2021-05-10T11:26:40-05:00 2020-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2019-07-01 231352683 SWARTHMORE COLLEGE % ALICE TURBIVILLE SWAR 6103288000 500 COLLEGE AVENUE SWARTHMORE PA 19081 GREGORY N BROWN VP FIN, ADM & TREAS 6103288000 2021-05-10 true ANTONIO C RUSSO P00858539 2673303000 2021-05-10 2019 2022-09-23 18:48:47Z GREGORY N BROWN 500 COLLEGE AVENUE SWARTHMORE PA 19081 1318035269 false X www.swarthmore.edu X 1864 PA SEE ATTACHMENT 1 34 34 2863 1558 -1876553 0 16706000 33612000 109295000 110872000 198547029 171918836 17601209 12241225 342149238 328644061 44154000 47037000 0 0 102272967 108697144 40720 200630 6482898 84076184 77377797 230543871 233312571 111605367 95331490 2785049000 2777013000 400784000 392358000 2384265000 2384655000 X SWARTHMORE COLLEGE IS AN INSTITUTION DEDICATED TO THE FINEST UNDERGRADUATE EDUCATION, COMMITTED TO MAKING A SIGNIFICANT INTELLECTUAL CONTRIBUTION, AND RESOLVED TO BE A MICROCOSM OF, AND PREPARE LEADERSHIP FOR A MORE JUST WORLD. OUR MISSION IS TO PROVIDE AN EDUCATIONAL EXPERIENCE THAT HAS AT ITS CORE A COMMITMENT BOTH TO INTELLECTUAL VIGOR AND TO THE RESPONSIBILITY TO USE THAT VIGOR TO ADVANCE THE CONDITIONS OF HUMANITY. THE COLLEGE SEEKS TO DO THIS THROUGH AN EXCEPTIONAL ACADEMIC PROGRAM AND SUPPORTED BY PURPOSEFUL EXPERIENCES OUTSIDE OF THE CLASS ROOM. CENTRAL TO THE COLLEGE'S MISSION IS RECOGNITION OF THE FACT THAT STUDENT LEARN BOTH INSIDE AND OUTSIDE THE CLASSROOM. false false 184445334 47037000 110872000 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 2019-20 WAS 1,667. THERE WERE 73 STUDENTS STUDYING ABROAD. OF THE TOTAL STUDENT POPULATION, 1,443 COME FROM ACROSS THE UNITED STATES WHILE 224 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 $47 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. 184445334 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 2282 0 true 2863 true true true false false false false false false false false false false true X 34 34 true false false false false false false true true false false true true true true true true true true false PA X X ALICE TURBIVILLE 6109576040 500 COLLEGE AVENUE SWARTHMORE PA 19081 X VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 40.0 0.0 X X 546936 0 312649 KATHLEEN SIWICKI PROFESSOR 40.0 0.0 X 480573 0 20962 GREGORY N BROWN VP FIN & ADMIN & TREASURER 40.0 0.0 X 370489 0 46885 KARL W CLAUSS VP OF COLLEGE ADVANCEMENT 40.0 0.0 X 298250 0 108479 SARAH WILLIE-LEBRETON PROVOST & DEAN OF THE FACULTY 40.0 0.0 X 266558 0 120617 MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 40.0 0.0 X 328298 0 46885 STEPHEN BENSCH PROFESSOR 40.0 0.0 X 315723 0 13621 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 40.0 0.0 X 265334 0 50477 JAMES L BOCK III VP AND DEAN OF ADMISSIONS 40.0 0.0 X 236736 0 58484 JAMES TERHUNE INTERIM DEAN OF STUDENTS 40.0 0.0 X 227013 0 62717 ALLEN SCHNEIDER PROFESSOR 40.0 0.0 X 247557 0 38771 NELSON MACKEN PROFESSOR 40.0 0.0 X 235333 0 40990 THOMAS STEPHENSON PROFESSOR 40.0 0.0 X 214468 0 45138 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 40.0 0.0 X 206909 0 40027 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL 40.0 0.0 X 193718 0 42907 JOEL COOPER CHIEF OF INFORMATION TECH 40.0 0.0 X 193908 0 38235 EDWARD ROWE CHIEF OF STAFF AND SECRETARY 40.0 0.0 X 170896 0 25858 ANDREW HIRSCH VP FOR COMMUNICATIONS 40.0 0.0 X 152478 0 21414 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 40.0 0.0 X 133013 0 36755 LORI ANN JOHNSON ASSISTANT TREASURER 40.0 0.0 X 122726 0 21025 SOHAIL BENGALI TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM BOULDING TRUSTEE 4.0 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 4.0 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 EMILY ANNE JACOBSTEIN TRUSTEE/EX. OFF. BOARD MEMBER 2.0 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 HAROLD KALKSTEIN TRUSTEE 4.0 0.0 X 0 0 0 GILES K KEMP TRUSTEE 2.0 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 NICOLE O'DELL ODIM 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 LOURDES ROSADO TRUSTEE 2.0 0.0 X 0 0 0 