2026-05-06T14:28:19-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-07-01 541603842 GEORGE MASON UNIVERSITY FOUNDATION INC GEOR 7039938850 4400 UNIVERSITY DRIVE MSN 1A3 FAIRFAX VA 220304444 ELIZABETH CANTRELL VP & CFO 7039938850 2026-05-06 1 1 MARY TORRETTA P00847851 7038477500 2024 2025-03-06 01:10:19Z TRISHANA E BOWDEN 4400 UNIVERSITY DRIVE MSN 1A3 FAIRFAX VA 220304444 233916744 0 X HTTPS://GMUF.ORG X 1991 VA TO ADVANCE AND FURTHER THE AIMS AND PURPOSES OF GEORGE MASON UNIVERSITY. (SEE SCHEDULE O)THE GEORGE MASON UNIVERSITY FOUNDATION, INC. WAS ESTABLISHED IN 1966 TO RECEIVE, MANAGE, INVEST, AND ADMINISTER PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY. 35 33 0 37 -322996 0 82887061 98172251 5152160 4570553 55797266 12555304 1900796 1058858 145737283 116356966 112723667 62461524 0 0 2257497 2626258 0 0 693679 21441869 24842339 136423033 89930121 9314250 26426845 498740925 554268261 90991435 85619685 407749490 468648576 THE GEORGE MASON UNIVERSITY FOUNDATION, INC. WAS ESTABLISHED IN 1966 TO RECEIVE, MANAGE, INVEST, AND ADMINISTER PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY. 0 0 84218532 62461524 4570553 THE FOUNDATION'S MAJOR PROGRAM ACTIVITY IS TO DISBURSE DESIGNATED FUNDS IN SUPPORT OF SCHOLARSHIPS, FELLOWSHIPS, AWARDS, AND GENERAL OPERATING EXPENSES OF THE UNIVERSITY'S ACADEMIC AND OTHER DEPARTMENTS. 84218532 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 0 1 0 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 X 505 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 35 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CA KY LA MA MD MI MN NH NJ NY OK OR SC WI WV X X ELIZABETH CANTRELL 7039938850 4400 UNIVERSITY DRIVE MSN1A3 FAIRFAX VA 220304444 ELIZABETH CANTRELL VICE PRESIDENT & CFO 40.00 0.00 X X 267379 0 66242 TRISHANA E BOWDEN PRESIDENT 8.00 0.00 X X 116549 0 15010 SUMEET SHRIVASTAVA CHAIR 1.00 0.00 X X 0 0 0 JENNY E HERRERA VICE CHAIR 1.00 0.00 X X 0 0 0 NADEEM BUTLER TREASURER 1.00 0.00 X X 0 0 0 BRIAN C DRUMMOND SECRETARY 1.00 0.00 X X 0 0 0 NELSON C GARCIA SECRETARY (THRU 09/2024) 1.00 0.00 X X 0 0 0 SANAM BOROUMAND TRUSTEE 0.50 0.00 X 0 0 0 JULIE BOWEN TRUSTEE (THRU 07/2024) 0.50 0.00 X 0 0 0 JENNIFER BURKHART LONDON TRUSTEE 0.50 0.00 X 0 0 0 ANIRBAN CHAKRABARTI TRUSTEE 0.50 0.00 X 0 0 0 CHRISTOPHER R DURLAK TRUSTEE 0.50 0.00 X 0 0 0 MICHAEL GALLAGHER TRUSTEE (AS OF 07/2024) 0.50 0.00 X 0 0 0 CHRISTINE HALBERSTADT TRUSTEE 0.50 0.00 X 0 0 0 COLIN R HART TRUSTEE 0.50 0.00 X 0 0 0 DEEPAK HATHIRAMANI TRUSTEE 0.50 0.00 X 0 0 0 CRAIG HAVENNER TRUSTEE (AS OF 07/2024) 0.50 0.00 X 0 0 0 GREGORY HOFFMAN TRUSTEE 0.50 0.00 X 0 0 0 JOHN M JACQUEMIN TRUSTEE (THRU 09/2024) 0.50 0.00 X 0 0 0 ROBERT J MAKHEJA TRUSTEE (THRU 12/2024) 0.50 0.00 X 0 0 0 MARK D MONSON TRUSTEE 0.50 0.00 X 0 0 0 TREVOR J MONTANO TRUSTEE 0.50 0.00 X 0 0 0 MARGARET E MYERS TRUSTEE 0.50 0.00 X 0 0 0 TAMARA L NALL TRUSTEE 0.50 0.00 X 0 0 0 DELBERT PARKS TRUSTEE 0.50 0.00 X 0 0 0 DAVID T PETERSEN TRUSTEE 0.50 0.00 X 0 0 0 TIMOTHY B PETERSON TRUSTEE 0.50 0.00 X 0 0 0 JOHN PLEASANTS TRUSTEE 0.50 0.00 X 0 0 0 HEATHER S ROMAGNOLI TRUSTEE 0.50 0.00 X 0 0 0 PALLABI SABOO TRUSTEE 0.50 0.00 X 0 0 0 ANIL SHARMA TRUSTEE 0.50 0.00 X 0 0 