2017-11-21T06:12:17-06:00 2015-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2014-07-01 041843040 The Trustees of The Smith College % Michael W Howard TRUS 4135852200 College Hall 204 10 Elm Street Northampton MA 01063 MICHAEL W HOWARD VP FOR FIN/ADMIN 4135852200 2017-11-20 true SHY JOSEPH P01085371 6179881000 2014 2017-02-10 21:41:12Z X Kathleen McCartney College Hall 201 10 Elm St Northampton MA 01063 923411997 false X WWW.SMITH.EDU X 1871 MA SEE SCHEDULE O 31 30 4367 5637 4629578 0 38894729 72518796 168747246 172898254 68754454 129352345 7073250 7655286 283469679 382424681 66107101 68639931 0 0 124529492 129564589 59345 166624 7687952 90719218 95554955 281415156 293926099 2054523 88498582 2374680859 2455868302 281558491 281836314 2093122368 2174031988 X SMITH COLLEGE EDUCATES WOMEN OF PROMISE FOR LIVES OF DISTINCTION. A COLLEGE OF AND FOR THE WORLD, SMITH COLLEGE LINKS THE POWER OF THE LIBERAL ARTS TO EXCELLENCE IN RESEARCH AND SCHOLARSHIP, DEVELOPING LEADERS FOR SOCIETY'S CHALLENGES. 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BELDEN TRUSTEE 5.0 0.0 X 0 0 0 DEBORAH BERGER TRUSTEE 5.0 0.0 X 0 0 0 DAHNA BLACK TRUSTEE 5.0 0.0 X 0 0 0 LINDA SMITH CHARLES TRUSTEE 5.0 0.0 X 0 0 0 DEBORAH DUNCAN TRUSTEE 5.0 0.0 X 0 0 0 PAULA FERRIS EINAUDI TRUSTEE 5.0 0.0 X 0 0 0 MARGARET EISEN TRUSTEE 5.0 0.0 X 0 0 0 ELIZABETH MUGAR EVEILLARD TRUSTEE/BOARD CHAIR 5.0 0.0 X 0 0 0 MADELEINE FACKLER TRUSTEE 5.0 0.0 X 0 0 0 DEBORAH FARRINGTON TRUSTEE 5.0 0.0 X 0 0 0 APRIL HOXIE FOLEY TRUSTEE 5.0 0.0 X 0 0 0 NEIL GRABOIS TRUSTEE 5.0 0.0 X 0 0 0 KATHLEEN BARNES GRANT TRUSTEE 5.0 0.0 X 0 0 0 AUGUSTA GRONQUIST TRUSTEE 5.0 0.0 X 0 0 0 ELIZABETH HOFFMAN TRUSTEE 5.0 0.0 X 0 0 0 HOON ENG KHOO TRUSTEE 5.0 0.0 X 0 0 0 MARCIA MACHARG TRUSTEE 5.0 0.0 X 0 0 0 BARBARA MASSEY TRUSTEE 5.0 0.0 X 0 0 0 SUSAN GOODMAN NOVICK TRUSTEE 5.0 0.0 X 0 0 0 ALISON OVERSETH TRUSTEE 5.0 0.0 X 0 0 0 JUDITH PELHAM TRUSTEE 5.0 0.0 X 0 0 0 LOIS PERELSON-GROSS TRUSTEE 5.0 0.0 X 0 0 0 DEBRA Y ROMERO TRUSTEE 5.0 0.0 X 0 0 0 LINDA E SALISBURY TRUSTEE 5.0 0.0 X 0 0 0 NINA SCHERAGO TRUSTEE 5.0 0.0 X 0 0 0 JAMES SHULMAN TRUSTEE 5.0 0.0 X 0 0 0 SHARMILLA GHOSH SINHA TRUSTEE 5.0 0.0 X 0 0 0 LOIS THOMPSON TRUSTEE 5.0 0.0 X 0 0 0 KATHLEEN MCCARTNEY PRESIDENT 40.0 0.0 X X 456070 0 65532 RUTH CONSTANTINE VP FINANCE & ADMIN/TREASURER 40.0 0.0 X 314411 0 39685 MICHAEL W HOWARD VP FINANCE & ADMIN 40.0 0.0 X 22266 0 0 REBECCA LINDSEY SECRETARY 40.0 0.0 X 101385 0 34146 KATHERINE ROWE PROVOST & DEAN OF FACULTY 40.0 0.0 X 117787 0 35507 LAURA SMIAROWSKI CONTROLLER 40.0 0.0 X 138251 0 39001 LAURIE FENLASON VP PUBLIC AFFAIRS 40.0 0.0 X 253908 0 53654 DAVID GREGORY VP INFORMATION TECH 40.0 0.0 X 199982 0 34429 AUDREY YALE SMITH VP ENROLLMENT 