Form 9'90 Return of Organization Exempt From Income Tax OMB No 1545-0047 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung ^j 004 benefit trust or private foundation) 2L Department of the Treasury • • • • • • Internal Revenue Service No- The org anization may have to use a copy of this return to satisfy state reportin g req uirements. 9 101 A For the 2004 calendar year, or tax year beginnin g 7/1/2004 and ending 6/30/2005 Name of organization B Check if applicable Please C D Employer Identification number use Address change IRS The Trustees of Princeton University label or 2 1-0634501 q Name change print or Number and street (or P 0 box if mail is not delivered to street address) Room/suite E Telephone number q Initial return `Sa' Treasurer's Office , P.O. Box 35 609-258-9431 Speclflc q Final City or town State or coup ZIP + 4 return Instruc • ^' F Accounting method : q Amended return uen,. Princeton NJ 08543-0035 (specify) ► q Application Pending • Section 501 (c)(3) organizations and 4947(a)(1) nonexempt charitable H and I are not applicable to section 527 organrzations. trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiliates? q Yes No G Website: www. princeton.edu ► H(b) If 'Yes; enter number of affiliates ► _ H(c) Are all affiliates included? q Yes q No q J Organization type (check only one) ► 501(c) ( 3) 4 (insert no) or (If 'No; attach a list See instructions.) K Check here the organization's gross receipts are normally not more than $25,000 The H(d) Is this a separate return filed by an o enlzabon organization need not file a return with the IRS, but if the organization received a Form 990 Package in the covered by a group ruling? Yes No mail, it should file a return without financial data Some states require a complete return. I Group Exem ption Number ► M Check the organization is not required ALL Gross receipts Add lines 6b , 8b, 9b, and 10b to line 12 ► 4 , 928 , 092000 to attach Sch. B (Form 990, 990-EZ, or 990-PF). Revenue , Expenses , and Chan ges in Net Assets or Fund Balances (See page 18 of the instructions. ) 1 Contributions, gifts, grants, and similar amounts received: a Direct public support ...... 1a 196 ,004, 000 b Indirect public support ...... • lb J c Government contributions (grants) ...... 1c 200, 094 ,000 d Total (add lines 1a through 1c) (cash $ 360,183,000 noncash $ 35,915,000 ) 1d 396 ,098 ,000 2 Program service revenue including government fees and contracts (from Part VII, line 93) . 2 262 ,473 ,000 3 Membership dues and assessments ...... 3 0 4 Interest on savings and temporary cash investments ...... 4 0 5 Dividends and interest from securities ...... 5 8 , 366 ,000 6 a Gross rents ...... 6a 2 , 688 , 000 b Less: rental expenses ...... 6b 2 ,492 ,000 c Net rental income or (loss) (subtract line 6b from line 6a) ...... 6c 196, 000 7 Other investment income (describe ► See attached 7 518 ,298 , 000 8 a Gross amount from sales of assets other (A) Securities (B) Other > than inventory ...... 3 , 718 , 179 , 000 8a 3 , 399 ,000 b Less: cost or other basis and sales expenses . 3 , 033 844 ,000 8b 3 ,249 ,000 c Gain or (loss) (attach schedule) . . . . . 684 335 000 8c 150 , 000 d Net gain or (loss) (combine line 8c, columns (A) and (B)) ...... 8d 684 ,485 , 000 9 Special events and activities (attach schedule) q If any amount is from gaming , check here ► a Gross revenue (not including $ 196,004,000 of contributions reported on line 1a) ...... 9a 0 b Less: direct expenses other than fundraising expenses . . . . 9b 0 c Net income or (loss) from special events (subtract line 9b from line 9a) ...... 9c 0 10 a Gross sales of inventory, less returns and allowances . . . . 10a b Less: cost of goods sold ...... 10b c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) 10c 0 11 Other revenue (from Part VII, line 103) ^_- --.-_..--.-, 11 18 , 591 , 000 12 Total revenue (add lines 1d 2 , 3 4 5 , 6c, 7 8d, c 10c ° .12 1 ,888 , 507 , 000 13 Program services (from line 44, column (B)) 13 882 , 921 , 000 14 Management and general (from line 44, column (Q6 . 14 97 , 093 , 000 15 Fundraising (from line 44, column (D)) . . . . ( . .^. 2000. . WAY 15 23 533 000 16 Payments to affiliates (attach schedule) ...... 16 0 17 Total expenses (add lines 16 and 44 , column A 17 1 ,003 , 547 ,000 18 Excess or (deficit) for the year (subtract line 17 fro line 9. 18 884 , 960 , 000 19 Net assets or fund balances at beginning of year (from line 73, column (A)) ...... 19 10 ,427 , 330, 000 20 Other changes in net assets or fund balances (attach explanation) ...... 20 229 ,923 , 000 z 21 Net assets or fund balances at end of year (combine lines 18 , 19, and 20) 21 11542 213 000 For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . Form 990 (2004) (HTA)
1^/J^ 990 The Trustees of Princeton 21-0634501 Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations Functional Expenses and section 4947(a)(1) nonexempt chartable trusts but optional for others. (See page 22 of the instrudlons.) Do not include amounts reported on line (B) Program (C) Management (A) Total (D) 6b, 8b, 9b, 10b, or 16 of Part 1. services and general Fundraising 22 Grants and allocations (attach schedule) ...... (cash $ 33,007,000 noncash $ 111,232,000 ) 22 144 ,239 , 000 144,239,0010 23 Specific assistance to individuals (attach schedule) . . . 23 0 24 Benefits paid to or for members (attach schedule) . . . . 24 0 25 Compensation of officers, directors, etc...... 25 4 , 522 ,000 1 , 159 ,000, 3 , 088 ,000 275, 000 26 Other salaries and wages ...... 26 355 ,051 ,000 330 , 525 ,000 13 ,279,000 11 ,247 , 000 27 Pension plan contributions ...... 27 34 , 303 ,000 31 796 , 000 1 ,474 ,000 1 033 000 28 Other employee benefits ...... 28 41 ,402 , 000 38 :377 , 000, 1 , 779 ,000 1 246 000 29 Payroll taxes ...... 29 24 ,631 , 000 22 , 831 , 000 1 , 059 . 000 741,000 30 Professional fundraising fees ...... 30 0 31 Accounting fees ...... 31 0 32 Legal fees ...... 32 1 390 000 10 000 1 075 ,000 305 000 33 Supplies ...... 33 46541 000 44, 564 : 000 1 :291 , 000 686 000 34 Telephone ...... 34 1 , 350, 000 1 , 193 , 000 78 ,000 79, 0 0 35 Postage and shipping ...... 35 2 , 118 , 000 1 , 282 ,000 490,000 346,000 36 Occupancy ...... 36 46 ,404 ,000 41 ,203 , 000 5 , 197 , 000 4 , 000 37 Equipment rental and maintenance ...... 37 13 , 309 , 000 13 , 223 , 000 23 , 000 63 000 38 Printing and publications ...... 38 18 , 216, 000 17 , 729 , 000 183,000 304 , 000 39 Travel ...... 39 16 , 157 , 000 14 ,617 , 000 785 ,000 755 , 000 40 Conferences, conventions, and meetings ...... 40 3 , 162 ,000 2 , 975 , 000 45 ,000 142 ,000 41 Interest ...... 41 26 ,473 ,000 26 ,473 , 000 42 Depreciation, depletion, etc. (attach schedule) . . . . . 42 67 , 801 , 000, 6-7 , 8-0-1 , 0-0-0 43 Other expenses not covered above (itemize). a Post Retirement 43a ------13 ,493, 000 13 ,493 ,000 b Purchased Services •------43b 25 , 061 , 000 19,840,000 3 , 921 . 000 1 , 300 ,000 c Professional Services ------43c 59 776 000 59 776 000 d OtherExpenses______43d 58 , 148 , 000 49 , 591 , 000 3 , 550,000 5 , 007 , 000 e ------43e 0 f ------43f 0 44 Total functional expenses (add lines 22 through 43). Organizations completing columns 0-0, carry these totals to lines 13-15 . 44 1 003547 000 882 , 921 , 000 1 97 , 093 , 000 23, 533, 000 Joint Costs . Check you are following SOP 98-2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? . . . . Yes No If "Yes," enter ( I) the aggregate amount of these joint costs $ 0 (ii) the amount allocated to Program services $ (ill) the amount allocated to Management and general $ and (Iv) the amount allocated to Fundraisina $ Statement of Program Service Accomplish ments (See page 25 of the instructions.) What is the organization 's primary exempt purpose? ______Program Service ► Expenses All organizations must describe their exempt purpose achievements in a clear and concise manner. State the number (Required for501 (c)(3) and (4)orgs , and 4947(a)(1) of clients served , publications issued , etc. Discuss achievements that are not measurable (Section 501(c)(3) and (4) trusts; but optional for organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.) ,,,hPm a Educational and General-Princeton University is a privately endowed non-sectarian institution of higher ------learning _ _ _ with approximateX 4.700 undergraduates and 2,000 Graduate students. _1833 students were Graduated in the 2004-20005 academic_year.------91 b Auxiliary-Activities--Princeton University-furnishes services to students , faculty and staff consistent with its role ------as _ - an institution of higher ------learning ______
c ------
------(Grants and allocations $ d ------
------(Grants and allocations $ e Other program services (attach schedule) (Grants and allocations $ f Total of Program Service Expenses (should equal line 44. column (B). Program services) ...... 882.921.000 Form 990 (2004) Forpr 990 (200A) The Trustees of Princeton University 21-0634501 Page 3 Balance Sheets (See page 25 of the instructions.)
