Labosky - Peter (Plt's Reply To Penn State University's Opposition To Plt's Motion To Compel)

IN THE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY, PENNSYLVANIA, MARYANN T, LABOSKY, Executrix ofthe Estate| CIVIL DIVISION - ASBESTOS of PETER LABOSKY, JR., deceased and MARYANN T. LABOSRY, in her ow right, Plaintiff ‘A.0. SMITH CORPORATION, et.al, Defendants. | | No. GD, 16-001086 | PLAINTIFF'S REPLY TO DEFENDANT | TIE PENNSYLVANIA STATE | UNIVERSITY'S OPPOSITION 10 | PLAINTIFF'S MOTION To COMPEL MORE SPECIFIC ANSWERS TO. PLAINTIFF'S INTERROGATORIES FILED ON BEHALF OF PLAINTIFF Counsel of Record for This Party | ihc Rob. Esqu ipa ais | SAVINIS, KANE, & GALLUC | Suite 3626, Gulf Tower $707 Grant Street | Pittsburgh, PA 15219 (412) 227-6556 LLC.IN THE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY, PENNSYLVANIA, MARYANN T. LABOSKY, Executix ofthe Este { CIVIL DIVISION - ASBESTOS of PETER LABOSKY, JR., deceased and MARYANN T. LABOSRY, in her own right, NO. G.D. 16-001086 Plaintiff AO. SMITH CORPORATION, et.al, Defendants PLAINTIFF'S REPLY TO DEFENDANT THE PENNSYLVANIA STATE UNIVERSITY'S OPPOSITION TO PLAINTIFF'S MOTION TO COMPEL MORE ‘SPECIFIC ANSWERS TO PLA] INTERROGATORIES AND NOW comes the plant, by and trough her attomey Michael P, Robb, Esire and Savinis, Kan, & Galluce, LLC. and files the following Plsni’ Reply to Defendant ‘The Pennsyvania State University’s Opposition to Plaintiffs Motion to Compel More Specific Answers to Plaintiff's Interogatores. 1. To date, Plaintiff has received over 21,000 documents from defendant, The Pennsylvania State University. It should be noted tha 6,000 pages were produced to Plant's counsel just wo days ago, 2. Plait intends to rely upon Some or all ofthe atached documents in suppor ot her Motion to Compel against defendant, The Pennsylvania State University, to combat defendant's assertions thatthe Plaintiff's discovery to date is nothing more than an impermissible fishing «expedition; that writen discovery shouldbe discontinued and that ll further discovery should be limited to depositions.Respectfully submited, ee Tr Michael P. Roth, Counsel for Plait By:EXHIBIT GROUP 1‘waa ut am inane AT gar me Um uy his te a lea er os tate ae tenerng TTY he ins 62s ee Te ee eg Ey oe UT) satay 28 osm nate te at 0 supe oe Rw tt men Ba en i Lb) I ere Sire HH ‘oid iy pou.tabosky-its#ate 1 i, ftw eater ete ree fe 17 a ee E08 ‘si sr i a Sea ‘es Sy, be a Supe ewe niin th 87 neem en uray wea {he sl ged he ‘oe | eu ses ait eth eet ‘erate ps .aboshy 03855Ce pone ware wowrer no xig taro nee Sa) te Joab pin one ie) RB et ee fut om titi nse OM ate oe 8 age nF 1 18 eit “ae oue fie vee Into ign ans gah tn ‘i agioe fe ree utr aon) S66 tnt te vis hte ar log vam nen sepa 1278 wt ete women May atten tum ene Psu-Labost 003658ne Set tt sip ba. eat et in sei wad use wma 8 pp ade yo all alt ota an arte mains ok tnd yt tip nsw 103m tie ae yam ort ‘nett 800° alas fi tw BD aces vet sang iy ane to ete SA ig aa enh Ee os oe elingt iam ye tin pte) et sam oh Bm lt le stn Se cn i eta sane in| PsuLabosky tises7ve Porat var a fasone Ming —TAYDA— algo spt tea) ee so ag hf eo em ep et ir 0 lt ae Uainitrin 1808 » site Mn SS anc op fie ‘ee i nee el ae ae a, yt bebe nado ws eng ue te runs y= le yng te Cnt Uetry Hae ele aig Inns pm Ima a= m PSU.Labosky203658ane oh a sass sue gem coer nat UT yan ange pH EB a Ting we ee ely 6TH te ot ee a et as ey Set ep 1809p nailed ae (nyt ers 149 tle ttn = etch army ean te adog Ta » tC ing) tain = ea aka ep tae Cpt SAGO eng weit MDB te nm tg = 4 ee) ‘rt ag po sls eh 1 de ‘sro Bpnny 72809 2 Se ec a a enuern ut » Ceo ik © TKO ie in fae Bent 0 en ht let ta ae . PSULaboskyccessro ig ut neat futon ay caper fae mon ee aa sours ao08 irene en KS8rym Pe tint th ee Some ‘he geo UL By rH a oe of went es erie S108 ea rt on Mi 6 ‘Stee nee 8 ents eget neon a Salter ” sem 4 ara ‘eon ta ‘oman PSU-Laboty-009860vous mt ‘aus uae sik ip iainaitone wm me Ba wee eat Suir irate seit mt tions iaeB wom nye in wm Rian toate i sem moet, BG TEST sin ht to ttn rauwus usta a Mme R07) eer Ieee fom nd aa tert nee ab 8g = he tu wae fee ee at sip nel ee ed tl uid ae ED i cnt eae aarp ee L698 rth et ea ca san » nt tte smo} sa to i te on SOUK Weal Coe mating 340 ain alae rt State ate tak ro) eager eee ely HME RB (co We cing Ceiling Matertals Univecaiey Peck and Comonvesith Conpuses 1999 = 19, auttding ecatton anovel ‘cen Removes (622) tooth 298 weniers room = 201, 702, 2028 GAT 1080 sce doin, Maine. Cex aout 2360 nee Pater oon 4 sow 1140 ee Ferguson room 213 sour 550 aay leet Oper. oon 178 sour a0 my dock area Gattey, tne 2300 tue liansiton Hall ceshings 4 corridors Ararat 6 Heunsyer 108,000 suseuguet sou fo Rec Hatt st floor = Locker KLeenoAi of 1000 me ‘PSUr-Labosky-o01sa5 petavece ness eset ot ts wataare cose 201 6 303 Pav sa we ntenore Set floor coretdar FSU ans, he. rom. 903,aytddin Boy wetiere Ree Wald Ground f1o0e = cor= Ellery ise fueor = eeuetvall/tocker Foon, gaz flese = Benover zon Removed (627) youth Pu 00 say PSU-Labosty. 204986naa ‘ame my vous aime toni it ai eer i. id Ae ta ae Bet aa be aay ang att pn nt tee wnt aete ‘peo rat Cn tn sors stl ne ts tne et see ate ‘Shei ‘hus it ae te en Bee el ne ets eae ret (ia nyo Shae PH iin ea, 18 ae eae ee fe ye yt, con tenga a an) nt Nove fy 609 ae ae de ns ox Sam dayne Sih wu one-man gm ahr cts lg, 2861 ele Ue Hit mame 8 es wate evel 0h IM log etn oe sm ete seme ate mom mate PSU.Labosky-003670,sre WIG rea hk omnia Ce a ee ie om, ecg cng tt 70079 lg ain etal HOG) RE Feet fan 8 setae eee a oe eel pnt in aes ater em Mas Cte THT aaa ae tebe eB 198 clint a ran awd te eos ten SAL tae aise uso gain wie eee fete rt Pt ey oy Pa Ub {pe Sad aoe op i te spe tren fle) 12005 ® Soop, ce a ee ee) pou Labosky 00967! sous sours xsiAsbestos Blockplan Rec Hall 00 NOT PRINT THESE BLOCKPLANS AND ASSUME CHANGES NEVER OCCUR, UPDATES ARE CONSTANTLY Bene ADD. That blockolan D0 NOT Include the following asbestos containing materi Thormalnsulations suchas plpe, bolle, tank, or dct insulation; these are assumed to contaln asbestos unless they are obviously tberglas or fam rubber ALL resint florings ae lao assumed to contain asbestos (.e 1°x12" and 9%9" Foor te) [ALL Soapstone Lab Sench Tops are also assumed to contin asbestos Many ofthese materia are above drop ceilings and are not esl visible. Specific locations ot ‘thos matoiis canbe obtained by caling Environmental Health and Safety at 5-639 (3-141 aftr P.M)_ (ravi oa) omtarina nouwsSO38West Halls | Penn State University Pak Housing Page 1 of 3 Home —+ Housing Areas WEST HALLS West Halls is located on the north-vester side of campus, and was constructed ina traditional collegiate residence style. Brick bulldings open onto a quad with eymmettical walkways and arches that lead to the heart of campus. West Housing Area features traditional residence halls housing approximately 1,680 students. More than 600 fist: year students reside in West Halls, making it the smallest first-year living environment on ‘campus. Break Access/Hollday Housing is offered in Hamilton Hall LEARN MORE ABOUT WEST HOUSING AREA! ‘TRADITIONAL RESIDENCE HALL INFORMATION + Hamiton, Mekee, and Thompson Hals + indnHal + orden Hal + Watts Hal! Room Types offered in Traditional Residence Halls (some room types may not be availabe in every buliding) + double, traditional + single, traditional + single with bath, traitional * quad, traditional + triple, traditional « triple with bath traditional + supplemental, traditional (imited, male space only) View Room and Board Rates GENERAL WEST HOUSING AREA INFORMATION, + Waring Commons offers students these amenities: © Computer lab‘West Walls were made up of ix (6) dormitories including Hamilton Hal ckee Hall ‘Thompson Hall Jordan Hall, wats Hall tevin atl enn state frst removed asbestos fom West Hal (Hamilton Mall n August, 1982 approximately three years afer PSU President Osstald directs that asbestos be remaved from West Hall Dormitories Penn State fist removed asbestos from West Holl (MeKee Hall oul, 198@ approximately fveyears after PSU President Oswald irected that asbestos be removes trom West Hall Dormitories. ts unclear what date asbestos was cemoved from the other West Halls buildings (Thompson, loan, Watts and vin) but PSU records confirm that no asbestos was removed from these bulings pir to 985,jue umes a ek Pee e108 fee tes) 12008 ig Wn te wun om Ita eae ie oe are fed one fa ed tien itt ann ‘Sch tse Send Ter Ub 10808 tots msm ome sang tow OD) TE ® ree ame amino eo stng NEMS Baap ee He wala ros roms erat ecg ee wits Ro IM ote to 3 ser tae 8m ® en sm ® fet re {inion nce ek S0U06 wl i ‘teen! 0 eth oa ta i tog aig YAGI ato ay wt | ‘apt to sae tat ee ee ip Ion nn a ta ont a STi eon mom ae | ee ee ee ee | TSA ligne 6 woe ue PSU.Labosky 203662mor att tt a tat en ate Hip ence Ub sues 108 pe ein = eset ea WE ON cg yy 8 colo at ea ling eae ae le ete nu oe 20 ap et ‘rt Sr ite an Sta eae 25 mie ag ~ dah gal an eig 286 yen it tet i cae ai te cress = wn a ap a8 ‘ly 1 tte pe adie St sn axes un 1 yet Hv oeyutte » PSU-Labosky.0669ue etn ws) snes = tay me cs sadist ie Pine ase 3 979 elias et ety ta beatae cing as wt a ETL ale 708 ig eye on awe rane 1) ge ein tea 2A Le Yih) poe bullseye ‘se ioe i ue an 8, ter en Sc) state ere Tatar Tiare taney bee vite 118m lig = ty nn re S09 eprom ectent SY tere W809 eigen lt AKT etn S08 ago 3 neat AEB etn 1% cig -nay sen 396) rate Sipe ie chat oe 8) wR pn (cig Lay et a le le ny te nae ne, no AM ly in-ear om (80008 Ye ri TRAN nib o pay .abosty 103666 3SRR RE or ° ‘the Corporation Trust Company Boon Box 032 ‘eitmingeon, Df 29099 Tune gehproceediags, for a Reorganitevion Uncer Chapeer tt Gace woos 62 2 12656, 62 9 11657, $2°s Lieéo, 2g sieéa, 02 3 iiss Ptgguancae’y, 12673, Cdacauatee #2 8 Ladies & CentLonon: Ean enclosing nerevitn class } Baitot for Jecbifg"the Chapter 11 pian flied inthe sbove ‘ould you pigseg. eter for your recoras,, te Sabiege cnaage and forward 411 eagitional correspondence’ regari- 14eTeRE Snatder to the undersigned ae 611 University Drive, State bfuege, Bennsyavenie 16801 very truly yours, eQuazDe, SLASKO, scuHnRt?, sense : Psuavoshy0043s9Serene Pen eee Toe to umber of bbe Anta onthi taot We 9 Adan of bang ooh ebroptlrenne SEE ATTACHED SHEDS (You mua copa Pond ‘oe vn, tor a am 3 Ce (shack ong) Acer THE PL ———_rtrecrs rr aus. Tks pore ons sreven s wuvire Floagtatana Steve anwvensivy tp sourwcare oh Sthre'eotctee re 1680 PSU.Laboskyaneae0 30 ornSCHEDULE To BALLOT University ferky Peneyivanta wnitnore sustaing Oniverstey Park, Penneyivanta Oniversity Perk, Ponneyiventa sapiiton wait Universiey Park, Ponnayiventa Maintenance at iding University Park, Denneyiventa shields avizains University Parks Pennsyivanta University Park, Pennoyivanie SoLSeELL) awe, rennayivania University ark, Pennsyivania Eigeshover Chapel talversity backs Ponasylvanta Moore Hustainy University Park, Ponnsyivanta Rackley sutiaing Ghiversity paves Penneyivania henpaon Halt SEIMRESTaylpawe, rennayivance aygon sustaina, Oniversity Pask, Ponnayivanta Museum of Ae University Park, Pennsylvania Forum susiding University Park, Ponneyivanta Arte muitding Onlvereity Pak, Pennsyivania psy. cabesty. 008581Ra teemengeng gins ene apne Moziwain maui Universtiy Park, pennsylvania Simmons 1 Universteypark, renneyivanta Mugan Development ~ orth Butlding University sere, Panneyivanta University fark, Fennoyivants Agriculturs} enginoering suiléing University park, Ponnayivania Arnsbey Butiéing University Parks Penneytvanta Dalvereiey Park, Penseyivania University back, Penneyivanta Gniveraity Pare, Peaneyivanta cross want Osiveesity park, Pennsyivansa University rarky Pennsylvania Joring unite 9 end c ‘sity Park, Penneylvania Being watt Ghivdealty park, renneyivansa University Fark, Penneyivanis aiaer Kala Uaiversity Park, Pennsylvania abs san Univeeaity Park, Pannsylvanis oye watt Galvetaity park, Pennayivania University park, Pennsyivenia pou.tabesky 06082university Park, Pennsyivante Land ang: Witer Resources Building Uhiversteysparky Pennsyivents, yore Hani Uhiversity park, Pennsylvania University Park, Pennsylvania University Park, Pennayivanta paces Libra Ohiversity Park, Pennsylvania Pine cottage Salversity Park, Pennaylventa University Park, Penneyiventa Gniveraity Park, Pennayivansa eek, eennayivan Saiversiey | Grange gusiain Gnivereity Pare, Pennayivanta worticvitural Processing Laboratory University Pazk, Pennsylvania er iaboresory Gniversity Fares Pennsylvania Hechanical Engineering Building SSEESTE)- Paes Fennayivanta tuehzoom Tasting Laboratory University fark: Pennsylvania University Pafk, Pennsylvania iceany Lion inn Oniversity Park, rennsyivanis ratteeson susiging Ghiversity Pare, Fennsyivanie Pou.Labosky coresRR RRR Rc iegtes ommRa oe Universteyark, Pennsylvania Regiter olgiing fall Chiverssemepark, Pennsylventa Riveenour Meaitn cent Oniversity Fark, Penneyivanta sparks pusiding University Park, Pennsylvania Stevens Hall Shiversity Park, penneylvanse University Park, Pennsylvania Act Rdvoation Crafts Butading Shiversity Foxe, Pennsylvania peaver stadium eiveraity Park, Pennayivante sowke Building Gniveraity Park, Pennsylvente Gaiveesity park, renneyivanta batzy Breeding complex Shideaity pave, Pennayivanta Salveraity park, Ponnayavanta Usiveresey Park, pennsylvania Finley oloing Had TAN SLeLEE BTS Penneyaventa mere Ponanytvania visunt Acts susteing UAE ALES otek eefnytvanse ates outaing, URiveeaity Pave, Pennoylvania kstey aasiaing Snivaesity Paok, Pennsylvania Praple Bostaing PoysLebesty 00346= eres nneylvania State University UniversteyDeive Nekeeapofey Pennayivania Library an@ Multi-Purpose Butiaing forthlagton Scranton Campus ‘The tanseyivania State Cniveraity 125 Ridgeview brave pasiniatrative pottaing ‘The Pennayiventa state University Hageitssy Pennsyivanta eu as Foods Building None also cangue fhe penneyivansa State University Mone Alter enaeyivania, syudent Lesrntng Center ht’ benneyivants state University Srseahead Rose Nonaea, Penneyivanis ick Busiaing and Sctence Building The Feonspivanta State University Erle, Pennsyivania soe Library ‘Ponnapiventa State University Station Road, Erie, Pennayiventa eyvand State university Resdingy Pennayivania General studies suttaing wie reanoylvenis Stace University None Aico, Penneyivanie POUL anos. 004985ee ey aa ae ce en ee resting: aay Hone Aleacgagpus The venneGivenis cate University None" Altogenneyiventa, Gleseraom and Gyn Building RS Pennovivante seat 3oSo 30h derect Road ow Kensington, Pennsylvania university Science, Engineering, Activities, Paculty ang Raminigtration, uiorary, Stuay Learning Center Now Kensington, compos. The Pennsyivanta Seate University 33s0"7en Street Road Rew Xenaington, Penseylvania Sutherland autléing he Fenneyivanie Stace Untvereiey [eto soodhand Rosa. Abington, Pennayivenia Lares putiaing TeGo"wooaland Road Abington, Pennoyivania Residence Hal Sehoyieiin. campus. The Fennayivanis Stace University Stace aughway” Sehayiesil Waven, Penneylvania Administration Butlaing Seno aap 7 Beceraighway Schuyskill #iven, Pennayivania Porker tabozatory Shenango Valley Campus The Pennsylvania state University ain watading The Pennbylventa Stace University Toa" Bagecom Avenue York, Penneyivanis Main Buitding PSULaboehy-004346AS ean maa par Belacste county campus The Pemevivanta state University 25 yeareley Mill Road Haale, Pentayivente PSU Labony.004se7ERSTE RPE Se ANiviIze Sorypincs thneazacs gorms-MANvila SALES CORPORATION, sings for Beit Eel Cletnants who wien to sssert a Property Damage claim agatnet one or mare of the Debtors for damages resulting from products mined, manufacturered or supplied by one oF nore of che Debtors must complete and execute this forn of proof of clatx and flle it with United tezchants Znfornation Service, Ine.. P. 0: Box 368, Teaneck, New Jersey 07666 on or before October 31 1954, TF ANY ITEM OF SUPORYATION REQUESTED ON THIS FORM 5 Nor APPLICABLE 7O YOUR CLAIM, PLEASE DO INDICATE WEMIE NA, (Attach additional pages whore necessary.) Pov.Laboskycoeses1. To undersigned, Steven §. Hurwies, who resides ats Address: 949 southgate Drive ie tho legal representative of The Ponnayivanta Stace University howe matiing adavoss is: University Park, Penosyivania L6s02 and iz authorized to make this proof of claim on behalf of the 2. the Dantors are Liable to this claimant, in che sum of $8,559,880.90. _ mye ground of ability ts as folios breach of express and inplied warzanties, negligence and products bility claine on the manufacture and sale of ashes cos-containing materials unsafe for human use or contact. for frlable asbestos-containing material by employees of the office of Physical Plant, Pennsylvania State University, university Park, Pennsylvania 16802, The material found in the claimant's buitding(e) was tested by USTL, 320 Kakaraway, Salt detornine whether it vas friable Lake, City, Uean e701, +6 achostoz-containing material. b. After such inspection and tasting, it wae determined that the claimant's buflding(s) identified on Exnibits PSU.Lebosy. 008949"xt and "BY contained the friable asbestos-containing material is) set forth in auch Fxnibies. ec. Attar friable ssbestas-containing material was identified though such inspection and testing, the 1g to be performed ite encepssiation, enclosure, renoval and/or replacensnt from its bufldingisl, as get forth on penibie *a" 6. Tn addition te the remedial and/or abatement work described in parageeph 3{c] above, sf will be necessary fer the clainant to cause to be porforned additional encapauiation, enclosure, removal and/or ceplacenent of friable ashestos-containing material from its bultaing(s! 8 set forth on fe. As s result of the foregoing, cteinant nae suffered and/or will euffer asbestos-related property denage [ii1 Consultation tnedical, £0.00 engineering, ote.) (iy tenetnas 50,00 (av) Relation costs 30,00 “7 Remegiad and/or 43500,020.90 vit Eatinated Renosia? ‘$8,059,870.00 fvit)—ormer Damage $0.00 PSU-Labosiy. 