2024-05-13T08:01:21-07:00 2023-06-30 990 2022-07-01 240772407 Bucknell University BUCK 5705771138 1 Dent Drive Finance Office Lewisburg PA 17837 Elizabeth D Stewart AVP-Treas/Contr 2024-05-13 Elizabeth D Stewart 999009999 true 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z John C Bravman 758625380 false X www.bucknell.edu X 1846 PA Bucknell is a unique national university where liberal arts and professional programs complement each other. 38 37 3415 1021 1305395 59648417 36924156 261405762 273459110 -38507973 62188786 6356607 6417328 288902813 378989380 74934255 82119439 0 154678827 160547930 185721 199100 11877340 105223859 114171461 335022662 357037930 -46119849 21951450 1651590991 1678403221 281702681 290025822 1369888310 1388377399 X Bucknell is a unique national university where liberal arts and professional programs complement each other. Bucknell educates students for a lifetime of critical thinking and strong leadership characterized by continued intellectual exploration, creativity, and imagination. A Bucknell education enables students to interact daily with faculty who exemplify a passion for learning and a dedication to teaching and scholarship. Bucknell fosters a residential, co-curricular environment in which students develop intellectual maturity, personal conviction and strength of character, informed by a deep understanding of different cultures and diverse perspectives. Bucknell seeks to educate our students to serve the common good and to promote justice in ways sensitive to the moral and ethical dimensions of life.Bucknells rich history and heritage will influence its planning for the future. 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false false false false false false false X 38 37 true false false false false false false true true false false true true true true true true true false false AL AZ CT HI KY MA MD MI MN NH NJ NY OH OR SC UT VA WA X Elizabeth D Stewart 5705771138 Cooley Hall Bucknell University Lewisburg PA 17837 John Bravman President 40.00 0.00 X X 802544 0 221471 Scott Rosevear VP-Advancement 40.00 0.00 X 375364 0 102373 Karin Rilley General Counsel 40.00 0.00 X 348562 0 85821 Raquel Alexander Dean-Management 40.00 0.00 316669 0 113229 Elisabeth Mermann-Jozwiak Provost 40.00 0.00 X 352907 0 76877 Eileen Petula VP-Fin & Adm 40.00 0.10 X 318740 0 81722 Param Bedi VP and COO 40.00 0.00 X 287978 0 98355 Nathan Davis Coach-Men's Basket 40.00 0.00 319219 0 64103 Jermaine Truax Director of Athletics & Rec 40.00 0.00 271648 0 74307 Karl Voss Dean-Arts and Sciences 40.00 0.00 248574 0 96057 Lisa Keegan VP-Enrollment 40.00 0.00 X 272977 0 44585 David Cecchini Coach-Football 40.00 0.00 228806 0 85645 Amy Badal Dean of Students 40.00 0.00 251407 0 37881 William Meek Professor 40.00 0.00 235026 0 51525 Robert Midkiff VP-Strategic 40.00 0.00 X 243966 0 36948 Stacy Mastrolia Professor 40.00 0.00 225474 0 43608 Tom Geerd Geurts Professor 40.00 0.00 231485 0 35431 Kathleen Graham AVP-Advancement 40.00 0.00 X 201999 0 48583 Josh Grill AVP-Advancement 40.00 0.00 X 182190 0 51239 Heather Johns VP-Communicatio 40.00 0.00 X 211219 0 21425 Jeffrey Loss AVP-Facilities 40.00 0.00 X 185675 0 41970 Elizabeth Stewart AVP-Treas/Contr 40.00 0.10 X 192305 0 33353 Margot Vigeant Interim Provost 40.00 0.00 X 133074 0 80323 Erin Jablonski Former Interim Dean-Engineering 40.00 0.00 180444 0 30787 Cindy Guthrie Interim Dean-Management 40.00 0.00 180863 0 20759 Nicole Whitehead VP-Human Res. 40.00 0.00 X 188971 0 9890 Carol Kennedy Secretary 40.00 0.00 X 164908 0 29190 Brad Putman Dean-Engineering 40.00 0.00 179272 0 10290 Pierre Joanis Former VP-Human Res 40.00 0.00 129281 0 28484 Christopher O'Brien Chairman 3.00 0.00 X X 0 0 0 Annie Seibold Drapeau Vice Chair 3.00 0.00 X X 0 0 0 Steven Kohn Vice Chair 3.00 0.00 X X 0 0 0 Garry Thaniel Secretary 3.00 0.00 X X 0 0 0 Laureen Leptinsky Costa Asst Secretary 3.00 0.00 X X 0 0 0 Carolyn Neely Ainslie Trustee 1.00 0.00 X 0 0 0 Dawn Becker Trustee 1.00 