Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (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 | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 784,101,109 | 917,884,430 | 964,367,403 | 1,185,896,203 | 1,620,683,178 | 5,472,932,323 |
| 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 | 784,101,109 | 917,884,430 | 964,367,403 | 1,185,896,203 | 1,620,683,178 | 5,472,932,323 |
| 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. | 5,472,932,323 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 784,101,109 | 917,884,430 | 964,367,403 | 1,185,896,203 | 1,620,683,178 | 5,472,932,323 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 101,798,775 | 59,330,595 | 129,948,544 | 158,684,207 | 139,061,481 | 588,823,602 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 6,417,878 | 34,282,165 | 36,283,902 | 44,647,523 | 39,941,400 | 161,572,868 |
| 11 | Total support. Add lines 7 through 10 | 6,261,058,131 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 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) |
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| 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): |
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| 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 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
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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 2024 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-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
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2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
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5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| SCHEDULE E, PART I, LINE 3 | THE UNIVERSITY'S NONDISCRIMINATION POLICY IS POSTED ON BULLETIN BOARDS ACROSS THE UNIVERSITY AND ELECTRONICALLY ON THE HUMAN RESOURCES WEBSITE. IT IS INCLUDED IN KEY RECRUITMENT MATERIALS AND PUBLICATIONS AND IS THE FOUNDATION FOR THE DISCRIMINATION AND DISCRIMINATORY HARASSMENT POLICY PUBLISHED ANNUALLY. |
| SCHEDULE E, PART I, LINE 6A | WASHINGTON UNIVERSITY RECEIVED FUNDS FROM THE DEPARTMENT OF EDUCATION FOR THE ADMINISTRATION OF CAMPUS-BASED STUDENT FINANCIAL AID PROGRAMS, INCLUDING PERKINS LOANS, PELL GRANTS, SEOG GRANTS AND FEDERAL WORK STUDY FUNDING. THE STATE OF MISSOURI PROVIDES SIMILAR FUNDING. |