0 CHARLES STIMSON EX-OFFICIO TRUSTEE (AS OF 07/2024) 0.50 0.00 X 0 0 0 FRED D THOMPSON JR TRUSTEE 0.50 0.00 X 0 0 0 PAULINE THOMPSON TRUSTEE 0.50 0.00 X 0 0 0 ROBIN VALENTINE TRUSTEE 0.50 0.00 X 0 0 0 LOURDES V VENES TRUSTEE 0.50 0.00 X 0 0 0 VIJAY VENKATESWARAN TRUSTEE 0.50 0.00 X 0 0 0 GREGORY WASHINGTON EX-OFFICIO TRUSTEE 0.50 0.00 X 0 0 0 CHRISTINA L WILLIAMS TRUSTEE 0.50 0.00 X 0 0 0 CARRIE J ROSE CONTROLLER 40.00 0.00 X 196138 0 50870 ELIZABETH KREIN ASSISTANT CONTROLLER 40.00 0.00 X 151873 0 54758 TRACY WHITE DIR. OF REAL ESTATE & INVESTMENTS 20.00 0.00 X 167688 0 0 MICHELLE M DOLANSKY ASSOCIATE DIR., ACCOUNTS PAYABLE 40.00 0.00 X 104005 0 26544 1003632 0 213424 6 0 1 0 EDEN ROC LLP 4525 COLLINS AVENUE MIAMI BEACH FL 33140 CONFERENCE/HOTEL VENUE 558854 NASH HOLDINGS LLC 1301 K STREET NW WASHINGTON DC 20071 CONDUCTING POLL ACTIVITIES 420315 THE WESTIN ARLINGTON GATEWAY 801 N GLEBE ROAD ARLINGTON VA 22203 CONFERENCE/HOTEL VENUE 329279 MCGUIREWOODS LLP 800 EAST CANAL STREET RICHMOND VA 23219 LEGAL SERVICES 262039 HENDERSON BEACH RESORT HOTEL LLC 200 HENDERSON RESORT WAY DESTIN FL 32541 CONFERENCE/HOTEL VENUE 257482 16 63211 98109040 4651244 98172251 DIRECT-FINANCING LEASE 531190 3957474 3957474 RENT FROM GMU 531190 589079 589079 RENT FROM GMUIF 531190 24000 24000 4570553 4847728 4847728 119449369 5770000 114987606 2524187 4461763 3245813 7707576 -322996 8030572 29833 63211 47985 -18152 -18152 TRUST AND OTHER INCOME 900099 1077010 1077010 1077010 116356966 5647563 -322996 12860148 61618314 61618314 824210 824210 19000 19000 535274 535274 1188503 1188503 339778 339778 346021 346021 216682 216682 323525 52028 158978 112519 224064 224064 595 595 1497238 1352 1495886 3110752 3011345 49238 50169 291201 284725 6476 1367644 1255342 66793 45509 997014 641307 126975 228732 295598 295598 3414793 3351653 15750 47390 3916266 3766777 17849 131640 2492040 2492040 221540 220368 1172 41142 41142 ACADEMIC SUPPORT 3575980 3574491 1170 319 ADMINISTRATIVE SUPPORT 2270028 2078124 162323 29581 STAFF TRAINING AND DEV. 440312 401916 25264 13132 MEALS AND ENTERTAINMENT 362607 329942 4453 28212 89930121 84218532 5017910 693679 37239 271255 20738767 19809084 31615548 46015196 65491 7000 16626299 5634545 11081741 10991754 132593350 124490467 193232883 246045232 109375906 106638273 498740925 554268261 4409141 4664890 435124 542004 28854369 25414372 12878414 14596802 44414213 40401407 174 210 90991435 85619685 X 41991078 49211061 365758412 419437515 407749490 468648576 498740925 554268261 X 26426845 31142032 3330209 X 0 1 X 1 0 X 77503361 89145977 106035478 82663393 98172251 453520460 77503361 89145977 106035478 82663393 98172251 453520460 99674378 353846082 8733211 6240611 7936443 8720031 4847728 36478024 2630416 2615568 2303009 0 0 7548993 29833 29833 497577310 42398775 0.71110 0.73000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT GROSS INCOME - 2024 AMOUNT: $ 29,833. FORM 990, SCHEDULE A, PART I, EXEMPT STATUS THE FOUNDATION IS AN ORGANIZATION WITHIN THE MEANING OF CODE SECTION 501(C)(3) AND IS CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION WITHIN THE MEANING OF CODE SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV). THE FOUNDATION ALSO