40.0 0.0 X 182303 0 70078 BETH B RAFFELD VP FOR DEVELOPMENT 40.0 0.0 X 345085 0 33397 RANDALL K BARTLETT PROFESSOR 40.0 0.0 X 211112 0 46294 JOHN H DAVIS PROFESSOR 40.0 0.0 X 201414 0 39485 JOSEPH O'ROURKE ASSOCIATE PROVOST 40.0 0.0 X 249818 0 52664 ANDREW ZIMBALIST PROFESSOR 40.0 0.0 X 224302 0 53931 MARILYN SCHUSTER FORMER PROVOST 40.0 0.0 X 225609 0 34337 CAROL T CHRIST PRESIDENT EMERITA 40.0 0.0 X 202201 0 23976 MAUREEN MAHONEY FORMER VP CAMPUS LIFE 40.0 0.0 X 210543 0 36529 3656447 0 692645 204 true true false CONSIGLI CONSTRUCTION CO INC 72 SUMNER STREET MILFORD MA 01757 PROJECT MANAGEMENT 1937274 FIVE COLLEGES INC 97 SPRING STREET AMHERST MA 010022324 SHARED SERVICES 1552958 INVESTURE LLC 126 GARRETT ST CHARLOTTESVILLE VA 22902 INVESTMENT MANAGER 4121170 AMHERST COLLEGE OFC OF THE COMPTRO PO BOX 2221 AMHERST MA 010022221 PROPERTY MANAGEMENT 1061144 MOUNT HOLYOKE COLLEGE OFFICE OF THE CONTROLLER SOUTH HADLEY MA 01075 SECURITY SERVICES 1626139 64 5405443 67113353 11742088 72518796 Undergraduate 611600 152146094 152146094 School for Social Work 611600 7719263 7719263 Graduate 611600 3785498 3785498 Executive Education & Summer Programs 611600 4505112 4018065 487047 Campus School & Ctr for Early Childhood 611600 4671570 4671570 70717 70717 172898254 10605819 -1341996 11947815 0 80933 80933 1970713 0 1658927 0 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 5000 false false false 5000 false PART II-B, LINE 1F THE COLLEGE HAS MEMBERSHIPS IN VARIOUS PROFESSIONAL ASSOCIATIONS. THESE ASSOCIATIONS MAY, FROM TIME TO TIME, ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. THIS IS AN ESTIMATE OF THE PORTION OF MEMBERSHIP DUES PAID THAT ARE DEVOTED TO THIS ACTIVITY. 2143695 56277620 X X X X X Teaching Primary Research Methods false false true X 1755755227 -8046964 115794909 28834455 48585988 4319531 1781763198 1557426714 24836723 252225131 28421742 46636428 3675171 1755755227 1409755120 23122680 200334413 27031582 44587384 4166533 1557426714 1429527292 19368719 36383713 26223371 41006435 8294798 1409755120 1243560774 16527946 232419190 25283847 40298747 -2601976 1429527292 0.21885 0.22128 0.55986 true false 2583724 4532759 7107483 13746090 538860395 221605067 331001418 133715339 64579224 69136115 18870502 5694779 13175723 420420739 LIMITED PARTNERSHIPS 1771510945 F FUNDS HELD BY OUTSIDE TRUSTEE 35311743 F 1806822688 0 INTEREST RATE SWAPS 11555641 LIFE INCOME OBLIGATIONS 19702911 POST RETIREMENT AND SEPARATION 6140939 FIN 47 OBLIGATION 19843651 57243142 X 303754999 -7552023 -68866418 -76418441 380173440 4664826 -2413585 2251241 382424681 222383999 3457459 3457459 218926540 4664826 70334733 74999559 293926099 PART III, LINE 4 THE SMITH COLLEGE MUSEUM OF ART'S HOLDINGS