2022-05-12T12:42:57-05:00 2021-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2020-07-01 231352683 SWARTHMORE COLLEGE % CARRIE DIENNA SWAR 6103288000 500 COLLEGE AVENUE SWARTHMORE PA 19081 ALICE TURBIVILLE ACTING TREASURER 6103288000 2022-05-09 true ALICE TURBIVILLE 999009999 ANTONIO C RUSSO P00858539 2673303000 2022-05-09 2 2020 2022-09-23 18:48:47Z ALICE TURBIVILLE 500 COLLEGE AVENUE SWARTHMORE PA 19081 1339348194 false X swarthmore.edu X 1864 PA SEE SCHEDULE O 33 33 2445 1031 -601146 0 33612000 21451000 110872000 88743000 171918836 244601315 12241225 9668692 328644061 364464007 47037000 39763000 0 0 108697144 107341706 200630 78023 6189413 77377797 77805262 233312571 224987991 95331490 139476016 2777013000 3573029000 392358000 381070000 2384655000 3191959000 X SEE SCHEDULE O false false 173384188 39763000 88743000 SWARTHMORE IS A CO-EDUCATIONAL COLLEGE OF LIBERAL ARTS AND ENGINEERING DEDICATED TO INTELLECTUAL EXPLORATION, ACCESS, AND EDUCATING FOR THE COMMON GOOD. THE AVERAGE ENROLLMENT FOR FISCAL YEAR 2020-21 WAS 1,439. THERE WERE 2 STUDENTS STUDYING ABROAD. OF THE TOTAL STUDENT POPULATION, 1,232 COME FROM ACROSS THE UNITED STATES WHILE 207 COME FROM OTHER NATIONS. SWARTHMORE'S COMMITMENT TO FINANCIAL AID AND ACCESS IS AT THE CORE OF OUR EDUCATIONAL MISSION. THE COLLEGE STRIVES TO MAKE IT POSSIBLE FOR ALL ADMITTED STUDENTS TO ATTEND SWARTHMORE, REGARDLESS OF THEIR ABILITY TO PAY, AND MEETS 100 PERCENT OF DETERMINED NEED FOR ALL ADMITTED STUDENTS. NEARLY 56 PERCENT OF THE STUDENTS RECEIVED NEED-BASED SWARTHMORE SCHOLARSHIP AID FROM AN OVERALL FINANCIAL AID BUDGET OF $40 MILLION. SWARTHMORE'S AID AWARDS CONSIST OF GRANTS (WHICH DO NOT NEED TO BE REPAID) AND THE EXPECTATION THAT STUDENTS WILL WORK IN A PART-TIME CAMPUS-BASED JOB. THE COLLEGE'S FINANCIAL AID AWARDS ARE LOAN-FREE. SWARTHMORE'S 425-ACRE ARBORETUM CAMPUS INCLUDES THE CRUM WOODS, A NATURALLY WOODED AREA COMPRISING NEARLY THREE-FIFTHS OF THE COLLEGE'S LAND. IN 2015, THE COLLEGE LAUNCHED ITS ENVIRONMENTAL SUSTAINABILITY FRAMEWORK, A SET OF GUIDELINES FOR CAPITAL PROJECTS AND FACILITIES OPERATIONS THAT INCLUDES SUSTAINABLE BUILDING GUIDELINES AND A PROJECT CHECKLIST. THE FOLLOWING YEAR, THE COLLEGE INSTITUTED A CARBON CHARGE THAT PROVIDES FUNDING FOR CAMPUS INITIATIVES AND PROJECTS THAT INCREASE ENERGY CONSERVATION AND EFFICIENCY AND PROMOTE RENEWABLE ENERGY. SWARTHMORE WAS HONORED TO RECEIVE A 2017 SUSTAINABLE CAMPUS EXCELLENCE AWARD IN THE INNOVATIVE COLLABORATION CATEGORY FROM THE INTERNATIONAL SUSTAINABLE CAMPUS NETWORK FOR OUR CARBON CHARGE PROGRAM. SWARTHMORE COLLEGE IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY FOR ALL QUALIFIED PERSONS, WITHOUT DISCRIMINATION AGAINST ANY PERSON BY REASON OF SEX, RACE, COLOR, AGE, RELIGION, NATIONAL ORIGIN, HANDICAP, OR SEXUAL ORIENTATION. THIS POLICY IS CONSISTENT WITH RELEVANT GOVERNMENTAL STATUES AND REGULATIONS, INCLUDING THOSE PURSUANT TO TITLE IX OF THE FEDERAL EDUCATION AMENDMENTS OF 1972 AND SECTION 504 OF THE FEDERAL REHABILITATION ACT OF 1973. 173384188 true true false true false false false true false true true true false false true true false true true false true false true true false false false false true true true true true true false false true false false false false true false false false true true true true false false true 1759 0 true 2445 true true true false false false false false false false false false false true X 33 33 false false false false false false false true true false false true true true true true true true true false CA KY MD MA MI NH NJ NY OK OR PA SC X X CARRIE DIENNA 6103287686 500 COLLEGE AVENUE SWARTHMORE PA 19081 X VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 40.0 0.0 X X 558091 0 174498 Richard T