0049soman, $8,359,890.90 Attached herato are exhibits setting forth the estimates for sanedia2 and/or abatement work to ebove expen bbe done in the future evidencing these anounts and back-up aocuments, in the claimant possension, that descetbe further the Work performed and/er the ancunte paid ox to be paid, No judgment has been rendered om this claim. 5. The amount of any payments on behalf of Manville Corporation or any ether Debtor has been eredéted ond ciain, Mo security interest i held for this etain, 8. Claimant has not Been pass any suns by any persons who were Liable foe the seme kinds of damages alleged 9, hip claim is a general vasecured esim. sat, doa ED PENALTY FOR PRESENTING FRAUDULENT CLATH: PINE OP NOT HORE THAN $5,000 On IMPRISONMENT FOR NOP HORE THAN % YEAPS on BOTH, TYNE 18 U.8.C. $152 PSUs entssySUdabosky tasesasatis Baths cost PsusLabosty- 008353rimate coset comet eters conse PSU-Labosky onesPsULaboshyon8366sve Cap stint cane Psu.Labosky 08360pete cages seme ihit cern seset st inated co PSU-Labosky 08960BENN STATE SUNJECT: Asbestos Projects Update ineetpretea' by eeatcomeneal Reaten's Safety Sit ip insertthy feiss: “uaa chia wait ted os « dae in SESSSSESEET Neste futety so ceternne ses do the ivtonl towne 9 ‘eooval ther fa tegutted fod dering & Job 0 watt for 'c9 So arefai thet uv don" PSUsLabosty. 014683 se Genebiseebuskon Seesaey 20, 1985 Page? shove, the designers vill be doing sost of the entinating. Another nucet of eatasster dr from the asbestos fenoval coneractor onthe Stpesialiy thas they ste noe to eoneace Klean ALL deeectiy sed request = isatan” Hran_eutsoate tu Senteedfooe lean Aly theyre co conact, Niance co eeview che coqutrenent snd-to tell us whet he chinks the extent Ge requivad renoval will ber Tag a:iil woeking vith Maurine Claver te Seap us establish s troining course for the Gat, antinaeces, end sthert fe Fetoonising ond" doterniing sateaton fesovel peocedoen, "Ve ate tne ather copie thot cane up in our discussion which goes tn the oppenite Eltsetlon of minteising ssbeatoe teaovai ia the need fo handle fleet eile Shey and f uaow fe ae ie here Sos soageeed #oe itch beng, many peodectes fede ars cequleaoore vhich fe not Heine Poche tn e"by aie atonmencal es really besa. gene of Teoove eatettal| that ve haer Gonteing. anboster, 4e vould open us £0 Sovriite Invoatte at a later Gaver Therefare, 4e appeate ve do not Dave Ely chalee tue to address tenoval of floce tile ang trative a8 ae Sestce tenoval: “This applies any tise when the floot tile or eraneste SOL iSte'te te beoken op during the resoval procest, aucine 1s Locking Tor ether waye to approach thés protien end {or shesp 2teposed eethods to ignale the eaterlall Gut f believe thae our beat apprasce eight nov is t2 py ec siniatas the snout of renova secenenry on sur sonovetion be ssbostes floor filer and ghia {a conatdeted an eneapsutation and 408s se Teguise any apesial procedures.” I'nope chat ve will have sone better ove on che avec of floor tile and transite tn the near future, but for Fighe'now, I'thine ve should tey co avoid it as much as possible, debestos ts, ond vill cantiove to Ye, 4 oajor concera ands major expesie so reequnney an poontie vith Enviroment fwaith # sfesy v0 ¥y awn fe procedufes, vist sake every effort to pass along additional ESeoruation aa T get icy and T appreciate pour questions om specific projects because Suny tiove the questions thet You rates on Jour Progect five appiicabilaey ce oeeer {thane ie/fa very taporeent that te wincetn « aisiogue se shia aeonivive tesues poULabosty 014694snuery 20, 1389 piaretbueso Project Managers Rf Bedena Ro PSU-Labosty.014695Clover Mautioe 6 From CHAR. PUREE cuRwe@EAs9SUEDU> Sone fry pe 1 2065 PM & MAUARECLAER ATE sr SPAN Sine etree Cone Unt tie Ca a Bah acinar: sess Aimar jected 88 er BUINIS steve, ‘The asbestos abtement cost data you requested for ll unvrsybuligs is tached, Tam working onthe Steam Tunnels and wl 9 at To You aap. ‘Several cawats, notes and assumption for the Costs Pr Bulg: 1. Indudes only bullngs construct before 1983, which is when mst Int a, asbestos was st edn bulking mates, other than rote, 2, Does notindudetr-basd, bult-uprtng, when's ot regulated now ad doesnt show any Slgns of bing regulated inthe fut, 5, Does not include Hersey Medical Center, 4. Does not include sheds, pole bars, erate resdence gerages en ater ‘smal structures, general ess than 1000 SF. There were reltvl few and they woud have very Ie asbes, 0 Tote. 5, Does notice OPP InHouse asbestos abetement costs, do not nave access to that data and {tay be sgnient 6. Highlgned ents dente ouings that are krow to contain asbestos feproofing or celrg Plaster, in agation to pipe insulator tle, mas, ee. Cos/SF are based on stor! da ‘rem ta abate In ulcngs of Simi Se 7. Nonhighightad entae cenate buings tat assumes ony coral pipe insulators, Noel, rast, ete. Cost(SF are based ona range of Nstocal dat where these mates vee most of Comptey removed curing renovations. 8. There are bound tobe many buldngs sted that do not contaloasbestn, oF only cota sr ourts of materials. Wtnou 3 fulacleuiversty nde abestos survey Ils posse to inom. The costs have provided ature al sted ens are more rls srt the exams {sed to estimate Costa, the data for which 1 proves Ins previous sresdsnet 9. The preted costs fr total abatement at Dickinson, Ferguson, Gofand,CBL and Computer ee Induded n ths soreadsheet { PSU-Lebosky 001760,{et me know if you have any questons or need assistance in interpreting the data, Thanks lent. Burke, 14 Specs, Program Manager enn State Unersty Environmental Hes and Safety 5 elsnhomer Parking Deck University Par, PA 16802 Phone: (814) 865 - 6381, Fw (B14) 863 - 7427 mal: Gurket@ens pueda ‘Web: ntnulvo es. csueds PSU-Labesy- 001761zaLi00-bsoarrnsa“ree ac, map is wn a ig ‘590q) (Supe 204 peroeford) ‘sop meuneay Sorseqsy BIeAg Weg[Gequen 1e2)pant AoUtI2H apnisuy 04 6900) (GuypHRS 404 PEFR) ‘Se99 woulmegy somaqey 18 Wodsassoorhysoae rns Tea gusset aoe 1 P2y22F018)s9u100-Aysoae rns ‘pronase ung ots noo (Gequeg e2tpen foyss0} apmur rou £990) (BuIpuna 8a peroofoig) ‘seo uouimey saeaqey ES Wos9Li00-besoae rns sip ostey rors yee, sa pu sabent sie p24 amp 1999 ‘Gaww9a ieojpow Ao4ss0H apriour you 5900) (Buping Jog poizora) ‘Sysop wousnay seisoney AIMS wuast00-hysegernsy sips s6ee ‘prose snus azo sa i sp“serene smu nyo pun set eg gas pau 609 ‘Reog woulsiegy soveoqey aes uuagaLztoo-Ksoaer-nsa ete otes “erona seu, up i ate sue sons op sd ‘Gawu29 women Kaus opr ‘sop wowoNsexsoosasogernsd sieoietea reumonas ue mo pe Sos suey a prow Usd ar SS TR RSIS RT — 5 iw es05010_| ng 484 pense) ‘sop weuereay seiseqsy a1eg bed‘amon us, 9 ae sen kg ‘a4 =p 060 ssisisisisss iso misuisreay eneegey ee tedcxsioc-hrsoaer- sd sect ate sevmonus us. oo pe see suey spay press s0g ena nn aces cemverd saute so mm mes misunem ns per seen) psn eansainonae jue sao ue 60 ess pnp pu s00 ‘Beo9 WoUmEay eovsonsy AIMS wussessoo-hreoae-nse supnstes saimpnys your, gp pues wey pe FO 00 [boruen Ieoipaw Aouss0H epnisut oeaz100-4rs0ge rsa SEG STAT TSH CORTE] ‘se0q) (pug 204 pea!) NEY HES WHE9007 SONIGTING ONINIVLNOD SOLSAMSV :ALISUSAINN J1V1S VINVATASNNAddally Collegian‘Who does this program apply to? Arse | [t/aexe Snapshots PennState Praaienieaee Asbestos Management Program LENVIHONMENTAL ‘hitp:l/ehs psu edwasbestos-managemenv/overview feelestar "EHS Contact Mike Burke i/@psu.y Steve Rohrbach, riS@aneeds 48656391 All University employees (especially maintenance, janitorial and housekeeping) and students ey sons building material ae fon eau ‘Examples include fooring, OF asiers, celina [damaged building mils mas be epored foe reps rough your ent or ouing mlazance contacts, regardless of whether they are asbestos or not "No one may handle asbestos unless they ae licensed by PA Labor and Industry or have cers writen minor task-specific approvals from EHS, such as OPP and Housing Safety Officers, Facility Coordinators, Managers and Supervisors mus: ‘© Identify maintenance, janitorial and housekeeping employees who require training and ensze they ‘© gute non-maintenance employees and students donot damage asbestos by hanging pitas or plats, running wires, ee. fo Ensure that reports of damage are addressed ina timely manne. ‘© Ensure that EHS is involved with all renovations tha affect possible asbestos, especially iat working with OPP or campus maintenance depariments, (©. Report coatractor problems to OFP or EHS, Employees and students must: © Net handle or disturb known or suspect asbestos unless your job description and taining alow. Training requirements: © Asbestos Awareness Training is roquired annually fr those who may come in contact withsbestot “during their normal work (e.g. maintenance, janitorial, housekeeping, designers, projet msagers, ec) (© Asbestos Worker and Supervisor taining is required annually fr thse in OPP (University Prk only) ‘whose jobs require prope asbestos handling ‘© Asbestos Inspector training is required annually for those who collet building material sanges SelCinspeeton programs or requirements © Unitor project dependent (eg. mechanical ooms, prior 1 renovations) © Everyone should be observant and report damage in their buildings. Recordkeeping requirements (© Employees atending Asbestos Awareness Training must register on-line with EHS, PA DEP Asbestos Information: 9 a snessTopicsPazes/ Asbestos aspx Vus-JOBYs (OSHA Asbestos information: hp! ww osha gov SLTClasbestosindex tml [US EPA Asbestos Information: hips/Wwas.epa govlasbestos ster 9, 2018EXHIBIT GROUP 2so gl sl eesrravae seats oonrnesr Sage 25, 1979 subjects arbestor Gn June 2146 4 necting vas bald Sn ay office on the eobect of the EManoer, feueboldy agatel, Btougneorn, Menon, Bolber, 241, 004 Mg. Me Botnet (indosriat Sypienttoy fare attached, outtining the Seto, prarent eaatiote, até 6 cage {Eisted poagcas te poslshes ty the Evicementa Proeactton Apeaey ‘he Cleat cepart dLicased wus the history of the asbestor probes se taiversity Fock going ok to the fest sel ie She Ficed ts Bilan tosh the tnetennce Wehicle S ‘toed of the sauples Cahea have been due’ to concern expr br egusents andy wre recent, the feoule of visual inspections the Fieet cepct gives location, date, lostion within be bulidin renulte of the testy aid stators Jo date sctton baa been coepleted ot aly tea project she 900 in ste Bulldog and the one in che Mhystend ‘ving te do with the cutting of transite ‘ihe second Mandout se 4 cony of he BER "Spe and Laboratory tap [ipenecal apreennt that the penance of ny pectonel healthy shoe resulte in te teste halle 12 the eccent cange ate nov particolarly stare. Toe presence ive to nies Pescent fending in Aeherece Heit Cn the necooical coon fa the Yaseeest) 6 ‘probien thee should be acdressed sy tar, Detavate Classteon fusalag,” Readings there ran cots the most major problen of che ta secur a te se tha Wullding the seciftostions apparently call fer eeproct ist of ene nied strctuten gs tit floors vith apreyecon epplteation of a ‘leepteot tonpsualsAyposentiy tw aistere eestned sebentce fn the {stator The proon'fe elemare a ajriveted by the fact thie the He fate above the felon ceilisg each {iseraerven aya plenum for ait AESelangs “thee eane sat every soon tn the crete belli shouldbe este PSU Labosiy-013962ge 2 Sake 25, 1979 ucitned in the eviy eeceived EM puldeines 1 couches on whe Lnepection peo the metal of coepling and fhe precautions to be tan dating tate Ense"esgne ve tauen, she poideine nuggedt auc authode of otestive. Setion: (i) eorovel, (2) eneapaulorton (3) encore, aod (0) 20 sean, Shetousiy, the eethed fo Se weed will dipasd co the dagewe of antenton adage degree of sxpeasce ruck prascuee prenetay, hile eneapolitin iSite abviounly mien lose expensive thea temoval, the poldeliaes rohibie such necods of teenceent io thane areas vhere tee natecial ie eijest Eo'pnystcal contact by workers or stat ‘tee ptoblen in @ enjor one which vill cont many dollars to cortect che problans Of earlier contructton.” Ph University a9 aloes Sn tbe, UL tonge soaeehere bevean $130,000 ot $409,000, depend inp on tee option SNLMTag ctaY"ae SGeacere seouae (255,000 f0'4200)000."Ae'viste tua Gur cove to do's fairy cauy fob-tan between too ad Fives doliors pe oqurt foes "inst see ranovel corte 0lyy and does not tarhude the coat Of teplaciay ‘he tenoved sateriat. The replaces {0 eotiaaced ro cobt another to deliate fue squnce foots if only QO parcone of the butidags ae University Park require Sioe sore of teeaceent, at seilt equacen toe illton square feet at Average cont of $5.00 per atunte fot. ‘There is sone indicaion that the Federal government fe Becostng sare of he sine and"coopherty of the attests problems hate have been aunbet sf EUiue Ttezocucee dn congress slthough gone get have bene acted en.” The satat Tonting proposee, novevery tae omy $15,000,000 for the entire ect ‘The Saety group tn particulary concered as t0 how to respon &0 ase when they nat ise te fostion en she skertn poblen, Freviowe 2 fe “ave Sonutiyeaportas to then tha the fence has no yet been ever fou tacantarg, “temo longer can continue tray tha Tf yoo ave olde Sahu the peten souls be ascend, any nggentions would be helgfoe 4. t, Yeapley PSU-Labosky 01996910 H.0. Triebeld , Tr. FROM . ecluat — Henry are suvec. Matage Bus Hes onyont chackad cailinge for arbestes et Ferast Ratourcer lob howe ik? Pocteles de Flake DE from Hine fo He pare_ 3733-77 som Cory Aé&o, (Di casting on SHR gisdens, 4. e DATE Stone = PSU-Labosky-016135,MONWEALTHOY PENNS, ot % MANA as ae Me t3h uae onrth Heel selephone(1i7) 30268, xz. 278 com Deteber 31, 1977 Me 8, 0. Frebetds Sr Dear Mr. Teleba using an ecspat so wpection conducted at the eaceyvata seate tnisntey aa congue on aumant yan! Septeober 22, bulk tales were {leg of Insulation aaterial so the Elnnkover uileseiin meas She tian fer Hedi nt foe of te Agente estan ‘he cauples wore apaysed wong Wooay tractor and vera also exenined sicconcplesliy, Mo stiastes vas detected fe the eagle from the agreulcice Tasisteee tage ALL of th other gecpleo conateod ena «Sconce of ent of extracrdinacy deterioration, secidenta dang or arte Bt leing or eke Foretey Setources Building vere Me inoles collected 4a the Vioual “ell ar ble sweeping {pdengeh or gresecr vandeisa dn the iets mailding to Gid'ooe foateate the peaence of any ftbers Pnteroort tn vter of thete {ifogs, the follovingracomenditions are nade! h routine ensveLanee progras whch wild tne 2. Renae canagad or daterivating surfaces vhtch contain at pe nteral witha ueectne, coating whch wil ot dtret fn coe uch coating vilch may steve hl ‘Sheorers we ange that 350 iavestipice sieilar producte fro poy taboshy 012818"91 oe Stee Pam ay 3 ores sky Lab Psu.Aaetminsnne perso ch Eek at eae sFrssjor repair vores necessary. tour cooperation in thle propa for aecapartonl Bealth te greatly Georte ceavfort, J4. adeeetan Byatt PsU-Labosiy-012820EXHIBIT GROUP 3Sikig, Copy fimo. INTHE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY, PENNSYLVANIA, MARVANN'7. LABOSKY, Executrx ofthe sate of PETER LABOSKY, [R, deceased and MARYANN. LABOSKY, het evn righ Plains, ‘THE PENNSYLVANIA STATE UNIVERSITY, etal Defendants CIVIL DIVISION - ASBESTOS Go 16-002086 DEFENDANT'S RESPONSE TO PLAINTIFES' MOTION FOR ENTRY UPON PROPERTY OF A PARTY PURSUANT 70 PENNSYLVANIA RULE OF CIVIL PROCEDURE 4009.32 Filed on behalf of Defendant, ‘The Pennsylvania State University Counsel of record for thie party Richard ¢ Polley, Esquire PAD. #34283 Shannan Noe Cerrone, squire PRED. #200603, DICKIE, MECAMEY & CHILCOTE, Pc. Firm #067 ‘Two PPG Place, Sulte 400, Pietsburgh, PA 15222-5402 (412) 261-7272 JURY-TRIAL DEMANDED‘PSU malntains records regarding asbestos remediation nits buildings and can provide any relevant discoverable records upon request forthe time MF Labosky worked at FSU from 1976 t0 200 25, Furthermore, a5 PSU counsel hes told counsel for Plaintiffs on senal ‘occasions the Ferguson building has undergone extensive remediation and there ae 20 asbestos containing products inthe areos requested tobe sampled by Plants cours ‘that building - Room 208, Room 011 and Room MOL. 26, Paint’ request to obtaln bulk samples is premature and les fnruve means to obtaln that information Is available, as Pail have not yet served writen discovery of any kind, whlch may provide the necessary Information. Additionally, sending — Incerrogetories andar requests for document production is less burdensome and fares ‘ane than cloning etive academle buildings solely to allow Plants to engage in & Ashing expedition, 27. Thus, Plant’ request for bulk sampling is premature and contrary tthe Pennsylvania Rules of Civil Procedure governing discovery. 1, Plaintiffs! Request for Video Faotage of Remediation of Room 203 inshe ‘Forestry Resources Lab js Irrelevant, Burulensome, and Dangerous 28. Any video footage of the remediation process in Room 203 in 2016 isnot relevant and will not lead tothe discovery of admissible evidence. The probative value, if any, is outweighed bythe prejuicia effect. 28, The Pennsylvania Rules of Civil Procedure provide that “8 party may etsin discovery regarding any mater..which Is felevan to the subject moter involved inthe pending action” Pa. RCW. P. 4003.1. However, evidence may be excluded if protative value is outweighed by prejudicll effect. Pa. RE. 403 611 | fst IN-THE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY, PENNSYLVANIA MARYANN T, LABOSKY, Executrix of the Estate of PETER LABOSKY, JR, deceased and MARYANN T, LABOSKY, ia her own right, Plaintiff, “THE PENNSYLVANIA STATE UNIVERSITY, etal Defendants CIVIL DIVISION -asuesTos 6p 16-001086 DEFENDANT'S SUPPLEMENTAL BRIEF IN RESPONSE TO PLAINTIFFS’ MOTION FOR ENTRY UPON PROPERTY OF A PARTY PURSUANT TO PENNSYLVANIA RULE OF CIVIL PROCEDURE 4009.32 Filed on behalf af Defendant, ‘The Pennsylvania State University ‘Counsel of record for this party Richard Colley, Esquire PALD.