2021-05-06T14:11:53-05:00 2020-06-30 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2019-07-01 231365954 DICKINSON COLLEGE DICK 7172451943 PO BOX 1773 CARLISLE PA 170132896 BRONTE D BURLEIGH-JONES VP FINANCE AND ADMIN & TREAS 7172451943 2021-05-06 1 P01498698 7032868000 2019 2022-09-23 18:48:47Z MARGARET M ENSIGN PO BOX 1773 CARLISLE PA 170132896 251423711 0 X WWW.DICKINSON.EDU X 1783 PA DICKINSON COLLEGE, FOUNDED IN 1783, IS A HIGHLY SELECTIVE, PRIVATE RESIDENTIAL (CONTINUED)LIBERAL ARTS COLLEGE KNOWN FOR ITS INNOVATIVE CURRICULUM. FOR MORE THAN TWO CENTURIES, DICKINSON HAS EMBRACED THE VISION OF AN EVER-EVOLVING EDUCATION, AN EDUCATION THAT PREPARES RISING GENERATIONS FOR SUCCESSFUL, ACTIVE, INFORMED LIVES AS GLOBAL LEADERS, WORKING FOR THE COMMON GOOD. DICKINSON CONTINUES TO SEEK NEW WAYS TO STRENGTHEN THE INDIVIDUALIZED, INTERDISCIPLINARY EDUCATION IT PROVIDES WHILE CONTINUING TO PREPARE SCHOLARS WITH INTELLECTUAL AGILITY, ETHICAL GROUNDING, INTERCULTURAL UNDERSTANDING AND THE SKILLS TO WORK TOWARD A JUST AND SUSTAINABLE WORLD. PLEASE REFER TO PART III, LINE 4 FOR A DETAILED DESCRIPTION OF THE COLLEGE'S PROGRAM SERVICE ACCOMPLISHMENTS. 40 39 2813 1296 551297 0 9308116 14046918 164903211 145929337 23046239 23430624 1269639 490691 198527205 183897570 60218287 58089584 0 0 77512450 77261777 22030 33600 5054239 53949748 48201065 191702515 183586026 6824690 311544 731813464 727423592 156896778 163743052 574916686 563680540 X DICKINSON COLLEGE PROVIDES A USEFUL, INNOVATIVE AND INTERDISCIPLINARY EDUCATION IN THE LIBERAL ARTS AND SCIENCES TO PREPARE STUDENTS TO LEAD RICH AND FULFILLING LIVES OF ENGAGED GLOBAL LEADERSHIP, WORKING FOR THE COMMON GOOD. 0 0 135036151 57373277 117986460 EDUCATING STUDENTS - DICKINSON COLLEGE IS COMMITTED TO MAKING A TOP-TIER EDUCATION IN THE LIBERAL ARTS AND SCIENCES ACCESSIBLE REGARDLESS OF FAMILIES' ECONOMIC MEANS. ALL ADMITTED STUDENTS FROM THE MOST RECENT ENTERING CLASS, WHO DEMONSTRATED FINANCIAL NEED AND WHO MET APPLICATION DEADLINES, WERE OFFERED AID. IN 2019-20, DICKINSON STUDENTS RECEIVED AN ESTIMATED $76,552,486 IN FINANCIAL AID, OF WHICH $60,939,979 WAS PROVIDED FROM THE COLLEGE'S FUNDS. STATE AND FEDERAL AID PROGRAMS, PARENT LOANS AND OTHER OUTSIDE SOURCES PROVIDED THE REMAINING FUNDS. CONTINUED ON SCHEDULE OIN FALL 2019, THE COLLEGE EMPLOYED 236 FULL-TIME EQUIVALENT FACULTY. 95% OF FULL-TIME FACULTY MEMBERS HOLD A DOCTORATE OR OTHER TERMINAL DEGREE. OF THIS GROUP, FULL PROFESSORS COMPRISED 26%, ASSOCIATE PROFESSORS 38%, ASSISTANT PROFESSORS 27%, AND INSTRUCTORS 9%. THE STUDENT-TO-FACULTY RATIO FOR FALL 2019 WAS 8:1. TO SUPPORT ITS ACADEMIC, STUDENT LIFE AND AUXILIARY PROGRAMS, THE COLLEGE ALSO EMPLOYS 289 PROFESSIONAL ADMINISTRATIVE STAFF PERSONNEL (ALL FT) AND 367 SUPPORT STAFF PERSONNEL (310 FT; 57 PT).DICKINSON CONTINUES TO RECEIVE FAVORABLE AND FREQUENT MEDIA ATTENTION AND ATTRACT GREATER LEVELS OF STUDENT INTEREST EACH YEAR. AS THE NUMBER OF APPLICATIONS AND THE QUALITY AND DIVERSITY OF RECENT ENTERING CLASSES DEMONSTRATE, DICKINSON HAS A SECURE NATIONAL AND INTERNATIONAL REPUTATION AS A TOP QUALITY LIBERAL ARTS COLLEGE. THE INCREASED LEVEL OF INTEREST THE COLLEGE HAS SEEN IN RECENT YEARS PUTS THE COLLEGE IN A GOOD POSITION TO CONTINUE TO ANALYZE AND BETTER UNDERSTAND THE PROFILE OF STUDENTS WHO ENROLL AND REMAIN AT DICKINSON IN ORDER TO IMPROVE SELECTIVITY, YIELD AND RETENTION.2,133 STUDENTS WERE ENROLLED FOR FALL 2019, INCLUDING 230 STUDENTS STUDYING OFF-CAMPUS AT THE COLLEGE'S CENTERS IN THE U.S. AND ABROAD. FOR FALL 2019, STUDENTS CAME FROM 42 U.S. STATES AND TERRITORIES AND 46 FOREIGN COUNTRIES. THE OFFICE OF ADMISSIONS ADMITTED 2,574 FIRST-YEAR STUDENTS REFLECTING AN ACCEPTANCE RATE OF 40%. FIRST-YEAR ENROLLMENT FIGURES REFLECT THE COLLEGE'S ONGOING COMMITMENT TO ACADEMIC QUALITY (AVERAGE SAT SCORES OF 1,340) AND DIVERSITY (34% STUDENTS OF COLOR AND INTERNATIONAL STUDENTS). THE 1-YEAR RETENTION RATE WAS 87%, AND APPROXIMATELY 80% OF ENTERING FIRST-YEAR STUDENTS GRADUATE WITHIN FOUR YEARS. DICKINSON STUDENTS MAY SELECT EITHER OF TWO BROAD DEGREE ORIENTATIONS WITHIN THE CURRICULUM: THE BACHELOR OF ARTS OR THE BACHELOR OF SCIENCE DEGREE. GENERAL EDUCATION REQUIREMENTS ARE THE SAME IN EITHER CASE; ONLY STUDENTS WITH THE CONCENTRATION IN ONE OF THE NATURAL OR MATHEMATICAL SCIENCES MAY BE CANDIDATES FOR THE BACHELOR OF SCIENCE DEGREE.COURSES ARE OFFERED IN TWO SEMESTERS, EACH COMPRISING 14 WEEKS OF CLASSES FOLLOWED BY FINAL EXAMINATIONS. THE