return of organization exempt from income tax oms no 1645

OMS No" 1645-0047Return of Organization Exempt From Income Tax Form 990 Under section 501{c), 527, or 4947{a){1) of the Internal Revenue Code (except black lung 2007

benefit trust or private foundation) Open to Public

.... The organization may have to use acopy of this return to satisfy state reporting requirements. Inspection Treasu~y

Interral

A For the 2007 calendar year, or tax year beginning JUL 1 2007 and ending JUN 30 C Name of organization DEmployer identification number

label or prntor EORGE MASQN UNIVERSITY FQUNDATIO~ .....I=N-..:=Co...::'__ ~-+...........=5,-,,4:........=1~0384-=2,--_ t~~:! Number and street (or P.O. box if mail is not delivered to street address) •Boom/suite

~:,,~~~~c~4~40 0 UNIVERSITY DRIVE 1 MASON HALL ___--"lo=2=-Q. .. City or town, state or country, and ZIP + 4

FAIRFAX VA 22030-4444

.=1'--+-......L..:-"'-.=..L~~,;..~~-'~~...-~

• Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ).

H{

Hand I are not applicable to section 527 nrn:<nf'f'>thnn<:

Yes [][I Noa) Is this a group return for affiliates?

G Website: ....WWW, GMU ,EDU/:PEVELOPMENT /GMUFOUND ....... H{b) If "Yes," enter number of affiliates .... N/A ~rganization type (check cryooe) .... [XJ 501(c)( 3 ).... "0) D 4947(a)( 1) or D 527 H(c) Are all affiliates included? N / A DY~s C~N~

·--~·-~····1· (If "No," attach a list.)K Check here .... L if the organization is not a509(a)(3) supporting organization and its gross i H(d) Is this a separate return filed by an or-

receipts are normally not more than $25,000. A return is not required, but if the organization .. ganization covered by a group ruling? DYes ~i No chooses to file a return, be sure to file a return.

M 62 312 498,

if the organization is not required to attach 990, 99HZ, or 990-PFl.

in Net Assets or Fund Balances Contributions, gifts, grants, and similar amounts received:

a Contributions to donor advised funds

b Direct public support (not included on line 1a)

c Indirect public support (not included on line 1a)

d Government contributions (grants) (not included on line 1a)

e Total (add lines 1a through 1d) (cash $ 22 , 524 , 784 , 2 Program service revenue including government fees and contracts (from Part VII, line 93)

3 Membership dues and assessments

4 Interest on savings and temporary cash investments

5 Dividends and interest from securities

6 a Gross rents .. SEE ..S.'I'.1\':rE.ME.1'JJ'... 1 b Less:rentalexpenses

c Net rental income or (loss). Subtract line 6b from line 6a <1 778 275, > 7 Other investment income (describe.... SERVI ~r"---"'-='.=""-----.-,--,-- ._____.--'--t-_,__+____2~3....2___L ..'"'__.::~_"__ 8 a Gross amount from sales of assets other

than inventory

b Less: cost or other basis and sales expenses . c Gain or (loss) (attach schedule) d t~et gain or Combine line 8c, columns (A) and (8)

9 Special events and activities (attach schedule). If any amount is from gaming,

a :;;oss revenue loot including $

b Less: direct expenses other than fundraising expenses c Net income or (loss) from special events. Subtract line 9b from line 9a 9c

10 a Gross sales of inventory, less returns and allowances

b Less: cost of goods sold c Gross profit or (loss) from sales of inventory (attach schedule). Subtract line 10b from line 10a .

8a

-'-L--='-=~ ~b4___--==-=-L:=...:"'..::~ 8e

.

ofccn'ricutons repo,1ed en line 10)

revenue (from Part VII, line 103)

Net assets or fund balances at beginning of year (from line 73, column (A))

DIller changes in net assets or fund balances (attach explanation)

Net assets or fund balances at end of year. Combine lines 18. 19, and 20

LHA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2007)

1 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNl

Form 990 (2007) GEORGE MASON UNIVERSITY FOUNDATION, INC. 54~1603842 L£>art !!J Statement of All organizations must complete column (A). Columns (B), (C), and (0) are required for section 501(c)(3) -- Functional Expenses and (4) organizations and section 4947(a){1) nonexempt charitable trusts but optional for others.

Do not include amounts reported 6b, 8b, 9b, lOb, or 16 of Part I.

(A) Total (8) Program services

Management and general

(D) Fundraising

22a Grants paid from donor advised

(attach schedule)

23 Specific assistance to individuals (attach

~h~u~ .............. . 24 Benefits paid to or for members (attach

schedule) ... 25a Camp ensation of current officers, directors, key

employees, etc. listed in Part V-A

b Compensation of former officers, directors, key

employees, etc. listed in Part V-B

c Compensation and other distributions, not included

above, to disqualified persons (as defined under

section 4958(1)(1)) and persons described in

section 4958(c)(3)(B) .

26 Salaries and wages of employees not

included on lines 25a, b, and c

27 Pension plan contributions not included on

lines 25a, b, and c

28 Employee benefits not included on lines

25a·27

29 Payroll taxes

30 Professional fundraising fees

31 Accounting fees

32 Legal fees

33 Supplies

34 Telephone

35 Postage and shipping

36 Occupancy

37 Equipment rental and maintenance

38 Printing and publications

39 Travel

40 Conferences, conventions, and meetings

41 Interest

42 Depreciation, depletion, etc. (attach schedule)

43 Other expenses not covered above (itemize) a ______________~~ ____________ b __ ~___________ ~____~~_______

c ______ .___~ .....~_________________ d ______________________

f __~ ___ ~. __~_____

g SEE STA'l:'EMENT 5 _______ 44 Total functional expenses. Add lines 22a through

43g. (Organizations completing coluITlns (8)-(0),

Joint Costs. Check ~ if you are following SOP 98·2.

Are any jOint costs from a combined educational campaign and fundraising solicitation reported in (8) Program services? ...

If "Yes," enter (i) the aggregate amount of these joint costs $ ;(i i) the amount allocated to Program services

(iii) the amount allocated to Management and general $ NfA ; and (iv) the amount allocated to Fundraising $ 723011 Form 990 (2DD7)

2 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUN1

Form 990 (2007) GEORGE MASON UNIVERSITY FOUNDATION, INC. 54-1603842 : Part III • Statement of Program Service Accomplishments (See t~e ;nstructions)___~_ .. _~ _

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization.

How the public perceives an organization in such cases may be determined by the information presented on Its return. Therefore, please make sure the

return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments.

What is the organization's primary exempt purpose? .... --==..==-_._"'-===..==~=--=..._____~.~...._____---j

All organizations must describe their exempt purpose achievements in a clear and concise manner, State the

clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501 (c)(3)

organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations

a

b ___. ______ ._____________________________________---j

c ________________.....__________________ _______~

d ___________________________ ~____......._______ ------4

e Other program services (attach schedule)

f Total of Program Service Expenses (should equal line 44, column (8), Program services) ..... ,., ..... , ............... .... 22,532,663 . Form 990 (2007)


Note: Where required, attached schedules and amounts within the description column should be for end-of-year amounts only.

tJl

Q; tJl tJl <

tJl <ll

45 Cash non·interest·bearing

46 Savings and temporary cash investments .

47 a Accounts receivable

b Less: allowance for doubtful accounts

48 a b

49 50 a

b

51 a b

52 53 54 a

b

55 a

b

56 57 a

b

58

59 60 61 62 63

Pledges receivable

Less: allowance for doubtful accounts

Grants receivable .

