SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
SYRACUSE UNIVERSITY
 
Employer identification number

15-0532081
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
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? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
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)? .............................
9
In Part XIII, 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 describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not 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, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, 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)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $ 407,162
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $ 43,296,093
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
CLASSROOM TEACHING
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on 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 not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 1,818,491,336 1,394,057,542 1,384,151,784 1,328,147,566 1,232,349,765
b Contributions ... 82,808,934 47,938,659 21,114,277 18,945,653 25,881,930
c Net investment earnings, gains, and losses -82,206,835 431,356,270 40,506,535 86,554,148 119,021,067
d Grants or scholarships ... 14,762,131 13,978,154 13,175,471 12,305,521 11,503,919
e Other expenditures for facilities
and programs ... 		39,799,754 36,923,886 35,457,752 33,965,877 34,348,777
f Administrative expenses .... 4,577,985 3,959,095 3,081,831 3,224,185 3,252,500
g End of year balance ...... 1,759,953,565 1,818,491,336 1,394,057,542 1,384,151,784 1,328,147,566
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet49.040 %
b
Permanent endowment SchDMd Bullet50.960 %
c
Term endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
Yes
 
(ii) Related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   32,864,041 32,864,041
b Buildings ....   2,511,007,442 1,155,319,999 1,355,687,443
c Leasehold improvements        
d Equipment ....   139,492,699 112,561,604 26,931,095
e Other .....   260,261,392 216,965,298 43,296,094
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 1,458,778,673
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
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Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) HEDGE FUNDS		 816,294,971 F

(B) PRIVATE EQUITY FUNDS		 540,488,847 F

(C) COMMINGLED FUNDS		 6,663,785 F

(D) INVESTMENT ACCT-FIN INST		 496,021 F
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 1,363,943,624
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
ASSET RETIREMENT OBLIGATIONS 24,883,107
ACCRUED POSTRETIREMENT BENEFIT 43,178,708
REFUNDABLE GOVERNMENT LOANS 11,977,021






