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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>AS DISCLOSED IN THE UNIVERSITY'S FORM 1023, THE UNIVERSITY HAS A NON DISCRIMINATION POLICY. ADDITIONALLY, CEU HAS BEEN ADVISED BY HUNGARIAN AND AUSTRIAN COUNSEL THAT IT IS BOTH ILLEGAL AND IMPRACTICAL UNDER HUNGARIAN AND AUSTRIAN LAW AND PRACTICE TO DIRECT QUESTIONS AT STUDENTS, FACULTY AND ADMINISTRATIVE STAFF WHICH ARE DESIGNED TO DETERMINE THEIR RACIAL BACKGROUND. AS A RESULT, CEU HAS BEEN UNABLE TO GATHER THE DATA REQUESTED IN THIS QUESTION. IN CENTRAL EUROPE EXPLICIT REFERENCE TO A PERSON'S RACE TENDS TO EVOKE THE GERMAN RACIAL THEORY AND IS THEREFORE VIEWED WITH GREAT SUSPICION. COUNSEL ALSO NOTES THAT THE COLLECTION OF RACIAL DATA BY THE UNIVERSITY WOULD HAVE A VERY NEGATIVE IMPACT ON THE REPUTATION OF THE UNIVERSITY IN THE REGION AND WOULD BE IN OPPOSITION TO THE CHARACTER OF THE UNIVERSITY, WHICH HAS A REPUTATION AS ONE OF THE FEW UNIVERSITIES IN THE CENTRAL EUROPEAN REGION WITH THE GOAL OF ENCOURAGING STUDENTS OF DIFFERENT NATIONALITIES TO LEARN IN ONE ENVIRONMENT.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>SEE STATEMENT FROM SCHEDULE E, PART I, LINE 3</ExplanationTxt>
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        <ExplanationTxt>USE OF GRANT FUNDS ARE MONITORED BY THE BOARD OF TRUSTEES. THE GRANTS COVER EXPENSES OF THE HUNGARIAN, KOZEP-EUROPAI EGYETEM (CEU KEE) AND AUSTRIAN (CEU GMBH) AFFILIATES DISCLOSED ON SCHEDULE R. EXPENSES INCLUDE: INSTRUCTIONAL COSTS, ACADEMIC SUPPORT, STUDENT SERVICES, PUBLIC SERVICE, RESEARCH, INSTITUTIONAL SUPPORT, FUNDRAISING, SCHOLARSHIPS AND PLANT OPERATION AND MAINTENANCE. KEY STAFF HAVE CONTRACTUAL AGREEMENTS WITH CEU GMBH AND ARE COMPENSATED IN ACCORDANCE WITH THE TERMS OF THOSE AGREEMENTS. GRANT FUNDS ARE AWARDED AND DISBURSED IN INSTALLMENTS BASED ON A DETAILED AND APPROVED BUDGET. DETAILED FINANCIAL REPORTING IS MANDATORY ON AN INTERIM BASIS TO RELEASE THE NEXT INSTALLMENT.</ExplanationTxt>
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        <ExplanationTxt>GEORGE SOROS, HONORARY CHAIR, TRUSTEE AND ALEXANDER SOROS, TRUSTEE, ARE FATHER AND SON RESPECTIVELY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY WILL BE SENT AFTER THAT TO ALL OF THE MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD FOR INFORMATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION REVIEWS ITS CONFLICT OF INTEREST POLICY AND ENFORCES COMPLIANCE ON A PERIODIC BASIS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT AND ALL OTHER OFFICERS IS THE RESPONSIBILITY OF THE COMPENSATION COMMITTEE. A COMPENSATION SURVEY IS PRESENTED ALONG WITH OTHER ORGANIZATIONS FORM 990S FOR COMPARABILITY. THE COMMITTEE THEN REVIEWS ALL WRITTEN EMPLOYMENT CONTRACTS AND PRESENTS THEIR RECOMMENDATIONS TO THE BOARD, WHICH THEN VOTES TO APPROVE OR DENY THE SUGGESTIONS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>FOREIGN EXCHANGE GAIN 21,946,635.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 2C</FormAndLineReferenceDesc>
        <ExplanationTxt>THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.</ExplanationTxt>
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          <CountryCd>HU</CountryCd>
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          <BusinessNameLine1Txt>KOZEP-EUROPAI EGYETEM (CEU KEE)</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>NADOR 9</AddressLine1Txt>
          <CityNm>BUDAPEST</CityNm>
          <CountryCd>HU</CountryCd>
          <ForeignPostalCd>1051</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>HUNGARIAN PRIVATE NOT-FOR-PROFIT EDUCATIONAL INSTITUTION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>HU</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE CENTRAL EUROPEAN UNIVERSITY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>CEU EDUCATIONAL-SERVICE (CEU OSZ)</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>NADOR 9</AddressLine1Txt>
          <CityNm>BUDAPEST</CityNm>
          <CountryCd>HU</CountryCd>
          <ForeignPostalCd>1051</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>PROVIDE REAL ESTATE MANAGEMENT SERVICES AND SUPPORT FOR HIGHER EDUCATION.</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>HU</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE CENTRAL EUROPEAN UNIVERSITY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>CEU ACADEMIC NON-PROFIT PRIVATE FOUNDATION ACADEMY AT (CEU VIEF)</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>QUELLENSTRASSE 51-55</AddressLine1Txt>
          <CityNm>VIENNA</CityNm>
          <CountryCd>AU</CountryCd>
          <ForeignPostalCd>1100</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>SUPPORTING THE ACTIVITY OF CEU CAMPUS</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>AU</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE CENTRAL EUROPEAN UNIVERSITY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>CEU GMBH (CEU PU)</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>QUELLENSTRASSE 51-55</AddressLine1Txt>
          <CityNm>VIENNA</CityNm>
          <CountryCd>AU</CountryCd>
          <ForeignPostalCd>1100</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>TO CARRY OUT CEU'S EDUCATIONAL SERVICES IN VIENNA</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>AU</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE CENTRAL EUROPEAN UNIVERSITY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>STICHTING CEU FOUNDATION HOLLAND (CEU HOL)</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>WILLEMSPARKWEG 96</AddressLine1Txt>
          <CityNm>AMSTERDAM</CityNm>
          <CountryCd>NL</CountryCd>
          <ForeignPostalCd>1071 HM</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>INVESTMENT MANAGER OF CEU ENDOWMENT</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>NL</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE CENTRAL EUROPEAN UNIVERSITY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>CEU INGATLANKEZELLO SOCIETAS EUROPAEA</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>NADOR 9</AddressLine1Txt>
          <CityNm>BUDAPEST</CityNm>
          <CountryCd>HU</CountryCd>
          <ForeignPostalCd>1051</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>PROVIDE REAL ESTATE MANAGEMENT SERVICES AND SUPPORT FOR HIGHER EDUCATION.</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>HU</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE CENTRAL EUROPEAN UNIVERSITY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>1</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>1</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>0</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>0</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>1</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>THE CENTRAL EUROPEAN UNIVERSITY FOUNDATION OF BUDAPEST</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>7269815</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>FMV</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>KOZEP-EUROPAI EGYETEM</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>2519440</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>FMV</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>CEU GMBH</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>95538440</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>FMV</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>CEU ACADEMIC PRIVATE FOUNDATION ACADEMY AT (CEU VIEF)</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>D</TransactionTypeTxt>
        <InvolvedAmt>5093470</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>YEAR-END BALANCE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>CEU EDUCATIONAL-SERVICE (CEU OSZ)</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>D</TransactionTypeTxt>
        <InvolvedAmt>19916040</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>YEAR-END BALANCE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>