Note : Where required, attached schedules and amounts within the description (A) (B) column should be for end-of-year amounts only Beginning of year End of year 45 Cash-non -interest-bearing ...... 4 , 258 ,000 45 3 ,993 , 000 46 Savings and temporary cash investments ...... 227 753 000 46 287 , 124 , 000
47 a Accounts receivable ...... 47a 247 , 018 , 000 b Less : allowance for doubtful accounts . . . 47b 0 16 , 500 ,000 47c 247 , 018 , 000
48 a Pledges receivable ...... 48a 133 , 957 ,000 b Less : allowance for doubtful accounts . . . 48b 0 124 , 730 , 000 48c 133, 957 , 000 49 Grants receivable ...... 51 139 000 49 54 , 860, 000 50 Receivables from officers , directors , trustees, and key employees (attach schedule) ...... 2 022 000 50 2 , 221 , 000 51 a Other notes and loans receivable (attach V schedule) ...... 51a 297 ,607 , 000 b Less : allowance for doubtful accounts 51b 0 287 293 000 51c 297 ,607 , 000 52 Inventories for sale or use ...... 2 , 934 , 000 52 2 ,458 , 000 53 Prepaid expenses and deferred charges ...... 38 885 000 53 38 , 769 , 000 54 Investments-securities (attach schedule) . . . . Q FMV 9 296 714 000 54 10 ,417 , 397 ,000 55 a Investments-land, buildings, and equipment : basis ...... 55a 35 , 258 , 000 b Less: accumulated depreciation (attach schedule) ...... 55b 0 35 579 000 55c 35 , 258 ,000 56 Investments-other (attach schedule) ...... 0 56 0 57 a Land , buildings , and equipment: basis . . . 57a 2 ,419 , 714 , 000 b Less : accumulated depreciation (attach schedule) ...... 57b 646 ,609 , 000 1 625 000 000 57c 1 , 773 , 105 , 000 58 Other assets (describe ► ) 0 58 0
59 Total assets (add lines 45 throug h 58) (must eq ual line 74) 11 712 807 000 59 13 ,293 , 767 ,000 60 Accounts payable and accrued expenses ...... 190 991 000 60 431 ,472 , 000 61 Grants payable ...... 61 62 Deferred revenue ...... 81 086 000 62 79 , 099 ,000 63 Loans from officers , directors , trustees , and key employees (attach schedule) 0 63 0 64 a Tax-exempt bond liabilities (attach schedule) ...... 753 512 000 64a 972 , 761 , 000 b Mortgages and other notes payable (attach schedule) ...... 46, 155 , 000 64b 44 , 313 , 000 65 Other liabilities (describe ► Deposits held in custody for others ) 213 , 733 ,000 65 223 ,909 ,000
66 Total liabilities (add lines 60 throug h 65) 1:, 285 ,477 ,000 66 1 , 751 , 554 ,000 Organizations that follow SFAS 117, check here 10. EX]and complete lines 67 through 69 and lines 73 and 74. 67 Unrestricted ...... 67 9 ,492 , 910, 000 68 Temporarily restricted ...... 816 795 000 68 888 , 722 , 000 69 Permanently restricted ...... 1 078 378 000 69 1 , 160 , 581 , 000 Organizations that do not follow SFAS 117 , check here C complete lines 70 through 74. 70 Capital stock , trust principal , or current funds ...... 70 71 Paid-in or capital surplus , or land , building , and equipment fund . . . . 71 72 Retained earnings , endowment , accumulated income, or other funds 72 73 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72; column (A) must equal line 19 ; column (B) must equal line 21) . . . . 10 427 ,330, 000 73 11542 213 000 74 Total liabilities and net assets / fund balances (add lines 66 and 73) 11 , 712 , 807 , 000 74 13 293 767 000 Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization. How the public perceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments. 21-0634501 4 1:FTs§VU;J Reconciliation of Revenue per Audited = Reconciliation of expenses per Audited Financial Statements with Revenue per Financial Statements with Expenses per Return (See page 27 of the instructions. Return a Total revenue, gains, and other support a Total expenses and losses per per audited financial statements . . ► a 2222 , 240,000 audited financial statements . . . . ► a 835 ,031 , 000 b Amounts included on line a but not b Amounts included on line a but not on line 12, Form 990: on line 17, Form 990: (1) Net unrealized gains (1) Donated services on investments . . . . $ 229 , 923 ,000 and use of facilities . $ (2) Donated services and (2) Prior year adjustments use of facilities . . . . $ reported on line 20, (3) Recoveries of prior Form 990 ...... $ year grants . . . . . $ (3) Losses reported on (4) Other (specify): line 20, Form 990 . $ see attached- $ 103 , 810, 000 (4) Other (specify): see attached -108 , 740 ,000 ------Add amounts on lines (1) through (4) ► b 333 , 733 ,000 ______$ Add -a-amounts olines-n- (1) through (4) . ► b -108 . 740, 000 c Line a minus line b ...... ► c 1 , 888,507 ,000 c Line a minus line b ...... ► c 943 , 771 , 000 d Amounts included on line 12, d Amounts included on line 17, Form 990 but not on line a: Form 990 but not on line a: (1) Investment expenses (1) Investment expenses not included on line not included on line 6b, Form 990 . . . . $ 6b, Form 990 . . . . $ (2) Other (specify): (2) Other (specify): see attached------59 776 000 ------Add amounts on lines (1) and (2) . . ► d 0 Add amounts on lines (1) and (2) . . ► d 59 776 000 e Total revenue per line 12, Form 990 e Total expenses per line 17, Form 990 (line c plus line d. ► e 1 ,888 , 507 ,000 (line c plus line e 1 , 003 , 547 , 000 FUNM List of Officers, Directors , Trustees , and Key Employees (List each one even if not compensated; see page 27 of the instructions.) C) Compensation ( D) Contributions to (E) Expense (B) Title and average hours ( (A) Name and address ( if not paid, employee benefit plans & account and other per week devoted to position enter -0-.) deferred compensation allowances --- ame SEEATTACHED _ Str------Title c. SCHEDULE ST ZIP Hr/WK 0 0 0 Name Title ------Sv ------city ST ZIP Hr/WK Name Title ------Sa ------City ST ZIP Hr/VVK Name Title ------Sv ------City ST ZIP HrMK Aa.Tq Aq Title ------City ST ZIP Hr/WK Name Str Title ------CiST ZIP Hr/WK Name Title ------SV ------City ST ZIP Hr/WK Name Title ------SV ------City ST ZIP Hr/WK Name Title ------SV ------City ST ZIP HrfWK Name Str Title ------CiST ZIP Hr/WK 75 Did any officer, director, trustee , or key employee receive aggregate compensation of more than $ 100,000 from your organization and all related organizations , of which more than $10 ,000 was provided by the related organizations? E]No If "Yes," attach schedule-see page 28 of the instructions.
Form 990 (2004) Foni, 990 20ca The Trustees of Princeton University 21-0634501 Page 5 Other Information (See page 28 of the instructions. ) Yes No 76 Did the organization engage in any activity not previously reported to the IRS? If 'Yes,' attach a detailed description of each activity . 76 X 77 Were any changes made in the organizing or governing documents but not reported to the IRS? . . . . . 77 X If "Yes," attach a conformed copy of the changes. 78 a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? . 78a X b If "Yes," has it filed a tax return on Form 990-T for this year? ...... 78b X 79 Was there a liquidation , dissolution, termination , or substantial contraction during the year? If "Yes," attach a statement 79 X 80 a Is the organization related (other than by association with a statewide or nationwide organization ) through common membership , governing bodies, trustees , officers, etc., to any other exempt or nonexempt organization? ...... 80a X b If "Yes ," enter the name of the organization ► ------See attached and check whether it is Llexempt or Ononexempt. 81 a Enter------direct and indirect political expenditures . See line 81 instructions . . 81a I b Did the organization file Form 1120-POL for this year? ...... 81b X 82 a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value? ...... 82a X b If "Yes ," you may indicate the value of these items here . Do not include this amount as revenue in Part I or as an expense in Part ll. (See instructions in Part III .) 82b 0 83 a Did the organization comply with the public inspection requirements for returns and exemption applications? 83a X b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? . . . . 83b X 84 a Did the organization solicit any contributions or gifts that were not tax deductible? ...... 84a X b If "Yes ," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ...... 84b N/A 85 501 (c)(4), (5), or(6) organizations. a Were substantially all dues nondeductible by members? ...... 85a b Did the organization make only in-house lobbying expenditures of $2,000 or less? 85b If "Yes" was answered to either 85a or 85b , do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year. c Dues , assessments , and similar amounts from members ...... 85c d Section 162(e) lobbying and political expenditures ...... 85d .' e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices . . 85e If Taxable amount of lobbying and political expenditures (line 85d less 85e) . . 85f 0 g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f" ...... 85 h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? ...... 85h 86 501 (c)(7) orgs. Enter: a Initiation fees and capital contributions included on line 12 . 86a ' ' b Gross receipts , included on line 12 , for public use of club facilities . . . . . 86b 87 501 (c)(12) o s. Enter: a Gross income from members or shareholders . . 87a b Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them .) ...... 87b 88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301 .7701-3? If "Yes," complete Part IX ...... 88 X 89 a 501 (c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under: section 4911 0 ; section 4912 ► ► 0 ; section 4955 ► 0 b 501 (c)(3) and 501 (c)(4) orgs Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach a statement explaining each transaction ...... 89b X c Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912 , 4955, and 4958 ...... ► N/A d Enter: Amount of tax on line 89c, above reimbursed , by the organization ...... ► N/A 90 a List the states with which a copy of this return is filed ► NONE b Number of employees employed in the pay period that includes March 12 , 2004 (See instructions .) 90b 1 9,303 91 The books are in care of Name Office of the Treasurer ______Telephone no. ► 609-258-9431 Located at ► PO Box 35 ______Cibt Princeton ______ST-NJ--- ZIP + 4 ______92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041- Check here ...... and enter the amount of tax-exempt interest received or accrued during the tax year . . . . . ► 1 92 IN/A Form 990 (2004) nom, 990 2004 The Trustees of Princeton University 21-0634501 Page 6 An alysis of income-Producing Activities (See pag e 33 of the instructions. ) Note: Enter gross amounts unless otherwise Unrelated business income Excluded by section 512, 513, or 514 (E) Related or indicated. (A) (B) (C) (D) exempt function Business code Amount Exclusion code Amount 93 Program service revenue: ncome a see attached statement b c d e f Medicare/Medicaid payments ...... g Fees and contracts from government agencies 94 Membership dues and assessments . . . 95 Interest on savings and temporary cash investments 96 Dividends and interest from securities . . . 97 Net rental income or (loss) from real estate* a debt-financed property ...... b not debt-financed property ...... 98 Net rental income or (loss) from personal property 99 Other investment income ...... 100 Gain or (loss) from sales of assets otherthan inventory 101 Net income or (loss) from special events 102 Gross profit or (loss) from sales of inventory 103 Other revenue: a b c d e 104 Subtotal (add columns (B), (D), and (E)) . . . . i 1 01 1 01 0 105 Total (add line 104, columns (B), (D), and (E)) ...... ► 0 Note: Line 105 plus line 1d, Part 1 should equal the amount on line 12, Part I. Relationshi p of Activities to the Accom p lishment of Exem pt Purposes ( See pag e 34 of the instructions. Line No. Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes).