FALL SEMESTER BEGINS IN LATE AUGUST AND CONCLUDES IN DECEMBER. STUDENTS HAVE A READING PERIOD OF A FEW DAYS AT THE END OF CLASSES IN WHICH TO PREPARE FOR THE FINAL EXAMINATIONS AND PAPERS WHICH ARE SCHEDULED DURING THE SUBSEQUENT WEEK. SPRING SEMESTER BEGINS NEAR THE END OF JANUARY AND RUNS THROUGH MID-MAY, FOLLOWING THE SAME PATTERN OF CLASSES AND EXAMINATIONS AS THE FALL SEMESTER. SEEKING A BALANCE BETWEEN THE FULL BREADTH OF LIBERAL LEARNING AND DEPTH REPRESENTED BY ONE DISCIPLINED APPROACH TO KNOWLEDGE, EACH DICKINSON STUDENT IS REQUIRED TO TAKE A MINIMUM OF 32 COURSES, COMPLETE A SERIES OF ALL-COLLEGE REQUIREMENTS, AND SELECT A MAJOR CONCENTRATION.GENERAL REQUIREMENTS FOR THE DEGREE INCLUDE A FIRST-YEAR SEMINAR, ONE "WRITING IN THE DISCIPLINE" COURSE AND ONE "QUANTITATIVE REASONING" COURSE. ADDITIONAL REQUIREMENTS FOR GRADUATION INCLUDE DISTRIBUTION COURSES (AT LEAST ONE COURSE IN THE ARTS, HUMANITIES, SOCIAL SCIENCES AND LABORATORY SCIENCE), CROSS-CULTURAL STUDIES (COURSES IN FOREIGN LANGUAGES, U.S. DIVERSITY AND GLOBAL DIVERSITY), AND ONE COURSE IN SUSTAINABILITY. DICKINSON'S FACULTY TEACH FIVE COURSES ANNUALLY, AS IS THE NORM FOR HIGHLY SELECTIVE NATIONAL LIBERAL ARTS COLLEGES WHERE EXPECTATIONS FOR FACULTY RESEARCH AND STUDENT FACULTY INTERACTION ARE HIGH. INTRODUCTION OF A FIVE COURSE LOAD IN 2007 IN PLACE OF THE PREVIOUS EXPECTATION THAT SIX COURSES WOULD BE TAUGHT EACH YEAR WAS DESIGNED TO SUSTAIN AND ENRICH THE HIGH QUALITY AND VITALITY OF THE COLLEGE'S ACADEMIC PROGRAM. THE TEACHING LOAD HAS ENABLED THE COLLEGE TO: - MAINTAIN EXCELLENCE IN TEACHING, INCLUDING INNOVATION THROUGH NEW, OFTEN LABOR INTENSIVE PEDAGOGIES. - OFFER A RICH CURRICULUM, INCLUDING THE EXPLORATION OF NEW FIELDS OF STUDY (RECENT INTRODUCTION OF MAJORS IN QUANTITATIVE ECONOMICS; CHINESE; JAPANESE; A MINOR IN FILM & MEDIA; AND CERTIFICATES IN FOOD STUDIES AND SOCIAL INNOVATION AND ENTREPRENEURSHIP ARE EXAMPLES). - CONTINUE LEADERSHIP IN SUSTAINABILITY AND GLOBAL ENDEAVORS THAT HAVE GIVEN DICKINSON A POSITION OF NATIONAL LEADERSHIP IN THIS FIELD. - LAUNCH A MAJOR INITIATIVE IN CIVIC ENGAGEMENT WITH THE NEW CENTER FOR CIVIC LEARNING AND ACTION. - SUSTAIN THE FACULTY'S IMPRESSIVE RECORD OF SCHOLARSHIP AND ARTISTIC CREATIVITY BY MEETING PROFESSORS' CURRENT CONCERNS FOR MORE TIME FOR THEIR RESEARCH ACTIVITY. - MAINTAIN THE VITAL ROLE OF THE FACULTY IN THE COLLEGE'S COLLEGIAL GOVERNANCE SYSTEM. - ENHANCE DICKINSON'S COMPETITIVE POSITION IN THE RECRUITMENT OF OUTSTANDING NEW FACULTY. - CONTINUE THE COLLEGE'S RECORD OF STRONG FACULTY RETENTION. 26318412 716307 28401994 AUXILIARY SERVICES - AUXILIARY SERVICES PROVIDED BY THE COLLEGE INCLUDE HOUSING AND DINING SERVICES (FOR 1,869 ON-CAMPUS STUDENTS), CAMPUS STORES, AND OTHER SERVICES PROVIDED TO SUPPORT STUDENTS AND EMPLOYEES.IN MARCH 2020, THE GOVERNOR OF THE COMMONWEALTH OF PENNSYLVANIA ISSUED FORMAL STAY AT HOME ORDERS IN RESPONSE TO THE COVID-19 OUTBREAK, WHICH REQUIRED THE COLLEGE TO CLOSE CAMPUS AND COMPLETE COURSE INSTRUCTION VIRTUALLY FOR THE REMAINDER OF THE SPRING SEMESTER. THE COLLEGE ISSUED CREDITS FOR THE UNEARNED PORTION OF HOUSING AND DINING SERVICES PREVIOUSLY BILLED TO STUDENTS. ESSENTIAL SERVICES, INCLUDING HOUSING AND DINING SERVICES, WERE PROVIDED TO A SMALL NUMBER OF STUDENTS WHO WERE UNABLE TO RETURN HOME FOR THE REMAINDER OF THE SEMESTER. 161354563 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 X 3190 0 1 2813 1 1 1 1 AR CM FR GM IT SP UK 0 0 0 0 0 0 0 0 0 0 X 40 39 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO MA MD MI NH PA WA X X BRONTE D BURLEIGH-JONES VP FIN & ADMIN 7172451943 230 WEST LOUTHER STREET CARLISLE PA 170132896 MARGARET M ENSIGN PRESIDENT 40.00 X X 474839 0 59537 NEIL B WEISSMAN PROVOST AND DEAN 40.00 X 344704 0 44022 BRONTE D BURLEIGH-JONES VP FINANCE & ADMIN AND TREASURER 40.00 X 293181 0 32728 KIRK I SWENSON VP ADVANCEMENT 40.00 X 273365 0 48768 KENNETH E SHULTES AVP SUSTAIN/FAC PLANNING 40.00 X 196227 0 74934 ROBERT E RENAUD VP AND CIO 40.00 X 230010 0 27599 MELISSA A TORRES PRES/CEO FORUM ON EDUC ABROAD 40.00 X 218126 0 10202 KENDALL D ISAAC GENERAL COUNSEL 40.00 X 193154 0 34079 GEORGE H STROUD VP STUDENT LIFE & DEAN OF STUDENTS 40.00 X 184295 0 23750 KRISTEN KOSTECKY AVP, CAMPUS OPS 40.00 X 182891 0 23452 SUSAN D ROSE PROFESSOR 40.00 X 168124 0 36461 BRENDA K BRETZ FORMER ASST. SECRETARY 40.00 X 168346 0 34505 CATHERINE MCDONALD DAVENPORT VP ENROLLMENT MANAGEMENT 40.00 X 154587 0 46509 KAREN