Eldridge PROFESSOR 40.0 0.0 X 420142 0 23039 Brian A Meunier PROFESSOR 40.0 0.0 X 418919 0 20058 GREGORY N BROWN VP FIN & ADMIN & TREASURER 40.0 0.0 X 375392 0 48521 SARAH WILLIE-LEBRETON PROVOST & DEAN OF THE FACULTY 40.0 0.0 X 270812 0 148348 Sara Marie Hiebert Burch PROFESSOR 40.0 0.0 X 390432 0 0 MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 40.0 0.0 X 332450 0 48521 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 40.0 0.0 X 270391 0 52364 JAMES L BOCK III VP AND DEAN OF ADMISSIONS 40.0 0.0 X 239117 0 71163 ALLEN SCHNEIDER PROFESSOR 40.0 0.0 X 269481 0 38058 JAMES TERHUNE VP FOR STUDENT AFFAIRS 40.0 0.0 X 219490 0 73762 ANDREW HIRSCH VP FOR COMMUNICATIONS 40.0 0.0 X 241142 0 48123 NELSON A MACKEN PROFESSOR 40.0 0.0 X 238359 0 39127 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL 40.0 0.0 X 195181 0 48669 JOEL COOPER CHIEF OF INFORMATION TECH 40.0 0.0 X 197888 0 39850 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 40.0 0.0 X 191921 0 33867 KARL W CLAUSS FRMR VP OF COLLEGE ADVANCEMENT 0.0 0.0 X 194149 0 26313 EDWARD ROWE CHIEF OF STAFF AND SECRETARY 40.0 0.0 X 179282 0 26956 ALICE TURBIVILLE ASST. TREASURER (EFF. 1/21) 40.0 0.0 X 151430 0 34426 LIAM MCALPINE THRU 521 Interim VP of College Advance 40.0 0.0 X 153596 0 24996 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 40.0 0.0 X 134016 0 38318 LORI ANN JOHNSON ASST. TREASURER (THRU 12/20) 40.0 0.0 X 138076 0 21973 LESLIE ABBEY TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM BOULDING TRUSTEE 2.0 0.0 X 0 0 0 DAVID G BRADLEY TRUSTEE 2.0 0.0 X 0 0 0 JOHN P CHEN TRUSTEE 4.0 0.0 X 0 0 0 RHONDA RESNICK COHEN TRUSTEE 2.0 0.0 X 0 0 0 THOM COLLINS TRUSTEE 4.0 0.0 X 0 0 0 ELIZABETH ECONOMY TRUSTEE 4.0 0.0 X 0 0 0 THOMAS WT HARTNETT TRUSTEE 4.0 0.0 X 0 0 0 MARILYN HOLIFIELD TRUSTEE 4.0 0.0 X 0 0 0 S LESLIE JEWETT TRUSTEE 4.0 0.0 X 0 0 0 ELEANOR JOSEPH TRUSTEE 2.0 0.0 X 0 0 0 JAKY JOSEPH TRUSTEE 4.0 0.0 X 0 0 0 HAROLD KALKSTEIN TRUSTEE 4.0 0.0 X 0 0 0 LUCY LANG TRUSTEE 2.0 0.0 X 0 0 0 CINDI LEIVE TRUSTEE 4.0 0.0 X 0 0 0 SABRINA MARTINEZ TRUSTEE 4.0 0.0 X 0 0 0 DAVID MCELHINNY TRUSTEE 4.0 0.0 X 0 0 0 COREY MULLOY TRUSTEE 2.0 0.0 X 0 0 0 NICOLE O'DELL ODIM TRUSTEE 2.0 0.0 X 0 0 0 CATHYRN POLINSKY TRUSTEE 2.0 0.0 X 0 0 0 H VINCENT POOR TRUSTEE 4.0 0.0 X 0 0 0 DOROTHY ROBINSON TRUSTEE 2.0 0.0 X 0 0 0 ANNE SCHUCHAT TRUSTEE 2.0 0.0 X 0 0 0 GUSTAVO SCHWED TRUSTEE 2.0 0.0 X 0 0 0 JUNE ROTHMAN SCOTT TRUSTEE 2.0 0.0 X 0 0 0 ROBIN M SHAPIRO TRUSTEE 4.0 0.0 X 0 0 0 SALEM D SHUCHMAN CHAIR 6.0 0.0 X X 0 0 0 DAVID W SINGLETON TRUSTEE 2.0 0.0 X 0 0 0 JAMES SNIPES TRUSTEE 4.0 0.0 X 0 0 0 THOMAS E SPOCK TRUSTEE 2.0 0.0 X 0 0 0 SUJATHA A SRINIVASAN TRUSTEE 4.0 0.0 X 0 0 0 JOSEPH L TURNER TRUSTEE 4.0 0.0 X 0 0 0 BRYAN WOLF TRUSTEE 2.0 0.0 X 0 0 0 BOHEE YOON TRUSTEE/EX. OFF. BOARD MEMBER 2.0 0.0 X 0 0 0 Elizabeth Boluch-Wood VP-COLLEGE ADVANCE(AS OF 6/21) 40.0 0.0 X 0 0 0 5779757 0 1080950 224 true true false SKANSKA USA BUILDING INC 518 E TOWNSHIP LINE ROAD BLUE BELL PA 19422 BUILDING SERVICES 14486894 LF DRISCOLL COMPANY LLC 401 CITY LINE AVENUE BALA CYNWYD PA 19004 BUILDING SERVICES 6113070 WARFEL CONSTRUCTION 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 BUILDING SERVICES 2562089 DLR GROUP INC PO Box 933078 CLEVELAND OH 44193 ARCHITECTUAL SERVICE 2415466 TARGET BUILDING CONSTRUCTION INC 1124 CHESTER PIKE CRUM LYNNE PA 19022 BUILDING SERVICES 1073740 49 6045000 15406000 4841257 21451000 TUITION & FEES 611310 77851000 77851000 ROOM & BOARD 611310 10892000 10892000 88743000 103595877 -3182731 106778608 6422 6422 51930 51930 1499850 1164009 335841 0 335841 335841 1114719194 973720178 140999016 140999016 140999016 0 0 0 0 0 0 0 0 0 INN AT SWARTHMORE (INN & RESTAURANT) 721110 2206374 2206374 BOOKSTORE