(A) (B) (E) Name, address, and EIN of corporation, Percentage of (C) (D) End-of-year partnership, or disreg arded entity ownershi p interest Nature of activities Total income assets See attached % 0 0 % 0 0 0 0 0 0 Information Rectardina Transfers Associated with Personal Benefit Contracts (See oaae 34 of the instructions.) (a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? Yes QX No (b) Did the organization, during the year, pay premiums, directly o Note: If " Yes" to (b), file Form 8870 and Form 4720 (see instructi Under penalties of perlury, l declare that I have examined this return, and and belief, i e co complete ed ton o pre rer (other Please Sign Signature o officer Here CHRISTOPHER MCCRUDDEN VICE PRESI Type or punt name and title Preparers ' Paid signature Preparers Firm's name (or yours ' Use Only if self-employed), nddrPSC and 71P + d SCHEDULE A I Organization Exempt Under Section 501(c)(3) )MB No 1545-0047 (Form 990 or 990-EZ) (Except Private Foundation) and Section 501(e), 501(f), 501(k), 501(n), or Section 4947(a)(1) Nonexempt Charitable Trust Supplementary Information-(See separate instructions.) 2004 Department of the Treasury MUST completed their Form or 990-EZ Internal Revenue Service ► be by the above organizations and attached to 990 Name of the organization Employer Id
K3,Ma Compensation of the Five Highest Paid Employees Other Than Officers, Directors , and Trustees (See pane 1 of the instructions. List each one. If there are none, enter "None.") (d) Contributions to (e) Expense (a) Name and address of each employee paid more (b) Title and average hours c) Compensation employee benefit plans & account and other than $50,000 per week devoted to position ( deferred compensation allowances Name SEE ATTACHED SCHEDULE Str ------Clty ST Title Zip Country Avg hr/wk Name ---Str ------City ST Title Zip Country Avg hr/wk Name Sir ------Clty ST Title Zip Country Avg hr/wk Name Str ------City ST Title Zip Country Av hr/wk Name Str ------City ST Title Zip Country Av hr/wk Total number of other employees paid over $50 ,000 ► J Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions. List each one (whether individuals or firms) . If there are none, enter "None.")
(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation Name SEE ATTACHED SCHEDULE Check here if a business --- Str------City ST ZIP Country Name Check here if a business Str ------City ST ZIP Country Name Check here if a business Str ------Clty ST ZIP Country Name Check here if a business --- Str------City ST ZIP Country Name Check here if a business Str ------Clty ST ZIP Count Total number of others receiving over $50 ,000 for professional services ► For Paperwork Reduction Act Notice , see the Instructions for Form 990 and Form 990-EZ. Schedule A (Form 990 or 990-EZ) 2004 (HTA) Schedule A (FUrm 990 or 990-EZ) 2004 The Trustees of Princeton U 2 ' Statements About Activities (See page 2 of the instructions .) Yes No
1 During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paid or incurred in connection with the lobbying activities ► $ 40,000 (Must equal amounts on line 38, Part VI-A, or line I of Part VI-B.) ...... 1 X Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A. Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities. 2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary? (If the answer to any question is 'Yes, "attach a detailed statement explaining the transactions.)
a Sale, exchange, or leasing of property? ...... 2a Attached b Lending of money or other extension of credit? ...... 2b Attached c Furnishing of goods, services, or facilities? ...... 2c Attached d Payment of compensation (or payment or reimbursement of expenses if more than $1 ,000)? . 2d Attached
e Transfer of any part of its income or assets? ...... 2e Attached 3a Do you make grants for scholarships , fellowships , student loans , etc ? (If "Yes," attach an explanation of how you determine that recipients qualify to receive payments .) ...... 3a X b Do you have a section 403(b) annuity plan for your employees? ...... 3b X 4 a Did you maintain any separate account for participating donors where donors have the right to provide advice on the use or distribution of funds? ...... 4a X b Do you provide credit counselin g, debt management , credit re pair, or debt negotiation services? 4b X Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions.)
The organization is not a private foundation because it is. (Please check only ONE applicable box ) 5 q A church , convention of churches , or association of churches. Section 170(b)(1)(A)(i). 6 A school Section 170(b)(1)(A)(ii). (Also complete Part V.) 7 q A hospital or a cooperative hospital service organization . Section 170(b)(1)(A)(iii). 8 q A Federal , state, or local government or governmental unit Section 170(b)(1)(A)(v). 9 q A medical research organization operated in conjunction with a hospital . Section 170(b)(1)(A)(iii). Enter the hospital's name , city, and state CL ------ST------Country ------10 q An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)( 1)(A)(iv). (Also complete the Support Schedule in Part IV-A ) 11 a q An organization that normally receives a substantial part of its support from a governmental unit or from the general public. Section 170(b)(1)(A)(vi). (Also complete the Support Schedule in Part IV-A.) 11 b q A community trust. Section 170(b)(1)(A)(vi). (Also complete the Support Schedule in Part IV-A.) 12 q An organization that normally receives* (1) more than 331/3% of its support from contributions , membership fees , and gross receipts from activities related to its charitable , etc., 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) (Also complete the Support Schedule in Part IV-A.)
13 q An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations described in: (1) lines 5 through 12 above; or (2) section 501 (c)(4), (5), or (6), if they meet the test of section 509(a)(2) (See section 509(a)(3).) Provide the following information about the supported organizations . (See page 5 of the instructions.) (b) Line number (a) Name (s) of supported organization(s) from above
14 q An organization organized and operated to test for public safety. Section 509(a)(4) (See page 5 of the instructions)
Schedule A (Form 990 or 990-EZ) 2004 Schetfule A (Forth 990 or 990-EZ) 2004 The Trustees of Princeton Universi ty 21-0634501 Page 3 Support Schedule (Complete only if you checked a box on line 10, 11, or 12.) Use cash method of accounting. Note : You may use the worksheet in the instructions for converfina from the accnial to the cash method of accountina. Calendar year (or fiscal year beg innin g in ) ► (a) 2003 (b) 2002 c 2001 (d) 2000 (e) Total 15 Gifts, grants, and contributions received. (Do not include unusual g rants. See line 28 0 16 Membership fees received 0 17 Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the o rganization's chartable etc. , pu rpose 0 18 Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 0 19 Net income from unrelated business activities not included in line 18 0 20 Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf ...... 0 21 The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without cha rge 0 22 Other income. Attach a schedule. Do not include gain or (loss) from sale of capital assets 0 23 Total of lines 15 throug h 22 0 0 0 0 0 24 Line 23 minus line 17 0 0 0 0 0 25 Enter 1% of line 23 0 0 0 0
26 Organizations described on lines 10 or 11: a Enter 2% of amount in column (e), line 24 ...... ► 26a 0 b Prepare a list for your records to show the name of and amount contributed by each person (other than a Ilk governmental unit or publicly supported organization) whose total gifts for 2000 through 2003 exceeded the amount shown in line 26a. Do not file this list with your return. (=nter the total of all these excess amounts . . . ► 26b c Total support for section 509(a)(1) test. Enter line 24, column (e) ...... ► 26c 0 d Add' Amounts from column (e) for lines' 18 0 19 0 22 0 26b 0 . . . . ► 26d 0 e Public support (line 26c minus line 26d total) . ► 26e 0 f Public su pport percenta ge ( line 26e (numerator) divided by line 26c denominator ► 26f 0.00% 27 Organizations described on line 12: a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person." Do not file this list with your return. Enter the sum of such amounts for each year- (2003) ...... (2002) ...... (2001) (2000) ------.------b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000. (include in the list organizations described in lines 5 through 11, as well as individuals ) Do not file this list with your return. After computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year: (2003) ...... (2002) ...... (2001) (2000) ------
c Add' Amounts from column (e) for lines: 15 0 16 0 17 0 20 0 21 0 ...... ► 27c 0 d Add' Line 27a total . . . 0 and line 27b total 0 ...... ► 27d 0 e Public support (line 27c total minus line 27d total) ...... ► 27e 0 f Total support for section 509(a)(2) test' Enter amount from line 23, column (e) ...... ► 27f 0 ` g Public support percentage (line 27e (numerator) divided by line 27f (denominator)) ...... ► 27 0.00% h Investment Income percenta ge (line 18, column (e) (numerator) divided by line 27f (denominator)) ► 27h 0.00% 28 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2000 through 2003, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant. Do not file this list with your return. Do not include these grants in line 15. Schedule A (Form 990 or 990-EZ) 2004 Schedule A (Form 990 or 990-EZ) 2004 The Trustees of Princeton University 21-0634501 Page 4 Private School Questionnaire (See page 7 of the instructions.) (To be completed ONLY by schools that checked the box on line 6 in Part IV) 29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, Yes No other governing instrument, or in a resolution of its governing body? ...... 29 X
30 Does the organization include a statement of its racially nondiscnminatory policy toward students in all its brochures, catalogues, and other wntten communications with the public dealing with student admissions, programs, and scholarships? ...... 30 X 31 Has the organization publicized its racially nondiscnminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known to all parts of the general community it serves? ...... 31 X If "Yes," please describe; if "No," please explain (If you need more space, attach a separate statement.) ' ------32 Does the organization maintain the following a Records indicating the racial composition of the student body, faculty, and administrative staff? ...... 32a X b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis? ...... 32b X c Copies of all catalogues , brochures , announcements , and other written communications to the public dealing with student admissions , programs , and scholarships? ...... 32c X d Copies of all material used by the organization or on its behalf to solicit contributions? ...... 32d X
If you answered "No" to any of the above , please explain . ( If you need more space, attach a separate statement.) ------33 Does the organization discriminate by race in any way with respect to.
a Students' rights or privileges ? ...... 33a X
b Admissions policies? ...... 33b X
c Employment of faculty or administrative staff? ...... X
d Scholarships or other financial assistance ? ...... X
e Educational policies? ...... ' ...... X
f Use of facilities? ...... X
g Athletic programs? ...... X
h Other extracurricular activities? ...... 33h X
If you answered "Yes" to any of the above, please explain. (If you need more space, attach a separate statement )
34 a Does the organization receive any financial aid or assistance from a governmental agency? ...... X
b Has the organization's right to such aid ever been revoked or suspended? ...... 34b X If you answered "Yes" to either 34a or b, please explain using an attached statement.
