2020-05-15T15:30:11-05:00 2019-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2018-07-01 042104847 Williams College WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 FREDERICK W PUDDESTER VP FIN / ADMIN & TREAS 2020-05-15 true Rachel Spurlock P00520729 5023263996 2018 2020-11-19 02:30:22Z MAUD S MANDEL HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 720753604 false X WWW.WILLIAMS.EDU X 1793 MA SEE SCHEDULE O. 23 22 3764 4817 -2826037 0 70532953 67517086 146925534 150978403 168271130 252007895 3299625 -1437486 389029242 469065898 56605701 55985339 0 136840658 144925561 0 9678195 110542682 124057843 303989041 324968743 85040201 144097155 3870877825 4124342736 781013562 895515100 3089864263 3228827636 SEE SCHEDULE O. false false 284428125 55985339 150978403 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. 284428125 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 3528 0 true 3764 true true true true UK false false false false true false false false false false false false 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 X X 312709 0 42798 WILLIAM C FOOTE TRUSTEE 4.0 X 0 0 0 O ANDREAS HALVORSEN TRUSTEE 4.0 4.0 X 0 0 0 JEFFREY S HARLESTON TRUSTEE 4.0 X 0 0 0 GRETCHEN E HOWARD TRUSTEE 4.0 X 0 0 0 COOPER CAMPBELL JACKSON 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 CLARENCE OTIS JR TRUSTEE 4.0 X 0 0 0 KATHERINE L QUEENEY TRUSTEE 4.0 X 0 0 0 ELIZABETH E ROBINSON TRUSTEE 4.0 X 0 0 0 JONATHAN D SOKOLOFF TRUSTEE 4.0 X 0 0 0 MARK R TERCEK TRUSTEE 4.0 X 0 0 0 SARAH MOLLMAN UNDERHILL TRUSTEE 4.0 X 0 0 0 MARTHA WILLIAMSON TRUSTEE 4.0 X 0 0 0 GREGORY H WOODS TRUSTEE 4.0 X 0 0 0 ELIZABETH A ANDERSEN TRUSTEE 4.0 X 0 0 0 TIMOTHY A BARROWS TRUSTEE 4.0 X 0 0 0 THOMAS M BELK TRUSTEE 4.0 X 0 0 0 JILLIAN A CHARLES TRUSTEE 4.0 X 0 0 0 NORIKO HONDA CHEN TRUSTEE 4.0 X 0 0 0 VALERIE A DIFEBO TRUSTEE 4.0 X 0 0 0 MICHAEL R EISENSON TRUSTEE/CHAIR 6.0 X 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 40.0 X 1094552 0 536442 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 40.0 X 438132 0 57933 MEGAN E MOREY VP OF COLLEGE RELATIONS 40.0 X 368566 0 85890 STEPHEN P KLASS VP FOR CAMPUS LIFE 40.0 X 342818 0 58904 KELI A GAIL SECRETARY OF THE COLLEGE 40.0 X 223029 0 80282 MARLENE J SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 40.0 X 260320 0 54923 DAVID A LOVE PROVOST, PROF OF ECONOMICS 40.0 X 257160 0 63798 JAMES REISCHE VP OF COMMUNICATIONS 40.0 X 205403 0 80085 LETICIA Smith-Evans HAYNES VP INSTL. DIVERSITY & EQUITY 40.0 X 199720 0 56108 DENISE K BUELL DEAN OF THE FACULTY, PROF OF RELIGION 40.0 X 231057 0 44193 LEE Y PARK DEAN OF THE FACULTY, PROF OF CHEMISTRY 40.0 X 200326 0 39927 BRADFORD B WAKEMAN MANAGING DIR / COO, INV OFFICE 40.0 X 550399 0 223907 JULIA CROSBY MANAGING DIRECTOR, INV OFFICE 40.0 X 532590 0 190441 ABIGAIL G WATTLEY MANAGING DIRECTOR, INV OFFICE 40.0 X 398950 0 140511 ROBERT P VOLPI DIRECTOR OF DINING SERVICES 40.0 X 237416 0 24878 MONICA M MACKEY DIRECTOR OF PRINCIPAL GIVING 40.0 X 230282 0 39376 PETER MURPHY PROF ENGLISH/FRMR KEY EMPLOYEE 0.0 X 155004 0 33894 PROTIK K MAJUMDER PROF PHYSICS/FRMR PRESIDENT 40.0 X 301684 0 69490 6540117 0 1923780 281 true true false ENGELBERTH CONSTRUCTION INC 463 MOUNTAIN VIEW DRIVE COLCHESTER VT 05446 CONSTRUCTION 27660938 CONSIGLI CONSTRUCTION CO INC 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 14000844 BARR & BARR INC 260 COCHITUATE ROAD FRAMINGHAM