Return of Organization Exempt from Income

l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501 (c), 527, or 4947( a)(1) of the Internal Revenue Code (except black lung 2005 IS benefit trust or private foundation) Department of the Treasury Internal Revenue Service Iµ The organization may have to use a copy of this return to satisfy state reporting requirements

A For the 2005 calendar year, or tax year beginning 06 -01-2005 and ending 05 -31-2006 C Name of organization D Employer identification number B Check if applicable Please UNIVERSITY OF MIAMI 59-0624458 1 Address change use IRS l a b el or print or Number and street (or P 0 box if mail is not delivered to street address) Room/suite F Name change PO type. See BOX 248106 1 Initial return Specific E Telep hone number Instruc - City or town, state or country, and ZIP + 4 (305)284-4877 F_ Final return tions . CORAL GABLES, FL 331241422

(- Amended return rj'

F_ Application pending fl Other (specify) lµ

* Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable H and I are not applicable to section 527 organizations trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiliates? F Yes F No H(b) If "Yes" enter number of affiliates lµ G Web site : l* WWW MIAMI EDU H(c) Are all affiliates included? F Yes F No (If "No," attach a list See instructions ) I Organization type (check only one) lµ ?!+ 501(c) (3) -4 (insert no ) (- 4947(a)(1) or (- 527 H(d) Is this a separate return filed by an organization K Check here lµ F if the organization's gross receipts are normally not more than $25,000 The covered by a group ruling? (- Yes No organization need not file a return with the IRS, but if the organization received a Form 990 Package in the mail, it should file a return without financial data Some states require a complete return. I Group Exemption Number Ir

M Check lµ F_ if the organization is not required to L Gross receipts Add lines 6b , 8b, 9b, and 10b to line 12 Ir 2,117,779, 203 attach Sch B ( Form 990, 990 - EZ, or990-PF) n l"INM Revenue _ Exnenses _ and Channes in Net Assets or Fund Balances (See the instructions) 1 Contributions, gifts, grants, and similar amounts received

a Direct public support la 209,661,833 b Indirect public support lb

c Government contributions (grants) . 1c 206,860,099

416,521,932 d Total (add lines la through 1c) (cash $ 404,085,594 noncash $ 12,436,338 ) 1d 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 1,162,508,064

3 Membership dues and assessments 3 5,236,653

4 Interest on savings and temporary cash investments 4 9,493,650

5 Dividends and interest from securities 5 26,870,163

6a Gross rents 6a 6,147,723 b Less rental expenses 6b

c Net rental income or (loss) (subtract line 6b from line 6a) . 6c 6,147,723 7 Other investment income (describe l ) 7

8a Gross amount from sales of assets (A) Securities (B) Other other than inventory 487,137,962 8a 211,989

b Less cost or other basis and sales expenses 446,287,528 8b 22,769

c Gain or (loss) (attach schedule) 95 40,850,434 Sc 189,220 d Net gain or (loss) (combine line 8c, colum ns (A) and (B)) ...... 8d 41,039,654

9 Special events and activities (attach schedule) If any amount is from gaming , check here IrF-

a Gross revenue (not including $ of contributions reported on line 1a) 9a b Less direct expenses other than fundraising expenses . 9b c Net income or (loss) from special events (subtract line 9b from line 9a) . 9c

10a Gross sales of inventory, less returns and allowances 10a 47,236

b Less cost of goods sold 10b 33,189

c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) 10e 14,047

11 Other revenue (from Part VII, line 103) 11 3,603,831

12 Total revenue (add lines 1d, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11) ...... 12 1,671,435,717

13 Program services (from line 44, column (B)) ...... 13 1,399,988,359

14 Management and general (from line 44, column (C)) ...... 14 74,475,287

Fu 15 Fundraising (from line 44, column (D)) 15 16,601,902 CL 4, 16 Payments to affiliates (attach schedule) 16

17 Total expenses (add lines 16 and 44, column (A )) ...... 17 1,491,065,548

18 Excess or (deficit) for the year (subtract line 17 from line 12) . 18 180,370,169

19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 1,382,398,529

20 20 40,214,551 ID Other changes in net assets or fund balances (attach explanation) 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) . 21 1,602,983,249

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . Cat No 11282Y Form 990 (2005) Form 990 (2005) Page 2 RIEULEM Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section Functional Expenses 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See the instructions )

Do not include amounts reported on line B) Program ( C) Management ( A) Total ( ( D) Fundraising 6b, 8b, 9b, 1Ob, or 16 of Part I. services and general

22 Grants and allocations ( attach schedule) (cash $ 139,291, 998 noncash $ 0 If this amount includes foreign grants, check here F 22 139,291,998 139,291,998 2 3 Specific assistance to individuals ( attach schedule) 23

24 Benefits paid to or for members ( attach schedule) 24

25 Compensation of officers , directors, etc 25 8,186,073 3,315,932 4,487,965 382,176

26 Other salaries and wages 26 650,893 ,627 608,108,225 33,870,477 8,914,925

27 Pension plan contributions 27 47,188,243 44,848,592 1,791,923 547,728

28 Other employee benefits 28 91,989,427 86,132,594 4,128,020 1,728,813

29 Payroll taxes 29 40,509,998 37,577,110 2,272,188 660,700 30 Professional fundraising fees 30

31 Accounting fees 31

32 Legal fees 32

33 Supplies 33 96,059,449 92,797,255 2,908,792 353,402

34 Telephone 34 4,464,676 2,607,038 1,572,454 285,184

35 Postage and shipping 35 1,924,798 1,656,077 145,561 123,160

36 Occupancy 36 22,814,235 22,074,337 734,650 5,248

37 Equipment rental and maintenance 37 28,952,988 26,092,669 2,647,587 212,732

38 Printing and publications 38 7,726,691 5,193,259 2,126,246 407,186

39 Travel 39 19,841,109 19,108,595 509,433 223,081

40 Conferences , conventions , and meetings 40 2,376,072 2,306,224 60,124 9,724

41 Interest 41 14,367,977 13,700,908 667,069

42 Depreciation , depletion, etc ( attach schedule ) ^y+ 42 66,813 ,355 64,222,116 2,591,239 43 Other expenses not covered above ( itemize)

a INSURANCE 43a 37,100,323 33,211,587 3,884,955 3,781

b SERVICES , MISCELLANEOUS 43b 203,703 ,730 190,883,064 10,076,604 2,744,062

c JMH RESIDENT PAY 43c 6,860,779 6,860,779 d 43d

e 43e f 43f

g 43g

44 Total functional expenses . Add lines 22 through 43 (Organizations completing columns (B)-(D), carry these totals to lines 13- 15) 44 1,491,065,548 1,399,988,359 74,475,287 16,601,902 Joint Costs . Check I* fl if you are following SOP 98-2 Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services ' I* fl Yes F No If "Yes," enter ( i) the aggregate amount of these joint costs $ , (ii) the amount allocated to Program services $ (iii) the amount allocated to Management and general $ , and (iv ) the amount allocated to Fundraising $

Form 990 (2005) Form 990 ( 2005) Page 3 UT.TIWi Statement of Program Service Accomplishments (See the Instructions.) 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

Program Service What is the organization's primary exempt purpose? j* education, research & health care Expenses (Required for 501(c)(3) and All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of clients served, (4) orgs , and 4947(a)(1) publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) organizations and 4947(a)(1) nonexempt optional trusts, but tional for charitable trusts must also enter the amount of grants and allocations to others others

a SEE STATEMENT 1

(Grants and allocations $ 129,938,420) If this amount includes foreign grants, check here J* F- 556,786,400 b SEE STATEMENT 2

(Grants and allocations $ 631,170) If this amount includes foreign grants, check here J* F 294,875,009 c SEE STATEMENT 3

(Grants and allocations $ ) If this amount includes foreign grants, check here J* F- 425,012,632 d auxiliary enterprises and other programs

(Grants and allocations $ 8,722,408) If this amount includes foreign grants, check here J* F 123,314,318 e Other program services (attach schedule) (Grants and allocations $ ) If this amount includes foreign grants, check here J* F-

f Total of Program Service Expenses (should equal line 44, column (B), Program services) . 1* 1,399,988,359 Form 990 (2005) Form 990 (2005) Page 4

Balance Sheets (See 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 1,208,238 45 -11,122,652

46 Savings and temporary cash investments 125,817,774 46 157,943,495

47a Accounts receivable . . . . 47a 141,774,719

b Less allowance for doubtful accounts 47b 32,993,351 108,024,962 47c 108,781,368

48a Pledges receivable . . . . . 48a 117,575,094

b Less allowance for doubtful accounts 48b 12,868,855 95,987,563 48c 104,706,239

49 Grants receivable 22,380,616 49 24,536,617 50 Receivables from officers, directors, trustees, and key employees (attach schedule) 220,833 50 0

