2021-04-07T08:13:16-05:00 2020-05-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2019-06-01 160743040 HOBART AND WILLIAM SMITH COLLEGES HOBA 3157813337 300 PULTENEY STREET GENEVA NY 14456 CAROLEE WHITE VP FOR FINANCE /CFO 3157813337 2021-04-05 1 AIMEE JOZIC P01346943 5853811000 2019 2022-09-23 18:48:47Z MS JOYCE P JACOBSEN 337 PULTENEY STREET GENEVA NY 14456 173867931 0 X WWW.HWS.EDU X 1943 NY HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. 34 32 2061 5039 332598 0 17065242 19122984 147056764 131970270 -1730891 10404977 873648 812790 163264763 162311021 62542735 58318809 0 0 59866628 57768265 0 0 4006475 50179034 46364945 172588397 162452019 -9323634 -140998 408333068 410660089 84307994 87768923 324025074 322891166 X SEE SCHEDULE O. 0 0 141631102 58318809 132737889 SEE SCHEDULE O. 141631102 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 501 0 1 2061 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY CA X MS CAROLEE WHITE 3157813337 337 PULTENEY STREET GENEVA NY 14456 FRANK ALOISE JR TRUSTEE 2.00 X 0 0 0 LINDA D ARRINGTON TRUSTEE 2.00 X 0 0 0 THOMAS S BOZZUTO TRUSTEE/CHAIR 5.00 X X 0 0 0 CASSANDRA NAYLOR BROOKS TRUSTEE 2.00 X 0 0 0 CALVIN R CARVER JR TRUSTEE/TREASURER 2.00 X X 0 0 0 DR STEPHEN L COHEN TRUSTEE 2.00 X 0 0 0 EDWARD R COOPER TRUSTEE 2.00 X 0 0 0 DR JEREMY T CUSHMAN TRUSTEE 2.00 X 0 0 0 KATHERINE D ELLIOT TRUSTEE 2.00 X 0 0 0 JANE M ERICKSON TRUSTEE 2.00 X 0 0 0 CYNTHIA GELSTHORPE FISH TRUSTEE/VICE CHAIR 2.00 X X 0 0 0 EDENS D FLEURIZARD STUDENT TRUSTEE (BEG 7/19) 2.00 X 0 0 0 ANDREW L GAINES TRUSTEE 2.00 X 0 0 0 AILEEN DIVINEY GLEASON TRUSTEE 2.00 X 0 0 0 GIANNA GONZALEZ STUDENT TRUSTEE (BEG 7/19) 2.00 X 0 0 0 WILLIAMS C GREEN TRUSTEE (THROUGH 6/19) 2.00 X 0 0 0 GAVIN R GROSS STUDENT TRUSTEE (THROUGH 6/19) 2.00 X 0 0 0 JOHN J HOGAN III TRUSTEE 2.00 X 0 0 0 JOYCE P JACOBSEN PRESIDENT (BEG 7/19) 50.00 X X 236114 0 56329 ALOYSEE HEREDIA JARMOSZUK TRUSTEE 2.00 X 0 0 0 CAITLIN E LASHER STUDENT TRUSTEE (THROUGH 6/19) 2.00 X 0 0 0 KATHERINE R MACKINNON TRUSTEE 2.00 X 0 0 0 WILLIAM A MARGILOFF TRUSTEE 2.00 X 0 0 0 SCOTT J MASON TRUSTEE 2.00 X 0 0 0 GARRETT A MATHIESON TRUSTEE 2.00 X 0 0 0 HERBERT J MCCOOEY JR TRUSTEE 2.00 X 0 0 0 GAIL HERMAN MCGINN TRUSTEE (THROUGH 6/19) 2.00 X 0 0 0 ANDREW G MCMASTER JR TRUSTEE 2.00 X 0 0 0 ALLISON MORROW TRUSTEE 2.00 X 0 0 0 DR DEBORAH S PILLA TRUSTEE (THROUGH 6/19) 2.00 X 0 0 0 THOMAS B POOLE TRUSTEE 2.00 X 0 0 0 MICHAEL E RAWLINS TRUSTEE (BEG 7/19) 2.00 X 0 0 0 JAMES B ROBINSON TRUSTEE/SECRETARY 2.00 X X 0 0 0 THE RT REV PRINCE G SINGH TRUSTEE 2.00 X 0 0 0 ERIC J STEIN TRUSTEE (BEG 10/19) 2.00 X 0 0 0 JOSEPH C STEIN III TRUSTEE (BEG 10/19) 2.00 X 0 0 0 SAMUEL A STERN TRUSTEE (BEG 10/19) 2.00 X 0 0 0 CRAIG M STEVENS TRUSTEE 2.00 X 0 0 0 CRAIG R STINE TRUSTEE/VICE CHAIR 2.00 X X 0 0 0 DR RICHARD L WASSERMAN TRUSTEE 2.00 X 0 0 0 CHRISTOPHER S WELLES TRUSTEE (THROUGH 6/19) 2.00 X 0 0 0 WILLIAM T WHITAKER