2026-05-12T12:30:52-05:00 2025-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-07-01 364483980 ASIAN UNIVERSITY FOR WOMEN (AUW) SUPPORT FOUNDATION ASIA 6179140500 PO BOX 380768 125 MT AUBURN STREE CAMBRIDGE MA 02238 KAMAL AHMAD PRESIDENT & CEO 6179140500 2026-05-12 1 0 SARAH R PIOT P01358891 4122613644 2024 2025-03-06 01:10:19Z KAMAL AHMAD PO BOX 380768 125 MT AUBURN STREET CAMBRIDGE MA 02238 96899024 0 X WWW.ASIAN-UNIVERSITY.ORG X 2001 NY AUWSF SUPPORTS THE EDUCATION, EMPOWERMENT, AND LEADERSHIP DEVELOPMENT OF WOMEN FROM ACROSS ASIA AND THE MIDDLE EAST IN A MULTICULTURAL AND MULTIFAITH RESIDENTIAL SETTING LOCATED IN CHITTAGONG, BANGLADESH. IT OFFERS UP TO TWO YEARS OF PRE-UNIVERSITY TRAINING FOLLOWED BY AN UNDERGRADUATE LIBERAL ARTS AND SCIENCES PROGRAM. IT SERVES STUDENTS FROM 18 COUNTRIES. 9 8 7 9 0 0 6822889 21810319 0 0 1360527 1384055 6469 13619 8189885 23207993 7292098 6750105 0 0 924908 725461 0 0 569985 798967 634143 9015973 8109709 -826088 15098284 31123050 45778335 1173735 651104 29949315 45127231 X ASIAN UNIVERSITY FOR WOMEN (AUW) SEEKS TO OFFER HIGH QUALITY EDUCATION TO YOUNG WOMEN OF EXTRAORDINARY TALENTS DRAWN FROM DIVERSE NATIONAL, ETHNIC, RELIGIOUS, AND SOCIO-ECONOMIC BACKGROUNDS. SEE SCHEDULE O FOR CONTINUATION.IT IS OPEN TO YOUNG WOMEN OF TALENT AND COMMITMENT FROM ALL SECTIONS OF SOCIETY WHO WOULD CHOOSE TO WORK FOR A JUST AND PEACEFUL WORLD. AUW SETS AS A GOAL TO RECRUIT AT LEAST HALF ITS STUDENT BODY FROM UNDERSERVED GROUPS ACROSS ASIA AND THE MIDDLE EAST, ESPECIALLY THOSE DISPLACED BY WAR OR POLITICAL UPHEAVAL. AUW SEEKS TO GRADUATE WOMEN WHO WILL BE SKILLED AND INNOVATIVE PROFESSIONALS, SERVICE-ORIENTED LEADERS IN THE BUSINESSES AND COMMUNITIES IN WHICH THEY WILL WORK AND LIVE, AND PROMOTERS OF INTERCULTURAL UNDERSTANDING AND SUSTAINABLE HUMAN AND ECONOMIC DEVELOPMENT IN ASIA AND THROUGHOUT THE WORLD. 0 0 7195097 6750105 ASIAN UNIVERSITY FOR WOMEN SUPPORT FOUNDATION EXISTS SOLELY TO SUPPORT THE WORK OF THE ASIAN UNIVERSITY FOR WOMEN (AUW) WHICH IS IN CHITTAGONG, BANGLADESH. AUW WAS FOUNDED IN 2008 WITH THE GOAL OF CREATING A PATHWAY FOR WOMEN FROM DIVERSE COMMUNITIES TO EMERGE AS EFFECTIVE LEADERS THROUGH AN UNDERGRADUATE EDUCATION IN THE LIBERAL ARTS AND SCIENCES. TODAY AUW ALSO OFFERS GRADUATE EDUCATION IN A SELECT SET OF FIELDS. AUW WELCOMES TALENTED AND MOTIVATED YOUNG WOMEN FROM ANYWHERE IN THE WORLD TO ENROLL AT THE UNIVERSITY. IT PARTICULARLY STRIVES TO ATTRACT AND SUPPORT WOMEN OF UNCOMMON MERIT DRAWN FROM CHALLENGING SOCIETAL OR ECONOMIC BACKGROUNDS TO GET AN EXCELLENT EDUCATION AND PREPARE TO SERVE AS ETHICAL LEADERS. SEE SCHEDULE O FOR CONTINUATION.OVER 85% OF AUW STUDENTS ATTEND THE UNIVERSITY ON FULL SCHOLARSHIP WITH PHILANTHROPIC SUPPORT PROVIDED TO THE INSTITUTION COVERING ALL