AT SWARTHMORE (AT INN) 611710 375211 375211 AUXILIARY & OTHER SERVICES 611310 6699336 6699336 9280921 364464007 88743000 -601146 254871153 0 33509013 33509013 6253987 6253987 0 0 4714693 1099468 3320530 294695 0 77143066 61841779 12258084 3043203 6466157 5129204 1053868 283085 13561982 9855206 3100872 605904 5455808 4352316 867889 235603 0 333323 333323 307723 307723 0 78023 78023 7873000 7873000 9613525 6032956 3097819 482750 294381 35163 259218 8200109 5206432 2915556 78121 4373332 3106273 1153883 113176 0 2414160 1782386 562330 69444 410117 400446 6248 3423 0 782949 658641 92484 31824 9204056 7072972 1855514 275570 0 16581206 12767529 3316241 497436 1943174 1901089 42085 EQUIP PURCH, RENTAL & MAINT 4519019 3125353 1382554 11112 ANNUITY PAYMENTS 1609095 1609095 FOOD & BEVERAGE (NON-TRAVEL) 1418216 1418216 OFF-CAMPUS STUDY PROGRAMS 51103 51103 7876774 6175561 1615169 86044 224987991 173384188 45414390 6189413 53841000 87175000 0 0 18543000 13921000 4538000 3516000 319024 194218 0 0 7930976 6605782 340257 342599 1421743 1827401 694343000 200790000 473516000 493553000 819595000 983173000 1371050000 1979610000 0 0 0 0 25918000 3111000 2777013000 3573029000 29630000 28381000 0 0 2563000 2019000 318444000 305925000 0 0 0 0 0 0 0 0 41721000 44745000 392358000 381070000 X 1020825000 1247888000 1363830000 1944071000 2384655000 3191959000 2777013000 3573029000 X 139476016 668399984 -572000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1117 1117 false false PART II-B LINE 1I DETAIL OF LOBBYING EXPENSES SWARTHMORE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) AND THE LOBBYING EXPENSES ASSOCIATED WITH THIS MEMBERSHIP WAS $1,117. 4726000 X X X false 2103670000 6803000 906280000 21650000 87918000 7873000 2899312000 2131553000 8468000 81291000 21543000 89643000 6456000 2103670000 2115768000 4278000 146528000 21794000 104907000 8320000 2131553000 1955532000 3895000 244813000 18537000 63356000 6579000 2115768000 1746962000 35302000 257710000 17720000 60085000 6637000 1955532000 0.35000 0.62000 0.03000 false false 5783000 5783000 663969000 181448000 482521000 523000 0 523000 19342000 19342000 0 4726000 0 4726000 493553000 PUBLIC EQUITY 386747000 F REAL ASSETS 263031000 F PRIVATE EQUITY 957169000 F MARKETABLE ALTERNATIVES 370452000 F OTHER 2211000 F 1979610000 0 EMPLOYEE AND FORMER EMPLOYEES 7296000 CONDITIONAL GIFT LIABILITY 1700000 DONORS 16137000 POSTRETIREMENT HEALTH BENEFIT 18440000 CONDITIONAL ASSET RETIRMNT OBL 1172000 44745000 X 985820000 668399984 668399984 317420016 7873000 39170991 47043991 364464007 178516000 178516000 7873000 38598991 46471991 224987991 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS THE COLLEGE MAINTAINS A SMALL PERMANENT COLLECTION OF ART THAT IS USED IN TEACHING (E.G., COURSES IN STUDIO ART AND ART HISTORY) AND PROVIDES STUDENTS WITH RESEARCH OPPORTUNITIES. ---------------------- SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS BESIDES SCHOLARSHIPS, THE SWARTHMORE COLLEGE ENDOWMENT PROVIDES FUNDING FOR A VARIETY OF PROGRAMS INCLUDING PROFESSORSHIPS, FACULTY AND STUDENT RESEARCH, LIBRARY AND ACADEMIC SUPPORT, AWARDS AND PRIZES, COMMUNITY SERVICE, FACILITIES AND GROUNDS, DEBT SERVICE AND CAPITAL PROJECTS, AS WELL AS GENERAL BUDGET SUPPORT. ------------------- SCHEDULE D, PART X, LINE 2 TEXT OF FIN 48 (ASC 740) FOOTNOTE THE FOLLOWING IS THE TEXT OF THE FIN 48 (ASC 740) FOOTNOTE FROM THE CONSOLIDATED JUNE 30, 2021 SWARTHMORE COLLEGE AUDITED FINANCIAL STATEMENTS: IN ACCORDANCE WITH THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT REGULARLY EVALUATES ITS TAX POSITIONS AND DOES NOT BELIEVE THE COLLEGE HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT IN THE FINANCIAL STATEMENTS. THE COLLEGE CONTINUALLY MONITORS AND