MA 01701 CONSTRUCTION 11706735 ALBERT CUMMINGS IV GENERAL CONTRACTING 228 MAIN STREET WILLIAMSTOWN MA 01267 CONSTRUCTION 7755029 JM MAXYMILLIAN INC 1801 EAST ST PITTSFIELD MA 01201 CONSTRUCTION 6640575 79 1634750 65882336 14570950 67517086 TUITION, FEES, ROOM AND BOARD 900099 143570663 143570663 AUXILIARY REVENUE 721000 7407740 7407740 0 0 0 0 150978403 985286 -7446455 8431741 353150 353150 2174717 3612203 -1437486 0 -1437486 -1437486 498744962 248075503 250669459 0 250669459 4620418 246049041 0 0 0 0 0 469065898 150978403 -2826037 253396446 1404193 1404193 53379564 53379564 1201582 1201582 3772862 953458 1840187 979217 842602 788907 53695 103278787 88474406 10837480 3966901 8996622 7646240 1024600 325782 20643294 17872488 2153529 617277 7391394 6281955 841785 267654 594490 18043 576447 0 304429 4736 294228 5465 23473813 19696542 3028223 749048 286938 109516 171091 6331 7848213 7222395 522002 103816 3436856 2843049 587341 6466 6420413 6062907 239529 117977 7512189 6263639 708758 539792 281810 215841 42338 23631 12488755 10614208 1422309 452238 33260040 28167268 3876528 1216244 1579860 12154 1567697 9 FELLOWSHIPS, STUDENT PRIZES 9997810 9904067 78743 15000 EQUIPMENT RENTAL AND MAINTANCE 7488306 7000053 464598 23655 NON CAPPED PLANT EXPENSES 9083921 8290914 531315 261692 0 0 0 0 324968743 284428125 30862423 9678195 41162771 40013271 42516079 71698859 145467214 110609408 846728 1892356 336657 315408 0 12835416 13016419 287597 292027 9492054 9875966 1096189493 414686577 621979509 681502916 32132312 33158854 2920368715 3145482169 2456729 1957920 40996044 14527163 3870877825 4124342736 71979346 77689049 1817396 1835177 445364331 435544674 57686368 57475892 0 204166121 322970308 781013562 895515100 X 387694579 414639448 2702169684 2814188188 3089864263 3228827636 3870877825 4124342736 X 144097155 3264052 0 0 0 -8397834 X false true X true true true X 133207640 68769484 119314764 70532953 67517086 459341927 0 0 133207640 68769484 119314764 70532953 67517086 459341927 92695383 366646544 4604771 5852743 6143438 6501238 3513153 26615343 0 0 0 0 0 0 0 485957270 714751525 0.7545 0.739 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 48881 48881 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 111994 2543315 true true 581773 50503371 X X X X false false true X 2612003491 43061074 243206573 29649127 131065159 7660661 2729896191 2382934150 19934890 311454291 22758502 72544413 7016925 2612003491 2146509040 37576619 303172136 25627014 72444759 6251872 2382934150 2251976280 22060972 -35220183 24661307 62718883 4927839 2146509040 2128910838 25084770 213600715 21630783 87704016 6285244 2251976280 0.083 0.685 0.232 false false 1012375 12927185 13939560 3337304 838045508 325294856 516087956 108820262 66238563 42581699 132046859 23153158 108893701 681502916 Global Long/Short Equity Funds 1270985034 F Absolute return funds 562409891 F Venture Capital funds 541628097 F Buyout funds 195080566 F Real Asset funds 153956274 F Real Estate funds 112682170 F Noninvestment Grade Fixed income funds 272812778 F Other Investment assets 35927359 F 3145482169 US GOV'T ADVANCES FOR STUDENTS 2284348 INVEST. ON BEHALF OF SUPP ORG 320685960 322970308 412963173 3264052 -4785631 -1521579 414484752 54581146 54581146 469065898 273999800 0 0 273999800 50968943 50968943 324968743 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 XI, Line 2(d) Other amounts included on