51a Other notes and loans receivable (attach schedule) ...... 51a 43,218,444

ci^ b Less allowance for doubtful accounts Sib 884,440 36,340,047 Sic IE 42,334,004

52 Inventories for sale or use 5,397,491 52 5,635,288

53 Prepaid expenses and deferred charges 21,265,860 53 30,325,678

54 Investments-securities (attach schedule) Ir F-Cost F FMV 478,395,975 54 332,417,528

55a Investments-land, buildings, and equipment basis . . . . . 55a b Less accumulated depreciation (attach schedule ) ...... 55b 55c 56 Investments-other (attach schedule) 575,414,648 56 740,874,738

57a Land, buildings, and equipment basis 57a 1,586,557,412 b Less accumulated depreciation (attach 682, 057, 680 schedule) ...... 57b 779,166, 786 57c 904, 499, 732 58 Other assets (describe Ir ) 54,072, 681 58 62,029,979

59 Total assets (must equal line 74) Add lines 45 through 58 . 2,303,693,474 59 2,502,962,014

60 Accounts payable and accrued expenses 119,146,213 60 116,095,770

61 Grants payable ...... 61

62 Deferred revenue 55,019,385 62 62,373,243 63 Loans from officers, directors, trustees, and key employees (attach schedule) ...... 63

64a Tax-exempt bond liabilities (attach schedule) 332,200,008 64a 314,285,248

b Mortgages and other notes payable (attach schedule) 169,258,333 64b 143,525,000

65 Other liablilities (describe Ir ) 245,671,006 65 263,699,504

66 Total liabilities Add lines 60 through 65 ...... 921,294,945 66 899,978,765 Organizations that follow SFAS 117, check here Ir and complete lines 67 through 69 and lines 73 and 74 944,625,777 67 1,108,471,101 CD 67 Unrestricted U 68 Temporarily restricted 189,346,506 68 215,510,161

69 Permanently restricted 248,426,246 69 279,001,987 Organizations that do not follow SFAS 117, check here Ir F- and LL_ complete lines 70 through 74 Z5 70 Capital stock, trust principal, or current funds 70 71 Paid-in or capital surplus , or land , building , and equipment fund . 71 CD 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) . . . 1,382,398,529 73 1,602,983,249

74 Total liabilities and net assets / fund balances Add lines 66 and 73 . . 2,303,693,474 74 2,502,962,014 Form 990 (2005) Form 990 (2005) Page 5 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the instructions. ) a Total revenue, gains, and other support per audited financial statements a 1,577,806,473

b Amounts included on line a but not on line 12

1 Net unrealized gains on investments bl 36,832,471 2 Donated services and use of facilities . b2

3 Recoveries of prior year grants b3

4 Other (specify) b4

Add lines blthrough b4 ...... b 36,832,471

c Subtract line bfrom line a . c 1,540,974,002

d Amounts included on line 12, but not on line a

1 Investment expenses not included on line 6b . dl

2 Other (specify) d2 130,461,715

Add lines dl and d2 ...... d 36,832,471

e Total revenue (line 12) Add lines cand d ...... J* e 1,671,435,717 Reconciliation of Ex p enses p er Audited Financial Statements With Ex p enses p er Return a Total expenses and losses per audited financial statements a 1,360,603,833 b Amounts included on line a but not on line 17 1 Donated services and use of facilities . bl

2 Prior year adjustments reported on line 20 b2

3 Losses reported on line 20 b3

4 Other (specify) b4 Add lines blthrough b4 ...... b

c Subtract line bfrom line a . c 1,360,603,833

d Amounts included on line 17, but not on line a:

1 Investment expenses not included on line 6b . dl

2 Other (specify) d2 130,461,715

Add lines dl and d2 ...... d 130,461,715

e Total expenses (line 17) Add lines cand d ...... J* e 1,491,065,548 VINTST Current Officers , Directors, Trustees , and Key Employees (List each person who was an officer, director, trustee, or key employee at any time during the year even if they were not compensated.) (See the

Form 990 (2005) Form 990 (2005) Page 6 Current Officers , Directors , Trustees , and Key Employees (continued) Yes No 75a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board

meetings ...... F82 b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships? If "Yes," attach a statement that identifies the individuals and explains the relationship(s) 75b Yes c Do any officers, directors, trustees, or key employees listed in Form 990, Part V -A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent

contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to this organization through common supervision or common control? 75c No

Note . Related organizations include section 509(a)(3) supporting organizations If "Yes," attach a statement that identifies the individuals, explains the relationship between this organization and the other organization(s), and describes the compensation arrangements, including amounts paid to each individual by each related organization d Does the organization have a written conflict of interest policy? ...... 75d Yes Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits in the appropriate column. See the Instructions.) (D) Contributions to employee benefit plans (E) Expense account and (A) Name and address (B) Loans and Advances (C) Compensation and deferred compensation other allowances plans DR LUIS GLASIER 230 ASHE BUILDING 0 435,182 58,429 CORAL GABLES, FL 331244600 DR BERNARD FOGEL MILLER SCHOOL OF MEDICINE 0 177,862 71,807 1140A ROSENSTEIL BUILDING MIAMI,FL 33136 MR GLENDON L CARDWELL BUDGET OFFICE 234 ASHE BUILDING 0 113,318 58,439 CORALGABLES,FL 331244625 MR MICHAEL J MOLONEY INTERNAL AUDIT 0 190,887 39,855 314 MAX OROVITZ BUILDING CORALGABLES,FL 331241436 mrPAULT DEE HECHT ATHLETIC CENTER 0 369,433 51,584 5821 SAN AMARO DRIVE CORALGABLES,FL 33146 ms SUSAN T JONES 300 GABLES ONE 0 142,568 23,989 CORALGABLES,FL 331242932 MR LOREN W ROBERTS 6202 CABIN BRANCH DRIVE 0 220,777 65,704 DURHAM,NC 27712 ms LOURDES F LA PAZ 1250 GABLES ONE 0 138,273 31,185 CORALGABLES,FL 331242918

LOW Other Information (See 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 N o

77 Were any changes made in the organizing or governing documents but not reported to the IRS's 77 No If "Yes," attach a conformed copy of the changes

78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? . 78a Yes b If "Yes," has it filed a tax return on Form 990 -T for this year? 78b Yes

79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement , 79 N o 80a 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 Yes

b If "Yes," enter the name of the organization 1* See Additional Data Table and check whether it is fl exempt or fl nonexempt 81a Enter direct or indirect political expenditures ( See line 81 instructions 81a b Did the organization file Form 1120 -POL for this year? 81b

Form 990 (2005) Form 990 (2005) Page 7 LOW Other Information (continued) Yes No 82a 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 Yes

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 II (See instructions in Part III ) 182b

83a Did the organization comply with the public inspection requirements for returns and exemption applications? 83a Yes b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? 83b Yes

84a Did the organization solicit any contributions or gifts that were not tax deductible? 84a Yes b If "Yes," did the organization include with every solicitation an express statement that such contributions or

gifts were not tax deductible? 84b Yes 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 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 f Taxable amount of lobbying and political expenditures ( line 85d less 85e) . 85f

g Does the organization elect to pay the section 6033( e) tax on the amount on line 8 5f7 85g

h If section 6033( e)(1)(A) dues notices were sent , does the organization agree to ad d the amount on line 85fto 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 0 b Gross receipts , included on line 12, for public use of club facilities . . . . 86b 0

87 501 (c)(12) orgs. Enter a Gross income from members or shareholders . . . 87a 0 b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) ...... 87b 0

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 Yes

89a 501(c)(3) organizations Enter Amount of tax imposed on the organization during the year under section 4911 F 0 , section 4912 F 0 , section 4955 F 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 No c Enter Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 ...... 1* 0 d Enter A mount of tax on line 89c, above, reimbursed by the organization 0

90a List the states with which a copy of this return is filed 1*

b Number of employees employed in the pay period that includes March 12, 2005 (See instructions 90b 11,354

91a The books are in care of 1* AIDA DIAZ-PIEDRA Telephone no 1* ( 305) 284-4877

1507 LEVANTE AVEROOM 212 Located at 1* CORAL GABLES, FL ZIP +4 1* 331241422 b At any time during the calendar year , did the organization have an interest in or a signature or other authority over a financial account in a foreign country ( such as a bank account, securities account, or other financial Yes No account)? 91b Yes

If "Yes," enter the name of the foreign country 1* BD See the instructions for exceptions and filing requirements for Form TD F 90-22 .1, Report of Foreign Bank and Financial Accounts

c At any time during the calendar year, did the organization maintain an office outside of the United States? 91c N o

If "Yes," enter the name of the foreign country J* 92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041-Check here F

and enter the amount of tax-exempt interest received or accrued during the tax year . . . 1 1 92 Form 990 (2005) Form 990 (2005) Page 8 Anal sis of Income - Producin g Activi ties ( See the Instructions. Note : Enter gross amounts unless otherwise indicated. Unrelate d business income Excluded by section 512, 513, or 514 (E) Related or (B) Exclusion exempt function Business Amount Amount code code income 93 Program service revenue a See Additional Data Table b c d e f Medicare/Medicaid payments

g Fees and contracts from government agencies

94 Membership dues and assessments . . 713940 835,309 03 4,401,344 95 Interest on savings and temporary cash investments 14 9,493,650 96 Dividends and interest from securities . 14 26,870,163 97 Net rental income or (loss) from real estate a debt-financed property 30 4,703,932

b non debt-financed property 16 1,443,791

98 Net rental income or (loss) from personal property 99 Other investment income 100 Gain or (loss) from sales of assets other than inventory 18 41,039,654 101 Net income or (loss) from special events 102 Gross profit or (loss) from sales of inventory 453000 14,047

103 Other revenue a ROYALTIES I 15 3,479,609

b ADVERTISING 541800 41,537

c OTHER RENTAL ACT 531390 7,504

d PARTNERSHIP FLOWTH 523000 75,181 e

104 Subtotal (add columns (B), (D), and (E)) 3,630,678 128,424,489 1,122,858,618 105 Total (add line 104, columns (B), (D), and (E)) ...... 1,254,913,785 Note : Line 105 plus line 1d, Part I, should equal the amount on line 12, Part I. Relationshi p of Activities to the Accom p lishment of Exem p t Pur p oses ( See the instructions. ) Line No . Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment V of the organization's exempt purposes (other than by providing funds for such purposes) 93 INSTRUCTION, HOUSING AND MEALS PROVIDED TO STUDENTS, HEALTH 0 CARE PROVIDED TO PATIENTS IN THE COMMUNITY, LOCAL 0 GRANTS AND CONTRACTS FOR PATIENT CARE, PUBLIC SERVICE, AND 0 THE TEACHING OF MEDICAL RESIDENTS AND PROFESSIONALS Information Re g ardin g Taxable Subs idiaries and Disre g arded Entities (See the instructions. )

(A) (B) (C) (D) (E) Name, address, and EIN of corporation, Percentage of End-of-year Nature of activities Total income partnership, or disregarded entity ownership interest assets See Additional Data Table

Information Regarding Transfers Associated with Personal Benefit Contracts (See the instructions.)

(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay prer

(b) Did the organization, during the year, pay premiums, directly or indirectly

NOTE : If "Yes" to (b), file Form 8870 and Form 4720 (see instructions). Under penalties of perjury, I declare that I have examined this return, including a and belief, it is true, correct, and complete Declaration of preparer (other than o

Please Sign Signature of officer Here ms aids g diaz-piedra associate vp & contr Type or print name and title

Preparer's Date tracy lesser Paid signature p Preparer' s Firm 's name (or yours KPMG LLP Use Only If self-employed), address, and ZIP + 4 301 N Elm Street Suite 700

Greensboro, NC 27401 Additional Data

Software ID: Software Version: EIN: 59 -0624458 Name : UNIVERSITY OF MIAMI

Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation (D) Contributions to (E) Expense hours per week devoted (If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

DR DONNA E SHALALA PRESIDENT 606,298 115,316 OFFICE OFTHE PRESIDENT 40 230 ASHE BUILDING CORALGABLES,FL 331244600

DRTHOMAS J LEBLANC EXEC VP &PROVOST 352,330 16,928 OFFICE OFTHE PROVOST 40 240 ASHE BUILDING CORALGABLES,FL 331244628

DR PASCAL GOLDSCHMIDT- SR VP & DEAN MED AFF 283,333 8,027 CLERMONT 40 SCHOOL OF MEDICINE 1143A ROSENSTIEL BUILDING MIAMI,FL 33136

DR JOHN G CLARKSON SR VP & DEAN MED AFF 554,386 85,339 SCHOOL OF MEDICINE 40 1143A ROSENSTIEL BUILDING MIAMI,FL 33136

MR DAVID A LIEBERMAN SR VP BUSS & FIN 383,599 85,502 BUSINESS FINANCE 40 230 ASHE BUILDING CORALGABLES,FL 331244626

MR ROBERT L BLAKE VP GEN COUNSEL 291,201 66,757 GENERAL COUNSEL gables one 40 tower room 1250 1320 south dixie highway CORALGABLES,FL 33146

MRS DIANE M COOK VP &TREASURER 258,906 66,808 TREASURERS OFFICE 40 250 ASHE BUILDING CORALGABLES,FL 331244604

MR ALAN J FISH VP BUSINESS 175,017 35,130 BUSINESS SERVICES SERVICES 1507 LEVANTE AVENUE 40 CORALGABLES,FL 331241432

MR SERGIO GONZALEZ VP UNIVERSITY ADV 276,881 44,939 MCKNIGHT BUILDING -gables one 40 tower ste 300 1320 south dixie highway CORALGABLES,FL 33146

MR JERRY LEWIS VP COMMUNICATIONS 118,534 32,779 UNIVERSITY COMM - gables one 40 twr ste 950 - 1320 south dixie highway CORAL GABLES, FL 331242990 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation ( D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

MR PAUL M OREHOVEC VP ENROLLMENT MGT 285,595 67,213 ENROLLMENTS 40 252 ASHE BUILDING CORALGABLES,FL 331244615

MR SERGIO RODRIGUEZ VP REAL ESTATE & FAC 269,328 69,319 7,044 REAL ESTATE 40 1535 LEVANTE AVENUE CORALGABLES,FL 331242820

DR M LEWIS TEMARES VP IT & DEAN ENG 392,758 129,618 INFORMATION TECHNOLOGY 40 147 UNGAR BUILDING CORALGABLES,FL 331244220

DR ROOSEVELT THOMAS JR VP HUMAN 188,864 41,533 HUMAN RESOURCES RESOURCES 1507 LEVANTE AVENUE 40 CORALGABLES,FL 331241410

MRS AILEEN M UGALDE VP GOVERNMENT REL 193,187 46,932 GOVERNMENT RELATIONS 40 230 ASHE BUILDING CORALGABLES,FL 331244600

DR PATRICIA A WHITELY VP STUDENT AFFAIRS 195,244 42,052 DIVISION OF STUDENT AFFAIRS 40 244 ASHE BUILDING CORALGABLES,FL 331244602

MS AIDA G DIAZ-PIEDRA ASSOCIATE VP & 171,286 38,798 OFFICE OFTHE CONTROLLER CONTR 1507 LEVANTE AVENUE 40 CORALGABLES,FL 331241422

MR LEONARD ABESS TRUSTEE 0 CHAIRMAN CEO-CITY NAT BANK 1 FL 25 W FLAGLER STREET 6TH FL MIAMI,FL 33130

MR MICHAEL L ABRAMS TRUSTEE 0 GOVERNMENT CONSULTANT 1 ONE SOUTHEAST 3RD AV 28TH FL MIAMI, FL 331311714

MR NITIN AGGARWAL TRUSTEE 0 HECHT RESIDENTIAL COLLEGE 1 1231 DICKINSON DRIVE PT802 CORAL GABLES, FL 33146 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation (D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

MRS BETTY G AMOS TRUSTEE 0 PRESIDENT - THE ABKEY 1 COMPANIES 9275 CORAL REEF DRIVE STE 107 MIAMI,FL 33157

MR STANLEY H ARKIN TRUSTEE 0 PRES - ARKIN CONSULTING INC 1 5500 COLLINS AVENUE APT 603 MIAMI BEACH,FL 33140

MR JOSE P BARED TRUSTEE 0 CHAIRMAN RET FARM STORES 1 5800 NW 74TH AVE STE 201 MIAMI,FL 33166

MS HILARIE BASS ESQ TRUSTEE 0 SHAREHOLDER - GREENBERG 1 TRAURIG PA 1221 BRICKELL AVENUE MIAMI,FL 33131

MR FRED BERENS TRUSTEE 0 DIRECTOR - INVESTMENT 1 WACHOVIA SEC 3200 1ST UNION FIN CTR-200 SO BISC MIAMI, FL 331312364

MR JOAQUIN F BLAYA TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR NORMAN BRAMAN TRUSTEE 0 PRES CHAIR CEO BRAMAN 1 ENTERPR 2060 BISCAYNE BOULEVARD 2ND FL MIAMI, FL 331375024

