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ObjectId: 201641339349303844 - Submission: 2016-05-12
TIN: 35-0868188
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
14
Open to Public Inspection
Name of the organization
University of Notre Dame du Lac
Employer identification number
35-0868188
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts.
Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a)
Donor advised funds
(b)
Funds and other accounts
1
Total number at end of year
....
42
0
2
Aggregate value of contributions to (during year)
7,336,028
0
3
Aggregate value of grants from (during year)
1,786,995
0
4
Aggregate value at end of year
.....
47,385,563
0
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control?
...........
Yes
No
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit?
...................
Yes
No
Part II
Conservation Easements.
Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
Preservation of land for public use (e.g., recreation or education)
Preservation of an historically important land area
Protection of natural habitat
Preservation of a certified historic structure
Preservation of open space
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a
Total number of conservation easements
...
2a
b
Total acreage restricted by conservation easements
...
2b
c
Number of conservation easements on a certified historic structure included in (a)
.....
2c
d
Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register
...
2d
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year
4
Number of states where property subject to conservation easement is located
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds?
............
Yes
No
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
$
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)?
.............................
Yes
No
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included in Form 990, Part VIII, line 1
.........................
$
(ii)
Assets included in Form 990, Part X
...............................
$
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1
..........................
$
0
b
Assets included in Form 990, Part X
...............................
$
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014
Page 2
Schedule D (Form 990) 2014
Page
2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets
(continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
Public exhibition
d
Loan or exchange programs
b
Scholarly research
e
Other
c
Preservation for future generations
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?
...
Yes
No
Part IV
Escrow and Custodial Arrangements.
Complete if the organization answered "Yes" to Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X?
....................................
Yes
No
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c
Beginning balance
..
1c
1,760
d
Additions during the year
......
1d
13,608
e
Distributions during the year
......
1e
15,245
f
Ending balance
......
1f
123
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
Yes
No
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII
........
Part V
Endowment Funds.
Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)
Current year
(b)
Prior year
(c)
Two years back
(d)
Three years back
(e)
Four years back
1a
Beginning of year balance
....
8,189,096,422
6,959,050,707
6,444,598,397
6,383,343,071
5,340,685,012
b
Contributions
...
244,796,294
211,220,228
109,051,302
162,550,384
167,659,430
c
Net investment earnings, gains, and losses
659,396,671
1,317,009,930
725,521,322
177,082,485
1,115,963,818
d
Grants or scholarships
...
100,189,669
95,629,513
90,722,736
85,386,397
80,194,525
e
Other expenditures for facilities
and programs
...
208,718,859
202,554,930
229,397,578
192,991,146
160,770,664
f
Administrative expenses
....
0
0
0
0
0
g
End of year balance
......
8,784,380,859
8,189,096,422
6,959,050,707
6,444,598,397
6,383,343,071
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment
38.1 %
b
Permanent endowment
21 %
c
Temporarily restricted endowment
40.9 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:
Yes
No
(i)
unrelated organizations
.................
3a(i)
No
(ii)
related organizations
.................
3a(ii)
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R?
.........
3b
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property
(a)
Cost or other basis
(investment)
(b)
Cost or other basis (other)
(c)
Accumulated depreciation
(d)
Book value
1a
Land
...
9,300,000
24,286,842
33,586,842
b
Buildings
57,262,131
1,515,249,957
457,151,472
1,115,360,616
c
Leasehold improvements
0
13,690,051
3,532,970
10,157,081
d
Equipment
...
362,972
279,629,869
154,287,294
125,705,547
e
Other
...
45,009
297,939,201
67,671,007
230,313,203
Total.
Add lines 1a through 1e.
(Column (d) must equal Form 990, Part X, column (B), line 10(c).)
..
1,515,123,289
Schedule D (Form 990) 2014
Page 3
Schedule D (Form 990) 2014
Page
3
Part VII
InvestmentsOther Securities.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b.
See Form 990, Part X, line 12.
(a)
Description of security or category
(including name of security)
(b)
Book value
(c)
Method of valuation :
Cost or end-of-year market value
(1)Financial derivatives
738,760
F
(2)Closely-held equity interests
2,491
F
(3)Other
(A)
Short-term investments
20,755,945
F
(B)
Public equities - U.S.
535,991,036
F
(C)
Public equities - Non-U.S.
1,238,140,702
F
(D)
Public equities - Long/short strategies
1,342,645,780
F
(E)
Fixed income securities
424,011,797
F
(F)
Marketable alternatives
1,301,001,888
F
(G)
Private equity
2,969,798,690
F
(H)
Real estate and other real assets
1,030,750,438
F
(I)
Defined benefit pension plan assets
86,438,471
F
Total.
(Column (b) must equal Form 990, Part X, col. (B) line 12.)
8,950,275,998
Part VIII
InvestmentsProgram Related.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c.
See Form 990, Part X, line 13.
(a)
Description of investment
(b)
Book value
(c)
Method of valuation:
Cost or end-of-year market value
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 13.)
Part IX
Other Assets.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d.