INCLUDE PAINTINGS, SCULPTURES, WORKS ON PAPER (PRINTS, DRAWINGS, PHOTOGRAPHS, AND BOOKS), ANTIQUITIES, DECORATIVE ARTS, AND EMERGING COLLECTIONS OF NON-WESTERN ART. ITS WORKS-ON-PAPER COLLECTIONS ARE HOUSED IN THE CUNNINGHAM CENTER FOR THE STUDY OF PRINTS, DRAWINGS, AND PHOTOGRAPHS, A STATE-OF-THE-ART STUDY AND STORAGE FACILITY WITHIN THE MUSEUM. SMITH COLLEGE BEGAN COLLECTING ORIGINAL WORKS OF ART IN 1879, ONLY FOUR YEARS AFTER IT ENROLLED ITS FIRST CLASS. INITIALLY, PRESIDENT L. CLARK SEELYE BOUGHT WORKS OF CONTEMPORARY AMERICAN ART, OFTEN DIRECTLY FROM THE ARTISTS THEMSELVES, BELIEVING THAT STUDENTS SHOULD BE FAMILIAR WITH THE ART OF THEIR OWN TIME. AMERICAN ART HAS REMAINED ONE OF THE COLLECTIONS' CORE STRENGTHS. BY THE EARLY TWENTIETH CENTURY, ALFRED VANCE CHURCHILL, THE MUSEUM'S FIRST DIRECTOR, HAD EXPANDED THE COLLECTING SPHERE TO INCLUDE EUROPEAN ART. AT THE REQUEST OF THE COLLEGE'S TRUSTEES, CHURCHILL FORMALIZED THE MUSEUM'S COLLECTING GUIDELINES IN 1920. THESE INVOLVED A "CONCENTRATION PLAN" THAT FOCUSED ON THE MODERN ERA, WHICH HE DEFINED AS BEGINNING WITH THE FRENCH REVOLUTION. HIS PLAN EMPHASIZED THE IMPORTANCE OF COLLECTING WORKS OF HIGH QUALITY, WHILE RECOGNIZING THE INSTRUCTIONAL VALUE OF PREPARATORY STUDIES AND UNFINISHED WORKS THAT SHOW AN ARTIST'S WORKING METHOD. GUIDED BY THIS PLAN, THE MUSEUM ASSEMBLED IMPORTANT HOLDINGS OF FRENCH ART OF THE NINETEENTH CENTURY, INCLUDING SUPERB WORKS BY EDGAR DEGAS, JEAN-BAPTISTE-CAMILLE COROT, GUSTAVE COURBET, PAUL CEZANNE, CLAUDE MONET AND OTHERS. THE PLAN WAS REVISITED IN THE EARLY 1990S, AND ACQUIRING WORKS BY WOMEN ARTISTS AND ARTISTS OF COLOR BECAME A COLLECTING PRIORITY. IN THE LAST DECADE, THE COLLECTING PLAN HAS SIGNIFICANTLY EXPANDED TO INCLUDE AFRICAN, ISLAMIC, AND, PARTICULARLY, ASIAN ART TO SUPPORT THE COLLEGE'S GLOBAL CURRICULUM. THE NEWEST ACQUISITIONS TO THE MUSEUM'S COLLECTION INCLUDE WORKS BY JAUNE QUICK-TO-SEE SMITH, ANA MENDIETA, MISHIMA KIMIYO, TADDEO DI BARTOLO, ROBERT MOTHERWELL AND BETYE SAAR. EXHIBITIONS HAVE INCLUDED THE EYE IS A DOOR: LANDSCAPE PHOTOGRAPHS BY ANNE WISTON SPIM; FRAMEWORK X; RIVER OF GOLD: PRECOLUMBIAN TREASURES FROM SITIO CONTE; LOOK AT ME, ME, ME!; EYE ON THE STREET; SHARED INSPIRATION: THE MURIEL K. AND DAVID R. POKROSS COLLECTION. THE MUSEUM HOSTS SECOND FRIDAYS, FAMILY EVENTS FOR THOSE WHO ARE 4+, THAT HAS INCLUDED INDOOR SCULPTURE SKETCHING, PARQUETRY PATTERNS BASED ON BAUHAUS GRAPHIC DESIGN, CHINESE WATERCOLOR COLLAGES INSPIRED BY POST MAO DREAMING AND KINETIC SCULPTURES. THE SMITH COLLEGE LIBRARIES ADVANCE TEACHING, LEARNING, RESEARCH, AND DISCOVERY FOR SMITH STUDENTS, FACULTY AND STAFF BY OFFERING COLLECTIONS IN MULTIPLE FORMATS, PROVIDING ACCESS TO INFORMATION WORLDWIDE, AND