0.00 X 0 0 0 Keren Bergman Trustee 1.00 0.00 X 0 0 0 J Frank Brown Trustee 1.00 0.00 X 0 0 0 Thomas Buchholz Trustee 1.00 0.00 X 0 0 0 Frank Davis Trustee 1.00 0.00 X 0 0 0 Lisa Cadette Detwiler Trustee 1.00 0.00 X 0 0 0 Michael Dominguez Trustee 1.00 0.00 X 0 0 0 Brenda Earl Trustee 1.00 0.00 X 0 0 0 Jane Taylor Elfers Trustee 1.00 0.00 X 0 0 0 Makoto Fujimura Trustee 1.00 0.00 X 0 0 0 Martin Gilliard Trustee 1.00 0.00 X 0 0 0 Robert Gilligan Trustee 1.00 0.00 X 0 0 0 Eugene Gorab Trustee 1.00 0.00 X 0 0 0 Sunil Gulati Trustee 1.00 0.00 X 0 0 0 Donald Isken Trustee 1.00 0.00 X 0 0 0 Alexandra Ahrens Jung Trustee 1.00 0.00 X 0 0 0 Bridget LaCroix Lecky Trustee 1.00 0.00 X 0 0 0 Jordan Leiser Trustee 1.00 0.00 X 0 0 0 Carolyn Speer Miles Trustee 1.00 0.00 X 0 0 0 Samuel Nana-Sinkam Jr Trustee 1.00 0.00 X 0 0 0 Scott Perricelli Trustee 1.00 0.00 X 0 0 0 John Reynolds Trustee 1.00 0.00 X 0 0 0 Laurie Schmidt Trustee 1.00 0.00 X 0 0 0 Franklin Schoeneman Trustee 1.00 0.00 X 0 0 0 Kirsten Schubauer Heinemann Trustee 1.00 0.00 X 0 0 0 Erika Stanat Trustee 1.00 0.00 X 0 0 0 Christopher Sullivan Trustee 1.00 0.00 X 0 0 0 Kathryn Boselli Vizas Trustee 1.00 0.00 X 0 0 0 David West Trustee 1.00 0.00 X 0 0 0 Audra Wilson Trustee 1.00 0.00 X 0 0 0 Robin Gale Zafirovski Trustee 1.00 0.00 X 0 0 0 7461547 1756231 275 true true false Parkhurst Dining Service PO Box 644091 Pittsburgh PA 15264 Food Management 12817106 T-Ross Brothers Construction Inc PO Box 70 Montandon PA 17850 Construction 12816119 Lundy Construction Co Inc 200 Arch Street Williamsport PA 17701 Construction 2646870 Gray Builders LLC 136 Columbia Hill Road Danville PA 17821 Construction 2573835 Wohlsen Construction Company PO Box 4612 Lancaster PA 17604 Construction 2233052 96 9455774 27468382 4826689 36924156 Golf Course 713910 1086069 1086069 Related Auxiliary Svcs 611710 847696 847696 Residence Halls & Dining 611710 43572529 43572529 Summer Conferences 721000 314264 314264 Tuition & Fees 611710 227638552 227638552 273459110 19010786 -290132 19300918 0 0 1 1 1 1 422814000 379636000 43178000 43178000 43178000 0 0 0 Athletics Related Revenue 611710 2861307 2861307 Other Auxiliary Revenue 611710 3322369 3322369 Sponsorship/Advertising 900099 195194 195194 38457 38457 6417327 378989380 278280910 1305395 62478919 82767 82767 72543645 72543645 9493027 9493027 0 8508449 3444427 4550796 513226 1117061 970675 146386 109705548 93233759 10534013 5937776 8852888 7473901 909319 469668 24496324 20176022 2898466 1421836 7867660 6459467 974493 433700 0 488152 17750 470402 235158 235158 6915 6915 199100 199100 7122267 7122267 24779135 21329736 3155418 293981 383115 159728 222733 654 9064486 8414608 365196 284682 6497337 5271846 579116 646375 0 1246851 836598 329187 81066 8448522 7312690 585476 550356 0 0 5852860 3967703 1885157 0 26233752 25700926 524993 7833 2193859 2127475 66384 Other Repair and Maintenance 18802387 17619883 1097695 84809 Miscellaneous 2036412 313756 959768 762888 Utilities & fuel 589077 554815 200 34062 Real Estate Taxes 191176 157881 24353 8942 0 357037930 307670000 37490590 11877340 28887419 26706658 69231985 40158304 27456329 23805880 3293063 2576081 0 0 24970552 25468041 79797 336395 4835447 3992475 869314123 443113313 393332348 426200810 236460958 212317840 873222949 928061843 -10179856 -11221106 0 0 1651590991 1678403221 105400862 119147939 6092576 4883861 165362338 160726299 517153 476065 4329752 4791658 281702681 290025822 X 591069787 594372296 778818523 794005103 1369888310 1388377399 1651590991 1678403221 X 21951450 1747971 -5210332 X false true X true true true X 43891088 31298251 39142250 59648416 36924156 210904161 0 0 43891088 31298251 39142250 59648416 36924156 210904161 44993449 165910712 12317500 3967037 3467146 11127837 18761365 49640885 394927 2570204 249421 3214552 5812763 3471942 2610261 6171606 6222132 24288704 288048302 1261561910 0.57600 0.58630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false false true 6915 false false 6915 