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| FORM 990, PART I, LINE 1 | COMMUNITY SERVICES. ITS SCHOOLS AND COLLEGES ENCOMPASS MOST AREAS OF SCHOLARSHIP AND PROFESSIONAL TRAINING, WITH INTERSCHOOL CENTERS AND INSTITUTES, LIBRARIES, COMPUTING FACILITIES, ATHLETIC PROGRAMS AND UNDERGRADUATE AND GRADUATE HOUSING. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE DEGREES AND SPONSORS INTERDISCIPLINARY INSTITUTES AND CENTERS ENGAGED PRINCIPALLY IN RESEARCH AND ADVANCED TRAINING. MANY EDUCATIONAL PROGRAMS INCLUDE ONE OR MORE PRACTICUM OR EXPERIENTIAL LEARNING COMPONENTS. THE SCHOOL OF MEDICINE (WUSM) IS AMONG THE LEADING MEDICAL RESEARCH INSTITUTIONS IN THE NATION. WUSM CARRIES OUT ITS EDUCATIONAL, RESEARCH, AND CLINICAL PROGRAMS THROUGH 23 DEPARTMENTS, APPROXIMATELY 60 DIVISIONS, 4 PROGRAMS IN ALLIED HEALTH PROFESSIONS, AND A COMPREHENSIVE CANCER CENTER, AND PROVIDES PATIENT CARE AS PART OF ITS EDUCATIONAL AND RESEARCH PROGRAMS. WUSM PROVIDES EMERGENCY AND NON-EMERGENCY MEDICAL CARE TO ALL PATIENTS IN ITS COMMUNITY, INCLUDING THOSE WHO ARE UNDERINSURED AND NON-INSURED AS WELL AS THOSE WHO HAVE ADEQUATE INSURANCE COVERAGE OR THE ABILITY TO PAY FOR SUCH CARE. |
| FORM 990, PART I, LINE 6 | VOLUNTEERS SUPPORT AND BENEFIT THE ORGANIZATION IN A WIDE VARIETY OF ACTIVITIES, PROGRAMS, AND SERVICES, INCLUDING SERVICE AS TRUSTEES OR ADVISORS WHO RECEIVE NO COMPENSATION FOR THEIR SERVICE ON VARIOUS UNIVERSITY COUNCILS. THE TOTAL COUNT PROVIDED IS AN ESTIMATE BASED ON SURVEYING DEPARTMENTAL ADMINISTRATORS. |
| FORM 990, PART III, LINE 1 | WASHINGTON UNIVERSITY'S MISSION IS TO ACT IN SERVICE OF TRUTH THROUGH THE FORMATION OF LEADERS, THE DISCOVERY OF KNOWLEDGE AND THE TREATMENT OF PATIENTS FOR THE BETTERMENT OF OUR REGION, OUR NATION, AND OUR WORLD. AT WASHINGTON UNIVERSITY, WE GENERATE, DISSEMINATE, AND APPLY KNOWLEDGE. WE FOSTER FREEDOM OF INQUIRY AND EXPRESSION OF IDEAS IN OUR RESEARCH, TEACHING, AND LEARNING. WE AIM TO CREATE AN ENVIRONMENT THAT ENCOURAGES AND SUPPORTS WIDE-RANGING EXPLORATION AT THE FRONTIER OF DISCOVERY BY EMBRACING DIVERSE PERSPECTIVES FROM INDIVIDUALS OF ALL IDENTITIES AND BACKGROUNDS. WE PROMOTE HIGHER EDUCATION AND RIGOROUS RESEARCH AS A FUNDAMENTAL COMPONENT OF AN OPEN, VIBRANT SOCIETY. WE STRIVE TO ENHANCE THE LIVES AND LIVELIHOODS NOT ONLY OF OUR STUDENTS, PATIENTS, AND EMPLOYEES, BUT ALSO OF THE PEOPLE OF THE GREATER ST. LOUIS COMMUNITY AND BEYOND. WE DO SO BY ADDRESSING SCIENTIFIC, SOCIAL, ECONOMIC, MEDICAL, AND OTHER CHALLENGES IN THE LOCAL, NATIONAL, AND INTERNATIONAL REALMS. OUR GOALS ARE: TO FOSTER EXCELLENCE AND CREATIVITY IN OUR TEACHING, RESEARCH, SCHOLARSHIP, PATIENT CARE AND SERVICE; TO WELCOME STUDENTS, FACULTY, AND STAFF FROM ALL BACKGROUNDS TO CREATE AN INCLUSIVE, EQUITABLE COMMUNITY THAT IS NURTURING AND INTELLECTUALLY RIGOROUS; TO CULTIVATE IN STUDENTS HABITS OF LIFELONG LEARNING AND CRITICAL AND ETHICAL THINKING, THEREBY ENABLING THEM TO BE PRODUCTIVE MEMBERS AND LEADERS OF A GLOBAL SOCIETY; AND TO CONTRIBUTE POSITIVELY TO OUR HOME COMMUNITY OF ST. LOUIS, AND TO