2024-05-15T12:36:30-05:00 2023-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2022-07-01 160743040 HOBART AND WILLIAM SMITH COLLEGES HOBA 3157813337 300 PULTENEY STREET GENEVA NY 14456 MARK EDWARDS VP FOR FINANCE AND ADMIN. 3157813337 2024-05-15 1 MARK EDWARDS XXX-XX-XXXX 0 AIMEE JOZIC P01329472 5853811000 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MR MARK D GEARAN 337 PULTENEY STREET GENEVA NY 14456 246656667 0 X WWW.HWS.EDU X 1943 NY TO PROVIDE A STUDENT-CENTERED ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. 35 34 1688 2528 0 0 25259348 22091911 119797905 119079858 34537881 7461126 1830 2146 179596964 148635041 58801152 63260847 0 0 52948671 52687946 31716 0 4226927 50324117 53623704 162105656 169572497 17491308 -20937456 429979096 419967529 80632542 78319737 349346554 341647792 X HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. 0 0 148884270 63260847 119079858 THE COLLEGES ARE LOCATED AT THE SHORE OF SENECA LAKE ON A 320-ACRE CAMPUS IN GENEVA, NY, THE HEART OF THE FINGER LAKES REGION. HOBART AND WILLIAM SMITH STUDENTS CAN OBTAIN A BACHELOR OF ARTS, BACHELOR OF SCIENCE, OR A MASTER OF ARTS IN TEACHING DEGREE. A RICH INTERDISCIPLINARY PROGRAM AND LIMITLESS OPPORTUNITIES FOR SELF-DISCOVERY ARE HALLMARKS OF ACADEMICS AT THE COLLEGES. HOBART AND WILLIAM SMITH COLLEGES ARE ALSO KNOWN FOR AN AMBITIOUS EMPHASIS ON INTERNATIONAL STUDY AND PROGRAMS IN COMMUNITY ENGAGEMENT AND SERVICE-LEARNING. MORE THAN 60-PERCENT OF HOBART AND WILLIAM SMITH STUDENTS HAVE THE OPPORTUNITY TO STUDY ABROAD IN NEARLY 50 LOCATIONS AROUND THE WORLD. THE COLLEGES VIEW CIVIC RESPONSIBILITY, COMMUNITY ENGAGEMENT, AND INTERNATIONAL EDUCATION AS INTEGRAL COMPONENTS OF A LIBERAL ARTS EDUCATION. 148884270 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 0 0 0 1 421 0 1 1688 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA OK X MR MARK EDWARDS 3157813337 337 PULTENEY STREET GENEVA NY 14456 CASSANDRA NAYLOR BROOKS TRUSTEE/VICE CHAIR 5.00 X X 0 0 0 CALVIN R CARVER JR TRUSTEE/TREASURER 5.00 X X 0 0 0 JAMES B ROBINSON TRUSTEE/SECRETARY 5.00 X X 0 0 0 CRAIG R STINE TRUSTEE/CHAIR 5.00 X X 0 0 0 LINDA D ARRINGTON TRUSTEE 2.00 X 0 0 0 EDWARD R COOPER TRUSTEE 2.00 X 0 0 0 ANDREW L GAINES TRUSTEE 2.00 X 0 0 0 AILEEN DIVINEY GLEASON TRUSTEE 2.00 X 0 0 0 JOHN J HOGAN III TRUSTEE 2.00 X 0 0 0 WILLIAM A MARGILOFF TRUSTEE 2.00 X 0 0 0 SCOTT J MASON TRUSTEE 2.00 X 0 0 0 HERBERT J MCCOOEY JR TRUSTEE 2.00 X 0 0 0 ANDREW G MCMASTER JR TRUSTEE 2.00 X 0 0 0 ALLISON MORROW TRUSTEE 2.00 X 0 0 0 DR RICHARD SOLOMON TRUSTEE 2.00 X 0 0 0 ERIC J STEIN TRUSTEE 2.00 X 0 0 0 JOSEPH C STEIN TRUSTEE 2.00 X 0 0 0 SAMUEL A STERN TRUSTEE 2.00 X 0 0 0 WILLIAM T WHITAKER JR TRUSTEE 2.00 X 0 0 0 WARREN K ZOLA TRUSTEE 2.00 X 0 0 0 DR MARGUERITTE MURPHY TRUSTEE 2.00 X 