Penn State Right-To-Know Report 2010

The Pennsylvania State University

Right-to-Know law Report

May20,2010

This Report is filed in accordance with the provisions of Chapter 15 of the Right-to-Know Lawfor the Fiscal Year commencing July 1, 2008 and ending June 30, 2009. This Report includes thefollowing information as required by the Right-to-Know Law:

1. Section 1 -- Information required by Form 990 or an equivalent form, of the United StatesDepartment of the Treasury, Internal Revenue Service, entitled the Return of Organization ExemptFrom Income Tax, regardless of whether the State-related institution is required to file the form bythe Federal Government.

2. Section 2 -- The salaries of all officers and directors of the State-related institution.

3. Section 3 - The highest 25 salaries paid to employees of the institution that are not includedunder Section 2.

Section 1:

All information required by Form 990 or an equivalent form,of the United States Department of the Treasury, InternalRevenue Service, entitled the Return of Organization ExemptFrom Income Tax, regardless of whether the State-relatedinstitution is required to file the form by the FederalGovernment.

A For the 2008 calendar year, or tax year beginning Jut 1 , 2008, and ending June 30 ,20 09o Employer identification numberB Clleck if applicable: Please C Name of organization The Penns Ivania State Universit

O use IRSAddress change label or t--::-Do_ing-:=-8_u_s:-in:-eSS~A:-s--:-:::-:-----::~,.,----_-:-::-_~__ --:-:------,-_-.- ---I,,::--=-2,.:.4-:-~_--:-=6.::.O.::.O.:..03::.7:..;6=--_

D Name change print or Number and slreel (Of P.O, box if mail is not delivered to street address) Room/suite E Telephone numbertype.

D Initial retum See 1-4..:.:0:-:8::...0=..:.:ld::...:.:.M::=a::.:in~__ -:-_-:-:==-----:- ---''- f-!.(...:B:.;1:..:4:...!..-)__ ..::8:.::6::::5_-1:.;3:.:::5::::5~_D Specific,

Termination Instruc- City or town, state or country. and ZIP + 4

DAmended return tions. University Park, PA 16802 G Gross receipts $ 9115670922D Application pending F Name and address 01 principal officer: H(a) Is thisa group relum for alfdiates{]Yes IZINo

-:---=- ........J..:;::.G::.:.r-=a='h.::a::.:m.:...:::S=a~n::.:ie:::r.L,.:;::.Oc;:ld=-:.:M::..;a::.:i:..;n"",~U;:.n:.:.iv:.;.~P...:a::.:rk~~P.!..A~1:=6:.:::8-=0=2'-- ----J H{b) Are all affiliates included? DYes DNoI Tax-exempt status: 0 501 (c) ( )~ (insert no.) 0 4947(a)(1) or D 527 If "No," attach a list. (see mstrucnons)

J Website: •. PSU.EDU He Grou exem tion number ~

K Type of oryanization:1i:JCorporation Association 0Other •. L Year of formation: M State of legal domicile: PASummary .

1 Briefly describe the organization's mission or most significant activities: ~~_~_~~_~~):'~~~_r:!~:~_~~!1_~_~_~~~_t_~_'!!~!:~?!!y!_"!,!Je_e.~~_~~1!~~1)!~_~t~!~_~':Ily.~r~.i!Y_!~_~_c!~!!l.i~~_t<?j'!!P!~yJ!!g_!~_~_I!y~~_!>.~!~_~'p~,!J!~~_~H)_~~_~~1!~~_I)!~1_t~!!_!!~!!~_~ __Cl_r:!~_!I1_~_~~!1~!h~<?'!!9_~_iJ!S.1!!~~g_':'~!~.!!t~!"!:P~rt~i!S.!!!!,!n_'!t~!9.I]:gl;J~ll!Y_!~~~h~~g;_!"~_!'!~.!'!~~h_I.!!l_~_!}.!!!~t:!~~!l· __L~~ __~~!y_~~~!~y_!~_Cl.!!.i~~!!!!,!!~_~!ClE~_<.>f.!~.tl.f~'!!!!1_!?!l_~_~~_f!:!l ~!f~}~!!!!y)y'Cl!!i.a.~ _

2 Checkthis box •. D if the organizationdiscontinuedits operationsor disposedof morethan 25% of its assets.3 Number of voting members of the governing body (Part VI, line 1a).4 'Number of independent voting members of the goveming body (Part VI, line 1b)5 Total number of employees (Part V, line 2a) . _6 Total number of volunteers (estimate if necessary)7a Total gross unrelated business revenue from Part VIII, line 12, column (C).

b Net unrelated business taxable income from Form 990-T, line 34. 7b

•• 8 Contributions and grants (Part VIII, line 1h). . . . . _:J; 9 Program service revenue (Part VIII, line 2g) .~ 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d)

11 Other revenue (Part VIII, column (A), lines 5, 6d, Bc, 9c, 10c, and 11e) .12 Total revenue-s-add lines 8 through 11 must equal Part VIII, column (A), line 12 )

13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) .VI 14 Benefits paid to or for members (Part IX, column (A), line 4) . .~ 15 Salaries,other compensation, employee benefits (Part IX, column (A), lines 5-10)~ l6a Professional fundraising fees (Part IX,column (A), line 11e) . • • . . •

W b Total fund raising expenses (Part IX,column (P), line 25) •.. ~_~~_~~!.~~ _17 Other expenses (Part IX, column (A), lines 11a-11 d. 11f-24f). . _18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25)_19 Revenue less ex enses. Subtract line 18 from line 12

3456

7a

Prior Year

4877150003203094000

19334100025125000

3909275000119465776

2128576987

Current Year

2291601805

1261823237 13450000503509866000 3763279000

399409000 191960000LIII

o~11I=

i~ 20 Total assets (Part X, line 16) . _ . ~ . . ."'III~-g 21 Total liabilities (Part X. line 26) _ . . _ . _ .~~ 22 Net assets or fund balances. Subtract line 21 from line 20.

Beginning of Year End of Year

7657394000 771737700030679400004589454000

33138060004403571000

Form 990 (2008) Page 2ImDI Statement of Program Service Accomplishments (see instructions)