JR TRUSTEE 2.00 X 0 0 0 WARREN K ZOLA TRUSTEE (BEG 7/19) 2.00 X 0 0 0 CAROLEE WHITE VP FINANCE & ADMINISTRATION/CFO 50.00 X 285722 0 65171 PATRICK MCGUIRE INTERIM PRESIDENT (THRU 6/19) 50.00 X 181850 0 0 LOUIS GUARD VP AND GENERAL COUNSEL 50.00 X 163819 0 16948 ROBERT FLOWERS VP OF CAMPUS LIFE 50.00 X 215353 0 45365 DEWAYNE LUCAS INTERIM PROVOST 50.00 X 159592 0 28674 ROBERT O'CONNOR VP INSTITUTIONAL ADVANCEMENT 50.00 X 252093 0 53779 ALFRED DAMIANO VP STRATEGIC INITIATIVES/CIO 50.00 X 210571 0 56194 LEILA RICE ASSOC. VP ADVANCEMENT 50.00 X 236589 0 37881 CATHERINE WILLIAMS VP MARKETING/COMMUNICATIONS 50.00 X 201025 0 28578 SONYA WILLIAMS VP HUMAN RESOURCES 50.00 X 161702 0 46486 GREG VINCENT FORMER PRESIDENT (THRU 4/18) 0.00 X 138561 0 0 2442991 0 435405 75 1 1 0 SODEXO INC AND AFFILIATES 337 PULTENEY STREET GENEVA NY 14456 DINING AND FACILITIES SERVICES 15651355 CLARK COMPANIES 41155 STATE HIGHWAY 10 DELHI NY 13753 CONSTRUCTION 1370753 ARTHUR J GALLAGHER RISK PO BOX 71965 CHICAGO IL 60694 CONSULTING 522238 GALLAGHER STUDENT HEALTH & SPECIAL RISK PO BOX 95107 CHICAGO IL 60694 INSURANCE 507051 ORACLE AMERICA PO BOX 203448 DALLAS TX 75320 SOFTWARE MAINTENANCE 323038 56 3537474 15585510 19122984 TUITION AND FEES 611600 113168884 113168884 RESIDENCE HALLS 721310 10727285 10727285 DINING SERVICES 722320 7165337 7165337 OTHER PROGRAM SERVICE 611600 908764 908764 131970270 2182600 2182600 7770 2336 5434 5434 5434 19776951 11554574 8222377 8222377 8222377 CONFERENCES AND EVENTS 900099 763619 474758 288861 SPORTS AND RECREATION 713940 43737 43737 807356 162311021 132445028 332598 10410411 212472 212472 54000935 54000935 4105402 4105402 1269860 374430 812746 82684 203405 154768 48637 41698678 33747670 5613499 2337509 3497791 2777112 520654 200025 8017022 6365208 1193353 458461 3081509 2446600 458690 176219 545211 545211 417019 417019 683827 152651 531176 9126010 7325790 1756857 43363 74698 57424 17008 266 1712021 1077326 442974 191721 993035 378615 599235 15185 12194885 11272452 756198 166235 1669110 1341166 224161 103783 893629 716736 80465 96428 2623665 2452905 170760 7057294 6749192 308102 974581 27819 946762 MISC GLOBAL ED 3488663 3488663 MISC ATHLETICS 1533148 1533148 MISC LIBRARY 380925 380925 1997224 491693 1419572 85959 162452019 141631102 16814442 4006475 0 0 7879216 18337261 2719928 4422125 993162 1662211 2649007 2370007 5889 2261872 1851582 313878807 155274155 156066654 158604652 120837646 136727980 111708850 83784442 0 3210844 2899829 408333068 410660089 8337461 10267527 227435 4494 4619046 6599329 59232460 56760790 1167000 925500 10724592 13211283 84307994 87768923 X 118442414 126000838 205582660 196890328 324025074 322891166 408333068 410660089 X -140998 -4373234 3380324 X X 0 1 X 1 1 1 X 11853753 17503706 14373658 17065242 19122984 79919343 11853753 17503706 14373658 17065242 19122984 79919343 10856582 69062761 2453801 4055533 3912540 3573945 1651424 15647243 272500 379272 358748 297058 332598 1640176 97206762 699912399 0.71050 0.71350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 PART II-B, LINE 1: THE COLLEGES DO NOT DIRECTLY ENGAGE IN LOBBYING ACTIVITY. HOWEVER, A PORTION OF THE DUES PAID TO PROFESSIONAL ORGANIZATIONS IS DESIGNATED FOR LOBBYING BY SUCH PROFESSIONAL ORGANIZATIONS. 