2024-05-10T16:03:14-05:00 2023-06-30 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2022-07-01 050390989 Brown University Research Foundation % BROWN UNIVERSITY BROW 4018631743 CONTROLLERS OFFICE BOX J PROVIDENCE RI 02912 CHARLENE SWEENEY AVP & CONTROLLER 4018635220 2024-05-06 true CHARLENE SWEENEY XXX-XX-XXXX PAUL J TANIS P01441612 6175305000 2024-05-02 2 2022 2023-04-26 12:10:37Z CHRISTINA PAXSON CONTROLLERS OFFICE BOX J PROVIDENCE RI 02912 2965509 false X N/A X 1982 RI SEE SCHEDULE O. 4 0 0 0 0 0 0 0 0 0 0 0 2870168 2965509 2870168 2965509 0 0 0 0 0 0 0 0 0 1624247 1679488 1624247 1679488 1245921 1286021 2278886 3564907 0 0 2278886 3564907 X THE BROWN UNIVERSITY RESEARCH FOUNDATION (BURF) WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING ACADEMIC SCHOLARSHIP AND SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST FOR THE BENEFIT OF BROWN UNIVERSITY AND TO ASSIST IN CARRYING OUT THE EDUCATION AND RESEARCH PURPOSES OF BROWN UNIVERSITY. false false 1679488 2965509 THE BROWN UNIVERSITY RESEARCH FOUNDATION (BURF) WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING ACADEMIC SCHOLARSHIP AND SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST FOR THE BENEFIT OF BROWN UNIVERSITY AND TO ASSIST IN CARRYING OUT THE EDUCATION AND RESEARCH PURPOSES OF BROWN UNIVERSITY. 1679488 true false false false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 4 0 true false false false true true true true false false false false true true true true false false false false X X BROWN UNIVERSITY 4018635220 CONTROLLERS OFFICE BOX J PROVIDENCE RI 02912 CHRISTINA PAXSON PRESIDENT 0.5 55.7 X X 0 1678630 152568 RICHARD LOCKE VICE PRESIDENT 0.5 55.7 X X 0 932984 46409 SARAH LATHAM TREASURER 0.5 56.2 X X 0 878039 25412 JILL PIPHER SECRETARY 0.5 55.0 X X 0 425674 38053 BARBARA CHERNOW FORMER TREASURER 0.0 0.0 X 0 150212 3260 0 4065539 265702 0 true true false 0 0 0 0 0 0 2965509 2965509 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2965509 2965509 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1678028 1678028 0 0 0 0 0 0 0 1460 1460 1679488 1679488 0 0 2278886 3564907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2278886 3564907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2278886 3564907 0 0 2278886 3564907 2278886 3564907 1286021 X X false true X true false X X 1 BROWN UNIVERSITY 050258809 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 0 0 X Schedule D, Part X, Line 2: BROWN UNIVERSITY RESEARCH FOUNDATION IS A SEPARATE LEGAL ENTITY AND IS CONSOLIDATED IN THE FINANCIAL STATEMENTS. BROWN UNIVERSITY AND THESE CONSOLIDATED ENTITIES ARE COLLECTIVELY REFERRED TO AS THE UNIVERSITY. THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, AND IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE ARE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. false true false false false false false false false CHRISTINA PAXSON PRESIDENT 0 1265511 0 4500 0 408619 0 24400 0 128168 0 1831198 0 200000 BARBARA CHERNOW FORMER TREASURER 0 126194 0 0 0 24018 0 3193 0 67 0 153472 0 0 RICHARD LOCKE VICE PRESIDENT 0 784216 0 4500 0 144268 0 24400 0 22009 0 979393 0 0 JILL PIPHER SECRETARY 0 390274 0 4500 0 30900 0 36600 0 1453 0 463727 0 0 SARAH LATHAM TREASURER 0 784126 0 44500 0 49413 0 18300 0 7112 0 903451 0 0 SCHEDULE J, PART I, LINE 3: THE PRESIDENT'S COMPENSATION PACKAGE IS ESTABLISHED BY THE UNIVERSITY USING SEVERAL DIFFERENT TOOLS, INCLUDING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. SCHEDULE J, PART I, LINE 4b: TERMS & CONDITIONS OF