Receivables from current and former officers, directors,

key employees

Receivables from other disqualified persons (as defined

4958(f)(1)) and persons described in section ~J,>V",lIvIlWJ

Other notes and loans receivable

Less: allowance for doubtful accounts

Inventories for sale or use

Prepaid expenses and deferred charges

Investments· publicly·traded securities S.':I'.:M;':I'. Investments· other securities __ ...... S':I':M;':I'. Investments land, buildings, and

equipment: basis

Less: accumulated depreCiation

Investments· other. . .......... BEE.B'l'AT.EME.NT ..9. Land, buildings, and equipment: basis 11 7 073 536. Less: accumulated depreciation S':I'.:M;':I'...1.0 .... 14 I 450 I 18TI Other assets, including program-related investments

(describe'" _____.... SEE _STATEMENT","-=-=-_ Total assets must e ualline 74). Add lines 45 throu h 58

Accounts payable and accrued expenses .

Grants payable. . . __________ .

Deferred revenue .

Loans from Officers, directors, trustees. and key employees ~ 64 a Tax·exempt bond liabilities 0 • 31 095, 000.:a ro ::i b Mortgages and other notes payable .S':I':M;':I')'2 6 9 , 8 0 0 ,0,,--.-,",0-,",0'--"~2-"--+---,6,,-9:!....L-,7-,0,--,0'!.-L-,",0-,,0~0~.

tJl <ll () c

.!)! ro co l:l c :::t

I.J.. .... 0 tJl.... <ll tJl tJl

< .... <ll z

65 Other liabilities (describe ..._____ SEE STATEMENT i i) i-I __4=-.L=1...::4:..::0:....L..:5=-4=3..:..+---"'6~5-i-_-:::8:....L..:3=-9=-=.1...t....::::.8:..,,:9:....;4=-:...

66 Total liabilities. Add lines 60 throu h 65 110 661 373. 66 114 958 850. Organizations that follow SFAS 117, check here ... [X] and complete lines

67 through 69 and lines 73 and 74.

67 Unrestricted

68 Temporarily restricted.

69 Permanently restricted

Organizations that do not follow SFAS 117, check here

complete lines 70 through 74.

70 Capital stock, trust principal, or current funds

71 Paid'in or capital surplus, or land, building, and equipment fund

72 Retained earnings, endowment accumulated income, or other funds 72

73 Total net assets or fund balances. Add lines 67 through 69 or lines 70 through 72. (Column (A) must equal line 19 and column (8) must equal line 21) 123 471 241. 73 120 056 535.

74 Total liabilities and net assets/fund balances. Add lines 66 and 73 . 234 132 614.· 74 235 015 385. Form 990 (2007)


enses Partl,line17,Addlinescandd

or

Forrn990(2007) GEORGE MASON UNIVERSITY FOUNDATION, INC. 54-1603842 PageS I Part IV-A i Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the

instructions)

a Total revenue, gains, and other support per audited financial statements

b Amounts included on line a but not on Part I, line 12:

Net unrealized gains on investments

2 Donated services and use of facilities

3 Recoveries of prior year grants

4 Other (specify):

Add lines b1 through b4

c Subtract line b from line a

d Amounts included on Part I, line 12, but not on line a:

Investment expenses not included on Part I, line 6b

2 Other (specify):

Add lines d 1 and d2

e Total revenue Part I, line 12 ,Add lines c and d .... e 29 213 672. Part IV-B I Reconciliation of Expenses per Audited Financial Statements With Expenses per Return

a Total expenses and losses per audited financial statements --~ - - ... I ' 13 5 , 271 , 366~ b Amounts Included on line a but not on Part I, line 17,

1 Donated services and use of facilities rb1 I Jl..1 , 976 '1 : :~~~::;~::~~s;:~n;:~e~~~:~~n Part I, line 20,,,,,,,,,,,, :~ l~ I

4 Other (specify): R~NTAL EXPENSE ".__ 1J!iJ 9 f 667 f 446 .1 1

Add lines b1through b4 " b 9 75 5 f 422 • c d

Subtract line b from line a

Amounts included on Part I, line 17, but not on line a: ~r________ ~~125:51~9~~ 1 Investment expenses not included on Part I. line 6b

2 Other (specify):

Add lines d1 and d2 d i ~~.------~~

""''''''''"" .... e 25 515 944. Current Officers, Directors, Trustees, and Key Employees (List each person who was an officer, director, trustee,

the were not compensated,) (See the instructions,) (8l Title and average hours I-(el Compensatl()~nTlf:Il(;;;;t;:i:;;;;;;;;;: (El Expense

(Al Name and address per week Qevoted to • (If not paid, enter account and POSI!~ -0-,) ....__+,~t:.~:.:=~=+-ot_h.:..er.:..a.:..llowances

SEE STATEMENT 16 o . i o.I

5 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNI

I 75d X

Form 990(2007) GEORGE MASON UNIVERSITY FOUNDATION INC. 54 1603842 Part V-A, Currerlt Office~s, Directors, Trustees, a t1d Key Employees (continuedl___.... _ . Yes No

--~--I

75 a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board

meetings ~ ----.....-----~...

b Are any officers, directors, trustees, or key employees listed in Form 990. Part V-A, or hghest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or 11-8, related to each other through family or business relationships? If "Yes," attach a statement that identifies the individuals and explains the relationship(s)

c Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or hghest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization? See the instructions for the definition of ,. related organization_ "S.EE .S.'l',A,'l'EME.N'l'.),7 If "Yes," attach a statement that includes the information described in the instructions.

Does the orcanization have a written conflict of interest olicy? Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the list that below and enter the amount of

(A) Name and address

. Part VI Other Information 76 Did the organization make a change in its activities or methods of conducting activities? if "Yes," attach a detailed

statement of each change ............. ..... .

77 Were any changes made in the organizing or governing documents but not reported to the iRS? .

If "Yes," attach a conformed copy of the changes.

78 a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return?

b If "Yes," has it filed a tax return on Form 990-T for this year?

79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement

80 a Is the organization related (other than by association with a statewide or nationwide organization) through common

membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?

b If "Yes," enter the name of the organization~ .GEORGE MASON'UNIVE~SITY ______ . ______ . __________. _____ and check whether it is LX exempt or

81 a Enter direct and indirect political expenditures. (See line 81 instructions.)

b Did the or anization file Form 1120-POL for this \ ear?

or other benefits in the column. See ttle inoi'",c·tin""


........... NI.A ..

. .................... .

_____

INC. 54 -16 0 3 8 42 Yes, No

If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f

to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the

following tax year?

86 501(c){7) organizations. Enter: a Initiation fees and capital contributions included on

line 12

b Gross receipts, included on line 12, for public use of club facilities

87 501(c)(12) organizations. Enter: a Gross income from members or shareholders ..

b Gross income from other sources. (Do not net amounts due or paid to other sources

against amounts due or' received from them.)

88 a At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership,

or an entity disregarded as separate from the organization under Regulations sections 301.7701·2 and 301.7701·3?