0 0 0 JOSEPHINE GRAYSON TRUSTEE 2.00 X 0 0 0 JEREMY A COONEY ESQ TRUSTEE 2.00 X 0 0 0 DR PAULA MILTENBERGER TRUSTEE 2.00 X 0 0 0 MEHRNAZ VAHID-AHDIEH TRUSTEE 2.00 X 0 0 0 STEPHEN WONG TRUSTEE 2.00 X 0 0 0 DR RICHARD L WASSERMAN TRUSTEE 2.00 X 0 0 0 MARK GEARAN PRESIDENT, AS OF JULY, 2022 50.00 X X 263245 0 29237 ZAHEER BOWEN STUDENT TRUSTEE, THROUGH MAY 2023 2.00 X 1152 0 25000 DR KIRRA GUARD TRUSTEE 2.00 X 0 0 0 RT REV STEPHEN LANE TRUSTEE 2.00 X 0 0 0 MICHAEL E RAWLINS TRUSTEE 2.00 X 0 0 0 JULIE BAZAN D'ANGELO TRUSTEE 2.00 X 0 0 0 LUDWIG P GAINES TRUSTEE 2.00 X 0 0 0 GARRETT A MATHIESON ENDED AUGUST 22 TRUSTEE 2.00 X 0 0 0 TERESA AMOTT TRUSTEE 2.00 X 0 0 0 IRINI KONSTANTINOU STUDENT TRUSTEE, THROUGH MAY 2023 2.00 X 2263 0 38000 LOUIS GUARD GEN COUNSEL & ASST SEC 50.00 X 175123 0 14690 MARK EDWARDS VP FINANCE & ADMINISTRATION/ CFO 50.00 X 205919 0 33467 SARAH KIRK PROVOST 50.00 X 270413 0 88354 ROBERT O'CONNOR VP INSTITUTIONAL ADVANCEME 50.00 X 258607 0 104973 ALFRED DAMIANO VP STRATEGIC INITIATIVES 50.00 X 216154 0 37710 CATHERINE WILLIAMS VP MARKETING/COMMUNICATION 50.00 X 220652 0 20675 BECCA BARILE ASSOC. VP AND DEAN OF STUD 50.00 X 179186 0 55704 JAMIE MAKINSTER ASSOCIATE PROVOST 50.00 X 158259 0 16097 JOYCE P JACOBSEN PRESIDENT, THROUGH JULY, 2022 50.00 X 664996 0 46860 CAROLEE WHITE FORMER VP FIN&ADMIN & ASST. TREAS 50.00 X 235342 0 31247 2851311 0 542014 11 1 1 0 SODEXO INC AND AFFILIATES 337 PULTENEY STREET GENEVA NY 14456 DINING, FACILITIES, AND MAINTENANCE SERV 13123572 THE PIKE COMPANY ONE CIRCLE STREET ROCHESTER NY 14607 CONSTRUCTION 1432036 BARNES AND NOBLE COLLEGE BOOKSELLERS LLC 90C RAYNOR AVENUE RONKONKOMA NY 11779 BOOKSTORE 864218 FINGER LAKES HEALTH 196 NORTH ST GENEVA NY 14456 GENEVA NY 14456 HEALTH CENTER 425358 ONONDAGA COACH CORP 7659 N ST RD AUBURN NY 13021 TRANSPORTATION SERVICES 402345 18 3167733 18924178 3050696 22091911 TUITION AND FEES 611600 94760392 94760392 STUDENT HOUSING 721310 12705205 12705205 DINING SERVICES 722320 8111384 8111384 OTHER PROGRAM SERVICE REVENUE 611600 3502877 3502877 119079858 3888378 3888378 6328 4182 2146 2146 2146 100122582 1467610 96077719 1939725 4044863 -472115 3572748 3572748 148635041 119079858 0 7463272 233946 233946 63026901 63026901 1847964 261435 1383106 203423 39687607 32260811 4800444 2626352 2053140 1607604 305658 139878 6207452 4860419 924126 422907 2891783 2264259 430510 197014 225125 225125 198340 198340 771439 168361 603078 12549334 9789406 2708787 51141 69320 46664 21493 1163 2195147 1635643 383251 176253 1077724 366831 710893 12995042 11955940 1034419 4683 1869301 1675116 80575 113610 1785694 1148468 368686 268540 2492271 2492271 7503486 7075410 428076 1741824 2846 1736978 2000 MISC ATHLETICS 2936649 2936649 MISC GLOBAL ED 2533205 2532107 1098 OTHER 1632514 