lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN: 934931320253651 990 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form Under section 501 (c), 527, or 4947 ( a)(1) of the Internal Revenue Code ( except private foundations) 2013 Department of the Treasury Do not enter Social Security numbers on this form as it may be made public By law, the IRS Internal Revenue Service generally cannot redact the information on the form - Information about Form 990 and its instructions is at www.IRS.gov/form990 For the 2013 calendar year, or tax year beginning 07-01-2013 , 2013, and ending 06-30-2014 C Name of organization B Check if applicable D Employer identification number WILLIAM MARSH RICE UNIVERSITY F Address change 74-1109620 Doing Business As Name change fl Initial return Number and street (or P 0 box if mail is not delivered to street address) Room/suite E Telephone number 6100 Main Street - MS70 F_ Terminated (713)348-0000 (- Amended return City or town, state or province, country, and ZIP or foreign postal code Houston, TX 77005 1 Application pending G Gross receipts $ 1,524,562,955 F Name and address of principal officer H(a) Is this a group return for subordinates? F Yes F7 No 6100 Main Street - MS70 Houston, TX 77005 H(b) Are a l l subordinates 1 Yes 1 No included? I Tax-exempt status F 501(c)(3) 1 501(c) ( ) I (insert no (- 4947(a)(1) or F_ 527 If "No," attach a list (see instructions) J Website : 0- H(c) Group exemption number 0- K Form of organization F Corporation 1 Trust F_ Association (- Other 0- L Year of formation 1908 M State of legal domicile TX Summary 1 Briefly describe the organization's mission or most significant activities RESEARCH AND EDUCATION w 2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets 3 Number of voting members of the governing body (Part VI, line 1a) . 3 24 4 Number of independent voting members of the governing body (Part VI, line 1b) . 4 21 5 Total number of individuals employed in calendar year 2013 (Part V, line 2a) . 5 7,955 6 Total number of volunteers (estimate if necessary) 6 1,000 7aTotal unrelated business revenue from Part VIII, column (C), line 12 . 7a -4,437,702 b Net unrelated business taxable income from Form 990-T, line 34 . 7b -4,845,075 Prior Year Current Year 8 Contributions and grants (Part VIII, line 1h) . 231,265,085 193,000,326 9 Program service revenue (Part VIII, line 2g) . 301,357,722 319,469,712 N 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d . 380,130,125 405,712,105 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 37,435,839 25,909,207 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) . 950,188,771 944,091,350 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) 110,089,234 120,063,776 14 Benefits paid to or for members (Part IX, column (A), line 4) . 0 0 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 332,376,098 359,506,974 16a Professional fundraising fees (Part IX, column (A), line 11e) 0 0 b Total fundraising expenses (Part IX, column (D), line 25) 0-10,521,135 LLJ 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) . 239,121,814 215,514,103 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 681,587,146 695,084,853 19 Revenue less expenses Subtract line 18 from line 12 . 268,601,625 249,006,497 Beginning of Current End of Year Year 20 Total assets (Part X, l i n e 1 6 ) . 6,691,304,246 7,333,606,892 M % TS 21 Total l i a b i l i t i e s (Part X, l i n e 2 6 ) . 1,021,105,157 1,039,837,777 ZLL 22 Net assets or fund balances Subtract line 21 from line 20 5,670,199,089 6,293,769,115 Signature Block Under penalties of perjury, I declare that I have examined this return, includin my knowledge and belief, it is true, correct, and complete Declaration of preps preparer has any knowledge Signature of officer Sign Here KATHERINE E COLLINS VICE PRESIDENT FOR FINANCE Type or print name and title Print/Type preparer's name Preparers signature Paid Firm's name 0- Pre pare r Use Only Firm's address 1- May the IRS discuss this return with the preparer shown above? (see instructs For Paperwork Reduction Act Notice, see the separate instructions. Form 990 ( 2013) Page 2 Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III .