501(c)(3) 12, I TRUSTEES
 
Yes
 
(41)WISSAHICKON HOSPICE OF UPHS
150 MONUMENT ROAD SUITE 300

BALA CYNWYD,PA19004
23-2152662 		HOSPICE CARE PA 501(c)(3) 10 TRUSTEES
 
Yes
 
(42)PENN MEDICINE-PMA
5 ATRIUM 3400 CIVIC CENTER BLVD

PHILADELPHIA,PA19104
86-3800365 		HEALTHCARE PA 501(c)(3) 10 CCA
 
Yes
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) PDCP 1740 FUND LP

311 S WACKER DRIVE SUITE 2620
CHICAGO,IL60606
32-0472404 		INVESTMENT IL TRUSTEES
  		EXCLUDED FROM TAX 21,318,312 237,701,767   No 0   No 99.999 %
(2) CYRUS 1740 FUND LP

65 E 55TH STREET 35TH FLOOR
NEW YORK,NY10022
82-1211542 		INVESTMENT NY TRUSTEES
  		EXCLUDED FROM TAX 5,838,582 44,367,211   No 0   No 98.210 %
(3) CYRUS 1740 MASTER FUND LP

89 NEXUS WAY CAMANA BAY
CAMANA BAY,GRKY1-9009
CJ
98-1361754 		INVESTMENT CJ NA
  		N/A         0   No  
(4) DVG 1740 FUND LP

ONE FAWCETT PLACE
GREENWICH,CT06830
80-0961539 		INVESTMENT CT TRUSTEES
  		EXCLUDED FROM TAX 80,539,503 73,339,136   No 1,001   No 99.155 %
(5) EAST MARSHALL STREET PARTNERSHIP LP

701 E MARSHALL STREET
WEST CHESTER,PA19380
23-2902742 		INVESTMENT PA NA
  		N/A         0   No  
(6) FERN HILL PARTNERSHIP III LP

701 E MARSHALL STREET
WEST CHESTER,PA19380
30-0409614 		RENTAL PA NA
  		N/A         0   No  
(7) FERN HILL LLC

701 E MARSHALL STREET
WEST CHESTER,PA19380
23-3005147 		RENTAL PA NA
  		N/A         0   No  
(8) GALLOPAVO LP

4215 WEST LOVERS LANE STE 100
DALLAS,TX75209
46-4621967 		INVESTMENT TX TRUSTEES
  		EXCLUDED FROM TAX 68,510,619 55,986,316   No -244,176   No 94.363 %
(9) JOG V C LIMITED PARTNERSHIP

STE 2370 440 2ND AVE SW
CALGARY,ALT2P5E9
CA
INVESTMENT CA TRUSTEES
  		EXCLUDED FROM TAX 215,585 13,303,492   No 0   No 100.000 %
(10) JOG VI C LIMITED PARTNERSHIP

STE 2370 440 2ND AVE SW
CALGARY,ALT2P5E9
CA
INVESTMENT CA TRUSTEES
  		EXCLUDED FROM TAX 1,730,524 18,521,313   No 0   No 100.000 %
(11) KINGSTOWN 1740 FUND LP

167 MADISON AVE ST 205 1033
NEW YORK,NY10016
84-3119908 		INVESTMENT NY TRUSTEES
  		EXCLUDED FROM TAX -2,839,938 -69,493,682   No 0   No 97.497 %
(12) LANCASTER PET PARTNERSHIP LLP

PO BOX 4216
LANCASTER,PA17604
23-3102793 		MEDICAL SERVICES PA NA
  		N/A         0   No  
(13) LG HEALTH COMM CARE COLLAB II

555 NORTH DUKE STREET
LANCASTER,PA17602
82-3809581 		ACO PA NA
  		N/A         0   No  
(14) LG HEALTH COMMUNITY CARE COLLABORATIVE

555 NORTH DUKE STREET
LANCASTER,PA17602
45-5542179 		ACO PA NA
  		N/A         0   No  
(15) MRI GROUP LLP

PO BOX 4216
LANCASTER,PA17604
33-1011386 		MEDICAL SERVICES PA NA
  		N/A         0   No  
(16) NEIGHBRHD PRES & DEV FUND LP