SATISFIES THE REQUIREMENTS OF A TYPE III NON-FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION WITHIN THE MEANING OF CODE SECTION 509(A)(3), BUT DOES NOT SEEK A RECLASSIFICATION OF ITS CURRENT PUBLIC CHARITY STATUS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 595 0 595 0 87738609 0 87739204 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 1461 1081 0 595 3137 250000 250000 250000 250000 1000000 1500000 0 0 0 0 SCHEDULE C, PART II-A: THE GEORGE MASON UNIVERSITY FOUNDATION, INC. PROVIDED GRANTS TO OTHER ORGANIZATIONS FOR PROFESSIONAL SERVICES RELATED TO LOBBYING FOR ISSUES IN HIGHER EDUCATION. 0 1 X 206791506 9232687 31998167 7496829 240525531 164455915 22266688 27089976 7021073 206791506 142352154 6357716 21589963 5843918 164455915 172997815 9012711 -33899621 5758751 142352154 138038291 7374226 33175312 5590014 172997815 0.08730 0.91270 0 0 10212155 10212155 6061777 5288354 773423 352367 346191 6176 10991754 HEDGE FUNDS 151123900 F PRIVATE EQUITY AND REAL ASSETS 43601282 F MONEY MARKET FUNDS 20583910 F MORTGAGE AND ASSET BACKED SECURITIES 15795947 F INTERMEDIATE GOVERNMENT/CREDIT 14940193 F 246045232 NET INV. IN DIRECT FIN LEASE 61652889 BENEFICIAL INT IN PERP. TRUST 43432761 OTHER ASSETS 1552623 106638273 UNEARNED RENT 210 210 X 149417799 31142032 37845 3330209 34510086 114907713 1497238 -47985 1449253 116356966 88518713 37845 47985 85830 88432883 1497238 1497238 89930121 PART IV, LINE 2B: THE FOUNDATION MAINTAINS CERTAIN ASSETS, PRIMARILY INVESTMENTS ON BEHALF OF SEVERAL LEGALLY AUTONOMOUS ORGANIZATIONS AND OTHER PROGRAMS ASSOCIATED WITH THE UNIVERSITY. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 660 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING ACADEMIC SUPPORT, EMINENT SCHOLARS, SCHOLARSHIPS, ATHLETICS, FACILITIES, LIBRARY, AND RESEARCH. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE ("IRS") AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. UNDER IRS PROVISIONS AND THE APPLICABLE INCOME TAX REGULATIONS OF THE COMMONWEALTH OF VIRGINIA, THE FOUNDATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE FOUNDATION'S PRIMARY SOURCE OF UNRELATED BUSINESS INCOME IS FROM RENTAL INCOME RECEIVED FROM TENANTS UNRELATED TO THE UNIVERSITY AT THE GMUF ARLINGTON CAMPUS, LLC, A COMMERCIAL OFFICE BUILDING, WHICH WAS SOLD DURING FISCAL YEAR 2024. THE FOUNDATION PAID NO INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2025 AND $9,863,175 FOR THE YEAR ENDED JUNE 30, 2024. THE FOUNDATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FOUNDATION HAS PROCESSES IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDED JUNE 30, 2022 THROUGH 2025 ARE STILL ELIGIBLE FOR REVIEW FOR BOTH FEDERAL AND STATE PURPOSES. THE FOUNDATION HAS DETERMINED THERE ARE NO MATERIAL, UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAX EXPENSE IS CLASSIFIED AS AN OPERATING EXPENSE WITHIN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPLIT INTEREST AGREEMENTS, CHANGE IN VALUE 4,286,037. LOSS ON UNCOLLECTIBLE PLEDGES -794,176. WRITE-OFF ON DISPOSAL OF FIXED ASSETS -161,652. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSE -47,985. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSE 47,985. 