2018-05-14T11:15:55-05:00 2017-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 990 2016-07-01 042104847 WILLIAMS COLLEGE % SUSAN HOGAN WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 FREDERICK W PUDDESTER VP FIN/ADMIN & TREAS 4135974412 2018-05-10 true GWEN SPENCER P00641463 6175305000 2018-04-29 2016 2022-09-23 18:48:47Z PROTIK K MAJUMDER HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 282822448 false X www.williams.edu X 1793 MA SEE SCHEDULE O. 22 21 3642 3198 6812653 68769484 119314764 138589497 142240869 130912090 17986171 3083526 3280644 341354597 282822448 53888555 53455084 0 0 132817992 131983696 0 0 8431261 98702535 102573918 285409082 288012698 55945515 -5190250 2996002215 3522014597 463458047 685782249 2532544168 2836232348 X SEE SCHEDULE O. false false 248760390 53455084 142240869 SEE SCHEDULE O. 248760390 true true false true false true false true true true true true false true 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 3155 0 true 3642 true true true true UK false false false false false false false false false false false X 22 21 false false false 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 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 YVONNE HAO TRUSTEE 4.0 0.0 X 0 0 0 JEFFREY S HARLESTON TRUSTEE 4.0 0.0 X 0 0 0 JOEY SHAISTA HORN TRUSTEE (UNTIL 2/17) 4.0 0.0 X 0 0 0 COOPER CAMPBELL JACKSON TRUSTEE 4.0 0.0 X 0 0 0 CARON GARCIA MARTINEZ 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 642887 0 107414 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 40.0 0.0 X 715217 0 167951 KELI A GAIL SECRETARY OF THE COLLEGE 40.0 0.0 X 211115 0 76755 STEPHEN P KLASS VP FOR CAMPUS LIFE 40.0 0.0 X 323187 0 65937 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 40.0 0.0 X 416825 0 55113 ANGELA P SCHAEFFER CHIEF COMM OFFICER (UT 12/16) 40.0 0.0 X 191919 0 46726 LETICIA S E HAYNES VP INSTL. DIVERSITY & EQUITY 40.0 0.0 X 181726 0 45794 MEGAN MOREY AS OF 5117 VP OF COLLEGE RELATIONS 40.0 0.0 X 0 0 0 JAMES REISCHE AS OF 1217 CHIEF COMMUNICATION OFFICER 40.0 0.0 X 0 0 0 DENISE BUELL DEAN OF THE FACULTY 40.0 0.0 X 244858 0 53429 SARAH BOLTON UT63016 DEAN OF COLL/PROF OF PHYSICS 40.0 0.0 X 148705 0 26962 WILLIAM DUDLEY PROV/PROF OF PHIL (UT 8/31/16) 40.0 0.0 X 253151 0 52713 DAVID A LOVE PROVOST, PROF OF ECONOMICS 40.0 0.0 X 160389 0 41422 MARLENE J SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 40.0 0.0 X 178172 0 43634 JULIA CROSBY Managing Director, INV OFFICE 40.0 0.0 X 366562 0 58329 LOUIS SOUSA MAN.DIR. INV.OFF. (UT 3/31/16) 40.0 0.0 X 385078 0 24311 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 40.0 0.0 X 437931 0 85047 MONICA M MACKEY DIRECTOR OF PRINCIPAL GIVING 40.0 0.0 X 219102 0 36530 JAY M PASACHOFF PROFESSOR OF ASTRONOMY 40.0 0.0 X 215498 0 49049 JOHN MALCOLM VP FOR COLL. REL. (UT 6/30/16) 40.0 0.0 X 147702 0 20790 PETER MURPHY PROF ENGLISH/FRMR KEY EMP 40.0 0.0 X 140321 0 40827 5580345 0 1098733 246 true true false ENGELBERTH CONSTRUCTION INC 463 MOUNTAIN VIEW DRIVE COLCHESTER VT 05446 CONSTRUCTION 6368650 CONSIGLI CONSTRUCTION CO INC 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 31041376 ENGINEERED CONSTRUCTION SERVICES IN PO BOX 160 RAYMOND ME 04071 CONSTRUCTION 8269372 CAMBRIDGE SEVEN ASSOCIATES INC 1050 MASSACHUSETTS AVENUE