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ObjectId: 201941359349302369 - Submission: 2019-05-15
TIN: 21-0634501
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
17
Open to Public Inspection
Name of the organization
The Trustees of Princeton University
Employer identification number
21-0634501
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2017
Page 2
Schedule J (Form 990) 2017
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
AINSLIE CAROLYN
VP FOR FINANCE/TREASURER
(i)
(ii)
489,402
-------------
0
0
-------------
0
43,125
-------------
0
33,250
-------------
0
34,675
-------------
0
600,452
-------------
0
0
-------------
0
2
Birmingham Jennifer
MANAGING DIRECTOR OF PRINCO
(i)
(ii)
524,818
-------------
0
541,789
-------------
0
46,703
-------------
0
511,400
-------------
0
28,018
-------------
0
1,652,728
-------------
0
0
-------------
0
3
Calhoun W Rochelle
V.P. for Campus Life
(i)
(ii)
343,286
-------------
0
0
-------------
0
15,913
-------------
0
33,250
-------------
0
23,780
-------------
0
416,229
-------------
0
0
-------------
0
4
DEBENEDETTI PABLO
DEAN FOR RESEARCH
(i)
(ii)
393,032
-------------
0
0
-------------
0
27,339
-------------
0
33,250
-------------
0
24,730
-------------
0
478,351
-------------
0
0
-------------
0
5
Dolan Jill
DEAN OF THE COLLEGE
(i)
(ii)
364,725
-------------
0
0
-------------
0
35,268
-------------
0
33,250
-------------
0
16,918
-------------
0
450,161
-------------
0
0
-------------
0
6
dominick james
VP FOR INFO. TECHNOLOGY & CIO
(i)
(ii)
411,628
-------------
0
0
-------------
0
28,077
-------------
0
33,250
-------------
0
36,555
-------------
0
509,510
-------------
0
0
-------------
0
7
DURKEE ROBERT
VICE PRESIDENT & SECRETARY
(i)
(ii)
431,980
-------------
0
0
-------------
0
30,781
-------------
0
33,250
-------------
0
17,935
-------------
0
513,946
-------------
0
0
-------------
0
8
EISGRUBER CHRISTOPHER
PRESIDENT
(i)
(ii)
846,015
-------------
0
0
-------------
0
91,635
-------------
0
33,250
-------------
0
97,100
-------------
0
1,068,000
-------------
0
0
-------------
0
9
ERICKSON JONATHAN
MANAGING DIRECTOR OF PRINCO
(i)
(ii)
496,480
-------------
0
1,567,481
-------------
0
43,559
-------------
0
920,000
-------------
0
23,364
-------------
0
3,050,884
-------------
0
1,254,981
-------------
0
10
GOLDEN ANDREW
PRESIDENT,P.U.INVESTMENT CO.
(i)
(ii)
920,242
-------------
0
2,604,032
-------------
0
101,210
-------------
0
2,388,679
-------------
0
49,906
-------------
0
6,064,069
-------------
0
1,801,449
-------------
0
11
Heaney Kevin
Vice President for Advancement
(i)
(ii)
498,948
-------------
0
0
-------------
0
41,665
-------------
0
33,250
-------------
0
26,606
-------------
0
600,469
-------------
0
0
-------------
0
12
KARNS EDWARD
MANAGING DIRECTOR OF PRINCO
(i)
(ii)
493,903
-------------
0
911,610
-------------
0
35,787
-------------
0
940,150
-------------
0
28,478
-------------
0
2,409,928
-------------
0
455,741
-------------
0
13
KLAUS CHAD
VP FOR UNIVERSITY SERVICES
(i)
(ii)
331,305
-------------
0
0
-------------
0
13,593
-------------
0
33,250
-------------
0
18,873
-------------
0
397,021
-------------
0
0
-------------
0
14
KULKARNI SANJEEV
DEAN OF FACULTY AS OF 7/1/17
(i)
(ii)
436,390
-------------
0
0
-------------
0
26,838
-------------
1,000
33,250
-------------
0
39,617
-------------
0
536,095
-------------
1,000
0
-------------
0
15
Leslie Sarah-Jane
DEAN OF GRAD SCH. AS OF 1/1/18
(i)
(ii)
239,977
-------------
0
0
-------------
0
130,657
-------------
0
33,250
-------------
0
15,466
-------------
0
419,350
-------------
0
0
-------------
0
16
Massey Douglas
Prof.of Sociology&Pub. Affairs
(i)
(ii)
349,782
-------------
0
0
-------------
0
488,098
-------------
0
33,250
-------------
0
20,391
-------------
0
891,521
-------------
0
0
-------------
0
17
millar james
MANAGING DIRECTOR OF PRINCO
(i)
(ii)
520,992
-------------
0
1,014,118
-------------
0
41,322
-------------
0
966,642
-------------
0
26,768
-------------
0
2,569,842
-------------
0
688,851
-------------
0
18
PRENTICE DEBORAH
PROVOST AS OF 7/1/17
(i)
(ii)
590,342
-------------
0
0
-------------
0
51,072
-------------
0
33,250
-------------
0
40,498
-------------
0
715,162
-------------
0
0
-------------
0
19
ROMERO RAMONA
General Counsel
(i)
(ii)
537,061
-------------
0
0
-------------
0
91,811
-------------
0
33,250
-------------
0
27,101
-------------
0
689,223
-------------
0
0
-------------
0
20
SHROFF NILUFER
CHIEF AUDIT&COMPLIANCE OFFICER
(i)
(ii)
358,627
-------------
0
0
-------------
0
15,076
-------------
0
33,250
-------------
0
16,385
-------------
0
423,338
-------------
0
0
-------------
0
21
SULLIVAN-CROWLEYLIANNE
VICE PRESIDENT OF HR
(i)
(ii)
359,201
-------------