false false Part II-B, Line 1i - Other Activities Description During the year ended June 30, 2023, Bucknell University paid membership dues to various higher education and professional organizations on behalf of the University and some of individual employees. These organizations may as part of their normal business participate in lobbying efforts on behalf of it's members has a whole. A review of membership/dues payments revealed two invoices that indicated a value as to the amount of annual dues that were used for lobbying. University funds expended on all memberships and dues represent less than one-half of 1% of the University's total expenses. These memberships provide valuable other resources to the University. Part IV - Additional Information X X X false 1070375305 17892326 57358735 17158795 33102765 7097843 1088266963 1105615507 51855585 -31451403 15600756 31623497 8420131 1070375305 844765606 27381046 283099051 15566244 32042558 2021394 1105615507 866834767 20415212 4970889 14739118 30745495 1970649 844765606 851308903 20444393 41854050 14043466 30067201 2661912 866834767 0.33850 0.37750 0.28400 true false false 5462299 5462299 622111613 261253156 360858457 190708093 131717418 58990675 51032118 50142739 889379 426200810 928061843 Funds held for others 2897087 Funds held for student organizations 1894571 4791658 X Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o As permitted by generally accepted accounting principles, the University does not capitalize works of art, historical artifacts, and collectibles, which are principally acquired by donation. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The University has obtained certain art work, rare books, and historical artifacts that are held in safekeeping at the University's library and art gallery. These items are used for educational purposes as the University is a private institution of higher education. Part V, Line 4: Intended uses of the endowment fund. The university's endowment fund provides a relatively stable investment income stream to the university's operations. As noted in Schedule D, Part V, Line 1(d), a significant portion of that investment income is restricted by endowment donors for student scholarships. The remaining endowment investment income provides annual support to various programs of the university. Part X : FIN48 Footnote The University records income tax liabilities and assets using a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The University does not believe that there are any unrecognized tax benefits or costs that should be recorded in the financial statements. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The University's racially nondiscriminatory policy is available on the university's website and is printed in University publications. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency Bucknell University receives research grants and contracts from various governmental agencies as well as funds for student aid. true Central America 0 0 Scholarships 179600 East Asia and the Pacific 0 0 Scholarships 3137828 Europe 0 0 Scholarships 2800174 Middle East/North Africa 0 0 Scholarships 228492 North America 0 0 Scholarships 264106 Russia and N. States 0 0 Scholarships 61050 South America 0 0 Scholarships 62533 South Asia 0 0 Scholarships 1120049 Sub-Saharan Africa 0 0 Scholarships 1477222 Central America 0 0 Program Services Study Abroad Prg 224824 East Asia and the Pacific 0 0 Program Services Study Abroad Prg 251903 Europe 3 3 Program Services Study Abroad Prg 1769197 Middle East/North Africa 0 0 Program Services Study Abroad Prg 54822 Sub-Saharan Africa 0 0 Program Services Study Abroad Prg 181673 Central America 0 0 Program Services Academic and Related 31390 East Asia and the Pacific 0 0 Program Services Academic and Related 82377 Europe 0 0 Program Services Academic and Related 159356 Middle East/North Africa 0 0 Program Services Academic and Related 9713 North America 0 0 Program Services