CAMBRIDGE MA 02138 CONSTRUCTION 1881232 GIGLIOTTI ELECTRIC INC PO BOX 553 PITTSFIELD MA 01202 CONSTRUCTION 1597117 56 2380614 116934150 18616041 119314764 TUITION ROOM AND BOARD 900099 135547408 135547408 WILLIAMS INN 721000 3488060 204331 3283729 AUXILIARY REVENUE 721110 2188240 2188240 ALL OTHER PROGRAM SERVICES 900099 1017161 1017161 142240869 416320 3934501 -3518181 148932 148932 0 2060005 2060005 0 2060005 2060005 17420919 17420919 17420919 2878152 14542767 0 0 0 0 0 0 0 0 0 CONFERENCES 900099 1147044 1147044 RECREATION ACTIVITIES 713940 73595 73595 1220639 282822448 136768900 6812653 19926131 2199017 2199017 50289355 50289355 966712 966712 0 3740339 1051297 1968647 720395 437597 417946 19651 95686550 82987730 8973838 3724982 8341413 6883945 1168523 288945 16845748 14197356 2158106 490286 6932049 5720835 971090 240124 0 516208 90691 395320 30197 286004 3675 282329 0 0 0 23031685 16489671 5760680 781334 246605 112227 132924 1454 8834355 8128135 572217 134003 1844422 1805006 37149 2267 0 6415088 6088764 218637 107687 6812350 5719223 580078 513049 0 251764 208362 31931 11471 10783701 8899501 1510656 373544 0 28483818 23506934 3990213 986671 1382665 16284 1366313 68 FELLOWSHIPS/STUDENT PRIZES 4828690 4828690 EQUIPMENT RENTAL/MAINTENANCE 8856563 8149034 682745 24784 288012698 248760390 30821047 8431261 18563534 26855507 36014281 24660746 140841594 161608891 1176191 1777907 471874 300916 0 0 15640682 15276746 312889 314082 9614032 10372626 910275264 359649947 495680604 550625317 53501257 57265360 2224185277 2486138016 0 0 0 0 0 186818483 2996002215 3522014597 72170307 75954303 0 0 1848731 1959720 327710857 456006990 58458322 58605909 0 0 0 0 0 0 3269830 93255327 463458047 685782249 X 326063381 360398801 1577534394 1808263436 628946393 667570111 2532544168 2836232348 2996002215 3522014597 X -5190250 305350975 3527455 X false true X true true true X 47342033 59651639 133207640 68769484 119314764 428285560 0 0 47342033 59651639 133207640 68769484 119314764 428285560 107716240 320569320 4727253 2089574 4604771 5852743 6143438 23417779 0 0 451703339 660698366 0.70969 0.73620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 44888 44888 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 102999 2259646 true true 305300 47957562 X X X X false false true X 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 1716033537 14903994 255857256 18726874 74186377 4699504 1889182032 0.09710 0.24370 0.65920 false false 1038818 12770704 13809522 3499295 673277537 287754055 389022777 102072302 52742580 49329722 117616608 19153312 98463296 550625317 EQUITY FUNDS (LONG & SHORT) 1088542146 F ABSOLUTE RETURN FUND 451847841 F VENTURE CAPITAL FUNDS 325666069 F BUYOUT FUNDS 144448764 F REAL ASSET FUNDS 105450338 F REAL ESTATE FUNDS 95558846 F FIXED INCOME FUNDS 273844553 F OTHER INVESTMENT ASSETS 779459 F 2486138016 BOND PROCEEDS HELD BY TRUSTEE 96818483 INVEST. ON BEHALF OF SUPP ORG 90000000 186818483 0 US GOV'T ADVANCES FOR STUDENTS 3255327 INVEST. ON BEHALF OF SUPP ORG 90000000 93255327 540444811 305350975 0 0 3527455 308878430 231566381 51256067 51256067 282822448 236756631 236756631 51256067 51256067 288012698 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 $(3,769,899) GAIN AND NET SETTLEMENT ON INTEREST RATE SWAPS $ 3,788,514 