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 80,038,836
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 1,092,120,901
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -241,840,220
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d -391,439,498
e Add lines 2a through 2d ..................... 2e -633,279,718
3 Subtract line 2e from line 1.................. 3 1,725,400,619
4 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 . 4a 5,005,202
b Other (Describe in Part XIII.) ........... 4b -960,791
c Add lines 4a and 4b.................... 4c 4,044,411
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 1,729,445,030
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 1,089,982,992
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d 4,672,519
e Add lines 2a through 2d.................... 2e 4,672,519
3 Subtract line 2e from line 1................... 3 1,085,310,473
4 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 7b .. 4a 5,005,202
b Other (Describe in Part XIII.) ........... 4b 402,872,266
c Add lines 4a and 4b..................... 4c 407,877,468
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 1,493,187,941
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART III, LINE 4: SYRACUSE UNIVERSITY HAS A DIVERSE COLLECTION OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS, INCLUDING FINE ART AND ETHNOGRAPHIC OBJECTS, LEGAL BOOKS, ARCHIVAL RECORDS, LIBRARY COLLECTIONS AND SPECIAL COLLECTIONS. THE PRIMARY PURPOSE OF THE UNIVERSITY'S COLLECTIONS IS TO COLLECT AND PRESERVE THE CULTURAL AND HISTORICAL RECORD FOR GENERATIONS OF STUDENTS AND SCHOLARS. THE SYRACUSE UNIVERSITY ART MUSEUM - THE SYRACUSE UNIVERSITY ART MUSEUM IS AN ACADEMIC MUSEUM THAT ACQUIRES AND PRESERVES IMPORTANT WORKS OF ART AND USES ITS EXTENSIVE COLLECTION TO SERVE AS A MUSEUM-LABORATORY FOR EXPLORATION, EXPERIMENTATION, AND DISCUSSION. THE MUSEUM STRIVES TO FOSTER DIVERSE AND INCLUSIVE PERSPECTIVES BY UNITING STUDENTS ACROSS CAMPUS WITH EACH OTHER AND THE LOCAL AND GLOBAL COMMUNITY, ENGAGING WITH ARTWORK TO BRING US TOGETHER AND EXAMINING THE FORCES THAT KEEP US APART. IT WELCOMES ALL VISITORS TO EXPERIENCE ITS EXHIBITIONS AND PUBLIC PROGRAMS THAT PROMOTE ORIGINAL RESEARCH, CREATIVE THINKING, AND INCREASED MINDFULNESS. SYRACUSE UNIVERSITY COLLEGE OF LAW LIBRARY - THE LAW LIBRARY COLLECTION IS COMPRISED OF HISTORICAL AND CONTEMPORARY LAW BOOKS THAT SUPPORT TEACHING AND LEARNING IN A DIVERSE EDUCATIONAL ENVIRONMENT, AND OF THE RESEARCH TOOLS AND FINDING AIDS THAT ENABLE DISCOVERY, ANALYSIS, AND UNDERSTANDING OF THEORETICAL LEGAL CONCEPTS AND THE PRACTICAL APPLICATION OF THOSE CONCEPTS IN A COMPLEX LEGAL ENVIRONMENT. UNIVERSITY ARCHIVES - THE SYRACUSE UNIVERSITY ARCHIVES, PART OF THE SPECIAL COLLECTIONS RESEARCH CENTER, IS DEDICATED TO COLLECTING AND PRESERVING RECORDS THAT DOCUMENT THE HISTORY, ORGANIZATION, POLICIES, ACTIVITIES, AND PEOPLE OF THE UNIVERSITY, AND MAKING THOSE RECORDS AVAILABLE TO FACULTY, STAFF, STUDENTS, AND RESEARCHERS INTERESTED IN THE HISTORY OF THE UNIVERSITY. UNIVERSITY ARCHIVES ACCEPTS MATERIALS FROM THE SCHOOLS AND COLLEGES, CAMPUS OFFICES, ALUMNI, FACULTY, THE UNIVERSITY'S STUDENT AND ALUMNI ORGANIZATIONS, AND THE GENERAL PUBLIC. TO BE ELIGIBLE FOR INCLUSION, RECORDS MUST DOCUMENT THE HISTORY OF AND/OR THE CREATOR'S RELATIONSHIP WITH THE UNIVERSITY. ARCHIVAL RECORDS INCLUDE BUT ARE NOT LIMITED TO THE RECORDS OF THE CHANCELLOR, THE BOARD OF TRUSTEES, AND SCHOOLS, COLLEGES, DEPARTMENTS, AND OTHER CAMPUS OFFICES; PAPERS OF FACULTY, STAFF, AND ALUMNI; UNIVERSITY PUBLICATIONS; PHOTOGRAPHIC MATERIALS AND AUDIO AND MOVING IMAGE RECORDINGS; MASTERS THESES AND DISSERTATIONS; AND MEMORABILIA. LIBRARY - THE IDEA OF THE LIBRARY - A REFUGE FOR HUMAN KNOWLEDGE IS TIMELESS. SYRACUSE UNIVERSITY LIBRARY'S COLLECTIONS SPAN 4,000 YEARS AND RANGE FROM SUMERIAN CUNEIFORM TABLETS TO 21ST CENTURY DIGITAL DATA SETS. EVEN WHILE THE TYPES AND FORMS OF KNOWLEDGE CHANGE, THE LIBRARY STRIVES TO KEEP PACE, NEVER LOSING SIGHT OF ITS PURPOSE: TO COLLECT, PRESERVE, AND PROVIDE ACCESS TO THE CULTURAL RECORD FOR GENERATIONS OF STUDENTS, FACULTY, AND SCHOLARS. SPECIAL COLLECTIONS - THE SPECIAL COLLECTIONS RESEARCH CENTER COLLECTS, MAINTAINS, AND PROVIDES ACCESS TO DISTINGUISHED COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, AND OTHER ARCHIVAL MATERIALS. SYRACUSE UNIVERSITY STUDENTS, FACULTY, STAFF ALONG WITH THE LOCAL AND GLOBAL COMMUNITY HAVE AVAILABLE TO THEM MORE THAN 150,000 PRINTED WORKS AND OVER 4,000 ARCHIVAL COLLECTIONS INCLUDING IMPORTANT EDITIONS, MANUSCRIPTS, DOCUMENTS, LETTERS, DIARIES, DRAWINGS, PHOTOGRAPHS, MEMORABILIA, AND AUDIO AND MOVING IMAGE RECORDINGS.
PART IV, LINE 2B: THE UNIVERSITY MAINTAINS A LIMITED NUMBER OF AGENCY FUNDS, WHICH IT HOLDS AS CUSTODIAN OR FISCAL AGENT FOR STUDENT ORGANIZATIONS AND/OR OUTSIDE ORGANIZATIONS AS AN ACCOMODATION TO THE ORGANIZATION. THE ORGANIZATIONS ARE THEN ALLOWED TO UTILIZE THE UNIVERSITY'S FINANCIAL SYSTEMS AND RESOURCES TO PROCESS TRANSACTIONS AGAINST THESE FUNDS.
PART V, LINE 4: THE UNIVERSITY ENDOWMENT CONSISTS OF APPROXIMATELY 2,500 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES; INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE UNIVERSITY TO FUNCTION AS ENDOWMENTS. SPENDING FROM THE UNIVERSITY'S ENDOWMENTS ARE RESTRICTED TO THE VARIOUS PURPOSES SPECIFIED BY THE ORIGINAL DONOR. A MAJORITY OF THE FUNDS PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO UNDERGRADUATE, GRADUATE AND LAW SCHOOL STUDENTS. SOME OF THE OTHER USES OF THE FUNDS INCLUDE, BUT ARE NOT LIMITED TO, SUPPORT FOR FELLOWSHIPS, THE CREATION AND FUNDING OF DEPARTMENT CHAIRS AND PROFESSORSHIPS, SUPPORT FOR VARIOUS UNIVERSITY CENTERS, AND SUPPORT FOR THE UNIVERSITY'S TEACHING AND RESEARCH ACTIVITIES. THE UNIVERSITY'S SPENDING POLICY, WHICH UTILIZES AN ANNUAL DISTRIBUTION PER UNIT MULTIPLIED BY THE PERCENTAGE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, IS DESIGNATED TO PROVIDE THE UNIVERSITY A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE ENDOWMENTS REAL VALUE.
PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. ORANGE INSURANCE COMPANY, LLC AND SYRACUSE UNIVERSITY HOTEL AND CONFERENCE CENTER LLC ARE WHOLLY OWNED BY THE UNIVERSITY AND ARE REPORTED IN THE UNIVERSITY'S INCOME TAX FILINGS. SYRACUSE UNIVERSITY ALUMNI ASSOCIATION, INC., OF WHICH THE UNIVERSITY IS THE SOLE MEMBER, IS A TAX-EXEMPT ORGANIZATION THAT FILES ITS OWN TAX RETURN. DRUMLINS, INC. IS A TAXABLE SUBSIDIARY OF THE UNIVERSITY AND FILES ITS OWN TAX RETURNS. THE SYRACUSE UNIVERSITY (USA) LONDON PROGRAM, CREATED FOR THE ADVANCEMENT OF EDUCATION, IS A REGISTERED CHARITY UNDER THE LAWS OF ENGLAND. THE SYRACUSE UNIVERSITY MADRID PROGRAM, CREATED FOR THE ADVANCEMENT OF EDUCATION, IS A REGISTERED DELEGATION OF THE FOREIGN FOUNDATION OF SYRACUSE UNIVERSITY IN SPAIN UNDER THE LAWS OF SPAIN. THE INCOME TAX CONSEQUENCES, IF ANY, FROM THESE ENTITIES ARE RELFECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS, AND DO NOT HAVE A MATERIAL EFFECT, INDIVIDUALLY OR IN THE AGGREGATE, ON THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF SUBSIDIARIES 3,037,722. POSTRETIREMENT BENEFIT OBLIGATION CHANGE 8,395,046. FINANCIAL AID -402,872,266.
PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL -19,540. RENTAL/FUNDRAISING EXPENSES -941,251.
PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SUBSIDIARIES 3,711,728. RENTAL/FUNDRAISING EXPENSES 941,251. LOSS ON DISPOSAL 19,540.
PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 402,872,266.
Schedule D (Form 990) 2021


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