2025-05-15T08:02:05-05:00 2024-06-30 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2023-07-01 042103542 AMHERST COLLEGE TRUSTEES AMHE 4135422101 PO BOX 5000 CONTROLLERS OFFICE AMHERST MA 01002 MICHAEL THOMAS CHIEF FIN & ADMIN OFFICER 4135422101 2025-05-13 1 0 KRISTIN ANDERSON P01231300 6179881000 2023 2025-03-06 01:10:19Z MICHAEL A ELLIOTT PO BOX 5000 CONTROLLERS OFFICE AMHERST MA 01002 664769541 0 X WWW.AMHERST.EDU X 1821 MA SEE SCHEDULE O 25 23 3443 2228 12168699 0 60572966 65319167 155553603 165880847 161133221 198099738 2015289 3711279 379275079 433011031 78628929 85136120 0 0 160765898 174598124 0 0 12120889 161790603 159689913 401185430 419424157 -21910351 13586874 5302371715 5575113189 773657627 756798426 4528714088 4818314763 X SEE SCHEDULE O 0 0 304895999 84564690 166749172 HIGHER EDUCATION: UNDERGRADUATE EDUCATIONAMHERST COLLEGE IS AN UNDERGRADUATE INSTITUTION WITH AN APPROXIMATE STUDENT ENROLLMENT OF 2,000. 19741289 571430 1945853 HOME TO THE WORLD'S LARGEST SHAKESPEARE COLLECTION, THE FOLGER SHAKESPEARE LIBRARY IS A MAJOR CENTER FOR SCHOLARLY RESEARCH; A LIVELY VENUE FOR PERFORMANCES, READINGS, EXHIBITIONS; AND A NATIONAL LEADER IN HUMANITIES EDUCATION. 324637288 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 3179 0 1 3443 1 1 1 0 0 0 0 1 1 0 0 0 0 1 1 X 25 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X STEPHEN NIGRO 4135422101 PO BOX 5000 CONTROLLERS OFFICE AMHERST MA 01002 MICHAEL ELLIOTT PRESIDENT 40.00 0.00 X X 673206 0 194059 THEODORE BENESKI TRUSTEE 5.00 0.00 X 0 0 0 MARY ELIZABETH CISNEROS TRUSTEE 5.00 0.00 X 0 0 0 BONNIE BARSAMIAN DUNN TRUSTEE 5.00 0.00 X 0 0 0 NAANA FRIMPONG TRUSTEE 5.00 0.00 X 0 0 0 DOUGLAS GRISSOM TRUSTEE 5.00 0.00 X 0 0 0 REJJI HAYES TRUSTEE 5.00 0.00 X 0 0 0 MATTHEW HULSIZER TRUSTEE 5.00 0.00 X 0 0 0 PHILLIP JACKSON TRUSTEE 5.00 0.00 X 0 0 0 CHANTAL KORDULA TRUSTEE 5.00 0.00 X 0 0 0 SIMON KRINSKY TRUSTEE 5.00 0.00 X 0 0 0 EUNEI LEE TRUSTEE 5.00 0.00 X 0 0 0 JI-YEUN LEE TRUSTEE 5.00 0.00 X 0 0 0 DAVID MACLENNAN TRUSTEE 5.00 0.00 X 0 0 0 DAVID NOVAK TRUSTEE 5.00 0.00 X 0 0 0 ANDREW NUSSBAUM TRUSTEE 5.00 0.00 X 0 0 0 WILLIAM O'MALLEY TRUSTEE 5.00 0.00 X 0 0 0 DWIGHT POLER TRUSTEE 5.00 0.00 X 0 0 0 CHRISTINE NOYER SEAVER TRUSTEE 5.00 0.00 X 0 0 0 ELIZABETH SHELBURNE TRUSTEE 5.00 0.00 X 0 0 0 GRETCHEN SISSON TRUSTEE 5.00 0.00 X 0 0 0 PAUL SMITH TRUSTEE 5.00 0.00 X 0 0 0 SHIRLEY TILGHMAN TRUSTEE 5.00 0.00 X 0 0 0 KIMBERLEE WYCHE-ETHERIDGE TRUSTEE 5.00 0.00 X 0 0 0 NICOLAS ZERBIB TRUSTEE 5.00 0.00 X 0 0 0 LETITIA JOHNSON CHIEF INVESTMENT OFFICER 40.00 0.00 X 1508991 0 36873 MICHAEL WITMORE DIR - FOLGER SHAKESPEARE LIBRARY 40.00 0.00 X 766576 0 78763 MICHAEL THOMAS CHIEF FIN & ADMIN OFFICER EFF 3/23 40.00 0.00 X 382768 0 52067 STEPHEN NIGRO CONTROLLER 40.00 2.00 X 172876 0 35757 CATHERINE EPSTEIN PROVOST AND DEAN OF FACULTY 40.00 0.00 X 422430 0 78851 LISA RUTHERFORD GEN COUNSEL & SR ADV TO PR 40.00 2.00 X 445483 0 71372 ELIZABETH CANNON-SMITH CHIEF ADVANCEMENT OFFICER 40.00 2.00 X 406921 0 71764 LIZ AGOSTO DEAN OF STUDENTS THRU 1/23 40.00 0.00 X 413649 0 10658 MATTHEW MCGANN DEAN OF ADMISSION & FIN AID 40.00 0.00 X 357723 0 38036 ANGIE TISSI-GASSOWAY CHF STUD AFF/DEAN STU EFF 3/23 40.00 0.00 X 270785 0 42405 RUTH TAYLOR-KIDD CHIEF FINANCIAL OFFICER - FOLGER 40.00 0.00 X 277051 0 31301 DAWN BATES DIRECTOR OF OPERATIONS 40.00 0.00 X 444299 0 22987 AUSTIN SARAT PROF OF POLI SCI & LAW 40.00 0.00 X 387047 0 44371 THOMAS DWYER ASSOCIATE CFO 40.00 0.00 X 360938 0 46220 SHANE LEVY INVESTMENT OFFICER 40.00 0.00 X 376632 0 30203 SANDRA GENELIUS CHIEF COMMUNICATIONS OFFICER 40.00 0.00 X 347683 0 55069 