2511050 7733080 X X X 0 209690877 4879991 5938777 3696569 11931030 231894 204650152 214347520 2535610 3499874 4740502 5608505 343120 209690877 198893217 4203389 22232760 4562068 6639788 -220010 214347520 175006996 3656971 29647633 5045770 4634758 -262145 198893217 199977634 2945915 -9722815 4322255 4625457 9246026 175006996 0.14000 0.70000 0.16000 0 0 3566190 3566190 208818573 84246961 124571612 56015953 45830498 10185455 45478091 25196696 20281395 158604652 ALTERNATIVE INVESTMENTS 83784442 F 83784442 REFUNDABLE ADVANCES FROM GOVERNMENT LOAN PROGRAMS 1863092 ASSET RETIREMENT OBLIGATIONS 3007234 FAIR VALUE OF SWAP AGREEMENTS 6928959 DEFERRED GIVING OBLIGATIONS 1411998 13211283 98373979 -4373234 -59034968 -63408202 161782181 531176 -2336 528840 162311021 103816842 2336 2336 103814506 531176 58106337 58637513 162452019 PART III, LINE 1A: HOBART AND WILLIAM SMITH COLLEGES MAINTAIN COLLECTIONS THAT CONSIST OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF THE COLLEGES' EXEMPT PURPOSE. THESE ITEMS ARE PROTECTED AND PRESERVED, AND PROCEEDS FROM SALES (IF SALES ARE PERMITTED) ARE USED TO ACQUIRE ADDITIONAL COLLECTION ITEMS. PART V, LINE 4: THE ENDOWMENT OF HOBART AND WILLIAM SMITH COLLEGES PROVIDES ANNUAL SUPPORT FOR SCHOLARSHIPS, PROGRAM AND STUDENT SUPPORT, FACULTY SUPPORT, CAPITAL PROJECTS, AND GENERAL OPERATING PURPOSES OF THE COLLEGES IN ACCORDANCE WITH DONOR RESTRICTIONS OR ACTIONS TAKEN BY THE BOARD OF TRUSTEES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS - $(58,106,337) OTHER LOSSES - $(337,275) CHANGE IN FAIR VALUE OF SWAP AGREEMENT - $(903,530) CHANGE IN VALUE OF DEFERRED GIVING - $312,174 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES - $(2,336) PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES - $2,336 PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS - $58,106,337 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 HOBART AND WILLIAM SMITH COLLEGES HAVE PUBLICIZED OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL OUR SOLICITATIONS FOR STUDENTS. APPLICANTS ARE RECRUITED THROUGH THE USE OF DIRECT MAIL AND ELECTRONIC DOCUMENTS, GENERAL COLLEGE PUBLICATIONS FREELY ACCESSIBLE TO THE COMMUNITY, ADVERTISEMENTS IN REGIONAL AND GENERAL INTEREST PUBLICATIONS AND THE COLLEGES' WEBSITE WWW.HWS.EDU. SCHEDULE E, PART I, LINE 6 HOBART AND WILLIAM SMITH COLLEGES RECEIVE STATE AND FEDERAL FUNDING IN RELATION TO STUDENT FINANCIAL ASSISTANCE, RESEARCH AND DEVELOPMENT, AND OTHER EDUCATION RELATED FUNCTIONS ALL USED TO FULFILL THE MISSION OF THE COLLEGES. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 4 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 10709 EAST ASIA AND THE PACIFIC 0 10 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 9414 EUROPE (INCLUDING ICELAND & GREENLAND) 1 39 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 53676 MIDDLE EAST AND NORTH AFRICA 0 10 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 25137 NORTH AMERICA 0 1 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 489 RUSSIA AND NEIGHBORING STATES 0 4 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 5153 SOUTH ASIA 0 4 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 6069 SUB-SAHARAN AFRICA 0 5 PROGRAM SERVICES INTERNATIONAL EDUCATION AND RESEARCH 3150 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING SCHOLARSHIPS 36358 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS 1050823 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING SCHOLARSHIPS 2880990 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING SCHOLARSHIPS 58250 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING SCHOLARSHIPS 18500 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIPS 60481 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS INVESTMENTS 49351436 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS INVESTMENTS 7976670 1 77 0 0 1 77 113797 61433508 61547305 SCHOLARSHIPS/US CITIZENS STUDYING ABROAD CENTRAL AMERICA AND THE CARIBBEAN 2 36358 ACCT. CREDIT SCHOLARSHIPS/US CITIZENS STUDYING ABROAD EAST ASIA AND THE PACIFIC 65 1050823 ACCT. CREDIT SCHOLARSHIPS/US CITIZENS STUDYING ABROAD EUROPE (INCLUDING ICELAND & GREENLAND) 174 2880990 ACCT. CREDIT SCHOLARSHIPS/US CITIZENS STUDYING ABROAD MIDDLE EAST AND NORTH AFRICA 4 58250 ACCT. CREDIT SCHOLARSHIPS/US CITIZENS STUDYING ABROAD RUSSIA AND NEIGHBORING STATES 2 18500 ACCT. CREDIT SCHOLARSHIPS/US CITIZENS STUDYING ABROAD SUB-SAHARAN AFRICA 3 60481 ACCT. CREDIT 1 0 1 1 1 0 PART I, LINE 2: HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. PART I, LINE 3: EXPENDITURES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 CITY OF GENEVA 47 CASTLE STREET GENEVA NY 14456 166002543 GOV'T 187472 CONTRIBUTION FINGER LAKES HEALTH 196 NORTH STREET GENEVA NY 14456 150549310 501(C)(3) 5000 CONTRIBUTION GENEVA FIREMATICS COMMITTEE PO BOX 911 GENEVA NY 14456 161057736 501(C)(3) 20000 CONTRIBUTION 3 0 SCHOLARSHIPS 1637 54000935 SCHEDULE I, PART 1, LINE 2 THE COLLEGES PROVIDE FUNDING TO CHARITABLE ORGANIZATIONS AS WELL AS LOCAL GOVERNMENTS THAT SUPPORT THE COMMUNITY IN WHICH THE COLLEGES OPERATE. THE AMOUNTS PROVIDED ARE USED BY THE RECIPIENT ORGANIZATIONS TO FURTHER THEIR MISSION AND DO NOT REQUIRE ANY MONITORING. HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. X X X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 JOYCE P JACOBSEN PRESIDENT (BEG 7/19) 210000 0 0 0 26114 0 10500 0 45829 0 292443 0 0 0 CAROLEE WHITE VP FINANCE & ADMINISTRATION/CFO 263480 0 0 0 22242 0 27281 0 37890 0 350893 0 0 0 PATRICK