1 EAST ASIA AND THE PACIFIC 0 0 GRANT 13000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 5144 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 155902 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 21120 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 3500 RUSSIA AND NEIGHBORING STATES 0 0 GRANT 6000 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 497 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 3510 SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 32928 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 34370 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 99719610 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 3703687 0 0 0 0 0 0 208673 103490595 103699268 SCHOLARSHIP EAST ASIA AND THE PACIFIC 2 13000 WIRE SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 1 6000 WIRE 1 0 1 1 1 0 PART I, LINE 2: THE GEORGE MASON UNIVERSITY FOUNDATION FOLLOWS ESTABLISHED DISBURSEMENT PROCEDURES THAT ENSURE THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES ARE PROPERLY DOCUMENTED, SUPPORTED, AND RECORDED, APPROVED BY THE APPROPRIATE OFFICIALS AND MANAGEMENT, MADE FOR GRANT PURPOSES THAT ARE REASONABLE AND NECESSARY. PART I, LINE 3 THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. PC SPRING GOLF 49823 30583 19240 10018 18684 UL GOLF 43221 32628 10593 500 1452 13210 4121 93044 63211 29833 500 11470 13210 22805 47985 -18152 1 GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 10910178 0 SALARY SUPPORT GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 2037833 0 BENEFITS SUPPORT GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 3453909 0 SCHOLARSHIPS GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 17823391 0 OPERATIONS SUPPORT GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 805663 0 EMINENT SCHOLARS GMU HILLEL INC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 522232458 501(C)(3) 8036 0 PROGRAM SUPPORT MERCATUS CENTER 3434 N WASHINGTON BLVD ARLINGTON VA 22201 521328708 501(C)(3) 26447882 0 PROGRAM SUPPORT NORTHERN VIRGINIA COMMUNITY COLLEGE 4001 WAKEFIELD CHAPEL RD SUITE 252 ANANDALE VA 22003 541268263 170/115 37825 0 PROGRAM SUPPORT OFFICE OF THE ATTORNEY GENERAL FOR THE DISTRICT OF COLUMBIA 400 6TH STREET NW WASHINGTON DC 20001 536001131 170/115 63217 0 POST-GRADUATE FELLOWSHIP OSHER LIFELONG LEARNING INSTITUTE 4210 ROBERTS ROAD FAIRFAX VA 22032 541583254 501(C)(3) 23879 0 PROGRAM SUPPORT 6 0 SCHOLARSHIPS 318 824210 PART I, LINE 2: THE GEORGE MASON UNIVERSITY FOUNDATION FOLLOWS ESTABLISHED DISBURSEMENT PROCEDURES THAT ENSURE ALL PAYMENTS ARE PROPERLY DOCUMENTED, SUPPORTED, AND RECORDED, APPROVED BY THE APPROPRIATE OFFICIALS AND MANAGEMENT, MADE FOR VALID PURPOSES THAT ARE REASONABLE AND NECESSARY, AND MADE IN COMPLIANCE WITH GOVERNMENT REGULATIONS. ALL DISBURSEMENTS OF DONOR RESTRICTED FUNDS ARE MADE IN ACCORDANCE WITH ANY PURPOSE RESTRICTIONS, FOR THE BENEFIT OF GEORGE MASON UNIVERSITY OR OTHER AFFILIATED EDUCATIONAL AND RESEARCH ORGANIZATIONS. THE FOUNDATION DISBURSES FUNDS TO GEORGE MASON UNIVERSITY AND OTHER AFFILIATED EDUCATIONAL AND RESEARCH ORGANIZATIONS FOR SCHOLARSHIPS, FELLOWSHIPS, AWARDS AND GENERAL OPERATING EXPENSES BASED ON ELIGIBILITY DECISIONS