MR NICHOLAS A BUONICONTI TRUSTEE 0 8362 PINES BOULEVARD 287 1 PEMBROKE PINES,FL 33024

MR M ANTHONY BURNS TRUSTEE 0 CHAIRMAN EMERITUS - RYDER 1 SYSTEM 18001 OLD CUTLER ROAD STE 460 MIAMI,FL 33157

MR ALFRED R CAMNER TRUSTEE 0 CHAIRMAN CEO BANKUNITED FIN 1 CORP 255 ALHAMBRA CIRCLE PENTHOUSE CORAL GABLES, FL 33134 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average (C) Compensation (D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

MR PAUL L CEJAS TRUSTEE 0 CHAIRMAN CEO PLC 1 INVESTMENTS INC PO BOX 191768 MIAMI,FL 33119

MR WAYNE E CHAPLIN TRUSTEE 0 PRES CEO SOUTHERN WINE 1 SPIRITS 1600 NORTHWEST 163RD STREET MIAMI,FL 33169

THE HON CHARLES E COBB JR TRUSTEE 0 SENIOR MANAGING DIR CEO 1 COBB PART 355 ALHAMBRA CIRCLE STE 1500 CORAL GABLES, FL 33134

MR DEAN C COLSON TRUSTEE 0 PARTNER COLSON HICKS EDISON 1 255 ARAGON AVENUE 2ND FLOOR CORAL GABLES, FL 33134

MS LAURA G COULTER-JONES TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR NICHOLAS A CRANE TRUSTEE 0 PRESIDENT NUCRANE 1 CO RPO RATIO N 10 EDGEWATER DRIVE TOWER SUITE D CORAL GABLES, FL 33133

DR EDWARD A DAUER TRUSTEE 0 PRES FLORIDA MED SERV INC 1 4850 WEST OAKLAND PARK BLVD STE 145 FORT LAUDERDALE,FL 333131503

MR CARLOS M DE LA CRUZ SR TRUSTEE 0 CHAIRMAN CEO EAGLE BRANDS 1 INC 3201 MILAM DAIRY ROAD MIAMI,FL 33122

MR PAUL J DIMARE TRUSTEE 0 PRESIDENT DIMARE HOMESTEAD 1 INC PO BOX 900460 HO M ESTEA D, FL 330900460

MR EDWARD W EASTON TRUSTEE 0 CHAIRMAN CEO THE EASTON 1 GROUP 10165 NORTHWEST 19TH STREET MIAMI,FL 33172 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

MR DAVID L EPSTEIN TRUSTEE 0 MANAGING PARTNER PRES CAP 1 PARTNERS 1200 5 PINE ISLAND ROAD STE 200 PLANTATION,FL 33324

MR RICHARD D FAIN TRUSTEE 0 CHAIR CEO ROYAL CAR CRUISES 1 LTD 1050 CARIBBEAN WAY MIAMI, FL 331322074

MR ENRIQUE C FALLA SR TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MRALFONSO FANJUL TRUSTEE 0 CHAIRMAN FLORIDA CRYSTALS 1 CORP 1 NORTH CLEMATIS STREET STE 200 WEST PALM BEACH, FL 33401

MR GEORGE FELDENKREIS TRUSTEE 0 CHAIR CEO PERRY ELLIS 1 INTERN AT 3000 NORTHWEST 107TH AVENUE MIAMI,FL 33172

MR MICHAEL B FERNANDEZ TRUSTEE 0 CHAIR CEO MBF HEALTHCARE 1 PARTNERS 121 ALHAMBRA PLAZA SUITE 1100 CORAL GABLES, FL 33134

DR PHILLIP FROST TRUSTEE 0 CHAIR AND CEO LADENBURG 1 THALMANN 4400 BISCAYNE BLVD 15TH FLOOR MIAMI, FL 331373227

MR DAVID I FUENTE TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

DR PHILLIP T GEORGE TRUSTEE 0 CHAIR CEO BRAVA LLC INC 1 2601 SOUTH BAYSHORE DRIVE STE 725 MIAMI,FL 33133

MRS THELMA V A GIBSON TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address (B) Title and average ( C) Compensation ( D) Contributions to (E) Expense hours per week devoted (If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

THE HON STEVEN J GREEN TRUSTEE 0 MAN DIR GREENSTREET PARTNERS 1 2601 SOUTH BAYSHORE DRIVE STE 1775 COCONUT GROVE,FL 33133

MRS ROSE ELLEN GREENE TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MRS BARBARA HECHT HAVENICK TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR LEWIS HAY III TRUSTEE 0 CHAIR PRES CEO FPL GROUP INC 1 700 UNIVERSE BLVD JUNO BEACH,FL 334082657

MRS FLORENCE HECHT TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR ARTHUR H HERTZ TRUSTEE 0 CHAIR CEO WOMETCO 1 ENTERPRISES 3195 PONCE DE LEON BOULEVARD CORAL GABLES, FL 33134

MS MARILYN J HOLIFIELD TRUSTEE 0 PARTNER HOLLAND KNIGHT LLP 1 701 BRICKELL AVENUE STE 3000 MIAMI,FL 33131

MRS DANY GARCIA JOHNSON TRUSTEE 0 CEO JDM PARTNERS LLC 1 DORALCOSTA9800 NW41ST STSTE 270 MIAMI,FL 33178

MR RANDALL C JOHNSON TRUSTEE 0 CHAIR CEO MARKET ST MORTG 1 CORP 2650 MCCORMICK DRIVE STE 200 CLEARWATER,FL 33759

mr MANUEL KADRE ESQ TRUSTEE 0 VP GEN COUNSEL EAGLE BRANDS 1 INC 3201 NW 72ND STREET MIAMI,FL 33122 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation (D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

mr MICHAEL R KLEIN ESQ TRUSTEE 0 2001 K STREET NW STE 206 1 WASHINGTON,DC 20006

MR BERNARD I KOSAR JR TRUSTEE 0 BERNIES STEAK HOUSE ATTN D 1 LOPEZ 5960 SW 70TH STREET SOUTH MIAMI,FL 33143

MR DAVID KRASLOW TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR ROBERT A MANN TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MRS ARVA PARKS MCCABE TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

DR ROGER J MEDEL TRUSTEE 0 PRES CEO PEDIATRIX MED GROUP 1 1301 CONCORD TERRACE SUNRISE,FL 33323

MR STUART A MILLER TRUSTEE 0 PRES CEO DIR LENNAR 1 CO RPO RATIO N 700 NORTHWEST 107TH AVENUE MIAMI,FL 33172

MRARCHIE L MONROE TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR WILLIAM L MORRISON TRUSTEE 0 PRESIDENT - PFS NORTHERN 1 TRUST CO 700 BRICKELL AVENUE 3RD FLOOR MIAMI, FL 331312804

MR KENNETH M MYERS TRUSTEE 0 ATTORNEY SQUIRE SANDERS 1 DEMPSEY 200 5 BISCAYNE BLVD STE 4000 MIAMI,FL 33131 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average (C) Compensation ( D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

MRS JUDI PROKOP NEWMAN TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

DR M LEE PEARCE TRUSTEE 0 PRIVATE INVESTOR 1 11880 SW 40TH ST STE 203 MIAMI,FL 33175

MR JORGE M PEREZ TRUSTEE 0 CHAIRMAN - THE RELATED GROUP 1 O F FL 315 S BISCAYNE BOULEVARD MIAMI,FL 33145

MR AARON S PODHURST TRUSTEE 0 SENIOR PARTNER PODHURST 1 ORSECK PA 25 WEST FLAGLER ST STE 800 MIAMI, FL 331301780

MRS LOIS B POPE TRUSTEE 0 PRES LEADERS IN FURTHERING 1 EDU 6274 LINTON BLVD STE 103 DELRAY BEACH, FL 33484

MR FREDRIC G REYNOLDS TRUSTEE 0 EXEC VP CFO NEW CBS 1 CO RPO RATIO N 51 WEST 52ND STREET 35TH FLOOR NEWYORK,NY 10019

MR ALEX E RODRIGUEZ TRUSTEE 0 MAJOR LEAGUE BASEBALL PLAYER 1 C/O L GILSEN PO BOX 190749 DALLAS,TX 75219

MR STEVEN J SAIONTZ TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR CARLOS A SALADRIGAS TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR EDUARDO M SARDINA TRUSTEE 0 DIRECTOR BACARDI LIMITED 1 866 PONCE DE LEON BLVD CORAL GABLES, FL 33134 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation ( D) Contributions to (E) Expense hours per week devoted (If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

MR FRANK SCRUGGS TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

H T SMITH JR ESQ TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

mr STEVEN SONBERG ESQ TRUSTEE 0 PARTNER HOLLAND KNIGHT LLP 1 701 BRICKELL AVENUE STE 3000 MIAMI, FL 331312813

MR E ROE STAMPS IV TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MR RONALD G STONE TRUSTEE 0 PRES THE COMPREHENSIVE 1 COMPANIES 2103 CORAL WAY STE 200 MIAMI,FL 33145