EVALUATES ITS ACTIVITIES FOR UNRELATED BUSINESS INCOME ACTIVITY. -------------------- SCHEDULE D, PART XI, LINE 4B DETAIL OF OTHER CHANGES COSTS OF RENTAL HOUSING $ (1,164,009) CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS 572,000 STUDENT AID 39,763,000 ------------------- TOTAL $ 39,170,991 -------------------- SCHEDULE D, PART XII, LINE 4B DETAIL OF OTHER CHANGES COST OF RENTAL HOUSING $ (1,164,009) STUDENT AID 39,763,000 ------------------- TOTAL $ 38,598,991 ------------------- true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY SWARTHMORE COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS ON A NATIONWIDE AND WORLDWIDE BASIS AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY. SWARTHMORE COLLEGE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL ITS PRINTED AND BROADCAST ADVERTISING, AS WELL AS IN COLLEGE CATALOGS. THEREFORE, SWARTHMORE COLLEGE IS IN COMPLIANCE WITH SECTIONS 4.02 AND 4.03 OF IRS REVENUE PROCEDURE 75-50. ------------------ SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY SWARTHMORE COLLEGE PARTICIPATES IN FIVE FEDERAL STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS AND FEDERAL STAFFORD LOAN PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) STUDENT GRANT PROGRAM. THE ONLY DIRECT FINANCIAL ASSISTANCE RECEIVED BY THE COLLEGE FROM A GOVERNMENTAL AGENCY IS THE PHEAA INSTITUTIONAL ASSISTANCE GRANT. ------------------ true Central America and the Caribbean Investments N/A 573681673 Europe (Including Iceland and Greenland) Investments N/A 27693753 North America Investments N/A 10685867 Central America and the Caribbean Program Services SCHOLARSHIPS 285374 East Asia and the Pacific Program Services SCHOLARSHIPS 969063 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 634920 Middle East and North Africa Program Services SCHOLARSHIPS 743853 North America Program Services SCHOLARSHIPS 506411 Russia and the Newly Independent States Program Services SCHOLARSHIPS 143552 South America Program Services SCHOLARSHIPS 653553 South Asia Program Services SCHOLARSHIPS 431475 Sub-Saharan Africa Program Services SCHOLARSHIPS 1885786 East Asia and the Pacific Program Services STUDY ABROAD 3250 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 9095 618327625 618327625 SCHOLARSHIPS Central America and the Caribbean 4 285374 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS East Asia and the Pacific 20 969063 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Europe (Including Iceland and Greenland) 10 634920 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Middle East and North Africa 18 743853 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS North America 9 506411 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Russia and the Newly Independent States 2 143552 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South America 12 653553 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South Asia 14 431475 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Sub-Saharan Africa 31 1885786 CREDIT SCHOLARSHIPS BOOK true false false true true false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SWARTHMORE COLLEGE SCHOLARSHIPS ARE AWARDED TO STUDENTS, IN ACCORDANCE WITH COLLEGE POLICIES, TO COVER TUITION AND OTHER EDUCATIONAL EXPENSES CHARGED BY THE COLLEGE AND DISTRIBUTED DIRECTLY ON THE STUDENT'S ACCOUNT. X X X X X X X true MARTS LUNDY 1200 WALL STREET LYNDHUSRT NJ 07071 GENERAL CONSULTING false 13534499 11180 13523319 GREEN SEEDS 342 WEST 4TH STREET MEDIA PA 19063 GENERAL CONSULTING false 1062015 18060 1043955 HANOVER RESEARCH 4401 WILSON BOULEVARD 9TH FLOOR ARLINGTON VA 22203 GENERAL CONSULTING false 809486 48783 760703 15406000 78023 15327977 All States true SWARTHMORE COLLEGE FUNDS/SCHOLARSHIPS 