NEELY FARYNIAK CHIEF OF STAFF AND SECRETARY 40.00 X 163368 0 32853 SEAN M WITTE AVP FINANCE AND ASST TREASURER 40.00 X 171835 0 15798 JENNIFER R LOVE ASST CHF STAFF/ASST SECRETARY 40.00 X 52479 0 19352 JOHN E JONES III TRUSTEE/CHAIR 10.00 X X 0 0 0 JAMES D CHAMBERS TRUSTEE/VICE CHAIR 6.00 X X 0 0 0 NEAL B ABRAHAM TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 PETER J ANDERSON TRUSTEE 2.00 X 0 0 0 MICHAEL A BLOOM TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 GRETCHEN E BRIGDEN TRUSTEE 2.00 X 0 0 0 MARK S BURGESS TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 DAVID W CARLSON TRUSTEE 2.00 X 0 0 0 LAURA I COLONY TRUSTEE 2.00 X 0 0 0 ERIC DENKER TRUSTEE 2.00 X 0 0 0 ANNIE HANNA ENGEL TRUSTEE 2.00 X 0 0 0 RUTH A FERGUSON TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 JOHN B FRISCH TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 GEORGE V HAGER JR TRUSTEE 2.00 X 0 0 0 CAROL CAMPBELL HAISLIP TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 FRANK E JAMES III TRUSTEE 2.00 X 0 0 0 JULIE I JOHNSON TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 THOMAS L KALARIS TRUSTEE 2.00 X 0 0 0 BRIAN E KAMOIE TRUSTEE 2.00 X 0 0 0 MARK I LEHMAN TRUSTEE 2.00 X 0 0 0 ALBERT H MASLAND TRUSTEE 2.00 X 0 0 0 WILLIAM L MUELLER TRUSTEE 2.00 X 0 0 0 AMY L NAUIOKAS TRUSTEE 2.00 X 0 0 0 SARA G NASH TRUSTEE 2.00 X 0 0 0 KELLIE L NEWTON TRUSTEE 2.00 X 0 0 0 TONI A ORTEGA TRUSTEE 2.00 X 0 0 0 DARRELL I PACHECO TRUSTEE 2.00 X 0 0 0 YOUNG K PARK TRUSTEE 2.00 X 0 0 0 DOUGLAS J PAULS TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 JENNIFER WARD REYNOLDS TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 MICHELE MAHONEY RICHARDSON TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 LISA E SHERMAN TRUSTEE 2.00 X 0 0 0 CHARLES H SILVERMAN TRUSTEE 2.00 X 0 0 0 STEPHEN M SMITH TRUSTEE 2.00 X 0 0 0 SYLVIA M SMITH TRUSTEE 2.00 X 0 0 0 MARJORIE A SPEERS TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 ROBERT T SYMINGTON TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 CRAIG C WEEKS TRUSTEE/COMMITTEE CHAIR 4.00 X 0 0 0 AARON S WILLIAMS TRUSTEE 2.00 X 0 0 0 3469531 0 564549 75 1 1 0 WARFEL CONSTRUCTION COMPANY 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 CONSTRUCTION 1776319 CENTURION CONSTRUCTION GROUP LLC 516 INDUSTRIAL DR LEWISBERRY PA 17339 CONSTRUCTION 1429353 SIEMENS INDUSTRY INC 5095 RITTER ROAD MECHANICSBURG PA 17055 CONSTRUCTION 316889 SCHOOL FOR FIELD STUDIES 100 CUMMINGS CENTER SUITE 534-G BEVERLY MA 01915 STUDY ABROAD PROGRAMS 290635 RLPS LLP 250 VALLEYBROOK DRIVE LANCASTER PA 17601 ARCHITECTURE 277125 16 137142 2786924 11122852 1022543 14046918 TUITION AND FEES 900099 116940975 116940975 ROOM AND BOARD 721310 22604748 22604748 OTHER AUXILIARY SERVIC 721000 5828820 5661766 135480 31574 OTHER STUDENT FEES 900099 537506 537506 PROGRAM-RELATED INVEST 523000 17288 17288 145929337 1808533 415817 1392716 14909 14909 88644789 488534 67525931 210 21118858 488324 21607182 21607182 OTHER REVENUES 900099 490691 490691 490691 183897570 146252974 551297 23046381 220800 220800 52869601 52869601 4999183 4999183 2870878 2535620 335258 54638719 45599042 6300348 2739329 3900409 3220073 479468 200868 11837847 9768274 1478480 591093 4013924 3242684 559123 212117 208855 208855 194428 194428 33600 33600 2073825 2073825 1874039 1390393 385272 98374 72185 35903 36282 3975780 3187527 505402 282851 2399227 1215603 1158927 24697 7659725 7198610 427637 33478 1724575 1358305 168535 197735 430914 383118 41130 6666 4618288 4618288 11862088 11459254 282020 120814 733903 708980 17448 7475 TUITION 3588140 3588140 FOOD AND ENTERTAINMENT 3139134 2922666 71384 145084 REPAIRS AND MAINTENANCE 932366 884919 47447 BOOKSTORE 707596 707596 2005997 1775604 205593 24800 183586026 161354563 17177224 5054239 X 47116 42481 20069306 22746258 25566433 22132058 2989870 2319430 504900 520543 1218531 1326051 2244592 1032701 371862267 170760657 206205919 201101610 49573883 67440470 415263070 400885018 6911458 6931301 0 0 1218386 945671 731813464 727423592 10649323 8249000 0 0 3051214 6816775 133636738 129455414 2519682 2563115 0 0 0 0 1152761 11033911 5887060 5624837 156896778 163743052 X 359906495 357875635 215010191 205804905 574916686 563680540 731813464 727423592 X 311544 -12916926 1369236 X 0 1 X 1 1 1 X 7420512 11449581 17028258 9308116 14046918 59253385 7420512 11449581 17028258 9308116 14046918 59253385 5097679 54155706 1550099 1549254 1357052 1533598 1439199 7429202 3519339 2177455 1025396 1269639 490691 8482520 75165107 788346132 0.72050 0.68220 X PART II, LINE 10 OTHER INCOME OTHER REVENUES: 2015 $3,519,339 2016 $2,177,455 2017 $1,025,396 2018 $1,269,639 2019 $ 490,691 TOTAL $8,482,520 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART II-B, LINE 1: THE COLLEGE DOES NOT DIRECTLY ENGAGE IN LOBBYING ACTIVITY. HOWEVER, A PORTION OF THE DUES PAID TO PROFESSIONAL ORGANIZATIONS MAY BE USED FOR LOBBYING ON BEHALF OF MEMBER INSTITUTIONS. 