35 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4 05 of Rev. Proc 75-50. 1975-2 C.B. 587. covering racial nondiscrimination? If "No." attach an explanatior 1 35 1 X Schedule A (Form 990 or 990-EZ) 2004 Schedule A (Form 990 or 990-EZ) 2004 The Trustees of Princeton University 21-0634501 Page 5 Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions.) (To be completed ONLY by an eligible organization that filed Form 5768) q belongs q "limited control" prov Check if the organization to an affiliated group. Check ► b if you checked "a" and isions apply.
Limits on Lobbying Expenditures To be completed Affiliated group for ALL electing totals (The term "expenditures" means amounts paid or incurred ) org anizations 36 Total lobbying expenditures to influence public opinion (grassroots lobbying) . . . . 36 37 Total lobbying expenditures to influence a legislative body (direct lobbying) ...... 37 40 ,000 38 Total lobbying expenditures (add lines 36 and 37) ...... 38 0 40 ,000 39 Other exempt purpose expenditures ...... 39 124 , 521 , 957 943 , 731 ,000 40 Total exempt purpose expenditures (add lines 38 and 39) ...... 40 124 , 521 , 957 943 , 771 ,000 41 Lobbying nontaxable amount Enter the amount from the following table- If the amount on line 40 Is- The lobbying nontaxable amount is- Not over $500,000 ...... 20% of the amount on line 40 . . . . . 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 41 1 ,000 ,000 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 ...... 42 Grassroots nontaxable amount (enter 25% of line 41) ...... 42 250 ,000 250 , 000 43 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36 ...... 43 0 0 44 Subtract line 41 from line 38 Enter -0- if line 41 is more than line 38 ...... 44 0 0
Caution: If there is an amount on either line 43 or line 44, you must file Form 4720. - , 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 instructions for lines 45 throug h 50 on page 11 of the instructions. ) Lobbying Expenditures During 4-Year Averaging Period
Calendaryear (or (a) (b) (c) (d) (e) fiscal year beginning in) ► 2004 2003 2002 2001 Total
45 Lobbying nontaxable amount 1 000 000 1 ,000 ,000 1 ,000 ,000 1 ,000,000 4 000 000
46 Lobbying ceiling amount (150% of line 45(e)) . - 6 ,000,000
47 Total lobbying expenditures 40,000 40 ,000 40 ,000 40,000 160 000
48 Grassroots nontaxable amount 250,000 250 ,000 250 , 000 250,000 1 ,000,000
49 Grassroots ceiling amount ( 150% of line 48(e)) 5000 ,000
50 Grassroots lobbying expenditures 0 0 0 0 0 Lobbying Activity by Nonelecting Public Charities (For reporting only by organizations that did not complete Part VI-A) (See page 11 of the instructions.)
During the year, did the organization attempt to influence national , state or local legislation , including any Yes No Amount attempt to influence public opinion on a legislative matter or referendum , through the use of. a Volunteers ...... 4`' b Paid staff or management (Include compensation in expenses reported on lines c through h.) ...... c Media advertisements ...... d Mailings to members , legislators, or the public ...... e Publications , or published or broadcast statements ...... f Grants to other organizations for lobbying purposes ...... g Direct contact with legislators , their staffs , government officials , or a legislative body ...... h Rallies , demonstrations, seminars, conventions , speeches , lectures , or any other means . . . i Total lobbying expenditures (Add lines c through h.) ...... 0 If "Yes" to any of the above. also attach a statement giving a detailed description of the lobbying activities. Schedule A (Form 990 or 990-EZ) 2004 Schetlule A (Forfn 990 or 990-FZ) 2004 The Trustees of Princeton Universi 21-0634501 Page 6 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 11 of the instructions.)
51 Did the reporting organization directly or indirectly engage in any of the following with any other organization descnbed in section 501(c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting organization to a noncharitable exempt organization of: Yes No (1) Cash ...... 51a (l) X (ii) Other assets ...... a li X b Other transactions. (i) Sales or exchanges of assets with a nonchantable exempt organization ...... b(i) X (ii) Purchases of assets from a noncharitable exempt organization ...... b( II ) X (lii) Rental of facilities , equipment , or other assets ...... b(I l l) X (iv) Reimbursement arrangements ...... b( iv) X (v) Loans or loan guarantees Nov) X (vi) Performance of services or membership or fundraising solicitations Novi) X c Sharing of facilities , equipment , mailing lists, other assets , or paid employees ...... c X d If the answer to any of the above is "Yes," complete the following schedule . Column (b) should always show the fair market value of the goods , other assets, or services given by the reporting organization If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods , other assets , or services received (a) (b) (c) (d) Line no Amount Involved Name of nonchantable exempt organization Description of transfers, transactions, and sharing arrangements
52 a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501 (c)(3)) or in section 527? t Yes LI No L 1s ".1.. 11 .....I..L. ^L .. [.11...... ,...^L..J..1..
(a) (b) (c) Name of organization Type of organization Description of relationship
Schedule A (Form 990 or 990•EZ) 2004 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1. 2004 -JUNE 30, 2005
Part I. Line 7 - Other Investment Income
Partnership income $ 505,811,000 Planned giving income $ 12.487,000 Total $ 518,298,000 PRINCETON UNIVERSITY. THE TRUSTEES OF 21-0634501
FORM 990 - SUPPORTING SCHEDULE JULY 1. 2004 - JUNE 30, 2005 Part I. Line 8 a-c - Gross Amount Received from Sale of Assets
Date Manner of Date Gross Net Description of Property Acquired Acquisition Sold Purchaser Sales Price Basis Gain (Loss)
Publicly Traded Securities ...... Information Not Required ...... 3,718,179,000 3.033.844.000 684,335,000
229 Hartley Ave Princeton, New Jersey 09/16/02 Purchase 05/04/05 Anthony F. and Louise Grafto; 676.700 351,025 325.675
11 Maclean Circle Princeton, New Jersey 01/14/04 Purchase 05/16/05 Leigh E. Schmidt & Marie Grit 630,032 579.994 50.038
138 Fitzrandolph Princeton. New Jersey 07/22/04 Purchase 09/10/04 Ali Yazdani & Adele Goldberg 1,032.000 915,724 116.276
179 Prospect , Princeton. New Jersey 01/02/03 Purchase 05/16/05 Robert& Nannerl Keohane 1.060,000 1.402,194 (342,194)
3,721.577.732 3.037,092.937 684,484.795
SUMMARY (A) Securities 3,718.179,000 3,033.844,000 684.335,000 (B) Other 3,399.000 3.249.000 150.000 3,721,578,000 3,037.093,000 684.485,000 PRINCETON UNIVERSITY. THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1 , 2004 -JUNE 30. 2005
Part I. Line 20- Other changes in net assets
Unrealized appreciation on investments camed at market value $ 291,697,000 Adjustment for prior year activity for related entity filing separately $ (61,774,000) Total $ 229,923,000 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004 -JUNE 30, 2005
Part 11, Line 22 - Grants and Allocations
A list of recipients of scholarships and fellowships is on file at the institution and is available on request Although there may be recipients who are related to persons having an interest in the institution, such recipients are selected on an equal, objectively determinable basis with other recipients That is, all students receiving scholarships and fellowships are judged worthy by the institution's assessment on the basis of academic achievement, financial need and other similar standards
Part 11, Line 42 - Depreciation
Date Useful Current Description Acquired Cost Method Life Depreciation
Equipment Various $ 221,132,000 S L 10-15 yrs $ 19,465,000
Library books, periodicals and bindings Various 191,000,000 S L 30 yrs 6,367,000
Buildings and improvements Various 1,666,852,000 S L 30-40 yrs 41,969,000
Total $ 67,801,000 Trustees of Princeton University 21-0634501
FORM 990 - SUPPORTING SCHEDULE JULY 1. 2004 - JUNE 30, 2005 Description Part IV, Lino 50 - Receivables due from officers vanable Fair Market Value of Original 06/30/05 06/30/04 Date Maturity Repayment Interest Security provided Purpose Consideration furnished Borrower's Name / Title Amount Balance Due Balance Due of Note Date Terms Rate by borrower of the loan by the lender Robert K. Durkee 236,680.00 221,043.34 223,484.05 10/24/97 10/31/37 1,221.32 a month 5.50% Mortgage Secured Mortgage Cash / $236,680 VP for Public Affairs This 9/92 loan authonzed to $74,000 - includes 8 draws 74,000.00 6,887.00 14,233.78 09/01/92 08/01/06 690.22 a month 5.718%- Promissory Note Education Cash / $74,000
This 9/95 loan authonzed to $90.000 - Includes 4 draws 67,500.00 28,160.80 34,881.95 09/01/95 08/01/09 712 92 a month 5.718%- Promissory Note Education Cash / $67,500
Betty Leydon 450,000.00 435,065.66 439,583.52 12/31/01 11/30/41 2,060.63 a month 4.625% Mortgage Secured Mortgage Cash / $450,000 VP for Information Technology and Chief Information Office r 50,000.00 48,848.25 49,203.07 12/31/01 11/30/41 279.57 a month 6.125% Mortgage Secured Mortgage Cash / $50,000