1 Briefly describe the organization's mission:_~~_~_f!~ry~¥!~~ry!~::;_!~~c:i_9E~~t_~I)!Y_I!~!.i!~!_T!!~_~~!!I)~Y!Y~!~_~!~!~_~ ~}X~~~_~_!~_~~~_I!@~ _!()_~~p_~()~i!!~t!~_~_I!y"~~_~~~~_E!_peop!e of ~E!~':1~Y!Y~':"!?J_!~~_~~J!~I~_?~~J~_~_~()~!~_~!!~().l!9.~.i~.!~~~~'-':.'!!E!~.,!!'!:P~~~}~~!()~ .()f-'.:'!~~~~lI~I!!y.!~~~!!i_~g.,.... _._

~~~~~~_~~~~':.l~.()~.~r:.~~~11~_1!!~_,=,-1)~Y~~!.i!!Y_~l!_~!!}!!~!~~_~~_~~~~t.~.()f.~I)~~~~~~~':'~~';l.}!~_~!~~_~!1.~yJy"~~i~.__.. ._.. __----------

2 Did the organization undertake any significant program services during the year which were not listed onthe prior Form 990 or 990-EZ? . . . . . . . . . . . . . _ . . . . . . . . .' 0 Yes IZl NoIf "Yes," describe these new services on Schedule O.

3 Did the organization cease conducting, or make significant changes in how it conducts, any programservices? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 Yes III NoIf "Yes," describe these changes on Schedule O.

4 Describe the exempt purpose achievements for each of the organization's three largest program services by expenses.Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1} trusts are required to report the amount of grants andallocations to others, the total expenses, and revenue, if any, for each program service reported.

4a (Code: ... _... J (Expenses $ . .~?_~?.t!1QQQincluding grants of L._ ...1._?~.~!?1~~J(Revenue $ . .1~~_?!.~~_~9~U_tf)~_t!_l:!~~!()_f).~.F.'~f)!1._~!~~~.~J !1.~!~!l.~!~()!!~!_~i_~~J!>'I)_~1l~1_l:!~.E!~.~11~~!.9~?~LJ"~~E!!_g~~.<!~~!~].P!.<?!~~~i()_f!~~!_~~.~_<?!>.Il~!~":I!Il.9__. _.~!!~_~i.~~~!!~~_~~~~~ti~r:r:__. .. . . _ . __.. .__. . :

4b (Code: ._.J (Expenses $_. ~~.~?!.~!l.Q~.including grants of $.__._.. . .. ) (Revenue $.. ....~_~~?~~_Q9!l.J_li()~~~!~~_:~~_f)r:r_~!~~!!.~~_~_C?!1:l_'!!i.t~~~_!(). ~_~~_~r:r.q~llg_q!_t~R~_C?fJ!f~_!~.r:.c?!l.ghj!1:l.pr!>.y~_q_tl~~~~J:11.!t)~.Er9.f.~~~i~Il_''!t_. .. __.. __.p!.~p_~r?~j()!!.elf. tJ:1~~~ ~_I}()_~!~I.~_I!!"Y_~J_'!~.hE!~J!h.11~.~~~.C?f-'?!h~r~J_~!!~_~h~.~J~.C!().y~!Y._()! -'~!1.()~!~~9.E!JJ1!'1J.~!IJ.I:l_E!Il_E!fi_t. _all.--- - - ---- -- --- - ------ --- -- - - -- -- - -- -_.-.-- --. - - ------- - -- --- ----- ------------ -- -- --- - ----- -- --- ---- -------- --- - - - ---- --- - - -_.- ----- - - -- - - - --- - - --

4c (Code: . _.J (Expenses $ .__ ?~-'~~_17!l.Q~.including grants of $_ ) (Revenue $. J~~!l.~!.~~!l.J.R~~.~!'I!.~I:1_~J?~!.1.Q_~J~!I!~~.~~?_E!~.r..<;I:1_!l1.i~~tl.?!!J~J~_l?r~_'!~E!.!l_E!!>!.~Il.()~!~~9.E!.t_'!~.t.lIl'!PI:.()Y_E!~_!Il_(Hy!~_l:!~LtiXE!?·.. 1)-')ly~r.~j~L__...__r~~E!!l.r:.~~_.!!~~.P~~!!jXE!!YJ~PA~.t~<.f.~YrX~9~C?!1.,.~.t_l!t~LI}~JJ!>'I),-~~_cJ_~'!Y~Il.cJ,_.__... ._. .. .... . ..... _. .. _.__

4d Other program services. (Describe in Schedule 0.)(Expenses $ 263906345 including grants of $ ) (Revenue $ 499000000)

4e Total program service expenses ~ $ 2879808345 (Must equal Part IX, Line 25, column (8).)Form 990 (2008)

Form 990 (2008) Page 3

, .

.. Checklist of Required SchedulesYes No

1 Is the organization described in section 501(c}(3) or 4947(a)(1) (other than a private foundation)? If "Yes,"complete Schedule A 1 .;

2 Is the organization required to complete Schedule S, Schedule of Contributors? 2 .(

3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to .;candidates for public office? If "Yes," complete Schedule C, Part I 3

4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If "Yes," completeSchedule C, Part II 4

5 Section 501(c)(4), 501(c)(5), and 501(c)(6) organizations. Is the organization subject to the section 6033(e)notice and reporting requirement and proxy tax? If "Yes," complete Schedule C, Part 1/1. 5

6 Did the organization maintain any donor advised funds or any accounts where donors have the right toprovide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete .(Schedule D, Part I 6

7 Did the organization receive or hold a conservation easement, including easements to preserve open space, .;the environment, historic land areas, or historic structures? If "Yes,••complete Schedule D, Part /I 7

8 Did the organization maintain collectjons of works of art, historical treasures, or other similar assets? If "Yes," .;complete Schedule D, Part 1/1. 8

9 Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in PartX; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes,"

9 .;complete Schedule D, Part IV

10 Did the organizationhold assets in term, permanent, or quasi-endowments?If "Yes,II complete Schedule D, Part V 10 .;11 Did the organization report an amount in Part X, lines 10, 12, 13, 15, or 25? If "Yes," complete Schedule D,

Parts VI, VII, VII/, IX, or X as applicable 11 .;

12 Did the organization receive an audited financial statement for the year for which it is completing this returnthat was prepared in accordance with GAAP? If uYes," complete Schedule D, Parts XI, XII, and XIII 12 .;

13 Is the organization a school described in section 170(b)(1)(A)(ii)?If "Yes,II complete Schedule E 13 .;14a Did the organization maintain an office, employees, or agents outside of the U.S.? 14a .;

b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising,business, and program service activities outside the U.S.? If "Yes," complete Schedule F, Part I . 14b .;

15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to anyorganization or entity located outside the United States? If "Yes,H complete Schedule F, Part /I. 15 .;

16 Did the organization report on Part IX, column (Al, line 3, more than $5,000 of aggregate grants or assistanceto individuals located outside the United States? If "Yes," complete Schedule F, Part 11/ . 16 .;

17 Did the organizationreport more than $15,000on Part IX,column(Al, line 11e7If "Yes,"complete ScheduleG, Part I 17 .;18 Did the organizationreport more than $15,000total on PartVIII, lines1c and 8a7If "Yes,"completeScheduleG, Part /I 18 .;19 Did the organization report more than $15,000 on Part VIII, line 9a? If "Yes, II complete Schedule G, Part 11/ 19 .;20 Did the organization operate one or more hospitals? If "Yes," complete Schedule H 20 .;21 Did the organizationreport more than $5,000 on Part IX,column (A),line 17 If "Yes,"complete ScheduleI, Parts I and 11 21 .;22 Did the organizationreport more than $5,000 on Part IX,column (A),line 27 If "Yes,"complete SCheduleI, Parts I and III 22 .;23 Did the organization answer "Yes" to Part VII, Section A, questions 3, 4, or 5? If "Yes," complete

Schedule J . 23 .;

24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than$100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer questions .;24b-24d and complete Schedule K. If "No, U go to question 25. 24a

b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? . 24b .;

c Did the organization maintain an escrow account other than a refunding escrow at any time during the yearto defease any tax-exempt bonds? . 24c .;

d Did the organization act as an "on behalf of' issuer for bonds outstanding at any time during the year? 24d .(

25a Section 501{c)(3} and 501(c){4) orgariizations. Did the organization engage in an excess benefit transactionwith a disqualified person during the year? If "Yes," complete Schedule L, Part I 25a

b Did the organization become aware that.it had engaged in an excess benefit transaction with a disqualifiedperson from a prior year? If "Yes, " complete Schedule L, Part I 25b

26 Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee,ordisqualifiedpersonoutstanding as of the end of the organization'stax year?If "Yes,"complete ScheduleL, Part /I . . 26 .;

27 Did the organization provide a grant or other assistance to an officer,' director, trustee, key employee, orsubstantial contributor or to a person related to such an individual? If "Yes" complete Schedule L Part IfI 27 .;

Form 990 (2008)

FO~990~~rOO=B~)~~~~~~~~~~~~~~~ __~ __~ Pa~~ 4

28 During the tax year, did any person who is a current or former officer, director, trustee, or key employee:

a Have a direct business relationship with the organization (other than as an officer, director, trustee, oremployee), or an indirect business relationship through ownership of more than 35% in another entity(individually or collectively with other person(s) listed in Part VII, Section A)? If "Yes," complete Schedule L,Part IV . . . . . . . _ .

b Have a family member who had a direct or indirect business relationship with the organization? If "Yes,"complete Schedule L, Part IV . . . . . . _

c Serve as an officer, director, trustee, key employee, partner, or member of an entity (or a shareholder of aprofessional corporation) doing business with the organization? If "Yes," complete Schedule L, Part IV. .

29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes,n complete Schedule M30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified

conservation contributions? If "Yes, " complete Schedule M31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,

Part I . .... . . . . .32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes,• complete

Schedule N, Part /I . . . . . .33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations

sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I _ .34 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Parts II,

11/,IV, and V, line 1 . . . . _35 Is any related organization a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete

Schedule R, Part V, line 2. . . . .. . _ . . .36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related

organization? If "Yes," complete Schedule R, Part V, line 2 . . . . .37 Did the organization conduct more than 5% of its activl1ies through an entity that is not a related organization

and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, PartVI . . . . . . . . . . . .

28a .f

28b .f

28c .f29 .f

30 .f

31 .f

32 .f

33 .f

34 .f

35 .f

36

37 .f

Form 990 (2008)

Form 990 (2008).r~~------~----~~~--~~~----~~--~--~---------------------------------Statements Re

1a Enter the number reported in Box 3 of Form 1096, Annual Summary and Transmittal ofU.S. Information Returns. Enter -0- if not applicable . . . . . . . . . .

b Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicablec Did the organization comply with backup withholding rules for reportable payments to vendors and reportable

gaming (gambling) winnings to prize winners? .

2a Enter the number of employees reported on Form W-3, Transmittal of Wage and TaxStatements, filed for the calendar year ending with or within the year covered by this return '-=2=a-L.._--=c..:....:::~

b If at least one is reported on line 2a, did the organization file all required federal employment tax returns?Note. If the sum of lines 1a and 2a is greater than 250, you may be required to a-file this return. (seeinstructions)

3a Did the organization have unrelated business gross income of $1,000 or more during the year covered bythis return? . 3a ./

b If "Yes," has it filed a Form 990-T for this year? If "No," provide an explanation in Schedule O. . 3b ./4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority

over, a financial account in a foreign country (such as a bank account, securities account, or other financialaccount)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a ./

b If "Yes," enter the name of the foreign country: •. ~!~!¥ .See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bankand Financial Accounts.

5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? . Sa ./b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b ./c If "Yes," to question 5a or 5b, did the organization file Form 8886-T, Disclosure by Tax-Exempt Entity

Regarding Prohibited Tax Shelter Transaction? . . . . . . f-"-5c,,-+_-+---:-_6a Did the organization solicit any contributions that were not tax deductible? . . 6a./

b If "Yes," did the organization include with every solicitation an express statement that such contributions orgifts were not tax deductible? . . . . 6b

7 Organizations that may receive deductible contributions under section 170(c).a Did the organization provide goods or services in exchange for any quid pro quo contribution of more than

$75? . . . . . .b If "Yes," did the organization notify the donor of the value of the goods or services provided? .c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was

required to file Form 8282? . . . . . . .d If "Yes," indicate the number of Forms 8282 filed during the yeare Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal

benefit contract? . . . . . . . .f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?9 For all contributions of qualified intellectual property, did the organization file Form 8899 as required? .h For contributions of cars, boats, airplanes, and other vehicles, did the organization file a Form 1098-C as

required? . . . . " ....8 Section 501(c)(3) and other sponsoring organizations maintaining donor advised funds and section

509(a)(3) supporting organizations. Did the supporting organization, or a fund maintained by a sponsoringorganization, have excess business holdings at any time during the year? . .

9 Section 501(c)(3) and other sponsoring organizations maintaining donor advised funds.a Did the organization make any taxable distributions under section 4966? .b Did the organization make a distribution to a donor, donor advisor, or related person?

10 Section 501(c)(7) organizations. Enter.a Initiation fees and capital contributions included on Part VIII, line 12.b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

11 Section 501(0)(12) organizations. Enter:a Gross income from members or shareholders . 1-1"-1.:..;a=+ _b Gross income from other sources (Do not net amounts due or paid to other sources against

amounts due or received from them.) . . . L1::..1:..:b:...L _12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

b If "Yes," enter the amount of tax-exempt interest received or accrued during the year. 112b IForm 990 (2008)

~B~ ~6Im!lI Governance, Management, and Disclosure (Sections A, B, and C request information about policies not

required by the Internal Revenue Code.)Section A. Governin Bod and Mana ement

For each "Yes" response to lines 2-7b below, and for a "No" response to lines 8 or 9b below, describe thecircumstances, processes, or changes in Schedule O. See instructions.

1a Enter the number of voting members of the governing body . .b Enter the number of voting members that are independent ,

2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship withany other officer, director, trustee, or key employee?

3 Did the organization delegate control over management duties customarily performed by or under the directsupervision of officers, directors or trustees, or key employees to a management company or other person? .

4 Did the organization make any significant changes to its organizational documents since the prior Form 990 was filed?5 Did the organization become aware during the year of a material diversion of the organization's assets?6 Does the organization have members or stockholders? . .7a Does the organization have members, stockholders, or other persons who may elect one or more members

of the goveming body?b Are any decisions of the governing body subject to approval by members, stockholders, or other persons? . .

8 Did the organization contemporaneously document the meetings held or written actions undertaken duringthe year by the following:

a The governing body?b Each committee with authority to act on behalf of the governing body?

9a Does the organization have local chapters, branches, or affiliates? .

b If "Yes," does the organization have written policies and procedures governing the activities of such chapters,affiliates, and branches to ensure their operations are consistent with those of the organization?

10 Was a copy of the Form 990 provided to the organization's governing body before it was filed? All organizationsmust describe in Schedule 0 the process, if any, the organization uses to review the Form 990 .

11 Is there any officer, director or trustee, or key employee listed in Part VII, Section A, who cannot be reached atthe organization's mailing address? If "Yes," provide the names and addresses in Schedule 0

Section B. Policies

12a Does the organization have a written conflict of interest policy? If "No," go to line 73- .b Are officers, directors or trustees, and key employees required to disclose annually interests that could give

rise to conflicts?

c Does the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes;"describe in Schedule 0 how this is doneDoes the organization have a written whistleblower policy?Does the organization have a written document retention and destruction policy?Did the process for determining compensation of the following persons include a review and approval byindependent persons, comparability data, and contemporaneous substantiation of the deliberation and decision:

a The organization's CEO, Executive Director, or top management official?

b Other officers or key employees of the organization? ....Describe the process in Schedule O. (see instructions)

16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangementwith a taxable entity during the year? . . . . .

b If "Yes," has the organization adopted a written policy or procedure requiring the organization to evaluateits participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguardthe organization's exempt status with respect to such arrangements? .

131415

Section C. Disclosure

2 .(

3 .(

4 .(

5 .(

6 .(

7a .(

7b .(

8a .(

8b .(

9a .(

9b .(

10 .(

11 .f

Yes No

.(

12a

12b .f

12c .f13 .(

14

17 List the states with which a copy of this Form 990 is required to be filed ~_~~_,!~~~,!,~_I)!~ . . _18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (501 (c){3)s only)