CAROLYN BIDDY MARTIN PRESIDENT EMERITIUS 40.00 0.00 X 818539 0 18672 JAMES BRASSORD FORMER CHIEF OF CAMPUS OPS 40.00 2.00 X 121705 0 21134 8955302 0 980562 377 1 1 0 DANIEL O'CONNELL'S SONS INC 480 HAMPDEN STREET PO BOX 267 HOLYOKE MA 01041 CONSTRUCTION SERVICES 33318173 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION SERVICES 18733930 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION SERVICES 18378970 SASAKI ASSOCIATES INC 110 CHAUNCY ST SUITE 200 BOSTON MA 02111 ARCHITECTURAL SERVICES 7181947 SCAPES BUILDERS & EXCAVATION LLC 110 NORTH HILLSIDE ROAD SOUTH DEERFIELD MA 01373 CONSTRUCTION SERVICES 2628271 172 404038 4928517 59986612 3978491 65319167 TUITION AND OTHER STUDENT FEES 611310 129930025 129930025 HOUSING & MEALS 721000 32364629 32364629 BOX OFFICE/EVENTS 711130 1240465 1240465 DINING SERVICES 721000 942918 942918 CONSORTIUM FEES 711130 316414 316414 1086396 1086396 165880847 21390621 11090901 10299720 444940 444940 1338535 1208860 129675 129675 129675 406983552 230274435 176709117 176709117 1048589 175660528 87875 404038 275215 -187340 -187340 SUMMER PROGRAMS 611310 1055246 1026037 29209 SOLAR 611310 465734 465734 PARKING 611310 14883 14883 1788141 1788141 3324004 433011031 168695025 12168699 186828140 1063755 1063755 79884444 79884444 4187921 4187921 7160640 1709892 4100579 1350169 126517329 109057347 10601687 6858295 10369582 8970389 800962 598231 21410054 15891047 4510868 1008139 9140519 7674470 941352 524697 908043 271314 636729 459130 20505 438625 51146 51146 46079668 46079668 16370934 13421042 2444222 505670 1226460 821395 288710 116355 4117903 3272809 733087 112007 6178579 4438582 1679517 60480 107622 102812 3678 1132 12342022 10539941 1707942 94139 4559227 3736012 510138 313077 652770 296222 208992 147556 20619082 16484190 4032436 102456 19812300 18433457 1268989 109854 2375628 2049896 324839 893 FOOD 6689507 6266397 379665 43445 EQUIPMENT AND FURNITURE 5259167 4524282 560591 174294 SPONSORED RESEARCH 4055262 4054902 360 LIBRARY BOOKS/MEDIA 2984127 2984127 4841336 4428992 412344 419424157 324637288 82665980 12120889 1153497 1744570 320875436 301956859 49840066 64691739 3491141 3954221 580000 48611 8812703 8812703 131400 281822 2572574 2878510 1148820149 365337359 731066420 783482790 346982529 453358376 3785280696 3897217683 662219 614129 50923034 56071176 5302371715 5575113189 30711434 21506278 2359036 11111652 132140000 121125000 503838834 500210372 104608323 102845124 773657627 756798426 X 1501603615 1610651571 3027110473 3207663192 4528714088 4818314763 5302371715 5575113189 X 13586874 283526337 -7512536 X 0 1 X 1 1 1 X 64147553 65538958 85032185 60572966 65319167 340610829 64147553 65538958 85032185 60572966 65319167 340610829 51962559 288648270 32817083 30892538 32074674 29120739 12083195 136988229 1127789 1288595 11715844 14132228 1889584 355028 2460419 1295049 480617 6480697 498211983 728801266 0.57940 0.56610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 5646 0 1 45500 51146 0 PART II-B, LINE 1: THE ORGANIZATION ENGAGED GOVERNMENT RELATIONS FIRMS AND MET WITH LAWMAKERS ON BEHALF OF AMHERST COLLEGE AND FOLGER SHAKESPEARE MEMORIAL LIBRARY. IN ADDITION, AMHERST COLLEGE PAYS MEMBERSHIP FEES IN VARIOUS ORGANIZATIONS THAT MAY PERFORM A LIMITED AMOUNT OF LOBBYING ACTIVITIES SUCH AS NAICU (NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES), AICUM (ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS) AND COFHE (CONSORTIUM ON FINANCING HIGHER EDUCATION). X X X X 0 3780301095 12995157 430808198 38152452 121112730 50461214 4014378054 3758812672 8486911 216326006 35396642 118693488 49234364 3780301095 