Trustees of Boston University

“With certain exceptions specified in the university's by-laws or otherwise required by law, the executive committee exercises the powers of the board of trustees between full board meetings. The committee holds meetings during most months when the full board does not meet and otherwise as necessary. The membership of the executive committee consists of the officers of the board, the chairs of the other standing committees of the board, the president, and up to three at-large members elected annually by the board. All members of the executive committee are members of the board of trustees.”

“Upon completion, a draft of the form 990 is reviewed by the associate vice president and university controller, by the chief financial officer (as well as other finance/accounting staff), and by university counsel. The university's public accounting firm, kpmg, is involved throughout the preparation and review of the return. The form is then sent to the university's audit committee to be reviewed during its annual spring meeting. After audit committee review, the final return is provided to the board of trustees via a secure site before it is filed with the irs.”

“All trustees, officers, key employees, and other representatives (including vice presidents and other managerial personnel) are required to disclose on the university's conflict of interest disclosure form any business or financial relationship they or members of their immediate families have or propose to have with the university, either directly or through another entity in which they have a significant interest. The disclosure form is required to be filed annually; an amended form must be filed promptly in the event of a material change in circumstances. A trustee or officer is required to provide advance written disclosure of any proposed business or financial relationship covered by this policy to the chairman of the audit committee. An employee or other representative must provide advance written disclosure of any such relationship to the university's compliance committee. Trustees, officers, key employees, and other representatives who have disclosed a potential conflict of interest must refrain from participating in the university's consideration of any proposed business or financial relationship in which they are interested, except to respond to questions or to provide further information. If a transaction or relationship requires a vote, the interested party should not be present at the time of the vote. The audit committee determines whether a business or financial relationship involving a trustee or officer should be entered into or continued. In the case of any such relationship involving a trustee, such a determination is to be set forth in a written report of the audit committee signed by the chairman and a majority of the committee. The compliance committee determines whether a business or financial relationship involving an employee or other representative should be entered into or continued. The compliance committee provides such reports as may be requested by the audit committee and may request advice or direction from the audit committee.”

“Each year, including the year covered by this return, the following process is used to establish the compensation for the following individuals: the president; university provost; medical campus provost; chief investment officer; senior vice president for operations; senior vice president, chief financial officer, and treasurer; and senior vice president, general counsel, and secretary of the board of trustees. The compensation committee of the board of trustees (which consists entirely of independent persons having no conflicts of interest as defined in the applicable regulations) engages the services of an independent consulting firm to obtain comparable compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. The committee reviews this data and the performance of the individuals holding the positions in question, and it develops a recommendation regarding the president's compensation and considers the president's compensation recommendations for each of the other covered persons. The compensation committee then presents the data and its compensation recommendations to the full board of trustees for review and approval. The deliberations and actions of both the compensation committee and the board of trustees are documented contemporaneously.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public via its own website.”

“Robert a. Brown, the president of boston university until 7/31/2023 and kenneth freeman, the interim president of boston university from 8/1/2023 until 6/30/2024, devote one hour or less per week to the massachusetts green high performance computing center, a related organization. Gary w. Nicksa, an officer of boston university until 12/31/2023, devotes one hour or less per month to each of 660 corporation, akeah inc., and boston university foundation - india, all related organizations. Nicole tirella, an officer of boston university effective 1/1/2024, devotes one hour or less per month to each of 660 corporation, akeah inc., and boston university foundation - india, all related organizations. Derek howe, a key employee of boston university, devotes two hours or less per month to pleasant ventures realty trust, a related organization. Karen h. Antman, md, a key employee of boston university, devotes four hours or less per week to faculty practice foundation, inc., a related organization. Tony tannoury, chadi tannoury, and david coleman are on the list of five highest compensated employees of boston university, each devoting 55 hours or less per week to faculty practice plans. Kevin e. Smith and kimberly a.s. Howard were compensated as faculty members, not as trustees.”

“Organization's mission boston university is an international, comprehensive, private research university, committed to educating students to be reflective, resourceful individuals ready to live, adapt, and lead in an interconnected world. Boston university is committed to generating new knowledge to benefit society.”

“Instruction - boston university today is one of the most dynamic, forward-looking private research universities in the world, with students and faculty who are immersed in innovative educational programs at the frontiers of scholarship, research, and public service, all in a 21st-century atmosphere of urban and global engagement. With 17 schools and colleges and the faculty of computing & data sciences and three campuses, boston university offers its students more than 300 programs of study in the liberal arts, science and engineering, health science, the arts, and other professional disciplines. Students come from all over the globe and study around the world through nearly 200 study abroad programs offering opportunities in more than 20 countries. Boston university faculty are committed to excellence in teaching and in path-breaking research and scholarship. They are expanding the boundaries of knowledge across disciplines, from molecular medicine, biological evolution, and high-energy physics to business management, poetry, and the performing arts. The university places a strong emphasis on the interdisciplinary and collaborative efforts of both faculty and students, with major initiatives in neuroscience, systems biology, photonics, engineering biology, data science, urban health, global health and development, and emerging infectious diseases, along with research in communications and the humanities.”

“Gain on interest rate exchange agreements 12,623,414. Unrealized loss on non-investment assets -361,835. Net actuarial loss -575,895. Other adjustments 8,258,809.”