available for public inspection. Indicate how you make these available. Check all that apply.flI Own website 0 Another's website !ZI Upon request

19 Describe in Schedule 0 whether (and if so, how), the organization makes its governing documents, conflict of interestpolicy, and financial statements available to the public.

20 State the name, physical address, and telephone number of the person who possesses the books and records of theorganization: ••. _.J~~~p!! _~:_I?~~_<:~~<:=~J_C;:_c?!.R~!~~E!_C;:_c?!1.~~I?!~~~L,,!~!!g~~_~~~!I.ll_y_I]!Y~_~_'!r!.<l_eA-__1~~9_~_~1_"!:~~~:1_~?~. _

*The University's Finance & Business Office and Office of Investment ManagementForm990 (2008)

are cognizant of joint venture tax requirements. The University currently is drafting apolicy to commit its .ioint venture practices to writing.

Form 990 (2008) Page 7mam'-'C=-o-m-p-e-n-s-a-t,'-o-n-o-f-:--=O'-'ff-=j-c-e-rs-,""'O""'j'-r-ec-t-o-r-s-,-T-ru-s-t-e-e-s-,"-K:-e-y-E=-m-p-'-o-ye-e-s-,-H"---ig-h-e-s-t-C=-o-m-p-e-n-s-a-te-d-:------=--

Employees, and Independent ContractorsSection A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees1a Complete this table for all persons required to be listed. Use Schedule J-2 if additional space is needed.

• List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amountof compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

• List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee)who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from theorganization and any related organizations.

• List all of the organization's former officers, key employees, and highest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations.

• Ust a/l of the organization's former directors or trustees that received, in the capacity as a former director or trustee ofthe organization, more than $10,000 of reportable compensation from the organization and any related organizations.List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highestcompensated employees; and former such persons.o Check this box if the oraanization did not comoensate any officer, director, trustee, or kev emolovee.w ~ ~ ~ ~

Name and Title Average Position (check all that apply) Reportable Reportablehours per 0:; :; 0 " CD:c 6' compensation compensation

week ;;. 9, S: g; ~ .g<g::3 from from relatediii" 5: so. m ~ 0" m!!! the organizations5 ~ 0" ~ "0 l~ organization 0/'I-2/1099-MISC)~ 2 ~ ~ ~ (W-211099-MISC)

en 2' ... "0

~ '" ~m Dlroa.

(F)

Estimatedamount of

othercompensation

from theorganizationand related

organizations

Edward Rendell-r-iustee- ------------ ----- ------------------ ---- ------_1:l.~!"!1~1~_YY.~!~ _Trustee_.J~~_~_9~!s.I~y _Trustee_~~!~t(t?~I)~~~'!!,!,~ _Trustee

-~¥!"!.~~!~-~~~~-~}!"!.-----------------------------------Trustee_1:_~Hf!!"!.~_~~~i_~~!! . _TrusteeAlvin Clemens_______ w _~ • _

Trustee_R~.<!Il~Y_t!.~_g~_~~ _Trustee

_I_r:.~_'=-~I?~~ _Trustee_~'!!~~~!~_~«?R~i~ _TrusteeMarianne Alexander

- ---------- - -- - -- ------ .-------- -- - ---- -- ---. - ---- --- ---TrusteeJesse Arnelle- - -.-- - - - - - - - - - - - _.- - - - - -. - - - - - - - - - - - - - - - - - --. - -- - - - - - --Trusteesteve Garban-. - .--. -- - - --- -~------ ~- -- -- ---- -- - ------ ----- - -- - -- ----Trustee

_~~~~R~_I:i~t:J_~!t:J9~.J_~· _TrusteeDavid Jones- --~---------- ------- -- ---------- --- -- --- ------ ----- ----Trustee

_I:l.~y'i.<!_~9.Y!l_~~ _Trustee

-~~~!-~¥~~~--------------- ---------------------------Trustee

Form 990 (2008)

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) (6) (C) (0) (E) (F)

Name and title Average Position (check all that apply) Reportable Reportable Estimatedhours per 0- ::> a A ~;!; "T1 compensation compensation amount of

week ~~ II> :!l C1> 0 from from related other-c ,,<g. 3_.< ;i o the organizations compensationmCl c: !!1 ~ om ~o c: g: mg- organization (W-2f1099-MISC) from theeeL 'C::> ~ (W-21lO99·MISC) organization, ~ !!!.2 2 C1> 3 and related~ C1> -o

(1) organizations(1) C/) ::>(1) i C/)!!.~

Anne Riley-tr-ustee- ---------------- ------- --------------- ------- .;PaulSuhey-t-r-ustee--------------- --------- ---------------- ------ .;Keith Eckel-'Yrus-tee-------------------------- -------------- ------ .;Samuel Hayes-tiustee- ---- ------------ ----------------- ------ ------ .;Barron HetheringtonTrustee- ----------------- ---------------- ------- ----- .;Betsy HuberTr-ustee- ----------- ------ ---- ------------ ------- ----- .;Keith Masser-t-rustee---------- --------------- ---- ----- ------- ----- .;Carl Shaffer-Trustee------- ----------------------------- ---------- .;James BroadhurstTrustee------- ------------------ --------- ------------ .;Robert Metzgar-t-rustee------- ---------------------------- ------ ----- .;Edward Hintz, Jr.-t-iustee----- -----------. ------------------ ------ ----- .;Edward Junker III-t-rustee------- --------------------------- --.----- ---- .;John Surma-t-rustee----- -------- ---------------. ----- .. ---------- .;1b Total . ~2 Total number of individuals (including those in 1a) who received more than $100,000 in reportable compensation from the

organization ~ 2095

3 Did the organization list any former officer, director or trustee, key employee, or highest compensatedemployee on line 1a? If "Yes,n complete Schedule J for such individual . _ . .

4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation fromthe organization and related organizations greater than $150,000? If "Yes," complete SchedUle J for suchindividual. .

5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization forservices rendered to the organization? If "Yes,n complete Schedule J for such person .... 5 .;

Yes No

Section B. Independent Contractors1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of

compensation from the organization.

tAlName and business address

(BIDescription of services

(e)Compensation

Gilbane Buildin Company, Providence, RI 02903 Construction 57113681Leonard S. Fiore Inc., Altoona, PA 17604 Constuction 15879141McKesson, San Francisco, CA 94104 PharmaceuticalPoole Anderson Constructon, LLC, State College, PA 16803 ConstructionAile heny Power, Greensbur ,PA 15601 Utilities2 Total number of independent contractors (including those in 1) who received more than $100,000 in

compensation from the organization ~ 984

135784481293684311478174

Form 990 (2008)

Form 990 (2008)r-~------~--------------------------~---------r--------r--------(A)

Total revenue

3955239000 2247875000

18 Federated campaigns

b Membership dues. .C Fundraising events 7596745d Related organizations 476222e Government grants (contributions). 1--'-~_...:3:...:1..=:8.::..07:...:2:::0..=:O.::...Of All other contributions,gifts, grants,

and similaramountsnot included above ,--,-l-,--f ---L_--,--17:...:6~6:...:1..!.7.!..7~89 Noncashcontributionsincluded in lines 1a-1f: $h Total. Add lines 1a-tf . . . . .

Business Code

97710279

464523859

2a _~~i~!?_~.~~~_~~~_. .b .~!_~~~~_~_~_~~.t!.~~~~_ _C .~E!~.i~~~.~.~':l~~~.~~':'~~~~.._.d .~~.I~~_~_~~_~~I~!~!y'•.~.t~, _.. _e _~!'l.I~~_~.~~_lI~.~~i.~~.~!. ....f All other program service revenue .9 Total. Add lines 2a-2f . . . . .

900099 1252759000 1252759000541700 727365000 727365000

900099 943583000 9435830007985746611710 472509605

611710 51533000 51533000

3 Investment income (including dividends, interest, andother similar amounts) . . . . . . . . . ~

4 Income from investment of tax-exempt bond proceeds ~5 Royalties. . . . . . .~

(0 Real (ii) Personal

96967000

~CIJ

5

6a Gross Rents f-- __ 4.:.:7:...4:.:3c..:1..::.O.:.:1-1------b Less: rental expenses 1-_...;3::.:5::.:7~2:..::9..:..7:::.B-1------c Rental income or QOss) L-:--_1.:...1:..:7....:0c..:1=23::..L _d Net rental income or (loss). . . . .

7a Grossamountfrom salesof I-(i),:,-I ..=S;:.:ec:.::u.:.::ril:.::ie::..s_+_-,O'-:!.Ii)...:O:.::Ihe=-T_assetsother thaninventory f--...:5...:0=26.:.:4.:.:5;:.:O:..:0c..:O...:O+_

b Less: cost or other basisand sales expenses

c Gain or (loss) . .d Net gain or {loss} . .

sa Gross income from fund raisingevents (not including $ .. .7..~~J~HS.of contributions reported on line 1c).See Part IV, line 18. . . . . , a 1--__ .:..::.;:....::..:;..::..

b Less: direct expenses . . . . b L-- __ =-=..cc=....:..

C Net income or (loss) from fundraising e.,.:.v..::.en:..::t=s-=.--.:........:~

9a Gross income from gaming activities.See Part IV, line 19. . . . . . a 1-- _

b Less: direct expenses. . . . . b '-:- -:-_c Net income or (loss) from gaming activities........--"":""":"--

Gross sales of inventory, lessreturns and allowances. . . . a 1--_":::'::''=''::'':::'''':'':;''::''

b Less: cost of goods sold b L-_-=":"::":='::"::'C Net income or (loss) from sales of invento

10a

Miscellaneous Revenue Business Code

Miscellaneous income 900099~~~~--+_--~~~~--------_4------~...:..::.+_--~:.::c..:=:..:::.:11ab

7285956 1202868044

c __ _ __.__d All other revenue . . . • , . .e Total. Add lines 11a-11d . . . . . . . . ~

12 Total Revenue. Add lines 1h. 2g, 3, 4, 5, 6d, 7d, Be,9c, 10c, and 11e . . . . . . . . . . . ~

Form 990 (2008)

Form 990 (200B) Page 10

ImEI Statement of Functional ExpensesSection 501(c)(3) and 501(c)(4) organizations must complete all columns.

All other organizations must complete column (A) but are not required to complete columns (B), (e), and (0).Do not include amounts reported on lines 6b, (AI (B) . (e) (D)..7b 8b 9b and 10b of Part VIII Total expenses Program service Management and Fundralsmg

, J J. ex enses ex enses

1 Grantsand other assistance to governments andorganizations in the U.S. See Part IV, line 21

2 Grants and other assistance to individuals inthe U.S. See Part IV, line 22 . . . . .

3 Grants and other assistance to governments,organizations, and individuals outside theU.S. See Part IV, lines 15 and 16

4 Benefits paid to or for members. . . .5 Compensation of current officers, directors,

trustees, and key employees. . . . .6 Compensationnot included above, to disqualified

persons (as defined under section 4958(n(1)) andpersonsdescribedin section4958(c)(3)(B) . .

7 Other salaries and wages . . . . . .8 Pensionplan contributions (include section 401 (1<)

and section403(b)employercontributions) .9 Other employee benefits . . . .

10 Payroll taxes . . . . . . . .11 Fees for services (non-employees):

a Managementb Legal. . .c Accounting .d Lobbyinge Professionalfundraisingservices.See Part N, line17

f Investment management fees .g Other. . . . . . . .

12 Advertising and promotion.13 Office expenses . . .14 Information technology.15 Royalties16 Occupancy. . . . .17 Travel . . . . . .18 Payments of travel or entertainment expenses

for any federal, state, or local public officials19 Conferences, conventions, and meetings20 Interest . . . . . . . . . . . .21 Payments to affiliates . . . . . . .22 Depreciation, depletion, and amortization.23 Insurance . . . . . . . . . . .

24 Other expenses. Itemize expenses notcovered above. (Expenses grouped togetherand labeled miscellaneous may not exceed5% of total expenses shown on line 25 below.)

a Hospital Expenses

b ~~)~~~~~~~~::::::::::: :::::: .: ..: ::::::::::c ~~~~!~.~.~p.l?!i.~~.~.~~_1!l.~~~.r,i~.J .d f.<:>~~_~.~PJ~!I.~~ _ .e ~J~!>.<?~~.t~ry.~.~p.p~~~~_ _ .f All other expenses .. _. __.. _ .

25 Total functional expenses. Add lines 1 throu h 24f26 Joint Costs. Check here ~ if following

SOP 98-2. Complete this line only if theorganization reported in column (8) joint costsfrom a combined educational campaign andfundraising solicitation . . • . . . .

1113891

126677145

245387

1565900 6396733319465

169077081763795130 1464941260 281946162

116960648 97030554 18460525292663863 242793941 46192703114862699 95290095 18129394

383401 3834014676757 4676757

698742 69874266314 66314

:-~~-~~~.~-§~~~~~~~~10743065 8912199 1696232

11320839 7823694 292111728204337 18655296 761lj23959930770 31698572 27656188

203537 107983 95550117899190 32929219 84924749

57027542 50083056 5433874

36165526 23832151 1122731042903502 35594126 6771879

202216000 167764903 3191772619587000 16250006 3091608

146957036772191443210

134633

5760281932801576011

452271510612

1106066537497

2533371

48416102 46913162

315144349 261453896 49742310 3948142112694649 18585451 94090034 19165

64986036 33929173 167474308902651502062

3181418831827850 13662108654864 68220727179904539 3028949

3763279000 2874782219 847998037 40498743

Form 990 (200B)

Form 990 {2_0_08..:.)--=--:-__ ~ ..:.p.:::ag::..:e-.:..1:...1

Balance Sheet

1

2345

373950000 4

1

(A)Beginning of year

(6)End of year

Cash-non-interest-bearingSavings and temporary cash investments .Pledges and grants receivable, net .Accounts receivable, netReceivables from current and former officers, directors, trustees, keyemployees, or other related parties. Complete Part II of Schedule L .Receivables from other disqualified persons (as defined under section4958(f)(1)} and persons described in section 4958(c)(3)(8). CompletePart II of Schedule L .Notes and loans receivable, netInventories for sale or use .Prepaid expenses and deferred chargesland, buildings, and equipment: cost basis 10a 5265004000Less: accumulated depreciation. CompletePart VI of Schedule D L..1:..:0:.:::b:.L..- __ .!:".22~9~4~6::::8~20~0~O~__ ~=-==4...!=+-__ =~=~Investments-publicly traded securitiesInvestments-other securities. See Part IV, line 11Investments-program-related. See Part IV, line 11Intangible assetsOther assets. See Part IV, line 11 . . . . . . . .Total assets. Add lines 1 throu h 15 (must e ualline 34)

628063000 2 1252619000145699000 3 177059000

407625000

6

789

10ab

111213141516

2732744000 10c 29703220003099657000 11 2305321000

530714000 12 4390660001314

19941000 15 178380007657394000 16 7717377000

383612000 17 39067500018

226075000 19 2342820001022862000 20 1132439000

21

222324

1435391000 25 15564100003067940000 26 3313806000

17181920

li'l 21;g:s 22«I:::;

23242526

Accounts payable and accrued expenses.Grants payableDeferred revenueTax-exempt bond liabilitiesEscrow account liability. Complete Part IV of Schedule DPayables to current and former officers, directors, trustees, keyemployees, highest compensated employees, and disqualifiedpersons. Complete Part /I of Schedule LSecured mortgages and notes payable to unrelated third partiesUnsecured notes and loans payableOther liabilities. Complete Part X of Schedule DTotal liabilities. Add lines 17 through 25 .

1 Accounting method used to prepare the Form 990: 0 Cash I2JAccrual 0 Other2a Were the organization's financial statements compiled or reviewed by an independent accountant?

b Were the organization's financial statements audited by an independent accountant? ....e If "Yes" to lines 2a or 2b, does the organization have a committee that assumes responsibility for oversight of

the audit, review, or compilation of its financial statements and selection of an independent accountant? . .3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in

the Single Audit Act and OMS Circular A-133? .b If "Yes," did the organization undergo the required audit or audits? . . . . . . . . . . . .

1/1sI:«I 27iiiIII 28-g 29a!•..o~30~ 31

32~ 33

34

Organizations that follow SFAS 117, check here ~ !Zl andcomplete lines 27 throu'gh 29, and lines 33 and 34.Unrestricted net assets .Temporarily restricted net assets.Permanently restricted net assetsOrganizations that do not follow SFAS 117, check here ~ 0and complete lines 30 through 34•

Capital stock or trust principal, or current fundsPaid-in or capital surplus, or land, building, or equipment fundRetained earnings, endowment, accumulated income, or other fundsTotal net assets or fund balancesTotal liabilities and net assets/fund balances

30313233

77173770007657394000 34Financial Statements and Re ortin

2c .;

3a .;3b IForm 990 (2008)

SCHEDULE A(Form 990 or 990-EZ) Public Charity Status and Public Support

To be completed by all section 501 (c)(3)organizations and section 4947{a)(1)nonexempt charitable trusts.

~ Attach to Form 990 or Form 990-EZ. ~ See separate instructions.Department of the TreasuryInternal Revenue Service

OMB No. 1545-0047

~©08Open to Public

InspectionName of the organization Employer identification number

The Penns (vania State University 24 6000376Reason for Public Chari art. see instructions

The organization is not a private foundation because it is: (Please check only one organization.)1 0 A church, convention of churches, or association of churches described in section 170(b)(1)(A)(O.2 0 A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)3 0 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). (Attach Schedule H.)4 0 A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the

hospital's name, city, and state: . . . .. .. . . _

SOAn organization operated for the benefit of a college or university owned or operated by a governmental unit described insection 170(b)(1)(A)Ov). (Complete Part II.)

6 IZI A federal, sta1e, or local government or governmental unit described in section 170(b)(1)(A)(v).7 0 An organization that normally receives a substantial part of its support from a govemmental unit or from the general public

described in section 170(b)(1)(A)(vij. (Complete Part 11.)BOA community trust described in section 170(b)(1)(A)(vi}. (Complete Part II.)9 0 An organization that normally receives: (1) more than 33'13% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions-subject to certain exceptions. and (2) no more than 33'1.1% of itssupport from gross investment income and unrelated business taxable income Oess section 511 tax) from businessesacquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part 111.)