If "Yes," complete Part IX.

b At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of

section 512(b)(13)? If "Yes," complete Part XI x 89 a 501 (c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under:

section 4911 ...._.... O. ;section 4912.... 0 • ;section 4955 ....

b 501(c)(3) and 501 (c)(4) organizations. Did the organization engage in any section 4958 excess benefit

transaction during the year or did it become aware of an excess benefit transaction from a prior year?

If "Yes," attach a statement explaining each transaction

c Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under

sections 4912, 4955, and 4958 .... __....___.

d Enter: Amount of tax on line 89c, above, reimbursed by the organization .......... _______.

e All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?

All organizations. Did the organization acquire a direct or indirect interest in any applicable insurance contract? .

9 For supporting organizations and sponsoring organizations maintaining donor advised funds. Did the supporting organization,

or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?

90 a List the states with which a copy of this return is filed .... _ SEE STAT:EMENT....,1:::;..=8_____,' b Number of employees employed in the pay per'iod that includes March 12, 2007 l-~9~O~b.L.___

91 a The books are in care of.... THE FOUNDAT ION ....___.... ___ Telephone no.....

Locatedat .... 4400 UNIVERSITY DRIVE, FAIRFAX, VA_~~~_ ZIP+4 .... 22030-4444 b At any time during the calendar year, did the organization have an interest in or a signature or other authority over 'Yes· No

a financial account in a foreign country (such as a bank account securities account, or other financial account)?

If "Yes," enter the name of the foreign country ..... _____... =~.c___ . ___ .____________ _ ___.. _ r'ltx See the instructions for exceptions and filing requirements for Form TO F 90-22.1, Report of Foreign Bank

and Financial Accounts,

waiver for proxy tax owed for the prior year.

c Dues, assessments, and similar amounts from members..

d Section 162(e) lobbying and political expenditures.

e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices

f Taxable amount of lobbying and political expenditures Oine 85d less 85e).............

9 Does the organization elect to pay the section 6033(e) tax on the amount on line 85f?

. 84b rBSaI--+-____

85"-'c,_+____.. --='--'--"'-"'-_._...J

c.=8S"-'d'-t-____.._"-'-'-='--_--1

8"'5e"-t.__....._.___~<--=...::..-_...........,

c.....::.85""'-'-_...____..=1..-c;'--_ ... ...)

~

Form 990 (2007)

723162 j ;2-27-07


__~'-"-

___-=_=_

-:_-:-- .···:::.-=-=_·:::..-0 703-993-8850

INC. 54

C At any time during the calendar year, did the organization maintain an office outside of the United States?

If "Yes,' enter the name of the foreign country .... ____.._.=-'...L=.:,_______.__.._______....___.. __.. ____

Note: Enter gross amounts unless otherwise indicated.

93 Program service revenue:

a RENTAL INCOME FROM b gMl)"lS'r'liDEJiTS_______.___.. _ c d e f Medicare/Medicaid payments

9 Fees and contracts from government agencies

94 Membership dues and assessments .

95 Interest on savings and temporary castl investments

96 Dividends and interest from securities

97 Net rental income or (loss) from real estate:

a debt·financed property

b not debt·financed property

98 Net rental income or (loss) from personal property

99 Other investment income

100 Gain or (loss) from sales of assets

other than inventory

101 Net income or (loss) from special events

102 Gross profit or (loss) from sales of inventory

103 Other revenue:

a TRUST INCOME_______ b

c d

e

-------_._-_..__.._--_..__..__..__..------

104 Subtotal (add columns (8), (D), and (E)) .

105 Total (add line 104, columns (8), (D), and (E))

(E) Related or exempt function income

Note: Line 105 plus line 1e, Part I, should equal the amount on line 12, Part I.

1At I Part Villi Rela!i.0nship of Activities to t~e Ac;colTlplishment of Exempt Purposes (See theinstructions)__.__.____

Line No, I Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organizallon's exempt purposes (other than by providing f.U.ndS 10.r SUChPurpos.e.S)..'

-_.. ..---.. ...--.. -..--..--,~..--.--.--.--.--.--.--. --'--'--_.-' -~---------~----

103A INCOME FROM RETIREMENT l>J'JNU]:TJ]:~ _____.. ___.. __...._____________... _ ... __ ---+-_.__.. ----------_.__. __. __.__. __._-

Entities

(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

(b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? Note: If "Yes" to (b), file Form 8870 and Form 4720 (see instructions),

Nature

Information Transfers Associated with Personal Benefit Contracts

Form 990 (2007)


c

Under ~fties or

and \,:leI6. Dec.

Form 990(2007) GEORGE MASON UNIVERSITY FOUNDATION INC. 54-1603842 Information Regarding Transfers To and From Controlled Entities. Complete only if the organization is a

as defined in section

106 Did the reporting organization make any transfers to a controlled entity as defined in section 512(b)(13) of the Code? If "Yes,"

Name, address, of each controlled entity

Name, address, of each controlled entity

Amount of

107 Did the reporting organization receive any transfers from a controlled entity as defined in section 512(b)(13) of the Code? If "Yes,"

(C) Description of

transfer transfer

lOB Did the organization have a binding written contract in effect on August 17,2006, covering the interest, rents, royalties, and

to the best of my knm/{Iedge

Please

Si~ ~~~ ~--~4~--------1---'--1--~-'-------~~~~~~--~-----Here II.... J,....-___"-/ 12",,·""t.,-;"c;-;:(,:--f__~_-=-_-J- t re. ":> ide VI I

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narn~~.?(ftl title /-;" ..L...._---"____..=..~_.L-_____ ......-----.....

Gen. Ins!. X)Check if'd ; Preparer's ~ ,?p."Pal. /-V·~"~:j:·. self.. .

, signature ~1'~/' ~~?:/ /c-.,- . employed ..... C· preparers l ~ir,...,s, ,,' IE IN ..... Use Onl : yours I . / "

Y seif·emp'oyed), : add~ess, ancl ". f

IZIP~4 MCLEAN I VA 22102 [ PllOne no...... (703 ) 847 - 4 600 Form 990 (2007)

b

723164;12~27-07


1 of the instructions. List each one. If there are enter "None.

SCHEDULE A (Form 990 or 990-EZ)

DeparL'":1e:1t of the Intemal Reve'l~e

Organization Exempt Under Section 501 (c)(3) (Except Private Foundation) and Section 501(e), 501(1), 501(k),

501(n), or 4947(a)(1) Nonexempt Charitable Trust Supplementary Information-(See separate instructions.)