751 33509013 N/A N/A SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SWARTHMORE COLLEGE SCHOLARSHIPS ARE AWARDED TO STUDENTS, IN ACCORDANCE WITH COLLEGE POLICIES, TO COVER TUITION AND OTHER EDUCATIONAL EXPENSES CHARGED BY THE COLLEGE AND DISTRIBUTED DIRECTLY ON THE STUDENT'S ACCOUNT. X X X X X true true X X X X X true true false false false false false false false MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 332450 0 0 0 0 0 28500 0 20021 0 380971 0 0 0 JAMES L BOCK III VP AND DEAN OF ADMISSIONS 239117 0 0 0 0 0 24479 0 46684 0 310280 0 0 0 GREGORY N BROWN VP FIN & ADMIN & TREASURER 375392 0 0 0 0 0 28500 0 20021 0 423913 0 0 0 KARL W CLAUSS FRMR VP OF COLLEGE ADVANCEMENT 194149 0 0 0 0 0 14250 0 12063 0 220462 0 0 0 JOEL COOPER CHIEF OF INFORMATION TECH 197888 0 0 0 0 0 20000 0 19850 0 237738 0 0 0 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 270391 0 0 0 0 0 27500 0 24864 0 322755 0 0 0 ANDREW HIRSCH VP FOR COMMUNICATIONS 241142 0 0 0 0 0 24000 0 24123 0 289265 0 0 0 LORI ANN JOHNSON ASST. TREASURER (THRU 12/20) 138076 0 0 0 0 0 12740 0 9233 0 160049 0 0 0 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL 195181 0 0 0 0 0 19879 0 28790 0 243850 0 0 0 LIAM MCALPINE THRU 521 Interim VP of College Advance 153596 0 0 0 0 0 15660 0 9336 0 178592 0 0 0 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 191921 0 0 0 0 0 17007 0 16860 0 225788 0 0 0 EDWARD ROWE CHIEF OF STAFF AND SECRETARY 179282 0 0 0 0 0 17544 0 9412 0 206238 0 0 0 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 134016 0 0 0 0 0 13802 0 24516 0 172334 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 558091 0 0 0 0 0 115625 0 58873 0 732589 0 0 0 JAMES TERHUNE VP FOR STUDENT AFFAIRS 219490 0 0 0 0 0 21820 0 51942 0 293252 0 0 0 ALICE TURBIVILLE ASST. TREASURER (EFF. 1/21) 151430 0 0 0 0 0 15875 0 18551 0 185856 0 0 0 SARAH WILLIE-LEBRETON PROVOST & DEAN OF THE FACULTY 270812 0 0 0 0 0 123484 0 24864 0 419160 0 0 0 ALLEN SCHNEIDER PROFESSOR 269481 0 0 0 0 0 26405 0 11653 0 307539 0 0 0 NELSON A MACKEN PROFESSOR 238359 0 0 0 0 0 23904 0 15223 0 277486 0 0 0 Richard T Eldridge PROFESSOR 107350 0 0 0 312792 0 10655 0 12384 0 443181 0 0 0 Brian A Meunier PROFESSOR 106127 0 0 0 312792 0 10652 0 9406 0 438977 0 0 0 Sara Marie Hiebert Burch PROFESSOR 0 0 0 0 390432 0 0 0 0 0 390432 0 0 0 SCHEDULE J, LINE 1A DETAIL OF ADDITIONAL BENEFITS PROVIDED FIRST CLASS TRAVEL IN GENERAL, IT IS SWARTHMORE COLLEGE'S (THE "COLLEGE") POLICY THAT FIRST CLASS TRAVEL IS NOT AUTHORIZED FOR COLLEGE EMPLOYEES TRAVELING ON COLLEGE BUSINESS. HOWEVER, IN RECOGNITION THAT THE PRESIDENT TYPICALLY WORKS DURING FLIGHTS, ATTENDS DIRECTLY TO BUSINESS UPON ARRIVAL, AND CANNOT SCHEDULE IN TIME FOR ADEQUATE REST, THE BOARD OF MANAGERS HAS APPROVED THE USE OF FIRST CLASS TRAVEL FOR THE PRESIDENT ON DOMESTIC AND INTERNATIONAL FLIGHTS OVER THREE HOURS IN LENGTH. THIS POLICY EXTENDS TO THE PRESIDENT'S SPOUSE WHEN HE OR SHE ACCOMPANIES THE PRESIDENT ON BUSINESS TRAVEL. FOR ALL OTHER EMPLOYEES (FACULTY AND STAFF), FIRST CLASS TRAVEL MUST BE PRE-APPROVED BY THE PRESIDENT OR HIS/HER DESIGNATE. TRAVEL FOR COMPANIONS IN CERTAIN AUTHORIZED CIRCUMSTANCES THE COLLEGE WILL PAY, OR WILL REIMBURSE, FOR THE TRAVEL, MEALS AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE UNDER THE COLLEGE'S ACCOUNTABLE PLAN. REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE UNLESS THE COMPANION TRAVEL IS: 1) FOR A BONA FIDE BUSINESS PURPOSE, 2) DIRECTLY BENEFITS THE COLLEGE, AND 3) IS PROPERLY DOCUMENTED AND APPROVED. ANY SPOUSE/PARTNER TRAVEL OTHER THAN THE PRESIDENT MUST BE APPROVED, IN ADVANCE, BY THE PRESIDENT OR HIS/HER DESIGNATE. TAX GROSS-UP PAYMENTS RETIREMENT PAYMENTS TO EMPLOYEES MAY INCLUDE A GROSS-UP FOR A