2020-03-13T11:54:20-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2018-07-01 236002304 CORPORATION OF HAVERFORD COLLEGE CORP 6108961223 370 LANCASTER AVENUE HAVERFORD PA 190411392 MITCHELL L WEIN SR VP ADMIN/FINANCE, TREASURER 6108961223 2020-03-12 1 CONNIE M LIRA P00481097 2156433900 2020-03-12 67.137.57.251 2020-03-12 17:23:05 ED P 9A5FD5A28186C0237ADF311F402C5D3C3A194CA8 AF5A13DC0E48FE09847E8A62D6F5A8005A8D5F39 2018 2020-09-23 17:36:50Z HAVERFORD COLLEGE WENDY E RAYMOND 370 LANCASTER AVENUE HAVERFORD PA 190411392 288428514 0 X WWW.HAVERFORD.EDU X 1833 PA LEADING LIBERAL ARTS COLLEGE KNOWN FOR: ACADEMIC RIGOR, HONOR CODE & A BEAUTIFUL ARBORETUM CAMPUS 29 28 1972 1350 -742708 0 35893537 24190117 94173488 98882983 29584922 25667646 329079 669796 159981026 149410542 30320394 31297550 0 0 59808521 61296772 0 0 4371646 44809341 46570760 134938256 139165082 25042770 10245460 763460439 774945833 172142653 171182145 591317786 603763688 X HAVERFORD COLLEGE IS COMMITTED TO PROVIDING A LIBERAL ARTS EDUCATION IN THE BROADEST SENSE. THIS EDUCATION, BASED ON A RICH ACADEMIC CURRICULUM AT ITS CORE, IS DISTINGUISHED BY A COMMITMENT TO EXCELLENCE AND A CONCERN FOR INDIVIDUAL GROWTH. HAVERFORD HAS CHOSEN TO REMAIN SMALL AND TO FOSTER A CLOSE STUDENT/FACULTY RELATIONSHIP TO ACHIEVE THESE OBJECTIVES. THE COLLEGE'S RIGOROUS ACADEMIC PROGRAM IS FLEXIBLE IN FORM AND CONTENT TO MEET THE NEEDS OF INDIVIDUAL STUDENTS, AND RESTS ON THE ASSUMPTION THAT THE ABLE STUDENTS WHO COME HERE WILL USE THEIR CAPABILITIES FULLY. HAVERFORD'S FACULTY IS NOTED FOR ITS STRENGTH IN BOTH SCHOLARSHIP AND TEACHING, AND ITS MEMBERS EXPECT TO TRANSMIT TO STUDENTS THEIR ENTHUSIASM AND HIGH STANDARDS. THE FACULTY MEMBERS ARE TEACHING AT AN UNDERGRADUATE COLLEGE OF ARTS AND SCIENCES BY CHOICE, AND THEY EXPECT TO LEARN, AS WELL AS TO TEACH, IN THIS CLOSE RELATIONSHIP WITH UNDERGRADUATES. 0 0 76368187 31297550 74810610 THE COLLEGE'S ACADEMIC RELATED EXPENDITURES INCLUDE INSTRUCTION (UNDERGRADUATE LIBERAL ARTS), ACADEMIC SUPPORT, FINANCIAL AID, AND RESEARCH EXPENDITURES. THESE EXPENSES SUPPORTED 1,376 STUDENT FTE AND 174.3 FACULTY FTE. THE COLLEGE CONFERRED 321 DEGREES IN 18/19. RESEARCH STIPENDS TOTALING $481,375 WERE AWARDED TO 207 STUDENTS. THE MAJORITY OF RESEARCH AWARDS ARE IN THE NATURAL SCIENCES. FEDERAL FUNDS SUPPORTED 26 GRANTS. OTHER SUPPORT FOR RESEARCH COMES FROM PRIVATE FOUNDATIONS, DONOR DESIGNATED FUNDS AND INTERNALLY DESIGNATED (UNRESTRICTED) FUNDS. THE COLLEGE ALSO SPENT FUNDS ON FINANCIAL AID: HAVERFORD COLLEGE GRANTS TOTALING $30,622,635 WERE AWARDED TO 639 STUDENTS AND FSEOG GRANTS TOTALING $188,940 WERE RECEIVED BY 98 STUDENTS. 22405608 0 22825511 AUXILIARY ENTERPRISES (DORMS, DINING CENTER, FACULTY HOUSING, AND CONFERENCE PROGRAM) HAVERFORD IS A RESIDENTIAL INSTITUTION WHERE MOST OF THE STUDENT BODY LIVE ON CAMPUS AND ACTIVELY PARTICIPATES IN CAMPUS LIFE. THE DORMS HOUSED AN AVERAGE OF 1,277 STUDENTS; AND AN AVERAGE OF 1,159 WERE ON A MEAL PLAN. HAVERFORD PROVIDED 69 SPACES FOR RENT TO THE FACULTY TO FOSTER EDUCATIONAL INTERACTION WITH STUDENTS. 14302497 0 2063923 STUDENT SERVICES - DEAN, REGISTRAR, COUNSELING, CAREER DEVELOPMENT, HEALTH SERVICES, ATHLETICS, DISABILITY SERVICES, SECURITY AND MISCELLANEOUS SERVICES. WHILE THESE OFFICES SUPPORT STUDENT HEALTH, DEVELOPMENT AND WELL-BEING IN DIFFERENT WAYS, THEY ALL SHARE AN APPROACH THAT IS BASED ON RESPECT FOR STUDENT CHOICES AND A FUNDAMENTAL COMMITMENT TO THE IMPORTANCE OF EDUCATION IN THE DECISION-MAKING PROCESS. THE STAFF OF THESE OFFICES ARE COMMITTED TO HELPING STUDENTS ACHIEVE THEIR POTENTIAL BOTH AS INDIVIDUALS AND AS MEMBERS OF THE COMMUNITY. THE RECENT 6-YEAR GRADUATION RATES FOR THE COLLEGE HAVE BEEN 90% OR HIGHER. BASED ON THE ENTIRE CLASS OF 2018, 18% PROCEEDED DIRECTLY TO GRADUATE/PROFESSIONAL SCHOOL AND 68% WERE EMPLOYED, UNDERTAKING VOLUNTEER WORK OR AWARDED A FELLOWSHIP WITHIN SIX MONTHS OF GRADUATION. IN ADDITION, HAVERFORD COLLEGE GRADUATES EARNED A TOTAL OF 640 DOCTORATES FOR THE 15 YEAR PERIOD (2004-2018), WHICH EQUATES TO A 14.8% RATE OF DOCTORAL PRODUCTION. THIS RATE PLACES HAVERFORD COLLEGE 6TH AMONG ALL LIBERAL ARTS COLLEGES FOR THIS TIME PERIOD. 