4300531130 27637614 -366559937 31438697 123858319 47499119 3758812672 2920494006 22710434 1558216605 29170697 107047350 64671868 4300531130 2834560524 40108241 241101788 29175071 113544782 52556694 2920494006 0.25698 0.74302 0 0 8507028 8507028 991941747 247984775 743956972 114588269 90902569 23685700 33783105 26450015 7333090 783482790 GLOBAL EQUITIES 336249756 F FIXED INCOME 50333893 F FOREIGN EQUITIES 409579370 F PRIVATE EQUITIES 1907312716 F ABSOLUTE RETURN 757805819 F R.ESTATE/NATURAL RES. 140217447 F DOMESTIC EQUITIES 293119714 F OTHER SECURITIES 2598968 F 3897217683 LIAB. FOR LIFE INCOME OBLIGATION 30949491 POST RET. BENEFIT OBLIGATION 59331935 INTEREST SWAP AGREEMENT 1955294 OTHER LIABILITIES 10608404 102845124 X PART III, LINE 4: THE TRUSTEES OF AMHERST COLLEGE DOES NOT CAPITALIZE GIFTS IN KIND OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, ETC. THE FOLGER SHAKESPEARE MEMORIAL LIBRARY (THE LIBRARY), DOES CAPITALIZE PURCHASES TO ITS COLLECTION WHICH IS RECORDED AT COST. THE FOLGER SHAKESPEARE MEMORIAL LIBRARY HOLDS THE LARGEST AND MOST COMPLETE COLLECTION OF SHAKESPEAREANA IN THE WORLD AND THE LARGEST COLLECTION OF ENGLISH PRINTED BOOKS FROM 1475 TO 1640 OUTSIDE OF ENGLAND, AS WELL AS EXTENSIVE CONTINENTAL RENAISSANCE HOLDINGS. THE COLLECTION INCLUDES BOOKS, MANUSCRIPTS, DOCUMENTS, PAINTINGS, ILLUSTRATIONS, TAPESTRIES, FURNISHINGS, MUSICAL INSTRUMENTS, SCORES, AND CURIOS FROM THE RENAISSANCE AND THEATER HISTORY. THE EMILY DICKINSON MUSEUM CONSISTS OF TWO HISTORIC HOUSES AND THEIR CONTENTS, IN THE CENTER OF AMHERST, MASSACHUSETTS, CLOSELY ASSOCIATED WITH THE POET EMILY DICKINSON AND MEMBERS OF HER FAMILY DURING THE NINETEENTH CENTURIES. THE MEAD ART MUSEUM CREATES INNOVATIVE AND RIGOROUS EXHIBITIONS FROM ITS DIVERSE COLLECTION OF 19,500 WORKS INCLUDING AMERICAN ART, RUSSIAN MODERNIST ART, FRENCH ART, BRITISH PORTRAITURE, AFRICAN ART, JAPANESE ART, 19TH AND 20TH CENTURY PHOTOGRAPHY, AND MASTER AND MODERN PRINTS AND DRAWINGS. OVER 150 AMHERST COLLEGE CLASSES VISIT THE MEAD'S TWO STUDY ROOMS ANNUALLY TO LEARN FROM ORIGINAL WORKS OF ART. THE BENESKI MUSEUM OF NATURAL HISTORY HOUSES RESEARCH COLLECTIONS OF VERTEBRATE AND INVERTEBRATE PALEONTOLOGY, MINERALS, ANTHROPOLOGY AND MODERN VERTEBRATES, AS WELL AS NUMEROUS EXHIBITS WHICH ILLUSTRATE THE EVOLUTION AND ECOLOGY OF MAJOR GROUPS OF ANIMALS. THE COLLEGE AND THE LIBRARY MAINTAIN POLICIES AND PROCEDURES ADDRESSING THE COLLECTIONS' UPKEEP AS WELL AS OTHER ASPECTS OF THEIR MANAGEMENT, INCLUDING ACCESSION AND DEACCESSION POLICIES. PART V, LINE 4: THE MISSION OF THE TRUSTEES OF AMHERST COLLEGE'S ENDOWMENT IS TO PROVIDE FINANCIAL SUPPORT IN ORDER THAT THE COLLEGE MAY PROVIDE A QUALITY EDUCATION TO ALL ADMITTED STUDENTS AS ARTICULATED IN THE MISSION STATEMENT OF AMHERST COLLEGE. THE ENDOWMENT IS MANAGED FOR THE PURPOSE OF ENSURING THE CURRENT AND FUTURE SPENDING REQUIREMENTS ARE SUPPORTED, WHILE ALSO PRESERVING THE ENDOWMENT FUND IN PERPETUITY. THE ENDOWMENT FUNDED A SUBSTANTIAL PORTION OF OPERATING REVENUE IN THIS TAX YEAR. THE ENDOWMENT DISTRIBUTION IS USED FOR SUCH PURPOSES AS FINANCIAL AID, NAMED PROFESSORSHIPS, FACULTY AND STUDENT RESEARCH, ACADEMIC SUPPORT, SCIENTIFIC EQUIPMENT, ATHLETICS, INTERNSHIPS, AND FELLOWSHIPS/PRIZES. PART X, LINE 2: THE INSTITUTION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT PERFORMS AN ANNUAL REVIEW FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES. MANAGEMENT BELEIVES THAT THE INSTITUTION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE, UPON THE INSTITUTION'S BALANCE SHEET OR THE RELATED STATEMENT OF ACTIVITIES OR CASH FLOWS. PART V, LINE 2 AMHERST