See Form 990, Part X, line 15.
(a)
Description
(b)
Book value
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 15.)
...........
Part X
Other Liabilities.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f.
See Form 990, Part X, line 25.
1.
(a)
Description of liability
(b)
Book value
Federal income taxes
0
Short-term borrowing
45,015,000
Refundable advances
30,114,958
Liabilities associated with investments
788,949,879
Obligations under split-interest agreements
144,112,833
Conditional asset retirement obligations
25,011,358
Pension and other accrued postretirement benefits
136,368,289
Government advances for student loans
29,913,888
Debt-related derivative instruments
7,314,413
Student organization funds and other deposits
6,185,550
Self-insurance reserves
6,748,758
Other liabilities
15,370,480
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 25.)
1,235,105,406
2.
Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014
Page 4
Schedule D (Form 990) 2014
Page
4
Part XI
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1
Total revenue, gains, and other support per audited financial statements
.......
1
1,871,193,717
2
Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a
Net unrealized gains (losses) on investments
....
2a
32,417,838
b
Donated services and use of facilities
.........
2b
0
c
Recoveries of prior year grants
...........
2c
0
d
Other (Describe in Part XIII.)
............
2d
-296,746,082
e
Add lines
2a
through
2d
.....................
2e
-264,328,244
3
Subtract line
2e
from line
1
..................
3
2,135,521,961
4
Amounts included on Form 990, Part VIII, line 12, but not on line
1
:
a
Investment expenses not included on Form 990, Part VIII, line 7b
.
4a
49,282,128
b
Other (Describe in Part XIII.)
...........
4b
-511,944
c
Add lines
4a
and
4b
....................
4c
48,770,184
5
Total revenue. Add lines
3
and
4c.
(This must equal Form 990, Part I, line 12.)
......
5
2,184,292,145
Part XII
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1
Total expenses and losses per audited financial statements
...........
1
1,057,690,414
2
Amounts included on line 1 but not on Form 990, Part IX, line 25:
a
Donated services and use of facilities
.........
2a
0
b
Prior year adjustments
............
2b
0
c
Other losses
................
2c
0
d
Other (Describe in Part XIII.)
............
2d
511,944
e
Add lines
2a
through
2d
....................
2e
511,944
3
Subtract line
2e
from line
1
...................
3
1,057,178,470
4
Amounts included on Form 990, Part IX, line 25, but not on line
1:
a
Investment expenses not included on Form 990, Part VIII, line 7b
..
4a
49,282,128
b
Other (Describe in Part XIII.)
............
4b
250,308,190
c
Add lines
4a
and
4b
.....................
4c
299,590,318
5
Total expenses. Add lines
3
and
4c.
(This must equal Form 990, Part I, line 18.)
......
5
1,356,768,788
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part IV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference
Explanation
Schedule D, Part X Asset Retirement
The University recognizes asset retirement obligations when incurred. A discounting technique is used to calculate the present value of the capitalized asset retirement costs and the related obligation. Asset retirement costs are depreciated over the estimated remaining useful life of the related asset and the asset retirement obligation is accreted annually to the current present value. Upon settlement of an obligation, any difference between the retirement obligation and the cost to settle is recognized as a gain or loss in the consolidated statement of change in unrestricted net assets. The University's conditional asset retirement obligations relate primarily to asbestos remediation and will be settled upon undertaking associated renovation projects.
Schedule D, Part III, Line 1a Collections of art - financial statement footnote
The University does not capitalize the cost of library books, nor the cost or fair value of its art collection. The latter is held for exhibition and educational purposes only and not for financial gain.
Schedule D, Part III, Line 4 Collections of art - description of collections
The Snite Museum of Art maintains a collection of over 27,000 original works of art which are utilized for exhibition, teaching, research and educational outreach programs.
Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement
Interest on Lawyer Trust Accounts (IOLTA) - The University of Notre Dame's Legal Aid Clinic opened a custodial bank account on 11/8/01. The purpose of the account is to hold client's funds in trust. The interest earned on the funds is remitted to the Indiana Bar Foundation and used to pay for filing fees, fees for medical records, and recording and various court fees for clients with limited financial means.
Schedule D, Part V, Line 4 Intended uses of endowment funds
Endowment distributions are used to fund a variety of operational needs, including scholarships & fellowships, faculty chairs, academic programs, libraries, other endowment programs, and general operations.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990
Tuition discounts - -XXX-XX-XXXX Room & Board discounts - -4297732 Net gain/(loss) on debt-related derivative instruments - -6836035 Net pension and postretirement benefits-related changes - -28018352 Change in value of split-interest agreements - -9052301 Other non-operating changes in net assets - -2531204
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements
Direct expenses of fundraising events - -510762 Direct expenses from gaming activities - -1182
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990
Direct expenses of fundraising events - 510762 Direct expenses from gaming activities - 1182
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements
Tuition scholarships and fellowships - XXX-XX-XXXX Room & board discounts - 4297732
Schedule D (Form 990) 2014
Additional Data
Software ID:
14000329
Software Version:
2014v1.0