line 1 LIFE INCOME PAYMENTS AND CHANGE IN PRESENT VALUE ($4,510,766) ADJUSTMENT FOR POST EMPLOYMENT TAX LIABILITY ($1,833,326) GAIN AND NET SETTLEMENT ON INTEREST RATE SWAPS ($ 3,683,098) INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,687,107 CHANGE IN NET ASSETS NOT OWNED BY COLLEGE ($57,752) 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 & INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS - -2823659 ADJUSTMENTS FOR POST-EMPLOYMENT LIABILITIES - -1833326 GAIN AND NET SETTLEMENT ON INTEREST RATE SWAPS - -3683098 CHANGE IN NET ASSETS NOT OWNED BY COLLEGE - -57751 RENTAL EXPENSES - 3612203 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FINANCIAL AID - 54581146 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 54581146 RENTAL EXPENSE - -3612203 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 1528000 Europe (Including Iceland and Greenland) 1 1 Program Services Research 17000 Europe (Including Iceland and Greenland) 1 1 Program Services Administrative Expenses 12000 North America (Canada & Mexico only) 0 0 Program Services Research 8000 Central America and the Caribbean 0 0 Program Services Instruction 1000 Middle East and North Africa 0 0 Program Services Research 5000 East Asia and the Pacific 0 0 Program Services Instruction 10000 East Asia and the Pacific 0 0 Program Services Research 1000 South Asia 0 0 Program Services Research 6000 South Asia 0 0 Program Services Instruction 7000 Sub-Saharan Africa 0 0 Program Services Instruction 39000 Russia and Neighboring States 0 0 Program Services Instruction 3000 Central America and the Caribbean 0 0 Investments 1728216000 Europe (Including Iceland and Greenland) 0 0 Investments 21200000 Sub-Saharan Africa 0 0 Investments 27202000 3 3 0 0 3 3 1778255000 0 1778255000 FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Russia and Neighboring States 7 17990 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Europe (Including Iceland and Greenland) 6 1009124 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS East Asia and the Pacific 29 171168 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Middle East and North Africa 29 3300 CASH PAYMENT N/A FMV FELLOWSHIPS Europe (Including Iceland and Greenland) 30 893053 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) 50500 PROGRAM SUPPORT VILLAGE AMBULANCE SERVICE INC 30 WATER STREET WILLIAMSTOWN MA 01267 042756911 501(C)(3) 37583 PROGRAM SUPPORT WILLIAMSTOWN COMMUNITY CHEST PP BOX 204 WILLIAMSTOWN MA 01267 046044550 501(C)(3) 36455 PROGRAM SUPPORT WILLIAMSTOWN FIRE DISTRICT 34 WATER STREET WILLIAMSTOWN MA 01267 042931280 115 28480 PROGRAM SUPPORT COMMUNITY IMAGES INC 50 SPRING STREET WILLIAMSTOWN MA 01267 043407257 501(C)(3) 30000 PROGRAM SUPPORT WILLINET 34 SPRING STREET WILLIAMSTOWN MA 01267 043253056 501(C)(3) 12500 PROGRAM SUPPORT NORTHERN BERKSHIRE UNITED WAY PO BOX 955 NORTH ADAMS MA 01247 042104785 501(C)(3) 8085 PROGRAM SUPPORT LEVER INC 85 MAIN STREET NORTH ADAMS MA 01247 464159401 501(C)(3) 60000 PROGRAM SUPPORT PROSPECT MOUNTAIN PARTNERS PO BOX 4444 BENNINGTON VT 05201 821194722 501 (C) (3) 450010 PROGRAM SUPPORT DESTINATION WILLIAMSTOWN PO BOX 536 Williamstown MA 01267 472774322 501 (C) (3) 5000 PROGRAM SUPPORT MT GREYLOCK REGIONAL SCHOOL DISTRICT 1781 COLD SPRING ROAD WILLIAMSTOWN MA 01247 046006433 115 539053 PROGRAM SUPPORT WILLIAMSTOWN ELEMENTARY SCHOOL 115 CHURCH STREET WILLIAMSTOWN MA 