~ MUST be completed by the above organizations and attached to their Form 990 or 990·EZ

OMS "0. 1545·0047

2007 Name of the organization

'I' Employer identification number

GEORGE MASON UNIVERSITY FOUNDATION, INC. . 54 1603842 i Part I Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees

(a) Name and address of each more than $50,000

Total number of other employees paidT over $50,000H .. ~~ 0 I ~rt!l::KJ Compensation of the Five Highest Paid Independent Contractors for Professional Services

(See page 2 of the instructions. List each one (whether individuals or firms). If there are none, enter "None.")

~~~-(-a'-)t-'Ja-'-m-'e~an·~ address of ea~h independent contractor paid more than $50,000-I (b) Type of s~r::-~(c~c~~

~mO~ -~~*~~T,L~ ,- WA~HINGTON, DC- 2_00:J '7 -135::0 -- - f~~~~~~~NG ~QQO~

;~.!~!!i~~.?i)~.gUiR.~.~:.-W.ASHING.TON ,- -D. C.. .... - - - - - - lEGAL .... V:r...C....E~~.1. 77581.20036.-··.. SE..R 1 ...

~O. BOX 753:JJL_BA~TIMORE MD 21275-531,LLEGAL SERVICES~JJ)~f 284.f

J,~m\p1IlI2 _pY]!:lF:f~I3: _~ _C_O-,_11<=: _ _ iEXECUTIVE SEARCH 1319 F STREET, NW SUITE 800, .WASHINGTON, DC 20014C;ONSULTANTS 75,000.

------------- I ~---~~--~~~~~~~~~--.~~~~- ---~----~---,-------

Total number of others receiving over $50,000 for professio nal services . . ......~ 0 lPart!!:hl Compensation of the Five Highest Paid Independent Contractors for Other Services

(List each contractor who performed services other than professional services, whether individuals or firms. If there are enter "None." See 2 of the

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of Compensation

723101112-27·07 LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ. Schedule A (Form 990 or 990-EZ) 2007


Schedule A (Farrn 990 ar 990-EZ) 2007 GEORGE MASON UNIVERSITY FOUNDATION INC. 5 4 ~ 16 0 3 8 4 2 Page 2

Wart III I Statements About Activities page 2 of the Instructions.)

During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence

public opinion on legislative matter or referendum? If "Yes," enter the total expenses paid or incurred in connection with the

lobbying activities'" $ $ (Must equal amounts on line 38, Part VI-A, or line i of Part VI-B.)

Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A. Other organizations

checking "Yes" must complete PartVI-B AND attach a statement giving a detailed description of the lobbying activities.

2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary? (If the answer to any question is " attach a detailed statement explaining the transactions,)

a Sale, exchange, or leasing of property? ..SE.E...S'r."-'rEM,:ENT b Lending of money or other extension of credit?

c Furnishing of goods, services, or facilities?

d Payment of compensation (or payment or reimbursement of expenses if more than $1,OOO)? . .SEES'rA'rEM,:EN'r

.SEE.S'rAl'EM,:EN'r e Transfer of any part of its income or assets?

3 a Did the organization make grants for scholarships, fellowships, student loans, etc.? (If "Yes," attach an explanation of how

the organization determines that recipients qualify to receive payments.) BE.E... B'r"-'l'EM,:ENT b Did the organization have asection 403(b) annuity plan for Its employees?

c Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures? If "Yes," attach a detailed statement

d Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services? . 4 a Did the organization maintain any donor advised funds? If ''Yes,'' complete lines 4b through 4g. If"No," complete lines 4f

and 4g ............................ . b Did the organization make any taxable distributions under section 4966?

c Did the organization make a distribution to a donor, donor advisor, or related person?

d Enter the total number of donor advised funds owned atthe end of the tax year

e Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year

f Enter the total number of separate funds or accounts owned at the end of the year (excluding donor advised funds included on

line 4d) where dOllars have the right to provide advice on the distribution or investment of amounts in such funds or accounts

9 Enter the aggregate value of assets in all funds or accounts included on line 4f at the end of the tax year

N!A .N!A

Yes No

x

Schedule A (Form 990 or 990-EZ) 2007


Schedule A (Form 990 or 99D-EZ) 2007 GEORGE MASON UNIVERSITY FOUNDATION, INC. 54 -16 0 3 8 4 2 Page 3

[partlV] Reason for Non-Private Foundation Status (See pages 4 through 8 of the instructions.)

that the organization is not a private foundation because it is: (Please clleck only ONE applicable box.)

5 A church, convention of churches, or association of churches. Section 170(b)(1){A)(i).

6 A school. Section 170(b)( 1)(A)(ii). (Also complete Part V.)

7 A hospital or a cooperative hospital service organization. Section 170(b)(1)(A)(iii).

8 Afederal, state, or local government or governmental unit. Section 170(b)( 1)(A)(v).

9 A medical research organization operated in conjunction with a hospital. Section 170(b)(1)(A)(iii). Enter the hospital's name, city,

and state ....

10 An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)( 1)(A)(iv).

(Also complete the Support Schedule in Part IV-A.)

11a An organization that normally receives asubstantial part of its support from a governmental unit or from the general public. Section 170(b)(1)(A)(vI). (Also complete the Support Schedule in Part IV-A.)

11b A community trust. Section 170(b)( l)(A)(vi). (Also complete the Support Schedule in Part IV-A.)

12 An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its charitable, etc., functions subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30,1975. See section 509(a}(2). (Also complete the Support Schedule in Part IV-A.)

13 An organization that is not controlled by any disqualified persons (other than foundation managers) and otherwise meets the requirements of section Check the box that describes the type of supporting organization:

Type I Type II D Type III-Functionally Integrated Type III-Other

---_....--..--..--..--~... --..---...--...--~---... - ..--- Provide the

(a)

Name(s) of supported organization(s)

information about the

Employer identification number (EIN)

8 of the in<tlrlll't,il1n~

(e) of

support



Schedule A (Form 990 or 990-EZ) 2007 GEORGE MASON UNIVERS ITY FOUNDATION, INC. 54 -16 0 3 842 Page 4 IPart IV-A J Support Schedule (Complete onV jf you checked a box on line.1 0, 11, or 12.) Use cash method of accounting. .---....- Note: You may use the worksheet In the instructIOns for converting from the accrual to the cash method of accounting.calendar yeaf(iirliscaTYe'ii"r--T--"~--"-"'--['- ~'-'-"--i-._. . [ .. ... ---

beginning in)nnwH~_~~ I (b) 2005 (e) 2004_ : ..._(d)~ (e)J:otal 15 Gifts, grants, and contributions I : T . ... --~---

received. (Do not Include unusual '

