George Mason University Foundation Inc.

“Form 990, Line J Website: http://fasterfarther.gmu.edu/george-mason-university-foundation-inc Organization's Mission Form 990, Part I, Line 1 And Form 990, Part III, Line 1 THE GEORGE MASON UNIVERSITY FOUNDATION, INC. WAS ESTABLISHED IN 1966 TO ASSIST THE UNIVERSITY IN GENERATING PRIVATE SUPPORT AND TO MANAGE, INVEST, AND ADMINISTER PRIVATE GIFTS, INCLUDING ENDOWMENT AND REAL PROPERTY. Form 990 Review Process Form 990, Part VI, Line 11b Each year, a copy of George Mason University Foundation, Inc.'s IRS Form 990 is provided to all officers, trustees, and senior management officials. During the winter Audit Committee meeting, the 990 is reviewed with the Foundation's tax preparer. After the Audit Committee has approved the 990, it is forwarded to the Executive Committee for their review and approval. After the Executive Committee has approved the 990, it is presented to the full board, and after acceptance, is filed with the IRS.”

“Form 990, Part VI, Line 12c All officers, trustees, and key employees of the George Mason University Foundation, Inc., are required to annually disclose potential conflicts of interests. Individuals complete the conflict of interest disclosure forms for review. The foundation informs the board chair and committee chairs of any potential conflicts. Any individual with a conflict is prohibited from participating in the board's deliberations and decisions regarding the relevant transaction. At each committee and full board meeting, an agenda item is the identification of any conflicts with items on the agenda. Any conflicts noted by trustees are documented in the minutes for each meeting.”

“Form 990, Part VI, Line 15a & 15b The compensation of the President of the Foundation was reviewed and approved by a committee per the policies of the department of human resources of George Mason University. Individuals on the committee include the university president, senior vice president of administration and finance, chief of staff, and vice president of human resources and payroll. Salary information including the previous incumbent's compensation, compensation of the same position at the other virginia doctoral institutions, as well as salary survey data of George Mason University's peer institutions and comparable DC area universities was reviewed to determine reasonableness of salary. Other key employees' compensation is reviewed and approved by the University's Equity Office and Human Resources compensation team to determine equity throughout the University, other state agencies, and the marketplace. States With Which a Copy of This Form 990 is Required to be Filed Form 990, Part VI, Line 17 AK, AZ, AR, CA, CO, CT, DC, HI, KY, ME, MD, MA, MI, MN, NH, NJ, NY, OH, OK, OR, SC, UT, VA, WA, WV, WI”

“Form 990, Part VI, Line 19 At http://fasterfarther.gmu.edu/george-mason-university-foundation-inc/, George Mason University Foundation, Inc.'s Articles of Incorporation, Bylaws, Code of Ethics statement, conflict of interest policies, audited financial statements, IRS Forms 990 and 990-T and IRS Determination letter are published. Individuals can request copies of any of the above documents as well as George Mason University Foundation, Inc.'s Form 1023.”

“Form 990, Part XI, Line 9 Split Interest Agreements, Change in Value (957,987) Unrealized loss on derivatives (1,724,109) Loss on Transfer of art (280,100) Income Tax Benefit 2,754,333 ----------- Total to Form 990, Part XI, Line 9 (207,863)”