MADE BY THE FOUNDATION/UNIVERSITY AFFILIATED ENTITIES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH CANTRELL VICE PRESIDENT & CFO 266670 0 0 0 709 0 37052 0 29190 0 333621 0 0 0 CARRIE J ROSE CONTROLLER 195137 0 0 0 1001 0 17824 0 33046 0 247008 0 0 0 ELIZABETH KREIN ASSISTANT CONTROLLER 149780 0 0 0 2093 0 24133 0 30625 0 206631 0 0 0 TRACY WHITE DIR. OF REAL ESTATE & INVESTMENTS 167678 0 0 0 10 0 0 0 0 0 167688 0 0 0 PART I, LINE 1A THE FOUNDATION PROVIDES CERTAIN SOCIAL CLUB MEMBERSHIPS FOR FUNDRAISING, DONOR CULTIVATION, OR OTHER BUSINESS PURPOSES. THE PERSONAL PORTION OF THE MEMBERSHIPS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION WAS REVIEWED AND APPROVED BY A COMMITTEE PER THE POLICIES OF THE DEPARTMENT OF HUMAN RESOURCES OF GEORGE MASON UNIVERSITY. THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION LISTED IN PART VII REFLECTS THE PORTION FUNDED BY THE FOUNDATION. INDIVIDUALS ON THE COMMITTEE INCLUDE THE UNIVERSITY PRESIDENT, EXECUTIVE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, CHIEF OF STAFF, AND VICE PRESIDENT OF HUMAN RESOURCES AND PAYROLL. SALARY INFORMATION INCLUDING THE PREVIOUS INCUMBENT'S COMPENSATION, COMPENSATION OF THE SAME POSITION AT THE OTHER VIRGINIA DOCTORAL INSTITUTIONS, AS WELL AS SALARY SURVEY DATA OF GEORGE MASON UNIVERSITY'S PEER INSTITUTIONS AND COMPARABLE DC AREA UNIVERSITIES WAS REVIEWED TO DETERMINE REASONABLENESS OF SALARY. OTHER KEY EMPLOYEES' COMPENSATION IS REVIEWED AND APPROVED BY THE UNIVERSITY'S OFFICE OF ACCESS, COMPLIANCE, AND COMMUNITY AND HUMAN RESOURCES COMPENSATION TEAM TO DETERMINE EQUITY THROUGHOUT THE UNIVERSITY, OTHER STATE AGENCIES, AND THE MARKETPLACE. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 2017-09-12 16795000 SEE PART VI 0 0 0 B FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 2018-06-05 30395000 SEE PART VI 0 0 0 A 16795000 197500 16597500 2004 1 0 1 1 B 30395000 248115 30146885 2012 1 0 1 1 A 0 0 0 0 0 0 1 B 0 1 0 1 1 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUER: A) ISSUER NAME: FAIRFAX COUNTY DEVELOPMENT AUTHORITY B) ISSUER NAME: FAIRFAX COUNTY DEVELOPMENT AUTHORITY SCHEDULE K, PART I, COLUMN F, LINE A: REFUND OF $16,795,000 OF ISSUE DATED 5/30/2013. SCHEDULE K, PART I, COLUMN F, LINE B: REFUND OF $28,243,403 OF ISSUE DATED 4/21/2010. SCHEDULE K, PART IV, COLUMN A, LINE 2C: REBATE CALCULATIONS WAS PERFORMED ON DECEMBER 21, 2022. SCHEDULE K, PART IV, COLUMN B, LINE 2C: REBATE CALCULATION WAS PERFORMED ON MAY 18, 2023. X 8 1155730 EXPERT OPINION X 164620 EXPERT OPINION X 30 2984011 FMV X 5 59556 FMV X COMPUTER EQUIP. 3 276068 FMV X MUSIC EQUIPMENT 2 11259 FMV 4 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF NONCASH CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART V, LINE 2A: THE FOUNDATION DOES NOT ISSUE W-2S. THE FOUNDATION IS A PRIVATE ENTITY, SEPARATE AND NOT RELATED TO GEORGE MASON UNIVERSITY. HOWEVER, THE FOUNDATION SUPPLEMENTS COMPENSATION PAID TO INDIVIDUALS REPORTED ON PART VII, SECTION A, BASED ON PERCENTAGES OF TIME DEDICATED TOWARD THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B EACH YEAR, A COPY OF GEORGE MASON UNIVERSITY FOUNDATION, INC.'S IRS FORM 990 IS PROVIDED TO ALL