171990 2830303 X X X 0 0 1 X 482115376 3038827 8241959 8016104 9790049 2834480 472755529 467544916 3516520 30923105 7682448 9460248 2726469 482115376 441394962 9531079 35924152 7255295 9389043 2660939 467544916 407956152 3938597 48577041 7074886 9372710 2629232 441394962 439533704 1655554 -15172948 6859099 8881067 2319992 407956152 0.57350 0.28190 0.14460 1 1 1 5736854 11441495 17178349 314016455 143289993 170726462 1676091 1526016 150075 23542566 20334771 3207795 15448806 5609877 9838929 201101610 HEDGE FUNDS 224966629 F PRIVATE EQUITY FUNDS 130391627 F REAL ASSET FUNDS 25809 F FUNDS HELD IN TRUSTS BY OTHERS 45500953 F 400885018 ANNUITIES PAYABLE 3508915 U.S. GOVERNMENT ADVANCES REFUNDABLE 1957036 OBLIGATIONS UNDER CAPITAL LEASES 158886 5624837 X 113254934 -11547690 -57021121 -68568811 181823745 2073825 2073825 183897570 124491080 452807 452807 124038273 2073825 57473928 59547753 183586026 PART III, LINE 4: THE EMIL R. WEISS CENTER FOR THE ARTS HOUSES THE TROUT GALLERY, WHICH IS USED FOR A VARIETY OF EXHIBITIONS, LECTURES, AND DEMONSTRATIONS RELATING TO THE COLLEGE'S FINE ARTS COLLECTION. THE TROUT GALLERY SERVES AS A CONTINUOUS DISPLAY OF ART EXHIBITS AND IS LOCATED IN SUCH AN AREA OF THE CAMPUS SO AS TO STIMULATE GENERAL STUDENT INTEREST AND BE A SERVICE TO THE HUMANITIES. PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS INCLUDE FUNDS RECEIVED FROM OFFICIALLY RECOGNIZED STUDENT ORGANIZATIONS AND OTHER ORGANIZATIONS SPECIFICALLY APPROVED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. RELATED ASSETS ARE REPORTED ON FORM 990, PART X AND ARE ACCOUNTED FOR IN A MANNER CONSISTENT WITH THE COLLEGE'S REPORTING SYSTEM. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 900 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING FINANCIAL AID, FACULTY SALARIES AND BENEFITS, LIBRARY RESOURCES, BUILDING MAINTENANCE, STUDENT LOANS AND OTHER PROGRAMMATIC SUPPORT. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE ENDOWMENT SPENDING RATE PLUS INFLATION, DEFINED AS THE CONSUMER PRICE INDEX PLUS 1%, WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. IN FY'20, SPENDING FROM THE ENDOWMENT PROVIDED APPROXIMATELY 14.1% OR $16.8 MILLION OF DICKINSON'S OPERATING BUDGET REVENUES, WITH ANOTHER $3.8 MILLION GOING TO RESTRICTED FUNDS. THE POOLED ENDOWMENT POSTED RETURNS OF 2.3% FOR THE FISCAL YEAR ENDED JUNE 30, 2020 AND HAS AVERAGED ANNUAL RETURNS OF 8.5% OVER THE PAST DECADE. DICKINSON'S LONG-TERM RETURNS REGULARLY PLACE THE COLLEGE IN THE TOP DECILE OF PEER PERFORMANCE ACCORDING TO THE NACUBO-TIAA STUDY OF ENDOWMENTS. PART X, LINE 2: THE COLLEGE HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. NO PROVISIONS FOR INCOME TAXES HAVE BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2020 OR 2019. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP) REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COLLEGE HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF JUNE 30, 2020 AND 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID OFFSETTING REVENUES IN FINANCIAL STATEMENTS -57,473,928. L'ASSOCIATION DICKINSON EN FRANCE STUDY ABROAD PROGRAM 452,807. PART XII, LINE 2D - OTHER ADJUSTMENTS: L'ASSOCIATION DICKINSON EN FRANCE STUDY ABROAD PROGRAM 452,807. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID INCLUDED WITH GRANTS ON THE 990 57,473,928. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S POLICY ON NONDISCRIMINATION IS INCLUDED IN ALL PRINTED SOLICITATION MATERIALS AND IS MAINTAINED FOR PUBLIC ACCESS VIA THE COLLEGE WEB SITE. SCHEDULE E, PART I, LINE 6 BEYOND THE NUMEROUS INDIVIDUAL RESEARCH GRANTS AWARDED TO OUR FACULTY, DICKINSON COLLEGE HAS RECEIVED SEVERAL NATIONALLY COMPETITIVE INSTITUTIONAL AWARDS IN RECENT YEARS. THESE GRANTS ARE SIGNIFICANT NOT ONLY BECAUSE OF THE FUNDING THEY PROVIDE TO SUPPORT PEDAGOGICAL INNOVATION AND NEW PROGRAM INITIATIVES, BUT ALSO BECAUSE THEY PROVIDE EXTERNAL VALIDATION FOR THE EXCELLENCE OF OUR ACADEMIC ENTERPRISE. THEY REFLECT THE COLLEGE'S STRATEGIC VISION