COLLEGE HAS ADOPTED ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2024 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF SCHEDULE D, LINE 2, AMHERST COLLEGE HAS REPORTED ENDOWMENT FUNDS WITHOUT DONOR RESTRICTIONS AS BOARD DESIGNATED OR QUASI-ENDOWMENT AND ENDOWMENT FUNDS WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT, RESPECTIVELY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE TRUSTEES OF AMHERST COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE (1) THE COLLEGE'S ANNUAL CATALOG, (2) ADMISSION APPLICATION, (3) YEARLY ADMISSION REPORT SENT TO ALL SECONDARY SCHOOLS, (4) THE BROCHURE "THIS IS AMHERST" DESCRIBING THE COLLEGE TO ALL INTERESTED PARTIES AND (5) AMHERST'S WEBSITE WWW.AMHERST.EDU. SCHEDULE E, PART I, LINE 6 THE TRUSTEES OF AMHERST COLLEGE RECEIVES FEDERAL GRANTS FOR RESEARCH, ETC. AND IS A PASS THROUGH ENTITY FOR CERTAIN FEDERAL AND STATE FINANCIAL AID. 1 NORTH AMERICA PROGRAM SERVICES RELATED EXPENSES 185710 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES RELATED EXPENSES 325893 EAST ASIA AND THE PACIFIC PROGRAM SERVICES RELATED EXPENSES 544046 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES RELATED EXPENSES 3053936 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES RELATED EXPENSES 58065 RUSSIA AND NEIGHBORING STATES PROGRAM SERVICES RELATED EXPENSES 9399 SUB-SAHARAN AFRICA PROGRAM SERVICES RELATED EXPENSES 120899 SOUTH AMERICA PROGRAM SERVICES RELATED EXPENSES 42771 SOUTH ASIA PROGRAM SERVICES RELATED EXPENSES 78832 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 1853700585 SUB-SAHARAN AFRICA INVESTMENTS 59496582 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 67969561 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT MANAGEMENT FEES 23872341 SUB-SAHARAN AFRICA INVESTMENT MANAGEMENT FEES 860081 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENT MANAGEMENT FEES 859086 NORTH AMERICA GRANTS TO RECIPIENTS IN THE REGION 72600 CENTRAL AMERICA AND THE CARIBBEAN GRANTS TO RECIPIENTS IN THE REGION 30882 EAST ASIA AND THE PACIFIC GRANTS TO RECIPIENTS IN THE REGION 665319 EUROPE GRANTS TO RECIPIENTS IN THE REGION 2855877 MIDDLE EAST AND NORTH AFRICA GRANTS TO RECIPIENTS IN THE REGION 90811 RUSSIA AND NEIGHBORING STATES GRANTS TO RECIPIENTS IN THE REGION 79118 SUB-SAHARAN AFRICA GRANTS TO RECIPIENTS IN THE REGION 132601 SOUTH AMERICA GRANTS TO RECIPIENTS IN THE REGION 217081 SOUTH ASIA GRANTS TO RECIPIENTS IN THE REGION 43632 0 0 0 0 0 0 4340719 2011024989 2015365708 EDUCATIONAL AWARDS NORTH AMERICA 72600 EFT EDUCATIONAL AWARDS CENTRAL AMERICA AND THE CARIBBEAN 30882 EFT EDUCATIONAL AWARDS EAST ASIA AND THE PACIFIC 665319 EFT EDUCATIONAL AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 2855877 EFT EDUCATIONAL AWARDS MIDDLE EAST AND NORTH AFRICA 90811 EFT EDUCATIONAL AWARDS RUSSIA AND NEIGHBORING STATES 79118 EFT EDUCATIONAL AWARDS SUB-SAHARAN AFRICA 132601 EFT EDUCATIONAL AWARDS SOUTH AMERICA 217081 EFT EDUCATIONAL AWARDS SOUTH ASIA 43632 EFT 1 0 1 1 1 1 PART I, LINE 2: DISBURSEMENTS IN FURTHERANCE OF THE INSTITUTION'S EXEMPT PROGRAMS ARE MADE IN ACCORDANCE WITH PROCEDURES OR SUBJECT TO CONDITIONS ESTABLISHED BY THE INSTITUTION'S GOVERNING BOARD DESIGNED TO ENSURE THAT INDIVIDUALS AND ORGANIZATIONS RECEIVING DISBURSEMENTS FROM THE INSTITUTION IN FURTHERANCE OF ITS EXEMPT PURPOSE ARE ADEQUATELY INVESTIGATED TO ENSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE CONSIDERED WORTHY BY THE INSTITUTION ON THE BASIS OF CRITERIA SUCH AS ACADEMIC ACHIEVEMENT (FELLOWSHIPS) AND FINANCIAL NEED (SCHOLARSHIPS AND FELLOWSHIPS). FOLGER GALA 441913 362558 79355 147305 80359 