113076292 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 1 X 2284 0 1972 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 KY MD MA MI NH NJ NY OH OK OR SC X X MITCHELL L WEIN 6108961223 370 LANCASTER AVENUE HAVERFORD PA 190411392 ANDERSON MARK G BOARD OF MANAGERS 2.00 0.00 X 0 0 0 BEEVER CHARLES G BOARD OF MANAGERS 2.00 0.00 X 0 0 0 BEGLEITER STEVEN L BOARD OF MANAGERS 2.00 0.00 X 0 0 0 BERNSTEIN SETH P BOARD OF MANAGERS 2.00 0.00 X 0 0 0 BOYER JAMES L BOARD OF MANAGERS 2.00 0.00 X 0 0 0 CHATTERJEE ANJAN K BOARD OF MANAGERS 2.00 0.00 X 0 0 0 EVANS JONATHAN WOOD BOARD OF MANAGERS 2.00 0.00 X 0 0 0 GAMSE JONATHAN M BOARD OF MANAGERS 2.00 0.00 X 0 0 0 GANT CHRISTOPHER T BOARD OF MANAGERS 2.00 0.00 X 0 0 0 GORCHOW BRUCE D BOARD OF MANAGERS 2.00 0.00 X 0 0 0 HAMMERMAN CLAUDIA L BOARD OF MANAGERS 2.00 0.00 X 0 0 0 KAFKER ROGER B BOARD OF MANAGERS 2.00 0.00 X 0 0 0 MITCHELL BEATRICE BOARD OF MANAGERS 2.00 0.00 X 0 0 0 REECE NORVAL D BOARD OF MANAGERS 2.00 0.00 X 0 0 0 RITCHOTTE HENRY J BOARD OF MANAGERS 2.00 0.00 X 0 0 0 SATTERTHWAITE ANN V BOARD OF MANAGERS 2.00 0.00 X 0 0 0 SHIBULAL SHIBU BOARD OF MANAGERS 2.00 0.00 X 0 0 0 SILBER JANE BOARD OF MANAGERS 2.00 0.00 X 0 0 0 SPEARS JOHN BOARD OF MANAGERS 2.00 0.00 X 0 0 0 TAYLOR JOHN R BOARD OF MANAGERS 2.00 0.00 X 0 0 0 WARREN VINCE BOARD OF MANAGERS 2.00 0.00 X 0 0 0 WOLFSON NANCY BOARD OF MANAGERS 2.00 0.00 X 0 0 0 ZOIDIS PAUL BOARD OF MANAGERS 2.00 0.00 X 0 0 0 JENKINS GARRY W BOARD OF MANAGERS, VICE CHAIR 2.00 0.00 X X 0 0 0 WHITE III ALLAN 'RICK' BOARD OF MANAGERS, CHAIR 2.00 0.00 X X 0 0 0 CHRISTENSEN GINNY BOARD OF MANAGERS, SECRETARY 2.00 0.00 X X 0 0 0 PERKINS JENNIFER S BOARD OF MANAGERS, ASSISTANT CLERK 2.00 0.00 X X 0 0 0 BROOKS AMY TAYLOR BOARD OF MANAGERS, CLERK 2.00 0.00 X X 0 0 0 BENSTON KIMBERLY W PRESIDENT 50.00 0.00 X X 480063 0 78112 WEIN MITCHELL L SENIOR VP ADMIN/FINANCE, TREASURER 50.00 0.00 X 345168 0 94278 CASEL MICHAEL H CHIEF INVEST OFFICER, ASST TREASURER 50.00 0.00 X 294639 0 65697 FIGUEREDO ANN VP INST ADVANCEMENT, ASST SECRETARY 50.50 0.00 X 250227 0 40577 LYTLE JESSE H VP/CHIEF OF STAFF, ASST SECRETARY 50.00 0.00 X 145986 0 48892 FULLAM DEBORAH R ASSOCIATE VP, ASSISTANT TREASURER 50.00 0.00 X 150631 0 29262 ALBERTSON TERRI AVP OF FINANCE/CONTROLLER 50.00 0.00 X 148448 0 40703 LORD JESS H VP/DEAN OF ADMISSIONS/FINANCIAL AID 50.00 0.00 X 197863 0 50082 BLASE FRANCES ROSE PROVOST 50.00 0.00 X 187957 0 50336 FITCH MEGAN E CHIEF INFORMATION OFFICER 50.00 0.00 X 182888 0 32910 DENNEY MARTHA DEAN OF COLLEGE 50.00 0.00 X 178672 0 41980 CAMPBELL JR DONALD B DIRECTOR OF FACILITIES MANAGEMENT 50.00 0.00 X 154800 0 19200 GANGADEAN ASHOK PROFESSOR 50.00 0.00 X 167904 0 37922 FREEDMAN RICHARD PROFESSOR 50.00 0.00 X 171028 0 35553 SHARBAUGH CATHERINE DIRECTOR OF HEALTH SERVICES 50.00 0.00 X 199597 0 24395 PRESTON ANNE PROFESSOR 50.00 0.00 X 167042 0 39687 GERSTEIN LINDA PROFESSOR 50.00 0.00 X 173616 0 29784 3596529 0 759370 95 0 1 0 THE WHITING-TURNER CONTRACTING CO 300 E JOPPA ROAD 8TH FLOOR BALTIMORE MD 21286 CONTRACTOR SERVICES 9034089 PERRY DEAN ROGERS & PTNRS ARCHITECTS 177 MILK STREET BOSTON MA 02109 ARCHITECTURAL SERVICES 914193 DELRAN BUILDERS COMPANY INC 7909 FLOURTOWN AVENUE WYNDMOOR PA 19038 CONTRACTOR SERVICES 783653 JOHN B WARD COMPANY 400 W CHURCH ROAD KING OF PRUSSIA PA 