Christopher McCrudden 450,000.00 433,418.01 437,811 05 05/04/01 04/30/41 2,134.31 a month 4875% Mortgage Secured Mortgage Cash / $450,000 Vice President for Finance and Treasurer
Andrew K. Golden 275,000.00 250,989.07 254,075.56 06/27/95 06/30/35 1,466.41 a month 5.75% Mortgage Secured Mortgage Cash / $275,000 President of Princeton University 28,750.00 26,947.37 27,194.34 06/27/95 06/30/35 184.00 a month 7.25% Mortgage Secured Mortgage Cash / $28,750 Investment Company
Peter McDonough 322,700.00 315,939.94 319,536 01 07/08/03 06/30/43 1,324.89 a month 3.875% Mortgage Secured Mortgage Cash / $322,700 General Counsel
Mark Burstein 148,920.00 147,762 68 - 07/09/04 06/30/44 706.26 a month 4.875% Mortgage Secured Mortgage Cash / $148,920 Executive Vice President
Janet Smith Dickerson 249,335.00 213,137.65 221,625.45 09/29/00 08/31/20 1,772 21 a month 5.875% Mortgage Secured Mortgage Cash / $249,335 Vice President for Campus Life
Christopher Eisgruber (A) 155,000.00 93,000 00 - 08/21/01 06/30/06 Forgivable 0000% Mortgage Secured Real Estate Cash / $155,000 Provost Purchased
grand total 2,221,199 77 2,021,628.78
(A) Appointment effective 7/1/04 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004 -JUNE 30, 2005
Part IV. Line 51 a - Other receivables
Taxable Year
Beginning End Loans to Students and Parents 61,758,000 61,111,000 Loans to Faculty and Staff 225,757,000 236,395,000
Total 287,515,000 297,506,000
Part IV - Line 54 - Investments ( Securities)
Summary of Investments Beginning End
Equities 6,026,238,000 6,241,921,000 Fixed Income 1,146,055,000 988,155,000 Limited Partnership Interests 1,936,700,000 2,806,600,000 Miscellaneous 187,7 21,000 380,721,000
Total 9,296,714,000 10,417,397,000
Part IV - Line 55c - Investments ( Land,buildings and equipment)
Beginning End
Land (Princeton Forrestal Center) 35,579,000 35,258,000 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1 , 2004 -JUNE 30, 2005
Part IV, Line 57a - Land, buildings and equipment
Taxable Year Beginning End
Land 61,595,000 64,196,000 Equipment 229,867,000 221,132,000 Rare books 45,908,000 49,507,000 Library books, periodicals and bindings 179,001,000 191,000,000 Fine art objects 69,370,000 70,125,000 Buildings and improvements 1,509,521,000 1,666,852,000 Construction in Progress 153,011,000 156,902,000
Total 2,248,273,000 2,419,714,000
Part IV - Line 67b - Accumulated depreciation
Equipment S L 10-15 yearE 128,161,000 118,107,000 Library books, periodicals and bindings S L 30 years 62,933,000 67,680,000 Buildings and improvements S L 30-40 yearE 432,179,000 460,822,000
Subtotal 623,273,000 646,609,000
Part IV - Line 57c - Net-depreciable property 1,625,000,000 1,773,105,000
Part IV - Line 65 - Other Liabilities
Deposits Held in Custody for Others 118,898,000 121 ,811,000 Liability under Planned Giving Agreements 85,717, 000 92,651,000 Federal Loan Programs 9,11 8,000 9,447,000
Total 213,733,000 223,909,000 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004 - JUNE 30, 2005
Part N - Line 64a - Tax-exempt bond 5abdrties Beginning of year End of year Lender Due Date Description Rate 06/30/04 06/30/05 N J Educational Facdhes Authority 06/30/2005 Mayor Maintenance, Capital 522 4,955,000 0 Equipment & Construction
N J Educational Fac ties Authority 06/30/2007 Advance Refund portion of 1994 4 87 16,320,000 1,020,000 Series A Bonds
N J Educational Facdrties Authority 06/30/2006 Major Maintenance, Capital 4 52 8,385,000 3,950,000 Equipment & Construction
N J Educational Facilities Authority 06/30/2029 Refund Commercial Paper Notes 480 41.140,000 29,815,000 Construction
N J Educat anal Facilities Authority 06/30/20019 Major Maintenance, Capital 4 75 16,210,000 8,730,000 Equipment & Construction
N J Educational Facilities Authority 06/30/2010 Major Maintenance, Capital 521 16,185,000 10,475,000 Equipment & Construction
N J Educational Facilities Authority 06/30/2027 Refund Commercial Paper Notes 523 68,170,000 20,965,000 Construction
N J Educational Facilities Authority 06/30/2022 Mayor Maintenance, Capital variable 94,200,000 90,700,000 Equipment & Construction
N J Educational Facilities Authority 06/30/2023 Major Maintenance, Capital variable 96,975,000 93,805,000 Equipment & Construction
N J Educational Facilities Authority 06/30/2028 Refund Commercial Paper Notes 3.94 110,370,000 82,760,000 Construction
N J Educational Facilities Authority 06/30/2024 Major Maintenance, Capital variable 75,000,000 72,210,000 Equipment & Construction
N J Educational Facilities Authority 06/30/2019 Refund Various Bonds 3 73 112,835,000 106,875,000
N J Educational Facilities Authority 06/30/2029 Major Maintenance, Capital 450 139,930,000 Equipment & Construction
N J Educational Facilities Authority 06/30/2030 Refund Various Bonds 4 40 137,830,000
N J Educational Facilities Authority 06/30/2035 Major Maintenance, Capital 4 24 114,645,000 Equipment & Construction
N J Educational FacdtiesAuthority 08/30/2020 Capital Improvement Fund 572 1,870,000 1,800,000
N J Educational Facitres Authority 01 /15/2016 Dormitory Safety Trust Fund 9,986,000 9,154,000
N J Educational Fac&ies Authority 08/01/2009 Equipment Leasing Fund 309 49,000 42,000
N J Educational Facilities Authority Various Commercial Paper 1 00 65,000,000 14,000,000 Capital Pptects Subtotal 737,650,000 938,706,000 Plus/(Less) Unamorhzed bond premnan/dscount on N J Educational Facd4res Authority Loans 15,862,000 34,055,000 Total 753,512,000 972,761,000 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-634501
FORM 990 - SUPPORTING SCHEDULE JULY 1, 2004 - JUNE 30, 2005
Part IV - Line 64b - Mortgages and other notes payable Beginning of year End of year Lender Due Date Description Rate 06/30/04 06/30/05
Student Loan Marketing Association Various - latest Princeton Parent Loan Program Varies 2012 2 2 to 9 9 14,610,000 11,318,000
Bank of America Various - latest Princeton Parent Loan Program Vanes 2019 2 0 to 7 4 31,351,000 32,827,000
Various Mortgages Various - latest Mortgages on properties Varies 194,000 168,000 2011 65%to75%
Total 46,155,000 44,313,000 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004 -JUNE 30, 2005
Part IV-A. Line b (4) - Other
Related entities filing separately 272,326,000 Rental expense from Part I. Line 6b 2,492,000 Expenses which were netted against revenue on the financial statements (59,776,000) Scholarship and fellowship expense offset against tuition revenue on financial statements (111,232,000) 103,810,000
Part IV- B, Line b (4) - Other
Rental expense from Part I. Line 6b 2,492,000 Scholarship and fellowship expense offset against tuition revenue on financial statements (111,232,000) (108,740,000)
Part IV- B. Line d (2) - Other Expenses which were netted against revenue on the financial statements 59,766,000 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004 -JUNE 30. 2005
Part V - List of Officers, Directors , Trustees, and Key Employees
1 List of Trustees (none of whom receive compensation, except Shirley M Tilghman, President, Princeton University)
See at/aahed/rs/inys
a Current Trustees b Emerrh Trustees
2 List of Officers
See a/^acried/rsfng 01/10/2006 17:51 609-258-0058 PRINCETON UNIVERSITY PAGE 02/03 2004-2005 PRINCETON UNIVERSITY BOARD OF TRUSTEES Ex officio as of 7129104 Shirley M. Tilghman President of Princeton University James E. McGreevey Governor of the State of New Jersey Trustee Term Ends Residence Occupation Public Affairs, UT at Austin Charles H. Brown, Jr. '02 2006 Austin, TX Grad. Student LBJ School of Marketing Partnerships, Dennis J. Brownlee '74 2011 Washington. DC Managing Director, Clear Channel Clear Channel Worldwide Janet M. Clarke'75 2008 Boca Raton. FL President, Clarke Littlefield, LLC Elizabeth A. Duffy '88 2005 Lawrenceville. NJ Head Master, The Lawrenceville School Associates (venture Anthony B. Evnin '62 2007 Greenwich. CT Managing General Partner, Venrock capital) Company William Clay Ford, Jr. '79 2005 Ann Arbor. MI Chairman and CEO. Ford Motor Research C. Kim Goodwin '81 .2008 Boston, MA Chief Investment Officer, Equities, State Street & Management Co. Eileen Guggenheim *82 2007 New York. NY Vice Chair, The Prince's Foundation, London Kathryn A. Hall '80 2006 San Francisco. CA President and Chief Investment Officer, Offit Hall Capital Management, LLC Wesley L. Harris *68 2005 Cambridge. MA Prof. of Aeronautics/Astronautics, MIT, Dept. Head Preston H. Haskell M'60 2006 Jacksonville. FL Chairman, The Haskell Co. (architec are & construction) Brent L. Henry '69 2009 Boston_ MA VP and General Counsel, Partners HealthCare System, Inc. Mellody L. Hobson'91 2006 Chicago. IL President, Ariel Capital Management, Inc. Rishi S. Jaitly'04 2008 Washington. DC Executive Associate, College Summit Inc. Martin P_ Johnson '81 2006 Trenton. NJ President, Isles, Inc. (public charity) Olivier Y. Kamanda'03 2007 Chevy Chase. MD Management Analyst, BearingPoint Dennis J. Keller'63 2010 Oak Brook, IL Chair/Co-CEO, DEVRY INC. and DeVry University Inc. Jin "P.J." Kim'01 2005 Cambridge, MA Grad. Student, Harvard Bus. Sch./Kennedy Sch. of Gov. Richard D. Krugman'63 2005 Castle Rock, CO Dean, U. Colorado School of Medicine James A. Leach '64 2006 Iowa City. IA U.S. Congressman from Iowa Peter B. Lewis '55 2007 Coconut Grove, FL Chairman, The Progressive Corporation (auto