Academic and Related 34427 South America 0 0 Program Services Academic and Related 17688 South Asia 0 0 Program Services Academic and Related 20714 Sub-Saharan Africa 0 0 Program Services Academic and Related 81958 Central America 0 0 Investments 167853438 East Asia and the Pacific 0 0 Investments 276157 Europe 0 0 Investments 33845341 3 3 3 3 12086596 202139436 214226032 Europe Collab. Research 13719 EFT FMV North America Collab. Research 19750 EFT FMV North America Collab. Research 83132 EFT FMV Sub-Sah. Africa Collab. Research 15371 EFT FMV Sub-Sah. Africa Collab. Research 30000 EFT FMV 5 Scholarships to Non-US Citizens Central America 2 91711 Scholarships to Non-US Citizens East Asia/Pacific 68 2608971 Scholarships to Non-US Citizens Europe 16 1001869 Scholarships to Non-US Citizens Mid East/Nrth Africa 4 203232 Scholarships to Non-US Citizens North America 5 264106 Scholarships to Non-US Citizens Russia/N. States 1 27798 Scholarships to Non-US Citizens South America 2 62533 Scholarships to Non-US Citizens South Asia 16 1120049 Scholarships to Non-US Citizens Sub-Saharan Africa 22 1254490 Scholarships-BU Students Abroad Central America 18 87890 Scholarships-BU Students Abroad East Asia/Pacific 34 528857 Scholarships-BU Students Abroad Europe 137 1798305 Scholarships-BU Students Abroad Mid East/Nrth Africa 6 25260 Scholarships-BU Students Abroad Russia/N. States 2 33252 Scholarships-BU Students Abroad Sub-Saharan Africa 16 222732 true false true true true false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US The University provides grants in the form of University scholarship for certain non-US citizens attending the University. These scholarships are posted directly to the recipient's University billing account and, thus, reduce tuition, room and/or board fees billed to the recipient. The University also provides grants in the form of University scholarship for certain Bucknell University students to study abroad. These scholarships are posted directly to the recipient's University billing account and, thus, reduces tuition, room and/or board fees billed to the recipient. The majority of these scholarships are need-based financial aid. Part I, Line 3f - Method of Accounting Accrual Method Part II, Line 1 - Method of Accounting Accrual Method Part III, Line 1 - Estimated Number of Recipients Estimated number of recipients X X X X X X true Graham-Pelton Associates 39 Beechwood Road Summit NJ 07901 Campaign Counsel false 199100 199100 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WY true Embry-Riddle Aeronautical Unv 1 Aerospace Boulevard Daytona Beach FL 32114 590936101 6873 0 Collaborative Research Geisinger Clinic 100 North Academy Avenue Danville PA 17822 236291113 23923 0 Collaborative Research University of California 2195 Hearst Av Rm 120 MC 1104 Berkeley CA 94720 946002123 38349 0 Collaborative Research Western PA Conservancy 800 Waterfront Drive Pittsburgh PA 15222 251053485 9180 0 Collaborative Research 4 0 Scholarships to Attend BU 2091 72543645 Grantmaker's Description of How Grants are Used The University provides grants in the form of University scholarship for certain individuals attending the University. These scholarships are posted directly to the recipient's University billing account and, thus, reduces tuition, room and/or board fees billed to the to the recipient. The majority of these scholarships are need-based financial aid. X X X X X X true true X X X X X false true false false false false false false false Amy Badal Dean of Students 251407 25706 12175 289288 Brad Putman Dean-Engineering 154272 25000 10290 189562 Carol Kennedy Secretary 164908 17053 12137 194098 Cindy Guthrie Interim Dean-Management 180863 17467 3292 201622 David Cecchini Coach-Football 222720 6086 23032 62613 314451 Eileen Petula VP-Fin & Adm 318740 30500 51222 400462 Elisabeth Mermann-Jozwiak Provost 352907 30500 46377 429784 Elizabeth Stewart AVP-Treas/Contr 192305 19821 13532 225658 Erin Jablonski Former