19406 TREE MAINTENANCE 462879 RADIUS SYSTEMS 101 PONDS EDGE DRIVE STE 201 CHARDS FORD PA 19317 HVAC SERVICES 462183 31 1227237 22962880 2502831 24190117 TUITION AND FEES 611310 73355953 73355953 DORMS 900099 11993359 11993359 DINING 900099 8696842 6853631 1843211 GRANT CONTRACTS 900099 1454657 1454657 CONFERENCES 900099 975337 13116 962221 2406835 2406835 98882983 6273058 -770108 7043166 38597 38597 344404 0 344404 344404 344404 157732377 131692 138508078 0 19224299 131692 19355991 14284 19341707 18225 10000 8225 8225 817061 499894 317167 317167 149410542 96381602 -742708 29581531 28618971 28618971 2678579 2678579 3659108 509628 2604791 544689 42645167 34113543 6396257 2135367 4105302 3283992 615746 205564 7608379 6086241 1141164 380974 3278816 2622854 491782 164180 339993 13559 323334 3100 201128 201128 651223 651223 4451793 3365898 945154 140741 77434 47935 27858 1641 3134132 1835991 1132763 165378 1507427 713322 681564 112541 5445145 2841569 2590334 13242 1899253 1589222 149820 160211 1980344 1398750 372435 209159 6530637 6132268 398369 8749970 8216222 533748 971183 705194 265853 136 SUPPLIES/MINOR EQUIP 2471412 1687725 723631 60056 DINING 2300209 2300209 STUDY ABROAD EXPENSES 1878858 1878858 LIBRARY 1319390 1319390 2661229 1116372 1470190 74667 139165082 113076292 21717144 4371646 8888420 8156417 20467150 10188027 8690894 12295554 2684919 3542485 259122 246662 727041 693109 538980 578551 1237803 676138 347671310 162133703 166963467 185537607 180373527 184631572 359617529 368293537 13011587 106174 763460439 774945833 7652037 7714944 3253046 1549686 147602485 146314073 13635085 15603442 172142653 171182145 X 160180701 154771827 166235640 172919534 264901445 276072327 591317786 603763688 763460439 774945833 X 10245460 3746507 -1546065 X 0 1 X 1 1 1 X 32967497 31941484 30401725 35893537 24190117 155394360 32967497 31941484 30401725 35893537 24190117 155394360 27590581 127803779 10515172 5869751 3445467 5645416 7426167 32901973 90366 277951 15619 383936 4654 4654 188684923 446160894 0.67730 0.66040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2016 AMOUNT: $ 4,654. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART II-B, LINE 1: HAVERFORD PAYS MEMBERSHIP DUES TO NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) AND NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO); THESE MEMBERSHIP ORGANIZATIONS MAY ENGAGE IN LOBBYING ACTIVITIES TO SUPPORT THE HIGHER EDUCATION INDUSTRY, AS SUCH A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. HAVERFORD HAS NO DIRECT LOBBYING ACTIVITY OR ANY CONTROL OVER THE LOBBYING ACTIVITIES PERFORMED BY THESE MEMBERSHIP ORGANIZATIONS. 2 400441 100000 319201 1 1 366502 5645380 X X X 0 1 920579 1044917 920579 1044917 0 518885600 6173080 28355450 6093045 19325027 1114668 526881390 501738232 5554094 38155611 5867296 19404746 1290295 518885600 462416786 9072007 53313849 5558400 16321658 1184352 501738232 483411952 16591492 -18222620 5115752 13081280 1167006 462416786 488089129 10976795 1743301 4942593 10240855 2033825 483591952 0.26530 0.50430 0.23040 0 0 720688 720688 207523210 94104830 113418380 36051875 26803442 9248433 103375537 41225431 62150106 185537607 EQUITY AND FIXED INCOME FUNDS 211294356 F PRIVATE EQUITY 44257229 F HEDGE AND REAL ESTATE FUNDS 97358111 F OTHER SECURITIES 15383841 F 368293537 FEDERAL STUDENT LOAN ADVANCES 105407 INTEREST RATE SWAP LIABILITIES 9267476 LIABILITIES UNDER PLANNED GIVING ARRANGEMENTS 4681097 CONDITIONAL ASSET RETIREMENT OBLIGATION 661072 REFUNDABLE ADVANCE THORNE SCHOOL 381053 FUNDS HELD IN CUSTODY OF OTHERS 430192 SECURITY DEPOSIT 46718 ONECARD LIABILITY, CASH VALUE 30427 15603442 X 120189214 3746507 -32361348 -28614841 148804055 651225 -44738 606487 149410542 107744031 511480 511480 107232551 