-17 ~~.r~~~~~~iet~~~~~rasde~~Scs~~ns, . ~ . -- ...- - - - . -... . ... ··-----···r----~····-·--performed, or furnishing of facilities in any activity that is related to the organization's

_~ita~~,etc., purpose ,[______

18 Gross income from interest, divid '··l-····-ends, amounts received from payments on securities loans (section512(a)( 5)), rents, royalties, income fran; similar sources, and unrelated business taxable income (lesssection 511 taxes) from businesses ~~~~i3eO~ ~¥j~e o:ganizationafter I

19 Net income from unrelated business

20

21

22 SEE- STATEMElNT~----_ ..._--"=::...:::.:.:=c..::=..:-=-~~,.==--t__"c---"'-:-c...:::....J,--",8"-,,,0~+-:-::-_,,,,-5=-0=0.9L.='O~7 • .. 2 6 , 5 2 4 • 1 :? 6 4 7 7. _1--t..2 4 8 , 8 6 3~ 23 6 • 2 8~J 8 I 70_7 .123 , 470 , 500 _11 7.L6 91 472.96, 0 5~15~ 24 836 • ~ 8 , 018 , 707.23 , 4~ 500 ..1 7 , 6 ~l , 472 • ..J1.LO 5 2 , 515~ 25 Enter 1% of line 23 2JUL.l8 7 ..L....2~Q~_l 7 6 , 915 . 26 Organizations described on lines 10 or 11: a Enter 2% of amount in column (e), line 24 .... L26a " 1, 921, 050___

b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental

unit or publicly supported organization) whose total gifts for 2003 through 2006 exceeded the amount shown in Irne 26a. I Do not file this list with your return. Enter the total of all these excess amounts .... 2§b~ 299 , 511~

c Total support for section 509(a)(1) test: Enter line 24, column (e) .... 126c .t! . 96 , 052 I 51~ d Add: Amounts from column (e) for lines: 18 _~~..~..L'§JL 19 In~

22 ~__1, 2 4 8 ,8 6 3 • 26b _m 12, 2 9 9 , 5 3 3. ............ ~d ! 3 4 , 54JL 0 3 3 • e Public support (line 26c minus line 26d total) .............. .... ..... . ..................................... ~~..Q.4~_82....

Public supp()l!J!~rcentageJline 26e (numerator) divided byline 26c (denOminat()rlL~~~~~~,~26iT6 4 • 0 l~J,J~ 27 Organizations described on line 12: a For amounts included in lines 15, 16, and 17 that were received from a"disqualified person;' prepare a list for your

records to show the name of, and total amounts received in each year from, each '·disqualified person"· Do not file this list with your return. Enter the sum of

such amounts for each year: N / A (2004) (2003)

b For any amount included in line 17 that was received frorn each person (other than '·disqualified persons'·), prepare a list for your records to show the name of,

and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000. (Include in the list organizations

described in lines 5 through 11b, as well as individuals.) Do not file this list with your return. After computing the difference between the amount received and the larger arnount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year: N / A (2006) (2005) (2004) (2003)

c Add: Amounts frorn column (e) for lines: 15 16 ___..__. __...______...._

17 20 21 ....... l~ N/A~ d Add: Line 2la total and line 27b total ___....___... ___ ..... l~___ ~_A__ e Public support (line 27c total minus line 27d total) ........dd ... .... L2J~---.NLlL..__

Total support for section 509(a)(2) test: Enter amount on line 23, column (e) ..... .... L_2lfJ ___ -.NiA ____l . 9 Public support percentage (line 27e (numerator) divided by line 27f (denominator» ...... ... . .... ~21Ll.._-----.l:U~ h Investment income percentage (line 18, colu!l'illltl1numerator) divided by line 27f{denominat~~_ ... .. _ I N / A %... .. ~_ ......~.•. 27h

28 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2003 through 2006, prepare a list for your records to SllOW, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant. Do not file this list with your return. Do not include these grants in line 15.


Schedule A (Form 990 or 99Q-EZ) 2007 GEORGE MASON UNIVERSITY FOUNDATION I INC. 5 4 ~ 1 6 0 3 8 4 2 Page 5IPart V ! Private School Questionnaire (See page 9of the instructions.) N/A

(To be completed ONLY by schools that checked the box on line 6 in Part IV)

No29 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? 30 Does the organization include astatement of its racially nondiscriminatory policy toward students in all its brochures, catalogues,

and other written communications with ttle public dealing with student admissions, programs, and scholarships? . 31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of

solicitation for students, or during the registration period if it has no solicitation program, in away that makes the policy known

to all parts of the general community it serves? If "Yes," please deSCribe; if "No," please explain. (If you need more space, attach a separate statement.)

--..--...--.. ---~

--..--~... --...-~... ---

32 Does the organization maintain the following: a Records indicating the racial composition of the student body, faculty, and administrative staff? . b Records documenting that scholarships and other financial assistance are aV'iarded on a racially nondiscriminatory baSis? G 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 answerecl "No" to any of the above, please explain. (If you need more space, attach aseparate statement.)

33 Does the organization discriminate by race in any way with respect to: a Students' rights or privileges? b AdmiSSions policies? c Employment of faculty or administrative staff? d Scholarships or other financial assistance? . e Educational policies?

Use of facilities? 9 Athletic programs? h Otller extracufflcular activities?

If you answered 'Yes" to any of the above, please explain. (If you need more space, attach aseparate statement.)

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

35 If you answered "Yes" to either 34a or b, please explain using an attached statement. Does the organization cerUfy 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 "f'.!o;· attach an explanation. 35



47

Schedule A (Form 990 or 990-EZ) 2007 GEORGE MASON UNIVERSITY FOUNDATION, INC. 5 4 - 16 0 3 8 4 2 Page 6 lpart VI-A! Lobbying Expenditures by Electing Public Charities (See page 11 of the instructions.) N/A

be ONLY that filed Form

36 Total lobbying expenditures to influence public opinion lobbying) ,

37 Total lobbying expenditures to influence a legislative body (direct lobbying)

38 Total lobbying expenditures (add lines 36 and 37) 39 Other exempt purpose expenditures

40 Total exempt purpose expenditures (add lines 38 and 39) 41 Lobbying nontaxable amount. Enter the amount from the following table

If the amount on line 40 is

Not over $500,000 ,

Over $500,000 but not over S 1,000,000

Over $1,000,000 b"t not over $1,500,000

OV8' $1,500,000 but not $17,000,000 "

Over $17,000,000

The lobbying nontaxable amount is-

of the amount Of' line 40

$100,000 pies 15% of the excess over $500,000

$175,000 plus 10% olthe excess over $1,000,000

$225,000 p;us 5% of the excess over $1,500,000

$1,000,000.,

42 Grassroots nontaxable amount (enter 25% of line 41)