PORTION OF THE BENEFITS PAID. RESIDENCE REQUIREMENT AS A CONDITION OF EMPLOYMENT, THE PRESIDENT, THE DEAN OF STUDENTS, AND THE VICE PRESIDENT OF COLLEGE ADVANCEMENT MAINTAINED THEIR FULL TIME RESIDENCE IN COLLEGE-PROVIDED HOUSING AND USED SUCH RESIDENCES FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES. SOCIAL CLUB DUES MEMBERSHIP DUES WERE PROVIDED TO ONE NEW YORK UNIVERSITY CLUBS TO BE USED FOR BUSINESS PURPOSES (ENTERTAINMENT / TRAVEL). -------------------- SCHEDULE J, PART I, LINE 4A DETAIL OF SEVERANCE PAYMENTS THE FOLLOWING INDIVIDUALS RECEIVED EARLY RETIREMENT PAYMENTS: RICHARD T. ELDRIDGE: $312,792 BRIAN A. MEUNIER: $312,792 SARA MARIE HIEBERT BURCH: $389,432 -------------------- SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION SWARTHMORE COLLEGE (THE "COLLEGE") MAINTAINS A SUPPLEMENTAL EXECUTIVE IRC SECTION 457(F) RETIREMENT PLAN ("SERP") DESIGNED FOR THE PRESIDENT OF THE COLLEGE. VESTING IN THE SERP WILL OCCUR IF THE PRESIDENT REMAINS AT THE COLLEGE THROUGH JUNE 30, 2025 (OR DEATH OR PERMANENT DISABILITY PRIOR TO THEN). THERE WERE NO DISTRIBUTIONS MADE FROM THE SERP PLAN FOR THE JUNE 30, 2021 TAX YEAR. -------------------- SCHEDULE J, PART II ADDITIONAL INFORMATION ALL DEFERRED COMPENSATION FIGURES REPORTED ON PART II, COLUMN C, INCLUDE EMPLOYER CONTRIBUTIONS TO A QUALIFIED RETIREMENT PLAN. JAMES TERHUNE - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. VALERIE SMITH - OTHER COMPENSATION FIGURE IS A RESULT OF THE PAYMENT OF ACCRUED LEAVE COMPENSATION AND BENEFITS. VALERIE SMITH - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. SARAH WILLIE-LEBRETON - DEFERRED COMPENSATION ALSO INCLUDES ACCRUED LEAVE COMPENSATION AND BENEFITS. RICHARD ELDRIDGE - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. BRIAN MEUNIER - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. SARA HIEBERT BURCH - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. ---------------- A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2011B 232243929 870000GY6 2011-12-21 17177979 VAR. CAPITAL PROJECTS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2013 232243929 870000JG2 2013-07-31 52616042 VAR. CAPITAL PROJECTS- SEE PART VI false false false C SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2015 232243929 870000KJ4 2015-07-14 59996832 VAR. CAPITAL PROJECTS- SEE PART VI false false false D SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016A 232243929 870000KY1 2016-08-16 73699674 REFUNDING PRIOR BOND- SEE PART VI false false false A 5428869 0 17594907 0 0 0 137349 0 0 17457558 0 0 2014 false false true true B 17095145 0 52626016 0 0 0 353951 0 0 18387425 33885000 0 2016 true false true true C 6097801 0 60362681 0 0 0 348937 0 0 60013744 0 0 2018 false false false true D 20463983 0 73701488 0 0 0 344674 0 0 0 73356814 0 2016 false true true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D 0 A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false true false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (F) PART I, LINE A: THE PROCEEDS OF THE BONDS ISSUED ON 12/21/2011 WERE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2011B BONDS. PART I, LINE B: THE PROCEEDS OF THE BONDS ISSUED ON 7/31/2013 WERE USED TO REFUND THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2008 ISSUED ON 4/30/2008 AND SERIES 2009 ISSUED ON 7/29/2009, USED FOR VARIOUS TAX EXEMPT CAPITAL PROJECTS AND TO FUND THE COSTS OF ISSUING THE 2013 BONDS. PART I, LINE C: THE PROCEEDS OF THE BONDS ISSUED ON 7/14/2015 WERE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2015 BONDS. PART I, LINE D: THE PROCEEDS OF THE BONDS ISSUED ON 7/19/2016 WERE USED TO ADVANCE REFUND THE 2006A REVENUE BONDS, AND TO FUND THE COSTS OF ISSUING THE 2016A BONDS. PART I, LINE