SUPPLEMENTAL RETIREMENT PLAN AND PAYMENT IN CALENDAR YEAR 2022: EFFECTIVE JULY 1, 2017, THE UNIVERSITY ENTERED INTO A DEFERRED COMPENSATION AGREEMENT. UNDER THE PLAN THE ORGANIZATION DEPOSITS $200,000 TO THE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT EACH JUNE 30TH THROUGH JUNE 30, 2022. SUCH AMOUNTS VEST OVER THE COURSE OF THE AGREEMENT SO LONG AS THE PRESIDENT REMAINS CONTINUOUSLY EMPLOYED BY THE UNIVERSITY THROUGH EACH VESTING DATE. $339,619 WAS PAID UNDER THIS PLAN IN CALENDAR YEAR 2022. EFFECTIVE JULY 1, 2021, THE UNIVERSITY ENTERED INTO AN ADDITIONAL DEFERRED COMPENSATION AGREEMENT. UNDER THE PLAN THE ORGANIZATION DEPOSITS $300,000 TO THE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT EACH JUNE 30TH THROUGH JUNE 30, 2025. SUCH AMOUNTS VEST OVER THE COURSE OF THE AGREEMENT SO LONG AS THE PRESIDENT REMAINS CONTINUOUSLY EMPLOYED BY THE UNIVERSITY THROUGH EACH VESTED DATE. FORM 990, PART I, LINE I: THE BROWN UNIVERSITY RESEARCH FOUNDATION (BURF) WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING ACADEMIC SCHOLARSHIP AND SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST FOR THE BENEFIT OF BROWN UNIVERSITY AND TO ASSIST IN CARRYING OUT THE EDUCATION AND RESEARCH PURPOSES OF BROWN UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 2: CHRISTINA PAXSON IS AN EMPLOYEE AND AN OFFICER OF BROWN UNIVERSITY. RICHARD LOCKE, JILL PIPHER AND SARAH LATHAM ARE ALL EMPLOYED BY BROWN UNIVERSITY AND REPORTED AS KEY EMPLOYEES FOR THE UNIVERSITY'S FORM 990 FILING. FORM 990, PART VI, SECTION A, LINES 6, 7A AND 7B: THE PRESIDENT OF BROWN UNIVERSITY WHO IS ALSO THE PRESIDENT OF BROWN UNIVERSITY RESEARCH FOUNDATION IS A MEMBER WHO HAS THE RIGHT TO APPOINT BOARD MEMBERS AND MAKE GOVERNANCE DECISIONS UNILATERALLY. FORM 990, PART VI, SECTION A, LINE 8B: BURF DOES NOT HAVE ANY OTHER COMMITTEE WHICH HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 AND LINE 11A: THE TAX RETURN IS PREPARED BY THE UNIVERSITY'S TAX CONSULTANTS AND REVIEWED BY THE CONTROLLER'S OFFICE. A COPY OF THE FORM 990 IS NOT MADE AVAILABLE TO THE GOVERNING BODY BEFORE FILING AS THE CONTROLLER'S OFFICE IS AUTHORIZED TO FILE THE 990 ON THE GOVERNING BODY'S BEHALF. FORM 990, PART VI, SECTION B, LINES 12, 13 & 14: IN PRACTICE, BURF ADHERES TO BROWN UNIVERSITY'S POLICIES AND PROCEDURES. BROWN UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY, A WRITTEN WHISTLEBLOWER POLICY AND A WRITTEN DOCUMENT RETENTION & DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 15: ALL COMPENSATION WAS PAID BY BROWN UNIVERSITY (EIN: 05-0258809). BURF DOES NOT PAY COMPENSATION FOR SERVING ON THE BOARD OF BURF. FORM 990, PART VI, SECTION C, LINE 19: BURF IS PART OF THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICIES, AND GOVERNING DOCUMENTS (CHARTERS AND STATUTES) ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THEIR WEBSITE. THE BURF FORM 990 IS AVAILABLE UPON REQUEST AND ADDITIONALLY ON GUIDESTAR. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2B: BROWN UNIVERSITY'S FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF THE JOHN NICHOLAS BROWN CENTER FOR THE STUDY OF AMERICAN CIVILIZATIONS, BROWN FACULTY CLUB AND BROWN UNIVERSITY RESEARCH FOUNDATION. ALL OF WHICH ARE SEPARATE ENTITIES THAT ARE CONSOLIDATED IN THE FINANCIAL STATEMENTS. BROWN UNIVERSITY AND THESE CONSOLIDATED ENTITIES ARE COLLECTIVELY REFERRED TO HEREIN AS THE UNIVERSITY. ALL SIGNIFICANT INTER-ENTITY TRANSACTIONS AND BALANCES HAVE BEEN ELIMINATED IN CONSOLIDATION. 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