27051 FOOTBALL GOLF OUTING 50000 41480 8520 16000 4500 491913 404038 87875 163305 80359 31551 275215 -187340 1 TOWN OF AMHERST 4 BOLTWOOD AVENUE AMHERST MA 01002 046001068 TOWN OF AMHERST 210000 0 GENERAL SUPPORT AMHERST AREA CHAMBER OF COMMERCE 35 S PLEASANT ST AMHERST MA 01002 042388764 501(C)(3) 8250 0 GENERAL SUPPORT AMHERST-PELHAM REGIONAL PUBLIC SCHOOLS 170 CHESTNUT STREET AMHERST MA 01002 046006213 TOWN OF AMHERST 100000 0 GENERAL SUPPORT AMHERST GOLF CLUB INC PO BOX 874 AMHERST MA 01004 041031700 501(C)(7) 40000 0 GENERAL SUPPORT AMHERST BUSINESS IMPROVEMENT DISTRICT INC 35 S PLEASANT ST AMHERST MA 01002 455423811 501(C)(6) 27000 0 GENERAL SUPPORT NEW ENGLAND PUBLIC MEDIA 44 HAMPDEN STREET SPRINGFIELD MA 01103 046103523 501(C)(3) 11543 0 GENERAL SUPPORT FRIENDS OF THE JONES LIBRARY SYSTEM 43 AMNITY STREET AMHERST MA 01002 999999999 501(C)(3) 250000 0 GENERAL SUPPORT FIVE COLLEGES INC 97 SPRING STREET AMHERST MA 01002 046134696 501(C)(3) 130785 0 GENERAL SUPPORT COOLEY DICKINSON HOSPITAL INC 30 LOCUST STREET NORTHAMPTON MA 01060 222617175 501(C)(3) 50000 0 GENERAL SUPPORT DOWNTOWN AMHERST FOUNDATION INC 35 S PLEASANT ST AMHERST MA 01002 843052133 501(C)(3) 25000 0 GENERAL SUPPORT ASSOCIATION FOR ASIAN AMERICAN STUDIES (AAAS) 7 UNIVERSITY LANE ST LOUIS MA 63105 161456606 501(C)(3) 10000 0 GENERAL SUPPORT UNITED WAY OF FRANKLIN AND HAMPSHIRE REGION 71 KING ST NORTHAMPTON MA 01061 042104792 501(C)(3) 9100 0 GENERAL SUPPORT AMHERST COMMITTEE FOR A BETTER CHANCE INC 74 N PROSPECT ST AMHERST MA 01002 046193013 501(C)(3) 6010 0 GENERAL SUPPORT WOODSIDE CHILDREN'S CENTER 156 WOODSIDE AVE AMHERST MA 01002 042888548 501(C)(3) 0 179367 FMV OCCUPANCY AND EXPENSES GENERAL SUPPORT 12 2 UNDERGRADUATE AMHERST COLLEGE SCHOLARSHIPS 969 74057589 UNDERGRADUATE RESEARCH AND INTERNSHIPS 841 2011370 GRANT-IN AID 108 1570131 GRADUATE FELLOWSHIPS 167 1430902 FOLGER SHAKESPEARE LIBRARY FELLOWSHIPS 73 552974 UNDERGRADUATE PRIZES 177 235928 GRADUATE PRIZES 6 25550 PART I, LINE 2: DISBURSEMENTS IN FURTHERANCE OF THE INSTITUTION'S EXEMPT PROGRAMS ARE MADE IN ACCORDANCE WITH PROCEDURES OR SUBJECT TO CONDITIONS ESTABLISHED BY THE INSTITUTION'S GOVERNING BOARD DESIGNED TO ENSURE THAT INDIVIDUALS AND ORGANIZATIONS RECEIVING DISBURSEMENTS FROM THE INSTITUTION IN FURTHERANCE OF ITS EXEMPT PURPOSE ARE ADEQUATELY INVESTIGATED TO ENSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION ON THE BASIS OF CRITERIA SUCH AS ACADEMIC ACHIEVEMENT (FELLOWSHIPS) AND FINANCIAL NEED (SCHOLARSHIPS AND FELLOWSHIPS). X X X X 1 1 X X X 1 0 0 0 0 0 0 1 0 LETITIA JOHNSON CHIEF INVESTMENT OFFICER 600000 0 908000 0 991 0 34238 0 2635 0 1545864 0 0 0 MICHAEL ELLIOTT PRESIDENT 662143 0 0 0 11063 0 87122 0 106937 0 867265 0 0 0 MICHAEL WITMORE DIR - FOLGER SHAKESPEARE LIBRARY 612407 0 151000 0 3169 0 45928 0 32835 0 845339 0 0 0 CAROLYN BIDDY MARTIN PRESIDENT EMERITIUS 815233 0 0 0 3306 0 5921 0 12751 0 837211 0 0 0 LISA RUTHERFORD GEN COUNSEL & SR ADV TO PR 427369 0 15000 0 3114 0 35821 0 35551 0 516855 0 0 0 CATHERINE EPSTEIN PROVOST AND DEAN OF FACULTY 417798 0 0 0 4632 0 35846 0 43005 0 501281 0 0 0 ELIZABETH CANNON-SMITH CHIEF ADVANCEMENT OFFICER 402234 0 0 0 4687 0 33122 0 38642 0 478685 0 0 0 DAWN BATES DIRECTOR OF OPERATIONS 214344 0 229000 0 955 0 16082 0 6905 0 467286 0 0 0 MICHAEL THOMAS CHIEF FIN & ADMIN OFFICER EFF 3/23 381464 0 0 0 1304 0 41285 0 10782 0 434835 0 0 0 AUSTIN SARAT PROF OF POLI SCI & LAW 381135 0 0 0 5912 0 29828 0 14543 0 431418 0 0 0 LIZ AGOSTO DEAN OF STUDENTS THRU 1/23 22674 0 0 0 390975 0 10457 0 201 0 424307 0 0 0 THOMAS DWYER ASSOCIATE CFO 334237 0 25153 0 1548 0 