2021-05-17T13:31:00-05:00 2020-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2019-07-01 042104847 Williams College WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 FREDERICK W PUDDESTER VP FIN / ADMIN & TREAS 2021-05-17 true Rachel Spurlock P00520729 5023263996 2019 2022-09-23 18:48:47Z MAUD S MANDEL HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 684526964 false X WWW.WILLIAMS.EDU X 1793 MA SEE SCHEDULE O. 23 22 3817 5635 -3937338 -6331028 67517086 53444284 150978403 151735391 252007895 145852893 -1437486 -1152021 469065898 349880547 55985339 57958040 0 0 144925561 152406824 0 9772058 124057843 113161358 324968743 323526222 144097155 26354325 4124342736 4107584297 895515100 921315777 3228827636 3186268520 SEE SCHEDULE O. false false 282633521 57958040 151735391 WILLIAMS IS AN INDEPENDENT LIBERAL ARTS COLLEGE FOR APPROXIMATELY 2,000 FULL-TIME UNDERGRADUATE AND 50 GRADUATE STUDENTS WHO COME FROM ALL OF THE 50 STATES and countries from around the world. THE WILLIAMS CURRICULUM OFFERS STUDY IN THE HUMANITIES, THE SOCIAL SCIENCES AND THE NATURAL SCIENCES AND COMBINES A BROAD EDUCATION WITH KNOWLEDGE OF ONE FIELD IN DEPTH. THE COLLEGE OFFERS THE BACHELOR OF ARTS DEGREE AT THE UNDERGRADUATE LEVEL. IN ADDITION, MASTER OF ARTS PROGRAMS IN POLICY ECONOMICS AND HISTORY OF ART ARE OFFERED. 282633521 true true false true true false true true true true true false false true false false true true true true false true false false false false true true true true false false false false false true false false true false true true false false true true true true false false true X 3727 0 true 3817 true true true true UK false false false false false false false false false false false false false true true X 23 22 false false false false false false false true true false false false true true true true true true true false CA MA X X X SUSAN HOGAN 4135974204 PO BOX 67 WILLIAMSTOWN MA 01267 MAUD MANDEL PRESIDENT 40.0 1.0 X X 554405 0 160974 COOPER CAMPBELL JACKSON TRUSTEE 4.0 X 0 0 0 ELIZABETH A ANDERSEN TRUSTEE 4.0 X 0 0 0 ELIZABETH E ROBINSON TRUSTEE/CHAIR 6.0 X 0 0 0 GREGORY H WOODS TRUSTEE 4.0 X 0 0 0 GRETCHEN E HOWARD TRUSTEE 4.0 X 0 0 0 JEFFREY S HARLESTON TRUSTEE 4.0 X 0 0 0 JILLIAN E CHARLES TRUSTEE 4.0 X 0 0 0 JONATHAN D SOKOLOFF TRUSTEE 4.0 X 0 0 0 KATHERINE L QUEENEY TRUSTEE 4.0 X 0 0 0 LEILA JERE TRUSTEE 4.0 X 0 0 0 MARIAM B NAFICY TRUSTEE 4.0 X 0 0 0 MARK R TERCEK TRUSTEE 4.0 X 0 0 0 MARTHA WILLIAMSON TRUSTEE 4.0 X 0 0 0 MICHELE Y JOHNSON ROGERS TRUSTEE 4.0 X 0 0 0 NATHAN K SLEEPER TRUSTEE 4.0 X 0 0 0 NORIKO HONDA CHEN TRUSTEE 4.0 X 0 0 0 O ANDREAS HALVORSEN TRUSTEE 4.0 4.0 X 0 0 0 SARAH MOLLMAN UNDERHILL TRUSTEE 4.0 X 0 0 0 THOMAS M BELK TRUSTEE 4.0 X 0 0 0 TIMOTHY A BARROWS TRUSTEE 4.0 X 0 0 0 VALERIE A DIFEBO TRUSTEE 4.0 X 0 0 0 WILLIAM C FOOTE TRUSTEE 4.0 X 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 40.0 X 1415408 0 604924 DAVID A LOVE PROVOST, PROF OF ECONOMICS 40.0 X 267916 0 62981 DENISE K BUELL DEAN OF THE FACULTY, PROF OF RELIGION 40.0 X 268059 0 50762 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 40.0 X 450135 0 57618 JAMES REISCHE VP OF COMMUNICATIONS 40.0 X 214088 0 71713 KELI A GAIL SECRETARY OF THE COLLEGE 40.0 X 232048 0 73575 LEE Y PARK Dean of the Faculty, Prof of Chemistry 40.0 X 156746 0 34495 LETICIA Smith-Evans HAYNES VP for Institutional Diversity, Equity, and Inclusion 40.0 X 211241 0 57525 MARLENE J SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 