#34283 Shannan Noe Cerrone, Esquire PALLD. #200601 DICKIE, MCCAMEY & CHILCOTE, PC Firm #067 Two PPG Place, Suite 400 Pisburgh, PA 15222-5402 (412) 201-7272 JURY-TRIAL DEMANDED.aoa, 6001086 ln the present matter, Paintifs have yet co serve any form of written inerrogitory, request for production or request for admission on Defendant In addition, there havebeen Ooo no discovery depositions taken inthis matter to determine the areas within the identified academic buildings where Mr. Labosky actually worked. Without these modes of discovery typically used to focus issues, Plaintiffs seek to conduct intrusive discovery in the form of e—eoeovE—————O closing entire academe buildin bulk sampling of an undetermined extent. Ths request i burdensome and premature Jira when bulcsomple records pertaining both bulldigs ex. A reviewa the bulk sampling sicendy performed in these two bulaings wil render the ned for adéiona tuk sampling unnecessary and redundant. For example a review of small ortionof the bulk sampling records avaliable demonstrate that ule samgling has already been performed on veo the requested areas of sampling in the Forestry Resource Laboratory building (Se Exh 1 a. Flore Mastic under the oor tle . _Dactinsuation in Mechanica Room 4. pefiting insulation nthe Mechanil Room €._ack board adhesive. Similar bulk sampling records are avaible for the Ferguson bung, Moreover, the analysis o bulk sampling done atthe Forestry Resources Lab nd at he Ferguson balding was performed by an outside company and not by Penn State UniversityIn addition to the foregoing, Plaintiffs! request for a second site inspection amounts to nothing more than a fishing expedition, As noted, there has been no evidence of record that Mr. Labosky worked in the areas, or with the products, Plalntffs seek to sample. Rather, they request the Co low them to engage in a fishing expedition, and test a multitude of produets from varying locations without offering any evidence that Mr. Labosly ever worked with those produets or in those locations, Plants’ requested means of discovery in this matter have been prohibited in Pennsylvania due to thelr extremely burdensome nature. See Sobol, supra Conclusion Plaintfs’ request for bolle sampling i= premature, contrary to the purpose of discovery as determined by the Pennsylvania Superlor Court, and there are less intrsive —oerr manne available ta Plaintiff to abtnin the information they seek —E—E—E—E—rv ‘WHEREFORE, Defendant, The Pennsylvania State University respectfully requests this Honorable Court enter an Order denying Plaintiff’ Motion for Entry Respectfully Submited, DICKIE, MeCAMEY & CHILCOTE, PC iy: /s/ Richard C, Polley __ Richard C.Polley, Shannan Noe Cerron Attorneys for Defendant, ‘The Pennsyivania State Universityufer| re IN THE COURT OF COMMMON PLEAS OF ALLEGHENY COUNTY, PENNSYLVANIA MARYANN T, LABOSKY, EXECUTRIX CIVIL DIVISION ~ ASBSESTOS OF THE ESTATE OF PETER LABOSKY AND MARYANN T, LABOSKY, INHER NO, GD 16-001086 (OWN RIGHT, Plaintit, vi A.O, SMITH CORPORATION, ET AL, - ‘COURT ORDER é z n oe consideration of Plaintiff's Motion for Entry Upon Property of a vol to Pennsylvania Rule of Civil Procedure 4008.32, the following order is entered, ‘The court being of the view that, at present, insufficient other forms of discovery have taken place so as to warrant an order mandating that Defendant give Plaintiff and Plaintif’s experts access to the subject property in order to conduct bulk sampling analysis of all materials inside each building, Plaintiff's motion is denied without prejudice to Plaintiff to refile a similar motion should Plaintiff determine such 2 motion is needed after reasonable discovery has occurred, BY THE COURT: m rnold KleinEXHIBIT GROUP 4INTHE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY, PENNSYLVANIA MARYANN T. LABOSKY, Executrix of the Estate of PETER LABOSKY, JR, deceased and MARYANN T. LABOSRKY, in her own right, Plaintis, "THE PENNSYLVANIA STATE UNIVERSITY, etal Defendants cwviL pivision GD. No, 16-001086 DEFENDANT PENNSYLVANIA STATE UNIVERSITY'S OPPOSITION TO PLAINTIFF'S MOTION TO COMPEL MORE SPECIFIC ANSWERS TO PLAINTIFF'S INTERROGATORIES Filed on behalf of Defendant, ‘The Pennsylvania State University Counsel of record for this party: Richard C Polley, Esquire PALD.W34283, Timothy J. Chiappetta, Esquire PALD. #206477 DICKIE, MCCAMEY & CHILCOTE, PC Firm #067 Two PPG Place, Suite 400 Pitesburgh, PA ‘15222-5402 (412) 281-7272finy-four (54) faculty and staff members provided by Penn State pursuant to Plant’ request for the same. 15, As stated above, Penn State has responded to the writen interrogatories at Issues fully and completely as possible at this time. 16, Plaintiffs attemps to compel further answers to these interrogatories 2 this Lime san abuse ofthe discovery process 17, Plaintiffs objections should be dismissed by this court and Plaintiff should be directed to pursue discovery through depositions. A.__ RESPONSE TO PLAINTIFF'S OBJECTIONS TO PENN STATE'S ANSWERS TO INTERROGATORIES 4,46, 47, AND 89 18, Plaintiffs objections to Penn State's Answers to Interrogatory No. 4 45, 47, and 89 claim that the interrogatories were not fully answered. 15, These objections mischaracterize Penn State's good faith responses 20, although the answer may nothave been exactly what Plaintiff was hoping for asa response, the answers provided accurately convey the information knovin to Penn State at this stage of litigation, 21, Penn Stat, ike any organization, operates through departments organize to handle specifi issues or tasks. 22, One such organization at Penn State isthe Environmental Health and Safety Department 23, Its unknown when Penn State learned ofthe potential dangers posed by exposure to asbestos. However, the Environmental Health and Safety Department created the asbestos control program to handle asbestos-related issues in 1979,EXHIBIT GROUP 5cen At THE PENNSYLVANIA STATE UNIVERSITY Due; Jone 25, 1978 Frm 2 & 240hy Sebjects Asbestos (m June 21 a seating was held ts y office oa the sbject af the asbestos problen on Dnversity property. ie attendance vete veer Storaee, Teseboldy aigael, atonggeory, Melianony Aotbery 24y, aad Hg. Me Batnet (Industri fygtonts) fe. Teiebold valhed us eheough a series of handouts, all af witch sca attached, ovtLining the Sisto, prerent agattufe, and 2 sugeated [Sonetel prancan se polishes by the Evicomeenta Praecctton Agcy fst st the Gompies taken have been due" to concecs enpecared by soeke"® ‘Sive'tecentyy cow sesolt of visual ieapeceious ease by he Esnet copore sivas location, date, Location wishin the buldseg ets, the one ie White Butlaing and the one in the Phyeteal jinasneenence ates, Raving £9 do vith the eatting of erasice The sacond handout wus s copy of the OO "Suaple sed Laboratory Heport.” te snows Samples being taben fron 21 locations fu tine cifferent buildings. Pocsocel health, thse resulte in she resteesee halle fa the aoe to saree petcent cange ae ov particutary alareing. The precesce of five to te Percent Seading in aeherton Halt (in the mechanical roon in the baseeest) is fy Ear, the mst major problen ot the aanplen cakes occurs at che elavave Elaeeeeon tating.” Lending there tan consistently At 2615-26 sg that balding the specications sppcently calted for flreprot ing of tho ngtal sttactates eo il flgors wists speeyeccon application of 8 Ebeeproné tompovnd,hgpatenty te alter conestned sapesten ia the Ce ss'thown. “The proses se belauare 1g aapesvated by ehe fact thee the alt hace shove ee falae celltng oe eath for serves ane plenue for eit PSUsLabosty-013962ovttined Sn the sevly received EBN pelinese me reese 1 touchen on che tnapection progsas and estiftcacicn of probe reas, the nathed of snpling and She presauesone tbe eaten diving tht Feet se tseanest fh Sipnie ety inate he corneiveseloe ction: (1) eesovai, @) eneapaulation, 3) encore, and (0) 20 ation Ubetbusty, the sethed fo Se'ured will dapand on the dagcor of anberter ie degen of Saynee sch enecepeaeck, le ahapslcon Brahihie such nethede of eouateent tn thons teens here tae sucerial tz htt she problem is e major one which vill cost many dollars to eoreect the eoblans of earizer consisuctions ‘Ene Gniverstey Yo eat atene i the ecopnicion of thie peoviee. There in generel revopnieian thas preceiclly U1 Schools aod ntverateiea s= the coutey face the sane problan 19:4 gree eh ¢ ‘and other regulatory corrective eve ne ngcersal inthe locker room ia Becrentioe Billing sentry etc 19000 nt 05, doen osha opie BOTLEiig tial S'Senedere around 230,000 fo 4200/00, At thite Eating, fue cont to do's fairly eaey job can Qoteees to aod thtee daars per start foot. That sae renova! conte only, and dots not favlude the cart af repistng the rosoved eateriny” The eeplacesene to eetincea eo cost anothe eve dolite pee square foot. TE only U0 percne af the butidtage at Usiveraty Park teuire fone sore of treacuent, that Siti eqates to's ailllon aquare feet at a” nerage cont of 45:00 por square £008. the site snd comiesity af the sseseoy probien. There have bes sabe af SiIas tnceoauced tn congtess although sone pet have been acted on,” The aleat Funding propose, heaeet, ane ony $18,000,000 for the entire tacton. ‘he Satery gtoup to prtieslarly concemel as to hw £9 reapond to stulets hen they nett talse the Gueatlon se che aobeston peables. Previous thls weshave honesty eorted to theo that the Fesules had aoe yet been eturael fon how this problem should be addressed, any supgestions would be helpful ter 8, Seorner PSUcLabosty.013969,sss erie rt waa Gots toed 12079 ss io wna pge ete op we ain 50) kta tle iain = 6K gt eto Su one soe yd eng by fa povatae i808 pipe amie le 6# Rate cag 8 eevee W5)—cig ley ran kG at iis =o 84 os tee ete Sm iig bly ya 9 RITE te irs ign me ne) et 103g om 8 a ee) S175 cig 8 mat) nm) ep aaron oi ware oe te Nae he tdag 729 ma eT a Uh leg eft fs a) tte Ley 72078 » ue tae oes bmt—tRe ate 1 pete eet es SS act ia wet dey Een a ‘soya, ste PSU.Labosiy-009674exe emt ues uur AS ee tin Reet ONS ‘fin Sei ‘ht ei pm pg ay Be al 3 OF foley ee ft elle be Bt fs dips nte ath nef sans nt wees am aaa tei. Tata Ln tune woné mal bers“ ite ‘aed ly ea alin, "he de tel (Oe ae ed ters ves mmo te (etalon, Sse Pies hae ee nes nD eta ate Fea oy aL 76M nition Wd ae 88TH HT a oe Mean Bo a vu aon te at am » Cd sam kai ee ie ms Sa be 97 te igri) ot ote tang Dsl tet iam kat, YEMMS gee femme eK) Fle ole eee Bt U8 et aan PSU.Labosky 009661safety Comet minutes Page 7 October 15, 1978 * 3. Their job is also to investigate hazardous conditions Sevolving chenteais, areas of discontore davelving heat and/or cold, ablae, ete, i A. Tf you ehink whee you have a chemical thet is hazardous, notify the Safety Services Office, This is especially inportant if an anizal or human Became expoyed to It and is having 2 o> retion _— 4. Teas also noted thar Abostor has teen found to be | aui00 aangerouss” e'Ts haar tonenus | tr Fis grorion of tune tissue i ©) Elfsease esiied mesothelione (aSbestes is actuafly puncturing Longs 5. WrvoTriebeld thenked Mr, Cravford for visiting with the Counei2 and Ropes that he will rovara agsta la fhe gear focare, * 1X, Spectat A. Mr. Triebolé announced that starting next month, each Ghineli Heabet Will be feauested to-aevote st igast as ‘minutes 0-2 disctssion concerning. the activities of Rs/her Coulege/bepartment Sefety Conaiteee 1, Physical Flant has been asked to present the first reports ‘THE NEXT SAFETY COUNCIL NEETING WILL BE HELD OM NOVEMBER 19, To¥s, TN ROW 404 OLD HAIN, Nonbers Prasent: Batley, Hofford for Boyles, Hani for: SRTpa andy Rolonat freemen Setters, Cape. Seppeler for Spe. olf, Flening, tre, Cather #or ketny Latenges, Seurerie, Mecite, Worser, Pectoy Pleree, huby, Sarson,.Shigiey, Spooner, Stevizt, also for Fetzer, Scrouse, ‘SEesel,"toon,.Telebald, Aluan for ayaa, Wiles Kanden' for Wipnt ‘Areas Not Reprotented: Cogtinutng Education, College of Earth Sod Winersi seloncor, Kern Graduate Blag., College of agriculture, U.D-1.S. Nefaty Lion ins ty fosenary stotes, rr univorsity Sefetf Counett Psu-Labosty-£20870ugest 8, 1915 rect CSS sat Tia fig ag hls MALE, Pavel dies i . ee ! Df 0s fers Dear CoLLengves ‘Tage comunetion 4g tatendes to ater cently gateret informa * aie and cateh antes Om Soty 21, 1975, che Mattonal Ieee for Oeespattonal Safety and Bealth Covvaned e meet of goverment ane siveredty sclentiote, indtey Fepresenecives, tod Labor uno officials 12 disease the prseny state of Souoledge etth teapect to this prenien, Oats vee pressnted by Lvestignto eon the Nout: Slant Seheol of Meteine th he fork city indicating th sorhees eogaged othe nalstenance ah repate of aconobile end rock beake Listnge sre expored eo potentially hazardous eve of alehcese asbestos dust, specific brane servicing operations stutfodnelufed Howat of sStoiablie dros brake aavenbDiee, grinding of need truck Sroke iofngsy and {veliing of new crock brake LiningesAveeage peskasbeatos str ccncentray tone fof thes three activities ascd cu person sanples ken vlthin ter Fer of the operator were, Fespectivelyy 10. 3:73 ond 373 fabere OS stsrgnr in Length) eral. ‘kn anayets of semles of brake drum cust Tevehice that sagt sll of the eebeson tibere foe wore abercer Chan ant Heron to Tevet. ewriout etudtee of che extent of anbestor ntestone from auton brake Alstdy wenr shoved that ouly avery enall fraction of the erfglsal esbestar contdst ofthe bale Tisiny te foun brake drum dat (Bef. Le3).— Te vat frotined that this tn due to theread gradation of the fibers doting brats. fre petecetEindigs dndlonte thet enough ashertor preserved to prossee Mapificant exponuren durieg certaln brake servicing procedares The full extent of aabestoo-related divase is brake servicing persomel {eg ova at present Decaute ths pareicolar oeeupattonal 30 ae tot becn studied syasenstlcally up te mv. However, a zevlee of the cietee Literature on the esaelatton tetweessabestor expose aod Siestielist tenors of the pleura and peritonese hop reveated at Test oor cence of hase tare tine in peruons ao were eoployed 19 Jobs ‘ruolving ataaohtle teske aerveing (fet. 66), PSU-Labesky-o13260For your f9forstion apd pldance, ue are eneoeing pertinent references, anaes of the population sgh ineerfa recomeerdation for rate and clutch article procedateh, tod copy ef the Deprtsent of aber ttandard everson exposure te asbestos in tbe woth place The eortrosnencal atultes of brake Iéning stevicing operations ovtlined hove toperoer vith sheeratious of areothlia! eaters in pases teplovet attire the tcaney for sorting ad uta recomended = PSU Labosky-019281lyoch, Jokes Brake bintea Decomonicion Fredets, J Ade Feltution Coneeot Ate, 18:826~26, 198 lekieh, 6.8. and Koteht, KelatBaponuee to Asbeston During Brake intaranees” Ave eeup hyp, {3417-2 1900 Jacko, Mocs and Dutharne, Rott Beaks Totaptone: talseion Measure- tents fron 'afake an clutch Lintnge from Selected Source. HA oport 62-05-0000, 1979 . Following Exposure to Asbes 226-8, 1968 ns Thenpton, Hat NesntheLiona of Plesca and FerLtoesn in the Lindon Area. Brit 3 Tod Hedy eborsly A.D. et als: pldantology of Prinury Yaligwont Hesotheltal sors 1s Canadas Coneery 26291601, 1970. Greenberg, M- and Loyd Davies, ToAnt,Yonothelices Register 1967= 1966. eed tnd Hedy 331104, 3504 PSULabesty-or3262| | Isoistor Sud a caer Sete Fy Batol neces for Gesvatonsh safer oa tuleh O05 fervicngs Doe to prelinieary data émenseraiog otgeticareatseet SE cig artes ed etl ede ening tetas Nifsw has reviewed alteriate cechnigees whereby sheeton exponorey it odaced, Tha follving are interin procedures tetomeaied by" HOS to Sinise duet exponutes. ae wal oars tatcce into tie sts sual be porta ith 20 apeson | ‘rposute warning sige ab folioee" dvoid Beeatneg Dust eas Asngoed fratective Squtynent ‘bo Wot Renate in Aven Urlers Your tore Aequtces Te Breathing Asbestos Dust May Cuse Aabestorls and Concer Dutlog brake servicing, an ade purifying respizator, ebther sfagle we frvcith replace qatecoulate filter(s), ae approved by the” HAASE Encorceneee snd Safety, adninieicatior (ovacray Sees of Mines of ‘sly shall be vorn ding ail procedoren starting vith the remo Ee the wheels and. incloding eassently. Docing ‘manual ele) Servicing, soch'a wspSeator shall be worn duelog tesovel and elEsnne Gf thr elutehs pressure plate and hoveing ancenbiy ana auring tts" Seten of the te clutch seeenly rate senesbiior nd euoteh arteries wales at Sedurteial pe atic Clenner equipped th a Sigh efficteny falter spsten (0982 efiselery for ds) pa diseetes aerosole)s After vues clean Gust shell be enoved weing ng be eer STG 4b ee stent tint lend ten Sak dn ete big ae | a uring acetng and riveting oparsttonsy un approved teaprator, Gesceibee fo {2)'shovey shall be worse Grlndieg. (arcing) chins Ghat be provided with locsl cxnecet voutlation such shat worter aponoree are nauntained at Least below tho 1976 G5UA sabestor SMEREG G3 Gre asloaodhy.e aes mintnus, the duct bag of te resng machine shell be vomoved and replaced vith che hove of he Mak 3 lfteleney industrial suewen described in () above. PSULaboeky-0132695. tnéontstal_vacuun cleaner tugs _costatntag asbesion dust ond leds ned for viptng sate snd cluschaszasblice thald be sealed fo plsste Ste. len abcd wish he folowing nani inet eines i Teter ote breathing Dust AIL asbestos vaste shalt be deposed of fe eecordence with the OFS fehestoe regulation, 29°€F4 1910101(8). burlap ronal ef. varus age, an approved! retpluatary ar. deseetued in (2) ehover shell te 6. ALL fone leaning. tn. arene shere brakes and cutehes are reptrel Shara ne-done vith the hiph effceceney Soduneessl ecu “clennet eecetsed te () shoves” Cisding” (ercing) machines shel alee be leoted th auch a ueuan cleaner end ary reneining dee waned With ¢ fiep'“clotn, “in poraved rospiratoy ay dosertoed tn G@) aboee, shall tevteed during t42'cleuote, 1, Aithouph adherence to. the shore procedures heute minintze ‘intarination of we) clothings i sa"requared, thor tha” appeort Sorclone of" the outa rogelstlos on asbeetos (29 Em 1530,1000(6) Bed 4)) concern special clotTegy change Toone ete. be follored ores suvtee asherarce to the sbove recedes should ainisize exporore: Cornechantea ding, braba and leech servicing. These are siterin recom seadntione and. ate njest