35886 0 10334 0 407158 0 0 0 SHANE LEVY INVESTMENT OFFICER 213251 0 163000 0 381 0 19027 0 11176 0 406835 0 0 0 SANDRA GENELIUS CHIEF COMMUNICATIONS OFFICER 342929 0 0 0 4754 0 36209 0 18860 0 402752 0 0 0 MATTHEW MCGANN DEAN OF ADMISSION & FIN AID 346877 0 10000 0 846 0 36304 0 1732 0 395759 0 0 0 ANGIE TISSI-GASSOWAY CHF STUD AFF/DEAN STU EFF 3/23 270138 0 0 0 647 0 30855 0 11550 0 313190 0 0 0 RUTH TAYLOR-KIDD CHIEF FINANCIAL OFFICER - FOLGER 254128 0 21000 0 1923 0 28873 0 2428 0 308352 0 0 0 STEPHEN NIGRO CONTROLLER 171666 0 0 0 1210 0 18801 0 16956 0 208633 0 0 0 JAMES BRASSORD FORMER CHIEF OF CAMPUS OPS 71513 0 0 0 50192 0 14704 0 6430 0 142839 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO MAINTAIN A PERSONAL RESIDENCE ON CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER. CERTAIN PERSONAL SERVICES ARE PROVIDED TO MAINTAIN THIS RESIDENCE. OCCASIONAL PERSONAL SERVICES PROVIDED TO THE PRESIDENT ARE CONSIDERED PERSONAL EXPENSES AND ADDED TO THE PRESIDENT'S TAXABLE COMPENSATION. IN ACCORDANCE WITH AMHERST'S TRAVEL POLICY, FIRST CLASS AIR TRAVEL IS PERMITTED FOR A BONA FIDE BUSINESS PURPOSE FOR THE PRESIDENT AND STAFF. IT IS THE COLLEGE'S POLICY TO GROSS UP CERTAIN BENEFITS FOR TAX PURPOSES. PART I, LINE 4A LINE 4A: THE CHIEF OF STUDENT AFFAIRS AND DEAN OF STUDENTS THROUGH JANUARY 2023 RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2023 REPORTED IN PART II, COLUMN B(III). PART I, LINE 7 TO RECRUIT AND RETAIN QUALIFIED TALENT, THE INSTITUTION PERIODICALLY USES INCENTIVE COMPENSATION. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). A MHEFA SERIES H 042456011 57585K4R6 2003-06-26 50000000 CONSTRUCTION 0 0 0 B MHEFA SERIES I 042456011 57586CGZ2 2005-06-30 29700000 SEE PART VI 0 0 0 C MHEFA SERIES J 042456011 57586CHA6 2005-06-30 50000000 CONSTRUCTION 0 0 0 D MHEFA SERIES K-2 042456011 57586EDK4 2009-01-15 50520000 CONSTRUCTION 0 0 0 A 25575000 50749858 400000 50349858 2005 0 0 1 1 B 18125000 29700000 281717 29418283 2005 0 1 1 1 C 8130000 50442362 327888 50114474 2007 0 0 1 1 D 7265000 50646531 518634 50127897 2011 0 0 1 1 A 0 0 0 0 0.00000 0.00080 0.00080 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00020 0.00020 0 0 1 D 0 0 0 0 0.00000 0.00480 0.00480 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 1 BOA MERRILL LYNCH 4.400000000000 0 1 0 0 1 C 0 0 1 0 1 1 BOA MERRILL LYNCH 11.500000000000 0 1 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, COLUMN (A): THE ISSUER NAME IS MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY SCHEDULE K, PART I BOND B COLUMN (F): THE PURPOSE OF THE ISSUE IS TO ADVANCE REFUND THE SERIES G ISSUE DATED: 05/05/1998 SCHEDULE K, PART II, LINE 3 COLUMN A THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON BOND PROCEEDS IN THE AMOUNT OF $749,858 SCHEDULE K, PART II, LINE 3 COLUMN C: THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON BOND PROCEEDS IN THE AMOUNT OF $442,362 SCHEDULE K, PART II, LINE 3 COLUMN D: THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON BOND PROCEEDS IN THE AMOUNT OF $126,531 SCHEDULE K, PART II LINE 11 COLUMN B: THE OTHER SPENT PROCEEDS OF THE ISSUE ARE REFUNDING PROCEEDS THAT ARE NO LONGER IN ESCROW. SCHEDULE K, PART IV LINE 2B COLUMN A,B,C: ALL BOND PROCEEDS WERE SPENT IN ACCORDANCE WITH THE IRS PRESCRIBED BENCHMARKS. THERE IS NO ARBITRAGE REBATE CALCULATION REQUIRED. SCHEDULE K, PART IV LINE 2C COLUMN D: THE MOST RECENT REQUIRED REBATE COMPUTATION WAS PERFORMED ON 02/21/2024 FOR REISSUANCE IN BANK PURCHASE MODE. SCHEDULE K, PART IV, LINE 3, COLUMN B&C: IN APRIL OF 2024 THE SERIES 2005 I, J1, AND J2 WERE REMARKETED AS FIXED RATE