40.0 X 266469 0 58054 MEGAN E MOREY VP OF COLLEGE RELATIONS 40.0 X 380284 0 99529 STEPHEN P KLASS VP FOR CAMPUS LIFE 40.0 X 352870 0 55900 ABIGAIL G WATTLEY MANAGING DIRECTOR, INV OFFICE 40.0 X 517277 0 164514 BRADFORD B WAKEMAN MANAGING DIR / COO, INV OFFICE 40.0 X 635446 0 216697 CHARLES DEW EPHRAIM PROFESSOR OF AMERICAN HISTORY, EMERITUS 40.0 X 231435 0 43136 JAY Pasachoff CHAIR AND FIELD MEMORIAL PROFESSOR OF ASTRONOMY, DIRECTOR OF THE HOPKINS OBSERVATORY 40.0 X 233036 0 42347 JULIA CROSBY MANAGING DIRECTOR, INV OFFICE 40.0 X 644985 0 208037 PROTIK K MAJUMDER PROF PHYSICS/FRMR PRESIDENT 40.0 X 173299 0 88485 7205147 0 2151266 283 true true false Cambridge Seven Associates Inc 1050 Massachusetts Ave Cambridge MA 02138 architect 853521 Payette Associates Inc 290 Congress St 5th Floor Boston MA 02210 architect 807077 Eplus Technology Inc 13595 Dulles Technology Drive Herndon VA 20171 Network & Systems Consulting 561905 PricewaterhouseCoopers LLP 125 High St Boston MA 02110 accounting services 479183 Strata Fund Solutions LLC 257 E 200 S STE 1300 Salt Lake City UT 84111 investment services 421860 41 2236499 51207785 17671586 53444284 TUITION, FEES, ROOM AND BOARD 900099 144611608 144611608 AUXILIARY REVENUE 721000 7123783 7123783 0 0 0 0 151735391 634155 -6664738 7298893 609 609 2095605 3247626 -1152021 0 -1152021 -1152021 476616920 331398791 145218129 0 145218129 2727400 142490729 0 0 0 0 0 349880547 151735391 -3937338 148638210 299309 299309 57448954 57448954 209777 209777 0 0 4013640 1185983 1846701 980956 229361 174744 54617 107796495 91921685 11818448 4056362 9348415 7876707 1121132 350576 23452001 20079460 2631490 741051 7566912 6375663 907481 283768 272369 6908 265461 316438 30562 278655 7221 20206444 17923572 1723262 559610 194062 75579 118006 477 7277713 6862120 297784 117809 2988965 2328768 636765 23432 5727754 5288943 294003 144808 5461823 4628977 498640 334206 193846 145982 22787 25077 11261120 9488297 1350518 422305 36982047 31102121 4497072 1382854 1643586 29346 1614168 72 FELLOWSHIPS, STUDENT PRIZES 5405982 5361343 44639 EQUIPMENT RENTAL AND MAINTANCE 7424390 6930198 464996 29196 NON CAPPED PLANT EXPENSES 7804819 6858523 634018 312278 0 0 0 0 323526222 282633521 31120643 9772058 40013271 26369259 71698859 10812046 110609408 87451390 1892356 1048290 315408 239302 0 13016419 12872464 292027 289629 9875966 11622735 1168101801 451345955 681502916 716755846 33158854 34776720 3145482169 3189801832 1957920 1720136 14527163 13824648 4124342736 4107584297 77689049 83110648 1835177 3618335 435544674 425178670 57475892 54698457 0 0 322970308 354709667 895515100 921315777 X 414639448 400776044 2814188188 2785492476 3228827636 3186268520 4124342736 4107584297 X 26354325 -60679557 -8233884 X false true X true true true X 68769484 119314764 70532953 67517086 53444284 379578571 0 0 68769484 119314764 70532953 67517086 53444284 379578571 43500778 336077793 5852743 6143438 6501238 3513153 2730369 24740941 0 0 0 0 0 0 0 404319512 734103393 0.8312 0.7545 X Schedule A, Part I, Line 2 Explanation of filing To qualify for limited donor disclosure under the special rule on Schedule B, the public support test has been completed to demonstrate the university meets the quantitative support test under Section 509(a)(1) of the internal revenue code, which requires an organization to receive a substantial part of its support from a governmental unit or from the general public. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 55815 55815 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE ORGANIZATION PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS INCLUDING NACUBO, NAICU, AND AICUM WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. 1 0 125453 2506566 true true 2973678 53769649 X X X X false false true X 2729896193 31790239 86454800 37181396 91328534 6343446 2713287856 2612003490 43061074 243206573 29649127 131065159 7660658 2729896193 2382934150 19934890 311454291 22758502 72544413 7016926 2612003490 2146509040 37576619 303172136 25627014 72444759 6251872 2382934150 2251976280 22060972 -35220183 24661307 62718883 4927839 2146509040 0.082 0.675 0.243 false false 866350 12768499 13634849 2878762 897229190 351245637 548862315 115552987 74135840 41417147 138806013 25964478 112841535 716755846 Global Long/Short Equity Funds 1354576120 F Absolute return funds 547077371 F Venture Capital funds 539789605 F Buyout funds 234388181 F Real Asset funds 128399184 F Real Estate funds 127250576 F Noninvestment Grade Fixed income funds 193010603 F Other Investment assets 65310192 F 3189801832 US GOV'T ADVANCES FOR STUDENTS 2310918 INVEST. ON BEHALF OF SUPP ORG 352398749 354709667 226556001 -60679557 -8233884 -68913441 295469442 54411105 54411105 349880547 269115117 0 0 269115117 54411105 54411105 323526222 Schedule D, Part III, Line 1a Collections of Art, Historical Treasures, or Other Similar Assets THE COLLEGE'S ART AND RARE BOOK COLLECTIONS ARE RECORDED AT COST OR APPRAISED VALUE AT THE DATE OF ACQUISITION. COLLECTIONS ARE NOT DEPRECIATED. Schedule D, Part III, Line 4 Collections of art - description of collections THE MUSEUM'S PRINCIPAL MISSION IS TO ENCOURAGE MULTIDISCIPLINARY TEACHING THROUGH ENCOUNTERS WITH ART OBJECTS THAT TRAVERSE TIME PERIODS AND CULTURES. Schedule D, Part IV, Line 2b Explanation of escrow agreement WILLIAMS COLLEGE SERVES AS TRUSTEE FOR VARIOUS CHARITABLE REMAINDER TRUSTS AND MAINTAINS THE ASSETS AND CORRESPONDING RESERVE LIABILITIES ON ITS BALANCE SHEET. Schedule D, Part V, Line 4 Intended uses of endowment funds THE COLLEGE MANAGES AND INVESTS THE ENDOWMENT TO PROVIDE CURRENT AND FUTURE SUPPORT FOR THE OPERATIONS OF THE COLLEGE. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIPS FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, FACULTY COMPENSATION AND OTHER ACADEMIC AND STUDENT OPERATIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 LIFE INCOME PAYMENTS AND CHANGE IN PRESENT VALUE - -1468973 ADJUSTMENTS FOR POST-EMPLOYMENT LIABILITIES - -1355285 GAIN AND NET SETTLEMENT ON INTEREST RATE SWAPS - -7005472 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS - 1589512 CHANGE IN NONCONTROLLING INTEREST - 6334 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FINANCIAL AID - 57658731 RENTAL EXPENSES - -3247626 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 57658731 RENTAL EXPENSE - -3247626 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY WILLIAMS COLLEGE COURSE CATALOG/BULLETIN AND ON THE COLLEGE'S WEBSITE AT WWW.WILLIAMS.EDU. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT STUDENTS AT WILLIAMS COLLEGE RECEIVE TITLE IV FEDERAL FINANCIAL AID. STUDENTS APPLY FOR AND RECEIVE FEDERAL FINANCIAL AID & PROFESSORS APPLY FOR AND RECEIVE GOVERNMENT GRANTS. true Europe (Including Iceland and Greenland) 1 1 Program Services Instruction 1387160 Europe (Including Iceland and Greenland) 1 1 Program Services Research 11044 Europe (Including Iceland and Greenland) 1 1 Program Services Administrative Expenses 7780 North America (Canada & Mexico only) 0 0 Program Services Research 600 North America (Canada & Mexico only) 0 0 Program Services Instruction 650 South America 0 0 Program Services Instruction 1250 South America 0 0 Program Services Research 500 Middle East and North Africa 0 0 Program Services Instruction 150 Middle East and North Africa 0 0 Program Services Research 268 East Asia and the Pacific 0 0 Program Services Research 2171 South Asia 0 0 Program Services Research 5000 South Asia 0 0 Program Services Instruction 7276 Russia and Neighboring States 0 0 Program Services Instruction 3000 Sub-Saharan Africa 0 0 Grantmaking 1280 Central America and the Caribbean 0 0 Investments 1724774214 Europe (Including Iceland and Greenland) 0 0 Investments 23668722 Sub-Saharan Africa 0 0 Investments 33041306 3 3 0 0 3 3 1782912371 0 1782912371 FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Russia and Neighboring States 7 15331 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Europe (Including Iceland and Greenland) 10 41320 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS East Asia and the Pacific 13 102393 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Central America and the Caribbean 2 6105 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Sub-Saharan Africa 6 16978 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS North America (Canada & Mexico only) 9 27650 CASH PAYMENT N/A FMV FELLOWSHIPS Europe (Including Iceland and Greenland) 24 696244 CASH PAYMENT N/A FMV true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds FOR THE STUDENT TUITION PAYMENTS, WE REMIT FUNDS DIRECTLY TO THE INSTITUTIONS BASED ON INVOICES RECEIVED FROM THE INSTITUTIONS. Schedule F, Part I, Line 3(f) Total expenditures for and investments in the region ALL EXPENSES OF OUR PROGRAMS ARE RECORDED AS EXPENSES IN THE FINANCIAL STATEMENTS OF THE COLLEGE. Schedule F, Part I, Line 3 Activities per Region THE REGION REPORTED IN COLUMN (A) FOR THE COLLEGE'S INVESTMENTS IS BASED ON THE LEGAL DOMICILE OF THE INVESTMENT FUND AS PROVIDED IN THE SCHEDULE F INSTRUCTIONS. THIS DOES NOT NECESSARILY INCLUDE THE REGION OF THE UNDERLYING INVESTMENTS OR THE REGION WHERE THE INVESTMENT ACTIVITY OCCURS. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS FOR THE STUDENT TUITION PAYMENTS, WE REMIT FUNDS DIRECTLY TO THE INSTITUTIONS BASED ON INVOICES RECEIVED FROM THE INSTITUTIONS. true MASS MUSEUM OF CONTEMP ART 1040 MASS MOCA WAY NORTH ADAMS MA 01247 043113688 501(C)(3) 60000 PROGRAM SUPPORT BERKSHIRE UNITED WAY 200 SOUTH ST PITTSFIELD MA 01201 042104841 501(C)(3) 52744 PROGRAM SUPPORT NORTHERN BERKSHIRE UNITED WAY PO BOX 955 NORTH ADAMS MA 01247 042104785 501(C)(3) 8549 PROGRAM SUPPORT WILLIAMSTOWN COMMUNITY CHEST PO BOX 204 WILLIAMSTOWN MA 01267 046044550 501(C)(3) 35016 PROGRAM SUPPORT WILLIAMSTOWN YOUTH CENTER 66 SCHOOL ST WILLIAMSTOWN MA 01267 042105836 501(C)(3) 50000 PROGRAM SUPPORT IMAGES CINEMA 50 SPRING ST WILLIAMSTOWN MA 01267 043407257 501(C)(3) 30500 PROGRAM SUPPORT WILLINET 34 SPRING ST WILLIAMSTOWN MA 01267 043253056 501(C)(3) 12500 PROGRAM SUPPORT 7 0 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1055 57448954 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. FINANCIAL AID TO INDIVIDUALS IS AWARDED BY FINANCIAL AID PROFESSIONALS IN ACCORDANCE WITH THE COLLEGE POLICIES. GRANTS TO ORGANIZATIONS IN PART II ARE TO SUPPORT LOCAL SERVICE ORGANIZATIONS IN THE SURROUNDING