to fevisin fending results of ongeing BIOS! 4 Sectton 910.1001 of the Code of Fuseeat koplations vas fornris Eectlon 1910-538, Ths change aad soted In the Federal Register, Nay 3a, 1905. Prepared By Division of Field Statler tnd ELtoieat lvestigsttous National instieves for Secepstiena) sofety end leaith iseisnitt, oo PsULnbosky.013208PSU-Labosky.o1a29saay a nk Fn prin meee sans Pies tate Hee an et tet v8 soos die isin oe ‘ine tay ee Sih oe rani ty Dino eH oe eet natin ee a po “ei he i “yore pr ito went fet fata Ob ea {2 rept tien Fie tne Man ae suse ram fen es Lng ge in fern lv wo le ened Ban UD etl aes mee en stan a8 mat sex serte oe copie Pereatdan, angen os anya PSU-Lebosiy203661arora ut sae ‘NE Pusan store 2 Ne SAOOENE MOSEL WNT uae ue yet i ewe mets T7078 " in Beg, 308 aig =e oo Se Tin Ht han = on Tn alg fe =e pe ato eB eae aon a Breen TTS ye min —roe at sat tn {la atin en pains rere in) cg = rou 8 tama ete Angst in tg, a4 » Ate TInt aim ete fu gr 8 Ana en CN oul tei tt 13K ot i eee OMS HSanes seu 8g = tn rn eo 183 et= atv en 4iny ma el TAO) en 6g noms GNA ee 119) tw ED peer KS tka tle wt eee ak a 6 1 Et lye ain a aa tain alten Ge) 906 ae te eng mae ath 8 Sletten fies pr Yee aan sn iting ta teak 0 Seine reap fen elton 1277 wf tonnes tte umm eo Ls aa iam Sr eetie cee eat 2M clita tat art aes rst ell en inet att some Tae Bas » sey wt Nasr pipe ition senso PSULabosiy 009655cose = ny ving ta fe 16 «plain oe Mos vw peal sea Anse tne en ot he lyst do, 0 we pe ie Oe a a et oe a ‘od, wt ne fe sen a gig thn lon sae Tat i ng perenne soy tt ee goth at ite fiona wept ay epi se aete borate eae PSU:Laboshy-009688emt ete few sa mse asm ee = nant 2 em Hye atin sum wt a0 am wos vam sete eto gag “temo a eso gp Tita sg nme tee fea ees a cating > St tt rns wa sas ane 8 ms om aa ‘eu yutie ‘strate Ione ers det 1% 8 wt a 028 is fant erin Seoetie eae PSU-Labesty- 003656WEALTH? PENN “ connor SMVaNg ates Shzeas of Oceupetioal Seth Be eae FourtnSezeet Teleprone (7i7) 326-2681, ext, 276 cetober 3, 1977 Me. 0. Fredeld, Je. ieseger of Selety ‘he Peneyivania sea tai 226 range Basletee Uesoereey Porky FR 16862 Daring an scapatonl bath tmpectonconuctl 4 ty tneyianin falen of ineolation saterial in che Hiznsooer falttorios Roceatry Seurcey dan, the Uiged fete Suh dee and toe A2) of the Agricul ‘The sanplee were snalyed using Wray etffraction and wet seseoconicliy. “No anbatas ves detecied in the sale fran [dsietotasion Sutatag, All of the ctbereuaples contaigedcnall enutts of ‘hryrott bee ‘ore vere no ctone of sxtraordioay deterioration, aectdental danage ot sangelten im the Heal fet fe the Forestry fusborces Bel laing tere there tad been teporte of {aking noteiale” Air samp collected the Vszal sete'mlding to deteraine prestice te sirbocte fiber se uel table soepings Gis'anetodleate the penance of any #teeee Sunferontere ip length oF reste. "careful soapeetion of those arees, Adentified as having asbestoe GGntelnio fnsulatin, at iets tvice aeatily fr stene of (itisordinary daterioation, szeldestal nage op vane], ‘etee terial. Infomation fe se such coring thicn ay rerve hte perpore ie enlosee ‘Sovcnecy me goge thet goo imvertiprte staulat products fron pguLaboshy-012818PSU-Labosky-012819A. Tetebold, Je -2- fxtober Sy 1977 our cooperation 2 thts progran for oecupartonsl baslth se greeely ndbeetat Bypteoe PSU-Labosty.012620,none tors art ute uray a im feet Un) re = ws ne TTS pe oultion Speer ama atte heart a Gs, teal 151 sear le litigate el ayn 908 i = yy 2 fa bata W802 pipe itn ose tS ale clay om 8 tm ate 15) cig bey rn 8k aS tn 150i rom 8 Wins ent 7) eaig- las i 99a HE 109 cig = om 8 sm kee Ce ee a en ee coy aarti wae uate ae ee by 729g antag ete ‘he te i rog Uh aii eC fee pe en 2 te th ce a ls tal a {e108 pe iste mt trams ete {a leat tet eae sea presen ans sim ort maton om PSU-Labosty 009674ee ene oes » 1 tine, sur tt i. ee ne ice hop | an tate ‘sa te tees tb ss ans ian mans Fle aon oer om a an rum rane au ve srt a ensaht WO Itt 2 suisse See sa Suisteates i ws 8 BAST OMT ANTES IST sur sm meer ae at ma Bivariate tm se at seamen eal psu-Labosky-13054an ed urate ho ot ‘en fh te ‘hum ati, erate Ley NY ns 108 16 wns tok ate ination = a8 te te ening = oy Wo 2 pesmi eal 8 soy Hye ES vg tab cin 8 ring net) 1008 neatly li at Oe talcie aman ceiay ave a8 men) ir (1.67 Sn) 2000 :\408 [128 RRUNRRERERCNRASRRNERERNNEOMECee se thed ener, La SS ANION ST "MARKET VALUE OF PENN STATE'S ENDOWMENTS AND SIMILAR FUNDS (Fic!yo eninge 10, 29) 2a 2300 zm aa ENDOWMENT: $3,108,000,000.00, SIMILAR FUNDS: 5_138,000, Tora: '$3,246,000,000.00,‘A YEAR OF GIVING president’ report ‘on philanthropy land endowments (INVESTMENT MANAGEMENT UPDATE ‘Peon iateendowet stems contro herd invest puta tc episod prs iad defensin aon aes Imaging oe ets weadhee tox ren aon nem eg at ‘esto minain stead pow whe mining tl ‘eke mare tation, ‘The University poids perce oth ld endowment veer serie mare ae for spending on chal snd edustionl progens The Users pending py of ‘ign ve ear erage lances nde sth ‘uthe peak dough in theme cee sing ‘porion ofthe asingsin th god yeasts eles otal yeas This roe genera came peng whe rosrvingfture parang poe, which brewn er "alte endl aay 701 plod nar ‘int lin (Ws wid ‘ithe one erent Fol Sl which nde ‘hanbieremaner sy chriabe pnnute, an er lutinome ans nadton sen erie i, repoete $8llon in aut thatre odie ive in ‘Be Lng Ter arse Fo Forte renin Sune 30 2038 ean seve S2¢elion ad tasted sce 782 nln ovr ist i years Over hisaepi e ndo ‘net ar proved $500 allan roe sppelig instr and eeu ping tt ste poarch Univers propane or ely 201th codon sooner _rperentn has erg prot eye ere (vey Inthelongerer, en Sut enone a re ged pect per er nett and exper ey 139. Thee rea demons unr growth ain nace upe nd dowaychethebll maht9905 ste eine hear fe cea bei en ‘meoteyand ebro downto tie Pe ss derailed approch ar alloned hese Uosippon ropamapnting chal Posten we malaga aise poh or [MARKET VALUE OF PENN STATE'S ENDOWMENTS AND SIMILAR FUNDS ficssc’eny ne 50.200) you os [sora 20s an Sin ato te Lorem reser hoa TP). Trenemandaeed nce try utes ir Beon State operating pol fannie harsteen conve whoo oes {0 iategaly frie Urs nity Coeng postive. hestn cea or Pom Sa ‘Ries Reese netomat ow Tera mepecrergReturn of Organization Exempt From Income Tax bn en sve tae tne crn rates OAT = 1k Forte 217 compen yar ort yearbepnnng ayy 7 ander oe 1 Senane Een Te Psa SUS Pensions Dhaene [hes a tans barman ReTa— [Rommm———[ETansa ae Dime sea ste ~ — bans 1D tremcenemnet 9 es ES SOE I STFS POTS 1D ence 7“ sexqraon 1B sean rene eat oe oT PrarsrersmnrntraniClve Cte Ese Ronan Oe Wat Ur Pak Iannis te aa Gi. yee Daoame Oem ‘Thats need egw eerie Tt Css Toa meron Summar 1) Grey dere the oganastons maven armowtapnicartacivia’ SPARS Ssfoaratalty ectng terete ane etaen. The Unive 2 SOMTESD Tw enarcnion scorivucd te operstone Gapound ot mare 3 Naerberc ong members othe govering body Par fe fl 44 Numberef naapendent etng amber othe governing bea) Pan Vina 1) 5 igen tra ‘Tota nunter lindas employed in calendar Yu 2017 PN i 2) “Total naber of vtiters fests neces 72 Toa ured busines everue rom Pat Vl, coume (he #2 ‘nied orang te ano esi Penge, he len eae aug erie om mae ji Sesemmans ee I 2 Profesional naling tas Par coun ne Te) op Soci at eat can wen an 2 Sehcewaawnwes F re a 38] 22 et assets or uns balances. Subtract ine 2 rm ne 20 sees ‘Signature Block sin |) sanz aFERMI organizations maintaining Collections of Ar, Historical Yreasure, or Other Siniar Assos corthued)_ ‘S Unnig me ogaissiows sequator aeseetion ard che rer, cha ar oe lowing Wal wea aghicat use oS lesion tame chee al et pp 1» Pubieemtsion 4 1D Lomorexchange pears Seton esenen = Come © (2) Presson for ute ganeatins 4° ‘rons escrton ol he organs cess andepan how ey ate Beeps rere pupes a Pat 15 During the yee. dé me ergezton salto reo doratons of store weasures, cher iier sets obo tld toa un tar han to bu marta es pet of he ofpanaalonscotecton? =. Yes ‘Escrow and Custodial Arrangements. Completa tte organization answered “Vee" on Farm 990, Paine 9, er ported an amet on Form 990, Pare, ine 2% Te oman av ager Wi Incase on Ferm 050, Par #7 Ove Ono 1b If*¥eneypan he arargement hPa land compete te fallowing tbe ‘SARGERAS SSDS Bar aa a 12 Beginngbasrce ie 1S estons dan he yor sa (2 Distt cing the ear i 2 Bid ne rgeiston nce an anaut on Form G00, Pat ine 2, or escrow resto accout abi? CT Vee CT WS i sven= exit aanguart in Par Wl, Caekare fa explanation has tee prod on Pat Xl > ‘Endowment Funds. CComplat the organization answered "Yes" on Form 990, Pattie 10. 2. Begining o yer balance ata il aeareonol ——zisexted tas 1 Contibutons rosa” rorpeel aes} funeral e001 1 Rerineatment ering, gas na i i (Geant senlarsips sostean| pete) ss ern) os 1 Other expenses ara Prove the eimai pert t 8 Gent yearend bance fine 9, mT a hel ows sengnas er qussherdowmert B.206% Permanent endure me ‘ho percentages on ner 2 25 an 3 sl ea 1006. ‘98 Are re sone hada ot nthapooreedon a be exganaton te ar el an arinistarad forthe ‘Srasnastony (Fes Wa (0 seretedeganzains ate 1 sted ganaatone seme ty hye on ne Sh athe ltd ego nad magus on Scheaue bef Devers n Pat Wil the rtonded urs of he xgenauons enone nes. and, Buildings, and Equipment [Gomplete the organisation aravered "Yes" on Form 000, Pat Vn 11a, See Form 990, Pat X ne 10 Te oad 7 std aod > Buadings Ea Se sna 4 Eaupmet f = see} cas ase [ERs Al ra Ta gh Too er a Fa 0 Pa ca ne = aeReturn of Organization Exempt From Income Tax bce ston Se 2, or 87a) on ter Rvan Code cet rt futon en oe eee Pro ts a = Cote Ioretnieallieliicieisaiaaieaal baila iniaite 1B ham olson reared 1B Premmeehe aE BAP cats TEP TO 1D serra acess _eostemnn Se rr sa lee eran o'Man, Yaw Pa Ioan stucmoroe rele Cle Cees Come ing pa meian Oameme Cer Wit cha rato ex copa Terese ta amen re [eran yeep [Mosman SP [a summay Tay gate Oo Te ORIG RIRIoN GOW SGA AETHER Pa BA CR a en ‘ime iment is fhe papa el Pangaea, nena wl erauah a neg vgn mis eran eran, reacarch an enc The Unrate oe ConmenaeatoPereene 2 Shaccins box fe ogarzaion esoriruca te opaatone 1 rad ot rare an i of frat et, 43 Numberot tng manbere ofthe governg body an ne Fa 3 ss 44 Nenberotiaapendont voting mambo oth governing body Pan Vl tre 1 a Tea rumba of radu employed clad you 2016 Pat V, Ie 23) Toa ruta of volurtaers estate i cossoy) ‘ra Total unalatea bsnees evans rom Pa Vl, column (ine _"b._Netunnses business taba income om For $89, na 38 5 Cantons ans ras Pan Vln 1) 4B) 9 Program sorce reverue (Part Vil ine 25) E10. qvetrmn income Part Vit ecu nes 8 nd 7 41 Other rovence Pan il etn (ne 5, 00, ard Ye) ust 12 Teta vevruead ine 6 ugh 11 frst equal Par column jn 2) ent 13 Gran and str routs pid PRK car es 1-3) TEE 6 Bena pait or mamas Part coum ne) 435 Saares char compenaaton, empoyn bert ans, clam nes 510) ro aa 18a. Protstionaltinrasing fue Pat, cour, Ine 1h ese ce ac ee tn Ye etemesnree os Spacey a ip conmuns, Paid Preparer Use Only [Eee FS Sac eo wa ape a aT es TOT cove == =sao fom 938 pon EBM organizatons tarntaring Collections of An, Historical Treasures, or Other Simiar Anse Conthued] SP Uang th organaston’s soquaton accession, Sed GD Tecate ack any oH Swng Ta 8 Sa Ur TAS Soleeon tome eck at a): 1 Pun exibition 4D Losror exchange programs Dl Senor ranean 2 Bone © 21 Prosenaton or tutur generis 4° Provide a deseo of te orpnznton'scolectons and exlan now they tater he oranaton’s xara urpsein Pat ct 15 Curing he yeu, tthe rganaatonsolct a recoe donations of itr! eae of her iar sets 1b sl ora fu rath ano ba raained as per of he rganzatonsotecion? Yes No “Escrow and Custodial Arrangement, CComalat th arganzation answered *Ves" on Form 990, Pat IV ine 9, er eported an amour on Ferm 990, Par x, ine 2 ~ Irelosed on Ferm 99, Pa? Yer One fee" expa he erangament io Parl nd compte the folowing tate Begining bance {Aiton rng th yor 1 Bistinalons dun he yar 1 ending bince ‘28 Did ne exgenaton nue an amount on Form $90, Pati ine 23, seow custo SPOTTY? bi sYas opin the arangarant Pr i. Chex hare tw explsatin has teen proved on Pst ‘Endowment Funds [Gomplate tthe organization answered "Yee" on Form 990, Pat Vo 10 ; ‘8. Begining of year balance a totees __aysreroes| —_ossousy|__roousor|_seasis|_srnasn Grane or ctolehips [—eeresan——stasen| ——esrern| sens] essa rowan 1 Aeminaratine expenses (-gameg[ naa] caer] ra] Era otyeur balance [sera] paessonol —zeearepon| —cuaano) wana Prova the estima parcetage fhe coe yearend blancs ie 1g, a Ne Ye Boar eignaes or guaiondowmert ean 1 Permanentendowmant Bn 74834 “ie prentages on Ines 2,2 and 3 Sl aun 00% ‘an Are there swat fon linha possessor he egenlation ta a held and administers fr he Spntaiony == 00 rasodoranenione Bal Tz by rveo'o ine Sh ae ltd egasaons ned segues on Stes Be Dagar n an tlhe etansed uss of he ogevsaion = endowment nds ‘Land, Buildings, and Equipment ‘Compistal tna ergarizaton arawered" on Form 980, Part, no 13%, See Fox 900, Past X. na 10, Bulense mer Sao uel? © Leasroidimcrovements ran ssa eae @ Eoupment ares ia ieee 2 omer oun as Ta Usagi Ter mt ou Fa 0, Pa Sa ne > asReturn of Organization Exempt From Income Tax nae seton #27, oF 4879 he tra Reven ote ecet pret furor] oo nt err sol sez number cn Bitar ae my be made Pie et ene ra OD ew Sector DB Newowg [Sine nasa Fo Taser aera aaaea — [mane —— Tawa Biman festa em 88 1B interne TSR a TT aeons at A ses Jooanscnent se 1B semen carne seat soteee TrarmoponnwarvestTen Clee fc ton, O18 Man Ure Prk I ester re Je C0 ‘ly deserts Te rgaNEaTana salen oven wipsicant actor! Aa PA ind po vy, Pane ‘imma ofmerovng he eso pn ol Permetean, eraon neh mrt PUR As mars, pa =i. ‘gh uly inact, rh ard oreacn, Te riers fan stunt of he Carmerath a syn 2 hnckiisbenb tw cnarizaion ssoortnued ts opersions Sazoued 6 mae an 28% oll 4 Nentera vot members ofthe governa bay Par ne 4 enter ndependert otg member ota gverng boy Pane 1) “ots nunbar ef adidas employs clon yar 205 (Pt Ve 28) ‘ola nanber of vou’ (striata recs '2 Teal unas uae everua rom Par il clu (0) ne 12 Progam sore revenue Pat il re 23) 10° Invutment ame Part il cau (ns 3,8 and 7) 11 Sterrovens Par Vs, coun A nes 85 8c, 10, and Ye) 12_Totarevoum~ad ines 8 tought? fra oq Pa calunn(n 2) 42° Grants ad sini routs pa Par urn. es 8) ear 14 Benats pd to or formamtare PaO ol Ane | 415. Salar, ohercomporeson, rpoeo beets Par Oc clan nes 6-10 sabe Yee Professional hndsng tea Par Be cole, Ine") Tol narating expenses Part clue) ne 28) 17) iter expenses Pat colt (nes tet 1 1-285 teens — o ‘dds 13-17 (mst equal Par cai (ne 25) costs) ore100 ae Tee 13000] psn BH da Netasseor tna vances Suc ie3 im ne 20 ‘oa poor Sinaure bok — son |} sama Se a Here = Gee only ame Fieessan ‘TS cecuse rT wR To preparer HowaboweT eo SETTETOTsemaine 98 pry 5 SB Mtreg ra ogsrsnss union scces os cha ecoas ost wy oe Wong AEST ‘chosen ste eat oe « G riseennvn 4.0 tom oronhange rogene 8 Senson enw $B ae fl Pest re gears 4 Prd a cesrtn of he onan’ electors denn row tn fateh anata xen pes Pat '5 During he yes, id he xganzeton suet arash donators of nite! vases of ota sit lusts obo sto ae fons tar han obo ain up of he srgaaabonscolacton yes No [EIN Escrow and Custodial Arrangements. Completa he arganzton ansreed “Yea” on Form 990, Pat, ine 9, or eporad an amount ox Fem 900, Pax. ne 24 8s aganasion av soe TURE, GAGGAN WG HarnBa GORTAGTE ST RE neue on Farm 920, Par 2 Yer Sino 1-08" euisin He arangerentin Pa landcare ne allowing ale: © Begening bance = (Adina cing the year 7 { Detroutons ang the esr ie 1 Erangbaunce r ‘28st organs nude an amour on For 90, Pat ine 21 fr eactow or eusedal scour ali?” C) Yew CI Wo ‘Endowment Funds. " [Complete the organization answered "Yes" on Form 980, Pat Vine 1. 12. Bagining of yer balance [——aseress| —zaseescn| auras] rrr) scans 'b Conretone fusieay|—rneayn estos anes) een 4 Grane orseholrsne (eseacon| 3057) ssi) oeezo9) {Otho xpandtare fr aie ars 1 + Aamnatve expenses ‘Sara| ——_qaenaiy|_—aomeen| —gameana| vas 9 Cndatyertaonce siesta! zherscom | azetavioo| wares) Trams 2 ‘Provide te estimated arcrtap fe caret you! end alaes fin 1 S5Un a Pl p's Seer esiprated or quos-endoument prs © Tarboro rosticta nai 2% ‘Tha petcertages on nes 28,25, and 3S Sua 100%. ‘enaaton 1) uroatea ogarizatons 1) rtd organs tb I Vee" online li are terest organzaton Inada egued on Seheaule RP 4° Dazuioen Pa il na nenced uso te ouanzatons endowment es. and, Buldings, and Equipment. - Completa thacrgaisaton areweras "Ves" on For $90, Part Ving 118, Soe Form 980, Par. ine 10 ed asa) z Tao Buldrgs = “rmouso) womens) mes © Lasseols improvements TC ose suaiaes ‘aa Tu gh Te Sa lst al Fo 00, Pa Xsan 0 = “aaReturn of Organization Exempt From Income Tax Unde section 26 270 487 he tra Reve Code cat prt fndtin] Oo rot enter sci eer) nanbes on sem ty bre al Ol hans ewe Dimmer Lan 1 taaemeneel Co en ane Ba CT TET Ta A Cl pmaesraten nt Pa ecru mnent feat ig] Fhe eae Sen TO Tears imo Tve Ce [Esc aron,O% an ah Inara nner ve Ce eet Gorn Slsra 73 pete eo Ce TAATanue Omron Swaine lcm emmy seer ‘rely deazrbe he oganzalorsrizaon ormon paisa a Taam, }] semmmesiinncunarasorotie pola Remefna, aon athe nnd hug ere mate F) _Gdoahasntimscng. coc andar Tu nn rune ce areata ered 2 Cheek va Sou tne orananion dacantnund ts oprston 3 Sepoata of mar tan 25% 9 nel ai 3. Number ating mertars ane govenng body Panne ts 2 S| 4 Namser of maesensent ving member of he governg bea Pat re) | 5 etal umber of rsvculsenpoyedin calnda ear 2018 Past ine 28) {Total numberof voturoursosimate tneceeeay) Tea unalaes buses revenue rom Pan Vl coi (in 2 fe © Contin and grant at ne 3) enna Sb ‘Progam servica revenue (Pat i, ne 29) Taser arr Irweaent ncaa Pa Vl cour es 3 8 nd 72h 41 Otarrovenc Par Vl coin es 8 6 8 Bo 105 ad) veo Total oven nas throug 1 neg at ese in 1) meee ‘rans An sia amounts pa Pat coun ras 13) sao Bones pad tof or metas Part cols red) Saves or compensation, enpoyes tarts Pert cour res 5-10 aT as Profesional tndrasng tec Part clara, no 10) ‘Tots tunaising expences PX coun ne 25) ® ‘reponse re een Tae ‘asa asso ano Pan oan 928) a ave lotgevn Susana hora sae Ble tee sseareniero irae Te vines Pon 28 “coma 33 zz net asots or und places, Satine 21 rom ne 20 sen ‘Signature Block eeeaenaiaiet ne tae a son DR i 0 eR aaa roma a Proparer ~ Use Only | Haeems= ———= J Dnsowaueo Fo son 21 mal janizaVons Malataining Colecons of AR, Historeal Wawsuras, or far Rasa [So 3 Usig ie ouieions aoquiton, accesso, and ser acorae, Rack ano flowing Mat we a Sgn vt OF Calton toms hace a 0 [2 Pune enon 4. Cy Loam onchange prograne 5 Senna esearch = 0 Ober © 1 Presraton or it geertons 4° Provide aaecceion othe aganantonscolWctons ang expla how thy futhar the eririzton’s exer purpose Pat {5 During no you, ld te xgenzaton soto resive donations of attr eau, or ee ni sis aba side toda han ob artanea ae pet ote ongenzton’scolacion” CO vas No ‘Escrow and Custodial Arrangement [Complete fthe organization answered "Ves" to Form 900, Part, ine 9, er repoted an amount on Fam 960, Panne 21 aT ie oganiation an apa. Buse, GARR wr ORS HOTTY WT ADA ST Included on Form 990, Pan Yes C1 no 1 "es" expan he arangemenn Pat il nd coat te loving tte {= Beginana nes %e (pessions dna the your ia 1 Dison ing te year te. 23 Dis the erganzation incase an aavt on Frm 900, Pat na 2, or esrow resto account abi? CY Ves CT Na {Yes expn he sangerenn Part Xl Chak hare tthe eupansion ha been prides Pa Xi ‘Endowment Funds [Completa the crganzation answered "Ve 0 Form 900, Part WV jn 10. 