01247 046001368 115 146527 PROGRAM SUPPORT 9 3 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1015 53379564 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 X true true X X X X false false false false false false false false false MAUD MANDEL PRESIDENT 267104 0 0 0 45605 0 15493 0 27305 0 355507 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 549807 0 525414 0 19331 0 509135 0 27307 0 1630994 0 128975 0 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 418729 0 0 0 19403 0 31010 0 26923 0 496065 0 0 0 MEGAN E MOREY VP OF COLLEGE RELATIONS 348425 0 0 0 20141 0 31010 0 54880 0 454456 0 0 0 STEPHEN P KLASS VP FOR CAMPUS LIFE 340817 0 0 0 2001 0 31010 0 27894 0 401722 0 0 0 KELI A GAIL SECRETARY OF THE COLLEGE 222319 0 0 0 710 0 25010 0 55272 0 303311 0 0 0 MARLENE J SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 258417 0 0 0 1903 0 29630 0 25293 0 315243 0 0 0 DAVID A LOVE PROVOST, PROF OF ECONOMICS 255201 0 0 0 1959 0 29930 0 33868 0 320958 0 0 0 JAMES REISCHE VP OF COMMUNICATIONS 185767 0 0 0 19636 0 23510 0 56575 0 285488 0 0 0 LETICIA Smith-Evans HAYNES VP INSTL. DIVERSITY & EQUITY 199469 0 0 0 251 0 23330 0 32778 0 255828 0 0 0 DENISE K BUELL DEAN OF THE FACULTY, PROF OF RELIGION 230696 0 0 0 361 0 26440 0 17753 0 275250 0 0 0 LEE Y PARK DEAN OF THE FACULTY, PROF OF CHEMISTRY 199575 0 0 0 751 0 22541 0 17386 0 240253 0 0 0 BRADFORD B WAKEMAN MANAGING DIR / COO, INV OFFICE 352234 0 196459 0 1706 0 165541 0 58366 0 774306 0 54220 0 JULIA CROSBY MANAGING DIRECTOR, INV OFFICE 333354 0 197484 0 1752 0 171499 0 18942 0 723031 0 49908 0 ABIGAIL G WATTLEY MANAGING DIRECTOR, INV OFFICE 262748 0 136202 0 0 0 135760 0 4751 0 539461 0 25524 0 ROBERT P VOLPI DIRECTOR OF DINING SERVICES 149386 0 750 0 87280 0 16175 0 8703 0 262294 0 0 0 MONICA M MACKEY DIRECTOR OF PRINCIPAL GIVING 228740 0 0 0 1542 0 26177 0 13199 0 269658 0 0 0 PETER MURPHY PROF ENGLISH/FRMR KEY EMPLOYEE 154153 0 0 0 851 0 17135 0 16759 0 188898 0 0 0 PROTIK K MAJUMDER PROF PHYSICS/FRMR PRESIDENT 300921 0 0 0 763 0 27982 0 41508 0 371174 0 0 0 Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: PRESIDENT MANDEL 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. 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 TWO LISTED OFFICERS RECEIVED A TAXABLE HOUSING ALLOWANCE. THE VALUE OF THE ALLOWANCE IS IMPUTED AS INCOME AND REPORTED ON FOR W-2. THE VALUE OF THE ALLOWANCE IS INCLUDED IN PART II, COLUMN B(III). ON OCCASION, ONE LISTED OFFICER USED COLLEGE RESIDENTIAL PROPERTY FOR PERSONAL USE. THE VALUE OF THE USE IS IMPUTED AS INCOME AND REPORTED ON FORM W-2. THE VALUE OF USE IS INCLUDED IN PART II, COLUMN B(III). Schedule J, Part I, Line 1a Health or social club dues or initiation fees WILLIAMS PAID DUES FOR A WILLIAMSTOWN-BASED PRIVATE ALUMNI CLUB FOR ONE LISTED OFFICER - Maud Mandel, College President. THE AMOUNTS WERE REPORTED AS TAXABLE COMPENSATION. 