COSTS OF ROOM, BOARD, TUITION, INTERNATIONAL TRAVEL (WHERE NEEDED), PRIMARY HEALTH CARE, BOOKS AND SUPPLIES AND OTHER ASSOCIATED COSTS. IT RELIES ON GLOBAL PHILANTHROPIC SUPPORT TO FUND ITS OPERATIONS AND FURTHER DEVELOPMENT.THIS YEAR SAW ENROLLMENT RISE TO 1,960 STUDENTS. AT A TIME WHEN EDUCATION IS BEING DENIED TO GIRLS AND WOMEN IN AFGHANISTAN, AUW CHOSE TO OFFER MORE EXTENSIVE OPPORTUNITIES TO AFGHAN WOMEN SEEKING AN EDUCATION. WITH NEARLY 600 AFGHAN WOMEN ENROLLED AT AUW, IT HAS BECOME THE SINGLE LARGEST HOST OF AFGHAN WOMEN AT ANY UNIVERSITY IN THE WORLD. SIMILARLY, AUW HAS BEEN COMMITTED TO OFFER EDUCATIONAL OPPORTUNITIES TO ROHINGYA GIRLS AND WOMEN.IN 2025, AUW INTRODUCED A NEW UNDERGRADUATE MAJOR IN APPLIED MATH AND DATA SCIENCES, AN ADDITIONAL UNDERGRADUATE PROGRAM IN CHEMICAL AND ENVIRONMENTAL ENGINEERING IS EXPECTED TO BE LAUNCHED IN 2026-2027.MEANWHILE, THE MASTER OF ARTS IN EDUCATION PROGRAM, WHICH WAS INAUGURATED AS THE FIRST GRADUATE PROGRAM IN JANUARY 2022, SAW ITS FOURTH CLASS ENTER IN 2025. THE TWO-YEAR PROGRAM IS DELIVERED IN COLLABORATION WITH FACULTY FROM JOHN'S HOPKINS UNIVERSITY AND OTHER COLLABORATING INSTITUTIONS.THE MASTER OF SCIENCE IN APPAREL AND FASHION BUSINESS MANAGEMENT, LAUNCHED AS THE SECOND GRADUATE PROGRAM IN JANUARY 2023, WELCOMED ITS THIRD COHORT IN 2026. THE ONE-YEAR PROGRAM IS TAUGHT IN PARTNERSHIP WITH FACULTY FROM VARIOUS INTERNATIONAL UNIVERSITIES AND INSTITUTIONS IN THE FIELD. THE PROGRAM HAS BEEN SPONSORED BY HSBC BANGLADESH.GRADUATES OF THE MASTER'S IN EDUCATION PROGRAM ARE LEADING AN INITIATIVE TO ENHANCE THE QUALITY OF EDUCATION IN THE ROHINGYA REFUGEE CAMPS IN COX'S BAZAR. IN PARTNERSHIP WITH UNICEF, AUW HAS DEPLOYED 16 MASTER'S GRADUATES TO TRAIN OVER 1,100 UPPER PRIMARY TEACHERS AND TRAINERS IN THE CAMPS. THESE EDUCATORS WILL GO ON TO TEACH THOUSANDS OF ROHINGYA CHILDREN, EQUIPPING THEM WITH THE SKILLS AND CONFIDENCE TO PURSUE THEIR ASPIRATIONS.THE AUW LABORATORY SCHOOL, INAUGURATED AS A PILOT IN 2024, IS GROWING AND IS EXPECTED TO OFFER K-12 CLASSES IN THE NEXT TWO YEARS. ALONGSIDE LANGUAGE DEVELOPMENT, COMMUNICATION AND STEAM (SCIENCE, TECHNOLOGY, ARTS, AND MATHEMATICS) SUBJECTS, THE SCHOOL PROVIDES A STRONG CO-CURRICULAR PROGRAM INCLUDING LEADERSHIP, RESEARCH AND WRITING, PUBLIC SPEAKING, ENTREPRENEURSHIP, AND STUDENT WELLNESS. AUW ALSO SAW SIGNIFICANT PHYSICAL EXPANSION. A THIRD CAMPUS AREA WAS INAUGURATED AT THE KOREAN EXPORT PROCESSING ZONE (KEPZ), WHICH INCLUDES DORMITORIES, A DINING HALL, AND A LIBRARY. CURRENTLY, 250 STUDENTS RESIDE AT KEPZ. CONSTRUCTION HAS BEGUN ON AUW'S FIRST MAJOR BUILDING ON ITS PERMANENT CAMPUS: THE CAMPUS CENTER, WITH EXPECTED COMPLETION IN 2027. THIS NEW BUILDING, WHOSE STRUCTURE IS ALMOST DONE, WILL OFFER STATE-OF-THE-ART SCIENCE AND