4a. Segrning ef yearuaance evar} a ‘acs snes toreee | rreesor| __saeazsuns|__serasuta]___easston|__ sams 4 Grsorstoenge [irra eel esr poser) er End ot yeu balance seteson| ——aetsano] ——veeresra] ——srrszsss| —ovanost 2_Provis ne estimates perortge of ha Sarent yesr end bares ie 19, uN al hel 32 Bows seugnates or auaerowment ® cy © Temporary resices enact 2% {Are ere snabermat fangs tthe porcerson of the ganatan te fel an esrnsee fore ‘romaston [esl We (@ urvesta organzatons seals i ramea rgenzators Sen ‘Cand, Bullings, and Equipment. Compote i ve organization ansvate “Yes" to Form 090, Part IV, ine 18. See Fox 900, Pat X, ne 10. Ted “pen aa Bulsngs saeco) 2aecroes| —soce, © Leateoldenrovements ao 0000 sree Exupmen FESS Sencar] price = omer 1 ota A na Ta gh Teor rt gua Fa 0 Pa cola he > rerom 990 Retum of Organization Exempt From Income Tax | 2" Se2¢_ 2013 — Under sections), 527, e487 he taal eran Cade ncaa founder] 2 ort 203 clpsa ory Bee fn Sed ze at eh eset eerene he Pears Bae UE ooo [pempeead irre suai ne rams as ince” fas vs Sirens Syne GF semintntrs [yaa eat 08 econ mat fence ang theese ee Teermeoren atest Too Cle ce Ran a, at fone snavarenranarClvo Co eames , Saetinnsmmeeetineinrareenre } mereemmrtntongrengieyttrs a a] t Sieracomemtnemmrsiea te Bains : 4) 6 Tota: number of vountoers [estimate necessary) 6. Thovsend ie Semeetee ene teeter ebb | — aaa —— a [% Seorcmeneaae ss 47 other expenses (Part, colurnn (A, tres 118-110, 191-248) 165502925 “$7a3eas317 fe weerenoe'n ae — EE] 22 et asonts or und Blancos, Subtract ne 21 tem line 2 -rmane700 eaes00 ‘Signature Block son |} sacra rere bs a * ) eS ae = BEn ii ieeea lesion toms chase 3 a 1B Puvte exnesion (2 Senotryreaeareh 12 Presa fr ture generabone ‘Eerow and Custoial Arrangements. (Complete te organization answered pee BP Kine 21, By Sono ag TE SSRN TTT bb 1-¥es" ewan the arangerentin Par Xi an compete 1 Begningtalance {Aare ding he year {© Distrbutons cunng the ear # Enngoinee 2a Didi orpanaationincide an aout on Form Se, Pat 1b "Yen" napinn the arargarent in Pat, Check he “Endowment Funds. Complete th sng re ergansiors sequsfon sesreson, ad char cards, neek enya a flog Ps ra eases, or Other Star Rass anced 8 C Loanerocange protane + Gomer Prove a desripion ofthe rganzatonscolectons and expan how thy futher he orarizto's extt purpose Pat During te yet, id the exganzaten soto recive donations ot a, hstoreal Yeasts, cote ir ts tthe ongratonsealeton Yeu Gino 3" to Form 980, Pat, ine 9, or reported en amaut on Form Yer ho folowing abe se near Tver Owe lon ns bean provides 4 Pail o Szation aaweres “Yee” to Fox 990, Par Wine 10. tm Saconngotyeereance . [= apeasal rao —sToeaon! seat) ri. © Conroutene — a 4 Grats or scotoains zesgco| —pierna| sera eur} es Stor enpenctee fr itis and 1 arava xpos + Beara designated or qe ensoument ee Permanent ensonment Tas (© Teroornyrerirated erase mm Tra patortagerin ines 2320, ans 2 Shall Sau! 100%. ‘38, e feo ndonment onset he possession othe organization thal ee Ned ond administered forthe Crpanaaton be (9 urea organzatons (a roses organzations bitter" to af, ae eres oganzans sted a equted on Semele RP Desi in Parti the otanded ves of ha oganzaton’s and, Bulings, and Equipment. Jane net, clana M9 3 eal —[ ul tv 3 done ne ‘Compete necogarizatn anowered "Yes" to Form 990, Part V, ne 118. See Form 990, Pan Xie 10. _ we aa a ro @ Bulange coz aus] ier 4 Eadpmert| seen] —— Serial ere [Gin Ac nae Ta reg Te SS tog Form S00, PR conn sD . aaaReturn of Organization Exempt From Income Tax Une atone 7a ot ar Rave etn may hav wat 3650 orto aay ate aging econ Seta ote cette n ee a 1D sabeercnmoe [Sonoran fame CD teem [Ritesh SES a Tra ra aranTomaal — [Rama eae irom bosoms ne 1D Semnons [chiro 1D saronamim iyo a 2m ecannenmss _snttrne 1D sootwanpean| fore dose eee ee Insc nto, Mo Un at ager Clseug| 4 teetee)aeiage Car] aman bere fe wera reenter sin ofa ais ena, anetoh and outesh T= eration atomananty oft Carmmenennn ot Panesar. 2 Check miton Lt te oganton daconinved sopra dapoicd tae ah 365 of alae 3 Numoer of voting merbare of ne govenng bay Par Vn 1 2 44 Number otinogponcont voting member ofthe governing bay Pat eT tet Total numba of nce erpoyedin cleat yor 2012 Pet Vine 23) re {Teta mbar voumeoarsonumate necaeeay) 6 4a. Total inased uae rerun rom Part il con (ne 2 [re] b_Net uve business taxable notre or oth O00, in 3 7 aria Contours an gars Part il ine 1) Proyam sevice evaue at Vt, ne 20) essa Investment ner Pa Wl cou Ines 8, snd 78) sero {thar revere Pat lela Al, nes 8,6, 8, Be, 12 and 6) 58 19h 11 must equal Part Vil, colan (A ine 12) | ab445 09000} “sts aa sir air pad Pe eur ae 5) 1 Bret pal orf merous Path calur .ines) : ‘Saurus, ater comporsnan snes bane Part outa Bes 60) [ea Protection tindresng oe Pat clan no Te) Bb Tota fundraising expenses Part IX, column ©}, ne 25) > 3 «7 Oterenponenn Pon etn (tes sta ea 4 Toaleprco Aisne 11 fo uP coun 29 1¢_Portsion xp Saarinen 1 — ie tenreninin a ea B Teaser enc aa a i ort sion =———— foe waa rare = Tape SSS ea ee oT ae For prs Reducton Ret Noon, the spate nun cane rae Fon‘Organizations Maintaining Calecions of AA, Historical Tronauros, or Other Simla Aisa onTnueg) ‘Ug the organaatons sequaton cceeson, 363 GPW recor, heck any of Plowing ar Ss SpMeNT us Of olen tame heck at ap 2 2 Puc exston 4D Lom oroxchange propane BZ. Schoaryresoaren © 0 ter © 21 Prenton fous governs 4° roi a desarpton af te erganzao'sclestons an explnn hw they tute ha organaton’s exempt purprsin Part 15 Outing toyed te rgezaton salto roche doratons of trea reaires of oer sir fascals be Sls un rather thar ou mantined a pt of he rpaneaton's clacton? yes Ino [ETN Escrow and Custoatal Arrangements. Complete i the organisation anawered "Yer Fa 0, Pan, line 9, or reposted an amount on Form $90, Par X ina 2 Ta Whe erganaaton av age, Wusiae. HOG or Gr rary STATE SAA ‘nouded on Form 20, Par x Yer Ne 1b Yes" expan he arangeentin Part il and calete ne fallowng ae: {2 Dane ergaiaion ince an amit on Form $80, Pu ine 217 oe oR ‘Endowment Funds. Corpiet {the orgariaton answered 18 Besining ot yer bance ‘rreabes| ——irameai|——izosieeal —eierero” —— sates © Netimesert earings. ga an T = ioeee ss caxerreo| __susomon| somes] osama ane sentein [ nn Genta} sana pregame _ a Endot yar bance segs ar ‘raysczomt] sens) vireo 2) Prov tn erie porcertage oe Gio yar end Banos fe, cOATn a dA Do Soares orauashercowrnart 20% > Parmaret endowment Ben 72536 Temporary resis end 2% The percentages nines 2,2, a Hi il 10% 28, re traesndowmort and hk the psneon af te ergilaton het ae hell an eit forth ‘ranzaion __ (ene () nrtte organeatons seal {rete xgonznions aaa bert Sa retested rganaons Ite as emu n Shale RP = and, Bllings, ond Equipment: Ses Form 000, Part na 1. ei —— zm a @ eauomere sas Si —— sao [Atos a Te no ar OT ares+ 990 Return of Organization Exempt From Income Tax venetian oaeerten | 20TT — ‘Beraiawnstenge”” | _® The onanemon may nave use a cooy of this ete ost ste wporing aioe Se a Sicume pase ee Te? [RE om sienme oar — ee Brom fatsan —— Bim. [scene ee 3 or ee rae ‘rat deserbe he ogavaaTova minor mn agnican aces jz Pereanansilend at ai, Te Ptr ana Sate Ura comma ngrng me lve tne sei a Perera es ‘dine mene ough fe nopes tpt mssion igh aly eat, reaesten arcu The ‘rset ennai ofa Carmona ot Penneyan ‘Gheak bs boxe] organanton ascortnuad ts opmatons disput han B86 oe ae unter ot tng members tn governng 09) Pant i ne Ta "Number ot dependent votng member fre goerng toa Par Vine) Torn number stnauls enpoyedin ear year 2018 Pa, a2 ‘Tota rumba of volar state recess) Total unases busines reverun rom Pat Vil cla (no b_Neturvelte peas rable osm tr Feet OBDT ne 3 8 Contrtons and grants Pat ine 1h | 9 Program service revenue (Per Vil, ine 2a) 10 Invent are (Bat clue ines, & and 74 i = 1 Oiherrevenae (Pat coe ne 6 Be 0 and) 2708 ous $2_Teldrovruead ies tough 1 rut ogal Par clan i 1) ass) asec, a Gents and smi routs pad Part coun (ines 3. Tsaisoa| ee $4 Banus pd oor formers Pa olan 35 Sues eter compensa, ovpoys bereft Pats, column ne 16 HE ‘he Frotessonntunarsing foes art De clam Pe) 'b Total fnarasing expenses Part clare ne 28) ETS Cine exponen Pa coher ine 15-914, 1-24) are “otal onpenees. ines 1-17 fs eau Par cohen (ne 25) oui) Fevauslors exponen Subvact ine rom ine 12 succes] ares Toast Ine 26) eS SS be Pata r sen” Proparer —— | = Use'ontysensi gen 2001 eu IEEMMII organizations Maintaining Cotectons of Ar, Hsterical Treasures, or Other Siar Assis eortrved) ‘Unni orarzabar sensor, censor, 3nd oer esate, eck any oe Tole Wa area spveat ve tS Ealloton ems nec lta bo 12 Putte exten 4 2 Leaner excnange programs (2 Seholayveaeereh + Done © © Preservation or ttre generations 1 Pra desroon of he ogi’ coleton an etn tow hay ene gears ent pose n Pat 5 During tha yer, el he erganzaton slo rectvedenaton ofa, Nstrcal oases cotter sir sesels 0 be sido rane un rate! ha abe allan spa of th tgavzalons colecion? Yes MMI Erorow and Custosiat Arrangements. Conzlate tie organcation answored Vou"to Farm@30, Part, line 8, or reported an amount on Form 980, Pat ne 21 a” fe Sgason or age Wuste,civodlar or oer Interedar CeREULers or ae ates Wek ‘petced on Fer 20, Bu? ves C1 Wo bb Yee" expla ne arangemantn Par Van compat te oto bi © Bagining bance = 1 Ending baron Get ‘2 Did epaisaion incase an amount on Fem G60, Pat, no 217 Yes Ce ‘1-28 usin he sangarentin Pat XN. 7 MEERA Endowment Funds, Compete te orparialon answered” Yee" Form 880, Pan Wine 10 ~ Spammer [Mears [Biioamtan [ef neepor ene] ora 1a. Begining yar alance Teco] osaie| Tera] oar aS tosses, susie] __samsase|___sasreos|_cvenmnra) ¢ Ohher tps or tcie ana |] "| — me eee propane - eh 1 Beminsratne expenses esas —— amar gaara 2° Provide ne sina porsntage of ha Sart yearend baarce ie 1g, i) hol Sp Seesaw aunrocewrant ara © Tenporaniy teas nasi 29% 2 perertagesin ins 23,20, an 3 Sad Sal 100% ‘asic hee ansoumert us olin he possessun othe again ta ar ald ané admired fr he ‘rganaaton by 1 uronic rganzatons (i res orcanantons tb frtven to Saas he ass organs Ine a equred on Schedule A? Deyo im ar Xv te nance eos fe aguas endowment ads and, Buldings, and Equipment. S20 Forn 850. Par x ine 1 ‘eisenet po Tis corn |W ogee] Aaa | Wana Ga sD — he esl as "> Buldinge aro Feoaasra| ——aarro01 © Leseeaid mprovemants seo 2008 za ote - $a a Ta gh Teer foal For 6, Po coe Is T = aEReturn of Organization Exempt From Income Tax | "=e Unset Sve 2 ae of ea eeu Cae cet ac un 20 ‘5 Fv he 2010 cond yer orn yeu begioing July “Baio adoring ina 30 cancer tiered Tis weesgurorir nn Eve Rane eran, Ot Man, Ur Pa _| tsa Ca ra eat 1 Brel seectba ha apeniatons mason arrow agntcat aches Pawsyvana darian. Parra Site Unrate conrtes is mprovng eles oe pati Perrier re ron “rhe word evouph te epg Creer mien nom say eecng Unies isa nstmetay afte Cormanneah of omnes 12 Ghack the box [lite agua ccna peas Spm ev FB LS 3 Numberof etna member athe govering body Pat ne) La 44 Numeerf raapandor voting mamas athe gvering boa Pan V.ne 1) a $ = Toa number trails employed alana our 2010 Pat, a2 ae Tos nba sf wurows een reusint — Tal oreretaan ves fom Paver (re 2 * an 3 Netutebeonots is feos ton are 60a a an ons nd gs Pat ow a J] 2. Peomeenceserce per viens see fo Secret ncaa re nes’ ae Gear ecto os 8 yr) an a a cea aban Oi | -—— zn aa asa nt eons Pon Ses cr Smaart ere ol aro woneon Pa cared 4/12, Stun ci incr onset pct jn |B —— is. Mehna tecnag spat earn In 1)"S Toahtndenngercetes pac corny a3 aut | a (Other expenses (Part, column (A, nes 11e-110, T1244) anrrrr2aT ‘sios 17 pete Pan cl oe 8 ae F een —— 32] 22__netassets or fund bularces,Suotacl ine 21 For ne 20 sre eras EEG Sianature Bock 2 == Use Only sam = ‘ay hw RS isc ta a SST Be AIS, YaTine irtctons ane Fon BOseo rome 12 ron ERI organizations vantaning Covectons of Ar, Historical Treasures, or Other Similar Assis Canihves)_ 3 Usng ine orgenzaions aoqusionSeceasen, 8 Sr Tacea ersck ano Flowing Pa a 8 HSE Ue TRS alton fms erace ha ph Public exntiton 4 Lennar enenange programs GZ Senolay rsesen © 0 One 2G) Present or ture pensions 4° rosie’ crsbton ote ears colons and eg how thy ter heparan rent een Pat 5 During he yer, i he organzston sole or rcaveconaton of af natal asus of one eit sels 9 ba sido raze tons ator nen to bo ained ae pa otha omanon ales serow and Gustogal Arangements. Compete ta orgivaton anaverea "Yee" FST I00, PaRIV, lino 8 or roparted an amount gn For 000, Part kre 21 _ ToT organanton av open taste, cular or ther araessy (CEASE RW SGI TT Ineuded on Ferm 999, Pam Ove One Yen explant anangaret in Pa XV and compas te oowng tte 4 kastoneaurng ty {= Dstrovtors ang te year A nang osance ‘be tne erganaton nude an eur en Form 90, Pan ine 27 ‘Endowment Funds. Coroiete is organise answared "Ves" ta Form O80, Par IV-Tne (lester [Marie —[ Wye: [meat WFO ‘2. Baginng of ysr balance Teagneta| ——TiWe| woes PSPS 8 Conroutons esas] essed] ear 18 Other expenditures for tacties anc ~ 1 Aasmnsratie xoenses as arr roa 1 Ende year bance _pareaca| ——rasviea) Ter oree 2 prove tne estate pecertogo of a year ere Baarce Fis 35 DS Pemanntrcewnen 7% Termandowrens %% 2h ieee enaonme’ Tid kine possession of te erganzaton tat af ol and arise fer the trpansaton ty Yes] No 6) urreatos organzatons fal | fi road organs Te "Verto Si ae teresa organza stad ae equied on SenesileR? 4° “Oossrbein Par XV he lensed use fe oration s endowment nos MEW ans. uae and Eausmon- Ses Po 980. Pan Ine © Leasaaisimcroverente ease] sie Saaz 4 Eaupmert i a EE Fare ‘Ta Fah alo Tg FOO PAS ORT = Eredone 2009 — Return of Organization Exempt From Income Tax Uae son SY, nr oh era avr Cote net kh 8 ett wom ee Te Pama TaD Ye a Dintewee = a consrs acme eae RTE RTT [ane aE ern soe oan ea esas ees Spr Grerveet [BBE Luntrsigy ren. pa soot Jo cuss ssie4a00 iA sry [ taeans ation dares or Ju trsrsonmseesm Coe —|oranam Spanier, Old Man Unt Park? s6t02 a oat leno Tieseereae Cie erm) Cleans Cer rns at [w Si SRP 11 By ooscrba ie airizatiors mein o ron sgncart ction Aa Pennnivanin’s and oar aiveray, The Penneyvana State University i commodo improving the lve the people of Pennsyvani, re nation ‘snd the mori through iterated par mission of high-qualy teaching Fesearen and ouveach. The University san netromentay of he Commonweal of Pennayvani. ‘huh na tows C) se appends cpea razed nom Pani umber ot veing memtars ote govering boa Pa in a). 3 ‘Numer of dependent wong member ofthe governing body Pat ne 12) Tot nurear a ereyoes Pat oe 2) ‘Tot naroer of voltae lst # neces) 7p Nat utsisied Gunes tate incoae som Fam S80 Ine Sa “area, © Contteutons ana grant (Pa Vi ne 1h) 8 Progam senie revenue Put Vl ne 23) 40 investment income at Vou, nes 3 4 0 74 14, Gina revenue Par Velen es 8, 869610 a 0) $32 ‘To overums ain heoupn rust eal Pt Vl sum he 2) 78. Grants and sina enous pai (Pa, eau as 1-3). 44. Banat pa too for mamber Par colar 138. Sabres, oar compensan,orpeyo bunts Part, cau i nes 1 ‘6a Profesional uncracing foes Pak coun, ne 76 Totalurrasg expenses Park colut D5)» 47" Omar exanans Pan coun, ines "9-18, 13 138 Toa expanses A ings 1977 (rust eva Par ature 25), 539. Bove ese eens, 5.00 Ine 18 fm rw 12 20 Toa esse Par Xn 16) crersrraca 21 Toa Inbites Pa X Ino 26) soraanenoo | srassaro00 Base ea oa ub i in sagueineg| se een ot ) seaman — alt Pau | rea se ony | Hrotraye ‘Wage use i uh wih ie pepe awn ara ew neuen vale Fo racy Ac and Paperwork Rect At Noe, 88 he apart nstctors, ‘Guim Teer or 980 pesau Yor 208 om 2 [EMI] organizations Maintaining Cotections of Ar, Watoeal Yresras, or her Silay Anis Porirua 3 Using he orpanzaton’saequsiton accession, and ete reser, hack ay of he ollwng ra ae esan ue ot | Sofecon tr check a Bat ml 2 Z)- Pubic emiton 4D Lom oreronnge rogame 5 Ysera eseron +O one © Prosenton or ute genraons 4° rove a dessin of the organizations colcon and xia ow thay ute he agent's exe purpose in Pon = wee * * 1 Sug nye te cgi st recat of a a eso ar ind oats oss ns afr nan bears sane ceeaSHS Cen Zo Escrow and Custodial rangement, Congee fhe opanaaien erated "Var TOF SH, Pat Nine 9 or epoted an amt ox Fem 306, Fan tne “ 1m fie cuoneaton a get, vse, cto ae tema fe cone wae atk included on Farm 880, For #7 " Over One oven expan the aang mPa Va anit lawn ite 1 Eoaing baance ca 25 Gh razon ncn oy ena on For Pant in 27 Yeu Une TERY. 