ins.) Karen Magee '83 2011 New York NY Senior Vice President, Time Warner Strategic Planning James S. McDonnell 111'58 2007 St Louis, MO Retired; former Corporate Vice President, McDonnell Douglas Corp. Heidi G_ Miller'74 2014 Greenwich, CT Exec. VP and CEO, J.P. Morgan Chase Treasury Services Robert S. Murley '72 2005 Lake Forest, IL Vice Chairman, Credit Suisse First Boston LLC Nancy J. Newman '78 2008 Atlanta, GA Professor; Dir. of Neuro-Ophthalmology, Emory Univ. Louise M. O'Brien '82 2007 Boston, MA Consulting Editor, Harvard Business Review Stephen A. Oxman '67 2012 Short Hills. NJ Senior Advisor, Morgan Stanley (investment banking) Robert H. Rawson, Jr. '66 2005 Shaker Heights, OH Attorney; Partner in Charge, Cleveland Office, Jones Day Neil L. Rudenstine '56 2006 Princeton, NJ Chair, ArtSTOR Advisory Board, Andrew W. Mellon Fdn_ Louise S_ Sams '79 2014 Atlanta. GA Exec. VP & Gen. Counsel, Turner Broadcasting System, Inc.; Pres, Turner Broadcasting System Int'l, Inc. Paul S. Sarbanes '54 2006 Baltimore, MD U.S. Senator from Maryland Eric E. Schmidt'76 2008 Atherton. CA Chief Executive Officer, Google Inc. Terdema L. Ussery 11'81 2008 Frisco. TX President and CEO, Dallas Mavericks; CEO, HDNct Rajiv Vinnakota'93 2007 Washington, DC Co-Founder and Managing Director, The SEED Foundation [Schools for Educational Evolution and Dev.) Peter C. Wendell '72 2011 Sang Francisco. CA Partner, Sierra Ventures; Faculty, Stanford Business School John O. Wynne '67 2008 Virginia Beach. VA Rct. President and CEO, Landmark Communications, Inc. Paul M. Wythes '55 2005 Atherton. CA Founding General Partner, Sutter Hill Ventures (venture capital) I ^V Payl orReveleyID; J.D. Ffj69tees g&eriti WiWamll. HamSirecht; A.$. _T, 2004-2005 CharWT tee 1982-9 W Trustee 198690 Franklin E. Agnew III, M.B.A. a, San Fmc CA Charter Trustee 1991-01 Alunmi"'tntstee,1973-77- " . -Richmond,-VA CD Charter Trustee, 1978-88 Robert P. Hauptfubrer, M.B.A. N - ChatterTrustee 1987-97 - John H. Scully, M.B.A. m PA ^ Riayne, PA Trua y,, . N William O. Baker, Ph.D. M San Francisco , CA m Alimrni Trustee 1964-68 James A. Henderson, M.B.A. - m Charter Trustee 1968-86 Charter Trustee 1979-92 - John J.F. Sherrerd, M.B.A. Morristown, NJ Columbus, IN - -'Charter Trustee 1979-89; 1990-2000 Juanita T.-lames, M.S. - Bryn Mawr, PA - JanAlu B. H ustee 18 N Clmnr Trustee 19 . 00 Term Trustee 1984-88 - Winthro A. Short, LL.M. Charter Trustee 1999 11,01. Cher Trustee-1988-98 Charter trustee 1972-82 Stanford, CT - - Durham, NC m Bloomfield Hills, MI CS) Lo John C. Beck, B.A. ' - Nicholas dee, Katzenbach, LL.B.* Susan Savage Speers, B.A. N CltauterTruatee 1977-87; 1988-98 Alumni Trustee 1971-75 CharlerTrustce 1971-e1 U1 c Bedford, NY CharterTrustee 1977-87 - . Center Sandwich, NH M Princeton, NJ in W. Michael Blumenthal, PhD. Robert D. Stuart Jr., A.B. 01 Charter Trustee 1969-79;1980=83' -John C.-K.enefick, B.S.B. Charter Trustee 1970-80 co Princeton, NJ Term Trustee 1979-83 Lake Forest, IL - Charter Trustee 1983-92 Edmund N. Carpenter II, T.D. John L. Weinberg, M.B.A. Omaha' NF Charter Trustee 1974-84; 1986-91 Charter Trustee 1987-95 Wilmington, DE Thomas W. Langfitt, M_D. Greenwich, CT Charter Trustee 1985-95 W. Hodding Carter 111, A.B. - Marina vN. Whitman, Ph.D. , Wynnewood, PA Alumni Trustee 1983-87 LL.D., L.H.D. CharterTnistee 1988-98 - Marsha H. Levy-Wanen,Ph.D. Charter Trastee'1980-90 Miami, FL Alumni Trustee 1973-77 - Ann Arbor, MI Charter Trustee John B. Coburn, B.D. 1991-61 z NY Charter Trustee 1961-81 Riv'erdale, -- m Bedford, MA - Edward R Matthews, M.B.A. 0 z Lloyd H. Cotsen, M.B.A. CharterTrustee 1992-02 Tmstee Princeton, NJ z Alumni 1985-89 H CharterTrustee 1992-02 John F. McGillicuddy, LL.B. m BeverlyHills, CA Charter Trustee 1981-91 U)M John M. Doar, LL.B. • Rye, N H Charter Trustee 1969-79 Gerald L. Parsky, J,D. New York, NY - Charter Trustee 1981-91 Mary St. John Douglas, M.A. Rancho Santa Fe, CA CharterTrustee 1971-81 Nancy B. Peretaman, M.P.P.M. Chevy Chase. MD Alumni Trustee•1976-80 Richard B. Fisher, M.B.A. Charter Trustee 1981-91 Charter Trustee 1984-94 New York, NY New York, NY - Richard R. Pivirotto, M.B.A. - Steve Forbes, A.B. Term Trustee 1972-76 1) m Charter Trustee 1992-02 Charter Trustee 1977-87 - -Bedminster; NJ - Greenwich, CT in William IL Frist, M.D. Elizabeth Plater-Zyberk, MArcb. - in Alumni Trustee-1-974-78 Term Trustee 1987-91 W - ." --- fnnt Al r'ho,-t.,. Tv,tv,PP 1QQq_I)1 - - PRINCETON UNIVERSITY, THE TRUSTEES OF 21-634501
FORM 990 - SUPPORTING SCHEDULE JULY 1, 2004 - JUNE 30, 2005 Part V- Compensation of Officers, Directors and Trustees Time Contributions to Expense Accounts Devoted Annual employee benefit plans 8 8 Other Allowances Name and Address Position To Position Compensation deferred compensation (see notes)
Shirley M Tilghman President 100% 542,875 53, 107 2,322 (2) One Nassau Hall Trustee Ex-Officio 65, 229 (3) Princeton. NJ 08544
ChristopherEisgruber Provost 10010 388,836 59,605 540 (2) 3 Nassau Hall Princeton, NJ 08544
Mark Burstein Executive Vice President 100% 288, 750 58.100 3,368 (1) 320 Nassau Hall 465 (2) Princeton, NJ 08544 1,547 (5)
Brian McDonald Vice President for 100% 275, 588 45, 112 527 (2) 219 Nassau Hall Development Princeton, NJ 08544
Robert K Durkee Vice Presidentfor 100% 249, 175 44,454 2, 796 (1) 223 Nassau Hall PublicAffairs 1,631 (2) Princeton, NJ 08544
Michael E McKay Vice Presidentfor 100% 233, 074 43, 929 1,395 (2) MacMillan Building Facilities Princeton, NJ 08544
Betty Leydon Vice President for 100% 422, 525 49, 831 4,720 (1) 315 Nassau Hall Information Technology & 2,322 (2) Princeton, NJ 08544 Chief Information Officer
Janet Smith Dickerson 100% 226, 875 44, 181 1,925 (1) 220 Nassau Hall Vice President for 1,006 (2) Princeton, NJ 08544 Campus Life
Christopher McCrudden Vice Presidentfor 100% 271 , 563 45, 057 1,785 (2) 401 New South Building Finance and Treasurer Princeton, NJ 06544 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-634501
FORM 990 - SUPPORTING SCHEDULE JULY 1, 2004 - JUNE 30, 2005 PartV - Compensation of Officers, Directors and Trustees Time Contributions to Expense Accounts Devoted Annual employee benefit plans 8 & OtherAllowances Name and Address Position To Position Compensation deferred compensation (see notes)
Peter G McDonough General Counsel 100% 265,475 46,979 2,347 (1) 120 Alexander Street 612 (2) Princeton, NJ 08544
Andrew K Golden President of 100% 1,140,324 71,704 (4) 3,254 (1) Suite 400 - 22 Chambers Street Princeton University 810 (2) Princeton, NJ 08544 Investment Company
Maureen Nash (A) Vice President for 100% 217, 050 43,359 493 (2) 1 New South Building Human Resources Princeton, NJ 08540
NOTE All employees are accountable to the Universityfor expenses incurred on behalf of the University No employee-reimbursed expenses are therefore taxable to the employee as additional compensation
(1) Imputed income - co-ownership interest in real estate
(2) Imputed income - life insurance over $ 50,000
(3) Princeton requires its President to live in its official president's residence for its convience and as a condition of employment This is a nontaxable benefit under IRC Section 119 and no compensation has been included for official use
(4) This amount does not include $ 312,950 in non-vested, non-funded deferred compensation, which amount can decrease or increase substantially depending on the performance of the endowment and of certain benchmarks This benefit is subject to forfeiture it certain conditions are not met
(5) Imputed moving income
(A) Vice President for Human Resources from 7/1/04 to 12/31/04 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634601
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004 -JUNE 30. 2005
Part VI, Line 77 - Statement
There were no changes to the CHARTER during FY05
There were no changes to the BYLAWS during FY05 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004-JUNE 30. 2005
Part VI, Line 80b - Other Information
Forrestal Agricultural Corporation Exempt Forrestal Investment Corporation Exempt Princeton Un versity Alumni Organizations Exempt Princeton University Press Exempt The Robertson Foundation Exempt StanleyJ Seeger Hellenic Fund Exempt Princeton-Blairstown Center Inc Exempt Princeton in Africa Exempt Princeton in Ishikawa Inc Exempt Princeton in Beijing Inc Exempt FCC-62 Corporation Nonexempt PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990 - SUPPORTING SCHEDULE JULY 1 . 2004 - JUNE 30. 2005
Part VII - Analysis of Income-Producing Activities
(a) (b) (c) (d) (e) Business Related Code Amount Code Amount Income
93 Program service revenue (a) Tuition & fees 199,707.000
(b) Sales/services - auxiliary Graduate Apartments 03 5,130.000 Faculty/staff housing 03 9,441.000 Conference office 722320 110,000 4,529,000 Athletics 3,615.000 Dormitoryfees 22,372,000 Food service 15.394,000 Computer center 5,000 Infirmary 03 276.000 Fines, fees & permits 379,000 Other 1.515.000 Total 93 (b) 110,000 14.847,000 47.809,000
93 Program service revenue--Total 110,000 14,847.000 247.516.000
96 Dividends and interest 14 8.366.000
97 (b) Net rental income 16 196.000 99 Other Investment income 900000 1,818.000 14.18 516,480,000 100 Gain ( loss) from sale of assets 18 684,485,000 103 Other revenue: Other source income 18.591,000