Interim Dean-Engineering 180444 18610 12177 211231 Heather Johns VP-Communicatio 211219 21122 303 232644 Jeffrey Loss AVP-Facilities 185675 19496 22474 227645 Jermaine Truax Director of Athletics & Rec 271648 27973 46334 345955 John Bravman President 751451 51093 130500 90971 1024015 Josh Grill AVP-Advancement 181909 281 19545 31694 233429 Karin Rilley General Counsel 348562 30500 55321 434383 Karl Voss Dean-Arts and Sciences 248574 25869 70188 344631 Kathleen Graham AVP-Advancement 201999 21582 27001 250582 Lisa Keegan VP-Enrollment 272977 27666 16919 317562 Margot Vigeant Interim Provost 133074 13883 66440 213397 Nathan Davis Coach-Men's Basket 319219 30500 33603 383322 Nicole Whitehead VP-Human Res. 115471 73500 9667 223 198861 Param Bedi VP and COO 287978 29129 69226 386333 Pierre Joanis Former VP-Human Res 77103 52178 7860 20624 157765 Raquel Alexander Dean-Management 316597 72 30500 82729 429898 Robert Midkiff VP-Strategic 243966 24900 12048 280914 Scott Rosevear VP-Advancement 366213 9151 30500 71873 477737 Stacy Mastrolia Professor 225474 18476 25132 269082 Tom Geerd Geurts Professor 231485 17370 18061 266916 William Meek Professor 235026 19238 32287 286551 Part I, Line 1a: Relevant information in regards to selections on 1a. FIRST CLASS OR CHARTER TRAVEL - the president is permitted to travel by first class airfare in limited circumstances per university policy. First class travel costs are not considered taxable compensation. TRAVEL FOR COMPANIONS - Travel costs of companions of university trustees, officers, and key employees are reimbursed in limited circumstances and such reimbursement is considered taxable income to the trustee, officer, or key employee unless the companion's travel would otherwise be considered deductible under the Internal Revenue Code. Any such taxable reimbursements to companions of university officers are included in Schedule J, Part II, column (B)(iii). TAX INDEMNIFICATION & GROSS UP PAYMENTS - Tax gross-up payments, considered taxable compensation, were provided to 1 officer and/or key employees listed in Part II of Schedule J for years of service recognition awards/gifts. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - The university requires the president and provost to reside in specific campus housing. The estimated fair rental value of the personal living space, including utilities, is not considered taxable income since on-campus residency is an employment requirement imposed by the university. The estimated fair value is included in Schedule J. In addition, certain facilities staff are responsible for the maintenance of those buildings and grounds; while other staff are responsible for various activities and meetings hosted at those properties. Neither the allocable costs of those staff nor incidental personal benefit of hosted activities/meetings are considered taxable compensation.HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - Certain employees have golf memberships at the university owned golf course. The value of these dues are taxed and reported on Schedule J, Part II, column B(iii). In addition, the university pays membership dues at certain private establishments for the purpose of holding business or fundraising events.PERSONAL SERVICES - The university pays for certain personal financial planning and child care services for the president and includes those amounts as taxable compensation. A UCHEFFA Series 2015B 232228275 906459FU1 2015-06-29 24995531 Acquisition,construction,reno false false false B UCHEFFA Series 2015A 232228275 2015-01-30 25000000 Acquisition,construction,reno false false false C UCHEFFA Series 2020 232228275 2022-01-19 29400000 Refund 2012 bond issue false false false A 24995531 105638 24889893 2015 false false true true B 25000000 167650 24832350 2015 false false true true C 29400000 29315047 84953 true false true true A false false false false false false true B false false false false false false true C false false false