MR ROBERT C STRAUSS TRUSTEE 0 PRES CEO NOVEN 1 PHARMACEUTICALS 11960 SOUTHWEST 144 STREET MIAMI,FL 33186

MRS PATRICIA WTOPPEL TRUSTEE 0 GENERAL PARTNERS TOPPEL 1 PARTNERS 7900 GLADES ROAD STE 600 BO CA RATO N, FL 334344104

MR DAVID R WEAVER TRUSTEE 0 MANAGING PARTNER CHAIR 1 INTERCAP 41 LINSKEY WAY CAMBRIDGE,MA 02142

REVEREND MARTA S WEEKS TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124

MRS BARBARA A WEINTRAUB TRUSTEE 0 OFFICE OFTHE BOARD OF 1 TRUSTEES UNIVERSITY OF MIAMI PO BOX 248042 CORALGABLES,FL 33124 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation ( D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

MR SHERWOOD M WEISER TRUSTEE 0 CHAIR CEO CONTINENTAL HOSP 1 HOLD 3250 MARY STREET 5TH FLOOR MIAMI,FL 33133

MR G ED WILLIAMSON II TRUSTEE 0 CHAIR CEO WILLIAMSON 1 CADILLAC CO 7815 SOUTHWEST 104TH STREET MIAMI,FL 33156

MRTHOMAS D WOOD TRUSTEE 0 CHAIRMAN THOMAS D WOOD 1 COMPANY 95 MERRICK WAY STE 360 CORAL GABLES, FL 33134

STEWART L APPELROUTH EX- TRUSTEE 0 OFFICIO 1 PRINCIPAL APPELROUTH FARAH CO 999 PONCE DE LEON BLVD STE 626 CORAL GABLES, FL 33134

GREGORY M CESARANO ESQ EX- TRUSTEE 0 OFF 1 PRESIDENT-ELECT ALUMNI ASS 100 SE 2ND STREET STE 4000 MIAMI, FL 331319101

MR BRIAN A HART EX-OFFICIO TRUSTEE 0 PRESIDENT THE HART LAW FIRM 1 PA 2333 PONCE DE LEON BLVD STE 303 CORAL GABLES, FL 33134

DR RUDOLPH MOISE EX-OFFICIO TRUSTEE 0 PRES CEO COMPR HEALTH CTR 1 671 NORTHWEST 119TH STREET NORTH MIAMI,FL 33168

MS JACQUELINE F NESPRAL ex-off TRUSTEE 0 ANCHOR WTVJ -NBC6 1 15000 SW 27TH STREET MIRAMAR,FL 33027

DR LUIS GLASIER 0 435,182 58,429 230 ASHE BUILDING 0 CORAL GABLES, FL 331244600

DR BERNARD FOGEL 0 177,862 71,807 MILLER SCHOOL OF MEDICINE 0 1140A ROSENSTEIL BUILDING MIAMI,FL 33136 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation ( D) Contributions to (E) Expense hours per week devoted (If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

MR GLENDON L CARDWELL 0 113,318 58,439 BUDGET OFFICE 234 ASHE 0 BUILDING CORALGABLES,FL 331244625

MR MICHAEL J MOLONEY 0 190,887 39,855 INTERNAL AUDIT 0 314 MAX OROVITZ BUILDING CORALGABLES,FL 331241436

mr PAUL T DEE 0 369,433 51,584 HECHT ATHLETIC CENTER 0 5821 SAN AMARO DRIVE CORALGABLES,FL 33146

ms SUSAN T JONES 0 142,568 23,989 300 GABLES ONE 0 CORALGABLES,FL 331242932

MR LOREN W ROBERTS 0 220,777 65,704 6202 CABIN BRANCH DRIVE 0 DURHAM,NC 27712

ms LOURDES F LAPAZ 0 138,273 31,185 1250 GABLES ONE 0 CORALGABLES,FL 331242918 Form 990, Part VI, Line 80b - If "Yes", enter the name of the organization and whether it is exempt or nonexempt:

Name of the Organization Exempt Nonexempt

UNIVERSITY OF MIAMI INSURANCE CO LTD SEE STMT 6

MIAMI ASSET MANAGEMENT COMPANY IN SEE STMT 6 X

WVUM INC SEE STMT 6 X Form 990, Part VII, Line 93 - Program service revenue:

Unrelated business income Excluded by section 512, 513, or 514 (E) Not e : En ter gross amoun ts un l ess o th erw ise Re l a t ed or indicated. ( A) (B) (C) (D) exempt function Business Amount Exclusion Amount income code code

a TUITION AND FEES 541900 522,470 446,589,225

b AUXILIARY ENTERPR 713940 2,125,554 03 36,992,346

c LOCAL GRANTS &CON 112,263,585

d HOSPITALS & CLINIC 248,186,572

e ROOM AND BOARD 36,760,670

f OTHER SOURCES 541900 9,076 20,078,086

g MEDICAL PROF FEES 258,980,480 Form 990, Part IX - Information Regarding Taxable Subsidiaries and Disregarded Entities:

(A) (B) (C) (D) (E) Name, address, and EIN of corporation , Percentage of Nature of activities Total income End-of-year partnership, or disregarded entity ownership interest assets

BISCAYNE VIEW PROPERTIES LLC 1000 REAL ESTATE 0 0 PO BOX 473234 CHARLOTTE, NC282473234 20-2458426

CRESTRE LLC 1000 REAL ESTATE 35,878 875,850 PO BOX 473234 CHARLOTTE, NC282473234 20-2458426

1509 VENTURE LLC 1000 REAL ESTATE 0 1,789,600 PO BOX 473234 CHARLOTTE, NC282473234 20-2458426

EAST URBAN LLC 1000 REAL ESTATE 0 962,243 PO BOX 473234 CHARLOTTE, NC282473234 20-2458426

TRIPROP LLC 1000 REAL ESTATE 0 0 PO BOX 473234 CHARLOTTE, NC282473234 20-2458426

UNIVERSITY OF MIAMI INS CO 1000 INSURANCE 5,755 165,408 SEE STATEMENT 7 CO RA L GA BLES, FL331241422 59-0624458 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017 OMB N o 1545-0047 SCHEDULEA Organization Exempt Under Section 501 (c)(3) (Except Private Foundation) and Section 501(e), 501(f), 501(k), (Form 990 or 990EZ) 501(n), or 4947(a)(1) Nonexempt Charitable Trust Supplementary Information-(See separate instructions.) Department of the Treasury 2005 Internal Revenue Service 0, MUST be completed by the above organizations and attached to their Form 990 or 990-EZ

Name of the organization Employer identification number UNIVERSITY OF MIAMI 59-0624458 Compensation of the Five Highest Paid Employees Other Than Officers, Directors , and Trustees (See nacre 1 of the Instructions. List each one. If there are none. enter "None.") (d) Contributions to employee ( e) Expense (a) Name and address of each employee ( b) Title and average hours ( c) Compensation benefitplans&deferred account and other paid more than $50,000 per week devoted to position compensation allowances