OF AN ACADEMIC CURRICULUM THAT COMBINES A STRONG COMMITMENT TO THE BEST TRADITIONS OF THE LIBERAL ARTS WITH A DESIRE TO INNOVATE AND INTRODUCE PROGRAMMING THAT SPEAKS TO CONTEMPORARY CONCERNS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAMS 108735 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 83130 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 39309724 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAMS 1115048 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ADMISSIONS RECRUITING 10864 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1097495 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH AND DEVELOPMENT 8059 EUROPE 4 75 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAMS 3269338 EUROPE 0 0 PROGRAM SERVICES ADMISSIONS RECRUITING 3809 EUROPE 0 0 GRANTMAKING 3060140 EUROPE 0 0 FUNDRAISING 6823 EUROPE 0 0 PROGRAM RELATED INVESTING 1049795 EUROPE 0 0 PROGRAM SERVICES RESEARCH AND DEVELOPMENT 49212 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAM 135252 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ADMISSIONS RECRUITING 3444 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 105000 NORTH AMERICA 0 0 PROGRAM SERVICES ADMISSIONS RECRUITING 1938 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH AND DEVELOPMENT 7128 RUSSIA AND NEIGHBORING STATES 0 18 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAM 88340 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 98815 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES RESEARCH AND DEVELOPMENT 2698 SOUTH AMERICA 1 4 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAM 226375 SOUTH AMERICA 0 0 FUNDRAISING 1088 SOUTH AMERICA 0 0 GRANTMAKING 390070 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH AND DEVELOPMENT 5488 SOUTH ASIA 0 0 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAM 41366 SOUTH ASIA 0 0 PROGRAM SERVICES ADMISSIONS RECRUITING 7712 SOUTH ASIA 0 0 GRANTMAKING 36394 SUB-SAHARAN AFRICA 1 1 PROGRAM SERVICES GLOBAL STUDY ABROAD PROGRAM 166580 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 128139 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH AND DEVELOPMENT 5344 4 77 2 23 6 100 45002393 5620950 50623343 INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD CENTRAL AMERICA AND THE CARIBBEAN 4 83130 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD EAST ASIA AND THE PACIFIC 62 1097495 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD EUROPE (INCLUDING ICELAND & GREENLAND) 146 3060140 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD MIDDLE EAST AND NORTH AFRICA 4 105000 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD RUSSIA AND NEIGHBORING STATES 4 98815 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD SOUTH AMERICA 16 390070 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD SOUTH ASIA 2 36394 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD SUB-SAHARAN AFRICA 5 128139 NON-CASH CREDIT TO STUDENT ACCOUNTS OTHER 1 0 1 1 1 0 PART I, LINE 2: THE COLLEGE'S INSTITUTIONAL METHODOLOGY USED TO DETERMINE ELIGIBILITY FOR GRANT FUNDS IS OUTLINED IN SCHEDULE I, PART IV. GRANT FUNDS PROVIDED TO INDIVIDUALS OUTSIDE OF THE UNITED STATES INCLUDE FINANCIAL AID AWARDS FOR STUDENTS STUDYING ABROAD. PART III ACCOUNTING METHOD: X X X X X X 1 LANGLEY INNOVATIONS LLC 3719 SPRIGG STREET NORTH FREDERICK MD 21704 CONSULTING 0 0 33600 -33600 33600 -33600 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 BOROUGH OF CARLISLE 53 WEST SOUTH STREET CARLISLE PA 17013 236002842 GOVERNMENT 50000 FMV PAYMENT IN LIEU OF TAXES CLEAN AIR TASK FORCE INC 114 STATE STREET 6TH FLOOR BOSTON MA 02109 043512550 501(C)(3) 100000 FMV DONOR FUNDED ENVIRONMENTAL ACTIVISM PRIZE DOWNTOWN CARLISLE ASSOCIATION 53 WEST SOUTH STREET CARLISLE PA 17013 232224862 501(C)(3) 50000 FMV GENERAL SUPPORT UNITED WAY OF CARLISLE & CUMBERLAND COUNTY 145 SOUTH HANOVER STREET CARLISLE PA 17013 231552261 501(C)(3) 10000 FMV EMERGENCY FUND 4 0 INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS 1459 52474745 OTHER NON-CASH CREDIT TO STUDENT ACCOUNTS CARES ACT GRANTS TO STUDENTS 169 352792 ACADEMIC AWARDS AND FELLOWSHIPS FOR STUDENTS 86 42064 PART I, LINE 2: DURING 2019-20, 77% OF THE TOTAL DICKINSON STUDENT BODY RECEIVED FINANCIAL AID FROM THE COLLEGE. SINCE MOST OF THE COLLEGE'S GRANT AWARDS ARE MADE TO STUDENTS WITH DEMONSTRATED FINANCIAL NEED, THE MAJORITY OF THESE FUNDS SUPPLEMENTED THE CONTRIBUTION THAT ELIGIBLE FAMILIES MADE TOWARD TUITION, FEES, ROOM