false false false true A false true false false false true B false true false false false true C false true false false false true A true B true C true Part VI Part IV - Column A 2(c) - Rebate computation performed July 1, 2020Part IV - Column B 2(b) - Six month exceptionPart IV - Column C 2(b) - Eighteen month exception Wendelin Wright Spouse-Pres. 170886 Employment false Joseph Jozwiak Spouse-Officer 123694 Employment false Eric Kennedy Spouse-Officer 122289 Employment false John Keegan Spouse-Officer 146386 Employment false Steven Stumbris Spouse-Officer 121198 Employment false Janeen Putman Spouse-Key Empl 88323 Employment false Brandon Vogel Spouse-Fmr KeyEm 149254 Employment false X 1 X 101 4776420 FMV X 4 50269 FMV X 1 X Supplies 13 false true false Part I, Line 33, Revenues Not Reported As permitted under ASC 958.605.25, Works of Art, Historical Treasures, and similar items, the University does not capitalize its collections of artwork and historical collections for financial statement purposes. Furthermore, certain donated goods incidental to University operations are acknowledged by the University but not recorded in revenues nor expenses for financial statement purposes. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Research and Public Services - expenses related to research and public services conducted/provided by students, faculty and staff. Form 990, Part VI, Section A, Line 2 The following individuals have business relationships with each other based on their positions within the University's related organizations. Bucknell University Bucknell Real Estate Bison VenturesEileen E. Petula VP for Finance President/ President/ and Administration Board Member Board MemberElizabeth D Stewart Associate VP, Treasurer Vice President/ Vice President/ & Controller/ Assistant Board Member Board Member SecretaryRonald E. Stauffer,II Employee Board Member Secretary/ Board MemberLori Wilson Employee Secretary/ Board Member Form 990, Part VI, Section B, Line 11b The Form 990 is internally prepared by the controller's office with input from the University's Investment Office, University Advancement, the Office of Financial Aid, and the Office of Global and Off-campus Education. An external review of the Form 990 is performed by the outside tax preparer. The final Form 990 is provided to the University's Audit, Compliance, and Risk Management Committee for review. The University provides a complete copy of its Form 990 electronically to all members of the governing body before filing. Form 990, Part VI, Section B, Line 12c All trustees, officers and key employees are required to complete and submit an annual conflict of interest statement. All statements are reviewed by the VP for Finance and Administration Division to determine if the possible conflicts of interest noted are actual conflicts and what action should be taken including prohibiting an individual from participating in any deliberations, decisions or transactions related to the conflict, and whether disclosures regarding the conflict should be made in financial statements or other documents. Form 990, Part VI, Section B, Line 15a The president's compensation was reviewed and approved by the Executive Resource Committee of the Board of Trustees. The Committee used various sources of data, including but not limited to, financial and legal consultants, other organizations' Form 990s and compensation surveys. There is a written employment contract in place which is signed by the president and the Chairperson of the Board of Trustees.Part VI, 15bIn addition, compensation of certain officers and key employees (those employees reporting directly to the president) are reviewed by the Executive Resource Committee and approved by the president of the university. The president and Committee used various sources of data, including but not limited to, other organizations' Form 990s and compensation surveys. Contemporaneous substantiation of deliberations are