43 Subtract line 42 from line 36. Enter -0- jf line 42 is more than line 36 44 Subtract line 41 from line 38. Enter -0- if line 41 is more than line 38

N/A

(b) To be completed for all electing organizations

Caution: If there is an amount on either line 43 or line 44, you must file Form 4720.

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns

below. See the instructions for lines 45 50 on 13 of the

Lobbying Expenditures During 4-Year Averaging Period

(a) (b) (d) 2007 2006 2004

Totallobbying

48 Grassroots nontaxable

14 of the m~I'rllr'tI1'H1C

During the year, did the organizalion attempt to influence national, state or local legislation, including any attempt to

Influence public opinion on a legislative matter or referendum, through the use of:

a Volunteers b Paid staff or management (Include compensation in expenses reported on lines c through h.)

c Media advertisements , d Mailings to members, legislators, or the public

e Publications, or published or broadcast statements Grants to other organizations for lobbYing purposes,

g Direct contact with legislators, their staffs, government ofticials, or a legislative body

h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means

Total lobbying expenditures (Add lines c through h.)" If "Yes" to of the also attach a statement activities.



SctleduleA(Form990or990-EZ)2007 GEORGE MASON UNIVERSITY FOUNDATION, INC. 54-1603842 Page? LPart VII I Information Regarding Transfers To and Transactions and Relationships With Noncharitable

51 Did ttle reporting organization directly or indirectly engage in any of the following with any other organization described in section

501(c) 01 the Code (other than section organizations) or in section 527, relating to political organizations? a Transfers from the reporting organization to a noncharitable exempt organization of:

(i) Cash

(ii) Other assets

b Other transactions:

(i) Sales or exchanges of assets with a noncharitable exempt organization

(ii) Purchases of assets from a noncharitable exempt organization

(iii) Rental of facilities, equipment, or other assets

(iv) Heimbursement arrangements (v) Loans or loan guarantees

(vi) Performance of services or membership or fundraising solicitations.

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees

d If the answer to any of the above is "Yes:' complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization. If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received: N/A

(a) (e) Line no. Name of noncharitable exempt organization

I (~Description of transfers, transactions, and sharing arrangements

j

I i

i i

J i

I

i

52 a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 50 l(c) of the

Code (other than section 501(c)(3)) or in section 52l? ... .. Yes No b If "Yes," complete the follOwing schedule: N/A

(a) I (b) (e) Name of organization Type of rganl Description of relationship

!

I

7?31S? Schedule A (Form 990 or 990-EZ) 2007

16 12030320 7475B2 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNl

------

2007 DEPRECIATION AND AMORTIZATION REPORT

FORM 990 PAGE 2 990

* Bus% Reduction In Basis For Current Year

Descllptlon Method Life Excl Basis Depreciation Deduction

1EQUIPMENT V.$.IESr.;-AR 5.00 16 1024041. 1024041. 450,708. o . 2BUILDING IMPROVEMENTS V*IESVAR 60.00 4195814.16 4195814. 1066420. o . 3BUILDINGS 25.00 92332695.16 92332695. 12933053. o . "irESVAR

CONSTRUCTION IN 4PROGRESS Iv;, IESVAR 25.00 16 o .

5fl.rAND 19520986. 19520986. o . fl.r,,+rIES* TOTAL 990 PAGE 2 ioEPR 117073536 o . o . o.11707353614450181.

,

I (0) Asset disposed * lTC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction, GO Zone

19

1

GEORGE MASON UNIVERSITY FOUNDATION, INC. 54 1603842

FORM 990 RENTAL INCOME STATEMENT

KIND AND LOCATION OF PROPERTY ACTIVITY

NUMBER GROSS

RENTAL INCOME

GMUF - ARLINGTON CAMPUS, LLC

TOTAL TO FORM 990, PART I, LINE 6A

1 <1,778,275.>

<1,778,275.>

FORM 990 GAIN (LOSS) FROM PUBLICLY TRADED SECURITIES STATEMENT

DESCRIPTION GROSS

SALES PRICE COST OR

OTHER BASIS EXPENSE OF SALE

NET GAIN OR (LOSS)

SECURITIES 33,636,111. 33,087,491. O. 548,620.

TO FORM 990, PART I, LINE 8 33,636,111. 33,087,491. O. 548,620.

20 STATEMENT(S) 1, 2 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNl

2

3

GEORGE MASON UNIVERSITY FOUNDATION, INC. 54-1603842

FORM 990 GAIN (LOSS) FROM SALE OF OTHER ASSETS STATEMENT

DATE DATE METHOD DESCRIPTION ACQUIRED SOLD ACQUIRED

AUTOMOBILE 08/01/05 05/31/08 PURCHASED

NAME OF BUYER GROSS

SALES PRICE

12,319.

COST OR OTHER BASIS

25,189.

EXPENSE OF SALE

o.

DEPREC NET GAIN OR (LOSS)

13,854.984.

TO FM 990, PART I, LN 8 12,319. 25,189. o. 13,854.984.

FORM 990 OTHER CHANGES IN NET ASSETS OR FUND BALANCES STATEMENT

DESCRIPTION AMOUNT

UNREALIZED GAIN/(LOSS) ON INVESTMENTS - UNRESTRICTED NET ASSETS <502,871.> UNREALIZED GAIN/(LOSS) ON INVESTMENTS TEMPORARILY RESTRICTED NET ASSETS <4,739,505.> CHANGE IN SPLIT INTEREST AGREEMENTS - TEMPORARILY RESTRICTED NET ASSETS <26,912.> UNREALIZED LOSS ON DERIVATIVES <711,551. > CHANGE IN SPLIT INTEREST AGREEMENTS - PERMANENTLY RESTRICTED NET ASSETS <360,948.> CHANGE IN VALUE OF PERPETUAL TRUSTS PERMANENTLY RESTRICTED NET ASSETS <770,647.>

TOTAL TO FORM 990, PART I, LINE 20 <7,112,434.>

FORM 990 OTHER EXPENSES STATEMENT

(A) (B) (C) (D) PROGRAM MANAGEMENT

DESCRIPTION TOTAL SERVICES AND GENERAL FUNDRAISING

ADMINISTRATIVE SUPPORT 6,065,694. 4,293,985. 1,548,273. 223,436. LIFE INSURANCE 46[620.46,620. SCHOLARSHIPS 1,521,749. 1[521[749. ACADEMIC PROGRAM SUPPORT 10,421,116. 10,329,648. 87,976. 3,492. FEDERAL RELATIONS 181,392. 181,392.

21 STATEMENT(S) 3, 4, 5 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUN1

4

5


ANNUITY BENEFIT CONTRIBUTION 97,408.97,408. TRAINING 165,498. 135,978. 13,739.15,78l. RESEARCH EXPENSE 11,592.11,592. CREDIT CARD FEES 27,230. 25. 27,205. MEALS AND ENTERTAINMENT 194,818.7,727. CHARITABLE REGISTRY

TOTAL TO FM 990, LN 43 1,691,410. 250,457.

FORM 990 STATEMENT OF ORGANIZATION'S PRIMARY EXEMPT PURPOSE STATEMENT PART III

EXPLANATION

THE GEORGE MASON UNIVERSITY FOUNDATION WAS ESTABLISHED IN 1966 TO ADVANCE AND FURTHER THE AIMS AND PURPOSES OF GEORGE MASON UNIVERSITY. IT IS A 501 (C)(3) NON-PRIVATE FOUNDATION AND A PRIVATE CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF GEORGE MASON UNIVERSITY. THE FOUNDATION ASSISTS THE UNIVERSITY IN GENERATING PRIVATE SUPPORT AND MANAGES, INVESTS, AND ADMINISTERS PRIVATE GIFTS, INCLUDING ENDO~IENTS AND REAL PROPERTY.

FORM 990 NON-GOVERNMENT SECURITIES STATEMENT

SECURITY DESCRIPTION COST/FMV CORPORATE

STOCKS CORPORATE

BONDS

OTHER PUBLICLY

TRADED SECURITIES

TOTAL NON-GOV'T

SECURITIES

MUTUAL FUNDS CORPORATE STOCKS CORPORATE BONDS

FMV FMV FMV

20,303,OOL 11,105,419.

14,948,784. 14,948,784. 20,303,00L 11,105,419.

TO FORM 990, LINE 54A, COL B 20,303,OOl. 11,105,419. 14,948,784. 46,357,204.