240 NEW YORK DR STE 1
FORT WASHINGTON,PA19034
23-3037919 		RENTAL PA NA
  		N/A         0   No  
(17) OAKLANDS WAY MEDICAL BUILDING ASSOCIATES

701 E MARSHALL STREET
WEST CHESTER,PA19380
83-0490251 		RENTAL PA NA
  		N/A         0   No  
(18) SRP INVESTORS FUND A LP

2001 ROSS AVE SUITE 400
DALLAS,TX75201
61-1748291 		INVESTMENT TX TRUSTEES
  		EXCLUDED FROM TAX -9,593,958 114,694,677   No 0   No 77.747 %
(19) ST-TO RIBBIT OPPORTUNITY V LLC

364 UNIVERSITY AVENUE
PALO ALTO,CA94301
84-1814102 		INVESTMENT CA TRUSTEES
  		EXCLUDED FROM TAX 0 16,501,448   No 0   No 62.264 %
(20) TURK'S HEAD SURGERY CENTER

915 OLD FERN HILL ROAD BLDG B STE
WEST CHESTER,PA19380
20-0184603 		MEDICAL SERVICES PA NA
  		N/A         0   No  
(21) UNIVERSA BLACK SWAN PROTECTION PROTOCOL

2601 S BAYSHORE DR SUITE 2030
MIAMI,FL33133
85-2143048 		INVESTMENT FL TRUSTEES
  		EXCLUDED FROM TAX -41,893,632 35,246,140   No 0   No 100.000 %
(22) AXIS UKA GP LLC

240 NEW YORK DRIVE SUITE 1
FORT WASHINGTON,PA19034
27-3617178 		INVESTMENT PA TRUSTEES
  		EXCLUDED FROM TAX -134 94,193   No 0 Yes   50.000 %
(23) LIFT REAL ESTATE PARTNERS FUND II LP

180 SUTTER STREET SUITE 400
SAN FRANCISCO,CA94104
84-4983190 		INVESTMENT CA TRUSTEES
  		EXCLUDED FROM TAX -10,034,242 281,492,828   No 0   No 98.522 %
(24) BEXP II (PARALLEL) LP

5914 W COURTYARD DRIVE
AUSTIN,TX78730
87-3188834 		INVESTMENT TX TRUSTEES
  		EXCLUDED FROM TAX 19,296,805 122,842,392   No 8,838,328   No 51.465 %
(25) FORERUNNER BUILDERS F-G LP

ONE LETTERMAN DRIVE BLDG C SUITE
SAN FRANCISCO,CA94129
87-3427543 		INVESTMENT CA TRUSTEES
  		EXCLUDED FROM TAX 0 11,611,346   No 0   No 100.000 %
(26) GCM CARRIAGE SPV LP

250 WEST 55TH STREET 36TH FLOOR
NEW YORK,NY10019
87-2075062 		INVESTMENT NY TRUSTEES
  		EXCLUDED FROM TAX 0 50,000,000   No 0   No 69.444 %
(27) INITIALIZED CBH SPV LLC

464 TEHAMA STREET
SAN FRANCISCO,CA94103
87-1123527 		INVESTMENT CA TRUSTEES
  		EXCLUDED FROM TAX 0 2,986,756   No 0   No 51.546 %
(28) SAILINGSTONE GLOBAL NATURAL RESOURCES

100 WAUGH DRIVE SUITE 600
HOUSTON,TX77007
37-1770014 		INVESTMENT TX TRUSTEES
  		EXCLUDED FROM TAX 9,365,079 110,656,845   No -1,417,744   No 70.007 %
(29) AUSTIN 512 LP

5914 W COURTYARD DRIVE SUITE 340
AUSTIN,TX78730
92-1329561 		INVESTMENT TX TRUSTEES
  		EXCLUDED FROM TAX 27,937,636 34,612,395   No 0   No 73.665 %
(30) BLACKSTONE REAL ESTATE PARTNERS VIITE5

