Brandeis University

“The finance office is responsible for providing the necessary information to the university's tax advisory firm to prepare the form 990. The completed draft is reviewed by management and recommended changes are discussed with the finance office and incorporated into the return, as appropriate. For fiscal year 2024, the risk management and audit committee reviewed the form 990 and discussed any questions with the finance office and the university's tax advisory firm. After the risk management and audit committee's review, and prior to filing the completed form 990, a copy of the form 990 was sent to each member of the board of trustees.”

“The brandeis university conflict of interest policy for trustees, officers and committee members establishes a process whereby potential, apparent and actual conflicts of interest of trustees, officers and non-trustee committee members may properly be avoided or managed so that the best interests of the university are protected. Officers, trustees and committee members complete an annual conflict of interest disclosure form, which is consistent with the policy and the applicable regulatory and auditing requirements. The investment committee members complete an annual disclosure form with additional questions related to university's investments. Certain senior officers and financial employees are also required to complete an annual disclosure form with respect to the university's investments. The executive committee of the board of trustees, with the assistance of the general counsel, oversees the collection and review of the disclosure forms. In the case of a potential, apparent, or actual related party transaction or other situation presenting a possible conflict of interest, the executive committee of the board of trustees chair is responsible for deciding whether to submit the transaction or situation to the executive committee of the board of trustees or the board for a determination. In addition, the university has established a separate conflict of interest policy for its employees. Under this policy, disclosure forms are completed annually by all senior officers, the president's cabinet, department chairs, heads of centers and institutes, principal investigators and other designated senior officials and financial personnel. Persons with a conflict are recused from discussions and do not vote on resolutions that pertain directly to their conflict.”

“The university is committed to attracting, retaining and motivating qualified employees, relating compensation to performance, promoting an equitable relationship between compensation and responsibility and ensuring compliance with law and regulation. This process is the foundation of all hiring, annual performance evaluations and salary adjustments. The board of trustees is responsible for approving the president's compensation based upon recommendation from the executive committee of the board of trustees. Compensation paid to the president's direct reports shall be approved by the executive committee of the board of trustees based upon a recommendation from the president. Compensation paid to the president's direct reports shall be reported to the board of trustees. The executive committee of the board of trustees utilizes independent external consultants to assist with both the review of compensation agreements and the gathering of comparability data in determining the reasonableness of compensation and compliance with the procedures described in treasury regulation section 53.4958-6.”

“The organization's financial statements and form 990 are available online at www.brandeis.edu/business-finance. The university's governing documents are available online at www.brandeis.edu/trustees. The organization's form 990 and audited financial statements are also available at the website of the massachusetts attorney general.”

“Organization's mission brandeis university is a community of scholars and students united by their commitment to the pursuit of knowledge and its transmission from generation to generation. As a research university, brandeis is dedicated to the advancement of the humanities, arts and social sciences, natural and physical sciences. As a liberal arts college, brandeis affirms the importance of a broad and critical education in enriching the lives of students and preparing them for full participation in a changing society. In this manner, brandeis seeks to ensure its students are capable of promoting their own welfare while remaining deeply concerned about the welfare of others. In a world of challenging social and technological transformation, brandeis remains a center of open inquiry and teaching, cherishing its independence from any doctrine of government. It strives to reflect the heterogeneity of the united states and of the world community whose ideas and concerns it shares. In the belief that the most important learning derives from the personal encounter and joint work of teachers and students, brandeis encourages undergraduates and postgraduates to participate with distinguished faculty in research, scholarship and artistic activities.”

“Change in value of split interest trusts -1,175,356. Loss on sale of fixed assets -4,121.”