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,637,371 CHANGE IN NET ASSETS NOT OWNED BY COLLEGE $ 62,561 GAIN OR LOSS ON RETIREMENT OF LONG TERM DEBT $ 1,808,908 ___________ TOTAL $ 3,527,455 FORM 990, SCHEDULE D, PART XI, LINE 4B FINANCIAL AID $51,256,067 FORM 990, SCHEDULE D, PART XII, LINE 4B FINANCIAL AID $51,256,067 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 1228342843 Europe (Including Iceland and Greenland) Investments 13663233 Europe (Including Iceland and Greenland) 1 1 Program Services INSTRUCTION 1266201 Europe (Including Iceland and Greenland) Program Services RESEARCH 18372 Europe (Including Iceland and Greenland) Program Services ADMINISTRATIVE EXPENSE 49800 North America Program Services RESEARCH 770 Sub-Saharan Africa Investments 16588755 Central America and the Caribbean Program Services INSTRUCTION 50580 East Asia and the Pacific Program Services INSTRUCTION 58190 Middle East and North Africa Program Services INSTRUCTION 36902 Russia and the Newly Independent States Program Services INSTRUCTION 20154 1 1 1 1 1260095800 1260095800 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Russia and the Newly Independent States 7 14201 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Europe (Including Iceland and Greenland) 33 771937 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS East Asia and the Pacific 28 126234 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Central America and the Caribbean 9 30780 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Middle East and North Africa 7 23560 OTHER 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 NORTHERN BERKSHIRE UNITED WAY PO Box 955 North Adams MA 01247 042104785 501(C)(3) 6474 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) 30409 N/A N/A PROGRAM SUPPORT WILLIAMSTOWN FIRE DISTRICT 34 Water Street Williamstown MA 01267 042931280 115 28634 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 MT GREYLOCK REGIONAL SCHOOL DISTRICT 1781 Cold Spring Rd Williamstown MA 01267 046006433 115 2000000 N/A N/A PUBLIC HIGH SCHOOL WILLIAMSTOWN HISTORICAL MUSEUM 1095 MAIN STREET WILLIAMSTOWN MA 01267 046118588 501(C)(3) 10000 N/A N/A PROGRAM SUPPORT 9 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1085 49844787 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 true true false false false false false true false ADAM FALK PRESIDENT 485658 157229 29904 0 77510 0 750301 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 453451 243376 18390 140531 0 27420 0 883168 0 232749 0 KELI A GAIL SECRETARY OF THE COLLEGE 209895 0 1220 23796 0 52959 0 287870 0 0 0 STEPHEN P KLASS VP FOR CAMPUS LIFE 321795 0 1392 29904 0 36033 0 389124 0 0 0 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 398638 0 18187 29904 0 25209 0 471938 0 0 0 ANGELA P SCHAEFFER CHIEF COMM OFFICER (UT 12/16) 191653 0 266 21704 0 25022 0 238645 0 0 0 LETICIA S E HAYNES VP INSTL. DIVERSITY & EQUITY 181726 0 0 20785 0 25009 0 227520 0 0 0 DENISE BUELL DEAN OF THE FACULTY 244735 0 123 28354 0 25075 0 298287 0 0 0 SARAH BOLTON UT63016 DEAN OF COLL/PROF OF PHYSICS 124341 0 24364 14425 0 12537 0 175667 0 0 0 WILLIAM DUDLEY PROV/PROF OF PHIL (UT 8/31/16) 253151 0 0 29125 0 23588 0 305864 0 0 0 DAVID A LOVE PROVOST, PROF OF ECONOMICS 159059 0 1330 