BARTH GREEN M D DEPT CHAIR/PROFESSOR 1095 NW 14TH TERRACE 40 790,680 79,232 0 MIAMI,FL 33136 MARK SO LO WAY M D DEPT CHAIR/PROFESSOR 400 NW 10TH AVENUE 40 813,207 110,065 0 MIAMI,FL 33136 VICTOR POLITANO M D PROFESSOR 783,349 0 0 1400 NW 10TH AVENUE 40 MIAMI,FL 33136 TIMOTHY MURPHY M D PROFESSOR 747,237 121,741 12,888 900 NW 17TH STREET 40 MIAMI,FL 33136 ALAN LIVINGSTON DEPT CHAIR/PROFESSOR 1500 NW 12TH AVENUE 40 665,961 87,613 27,246 MIAMI,FL 33136 Total number of other employees paid over 3,788 $50,000 01 Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions. List each one (whether individual 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 JACKSON MEMORIAL HOSPITAL 1161 NW 12th Avenue HOSPITAL SERVICES 2,646,962 MIAMI,FL 33136 KARLSBERGER-GWK PLANNING ARCHITEC 2509 7TH AVE SOUTH ARCHITECTS 2,830,441 BIRMINGHAM,AL 35233 BCA FINANCIAL SERVICES 5805 NW 11TH STREET STE 220 BILLING &COLLECTION 1,399,695 MIAMI,FL 33126 PERKINS WILL INC 1382 PEACHTREE STREET NE ACHITECTS 1,127,026 ATLANTA,GA 30309 BERMELLO AJAMIL PARTNERS INC 2601 SOUTH BAYSHORE DR STE 1000 ARCHITECTS 1,784,498 MIAMI,FL 33133 Total number of others receiving over $50,000 for 101 professional services 111. 1 WV" Compensation of the Five Highest Paid Independent Contractors for Other Services (List each contractor who performed services other than professional services, whether individual or firms. If there are none. enter "None". See Daae X for instructions.) (a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation COURTELIS CONSTRUCTION CO 8491 NW 17 STREET STE 108 CONSTRUCTION SERVICE 15,966,461 MIAMI,FL 33125 ARELLANO CONSTRUCTION CO 7255 NW 19 STREET STE 8 CONSTRUCTION SERVICE 14,738,290 MIAMI,FL 33126 BOVIS LEND LEASE HEADQUARTERS OFFICE PO BOX 32755 CONSTRUCTION SERVICE 13,200,051 CHARLOTTE,NC 28232 UNICCO SERVICE CO 7417 US HWY 64 E STE 105-107 JANITORIAL SERVICES 12,446,920 KNIGHTDALE,NC 27545 MALETA CONSTRUCTION CO INC 6451 N FEDERAL HIGHWAY STE 121 CONSTRUCTION SERVICE 5,568,932 FT LAUDERDALE,FL 33308 Total number of other contractors receiving over 347 $50,000 for other services ► I-or Paper worK Heauc ton ACtNotice , see tne In struc tons Tor Form 99U an a Form 99u-t:z Cat No 11285F ScneauieA(Form 99UorssU-IL) UU5 Schedule A (Form 990 or 990-EZ) 2005 Page 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, include 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 Pk-$ 149,592 (Must equal amounts on line 38, Part VI-A, or line i of Part VI-B ) 1 Yes 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 property? 2a No b Lending of money or other extension of credit? F 2b Yes c Furnishing of goods, services, or facilities? 2c Yes d Payment of compensation (or payment or reimbursement of expenses if more than $1,000)7 2d Yes e Transfer of any part of its income or assets? 2e I No 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 ) 95 3a Yes b Do you have a section 40 3(b) annuity plan for your employees? 3b Yes c During the year, did the organization receive a contribution of qualified real property interest under section 170(h)7 3c I No 4a 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 No b Do you provide credit counseling, debt management, credit repair, or debt negotiation services? 4b No

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 fl A church, convention of churches, or association of churches Section 170(b)(1)(A)(i) 6 F A school Section 170(b)(1)(A)(ii) (Also complete Part V ) 7 fl A hospital or a cooperative hospital service organization Section 170(b)(1)(A)(iii) 8 fl A Federal, state, or local government or governmental unit Section 170(b)(1)(A)(v) 9 fl A medical research organization operated in conjunction with a hospital Section 170( b)(1)(A)(iii) Enter the hospital's name, city, and state ' 10 fl A n 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) 11a fl 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) 11b fl A community trust Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A) 12 fl A n 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 331/3% 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 fl 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) sections 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2) Check the box that describes the type of supporting organization ' FType 1 f Type 2 f Type 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 fl 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) 2005 Schedule A (Form 990 or 990-EZ) 2005 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 converting from the accrual to the cash method of accounting. Calendar year ( or fiscal year beginning in ) ok. (a) 2004 (b) 2003 (c) 2002 (d) 2001 (e) Total 15 Gifts, grants, and contributions received (Do not include unusual grants See line 28 16 Membership fees received 17 Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc , purpose 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 19 Net income from unrelated business activities not included in line 18 20 Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf 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 charge 22 Other income Attach a schedule Do not include gain or (loss) from sale of capital assets 23 Total of lines 15 through 22 24 Line 23 minus line 17 25 Enter 1% of line 23

26 Organizations described on lines 10 or 11 : a Enter 2% of amount in column (e), line 24 ► 26a b Prepare a list for your records to show the name of and amount contributed by each person (other than a

governmental unit or publicly supported organization) whose total gifts for 2001 through 2004 exceeded the amount shown in line 26a Do not file this list with your return . Enter the total of all these excess

amounts ► 26b c Total support for section 509(a)(1) test Enter line 24, column (e) llk^ 26c d Add Amounts from column (e) for lines 18 19 22 26b 26d

e Public support (line 26c minus line 26d total) ► 26e f Public support percentage ( line 26e ( numerator ) divided by line 26c (denominator )) ► 26f 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 (2004) (2003) (2002) (2001) 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 (2004) (2003) (2002) (2001)

c Add Amounts from column (e) for lines 15 16

17 20 21 ► 27c d Add Line 27a total and line 27b total 27d e Public support (line 27c total minus line 27d total) 27e f Total support for section 509(a)(2) test Enter amount from line 23, column (e) lk^ 127f g Public support percentage ( line 27e ( numerator ) divided by line 27f (denominator )) 27g h Investment income percentage ( line 18, column ( e) (numerator ) divided by line 27f (denominator )) 27h 28 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2001 through 2004, 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) 2005 Schedule A (Form 990 or 990-EZ ) 2005 Page 4 Private School Questionnaire ( See page 7 of the instructions.) ( To be com p leted ONLY b y 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 Yes 30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures , catalogues , and other written communications with the public dealing with student admissions, programs , and scholarships ? 30 Yes 31 Has the organization publicized its racially nondiscriminatory 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 Yes If "Yes," please describe, if " No," please explain ( If you need more space , attach a separate statement ) THE UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL BROCHURES AND CATALOGUES WHICH CONTAIN INFORMATION ON STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS IN ADDITION, THE UNIVERSITY INCLUDES A REFERENCE TO THE NONDISCRIMINATORY POLICY IN ITS WRITTEN ADVERTISING TO PROSPECTIVE STUDENTS AND PROSPECTIVE EMPLOYEES 32 Does the organization maintain the following a Records indicating the racial composition of the student body, faculty, and administrative staff? 32a Yes b Records documenting that scholarships and other financial assistance are awarded on racially nondiscriminatory basis? 32b Yes c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admissions, programs, and scholarships? 32c Yes d Copies of all material used by the organization or on its behalf to solicit contributions? 32d Yes

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 No

b Admissions policies? 33b No

c Employment of faculty or administrative staff? 33c No

d Scholarships or other financial assistance? 33d No

e Educational policies? 33e No

f Use of facilities? 33f No

g Athletic programs? 33g No

h Other extracurricular activities? 33h No

If you answered "Yes" to any of the above, please explain (If you need more space, attach a separate statement

34a Does the organization receive any financial aid or assistance from a governmental agency? 95 34a Yes

b Has the organization's right to such aid ever been revoked or suspended? 34b No If you answered "Yes" to either 34a orb, 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 explanation 35 Yes Schedule A (Form 990 or 990-EZ) 2005 Schedule A (Form 990 or 990-EZ) 2005 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) Check ► a fl if the organization belongs to an affiliated group Check ► b fl if you checked "a" and "limited control" provisions apply (a) (b) Limits on Lobby ing Ex penditures To be completed Affiliated group for ALL electing totals (The term "expenditures" means amounts paid or incurred organizations 36 Total lobbying expenditures to influence public opinion ( grassroots lobbying) 36

37 Total lobbying expenditures to influence a legislative body (direct lobbying) 37 149,592

38 Total lobbying expenditures ( add lines 36 and 37 ) 38 149,592

39 Other exempt purpose expenditures 39 1,487,036,392

40 Total exempt purpose expenditures ( add lines 38 and 39 ) 40 1,487,185,984 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

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

43 Subtract line 42 from line 36 Enter -0- if line 42 is more than line 36 43 0

44 Subtract line 41 from line 38 Enter -0- if line 41 is more than line 38 44 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 through 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 ) ► 2005 2004 2003 2002 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 149,592 152,638 213,943 322,202 838,375

48 Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000

49 Grassroots ceiling amount (150% of line 48(e)) 1,500,000

50 Grassroots lobbying expenditures 0 0 0 0 Lobbying Activity by Nonelecting Public Charities ( For re p ortin g onl y b y org anizations that did not com p lete Part VI-A ( See a e 11 of the instructions. ) During the year, did the organization attempt to influence national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of Yes No Amount a Volunteers 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.) 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) 2005 Schedule A (Form 990 or 990-EZ) 2005 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 described in section 501(c) of the Code (other than section 50 1(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 (i) Cash 51a(i) No (ii) Other assets a(ii) No b Other transactions (i) Sales or exchanges of assets with a noncharitable exempt organization b(i) No (ii) Purchases of assets from a noncharitable exempt organization b(ii) No (iii) Rental of facilities, equipment, or other assets b(iii) No (iv) Reimbursement arrangements b(iv) No (v) Loans or loan guarantees b(v) No (vi) Performance of services or membership or fundraising solicitations b(vi) No c Sharing of facilities, equipment, mailing lists, other assets, or paid employees c No 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 i n any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received