10 0 An organization organized and operated exclusively to test for public safety. See section 509(a)(4). (see instructions)11 0 An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the

purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509{a){2). See section509(a){3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.a 0 Type I b 0 Type II c 0 Type III-Functionally integrated d 0 Type III-Other

e 0 By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualifiedpersons other than foundation managers and other than one or more publicly supported organizations described in section509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supportingorganization, Check this box . . . . . . . . . . . . . . . . . . . . . . . . . . . 0Since August 17,2006, has the organization accepted any gift or contribution from any of thefollowing persons?(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)

and (iii) below, the governing body of the supported organization?{ii} A family member of a person described in (i) above? . . . . . . . . .(iii) A 35% controlled entity of a person described in (i) or (ii) above? . . . . .

h Provide the followin information about the or anizations the or anization sup orts.

f

9

Yes No

11g(il119(;011g~ii)

(i) Name of supported (iij EIN (iiil Type of organization fovlls the organization (v) Did you notifyorganization (described on lines 1-9 in col. (ij listed in your the organization in

above or IRe section governing document? col. (il of your(see instructions)) support?

Yes No Yes No

(vI) Is theorganization in col.(i) organized in the

U.S.?

Yes

(viiI Amount ofsupport

No

Total

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 11285F Schedule A (Form 990 or 99O-EZ) 2008

Schedule A (Form 990 or 99O-Ell 2008 Page 2ImlI Support Schedule for Organizations Described in Sections 170(b)(1)(A){iv)and 170(b)(1)(A)(vi)

(Complete only if you checked the box on line 5, 7, or 8 of Part I.)Section A. Public Support

Calendar year (or fiscal year beginning in) ••. (a) 2004 (b) 2005 (e) 2006 (d) 2007 (e) 2008 (f) Total

Gifts, grants, contributions, andmembership fees received. (Do notinclude any 'unusual grants.')

2 Tax revenues levied for the organization'sbenefit and either paid to or expended onits behalf

3 The value of services or facilitiesfurnished by a governmental unit to theorganization without charge

4 Total. Add lines 1-3 .5 The portion of total contributions by each

person (other than a govemmental unit orpublicly supported organization) includedon line 1 that exceeds 2% of the amountshown on line 11, column (f) • • . .

6 Public su port. Subtract line 5 from line 4.Section B. Total SUDDort

Calendar year (or fiscal year beginning in) ••• (a) 2004 (b) 2005 . (e) 2006 (d) 2007 (e) 2008 If) Total

7 Amounts from line 48 Gross income from interest, dividends,

payments received on securities loans,rents, royalties and income from similarsources

9' Net income from unrelated businessactivities, whether or not the business isregularly carried on

10 Other income. Do not include gain orloss from the sale of capital assets(Explain in Part IV.)

11 Total support. Add lines 7 through 10 ~~~~~;~ ~~~~~~~~ ~~~~~~. ~~-:~~~~~~~~-:z=:~rfg~~~~

12 Gross receipts from related activities, etc. (see instructions) 12 I13 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501{C)~

organization, Check this box and stop here . . . . . . . • • . . . . . . . . . . . . . . .. 0Section C. Com utation of Public Su ort Percenta e14 Public support percentage for 2008 (line 6, column (f) divided by line 11, column (f)) 14 %

15 Public support percentage from 2007 Schedule A, Part IV-A, line 26f 15 %l6a 33% % support test-200a. If the organization did not check the box on line 13, and line 14 is 33'/3 % or more, check this box

and stop here. The organization qualifies as a publicly supported organization ••. 0b 33% % support test-2oo7. If the organization did not check a box on line 13 or 16a, and line 15 is 33'1.. % or more, check this

box and stop here. The organization qualifies as a publicly supported organization . .••. 017a 10%-facts-and-circumstances test-2008. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or

more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part IV how theorganization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization. . •••. 0

b 10%-facts·and·circumstances test-2007, If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% ormore, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part IV how theorganization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization . . . . .••. 0

18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions ~ 0

Schedule A (Form 990 or 990-EZ) 2008

Schedule A (Form 990 or 99D-EZ) 2008

ImIII Support Schedule for Organizations Described in Section 509(a)(2}(Complete only if you checked the box on line 9 of Part I.)

Page 3

Section A. Public SupportCalendar year (or fiscal year beginning in) ~ (a) 2004 (b) 2005 (c) 2006 (d) 2007 (e) 2008 (1) Total

1 Gifts, grants, contributions, andmembership fees received. (Do not includeany "unusual grants.")

2 Gross receipts from admissions, merchandisesold or services performed, or facilities )

furniShed in any activity that is related to theorganization's tax-exempt purpose

3 Gross receipts from activities that are not anunrelatedtradeor businessunder section513

4 Tax revenues levied for the organization'sbenefit and either paid to or expended onits behalf

5 The value of services or facilitiesfurnished by a governmental unit to theorganization without charge

6 Total. Add lines 1-5

7a Amounts included on lines 1, 2, and 3received from disqualified persons

b Amounts included on lines 2 and 3received from other than disqualifiedpersons that exceed the greater of 1% ofthe total of lines 9, 1Oc, 11, and 12 for theyear or $5,000

c Add lines 7a and 7b8 Public support (Subtract line 7c from

line 6.) . . . . . . ~~~1il~~~~~:~~~~~~!~~Thl~:~~~b.~~~~ ;~~~~E~~~~~~~~~~~Section B Total Support

."

Calendar year (or fiscal year beginning in) ~ (a) 2004 (b) 2005 (e) 2006 (d) 2007 (e) 2008 (1) Total

9 Amounts from line 610a Gross income from interest, dividends,

payments received on securities loans,rents, royalties and income from similarsources

b Unrelated business taxable income (lesssection 511 taxes) from businessesacquired after June 3D, 1975

e Add lines 10a and 10b11 Net income from unrelated business

activities not included in line 10b,whether or not the business is regularlycarried on

12 Other income. Do not include gain orloss from the sale of capital assets(Explain in Part IV.)

13 Total support, (Add lines 9, 10e, 11. "

and 12.). . . . . . . . . . ~~;~~-::~~ ~~~~ ~€.§t-~~.;~ ~~~ ~~:::~~~~14 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3)

organization, check this box and stop here ~ 0Section C. Computation of Public Support Percentage15 Public support percentage for 2008 Oine 8, column (f) divided by line 13, column (f) %16 Public support ercenta e from 2007 Schedule A, Part IV-A, line 27g . %Section D. Computation of Investment Income Percenta e17 Investment income percentage for 2008 (line toe, column (f) divided by line 13, column (f) %18 Investment income percentage from 2007 Schedule A. Part IV-A, line 27h 18 %19a 33'13 % support tests-Z006.lfthe organization did not check the box on line 14, and line 15 is more than 33113 %, and line

17 is not more than 33% %, check this box and stop here. The organization qualifies as a publicly supported organization ~ 0b 33% % support tests-2007. If the organization did not check a box on line 14 or fine 19a, and line 16 is more than 33'13 %, and

line 18 is not more than 33% %, check this box and stop here. The organization qualifies as a publicly supported organization ~ 020 Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ~ 0


Schedule A (Form 990 or 990-EZ) 2008 Page 4IUIN Supplemental Information. Complete this part to provide the explanation required by Part II, line 10;

Part II, line 17a or 17b; or Part III, line 12. Provide any other additional information. (see instructions)


SCHEDULE 0(Form 990) Supplemental Financial Statements

OMS No. 1545-0047

~@08Department of the TreasuryInternal Revenue Service

••.Attach to Form 990. To be completed by organizations thatanswered "Ves," to Form 990, Part IV, line 6, 7,8,9, 10, 11, or 12.

Open to PublicInspection

Name of the organization Employer identification number

The Pennsylvania State University 24 : 6000376Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete ifthe orqanization answered "Yes" to Form 990, Part IV, line 6.

(a) Donor advised funds (b) Funds and otheraccounts

1 Total number at end of year2 Aggregate contributions to (during year)3 Aggregate grants from (during year)4 Aggregate value at end of year5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised

funds are the organization's property, subject to the organization's exclusive legal control? . DYes D No6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be

used only for charitable purposes and not for the benefit of the donor or donor advisor or otherimpermissible private benefit? . . . . . DYes D No

_ Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.1 Purpose(s) of conservation easements held by the organization (check all that apply).

o Preservation of land for public use (e.g., recreation or pleasure) 0 Preservation of an historically important land areao Protection of natural habitat 0 Preservation of certified historic structureo Preservation of open space

2 Complete lines 2a-2d if the organization held a qualified conservation contribution in the form of a conservation easementon the last day of the tax year.

Held at the End of the Year

a Total number of conservation easements. . . . . r-=2:.:::a+ _b Total acreage restricted by conservation easements. r-=2=b+ _c Number of conservation easements on a certified historic structure included in (a) . r-=2::::c+ _d Number of conservation easements included in (c) acquired after 8/17/06. L.=:2""d-.L _

3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization duringthe taxable year ~ _

4 Number of states where property subject to conservation easement is located ~ _

5 Does the organization have a written policy regarding the periodic monitoring, inspection, violations, andenforcement of the conservation easements it holds? DYes D No

6 Staff or volunteer hours devoted to monitoring, inspecting, and enforcing easements during the year~ _7 Amount of expenses incurred in monitoring, inspecting, and enforcing easements during the year s- $ _8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section

170(h)(4)(B)(i)and section 170(h)(4)(B)(ii)? . . . . . 0 Yes 0 No9 In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and

balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describesthe organization's accounting for conservation easements.

ImlD Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

1a If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works ofart, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,provide, in Part XIV, the text of the footnote to its financial statements that describes these items.

b If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,provide the following amounts relating to these items:(i) Revenues included in Form 990, Part VIII, line 1 . . . ••. $ _._. 3.~~~_(ii) Assets included in Form 990, Part X . . . . ••. $ ~~~~~?_~.

2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide thefollowing amounts required to be reported under SFAS 116 relating to these items:

a Revenues included in Form 990, Part VIII, line 1b Assets included in Form 990, Part X

••. $ ------------------------~ $-------------------------

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 52283D Schedule D (Form 990) 2008

Schedule 0 (Form 990) 2008 Page 2ImIII Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

3 Using the organization's accession and other records, check any of the following that are a significant use of its collectionitems (check all that apply):

a [Z] Public exhibitionb [Z] Scholarly researchc [Z] Preservation for future generations

4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose inPart XIV. .

d [Z]e 0 Loan or exchange programs

Other ........•...........................................

5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar 0 r71assets to be sold to raise funds rather than to be maintained as part of the organization's collection? . . Yes IiJ NoI:mD Trust, Escrow and Custodial Arrangements. Complete if organization answered "Yes" to Form 990,

Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

1a Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets notincluded on Form 990, Part X? . . . . . . . . . . . . . . . . . . . _ . . . . _ 0 Yes 0 No

b If "Yes," explain the arrangement in Part XIV and complete the following table:

c Beginning balance . . .d Additions during the year .e Distributions during the year

Ending balance _ . . .Did the organization include an amount on Form 990, Part X, line 21?If "Yes," ex lain the arran ement in Part XIV.

Endowment Funds. Com lete if or anization answered "Yes" to Form 990, Part IV, line 10.

Amount1c

1d1e1f

DYes 0 No

611920321a Beginning of year balance. .b Contributions _ _ . . . .c Investment eamings or lossesd Grants or scholarships. . .e Other expenditures for facilities

and programs. . . .f Administrative expenses9 End of year balance. . 1171975780

2 Provide the estimated percentage of the year end balance held as:a Board designated or quasi-endowment ~ .... _.~.4 %b Permanent endowment ~ .. !JL....%c Term endowment ~ __. __... __. %

3a Are there endowment funds not in the possession of the organization that are held and administered for theorganization by:(ij unrelated organizations . _ . . _ . . . . . . . . . . . . _(ii) related organizations _ . . . . . . . . . . . _ . . . . . .

b If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R?4 Describe in Part XIV the intended uses of the organization's endowment funds

tal Current year (b) Prior year (e) Two years back (d) Three years back (e) Four years back

1506319935

(319399272)(65145841)

(10991074)

Yes No3a(i) ,f3a(m ,f3b

.. Investments-Land, Buildings, and Equipment. See Form 990, Part X, line 10 .Description of investment (a) Cost or other basis (b) Cost or other (el Depreciation (d) Book value

(investment) basis (other)

1a Land 103108000 ~~~~-:!2;~' 10318000b Buildings. 3795427000 1687228495 2108198505c Leasehold improvements 474560000 210962075 263597925d Equipment 891909000 396491430 495417570e Other.

Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(e).) ~ 2970322000Schedule 0 (Form 990) 2008

Schedule 0 (Form 99D) 2008

Invesbnents-Other Securities. See Form 990 Part X line 12.Page 3

(a) Description of security or category (b) Book value(including name of security)

(e) Method of valuation:Cost or end-of-year market value

Financialderivativesand other financial products.Closely-held equity interests .Other -------------------------------------------------+----------t---------:-----------_~~!y~~~_~~_~!~~~ +-4""3:.=9..::c0.::.66=::O=..:O~O'__ +e:..::.n:.:d:....-o=-f:....-y'-e::.:a::.:r-=m.:..:.=a:....:rk.:.:e:..:.t-=v-=ac..:1uc..:e=-- _

----------------------------------------------------_.---+---------/----------------------------------------------------------------------------+--------+------------------------------------------------------------------------+---------1-----------------------------------------------------------------------------1----------+--------------------------------------------------------------------------_.\---------+---------------------------------------------------------------_._---------\---------+------------------------------------_._------------------------------------+---------+-----------------

Total.(Column (hi should equal Fonn 990, Part X, col. (8) line 12.) ~ 439066000Investments-Pro ram Related. See Form 990, Part X, line 13.

(a) Description of Investment type (e) Method of valuation:Cost or end-of-year market value

(b) Book value

Total.(Column (hi should equat Form 990, Part X. col. (8) nne 13.)•OtherAssets.See Form 990, Part X, line 15.

Deferred bond costs net 6813000(a) Description

•• 17838000

(bl Book value

Beneficial interest in er etual trusts 11025000

Total. (Column (b) should equal Form 990, Part X, col. (B) line 15.Other liabilities. See Form 990, Part X, line 25.

Federal income taxesPresent value of annuities a able

(a) Description of liability (b) Amount

36966000Accrued ostretirement benefits 1044185000Liabili under securities lend in ro ram 253696000

46018000Refundable US Government student loansDe osits held in custud of others

44169000

Other liabilities 131376000

Total.(Column (b) should equal Fonn 990, Part X,col. (8)line 25.)• 1556410000In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability foruncertain tax positions under FIN 48.

Schedule 0 (Form 990) 2008

Schedule D (Form 990) 2008

Reconciliation of Chan e in Net Assets from Form 990 to Financial StatementsPage 4

Total revenue (Form 990, Part VIII, column (A), line 12) . 1--'1=---t -=3:::.95=.:5:.:2:.=3.::.90:::.0:.:0'-Total expenses (Form 990, Part IX, column (A), line 25) . f-.!:2'-+__ ----.:3:..:7~6::::.32=-7:..::9:.:::0.:::00~Excess or (deficit) for the year. Subtract line 2 from line 1 ~3~ --.:.1=-91.:...:9:.:6:.:::0.=.OO::.:O=-Net unrealized gains (losses)on investments f---'-4!.-f ..!.:(3:...:7..;..7.::.84.c.c3:..:0:..::0.::.0,-)Donated services and use of facilities . 1--'5=----f---'--------Investment expenses ~6:........f---'- _

