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Object ID: 202211339349307471 - Rendered 2024-11-07
TIN: 05-0258809
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public Inspection
Name of the organization
Brown University
Employer identification number
05-0258809
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
No
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
BARBARA CHERNOW
EXEC VP OF FIN AND ADMIN
(i)
(ii)
627,305
-------------
0
0
-------------
0
654,150
-------------
0
22,800
-------------
0
3,309
-------------
0
1,307,564
-------------
0
383,495
-------------
0
2
WILLIAM CIOFFI
PROFESSOR OF MEDICAL SCIENCE
(i)
(ii)
600,000
-------------
0
0
-------------
0
0
-------------
0
28,500
-------------
0
20,099
-------------
0
648,599
-------------
0
0
-------------
0
3
VICKI COLVIN
PROFESSOR OF CHEMISTRY
(i)
(ii)
276,143
-------------
0
0
-------------
0
1,119
-------------
0
16,622
-------------
0
18,480
-------------
0
312,364
-------------
0
0
-------------
0
4
JANE DIETZE
VP & Chief Investment Officer
(i)
(ii)
532,429
-------------
0
1,223,000
-------------
0
401,307
-------------
0
456,122
-------------
0
33,403
-------------
0
2,646,261
-------------
0
0
-------------
0
5
JOSEPH DOWLING
CEO of Investment Office
(i)
(ii)
589,710
-------------
0
561,381
-------------
0
20,217
-------------
0
22,800
-------------
0
27,267
-------------
0
1,221,375
-------------
0
0
-------------
0
6
JACK ELIAS
SR VP FOR HEALTH AFFAIRS
(i)
(ii)
872,474
-------------
0
0
-------------
0
17,960
-------------
0
22,800
-------------
0
19,598
-------------
0
932,832
-------------
0
0
-------------
0
7
SERGIO GONZALEZ
SVP FOR ADVANCEMENT
(i)
(ii)
626,954
-------------
0
0
-------------
0
88,858
-------------
0
22,800
-------------
0
24,767
-------------
0
763,379
-------------
0
0
-------------
0
8
MICHAEL GUGLIELMO
VP FOR FACILITIES MGMT
(i)
(ii)
315,981
-------------
0
0
-------------
0
0
-------------
0
27,381
-------------
0
40,552
-------------
0
383,914
-------------
0
0
-------------
0
9
Joshua T Kennedy
MANAGING DIRECTOR
(i)
(ii)
343,700
-------------
0
582,713
-------------
0
0
-------------
0
22,800
-------------
0
25,023
-------------
0
974,236
-------------
0
0
-------------
0
10
PETER LEVINE
MANAGING DIRECTOR
(i)
(ii)
289,765
-------------
0
550,500
-------------
0
0
-------------
0
20,000
-------------
0
24,926
-------------
0
885,191
-------------
0
0
-------------
0
11
KEVIN MCLAUGHLIN
DEAN OF THE FACULTY
(i)
(ii)
393,662
-------------
0
0
-------------
0
0
-------------
0
34,200
-------------
0
38,752
-------------
0
466,614
-------------
0
0
-------------
0
12
ERICA NOURJIAN
HEAD OF OPERATIONS-INVESTMENTS
(i)
(ii)
312,734
-------------
0
375,000
-------------
0
0
-------------
0
21,538
-------------
0
25,023
-------------
0
734,295
-------------
0
0
-------------
0
13
CHRISTINA PAXSON
PRESIDENT/FELLOW
(i)
(ii)
954,349
-------------
0
0
-------------
0
69,000
-------------
0
222,800
-------------
0
65,653
-------------
0
1,311,802
-------------
0
0
-------------
0
14
JILL PIPHER
VP OF RESEARCH
(i)
(ii)
357,452
-------------
0
0
-------------
0
2,065
-------------
0
34,200
-------------
0
432
-------------
0
394,149
-------------
0
0
-------------
0
15
LOUIS RICE
CHAIR OF MEDICINE
(i)
(ii)
673,696
-------------
0
0
-------------
0
22,044
-------------
0
22,800
-------------
0
20,563
-------------
0
739,103
-------------
0
0
-------------
0
16
DAVID SAVITZ
PROFESSOR OF EPIDEMIOLOGY
(i)
(ii)
301,094
-------------
0
0
-------------
0
23,803
-------------
0
22,131
-------------
0
8,923
-------------
0
355,951
-------------
0
0
-------------
0
17
MICHAEL WHITE
VICE PRESIDENT FOR FIN & CFO
(i)
(ii)
368,611
-------------
0
0
-------------
0
550
-------------