E: THE PROCEEDS OF THE BONDS ISSUED ON 7/19/2016 WERE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2016B BONDS. PART I, LINE F: THE PROCEEDS OF THE BONDS ISSUED ON 7/10/2018 WERE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2018 BONDS. -------------------- SCHEDULE K, PART II, LINE 3 DETAIL OF TOTAL PROCEEDS FROM ISSUE THE TOTAL PROCEEDS OF ISSUE REPORTED FOR EACH BOND LISTED INCLUDES INVESTMENT EARNINGS. FOR THE 2011B SERIES (ISSUED 12/21/2011) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $416,928 FOR THE 2013 SERIES (ISSUED 07/31/2013) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $9,974 FOR THE 2015 SERIES (ISSUED 07/14/2015) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $365,849 FOR THE 2016A SERIES (ISSUED 07/19/2016) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $1,814 FOR THE 2016B SERIES (ISSUED 08/14/2016) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $278,471 FOR THE 2018 SERIES (ISSUED 07/10/2018) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $2,720,284 -------------------- SCHEDULE K, PART III PRIVATE BUSINESS USE FOR THE 08/16/2016A BONDS (COLUMN D), THERE WAS NO NEED TO COMPLETE THIS PRIVATE BUSINESS USE SECTION SINCE THIS 2016A BOND ISSUE WAS SIMPLY A REFUNDING ISSUE OF THE 2006A BONDS (WHICH, IN TURN, WERE AN ADVANCED REFUNDING ISSUE OF THE 1998 & 2001 BONDS (WHICH WERE BOTH ISSUED PRIOR TO THE SCHEDULE K 12/31/2002 REPORTING DATE). -------------------- SCHEDULE K, PART IV, LINE 2C DATE THE REBATE COMPUTATION WAS PERFORMED COLUMN A: 12/21/2016 COLUMN B: 07/30/2020 COLUMN C: 09/15/2020 COLUMN D: 08/15/2020 COLUMN E: 08/15/2020 COLUMN F: 07/26/2020 -------------------- A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016B 232243929 870000LW4 2016-08-16 25244118 VAR. CAPITAL PROJECTS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2018 232243929 870000LX2 2018-07-10 110605739 VAR. CAPITAL PROJECTS- SEE PART VI false false false A 2409188 0 25522589 0 0 0 194356 0 0 25328233 0 0 2019 false false false true B 2574514 0 113326023 0 10190406 0 672822 0 0 102462795 0 0 2021 true false false true A false false false false 0 false false false true B 0 A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true A true B true JAMES L BOCK III OFFICER MORTGAGE X 340000 158218 false true true ANDREW HIRSCH OFFICER MRTG DWN PYMT ASSIST X 45000 36000 false true true 194218 X 82 4841257 Fair Market Value false true false SCHEDULE M, PART I, LINE 32 USE OF THIRD PARTIES SWARTHMORE COLLEGE MAINTAINS ACCOUNTS AT SEVERAL BROKERAGE FIRMS TO FACILITATE THE SALE OF ANY NON-CASH CONTRIBUTIONS IT MAY RECEIVE. --------------- SCHEDULE M, PART I, COLUMN (B) INFORMATION REGARDING NUMBER OF CONTRIBUTIONS SWARTHMORE COLLEGE IS REPORTING THE AGGREGATE NUMBER OF CONTRIBUTIONS RECEIVED OF SCHEDULE M, PART I, COLUMN B (NOT THE NUMBER OF ITEMS RECEIVED). --------------- FORM 990, PART I, LINE 1 & PART III, LINE 1 DETAIL OF ORGANIZATION'S MISSION SWARTHMORE COLLEGE PROVIDES LEARNERS OF DIVERSE BACKGROUNDS A TRANSFORMATIVE LIBERAL ARTS EDUCATION GROUNDED IN RIGOROUS INTELLECTUAL INQUIRY AND EMPOWERS ALL WHO SHARE IN OUR COMMUNITY TO FLOURISH AND CONTRIBUTE TO A BETTER WORLD. WE COMMIT TO THIS MISSION BY: - OFFERING A ROBUST, LIBERAL ARTS CURRICULUM CONNECTING THE ARTS, HUMANITIES, NATURAL SCIENCES AND ENGINEERING, SOCIAL SCIENCES, AND INTERDISCIPLINARY PROGRAMS - FOSTERING INNOVATIVE RESEARCH AND CREATIVE PRODUCTION AND ENCOURAGING COLLABORATION AMONG FACULTY, STUDENTS, AND STAFF - BUILDING A DIVERSE, EQUITABLE, AND INCLUSIVE RESIDENTIAL COMMUNITY THAT ENRICHES OUR EXPERIENCES AND EXPANDS OUR WORLDVIEWS - STEWARDING OUR RESOURCES THROUGH INTENTIONAL DAILY AND LONG-TERM SUSTAINABILITY PRACTICES, HONORING OUR LOCATION ON THE ANCESTRAL