2019-05-14T09:48:56-05:00 2018-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2017-07-01 042104847 WILLIAMS COLLEGE % SUSAN HOGAN WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 FREDERICK PUDDESTER VP FIN/ADMIN & TREAS 4135974412 2019-05-10 true GWEN SPENCER P00641463 6175305000 2019-05-01 155.201.188.33 04363820191345000004 2019-05-14 P 4A13A6C67652B6A1ED5D1248B2FCDDB031E8E6A1 5477481CA79227C5174834DE40144B170BD12694 2017 2020-04-17 16:48:07Z MAUD MANDEL HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 389029242 false X www.williams.edu X 1793 MA SEE SCHEDULE O. 22 21 3730 3276 -659564 -2273625 119314764 70532953 142240869 146925534 17986171 168271130 3280644 3299625 282822448 389029242 53455084 56605701 0 0 131983696 136840658 0 0 8925777 102573918 110542682 288012698 303989041 -5190250 85040201 3522014597 3870877825 685782249 781013562 2836232348 3089864263 X SEE SCHEDULE O. false false 262291457 56605701 146925534 SEE SCHEDULE O. 262291457 true true false true false 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 3140 0 true 3730 true true true true UK false false false false false false false false false false false X 22 21 false false true false false false false true true false false false true true true true true true true false CA IN MA OK X X X SUSAN HOGAN 4135974204 PO BOX 67 WILLIAMSTOWN MA 01267 ELIZABETH A ANDERSEN TRUSTEE 4.0 0.0 X 0 0 0 TIMOTHY A BARROWS TRUSTEE 4.0 0.0 X 0 0 0 THOMAS M BELK TRUSTEE 4.0 0.0 X 0 0 0 JILLIAN E CHARLES TRUSTEE 4.0 0.0 X 0 0 0 NORIKO HONDA CHEN TRUSTEE 4.0 0.0 X 0 0 0 VALERIE A DIFEBO TRUSTEE 4.0 0.0 X 0 0 0 MICHAEL R EISENSON TRUSTEE/CHAIR 6.0 0.0 X 0 0 0 WILLIAM C FOOTE TRUSTEE 4.0 0.0 X 0 0 0 O ANDREAS HALVORSEN TRUSTEE 4.0 1.0 X 0 0 0 JEFFREY S HARLESTON TRUSTEE 4.0 0.0 X 0 0 0 COOPER CAMPBELL JACKSON TRUSTEE 4.0 0.0 X 0 0 0 LEILA JERE TRUSTEE 4.0 0.0 X 0 0 0 CLARENCE OTIS JR TRUSTEE 4.0 0.0 X 0 0 0 RICHARD R PICKARD TRUSTEE 4.0 0.0 X 0 0 0 KATHERINE L QUEENEY TRUSTEE 4.0 0.0 X 0 0 0 ELIZABETH E ROBINSON TRUSTEE 4.0 0.0 X 0 0 0 JONATHAN D SOKOLOFF TRUSTEE 4.0 0.0 X 0 0 0 MARK R TERCEK TRUSTEE 4.0 0.0 X 0 0 0 SARAH MOLLMAN UNDERHILL TRUSTEE 4.0 0.0 X 0 0 0 MARTHA WILLIAMSON TRUSTEE 4.0 0.0 X 0 0 0 GREGORY H WOODS TRUSTEE 4.0 0.0 X 0 0 0 ADAM FALK PRESIDENT 40.0 1.0 X X 648610 0 106771 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 40.0 0.0 X 932455 0 401343 KELI A GAIL SECRETARY OF THE COLLEGE 40.0 0.0 X 233032 0 88237 STEPHEN P KLASS VP FOR CAMPUS LIFE 40.0 0.0 X 332828 0 55068 PROTIK K MAJUMDER SEE SCHEDULE O 40.0 0.0 X 150460 0 66824 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 40.0 0.0 X 426301 0 60918 LETICIA SE HAYNES VP INSTL. DIVERSITY & EQUITY 40.0 0.0 X 191271 0 51065 MEGAN MOREY VP OF COLLEGE RELATIONS 40.0 0.0 X 244095 0 50386 JAMES REISCHE CHIEF COMMUNICATION OFFICER 40.0 0.0 X 195551 0 78555 DENISE BUELL DEAN OF FACULTY, PROF OF RELIG 40.0 0.0 X 227310 0 50380 DAVID LOVE PROVOST, PROF OF ECONOMICS 40.0 0.0 X 250233 0 51587 LEE PARK ACTING DEAN OF THE COLLEGE 40.0 0.0 X 178504 0 44363 MARLENE SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 40.0 0.0 X 250215 0 51313 JULIA CROSBY MANAGING DIRECTOR, INV OFFICE 40.0 0.0 X 459488 0 150933 RICHARD NESBITT SENIOR ADVISOR TO THE DEAN 40.0 0.0 X 368699 0 45218 JAY PASACHOFF CHAIR AND PROF OF ASTRONOMY 40.0 0.0 X 227108 0 46281 BRADFORD B WAKEMAN MANAGING DIR/COO, INV