0
5,948
-------------
0
1,221
-------------
0
376,330
-------------
0
0
-------------
0
18
RICHARD LOCKE
PROVOST
(i)
(ii)
649,907
-------------
0
0
-------------
0
224,668
-------------
0
22,800
-------------
0
47,747
-------------
0
945,122
-------------
0
0
-------------
0
19
JOSEPH S CALHOUN
VP FOR FIN & CFO
(i)
(ii)
0
-------------
0
0
-------------
0
180,303
-------------
0
0
-------------
0
0
-------------
0
180,303
-------------
0
0
-------------
0
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
Schedule J, Part I, Line 1a
RESIDENCE FOR PERSONAL USE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: PRESIDENT - AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PRESIDENT IS REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. PROVOST - AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PROVOST WAS REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. THE EXECUTIVE VP OF FINANCE AND ADMIN RECEIVED A GROSS-UP PAYMENT IN 2020, WHICH IS REPORTED AS TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN B(III). THE PRESIDENT'S HOUSEHOLD SERVICES ASSISTANT PROVIDES SOME PERSONAL SERVICES FOR THE PRESIDENT. THE PRESIDENT REIMBURSES THE UNIVERSITY BY CHECK FOR THESE SERVICES. SCHEDULE J, PART I, LINE 1B IN LIEU OF A STANDARDIZED WRITTEN POLICY, SENIOR OFFICERS WERE ISSUED AN ADDENDUM TO THEIR COMPENSATION LETTER APPROVED BY THE CHANCELLOR, OUTLINING THE TREATMENT OF THE HOUSING ITEM LISTED IN PART I, LINE 1A. SCHEDULE J, PART I, LINE 4A IN CONNECTION WITH HIS DEPARTURE FROM THE CHIEF FINANCIAL OFFICER POSITION, THE FORMER CFO RECEIVED CERTAIN PAYMENTS WHICH ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
SCHEDULE J, PART I, LINE 4B
TERMS & CONDITIONS OF SUPPLEMENTAL RETIREMENT PLAN AND PAYMENT FOR 2020: EFFECTIVE JULY 1, 2017, THE UNIVERSITY ENTERED INTO A NEW DEFERRED COMPENSATION AGREEMENT. UNDER THE NEW PLAN THE ORGANIZATION WILL DEPOSIT $200,000 TO THE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT EACH JUNE 30TH THROUGH JUNE 30, 2022. SUCH AMOUNTS WILL VEST OVER THE COURSE OF THE AGREEMENT SO LONG AS THE PRESIDENT REMAINS CONTINUOUSLY EMPLOYED BY THE UNIVERSITY THROUGH EACH VESTING DATE. NO AMOUNTS WERE PAID UNDER THIS PLAN IN CALENDAR YEAR 2020. AS PART OF HER EMPLOYMENT AGREEMENT, BARBARA CHERNOW PARTICIPATES IN A DEFERRED COMPENSATION ARRANGEMENT. PURSUANT TO THE TERMS OF THE ARRANGEMENT, MS. CHERNOW WILL RECEIVE A PAYMENT OF 75% OF HER ANNUAL PAY IN JULY 2020, PROVIDED SHE REMAINS EMPLOYED AT THE UNIVERSITY THROUGH THAT DATE. $540,028 WAS PAID TO MS. CHERNOW IN JULY 2020, WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III). As part of her amended employment agreement, effective July 1, 2020 Ms. Chernow participates in an additional deferred compensation arrangement. Pursuant to the terms of the arrangement, Ms. Chernow is credited 15% of her base compensation on a monthly basis beginning July 1, 2020 and ending June 30, 2025. Amounts credited to the account become vested immediately and are included in Schedule J, Part II, Column B (III). Effective Jan. 1, 2020, Jane Dietze participates in a deferred compensation arrangement. Under the arrangement, $2 million will accrue a return equivalent to the endowment return. 20% of the original balance plus earnings will vest each year on January 1 provided she remains employed by the University on such dates. $400,000 vested on January 1, 2020 and is reported in Schedule J, Part II, Column B(iii) SCHEDULE J, PART I, LINE 7 THE UNIVERSITY OFFERS INCENTIVE COMPENSATION TO SENIOR PROFESSIONALS IN THE INVESTMENT OFFICE BASED UPON THE UNIVERSITY'S INVESTMENT PERFORMANCE AND OTHER QUALITATIVE FACTORS.
Schedule J (Form 990) 2020
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