LAND OF THE LENNI LENAPE PEOPLE. - CREATING OPPORTUNITIES FOR EDUCATION AND GROWTH AMONG FACULTY, STUDENTS, STAFF, AND ALUMNI BY SHARING IN THE MULTITUDE OF TALENTS OF THE COLLEGE COMMUNITY, EXPLORING THE BEAUTY OF OUR NATURAL ENVIRONMENT, AND ACTIVELY ENGAGING IN THE RICH CULTURAL DIVERSITY OF OUR REGION AND OUR WORLD - COMMITTING TO PEACE, EQUITY, AND SOCIAL RESPONSIBILITY, ROOTED IN OUR FOUNDING AS A CO-EDUCATIONAL QUAKER INSTITUTION ---------------- FORM 990, PART VI, LINE 11 AND 11A FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED INTERNALLY BY SWARTHMORE COLLEGE. IT IS REVIEWED BY THE APPROPRIATE SENIOR MANAGEMENT AND A NATIONALLY RECOGNIZED ACCOUNTING FIRM. BEFORE THE FORM 990 IS FILED, IT IS PROVIDED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE FINANCE COMMITTEE, AND ALL BOARD MEMBERS FOR THEIR REVIEW. -------------------- FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY SWARTHMORE COLLEGE HAS TWO CONFLICT OF INTEREST POLICIES--ONE FOR ITS BOARD MEMBERS AND ONE FOR EMPLOYEES. EACH YEAR ALL MEMBERS OF THE BOARD RECEIVE A SURVEY REMINDING THEM OF THE POLICY AND REQUESTING DISCLOSURE OF BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS. LIKEWISE, ALL SUPERVISORY STAFF OF THE COLLEGE RECIEVES A SURVEY REMINDING THEM OF THE EMPLOYEE CONFLICT OF INTEREST POLICY AND ASKING THEM FOR OTHER BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS FOR THEMSELVES OR ANY MEMBER OF THE STAFF REPORTING TO THEM. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF MANAGERS RECEIVES A SUMMARY OF ALL RESPONSES AND ADDRESSES POSSIBLE CONFLICTS WHICH ARISE. -------------------- FORM 990, PART VI, LINE 15B PROCESS FOR DETERMINING OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD OF MANAGERS REVIEWS AND APPROVES THE COMPENSATION FOR COMPENSATED OFFICERS, DIRECTORS, AND KEY EMPLOYEES, INCLUDING THE PRESIDENT. THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM AN INDEPENDENT CONSULTANT, CONSULTS WITH THE PRESIDENT REGARDING THE PERFORMANCE OF EACH OFFICER, DIRECTOR AND KEY EMPLOYEE THAT REPORTS TO THE PRESIDENT AND SETS THE COMPENSATION FOR EACH OF THEM. THE COMPENSATION COMMITTEE SEPARATELY REVIEWS THE PERFORMANCE OF THE PRESIDENT AND USES COMPARATIVE DATA TO DETERMINE THE PRESIDENT'S COMPENSATION FOR THE SUBSEQUENT YEAR. THIS PROCESS IS COMPLETED ANNUALLY. -------------------- FORM 990, PART VI, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE VIA THE COLLEGE'S WEBSITE. THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE VIA THE COLLEGE'S WEBSITE. -------------------- FORM 990, PART XI, LINE 9 DETAIL OF OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS $ 17,000 CHANGE IN OTHER POST RETIREMENT BENEFITS (589,000) ------------ $(572,000) -------------------- PARRISH LLC 500 COLLEGE AVE SWARTHMORE PA 19081 460563007 INN/RESTAURNT PA 2295684 -1053881 SWARTHMORE HIGHLAND CAPITAL PARTNERS VIII-B LP ONE BROADWAY 16TH FLOOR CAMBRIDGE MA 02142 980628360 INVESTMENTS MA SWARTHMORE EXCLUDED FROM TAX 30169 1410491 false 0 false 0.65333 WELLINGTON TRUST COMPANY NA CFT GLOBAL 280 CONGRESS STREET BOSTON MA 02210 208025804 INVESTMENTS MA SWARTHMORE EXCLUDED FROM TAX 1144816 0 false 0 false 0.99790 MARJAY PRODUCTIONS INC 1007 ORANGE STREET SUITE 1410 WILMINGTON DE 19801 131952572 LITERARY WORK DE NA C CORPORATION 173222 100421 1.00000 true CHARITABLE REMAINDER ANNUITY TRUSTS CRATs - 3 SWARTHMORE PA 19081 N/A PA NA TRUST CHARITABLE REMAINDER UNITRUSTS CRUTs - 31 SWARTHMORE PA 19081 N/A PA NA TRUST NET INC CHARITABLE REMAINDER UNITRUSTs NIMCRUTs - 7 SWARTHMORE PA 19081 N/A PA NA TRUST true false false false false false false false false false false false false false false false false false false Marjay Productions Inc A 120000 PER ESTATE DOC.