OFFICE 40.0 0.0 X 520313 0 189547 ABIGAIL WATTLEY MANAGING DIRECTOR, INV OFFICE 40.0 0.0 X 301803 0 81858 PETER MURPHY PROF ENGLISH/FMR KEY EMP 40.0 0.0 X 148220 0 39167 6286496 0 1709814 270 true true false CONSIGLI CONSTRUCTION CO INC 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 44479798 ENGINEERED CONSTRUCTION SVCS INC PO BOX 160 RAYMOND ME 04071 CONSTRUCTION 8837364 ENGELBERTH CONSTRUCTION INC 463 MOUNTAIN VIEW DRIVE COLCHESTER VT 05446 CONSTRUCTION 7206688 PAYETTE ASSOCIATES INC 290 CONGRESS STREET 5TH FLOOR BOSTON MA 02210 ARCHITECTS 3148788 GIGLIOTTI ELECTRIC INC PO BOX 553 PITTSFIELD MA 01202 CONSTRUCTION 2896146 65 2125669 68407284 16696630 70532953 TUITION ROOM AND BOARD 900099 139901367 139901367 WILLIAMS INN 721000 3419027 138847 3280180 AUXILIARY REVENUE 721110 2578026 2578026 ALL OTHER PROGRAM SERVICES 900099 1027114 1027114 146925534 593983 -3139681 3733664 657769 657769 0 2109805 2109805 0 2109805 2109805 167019378 167019378 167019378 2480117 164539261 0 0 0 0 0 0 0 0 0 CONFERENCES 900099 1122840 1122840 RECREATION ACTIVITIES 713940 66980 66980 1189820 389029242 141067328 -659564 178088525 X 768000 768000 53667746 53667746 2169955 2169955 0 3920887 1139851 1799475 981561 357684 313893 43791 99439739 84745275 10840574 3853890 8733996 7239323 1198829 295844 16903248 14354619 2127600 421029 7485104 6204158 1027406 253540 0 197007 56407 134477 6123 327879 28444 294055 5380 0 0 0 26590901 20578756 4997994 1014151 262124 130437 127892 3795 9350256 8533466 702675 114115 1720982 1691761 27370 1851 0 6375341 6037162 226580 111599 7011188 5969507 640673 401008 0 260630 216964 26446 17220 11520854 9549259 1581353 390242 0 30382636 25183172 4170323 1029141 1657817 15152 1642665 FELLOWSHIPS/STUDENT PRIZES 4462436 4462436 EQUIPMENT RENTAL/MAINTENANCE 10422631 9235714 1161629 25288 303989041 262291457 32771807 8925777 26855507 41162771 24660746 42516079 161608891 145467214 1777907 846728 300916 336657 0 0 15276746 15292145 314082 287597 10372626 9492054 1003338728 381359219 550625317 621979509 57265360 46395340 2486138016 2920368715 0 0 0 0 186818483 26733016 3522014597 3870877825 75954303 71979346 0 0 1959720 1817396 456006990 445364331 58605909 57686368 0 0 0 0 0 0 93255327 204166121 685782249 781013562 X 360398801 387694579 1808263436 1992745876 667570111 709423808 2836232348 3089864263 3522014597 3870877825 X 85040201 164772231 3819483 X false true X true true true X 59651639 133207640 68769484 119314764 70532953 451476480 0 0 59651639 133207640 68769484 119314764 70532953 451476480 99232887 352243593 2089574 4604771 5852743 6143438 6501238 25191764 0 0 476668244 689552304 0.73897 0.70969 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 47021 47021 false FORM 990, SCHEDULE C, PART II-B, LINE 1I 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 0 0 0 107079 0 2442795 0 true true 467726 49345638 X X X X false false true X 2437568565 28249560 311454291 22758502 77012257 7016925 2670484732 2206607150 31960094 303172136 25627014 72291934 6251867 2437568565 2343516277 25914486 -35220177 24661307 98014290 4927839 2206607150 2146252925 99282688 213600715 21630783 87704016 6285252 2343516277 1889182032 27395128 332991623 20156756 77580817 5578285 2146252925 0.09740 0.23760 0.66500 false false 1028776 12854905 13883681 3487854 753804563 301147136 456145281 106470809 58971718 47499091 125691821 