17834 0 23588 0 201811 0 0 0 MARLENE J SANDSTROM DEAN OF COLLEGE, PROF OF PSYCH 176667 0 1505 19853 0 23781 0 221806 0 0 0 JULIA CROSBY Managing Director, INV OFFICE 302982 62800 780 34007 0 24322 0 424891 0 58698 0 LOUIS SOUSA MAN.DIR. INV.OFF. (UT 3/31/16) 89186 156596 139296 8781 0 15530 0 409389 0 156596 0 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 332606 104545 780 34469 0 50578 0 522978 0 99980 0 MONICA M MACKEY DIRECTOR OF PRINCIPAL GIVING 218151 0 951 24763 0 11767 0 255632 0 0 0 JAY M PASACHOFF PROFESSOR OF ASTRONOMY 215498 0 0 20227 0 28822 0 264547 0 0 0 JOHN MALCOLM VP FOR COLL. REL. (UT 6/30/16) 147620 0 82 15933 0 4857 0 168492 0 0 0 PETER MURPHY PROF ENGLISH/FRMR KEY EMP 140221 0 100 15752 0 25075 0 181148 0 0 0 BENEFITS FORM 990, SCHEDULE J, PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: WILLIAMS COLLEGE DOES NOT TYPICALLY PERMIT FIRST CLASS OR CHARTER TRAVEL FOR BUSINESS TRIPS, HOWEVER DUE TO A MEDICAL EVENT AN OFFICER TRAVELED FIRST CLASS DURING 2016. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN B(iii) INCLUDES A TAXABLE HOUSING ALLOWANCE. 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 THE PRESIDENT. THE AMOUNTS WERE REPORTED AS TAXABLE COMPENSATION. FORM 990, SCHEDULE J, PART I, LINE 4A LOUIS SOUSA SEPARATED FROM WILLIAMS DURING 2016. UPON SEPARATION, LOUIS SOUSA WAS PAID PREVIOUSLY-EARNED INCENTIVE COMPENSATION WHICH HAD BEEN DISCLOSED ON THE PRIOR FORM 990. THIS AMOUNT IS REPORTED IN COLUMNS B(II) AND F OF SCHEDULE J, PART II OF THIS YEAR'S FORM 990. IN ADDITION, LOUIS SOUSA WAS PAID OTHER REPORTABLE COMPENSATION WHICH IS REPORTED IN COLUMN B(III) OF SCHEDULE J, PART II OF THIS YEAR'S FORM 990. 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 57586CQS7 2007-01-04 76536465 2007 CONSTRUCTION AND ADVANCED REF true 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 57586CPX7 2006-04-03 73396573 1996 & 2003 CURRENT REFUNDING false false false D MASS HEALTH & EDU FACILITIES AUTHORITY 042456011 57585KW79 2003-04-02 115049757 CONSTRC AND 1993 CURRENT REFUNDING false false false A 66333146 9685059 76536465 0 0 0 518260 0 0 66333146 9685059 0 2008 false true true true B 10141369 0 92077256 0 0 0 661056 0 0 50166200 41250000 0 2013 true false true true C 45867039 0 73396573 0 0 0 556293 0 0 0 72840280 0 2006 true false true true D 93395117 0 115049757 0 0 0 644884 0 0 100699405 13705468 0 2005 true false true true A false false false false 0 0.01684 0.01684 false false false true B false false false false 0 0.00580 0.00580 false false false true C false false false false 0 0.00972 0.00972 false false false true D false false false false 0 0.01924 0.01924 false false false true A false false false true false false 0 true RBC CAPITAL 2. true false true B false false true false true false 0 false 0 false true C false false true false true true MORGAN STANLEY 20. false false false 0 false true D false false false true false false 0 true TRINITY 3.2 true false true A true B true C true D true FORM 990, SCHEDULE K, PART IV, LINE 2C MASS. HEALTH & EDU FACILITIES AUTHORITY SERIES L (COLUMN A) HAD A REBATE CALCULATION PERFORMED IN DECEMBER OF 2012. MASS. HEALTH & EDU FACILITIES AUTHORITY SERIES H&I (COLUMN D) HAD A REBATE CALCULATION PERFORMED IN JANUARY OF 2007. A MASS