EFFECT MEANINGFUL, CONSTRUCTIVE CHANGE IN OUR WORLD. TO THIS END WE INTEND: TO HOLD OURSELVES TO THE HIGHEST STANDARDS OF EXCELLENCE; TO EDUCATE ASPIRING LEADERS OF GREAT ABILITY FROM DIVERSE BACKGROUNDS; TO ENCOURAGE FACULTY AND STUDENTS TO BE INNOVATIVE, BOLD, INDEPENDENT, CRITICAL THINKERS; TO BUILD AN INCLUSIVE, EQUITABLE, RESPECTFUL, ETHICALLY-PRINCIPLED ENVIRONMENT FOR LIVING, TEACHING, LEARNING AND WORKING FOR THE PRESENT AND FUTURE GENERATIONS; AND TO FOCUS ON MEANINGFUL MEASURABLE RESULTS FOR ALL OF OUR ENDEAVORS. |
| FORM 990, PART III, LINE 4D | ACADEMIC SUPPORT: REPRESENTS PRIMARILY ADMINISTRATIVE ACTIVITIES THAT DIRECTLY SUPPORT PROGRAM SERVICES BUT DO NOT QUALIFY AS MANAGEMENT AND GENERAL COSTS. SIGNIFICANT COMPONENTS INCLUDE THE CENTRAL AND SCHOOL LIBRARIES, ANIMAL CARE, ENVIRONMENTAL COMPLIANCE, THE DEANS' OFFICES, SCHOOL INFORMATION SYSTEMS, SCHOOL-SPECIFIC HUMAN RESOURCE ACTIVITIES, AND HUMAN RESEARCH PARTICIPANT PROTECTION. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIR, VICE CHAIRS, CHANCELLOR AND NOT LESS THAN SIX VOTING MEMBERS OF THE BOARD OF TRUSTEES APPOINTED BY THE BOARD AT ITS ANNUAL MEETING. THE EXECUTIVE COMMITTEE IS SUBORDINATE AND RESPONSIBLE TO THE BOARD OF TRUSTEES. IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES EXCEPT (I) TO APPROVE OR AUTHORIZE AMENDMENTS TO THE CHARTER OR BYLAWS OR OTHER MAJOR CHANGES IN THE ORGANIZATION OF THE UNIVERSITY, (II) EXCEPT AS AUTHORIZED OR DELEGATED BY RESOLUTION OF THE BOARD OF TRUSTEES, (A) TO CREATE ANY DEBT ENCUMBERING ANY PROPERTY OF THE UNIVERSITY, (B) TO GRANT DIPLOMAS, OR (C) TO APPROVE BUDGETS, (III) TO GRANT TENURE, AND (IV) TO ACT ON MATTERS AS REGARDS WHICH OTHER SPECIFIC DIRECTIONS HAVE BEEN GIVEN BY THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION A, LINE 2 | TRUSTEES DAVID KEMPER AND BLACKFORD BRAUER HAVE A BUSINESS RELATIONSHIP. TRUSTEES ANDREW BURSKY AND ARNOLD DONALD HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 4 | WASHINGTON UNIVERSITY AMENDED ITS BYLAWS AS FOLLOWS: (A) THE CHANCELLOR IS NOW AN EX-OFFICIO MEMBER, WITHOUT VOTE, OF ALL COMMITTIES OF THE BOARD OF TRUSTEES; AND (B) THE CHIEF INVESTMENT OFFICER IS NOW AN EX-OFFICIO MEMBER, WITHOUT VOTE, OF THE FINANCE COMMITTEE OF THE BOARD. THE WASHINGTON UNIVERSITY INVESTMENT MANAGEMENT COMPANY IS A DIVISION OF THE UNIVERSITY WITH A SEPARATE OVERSIGHT BOARD WITH ITS OWN BYLAWS. THE INVESTMENT MANAGEMENT COMPANY'S BYLAWS WERE AMENDED TO ESTABLISH THAT THE UNIVERSITY'S CHIEF FINANCIAL OFFICER WILL SERVE AS AN EX-OFFICIO MEMBER, WITHOUT VOTE, ON ITS GOVERNING BOARD. |