651225 31281306 31932531 139165082 PART III, LINE 4: SPECIAL COLLECTIONS OF ART AND HISTORICAL TREASURES SERVE TO ADVANCE SCHOLARSHIP AND TO FURTHER TEACHING, RESEARCH AND SERVICE. SPECIAL COLLECTIONS RANGE FROM QUAKER COLLECTIONS TO HAVERFORD ARCHIVES TO RARE MANUSCRIPTS TO FINE ART ASSETS. THE QUAKER COLLECTION CONSISTS OF MANUSCRIPTS AS WELL AS NUMEROUS PHOTOGRAPHS, WORKS OF ART, ARTIFACTS, FURNITURE AND FILMS. THE HAVERFORD ARCHIVES INCLUDE AMERICAN AND ENGLISH LITERATURE, HISTORY AND POLITICS. TODAY, THE COLLECTIONS OF FINE ART ENCOMPASSES THREE AREAS: MATERIAL IN SUPPORT OF THE COLLEGE CURRICULA, MATERIAL THAT DOCUMENTS HAVERFORD'S HISTORY, AND MATERIAL THAT DOCUMENTS THE HISTORY OF QUAKERISM. PART IV, LINE 1B: HAVERFORD IS THE TRUSTEE OF THE WILLIAM MAUL MEASEY TRUST. THE COLLEGE IS ENTITLED TO 60% OF THE GROSS INCOME OF THE TRUST AND INCLUDES 60% OF THE TRUST ASSETS IN ITS FINANCIAL STATEMENTS AND FORM 990. THE REMAINING 40% OF THE GROSS INCOME IS DISTRIBUTED TO SECONDARY SCHOOLS FOR STUDENT FINANCIAL AID. AS OF JUNE 30, 2019, 40% OF THE TRUST ASSETS (FMV) WAS $53,401,387. THE 40% TRUST INCOME DISTRIBUTED TO THE SCHOOLS IS REPORTED IN PART IV, LINE 1E. THE SECONDARY SCHOOLS THAT RECEIVE TRUST INCOME ARE GEORGE SCHOOL, WESTTOWN SCHOOL, SCATTERGOOD FRIENDS AND OLNEY FRIENDS. PART V, LINE 4: HAVERFORD SPENDS A PRUDENT AMOUNT OF ITS ENDOWMENT INCOME ANNUALLY TO SUPPORT THE EDUCATIONAL MISSION OF THE COLLEGE IN ACCORDANCE WITH DONOR RESTRICTIONS AND INTERNAL DESIGNATIONS. THE ENDOWMENT RESTRICTED DONOR DESIGNATIONS INCLUDE SCHOLARSHIPS, INSTRUCTIONAL PURPOSES, PROFESSORSHIPS, LIBRARY, RESEARCH, AND GENERAL EDUCATIONAL PURPOSES. PART X, LINE 2: THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2019, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE FILES INFORMATION TAX RETURNS IN THE UNITED STATES OF AMERICA AND VARIOUS STATES. THE COLLEGE IS GENERALLY NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS -30,816,175. NET LOSS FROM CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -2,217,181. CHANGE IN VALUE OF LIFE INCOME 841,953. NEW LIFE INCOME GIFT LIABILITY -171,531. ELIMINATION ENTRY BETWEEN COLLEGE AND DISREGARDED ENTITY 1,586. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE DIRECT EXPENSES -499,894. DIRECT SPECIAL EVENT EXPENSE -10,000. OTHER INVESTMENT EXPENSES 463,443. DISREGARDED ENTITY REVENUE 1,713. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE DIRECT EXPENSES 499,894. ELIMINATION ENTRY BETWEEN COLLEGE AND DISREGARDED ENTITY 1,586. DIRECT SPECIAL EVENT EXPENSE 10,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 30,816,175. DISREGARDED ENTITY EXPENSES 1,688. OTHER INVESTMENT EXPENSES 463,443. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SUCH A POLICY IS POSTED ON HAVERFORD'S WEBSITE AS WELL AS PUBLISHED IN HAVERFORD'S CATALOG AND OTHER ADMISSIONS LITERATURE. ALSO, THE POLICY IS PUBLISHED IN NEWSPAPERS AND/OR THE INTERNET WHEN ADVERTISING FOR EMPLOYMENT. SCHEDULE E, PART I, LINE 6 FEDERAL WORK STUDY $109,514, FEDERAL SUPPLEMENTAL OPPORTUNITY GRANT (FSEOG) $188,940, PELL GRANT $1,039,869, PHEAA-FWS MATCH $11,705, PHEAA INSTITUTIONAL ASSISTANCE GRANT (IAG) $26,814. 1 CENTRAL AMERICA & THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS 71131 EAST ASIA & THE PACIFIC 0 0 GRANTS TO RECIPIENTS 418580 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS 624187 MIDDLE EAST & NORTH AFRICA 0 0 GRANTS TO RECIPIENTS 73889 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS 2200 RUSSIA & NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS 214026 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS 272619 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS 434562 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS 567385 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNSHIPS 24860 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES INTERNSHIPS 12730 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INTERNSHIPS 24443 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES INTERNSHIPS 21673 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNSHIPS 39043 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNSHIPS 4250 SOUTH ASIA 0 0 PROGRAM SERVICES INTERNSHIPS 15286 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INTERNSHIPS 58521 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL SERVICES 19593 NORTH AMERICA 0 0 PROGRAM SERVICES PROFESSIONAL SERVICES 2830 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES PROFESSIONAL SERVICES 2160 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES PROGRAM TRAVEL 23847 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES PROGRAM TRAVEL 37461 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROGRAM TRAVEL 198724 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES PROGRAM TRAVEL 19009 NORTH AMERICA 0 0 PROGRAM SERVICES PROGRAM TRAVEL 69159 SOUTH AMERICA 0 0 PROGRAM SERVICES PROGRAM TRAVEL 14544 SOUTH ASIA 0 0 PROGRAM SERVICES PROGRAM TRAVEL 27654 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES PROGRAM TRAVEL 20603 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FEES 406010 ANTARCTICA 0 0 FUNDRAISING 494 CENTRAL AMERICA & THE CARIBBEAN 0 0 FUNDRAISING 2163 EAST ASIA & THE PACIFIC 0 0 FUNDRAISING 2494 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 14272 MIDDLE EAST & NORTH AFRICA 0 0 FUNDRAISING 250 NORTH AMERICA 0 0 FUNDRAISING 20679 SOUTH ASIA 0 0 FUNDRAISING 3936 CENTRAL AMERICA & THE CARIBBEAN 0 0 INVESTMENTS 34657713 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 11998146 NORTH AMERICA 0 0 INVESTMENTS 1876983 0 0 0 0 0 0 2111194 50186915 52298109 HAVERFORD GRANT (SCHOLARSHIPS) CENTRAL AMERICA & THE CARIBBEAN 1 71131 CASH PAYMENT HAVERFORD GRANT (SCHOLARSHIPS) EAST ASIA & THE PACIFIC 6 382887 CASH PAYMENT HAVERFORD GRANT (SCHOLARSHIPS) EUROPE (INCLUDING ICELAND & GREENLAND) 10 617183 CASH PAYMENT HAVERFORD GRANT (SCHOLARSHIPS) RUSSIA & NEIGHBORING STATES 4 209266 CASH PAYMENT HAVERFORD GRANT (SCHOLARSHIPS) SOUTH AMERICA 4 265519 CASH PAYMENT HAVERFORD GRANT (SCHOLARSHIPS) SOUTH ASIA 7 417754 CASH PAYMENT HAVERFORD GRANT (SCHOLARSHIPS) SUB-SAHARAN AFRICA 8 559650 CASH PAYMENT HAVERFORD GRANT (SCHOLARSHIPS) MIDDLE EAST & NORTH AFRICA 1 71702 CASH PAYMENT RESEARCH STIPEND EAST ASIA & THE PACIFIC 17 35693 CASH PAYMENT RESEARCH STIPEND EUROPE (INCLUDING ICELAND & GREENLAND) 3 7004 CASH PAYMENT RESEARCH STIPEND MIDDLE EAST & NORTH AFRICA 1 2187 CASH PAYMENT RESEARCH STIPEND NORTH AMERICA 1 2200 CASH PAYMENT RESEARCH STIPEND RUSSIA & NEIGHBORING STATES 1 4760 CASH PAYMENT RESEARCH STIPEND SOUTH ASIA 5 16808 CASH PAYMENT RESEARCH STIPEND SUB-SAHARAN AFRICA 3 7735 CASH PAYMENT RESEARCH STIPEND SOUTH AMERICA 1 7100 CASH PAYMENT 1 0 0 0 1 0 PART I, LINE 2: THE PROCEDURES TO MONITOR COLLEGE SCHOLARSHIPS (GRANT AID) AWARDED TO NONRESIDENT ALIENS ARE THE SAME FOR PROCEDURES AS SCHOLARSHIPS AWARDED TO THE CITIZENS OF THE UNITED STATES. HAVERFORD COLLEGE SCHOLARSHIPS ARE BASED SOLELY ON NEED. HAVERFORD DOES NOT AWARD ANY GRANT AID BASED ON MERIT. APPLICANTS CAN BE ASKED TO FILE THE COLLEGE BOARD PROFILE AND THE FAFSA. IF ELIGIBLE FOR FEDERAL AID, PARENT AND STUDENT PERSONAL AND BUSINESS TAX RETURNS MUST BE PROVIDED. SUPPLEMENTS FOR BUSINESS AND FORMS FOR NON-CUSTODIAL PARENTS MAY ALSO BE REQUIRED BASED ON CIRCUMSTANCES. STUDENTS MAY APPEAL AWARD DECISIONS TO THE FINANCIAL AID COMMITTEE INCLUDING THE VICE PRESIDENT AND DEAN OF ADMISSION AND FINANCIAL AID, THE DEAN OF THE COLLEGE, AND THE SENIOR VICE