St. Louis University

“Part III Line 4 The organization's collections included both donated and purchased items. Collections of art are capitalized at cost if purchased at fair market value at date of gift. Collections of art are displayed prominently across campuses adding to the cultural and aesthetic value of the educational experience of students, faculty, staff and guests of the University. Use of Endowment Fund Part V, Question 4 The University has adopted investment and spending policies for endowment assets that will preserve and enhance the real (inflation-adjusted) purchasing power of the pooled endowment while providing an increasing stream of real funding for the annual University budget in the future. Endowment assets include those assets of donor-restricted funds that the University must hold in perpetuity or for a donor-restricted period(s) as well as quasi endowment funds. Under this policy, the University will attempt to achieve the highest long-term investment return on investment assets that is compatible with the University's risk tolerance and time horizons consistent with prudent investment practices. Part X- ASC 740 Disclosures THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE PRESCRIBING HOW AN ORGANIZATION SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN ITS CONSOLIDATED FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS. THE UNIVERSITY ADOPTED THIS GUIDANCE, WHICH IS INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740 (ASC 740) INCOME TAXES. THIS GUIDANCE ADDRESSES THE DETERMINATION OF HOW TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN FIFTY PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE UNIVERSITY HAS NO UNCERTAIN TAX POSITIONS THAT RESULT IN MATERIAL UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2019 AND 2018.”

“Sch. D, part xi, line 2d increase in permanently restricted assets 2,145,731 rent expense netted with revenue 722 foreign currency translation adjustment (601,436) increase in temprarily restricted assets 7,324 foreign entity revenue - spain 27,788,601 -------------------- total 29,340,942”

“Sch. D, part xi, line 4b scholarships & grants netted with revenue 171,489,581 ------------- total 171,489,581”

“Foreign entity expenses - spain 27,187,162 rental expenses 722 ------------- total 27,187,884”

“Scholarships & grants netted with revenue 171,489,581 ------------- total 171,489,581”