The Rockefeller University

“William e. Ford (ru trustee) has a business relationship with pablo legorreta (ru trustee). Michael fascitelli (ru trustee) has a business relationship with jamie dinan (ru trustee).”

“The organization made available to the governing board of trustees the completed form 990 prior to its submission. Any comments or questions pertaining to the form 990 were sent to the vice president, finance or a member of the audit committee of the board of trustees. The audit committee of the board of trustees reviewed and approved the form 990 prior to its submission.”

“All members of the university community are covered by applicable university conflict of interest policies. Trustees of the university's board of trustees, non-trustee committee members, officers, and key employees are covered by the business conflict of interest and family/business relationships policy. All members of the university community are covered by the conflict of interest policy governing business practices. (a) for trustees of the university's board of trustees, non-trustee committee members, officers, and key employees, the conflict of interest disclosure form is sent to the corporate secretary, who provides a copy of completed forms to the chair of the audit committee of the board of trustees. The university determines whether any existing or proposed transaction or its circumstances creates an apparent, potential, or actual conflict of interest, warranting review and appropriate action. The individual making the disclosure may be asked to provide supplemental information, but will not participate in, be present at, or inappropriately influence the final deliberations or vote on the matter. (b) for heads of laboratory, the conflict of interest disclosure form is submitted to the vice president for academic affairs for a decision regarding a disclosure. The individual making the disclosure must stop participating in any university matter or activity that is or may be affected by such conflict until a decision has been made, unless otherwise directed by the university. (c) for all other members of the university community, the conflict of interest disclosure form is submitted to the vice president for human resources for a decision regarding a disclosure. The individual making the disclosure must stop participating in any university matter or activity that is or may be affected by such conflict until a decision has been made, unless otherwise directed by the university.”

“Compensation for the president and officers is established and approved by the compensation committee of the board of trustees. Such compensation is established through review of comparable data and contemporaneous documentation of the deliberation and decision. The process includes participating in surveys conducted by independent compensation consultants and reviewing form 990s from peer institutions. Specific reviews are conducted annually.”

“The university's governing documents would be made available upon request. The conflict of interest policy and financial statements are available to the public through the university's website.”

“Unrealized loss on derivatives -1,833,616. Postretirement related changes -3,818,000.”