Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.

OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
DePaul University
 
Employer identification number
36-2167048
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer
(i) Pool
financing
Yes No Yes No Yes No
A Illinois Finance Authority
 
86-1091967 45200BAT5 03-25-2004 52,321,189 See Part VI X     X   X
B Illinois Finance Authority
 
86-1091967 45189FCW2 07-08-2004 49,755,328 See Part VI X     X   X
C Illinois Finance Authority
 
86-1091967 45200BLN6 03-16-2005 46,579,779 See Part VI   X   X   X
D Illinois Finance Authority
 
86-1091967 45200FKT5 06-25-2008 48,126,833 See Part VI   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 19,785,000 10,690,000 19,300,000 6,070,000
2 Amount of bonds legally defeased . . . . . . . . . . . 625,000 37,160,000 0 0
3 Total proceeds of issue . . . . . . . . . . . . . . 62,202,058 49,823,617 47,761,320 48,303,875
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 0 602,786 0 0
8 Credit enhancement from proceeds . . . . . . . . . . . 0 0 252,294 0
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 0 0 0 0
11 Other spent proceeds . . . . . . . . . . . . . . 62,202,058 49,220,831 47,509,026 48,303,875
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . . 2004 2004 2005 2008
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . .   X X   X   X  
15 Were the bonds issued as part of an advance refunding issue? . . . . . X     X X     X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X           X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X           X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2012
Page 2
Schedule K (Form 990) 2012
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .   X           X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . . . . . . . . . . . .                
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X           X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? .                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.00000% 0.00000% 0.00000% 0%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0.00000% 0.00000% 0.00000%   %
6 Total of lines 4 and 5 . . . . . . . . . . . . . . . 0.00000% 0.00000% 0.00000%   %
7 Does the bond issue meet the private security or payment test? . . . . .   X           X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X           X
b If “Yes” to line 8a, enter the percentage of bond-financed property sold or disposed of.   %   %   %   %
c If “Yes” to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X           X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . .   X   X   X   X
c No rebate due? . . . . . . . . . .
X   X   X   X  
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .   X   X   X   X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . . 0
 
0
 
0
 
 
 
c Term of hedge . . . . . . . . . .        
d Was the hedge superintegrated? . . . . . .                
e Was a hedge terminated? . . . . . . .                
Schedule K (Form 990) 2012
Page 3
Schedule K (Form 990) 2012
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .   X   X   X   X
b Name of provider . . . . . . . . . 0
 
0
 
0
 
0
 
c Term of GIC . . . . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .                
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
1 Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
. SCHEDULE K, PART I, COLUMN E, LINE C Line C - After the close of its 2008/09 fiscal year, the university discovered that the issue price, of $43,735,000, shown on the originally filed Form 8038 was incorrect. The university discussed this error with both Bond Counsel and the Illinois Finance Authority (IFA), issuer of the bonds. Subsequently, on October 9, 2009, IFA filed an amended Form 8038 with the IRS. The issue price for this line item has been revised from that reported on the university's 2008 Schedule K to reflect the corrected amount, of $46,579,779, as shown on the amended Form 8038.
Description of Purpose SCHEDULE K, PART I, COLUMN F, LINE A The Series 2004A Bonds were issued to provide funds to refund the Series 2000 bonds, which had an original issue date of November 2, 2000. The University contributed $1,600,043 from its own funds to the escrow funds relating to the refunding of the Series 2000 Bonds and to pay Underwriter's compensation, legal fees and expenses, Trustee's fees and expenses and other costs of issuance. No amount is listed on Part II, line 6 for this issue because all the refunding escrow amounts have been spent and the escrow account has expired.
Description of Purpose SCHEDULE K, PART I, COLUMN F, LINE B The Series 2004C bonds were legally defeased with the proceeds of the Series 2013 bonds. The Series 2004C bonds will be fully paid on October 1, 2014.
Description of Purpose SCHEDULE K, PART I, COLUMN F, LINE C Proceeds of the Series 2005A Bonds were used to currently refund a portion of the outstanding Series 1992 bonds, which had an original issue date of February 11, 1992, to advance refund a portion of the outstanding series 1997 bonds, which had an original issue date of January 29, 1997, and to pay the premium for a bond insurance policy. No amount is listed on Part II, line 6 for this issue because all the refunding escrow amounts have been spent and the escrow account has expired.
Description of Purpose SCHEDULE K, PART I, COLUMN F, LINE D Proceeds of the Series 2008 Bonds were used to provide funds to acquire title to certain educational facilities for a price sufficient to currently refund all outstanding MJH Series 1998C-D Bonds, which had an original issue date of October 21, 1998, and MJH Series 2003A-D Bonds, which had an original issue date of June 26, 2003. All costs of issuance incurred in connection with the Series 2008 Bonds were paid directly by the University. No amount is listed on Part II, line 6 for this issue because all the refunding escrow amounts have been spent and the escrow account has expired.
Description of Purpose SCHEDULE K CONTINUATION SHEET PART I, COLUMN F, LINE A The Series 2011A bonds were issued to provide funds to finance the costs of acquisition, construction, renovation, improvement, furnishing and equipping certain of the university's educational facilities at its Lincoln Park and downtown campuses. All proceeds were distributed as of December 15, 2012.
Description of Purpose SCHEDULE K CONTINUATION SHEET PART I, COLUMN F, LINE B The Series 2011B bonds were issued to provide funds to currently refund the university's Series 2005B and 2005C bond issues, which both had original issue dates of March 16, 2005. The Series 2005B bonds refunded a portion of the Series 1992 bonds. The Series 2005C bonds refunded a portion of the Series 1997 bonds. No amount is listed on Part II, line 6 for this issue because all the refunding escrow amounts have been spent and the escrow account has expired.
Description of Purpose SCHEDULE K CONTINUATION SHEET PART I, COLUMN F, LINE C The Series 2013 bonds were issued to provide funds to fund a refunding escrow to defease the Series 2004C bonds. The Series 2004C bonds were used to provide funds to acquire title to certain educational facilities for a price sufficient to currently refund all outstanding MJH Series 1999D-G bonds.
Other Spent Proceeds SCHEDULE K, PART II, LINE 11 The amounts shown on this line relate to the refunding proceeds of the respective bond issue.
Private Business Use Not Reported SCHEDULE K, PART III, COLUMNS A, B, C AND CONTINUATION SHEET COLUMN B The issues represented in these columns are post-December 31, 2002 refunding issues that refunded, either directly or through a series of refundings, pre-January 1, 2003 bonds. Therefore, due to the special transitional rule, the private business use for these issues is not required to be reported on Schedule K.
Rebate Computation Date SCHEDULE K, PART IV, COLUMN A, LINE 2C Rebate computation performed 02/02/2009.
Rebate Computation Date SCHEDULE K, PART IV, COLUMN B, LINE 2C Rebate computation performed 02/02/2009.
Rebate Computation Date SCHEDULE K, PART IV, COLUMN C, LINE 2C Rebate computation performed 03/10/2010.
Rebate Computation Date SCHEDULE K, PART IV, COLUMN D, LINE 2C Rebate computation performed 03/01/2013.
Private Business Use Percentages SCHEDULE K, PART III, COLUMN D AND CONTINUATION SHEET COLUMNS A & C The private business use percentages shown relates to the portion of the original issue still outstanding as of June 30, 2013 and subject to private business use reporting.
Schedule K (Form 990) 2012

Additional Data


Software ID:  
Software Version: