Juilliard School

“FORM 990, PAGE 1, BOX F JOSEPH POLISI, THE SCHOOLS LONG-STANDING PRESIDENT AND MEMBER OF THE BOARD OF TRUSTEES, BECAME THE PRESIDENT EMERITUS AND STEPPED DOWN FROM THE BOARD ON JULY 1, 2018. ALSO ON JULY 1, 2018, DAMIAN WOETZEL BECAME PRESIDENT OF THE SCHOOL AND A MEMBER OF THE BOARD OF TRUSTEES. BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 BRUCE KOVNER, CHAIR & KEITH GOLLUST, TRUSTEE - BUSINESS RELATIONSHIP BRUCE KOVNER, CHAIR & Greg Margolies, TRUSTEE - BUSINESS RELATIONSHIP J. CHRISTOPHER KOJIMA, VICE CHAIR & KENT CLARK, TRUSTEE - BUSINESS RELATIONSHIP”

“Form 990, part vi, section b, line 11b the form 990 is prepared by an independent accounting firm in conjunction with juilliard's finance department. The school provides a final draft of its form 990 to the audit committee and subsequently to the board of trustees prior to filing. It solicits questions and comments from the governing board, and any matters raised in this review process are addressed prior to filing the form 990.”

“FORM 990, PART VI, SECTION B, LINE 12C IN DECEMBER OF EACH YEAR, ALL TRUSTEES, officers, and members of senior management COMPLETE CONFLICT OF INTEREST DECLARATIONS. THE DECLARATIONS ARE SUBMITTED TO THE assistant SECRETARY (THE SCHOOLS deputy general counsel) WHO REVIEWS THE DECLARATIONS AND MAINTAINS THEM. ADDITIONALLY, IF TRUSTEES ARE ELECTED DURING THE YEAR, EACH COMPLETES A CONFLICT OF INTEREST DECLARATION UPON ELECTION. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE REVIEWED BY THE AUDIT COMMITTEE, AND IF THE COMMITTEE DETERMINES THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE MATTER IS REFERRED TO THE BOARD FOR RESOLUTION AS APPLICABLE BASED ON THE CIRCUMSTANCES OF THE MATTER AT HAND. THE TRUSTEE AFFECTED BY THE POTENTIAL CONFLICT MAY NOT BE PRESENT NOR PARTICIPATE IN THE DISCUSSION OF THE MATTER AND MAY NOT VOTE ON THE ISSUE. THE SCHOOL MAY ENTER INTO THE PROPOSED TRANSACTION OR RELATIONSHIP ONLY IF THE BOARD APPROVES IT IN ACCORDANCE WITH THE PROCEDURES DESCRIBED ABOVE.”

“FORM 990, PART VI, SECTION B, LINES 15A & 15B AN EMPLOYMENT CONTRACT IS EXECUTED BETWEEN THE SCHOOL AND ITS PRESIDENT, THE TERMS OF WHICH ARE SUBJECT TO REVIEW BY THE BOARD OF TRUSTEES. AT THE END OF THE CONTRACTS TERM, WHEN DECIDING THE TERMS UNDER WHICH THE CONTRACT MAY BE RENEWED OR EXTENDED, THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WITH THE ASSISTANCE OF AN OUTSIDE COMPENSATION EXPERT, CONDUCTS RESEARCH AMONG PEER INSTITUTIONS AND DOCUMENTS THE FINDINGS AND DECISIONS REACHED. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE PRIOR TO THE START OF EACH FISCAL YEAR, AND QUESTIONS, OBJECTIONS, AND THE RESOLUTION OF EACH IS DOCUMENTED. COMPENSATION OF THE FOLLOWING OFFICERS and key employees WAS LAST REVIEWED for fiscal year 2017-18: PRESIDENT, PROVOST/DEAN, VP FOR DEVELOPMENT/PUBLIC AFFAIRS, VP/GENERAL COUNSEL, VP AND CFO, VP FOR FACILITIES MANAGEMENT, VP FOR ENROLLMENT MANAGEMENT/STUDENT DEVELOPMENT, AND SR. MANAGING DIR. FOR EDUCATIONAL AND ARTISTIC AFFAIRS/JGV.”

“Form 990, part vi, section c, line 19 all policies of the school applicable to employees are disclosed in the staff and faculty handbooks and accompanying statements, all of which are posted on the school's website for staff and faculty members and anyone else to review. The school makes its annual audited financial statements available upon request to any interested parties. The conflict of interest policy applicable to trustees is discussed in part vi, section b, but it is not published on the website.”

“Form 990, part xi, line 9 change in value of split-interest agreements $ 493,676 change in fair value of derivative instruments $ 11,429,378 ------------- total $ 11,923,054 =============”