Prior period adjustments . . . . . ~7'----f _Other (Describe in Part XIV) . . . . 1--=8=-:1---- _Total adjustments (net). Add lines 4-8. . . . . . . . . . . . . . f-"9=---t .>.=..:..::..,:=:.::..::..LExcess or deficit for the ear er financial statements. Combine lines 3 and 9 10 (185883000)

Reconciliation of Revenue per Audited Financial Statements With Revenue per Return

2a

1 Total revenue, gains, and other support per audited financial statements . ..... 1 35773960002 Amounts included on line 1 but not on Form 990, Part VIII, line 12:a Net unrealized gains on investments .b Donated services and use of facilities .c Recoveries of prior year grantsd Other (Describe in Part XIV)e Add lines 2a through 2d

3 Subtract line 2e from line 14 Amounts included on Form 990, Part VIII, line 12, but not on line 1:

a Investment expenses not included on Form 990, Part VIII, line 7b 1----=4=a-l- _b Other (Describe in Part XIV) . . . . . . . . . . . . . . l.-'4.:::.b...l- _C Add lines 4a and 4b . . . . . . . . . . . . . . .. .....

5 Total revenue. Add lines 3 and 4c. (This should equal Form 990, Part I. line 12.). . . . .Reconciliation of Ex enses per Audited Financial Statements With E

2c2b

2d

1 Total expenses and losses per audited financial statements . . . . .2 Amounts included on line 1 but not on Form 990, Part IX, line 25:a Donated services and use of facilities. . .b Prior year adjustments. . . . . . . .c Losses reported on Form 990, Part IX, line 25d Other (Describe in Part XIV)e Add lines 2a through 2d

3 Subtract line 2e from line 14 Amounts included on Form 990, Part IX. line 25, but not on line 1:a Investment expenses not included on Form 990, Part VIII. line 7bb Other (Describe in Part XIV) . . . . . . . . . . . . .

Add lines 4a and 4b .Total ex enses. Add lines 3 and 4c. his should e ual Form 990. Part I. line 18.

Su lemental Information

2b2a

2c2d

4a4b

3763279000

Complete this part to provide the descriptions required for Part II. lines 3. 5, and 9; Part III, lines 1a and 4; Part IV, lines 1band 2b; Part V, line 4; Part X; Part Xl, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b.

Part III - The Palmer Museum of Art on the Penn State University Park campus is a free-admission arts resource for

PSU and surrounding communities in central Pennsylvania. The museum offers an ever-changing array of exhibitions

and displays of its permanent collection. With eleven galleries, a print-study room, iSO-seat auditorium, and outdoor

sculpture garden, the Palmer Museum is a unique -cultural resource for residents of and visitors to the region. The

Palmer Museum supports the educational mission ofthe School of Art as well as the entire University and the

University's community benefit mission.


SChedule 0 (Form 990) 2008

IiZII:n!J Supplemental Information (continued)

Part V • Each endowed gift to Penn State is formalized through the creation of guidelines, specific to that

Page 5

endowment, which provide an opportunity for donors to express their intentions for how the gift is to be

directed and used by the University. Guidelines are created for the student, faculty, and program support and

indicate the particular college, campus, or program to benefit from the endowed fund.


Department of the TreasuryInternaJ Revenue Service

~ To be completed by organizations thatanswer "Yes" to Form 990, Part IV, line 13, or Form 990-EZ, Part VI, line 48.

~ Attach to Form 990 or Form 990-EZ.

SchoolsSCHEDULE E(Form 990 or goo-EZ)

Name of the organization

The Pennsylvania State Universit

OMS No. 1545-0047

~@08Open to PublicInspection

Employer identification number

24 : 6000376YES NO

4 Does the organization maintain the following?a Records indicating the racial composition of the student body, faculty, and adrnlnlstrativestaff? . 4a.(b Records documenting that scholarships and other financial assistance are awarded on a racially

nondiscriminatory basis? . . . . . 4b .(c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing

with student admissions, programs, and scholarships? . . . . .d Copies of all material used by the organization or on its behalf to solicit contributions? .

If you answered "No" to any of the above, please explain. (If you need more space, attach a separatestatement.)

h Other extracurricular activities? 5h .(If you answered "Yes" to any of the above, please explain. (If you need more space, attach a separatestatement.)

Does the organization have a racially nondiscriminatory policy toward students by statement in its charter,bylaws, other governing instrument, or in a resolution of its governing body?

2 Does the organization include a statement of its racially nondiscriminatory policy toward students in all itsbrochures, catalogues, and other written communications with the public dealing with student admissions,programs, and scholarships? . . . . .

3 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast mediaduring the period of solicitation for students, or during the registration period if it has no solicitation program,in a way that makes the policy known to all parts of the general community it serves? If "Yes," pleasedescribe. If "No," please explain . . . .

5 Does the organization discriminate by race in any way with respect to:a Students' rights or privileges?

b Admissions poflcies?

c Employment of faculty or administrative staff?

d Scholarships or other financial assistance?

e Educational policies'?

f Use of facilities? .

9 Athletic programs?

6a Does the organization receive any financial aid or assistance from a governmental agency?b Has the organization's right to such aid ever been revoked or suspended? .

If you answered "Yes" to either line 6a or line 6b, please explain using"an attached statement.7 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through

4.05 of Rev. Proc. 75-50,1975-2 C.B. 587, covering racial nondiscrimination? If "No," attach an explanation.

For Privacy Act and Paperwork Reduction Act Notice, see the InstructiOlJS for Form 990. Cat. No. 500850 Schedule E (Form 990 or 990-EZ) 2008

5a

5b

.;5c

5d

5e

5f

5g

Schedule F(Form 990) ~@08Statement of Activities Outside the United States OMB No. 1545-0047

~ Attach to Fonn 990. Complete if the organization answered "Yes" toForm 990, Part IV•.line 14b, line 15, or line 16.


Department of the TreasuryInternal Revenue Service

Name of the organization Employer Identification number

The Penns Ivania State Universi 24 6000376General Information on Activities Outside the United States. Complete if the organization answered"Yes" to Form 990, Part IV, line 14b.

1 For grantmakers. Does the organization maintain records to substantiate the amount of the grants orassistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to awardthe grants or assistance? . . . . . 0 Yes 0 No

2 For grantmakers. Describe in Part IV the organization's procedures for monitoring the use of grant funds outside theUnited States.

3 Activities per Region (Use Schedule F-1 (Form 990) if additional space is needed}

(a) Region (b) Number of (e) Number of (eI) Activitiesconducted in (e) If activity listed in (d) is (f) Totaloffices in the employees or region{by type} (i.e., a program service, expenditures in

region agents in fundraising,programservices, describe specific type of regionregion grants to recipientslocated in service(s) in region

the region)

Europe 1 6 program services educational program 1566993

Totals ~ 1

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50082W Schedule F (Form 990) 2008

Schedule F (Fonn 990) 2008 Page 2IiZlIIII Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,

Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000. . . . . . ~ 0Use Schedule F·1 (Form 990) if additional space is needed.

it; ....

1 (e) Region(b) IRS code sectionand EIN (if applicable)(a) Name of organization (e) Amount of

cash grant(f) Manner of

cashdisbursement

(g) Amount ofnon-cash

assistance(d) Purpose of

grant(h) Description I Ii) Method of

of non-cash valuationassistance (book. FMV,

appraisal,r'

2 Enter total number of organizations that are recognized as charities by the foreign country or for which the grantee or counsel hasprovided a section 501(c)(3) equivalency letter. . ~Enter total number of other organizations or entities . • . . • . . . . . . . . . . . . . . . . . . . . . . ••3

Schedule F (Form 990) 2008

.................................................. __ ;; - _ _ .." .

Schedule F (Form 990) 2008 Page 3II!III1I Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.

Use Schedule F-1 (Form 990) if additional space is needed(e) Manner of (f) Amount of (9) Descrtption (h) Method of(e) Number of (d) Amount of cash non-cash of non-cash valuation(a) Type of grant or assistance (b) Region recipients cash grant disbursement assistance assistance (book. FMV.

ap~~~~al.

Student Aid for Penn State enrollees Sub-Saharan Africa 19 195765 deposits

East Asia and the Pacific 181 1864921 deposits

Central America & Caribbean 1 10303 deposits

Europe 1218 12549582 deposits

South America112 1153985 deposits

Middle East and North Africa 48 494565 deposits

North America10 103034 deposits

- --


Schedule F (Form 990) 2008 Page 4I:imIIl!I Supplemental Information

Complete this part to provide the information required in Part I, line 2. and any other additional information.

University aid is passed from the University to the Penn State program abroad, which has been visited and evaluated by

appropriate University personnel prior to student enrollment. Students participating on a non-Perm State program cannot


SCHEDULE G(Form 990 or 990·EZ)

Supplemental Information RegardingFundraising or Gaming Activities

~ Attach to Form 990 or Form 99O-EZ.Must be completed by organizations that answer ·Yes"to Form 990, Part IV, lines 17,18, or 19, and by organizations that enter more than $15,000 on Form 99O·EZ, line63.

OMS No. 1545-0047

~©08Department of the TreasuryInternal Revenue Service

Open To PublicInspection



Employer Identification number

24 : 6000376

I@II Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.

1 Indicate whether the organization raised funds through any of the following activities. Check all that apply.a GZlMail solicitations e III Solicitation of non-government grantsb [Z] Email solicitations f III Solicitation of government grantsc [Z] Phone solicitations 9 III Special fundraising eventsd GZlIn-person solicitations

2a Did the organization have a written or oral agreement with any individual (including officers, directors, trusteesor key employees listed in Form 990, Part VII) or entity in connection with professional fund raising services? 0 Yes [Z] No

b If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser isto be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.

(i) Name of individual (ii) Activity (Iii) Did fundraiser have (Iv) Gross receipts (v) Amount paid to (vi) Amount paid toor entity (fundraiser) custody or control of from activity (or retained by) (or retained by)

contributions? fund raiser listed in organizationcol, (i)

Yes No

Total ~3 List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from

registration or licensing.PA

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50083H Schedule G (Form 990 or 990-EZJ 2008

Schedule G (Form 990 or 990-Ell 2008 Page 2ImII Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported

more than $15 000 on Form 990-EZ fine 6a list events with gross receipts greater than $5 000., , ,(a) Event #1 (b) Event #2 (el other Events (d) Total Events

Thon Miracle Ball eight {Add eol. tal through(eventtype) (eventtype) (total number)

cor, (el)Q);:Ic:(l) 1 Grossreceipts . 7596745 140000 297895 8034640ii>cr. 2 Less: Charitable

contributions 7596745 75967453 Gross revenue (line 1

minus line 2) 0 140000 297895 437895

4 Cash prizes

IIIQ) 5 Non-cash prizes .'"c:Q)0.x 6 Rent/facility costsUJ

13~ 7 Other direct expenses 408827 46968 131478 5872740

8 Direct expense summary. Add lines 4 through 7 in column (d) ~ ( 587274)

iii9 Net income summary. Combine lines 3 and 8 in column (d) . . . . . . . . . . . ~ (149379)

IlIIIf Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported morethan $15,000 on Form 990-EZ, line 6a.

(b) Pull tabsllnstantbingo/progressive bingo

(d) Total gaming (Addcol. la) through col. (e»)

Q);:IcQ)

1i'icr: 1 Gross revenue

Cfl 2 Cash prizesQ)IIIc:Q)0.

3 Non-cash prizesxwti~ 4 Rent/facility costs0

~ 5 Other direct expenses

6 Volunteer labor

(a) Bingo (e) Other gaming

DYeso No% DYes

o No% DYeso No

%

7 Direct expense summary. Add lines 2 through 5 in column (d)

8 Net gaming income summary. Combine lines 1 and 7 in column (d)

9 Enter the state(s) in which the organization operates gaming activities: .a Is the organization licensed to operate gaming activities in each of these states? _ . . . . . . .b If "No," Explain:

10a Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year?b If "Yes," Explain:

11 Does the organization operate gaming activities with nonmembers? . . . . . . . . . . . .12 Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? 12Schedule G (Form 990 or 990-EZ) 2008

Schedule G (Form 990 or 990-EZ) 2008

13 Indicate the percentage of gaming activity operated in:a The organization's facility. . . . .. 138 %b An outside facility . . . . . . . . 13b %

14 Provide the name and address of the person who prepares the organization's gaming/special events booksand records:

Name ~ ..•.....• _......•..•... _..• •.••.............•........... .. _•.. __. .....•• _.. _...•.. . .

Address ~ ._ __. __ __.. ._ _ ._...•...•.•• .•..•.••.. ........•.. __ .

15a Does the organization have a contract with a third party from whom the organization receives gamingrevenue?

b If "Yes," enter the amount of gaming revenue received by the organization ~ $ and theamount of gaming revenue retained by the third party ~ $ _. .

c If "Yes," enter name and address:

Name ~ .....•..... ...•......•.............. __._.. _ _.....•........ _._..•...•.... __._...•..•.•........... _.__.

Address ~ ._ .. .. _.. . .•....•.•. _._.....•.... . . __.• __. __

16 Gaming manager information:

Name ~ __ __. _._.•..•.•............••... . "_' ....•...... _.....•...••..... __..••............•..•. ._

Gaming manager compensation ~ $ .. .

Description of services provided ~ .. .••..•.••.. .•..•..•.•.......•.. _._. ....................••.....•.. _.

D Director/officer D Employee D Independent contractor

17 Mandatory distributions:a Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . .b Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year ~ $Schedule G (Form 990 or 990-EZ) 2008

SCHEDULE H(Form 990) Hospitals

•. To be completed by organi;zations that answer ''Yes'' to Form 990,Part IV, line 20.

•. Attach to Form 990.Open to PublicInspection


~@08OMB No. 1545-0047


6000376Name of the organization

The Pennsylvania State UniversityChari Care and Certain Other Communi Benefits at Cost 0

o Applied uniformly to most hospitals

1a Does the organization have a charity care policy? If "No," skip to question 6a .b If "Yes," is it a written policy? . . . . . . .

2 If the organization has multiple hospitals, indicate which of the following best describes application of thecharity care policy to the various hospitals.o Applied uniformly to aI/ hospitalso Generally tailored to individual hospitals

3 Answer the following based on the charity care eligibility criteria that applies to the largest number of theorganization's patients.

a Doesthe organizationuse FederalPovertyGuidelines(FPG) to determineeligibility for providingfree care to low incomeindividuals?If "Yes," indicate which of the fol/owing is the family income limit for eligibility for free care:o 100% 0 150% 0 200% 0 Other __ %

b Doesthe organizationuse FPG to determineeligibility for providingdiscounted care to low income individuals?If "Yes,"indicatewhichof the following is the famJlt incomelimit for eligibilityfor discountedcare: . . . . . . . . .o 200% 0 250% U 300% 0 350% 0 400% 0 Other %

c If the organization does not use FPG to determine eligibility, describe in Part VI the income based criteria fordetermining eligibility for free or discounted care. Include in the description whether the organization uses anasset test or other threshold, regardless of income, to determine eligibility for free or discounted care.

4 Does the organization's policy provide free or discounted care to the "medically indigent"? . .Sa Does the organization budget amounts for free or discounted care provided under its charity care policy?

b If "Yes," did the organization's charity care expenses exceed the budgeted amount?c If "Yes" to line Sb, as a result of budget considerations, was the organization unable to provide free or

discounted care to a patient who was eligible for free or discounted care?6a Does the organization prepare an annual community benefit report? .

b If "Yes," does the organization make it available to the public? .Complete the following table using the worksheets provided in the Schedule H instructions. Do not submitthese worksheets with the SChedule H.

45a5b

5c6a6b

7 Chari Care and Certain Other Community Benefits at CostCharity Care and (a) Number of (b) Persons (e) Total community (d) Direct offsetting (e) Net community

activities or served benefrt expense revenue benefit expenseMeans-Tested Government programs (optional)

Programs (optional)~-------+--------~----------+-----------+-----------r------a Charitycareat cost (from

Worksheets 1 and 2)

b UnreimbursedMedicaid (fromWorksheet 3. column a) .

C Unreimbursedcosts-othermeans-testedgovemmentprograms(fromWorksheet 3, column b)

d Total CharityCare andMeans-TestedGovernmentPrograms.

(f) Percentof totalexpense

Other Benefitse Communityhealthimprovement

servicesandcommunitybenefitoperations(fromWorksheet4)

f Health professions education(fromWorksheet5) .

9 Subsidizedhealthservices(fromWorksheet6)

h Research(fromWorksheet7) .Cashand In-kindcontributionstocommunitygroups (fromWorksheet8)

j Total OtherBenefitsk Total line 7d and T

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50192T Schedule H (Form 990) 2008

ScheduleH (Form990) 2008 Page 2~ Community Building Activities Complete this table if the organization conducted any community

building activities. (Optional for 2008)(a) Numberof (b) Persons (e) Total community (d) Direct offsetting (e) Net community (f) Percentofactivities or served building expense revenue building expense total expenseprograms (optional)(optionaQ

1 Physical improvements and housinq

2 Economic development3 Community support

4 Environmental imorovements

5 Leadership development and trainingfor community members

6 Coalition building

7 Community health improvementadvocacy

8 Workforce. development9 Other

10 Total.. Bad Debt, Medicare, & Collection Practices (Optional for 2008)

1 Does the organization report bad debt expense in accordance with Healthcare Financial ManagementAssociation Statement No. 15? .

2 Enter the amount of the organization's bad debt expense (at cost) _ _ f--2=-+ _3 Enter the estimated amount of the organization's bad debt expense (at cost) attributable

to patients eligible under the organization's charity care policy. . L3=--.J. _4 Provide in Part VI the text of the footnote to the organization's financial statements that describes bad debt

expense. In addition, describe the costing methodology used in determining the amounts reported on lines2 and 3, or rationale for including other bad debt amounts in community benefit.

Section B. Medicare5 Enter total revenue received from Medicare (including DSH and IME) j-:5=--+ _6 Enter Medicare allowable costs of care relating to payments on line 5 1-6=-+ _7 Enter line 5 less line 6-surplus or (shortfall) _ 1...:..7-'- _

8 Describe in Part VI the extent to which any shortfall reported in line 7 Should be treated as community benefitand the costing methodology or source used to determine the amount reported on line 6, and indicate whichof the following methods was used:

o Cost accounting system 0 Cost to charge ratio 0 OtherSection C. Collection Practices9a Does the organization have a written debt collection policy? r=9=a'--t---t----

b If "Yes," does the organization's collection policy contain provisions on the collection practices to be followedfor patients who are known to qualify for charity care or financial assistance? Describe in Part VI _. 9b

Mana ement Companies and Joint Ventures 0 tional for 2008

Section A. Bad Debt Expense

(a) Nameof entity (b) Descriptionof primaryactivity of entity

(c) Organization's (d) Officers,directors. (el Physicians'profit % or stock trustees,or key proHt% or stock

ownership% employees'profit % ownership %or stock ownership%

123456789

10111213

Schedule H (Form 990) 2008

14

Schedule H (Form S90) 2008

Facility Information (Required for 2008)c G> 0 (i} Q :Xlo '" 2: (I)

Name and address '" ::> '" "" U>

::J '" a: " ,;- <b

'" ~ (iJ 2: a II>rn :> ::> ., C'lc.

3 vi <C g :::rzr <b 5

zr W-o c CDCII

C.00 en g

"0 n· U> "0 en ~~ !!!. "0 ~ :::rpo g 0

U>en "0c ~.ao·!!!.

_p_~~_I}_~tl!!~_M~IJ~~J~:H~!.~~_~Y_M~~!~_<!~~~m~!______________~Jl.(t ~_I)!y_~~j~J~r~~~_B9_C?!!1___________________________________ .; .; .; .; .; .;

Page 3

outpatient physicianclinic, imaging center

m

~c-ociil

Other(Describe)

.;


Schedule H (Form 990) 2008 Page 4Im!lI Supplemental Information (Optional for 2008)Complete this part to provide the following information.

1 Provide the description required for Part I, line 3c; Part I, line 6a; Part I, line 7g; Part I, line 7, column (f); Part I, line 7; Part III,line 4; Part III, line 8; Part III, line 9b, and Part V. See Instructions.

2 Needs assessment. Describe how the organization assesses the health care needs of the communities it serves.

3 Patient education of eligibility for assistance. Describe how the organization informs and educates patients and persons whomay be billed for patient care about their eligibility for assistance under federal, state, or local government programs or underthe organization's charity care policy.

4 Community information. Describe the community the organization serves, taking into account the geographic area anddemographic constituents it serves.

5 Community building activities. Describe how the organization's community building activities, as reported in Part /I, promotethe health of the communities the organization serves.

6 Provide any other information important to describing how the organization's hospitals or other health care facilities further its exemptpurpose by promoting the health of the community (e.g., open medical staff, community board, use of surplus funds, etc.).

7 If the organization is part of an affiliated health care system, describe the respective roles of the organization and its affiliatesin promoting the health of the communities served.

8 If applicable, identify all states with which the organization, or a related organization, files a community benefit report.


SCHEDULE I(Form 990)


IL

Grants and Other Assistance to Organizations,Governments, and Individuals in the U.S.

~ Complete if the organization answered "Yes," on Form 990, Part IV, lines 21 or 22.•• Attach to Form 990.

~@08OMB No. 1545-0047



24: 6000376Name of the organization

The Pennsylvania State Universityi General Information on Grants and Assistance

1 Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, andthe selection criteria used to award the grants or assistance? .•...........•..............•. IIIYes 0 No

2 Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" onForm 990, Part IV, line 21, for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. UsePart IV and Schedule 1-1 (Form 990) if additional space is needed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ 0

1 la) Name and address of organization I (b) EIN I (cIIRC section I lei) Amount of cash grant I (e) Amount of non-cash I ~~M~t~o~l valuatior I (g) Description of I (h) Purpose of grantor govemment if applicable assistance 0, oth~~ppralsa, non-cash assistance or assistance

2 Enter total number of section 501(c)(3) and government organizations3 Enter total number of other orqanlzatlons . . . . . • . . .

••••For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50055P Schedule I (Form 990) 2008

............................•.. -,.

Schedule I (Form 990) 2008 Page 2EIIIIDI Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.Use Schedule 1-1(Form 990) if additional space is needed.

(a) Type of grant or assistance (b) Number of (e) Amount of (d) Amount of (e) Method of valuation (book, (f) Description of non-cash assistancerecipients cash grant non-cash assistance FMV, appraisal, other)

Student Aid for Penn State enrollees 68546 954231857

~ Supplemental Information. Complete this part to provide the information reauired in Part I, line 2, and any other additional information.

_~!I_~!!'~!~!~_p'~~!~!p"~!~~~!!,_,!~I_!~~_~~J~E~~_~~_~~~_~~_~_~!~~!~~~~~.!!!_~~~_PEt!~~~~~·_~~~_,:!~)_~_~~_~~~!~_!~.!!~).!!~_~_~~~c:~_~_c:~~p!)~~_?~~~!_c:,:!!!~!_~~I_~_t_~~_~':1~_~_i~_~!~~~!!._~!~_t~,_

__~~_~_'!!~!l_~~~!_~_~~«:~)~~~~i~~_~!~_~~_!~~_f~~~_~~_!,:!!!!~~~~~c:~t!~,:,_~~~~~!~~_~~~~!_~!~_~_~~_p'~!~~~:>:_~I~~I~~I~~_!~!.!~!=:>_~-'?!~~!~~:>_!:'_~~!!!!~i.!!!_~_~~~~_~_<?_~_~~~_!!."_~~~~~~~':1__

__~~~~_~!:'~!~!?_~~_~~~~~_~!.~~_~P..~!~~~~~?.~_!c.'!_~_*:~_*:~~_~_t_~~_*:~~~~~_~~~~~_~)_~!'!~~X~_~~'_~""_!'!~~_~~~~~_~_~~~~.!!~!!!,!I_~~~_~!~!~_!!~~~~!~~~~:_~~~~!~~_~!~_!!:1_~~~_~!!_l!~~!?!~_

_~~~~~_~~_!~~_~~_~~~~_~~!~_~!~~~~!~~_~.!!l!~~_~_!~~~~_~~!_~i_~!~~~~_t!~_!~~~!_t_~_~~~~:.~!~_~~!~_!~_~_~~:.~~!~!~~_~!'_~~~!_~~_~~:__~~!_~~~~~~~~!~_~~~_~~~~~_~!~~~_'!!_~~~!!~~i~~.. __~~~!!!~!~~_~_~~~~.!!!~~!~_!~_p-1_~c.:~~~_E;!1_~~~~5~~p"1!~~~~_~!~~!~~~~!~~!~!~!_~~~_~<?~~!_I!~~_~~~~~_~~.i~:>_~~':1_~~~~~,-,~I_P"?!~<:!!~' _

Schedule I (Form 990) 2008

SCHEDULE J(Form 990)

For certain Officers, Directors, Trustees, Key Employees, and HighestCompensated Employees

~ Attach to Form 990. To be completed by organizationsthat answered ''Yes" to Form 990, Part IV, line 23.

Compensation Information

Departmentof the TreasuryIntemal Relfenue Service

OMS No. 1545-0047

~@08Open to Public

InspectionName of the organization

The Penns Ivania State UniversityQuestions Regarding Compensation

24 :Employer identification number

6000376

18 Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.III First-class or charter travel III Housing allowance or residence for personal useIII Travel for companions D Payments for business use of personal residenceIII Tax indemnification and gross-up payments III Health or social club dues or initiation feesD Discretionary spending account 121 Personal services (e.g., maid, chauffeur, chef)

b If line 1a is checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all of the expenses described above? If "No," complete Part III to explain . . . . .

2 Did the organization require substantiation prior to reimbursinq or allowing expenses incurred by allofficers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a?

3 Indicate which, if any, of the following the organization uses to establish the compensation of theorganization'S CEO/Executive Director. Check all that apply.III Compensation committee III Written employment contract121 Independent compensation consultant 121 Compensation surveyor studyIII Form 990 of other organizations III Approval by the board or compensation com mitt

4 During the year, did any person listed in Form 990, Part VII, Section A, line 1a:a Receive a severance payment or change of control payment? . . . . . •b Participate in, or receive payment from, a supplemental nonqualified retirement plan? .c Participate in, or receive payment from, an equity-based compensation arrangement?

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501{c)(3} and 501(c}(4) organizations must complete lines 5-8.5 For persons listed in Form 990, Part VII, Section A, line 1a, did the organization payor accrue any

compensation contingent on the revenues of:a The organization? . . . . . . . . .b Any related organization? . . . . . . .

If "Yes" to line 5a or 5b, describe in Part III.6 For persons listed in Form 990, Part VII, Section A, line 1a, did the organization payor accrue any

compensation contingent on the net earnings of:a The organization? • . . . . . . . .b Any related organization? . . . . . . . .

If "Yes" to line 6a or 6b, describe in Part III.7 For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed

payments not described in lines 5 and 6? If "Yes," describe in Part III. . . . . . . . . . .8 Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was

subject to the initial contract exception described in Regs. section 53.4958-4{a){3)? If "Yes," describein Part III

7

8

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Fonn 990. Cat. No. 50053T Schedule J (Form 990) 2008

..

Schedule J (Form 990) 2008 Page 2IDIII Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space is needed. ~:For each Individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in theinstructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.Note. The sum of columns (B)QHiii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.

(A) Name (ij) Bonus & incentivecompensation

(B) Breakdown of W-2 and/or 1099-MISC compensation

Ii) Basecompensation

(ill) Otherreportable

compensation

(e) Deferredcompensation

(0) Nontaxablebenefits

(E) Total of columns(B)(O-(D)

(F) Compensationreported in prior

Form 990 orForm 990-EZ

Graham Spanier (i) ~ ----~~~~_~-I- ---~--_---_-~-------_----_.!_~~_~~_~------ ~~~~~~_~ ------ ---- --~~~~J..---------.?~~~~~-1-. .(ii)

Rodney Erickson 0) ~-- ------ -- --~~ ~-~~~-~--- - ----- - ----.- - ---- ~- ---- -------- --~~~~.l--------------~~~~~-~-------- 1~~~Z~----------~~~-~~-1---- . • .(ii)

Rod Kirsch I(~:)~.-.--.------~~~.~~~--.-.-----------------1- --.--- -- -- -----!~-~~-t-------------_~J_~~q--------------~~~~-~~-------------~!~~~~-1----'----------------..

Harold Paz . (I) ~ .!!~~_~~_~-I---------~~~~-~?-~----_---- !~~~!~_~-- ~!~~L~-----------!?~~!J-.----------~~~~~9-1- ,I Iii)

Eva Pell I ~:} ~--- ---- - ~E!~_~~_~_I-------------- --------~------- --- ----?~~!~-l---------------~?~l--------.1~-~~~~----.--- ----}!~~~-i----------------------.

Gary Schultz I(~~~------ ---- --~~~~9_~-~-------------------- -~------------- ---~~.I!~-l------ 1~t}~_~-~------------ --!~-~~-~~-------------~~~~~~-1--- - --- --- - - - ---- ---- -.

Joseph Paterno ~) ~---- ----- - __~!l_~_~_~ ------- ---- -- ------ --1- --- -- ----- --~~~!~~-~-------------_~Zl:l!l.~_~_---- --- ------ ~~~~~ ~--- --.-. ----!~-~~~?!.1----- . _I Iii)

Robert Harbaugh (i) ~ J~~?~~_I_---------_---~~~-~I:I-~_---- _- . --.i------- -------?11:1!l.~l- -----------_E~!i_~~-------------~-~?J-~~-l---- .(ii)

. Ed Dechellis (i) ~ ~~!..~~~t~-----------------1--- ---- ----- -~?~~-~~-t--------------~.!!~-~~-~----- ~~~~_t}~------- --- ---?-~~~?~f------ .(ii)

Alan Brechbill 0)~ ~~_~~_~_I-----------_--~!~-~~-~_----------------_----l------ --------?!~!!~-~--------------~!~~.~J.-- ---------?_~!l!~~1-- --- .

l(ii}

Peter Dillon I (~:) ~-- -------- --~~~~~-I--------------.!!?~-~?-~--------------.-------l-- ---- --------~!~~~-~--------------~!!~~-'!t------------~-~~!~~i----------------------.

0) ~--- ----- ------- ------ +---- ------ ----- ------1 ------------- ---- -- ---> ---.-- -- -- ---- - -------"- - - - --- -- - --- -- ------Ion ---------- ---- ------ -i ---- ---.-- ----- ----- --.

(I) ~ -1 -------- ---- --- - --1- - ---- ---- - -- ----- ----t --.--.- ----- tOr --- ------- ------- -.-- ;-- - -- - ---- - - --- - - -----1- --- -_- .

I Iii}

(i) ~-- ------ - - ----- ----- - +--- ----- ---- ---- -----1--- ---- --.-- --- --- -.- - t-- ---- -- - ---- -- --- ---+ -------------- ------ -+-- ----- --------------i---------------------..(ii)

(i) ~-- - - --- - -- ---- - -------1------ ----- - --- ----- --i ----- --- ----" --------- t --- --- - ---- --- -- ------~-- - ---- ------ -- -- --- -;-- -- - --- -- - ---- - --- - - -1--- -. - -,,-- - ---.inn

O} f -- ---------- --- - ---- -+---" ----- ------- --- --1 --- ---- - --- ----- ---.-- ~- - --- - -- ----- ------ ---~- ---- - -- -------- ---. -i----------- -----------i-------.--------.-----.(Ii)

NOTE: Schedule J IForm 990) 2008Deferred compensation includes contributions to qualified retirement plans, including those offered to allfull-time University employees by the PA State Employees' Retirement System and TIAA Cref.

u..

Schedule J (Form 990) 2008 Page 3IJIII[I Supplemental InformationComplete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, tb, 4c, Sa, 5b, 6a, 6b, 7, and 8. Also complete this partfor any additional information.

Officers and other University employees utilize charter travel in limited instances where the business advantage Justifies any additional cost incurred. Penn State~ __ •• •• M • __ •••••• ••••• •• ••••• •••••• ••• __ ••• ••• __ ••••••••• •••••••••••• __ ••••••• _~ ••• ••• ••• ••••••••• ••• ••• __ •• •• ••• ••• _

pays for spousal travel expense which serves a legitimate university business purpose. The University indemnified an executive for taxes in 2008 (including a gross-

up payment) relating to travel in connection with the employee's relocation done to satisfy University business requirements. Penn State's President lives in

a university-owned residence that is located near campus. The residence is used for significant university duties. In connection with this business use of the

residence, personal services are provided. In addition, the University pays for a social club membership that Its President and other University personnel use

primarily for business purposes.

Schedule J (Form 990) 2008

SCHEDULE J-2(Form 990)

OMS No. 1545-0047

Continuation Sheet for Form 990 ~@08Department of the Treasury ~ Attach to Form 990 to list additional information for Form 990, Part VII, Section A, line 1a_Intemal RE!IIenue Service


Nameof the Organization Employer Identificationnumber

The Penns Ivania State Universit 24 : 6000376Continuation of Officers, Directors, Trustees, Key Employees, and Highest CompensatedEmployees

(A) (6) (F)Average hours Position (check all that apply)

per week ~5. :> 0 A CO:I: "T1

!!l 3l CD 3 _. 0

~~ g 0 '< ..,'§. 3~ CD -i[! ~oc a 3o~ "0:> a (DO~- !!l. 02 -c 3

* 2" 3: ..,(l)

it :>CD en(D 0>

~

-I

-I

-I -I

-I

-I

.;

-I

-I

-I

-I

-I

-I

-I

Name and Title

Linda Strumpf-frus1:ee-- ------ ------ ---- -------- ----- ----------

Ie) (E)(0)

Reportablecompensation

fromthe

organization(W-211099-MISC)

Estimatedamount of

othercompensation

from theorganizationand related

organ izations

Reportablecompensation

from relatedorganizations

(W-2/1099-MlSC)

_M~c:h~~IJ~~~~~~.r~~I)!~ _Trustee_~~!!~!!l_~p_~!1.i~r _President & Trustee 683660 115726

412702 28266

336060 37178

864383 74038

293017 22347

422891 29198

1079690 30287

779432 45764

676363 33009

674011 45119

625969 48764

_R~~~_~Y_~r:.i~~~~!,! _Exec. VP & ProvostRod Kirsch------ -- ----- ---- --- --- --- --- --- ---- - ----- ---------Sr. VP • DevelopmentHarold Paz

-- - ---- ----- ------- - --- - -- __ A - • _

CEO· Hershev Medical Center_~_'!?.P-~H _Sr. VP • Research

_~~!Y.:_~~_tt~lg _Sr. VP • Finance & Business

_J~~~.P!!f~t~~!1.<? "Head Football Coach

_R<?~~rttt~~!:!.~!-!.9!! " _Chair Dept. of Neurosurgery

_~_~_~~£Q~ln~ _Head Basketball Coach

_~I.!!~_~r~_q!:l_~!I.I. "_Executive Director· MSHMCPeter Dillon- ---_ .. _ ..-- - .. _ .. --_ .. - - - - -- - - _ - ---- ---- - - _ ..---- -- _ ..Chair Deot_ of Suraerv

_~~~<?~~_~h~~_~~_~~I!!P_~~_!!~!!~_~_t!!! _r:.E!~_~~'!~_~_from related cruanizatlons.

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Fonn 990_ Cat. No. 49915E Schedule J-2 (Form 990) 2008

SCHEDULE K(Form 990)

..._.. if

Supplemental Information on Tax-Exempt Bonds

Department of the TreasuryIntemal Revenue Service

~ Attach to Form 990. To be completed by organizations that answered "Yes" to Form 990, Part IV,line 24a. Provide descriptions, explanations, and any additional information on Schedule 0 (Form 990).


The Pennsylvania State UniversiBond Issues (Required for 2008)

OMB No. 1545-0047

~©08Open to PublicInspection


6000376

(f) Description of purpose

138060000 I Construction and renovation

c

No

24

(allssuer name IhIOn(91 Defeased I behan ofissuer

(b) Issuer EIN leI CUSIP II I (d) Date Issued (e) Issue price

A The Pennsylvania State University 24-6000376 I709235TM 2009Yesl No IYesr7.f .;

.;B The Pennsylvania State University 24·6000376 I709235TQ 2009 74235000 I Construction and renovation .;

C The Pennsylvania State Universit' .f24·6000376 I 709235S0 2008 77670000 I Construction and renovation .;

o The Pennsylvania State Unlversl .;24·6000376 I 709235SN

24-6000376 I 709235QG

2008

2007



.;

.; .;

E1 Total proceeds of issue2 Gross proceeds in reserve funds3 Proceeds in refunding or defeasance escrows

A B

No Yes

o

5 Issuance costs from proceeds4 Other unspent proceeds

6 Working capital expenditures from proceeds7 Capital expenditures from proceeds8 Year of substantial completion

9 Werethe bonds issuedas part of a current refundingissue?Yes No Yes Yes No Yes No

10 Were the bonds issued as part of an advancerefundinq issue? .

11 Has the final allocation of proceeds been made? .12 Does the organization maintain adequate books and

records to support the final allocation of proceeds?Private Business Use (Optional for 2008

No1 Was the organization a partner in a partnership, or amember of an LLC, which owned property financed bytax-exempt bonds? .

YesA

NoB

Yes No YesC

Noo

Yes NoE

Yes

2 Are there any leasearrangementswith respectto thefirlancedpropertywhich mayresult in private businessuse?

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990_ Cat. No. 50193E Schedule K (Form 990) 2008

"

Schedule K (Form 990) 2008 Page 2~I Private Business Use (Continued)

A B C 0 E3a Are there any management or service contracts with Yes No Yes No Yes No Yes No Yes No

respect to the financed property which may result inprivate business use?

b Are there any research agreements with respect to thefinanced property which may result in private businessuse? .

c Does the organization routinely engage bond counselor other outside counsel to review any management orservice contracts or research agreements relating tothe financed property? .

4 Enter the percentage of financed property used in aprivate business use by entities other than a section501(c)(3) organization or a state or local government •.. % % % % %

5 Enter the percentage of financed property used in a privatebusiness use as a result of unrelated trade or businessactivity carried on by your organization, another section501(c)(3)organization, or a state or local government . ~ % % % % %

6 Total of lines 4 and 5 % % % % %7 Has the organization adopted management practices

and procedures to ensure the post-issuancecompliance of its tax-exempt bond liabilities?.. Arbitrage (Ootionaf for 2008)

A B C 0 E1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction Yes No Yes No Yes No Yes No Yes No

and Penalty in Lieu of Arbitrage Rebate, been filedwith respect to the bond issue? .

2 Is the bond issue a variable rate issue?

3a Has the organization or the governmental issueridentified a hedge with respect to the bond issue onits books and records? .

b Name of provider.c Term of hedqe

4a Were gross proceeds invested in a GIG? .b Name of provider .c Term of GIGd Was the regulatory safe harbor for establishing the fair

market value of the GIC satisfied? .

5 Were any gross proceeds invested beyond anavailable temporary period?

6 Did the bond issue qualify for an exception to rebate?

ScheclJle K (Form 990) 2008

· ii.

OMB No. 1545-0047SCHEDULE K(Fonn 990) Supplemental Information on Tax-Exempt Bonds ~@08

~ Attach to Fonn 990. To be completed by organizations that answered "Yes" to Fonn 990, Part IV,line 24a. Provide descriptions, explanations, and any additional information on Schedule 0 (Form 990). Open to Public

InspectionDepartment of the Treasurylntemal Revenue Service


24 i 6000376

(hi Onw) DefeasooI behaf ofissuer

(a) Issuer name (e) CUSIP # I lei) Date issued(b) Issuer EIN (e) Issue price If) Description of purpose

Yes INo \Yes17./ .fA The Pennsylvania State University 24-6000376 I709235RD 2007 80025000 I Construction and renovation

B The Pennsylvania State Unlversit .f.f24-6000376 I 709235PJ 2005 98175000 I Construction

C The Pennsylvania State University .fI24-6000376 I 709235NR 2004 62000000 I Construction

D The Pennsylvania State Unlversit .f .f30915000 I Refunding ·1993 series bonds24-6000376 I 709235MX 2003

I.f52-1558022 I 70917PHF 2006 4700000

B CA ED1 Total proceeds of issue2 Gross proceeds in reserve funds3 Proceeds in refunding or defeasance escrows4 Other unspent proceeds5 Issuance costs from proceeds6 Working capital expenditures from proceeds7 Capital expenditures from proceeds8 Year of substantial completion

Yes No Yes No Yes No No Yes NoYes9 Were the bonds issuedas part of a current refunding issue?

10 Were the bonds issued as part of an advancerefundino issue?

11 Has the final allocation of oroceeds been made? _12 Does the organization maintain adequate books and

records to support the final allocation of proceeds? •Private Business Use (Optional for 2008.

EB CA oYes I NoNo Yes Yes I No NoYes No Yes1 Was the organization a partner in a partnership, or a

member of an LLC, which owned property financed bytax-exempt bonds? .

2 Are there any leasearrangementswith respect to thefinanced property which may result in private businessuse?

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule K (Form 990) 2008Cat. No. 50193E

. il,'.

Schedule K (Form 990) 2008 -Private Business Use (Continued)

A B C 0 E

3a Are there any management or service contracts with Yes No Yes No Yes No Yes No Yes Norespect to the financed property which may result inprivate business use?

b Are there any research agreements with respect to thefinanced property which may result in private businessuse? •

c Does the organization routinely engage bond counselor other outside counsel to review any management orservice contracts or research agreements relating tothe financed prooertv? .

4 Enter the percentage of financed property used in aprivate business use by entities other than a section

%501(c)(3)organization or a state or local government ~ % % % %

5 Enter the percentage of financed property used in a privatebusiness use as a result of unrelated trade or businessactivity carried on by your organization, another section501(c)(3)organization, or a state or local government . ~ % % % % %

6 Total of lines 4 and 5 % % % % %

7 Has the organization adopted management practicesand procedures to ensure the post-issuancecompliance of its tax-exempt bond liabilities?.. Arbitraae (ODtional for 2008)

A B C 0 E1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction Yes No Yes No Yes No Yes No Yes No

and Penalty in Lieu of Arbitrage Rebate, been filedwith respect to the bond issue? •


3a Has the organization or the governmental issueridentified a hedge with respect to the bond issue onits books and records? •

b Name of provider .e Term of hedae

4a Were cross oroceeds invested in a GIC? .b Name of provider . .e Term of GICd Was the regulatory safe harbor for establishing the fair

market value of the GIC satisfied? • -5 Were any gross proceeds invested beyond an

available temporary period?


Page 2

c.

Schedule K (Form 990) 2008

SCHEDULE K(Form 990)

ii,

Supplemental Information on Tax-Exempt Bonds ~@08OMS No. 1545-0047

Departmentof the TreasuryImernalRevenueService

• Attach to Form 990. To be completed by organizations that answered "Yes" to Form 990, Part IV,line 24a. Provide descriptions, explanations, and any additional Information on Schedule 0 (Form 990). Open to Public

InspectionName of the organization

(a) Issuername

Employer identification number,24- , 6000376,

(b) IssuerEIN I Ic) CUSIPII I (d) Date issued I (e) Issue price I (f) Descriptionof purpose I{gl Defeased I b~a~~issuer

Yes No IYesl No52·1558022 I 70917NH2 I 2004 I 5600000 I Sprinkler system installation '1 l'23·6760375 550802GS 2008 55000000 Construction , .f

23-6760375 550802GF 2005 15225000 Construction and renovation , ,23-6760375 550802FN 2003 17385000 Refundina • 1993 series , ,f

A PA Higher Ed Facilities Authority

county Authori

EProceeds (Ootional for 2008,

I A I B I c I 0 I E1 Total proceeds of issue2 Gross proceeds in reserve funds3 Proceeds in refunding or defeasance escrows

4 Other unspent proceeds5 Issuance costs from proceeds

6 Working capital expenditures from proceeds7 Capital expenditures from proceeds

8 Year of substantial completion

I Yes I No I Yes I No I Yes I No I Yes I No I Yes INo9 Were the bonds issued as part of a current refunding issue?

10 Were the bonds issued as part of an advancerefunding issue?

11 Has the final allocation of proceeds been made?

12 Does the organization maintain adequate books andrecords to support the final allocation of proceeds?

Private Business Use (Ootional for 2008)-----.-~--

Was the organization a partner in a partnership, or a-I A I B I c I 0 I E

1 Yes I No Yes I No Yes I No Yes I No Yes I No

member of an LLC, which owned property financed bytax-exempt bonds? .

2 Are there any lease arrangements with respect to thefinanced property which may result in private business use?

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50193E Schedule K (Form 990) 2008

"

Schedule K (Form 990) 2008 Page 2~• Private Business Use (Continued)A B C D E

3a Are there any management or service contracts with Yes No Yes No Yes No Yes No Yes Norespect to the financed property which may result inprivate business use?

b Are there any research agreements with respect to thefinanced property which may result in private businessuse? .

c Does the organization routinely engage bond counselor other outside counsel to review any management orservice contracts or research agreements relating tothe financed property? .

4 Enter the percentage of financed property used in aprivate business use by entities other than a section501(c)(3)organization or a state or local government ~ % % % % %

5 Enter the percentage of financed property used in a privatebusiness use as a result of unrelated trade or businessactivity carried on by your organization, another section501(C)(3) organization, or a state or local government . ~ % % % % %

6 Total of lines 4 and 5 % % % % %

7 Has the organization adopted management practicesand procedures to ensure the post-issuancecompliance of its tax-exempt bond liabilities?.. Arbitraae (Ootional for 2008)

A B C D E1 Has a Form 8038- T. Arbitrage Rebate, Yield Reduction Yes No Yes No Yes No Yes No Yes No

and Penalty in Lieu of Arbitrage Rebate, been filedwith respect to the bond issue? .


3a Has the organization or the governmental issueridentified a hedge with respect to the bond issue onits books and records? .

b Name of provider.e Term of hedge

4a Were gross proceeds invested in a GIC? .b Name of provider .e Term ofGICd Was the regulatory safe harbor for establishing the fair

market value of the GIC satisfied? .

5 Were any gross proceeds invested beyond anavailable temporary period?


SchedLile K (Form 990) 2008

Name of the organization Employer identification number

The Pennsylvania State University 24 : 6000376Excess Benefit Transactions (section 501(c)(3) and section 50i(c)(4) organizations oniy).To be completed by organizationsthat answered"Yes" on Form990, Part IV line 25a or 25b, or Form990-EZ, Part V, line 40b.

Transactions With Interested Persons•• Attach to Form 990 or Form 990-EZ.

•• To be completed by organizations that answered"Yes" on Form 990, Part IV, line 25a, 25b, 26, 27, 28a, 28b, or 28c,

or Form 990-EZ, Part V, line 38a or 4Ob.

OMB No. 1545-0047SCHEDULE L(Form 990 or 990·EZ) ~@08Departmentof the TreasuryInternal Revenue Service

Open To PublicInspection

1 (a) Name of disqualified person(elCorrected?

{bJ Description of transactionYes No

2 Enter the amount of tax imposed on the organization managers or disqualified persons during the yearunder section 4958 . •• $ ------

3 Enter the amount of tax, if any, on line 2, above, reimbursed by the organization . •• $ _

Ii!tIIII Loans to and/or F'rom Interested Persons.To be completed by organizationsthat answered"Yes" on Form990, Part IV, line 26, or Form 990-EZ,Part V, line 38a.

From Yes No Yes No Yes No

(a) Name of interested person and purpose (b) Loan to or from • (c) Originalthe organization? principal amount

(d) Balance due (e) In default. {fl Approved (9) Writtenby board or agreement?committee?

To

. ••$Total

To e completed by orqanizations that answered "Yes" on Form 990, Part IV, line 27.

(a) Name of Interested person (b) Relationship between interested person and the {cl Amount of grant or type of assistanceorganization

.. Business Transactions Involving Interested Persons .

Grants or Assistance Benefitting Interested Persons.b

o be completed ov organizations that answered "Yes" on Form 990, Part IV, fine 28a, 28b, or 28c.(a) Name of interested person (b) Relationship between (el Amount of (d) Description of transaction Ie) Sharin{lof

interested person and the transaction organization'Sorqanizanon revenues?

Yes NoSee schedule 0

T

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990, Cat. No. 50056A Schedule L (Form 990 or 99O-EZ) 2008

SCHEDULE M(Form 990)

NonCash ContributionsOMB No. 1545·0047


~©08~ To be completed by organizations that answered "Yes"on Form 990, Part IV, lines 29 or 30.

~ Attach to Form 990.Open To Public

Inspection

12345

6789

1011

1213

14

151617181920

~ 2122232425262728

29

30a

b31

32a

b33


Art-Works of artArt-Historical treasuresArt-Fractional InterestsBooks and publicationsClothing and householdgoodsCars and other vehiclesBoats and planesIntellectual property .Securities-Publicly tradedSecurities-Closely held stockSecurities-Partnership, llC,or trust interests .Securities-MiscellaneousQualified conservationcontribution (historicstructures) . . .Qualified conservationcontribution (other) .Real estate-ResidentialReal estate-CommercialReal estate-0therCollectiblesFood inventoryDrugs and medical suppliesTaxidermy . . .Historical artifactsScientific specimensArcheological artifactsOther ~ ( ..1]9J$.~~.lJr!tili!.!L )Other ~ C )Other ~ C )Other ~ ( )

Employer Identification number

24 : 6000376

(a) (b)Check if Numberof contributions

applicable

(elRevenuesreportedon

Form990. PartVIII,line19

{d}Methodof determining

revenues

15435299 fair market value

fair market value13616058

Number of Forms 8283 received by the organization during the tax year for contributions forwhich the organization completed Form 8283, Part IV, Donee Acknowledgement L..=2==:9'--L .-_.-_

During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 thatit must hold for at least three years from the date of the initial contribution, and which is not required to beused for exempt purposes for the entire holding period? . . . .If "Yes," describe the arrangement in Part II.Does the organization have a gift acceptance policy that requires the review of any non-standardcontributions? .... . . . .Does the organization hire or use third parties or related organizations to solicit, process, or sell noncashcontributions?If "Yes," describe in Part II.If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,describe in Part II.

Cat. No. 51227J Schedule M (Form 990) 2006For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Schedule M (Form 990) 2008 Page 2IDIII Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,

32b, and 33. Also complete this part for any additional information.

-- - - - -- - - - --- --- -- - - - - - -- - - -.- - - -.- - - - - - -- -- - - - - - - - - --- ----- --- ---- ------ - -- --------- - --- --- _.----- - ---- - ----- .--- - --- -:--- ------- - .--- -- - --- ------- - ---

Schedule M (Form 990) 2008

SCHEDULE 0(Form 990) Supplemental Information to Form 990

OMB No. 1545-0047


•. Attach to Form 990. To be completed by organizations to provideadditional information for responses to specific questions for the

Form 990 or to provide any additional information.

~@08Open to PublicInspection




24 i 6000376

_~_~~_YU:~~~_~ ~~~~r!'?_I!~!~_.s_~~_t!?'.:'_?~~!~1@' _

_~_~~_Y~!_l:~'.:'~_~Q_:_~?~~_~~.~_f3_~y~~.~_.. .. __. _. . . . _

'.

_~.c!,,!;>_C?~;>_!J_'.:'~~~~~_!?~!~~_!':'_ ~C?.I'!IE~_'.:':;5~~~C?~~~_~~Y..~: . . . . _

_'='_~~_Y!~y~.!'!_.•..~_:_1?_C?~_I!!':I.!'!~~_~.".<l!~~'?.l!~~~_~C?_!tt~p-~_,?!i_~ . . . . . . _

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 51056K Schedule 0 (Form 990) 2008

Schedule 0 (Form 990) 2008 Page 2Name of the organization Employer identification number

transactions have been fair and reasonable.


'1.11, •

SCHEDULE R(Form 990) Related Organizations and Unrelated Partnerships

OMS No. 1545-0047

~@08~ Attach to Form 990. To be completed by organizations that answered ''Yes'' to Form 990, Part IV,line 33,34,35,36, or 37.

