Brown University of Providence

“The advisory & executive committee shall consist of the president (chair), the chancellor, the vice chancellor, the secretary, and the treasurer, all ex officio, and at least nine additional members of the corporation of whom at least two shall be fellows and three trustees. The chairs of the committees on academic affairs, budget & finance, campus life, advancement, facilities & campus planning, audit, medical school and investment shall always be among the members of the advisory & executive committee. Three fellows and four trustees shall constitute a quorum. The committee may transact any business of the corporation except the location of buildings and the election of trustees, fellows, and the president. In addition to the powers of the minor quorum, the committee, by action of the corporation, is authorized to appoint professors. The acts of the advisory & executive committee shall be valid until the next meeting of the corporation, and no longer unless approved by the corporation. Part vi, section a, line 2 ralph rosenberg and todd fisher have a business relationship as both sit on the board of another organization. Maria zuber and brian moynihan have a business relationship as both sit on the board of another organization. Rich friedman and pablo salame have a business relationship as both sit on the board of another organization. Part vi, section b, line 11 the return is prepared by the university and reviewed by the university's tax consultants. A draft version of the form 990 is provided to the controller, vice president for finance and chief financial officer, executive vice president for finance & administration, and the committee on risk and audit for review. Changes/comments are submitted to management and any necessary changes are made prior to the final review and signing of the tax return by the university's independent auditors/tax consultants. The final tax return is provided to the board prior to filing. Part vi, section b, line 12c all members of the brown community are responsible for reading the university's conflict of interest and commitment policy (coicp) and its related guidelines and to disclose potential or actual conflicts as they arise to their supervisor or assigned senior administrator. Failure to do so will be deemed a failure to meet one's obligations for which sanctions, up to and including dismissal, may be imposed. Responsibility for implementing the university's coicp is as follows - the chancellor for members of the corporation and its standing committees; the president for the cabinet; and the provost for officers of instruction and research. For all other members of the brown community, responsibility for implementing the university's coicp shall rest with the senior vice president for corporation affairs and governance. All corporation members, all members of the corporation's standing committees, all officers of instruction, all senior officers, and selected staff shall also be responsible for submitting an annual disclosure form. If there are no disclosures which present a conflict or appear to present a conflict, the supervisor signs the form and forwards it to the assigned senior administrator. If there are disclosures which present a conflict or appear to present a conflict, the supervisor is responsible for working with the employee to determine whether a management plan is warranted, signing the disclosure form to acknowledge that it has received supervisory review, and forwarding it to the assigned senior administrator for that employee. Forms that disclose affiliations are required to receive secondary review and signature by the assigned senior administrator or, when the assigned senior administrator is also the employee's supervisor, by the assigned senior administrator's supervisor. Senior administrators, as assigned by the senior vice president for corporation affairs and governance, are responsible for collecting disclosure forms and, if warranted, management plans with”

“To serve the community, the nation, and the world by discovering, communicating, and preserving knowledge and understanding in a spirit of free inquiry, and by educating and preparing students to discharge the offices of life with usefulness and reputation. Brown accomplishes this through a partnership of students & teachers in a unified community called a university-college.”

“Instruction / enrollment includes cost of supplies, salaries and benefits associated with teaching approximately 9,900 students (68% undergraduate; 26% graduate; 6% medical). A faculty of approximately 1,500 teach and administer programs in a variety of disciplines, including the humanities, life/medical sciences, physical sciences and social sciences. There are nearly 100 programs of study offered between undergraduate college, graduate school and medical school of the university. In 2020, the university awarded a total of 2,657 baccalaureate degrees and advanced (master, medical and doctorate) degrees. Form 990, part iii, line 4b student aid, fellowships & scholarships brown provides 100 percent of demonstrated need for all aided undergraduate students that matriculate. The university is need-blind for domestic students (us citizens and permanent residents) and "need-aware" for international and transfer (both domestic and international) students. International and transfer students who do not apply for aid as part of their admission application may not receive need-based scholarships from the university. Forty-five percent of the undergraduate student body receives need-based financial aid. The average financial-aid package for the class of 2023 was $52,719. Since the class of 2007, all domestic undergraduates admitted as freshmen at brown university were admitted under the university's needs-blind admission policy. Form 990, part iii, line 4d other program services (expenses $47,850,492) (revenue $45,931,049) the university engages in research in physical sciences, humanities, life sciences and social sciences. The university's research network features advanced academic institutes, centers and facilities that make our world renowned research possible. These facilities, which are made available to faculty and students, encourage discovery and innovation by providing state-of-the-art equipment and resources.”

“Foreign accounts the organization has an interest in or a signature or other authority over a financial account in the following foreign countries: 1) italy 2) france 3) germany”

“Actuarial Gain/Loss - Split Interest: $1,677,558 Change in Pension Obligation: $(20,705,324) Change in Swap Liability: $(23,422,428) Change in ARO Liability: $(849,104) TOTAL: $(43,299,298)”

“Brown university's financial statements include the accounts of the john nicholas brown center for the study of american civilization and brown faculty club. All of which are separate entities that are consolidated in the financial statements. Brown university and these consolidated entities are collectively referred to herein as the university. All significant inter-entity transactions and balances have been eliminated in consolidation.”