0
0
-------------
0
22,512
-------------
0
33,250
-------------
0
35,271
-------------
0
450,234
-------------
0
0
-------------
0
22
Whang KyuJung
VP Facilities as of 1/23/17
(i)
(ii)
391,111
-------------
0
0
-------------
0
45,880
-------------
0
33,250
-------------
0
17,429
-------------
0
487,670
-------------
0
0
-------------
0
23
WILLIAMS CHARLOTTE TREBY
Executive Vice President
(i)
(ii)
517,588
-------------
0
0
-------------
0
40,582
-------------
0
33,250
-------------
0
42,417
-------------
0
633,837
-------------
0
0
-------------
0
24
DOBKIN DAVID
PROF/FMR DEAN OF THE FACULTY
(i)
(ii)
362,592
-------------
0
0
-------------
0
119,648
-------------
0
33,250
-------------
0
24,371
-------------
0
539,861
-------------
0
0
-------------
0
25
LEE DAVID
Prof. of Economics/Fmr Provost
(i)
(ii)
472,274
-------------
0
0
-------------
0
155,569
-------------
0
33,250
-------------
0
18,398
-------------
0
679,491
-------------
0
0
-------------
0
26
MCKAY MICHAEL
FORMER VP FOR FACILITIES
(i)
(ii)
0
-------------
0
0
-------------
0
361,000
-------------
0
0
-------------
0
0
-------------
0
361,000
-------------
0
0
-------------
0
27
RUSSEL WILLIAM
PROF/FMR DEAN OF GRAD. SCHOOL
(i)
(ii)
36,007
-------------
0
0
-------------
0
549,155
-------------
0
3,404
-------------
0
1,959
-------------
0
590,525
-------------
0
0
-------------
0
28
SMITH STEWART AJ
Prof. Emeritus/Fmr Dean of Res
(i)
(ii)
117,821
-------------
0
0
-------------
0
260
-------------
0
11,062
-------------
0
8,033
-------------
0
137,176
-------------
0
0
-------------
0
29
TILGHMAN SHIRLEY
PROFESSOR/FORMER PRESIDENT
(i)
(ii)
370,364
-------------
0
0
-------------
0
122,971
-------------
0
33,250
-------------
0
16,599
-------------
0
543,184
-------------
0
0
-------------
0
Schedule J (Form 990) 2017
Page 3
Schedule J (Form 990) 2017
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
RELEVANT INFORMATION REGARDING TRAVEL, HOUSING & PERSONAL SERVICES
SCHEDULE J, PART I, LINE 1A Under the University expense guidelines, Employees may travel at fares other than coach class for special health or other business reasons as approved by the Executive VP or the Dean of the Faculty or, in the case of the president, by the compensation committee. Spousal/partner travel is permissible in rare instances when the presence of a spouse/partner is required by the University to further an institutional business purpose as approved by the Executive VP or the Dean of the Faculty. The University may provide tax gross-up payments under certain circumstances as approved by the compensation committee, president, provost, executive vice president, vice president for human resources, or the dean of the faculty. The University does not provide tax indemnifications. The University requires its president and dean of the graduate school to live in its official university residences for the university's convenience and as a condition of employment. The University employs staff to support business events at the official residences. Severance Payments Schedule J, Part I, Line 4a and Part II, Column B (III) Michael McKay received a severance payment as part of a leadership transition. VOLUNTARY INCENTIVE RETIREMENT PLAN SCHEDULE J, PART I, LINE 4A DOUGLAS MASSEY, PROFESSOR OF SOCIOLOGY & PUBLIC AFFAIRS, RECEIVED LUMP-SUM COMPENSATION OF $361,600 AND WILLIAM RUSSEL, PROFESSOR AND FORMER DEAN OF GRADUATE SCHOOL, RECEIVED LUMP-SUM COMPENSATION OF $549,000 IN ACCORDANCE WITH A VOLUNTARY INCENTIVE RETIREMENT PLAN OFFERED TO FACULTY MEMBERS WHO REACH RETIREMENT AGE.
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
SCHEDULE J, PART I, LINE 4B The President and the Managing Directors of Princeton University Investment Company, a University department, participated in and received compensation from nonqualified unfunded 457(f) incentive compensation plans which provide for the deferral of compensation (which amount can increase or decrease substantially depending on the performance of certain market benchmarks), until such compensation is no longer subject to a substantial risk of forfeiture. NON-FIXED PAYMENTS SCHEDULE J, PART I, LINE 7 The President and the Managing Directors of Princeton University Investment Company, a University department, received incentive compensation from the University based on investment results relative to various benchmark indices, peer group performance and a discretionary factor.
PRIOR YEAR COMPENSATION
SCHEDULE J, PART II, COLUMN F THE AMOUNTS REPORTED IN COLUMN (F) ONLY REFLECT COMPENSATION REPORTED IN COLUMN (B) THAT WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR YEAR RETURNS.
Schedule J (Form 990) 2017
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