21240365 104451456 621979509 EQUITY FUNDS (LONG & SHORT) 1174063816 F ABSOLUTE RETURN FUNDS 528849871 F VENTURE CAPITAL FUNDS 440138570 F BUYOUT FUNDS 148390740 F REAL ASSET FUNDS 153365250 F REAL ESTATE FUNDS 89364827 F FIXED INCOME FUNDS 277583642 F OTHER INVESTMENT ASSETS 108611999 F 2920368715 0 US GOV'T ADVANCES FOR STUDENTS 2256622 INVEST. ON BEHALF OF SUPP ORG 201909499 204166121 502638509 164772231 3819483 168591714 334046795 54982447 54982447 389029242 249006594 249006594 54982447 54982447 303989041 FORM 990, SCHEDULE D, PART III, LINE 1A THE COLLEGE'S ART AND RARE BOOK COLLECTIONS ARE RECORDED AT COST OR APPRAISED VALUE AT THE DATE OF ACQUISITION. COLLECTIONS ARE NOT DEPRECIATED. FORM 990, SCHEDULE D, PART III, LINE 4 THE MUSEUM'S PRINCIPAL MISSION IS TO ENCOURAGE MULTIDISCIPLINARY TEACHING THROUGH ENCOUNTERS WITH ART OBJECTS THAT TRAVERSE TIME PERIODS AND CULTURES. FORM 990, SCHEDULE D, PART IV, LINE 2B WILLIAMS COLLEGE SERVES AS TRUSTEE FOR VARIOUS CHARITABLE REMAINDER TRUSTS AND MAINTAINS THE ASSETS AND CORRESPONDING RESERVE LIABILITIES ON ITS BALANCE SHEET. FORM 990, SCHEDULE D, PART V, LINE 4 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. FORM 990, SCHEDULE D, PART XI, LINE 2D LIFE INCOME PAYMENTS AND CHANGE IN PRESENT VALUE $ (1,371,090) GAIN AND NET SETTLEMENT ON INTEREST RATE SWAPS $ 2,100,268 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,731,168 CHANGE IN NET ASSETS NOT OWNED BY COLLEGE $ 1,359,137 TOTAL $ 3,819,483 FORM 990, SCHEDULE D, PART XI, LINE 4B FINANCIAL AID $54,982,447 FORM 990, SCHEDULE D, PART XII, LINE 4B FINANCIAL AID $54,982,447 true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, LINE 3 WILLIAMS COLLEGE COURSE CATALOG/BULLETIN AND ON THE COLLEGE'S WEBSITE AT WWW.WILLIAMS.EDU. FORM 990, SCHEDULE E, LINE 6A 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 Central America and the Caribbean Investments 1584392479 Europe (Including Iceland and Greenland) Investments 16923396 Sub-Saharan Africa Investments 19412142 Europe (Including Iceland and Greenland) Program Services INSTRUCTION 1208170 Europe (Including Iceland and Greenland) Program Services RESEARCH 6394 Europe (Including Iceland and Greenland) Program Services ADMINISTRATIVE EXPENSE 8443 North America Program Services RESEARCH 5053 North America Program Services ADMINISTRATIVE EXPENSE 251 South America Program Services INSTRUCTION 44565 Central America and the Caribbean Program Services INSTRUCTION 35599 Central America and the Caribbean Program Services RESEARCH 8500 Central America and the Caribbean Program Services ADMINISTRATIVE EXPENSE 10437 East Asia and the Pacific Program Services INSTRUCTION 31466 East Asia and the Pacific Program Services RESEARCH 3358 East Asia and the Pacific Program Services ADMINISTRATIVE EXPENSE 650 South Asia Program Services RESEARCH 2250 Sub-Saharan Africa Program Services ADMINISTRATIVE EXPENSE 3660 Russia and the Newly Independent States Program Services INSTRUCTION 8693 1622096813 8693 1622105506 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Russia and the Newly Independent States 6 13374 N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Europe (Including Iceland and Greenland) 22 1145327 N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS East Asia and the Pacific 20 93309 N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Central America and