C/O THE BLACKSTONE GROUP 345 PARK A
NEW YORK,NY10154
80-0815880 		INVESTMENT NY TRUSTEES
  		EXCLUDED FROM TAX -476,006 3,239,028   No -78   No 50.729 %
(31) KEYFRAME 1740 FUND LP

65 E 55TH STREET 35TH FLOOR
NEW YORK,NY10022
88-3210105 		INVESTMENT NY TRUSTEES
  		EXCLUDED FROM TAX 3,154,037 60,088,306   No 0   No 90.058 %
(32) LIFT REAL ESTATE PARTNERS FUND III LP

180 SUTTER STREET SUITE 400
SAN FRANCISCO,CA94104
87-2869560 		INVESTMENT CA TRUSTEES
  		EXCLUDED FROM TAX -8,331,157 136,245,038   No 0   No 97.246 %
(33) NEUBERGER BERMAN HEDGED CRYPTOCURRENCY

1290 AVENUE OF THE AMERICAS 22ND F
NEW YORK,NY10104
87-1241085 		INVESTMENT NY TRUSTEES
  		EXCLUDED FROM TAX 7,413,637 24,831,785   No 0   No 50.702 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) ARCM 1740 LTD

27 HOSPITAL ROAD
  GRAND CAYMANKY1-9008
CJ
INVESTMENTS CJ TRUSTEES
  		C-CORP 8,177 76,926 90.000 % Yes  
(2) CLINICAL HEALTH CARE ASSOC OF NJ PC

250 KING OF PRUSSIA RD 4TH FL
RADNOR,PA19087
23-2865181 		PHYS MGMT PA CCA
  		C-CORP       Yes  
(3) DELANCEY CORPORATION

800 SPRUCE STREET
PHILADELPHIA,PA19106
23-2060159 		RENTAL PA PA HOSPITAL
  		C-CORP       Yes  
(4) FRANKLIN CASUALTY INSURANCE CO

PO BOX 530
BURLINGTON,VT05402
04-3378984 		INSURANCE VT TRUSTEES
  		C-CORP 474,862 37,049,266 100.000 % Yes  
(5) LANCASTER GENERAL 457 DEFERRED COMP PLAN

555 NORTH DUKE STREET
LANCASTER,PA17602
23-2250941 		TRUST PA LG HEALTH
  		TRUST         No
(6) LANCASTER GENERAL SERVICES INC

555 NORTH DUKE STREET
LANCASTER,PA17602
23-2250128 		PROPERTY SVCS PA LG HEALTH
  		C-CORP       Yes  
(7) NAYA 1740 FUND LTD

PO BOX 309
UGLAND HOUSE,GRAND CAYMANKY1-1104
CJ
INVESTMENTS CJ TRUSTEES
  		C-CORP 154,359,239 1,103,455,927 97.000 % Yes  
(8) PENN MEDICINE LONDON LIMITED

VISTRA SUITE 2 FIRST FLOOR
TEMPLE BACK,BRISTOLBS1 6FL
UK
NETWORKING UK UPENN INT'L
  		LIMITED COMPANY       Yes  
(9) PENN WHARTON CONSULTING (BEIJING) CO LTD

UNIT 3106 LEVEL 31 YINTAI OFFICE C
BEIJING,CHAOYANG DISTTRIC10022
CH
BUS. CONSULTING CH UPENN INT'L
  		C-CORP       Yes  
(10) PHI PHARMACY INC

ONE PLAINSBORO ROAD
PLAINSBORO,NJ08536
22-3467899 		INACTIVE NJ PHCS HOLDING
  		C-CORP       Yes  
(11) PRINCETON HEALTH INC & SUBS

ONE PLAINSBORO ROAD
PLAINSBORO,NJ08536
22-3450093 		MEDICAL NJ PHCS HOLDING
  		C-CORP       Yes  
(12) QUAKER INSURANCE COMPANY LTD

VICTORIA STREET PO BOX HM 1826
VICTORIA HALL,HAMILTONHM HX
BD
30-0708282 		SELF-INSURANCE BD TRUSTEES
  		C-CORP 15,312,566 270,012,325 100.000 % Yes  
(13) THE PAM 1740 FUND LTD