PRESIDENT FOR ADMINISTRATION AND FINANCE. HAVERFORD SCHOLARSHIPS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT FOR TUITION, ROOM, BOARD, FEES AND OTHER BILLED CHARGES. GOLF OUTING 18225 0 18225 900 9100 18225 18225 900 9100 10000 8225 1 HAVERFORD COLLEGE SCHOLARSHIPS TO STUDENTS 598 28027543 RESEARCH STIPENDS TO STUDENTS 175 397888 FEDERAL SEOG TO STUDENTS 98 188940 BECKMAN SCHOLARS PROGRAM 1 4600 PART I, LINE 2: HAVERFORD COLLEGE SCHOLARSHIPS ARE BASED SOLELY ON NEED. HAVERFORD DOES NOT AWARD ANY GRANT AID BASED ON MERIT. APPLICANTS CAN BE ASKED TO FILE THE COLLEGE BOARD PROFILE AND THE FAFSA. IF ELIGIBLE FOR FEDERAL AID, PARENT AND STUDENT PERSONAL AND BUSINESS TAX RETURNS MUST BE PROVIDED. SUPPLEMENTS FOR BUSINESS AND FORMS FOR NON-CUSTODIAL PARENTS MAY ALSO BE REQUIRED BASED ON CIRCUMSTANCES. STUDENTS MAY APPEAL AWARD DECISIONS TO THE FINANCIAL AID COMMITTEE INCLUDING THE VICE PRESIDENT AND DEAN OF ADMISSION AND FINANCIAL AID, THE DEAN OF THE COLLEGE, AND THE SENIOR VICE PRESIDENT FOR ADMINISTRATION AND FINANCE. HAVERFORD SCHOLARSHIPS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT FOR TUITION, ROOM, BOARD, FEES AND OTHER BILLED CHARGES. SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG) ARE AWARDED BASED ON FAMILY CONTRIBUTION. ELIGIBILITY IS DETERMINED BY THE FAFSA AND REGULATIONS DETERMINED BY THE U.S. DEPARTMENT OF EDUCATION. PER THE DEPARTMENT OF EDUCATION REGULATIONS, STUDENTS WHO RECEIVE PELL GRANTS MUST BE PROVIDED SEOG FUNDS FIRST. IF THE STUDENT IS SELECTED TO RECEIVE THESE AWARDS OTHER VERIFICATION FORMS MAY BE REQUIRED INCLUDING THE VERIFICATION STATEMENT, PARENT AND STUDENT TAX RETURNS, AND NON-TAX FILER STATEMENTS. SEOG AWARDS ARE CREDITED DIRECTLY TO THE STUDENTS ACCOUNT FOR TUITION, ROOM, BOARD AND OTHER BILLED CHARGES. SEOG AWARDS ARE AUDITED ANNUALLY BY THE COLLEGE'S OUTSIDE AUDITORS IN CONJUNCTION WITH THE SINGLE AUDIT. X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 BENSTON KIMBERLY W PRESIDENT 473234 0 0 0 6829 0 53903 0 24209 0 558175 0 0 0 WEIN MITCHELL L SENIOR VP ADMIN/FINANCE, TREASURER 345168 0 0 0 0 0 39600 0 54678 0 439446 0 0 0 CASEL MICHAEL H CHIEF INVEST OFFICER, ASST TREASURER 294609 0 0 0 30 0 34371 0 31326 0 360336 0 0 0 FIGUEREDO ANN VP INST ADVANCEMENT, ASST SECRETARY 249352 0 0 0 875 0 28828 0 11749 0 290804 0 0 0 LYTLE JESSE H VP/CHIEF OF STAFF, ASST SECRETARY 145986 0 0 0 0 0 18020 0 30872 0 194878 0 0 0 FULLAM DEBORAH R ASSOCIATE VP, ASSISTANT TREASURER 150631 0 0 0 0 0 17903 0 11359 0 179893 0 0 0 ALBERTSON TERRI AVP OF FINANCE/CONTROLLER 148448 0 0 0 0 0 17775 0 22928 0 189151 0 0 0 LORD JESS H VP/DEAN OF ADMISSIONS/FINANCIAL AID 197863 0 0 0 0 0 23264 0 26818 0 247945 0 0 0 BLASE FRANCES ROSE PROVOST 186457 0 0 0 1500 0 21510 0 28826 0 238293 0 0 0 FITCH MEGAN E CHIEF INFORMATION OFFICER 182858 0 0 0 30 0 21452 0 11458 0 215798 0 0 0 DENNEY MARTHA DEAN OF COLLEGE 170062 0 0 0 8610 0 20527 0 21453 0 220652 0 0 0 CAMPBELL JR DONALD B DIRECTOR OF FACILITIES MANAGEMENT 153300 0 0 0 1500 0 17863 0 1337 0 174000 0 0 0 GANGADEAN ASHOK PROFESSOR 167904 0 0 0 0 0 19723 0 18199 0 205826 0 0 0 FREEDMAN RICHARD PROFESSOR 168028 0 0 0 3000 0 19949 0 15604 0 206581 0 0 0 SHARBAUGH CATHERINE DIRECTOR OF HEALTH SERVICES 81922 0 0 0 117675 0 10122 0 14273 0 223992 0 0 0 PRESTON ANNE PROFESSOR 149787 0 0 0 17255 0 18296 0 21391 0 206729 0 0 0 GERSTEIN LINDA PROFESSOR 173616 0 0 0 0 0 20293 0 9491 0 203400 0 0 0 PART I, LINE 1A NON-TAXABLE HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: AS A CONDITION OF EMPLOYMENT, PRESIDENT BENSTON RESIDES ON CAMPUS FREE OF RENT. DEAN OF THE COLLEGE MARTHA DENNEY RESIDES ON THE COLLEGE'S CAMPUS AT A SUBSIDIZED RENT. PERSONAL SERVICES - MAID: CLEANING OF THE PERSONAL SPACE IN THE