1495894 116657 19963 MISC LIBRARY 1047289 1047289 169572497 148884270 16461300 4226927 21277871 9997516 9326775 12980079 1071729 2068848 1541551 1184024 3500907 2311432 318875896 164208935 154476976 154666961 113563636 112136022 122585303 122178014 2634348 2444633 429979096 419967529 11207235 12231582 4494 4494 3440123 2714063 21227578 20284779 36372387 36013137 8380725 7071682 80632542 78319737 X 119566021 134157587 229780533 207490205 349346554 341647792 429979096 419967529 X -20937456 12086065 1152629 X X 0 1 X 1 1 1 X 19122984 21327220 534022 25259348 22091911 88335485 19122984 21327220 534022 25259348 22091911 88335485 5108986 83226499 1651424 2234465 288582 4653310 3890524 12718305 101053790 0.82360 0.81590 X PART II, SECTION C, LINE 14 HOBART AND WILLIAM SMITH COLLEGES' FISCAL YEAR WAS CHANGED FROM MAY 31 TO JUNE 30, THUS CREATING A SHORT YEAR RETURN FOR THE PERIOD JUNE 1 THROUGH JUNE 30, 2021. THE 2020 COLUMN IN PART II, SECTION A REPRESENTS THIS ONE-MONTH SHORT PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 4000 4000 0 PART II-B, LINE 1: THE COLLEGES DO NOT DIRECTLY ENGAGE IN LOBBYING ACTIVITY. HOWEVER, A PORTION OF THE DUES PAID TO PROFESSIONAL ORGANIZATIONS IS DESIGNATED FOR LOBBYING BY SUCH PROFESSIONAL ORGANIZATIONS. 2588300 13855318 X X X 0 237195397 1919822 15433057 7029413 66171006 181347857 286334110 4876794 -37257458 6624297 9863059 270693 237195397 283731395 361337 3537741 559916 736447 286334110 204650152 5104823 83928844 4192047 5513717 246660 283731395 209690877 4879991 5938777 3696569 11931030 231894 204650152 0.00000 0.74500 0.25500 0 0 3622656 3622656 213714712 97446045 116268667 57179254 48628784 8550470 44359274 18134106 26225168 154666961 ALTERNATIVE INVESTMENTS 122178014 F 122178014 REFUNDABLE ADVANCES FROM GOVERNMENT LOAN PROGRAMS 631112 ASSET RETIREMENT OBLIGATIONS 3365120 FAIR VALUE OF SWAP AGREEMENTS 1864753 DEFERRED GIVING OBLIGATIONS 1210697 7071682 98247938 12086065 -62477350 -50391285 148639223 -4182 -4182 148635041 105946700 4182 4182 105942518 63629979 63629979 169572497 PART III, LINE 1A: HOBART AND WILLIAM SMITH COLLEGES MAINTAIN COLLECTIONS THAT CONSIST OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF THE COLLEGES' EXEMPT PURPOSE. THESE ITEMS ARE PROTECTED AND PRESERVED, AND PROCEEDS FROM SALES (IF SALES ARE PERMITTED) ARE USED TO ACQUIRE ADDITIONAL COLLECTION ITEMS. PART V, LINE 4: THE ENDOWMENT OF HOBART AND WILLIAM SMITH COLLEGES PROVIDES ANNUAL SUPPORT FOR SCHOLARSHIPS, PROGRAM AND STUDENT SUPPORT, FACULTY SUPPORT, CAPITAL PROJECTS, AND GENERAL OPERATING PURPOSES OF THE COLLEGES IN ACCORDANCE WITH DONOR RESTRICTIONS OR ACTIONS TAKEN BY THE BOARD OF TRUSTEES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS CHANGE IN FAIR VALUE OF SWAP AGREEMENT CHANGE IN VALUE OF DEFERRED