AND BOARD CHARGES. THE COLLEGE'S INSTITUTIONAL METHODOLOGY USED TO DETERMINE ELIGIBILITY FOR GRANT FUNDS CONSIDERS ADDITIONAL FACTORS BEYOND THE DATA ITEMS REQUESTED ON THE FAFSA. THESE INCLUDE (BUT ARE NOT LIMITED TO) HOME EQUITY, A CONTRIBUTION FROM THE NONCUSTODIAL PARENT, AND IN THE CASE OF A FAMILY WITH MORE THAN ONE STUDENT IN COLLEGE, AN EVALUATION OF THE ACTUAL COSTS INVOLVED IN SUPPORTING THE OTHER STUDENT(S). PARENTS IN COLLEGE AND SIBLINGS IN GRADUATE SCHOOL ARE NOT NORMALLY COUNTED AS OTHER FAMILY MEMBERS IN COLLEGE. DICKINSON EXPECTS EACH FINANCIAL AID RECIPIENT TO WORK DURING THE SUMMER AND CONTRIBUTE A MINIMUM OF $2,000 TOWARD COLLEGE COSTS. STUDENTS ARE ALSO EXPECTED TO CONTRIBUTE A PORTION OF THEIR ASSETS EACH YEAR FOR EDUCATIONAL EXPENSES. SOME STUDENTS RECEIVE EDUCATIONAL BENEFITS FROM GOVERNMENTAL AGENCIES SUCH AS THE VETERANS' ADMINISTRATION AND STATE BUREAUS OF VOCATIONAL REHABILITATION OR FROM PARENTS' EMPLOYERS IN THE FORM OF TUITION REMISSION. SUCH BENEFITS MUST BE TAKEN INTO CONSIDERATION WHEN DETERMINING THE FINANCIAL AID PACKAGE. THE FINANCIAL AID AWARD NOTICE WILL LIST ALL THE FINANCIAL AID PROGRAMS FOR WHICH THE STUDENT IS ELIGIBLE. THE AMOUNT OF FINANCIAL AID THAT THE STUDENT RECEIVES FROM THESE PROGRAMS DEPENDS ON THE STUDENT'S COMPUTED NEED. THE AMOUNT OF DICKINSON GRANT AND SCHOLARSHIP AID MAY ALSO BE INFLUENCED BY THE ACADEMIC ACHIEVEMENT AND PROMISE OF THE APPLICANT. STUDENTS' FINANCIAL NEED IS RECALCULATED FOR EACH YEAR OF ATTENDANCE; AS A RESULT, AWARDED AMOUNTS OF NEED-BASED AID MAY VARY AS NEED CHANGES. THE COLLEGE ATTEMPTS TO MAINTAIN APPROXIMATELY THE SAME AMOUNT OF DICKINSON GRANT FUNDS FROM YEAR TO YEAR UNLESS NEED CHANGES SIGNIFICANTLY. THE STUDENT IS REQUIRED TO SUBMIT A PROFILE APPLICATION IF, AS A RESULT OF A SIGNIFICANT CHANGE IN FAMILY CIRCUMSTANCES, ADDITIONAL ASSISTANCE IS BEING REQUESTED. SCHEDULE I, PART III GRANTS AND ASSISTANCE ARE APPLIED TO STUDENT ACCOUNTS AFTER THE START OF EACH SEMESTER OR TERM. DOMESTIC GRANTS AND ASSISTANCE TO INDIVIDUALS REPORTED ON SCHEDULE I INCLUDE FINANCIAL AID PROVIDED TO STUDENTS STUDYING AT THE MAIN CAMPUS IN CARLISLE OR AT OTHER DOMESTIC PROGRAM LOCATIONS. FOREIGN GRANTS AND ASSISTANCE TO INDIVIDUALS REPORTED ON SCHEDULE F INCLUDE FINANCIAL AID PROVIDED TO STUDENTS STUDYING ABROAD. THE COLLEGE RECEIVED FEDERAL ASSISTANCE THROUGH THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). THE CARES ACT GRANTS TO STUDENTS REPORTED IN PART III REPRESENT EMERGENCY RELIEF GRANTS RELATED TO THE COVID-19 OUTBREAK. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARGARET M ENSIGN PRESIDENT 461724 0 0 0 13115 0 23360 0 36177 0 534376 0 0 0 NEIL B WEISSMAN PROVOST AND DEAN 333382 0 0 0 11322 0 23360 0 20662 0 388726 0 0 0 BRONTE D BURLEIGH-JONES VP FINANCE & ADMIN AND TREASURER 291701 0 0 0 1480 0 23360 0 9368 0 325909 0 0 0 KIRK I SWENSON VP ADVANCEMENT 268927 0 0 0 4438 0 23360 0 25408 0 322133 0 0 0 KENNETH E SHULTES AVP SUSTAIN/FAC PLANNING 194690 0 0 0 1537 0 16445 0 58489 0 271161 0 0 0 ROBERT E RENAUD VP AND CIO 224036 0 0 0 5974 0 18362 0 9237 0 257609 0 0 0 MELISSA A TORRES PRES/CEO FORUM ON EDUC ABROAD 208747 0 0 0 9379 0 0 0 10202 0 228328 0 0 0 KENDALL D ISAAC GENERAL COUNSEL 192524 0 0 0 630 0 16065 0 18014 0 227233 0 0 0 GEORGE H STROUD VP STUDENT LIFE & DEAN OF STUDENTS 181497 0 0 0 2798 0 6442 0 17308 0 208045 0 0 0 KRISTEN KOSTECKY AVP, CAMPUS OPS 181158 0 0 0 1733 0 14897 0 8555 0 206343 0 0 0 SUSAN D ROSE PROFESSOR 165019 0 0 0 3105 0 12032 0 24429 0 204585 0 0 0 BRENDA K BRETZ FORMER ASST. SECRETARY 164616 0 0 0 3730 0 14128 0 20377 0 202851 0 0 0 CATHERINE MCDONALD DAVENPORT VP ENROLLMENT MANAGEMENT 153399 0 0 0 1188 0 13168 0 33341 0 201096 0 0 0 KAREN NEELY FARYNIAK CHIEF OF STAFF AND SECRETARY 161010 0 0 0 2358 0 13766 0 19087 0 196221 0 0 0 SEAN M WITTE AVP FINANCE AND ASST TREASURER 171278 0 0 0 557 0 13962 0 1836 0 187633 0 0 0 PART I, LINE 1A SCHEDULE J, PART I, LINE 1A: COLLEGE OWNED HOUSING IS PROVIDED TO THE PRESIDENT AS A CONDITION OF EMPLOYMENT. THE PRESIDENT'S HOUSE MANAGER IS RESPONSIBLE FOR KEEPING THE HOUSE SECURE, WELL-MAINTAINED, AND PHYSICALLY AND AESTHETICALLY COMFORTABLE FOR THE RESIDENTS AND VISITORS. THIS PART-TIME POSITION IS ALSO RESPONSIBLE FOR SUPERVISING HOUSEKEEPERS, PROJECT CREWS, CATERING CREWS, OUTSIDE VENDORS PERFORMING WORK ON THE PROPERTY AND IN THE HOUSE, AND HOME REPAIR AND IMPROVEMENT CREWS. THE FAIR VALUE OF HOUSING AND RELATED SERVICES ARE