~~~r=~::~u~~Z:Ury ~ See separate instructions.


The Pennsvlvania State Universitv 6000376


ImI Identification of Disregarded Entities

(AIName, address, and EIN of disregarded entity

(F)Direct controlling

entity

(B)Primary activity

(C)Legal domicile (stateor foreign country)

(0)Total income

(E)End·of·year assets

IimIID Identification of Related Tax-Exempt Organizations

(A) (6) (e) (0) (E) (F)Name, address, and EIN of related organization Primary activity Legal domicile (state Exempt Code section Public charity status Direct controlling

or foreign country) (if section 501 (0)(3)) entity

·.:fhe-MittoA-S.·Hershey·MedieaJ.C9flter-26-1854+7~····················· ....Heallhcare PA 501(c)(3) 509(a){1) Penn State Univ.

·.:fhe-Gerperation-for-P9fln-State-~S45002g.2-········-··-·-·-···-···-··- ....Holding company PA 501(c)(3) 509(a)(3) Penn State Univ.

-.penn-State--ReseaFcl1-FoifAda'ion~3435913S·-··-··-----·-··-----··-·-··· ..Research PA 501(c)(3) 509(a)(3) Corp. for PSU

-.peflnsylvania-Goliege-ef·TeehRolegy-23-2664608-··-··-·-.---------·--·-··Education PA 501(c)(3) 509(a){1) Corp. for PSU

-Sen-Fr-aflldln-T 9Gb -Gtr·ef-CentFal-aoo-Nerthem-PA-26-1-6-18093--- --- .. -.. Technology PA 501(c)(3) 509(a)(1) Corp. for PSU

-Nittany- TUIe-Cerpor-ation--2-6-16-18479---.- --.- .. ---. -. ---- -.- ..• -. ----- ----.-- Holding Property PA 501(c){2) Corp. for PSU

--ReeyeliAg.MftFk8t$.centeF·~-2-"'9-1485-- ----. --- --- ... ---.- --.- .. ---. - --.--.Promote Recycling PA 501(c)(3) 509(a)(1} Corp. for PSU

$

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50135Y Schedule R (Fonn 990) 2008

il

Schedule R (Form 990) 2008 Page 2_ Identification of Related Organizations Taxable as a Partnership

IA) (B) (e) (D) (E) (F) (G) (H) (I) (J)Name, address. and EIN of Primary activity Legal Direct controlling Predominant Share of total income Share of end-of-year DlsproportiOO<lte Code V-UBI General or

related organization domicile entity income (related, assets aUocations? amount in box 20 of managing(state or investment, Schedule K-1 partner?foreign unrelated) (Form 1065)

country}

Yes No Yes No---_ ..--- - -_ ..--- -- ---- ..--- --_ ..--- ..--_____ ~ ___ •• _______ •• ____ •• ___ •• __ •••• __ ~ w

.. -_ ..--- --_ .... ----- -_ ...... --- -- ---_ ..--

....-_ ..----- ---_ ..--- -- -- ...•.----_ ....----

._ ........ -_ ..---_ .. --_ .... --- -- -- --_ .. -_ .. _-

... ------ --_ ..-- -- ---_ ..--_ ..--- --_ ..---

.---- .•..---- --- ---_ .. ---_ .. -_ .. --_ ..--- ..

_ Identification of Related Organizations Taxable as a Corporation or Trust

(A) IB) Ie) (0) IE) IF) (G) {H}

Primary activity Legal domicile Direct controlling Type of entity Share of total income Share of PercentageName, address, and EIN of related organiu.tion(state or entity (C corp, S corp, end-ol-year assets ownership

foreign country) or trust)

-Resear.ctl-P-arkMgmt.-Corp..--2s..'\.625696.-----------------.Real Estate PA Corp. for P.S. Ccorp (106024) 1421880 100%

-ResearGh,.Park--Hote~'COFp_.--25-1-&1-lg.18-------------------·Hotel PA Res Park Mgt Ccorp (1174951) 30834705 100%

-Penn-Stale-Hershey..J.lealth-Sy-stem--26-1769611---------·Healthcare PA Corp. for P.5. Ccorp 518087 3620068 100%

-Nittany-lR5ur-aRGe-CempaRy-3§-~+18998----------------- . Insurance PA Corp. for P.S. C corp (11901) 19686322 100%

-PAReseaF6Il.par-k-TeGll.-Cenw--25-1723;a.1S-------------. Condo Mgmt. PA Corp. for P.5. Ccorp 0 0 100%

------ - -- --- --~------ ---- --_ .•.-- ---- --- ..---~--....--_ .. ---- ----- --_ .. --_ .

.. -_ ..---------_ .... ----~-_ ..--- -_ ..------_ ........ -_ .•.....--- ----- ---- ---_ ..---_.

Schedule R (Form 990) 2008

ii ••

SChedule R (Form 990) 2008 Page 3

IDI!II Transactions With Related Organizations

o Reimbursement paid to other organization for expensesp Reimbursement paid by other organization for expenses

././

Note. Complete line 1 if any entity is listed in Parts II, III, or IV.1 During the tax year, did the organization engage in any of tile following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (I) interest (lij annuities (III) royalties (Iv) rent from a controlled entityb Gift, grant, or capital contribution to other organization(s) .c Gift, grant, or capital contribution from other organization(s)d Loans or loan guarantees to or for other organization(s)e Loans or loan guarantees by other organization{s}

./

f Sale of assets to other organization(s)9 Purchase of assets from other organization{s)h Exchange of assets. . . . . . . . .

Lease of facilities. equipment, or other assets to other organization(s}

j Lease of facilities, equipment, or other assets from other organization(s)k Performance of services or membership or fundraising solicitations for other organization(s)I Performance of services or membership or fundraising solicitations by other organization(s)m Sharing of facilities, equipment, mailing lists, or other assetsn Sharing of paid employees . . . . . • . . . .

qr

2 -.IB) (e)(AI

Name of other organizatlon(s) Transaction Amount involvedtype (a-r)

The Milton S. Hershey Medical Centerd 122863033(1)

The Milton S. Hershey Medical Centerf, 9, k, m, n, r 46958619(2)

Ben Franklin Tech Ctr of Central and Northern PAf, g, k, m, n, r 4158694(3)

Penn State Hershey Health Systemd 5150785(4)

Nittany Insurance Companyc 1208914(5)

The Corporation for Penn Stater, I 476222(6)



' ..

Page 4emEI Unrelated Organizations Taxable as a Partnership

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assetsor gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(AI I (BI I Ie) (0) I (E)Name. address. and EIN of entity Primary activity Legal domicile Are all partners Share of

(state or foreign section end-of-yearcountry) 501 (cl(3) assets

organizations?

Yes I No

(F)Disproportionate

allocations?

Yes I No

(G)Code V-UBI

amount In box 20of Schedule K-l

(Form 1065)

(HIGeneral ormanagingpartner'?

Yes I No

Schedule R (Fonn 990) 2008

SCHEDULE R-1(Form 990) Continuation Sheet for Schedule R (Form 990)


~ Attach to Form 990 to list additional information for Schedule R(Form 990), Part I; Part II; Part III; Part IV; Part V, line 2; or Part VI.

~ See instructions for Schedule R (Form 990~_Name of filing organization

OMS No. 1545-0047

~@09Open to Public

InspectionEmployer Identification number

(e)End-of-year assets

~ Continuation of Identification of Disregarded Entities

la)Name. address, and EIN of disregarded entity

(f)Direct controlling

entity

(b)Primary activity

(c)Legal domicile (stateor foreign country)

Id)Total income

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 51055Z Schedule R-1 (Form 990) 2009

II...

Schedule R-1 (Form 990) 2009 Page 2

rmm Continuation of Identification of Related Tax-Exempt Organizations

(a)Name, address, and EIN of related organization

(b)Primary activity

Ie)Legal domicile (stateor foreign country)

Ie}Public charity statusOf section 501 (c)(3))

If}Direct controlling

entity

(d)Exempt Code section

Schedule R-1 (Form 990) 2009

ij, .:

~~~~_~ ~3ImDI Continuation of Identification of Related Organizations Taxable as a Partnership

(a)Name, address, and EIN of

related organization

(b)Primary activity

Ie)Legal

domicile(state orforeign

country)

(d)Diract controlling

entity

(e)Predominant

income (related,unrelated,

excluded fromtax undersections

512-514,)

(f)Share of total Income

(9)Share of end-of-year

assets

(h)Oisprnpottlonale

albcations?

Yes I No

(i) I 0)Code V-UBI amount on General or

box 20 of K-1 managingpartner?

YeslNo


1\;,·

SChedule R-1 (Fonn 990) 2009 Page 4

_ Continuation of Identification of Related Organizations Taxable as a Corporation or Trust(f)

Share of total income(h)(a) I (b) I (e) (d) (e)

Name, address, and EIN of related organization Primary activity Legal domicile Direct controlling Type of entity(state or entity (e corp, S corp,

foreign country) or trust)

(g)

Share ofend-of-year

assets

Percentageownership


ii

Schedule R-1 (Form 990) 20Q9 Page 5

_ Continuation of Transactions With Related Organizations (Schedule R (Form 990), Part V, line 2)

(a) (b) (e)Name of other organization Transaction Amount involved

type (a-r)

(7) Research Park Hotel Corp. d 39915436

(8) Research Park Mgmt. Corp. d 3098777

(9) Research Park Hotel Corp. b 1981632

(10)

(11)

(12)

(13)

(14)

(15)

(16)

(17)

(18)

(19)

(20)

(21)

(22)

(23)

(24)


"il., .


mIlD Continuation of Unrelated Organizations Taxable as a Partnership

Page 6

(a)Name, address, and EIN of entity

(b)Primary activity

(e)Legal domicile

(state or foreigncountry)

(d)Are all

partnerssection

501 (c)(3)organizations?

Yes I No

(e)Share of

end-or-yearassets

If)Disproportionate

allocations?

Yes I No

(g)Code V-UBI

amount on box20 of K-1

(h)General ormanagingpartner?

Yes I No


Section 2:The salaries of all officers and directors of the State-related institution.

* No member of the Board of Trustees received a salary for services rendered as a Trustee.

NameGraham Spanier

Rodney EricksonRod Kirsch

Harold Paz

Eva Pell

Gary Schultz

President of the University

Executive VP & ProvostSr. VP - Development

CEO - Hershey Medical Center

Sr. VP - Research

Sr. VP - Finance & Business

Salary605,004410,010335,004643,002266,202415,008

_.-

Section 3:The highest 25 salaries paid to employees of the institutionthat are not included under Section 2.

EmployeeRobert Harbaugh, M.D.John Myers, M.D.

Alan Brechbill

Jonas Sheehan, M.D.

Peter Dillon, M.D.

Kevin Black, M.D.

Joseph Paterno

Carlo de Luna, M.D.

John Reid, M.D.Akash Agarwal, M.D.

Kathleen Eggli, M.D.

David Goodspeed, M.D.Mario Gonzalez, M.D.

Thomas Terndrup, M.D.

Berend Mets, M.B.

Walter Koltun, M.D.

David Quillen, M.D.

Kevin Cockroft, M.D.Thomas Loughran, M.D.

John Repke, M.D.Henry Wagner, M.D.

Walter Pae, M.D.Ross Deeter, M.D.James Mcinerney, M.D.

Robert Aber, M.D.

Chair Department of Neurosurgery

Staff Physician - Pediatric Surgery

Executive Director - MSHMC

Staff Physician - Neurosurgery

Chair Department of SurgeryChair Orthopaedics/Rehabilitation

Head Football Coach


Staff Phvsician - Orthopaedics


Chair Department of RadiologyStaff Physician· Orthopaedics

Staff Physician - Electrophysiology

Chair Emergency Medicine

Chair Department of Anesthesiology

Staff Physician - Colorectal SurgeryChair Department of Ophthalmology

Staff Physician - NeurosurgeryDirector Penn State Cancer Institute

Chair Obstetrics/GynecologyStaff Physician - Radiation Oncology

Staff Physician - SurgeryStaff Physician - Urology

Staff Physician - NeurosurgeryChair Department of Medicine

Salary685,834582,402

582,035575,028

558,294541,299

540,942532,521516,952

507,529485,709

464,191

464,024

462,069

452,875

450,025

447,113445,023

437,212432,313

418,200

417.014412,521

408,767

401,320

Penn State Right-To-Know Report 2010

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Transcript of Penn State Right-To-Know Report 2010