MCGUIRE INTERIM PRESIDENT (THRU 6/19) 170000 0 11850 0 0 0 0 0 0 0 181850 0 0 0 LOUIS GUARD VP AND GENERAL COUNSEL 163720 0 0 0 99 0 16272 0 676 0 180767 0 0 0 ROBERT FLOWERS VP OF CAMPUS LIFE 214939 0 0 0 414 0 21683 0 23682 0 260718 0 0 0 DEWAYNE LUCAS INTERIM PROVOST 159388 0 0 0 204 0 16272 0 12402 0 188266 0 0 0 ROBERT O'CONNOR VP INSTITUTIONAL ADVANCEMENT 251679 0 0 0 414 0 25674 0 28105 0 305872 0 0 0 ALFRED DAMIANO VP STRATEGIC INITIATIVES/CIO 209797 0 0 0 774 0 21700 0 34494 0 266765 0 0 0 LEILA RICE ASSOC. VP ADVANCEMENT 153785 0 0 0 82804 0 15278 0 22603 0 274470 0 0 0 CATHERINE WILLIAMS VP MARKETING/COMMUNICATIONS 200772 0 0 0 253 0 20139 0 8439 0 229603 0 0 0 SONYA WILLIAMS VP HUMAN RESOURCES 145371 0 0 0 16331 0 15411 0 31075 0 208188 0 0 0 GREG VINCENT FORMER PRESIDENT (THRU 4/18) 0 0 0 0 138561 0 0 0 0 0 138561 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: DURING CALENDAR YEAR 2019, PRESIDENT JOYCE JACOBSEN WAS PROVIDED HOUSING AS A CONDITION OF HER EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGES. THE FAIR MARKET VALUE OF THE HOUSING ALLOWANCE AND PERSONAL MAID SERVICES ARE INCLUDED AS A NON-TAXABLE BENEFIT IN SCHEDULE J, COLUMN (D). SCHEDULE J, PART I, LINE 4A FORMER PRESIDENT GREGORY VINCENT RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $138,561. THIS AMOUNT HAS BEEN INCLUDED IN THE COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN B(III). A CITY OF GENEVA INDUS DEV AG MULTI (SERIES 2007) 161266095 372175BT5 2007-12-12 31250000 CAPITAL PROJECTS 0 0 0 B CITY OF GENEVA DEV CORP REVENUE (SERIES 2012) 800820946 37217PAQ8 2012-06-28 29942818 REFUNDING OF SERIES 2001 AND 2003 0 0 0 C CITY OF GENEVA DEV CORP REVENUE (SERIES 2014) 800820946 37217PBN4 2014-03-20 15416105 CAPITAL PROJECTS 0 0 0 A 8100000 31250000 475688 357585 29974498 442229 2011 0 0 1 1 B 8080000 29942818 435838 29506980 2013 1 1 1 1 C 1205000 15416105 308322 15000570 107213 2016 0 0 1 1 A 0 0 1 1 0 0.00000 0.01860 0.01860 0 0 1 B 0 0 1 1 0 0.00000 0.00450 0.00450 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 RBC CAPITAL MARKETS 30.000000000000 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 PART 1, LINE C, COLUMN (C) THE CITY OF GENEVA DEVELOPMENT CORP. REVENUE (SERIES 2014) BOND ISSUE HAS TWO ASSOCIATED CUSIP NUMBERS: 37217PBN4 & 37217PBP9. PART II, LINE 11: OTHER SPENT PROCEEDS COL A - $442,229 NYS BOND ISSUANCE CHARGE, ISSUER ADMINISTRATIVE FEE PER FORM 8038 COL B - $192,204 ISSUER ADMINISTRATIVE FEE PER FORM 8038 - $29,314,776 WAS USED TO REFUND PRIOR BOND ISSUES COL C - $107,313 ISSUER ADMINISTRATIVE FEE PER FORM 8038 PART IV, QUESTION 2B AND 2C COL A - ALL FUNDS IN THE 2007 SERIES MET THE SPEND DOWN EXCEPTION. COL B - ALL FUNDS IN THE 2012 SERIES MET THE SPEND DOWN EXCEPTION. COL C - THE 2014 SERIES REBATE CALCULATION WAS PERFORMED ON 6/24/2016 AND NO REBATE WAS DUE. KATHLEEN FLOWERS SPOUSE OF KEY EMPLOYEE 75658 EMPLOYEE OF THE COLLEGES 0 SUSAN CUSHMAN SPOUSE OF TRUSTEE 79110 EMPLOYEE OF THE COLLEGES 0 MICHAEL GUARD SIBLING OF OFFICER 48637 EMPLOYEE OF THE COLLEGES 0 X 3 1786281 FMV OR APPRAISED VALUE X 56 2341474 FMV X MISCELLANEOUS 4 12515 FMV X EQUIPMENT 3 6532 FMV 0 1 1 PART I, LINE 32B: HOBART AND WILLIAM SMITH COLLEGES HAVE AN AGREEMENT IN PLACE WITH A SECURITY BROKER TO PROCESS AND SELL STOCK GIFTS AS SOON AS THEY ARE RECEIVED. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE COLLEGES ARE LOCATED AT THE SHORE OF SENECA LAKE ON A 320-ACRE CAMPUS IN GENEVA, NY, THE HEART OF THE FINGER LAKES REGION. HOBART AND WILLIAM SMITH HAVE A COMBINED ENROLLMENT OF APPROXIMATELY 2,000 STUDENTS, AND 200 FULL-TIME FACULTY LINES MAINTAINING A DESIRED 10:1 STUDENT FACULTY RATIO YEAR OVER YEAR. MORE THAN 46 MAJORS AND 66 MINORS ARE OFFERED, WHERE A STUDENT CAN OBTAIN A BACHELOR OF ARTS, BACHELOR OF SCIENCE, OR A MASTER OF ARTS IN TEACHING DEGREE. A RICH INTERDICIPLINARY PROGRAM AND LIMITLESS OPPORTUNITIES FOR SELF-DISCOVERY ARE HALLMARKS OF ACADEMICS AT THE COLLEGES. HOBART AND WILLIAM SMITH COLLEGES ARE ALSO NOTED FOR AN AMBITIOUS EMPHASIS ON INTERNATIONAL STUDY AND FOR PROGRAMS IN COMMUNITY ENGAGEMENT AND SERVICE-LEARNING. APPROXIMATELY 60-PERCENT OF HOBART AND WILLIAM SMITH STUDENTS HAVE THE OPPORTUNITY TO STUDY ABROAD IN NEARLY 50 LOCATIONS AROUND THE WORLD. THE COLLEGES VIEW CIVIC RESPONSIBILITY, COMMUNITY ENGAGEMENT, AND INTERNATIONAL EDUCATION AS INTEGRAL COMPONENTS OF A LIBERAL ARTS EDUCATION. FORM 990, PART III, LINE 1 HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM IS REVIEWED AND CORRECTIONS OR CHANGES ARE MADE AS NECESSARY. A FINAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ON A DISCLOSURE STATEMENT. AT THIS TIME A RIGOROUS PROCESS OF REVIEWING THE DISCLOSURES IS UNDERTAKEN BY THE ASSISTANT SECRETARY AND CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE CONFLICTS ARE IDENTIFIED AND RESOLVED IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (OMITTING THE PRESIDENT FOR THIS PURPOSE) IS COMPRISED OF MEMBERS WITHOUT A CONFLICT OF INTEREST. THIS COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT. AN ANNUAL PROCESS OF ASSESSING THE PRESIDENT'S PERFORMANCE AND REVIEWING COMPARATIVE COMPENSATION DATA IS PERFORMED IN ORDER TO RECOMMEND COMPENSATION CHANGES. A MOTION TO BE APPROVED BY THE FULL BOARD IS DRAFTED BY THE EXECUTIVE COMMITTEE AFTER THE REVIEW PROCESS. THE DISCUSSIONS OF THE COMMITTEE AND FULL BOARD ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. THE COLLEGES MEET THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 HOBART AND WILLIAM SMITH COLLEGES MAKE THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGES' WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING PRINCIPLE 4,308,955. CHANGE IN FAIR VALUE OF SWAP AGREEMENT -903,530. OTHER LOSSES -337,275. CHANGE IN VALUE OF DEFERRED GIVING 312,174. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR.