Vanderbilt University

“Brett Sweet and David Williams - Business relationship”

“The Form 990 is prepared by Vanderbilt University and provided to PricewaterhouseCoopers, Vanderbilt University's independent accounting firm for review. After review by PricewaterhouseCoopers, Vanderbilt University provides a draft copy of the Form 990 and all required schedules for review to all General Officers, which includes the chancellor and Chief Financial Officer. Once this review process is complete, all trustees are provided electronic access to the draft Form 990 and all required schedules for review. The final Form 990 and all required schedules are made available to the full Board of Trust for review via Boardbooks prior to the filing of the return.”

“Vanderbilt University requires that for any faculty or staff member disclosing a potential conflict of interest, the conflict be reviewed by the individual's manager, as well as by the conflict of interest and commitment management office, and the reported conflict be managed, reduced, or eliminated. The manager is required to respond that any recommended management plan has been implemented or that the reported conflict no longer exists. For those conflicts in which Vanderbilt may have an institutional interest, those in which human subject research is performed, or those deemed unmanageable, the university conflicts committee reviews and determines appropriate actions. The university conflicts committee members are appointed by the chancellor and are made up of a faculty member representing each of the university schools, the vice chancellor for administration, the assistant vice chancellor of technology transfer, the director of the human research and protection program, the associate vice chancellor of audit, risk and advisory services and the head of research for the university. The university conflicts committee is chaired by the vice chancellor, general counsel and secretary of the university. The university conflicts committee reports bi-annually to the audit committee of the Board of Trust the matters brought before the committee and the resulting actions. Board of Trust members and senior executive management of the university also must complete annual conflict of interest disclosures and management plans are developed to manage, reduce, or eliminate any potential conflicts of interest. Trustees are notified of their plans and the plans are thoroughly discussed with them to ensure compliance. Those with disclosed potential conflict of interest are presented to the audit committee of the board of trust, along with their respective management action plans, where applicable. Management plans may include restrictions on members such as recusing themselves during deliberations and decisions in which a potential conflict may exist, with the minutes of the meeting reflecting their recusal. Additionally, all members of the Vanderbilt community are required to disclose potential conflicts as they arise throughout the year. The same processes noted above occur for these disclosures.”

“To ensure that Vanderbilt is paying reasonable total compensation, is not violating the private inurement prohibition, which requires that none of the organization's income or assets unreasonably benefit any of its trustees, officers, or key employees, and is in compliance with intermediate sanctions provisions with respect to the general officers, Vanderbilt's Board of Trust has designated a Compensation Committee made up of outside, independent, board members to review and recommend to the Executive Committee of the Board of Trust the total compensation annually for the general officers. The committee utilizes appropriate, nationally-recognized consulting firms to conduct market compensation analyses, provide expert information, and issue reasonableness opinions regarding comparative compensation norms and to ensure compliance with all Internal Revenue Service rules concerning executive compensation, including the Internal Revenue Code provision related to intermediate sanctions deferred compensation, and private inurement. The Compensation Committee reviews the executive compensation philosophy and affirms that it is in line with the Board's expectations. The compensation for the general officers is disclosed in the annual Form 990, which is available to the public in accordance with regulations section 301.6104(d)-1 through 3. Each year, the total compensation review and recommendations are recorded in the minutes of the Compensation Committee meetings. The approval of the recommendations is recorded in the Executive Committee meetings. The full Board is informed annually of the total compensation of the general officers during private session.”

“Vanderbilt uses the same procedures as described in response to Part VI, Line 15a.”

“Vanderbilt University makes its governing documents available to the public through its Board of Trust website located at: http://www.vanderbilt.edu/boardoftrust. Vanderbilt University makes its conflict of interest policy available to the public through its Compliance Program website located at http://www.vanderbilt.edu/compliance. Vanderbilt University makes its financial statements available to the public through its website located at: http://finance.vanderbilt.edu/report/.”