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Number of ving members of tho govming boy Pat Vine a) 4 Norber of naopendontvoing members ofthe governing boy PV ine 8) 5 6 ‘Torn numberof enployons an ina 25) ‘Tota numberof sures lstmate# nares) 4a Tots gran eeitod tunes rover rom Par Vl ae 12 csun bho reat Cuscwss ana nics tom Form 991 bn 3 {8 Contbutons and grams Pt Vl eth 771580 Progam sare oven Par Vl ne 23) [—Baoseosoao 10 Invent incor Pail salu nas 3,6 oh Te) It Oror verse ar Wi calumn nat 5 ae, Se, 1, and 42 fous veanse™ sed ee ouput sal Pt ise Ae 2) 19" Gras and sme amounts 2a Pat fou nT) 1 Benes paid oo flr ramos (Part our Ie). t 15 Salaries, ather comoensation, employee benefits (Part IX, cokmn (A), Sires 5-10) | ___2120576087| 2791601808, ‘a esara tuna rarer asm, rao |S teleetses mc pioats en. ati | rus an coun nn et 36 ro |g Sota ns ea cw 3 | aT sre Hf x0 rosa ann an x ne 18 Testes) rT 16790000 |——s3t34000, 21 Total abate Pat Xo 25) Bo easter und blanca. Subac ina21 ot 20 580454000 44957000 ‘Signature Block i ) savers ma ed gees ns - - ior erp a = tate a aT es = For Prisey Act ond Popevark Redon Act Noes, ee he pate sto. cane ner om 80ese fom 08 am 2 [EMIT orgorizations Mastaining Colections of A, Historical Treasures, or Other Similar Assisted) {Using the erpanzaton’s accession and athe rear, chack sy ofthe flowing het are a slgnfcat uot olecton (resale op (2 Paste entation 4D Lomerorenange pregame 8D Sorciryreaoaeh +O Obe 2 Prosenaton fr tur geetons + Proje Btn of he ganeaar alton an psn how hey fre he razors ree upon {During te year, aid haga soto env eran of toca mars o ot sia, Sse 10 se to ruse nus rater an toe rata opt the rgaatan's alacant Trust, Eserow and Custodial Arrangements. Compete oransion answered "Yee" Foe 950, are ine or regtes sn amount on Form 890, Pat X ne 2, "ita oat wn art es,catdan or einai eens oa aot 3 Yes" ail te anger in Pat an cote fing ii «Begining balance set 4 gations ug the year Distbtons ain he Yaar 1 Eng bomree 25 Dane rsmanin iio en cart o orm S80, Pan, 237 Yer Une ‘en eupain the avangomet» Pat 0 ER ndowrant Funds, Cogito anor "are Fm PRA ——— taxiing of year boos ert > conor er mae vem soige rises. [1840098272 x Gono sasive estate) To : S Otnersepentre fo fins cm « Aanwetatig expenses Toaster = 5 Soares sararsv00— fee 2 rows the etinaed stcetage of he ya 76 Goel D> Board senator gna ondoume ene 34. 3 % Pomanrtorcownart babes 2 tomendoumen % 28 Kerr endonmer nds ot nthe poses of he xg ata ad nadine oe = G9 oreedeganztone goa] Tv (9 somes oroncaions az a oft Sly ww ins doin hea esre on Sener? = 1 Daten n Put Rte eros ans fe oenaions odour! EEK) vestronis= Land: Butangs, and Equipment. Se Form 90, PaAK Tas ; ia oatanoo aa anon elas “srasazraee eraaeas Fe eens oe srs000 Dooene7s 2 3 tooen saraon00 Spsasuse—)—anente70 ooh — ‘aa Ai ns Te out er Pa BX ct TOD) = areaREPORTS The Office of Investment Management is pleased to offer the following reports. (You will ned the free Adobe Acrobat Reader plugin to view these reports if younneed an accessible version please contact us) SEMI-ANNUAL REPORTS (PDFS) + June 2019 +» December 2018 June 2018 « December 2017 @ FIVE YEAR ENDOWMENT STATISTICS, + Fiscal 2019 + Fiscal 2018 Fiscal 2017 Fiscal 2016‘S-Year LTIP Facts and Figures (sain) June 30 ans 2016 207 2018) mm | Endowment 2357 23d 28S 2RSG 310K | Non-Endowed Funds? 12922 179 1g786 aT 3887 ‘Total LIP 3079 36193 4,000.1 42306 tes Similar Funds! us9 1237 1334 1390 1317 99) 18.6 707 122 | Program Spending sto 95.4 987 1052 ut Endowed Spe 423 ass 465 465 a | 1) Endonmeat— donarenitd 2) Nonndowed Funds eure for FAS 106 tbl (employeeposretiement Neth cue Dees) & Presents Stee Intinve Fun. These ands wre paced in beeen 2009 and SL 5) UTI —Commingied aes over ich Penn Sate's Ofc of Tavestent Manage (OIM) he svstest reson as approved y the ena Sate Inverters Cool (PIC) 4) Simla Pass ele it and don este fds na a Endo | Gins & Other Additions5-Year LTIP Facts and Figures nl Periods Ending June 30. — | mr mg 201s 2014 13 Investment Performance Endowment! 26% 08% 3% 179% 1% | (etme et etre) Market Values (Sesilions) | Endowment 26S 23474 28757 22858019382 | Similar Funds? 3 a7 ss as 95) Endowment and Similar Punds 2.7576 24711 24916 2398820288 Gis & Other Additions S mils) 1086 9491303922 TR ‘Annual Spending (S mils) m7 84 ROTA TAS -adowed or 1 Lio.6 048 ‘Total LTIP*& Similar Funds 133287480788 830-1 ——30837 1) dome — dnocsesiced wits 2) Similar Funds — defred gifs ané donor eis fds tanto Easowmest 3) Non Endowed Funds camathed for PAS 106 laity (employee post-iement heath ca benef) Prints ‘StatepleIntatve Fone. These ans were phased a betwee 208 ané 212 ‘ aprove by tne Penn State Iavesent Council PSIC), exclusive a's Oa nemo Managed (OM) hs ineemen ni, ‘Snir Funds et UT SEE SRE EATS ‘Office of Investment Management 2‘Annual Periods Ending Jone 30 ——— zo ole 2a 201d Invesiment Performance Endowment 08% 3.1% 79% 113 (anole et ets) 3% Market Values (S milions) Endowment! 2374 2378.7 2.2850 1982 —1,7650 mila Funds 232 ‘isa BS 957" go Endowment and Similar Funds 24711 2491.6 23985 2028918550 Gints & Other Additions ($ mils) Annual Spending (ils) 9130392298 94 OSA TS THB Non-Eindowed Punds* 12ML9 1.2822 ,1406 ogg _a308 Total LTIPS & Similar Funds 3,742.9 3.7438 3,539.1 3.0837 20988 1) Endowment — donors pt 2 Similar Funds — dete gis nd dono rence dein east Fadbwmest 3) Non Endowed Fens earmarked fr FAS 106 ili (employee post-iement heath car beefs) & Presets ‘Sate ntatve Fund. Ths enh were pein between 209 a 016. 4) Comming ses over wich Peo Sue's Ofc ofnvesment Manage (O1M) hs invesenat ess, approve bythe Pe Sa lnvesment Cou PIC), excuse o il Fuede een nar SE LAST ‘Office of Investment Management 2REPORTS ‘The Office of Investment Management is pleased to offer the following reports. (You will need the free Adobe Acrobat Reader plugin to view these reports, if you need an accessible version please contact us.) @ ~ SEMI-ANNUAL REPORTS (PDFS) + dune 2019 December 2018 + June 2018 + December 2017 FIVE YEAR ENDOWMENT STATISTICS Fiscal 2019 + Fiscal 2018 + Fiscal 2017 + Fiscal 2016PennState Long-Term Investment Pool & Similar Funds (LTIP) Investment Review for June 30, 2019 Executive Overview June 30, 2019 LTIP Market Value ():$4,466.832,166 Annualized investment returns, net of fees Yea i Veas Sears 10 Years —_20Vears un 1% 9.3% 60% 98% 60% Passive Benchmark s9% 83% 53% 8.6% 53% Srategic Asset Allocation Benchmark ssve Bench To NOCT ACWT NT Tex mS Dwr OWRTIY ARES Boa Satie Ast AlleatonBeshark SAB) is compel of fe tan ast nega Pb ues (69), ie Eau (205), aed income 105, ising (126) and Rel Ass). 69% 9.49% 6.0% 9.3% 64% ‘Long-Term Investment Pool Market Value ‘As of lune 30,2019, TTP was valued at St 47 billion, which includes $3.1 billion in endowment assets ‘aud $1.36 billion in non-endowed funds, An additonal $138 millon was held s similar funds, Fund Performance LLTIP returned 7.7% net fo the seal year ending June 30, 2019, comfortably outperforming bath the Passive Benchmark as well as the Strategie Asset Allocation Benchmark, TIP has consistently ‘outperformed the Passive Benchmark over shor, intermediate and long-term time periods. ‘Average annual net returns of 9.8% and 69% over the lst 10 and 20 years, respectively, have exceeded ‘oF approximated spending and inflation, thereby enabling TIP to achieve long-erm intrgenesional equity Investment Diversification and Asset Mix At fiseal yearend, 48% of LTIP assets were invested in public suits (domestic and foreign) and 219% in private equity and venture capital funds, fora combined 69% of LTIP representing growth-oriented sels. In addition, 11% was invested in xed income’shor-etn investments, 7% in real assets, ad 13% in diversfyinghedgedprvate credit strategies LTP Liquidity LLTIP maintains adequate liquidity to satisfy anticipated cash requirements: 32% of assets canbe converted into cash ina marerof days and 66% can be liquidated within 90 days, sna ee ICE SES ‘Office of lavestment ManagementLong-Term Investment Pool Report Investment Review for June 30, 2019 Market Value — Fiscal Year ss som MBE sano sae BON BO9 00 aan ‘ E a [| [ | [ ; AAs of June 30,2019, TIP was valued at $4.47 billion, including S1.36 billion in non-endowed finds ‘that have heen commingled into the pool. Non-posled atte — chartble remainder tse sharable sift annuities, and other life income funds in adton to donor restricted funds in transit — secouted foran additonal $138 million S-Year LTIP Facts and Figures (itons) June 30 2015 2016 2017 2018 my | © | Endowment 23187 AMT 64S 2S 31081 Non-Bndowed Funds? 1222191756708 | Tota rie 3QT9 36193 4000142006 4.4668 Similar Funds! liso 137 1334 1390 1307 Gifs & Other Adaiions ——~‘1503.=~*«SS*«SN 1707 122 Program Spending B40 984 987 1032 ut 4 Spending 42.3 ass 465 465 au 2) NoEndowed Funds wacked fr FAS 106 iby (aployeeportestement heath cre Drei) & Peden’ ‘Office of Investment Management >Endowment ‘Over the last 12 months, Fenn State University's Endowment inereased from $285 billion 1 $3.11 billion. Gifts, including the President's Steatepic Initiative Plan, added $182 million to the Endowment, while program suppor (spending) subtracted $117 milion. Current endowment spending reais at 4.5%, as approved by the Pena State Investment Counc and the University’s Board of Trustees Non-ndowed funds represented $1.36 billion, comprised oF $.25 billion in omvendowed asset that have been commingled for investment purposes but are dedicated to the ongoing funding ofthe University’s FAS 106 liability and §108 million forthe President's Strategie initiative Fund LTIP Performance — Annualized Returns Je 30,2019 | | | | 39 60.60 fi fl 9 709% SCE ACW 1 Ide, 208 Blomberg Brcles US Agrvgate For the fiscal year ended June 30,2019, LTP returned 7.7% net, surpassing the Strategic Allocation Benchmark (SAB) as well asthe Pasive Benchmark retuns of 6.9% and 5.9%, respectively. Strong investment returns generated by LTIP's private capa funds were the primary driver of outperformance relative to the benchmarks, LLTIP's investment performance is measured against a Strategic Asset Allocation Benchmark (SAB) that i comprised of public equities (46%), private equity (20%), fixed income (108), diversifying & private credit (12%), and real assets (12%). This pomtfolio serves asa blended benchmark agains which the performance ofthe actual, atively-managed, and broadly-diversfied LTIP portfolio is monitored. LTIP's perfrmance varies fom te static SAB due to several factors including, but not limited to, the timing of eash- ows, tactical shifts inthe asset mix, and individual investment manager performance and turnover. Additionally, SAB provides a guidepost to help achieve longe-tem results that are consistent with the twin objsives of| purchasing-power preservation and stable TIP spending. (Office af Investment Management .LTIP Performance Summary continued Pean State further categorizes asset classes into growth assets and defensivediverstying/eal ass. The ‘growth assets are focused on return generation snd include public and private equity, The other etegory focuses on capital preservation and diversitiaton, Defensive-Diversityng-Real Asets include ited income, diversifying strategies (including hedge funds and private credit), private real estate, and both public and private natural resources, LLTIP's performance is also measured aginst a Passive Benchmark, which i blend of 70% MSCI ACW IMI Index and 30% Bloomberg Barclays US Aggregate Bond Index, This benchmark serves asa easly ‘replicable and gui alternative tothe actively managed LTIP portfolio, In the table Below, SAB returns are calculated by taking the respective static weightings ofthe fie asset categories and ther respective index retens over I-, 3+ 5» and 10-year horizons forthe fiscal year ending Sune 30,2019: ‘Annualized Strategic Allocation Benchmark ‘Returns ‘Asse Cass Benchmark ‘Weights Year} Yeurs__S You | Publicequtes sctacwris | 46% 46% 114% 6.0% Private Equity Custom index 2 0620 Fhedincome BB AggBondindex| 10 7923, 2939 | Diversifving BB AgeBond ines | 12 = 79=S23 29a. | ss Realases criss | sss asa Satepc Asset Allocation Benchmark | 100% 69% 94% GUM 93% Lor, 53% ‘ote The wala wad above ae ized Be Sonat ove He clean para 2‘ eun sree nr nS (Office of Investment Management "Investment Market Returns In the table Below, representative financial market retusa listed for I> 3» $+ and 10-yer periods Including US equities, non-US equities, private equity, fed income, diversifying and private ere, and real asses (aie oreo Retr a of one 330 1 Year 3 Years S Years 10Years) US Eqwisies 'SEP 50 Index (US Large Cap Equities) wos 207 ‘ussll 3000 nde (Total US Ege) 99 lad 02a use 200 tnx (US Sal ap Ete) 330023 Non-US Kauites MSCI All County Word EUS Index ACWIESUS) 13.9422 6S ‘MCI Developed Non-US Index EAE) M81 2269 SCI Emerging Markets Indes (EME) 273s Sa Private quity ‘Vemire Capital (Camteidge Asai) m7 62 risate Egy (Cambridge Associate) Ts BS os Fixed income ‘lovers Barclays US Agereat Bord Index ee ee Cigfoup Wold Global Boe index (WOE) ss 0D as 2 Diversity and Private Credit Bloomberg Bare'sys US Agaregate Bond Index 1 232939 Privat Debt (Cambridge Associates) 5317346 eal Assets Bloomberg Commodities Index ss 22 91a Bloomterg Geld Indes 3500 a2 Private Res! Ext (Cambridge Associ) hos 97 "Natal Resources (Cambridge Assos) os 90-25 Cambridge Associates ret a of March 3, 2019 Office of Investment ManagementLong Term LTIP Performance ‘The chart below represents the growth of $I compounded using LTIP's average annual return of 69% forthe 20 years ending June 30, 2019 and is compared to the retuns for the S&P S00 Index, the Bloomberg Barclays Agaregate Bond Index, and the Passive Benchmark [As shown, the 20-year cumulative growth for LTIP'sdversifed portfolio outperformed the S&P 500 with less-pronounced osilations, indicating that TIP was less volatile than equities over the same Peri. Both have outpaced te growth of SI invested in a diversitied portfolio of bonds. LTIP's return also exceeded the blended return of «hypothetical passive balanced prtoio comprised of 70% equities and 30% bonds, LTIP vs Equities vs Bonds vs Passive Benchmark LFS HLF PFE SES SS SKK SKS KK _eeeeesatanmatmner ncn Sn STO ESSER (Office of Investment ManagementInvestment Diversification a Asset Mix Asst allocation is primary determinant of investment performance and sk control. LTIPYs ase mie ‘combines four strategic investment themes — growth (eonomic-sensiie), diversifying (low-senstvity to economic! investment market futuations) ral (nflation-sensitve), and defensive (eounter-sensiive ‘to market turbulence). These themes ar intended to provide LTIP witha level of resilience during Afferent market environments, while stil allowing for an absolute return that enables the portfolio to achieve its return objectives. Approximately 69% of TIP’ current allocation to growth is intended to benefit fom the capital appreciation and purchasing power protection historically offered by higher returning equity investments. Given the volatile nature of equity returns, 11% oF LTP i invested in defensive (fixed income) and 13% in various hedged and private credit statgies to provide stability and diversification during times of market turbulence and cera economic conditions. In addin, 7% of| LTP is allocated to the rea etun category to help mitigate inflationary episodes. ‘The percentages are dynamie and vary depending on matket ends and allocations approved by the Penn State Invesnent Councit + Growth (69%): 26% in publicly-traded US and 22% in publicly-traded non-US common socks; 10% in venture capital, and 11% in private equity funds + Defensive (11 tex investmentsieash investment grade bonds, 3% global investment grade bonds and St shor ‘Diversifying & Private Creit (13%): 10% diversifying, and private cei strategies + Real Return (796): 1% private realestate, 3% natural resources, and 3% commodities, (Office af Investment ManagementLong-Term Investment Pool Liquidity Financial rises are characterized, among other consideration, bya ack of liquidity, as institution re unable co meet current obligations due to insufficient cash, Inthe graph below, LTIP assets are lasted according to how quickly they canbe converted to cash. Securities listed on exchanges ot ‘eaded over-the-counter, and holdin custody as separately managed accounts, ca be lguited ona aily-bass (typically 1- and 3-day setfement for bonds and socks, respectively). Commingled portolios, ie, colletvely-managed investment pools of publicly-traded securities, ae eligible fr purchase or sale atleast once a month. Hedge fund parnersipe are typically open for atleast pti Tiguidation once a year, with afew having more and/or les frequent iuidity “windows.” Non- ‘marketable parmershis ae considered iliguid primarily because ofthe inability of limited partner investors to transact a will. Duly) Monty any rAmmuiy +1 Yes gt ‘Observations from the above graph forthe period ending June 30, 2019, ‘+ Roughly 32% of TIP asses are invested in tocks and bonds that can be converted to cash within days. Of this, 5% is curently held in money market accounts and short-term fixed + Commingled funds house 24% of TIP assets, which ae primarily non-US public equities, and «an be converted to ash monthly or, in some cases, sooner. ‘Limited partnerships with hedge fund structures account for 149% of LIP asses and canbe at least partially converied to cash annually o, in many cases, quarterly. Approximately 2% of sets are invested in limited parnerships with an investment lock-up period of between one and fve years 4+ iguid investments represent 28% of TIP assets and are invested in more than 180 dient private parerships oF other non-marketable investments that ae considered illiquid because underlying holdings ae nt realy marketable or the timing of future realizations int cash Aistributions i uncertain, (ice of Investment ManagementPennState Long-Term Investment Pool & Similar Funds (LTIP) Investment Review for Fiscal 2018 Submited Sepamber 2018 {This cover pe provides asummary oversew ofthe Bennssvania State Unversity Long-Term Investment Poo (2112) Jor sal year 208 The second page summaries LTIP related data that cuted in detail onthe remsiing page, ‘long wih performance ands Executive Overview ‘Long-Term Investment Pool (TIP) Performance Anmulied net ivestmentretrs for LTIP (adjusted forthe impact of ets and spending, and afer extra Investment management expenses) for periods ending Jane 30,2018 re ‘As of June 30,2018, LIP was valued at $423 bilon, ‘whlch includes 8288 bilo in endowment assets and $1.8 lion nnorendowed funds An atonl $139 Zillion was haat Simias Tue (oe, ge 2 ‘deals, Endowment spending ix reviewed on pages 2 snd Review of wesment Markets (ne 4) ‘The graph below compares reipestiveretame for he 12 months ending June 30,2014 and ane 30,207 for ‘he SEPSOD, MSC! Al Country World (ACW) XU, Bloomberg Commodity nde, Bloomberg Baciays US ‘Agategate Bond Index at pul raed Rel Esse Investment Truss (REIT) Indices. The market index retuns shown below re dseussd onthe btm ofthe eat ase Investment Diversification and Aset Mig 8) AL cal yearend, 509 of LTIP acts wate invest in public euties(Somesti and foreign and 204 in pate qui and venture apt fora combined 19 of UIP ‘epreserling growth-oriented ast In adn, (2% mas Invested ine income shorter invests, 8 in ‘eal asses, and 10% in ves (bedeed) aegis, ‘Comparative Fund Performance (ps 6) LTP returned 7.8% net forthe year ending Jane 30, 21 Tagging the 9.0% return of the Pasive Poli Poni and LTIP's 64% Sy ot slightly tale he Passive Pole Potolin's6 Meretwm, LTIP's Sym of 198 marginally led th passive Benchmarks eu, LLTIP Performance and Spending (7) LETP's average anmual net ets of 68% snd 7.0% for the last 10- and 20-year periods, respectively, have feerally cabled LTIP. to atin fainted Fetus nencessof spending, thereby achieving longterm imergeeratonal equity LAPP Liguidty (pe) With pearly oneal of asets converte to eash in a mater of days, LTIP maintains adequate lquiity 0 Sats atiipted ash requremens. Investment Market Returns Fiscal Years Ending June 30 203% 9% ‘S&P S00 World Ex us (Office af Investment Management Commodities 08% 03% 45% Bonds REITs eons 20173-Year LTIP Facts and Figures Annual Penis Ending ne 30 —— wis 2070s QOS Investment Performance Endowment 78% 12.6% 08% 3%, (cosh eens) Market Values (S$ milions) Endowment 851.6 26265 23474 2,375.7 2.2850 ‘Similae Funds? 