COMMUNITIES. Williams has close proximity to these local schools, community organizations, and 501(C)3 organizations in order to monitor the use of its funds. X X X X true true X X X false false false false false false false false false MAUD MANDEL PRESIDENT 539536 0 0 0 14869 0 91560 0 69414 0 715379 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 584606 0 811031 0 19771 0 581560 0 23364 0 2020332 0 518501 0 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 430322 0 0 0 19813 0 31560 0 26058 0 507753 0 0 0 MEGAN E MOREY VP OF COLLEGE RELATIONS 360142 0 0 0 20142 0 31560 0 67969 0 479813 0 0 0 STEPHEN P KLASS VP FOR CAMPUS LIFE 350991 0 0 0 1879 0 31560 0 24340 0 408770 0 0 0 DAVID A LOVE PROVOST, PROF OF ECONOMICS 266023 0 0 0 1893 0 30952 0 32029 0 330897 0 0 0 MARLENE J SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 266327 0 0 0 142 0 30652 0 27402 0 324523 0 0 0 DENISE K BUELL DEAN OF THE FACULTY, PROF OF RELIGION 267799 0 0 0 260 0 30952 0 19810 0 318821 0 0 0 KELI A GAIL SECRETARY OF THE COLLEGE 231471 0 0 0 577 0 26050 0 47525 0 305623 0 0 0 JAMES REISCHE VP OF COMMUNICATIONS 194038 0 0 0 20050 0 25033 0 46680 0 285801 0 0 0 LETICIA Smith-Evans HAYNES VP for Institutional Diversity, Equity, and Inclusion 211070 0 0 0 171 0 24675 0 32850 0 268766 0 0 0 LEE Y PARK Dean of the Faculty, Prof of Chemistry 156088 0 0 0 658 0 16824 0 17671 0 191241 0 0 0 JULIA CROSBY MANAGING DIRECTOR, INV OFFICE 349170 0 294016 0 1799 0 189060 0 18977 0 853022 0 194815 0 BRADFORD B WAKEMAN MANAGING DIR / COO, INV OFFICE 357449 0 276223 0 1774 0 169455 0 47242 0 852143 0 193489 0 ABIGAIL G WATTLEY MANAGING DIRECTOR, INV OFFICE 299055 0 218222 0 0 0 159810 0 4704 0 681791 0 135224 0 JAY Pasachoff CHAIR AND FIELD MEMORIAL PROFESSOR OF ASTRONOMY, DIRECTOR OF THE HOPKINS OBSERVATORY 232278 0 0 0 758 0 22861 0 19486 0 275383 0 0 0 CHARLES DEW EPHRAIM PROFESSOR OF AMERICAN HISTORY, EMERITUS 231277 0 0 0 158 0 26342 0 16794 0 274571 0 0 0 PROTIK K MAJUMDER PROF PHYSICS/FRMR PRESIDENT 172934 0 0 0 365 0 18428 0 70057 0 261784 0 0 0 Schedule J, Part I LINE 4B AND LINE 7 MEMBERS OF THE INVESTMENT OFFICE STAFF ARE ELIGIBLE TO RECEIVE AN ANNUAL BONUS UP TO A CERTAIN PERCENTAGE OF THEIR BASE SALARY. THE BONUS IS DETERMINED BY THE PERFORMANCE OF THE INVESTMENT PORTFOLIO IN RELATION TO THE PERFORMANCE OF THE POLICY BENCHMARK. THE POLICY BENCHMARK IS ESTABLISHED BY THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE BONUS IS PAID OUT OVER TIME, REQUIRES THE INDIVIDUAL TO REMAIN EMPLOYED IN ORDER TO BE ELIGIBLE TO RECEIVE PAYMENT, AND IS SUBJECT TO NEGATIVE EARNINGS PROVISIONS. Schedule J, Part I, Line 1a First-class or charter travel THE PRESIDENT TRAVELED FIRST CLASS ON A RED-eye FLIGHT BACK FROM A WEST COAST TRIP. AMOUNTS WERE NOT REPORTED AS TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Travel for companions THE BOARD OF TRUSTEES AUTHORIZED ONE LISTED OFFICER'S SPOUSE TO ACCOMPANY THE OFFICER ON VARIOUS COLLEGE BUSINESS TRIPS WHERE THE SPOUSE PARTICIPATED IN ALUMNI RELATIONS AND DEVELOPMENT EVENTS. The amounts were not reported as taxable compensation. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE PRESIDENT WAS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF HER EMPLOYMENT AND FOR THE CONVENIENCE OF WILLIAMS. Pursuant to section 119, the housing is excludable from income and was not treated as taxable compensation. ONE LISTED OFFICER RECEIVED A TAXABLE HOUSING ALLOWANCE. THE VALUE OF THE ALLOWANCE IS IMPUTED AS INCOME AND REPORTED ON FORM W-2. THE VALUE OF THE ALLOWANCE IS INCLUDED IN PART II, COLUMN B(III). Schedule J, Part I, Line 1a Personal services PRESIDENT MANDEL RECEIVED CERTAIN PERSONAL SERVICES PROVIDED AT HER HOUSE. SUCH SERVICES THAT WERE NOT BUSINESS RELATED WERE REPORTED AS TAXABLE COMPENSATION. A MASS HEALTH & EDU FACILITIES AUTHORITY - SERIES J&K 042456011 57586CPX7 2006-04-03 73396573 1996 & 2003 CURRENT REFUNDING false false false B MASS DEVELOPMENT FINANCE Agency - SERIES N&O 043431814 57583UAA6 2011-03-24 92077256 CONSTR AND 1993 & 2007 CURRENT REFUNDING false false false C MASS HEALTH & EDU FACILITIES AUTHORITY - H&I 042456011 57585KW79 2003-04-02 115049757 CONSTRC AND 1993 CURRENT REFUNDING false false false D MASS DEVELOPMENT FINANCE Agency - SERIES P 043431814 57583UWR5 2013-05-30 148355419 NEW CONSTR & REF 2003, 2006 & 2007 false false false A 52897504 73396573 556293 72840280 2006 true false true true B 13397063 0 92077256 661056 50166200 41250000 2013 true false true true C 96377068 115049757 644884 100699405 13705468 2005 true false true true D 15825241 148355419 840287 67001789 80513343 2015 true true true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false true false true true MORGAN STANLEY 20.0 false false false false true B false false false true true false false false true C false false true false false false true Trinity 3.0 true false true D false false false true false false false false true A true B true C true D true Schedule K, Part IV, Line 2c COLUMN B Issuer name: MASS. DEVELOPMENT FINANCE Agency - SERIES N&O The calculation for computing no rebate due was performed on 08/12/2020 Schedule K, Part IV, Line 2c COLUMN D Issuer name: MASS. DEVELOPMENT FINANCE Agency - SERIES P The calculation for computing no rebate due was performed on 06/30/2016 A MASS DEVELOPMENT FINANCE AGENCY - SERIES Q&R 043431814 57584XTN1 2016-07-14 118161121 New construction and Refinance 2006 & 2007 debt false false false B MASS DEVELOPMENT FINANCE AGENCY SERIES S 043431814 57584XS77 2017-06-08 60495031 CONSTRUCTION false false false A 9817969 0 118161121 621091 70000000 47540030 2018 true false true true B 723000 0 60495031 0 0 0 387376 0 0 60000000 107655 2019 false false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false true false false true true Goldman Sachs 30.0 false false false false true B false true false false false false false false true A true B true FREDERICK PUDDESTER OFFICER MORTGAGE ON PRIMARY Residence X 100000 77693 false false true DENISE BUELL OFFICER MORTGAGE ON PRIMARY Residence X 81880 52774 false false true DAVID LOVE OFFICER MORTGAGE ON PRIMARY Residence X 100000 67465 false false true JAMES REISCHE OFFICER MORTGAGE ON PRIMARY Residence X 45000 41370 false false true 239302 NOAH SANDSTROM SPOUSE OF MARLENE J SANDSTROM, OFFICER 174744 EMPLOYMENT AGREEMENT false AIMEE REISCHE SPOUSE OF JAMES REISCHE, OFFICER 54617 EMPLOYMENT AGREEMENT false Schedule L, Part II, Column (h) ELIGIBLE EMPLOYEES, INCLUDING LISTED PERSONS, ENTER INTO MORTGAGE AGREEMENTS IN ACCORDANCE WITH POLICIES AND PROCEDURES AS OUTLINED IN FACULTY AND STAFF HANDBOOKS WHICH HAVE BEEN APPROVED BY APPLICABLE GOVERNING COMMITTEES. EACH MORTGAGE IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & TREASURER TO ENSURE COMPLIANCE AND CONSISTENCY WITH THE POLICY. X 18 2973678 Opinions of experts X 282 12118790 Market value X 1 2349118 Other - NAV X 1 230000 Market value 18 false true true Schedule M, Part I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS IN COLUMN B, THE COLLEGE IS GENERALLY REPORTING THE NUMBER OF CONTRIBUTIONS. FOR WORKS OF ART, THE COLLEGE IS REPORTING THE NUMBER OF Donors. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions WILLIAMS COLLEGE GENERALLY USES A BROKER/AGENT TO FACILITATE THE SALE OF REAL PROPERTY. Form 990, Part I, Line 1 BRIEF MISSION WILLIAMS SEEKS TO PROVIDE THE FINEST POSSIBLE LIBERAL ARTS EDUCATION BY NURTURING IN ITS STUDENTS THE ACADEMIC AND CIVIC VIRTUES AND THEIR RELATED TRAITS OF CHARACTER. AS BOTH AN EDUCATIONAL AND SOCIAL IMPERATIVE, WILLIAMS WELCOMES TALENTED STUDENTS IRRESPECTIVE OF THEIR FINANCIAL RESOURCES. ONCE ENROLLED, THEY LEARN - BOTH INSIDE AND OUTSIDE THE CLASSROOM - THAT THE PRIVILEGE OF A WILLIAMS EDUCATION IMPLIES BOTH THE OPPORTUNITY AND RESPONSIBILITY TO SERVE SOCIETY AT LARGE. THE COLLEGE STRIVES TO ACHIEVE SUCH EXCELLENCE BY FOSTERING A COMMUNITY OF LEARNING THAT COMPRISES STUDENTS, FACULTY AND STAFF, IN PARTNERSHIP WITH NETWORKS OF DEEPLY DEVOTED ALUMNI AND PARENTS. Form 990, Part III, Line 1 ORGANIZATION'S MISSION WILLIAMS SEEKS TO PROVIDE THE FINEST POSSIBLE LIBERAL ARTS EDUCATION BY NURTURING IN ITS STUDENTS THE ACADEMIC AND CIVIC VIRTUES AND THEIR RELATED TRAITS OF CHARACTER. AS BOTH AN EDUCATIONAL AND SOCIAL IMPERATIVE, WILLIAMS WELCOMES TALENTED STUDENTS IRRESPECTIVE OF THEIR FINANCIAL RESOURCES. ONCE ENROLLED, THEY LEARN - BOTH INSIDE AND OUTSIDE THE CLASSROOM - THAT THE PRIVILEGE OF A WILLIAMS EDUCATION IMPLIES BOTH THE OPPORTUNITY AND RESPONSIBILITY TO SERVE SOCIETY AT LARGE. THE COLLEGE STRIVES TO ACHIEVE SUCH EXCELLENCE BY FOSTERING A COMMUNITY OF LEARNING THAT COMPRISES STUDENTS, FACULTY AND STAFF, IN PARTNERSHIP WITH NETWORKS OF DEEPLY DEVOTED ALUMNI AND PARENTS. Form 990, Part VI, Line 1a Delegate broad authority to a committee WILLIAMS COLLEGE'S GOVERNING BODY AND GOVERNING DOCUMENTS DELEGATE AUTHORITY ON A LIMITED SCOPE TO AN EXECUTIVE COMMITTEE CONSISTING OF THE BOARD CHAIR, THE PRESIDENT OF THE COLLEGE, AND 5-7 OTHER BOARD MEMBERS SELECTED ANNUALLY BY THE CHAIR AND PRESIDENT ACTING JOINTLY. Form 990, Part VI, Line 11b Review of form 990 by governing body WORKING WITH CROWE LLP, THE FORM 990 IS PREPARED FOR REVIEW BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. CROWE LLP SIGNS THE RETURN AS PAID PREPARER. A FINAL FORM 990 EXCLUDING THE NAMES OF ANONYMOUS DONORS AND THE AMOUNTS FOR CERTAIN ANONYMOUS DONORS WAS THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy TRUSTEES, OFFICERS, AND SENIOR STAFF ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURE FORMS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. TRUSTEES OR OFFICERS HAVING A CONFLICT OF INTEREST ON ANY MATTER THAT COMES BEFORE THE BOARD, OR ANY COMMITTEE OF THE BOARD, FOR ACTION RECUSE THEMSELVES FROM PARTICIPATING IN THE DECISION. EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. DISCLOSURES ARE REVIEWED BY DEPARTMENT HEADS AND SENIOR STAFF. ANY EMPLOYEE WITH A CONFLICT OF INTEREST WOULD BE PRECLUDED FROM INVOLVEMENT IN DECISION MAKING OR FINANCIAL DEALINGS WITH THE ENTITY OR RELATIONSHIP GIVING RISE TO THE CONFLICT. TRUSTEES, OFFICERS, AND EMPLOYEES ARE REQUIRED TO REPORT ANY MID-YEAR CHANGES TO THE PRESIDENT'S OFFICE AND THEIR SUPERVISOR RESPECTIVELY. Form 990, Part VI, Line 15a Process to establish compensation of top management official Williams College assigns the duty of setting the President's compensation to the Executive Committee of the Board of Trustees that annually reviews compensation. The Executive Committee considers compensation surveys, market data, and analysis. The deliberations and decisions are documented. This process last occurred from March to May 2020. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of the organization's other officers and key employees is determined by the President. Each year, the Director of HR provides the President with a multiyear summary of compensation benchmarking data for members of senior staff. The benchmarking data comprises salary survey data aggregated by the College and University Professional Association of Human Resources, as well as an independent survey administered by Sullivan Cotter. The President consults with the Executive Committee of the board and the deliberations and decisions are documented. This process last occurred in April 2019. Form 990, Part VI, Line 18 How forms are made available to the public THE FORM 990 IS AVAILABLE UPON REQUEST, ON THE COLLEGE WEBSITE, AND ON GUIDESTAR.ORG. THE FORM 990-t IS AVAILABLE UPON REQUEST AND ON GUIDESTAR.ORG. Form 990, Part VI, Line 19 Required documents available to the public WILLIAMS COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON THE COLLEGE WEBSITE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Life income payments and Change in Present Value - -1468973; Adjustments for post-employment liabilities - -1355285; Gain or Loss on Financial Contract Swaps - -7005472; Investment Income on Split Interest Agreements - 1589512; Change in Noncontrolling interest - 6334; WILLIAMS INN LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 465431139 HOTEL MA 3071777 0 WILLIAMS COLLEGE STERLING & FRANCINE CLARK ART INSTITUTE 225 SOUTH STREET WILLIAMSTOWN MA 01267 042163004 ART MUSEUM MA 501(c)(3) Type I WILLIAMS COLLEGE true ASSOCIATED KYOTO PROGRAM INC COLLEGE HALL RM 204 NORTHAMPTON MA 01063 042996114 EDUCATION MA 501(c)(3) Type III-FI NA false WILLIAMS COLLEGE LAND FOUNDATION 880 MAIN STREET WILLIAMSTOWN MA 01267 043158500 RE HOLDING MA 501(c)(2) WILLIAMS COLLEGE true WILLIAMS COLLEGE OXFORD PROGRAMME EDUCATION UK 501(c)(3) WILLIAMS COLLEGE true WILLIAMS COLLEGE FOUNDATION (UK) LIMITED EDUCATION UK 501(c)(3) WILLIAMS COLLEGE true POOLED INCOME FUNDS (3) 880 Main street Williamstown MA 01267 FUNDRAISING MA WILLIAMS COLLEGE Trust true PERPETUAL TRUSTS (1) 880 Main street Williamstown MA 01267 FUNDRAISING MA WILLIAMS COLLEGE Trust true CHAR REM TRUSTS (54) SEE PART VII 880 Main street Williamstown MA 01267 FUNDRAISING WILLIAMS COLLEGE Trust true BERMAN INC TREASURERS OFFICE HOPKINS HALLS WILLIAMSTOWN MA 01267 Art UT WILLIAMS COLLEGE C Corporation 0 225000 1 true OUTSIDE CHAR REM TRSTS (48) FUNDRAISING N/A Trust true WILLIAMS RENEWABLES LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812875267 RENEWABLE ENERGY MA WILLIAMS COLLEGE C Corporation 0 2696638 1 true false false true false false false false false false false false false false false false true false false true WILLIAMS COLLEGE OXFORD PROGRAMME P 1129128 CASH PERPETUAL TRUSTS C 683887 CASH STERLING AND FRANCINE CLARK ART INSTITUTE S 22000000 CASH Schedule R, Part IV, Column (c) THE CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (3) ARE LEGALLY DOMICILED IN CA, IL, MA, AND NY. Schedule R, Part VI, Column (c) THE OUTSIDE MANAGED CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (5) ARE LEGALLY DOMICILED IN MA AND NY.