GIVING INVESTMENT EXPENSE PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS INVESTMENT MANAGEMENT FEE PART V COLUMN C A PREVIOUS 990 FILED WAS FOR ONE MONTH: 6/1/2021 - 6/30/2021 DUE TO A CHANGE IN ACCOUNTING PERIOD. PART V COLUMN A, LINE 1(E) DURING 2023, THE BOARD OF TRUSTEES PASSED A RESOLUTION RELEASING PREVIOUSLY BOARD DESIGNATED ENDOWMENT FUNDS, ALLOWING THEM TO BE USED FOR OPERATIONS IN THE AMOUNT OF $28,087,035. THIS HAS BEEN REFLECTED IN THE ENDOWMENT DISCLOSURE AS AN EXPENDITURE FOR FACILITIES AND PROGRAMS. ADDITIONALLY, DURING 2023, A PRIOR PERIOD ADJUSTMENT WAS RECORDED TO RELEASE FUNDS THAT WERE PREVIOUSLY RECORDED AS ENDOWMENT FUNDS WITH DONOR RESTRICTION TO NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE AMOUNT OF $27,861,315. THIS HAS ALSO BEEN REFLECTED IN THE ENDOWMENT DISCLOSURE AS AN EXPENDITURE FOR FACILITIES AND PROGRAMS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 HOBART AND WILLIAM SMITH COLLEGES HAVE PUBLICIZED OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL SOLICITATIONS FOR STUDENTS. APPLICANTS ARE RECRUITED THROUGH THE USE OF DIRECT MAIL AND ELECTRONIC DOCUMENTS, GENERAL COLLEGE PUBLICATIONS ARE FREELY ACCESSIBLE TO THE COMMUNITY, IN ADVERTISEMENTS IN REGIONAL AND GENERAL INTEREST PUBLICATIONS AND ON THE COLLEGES' WEBSITE WWW.HWS.EDU. SCHEDULE E, PART I, LINE 6 HOBART AND WILLIAM SMITH COLLEGES RECEIVE STATE AND FEDERAL FUNDING IN RELATION TO STUDENT FINANCIAL ASSISTANCE, RESEARCH AND DEVELOPMENT, AND OTHER EDUCATION RELATED FUNCTIONS ALL USED TO FULFILL THE MISSION OF THE COLLEGES. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS INVESTMENTS 42493291 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, INVESTMENTS INVESTMENTS 6185939 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS INVESTMENTS 23082633 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 PROGRAM DIRECTOR PROGRAM DIRECTOR 22789 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, TRAVEL FOREIGN TRAVEL 22103 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TRAVEL FOREIGN TRAVEL 164783 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES TRAVEL FOREIGN TRAVEL 7769 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, TRAVEL FOREIGN TRAVEL 4152 RUSSIA AND NEIGHBORING STATES TRAVEL FOREIGN TRAVEL 8411 SOUTH AMERICA TRAVEL FOREIGN TRAVEL 4098 SUB-SAHARAN AFRICA TRAVEL FOREIGN TRAVEL 3197 1 0 0 0 1 0 71983459 15706 71999165 INTERNATIONAL SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 42 929347 INTERNATIONAL SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 126 2600391 INTERNATIONAL SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 5 105841 INTERNATIONAL SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 4 123141 1 0 1 1 1 0 PART I, LINE 2: HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. PART