3 137 ‘sa 3 Endowment and Similar Funds 2.9906 27576 24711 24016 2.3983 Gis & Other Adtions($ mils) 1707 108691303 gna Annual Spending (S mils) Ws? 98754 BLOTS Non-Endowed Funds’ _13790 13756 1271912522 1uune ‘Total LTIP! & Similar Punds 4369.6 4.1332 378307488 38391 1) Eadowren— donors gis 2) Siar Fonds — defeed gis an donors fnds in tanto Baden 5) Nor-Endowed Fund came for FAS 106 iat (ployee poste eh ie nef) & Pers Sai nitive Fund. These ins wee phased in frween 209 a9 2018 4) Conmagled sits oer neh Penn Sats Ui of nvr Manager (1) Das sent respi, ' Spmoved ty th ena Sate nesinent Coun (PSI), ecu Sme Pande Investment Market Returns for Fiscal Years Ending 2018 and 201 ‘The performance of al ivesirnent market ines that impact TIP aisle onthe previous page and incased low for the seal years ending 2018 and 2017 1+ gules: US egies, a epresented by the SAP $00, retuned 14.444 and 179%, respectively fr he fc yeas ended June 30, 3018 pd 2017 Nom US equities rprereted bythe MSCL All County Wald ex US Index, weaded lowe! ding fal 2018, retring 73% 20 59 for 2017 + Commoaie: The Bloonbers Commits Index returned 7394 in 2018 which was a marked evel fm then85% retin in 2017, Gold showed epotable incense om -6 994190 ¥4in Fiscal 2018 ‘+ Fixed Income: in fiseal 2018 the fted income sector at a whole rmsned ft through the trailing 2 mort prio, athe Bloomberg Barclays US Aggregate Bond Index showing negligbe hil from ret of 2 39ein 2017 to -Ds% 2018. 4+ REIT: Real Estate Investment Tests improved, returning 4.994 in 2018 versus 02% in 2017, em eR nT ECON OE (Office af Investment ManagementLong-Term Investment Pool Market Value {As of fue 30, 208, Penn State's TIP was valu at 423 billion, ncusing norendowed funds ine amount of 1.38 billion that have been commingled ino LTIP. Non pooled sts — carne remainder tas, cable git tes, and ote fe ieomefands in adn to danor ete ands — aeountd for ab adn $19 min, ‘own bow as Sil Funds fra otl $437 billion nase LTIP Market Value Fiscal Years Ending June 30 Gmilions) sone sii6 $3839 sie 2016 Endowment Assets Endowment ases increased by $227.2 million ding fecal 2018, fom $2.62 bilion $2.5 bilion Ae seen Inthe tbl ge 2 endowed ei added over the ast 12 months toad $170.7 millon, wile endowment program suppor (spending) amounted o 1082 Ilion Caretendownient spending remains a9, 1 approved by the Penn State University Board of Trastees, sar S139 ‘Simi Funds ‘mNonEadowed ‘Endowment 207 2018 Long-Term Investment Poo! Jn ation to endowment ails of 2.85 fon, TIP {ncldes $138 bllon in nomendowed as that ave teen commingled for investment purpore, but ae resticted to the ongoing funding of the Universiy's FAS 106 ably. Alo included in TP is S17 nlon forthe President's Stategl nite Fund In the Give years shown above, the tll endowment ‘neeased $830. milion or 248%. This eflets net ifs and reinvested earings afer providing program Support of $438.7 milion, ‘The emainde of his report wil focus on LTH, inching l commingled Sands. (iice af Investment ManagementReview of Investment Markets in Fiscal 2018 In the able belo representative Financial market tur are lated fo > 3, and S.yer periods covering four major, se stepories: Global Equties (ivded ino US Eques and Non-US quits), Fined Income, Comte, nd Private Capital The performance of investment markt that impact Pe Sate Universiy’s LTP are dissed el Annuaiaed Percentage Renn a of Jane 30.2018 Ayer Yea SY¥em US Equities ‘SEP 500 tnx (US Large Cap Bus) Me nse Russel 3000 index (Tol US Ease) Moss Russel 200 index (US Sal Cap Eutis) m6 na Bs Non-US Equities VMSCI All County Word EUS Index(ACWIEUS) 73 S16 [MSCI Developed Not-US Index (EAFE) os ast MSCI Emerging Markets Index (EME) 82 set Fixed Income Bloomberg Barclays US Agaregae Bond Index tana Cigroup World Gob Bood Index (WCB!) 2B Commodities ‘Bloomberg Commodities Index 134s 6s {old (SPDR GLD) os 17h Private Capnat (931/18) ‘entre Capital (Cambridge Asscines) no a2 ast Private Egy (Cambridge Asosnes) Ig Privat RealEstate (Cambrige Ascites) m1 93a Market Note: ‘+ Global Equites: US caus recorded double-digit advances forthe fiscal yea peed ending ane 30, 2018 [Non-US equities overall (MSCI ACWI o-US) lagged US equlies and were up 73% sn Mc 218, wih developed markets (EAFE) returning 68% and emerging mathe gues EME) tuning 82%, + Fixed Income: In fs: 2018, Bloomberg Bacay's US Aggregate Bod Index reued.%6 whi Citigroup World Global Bond index (WGBI) gael 19%, + Commodies: The Bloomberg Commodities Index rum 73% forth yer, while returning 5%, and 8 forthe 3- and S-year, respectively In Gaal 208, gl 0.5% retin lagged commodities ht continas {@ outpace longer ter + Private Capital: Cambridge Asscits Private Real Exate and Venture Capital benchmarks conned with {eins foreach ofthe I and 8-year periods ending 3312018, which she nest report pe for none Foarkeable investments Cumbeidge ASSociaes Private Equity benchmark maintained double digi rere ot tlre tine periods. (onthe following two pages, LTIP's broad and detailed asset mix is cuted followed bythe compost nvestmet returns for each ofthe four above ast categories compared o corresponding LTIP returns. var aaearttneece AC UG NREREE “Office of Investment Management .Investment Diversification and Asset Mix Asset allocations a primary deteminant of ivestnent performance an risk conto, LTIP's ase mix omnes four strategic investment themes ~ growth (economicsenstve), dversiping (low-res to econo invest ‘market ication) ral (ilaton-aeastive), and defensive (euntensestive to market ttbulene) a mani otenialretrs, while tempering volt Inthe graph blow the four macro investment themes are shown othe ‘utemost ring with heir Tue 30, 2018allcatins of Th, 1%, 8%, and 12% respectively. Over ime fe ercetages ‘ary Bepending on market tends and allocation approved by the Pena State Inveimest Cou ——— [Real Return ‘At » more granu esl, LTIP's diversified portfolio includes a vv of tron set lates tat comprise he Four sratege themes, a shown bythe slices within thefne ple (peceags ae rounded): ‘+ Growth (10%): 27% in publely-traded US and 23% in publicly-traded non-US commen stocks well 38 4 fn venture capital (VC, and 12% in private equity (PE) ands, + Diversifying (10): 7 ret Defensive (1296): 5% investment grade bonds, 2% global investment grade bonds and 5% short ned, and 3% equity related states. Real Return (84):24 privat realestate (RE), 58 natu resouces (NR), and 3% commodities. ‘The above grouping by investment hemes provides insight othe fnstional ole ofthe various ase sass within LTP. The relative allocations reflect comparative long-term etm exportation, tempered by rsk-migsing asses 0 ‘offe capital market turbulence, Hene, the approximately 70% curently allocated to growth i itende to tke advange ofthe capa apreition and prchaing power protection history offered ty bis toning equity invesiments Given the sometimes voile nature of eau furs, 12% invested in defensive (xed scame) and Toten various hedged satepes to prove sabi and diversifiation during ines of market turbulence a uncer economic conditions, In ado, 87 of LTIP i allosted to real retirninorer' help nealize nitions epson (Office ar nvestment Management .LTIP Performance Compared to Passive Portfolio LLTIP’s investment performance is measured agains x hypothetical PasivePorlin. comprised of four oad asst ‘aapoiesPullieEqus (586), Prone Capital (20%), Fixed Income (20%) and Commas (54) Tis passive pomtolio serves abs blended benchmark apaat which he performance ofthe stil, scvely-managel and mote ‘roely.diveni fad LT poole is monitored. This pproach represents practical impemenation of nese ges ‘based onthe foregoing once strategie themes “These categorie ae very broadly define the equity an fixed income extegories ince hedge nds whose satis tre equity andlor credit rene, respectively, while commodities icidehedped an longonly sti The ese, index fr Pavate Capital includes represenaive private ety, vente capital, ad private realestate armen ime weighted eum In the tbl belo, the respective static weightings ofthe four asset categories are associated with comesponing mast, benchmarks and tei espetve index erst generate PasnePorolio eur ove I 3 an year rinse the fiscal year ending 602018 Annuals Benchmatk Returns Assi Benchmark Weiting Lear eas Sears Public Buites MSCI All Country Wor sm Tk Total Private Capital Custom index 20 ne wt 32 Fixed income Bloomberg Barcly's Ag Bond 20, os Commodies Bloomberg Commodities 5 Bas 6a Tout Passve Fongote res), 100% 9.0% mae Not: The weightings used above are assumed to be conan over he etre Sear period. Penn State LTIP vs Passive Portfolio swe Paiods Ended June 30,2018, Suu Yea 3Yer Yeu [As shown above, Penn Stat’ TIP retuned 7.8% et fo fsa 2018 aging he 9.0% return ofthePasive Portia ‘ver the aing 12 month, largely due to LTIP's underseiaht posit i public euties compared te Passive Ponflo’s weighting Inthe 3- yer period the LTIP slightly walled the Passive Portfolio with reas of 64% and 6: respectively. Forte yeas psig he LP's analized 7.9% rtm was just shy ofthe 8% eumed by the theoreteal Passive Ponto “The Passive Portfiio provides a gudepot to help achieve long-term estat re consistent with he win abies of purchasing ower preservation and table LTIP spending. LTIP's performance varies ffom the sate Passive Portfolio ata consequence of several fctors, eluding but nt limited to, he ting of eash-ows, tea his In the vet mix and individual nvesnen manager performance and rover ep ER RR RRS (ice of Investment Management .Long-Term LTIP Growth and Spending In the chart below, he topline represents the cumlitive et invetnet return of Penn State's TIP overt as 20, year, verging 10% pr year, The layers lsat invests etre apportioned to propa suppor pending 8 Previously discussed on pages 2 and 3) and inflation (reared by the Higher Education Pee Index EPID, wih the remaining residual representing et, el (alaionadjsted) row LTIP Investment Return & Se £ ee P,P F we SY ‘Cumulative 20-year Returns LLt0's primacy investment gli o ear a loner ate of retin sient to suppor current spending ant reser fsre purchasing power This two-pronged objective iia by appotioning tl nonin ve, before jutng for inflation) investment ret Copmos line above) ina decree layers, representing progr oppor aod ination along witha esidal ayer coresponding tone eal wow Beonute investment retire perodclly tte ita bythe jagged tposrapy above) ral grt which nae ‘ou program support and infiation fom toa LTIP rem, erilaes around the horzamtal ne whch Ypres ntrgenertional equity” While marke! fictions have cased el prow 9 sing postive and rege arose horizontal ing intrpeerational equity hs lel been achieved 20 Years of Lt oth Relative te Equities and Bonds The wp line ofthe car above, representing the growth ofS] compound at TPs average nna eu of 7.0% for 20;eats ending 61302015, compare inthe chart Slow (LTIP ick bie ine) the same perio culative eis ioe the SRP 500 Index (SA? 500 ren ne) and Bloomberg Harly's Aggregte Bonds (BBAGG- brow ine). [As shown, the 20a cumulative growth fr LTIP' verified port has etemlly matched tha ft SAP S00 Ie with fes-pronownoed osilatins inating tht LTIP wa ls volatile than equities ovr these peso. Beth have ear outpaced th grow of81 invested in bonds (BBAGG),LTIP's cum also ctpaced the led et of ahypatetial balanced portfolio comprised of 70% equities and 30% bonds, as repesete o he Pes age LLTIP v8 S&P 500 Equities vs Bloomberg Barclays Aggregate 2c Aca is (Oiice af Investment ManagementLong-Term Investment Pool Liquidity Finacial rss ae characterized among other considerations, by a lack af lig a nuns ae ure to mest current obligations due toa lck of avalible cash. Inthe pragh below, LIP aecte ae casi according to how ‘vicky they can be converted to cash Secures listed on exchanges or aed over h-coue, nd eli custdy o> Separiely managed accounts can be guided ona dally basi (pialy1-and3-ysetenet for bond td stock, respectively). Commiagled portfolios, te, collectvly-tnanagedlnvetnen pool of publcy-taded sees, 2 ligible for purchase or sal atleast one a month. Hedge fund puterstips are cypialy ope fora ast pata Tuition onee a yes, with few having more andor ess frequent quit window” Nonmarketble ptesips ‘me considered gid pimarly because of te iat af insted pater nvr oan tl ‘wine 2018 44% sv ‘@yune 2017 23% 23% 25% 2 12% 1% Daily Monbly ‘Yeatly guia ‘Observations fom tebe (et) bars af each ofthe four pars above forthe period ending June 30, 2018 + 40% perceot of LTT asses ate invested in stocks and bonds that cane conver oss ina miter of dys, (Of his, 5s curry helen moaey markt secounts ap shot term Hed income invert. + Commingle ponfotios, marly non-US public equies, comprise 23% of LTIPases and ca become to cash monthly ori some cases, sooner. Commingld investment srvctres te wed fr non-US bldigs in Tea of repstering inthe vical counties where these loregn companies are repseed. + 12% of LTH asses are invested in various lied partners snd an bea leas partly cone fo eh annual of, inmany ese, quar + 25% percent of LTP assets ar invest in more tha 120 dferetparnerhips fds or other nae-arketile investments that are consider liu becuseunderying holdings re ypicly not readily marble othe ‘ming oF uur realization into cash dtbuions ance, The foregoing indistes that LTUP rani sicient quid to satisfy ancipated eas requirements Liquidity Trends [As shown shove, he gusty profil of Pen Sas LIP has shied somewhat from the end ffs 2017 an buss) tothe end offal 2018 (bie brs. Daly Higuidy declined to 40%, a some shorter ivestnts wes conver to longer draton iavesments. Yearly iii shited marginally in 2018 to 12% frm the 17% eel a 2017 whe iMgui non-marketableatemative assets rose slighty ‘fom 25% lo 25%. Overtime, stepped up otaiment fo rtership ill gradual esl larger repesetation by nn-macketabeivesnens (Office af Investment Managementf J PennState 7 _ Audited Financial Statements ‘The Pennsylvania State University Fiscal Year Ended June 30, 2018‘The ASC Notlor Prof Enities Presentation of Financial laters Sublope (ASC Sublop SF-208) provides uidance on tho net asset eeifcaton of donorrasticted endowrent funds forma preht fganizstons subject oan enared version ofthe Unform Pruaent anagem of Inetons fun Aet (COPMIEA and mprovesdeclosure aout an organizations endowment funds tears te the ‘ganization Is subject to UPMIFA. The Commanwesth of Pennayrana has ot adopted Jule But Father hes enacles Ponnsyivenia Act 141 (PA At 141". PA AE at perms an otganiaton’sasees to ‘atin income asa stipulsted percentage of enduron sect ostwean 2 and Pc te ar whet the ‘asses averaged over a prod of at leat tre provouing Years) winou etd lo sell re seh, br tealzed and unenized gars ‘The Univers nas itrproted PA Act 141 to parm! the University fo spend the earings af is eésument based on 8 tla return approseh, wihout regard tothe fa value cf tre orghal gt. As a aut of tis Intereetetan, the Urvrsty classes pemanery retited net asset ths orginal voue f ie onstes to he permanent endowment the oral value of subsequent gs othe permanent enue land aceumvstons to he permanent endowment rade maceordanea wt te Geen ofthe peat ‘anor git sumer atthe ie the ascurston nade fo ho fond. Funds net ae edtaments Ss esiatisnod athe aracion o Unversty management and ae sheeted se unvestitenesnte ue {o the lack of extoral donor restistons.” Caine and lees atrbvabs to pamranent endows tecorded 2s TomporarlyYoststed nat sass and gane and lessee stole fo funds funn. 28 tndowmonts are recoded as unearicted nt sets From time to timo, due to efoverabie mae Mictustons the fi value of some agsets essa vith Inavdual donor est‘cted endcument unde may fl blow te Inve ht Sones regure obo reared ae 3 perpetual fund, wheather asses se unafctd tothe same extant ana main or oxo ha level Fequres. The aggrepsia amount of defeienie a June 30,2098 and 2017 wae $14 min tod $1 3 Imiion, respectively. reported unestcied pel" actele onthe. conaoidaled "saemen of