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
2019
Open to Public Inspection
Name of the organization
The Trustees of Princeton University
 
Employer identification number

21-0634501
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 .........   1
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........   133,056
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 $ 208,042
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $ 285,101,258
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) 2019

Schedule D (Form 990) 2019
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
DIGITAL COLLECTIONS
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 .... 25,499,645,000 25,316,222,000 23,107,357,000 21,529,991,000 22,081,227,000
b Contributions ... 432,263,000 84,167,000 172,264,000 29,540,000 208,646,000
c Net investment earnings, gains, and losses 1,428,455,000 1,450,588,000 3,195,584,000 2,631,651,000 156,391,000
d Grants or scholarships ... 253,351,000 242,929,000 232,513,000 197,860,000 178,927,000
e Other expenditures for facilities
and programs ... 		1,136,033,000 1,083,906,000 903,069,000 864,137,000 711,383,000
f Administrative expenses .... 26,696,000 24,497,000 23,401,000 21,828,000 25,963,000
g End of year balance ...... 25,944,283,000 25,499,645,000 25,316,222,000 23,107,357,000 21,529,991,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet42 %
b
Permanent endowment SchDMd Bullet8 %
c
Term endowment SchDMd Bullet50 %
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)
Yes
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
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 ..... 32,681,000 113,867,000 146,548,000
b Buildings ....   5,142,137,000 1,609,928,000 3,532,209,000
c Leasehold improvements        
d Equipment ....   407,858,000 261,988,000 145,870,000
e Other .....   652,644,000 177,568,000 475,076,000
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 4,299,703,000
Schedule D (Form 990) 2019

Schedule D (Form 990) 2019
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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) INVESTMENTS LTD. PARTNERSHIPS		 24,557,688,000 F

(B) BOND PROCEEDS AWAITING DRAWDOWN		 483,859,000 F

(C) PLANNED GIVING INVESTMENTS		 161,414,000 F

(D) OTHER SECURITIES		 70,939,000 F
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 25,273,900,000
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
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
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
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
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  
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 858,851,000
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) 2019

Schedule D (Form 990) 2019
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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  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
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  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
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  
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  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
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  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
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
Schedule D, Part III, Line 1a Org. Maint. Coll. of Art, Hist. Treasures, or Other Sim. Assets Works of art, literary works, historical treasures, and artifacts that are part of a collection are protected, preserved, and held for public exhibition, education, and research in furtherance of public service. Collections are not capitalized, and contributed collection items are not recognized as revenues in the University's consolidated financial statements.
Schedule D, Part III, Line 4 Collections of art - description of collections THE PRIMARY MISSION OF PRINCETON UNIVERSITY ART MUSEUM ("PUAM") IS TO EFFECTIVELY SUPPORT AND ENHANCE THE UNIVERSITY'S GOALS OF TEACHING, RESEARCH, AND SERVICE. THE MUSEUM DOES THIS THROUGH THE STUDY, PRESERVATION, CONSERVATION, EXHIBITION, AND DEVELOPMENT OF ITS COLLECTIONS. THROUGH DIRECT AND SUSTAINED ACCESS TO ORIGINAL WORKS OF ART, AND BY COLLABORATING WITH FACULTY, STUDENTS, AND STAFF FROM THE DEPARTMENT OF ART AND ARCHAEOLOGY AND MANY OTHER DISCIPLINES, THE MUSEUM CONTRIBUTES TO THE DEVELOPMENT OF CRITICAL THINKING AND VISUAL LITERACY AT PRINCETON. AS ONE OF THE FINEST CULTURAL RESOURCES IN THE STATE OF NEW JERSEY, THE MUSEUM ALSO HAS A CLEAR COMMITMENT TO SERVE THE LOCAL COMMUNITY, THE REGION, AND BEYOND. THE MUSEUM MAKES ITS COLLECTIONS AND EXHIBITIONS ACCESSIBLE TO A WIDE PUBLIC. ALL AUDIENCES ARE ENCOURAGED TO PARTICIPATE IN PUAM'S PRINCIPAL ACTIVITIES THROUGH SPECIFIC PROGRAMS AND OUTREACH INITIATIVES. SCHOLARLY EXHIBITIONS, PUBLICATIONS, SYMPOSIA, AND AN ACTIVE LOAN PROGRAM EXTEND THE MUSEUM'S REACH TO A NATIONAL AND INTERNATIONAL AUDIENCE, ASSURING ITS CONTINUING VITALITY AND ACTIVE PARTICIPATION IN THE UNIVERSITY'S PRIMARY COMMITMENT TO ADVANCE AND IMPART KNOWLEDGE. PRINCETON UNIVERSITY LIBRARY'S SPECIAL COLLECTIONS DEPARTMENT, LOCATED IN THE HARVEY S. FIRESTONE LIBRARY AND THE SEELEY G. MUDD MANUSCRIPT LIBRARY, IS ONE OF THE PREMIER REPOSITORIES OF ITS KIND. ITS HOLDINGS SPAN FIVE MILLENNIA AND FIVE CONTINENTS, AND INCLUDE AROUND 300,000 RARE OR SIGNIFICANT PRINTED WORKS; 35,000 LINEAR FEET OF TEXTUAL MATERIALS, RANGING FROM CUNEIFORM TABLETS TO CONTEMPORARY MANUSCRIPTS; A COLLECTION OF PRINTS, DRAWINGS, PHOTOGRAPHS, MAPS,110,000 COINS, AND OTHER VISUAL MATERIALS; THE COTSEN CHILDREN'S LIBRARY; AND THE PRINCETON UNIVERSITY ARCHIVES. SPECIAL COLLECTIONS UNDERTAKES A GREAT DEAL OF DIGITIZATION OF THESE MATERIALS AS A MEANS OF DISSEMINATING HOLDINGS TO THE WORLD. THESE COLLECTIONS SUPPORT SCHOLARSHIP, RESEARCH, FACULTY AND STUDENTS, AND HELP FURTHER THE OVERALL MISSION OF THE UNIVERSITY.
Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUNDS ARE DESIGNATED BY DONORS OR THE UNIVERSITY TO SUPPORT SCHOOLS OR DEPARTMENTS OF THE UNIVERSITY, OFTEN FOR SPECIFIC PURPOSES SUCH AS PROFESSORSHIPS, RESEARCH, FACULTY SUPPORT, SCHOLARSHIPS AND FELLOWSHIPS, ATHLETICS, LIBRARY AND ART MUSEUM, BUILDING CONSTRUCTION, AND OTHER SPECIFIC PURPOSES.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is a not-for-profit organization as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from income taxes on related income. The University files U.S. federal and various state and local tax returns. The statute of limitations on the University's U.S. federal tax returns remains open for the years ended June 30, 2017 through the present. On December 22, 2017, the Tax Cuts and Jobs Act ("TCJA") was enacted. TCJA impacts the University in several ways, including imposing excise taxes on certain excess compensation and net investment income, and establishing new rules for calculating unrelated business taxable income. The University has reflected the tax assets, liabilities, and payables in the consolidated financial statements based on reasonable estimates under the currently available regulatory guidance on the TCJA. The University continues to evaluate the impact of the TCJA on current and future tax positions. ASC 740, Income Taxes, prescribes the minimum recognition threshold that a tax position must meet in connection with accounting for uncertainties in income tax positions taken, or expected to be taken, by an entity before being measured and recognized in the consolidated financial statements. The University continues to evaluate its tax positions pursuant to the principles of ASC 740, and has determined that there is no material impact on the University's consolidated financial statements.
Schedule D (Form 990) 2019


Additional Data


Software ID: 19010655
Software Version: 2019v5.0