| OTHER PROGRAM SERVICES |
PART III, LINE 4D INCLUDES ACADEMIC SUPPORT ACTIVITIES SUCH AS ACADEMIC ADMINISTRATION, RESEARCH ADMINISTRATION, AND THE PRINCETON UNIVERSITY ART MUSEUM; STUDENT SERVICES SUCH AS ADMISSION, FINANCIAL AID, REGISTRAR, CAREER SERVICES, HEALTH SERVICES AND ATHLETICS; AND PUBLIC SERVICE. FOREIGN COUNTRIES PART V, LINE 4B, CONTINUED FROM ATTACHMENT 2 HONG KONG JAPAN JERSEY NETHERLANDS POLAND SPAIN SWITZERLAND UNITED KINGDOM |
| Significant changes to its governing documents |
Part VI, Section A, Question 4 The University made a significant change in its bylaws during the fiscal year. The University created a new position, Vice President for Communications and Public Affairs, which changed the number and composition of the organizations officers. Governing Body PART VI, SECTION A, QUESTION 7A The Princeton University Board of Trustees consists of 40 MEMBERS. Thirteen members are Alumni Trustees who are elected by the alumni members of the University and serve four-year terms. Four Alumni Trustees are elected by the junior and senior classes and the two most recently graduated undergraduate classes. Nine of these alumni trustees are elected through an alumni-wide election overseen by the Committee to Nominate Alumni Trustees. Alumni trustees have the same rights and powers as other trustees. |
| FORM 990 PROVIDED TO ORGANIZATIONS GOVERNING BODY |
PART VI, SECTION B, LINE 11a The Form 990 is prepared by the University's Office of Finance & Treasury and is reviewed by management. The Schedule J compensation information is reviewed by the Compensation Committee and the entire Form 990 is reviewed by the Audit & Compliance Committee at a meeting prior to its filing with the IRS. A draft copy of the form, along with supplementary information, is provided in electronic form to the committees in advance of the meetings, and the draft is revised subsequently, as necessary. The full Board of Trustees is provided access to the final draft form prior to the filing date, allowing sufficient time for review. |
| Conflict of Interest Policy |
Part VI, Section B, Line 12c On an annual basis, all trustees are provided with a copy of the conflict of interest policy for trustees and a statement of compliance affirmation which they are required to sign and return to the office of the Vice President and Secretary. Where questions arise about potential conflicts of interest or the possible perception of such conflicts, the policy requires that those issues be brought to the chair of the trustee committee on compensation for resolution. On an annual basis, the vice president of human resources, the dean of the faculty, and the director of the Princeton Plasma Physics Laboratory ("PPPL") are responsible for ensuring compliance with the University's conflict of interest policies by all employees hired through their respective units. All office heads, managers of departments, programs, centers, and institutes, and academic department chairs are reminded of their obligation to ensure compliance in their functional areas. All employees are required to review the conflict of interest policies, which are provided to them online, and to complete a disclosure form acknowledging that they have reviewed the policies and requiring that any conflicts or potential conflicts be disclosed. All disclosed conflicts are reviewed by the applicable office head, manager or department chair, and then brought to the respective vice president of human resources, the dean of the faculty, or the director of the PPPL for further review and resolution. Conflict disclosure forms completed by officers are reviewed by the president of the University and by the compensation committee of the board of trustees; the president's disclosure form is reviewed by the compensation committee of the board of trustees, and disclosed conflicts, if any, are appropriately resolved. |
| DETERMINATION OF COMPENSATION |
PART VI, SECTION B, QUESTIONS 15a & 15b THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES MEETS EVERY SPRING TO SET THE PRESIDENT'S COMPENSATION AND THE COMPENSATION LEVELS FOR CERTAIN CORPORATE OFFICERS AND TO REVIEW THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE HAS AN INDEPENDENT COMPENSATION CONSULTANT WHO PROVIDES ALL OF THE COMPARABILITY DATA FOR THE PRESIDENT'S POSITION. WITH THIS INFORMATION, THE COMMITTEE THEN DETERMINES THE PRESIDENT'S COMPENSATION. THE HUMAN RESOURCES DEPARTMENT PROVIDES THE COMMITTEE WITH MARKET COMPARABILITY DATA FOR THE REMAINING OFFICERS AND KEY EMPLOYEES. THE COMMITTEE DISCUSSES AND REVIEWS THE RECOMMENDED COMPENSATION OF SUCH INDIVIDUALS WITH THE PRESIDENT. THE SECRETARY TO THE COMMITTEE TAKES NOTES DURING THE MEETINGS AND WRITES THE MINUTES REFLECTING THE REVIEW, DELIBERATION AND DECISION PROCESSES. |
| FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC |
PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH PRINCETON UNIVERSITY'S WEBSITE. |
| AVERAGE HOURS PER WEEK |
PART VII, SECTION A, COLUMN B Certain officers of the Trustees of Princeton University also serve on the boards of related organizations: Stanley J. Seeger Hellenic Fund, Forrestal Investment Corporation, Princeton Charitable Foundation Limited, Princeton University Press, and Forrestal Agricultural Corporation. The average hours per week that these officers devote to the related organizations during the year is less than one hour a week or month. |
| UNRESTRICTED NET ASSETS |
PART X, LINE 27 Included in Line 27, Unrestricted net assets, is a non-controlling interest of $200,961,000. |
| Other changes in net assets or fund balances |
Part XI, Line 9 Included in line 9 are net periodic benefit cost other than service cost of $(17,374,000) and other postretirement benefit changes of 142,114,000. |
Attach to Form 990 or 990-EZ.