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 042456011 57586CPX7 2006-04-03 73396573 1996 & 2003 CURRENT REFUNDING false false false B MASS DEVELOPMENT FINANCE AUTHORITY - SERIES O 043431814 57583UAA6 2011-03-24 92077256 CONSTR AND 1993 & 2007 CURRENT REFUNDING false false false C MASS HEALTH & EDU FACILITIES AUTHORITY - SERIES H&I 042456011 57585KW79 2003-04-02 115049757 CONSTRC AND 1993 CURRENT REFUNDING false false false D MASS DEVELOPMENT FINANCE AUTHORITY - SERIES P 043431814 57583UWR5 2013-05-30 148355419 NEW CONSTR & REF 2003, 2006 & 2007 false false false A 50468349 73396573 556293 72840280 2006 true false true true B 12261832 0 92077256 661056 50166200 41250000 2013 true false true true C 95353751 115049757 644884 100699405 13705468 2005 true false true true D 12349110 148355419 840287 67001789 80513343 2015 true true true true A false false false false 0.0 0.0 false false true B false false false false 0.0 0.0 false false true C false false false false 0.0 0.0 false false true D false false false false 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 true false true false false false true C false false false true false false true Trinity 3.0 true false true D false true true false false false false true A true B true C true D true Schedule K, Part IV, Line 2c COLUMN C Issuer name: MASS. HEALTH & EDU FACILITIES AUTHORITY - SERIES H&I The calculation for computing no rebate due was performed on 01/01/2007 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 7756800 0 118161121 621091 70000000 47540030 2018 true false true true B 482000 0 60495031 0 0 0 387376 0 0 60000000 107655 2019 false false true true A false false false false 0.0 false false true B false false false false 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 STEPHEN KLASS OFFICER MORTGAGE ON PRIMARY Residence X 100000 59638 false false true FREDERICK PUDDESTER OFFICER MORTGAGE ON PRIMARY Residence X 100000 81136 false false true DENISE BUELL OFFICER MORTGAGE ON PRIMARY Residence X 81880 57883 false false true DAVID LOVE OFFICER MORTGAGE ON PRIMARY Residence X 100000 71149 false false true PROTIK MAJUMDER OFFICER MORTGAGE ON PRIMARY Residence X 70000 2765 false false true JAMES REISCHE OFFICER MORTGAGE ON PRIMARY Residence X 45000 42837 false false true 315408 NOAH SANDSTROM SPOUSE OF MARLENE J SANDSTROM, OFFICER 135242 EMPLOYMENT AGREEMENT false AIMEE REISCHE SPOUSE OF JAMES REISCHE, OFFICER 53695 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 6 581773 Opinions of experts X 282 10989177 Market value X 3 3000000 Other - NAV 8 false true true Schedule M, Part I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS IN COLUMN B, THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS. 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. There were no contributions of real property during the year. 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 2019. 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. 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 - -4510766; Adjustment for Post Employment Tax Liability - -1833326; Gain or Loss on Financial Contract Swaps - -3683098; Investment Income on Split Interest Agreements - 1687107; Change in Non Controlling interest - -57751; WILLIAMS RENEWABLES MANAGEMENT LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812960740 RENEWABLE ENERGY MA 0 0 WILLIAMS COLLEGE WILLIAMS INN LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 465431139 HOTEL MA 3394769 888831 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 (56) 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 3405804 1 true false false true false false false false false false false false false false false false true false false false WILLIAMS COLLEGE OXFORD PROGRAMME P 1517912 CASH PERPETUAL TRUSTS C 688106 CASH STERLING & FRANCINE CLARK ART INSTITUTE S 100000000 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.