ENGINEERING LABS AS WELL AS TEACHING AND LEARNING SPACES FOR UP TO 1800 STUDENTS. THE FACILITIES WILL BE EXPANDED OVER TIME IN THREE EARMARKED PHASES. IN THE MEANTIME, AUW HAS RETAINED THE ARCHITECT RENZO PIANO TO REVISE THE EXISTING MASTER PLAN FOR THE AUW CAMPUS IN ORDER TO ULTIMATELY ACCOMMODATE AND SERVE 6,000 RESIDENTIAL STUDENTS.THE AUW MENTAL WELLNESS CENTER NOW REACHES MORE THAN 1,000 STUDENTS EACH SEMESTER FOR INDIVIDUAL COUNSELING SESSIONS, HELPING STUDENTS MANAGE TRAUMA, ANXIETY, DEPRESSION, AND ACADEMIC STRESS. IN PARALLEL, THE TEAM TRAINED 260 PEER WELLNESS AMBASSADORS, ENSURING THAT EVERY 10 STUDENTS HAVE A TRUSTED PEER TO TURN TO. AT THE HEART OF THIS WORK IS THE GOODLIFE CENTER, INAUGURATED IN 2024 AND MODELED AFTER MENTAL HEALTH PROGRAMMING AT YALE UNIVERSITY. THE CENTER IS A WELCOMING HUB WHERE STUDENTS CAN PAUSE, REFLECT, AND RECHARGE; IT SERVES AS A SYMBOL OF SAFETY AND RENEWAL ON CAMPUS. 7195097 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 NY MA X X CECILIA FREROTTE 6172618186 255 STATE ST BOSTON MA 02109 JACK R MEYER CHAIRMAN 1.00 0.00 X X 0 0 0 KAMAL AHMAD PRESIDENT AND CEO 40.00 0.00 X X 316490 0 62519 PAUL CIAMPA TREASURER 1.00 0.00 X X 0 0 0 NATALIE ACKERMAN BOARD MEMBER 1.00 0.00 X 0 0 0 LYNN ANN DAVIS BOARD MEMBER 1.00 0.00 X 0 0 0 THOM LOCKERBY BOARD MEMBER 1.00 0.00 X 0 0 0 KATHY M MATSUI BOARD MEMBER 1.00 0.00 X 0 0 0 MIWA SEKI BOARD MEMBER 1.00 0.00 X 0 0 0 TINA TCHEN BOARD MEMBER 1.00 0.00 X 0 0 0 316490 0 62519 1 0 1 0 0 4778574 17031745 45043 21810319 506604 506604 74568482 73691031 877451 877451 877451 13619 13619 13619 23207993 0 0 1397674 6750105 6750105 327500 196500 16375 114625 212832 33167 72358 107307 49178 9012 15839 24327 96677 17716 31138 47823 39274 7197 12649 19428 27274 27274 358745 180057 68423 110265 1805 1805 82003 1343 45333 35327 37349 18674 18675 113004 22601 90403 2010 2010 DUES & SUBSCRIPTIONS 3577 3577 8376 8376 8109709 7195097 344627 569985 1377519 224069 22315799 12442537 1702278 7210000 44236 14207 18459 18459 0 0 5683218 5503902 20217338 0 166282 31123050 45778335 1173735 479692 0 171412 1173735 651104 X 10240133 20087012 19709182 25040219 29949315 45127231 31123050 45778335 15098284 79632 0 X X 0 1 X 1 1 1 X 12423768 10379704 7705417 6822889 21810319 59142097 12423768 10379704 7705417 6822889 21810319 59142097 17715663 41426434 100463 162106 748138 1390524 506604 2907835 13619 13619 62063551 0.66750 0.52560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15975513 615943 1884365 14707091 4207905 11379498 388110 15975513 4085820 122085 4207905 4260277 -174457 4085820 3842195 41880 376202 4260277 0.68700 0.06700 0.24600 0 0 18459 18459 0 0 GOVERNMENT BONDS 20217338 F 20217338 OPERATING LEASE LIABILITIES 171412 171412 X 25739185 79632 2451560 2531192 