ANTOINETTE SAYEH TRUSTEE 4.0 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 R 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 2.0 0.0 X 0 0 0 THOMAS E SPOCK TRUSTEE 2.0 0.0 X 0 0 0 SUJATHA SRINIVASAN TRUSTEE 4.0 0.0 X 0 0 0 DAVIA TEMIN TRUSTEE 2.0 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 SAMUEL L HAYES III EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 JAMES C HORMEL EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 JANE LANG EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 BENNETT LORBER EMERITA TRUSTEE 2.0 0.0 X 0 0 0 BARBARA W MATHER EMERITA CHAIR 2.0 0.0 X 0 0 0 ELIZABETH J MCCORMACK EMERITA TRUSTEE 2.0 0.0 X 0 0 0 MARGE PEARLMAN SCHEUER EMERITA TRUSTEE 2.0 0.0 X 0 0 0 J LAWRENCE SHANE EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 5206916 0 1192896 212 false true false SKANSKA USA BUILDING INC 518 E TOWNSHIP LINE ROAD BLUE BELL PA 19422 BUILDING SERVICES 47597268 TARGET BUILDING CONSTRUCTION INC 1124 CHESTER PIKE CRUM LYNNE PA 19022 BUILDING SERVICES 5110797 MARINO CORPORATION 1400 CRESSMAN ROAD SKIPPACK PA 19474 BUILDING SERVICES 1755507 DLR GROUP INC PO BOX 933078 CLEVELAND OH 44193 ARCHITECTUAL SRVCS 1442424 HAMILTON LANE ADVISORS LLC ONE PRESIDENTIAL BLVD 4TH FLOOR BALA CYNWYD PA 19004 INVESTMENT ADVISORS 1337500 51 2627000 30985000 2928739 33612000 TUITION & FEES 611310 91150000 91150000 ROOM & BOARD 611310 19722000 19722000 110872000 100958905 -5134416 106093321 831441 831441 58124 58124 1607163 941429 665734 0 665734 665734 1058578269 988449779 70128490 70128490 70128490 0 0 0 0 0 0 0 0 0 INN AT SWARTHMORE (INN & RESTAURANT) 721110 2720796 2720796 BOOKSTORE AT SWARTHMORE (AT INN) 611710 324992 324992 SUMMER PROGRAMS 900099 212075 212075 8259504 8259504 11517367 328644061 110872000 -1876553 186036614 0 40407389 40407389 6629611 6629611 0 4343193 1114452 2871921 356820 0 77182173 62140868 11877694 3163611 6514750 5201284 1018953 294513 15003580 11028546 3287584 687450 5653448 4382764 1031572 239112 0 80643 80643 153874 153874 0 200630 200630 6456000 6456000 6815404 4115576 2665316 34512 351489 40802 310687 7790355 5089892 2566504 133959 4307268 3322089 893318 91861 0 2335530 1722466 545955 67109 3034866 2346547 483253 205066 0 2009708 1494696 301924 213088 9126721 7016853 1836484 273384 0 13352317 10281284 2670463 400570 1884793 1847706 37087 EQUIP PURCH, RENTAL & MAINT 5533150 3973831 1503458 55861 OFF-CAMPUS STUDY PROGRAMS 3711706 3711706 FOOD & BEVERAGE (NON-TRAVEL) 2598420 2044241 554179 ANNUITY PAYMENTS 1626943 1626943 6208610 4905788 1237470 65352 233312571 184445334 42384339 6482898 40982000 53841000 0 0 15010000 18543000 1821000 4538000 827314 319024 0 0 9095686 7930976 316295 340257 2349705 1421743 657898000 184382000 443976000 473516000 913656000 819595000 1295199000 1371050000 0 0 0 0 61816000 25918000 2785049000 2777013000 30097000 29630000 0 0 1395000 2563000 331245000 318444000 0 0 0 0 0 0 0 0 38047000 41721000 400784000 392358000 X 1028961000 1020825000 1355304000 1363830000 2384265000 2384655000 2785049000 2777013000 X 95331490 -91482490 -3459000 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 1165 1165 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 $1,165. 4726000 X X X false 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 1845799000 9830000 -26573000 16857000 58458000 6779000 1746962000 0.38000 0.59000 0.03000 false false 0 5783000 5783000 0 630923000 169529000 461394000 0 0 0 0 0 16466000 14853000 1613000 0 4726000 0 4726000 473516000 PUBLIC EQUITY 290352000 F REAL ASSETS 219581000 F PRIVATE EQUITY 544531000 F MARKETABLE ALTERNATIVES 314164000 F OTHER 2422000 F 1371050000 0 EMPLOYEE AND FORMER EMPLOYEES 5904000 CONDITIONAL GIFT LIABILITY 885000 DONORS 15956000 POSTRETIREMENT HEALTH BENEFIT 17852000 CONDITIONAL ASSET RETIRMNT OBL 1124000 41721000 X 181151000 -91482490 -91482490 272633490 6456000 49554571 56010571 328644061 180761000 180761000 6456000 46095571 52551571 233312571 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, 2020 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 $ (941,429) CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS 3,459,000 STUDENT AID 47,037,000 ------------------- TOTAL $ 49,554,571 -------------------- SCHEDULE D, PART XII, LINE 4B DETAIL OF OTHER CHANGES COST OF RENTAL HOUSING $ (941,429) STUDENT AID 47,037,000 ------------------- TOTAL $ 46,095,571 ------------------- true true true 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'S NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED AND BROADCAST ADVERTISING, AS WELL AS IN COLLEGE CATALOGS. SUCH POLICY IS ALSO AVAILABLE IN PRINT IN VARIOUS LOCATIONS ON CAMPUS. THE NON-DISCRIMINATORY POLICY FOR SWARTHMORE COLLEGE CAN BE FOUND AT: https://www.swarthmore.edu/equal-opportunity-office/non-discrimination-and -equal-opportunity -------------------- SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY THE COLLEGE PARTICIPATES IN FIVE FEDERAL STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN 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 348895865 Europe (Including Iceland and Greenland) Investments N/A 21612357 North America Investments N/A 5367823 Central America and the Caribbean Program Services SCHOLARSHIPS 141488 East Asia and the Pacific Program Services SCHOLARSHIPS 1214061 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 405758 Middle East and North Africa Program Services SCHOLARSHIPS 889106 North America Program Services SCHOLARSHIPS 964235 Russia and the Newly Independent States Program Services SCHOLARSHIPS 70744 South America Program Services SCHOLARSHIPS 630533 South Asia Program Services SCHOLARSHIPS 642184 Sub-Saharan Africa Program Services SCHOLARSHIPS 1671502 East Asia and the Pacific Program Services STUDY ABROAD 74891 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 885263 383465810 383465810 SCHOLARSHIPS Central America and the Caribbean 3 141488 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS East Asia and the Pacific 22 1214061 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Europe (Including Iceland and Greenland) 9 405758 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Middle East and North Africa 15 889106 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS North America 14 964235 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Russia and the Newly Independent States 1 70744 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South America 10 630533 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South Asia 15 642184 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Sub-Saharan Africa 32 1671502 CREDIT SCHOLARSHIPS BOOK true false false true true false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL SWARTHMORE COLLEGE SCHOLARSHIPS ARE DISBURSED/POSTED ELECTRONICALLY (AND INTERNALLY) DIRECTLY TO THE STUDENTS ACCOUNT. FURTHERMORE, STUDENTS RECEIVING SAID FUNDS ARE UNABLE TO WITHDRAWAL IT FROM THEIR STUDENT ACCOUNT. X X X X X X X true MARTS LUNDY 1200 WALL STREET LYNDHURST NJ 07071 GENERAL CONSULTING false 29583340 36860 29546480 GREEN SEEDS 342 WEST 4TH STREET MEDIA PA 19063 GENERAL CONSULTING false 869674 21665 848009 HANOVER RESEARCH 4401 WILSON BOULEVARD 9TH FLOOR ARLINGTON VA 22203 GENERAL CONSULTING false 531986 142105 389881 30985000 200630 30784370 All States true SWARTHMORE COLLEGE FUNDS/SCHOLARSHIPS 847 40407389 N/A N/A SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL SWARTHMORE COLLEGE SCHOLARSHIPS ARE DISBURSED/POSTED ELECTRONICALLY (AND INTERNALLY) DIRECTLY TO THE STUDENTS ACCOUNT. FURTHERMORE, STUDENTS RECEIVING SAID FUNDS ARE UNABLE TO WITHDRAWAL IT FROM THEIR STUDENT 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 328298 0 0 0 0 0 28000 0 18885 0 375183 0 0 0 JAMES L BOCK III VP AND DEAN OF ADMISSIONS 236736 0 0 0 0 0 24122 0 34362 0 295220 0 0 0 GREGORY N BROWN VP FIN & ADMIN & TREASURER 370489 0 0 0 0 0 28000 0 18885 0 417374 0 0 0 KARL W CLAUSS VP OF COLLEGE ADVANCEMENT 298250 0 0 0 0 0 28000 0 80479 0 406729 0 0 0 JOEL COOPER CHIEF OF INFORMATION TECH 193908 0 0 0 0 0 19512 0 18723 0 232143 0 0 0 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 