I, LINE 3: EXPENDITURES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: X X X X X X X 1 GRENZENBACH GLIER AND ASSOCIATES INC 200 SOUTH MICHIGAN AVENUE SUITE 21 CHICAGO IL 60604 CAPITAL CAMPAIGN/ANNUAL GIVING CONSULTING 0 0 30816 -30816 WEST WIND CONSULTING 120 BRINDLEY ST 7 ITHACA NY 14850 CAPITAL CAMPAIGN/ANNUAL GIVING CONSULTING 0 0 10200 -10200 41016 -41016 NY 1 GENEVA FIREMATICS COMMITTEE PO BOX 911 GENEVA NY 14456 161057736 501(C)(3) 10000 0 CONTRIBUTION CITY OF GENEVA 47 CASTLE STREET GENEVA NY 14456 166002543 GOV'T 223946 0 CONTRIBUTION 2 SCHOLARSHIPS 1395 63026901 PART I, LINE 2: THE COLLEGES PROVIDE FUNDING TO CHARITABLE ORGANIZATIONS AS WELL AS LOCAL GOVERNMENTS THAT SUPPORT THE COMMUNITY IN WHICH THE COLLEGES OPERATE. THE AMOUNTS PROVIDED ARE USED BY THE RECIPIENT ORGANIZATIONS TO FURTHER THEIR MISSION AND DO NOT REQUIRE ANY MONITORING. HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES AND VARIOUS FEDERAL FUNDING SOURCES, AS APPLICABLE. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. X X X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 JOYCE P JACOBSEN PRESIDENT, THROUGH JULY, 2022 319103 0 0 0 345893 0 16200 0 30660 0 711856 0 0 0 ROBERT O'CONNOR VP INSTITUTIONAL ADVANCEME 258193 0 0 0 414 0 22435 0 82538 0 363580 0 0 0 SARAH KIRK PROVOST 243579 0 0 0 26834 0 12436 0 75918 0 358767 0 0 0 MARK GEARAN PRESIDENT, AS OF JULY, 2022 217839 0 0 0 45406 0 13083 0 16154 0 292482 0 0 0 CAROLEE WHITE FORMER VP FIN&ADMIN & ASST. TREAS 223615 0 0 0 11727 0 12373 0 18874 0 266589 0 0 0 ALFRED DAMIANO VP STRATEGIC INITIATIVES 214966 0 0 0 1188 0 12273 0 25437 0 253864 0 0 0 CATHERINE WILLIAMS VP MARKETING/COMMUNICATION 220238 0 0 0 414 0 12160 0 8515 0 241327 0 0 0 MARK EDWARDS VP FINANCE & ADMINISTRATION/ CFO 198704 0 0 0 7215 0 10150 0 23317 0 239386 0 0 0 BECCA BARILE ASSOC. VP AND DEAN OF STUD 166065 0 0 0 13121 0 8898 0 46806 0 234890 0 0 0 LOUIS GUARD GEN COUNSEL & ASST SEC 171287 0 0 0 3836 0 9690 0 5000 0 189813 0 0 0 JAMIE MAKINSTER ASSOCIATE PROVOST 158259 0 0 0 0 0 7393 0 8704 0 174356 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: DURING CALENDAR YEAR 2021, PRESIDENT JOYCE JACOBSEN WAS PROVIDED HOUSING AS A CONDITION OF HER EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGES. THE FAIR MARKET VALUE OF THE HOUSING ALLOWANCE AND PERSONAL MAID SERVICES ARE INCLUDED AS A NON-TAXABLE BENEFIT IN SCHEDULE J, COLUMN (D). PART I, LINE 4A DURING 2023 JOYCE JACOBSEN, FORMER PRESIDENT OF HOBART AND WILLIAM SMITH COLLEGES, RECEIVED PAYMENTS OF $325,000. A CITY OF GENEVA INDUS DEV AG MULTI (SERIES 2007) 161266095 372175BT5 2007-12-12 31250000 CAPITAL PROJECTS 0 0 0 A 10850000 31250000 475688 357585 29974498 442229 2011 0 0 1 1 A 0 0 1 1 0 0.02090 0.02090 0 0 1 A 0 0 1 0 1 