REPORTED IN COLUMN (D) AS NONTAXABLE COMPENSATION IN PART II FOR THE PRESIDENT. ON OCCASION, PERSONAL MEALS ARE PREPARED FOR THE PRESIDENT BY DINING SERVICES. THESE MEALS ARE CONSIDERED TAXABLE COMPENSATION AND ARE REPORTED IN COLUMN (B) AS TAXABLE COMPENSATION IN PART II. A CUMBERLAND COUNTY MUNICIPAL AUTHORITY 236003119 230614GB9 2012-09-06 40480007 REFINANCING AND CONSTRUCTION 0 0 0 B CUMBERLAND COUNTY MUNICIPAL AUTHORITY 236003119 230614KD0 2016-03-31 47842881 REFINANCING 0 0 0 C CUMBERLAND COUNTY MUNICIPAL AUTHORITY 236003119 230614LH0 2017-02-15 35125731 REFINANCING AND CONSTRUCTION 0 0 0 D CUMBERLAND COUNTY MUNICIPAL AUTHORITY 236003119 230614MF3 2017-12-27 10876429 REFINANCING 0 0 0 A 40504541 2 15028591 433943 25042005 2014 1 1 1 1 B 47842884 4 47503693 338853 334 2016 1 1 1 1 C 35335798 2 12796588 315593 21264400 13554 945661 1 0 0 1 D 10876420 1 10661480 214939 2017 0 1 1 1 A 0 0 0 1 1 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CUMBERLAND COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2020 ISSUER NAME: CUMBERLAND COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2020 ISSUER NAME: CUMBERLAND COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/15/2020 ISSUER NAME: CUMBERLAND COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/27/2019 ISSUER NAME: CUMBERLAND COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/27/2020 SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS OF EACH ISSUE DIFFER FROM THE ISSUE PRICE DUE TO ACCRUED INTEREST RECEIVED AT CLOSING, INVESTMENT EARNINGS ON FUNDS HELD BY THE TRUSTEE, OR A COMBINATION THEREOF. A CUMBERLAND COUNTY MUNICIPAL AUTHORITY 236003119 230614MQ9 2018-02-27 10806732 REFINANCING 0 0 0 A 10803922 1 10690354 113567 2018 1 0 1 1 A 0 0 0 1 0 0 0 0 1 A 1 X 2 171990 APPRAISED VALUE X 64 850553 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPORTED IN PART I, COLUMN (B) IS BASED ON THE NUMBER OF DONATIONS TO THE COLLEGE, AS OPPOSED TO THE NUMBER OF ITEMS DONATED. PART I, LINE 32B: MORGAN STANLEY'S BROKERAGE FIRM PROCESSES AND SELLS STOCK GIFTS RECEIVED BY THE COLLEGE. FORM 990, PART V, LINE 1A THE TOTAL NUMBER OF FORMS SUBMITTED INCLUDES 1098-T (2,810), 1099-K (1), 1099-MISC (348), AND 1099-R (31). FORM 990, PART I, LINE 6 1,296 INDIVIDUALS PROVIDED VOLUNTEER SERVICES FOR THE COLLEGE ON A PART-TIME BASIS DURING FISCAL YEAR 2019-20. IN ADDITION TO MEMBERS OF THE BOARD OF TRUSTEES, THE DICKINSON VOLUNTEER NETWORK INCLUDES OPPORTUNITIES IN ADMISSIONS, ADVANCEMENT, COLLEGE RELATIONS AND THE CAREER CENTER. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF TRUSTEES CREATED A TASK FORCE ON BOARD STRUCTURE TO REVIEW THE STRUCTURES OF SELECTED PEER AND ASPIRANT INSTITUTIONS AND MAKE RECOMMENDATIONS INFORMED BY BEST PRACTICES IN BOARD GOVERNANCE, INPUT FROM TRUSTEES AND SENIOR STAFF, AND THE COLLEGE'S STRATEGIC FRAMEWORK AND PRIORITIES. AFTER DETAILED AND CAREFUL CONSIDERATION, THE TASK FORCE MADE RECOMMENDATIONS FOR A NEW PERFORMANCE-BASED COMMITTEE STRUCTURE THAT GOES BEYOND BASIC FIDUCIARY RESPONSIBILITIES. THIS STRUCTURE INCLUDES GOALS AND KEY PERFORMANCE INDICATORS FOR EACH COMMITTEE ALONG WITH ADDITIONAL TRAINING FOR TRUSTEES AND LEADERSHIP TRAINING FOR CHAIRS AND VICE CHAIRS. IN MAY 2020, THE BOARD OF TRUSTEES VOTED TO APPROVE THE RECOMMENDATIONS MADE BY THE TASK FORCE AND THE BY-LAWS WERE AMENDED TO REFLECT CHANGES TO THE BOARD SIZE (FROM 25-50 MEMBERS TO 28-40 MEMBERS), COMMITTEE STRUCTURE AND COMMITTEE RESPONSIBILITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ASSISTANT CONTROLLER IN CONSULTATION WITH VARIOUS DEPARTMENTS ON CAMPUS. THE DRAFT 990 IS PRESENTED TO THE AVP OF FINANCE AND THE VP FOR FINANCE AND ADMINISTRATION, ALONG WITH THE COLLEGE'S TAX REVIEWERS AT KPMG LLP. UPON COMPLETION OF THE REVIEW AND ASSOCIATED REVISIONS, THE DRAFT 990 IS REVIEWED WITH THE BOARD OF TRUSTEES COMMITTEE ON ENTERPRISE RISK MANAGEMENT VIA CONFERENCE CALL (AN ELECTRONIC COPY OF THE DRAFT IS PROVIDED TO EACH SUBCOMMITTEE MEMBER PRIOR TO THE CALL). THE FINAL DRAFT 990 IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD VIA THE TRUSTEE WEBSITE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER, OR DESIGNATED PERSON IS EXPECTED TO REPORT PROMPTLY TO THE PRESIDENT OF THE COLLEGE OR TO THE CHAIRMAN OF THE BOARD OF TRUSTEES THE EXISTENCE OF ANY BUSINESS RELATIONSHIP OR INTEREST, AS IT ARISES, WHICH ACTUALLY OR POTENTIALLY INVOLVES OR MAY APPEAR TO INVOLVE A CONFLICT OF INTEREST. EACH TRUSTEE, OFFICER AND