104 Subtotal [add columns ( b),(d), and (e)] 1.928,000 1,224,374.000 266,107.000
105 Total [add line 104, columns (b),(d),and (e)] 1.492,409.000 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990-SUPPORTING SCHEDULE JULY 1, 2004-JUNE 30, 2005
Part VIII - Relationship of Activities to the Accomplishment of Exempt Purposes
93 a This activity enables the University to carry out its primary tax-exempt purpose, the education of its students
93 b Some of these activities provide the basic support of University students which enables them to carry out their educational pursuits, other activities contribute importantly to the education of University students by teaching them, for example, collegiality, team work, and self-discipline PRINCETON UNIVERSITY. THE TRUSTEES OF 21-0634501 FORM 990 - SUPPORTING SCHEDULE JULY 1. 2004 - JUNE 30, 2005
Part IX - Information Regarding Taxable Subsidiaries and Disregarded Entities
Percent of Nature of Name, address, and ownership Business Total End-of-year employer identification number interest activities Income Assets
FCC-62 Corporation New South Bldg.. P.O. Box 35 100% Real Estate 8.183 (5,185) Princeton, NJ 08543-0035 EIN= 51-0356182
Irish Property Company LLC 731 Alexander Road. Suite 201 100% Real Estate (60.613) 2,205.639 Princeton, NJ 08543 EIN= 20-0227090
Goldie Enterprises LLC New South Bldg . P O. Box 35 100% Real Estate - - Princeton, NJ 08543-0035 EIN= 20-0747823
Little Rock JV. LLC 4 New South Building 77.60% Real Estate 1,208.206 13,390,800 Princeton, NJ 08544 EIN= 83-0357495
LONE BALSAM Two Greenwich Plaza. Second Floor 64.90% Investment 61,605,200 604,439.300 Greenwich. CT 06830 EIN= 58-2359631
PB Institutional LP 10 St. James Ave. Suite 2000 92.92% Investment 53,865.125 435.460.635 Boston, MA 02116 EIN= 04-3425688
PRIVATE VALUE FUND II LP 8889 Pelican Bay Blvd. Suite 500 90.90% Investment 61.124,819 353.127.144 Naples. FL 34108 EIN= 65-0842503
PRIVATE VALUE FUND LP 8889 Pelican Bay Blvd. Suite 500 89.71% Investment 15,985.664 166.804.615 Naples, FL 34108 EIN= 65-0592935
Page 1 of 3 PRINCETON UNIVERSITY. THE TRUSTEES OF 21-0634501 FORM 990 - SUPPORTING SCHEDULE JULY 1. 2004 - JUNE 30, 2005
Part IX - Information Regarding Taxable Subsidiaries and Disregarded Entities
Percent of Nature of Name, address, and ownership Business Total End-of-year employer identification number interest activities Income Assets
PWB VALUE PARTNERS II LP 7025 North Scottsdale Road. Suite 230 8428% Investment 14.061.889 132.657.120 Scottsdale, AZ 85253 EIN= 38-3472662
PETROTIGER III LTD 1 Houston Center. 1221 McKinney. Suite 3700 9900% Investment 3.396.615 3.038.270 Houston, Texas 77010 EIN= 76-0328789
Baker Biotech Fund II(A), LP 667 Madison Avenue, 17th Floor 51 87% Investment (2.909.341) 7,070.132 New York. NY 10021 EIN= 33-1004876
Farallon Capital Institutional Partners III LP One Maritime Plaza, Suite 1325 87.17% Investment 60.440.766 586.271.206 San Francisco, CA 94111 EIN= 94-3253905
Farallon Special Situation Partners. LP One Maritime Plaza, Suite 1325 91.10% Investment 5.685.251 34.237.279 San Francisco, CA 94111 EIN= 94-3244687
Satellite Fund IV, LP 623 Fifth Avenue. 20th Floor 91.15% Investment 15,794.689 188.017,443 New York, NY 10022 EIN=13-4130118
The Varde Fund VI-A. LP 8500 Normandale Lake Blvd. Suite 1570 83.95% Investment 38.163.160 159,870,158 Minneapolis, MA 55437 EI N= 41-2022693
Nassau Capital Funds, LP 22 Chambers Street 94-95% Investment 250,336,861 809.995.866 Princeton, NJ 08542 EIN= 22-3344912
Page 2 of 3 PRINCETON UNIVERSITY. THE TRUSTEES OF 21-0634501 FORM 990 - SUPPORTING SCHEDULE JULY 1. 2004 - JUNE 30. 2005
Part IX - Information Regarding Taxable Subsidiaries and Disregarded Entities
Percent of Nature of Name, address, and ownership Business Total End-of-year employer identification number interest activities Income Assets
Nassau Capital Partners II, LP 22 Chambers Street 99.50% Investment 10,079.031 32.291.664 Princeton , NJ 08542 EIN= 22-3487398
Nassau Capital Partners III, LP 22 Chambers Street 99 .50% Investment 22.774.344 36.389.590 Princeton . NJ 08542 EIN= 22-3648372
Nassau Capital Partners IV, LP 22 Chambers Street 96.13% Investment 7.073,367 18,485,393 Princeton , NJ 08542 EIN= 22-3741605
Nassau Capital Partners. LP 22 Chambers Street 99.50% Investment 873,903 . 20,077.283 Princeton, NJ 08542 EIN= 22-3344913
Nassau Capital Real Estate Partners III, LP 22 Chambers Street 99. 50% Investment 52,735, 111 61.297.646 Princeton , NJ 08542 EIN= 22-3648371
Nassau Capital Real Estate Partners. LP 22 Chambers Street 99.50% Investment 2,862,816 8. 149.682 Princeton , NJ 08542 EIN= 22-3487397
The Orange Partners Fund do M&C Corporate Services Limited 98% Investment 2,946.813 41.776.885 PO Box 309GT, Ugland House, South Church St George Town . Grand Cayman. Cayman Islands EIN= N/A
Page 3 of 3 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990 - SCHEDULE A. SUPPORTING SCHEDULE JULY 1, 2004 -JUNE 30, 2005
Part I. Compensation of Five Highest Paid Employees Other Than Officers Time Contributions to Expense Accounts Devoted Annual employee benefit plans & and OtherAllowances Name and Address Position To Position Compensation deferred compensation (see notes)
Peter D Stein Managing Director 100% 629,899 54,832 (4) 1,690 (1) Suite 400 - 22 Chambers Street Princeton University 445 (2) Princeton, New Jersey 08544 Investment Company
Jonathon L Erickson Managing Director 100% 596,506 56,826 (3) 4,858 (1) Suite 400 - 22 Chambers Street Princeton University 458 (2) Princeton, New Jersey 08544 Investment Company
Daniel E Feder Managing Director 100% 550,166 54,601 (5) 492 (2) Suite 400 - 22 Chambers Street Princeton University Princeton, New Jersey 08544 Investment Company
Anne-Marie Slaughter Dean 100% 370,305 48,211 5,316 (1) 424 Robertson Hall Woodrow Wilson 796 (2) Princeton, New Jersey 08544 School
David Botstein Professor 100% 344,637 47,056 867 (2) 140 Carl C Icahn Laboratory Pnnceton, New Jersey 08544 total number of other employees paid over $50,000 is 2,878
Note All employees are accountable to the University for expenses incurred on behalf of th e University. No employee-reimbursed expenses are therefore taxable to the employee as additional compensation
(1) imputed income - co-ownership interest in real estate
(2) imputed income - life insurance over $50,000
(3) This amount does not include $159,358 in non-vested, non-funded deferred compensation, which amount can decrease or increase substantially depending on the performance of the endowment and of certain benchmarks This benefit is subject to forfeiture if certain conditions are not met
(4) This amount does not include $130,633 in non-vested, non-funded deferred compensation, which amount can decrease or increase substantially depending on the performance of the endowment and of certain benchmarks This benefit is subject to forfeiture if certain conditions are not met
(5) This amount does not include $ 154,115 in non-vested, non-funded deferred compensation, which amount can decrease or increase substantially depending on the performance of the endowment and of certain benchmarks This benefit is subject to forfeiture if certain conditions are not met PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990, SCHEDULE A - SUPPORTING SCHEDULE JULY 1, 2004 -JUNE 30, 2005
Part I I - Five highest paid for professional services
Name/Address Type of Service Compensation
Einhorn Yaffee Prescott, Architects P C Architecture 3,820,051 440 Park Avenue South, 16th Floor NewYork, NY 10016
Lowenstein Sandler PC Legal 3,432,693 65 Livingston Avenue Roseland, NJ 07068-1791
AM EC Dynamic Structures, Limited Engineering 2,364,614 1515 Kingsway Avenue Port Coguitlam. B C, V3C 1 S2
Gehry Partners, LLP Architecture 2,053,129 12541 Beatrice Street Los Angeles , CA 90066
Ernst & Young Accounting 1,015,686 5 Times Square New York, NY 10036-6530
Total number of others receiving over $50,000 for professional services 247
0 PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990, SCHEDULE A - SUPPORTING SCHEDULE JULY 1, 2004 - JUNE 30, 2005
Part III - Statement relating to item 2
Except for the payment of reasonable compensation, honoraria, and reimbursement of expenses for offic and trustees (or an organization or corporation with which such person is affiliated other than transactions in the normal course of its activities), the institution knows of no significant transaction between it and any person described above. (See schedule of compensation and expenses attached in response to Part V, Form 990, and related comments.) All such transactions are conducted at arm's length and for good and sufficient consideration. Moreover, in such instances, the trustee or officer plays no significant role in the transaction. Officers, along with other eligible employees, may participate in residential housing programs provided by the University. Facilities are provided to selected officers as a condition of employment. In addition, mortgage programs and educational loans are available to all employees who meet certain criteria-see response to Part IV, Lines 50 and 51a of Form 990.