22 STATEMENT(S) 5, 6, 7 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY ]:t'OU GMUFOUNl

6

7

8


FORM 990 GOVERNMENT SECURITIES STATEMENT

DESCRIPTION COST/FMV U.S.

GOVERNMENT STATE AND

LOCAL GOV'T TOTAL GOV'T

SECURITIES

US GOVERNMENT OBLIGATIONS

& AGENCY FMV 1,412,810. 1,412,810.

TOTAL TO FORM 990, LINE 54A, COL B 1,412,810. 1,412,810.

FORM 990 OTHER INVESTMENTS STATEMENT

DESCRIPTION VALUATION

METHOD AMOUNT

ART & ANTIQUES

TOTAL TO FORM 990, PART IV, LINE 56, COLUMN B

COST 572,567.

572,567.

FORM 990 DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 10

DESCRIPTION COST OR

OTHER BASIS ACCUMULATED DEPRECIATION

EQUIPMENT BUILDING IMPROVEMENTS BUILDINGS LAND

TOTAL TO FORM 990, PART IV, LN 57

1,024,041. 4,195,814.

92,332,695. 19,520,986.

117,073,536.

450,708. 1,066,420.

12,933,053. o.

14,450,181.

BOOK VALUE

573,333. 3,129,394.

79,399,642. 19,520,986.

102,623,355.

FORM 990 OTHER ASSETS STATEMENT 11

DESCRIPTION BEGINNING

OF YEAR END OF YEAR

OTHER ASSETS ANNUITY BENEFIT CONTRACT INVESTMENT INCOME RECEIVABLE DEFERRED LOAN COSTS BENEFICIAL INTEREST IN PERPETUAL LEASING COMMISSIONS

TOTAL TO FORM 990, PART IV, LINE

TRUSTS

58

241,260. 908,284. 426,585. 838,329.

11,924,524. 3,242,555.

17,581,537.

766,361. 937,766. 350,369. 776,397.

11,153,877. 2,914,785.

16,899,555.

23 STATEMENT(S) 8, 9, 10, 11 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNl

9

GEGRGE MASON UNIVERSITY FOUNDATION, INC. 54 1603842

FORM 990 MORTGAGES PAYABLE STATEMENT 12

DESCRIPTION BALANCE DUE

GMUF ARLINGTON

TOTAL INCLUDED

CAMPUS,

ON FORM

LLC

990, PART IV, LINE 64B, COLUMN B

69,700,000.

69,700,000.

FORM 990 OTHER LIABILITIES STATEMENT 13

DESCRIPTION BEGINNING

OF YEAR END OF YEAR

ACCRUED ANNUITY BENEFIT FUNDS HELD FOR OTHERS UNEARNED RENT DERIVATIVE OBLIGATION

TOTAL TO FORM 990, PART IV, LINE 65

908,284. 937,766. 2,953,071. 5,718,276.

57,176.782,942. 222,012. 952,910.

4,140,543. 8,391,894.

FORM 990 OTHER SECURITIES STATEMENT 14

SECURITY DESCRIPTION COST/FMV OTHER

SECURITIES

OTHER INVESTMENTS MONEY MARKET ALTERNATIVE INVESTMENTS DERIVATIVE ASSET

FMV FMV FMV FMV

2,096,372. 7,815,819.

38,459,863. 21,824.

TO FORM 990, LINE 54B, COL B

FORM 990 OTHER REVENUE NOT INCLUDED ON FORM 990 STATEMENT 15

DESCRIPTION AMOUNT

SPLIT INTEREST AGREEMENTS CHANGE IN VALUE <387,860.> UNREALIZED LOSS ON DERIVATIVES <711,551.> RENTAL EXPENSE 9,667,446. CHANGE IN VALUE OF PERPE'I'UAL TRUSTS <770,647.>

TOTAL TO FORM 990, PART IV-A 7,797,388.

24 STATEMENT(S) 12, 13, 14, 15 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNI


FORM 990 PART V--A - LIST OF CURRENT OFFICERS, DIRECTORS, STATEMENT 16 TRUSTEES AND KEY EMPLOYEES

NAME AND ADDRESS TITLE AND

AVRG HRS/WK COMPEN-SATION

EMPJ:"OYEE BEN PLAN

CONTRIB EXPENSE ACCOUNT

MICHAEL G. ANZILOTTI 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 CHAIR

0.50 o • o. o.

JOHN J. NORMAN, JR 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 VICE CHAIR

0.50 o. o. o .

DONNA S. MOREA 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 SECRETARY

0.50 o • o • o.

ALBERT J. DWOSKIN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 IMMEDIATE

0.50 PAST CHAIR

o. o. o •

DAVID A. ROE 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 PRESIDENT

40.00 o . o . o.

TRACY P. WHITE 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 CHIEF FINANCIAL

40.00 OFFICER

O. o . o .

LEONARD M. POMATA 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TREASURER

0.50 o • o • o.

DONALD J. BOUDREAUX 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o. o .

ROBERT P. CALLAHAN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o. o. o.

KENDAL E. CARSON 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o • o.

DOLLY C. OBEROI 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o. o . o.

25 STATEMENT(S) 16 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNl


OTIS D. COSTON, JR 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o . o .

DONALD DE LASKI 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . o . o.

SIDNEY O. DEWBERRY 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o. o. o .

R. REBECCA DONATELLI 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o . o .

DALE B. PECK 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o • o. o .

BARBARA J. FRIED 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o. o. o.

W. JAMES GREEN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o . o .

JAMES W. HAZEL 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . o . o .

JAY W. KHIM 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . o . o .

J HAMILTON LAMBERT 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o . o.

EDWIN W. LYNCH, JR 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o. o. o.

EDWIN MEESE III 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o . o .

ALAN G. MERTEN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . o . o .

26 STATEMENT(S) 16 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUN1


TIM H. MEYERS 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . o . o .

JOHN G. MILLIKEN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 O. o . o .

BETTY SOUTHARD MURPHY 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . O. o .

DEXTER S. ODIN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 O. O. o .

SAMUEL R. STRICKLAND 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o . O.

SHIRLEY S. TRAVIS 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 O. o . O.

CAROLYN S. SETTLES 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 O. O. O.

ESTHER T. SMITH 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 O. O. o .

MICHAEL R. VANDERPOOL 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 O. o . o .

MARC Q. BRODERICK 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 VICE PRESIDENT

5.00 OF DEVELOPMENT

O. o. O.

LAWRENCE M. ALLEVA 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . O. O.

JANET H. BARNARD 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS lA3 TRUSTEE

0.50 o . o . o .

ROBERT E. BUCHANAN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 O. o . o .

27 STl!.TEMENT (S) 16 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNI


W. JEFFREY CARLTON 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 O. o . o .

JACK R. CENSER 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 O. o . o .

JAMES D. DUFFEY, JR. 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 O. o. O.

SHIVRAM M. KRISHNAN 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 O. O. o .

JAMES A. MERIWETHER 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o. o .

JOHN PAUL PHAUP 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . o. o .

DONNA P. SHAFER 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030-4444

MS 1A3 TRUSTEE

0.50 o . o . o .

ERNST VOLGENAU 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 o . o. o .