ISSUES. SCHEDULE K, PART IV, LINE 4D, COLUMNS B&C: AS PART OF THE REMARKETING OF SERIES 2005I, J1, AND J2 IN APRIL OF 2024 THE INTEREST RATE HEDGE PREVIOUSLY SECURED FOR THESE BONDS WERE TERMINATED. THE CURRENT CUSIPS FOR MHEFA SERIES I AND MHEFA SERIES J ARE 57586ES36 AND 57586ES51, RESPECTIVELY. THE NEW CUSIPS WERE SECURED FOR THE BONDS IN APRIL 2024 IN CONNECTION WITH A BOND REMARKETING THAT DID NOT CONSTITUTE A REISSUANCE FOR THE PURPOSES OF SECTION 1003 OF THE INTERNAL REVENUE CODE OF 1986. M THOMAS OFFICER MORTGAGE X 50000 48611 0 1 1 48611 MFN PARTNERS MANAGEMENT LP 35% OWNED ENTITY OF FAMILY MEMBER OF TRUSTEE 787825 INVESTMENT MANAGEMENT FEE 0 SCH L, PART IV, LINE 1: THE COLLEGE'S INVESTMENT IN MFN PARTNERS, LP PRECEDES THE RELEVANT TRUSTEE'S COLLEGE BOARD SERVICE. ALL INVESTMENT DECISIONS OF THE COLLEGE ARE REVIEWED BY THE COLLEGE'S INVESTMENT COMMITTEE, AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES. THE RELEVANT TRUSTEE IS NOT A MEMBER OF THE INVESTMENT COMMITTEE. X 3 0 NONE X NONE X NONE X 116 3978491 FMV X 2 0 NONE X OTHER 1 0 NONE 19 0 1 0 PART I, COLUMN (B): THE TRUSTEES OF AMHERST COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN B. FORM 990, PART I, LINE 1 AND PART III, LINE 1 AMHERST COLLEGE EDUCATES STUDENTS OF EXCEPTIONAL POTENTIAL FROM ALL BACKGROUNDS SO THAT THEY MAY SEEK VALUE AND ADVANCE KNOWLEDGE, ENGAGE THE WORLD AROUND THEM, AND LEAD PRINCIPLED LIVES OF CONSEQUENCE. AMHERST BRINGS TOGETHER THE MOST PROMISING STUDENTS, WHATEVER THEIR FINANCIAL NEED, IN ORDER TO PROMOTE DIVERSITY OF EXPERIENCE AND IDEAS WITHIN A PURPOSEFULLY SMALL RESIDENTIAL COMMUNITY. WORKING WITH FACULTY, STAFF AND ADMINISTRATORS DEDICATED TO INTELLECTUAL FREEDOM AND THE HIGHEST STANDARDS OF INSTRUCTION IN THE LIBERAL ARTS, AMHERST UNDERGRADUATES ASSUME SUBSTANTIAL RESPONSIBILITY FOR UNDERTAKING INQUIRY AND FOR SHAPING THEIR EDUCATION WITHIN AND BEYOND THE CURRICULUM. AMHERST COLLEGE IS COMMITTED TO LEARNING THROUGH CLOSE COLLOQUY AND TO EXPANDING THE REALM OF KNOWLEDGE THROUGH SCHOLARLY RESEARCH AND ARTISTIC CREATION AT THE HIGHEST LEVEL. ITS GRADUATES LINK LEARNING WITH LEADERSHIP - IN SERVICE TO THE COLLEGE, TO THEIR COMMUNITIES, AND TO THE WORLD BEYOND. FORM 990, PART VI, SECTION A, LINE 2 STEPHEN NIGRO, BETSY CANNON SMITH, AND LISA RUTHERFORD ARE OFFICERS AND JAMES BRASSORD IS A BOARD MEMBER OF AMHERST INN COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE TRUSTEES OF AMHERST COLLEGE MEMBERS OF THE BOARD OF TRUSTEES WERE PROVIDED A FULL COPY OF FORM 990 PRIOR TO FILING, WITH THE EXCEPTION OF SCHEDULE B IN ORDER TO RESPECT THE WISHES OF THE DONORS THAT GAVE GIFTS WITH THE ASSUMPTION OF REMAINING ANONYMOUS. THE REVIEW OF SCHEDULE B WAS CONDUCTED BY THE AUDIT COMMITTEE, CHAIRMAN OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 12C ALL INDIVIDUALS COVERED BY THE POLICY COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT WITH THE SECRETARY OF THE BOARD OF TRUSTEES (THE "SECRETARY") ANNUALLY. THE SECRETARY ACCUMULATES ALL DISCLOSURE STATEMENTS AND FURNISHES A SUMMARY TO THE CONFLICT OF INTEREST REVIEW COMMITTEE. IN ALL INSTANCES WHERE THE CONFLICT OF INTEREST REVIEW COMMITTEE DETERMINES THAT A CONFLICT OF INTEREST DOES EXIST, SUCH CONFLICTS, AND THEIR REMEDY, ARE DISCLOSED TO THE BOARD OF TRUSTEES AT THE NEXT MEETING. THE CONFLICT OF INTEREST COMMITTEE REPORTS TO THE BOARD AT LEAST ANNUALLY. FORM 990, PART VI, LINE 14: THE COLLEGE HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY THAT WAS APPROVED BY THE COLLEGE'S SENIOR MANAGEMENT. APPROVAL OF THIS POLICY IS NOT REQUIRED AT THE FULL BOARD OF TRUSTEES LEVEL. FORM 