Pepperdine University

“The Board of Regents of Pepperdine University has an Executive Committee, which may act for and in place of the Board of Regents between regular board meetings and during any recess. Only regents can be members of the Executive Committee. The Executive Committee has the power to transact business on behalf of the Board of Regents, subject to any limitations imposed by the Board of Regents, the bylaws, or applicable law.”

“Information is supplied by the university to the paid preparer to prepare the return. A draft version of the Form 990 is provided to senior management and the Audit Committee of the Board of Regents for review. Changes and comments are submitted to management and any necessary changes are made prior to the final review and signing of the tax return by the university's tax consultants. A full copy of the Form 990 is provided to the Board of Regents prior to filing.”

“Each regent, officer, and key employee is required to disclose annually, in writing. any financial or business relationships that he or she, or any family member, has with Pepperdine University. The regent and officer disclosures are reviewed by the Board of Regents. All other employee disclosures are reviewed by General Counsel and the Executive Vice President. All conflict situations are resolved at this review in accordance with the university's Conflict of Interest Policy. If a conflict is found for a regent, the regent is asked to recuse him or herself from the matter. Resolution of conflicts for officers and other employees are overseen by General Counsel.”

“Pepperdine university's board of regents' compensation committee, none of which have a conflict of interest with respect to the compensation arrangement, reviews the compensation package of the president on an annual basis, most recently in june 2019. The compensation committee annually considers market data and analysis assembled by the university's human resource department. The market salary data is pulled from a human resource subscription service that provides data using a peer group of institutions comparable to the university in size and complexity. The peer group is periodically reviewed to ensure the institutions remain similarly situated to the university. Additionally, the university periodically hires independent compensation consultants to conduct an impartial compensation review and prepare formal reports. The deliberations of the compensation committee are contemporaneously documented in the committee minutes that summarize the decisions made, including terms of deliberations, those who voted on it, a description of the comparability data relied upon, and howit was obtained. Form 990, part vi, line 15b - compensation for other officers and key employees the process for determining compensation packages for executive vice presidents, senior vice presidents, chief financial officer, and provost/chief academic officer is the same process as for the university president and ceo. The compensation packages for other vice presidents and key employees are established using a similar process for obtaining and review of financial comparability data; however, their packages are determined by the ceo and other officers of the university instead of the board of regents.”

“Pepperdine University's financial statements are made available via the university's website. The university does not make its Conflict of Interest Policy and governing documents available to the public upon request.”

“Continued where students are strengthened for lives of purpose, service, and leadership. The university enrolls approximately 8,000 students in its five colleges and schools. Seaver College, the university's undergraduate liberal arts college, the Caruso School of Law, and the School of Public Policy are headquartered on 830 acres in the Santa Monica Mountains overlooking the Pacific Ocean in Malibu, California. The Graduate School of Education and Psychology and the George L. Graziadio Business School are headquartered at the University's West Los Angeles, California graduate campus. Form 990, Part I, Line 6 - NUMBER OF VOLUNTEERS There are a number of students and alumni that volunteer their time for various purposes at the university. These volunteers, however, are not formally tracked by the university. The number of volunteers represents the number of volunteer members of the Board of Regents.”

“Public Service - The university offers numerous services to the general public, including art exhibits, concerts, productions, and other public benefit activities.”

“The number of employees includes student workers.”

“Actuarial adjustment $(5,303,844) Gain on valuation of beneficial interest $ 4,878,495 -------------- TOTAL $ (425,349)”