OFFICERS, TRUSTEES, AND SENIOR MANAGEMENT OFFICIALS. DURING THE WINTER AUDIT COMMITTEE MEETING, THE 990 IS REVIEWED WITH THE FOUNDATION'S TAX PREPARER. AFTER THE AUDIT COMMITTEE HAS APPROVED THE 990, IT IS FORWARDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND APPROVAL. AFTER THE EXECUTIVE COMMITTEE HAS APPROVED THE 990, IT IS PRESENTED TO THE FULL BOARD, AND AFTER ACCEPTANCE, IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES OF THE GEORGE MASON UNIVERSITY FOUNDATION, INC., ARE REQUIRED TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTERESTS. INDIVIDUALS COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORMS FOR REVIEW AND THE FOUNDATION INFORMS THE BOARD CHAIR AND COMMITTEE CHAIRS OF ANY POTENTIAL CONFLICTS. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE RELEVANT TRANSACTION. AT EACH COMMITTEE AND FULL BOARD MEETING, AN AGENDA ITEM IS THE IDENTIFICATION OF ANY CONFLICTS WITH ITEMS ON THE AGENDA. ANY CONFLICTS NOTED BY TRUSTEES ARE DOCUMENTED IN THE MINUTES FOR EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION WAS REVIEWED AND APPROVED BY A COMMITTEE PER THE POLICIES OF THE DEPARTMENT OF HUMAN RESOURCES OF GEORGE MASON UNIVERSITY. INDIVIDUALS ON THE COMMITTEE INCLUDE THE UNIVERSITY PRESIDENT, EXECUTIVE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, CHIEF OF STAFF, AND VICE PRESIDENT OF HUMAN RESOURCES AND PAYROLL. SALARY INFORMATION INCLUDING THE PREVIOUS INCUMBENT'S COMPENSATION, COMPENSATION OF THE SAME POSITION AT THE OTHER VIRGINIA DOCTORAL INSTITUTIONS, AS WELL AS SALARY SURVEY DATA OF GEORGE MASON UNIVERSITY'S PEER INSTITUTIONS AND COMPARABLE DC AREA UNIVERSITIES WAS REVIEWED TO DETERMINE REASONABLENESS OF SALARY. OTHER KEY EMPLOYEES' COMPENSATION IS REVIEWED AND APPROVED BY THE UNIVERSITY'S EQUITY OFFICE AND HUMAN RESOURCES COMPENSATION TEAM TO DETERMINE EQUITY THROUGHOUT THE UNIVERSITY, OTHER STATE AGENCIES, AND THE MARKETPLACE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PUBLISHES THE ARTICLES OF INCORPORATION, BYLAWS, CODE OF ETHICS STATEMENT, CONFLICT OF INTEREST POLICIES, AUDITED FINANCIAL STATEMENTS, IRS FORMS 990 AND 990-T AND IRS DETERMINATION LETTER AT HTTPS://GMUF.ORG. INDIVIDUALS CAN REQUEST COPIES OF ANY OF THE ABOVE DOCUMENTS AS WELL AS GEORGE MASON UNIVERSITY FOUNDATION, INC.'S FORM 1023. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 4,286,037. LOSS ON UNCOLLECTIBLE PLEDGES -794,176. WRITE-OFF ON DISPOSAL OF FIXED ASSETS -161,652. GMUF MASON ADMINISTRATION LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 270937708 REAL ESTATE VA 1122897 22059537 GMUF GMUF PRINCE WILLIAM HOUSING LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 452918081 REAL ESTATE VA 768551 14154079 GMUF GMUF PRINCE WILLIAM LIFE SCIENCES LAB 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 452918190 REAL ESTATE VA 1730130 27488696 GMUF GMUF COMMERCE BUILDINGS LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 462592279 REAL ESTATE VA 183317 0 GMUF GMUF POTOMAC HEIGHTS LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 823534994 REAL ESTATE VA 546879 6101492 GMUF CHARITABLE REMAINDER TRUSTS (5) ANNUITY TRUST VA GMUF 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0