PRESIDENT'S HOUSE WAS DONE BY A COLLEGE EMPLOYEE AND THE AMOUNT WAS INCLUDED AS TAXABLE INCOME ON THE PRESIDENT'S W-2. SOCIAL CLUB DUES: THE SOCIAL CLUB DUES OF THE PRESIDENT ARE PAID BY THE COLLEGE AND INCLUDED AS TAXABLE INCOME ON THE PRESIDENT'S W-2. THE PRESIDENT RECEIVED GROSS UP PAYMENTS FOR THE TAXABLE PORTION OF HOUSEKEEPING AND SOCIAL CLUB DUES. PART I, LINE 4B PRESIDENT KIMBERLY W. BENSTON $22,653 SVP ADMIN/FINANCE MITCHELL L. WEIN $8,349 CHIEF INVESTMENT OFFICER MICHAEL H. CASEL $3,121. A DELAWARE COUNTY AUTHORITY 231973437 246003LX3 2010-04-29 44944290 NEW DORM AND PARTIAL REFUND 2008 BONDS 1 0 0 B DELAWARE COUNTY AUTHORITY 231973437 246003NJ2 2017-02-28 110381164 REFUND PORTION 2008 BONDS, 2010 BONDS, ALL 2010A BONDS 0 0 0 C DELAWARE COUNTY AUTHORITY 231973437 2017-02-28 29845000 PART REFUND 2008 BONDS: RENOVATION OF SHARPLESS HALL, RYAN GYM/VCAM, DINING 0 0 0 A 1744570 34090000 44944290 1533228 531618 13879444 29000000 2012 1 0 1 1 B 2156697 110381164 734217 109646947 2017 1 1 1 1 C 29845000 170016 102807 40000 18756543 6702192 4073442 1 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 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 1 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, LINE 2C: DELAWARE COUNTY AUTHORITY - 4/29/2010 $44,944,290 - HAVERFORD COLLEGE ENGAGED ARC TO PERFORM THE ARBITRAGE CALCULATION FOR THE 2010 BONDS FOR 4/29/2010 THROUGH 4/29/2015, AND NO ARBITRAGE REBATE WAS DUE. SCHEDULE K, PART IV, LINE 2C: DELAWARE COUNTY AUTHORITY - 2/28/17 $110,381,164 - ARBITRAGE CALCULATION WAS COMPLETED BY PFM DATED OCTOBER 31, 2019. THE REPORT INDICATED THAT THERE WAS NO LIABILITY FOR THE PERIOD FEBRUARY 28, 2017 TO OCTOBER 1, 2019. SCHEDULE K, PART IV, LINE 2C: DELAWARE COUNTY AUTHORITY - 2/28/2017 $29,845,000 - ARBITRAGE CALCULATION WAS COMPLETED BY PFM DATED NOVEMBER 8, 2019. THE REPORT INDICATED THAT THERE WAS NO LIABILITY FOR THE PERIOD FEBRUARY 28, 2017 TO OCTOBER 1, 2019. MICHAEL H CASEL OFFICER HOME MORTGAGE X 300000 246662 0 0 1 246662 X 5 365302 APPRAISED VALUE X 1 1200 COST VALUE X 496280 APPRAISED VALUE X 144 1638626 FAIR MARKET VALUE X 3 1423 COST VALUE 5 0 1 0 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS IN EACH CATEGORY. FORM 990, PART V, LINE 1A: THE TOTAL NUMBER REPORTED IN BOX 3 OF ALL 2018 FORM 1096 FILINGS IS 2,284, THIS IS WHAT IS REPORTED ON FORM 990, PART V, LINE 1A. INCLUDED IN THIS TOTAL ARE 1,686 FORM 1098-T FILINGS. FORM 990, PART VI, SECTION A, LINE 6 HAVERFORD HAS ONE CLASS OF MEMBERS WHO MAY INCLUDE ANY MEMBER OF THE RELIGIOUS SOCIETY OF FRIENDS, ANYONE WHO HAS SERVED AS PRESIDENT OF HAVERFORD OR AS A MEMBER OF THE BOARD OF MANAGERS FOR AT LEAST SIX CONSECUTIVE YEARS. IN ADDITION, THE PRESIDENT OF HAVERFORD, THE CLERK, THE ASSISTANT CLERK, AND THE SECRETARY OF HAVERFORD, AND FOUR MEMBERS OF THE BOARD OF MANAGERS NOMINATED BY THE BOARD OF MANAGERS SHALL BE MEMBERS OF HAVERFORD SO LONG AS THEY HOLD SUCH POSITIONS. HAVERFORD MAY PERMIT, IN EXCEPTIONAL CASES, PERSONS NOT MEMBERS OF A MONTHLY MEETING, YET GROUNDED IN THE FAITH AND PRACTICE OF FRIENDS, TO BE TREATED AS MEMBERS OF THE RELIGIOUS SOCIETY OF FRIENDS. THE MEMBERS SEEK, BY ADVICE AND EXAMPLE, TO STRENGTHEN AND ENRICH HAVERFORD'S QUAKER HERITAGE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS FORMALLY ELECT ALL THE MEMBERS OF THE BOARD, INCLUDING THOSE NOMINATED BY HAVERFORD, BY THE BOARD AND BY THE ALUMNI ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B ANY AND ALL AMENDMENTS TO THE BYLAWS MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN HAVERFORD PROVIDES THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW AND DISCUSSION PRIOR TO ITS FURTHER DISSEMINATION TO THE BOARD. THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF MANAGERS PRIOR TO ITS FILING. CONSISTENT WITH THE COLLEGE'S LONG STANDING COMMITMENT TO HONOR THE REQUESTS FROM THE DONORS THAT WISH TO PHILANTHROPICALLY SUPPORT THE COLLEGE ANONYMOUSLY, SCHEDULE B IS EXCLUDED, PRIOR TO DISTRIBUTION TO THE AUDIT COMMITTEE AND TO THE FULL BOARD, HOWEVER, THREE BOARD MEMBERS (THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD, AND THE CHAIR OF THE AUDIT COMMITTEE) PLUS THREE COLLEGE OFFICERS (THE PRESIDENT, THE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT, THE SENIOR VICE PRESIDENT FOR ADMINISTRATION AND FINANCE), WILL REVIEW THE ENTIRE FORM 990, INCLUDING AN UN-REDACTED SCHEDULE B AND THEREBY SEE THE COMPLETE FORM 990, INCLUDING THE SCHEDULES. IN ADDITION, THE ASSISTANT VICE PRESIDENT FOR FINANCE AND CONTROLLER REVIEWS THE ENTIRE FORM 990, IN THAT, SHE IS INTEGRAL TO THE PREPARATION OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR A CONFLICT OF INTEREST QUESTIONNAIRE IS HANDED OUT AND SENT ELECTRONICALLY TO BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. THE PRESIDENT'S OFFICE TRACKS AND ENSURES COMPLIANCE WITH COMPLETING AND SUBMITTING THE CONFLICT OF INTEREST QUESTIONNAIRE. IN ADDITION, THE POLICY REQUIRES THAT POTENTIAL CONFLICTS BE REPORTED THROUGHOUT THE YEAR AS THEY ARISE AS WELL AS FOR PERIODIC REVIEWS LOOKING TO IDENTIFY POTENTIAL CONFLICTS. THE BOARD OF DIRECTORS MAKES THE DETERMINATION AS TO WHETHER A CONFLICT EXISTS OR NOT. IF A CONFLICT WERE TO ARISE AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING FOR INVESTIGATION AND RESOLUTION. AFTER THE PRESENTATION THE INTERESTED PERSON WOULD REMOVE THEMSELVES FROM THE MEETING DURING THE FINAL DELIBERATIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED AFTER AN ANNUAL REVIEW BY THE BOARD'S COMMITTEE ON PRESIDENTIAL COMPENSATION AND REVIEW. THE REVIEW ALONG WITH PRIVATE COLLEGE EXECUTIVE COMPENSATION SURVEYS HELP DETERMINE THE PRESIDENT'S SALARY. THE PRESIDENTIAL REVIEW COMMITTEE REPORTS ON THESE PROCEDURES TO THE BOARD IN EXECUTIVE SESSION. THE DELIBERATION AND FINAL DETERMINATIONS ARE TIMELY DOCUMENTED. THE PROCESS AS STATED HERE LAST TOOK PLACE APRIL, 2018, WHICH IS THE MOST RECENT DATE THAT HAVERFORD'S PRESIDENT CONTINUED INTO THE NEXT FISCAL YEAR. THE COMPENSATION FOR INCOMING PRESIDENT WENDY RAYMOND WAS DETERMINED BY THE BOARD USING A SIMILAR BENCHMARK PROCESS BUT WITHIN THE HIRING NEGOTIATIONS. FORM 990, PART VI, SECTION B, LINE 15B: THE PRESIDENT REPORTS TO THE BOARD COMMITTEE INFORMATION REGARDING THE ANNUAL PROCESS FOR DETERMINING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES AS NOTED ON FORM 990, PART VII. THE PRESIDENTIAL REVIEW COMMITTEE REPORTS ON THESE PROCEDURES TO THE BOARD IN EXECUTIVE SESSION. THE DELIBERATION AND FINAL DETERMINATIONS ARE TIMELY DOCUMENTED. THE PROCESS AS STATED HERE LAST TOOK PLACE APRIL, 2019. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE GENERAL PUBLIC THROUGH OUR WEBSITE AND UPON REQUEST. THE COLLEGE'S FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO THE GENERAL PUBLIC ON GUIDESTAR'S WEBSITE. CURRENTLY THE COLLEGE DOES NOT PUBLISH GOVERNING DOCUMENTS; HOWEVER, THESE ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET GAIN FROM CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -2,217,181. CHANGE IN VALUE OF LIFE INCOME 841,953. NEW LIFE INCOME GIFT LIABILITY -171,531. DISREGARDED ENTITY UNREALIZED TRANSLATION ADJUSTMENT 694. HAVERFORD COLLEGE FOUNDATION (UK) LIMITED 19 NORCOTT ROAD LONDON UK N167EJ 981050476 FUNDRAISING UK 25 1746 THE CORPORATION OF HAVERFORD THE WILLIAM MAUL MEASEY TRUST C/O HAVERFORD COLLEGE 370 LANCASTER HAVERFORD PA 19041 236002304 CHARITABLE TRUST PA THE CORPORATION OF HAVERFORD T 2489071 80102080 0.60000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1