DESIGNATED PERSON IS ASKED TO SIGN A STATEMENT OF DISCLOSURE REFLECTING HIS OR HER AWARENESS AND UNDERSTANDING OF THE COLLEGE'S STATEMENT OF POLICY ON CONFLICTS OF INTEREST, AND COMPLIANCE WITH IT, ON AN ANNUAL BASIS. DESIGNATED PERSONS INCLUDE, BUT ARE NOT LIMITED TO, KEY EMPLOYEES OF THE COLLEGE AS REPORTED ON FORM 990. EACH ACTUAL OR POTENTIAL CONFLICT SHALL BE ADDRESSED ON A CASE-BY-CASE BASIS IN CONTEXT OF THE PERTINENT FACTS. NO CONTRACT OR TRANSACTION BETWEEN THE COLLEGE AND ONE OR MORE OF ITS TRUSTEES, OFFICERS OR DESIGNATED PERSONS SHALL BE VOID OR VOIDABLE SOLELY FOR SUCH REASON AS LONG AS ONE OF THE FOLLOWING CONDITIONS EXIST: 1. WHERE THE NATURE OF THE CONFLICT IS SUCH THAT THE INDIVIDUAL INVOLVED IS NOT ABLE TO DISCLOSE THE DETAILS THEREOF WITHOUT BREACHING OTHER CONFIDENCES, HE MUST, UPON NOTICE TO THE PRESIDENT OF THE COLLEGE OR THE CHAIRMAN OF THE BOARD OF TRUSTEES, REMOVE HIMSELF FROM ALL MEETINGS, DISCUSSIONS, DELIBERATIONS AND ACTIONS AT WHICH THE MATTER IS CONSIDERED; 2. THE MATERIAL FACTS AS TO SUCH RELATIONSHIP OR INTEREST, AND AS TO THE CONTRACT OR TRANSACTION, ARE DISCLOSED OR ARE KNOWN TO THE BOARD AND THE BOARD IN GOOD FAITH AUTHORIZES THE CONTRACT OR TRANSACTION BY THE AFFIRMATIVE VOTES OF A MAJORITY OF THE DISINTERESTED TRUSTEES, EVEN THOUGH THE DISINTERESTED TRUSTEES ARE LESS THAN A QUORUM; OR 3. THE CONTRACT OR TRANSACTION IS FAIR AS TO THE COLLEGE AS OF THE TIME IT IS AUTHORIZED, APPROVED OR RATIFIED BY THE BOARD. COMMON OR INTERESTED TRUSTEES MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD OF TRUSTEES WHICH AUTHORIZES A CONTRACT OR TRANSACTION. WHEN IT IS CONCLUDED THAT A CONFLICT ACTUALLY OR POTENTIALLY EXISTS, AND THE ABOVE PROCESS TO ADDRESS THE CONFLICT HAS NOT BEEN FOLLOWED, ACTION MAY INCLUDE SUSPENSION IN WHOLE OR IN PART OF THE INDIVIDUAL'S DUTIES WITH THE COLLEGE FOR SUCH PERIOD OF TIME AND/OR AS TO SUCH MATTERS AS MAY BE DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES, OR REQUESTING THE RESIGNATION OF THE INDIVIDUAL FROM THE BOARD OR FROM THE OFFICE OR EXCLUDING THE INDIVIDUAL WITH THE CONFLICT FROM ALL MEETINGS, DISCUSSIONS, DELIBERATIONS, ACTIONS OR VOTES RELATED TO THE SUBJECT OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES SUBCOMMITTEE ON EXECUTIVE COMPENSATION (THE "SUBCOMMITTEE") HOLDS A CONFERENCE CALL ON AN ANNUAL BASIS TO REVIEW THE TOTAL COMPENSATION PACKAGES FOR THE PRESIDENT AND SENIOR OFFICERS OF THE COLLEGE. PRIOR TO THE CALL, SUBCOMMITTEE MEMBERS ARE PROVIDED WITH COMPARATIVE COMPENSATION DATA FROM TWO SEPARATE HIGHER EDUCATION EXECUTIVE COMPENSATION SURVEYS. THE SUBCOMMITTEE REVIEWS THE SURVEYS AND DISCUSSES A PROPOSED COMPENSATION PACKAGE FOR THE PRESIDENT (THE PRESIDENT PROPOSES COMPENSATION PACKAGES FOR SENIOR OFFICERS). THE SUBCOMMITTEE'S RECOMMENDATIONS ARE PRESENTED TO THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE FOR APPROVAL DURING THE SPRING BOARD MEETINGS. UPON APPROVAL, A LETTER FROM THE BOARD CHAIR IS SENT TO THE AVP FOR HUMAN RESOURCE SERVICES TO CONFIRM THE APPROVED COMPENSATION FOR THE PRESIDENT AND SENIOR OFFICERS FOR THE UPCOMING FISCAL YEAR BEGINNING JULY 1. THE AVP FOR HUMAN RESOURCE SERVICES MAINTAINS THE ORIGINAL COPY OF THE COMPENSATION LETTER, ALONG WITH ALL OTHER INFORMATION PROVIDED TO THE SUBCOMMITTEE IN SUPPORT OF ITS REVIEW. MINUTES ARE DOCUMENTED FOR BOTH THE CALL AND THE MEETING. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023, 990 AND 990-T ARE MADE AVAILABLE UPON REQUEST. FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. IN ADDITION, THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE DICKINSON COLLEGE WEBSITE. FORM 990, PART X CERTAIN RECLASSIFICATIONS HAVE BEEN MADE TO FISCAL YEAR 2019 AMOUNTS TO CONFORM WITH CLASSIFICATIONS IN FISCAL YEAR 2020. FORM 990, PART XI, LINE 9: CHANGE IN SETTLEMENT RECEIVABLE 1,852,320. CHANGE IN SPLIT INTEREST ANNUITY LIABILITIES -483,084. DICKINSON IN ENGLAND LIMITED 371 UNTHANK ROAD NORWICH UK NR4 7QG 981548498 EDUCATIONAL INSTITUTION FOR STUDY ABROAD PROGRAMS UK 628337 0 DICKINSON COLLEGE L'ASSOCIATION DICKINSON EN FRANCE 0 40 R DU JAPON TOULOUSE FR 31400 331566091 HIGHER EDUCATION FR DICKINSON COLLEGE 1 SANDIA FOUNDATION 6211 SAN MATEO BLVD NE SUITE 100 ALBUQUERQUE NM 87109 856009907 FOUNDATION NM 501(C)(3) LINE 12D, III-O N/A 0 CHARITABLE REMAINDER TRUST (5) ANNUITY PA T 0 POOLED INCOME FUND (1) ANNUITY PA T 0 PERPETUAL TRUST (3) PERPETUAL TRUST PA T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0