Emory University

“FAMILY OR BUSINESS RELATIONSHIPS (1) TRUSTEES WALTER M. DERISO, JR. AND J. DAVID ALLEN HAVE A BUSINESS RELATIONSHIP. (2) TRUSTEES WALTER M. DERISO, JR., RUSSELL R. FRENCH, JOHN MORGAN, AND ROBERT C. GODDARD HAVE A BUSINESS RELATIONSHIP. (3) TRUSTEES MUHTAR KENT AND JAVIER GOIZUETA HAVE A BUSINESS RELATIONSHIP. (4) Trustees John Morgan and Doug Ivester have a business relationship.”

“PROVISION OF 990 TO GOVERNING BODY THE FORM 990 IS PREPARED and reviewed BY THE ORGANIZATION'S MANAGEMENT AND REVIEWED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM. PRIOR TO FINALIZATION OF THE RETURN, MANAGEMENT PROVIDED ACCESS TO A FINAL DRAFT OF THE FORM 990 TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND GAVE THEM AN OPPORTUNITY TO MAKE COMMENTS. MANAGEMENT UPDATED THE FORM 990 FOR ALL COMMENTS RECEIVED AND PROVIDED THE FINAL VERSION OF THE FORM 990 TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING.”

“Conflict of interest policy emory university's conflict of interest policy requires trustees, officers and other decision makers to disclose participation in activities or circumstances that may present a conflict of interest on an annual basis or if at any time such individual becomes aware of circumstances that may present a conflict of interest. These disclosures by trustees are reviewed by the executive compensation and trustees' conflict of interest committee of the university board of trustees ("conflict of interest committee"), as necessary. If the conflict of interest committee determines that a conflict of interest exists, the individual with the conflict of interest may make a presentation to the applicable committee, but after such presentation, the individual must leave the meeting during the discussion of, and the vote on, the transaction or arrangement that resulted in the conflict of interest. During the fiscal year none of the trustees with related business interests voted on business decisions involving such companies.”

“Determination of compensation emory university's executive compensation and trustees' conflict of interest committee of the board of trustees, which is composed of non-employee members of the emory university board of trustees, annually reviews market data, collected and reported by independent consulting firms, from comparable institutions for each position identified as a "disqualified person" for purposes of intermediate sanctions under irs regulations. The committee discusses the proposed compensation for each such individual in the context of the market data and the individual's performance and contribution to emory, and it makes a decision regarding the appropriateness of compensation and any compensation increase. The discussions are documented in the committee's minutes by a representative of the office of the general counsel.”

“Availability of documents to the public emory university makes its governing documents, conflict of interest policy, and its financial statements available to the public via its website.”

“The organization made the following changes to its bylaws: allows for one or more vice chairs sets term limits for the board chair beginning in 2017.”

“Mission statement emory university's mission is to create, preserve, teach, and apply knowledge in the service of humanity. To fulfill this mission, the university supports the full range of scholarship, from undergraduate to advanced graduate and professional instruction, and from basic research to its application in public service. While being a comprehensive research university, emory limits its academic scope to those fields in which, by virtue of its history and location, it can excel. Hence its academic programs focus on the arts and sciences, business, law, theology, and the health professions. These disciplines are unified by their devotion to liberal learning; by cooperative interdisciplinary programs; and by the common pursuit of intellectual distinction. The emory community is open to all who meet its high standards of intelligence, competence, and integrity. It welcomes a diversity of ethnic, cultural, socioeconomic, religious, national, and international backgrounds, believing that the intellectual and social energy that results from such diversity is a primary asset of the university. In keeping with the demand that teaching, learning, research, and service be measured by high standards of integrity and excellence, and believing that each person and every level of scholarly activity should be valued on its own merits, the university aims to imbue scholarship at emory with * a commitment to humane teaching and mentorship and a respectful interaction among faculty, students, and staff; * open disciplinary boundaries that encourage integrative teaching, research, and scholarship; * a commitment to use knowledge to improve human well-being; and * a global perspective on the human condition. The university, founded by the methodist episcopal church, cherishes its historical affiliation with the united methodist church. While emory's programs are today entirely nonsectarian (except for those at the candler school of theology), the university has derived from this heritage the conviction that education can be a strong moral force in both society and the lives of its individual members.”