Part III - Statement relating to item 3 (a)
Most disbursements in furtherance of the institution's exempt programs are made directly for salary and similar expenses incurred directly in the active conduct of the activities constituting the exempt purpose or function for which the institution is organized and operated. Otherwise, disbursements in furtherance of the institution's exempt programs are made in accordance with procedures or subject to conditions established by the institution's governing board designed to ensure that individuals and organizations receiving disbursements from the organization in furtherance of its exempt program are adequately investigated to ensure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy by the institution's assessment on the basis of academic achievement, financial need and other objective standards. PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990, SCHEDULE A-SUPPORTING SCHEDULE JULY 1, 2004 - JUNE 30, 2005
Part V - Statement relating to Item 31
Princeton University does not solicit students through advertisements Individuals who request information about undergraduate admission receive a copy of Princeton University Admission Information Individuals who request information about graduate admission receive a copy of Princeton University Application and Guide to Graduate Admission All students are enrolled at fall registration All incoming freshmen receive a copy of Rights, Rules, Responsibilities in the mail during the summer before they matriculate The other students receive this publication at fall registration The current editions of these three publications contain the Un versitys policy regarding equal opportunity under the heading "Nondiscrimination Statement "
Part V - Statement relating to Item 34(a)
The University, similar to most other colleges and universities, receives significant funds from the Government, primarily in the form of research grants PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990, SCHEDULE A - SUPPORTING SCHEDULE JULY 1, 2004-JUNE 30, 2005
Part VII-tine 51 d
Line no Amount Name of Description involved nonchantable $ organization
51 b(i) 22,854 Various eating dubs Computer equipment, accessories (see below) and other computer related charges
51 b(iii) 1 764 Various eating dubs Rental of equipment such as (see below) tables and chairs
2 12,351 Various eating dubs Rental of telephone equipment, (see below) service and tolls
51 b(iv) 1 8,574 Various eating dubs Meal exchange program (see below)
2 54,523 Colonial Club Reimbursement for real estate taxes relating to improvements 51 b(v) 1 110,000 Broadmead Swimming Club Renovation loan guarantee
51 b(m) 1 111,556 Princeton Club Business meetings, banquet and of New York hotel services
2 32,606 Various eating dubs Printing and mailing services (see below)
The various eating dubs at Princeton University are
Campus Club Dial Elm Cannon Cap & Gown Ivy Club Charter Club Quadrangle Club Cloister Inn Terrace Club Colonial Club Tiger Inn Cottage Club Tower Club PRINCETON UNIVERSITY, THE TRUSTEES OF 21-0634501
FORM 990. SCHEDULEA-SUPPORTING SCHEDULE JULY 1. 2004 - J UNE 30. 2005
Part VII - Line 62b Type of Name of Organization Organization Relationship
Forrestal Investment Corp 501(c)(2) Title holding company for investments in foreign securities for Princeton University
Princeton Club of New York 501 (c)(7) Social organization
University League 501(c)(7) Social organization
Springdale Golf Club 501(c)(7) Golf club
Broadmead Swimming Club 501(c)(7) Swim dub
Nassau Swimming Club 601(c)(7) Swim dub
Campus Club 501(c)(7) Eating dub
Cap & Gown 501 (c)(7) Eating dub
Charter Club 501 (c)(7) Eating club
Cloister Inn 501 (c)(7) Eating dub
Colonial Club 501(c)(7) Eating dub
Cottage Club 501(c)(7) Eating dub
Dial Elm Cannon 501(c)(7) Eating dub
Ivy Club 501(c)(7) Eating dub
Quadrangle Club 501(c)(7) Eating dub
Terrace Club 501 (c)(7) Eating dub
Tiger Inn 501 (c)(7) Eating club
Tower Club 501(c)(7) Eating dub Vorm8868 Application for Extension of Time To File an
(Rev December2004) Exempt Organization Return OMB No. 1545-1709 Department of the Treasury File a separate application for each return. Internal Revenue Service ► are filing for an Automatic 3-Month you Extension, complete only Part I and check this box ...... ► you are filing for an Additional (not automatic ) 3-Month Extension , complete only Part II (on page 2 of this form). Do not complete Part Il unless you have already been granted an automatic 3-month extension on a previously filed Form 8868. Automatic 3-Month Extension of Time-Only submit original (no copies needed)
Form T corporations q 990- requesting an automatic 6-month extension-check this box and complete Part I only ...... ► All other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returns. Partnerships, REMICs, and trusts must use Form 6736 to request an extension of time to file Form 1065, 1066, or 1041. Electronic Filing (e-file). Form 8868 can be filed electronically if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for corporate Form 990-T filers). However, you cannot file it electronically if you want the additional (not automatic) 3-month extension, instead you must submit the fully completed signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form, visit wrww.irs.gov/efile. Type or Name of Exempt Organization Employer identification number print TRUSTEES OF PRINCETON UNIVERSITY 21-0634501 File by the Number, street, and room or suite no. If a P O. box, see instructions. due date for NEW SOUTH BLDG , Suite P.O. BOX 35 filing your return. See City, town or post office, state , and ZIP code. For a foreign address , see instructions. Instructions PRINCETON NJ 08544-0035 Check type of return to be filed (file a separate application for each return): Form 990 q Form 990-T (corporation) q Form 4720 q Form 990-BL q Form 990-T (sec. 401(a) or 408(a) trust) q Form 5227 q Form 990-EZ q Form 990-T (trust other than above) q Form 6069 q Form 990-PF q Form 1041-A q Form 8870
• The books are in the care of ► ------KENNETH MOLINARO
elephone No. FAX No. 11. ------609-258-8627 q • If the organization does not have an office or place of business in the United States, check this box ...... ► • If this is for a Group Return , enter the or anization's four digit Group Exemption Number (GEN) . If this q is for the whole group, check this box ► L_j If it is for part of the group, check this box ► and attach a list with the names and EINs of all members the extension will cover. I I request an automatic 3-month (6-months for a Form 990-T corporation) extension of time until 2/152006_-__--, ------to file the exempt organization return for the organization named above. The extension is for the organization's return for. calendar year ...... or tax year beginning --__-__ 7/1 2004----__--, and ending __---_-6/30/2005------
2 If this tax year is for less than 12 months, check reason: q Initial return q Final return q Change in accounting period
3 a If this ap nonrefur $ 0 b If this aF R - . , . payment q Agent $ c Balance a"t - ; with FTC Q. ^,^ C. Date of Delivery Postage $ instructic 0.37 UNIT ID: $ 0 N 4335 1? q Yes Caution . If you -D Certified Fee 8879-EO q No n `.3r' for payment in : tr7 Return Receipt Fee Postmark (Endorsement Requjmd For Privacy Act o , ) 1, 7` Here Form 8 868 (Rev 12-2004) (HIA) Restricted DelWery Fee O I (Endorsement Required) Clet'l. . tt3Yp1F0
Total CN - I Postage & Fees $ 4.42 11/14/05 N LSel , INTERN Mail q Express Mail AL REVENUE ;d q Return Receipt for Merchandise 0 DGENSERVICE flail , UT letlvery'2 (Extra Fee) q Yes 84201-0039 _ ------^-i--
(Transfe PS Form 3811, August 2001 Domestic Return Receipt 2ACPRI-03-Z-0985 Form 8868 (Rev. 12-2004) Page 2
• If you are filing for an Additional (not automatic ) 3-Month Extension , complete only Part 11 and check this box ...... ► Note . Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868. • If you are filing for an Automatic 3-Month Extension , com plete only Part I (on page 1 ) . Additional (not automatic) 3-Month Extension of Time-Must File Orig inal and One Copy. )e or Name of Exempt Organization Employer identification number tnt Th e Trustees of Princeton University 21-0634501 File by the Number, street, and room or suite no. If a P.O. box, see instructions. .. For IRS use only extended due date for Office of the Treasurer, P.O. Box 35 filing the City, town or post office, state , and ZIP code. For a foreign address, see instructions. return. See - - - -, instructions Princeton , NJ 08544-0035 = Check type of return to be filed (File a separate application for each return): Form 990 q Form 990-T (sec. 401(a) or 408(a) trust) q Form 5227 q Form 990-BL q Form 990-T (trust other than above) q Form 6069 q Form 990-EZ q Form 1041-A q Form 8870 Form 990-PF Form 4720 STOP: Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868. • The books are in the care of KENNETH MOLINARO ► ------Telephone No. 6 FAX No. 609-258-8627 ► . 9:?-5 ------► ------• If the organization does not have an office or place of business in the United States, check this box ...... q • If this is for a Group Return , enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box ► If it is for part of the group, check this box ' q and attach a list with the names and EINs of all members the extension is for. 4 I request an additional 3-month extension of time until ------5/15/2006 ------5 For calendar year ...... or other tax year beginning _-----7/1/2004 ------, and ending ---___6130/2005 6 If this tax year is for less than 12 months, check reason: q Initial return q Final return q Change in accounting period 7 State in detail why you need the extension More time is requested to all information needed to file a complete ------acquire------and file an accurate------return. ------a If this application is for Form 990-BL, 990-PF , 990-T, 4720, or 6069 , enter the tentative tax, less any ' nonrefundable credits . See instructions ...... $ 0 b If this application is for Form 990-PF, 990-T, 4720, or 6069 , enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 ...... $ 0 c Balance Due. Subtract line 8b from line 8a. Include your payment with this form , or, if required , deposit with FTD coupon or, if required , by using EFTPS (Electronic Federal Tax Payment System). See instructions. $ 0 Signature and Verification Under penalties of perjury, I declare that I have examined this form , Including accompanying schedules and statements, and to the best of my knowledge and belief. it is true, d complete, and that I am aprepare this form.
S nature ► C, .-a k c- Date1- 2/9/2006 Notic q We have approved this application Please PRI^ ARTICLE q We have not approved this application . Ho' CON NUMBER 7155 5474 4100 3609 6696 date of the organization 's return (including i Pu C(y 6T FEES otherwise required to be made on a timely I P ' Postage per piece q We have not approved this application . Aft PRIN $44y 5 Certified Fee 24P F_] an extension of time to file . We are not gra ARTICLE Return ADDRESS TO : Receipt Fee 1 85 We cannot consider this application beca '4' Signatu, INTERNAL REVENUE SERVICE CENTER OGDEN Total q UT 84201 -0012 Postage & Fees: $8.30 Other .------Received
Director ate of De Alternate Mailing Address -.Enter the ac c Postmark returned to an address different than the or n s'I Here Name D Addressee4; !
A r Number and street (Include sr SocondarueAw INTERNAL 0c-,.^^, ^^'°°rz'rWeeieePKnr REVENUE SERVICE Clearly) OGDEN UT CENTER City or town , province or state 84201-0012 Delivery Address
Stat e ZIP + 4 Code