HEALTH & EDU FACILITIES AUTHORITY 043431814 57583UWRS 2013-05-30 148355419 NEW CONSTR & REF 2003, 2006 & 2007 false false false B MASS DEVELOPMENT FINANCE AGENCY 043431814 57584XTN1 2016-07-14 118161121 CONSTR & REF 2006 & 2007 false false false C MASS DEVELOPMENT FINANCE AGENCY 043431814 57584XS77 2017-06-08 60495031 CONSTRUCTION false false false A 8201847 0 148355419 0 0 0 840287 0 0 67001789 80513343 0 2015 true true true true B 604153 0 118161121 0 0 0 621091 0 0 36532568 47540030 33467432 true false false true C 0 0 60495031 0 0 0 495031 0 0 0 0 60000000 false false false true A false false false false 0 0.01370 0.01370 false false false true B false false false false 0 false false false true C false false false false 0 0.00000 0.00000 false false false true A false true true false false false 0 false 0 false true B false true false false true true GOLDMAN SACHS 30. false false false 0 false true C false true false false false false 0 false 0 false true A true B true C true STEPHEN KLASS OFFICER MORTGAGE ON PRIMARY X 100000 67201 false true true FREDERICK PUDDESTER OFFICER MORTGAGE ON PRIMARY X 100000 87796 false true true DENISE BUELL KEY EMPLOYEE MORTGAGE ON PRIMARY X 81880 67633 false true true DAVID LOVE KEY EMPLOYEE MORTGAGE ON PRIMARY X 100000 78286 false true true 300916 NOAH SANDSTROM SPOUSE OF KEY EMPLOYEE 135513 EMPLOYMENT AGREEMENT false AIMEE REISCHE SPOUSE OF OFFICER 12913 EMPLOYMENT AGREEMENT false X 2 305300 Appraisal X 362 18310741 Sold at Market 8 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 STUDENTS THE ACADEMIC AND CIVIC VIRTUES, AND THEIR RELATED TRAITS OF CHARACTER. WILLIAMS IS COMMITTED TO THE CENTRAL ENDEAVOR OF ACADEMIC EXCELLENCE IN A COMMUNITY OF LEARNING THAT COMPRISES STUDENTS, FACULTY AND STAFF, AND DRAWS ON THE ENGAGEMENT OF ALUMNI AND PARENTS. WILLIAMS ASKS ALL ITS STUDENTS TO UNDERSTAND THAT AN EDUCATION AT WILLIAMS SHOULD NOT BE REGARDED AS A PRIVILEGE DESTINED TO CREATE FURTHER PRIVILEGE, BUT AS A PRIVILEGE THAT CREATES OPPORTUNITIES TO SERVE SOCIETY AT LARGE, AND IMPOSES THE RESPONSIBILITY TO DO SO. AT THE SAME TIME, BEING ITSELF PRIVILEGED BY ITS HISTORY AND CIRCUMSTANCES, WILLIAMS UNDERSTANDS ITS OWN RESPONSIBILITY TO CONTRIBUTE BY THOUGHT AND EXAMPLE TO THE WORLD OF HIGHER EDUCATION. 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. 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. 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 $(3,769,899) GAIN AND NET SETTLEMENT ON INTEREST RATE SWAPS $ 3,788,514 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,637,371 CHANGE IN NET ASSETS NOT OWNED BY COLLEGE $ 62,561 GAIN OR LOSS ON RETIREMENT OF LONG TERM DEBT $ 1,808,908 ___________ TOTAL $ 3,527,455 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 3488060 595564 WILLIAMS SIMONDS ROAD SOLAR LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812975825 REN. ENERGY MA 0 0 WMS REN LLC 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 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 4963896 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 1146455 CASH PERPETUAL TRUSTS C 648924 CASH STERLING & FRANCINE CLARK ART INSTITUTE S 90000000 CASH WILLIAMS COLLEGE FOUNDATION (UK) LIMITED C 138124 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.