J. SCOTT WILFONG 4400 UNIVERSITY DRIVE, FAIRFAX, VA 22030 4444

MS 1A3 TRUSTEE

0.50 O. o . o .

TOTALS INCLUDED ON FORM 990, PART V-A O. o . o .

28 STATEMENT(S} 16 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNl


FORM 990 PART V--A OFFICER COMPENSATION FROM STATEMENT 17 RELATED ORGANIZATIONS

OFFICER'S NAME COMPENSATION

EMPLOYEE BENEFIT PLAN CONTRIBUTION

EXPENSE ACCOUNT

DAVID A. ROE

NAME OF RELATED ORGANIZATION

GEORGE MASON UNIVERSITY

184,954. 36,740.

EMPLOYER ID NUMBER

54 0836354

RELATIONSHIP BETWEEN ORGANIZATIONS

BENEFICIARY OF EXEMPT PURPOSE

COMPENSATION DESCRIPTION

COMPENSATION

OFFICER'S NAME

ALAN G. MERTEN


COMPENSATION

515,103.


123,631.

EMPLOYER

EXPENSE ACCOUNT

ID NUMBER

GEORGE MASON

RELATIONSHIP

UNIVERSITY

BETWEEN ORGANIZATIONS

54-0836354



COMPENSATION

29 STATEMENT(S) 17 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUNI




EXPENSE ACCOUNT

TRACY P. WHITE






108,317. 36,874.

EMPLOYER ID NUMBER

54-0836354

COMPENSATION



EXPENSE ACCOUNT

MARC

NAME

Q. BRODERICK

OF RELATED ORGANIZATION

186,303. 42,715.

EMPLOYER ID NUMBER

GEORGE MASON UNIVERSITY 54 0836354




COMPENSATION


GEOaGE MASON UNIVERSITY FOUNDATION, INC. 54 1603842

OFFICER'S NAME

JUDITH JOBBITT






CONTRACT PAYMENTS PAST PRESIDENT

COMPENSATION

168,284.

EMPLOYEE BENEFIT PLAN EXPENSE CONTRIBUTION ACCOUNT

36,895.

EMPLOYER ID NUMBER

54-0836354

FORM 990 LIST OF STATES RECEIVING COpy OF RETURN STATEMENT 18 PART VI, LINE 90

STATES

VA,AK,AZ,AR,CA,CO,CT,KY,ME,MD,MA,MI,MN,NH,NJ,NY,OH,OK,OR,SC,UT,WA,WV,WI,DC

31 STATEMENT(S) 17, 18 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUN1

GEO~GE MASON UNIVERSITY FOUNDATION, INC. 54 1603842

FORM 990 PART IX - INFORMATION REGARDING TAXABLE STATEMENT 19 SUBSIDIARIES AND DISREGARDED ENTITIES

NAME OF CORPORATION, PARTNERSHIP OR DISREGARDED ENTITY

GMUF ARLINGTON

ADDRESS

CAMPUS, LLC

4400 UNIVERSITY DRIVE, MASON HALL D201, FAIRFAX, VA 22030

EMPLOYER ID NUMBER

PERCENT OWNED NATURE OF ACTIVITIES

TOTAL INCOME

END-OF-YEAR ASSETS

54-2010573 100.00% LAND HOLDING COMPANY 7,889,171. 68,374,054.


GEO~GE MASON UNIVERSITY FOUNDATION, INC. 54 1603842

SCHEDULE A EXPLANATION OF TRANSACTIONS STATEMENT 20 PART III, LINE 2A

2A : THE FOUNDATION IS AFFILIATED WITH GEORGE MASON UNIVERSITY. DURING THE YEAR THE FOUNDATION LEASED OR OTHERWISE MADE PROPERTY AVAILABLE TO THE UNIVERSITY FOR ITS USE.


GEG~GE MASON UNIVERSITY FOUNDATION, INC. 54-1603842

SCHEDULE A EXPLANATION OF TRANSACTIONS STATEMENT 21 PART III, LINE 2C

2C: THE FOUNDATION IS AFFILIATED WITH GEORGE MASON UNIVERSITY. DURING THE YEAR THE FOUNDATION LEASED OR OTHERWISE MADE PROPERTY AVAILABLE TO THE UNIVERSITY FOR ITS USE.


GEC~GE MASON UNIVERSITY FOUNDATION, INC. 54 1603842

SCHEDULE A EXPLANATION OF TRANSACTIONS STATEMENT 22 PART III, LINE 2D

2D: SEE STATEMENT 17


GECRGE MASON UNIVERSITY FOUNDATION, INC. 54-1603842

SCHEDULE A EXPLANATION OF QUALIFICATIONS TO RECEIVE PAYMENTS STATEMENT 23 PART III, LINE 3A

RECIPIENTS OF SCHOLARSHIP AND FELLOWSHIP FUNDS GENERATED BY THE FOUNDATION ARE SELECTED BY APPROPRIATE UNIVERSITY PERSONNEL.

SCHEDULE A OTHER INCOME STATEMENT 24

DESCRIPTION 2006

AMOUNT 2005

AMOUNT 2004

AMOUNT 2003

AMOUNT

MISCELLANEOUS TRUST INCOME

TOTAL TO SCHEDULE A, LINE 22

20. 576,785.

576,805.

O. 509,057.104.

509,057.

26,420.

26,524.

703. 135,774.

136,477.

36 STATEMENT(S) 23, 24 12030320 747582 GMUFOUND 2007.07060 GEORGE MASON UNIVERSITY FOU GMUFOUN1

2

Form 8868 Application for Extension of Time To File an (Rev. April 2008) OMS No. 1545-1709 Exempt Organization Return Department or the Treasury

• If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box .. ....... ... • If you are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part" (on page 2 of this form).

Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.

Automatic 3-Month Extension of Time. Only submit original (no copies needed).

A corporation required to file Form 990·T and requesting an automatic 6-month extension - check this box and complete

Part I only

All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of time to file income tax returns.

Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for a corporation required to file Form 990-T). However, you cannot file Form 8868 electronically if (1) you want the additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T. Instead, you must submit the fully completed and signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form, visit www,irs.

Type or

print

File by the due date for filing your return. See

instruclions.

ovlefi/e and click on e-file for Charities & Non

Name of Exempt Organization

rofits.

IEmployer identification number I

GEORGE FOUNDATION INC. 54 Number, street, and room or suite no. If a P.O. box, see instructions.

4400 UNJYERS}TY DRIVEf~SON_HA:i:JL,~NO. D2_0_1_______________ City, town or post office, state, and ZIP code. For a foreign address, see instructions. FAIRFAX, VA 22030-4444

Check type of return to be filed (file a separate application for each return):

Form 990 Form 990-T (corporation) Form 4720

Form 990-BL Form 990-T (sec. 401 (a) or 408(a) trust) Form 5227

Form 990-EZ Fonm 990-T (trust other than above) Form 6069

Form 990-PF L ..c Form 1041-A Form 8870

• The books are in the care of ~ -'-Telephone No.... 703 -_9___9__ ______ FAX No....

• If the organization does not have an office or place of business in the United States, check this box ... ...

• If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this

box'" . If it is for part of the group, check this box'" 0 and attach a list with the names and EINs of all members the extension will cover.

I request an automatic 3-month (6·months for a corporation required to file Form 990-T) extension of time until

MAY 5 2009 ,to file the exempt organization return forthe organization named above. The extension

is for the organization's return for:

... calendaryear_~~~ or

... tax year beginning _JU:L 1, 200 7____. ,and ending ~'(JN 3~_lQQ._8_.___ .

Ii this tax year is for less than 12 months, check reason: Initial return Final return Change in accounting period

3a If this application is for Form 990'8L, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any

b If this application is for Form 990'PF or 990-T, enter any refundable credits and estimated

c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required,

deposit with FrD coupon or, if required, by using EFrPS (Electronic Federal Tax Payment System).

o .

Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879·EO for payment instructions.

LHA For Privacy Act and Paperwork Reduction Act Notice, see Instructions. Form 8868 (Rev. 4-2008)

return of organization exempt from income tax oms no 1645

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