PO BOX 309
GEORGE TOWN,GRAND CAYMANKYI-1104
CJ
INVESTMENTS CJ TRUSTEES
  		C-CORP 75,593,305 472,178,375 100.000 % Yes  
(14) TURK'S HEAD HEALTH SERVICES INC

701 E MARSHALL STREET
WEST CHESTER,PA19380
23-2329753 		MEDICAL SERVICES PA CCH&HS
  		C-CORP       Yes  
(15) UPENN HOSPITALITY INC

3401 WALNUT STREET SUITE 440A
PHILADELPHIA,PA19104
23-3076589 		HOTEL/RESTAURANT PA TRUSTEES
  		C-CORP 17,874,062 12,930,293 100.000 % Yes  
(16) CYRUS 1740 FUND LTD

89 NEXUS WAY CAMANA BAY
  GRAND CAYMANKY1-9009
CJ
98-1361907 		INVESTMENTS CJ TRUSTEES
  		LIMITED COMPANY 64,427,354 128,862,231 99.918 % Yes  
(17) CHARITABLE REMAINDER TRUSTS (50)

 
 
N/A PA NA
  		REMAINDER TRUST         No
Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
Yes
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) CYRUS 1740 FUND LP

 B, C 25,304,452 FMV
(2) NAYA 1740 FUND LTD

 C 30,000,000 FMV
(3) SRP INVESTORS FUND A

 B,C 3,686,080 FMV
(4) DVG 1740 FUND LP

 B,C 228,141,815 FMV
(5) GALLOPAVO LP

 B,C 106,135,116 FMV
(6) JOG LIMITED PARTNERSHIP NO VI CO-INVEST

 B,C 1,902,041 FMV
(7) LIFT REAL ESTATE PARTNERS FUND II LP

 B 32,940,399 FMV
(8) KINGSTOWN 1740 FUND

 B 1,000,000 FMV
(9) UNIVERSA BLACK SWAN PROTECTION LVIII LP

 B 41,100,000 FMV
(10) BEXP II (PARALLEL) LP

 B 10,000,000 FMV
(11) CYRUS 1740 FUND LTD

 B 50,000,000 FMV
(12) AUSTIN 512 LP

 B,C 45,279,743 FMV
(13) BLACKSTONE REAL ESTATE PARTNERS VIITE5 LP

 B,C 153,057 FMV
(14) LIFT REAL ESTATE PARTNERS FUND III LP

 B,C 27,719,899 FMV
(15) FRANKLIN CASUALTY INSURANCE CO

 R 57,765,723 FMV
(16) PENN PRAXIS

 O 972,997 FMV
(17) UPENN HOSPITALITY INC

 A 1,500,000 FMV
(18) PRESBYTERIAN MEDICAL CENTER

 K,O,P 101,622,938 FMV
(19) UPENN INTERNATIONAL

 B,L 2,521,145 FMV
(20) UPENN RETIREE BENEFITS TRUST

 B 44,862,450 FMV
(21) WISSAHICKON HOSPICE OF UPHS

 O,P,R 163,540 FMV
(22) LANCASTER GENERAL HOSPITAL

 O 190,698 FMV
(23) TRUSTEES OF THE UNIV OF PENN LTD

 R 2,053,539 FMV
(24) UNIV OF PENN USA FOUNDATION LTD

 R,S 15,477,378 FMV
(25) UNIV OF PENN (HK) FND LIMITED

 R,S 6,977,623 FMV
Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
SCHEDULE R, PART IV, LINE 4 DETAIL OF LEGAL DOMICLES FOR CHARITABLE REMAINDER TRUSTS AS OF JUNE 30, 2024, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") HELD INTERESTS IN 1 POOLED LIFE INCOME FUND IN PENNSYLVANIA, 1 CHARITABLE REMAINDER TRUST IN DELAWARE, 2 CHARITABLE REMAINDER TRUSTS IN FLORIDA, 1 CHARITABLE REMAINDER TRUST IN NEW YORK AND 45 CHARITABLE REMAINDER TRUSTS IN PENNSYLVANIA, WHERE THE UNIVERSITY HAD MORE THAN 50% OF THE BENEFICIAL INTERESTS IN THE TRUSTS.
Schedule R (Form 990) 2023

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