| FORM 990, PART VI, SECTION A, LINE 5 | DURING THE TAX YEAR, THE UNIVERSITY IDENTIFIED AN EMBEZZLEMENT SCHEME THAT DEFRAUDED THE UNIVERSITY OF OVER $400,000. AN ASSISTANT PROFESSOR SUBMITTED NUMEROUS FRAUDULENT REQUISITIONS TO PROCURE COMPUTER EQUIPMENT CLAIMING THAT IT WAS INTENDED FOR USE IN HIS RESEARCH LABORATORY. THE INDIVIDUAL SUBSEQUENTLY RESOLD THIS COMPUTER EQUIPMENT WITHOUT THE KNOWLEDGE OR AUTHORITY OF THE UNIVERSITY AND RETAINED THE PROCEEDS FOR PERSONAL USE. UPON RECEIVING AN EXTERNAL TIP FROM THE VENDOR OF THE COMPUTER EQUIPMENT, AND A SUBSEQUENT INVESTIGATION AND QUESTIONING OF THE PURCHAESS BY THE INTERNAL AUDIT DEPARTMENT AND UNIVERSITY PERSONNEL, LAW ENFORCEMENT AND THE FBI WERE CONTACTED TO CONDUCT A FULL INVESTIGATION. THE INDIVIDUAL WAS ULTIMATELY SENTENCED TO 27 MONTHS IN PRISON AND ORDERED TO REPAY THE UNIVERSITY FOR ALL MISAPPROPRIATED FUNDS. AS A RESULT OF THIS SITUATION, THE UNIVERSITY HAS USED VARIOUS INTERNAL COMMUNICATION METHODS TO REINFORCE MESSAGING THAT FINANCE PERSONNEL AT ALL LEVELS ARE RESPONSIBLE FOR ADHERENCE TO INTERNAL CONTROLS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS INITIALLY PREPARED BY THE UNIVERSITY'S TAX DEPARTMENT AND THEN REVIEWED BY THE UNIVERSITY'S TAX PREPARERS. THEIR REVIEW IS THOROUGH AND PROVIDES SUFFICIENT ASSURANCE FOR THEM TO SIGN AS PAID PREPARERS. THE RETURN IS THEN REVIEWED BY THE UNIVERSITY'S CONTROLLER (WHO SIGNS THE RETURN) AND ITS CFO. IT IS THEN REVIEWED WITH THE UNIVERSITY'S BOARD OF TRUSTEES AUDIT, RISK, AND COMPLIANCE COMMITTEE. FOLLOWING THEIR REVIEW, THE FINAL RETURN IS MADE AVAILABLE TO THE FULL BOARD. ALL REVIEWS TAKE PLACE PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE UNIVERSITY REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST (COI) POLICIES. THE EXTERNAL PROFESSIONAL ACTIVITIES POLICY DESCRIBES INSTITUTIONAL STANDARDS AROUND EXTERNAL PROFESSIONAL ACTIVITIES, AND PRESCRIBES DISCLOSURE AND REVIEW REQUIREMENTS. EACH OF THE POLICIES ON INSTITUTIONAL CONFLICT OF INTEREST, RESEARCH CONFLICTS OF INTEREST AND CONFLICTS OF INTEREST IN CLINICAL CARE ESTABLISH A DEDICATED COMMITTEE, COMPRISED OF FACULTY AND STAFF, TO ASSESS THE FINANCIAL RELATIONSHIPS OF THE UNIVERSITY, CERTAIN UNIVERSITY LEADERS AND FACULTY, AND DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND A MANAGEMENT PLAN IS WARRANTED. FACULTY INVOLVED IN RESEARCH ARE REQUIRED TO DISCLOSETHEIR FINANCIAL INTERESTS ANNUALLY OR WITHIN 30 DAYS OF A NEW FINANCIAL RELATIONSHIP. THE FINANCIAL DISCLOSURES WHICH DESCRIBE THE FINANCIAL INTERESTS OF THE UNIVERSITY AND LEADERS ARE CIRCULATED TO THE THREE COI COMMITTEES FOR COI EVALUATION, AS APPLICABLE. THE RESEARCH COI AND THE INSTITUTIONAL COI COMMITTEES REGULARLY MONITOR COMPLIANCE WITH MANAGEMENT PLANS. INSTANCES OF NON-COMPLIANCE ARE INVESTIGATED BY STAFF, REVIEWED BY THE APPLICABLE COMMITTEE AND REFERRED TO LEADERSHIP FOR CORRECTIVE