“- Nicholas S. Zeppos - Chancellor - Audrey Jane Anderson - Vice Chancellor, General Counsel, and University Secretary - Steve Ertel, Vice Chancellor for Communications - Beth Fortune - Vice Chancellor for Public Affairs; Terminated status as an officer effective February 28th, 2017 - Nathan Green - Interim Vice Chancellor for Public Affairs (effective March 1, 2017) - Anders W. Hall - Vice Chancellor for Investments and Chief Investment Officer - George C. Hill - Chief Diversity Officer and Vice Chancellor for Diversity, Equity and Inclusion - Eric C. Kopstain - Vice Chancellor for Administration - John M. Lutz - Vice Chancellor for Information Technology - Susie S. Stalcup - Vice Chancellor for Development and Alumni Relations - Brett C. Sweet - Vice Chancellor for Finance and Chief Financial Officer - Susan Wente - Provost and Vice Chancellor for Academic Affairs, Professor of Cell and Development Biology - David Williams, II - Vice Chancellor for Athletics and University Affairs and Athletics Director - Jeffrey Balser - Vice Chancellor for Health Affairs; Dean, School of Medicine - Lauren Benton - Dean of College of Arts and Science - Lawrence J. Marnett - Dean of Basic Sciences - Timothy C. Corbin - Head Baseball Coach - Bryce Drew - Head Men's Basketball Coach - Derek Mason - Head Football Coach - Hunter McCrossin - Managing Director, Office of Investments - Travis W. Shore - Managing Director, Office of Investments - Richard C. McCarty - Former Officer (Provost and Vice Chancellor for Academic Affairs); Terminated status as an officer effective July 1, 2014; Current Professor of Psychology - Mitchell Edgeworth - Former Key Employee (CEO, Vanderbilt University Adult Hospital and Clinics); Terminated status as a key employee effective April 29, 2016 - Charles L. Gregory - Former Key Employee (Assistant Vice Chancellor and CEO, Monroe Carell, Jr. Children's Hospital at Vanderbilt; Chief Business Development Officer); Terminated status as a key employee effective April 29, 2016 - John F. Manning, Jr., - Former Key Employee (Associate Vice Chancellor for Health Affairs and Chief Administrative Officer, Vanderbilt University Medical Center; Senior Associate Dean for Operations and Administration, School of Medicine); Terminated status as a key employee effective April 29, 2016 - Charles W. Pinson - Former Key Employee (Deputy Vice Chancellor for Health Affairs; Senior Associate Dean for Clinical Affairs); Terminated status as a key employee effective April 29, 2016 - David Posch - Former Key Employee (CEO, Vanderbilt University Hospital); Terminated status as a key employee effective June 30, 2015”

“All other program service revenue - Total Revenue: 11143449, Related or Exempt Function Revenue: 11143449, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Vanderbilt University is a center for scholarly research, informed and creative teaching, and service to the community and society at large. Vanderbilt will uphold the highest standards and be a leader in the quest for new knowledge through scholarship, dissemination of knowledge through teaching and outreach, and creative experimentation of ideas and concepts. In pursuit of these goals, Vanderbilt values most highly the intellectual freedom that supports open inquiry and equality, compassion and excellence in all endeavors.”

“See Disclosure Above.”

“Vanderbilt University ("Vanderbilt") offers undergraduate programs in the liberal arts and science, engineering, music, education and human development, as well as a full range of graduate and professional degrees. Vanderbilt's ten schools and colleges include: College of Arts and Science, Blair School of Music, Divinity School, School of Engineering, Graduate School, Law School, School of Medicine, School of Nursing, Owen Graduate School of Management, and Peabody College (of education and human development). Vanderbilt has approximately 6,900 undergraduate students, 5,700 graduate and professional students, and more than 4,700 faculty members including Vanderbilt University Medical Center faculty (Vanderbilt University Medical Center faculty are appointed by Vanderbilt but are employed by Vanderbilt University Medical Center). Vanderbilt ranked 14th among the nation's best universities in an annual survey conducted by U.S. News & World Report. Vanderbilt's Peabody College of education and human development was named the No. 7 graduate school of education in the nation by U.S. News & World Report. Peabody programs also received top ten rankings in administration and supervision, special education, education policy, elementary education, curriculum and instruction, higher education administration, educational psychology and secondary education. The administration and supervision program and special education program ranked No. 1. Vanderbilt's School of Nursing ranked 15th among the nation's top graduate nursing schools. The Doctor of Nursing Practice program was ranked 11th. Nursing programs ranking in the top 10 in their respective fields include: informatics, adult/gerontology acute and primary care, psychiatric and mental health care, pediatric primary care, and family care. Vanderbilt's School of Medicine ranked 14th for research schools of medicine in the nation, the Law School ranked 17th, the Vanderbilt School of Engineering ranked 36th , and the Owen Graduate School of Management ranked 25nd for graduate business schools. For more information regarding education at Vanderbilt, visit http://www.vanderbilt.edu.”

“Vanderbilt University ("Vanderbilt") is an internationally recognized research university. A majority of Vanderbilt's research funding is received from the federal government. Funding is also received from foundations, associations, corporations, and other sources. Vanderbilt's researchers are at the forefront of posing innovative solutions to some of the most challenging questions facing the world today. For more information regarding research at Vanderbilt, visit http://research.vanderbilt.edu”

“Change in minority interest - -21451158;”