cts." Subseqvot investment gains wil be used to restore the blanc upto tela mera ave of ‘he oping Sulweyoh yun uve el sms wl be arco ou frp ented rel wa Endowment net asset compostion by ype of fond a of June 30: rmousna tates) Temporarily Pemanenty 2018 Unesticee ‘Rewind’ "Remnciad al Donorsestrctd ‘endowment funds S (142 $589595 $ TtVTOE $2008.75 Fond urctoning a ‘endowments ren.96 : 152.838 Toll nt abs FS TA TNT (ornate Temgeraly —Permanonty 20m Unestices ‘eatiiad’ "Rented Taal Donarseetrctes ‘endoument funds S120) $ saneae $ 1zqz24 5 1944507 unde nctoning bs ‘Tota scets ieee a eate US, and Canadian Institutions Listed by Fiscal Year (FY) 2019 Endowment Markt Value and Change* in Endowment Market Value from FYI8 to FY19 fore reviewing the data on the following pages, please note: For most institutions, the endowment values listed on this table ae based onthe feel ‘nding June 30,2018 (for FY18) and June 30, 2019 (for FY19), “The change in market values listed forthe parcipating institutions DOES NOT repraent the investment rate of return for the endowments investments Rates, the change inte market value of an endowment from FYI8 to FY eflects the net impact of: 1) withdrawals to find institutional operations and capital expenses; 2)the payment of endowment management and investment fees; 5) ations from donor gifts and other contributions; and 4) investment gains of losses, ‘The market values also include the estimated valuations of ral estate and ater “iliqai”asset, which may have large inereases or decreases in value during a relatively short period offime. In addition, transfers the endowment from ater institutional budget accounts, and changes in foreign currency exchange rates for non-US, investment, may account for lege changin endowment market values ‘These factors suggest tht any large inreases or decreases in endowments over the past yea may be exaggerated. As such, large percentage changes should be interpreted very sautiously, ©Copyright 2020 Navona Asciaon of Calle and esi Busine Oar and TAUS. and Canadian Institutions Listed by Fiscal Year'2019 Endowment Market Value nd Change? in “Endowment Market Value from FYI8 to FYID “Not: The change in market value does NOT represent the rae of return forte istiation' Inn valu ofan endowrnen fn PIR w FY resent inp oF ‘withawal to fun nstiiona petons an capt expenses 2\te payment of entoweat management an ivetnet ee, 5} alin om done gta eter conto ene 1 vertment uns or ivan Rae Sane he Pye] nv | ccinngsin ant | tiation {Siae|Eadoumet | doe | ita ie com | Gon | 0 1] Hanae avery wa | saT7996 | Taamon | 298 2 | edn ote System Tx | 3o3seav | sosmsan | 02 5 | YeieUaierty ct | 3oaieaen | dyastiot | 338 4 | Std Utesty x | massa | osseon | 457 5 |The trues of recon Unveity So | 2sstoma | 2srna | ay & | Manche sia Tesh Mia | irsesoon | tassuam | 639 1 | Gaver of Pmayanta Pa | Madre | ispma | 633 3 | Thera kan Uanorny 5 we | inStesa | ison | on 9 | Umer of whan ta | taaan | item | Seo to | Unveryof Cait | itera | irons | 3 1 | Gaiety ef Noe ene wm | ttaetaes | tomas | Sou 2 | Noniwescm Unvety i | wtarsis | anaes | hs 15 | catambia Unive nthe Cy of New Yok Ny | tngsozae | iogssae | 0% te | busines ine duke Uae Ne | ‘Maonooe | ‘eszene | 05 15 | TheUnieniy of Cha, i | azesact | iganues | 435 16 | Waskinjon UnveriytLous Mo | Yano | Pacis | oe 1 | Eo Caer Ga | fase | Pamtus | 36 | Emmi, SP | Sin | Presi] 1s 1 | Univer at vgn va | Tastass | hse | 29s 30 | Rocuaseniy TR | Gator | ase | 334 21 | Sone Hops Unenty mb | sarssss | isos | am 2 | Thevinden Urner " sar BS | Univer of Sour Cites cH xB X | Dannowh Galnge st By & 35 | Rieowo Sate Usveniy oH 89 on 36 | Tae Pemsyania Se Uivesy Pa | S5aai0s os 3 | New vo Uneniye Ny | Ses tos 25 | Untenty ofrecer m | Suse Fe 3 | iow Uniewy mt | Soren ihas 50 | User of man Foudationt my | 33st oe Bt | University of Nor Carla Chapel Hil and Ne [Sands | Sasa | 65s Fovndaone 32 | Unive of Wisconsin Foundation wi | ousosre | asso | set 33_| Mikes sae untersy tt | Sonam | 25050 | 3) St | Catto ttte of Techy €x | imsae | time | 33 33 | Uabery of Washington wa | Zosam | Stocie | aie 34 | ThePendntan rss of Wiis Colese Mia | Zaise | 2h00 | Sor 3) | UGA Fomdaen Ce | es | timc | ae 3h | Rare Unies mm | dasan | dsr | im 39 | Carne con Universi ra | 2sa60 & ia | Stones ottoman Coteae Na | 25500 in St | Ghvety of tment Va | Bit oS {©Copyright 2020 Watana Assocation of Coleg nd Unies Busines Ofer ond TAAEXHIBIT GROUP 7PENN STATE UNIVERISTY ~ ANNUAL BUDGET (1998 - 2020) TOTAL AMOUNT (1998-2020): $80,036,252,000.00 ‘TOTAL STATE APPROPRIATIONS PAID TO PENN STATE (1998-2020: $6507,440,000.00, Alliformation publically avaiable on PSU website: htes://raise.psu.edu/aresidents-report-on-shilanthropy.and.endowmente/ EAR Toratsuocer STATE APPROPRIATIONS PERCENT OFTOTA 2007-08 $3,411,528,000 336,230,000" 90% 2006-07 $3,209,165,000 327,715,000" 102% 2005-06 3,084,868,000 312,026,000 102% 2004-05 2,786,403,000 317,179,000 14% 2003-04 2,560,309,000 307,844,000 120% 2002-03 2,402,717,000 322,592,000 134% 2001-02 2.294,018,000 334,813,000 146% 2000-01 2,180,396,000 331,949,000 154% 1999-00 2,011,084,000 314,134,000 156% 1998-99 1.932,520,000 299,144,000 155% TOTAL $80,036,152,000.00 '$6,507,440,000.00A YEAR OF GIVING [president’s report ‘on philanthropy land endowments { 7SIFTS DESIGNATED TO SPECIFIC UNITS 2018-19 $5090 fate orton ses ATetsy 168 octane: ater eats ero NewkasenGIFTS DESIGNATED To SPECIFIC UNITS 201 Pango S007 tees us serene A889 oratinSsemh ery Aber % 48a etal Abts Psa dest henacin S00 ea "2a = as Newer a Smee es 8 ore TIS heels ses erie us Nel sons etme Cowrenoinns SHENG Cl ors ‘es htt 25 pent iat teoatrenssten wos Spa ae Betycokeetece zest ete rs ton 303 Sage a ‘Sseriatbany ‘iaseie Saale tare sags Coreen ams Xewtame ‘os Fonen ent anon SS Gaiman “at cart ass never setae at ety S570 Ohman Soom fee 200% here se Jason west te samo Hom thenadencemet aU? suman ‘THE STATE'S SHARE OF PENN STATE'S BUDGETPENNSTATE o"Shaco of Penn State's Gudget saamsesc00 sas ‘Stpuenet of osc Wasasaaoa0 Te Oprtg Butt The Pennsylvania State University 2019-20 Operating Budget July 2019 Genoa Funds: Eduction! & General Peano duction! & General Teorey ‘arcu Reseach & Cooperative Extension Colege of Medcne Peansuania Clege of Tecnology “otal - Genera Funds Federal Funds Agrieuture Restricted Funds) Eduction! & Generale) ‘geet azesten& Cooperative Esenion Calage of Medicine Peonsuania Collegeof Teehology ‘Total - Reseed Funds Aur Enterprises: (6) ssational Genera olage of Mesine Peonsvaia Colege of Technooay Total Ausilary Enterprises pene eutacnot Seopa TtpeBuepte2 as s2757300 15596000 $9025.00 2572200,000 mari6o 5038000 2.899354,000 271868,000 ssseoso00 25000 "so00.00 12435000 744670,000 5506000 2985300 483.990,000 -4336990,000Pe State Heath sytem (3) 12681873,000 Total University 5944563000 Footnotes for Schedule | (2) Includes Grants, Contracts, Restricted Gifts and Restricted Endowment Income, (b) Setf-supporting budgets representing sales and services, primarily to individuals. Educational and General Auxiliary Enterprises include Housing and Food Services, Intercollegiate Athletics, Commons Operations, Penn State Hospitality Services, Bryce Jordan Center, and Airport Operations, (Total budget for the Penn State Health System that was approved by the Board of Directors ‘of the System, rappin cutocnohStaoorra Opes ashttps://budget.psu.edu/factbook/StateAppropriatio n/TtlOperBudget1920.aspxsizer Pac St Be Onrvon a Bo 4 Sige Penn State Budget Overview ‘The goal of The Pennsylvania State University is to make its budget available to faculty, staff students and the citizens of Pennsylvania for their inspection and use. This budget overview will make it easier to navigate and understand the budget. The University provides detailed information asi relates to the current year operating budget (budget detail) and prior year actual income and expenditures (expenditure detail, This detailed look is presented at a variety of levels across more than 2,500 web pages. Penn State's Audited Financial Statements and Right-to-Know Law Reports can be viewed on the Public Accountability link, Penn State's total operating budget for 2019-20 is $6. billion. As shown on the following pe char, over TART Ts budget spars The CTP OpEavOn The Horil and incl Operctons of Penn State Health funds nearly 40% of the total budget. Restricted Funds, which include grants and contracts ‘rom private sources, represent 10.9% of the budget, The remaining budget includes funds for Auxiliary Enterprises and Agricultural Federal Funds, \Within fund type, information is presented at a variety of levels (report types). The budget and actual detail information is shown by composite summaries and administrative area summaries. Departmental groupings and individual budget level detail by function are available within administrative areas. In most cases, the salaries for department heads and unit leaders are included in the budget ofthe Dean or the Vice President to whom they report poops aioeresaeita anhttps://budget.psu.edu/openbudget/default.aspxENN: Row: 10: suasecr: Qoey Or 6 cde mace Pea 1 STATE ae Ieteroftice correspondence January 20, 1989 Distesdutton asbestos Projects Update 1 net with Norm Bedell and representatives from Boviconsentat Health & Safety’ ehls weet eo dL ‘[enuss relating to arbertos rence) Procedures cor the Unive Ttnoughe 4 would be a good lose soge of he ingorastion eat we feviered. There have been severs tecane changes relating to asbestos cork ae the University ehae have been GEseussod im some of our setings, Dut 1 waeted co pot ches Ssper a0 that evesyooe could bavavare of whet ehe procedures ineerpreted by Eoeireneectal Halen ¢ safety, vas’ to fenove ae euch atone possible whenever: it'vas-encounteres. Folloviag = th tora Sedell, Deve Seorscr, and Jia Wagner, It vas gecided that te URe ie toeolveely sequired,Opeiguely, thie will nelp Us ¢ lee in the peas at roleee agate se etd tthe any cote coorsteacaon tech Evionaencal Hoetttet Gatety to determine what to che ainiasl amount cf eaovel that 49 required. tn order to identity asbestos renoval seeds for any given project, ve have set up the procedure whereby project coming into the aysten 15 faviesed by the for Ck, ae appropriate, to decersine whether oF aot LE Es"‘ovolved in an ares whore there i knoe aE there te work 0 be doce io an ares vhere ve hnev chore 12 , the BH oe CSR ie Feapsoaible for flagging the project, and the designer will then be Feaponaible for Gaveroincay the extett of asbestos for that job. It may Se'necescaty to Sovolve Env(ronentsl Usaleh # Safety vo do testing. Should not alvays assume that ubite grapular raterial Ss asbestos.” In 50 percent of the cases, thir ds true, but tp folloving eur polley of trasap Eeinininise esbertor cenoval expenses, if there 0 any doube ater], fe SESE AE serifead before ee piaiecd. “I'inov it se often eitticne when sabectos 4s uncovered during a job co wait for testing and eristcation, gut we need co be Careful that we don't allow ourselves to Set ahead of the process and spend aoney on rexovala that are not really sabe Opty nts PSULabosky-014893iacesbucton Tonusey 10,1989 Fae 2 ‘ye news step, of course, 12 to do the extinating, and as sontioned shore, he deuigners will be detng.aost of the estingtiag. Anoeber source Of eotinates 4s fron the sabertoe tenovel contractor on the Fetainer which is currently Eleae ALi. Tart eo teaind ehe CSRs epectally chat they are not to contece Klean ALL directly and request on Estinste. If an enténate is dentees fron Kleen All, they ave to contact ‘aol Buttavage, Snvicomental Wealth 4 Safety, and faul vill arrange for Sn egtunate ducing lean All's neve visit. ot only does thin help Chance to review the requlrenent and to tellus that he thinks the extent of required renova! vill ber Ean acill working with Maurine Clever ts Weip us eseaSlisn eraining course for the CSNs, estimators, and othart Sine this Sorina, One other topic chat cane up in our discussion vbdsh goes ta the opposite {Feition-of wistufeiag TWbeston reaoval is the need to bondle floor ie { have had any question Dou ‘Jor concem because we heve act budgeted for ie'oh anny, many peosecter thts Ls a zequiresent uhich is not being Hoquitenent ia really Seing generated because of Tneurance Istvee an that conttacesrs are aot sillite to take renponefeaiity for Htnoring these soterinis thse are knows to contain some level of Slhertos. Froe the Univerrsty standpoint, if we allov » contractor &0 Tonove caterlel that we know Containe asbestos, 4 would open us C0 Goeslile Inveoite at a dover date, therefore, 10 appears ve do not have [lp choice fut to address renoval of floor tie sod tratsite as an SMhettos removal, this eppiier any tine when the floor tile or transite SELL have to be broken up during the reaoval process. wanrine 4 Looking for othar vaya to approach this poblen and for cheap disposal aethode handle the aueerial, ut I Believe thee our best approach eaght nov is £9 oy to nlnisise the anount of foneval necessary on our renovation. Jobe TF seco posetbie, we son ley carpeting or chest goods over existing Givonton floor tlle, and thia {a considered an eneupeuiation and does oct Tequite any special procedures, pope that we will have sone Yatter seve on the aves of floor tile and tranaite in the near foture, but for Hight now, T'think we showid ty ro avoid it as noch as possible. fie the University. ie se cleo sp aves where the roles and regulations fe changing siscrtconeeanty. It te very iapartane that ve communicate ‘is trequaneiy sa possttie vith Eavizonaestal Tealth & Safety to be avare SE apeaming poosecce and ato so hae they can infors vs of any changes fe procecarel, Twill make every effort to pasa along adeitional, Usebrastion ae 1 get ity and t appreciate your questians on specific projects Secnuse nany tines the questions that You false on your project Rave applicabitiay 0 other people. i ebink it ie very Snportant that ve stk psusLabosky.014894Diatetbutson Sanusey 20, 1989 piscesbuctont esta. Neg, Soden wf Claver 8. Sehtewe ae PSU-Laboshy.014695are: 0 laty he Take [THE PenisYLvANIA stare ostvenstrr Office of Phys rnterotfice Corre wrnlem Asbestor Funding Tua itice of opetenL Plane bae nen avid tht eo cents Fone Tecavailsbte for that fenile {703 Ethovatian oF uafor-talatensnce prosecta, Therefore, n order ro have S project proceed thet fa in an aren that containe asveston, your college Gr'untt will have to sbeorb the cost of the cobeatoe resova four records do net show thet you have requested any projects tor yobr aluege or unit that are in afeaa whexe asbestos has been Identified by the Departaent of Untversiey Safety, We hope to heve a centssl source of funds for esbaston renovel work $n Hie futuees In the seaneine, ve woat you to Be avare of this ae Funding policy P8UsLabosky.s16078Psu se remmina nice snemecr ADEE Coty Sttiee of Pyeteal Pane Meee rateroftice Correspetense 67 Aly etober 26, 1987 FROM. Be DK ow Steeeset PLL aboie SUBJECT: Funding of Asbestor Renoval: TSE Gea to Ceocge Lovette which Liatad aabestow badpet “YWET=BE,—Gaorge Lovette adviser ne that no ads(tions] Fane lable at tle cine for asbestos renovel projects. me Nechanieal Eagtueering Budding DOS project. fonde Vibsch wore teaneferted 414 cover the Tyson Butlding project, Pattee Library prosect and the Hlectrical Eapiaceriag West! There ta a exait spouse of funding avatlable for enall projects and for ftnergency projecte viich are related co butldiag malarensnce proecte hich are fot renovation projecta. These {unde Vill be contcaiies by Gast Willsane.. Thos, {f an-energoncy praject arises, please contact Cael for approval of the fuadiage te view of the lack of funding’ for renovation of aajor antatenuace Projecto, chey should aot proceed vieh the seauaption that. funde SUI be provides fron eesteal University funds. Ifa project requestor 4erices to proceed and furd the asbestos renovel from project fund ‘he shove policy severely Linite the renovation and major maintenance Thovever, {edo the situation at thie tine. de-hope additional Sond Sesame available in the tatucs to pereit central funding of {sbeston reanval ork. be eet 3. Re Dames ©. . Wit Mane P9U-Labosty-015088“THE PENASYLVANIA STATE UNIVERSITY September 16, 1987 Aabestor Funding tn the dtecusston with Georg 2 Lesraed that an wdlng, Eri EeSresy-sintpal for 1960/63, He eavicee thet ne hot acquited the roney Co ressstabtins Uae Fenovel project in Tyron Busiding at ies original level fey Reacerch Building and Pattee Libessy. Lcetcill be addressed in che 1980/69 €i hte will pecossicote the Office of Physicel Plant reviewing remadeling ond Tonovation projects carefully ro az nov co encounter an asbeston renovtl project betare a cenodeling project can be ondere Nore infornstion will he forthconing and Iwill Forrally advise Norm Bedell PSUsLabosty.015089RINEOUT.JENN- SubJoces AGREGTOR, vm Bi January 1970 Selzan | Shses tl Linen eG 2PSURDNIN (BEDELL.NORMAN? ‘ASBESTOS e- think-sonething De you thirk we showld go fer nove 4. Iv coy de you wane to wrote the spew and Lict the peogeets. or should 'T. The work sn Ree Mally Ay Euckheut, Ag Engineering, Scuth Frear, Ritensver, and Mi. have pushed | Sur budgde ut af funds or ssout to push Ae over the top. PER GxEWit-Emc® SeRaturn SeLeFt/Right 7=Backward BeFerward encenge ett on Ro--seagions 812 C8 E po Bisa 31790 PSU-Labosky.015053(CERTIFICATE OF SERVICE Defeat The Pennaylvania tte University’s Oposion to Pls Moto o Compl More Specific Answers to Pini Interogatores was served on counsel defendant The eanssvasia Sate Universi anda othr krown counsel of recor this the_1 aa of February, 2020 Sons Ka aes LLC. 7 Paige Jk if isinTP Rob, Eu ‘Counsel for Plaintift \

Labosky - Peter (Plt's Reply To Penn State University's Opposition To Plt's Motion To Compel)

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Labosky - Peter (Plt's Reply To Penn State University's Opposition To Plt's Motion To Compel)

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