(- 1 Briefly describe the organization 's mission AS A LEADING RESEARCH UNIVERSITY WITH A DISTINCTIVE COMMITMENT TO UNDERGRADUATE EDUCATION, RICE UNIVERSITY ASPIRES TO PATH BREAKING RESEARCH, UNSURPASSED TEACHING, AND CONTRIBUTIONS TO THE BETTERMENT OF OUR WORLD IT SEEKS TO FULFILLTHIS MISSION BY CULTIVATING A DIVERSE COMMUNITY OF LEARNING AND DISCOVERY THAT PRODUCES LEADERS ACROSS THE SPECTRUM OF HUMAN ENDEAVOR THE UNIVERSITY ENROLLS APPROXIMATELY 3,900 UNDERGRADUATE AND 2,600 GRADUATE STUDENTS APPROXIMATELY 70% OF UNDERGRADUATE STUDENTS RECEIVE FINANCIAL AID, AS DO ALMOST ALL DOCTORAL STUDENTS 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ7 . fl Yes F No If "Yes," describe these new services on Schedule 0 3 Did the organization cease conducting , or make significant changes in how it conducts, any program services? . F Yes F7 No If "Yes," describe these changes on Schedule 0 4 Describe the organization 's program service accomplishments for each of its three largest program services , as measured by expenses Section 501(c)(3) and 501( c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses , and revenue , if any, for each program service reported 4a (Code ) ( Expenses $ 490,912,820 including grants of $ 120,063,776 ) (Revenue $ 309,188,805 DEPARTMENTAL RESEARCH AND INSTRUCTION, AND OTHER INSTITUTIONAL ACTIVITIES RICE UNIVERSITY (UNIVERSITY) IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACS-COC), ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY (ABET), INTERNATIONAL ASSOCIATION FOR MANAGEMENT EDUCATION (AACSB INTERNATIONAL), NATIONAL ARCHITECTURAL ACCREDITING BOARD (NAAB), AND THE TEXAS EDUCATION AGENCY (TEA) RICE SERVES APPROXIMATELY 3,900 UNDERGRADUATE AND 2,600 GRADUATE STUDENTS, AS WELL AS 13,000 LIFE-LONG LEARNERS THE SIX-YEAR UNDERGRADUATE GRADUATION RATE IS 92 PERCENT RICE OFFERS MORE THAN 50 UNDERGRADUATE MAJORS ACROSS SIX DIVISIONS OF STUDY SOCIAL SCIENCES, NATURAL SCIENCES, ENGINEERING, HUMANITIES, MUSIC AND ARCHITECTURE IN CONJUNCTION WITH VARIOUS MAJORS, STUDENTS CAN TAKE COURSES THAT SATISFY THE REQUIREMENTS FOR ADMISSION TO MEDICAL, DENTAL, LAW OR GRADUATE SCHOOL, OR THAT LEAD TO TEACHER CERTIFICATION RICE UNIVERSITY HAS AN UNDERGRADUATE STUDENT-TO-FACULTY RATIO OF 6 TO 1 IN GENERAL, CLASSES ARE SMALL ENOUGH FOR EACH PROFESSOR TO KNOW EVERY STUDENT'S NAME, SO THERE IS AMPLE OPPORTUNITY FOR PERSONAL ATTENTION RICE WAS RANKED AMONG THE TOP 20 NATIONALLY BY THE US NEWS AND WORLD REPORT IN 2013, AND THE PRINCETON REVIEW RANKED RICE FIRST IN "BEST QUALITY OF LIFE" AND SECOND IN "HAPPIEST STUDENTS" IN THE 2013 EDITION IN 2013, FOR THE FIFTH YEAR IN A ROW, KIPLINGER'S PERSONAL FINANCE MAGAZINE RANKED RICE IN THE TOP FIVE FOR BEST VALUE IN PRIVATE COLLEGES RICE OFFERS ADVANCED DEGREES IN THE HUMANITIES, LIBERAL STUDIES, SOCIAL SCIENCES, NATURAL SCIENCES, ENGINEERING, ARCHITECTURE, MUSIC, AND BUSINESS GRADUATE PROGRAMS ARE SMALL TO MEDIUM-SIZED, OFFERING THE OPPORTUNITY TO WORK VERY CLOSELY WITH GRADUATE ADVISORS EIGHT AREAS OF GRADUATE STUDY AT RICE UNIVERSITY ARE RANKED AMONG THE TOP 20 NATIONALLY IN U S NEWS & WORLD REPORT'S 2013 EDITION OF "BEST GRADUATE SCHOOLS " PROXIMITY TO BOTH THE HOUSTON MUSEUM DISTRICT AND THE RENOWNED TEXAS MEDICAL CENTER ALLOWS FOR EXCEPTIONAL ACCESS TO THE VISUAL ARTS AS WELL AS CUTTING-EDGE BIOMEDICAL RESEARCH THE MANY INTERDISCIPLINARY CENTERS AND INSTITUTES ENHANCE THE EXPERIENCE OF GRADUATE STUDENTS ACROSS ALL DISCIPLINES THE SUSANNE M GLASSCOCK SCHOOL OF CONTINUING STUDIES PROVIDES LIFELONG PERSONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO THE LARGER COMMUNITY THE SCHOOL ATTRACTS MORE THAN 13,000 ENROLLMENTS EACH YEAR TO ITS NON-CREDIT AND CREDIT PROGRAMS AND IS THE LEADING UNIVERSITY CONTINUING EDUCATION PROGRAM IN HOUSTON RICE IS LOCATED IN HOUSTON, TEXAS, THE NATION'S FOURTH-LARGEST CITY, THE ENERGY CAPITAL OF THE WORLD AND A DYNAMIC INTERNATIONAL BUSINESS AND CULTURAL CENTER, ON A 300-ACRE, TREE-LINED CAMPUS JUST A FEW MILES FROM DOWNTOWN UNDERGRADUATE STUDENTS ARE GIVEN FREE METRO PASSES FOR PUBLIC TRANSPORTATION, INCLUDING THE LIGHT RAIL SYSTEM WHICH HAS TWO STATIONS LOCATED A BLOCK FROM CAMPUS THE UNIVERSITY OPERATES A FREE SHUTTLE BUS ROUTE THAT INCLUDES THE CAMPUS, OFF-CAMPUS STUDENT HOUSING, AND LOCAL SHOPPING CENTERS AND ATTRACTIONS HOUSTON BOASTS 18 MUSEUMS, OPERA, BALLET, SYMPHONY AND THEATER, AND FOUR PROFESSIONAL MAJOR LEAGUE SPORTS TEAMS RICE'S RESIDENTIAL COLLEGE SYSTEM LIES AT THE CORE OF EVERY UNDERGRADUATE'S EXPERIENCE EVERY UNDERGRADUATE STUDENT, WHETHER LIVING ON CAMPUS OR NOT, IS A MEMBER OF ONE OF 11 SELF-GOVERNED COEDUCATIONAL RESIDENTIAL COLLEGES EACH COLLEGE HAS A RESIDENT COLLEGE MASTER OR MASTERS OTHER MEMBERS OF THE FACULTY ARE INVITED TO BECOME RESIDENT AND NONRESIDENT ASSOCIATES OF EACH COLLEGE FACULTY ASSOCIATES ACT AS ADVISORS TO THE STUDENTS AND PARTICIPATE IN THE CAMARADERIE AND ACTIVITIES OF THEIR RESPECTIVE COLLEGE COLLEGES ALSO HAVE NON-FACULTY UNIVERSITY ASSOCIATES