ACTION. THE UNIVERSITY COMPLIANCE OFFICE ANNUALLY AUDITS CLINICAL FACULTY MEMBERS COMPLIANCE WITH MANAGEMENT PLANS IMPOSED BY THE CLINICAL COI COMMITTEE. ANY NONCOMPLIANCE IS ADDRESSED AND REMEDIATED BY THE VICE CHANCELLOR FOR CLINICAL AFFAIRS AND THE FACULTY MEMBER'S DEPARTMENT. DISCLOSURES BY STAFF ARE MADE TO THEIR IMMEDIATE SUPERVISORS. DISCLOSURES BY OFFICERS AND DEANS ARE MADE TO THE CHANCELLOR FOR REVIEW AND MANAGEMENT. THE CHANCELLOR REPORTS ON THOSE, AND SUBMITS HIS OWN DISCLOSURE, TO THE CHAIR OF THE BOARD. THE BOARD OF TRUSTEES HAS APPROVED A SEPARATE CONFLICT OF INTEREST POLICY APPLICABLE TO ITS MEMBERS. UNDER THAT POLICY, MEMBERS OF THE BOARD HAVE AN ONGOING, AFFIRMATIVE DUTY TO PROMPTLY DISCLOSE ANY EXISTING OR PROSPECTIVE MATTERS THAT REASONABLY CREATE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST INVOLVING THE UNIVERSITY (INCLUDING 50% OR MORE AFFILIATED ENTITIES) AND THE MEMBER (INCLUDING CERTAIN AFFILIATED BUSINESS ENTITIES AND FAMILY MEMBERS). EACH BOARD MEMBER, UPON HIS OR HER ELECTION AS SUCH, AND ANNUALLY THEREAFTER, IS REQUIRED TO CONFIRM TO THE UNIVERSITY THAT HE OR SHE HAS RECEIVED AND REVIEWED THE CONFLICT OF INTEREST POLICY AND WILL DISCHARGE HIS OR HER RESPONSIBILITIES TO THE UNIVERSITY IN ACCORDANCE THEREWITH. WITH CERTAIN LIMITED EXCEPTIONS, THAT POLICY FURTHER REQUIRES A MEMBER TO BE EXCUSED FROM PARTICIPATION IN OR VOTE ON A MATTER WITH RESPECT TO WHICH SHE/HE HAS A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE RECOMMENDED COMPENSATION OF THE CHANCELLOR, OFFICERS, AND KEY EMPLOYEES (COLLECTIVELY, THE EXECUTIVE GROUP) IS REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE, A COMMITTEE OF INDEPENDENT VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE COMMITTEE'S DISCUSSION AND REVIEW INCLUDES EXAMINATION OF THE EXECUTIVE COMPENSATION CONSULTANT'S MARKET ANALYSIS COMPRISED OF MULTIPLE THIRD-PARTY SOURCES OF COMPARATOR MARKET DATA SPECIFIC TO THOSE INSTITUTIONS WITH WHICH THE UNIVERSITY COMPARES ITSELF. THIS INCLUDES AVAILABLE MARKET DATA PROVIDED BY INDUSTRY SPECIFIC PROFESSIONAL ORGANIZATIONS INCLUDING MOST RECENTLY AVAILABLE FORM 990S. THE CHAIRMAN OF THE BOARD OF TRUSTEES MAKES A RECOMMENDATION TO THE COMMITTEE FOR THE CHANCELLOR'S COMPENSATION, WHICH THEN RECOMMENDS THE CHANCELLOR'S COMPENSATION TO THE EXECUTIVE COMMITTEE. THE CHANCELLOR'S COMPENSATION PACKAGE IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, ACTING ON BEHALF OF THE GOVERNING BOARD. THE CHANCELLOR RECOMMENDS TO THE COMMITTEE THE COMPENSATION OF OFFICERS (WITH THE EXCEPTION OF THE CHIEF INVESTMENT OFFICERS AND KEY PERSONNEL WHO WORK IN THE INVESTMENT MANAGEMENT OFFICE). THE WASHINGTON UNIVERSITY INVESTMENT MANAGEMENT COMMITTEE BOARD DETERMINES THE COMPENSATION