1 RBC CAPITAL MARKETS 30.000000000000 1 0 0 0 1 A 1 PART II LINE 11: OTHER SPENT PROCEEDS COLUMN A- $442,229 NYS BOND ISSUANCE CHARGE, ISSUER ADMINISTRATIVE FEE PER FORM 8038 PART IV QUESTIONS 2B AND 2C COLUMN A- ALL FUNDS IN THE 2007 SERIES MET THE SPEND DOWN EXCEPTION. BOARD MEMBERS FINANCIAL AID EMPLOYEE 186048 TUITION REMISSION MICHAEL GUARD SIBLING OF OFFICER 54262 EMPLOYEE AT THE COLLEGES 0 MARY H GEARAN SPOUSE OF EMPLOYEE 48461 EMPLOYEE AT THE COLLEGES 0 X 4 2588300 FMV OR APPRAISED VALUE X 45 437423 FMV X 1 100000 FMV X MISCELLANEOUS 15 24973 FMV 0 1 1 PART I, LINE 32B: HOBART AND WILLIAM SMITH COLLEGES HAVE AN AGREEMENT IN PLACE WITH A SECURITY BROKER TO PROCESS AND SELL STOCK GIFTS AS SOON AS THEY ARE RECEIVED. SCHEDULE M PART I COLUMN (B) HWS REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH STEIN AND ERIC STEIN, BROTHERS ON BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM IS REVIEWED AND CORRECTIONS OR CHANGES ARE MADE AS NECESSARY. A FINAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ON A DISCLOSURE STATEMENT. AT THIS TIME A RIGOROUS PROCESS OF REVIEWING THE DISCLOSURES IS UNDERTAKEN BY THE ASSISTANT SECRETARY AND CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE CONFLICTS ARE IDENTIFIED AND RESOLVED IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A: THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (OMITTING THE PRESIDENT FOR THIS PURPOSE) IS COMPRISED OF MEMBERS WITHOUT A CONFLICT OF INTEREST. THIS COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT. AN ANNUAL PROCESS OF ASSESSING THE PRESIDENT'S PERFORMANCE AND REVIEWING COMPARATIVE COMPENSATION DATA IS PERFORMED IN ORDER TO RECOMMEND COMPENSATION CHANGES. A MOTION TO BE APPROVED BY THE FULL BOARD IS DRAFTED BY THE EXECUTIVE COMMITTEE AFTER THE REVIEW PROCESS. THE DISCUSSIONS OF THE COMMITTEE AND FULL BOARD ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15B: ANNUALLY, THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED WITH AND REVIEWS A SUMMARY REPORT PREPARED BY THE DIRECTOR OF HUMAN RESOURCES COMPARING THE SALARIES OF ALL SENIOR STAFF MEMBERS TO THEIR POSITION BENCHMARKS OBTAINED FROM CUPA-HR (THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) TO ENSURE HWS' SALARIES ARE IN LINE WITH THE NATIONAL AND REGIONAL MARKETS. FORM 990, PART VI, SECTION C, LINE 19 HOBART AND WILLIAM SMITH COLLEGES MAKE THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGES' WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SWAP AGREEMENT 1,087,134. CHANGE IN VALUE OF DEFERRED GIVING 65,495. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR. CHARITABLE REMAINDER TRUST (1) CRAT NY T 1 CHARITABLE REMAINDER UNITRUST (3) CRUT NY T 1 POOLED INCOME FUND POOLED INCOME FUND NY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0