52a 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' lk^ fl Yes 7 No b If "Yes," complete the following schedule

Schedule A (Form 990 or 990-EZ) 2005 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Cash Grants Paid Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Class of Activity Recipient' s name Address I Amount Relationship 139,291,998 I studentS at the university of miami l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Depreciation and Depletion Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Asset Amount CONVOCATION CENTER 41,729 CONVOCATION CENTER 246,647 BUSINESS START UP defile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN: 93490101001017

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing. TY 2005 Gain/Loss from Sale of Other Assets Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Sales Expenses Total ( net) Accumulated Depreciation

SALE OF FIXED ASSETS 211,989 22,769 189,220 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Gain/Loss from Sale of Public Securities Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458 Gross Sales Price : 487,452,802 Basis : 446, 310, 297 Sales Expenses: Total (net): 41,142,505 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 General Explanation Attachment

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Identifier Return Explanation Reference

FORM 990 - PART III- THE UNIVERISTY OF MIAMI FOUND IN 1925 IS A PRIVATELY ENDOWED COEDUCATIONAL, NOT- STATEMENT OF PROGRAM FOR-PROFIT, NONSECTARIAN INSTITUTION LOCATED IN THE CITIES OF CORAL GABLES AND SERVICE MIAMI, FLORIDA THE UNIVERSITY CURRENTLY ENROLLS 15,670 STUDENTS IN ACCOMPLISHMENTS-LINE A APPROXIMATELY 120 UNDERGRADUATE, 108 MASTERS, 49 DOCTORAL, AND TWO PROFESSIONAL AREAS OF STUDY STUDENTS REPRESENT ALL 50 STATES AND 114 FOREIGN COUNTRIES EXPENSES IN CONNECTION WITH THE EDUCATIONAL MISSION INCLUDE INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES AND SCHOLARSHIP AND FELLOWSHIP EXPENSES TOTALED $556,786,400 Identifier Return Explanation Reference

FORM 990 - PART III- THE UNIVERSITY'S COMPREHENSIVE RESEARCH ENTERPRISE EMBRACES A VAST RANGE OF STATEMENT OF PROGRAM DISCIPLINES IN FIELDS SUCH AS PHYSICS, ENGINEERING, MEDICINE, BIOCHEMISTRY, SERV ICE ACCOMPLISHMENTS- ATMOSPHERIC AND OCEANOGRAPHY SCIENCES RESEARCH BREAKTHROUGHS IN LINE B DIABETES, CANCER, HEART DISEASE, HIV, CHILDREN'S DISEASES AMONG OTHERS WERE PUBLISHED IN SCIENTIFIC JOURNALS DURING THE FISCAL YEAR EXPENSES IN CONNECTION WITH THE RESEARCH AND PUBLIC MISSION TOTALED $294,875,009 Identifier Return Explanation Reference

FORM 990 - PART III- HEALTH CARE IS PROVIDED BY FACULTY MEMBERS AT THE SCHOOL OF MEDICINE AND AT THE STATEMENT OF PROGRAM TWO UNIVERSITY HOSPITALS AS WELL AS IN OUR AFFILIATED TEACHING HOSPITAL JACKSON SERV ICE MEMORIAL AND OTHER CLINICAL SITES IN SOUTH FLORIDA PATIENTS TREATED ANNUALLY ACCOMPLISHMENTS-LINE C WERE IN EXCESS OF ONE MILLION FOR THE THIRD YEAR IN A ROW, US NEWS AND WORLD REPORT RANKED THE UNIVERSITY'S BASCOM PALMER EYE INSTITUTE AS THE NO 1 HOSPITAL IN THE COUNTRY FOR OPHTHALMOLOGY FIVE OTHER SPECIALTIES AT THE UNIVERSITY WERE ALSO RANKED AS AMONG THE NATION'S BEST EXPENDITURES FOR THE HEALTH CARE MISSION TOTALED $425,012,632 Identifier Return Explanation Reference

FORM 990 - MIAMI-DADE COUNTY, FLORIDA EDUC FAC AUTH BOND SERIES 1993 $10,390,000 MIAMI-DADE COUNTY, PART IV, LINE FLORIDA EDUC FAC AUTH BOND SERIES 1996A $2,000,000 MIAMI-DADE COUNTY, FLORIDA EDUC FAC 64A, TAX AUTH BOND SERIES 1996B $7 , 005,000 MIAMI-DADE COUNTY, FLORIDA EDUC FAC AUTH BOND SERIES EXEMPT BOND 1997A $16, 365,000 MIAMI-DADE COUNTY, FLORIDA EDUC FAC AUTH BOND SERIES 1997B $10,950,000 LIABILITY MIAMI-DADE COUNTY, FLORIDA EDUC FAC AUTH BOND SERIES 2000A $ 124,600 , 000 MIAMI-DADE COUNTY, FLORIDA EDUC FAC AUTH BOND SERIES 2000B $ 19,890 , 000 MIAMI-DADE COUNTY, FLORIDA EDUC FAC AUTH BOND SERIES 2004A $122,225,000 US DEPARTMENT OF EDUCATION NOTE PAYABLE $860,248 TOTAL $ 314,285,248 Identifier Return Explanation Reference

FORM 990 - PART IV, PAGE 4, LINE UNIVERSITY OF MIAMI EXCHANGEABLE BONDS SERIES 1996A $13,965,000 MIAM- 64B, MORTGAGES AND OTHER DADE COUNTY, FLORIDA EDU FAC AUTH BOND SERIES 2004B $33,990,000 NOTES NOTES PAYABLE PAYABLE AT VARIABLE RATE $95,570,000 TOTAL $143,525,000 Identifier Return Explanation Reference

FORM 990 - UNIVERSITY OF MIAMI INSURANCE COMPANY, LTD - NON-EXEMPT WELLESLEY HOUSE SOUTH, 2ND FLOOR, 90 PART V I, PITTS ROAD PEMBROKE HM08, BERMUDA EIN N/A NO AMOUNTS TRANSFERRED TO CONTROLLED ENTITY MIAMI LINE 80B ASSET MANAGEMENT COMPANY, INC - EXEMPT 150 ALHAMBRA CIRCLE, STE 800 CORAL GABLES, FL 33134 EIN 11-3642657 PURPOSE TO DEVELOP AND MANAGE VARIOUS REAL ESTATE PROPERTIES OWNED BY THE UNIVERSITY ORGANIZED EXCLUSIVELY TO SUPPORT, BENEFIT AND COMPLEMENT THE FUNCTIONS OF THE UNIVERSITY TRANSFER TO CONTROLLED ENTITY CONSTRUCTION LOAN $2,565,021 OPERATIONS LOAN $1,285,694 WVUM, INC - EXEMPT PO BOX 248191 CORAL GABLES, FL 33124-6978 EIN 59-1729614 PURPOSE EDUCATION ON RADIO TECHNOLOGY AND COMMUNICATIONS FOR UNIVERSITY OF MIAMI STUDENTS THROUGH OPERATIONS OF RADIO STATION WV UM TRANSFERS TO CONTROLLED ENTITY STUDENT ACTIVITY FEE $68,526 PAYMENT OF ACCOUNTING FEE $500 Identifier Return Explanation Reference

FORM 990 - PART IX - INFORMATION UNIVERSITY OF MIAMI INSURANCE COMPANY ADDRESS WELLESLEY HOUSE SOUTH REGARDING TAXABLE SECOND FLOOR, 90 PITTS ROAD PEMBROKE, HM08 BERMUDA EIN N/A TOTAL SUBSIDIARIES INCOME $5,755 ENDING ASSETS $165,408 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Investments - Other Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Description Book Value Cost/FMV REAL ESTATE 265,000 F MUTUAL FUNDS 193,735,897 F LIMITED PARTNERSHIP 515,620,400 F OTHER 31,253,441 F l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Mortgages and Notes Payable Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458 Total Mortgage Amount : 143525000

Item No. 1 Lender ' s Name SEE STATEMENT 5 Lender ' s Title Relationship to Insider Original Amount of Loan Balance Due 143525000 Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Officer Compensation Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