the Caribbean 16 59301 N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS North America 1 3390 N/A FMV FELLOWSHIPS Europe (Including Iceland and Greenland) 24 855254 N/A FMV true false true true true false FORM 990, SCHEDULE F, PART I, COLUMN (F) ALL EXPENSES OF OUR PROGRAMS ARE RECORDED AS EXPENSES IN THE FINANCIAL STATEMENTS OF THE COLLEGE. FORM 990, SCHEDULE F, PART I, LINE 2 FOR THE STUDENT TUITION PAYMENTS WE REMIT FUNDS DIRECTLY TO THE INSTITUTIONS BASED ON INVOICES RECEIVED FROM THE INSTITUTIONS. FORM 990, SCHEDULE F, PART I, LINE 3 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. true MASS MUSEUM OF CONTEMP ART 1040 MASS MOCA WAY NORTH ADAMS MA 01247 043113688 501(C)(3) 50000 N/A N/A PROGRAM SUPPORT VILLAGE AMBULANCE SERVICE INC 30 WATER STREET WILLIAMSTOWN MA 01267 042756911 501(C)(3) 21000 N/A N/A PROGRAM SUPPORT WILLIAMSTOWN COMMUNITY CHEST PO Box 204 Williamstown MA 01267 046044550 501(C)(3) 32690 N/A N/A PROGRAM SUPPORT WILLIAMSTOWN FIRE DISTRICT 34 Water Street Williamstown MA 01267 042931280 115 28282 N/A N/A PROGRAM SUPPORT IMAGES CINEMA 50 Spring Street Williamstown MA 01267 046407257 501(C)(3) 30000 N/A N/A PROGRAM SUPPORT WILLINET 34 Spring Street Williamstown MA 01267 043253056 501(C)(3) 12500 N/A N/A PROGRAM SUPPORT BERKSHIRE TOMORROWS INC 1 Fenn Street Pittsfield MA 01201 030572303 501(C)(3) 10000 N/A N/A PROGRAM SUPPORT WILLIAMSTOWN HISTORICAL MUSEUM 1095 MAIN STREET WILLIAMSTOWN MA 01267 046118588 501(C)(3) 15000 N/A N/A PROGRAM SUPPORT NORTHERN BERKSHIRE UNITED WAY PO BOX 955 NORTH ADAMS MA 01247 042104785 501(C)(3) 7147 N/A N/A PROGRAM SUPORT 1 BERKSHIRES 66 ALLEN STREET PITTSFIELD MA 01201 273148082 501(C)(6) 20000 N/A N/A PROGRAM SUPPORT WILLIAMSTOWN POLICE STATION 31 North Street Willamstown MA 01267 046001368 115 400000 n/a n/a PROGRAM SUPPORT LEVER INC 85 MAIN STREET SUITE 218 NORTH ADAMS MA 01247 464159401 501(C)(3) 25000 N/A N/A PROGRAM SUPPORT LOUISON HOUSE 395 OLD COLUMBIA STREET ADAMS MA 01220 223051367 501(C)(3) 25000 N/A N/A PROGRAM SUPPORT NORTHERN BERKSHIRE EMS PO BOX 1045 NORTH ADAMS MA 01247 042630567 501(C)(3) 86381 N/A N/A PROGRAM SUPPORT 13 1 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1022 53667746 N/A N/A MONITORING PROCEDURES FORM 990, SCHEDULE I, PART I, LINE 2 FINANCIAL AID 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. FORM 990, SCHEDULE I, PART III CASH GRANTS ARE CREDITS TO STUDENT ACCOUNTS. X X X true true X X X X false true false false false false false true false ADAM FALK PRESIDENT 504964 0 0 0 143646 0 30458 0 76313 0 755381 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 499268 0 413893 0 19294 0 377780 0 23563 0 1333798 0 145333 0 KELI A GAIL SECRETARY OF THE COLLEGE 231892 0 0 0 1140 0 26201 0 62036 0 321269 0 0 0 STEPHEN P KLASS VP FOR CAMPUS LIFE 330686 0 0 0 2142 0 30458 0 24610 0 387896 0 0 0 PROTIK K MAJUMDER SEE SCHEDULE O 149307 0 0 0 1153 0 16712 0 50112 0 217284 0 0 0 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 407243 0 0 0 19058 0 30458 0 30460 0 487219 0 0 0 LETICIA SE HAYNES VP INSTL. DIVERSITY & EQUITY 190395 0 0 0 876 0 22312 0 28753 0 242336 0 0 0 MEGAN MOREY VP OF COLLEGE RELATIONS 230547 0 0 0 13548 0 20638 0 29748 0 294481 0 0 0 JAMES REISCHE CHIEF COMMUNICATION OFFICER 181603 0 0 0 13948 0 22312 0 56243 0 274106 0 0 0 DENISE BUELL DEAN OF FACULTY, PROF OF RELIG 226817 0 0 0 493 0 26141 0 24239 