990, PART VI, SECTION B, LINE 15A THE COLLEGE PARTICIPATED IN AN ANNUAL SURVEY OF COMPARABLE INSTITUTIONS WHICH COMPARED HISTORIC SALARIES AND DESIGNATED BENEFITS FOR THE CHIEF EXECUTIVE OFFICER AND SENIOR ADMINISTRATIVE STAFF. THE COLLEGE'S PRESIDENT REVIEWED WITH THE BOARD OF TRUSTEES THE RELEVANT SURVEY INFORMATION AS WELL AS SENIOR STAFF PERFORMANCE EVALUATIONS AND DISCUSSED ANNUAL SALARY ADJUSTMENTS. THE BOARD OF TRUSTEES DELEGATED TO AN AD HOC COMMITTEE ON COMPENSATION, CONSISTING OF INDEPENDENT TRUSTEES, AUTHORITY TO DETERMINE THE COMPENSATION OF THE PRESIDENT. AS PROVIDED IN THE COMPENSATION POLICY FOR DESIGNATED INDIVIDUALS, THE COMMITTEE ON COMPENSATION REVIEWED THE RELEVANT SURVEY INFORMATION, CONDUCTED AN ANNUAL EVALUATION OF THE PRESIDENT, DETERMINED THE PRESIDENT'S COMPENSATION AND CONTEMPORANEOUSLY DOCUMENTED ITS DECISION. THE COMMITTEE ON COMPENSATION SHARED ITS FINDINGS AND COMPENSATION DECISION WITH THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE TRUSTEES OF AMHERST COLLEGE MAKES ITS ANNUAL FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE AND MAILS IT TO CERTAIN INTERESTED THIRD PARTIES. THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE ON THE WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF LIFE INCOME FUNDS -4,003,225. CHANGE IN POST-RETIREMENT BENEFIT OBLIGATION -5,180,686. UNREALIZED GAIN ON SWAP 1,671,375. COLLEGIATE CATALYST FUND LLC 1154 ROUTE 30 TOWNSHEND VT 05353 043793835 CAPTIVE INSURANCE VT 638616 2042292 AMHERST AMHERST COLLEGE FOUNDATION TRUST JPM SVCS INC PO BOX 6089 NEWARK DE 19714 516522862 SUPPORT NY 501(C)(3) PF AMHERST 1 AC HARRY ELWIN HARKNESS CLASS OF 1898 PNC BANK NA 620 LIBERTY AVE PITTSBURGH PA 15222 222891327 SUPPORT PA 501(C)(3) PF AMHERST 1 ASSOCIATED KYOTO PROGRAM INC POMONA COLLEGE MASON HALL 236 550 N CLAREMONT CA 91711 042996114 SUPPORT MA 501(C)(3) 12 III-FI N/A 0 WOODSIDE CHILDREN'S CENTER 155 WOODSIDE AVENUE AMHERST MA 01002 042888548 CHILD CARE MA 501(C)(3) 12 III-O AMHERST 1 AMHERST INN COMPANY - DE AMHERST COLLEGE 155 SOUTH PLEASANT AMHERST MA 01002 272334296 HOSPITALITY DE TRUSTEES OF AMHERST COLLEGE C 6980259 3861599 1.00000 1 CHARITABLE UNITRUSTS - CA (4) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST CA N/A T 1 CHARITABLE UNITRUSTS - CT (3) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST CT N/A T 1 CHARITABLE UNITRUSTS - FL (4) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST FL N/A T 1 CHARITABLE UNITRUSTS - GA (1) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST GA N/A T 1 CHARITABLE UNITRUSTS - MA (107) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST MA N/A T 1 CHARITABLE UNITRUSTS - MI (1) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST MI N/A T 1 CHARITABLE UNITRUSTS - NC (1) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST NC N/A T 1 CHARITABLE UNITRUSTS - NJ (2) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST NJ N/A T 1 CHARITABLE UNITRUSTS - NY (1) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST NY N/A T 1 CHARITABLE UNITRUSTS - OH (2) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST OH N/A T 1 CHARITABLE UNITRUSTS - PA (2) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST PA N/A T 1 CHARITABLE UNITRUSTS - TX (1) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST TX N/A T 1 CHARITABLE UNITRUSTS - WA (1) PO BOX 5000 AMHERST MA 01002 CHARITABLE TRUST WA N/A T 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 AMHERST COLLEGE FOUNDATION TRUST A 827500 CASH AC HARRY ELWIN HARKNESS CLASS OF 1898 A 72224 CASH AMHERST INN COMPANY - DE A 141850 CASH CHARITABLE UNITRUST (MA) S 2174128 CASH