AND INCENTIVE PACKAGE FOR KEY PERSONNEL IN THE INVESTMENT MANAGEMENT OFFICE AND MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE REGARDING THE COMPENSATION AND INCENTIVE PACKAGE FOR THE INVESTMENT OFFICER. THE CHIEF INVESTMENT OFFICER'S COMPENSATION AND INCENTIVES PACKAGE IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, ACTING ON BEHALF OF THE GOVERNING BOARD. ALL COMMITTEE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY SUBSTANTIATED IN THE COMMITTEE'S MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY MAKES ITS CHARTER, CONFLICT OF INTEREST POLICY, AND ANNUAL REPORTS AVAILABLE TO THE PUBLIC THROUGH THE UNIVERSITY WEBSITE (SEE 990 PAGE 1 BOX J). |
| FORM 990, PART VII, SECTION A, LINE 1A | REPORTABLE COMPENSATION FOR OFFICER HENSON INCLUDES A VESTING OF AMOUNTS UNDER A NONQUALIFIED DEFERRED COMPENSATION PLAN REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, INDIVIDUALLY OR AS PART OF THEIR OVERALL COMPENSATION. THE AMOUNTS DISTRIBUTED TO OFFICER HENSON, AMONG OTHER AMOUNTS, ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). |
| FORM 990, PART VII, SECTION A, LINE 26 | TRUSTEE ERIC UPIN SERVED AS EXECUTIVE BOARD CHAIR OF THE WASHINGTON UNIVERSITY INVESTMENT MANAGEMENT COMPANY, A DIVISION OF THE UNIVERSITY, FROM JULY 1, 2024 - JUNE 30, 2025. DURING THIS PERIOD, TRUSTEE UPIN DEVOTED AN AVERAGE OF 12 HOURS PER WEEK IN HIS CAPACITY AS EXECUTIVE BOARD CHAIR. DURING THE PERIOD OF JULY 1, 2024 - JUNE 30, 2025, TRUSTEE UPIN DEVOTED AN AVERAGE OF 1.1 HOURS PER WEEK TO THE UNIVERSITY IN HIS CAPACITY AS A MEMBER OF THE BOARD OF TRUSTEES. |
| FORM 990, PART VII, SECTION A, ROW 37 | TRUSTEE ZEPPOS WAS COMPENSATED FOR CONSULTING SERVICES. |
| FORM 990, PART VII, SECTION A, ROW 38 | TRUSTEE NICKERSON IS COMPENSATED AS AN ADJUNCT PROFESSOR FOR TEACHING ACTIVITIES. |
| FORM 990, PART XI, LINE 9 | ($930,593) OF CHANGES AND RECLASSIFICATIONS IN SPLIT-INTEREST AGREEMENTS AND A ($924,551) CHANGE IN UNCOLLECTIBLE PLEDGES. |
| FORM 990, PART IV, LINE 3 | Huron Consulting Group was engaged by Washington University to fulfill the Interim Chief Financial Officer role, which included oversight of financial operations and reporting, budgeting, and treasury services. Officer Gray, while employed by Huron Consulting Group, rendered services to Washington University as the Interim Chief Financial Officer until April 2025. At that time, he became a full-time employee of the University in the role of Executive Vice Chancellor for Finance and Chief Financial Officer. During calendar year 2024, Officer Gray received regular wages from Huron Consulting Group in the amount of $209,253 for services rendered to Washington University. |
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