265334 0 0 0 0 0 27000 0 23477 0 315811 0 0 0 ANDREW HIRSCH VP FOR COMMUNICATIONS 152478 0 0 0 0 0 10000 0 11414 0 173892 0 0 0 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL 193718 0 0 0 0 0 19589 0 23318 0 236625 0 0 0 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 206909 0 0 0 0 0 21261 0 18766 0 246936 0 0 0 EDWARD ROWE CHIEF OF STAFF AND SECRETARY 170896 0 0 0 0 0 17272 0 8586 0 196754 0 0 0 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 133013 0 0 0 0 0 13588 0 23167 0 169768 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 546936 0 0 0 0 0 253947 0 58702 0 859585 0 0 0 JAMES TERHUNE INTERIM DEAN OF STUDENTS 227013 0 0 0 0 0 20910 0 41807 0 289730 0 0 0 SARAH WILLIE-LEBRETON PROVOST & DEAN OF THE FACULTY 266558 0 0 0 0 0 97140 0 23477 0 387175 0 0 0 KATHLEEN SIWICKI PROFESSOR 87229 0 0 0 393344 0 9260 0 11702 0 501535 0 0 0 STEPHEN BENSCH PROFESSOR 83993 0 0 0 231730 0 8358 0 5263 0 329344 0 0 0 ALLEN SCHNEIDER PROFESSOR 247557 0 0 0 0 0 25010 0 13761 0 286328 0 0 0 NELSON MACKEN PROFESSOR 235333 0 0 0 0 0 23591 0 17399 0 276323 0 0 0 THOMAS STEPHENSON PROFESSOR 214468 0 0 0 0 0 21752 0 23386 0 259606 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 SCHEDULE J, PART I, LINE 4A DETAIL OF SEVERANCE PAYMENTS THE FOLLOWING INDIVIDUALS RECEIVED EARLY RETIREMENT PAYMENTS: KATHLEEN SIWICKI: $393,344 STEPHEN BENSCH: $231,730 -------------------- 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, 2020 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. KARL W. CLAUSS - 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. KATHLEEN SIWICKI - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. STEPHEN BENSCH - 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 15545343 0 17594907 0 0 0 137349 0 0 17457558 0 0 2014 false false true true B 12208094 0 52626016 0 0 0 353591 0 0 18387425 33885000 0 2016 true false true true C 3843089 0 60362681 0 0 0 348937 0 0 60013744 0 0 2018 false false false true D 12264780 0 73701488 0 0 0 344674 0 0 0 73356814 0 2016 false true true true A false false false false 0 0.00100 0.00100 false false false true B false false false false 0 0.01500 0.01500 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 WILL BE 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 WILL BE 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 WILL BE 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: $2,713,870 -------------------- SCHEDULE K, PART II, LINE 13 YEAR OF SUBSTANTIAL COMPLETION FOR THE 07/01/2018 BONDS (COLUMN F), HAVE NOT YET MET THE DEFINITION OF "SUBSTANTIAL COMPLETION." AS A RESULT, NO YEAR HAS BEEN ENTERED. -------------------- 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 1456626 0 25522589 0 0 0 194356 0 0 25328233 0 0 2019 false false false true B 1691824 0 113319609 0 0 0 672822 0 0 84526595 0 28120192 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 171020 false true true JOEL COOPER OFFICER MORTGAGE X 384000 72504 false true true ANDREW HIRSCH OFFICER MRTG DWN PYMT ASSIST X 45000 40500 false true true EDWARD ROWE OFFICER MRTG DWN PYMT ASSIST X 35000 35000 false true true 319024 X 89 2928739 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 VI, LINE 2 FAMILY RELATIONSHIPS JANE LANG (EMERITUS TRUSTEE) AND LUCY LANG (TRUSTEE) HAVE A FAMILY RELATIONSHIP. -------------------- 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 $(1,289,000) CHANGE IN OTHER POST RETIREMENT BENEFITS (2,170,000) ------------ $(3,459,000) -------------------- PARRISH LLC 500 COLLEGE AVE SWARTHMORE PA 19081 460563007 INN/RESTAURNT PA 2989586 -944175 SWARTHMORE MARJAY PRODUCTIONS INC 1007 ORANGE STREET SUITE 1410 WILMINGTON DE 19801 131952572 LITERARY WORK DE NA C CORPORATION 175435 96450 1.00000 true CHARITABLE REMAINDER ANNUITY TRUSTS CRATs - 3 SWARTHMORE PA 19081 N/A PA NA TRUST CHARITABLE REMAINDER UNITRUSTS CRUTs - 30 SWARTHMORE PA 19081 N/A PA NA TRUST NET INC CHARITABLE REMAINDER UNITRUSTs NIMCRUTs - 6 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 130000 PER ESTATE DOC.