Gonzaga University

502 East Boone Avenue, Spokane, WA  99258

www.gonzaga.edu

Gonzaga University (the “University” or “Gonzaga”) is an independent Roman Catholic Jesuit University located in Spokane that began educating students in 1887. More than 105 buildings are located on the 131 acre campus overlooking the Spokane River.

Gonzaga offers seven undergraduate degrees in 43 majors, 26 master’s degrees, one Ph.D. and one Juris Doctor through the School of Law. The College of Arts and Sciences is joined by the School of Business Administration, the School of Education, the School of Engineering, the School of Professional Studies and the School of Law. Enrollment for the 2007-08 academic year was 6,923 students.

A constant throughout the years is Gonzaga’s educational philosophy, based on the centuries-old Ignatian model of educating the whole person – mind, body and spirit. At Gonzaga, students discover how to integrate science and art, faith and reason, action and contemplation.

In fiscal-year 2009, the University issued two series of bonds through the Authority, Series 2008A in the amount of $47,550,000 and Series 2009 in the amount of $39,845,000. Both of the bond issues were issued as part of the University’s ongoing debt restructuring program.

The Series 2008A Bonds were issued as variable rate debt to refund a portion of the Series 2007 Auction Rate Bonds. The University expects to refinance the Series 2008A bonds with fixed rate debt in fiscal year 2010. The Series 2009 Bonds were issued as fixed rate bonds and the proceeds were used to refund a portion of the Series 2007 Auction Rate Bonds.

Having completed 14 bond issues to date, the University has been an active user of the Authority’s services. Two of these transactions have used the Streamlined Tax-Exempt Placement (STEP) program to acquire equipment used in support of the academic mission of the University. The par value of debt issued by the University through the Authority is $320,195,000.