recorded and kept. Form 990, Part VI, Section B, Line 15b The president's compensation was reviewed and approved by the Executive Resource Committee of the Board of Trustees. The Committee used various sources of data, including but not limited to, an independent compensation consultant, other organizations' Form 990s and compensation surveys. There is a written employment contract in place which is signed by the president and the Chairperson of the Board of Trustees.In addition, compensation of certain officers and key employees (employees reporting directly to the president) are reviewed by the Executive Resource Committee and approved by the president of the university. The president and Committee used various sources of data, including but not limited to, an independent compensation consultant, other organizations' Form 990s and compensation surveys. Contemporaneous substantiation of deliberations are recorded and kept. Form 990, Part VI, Section C, Line 19 The University has audited financial statements available on the University's Finance Office website. Form 990, Part XI, Line 9 Postretiree healthcare costs other than periodic expense = -$5210332 Bucknell Real Estate Inc 701 Moore Avenue Lewisburg PA 17837 273576298 Real Estate Property Management PA 501 (c) (2) Bucknell University true Bison Ventures Inc 701 Moore Avenue Lewisburg PA 17837 264730096 Bookstore Operations PA Bucknell Univ C -316409 -2224448 1.00000 true Charitable remaind trusts 36 1 Dent Dr Bucknell University Lewisburg PA 17837 Support Bucknell University PA N/A Trust false Charitable lead trusts 1 1 Dent Dr Bucknell University Lewisburg PA 17837 Support Bucknell University PA N/A Trust false Pooled income funds 3 1 Dent Dr Bucknell University Lewisburg PA 17837 Support Bucknell University PA N/A Trust false Funds held trust by others 1 PO Box 4655 Atlanta GA 30302 Support Bucknell University CO N/A Trust false Funds held trust by others 1 2951 Centerville Road Wilmington DE 19801 Support Bucknell University DE N/A Trust false Funds held trust by others 1 4967 Ten Oaks Road Dayton MD 21036 Support Bucknell University MD N/A Trust false Funds held trust by others 1 1100 North Market Street Wilmington DE 19890 Support Bucknell University NY N/A Trust false Funds held trust by others 1 1227 E Front Street Traverse City MI 49685 Support Bucknell University MI N/A Trust false Funds held trust by others 1 1712 Glenbrook Ave Lancaster PA 17603 Support Bucknell University PA N/A Trust false Funds held trust by others 1 753 Ameriprise Financial Center Minneapolis MN 55747 Support Bucknell University MN N/A Trust false true false false false false false false false false false true true false false false false true false false Bucknell Real Estate Inc a 163519 Estimated FMV Bucknell Real Estate Inc k 177000 Estimated FMV Bucknell Real Estate Inc q 60867 Estimated FMV Bison Ventures Inc a 168372 Estimated FMV Bison Ventures Inc l 138772 Estimated FMV Bison Ventures Inc q 260366 Estimated FMV Form 990, Schedule R, Part V, 1(a) As part of a New Markets Tax Credit project in Lewisburg, PA, Bucknell University loaned $12,022,694 in December 2010 to an entity controlled by Wells Fargo Community Investment Holdings, LLC. That entity then loaned the $12,022,694 (loan A) and an additional $4,167,306 (loan B) to Wells Fargo Community Development Enterprises 7, LLC, which in turn loaned those funds to Bucknell Real Estate, Inc. in December 2010. The funds were used for the acquisition and improvement of certain properties in Lewisburg, PA. During the 2018 tax year, the university wound down the New Markets Tax Credit project resulting in the entire loan becoming the responsibility of Bucknell Real Estate, Inc.The loans require interest payable quarterly at 1.01% with principal payments beginning April 1, 2018 through January 1, 2046. Interest due to Bucknell University from the controlled entity relating to the loan was $163,519 for the year ended June 30, 2023.