DR DONNA E SHALALA Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 606,298 115,316 Fundraising DR THOMAS J LEBLANC Compensation EE Benefit Plans Expense Acct Program Services 352,330 16,928 Mgmt & General Fundraising DR PASCAL GOLDSCHMIDT-CLERMONT Compensation EE Benefit Plans Expense Acct Program Services 283,333 8,027 Mgmt & General Fundraising DR JOHN G CLARKSON Compensation EE Benefit Plans Expense Acct Program Services 554,386 85,339 Mgmt & General Fundraising MR DAVID A LIEBERMAN Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 383,599 85,502 Fundraising MR ROBERT L BLAKE Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 291,201 66,757 Fundraising MRS DIANE M COOK Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 258,906 66,808 Fundraising MR ALAN J FISH Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 175,017 35,130 Fundraising MR SERGIO GONZALEZ Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 91,371 14,830 Fundraising 185,510 30,109 MR JERRY LEWIS Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 118,534 32,779 Fundraising MR PAUL M OREHOVEC Compensation EE Benefit Plans Expense Acct Program Services 285,595 67,213 Mgmt & General Fundraising MR SERGIO RODRIGUEZ Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 269,328 69,319 7,044 Fundraising DR M LEWIS TEMARES Compensation EE Benefit Plans Expense Acct Program Services 196,379 64,809 Mgmt & General 196,379 64,809 Fundraising DR ROOSEVELT THOMAS JR Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 188,864 41,533 Fundraising MRS AILEEN M UGALDE Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 193,187 46,932 Fundraising DR PATRICIA A WHITELY Compensation EE Benefit Plans Expense Acct Program Services 195,244 42,052 Mgmt & General Fundraising MS AIDA G DIAZ-PIEDRA Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 171,286 38,798 Fundraising DR LUIS GLASIER Compensation EE Benefit Plans Expense Acct Program Services 435,182 58,429 Mgmt & General Fundraising DR BERNARD FOGEL Compensation EE Benefit Plans Expense Acct Program Services 177,862 71,807 Mgmt & General Fundraising MR GLENDON L CARDWELL Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 113,318 58,439 Fundraising MR MICHAEL J MOLONEY Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 190,887 39,855 Fundraising mr PAUL T DEE Compensation EE Benefit Plans Expense Acct Program Services 369,433 51,584 Mgmt & General Fundraising ms SUSAN T JONES Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General Fundraising 142,568 23,989 MR LOREN W ROBERTS Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 220,777 65,704 Fundraising ms LOURDES F LAPAZ Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 138,273 31,185 Fundraising l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Other Assets Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Description Beginning of Year Amount End of Year Amount PROPERTY HELD FOR SALE 121,749 DEPOSITS AND OTHER 2,376,399 TRUSTS HELD BY OTHER 59,531,831 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Other Changes in Net Assets Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Description Amount

NET UNREALIZED GAINS ON INVESTMENTS 36,832,471

MINIMUM PENSION LIABILITY RECORDED PER 6,738,730

FIN 47 - CUMMULATIVE CHANGE IN 3,356,650 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Other Expenses Not Included Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Description Amount TUITION DISCOUNTING 126,699,642 INVESTMENT EXPENSES 3,803,556 COST OF SALES - INVENTORY/ -41,483 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Other Liabilities Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Description Beginning of Year Amount End of Year Amount MEDICAL SELF-INSURANCE RES. 66,025,990 OTHER LIABILITIES 160,910,727 REFUNDABLE FED. STUDENT LOANS 24,015,573 REFUNDABLE DEPOSITS 2,333,750 ANNUITIES PAYABLE 10,413,464 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Other Notes/Loans Receivable Short Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Category / Name Amount LOANS TO STUDENTS 42,334,004 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Other Revenues Not Included Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Description Amount TUITION DISCOUNTING 126,699,642 INVESTMENT EXPENSES 3,803,556 COST OF SALES- INVENTORY/OTHER -41,483 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Relationship Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Person Name / Business Title or Role Person Name 2 / Business Name Title or Role 2 Relationship Name 2

MR CARLOS M DE LA CRUZ SR TRUSTEE business mr manuel kadre esq relationship

MRS BARBARA HECHT TRUSTEE family relationship mrs florence hecht HA V EN ICK

MRS FLORENCE HECHT TRUSTEE family relationship mrs barbara hecht havenick

mr MANUEL KADRE ESQ TRUSTEE business mr carlos m de la cruz sr relationship

MR STUART A MILLER TRUSTEE family relationship mr steven j saiontz

MR STEVEN J SAIONTZ TRUSTEE family relationship mr stuart a miller l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Sales Of Inventory Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Category Gross Sales Cost of Goods Sold Net ( Gross Sales Minus Cost of Goods Sold) LIPOMOIST CREME 13,742 7,899 5,843 MARINE LAB 30,663 23,552 7,111 SALE OF SPORT SUPPLIES 2,831 1,738 1,093 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Tax-Exempt Bond Liabilities Schedule

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Item No. 1 Name of Issue Purpose see statement 4 Amount Outstanding 314285248 Unexpeded Bond Proceeds Third Party Use Space Percentage Maturity Date Repayment Terms Interest Rate Security l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Explanation of Receipt or Revocation of Government Financial Aid

Name : UNIVERSITY OF MIAMI EIN: 59-0624458 Statement : THE UNIVERSITY RECEIVES GRANTS AND CONTRACTS FROM GOVERNMENTAL AGENCIES FOR THE PURPOSES OF CONDUCTING RESEARCH, RESEARCH TRAINING, PUBLIC SERVICE AS WELL AS FOR STUDENT FINANCIAL AID. THE UNIVERSITY RECEIVES GOVERNMENT SUBSIDIES FOR MEDICAL STUDENT ADMITTED TO THE SCHOOL OF MEDICINE. l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Scholarship Award Statement

Name : UNIVERSITY OF MIAMI EIN: 59-0624458 Statement : DISBURSEMENTS IN FURTHERANCE OF THE UNIVERSITY'S EXEMPT PROGRAMS ARE MADE IN ACCORDANCE WITH PROCEDURES OR SUBJECT TO CONDITIONS ESTABLISHED BY OUR BOARD OF TRUSTEES DESIGNED TO INSURE THAT INDIVIDUALS AND ORGANIZATIONS RECEIVING DISBURSEMENTS ARE ADEQUATELY INVESTIGATED TO INSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY OUR ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT. l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490101001017

TY 2005 Self Dealing Statement

Name : UNIVERSITY OF MIAMI EIN: 59-0624458

Line Explanation Number 2b THE UNIVERSITY OF MIAMI SPONSORED A SPLIT DOLLAR LIFE INSURANCE EMPLOYEE BENEFIT PROGRAM. SOME UNIVERSITY OF MIAMI OFFICERS PARTICIPATED IN THE EMPLOYEE BENEFIT PROGRAM. THE BENEFIT PROGRAM WAS DESIGNED TO COMPLY WITH THE "LOAN REGIME" AS DESCRBIED IN AND REQUIRED BY TREAS. REG. SEC. 1.7872- 15. ALTHOUGH FINANCIALLY A "SPLIT DOLLAR LOAN", IT IS PART OF AN EMPLOYEE BENEFIT PROGRAM AND ECONOMICALLY NOT AN EXTENSION OF CREDIT. CONSISTENT WITH TREAS. REG. 1.7872-15 "SPLIT DOLLAR LOANS" ARE LISTED IN PART V, COLUMN D OF FORM 990. FOLLOWING IS THE INFORMATION FOR THE OFFICERS THAT PARTICIPATED IN THE SPLIT DOLLAR LIFE INSURANCE PROGRAM.. THE UNIVERSIT OF MIAMI'S SPLIT DOLLAR LIFE INSURANCE EMPLOYEE BENEFIT PROGRAM WAS TERMINATED IN MAY 31, 2006 AND THE BENEFITS WERE REPORTED AS TAXABLE INCOME TO THE PARTICIPANTS UPON THE TERMINATION OF THE PROGRAM.. PARTICIPANT DONNA SHALALA (PRESIDENT) ORIGINAL LOAN WAS DATED JANUARY 31, 2003 IN THE AMOUNT OF $20,833 WHICH WAS DUE UPON DEATH. THE BALANCE OF THE LOANS AS OF MAY 31, 2006 WAS $0. REPAYMENT TERMS: THE NOTE WAS DUE IN FULL UPON DEATH. PARTICIPANT M. LEWIS TEMARES (VICE PRESIDENT FOR INFORMATION TECHNOLOGY) ORIGINAL LOAN WAS DATED JUNE 23, 2003 IN THE AMOUNT OF $40,000 WHICH WAS DUE UPON DEATH. THE BALANCE OF THE LOANS AS OF MAY 31, 2006 WAS $0. REPAYMENT TERMS: THE NOTE WAS DUE IN FULL UPON DEATH. Line Explanation Number 2c DURING THE NORMAL COURSE OF BUSINESS OPERATIONS, THE UNIVERSITY INDIRECTLY ENGAGES IN TRANSACTIONS INVOLVING THE FURNISHING OF GOODS, SERVICES OR FACILITIES WITH TRUSTEES, DIRECTORS, PRINCIPAL OFFICERS, OR CREATORS. THESE TRANSACTIONS ARE NEGOTIATED AT ARMS LENGTH AND REPRESENT THE FAIR MARKET VALUE OF THE GOODS AND SERVICES RECEIVED. Line Number Explanation 2d SEE ATTACHED FORM 990, PART V