“PROGRAM SERVICE ACCOMPLISHMENTS 4a Emory University: A major research university that is privately endowed, coeducational and not-for-profit. With its nine colleges and schools, the University attracts top quality students from across the nation and abroad, and has a current total enrollment of approximately 14,400 students. The University is a member of the Association of American Universities. In U.S. News and World Report's annual ranking of "America's Best Colleges" Emory ranked 20th among national universities in 2016 and has consistently been included in its Top 25 list since 1992. Emory also ranks in the top 25 schools for "Best Value Schools". In addition, Emory ranked 10th in Kiplinger's "100 Best College Valueswas named a "Best Value College" by the Princeton Review. The University includes one of the nation's leading research and patient-care medical complexes, the Robert W. Woodruff Health Sciences Center. The Center includes the Emory University School of Medicine, Nell Hodgson Woodruff School of Nursing, Rollins School of Public Health, and Yerkes National Primate Research Center. AMONG THE MANY OTHER CENTERS FOR SPECIALIZED RESEARCH AND STUDY AT EMORY ARE THE WINSHIP CANCER INSTITUTE; THE GLOBAL HEALTH INSTITUTE; THE CENTER FOR HEALTH DISCOVERY AND WELL BEING; THE CENTER FOR FACULTY DEVELOPMENT AND EXCELLENCE; THE CENTER FOR AIDS RESEARCH; THE MICHAEL C. CARLOS MUSEUM; THE CHERRY L. EMERSON CENTER FOR SCIENTIFIC COMPUTATION; AND THE CLAUS M. HALLE INSTITUTE FOR GLOBAL LEARNING. 4b Emory University Hospital: A teaching and research facility providing tertiary and quaternary care services, particularly cardiology, cardiac surgery, oncology, neurosciences and multiple organ and tissue transplantation. In 2016, Emory University Hospital was ranked as the number one hospital in metro atlanta and in the state of Georgia by U.S. News and World Report for the fifth year in a row. The Hospital was also recognized as one of the nation's top hospitals by the National Research Corporation's Consumer Choice Awards in 2016 and for 17 of the past 18 years. Emory University Hospital provides integrated patient care with teaching and clinical research by physicians who are University faculty as well as provides charity care in the form of indigent care to patients with no health insurance and catastrophic care to patients whose medical bills are so large that paying them would be permanently life-shattering. Emory University Hospital physicians provided $22 million in charity care during the current fiscal year. The Hospital has 643 licensed beds, of which 120 are located at Emory University Orthopaedic and Spine Hospital, and more than 1,300 licensed physicians on staff. The Emory University Orthopaedic and Spine Hospital has earned the highest patient satisfaction rankings in the country based on returned surveys from patients that have been nationally benchmarked by Press Ganey. The current Community Benefits Report is published at http://whsc.emory.edu/home/publications/health-sciences/community-benefits -2015/. 4c Emory University Hospital Midtown: Since 1908, an Atlanta teaching hospital offering a myriad of patient care, education and research initiatives. Emory University Hospital Midtown was ranked the fifth best hospital in Atlanta, Georgia in 2016 by U.S. News and World Report and ninth in the state of Georgia. The Hospital provides advanced services such as cardiology, oncology and radiology as well as more traditional services such as obstetrics with both routine and intensive care nurseries as well as provides charity care in the form of indigent care to patients with no health insurance and catastrophic care to patients whose medical bills are so large that paying them would be permanently life-shattering. Emory University Hospital Midtown physicians provided $16 million in charity care during the current fiscal year. Emory University Hospital Midtown has 505 licensed beds and more than 1,200 licensed physicians o”

“Reconciliation of net assets adjustment to annuities payable 1,648,117 change in fair value of derivative instruments (91,665,548) adjustment to post-retirement benefit plan (12,517,000) adjustment to perpetual fund income 98,817,069 laboratory minority interest 10,737,500 cumulative effect of change in accounting (26,563,401) reclassification of net assets 32,929 transfer of net assets to consolidated affiliates 71,863,982 total other changes in net assets 52,353,648”

“Foreign bank account reporting brazil chile china columbia czech republic denmark ethiopia greece hungary india indonesia israel japan malaysia mexico nigeria peru poland republic of korea romania saudi arabia slovakia spain taiwan turkey united kingdom”

“Number of employees: the emory clinic, inc. ("tec") (ein: 58-2030692) and emory children's center, inc. ("ecc") (ein: 58-2298500) have a common paymaster relationship for payroll purposes with emory university. The salaries of tec's and ecc's employees are paid by emory university, reported on emory university's forms 941, and reimbursed by tec and ecc. Therefore, these employees are reported on emory university's form 990. The staff members of emory medical care foundation, inc. ("emcf") (ein: 58-1537752) and emory inovations, inc. ("ei") (ein: 45-5372942) are employess of emory university. The salaries of emcf and ei's employees are paid by emory university, reported on emory university's forms 941, and reimbursed by emcf and ei respectively. Therefore, these employees are reported on emory university's form 990.”