0 277690 0 0 0 DAVID LOVE PROVOST, PROF OF ECONOMICS 248645 0 0 0 1588 0 28601 0 22986 0 301820 0 0 0 LEE PARK ACTING DEAN OF THE COLLEGE 177628 0 0 0 876 0 20244 0 24119 0 222867 0 0 0 MARLENE SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 248845 0 0 0 1370 0 28601 0 22712 0 301528 0 0 0 JULIA CROSBY MANAGING DIRECTOR, INV OFFICE 319140 0 138537 0 1811 0 126172 0 24761 0 610421 0 37364 0 RICHARD NESBITT SENIOR ADVISOR TO THE DEAN 168362 0 0 0 200337 0 19209 0 26009 0 413917 0 0 0 JAY PASACHOFF CHAIR AND PROF OF ASTRONOMY 182736 0 0 0 44372 0 20985 0 25296 0 273389 0 0 0 BRADFORD B WAKEMAN MANAGING DIR/COO, INV OFFICE 342704 0 175428 0 2181 0 134334 0 55213 0 709860 0 62430 0 ABIGAIL WATTLEY MANAGING DIRECTOR, INV OFFICE 227186 0 74617 0 0 0 76956 0 4902 0 383661 0 40231 0 PETER MURPHY PROF ENGLISH/FMR KEY EMP 147244 0 0 0 976 0 16414 0 22753 0 187387 0 0 0 BENEFITS FORM 990, 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. 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 FORM 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). HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: WILLIAMS PAID DUES FOR A WILLIAMSTOWN-BASED GOLF COURSE MEMBERSHIP FOR ONE LISTED OFFICER. THE AMOUNTS WERE REPORTED AS TAXABLE COMPENSATION. FORM 990, SCHEDULE J, PART I, LINE 4B THE COLLEGE ESTABLISHED A DEFERRED COMPENSATION PLAN FOR AN EMPLOYEE. THE TERMS OF THE PLAN PROVIDE FOR THE COLLEGE TO MAKE ANNUAL SET-ASIDES AND LUMP SUM PAYOUTS AT THE VESTING DATE OF THE PLAN, PROVIDED THE EMPLOYEE REMAINS IN THEIR POSITION UNTIL THE VESTING DATE OF THEIR RESPECTIVE PLAN. FORM 990, 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. A MASS HEALTH & EDU FACILITIES AUTHORITY 042456011 57586CPX7 2006-04-03 73396573 1996 & 2003 CURRENT REFUNDING false false false B MASS HEALTH & EDU FACILITIES AUTHORITY 043431814 57583UAA6 2011-03-02 92077256 CONSTR AND 2007 CURRENT REFUNDING false false false C MASS HEALTH & EDU FACILITIES AUTHORITY 042456011 57585KW79 2003-04-02 115049757 CONSTRC AND 1993 CURRENT REFUNDING false false false D MASS HEALTH & EDU FACILITIES AUTHORITY 043431814 57583UWRS 2013-05-30 148355419 NEW CONSTR & REF 2003, 2006 & 2007 false false false A 48123194 0 73396573 0 0 0 556293 0 0 0 72840280 0 2006 true false true true B 11176600 0 92077256 0 0 0 661056 0 0 50166200 41250000 0 2013 true false true true C 94360434 0 115049757 0 0 0 644884 0 0 100699405 13705468 0 2005 true false true true D 10827978 0 148355419 0 0 0 840287 0 0 67001789 80513343 0 2015 true true true true A false false false false 0 0.00972 0.00972 false false false true B false false false false 0 0.00580 0.00580 false false false true C false false false false 0 0.01924 0.01924 false false false true D false false false false 0 0.01370 0.01370 false false false true A false false true false true true MORGAN STANLEY 20. false false false 0 false true B false false true false true false 0 false 0 false true C false false false true false false 0 true Trinity 3.2 true false true D false true true false false false 0 false 0 false true A true B true C true D true FORM 990, SCHEDULE K, PART IV, LINE 2C MASS. HEALTH & EDU FACILITIES AUTHORITY SERIES H&I (COLUMN C) HAD A REBATE CALCULATION PERFORMED IN JANUARY OF 2007. A MASS HEALTH & EDU FACILITIES AUTHORITY 043431814 57584XTN1 2016-07-14 118161121 CONSTR & REF 2006 & 2007 false false