23207993 0 23207993 10561269 2451560 2451560 8109709 0 8109709 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. CONSISTENT WITH MASSACHUSETTS NOT-FOR-PROFIT CORPORATION LAW AND THE MASSACHUSETTS UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (MA UPMIFA), THE ORGANIZATION CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS, PERPETUAL IN NATURE (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT; (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT; AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF ANY APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS PERPETUAL IN NATURE IS CLASSIFIED AS SUBJECT TO SPENDING POLICY AND APPROPRIATION UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION. IN ACCORDANCE WITH MA UPMIFA, THE ORGANIZATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: - THE DURATION AND PRESERVATION OF THE FUND - THE PURPOSES OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND - GENERAL ECONOMIC CONDITIONS - THE POSSIBLE EFFECT OF INFLATION AND DEFLATION - THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS - OTHER RESOURCES OF THE ORGANIZATION - THE INVESTMENT POLICIES OF THE ORGANIZATION PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION 'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, IDENTIFY AND REPORT UNRELATED BUSINESS INCOME AND DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS. AS OF JUNE 30, 2025 AND 2024, THE ORGANIZATION BELIEVES IT HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON EXAMINATION. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2022. 1 SOUTH ASIA 1 438 PROVIDE SCHOLARSHIP GRANT TO STUDENTS ATTENDING THE ASIAN UNIVERSITY FOR WOMEN SUPPORT LONGER - TERM INSTITUTION BUILDING THROUGH CAMPUS DEVELOPMENT, FACULTY AND SPECIFIC TYPES OF SERVICES IN THE REGION; SUPPORT LONGER-TERM INSTITUTION BUILDING THROUGH CAMPUS DEVELOPMENT, FACULTY AND ADMINISTRATIVE SALARIES, AND COSTS, STUDENT HOUSING AND MEALS, HEALTH CARE, AND SECURITY SERVICES. 7195856 1 438 0 0 1 438 7195856 0 7195856 SOUTH ASIA AUWSF HAS FOUR KEY FUNCTIONS: (I) LONG-TERM STRATEGIC AND FINANCIAL PLANNING OF THE ASIAN UNIVERSITY FOR WOMEN; (II) MOBILIZATION OF FUNDS AND OTHER RESOURCES IN SUPPORT OF THE MISSION OF THE UNIVERSITY; (III) SERVE AS THE CUSTODIAN AND MANAGER OF ENDOWMENT FUNDS; AND (IV) EXTERNAL COMMUNICATIONS AND NETWORKS FOR ALL GRANTS MADE TO THE ASIAN UNIVERSITY FOR WOMEN, THE UNIVERSITY'S MANAGEMENT LED BY THE VICE CHANCELLOR AND THE CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR DISBURSEMENT AND THE ACCOUNTING OF FUNDS CONTRIBUTED BY AUWSF IN ACCORDANCE WITH THE TERMS OF THE GRANT AS WELL AS IN COMPLIANCE OF ALL RELEVANT INSTITUTIONAL POLICIES AND PROCEDURES. THE UNIVERSITY IS ANNUALLY AUDITED - BOTH INTERNALLY AND EXTERNALLY - AND THE AUDITED FINANCIAL REPORTS ARE THEN PUBLISHED ON THE WEBSITE OF WWW.ASIAN-UNIVERSITY.ORG. 9175890 WIRE TRANSFER 0 N/A N/A 1 0 0 0 0 0 0 0 PART I, LINE 2: AUWSF PROVIDES GRANT PAYMENTS TO AUW. AUW FINANCE STAFF DISBURSES FUNDS UNDER THE GUIDANCE AND APPROVAL OF AUW'S CFO IN ACCORDANCE WITH ITS OWN PROCUREMENT POLICIES AND PROCEDURES. AUW PROVIDES TO AUWSF MONTHLY DETAILS OF THE DISBURSEMENT AND BANK RECORDS. THESE FILES ARE THEN REVIEWED BY AUWSF AND RECORDED IN FINANCIAL RECORDS. CERTAIN DONORS REQUIRE THEIR OWN SEPARATE AUDITING OF FUNDS. X X 0 0 0 0 0 0 0 0 0 KAMAL AHMAD PRESIDENT AND CEO 316490 0 0 0 0 0 25200 0 37319 0 379009 0 0 0 X 4 45043 FMV 0 0 1 0 PART I, COLUMN (B) COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT AND CEO REVIEWS THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL DIRECTORS, OFFICERS AND EMPLOYEES UPON HIRING AND EACH MUST SIGN AN ACKNOWLEDGEMENT OF RECEIPT. NO CONTRACT OR OTHER TRANSACTION BETWEEN THE CORPORATION AND ONE OR MORE OF ITS DIRECTORS OR OFFICERS, OR BETWEEN THE CORPORATION, AND ANY OTHER CORPORATION, FIRM, ASSOCIATION OR OTHER ENTITY IN WHICH ONE OR MORE OF ITS DIRECTORS OR OFFICERS ARE DIRECTORS OR OFFICERS, OR HAVE A SUBSTANTIAL FINANCIAL INTEREST, SHALL BE EITHER VOID OR VOIDABLE FOR THIS REASON ALONE OR BY REASON ALONE THAT SUCH DIRECTOR OR DIRECTORS OR OFFICER OR OFFICERS ARE PRESENT AT A MEETING OF THE BOARD OF DIRECTORS, OR OF A COMMITTEE THEREOF, WHICH AUTHORIZES SUCH CONTRACT OR TRANSACTION, OR THAT HIS OR HER OR THEIR VOTES ARE COUNTED FOR SUCH PURPOSE, IF THE MATERIAL FACTS AS TO SUCH DIRECTOR'S OR OFFICER'S INTEREST IN SUCH CONTRACT OR TRANSACTION AND AS TO ANY SUCH COMMON DIRECTORSHIP, OFFICERSHIP OR FINANCIAL INTEREST ARE DISCLOSED IN GOOD FAITH OR KNOWN TO THE BOARD OR COMMITTEE, AS THE CASE MAY BE, AND THE BOARD OR COMMITTEE AUTHORIZES SUCH CONTRACT OR TRANSACTION BY A VOTE SUFFICIENT FOR SUCH PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH INTERESTED DIRECTOR OR DIRECTORS OR OFFICER OR OFFICERS. IF THERE WAS NO SUCH DISCLOSURE OR KNOWLEDGE, OR IF THE VOTE OF SUCH INTERESTED DIRECTOR OR OFFICER WAS NECESSARY FOR THE AUTHORIZATION OF SUCH CONTRACT OR TRANSACTION AT A MEETING OF THE BOARD OF DIRECTORS OR COMMITTEE AT WHICH IT WAS AUTHORIZED, THE CORPORATION MAY AVOID THE CONTRACT OR TRANSACTION UNLESS THE PARTY OR PARTIES THERETO ESTABLISH AFFIRMATIVELY THAT THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE AS TO THE CORPORATION AT THE TIME IT WAS AUTHORIZED BY THE BOARD OF DIRECTORS OR A COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR CEO IS SET BY CHAIRMAN OF THE BOARD. KEY EMPLOYEE SALARY IS DETERMINED AFTER ANNUAL PERFORMANCE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 OUR OWN WEBSITE: WWW.ASIAN-UNIVERSITY.ORG