false B MASS DEVELOPMENT FINANCE AGENCY 043431814 57584XS77 2017-06-08 60495031 CONSTRUCTION false false false A 4122977 0 118161121 0 0 0 621091 0 0 69999711 47540030 289 2018 true false true true B 241000 0 60495031 0 0 0 495031 0 0 33586491 0 26413509 false false false true A false false false false 0 false false false true B false false false false 0 false false false true A false true false false true true GOLDMAN SACHS 30. false false false 0 false true B false true false false false false 0 false false false 0 false true A true B true STEPHEN KLASS OFFICER MORTGAGE ON PRIMARY X 100000 63487 false false true FREDERICK PUDDESTER OFFICER MORTGAGE ON PRIMARY X 100000 84503 false false true DENISE BUELL OFFICER MORTGAGE ON PRIMARY X 81880 62834 false false true DAVID LOVE OFFICER MORTGAGE ON PRIMARY X 100000 74755 false false true PROTIK MAJUMDER OFFICER MORTGAGE ON PRIMARY X 70000 6797 false false true JAMES REISCHE OFFICER MORTGAGE ON PRIMARY X 45000 44281 false false true 336657 NOAH SANDSTROM SPOUSE OF KEY EMPLOYEE 130366 EMPLOYMENT AGREEMENT false AIMEE REISCHE SPOUSE OF OFFICER 43791 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 9 467726 Appraisal X 373 15444004 Sold at Market X 1 354900 NAV X 1 430000 APPRAISAL 11 false true true FORM 990, SCHEDULE M, PART I, COLUMN B IN COLUMN B, THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, SCHEDULE M, PART I, LINE 32B WILLIAMS COLLEGE GENERALLY USES A BROKER/AGENT TO FACILITATE THE SALE OF REAL PROPERTY. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 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. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A 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 MANY FOREIGN COUNTRIES. 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. GOVERNING BODY AUTHORITY FORM 990, PART VI, SECTION A, LINE 1A 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, SECTION A, LINE 4 WILLIAMS COLLEGE AMENDED ITS BYLAWS IN APRIL OF 2018. THE AMENDED BYLAWS EXPANDED THE STATED RESPONSIBILITIES OF THE AUDIT COMMITTEE TO INCLUDE REVIEWING AND EVALUATING THE ADEQUACY OF THE COLLEGE'S INTERNAL CONTROLS, AS WELL AS ITS POLICIES AND PRACTICES FOR ENSURING COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS. THE RESPONSIBILITIES OF THE AUDIT COMMITTEE NOW ALSO INCLUDE PROVIDING FEEDBACK TO THE COLLEGE ON AREAS OF INTEREST AND CONCERN WITH REGARD TO ENTERPRISE RISK MANAGEMENT. REVIEW PROCESS FOR FORM 990 FORM 990, PART VI, LINE 11A WORKING WITH PRICEWATERHOUSECOOPERS, LLP ("PWC"), THE FORM 990 IS PREPARED FOR REVIEW BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. PWC 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. CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURE FORMS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. TRUSTEES 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 AND EMPLOYEES ARE REQUIRED TO REPORT ANY MID-YEAR CHANGES TO THE PRESIDENT'S OFFICE AND THEIR SUPERVISOR RESPECTIVELY. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 WILLIAMS COLLEGE ASSIGNS THE DUTY OF SETTING EXECUTIVE COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SELECTS A SUBSET OF THE COMMITTEE TO SERVE AS AN INDEPENDENT COMPENSATION COMMITTEE THAT ANNUALLY REVIEWS THE COMPENSATION OF THE PRESIDENT. THIS COMMITTEE CONSIDERS COMPENSATION SURVEYS, MARKET DATA AND ANALYSES. THE COMMITTEE'S DELIBERATIONS ARE NOTED. THE COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT. THE PRESIDENT CONSIDERS COMPENSATION SURVEYS, MARKET DATA AND ANALYSES. The President's deliberations and decisions are also documented. PUBLIC INSPECTION FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST, ON THE COLLEGE WEBSITE, AND ON GUIDESTAR.ORG. GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 Williams College's governing documents, conflict of interest policy, and financial statements are posted on the College website. FORM 990, PART VII, SECTION A PROTIK MAJUMDER BECAME INTERIM PRESIDENT (AN OFFICER) EFFECTIVE JANUARY 1, 2018. THEREFORE, AS REQUIRED HE IS LISTED ON PART VII AND SCHEDULE J, PART II, WITH CALENDAR YEAR 2017 COMPENSATION REPORTED. INVESTMENT EXPENSES FORM 990, PART IX, LINES 5 AND 11F INVESTMENT EXPENSES ARE REPORTED NET WITH INVESTMENT INCOME, CONSISTENT WITH FINANCIAL STATEMENT REPORTING. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 LIFE INCOME PAYMENTS AND CHANGE IN PRESENT VALUE $ (1,371,090) GAIN AND NET SETTLEMENT ON INTEREST RATE SWAPS $ 2,100,268 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,731,168 CHANGE IN NET ASSETS NOT OWNED BY COLLEGE $ 1,359,137 _________ TOTAL $ 3,819,483 WILLIAMS RENEWABLES MANAGEMENT LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812960740 REN. ENERGY MA 0 0 WILLIAMS WILLIAMS INN LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 465431139 HOTEL MA 3418219 595965 WILLIAMS STERLING & FRANCINE CLARK ART INSTITUTE 225 South Street WILLIAMSTOWN MA 01267 042163004 ART MUSEUM MA 501(C)(3) 12.A WILLIAMS true ASSOCIATED KYOTO PROGRAM INC college hall rm 204 northampton MA 01063 042996114 EDUCATION MA 501(C)(3) 12.d NA false WILLIAMS COLLEGE LAND FOUNDATION 880 main street WILLIAMSTOWN MA 01267 043158500 RE HOLDING MA 501(C)(2) N/A WILLIAMS true WILLIAMS COLLEGE OXFORD PROGRAMME 145 Banbury Road 0X27AN Oxford England UK EDUCATION UK 501(C)(3) N/A WILLIAMS true WILLIAMS COLLEGE FOUNDATION (UK) LIMITED 99 DURLSTON ROAD LONDON ENGLAND UK E5 8RP EDUCATION UK 501(C)(3) N/A WILLIAMS true SIMONDS ROAD SOLAR LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812975825 REN. ENERGY MA WMS REN LLC 0 0 false 0 false 1.00000 POOLED INCOME FUNDS (3) FUNDRAISING MA WILLIAMS TRUST true PERPETUAL TRUSTS (1) FUNDRAISING NY WILLIAMS TRUST true SEE PART VII HOLDING UT WILLIAMS C CORP true CHAR REM TRSTS (56) SEE PART VII FUNDRAISING WILLIAMS TRUST true OUTSIDE CHAR REM TRSTS(29)SEE PART VII FUNDRAISING NA TRUST true WILLIAMS RENEWABLES LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812875267 REN. ENERGY MA WILLIAMS C CORP 0 5067633 1.00000 true false false true false false false false false false false false false false false false true false false true WILLIAMS COLLEGE OXFORD PROGRAMME P 1251957 CASH PERPETUAL TRUSTS C 687653 CASH STERLING & FRANCINE CLARK ART INSTITUTE S 100000000 CASH FORM 990, SCHEDULE R, PART IV, LINE (3), COLUMN (A) THE COLLEGE OWNS A CORPORATION WHOSE SOLE ASSET IS A PAINTING WHICH RESIDES AT THE COLLEGE'S MUSEUM. FORM 990, SCHEDULE R, PART IV, LINE (4), COLUMN (C) THE CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (4) ARE LEGALLY DOMICILED IN CA, IL, MA, AND NY. FORM 990, SCHEDULE R, PART IV, LINE (5), COLUMN (C) THE OUTSIDE MANAGED CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (5) ARE LEGALLY DOMICILED IN MA AND NY.