ESTABLISHING SERVICES AND LEARNING ENVIRONMENTS RESPONSIVE TO USERS' NEEDS. THE LIBRARIES FURTHER SUPPORT WOMEN'S EDUCATION THROUGH AN INTERNATIONALLY RECOGNIZED REPOSITORY OF ARCHIVES AND MANUSCRIPTS DOCUMENTING THE HISTORY OF WOMEN. - WILLIAM ALLEN NEILSON LIBRARY IS THE MAIN LIBRARY WITH STRONG COLLECTIONS IN THE HUMANITIES AND SOCIAL SCIENCES. - ANITA O'K AND ROBERT R. YOUNG SCIENCE LIBRARY HAS AN EXTENSIVE COLLECTION THAT SUPPORTS RESEARCH IN ASTRONOMY, BIOLOGY, CHEMISTRY, COMPUTER SCIENCE, ENGINEERING, EXERCISE AND SPORTS STUDIES, GEOSCIENCES, HISTORY OF SCIENCE, MATHEMATICS, PHYSICS AND PSYCHOLOGY. - HILLYER ART LIBRARY IS A SPECIALIZED BRANCH COLLECTION THAT HOUSES MATERIALS ON THE HISTORY, THEORY, CRITICISM, AND PRACTICE OF THE VISUAL ARTS. - WERNER JOSTEN PERFORMING ARTS LIBRARY SUPPORTS THE TEACHING, LEARNING, RESEARCH, AND PERFORMANCE PROGRAMS OF THE MUSIC, THEATRE AND DANCE DEPARTMENTS. - THE COLLEGE ARCHIVES HOUSES A RICH COLLECTION OF MATERIAL DOCUMENTING THE HISTORY OF SMITH COLLEGE FROM THE 1860S TO THE PRESENT. - MORTIMER RARE BOOK ROOM IS A COLLECTION OF NEARLY 40,000 VOLUMES THAT COVERS THE HISTORY OF PRINTING FROM THE FIFTEENTH CENTURY TO THE TWENTIETH. ALL ASPECTS OF THE BOOK ARTS ARE REPRESENTED. THE COLLECTION IS BEING DIGITIZED, MAKING IT AVAILABLE WITHOUT CHARGE ON THE INTERNET. - THE SOPHIA SMITH COLLECTION IS AN INTERNATIONALLY RECOGNIZED REPOSITORY OF MANUSCRIPTS, PHOTOGRAPHS, PERIODICALS AND OTHER PRIMARY SOURCES IN WOMEN'S HISTORY. PART IV, LINE 2B THE COLLEGE IS THE FISCAL AGENT FOR THE ALUMNAE ASSOCIATION OF SMITH COLLEGE, SMITH STUDENTS' AID SOCIETY, INC., ASSOCIATED KYOTO PROGRAM, SMITH COLLEGE CLUB OF NEW YORK CITY AND THE PERKINS LOAN PROGRAM. PART V, LINE 4 THE SMITH COLLEGE ENDOWMENT PROVIDES A CRITICAL FUNDING STREAM THAT ALLOWS THE COLLEGE TO PROVIDE FINANCIAL AID TO STUDENTS WITH NEED, SHAPE THE COMPOSITION OF ITS FACULTY TO MEET CURRICULAR OBJECTIVES, MAINTAIN AND EXPAND FACILITIES, DEVELOP NEW INITIATIVES AND PROGRAMS TO RESPOND TO CURRENT SOCIETAL AND INTELLECTUAL CHALLENGES, AND KEEP PACE WITH TECHNOLOGICAL CHANGES INTEGRAL TO TODAY'S TEACHING AND LEARNING. AT SMITH, THE ENDOWMENT HAS GROWN TO PROVIDE APPROXIMATELY 30% OF OPERATING REVENUE BY EMPLOYING A SPENDING RATE APPROACH THAT SEEKS THE LARGEST RESPONSIBLE ANNUAL CONTRIBUTION TO OPERATIONS WHILE PROVIDING ADEQUATE DOWNSIDE PROTECTION AGAINST PERIODS OF DECLINING RETURNS AND WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO BENEFIT FUTURE GENERATIONS OF STUDENTS. THE TOP FIVE USES OF THE ENDOWMENT FOR FY2015 WERE AS FOLLOWS: UNDERGRADUATE GRANT AID 34%, FACULTY COMPENSATION 19%, OPERATION & MAINTENANCE OF FACILITIES 5%, LIBRARIES 3% & FACULTY RESEARCH SUPPORT 3%. EFFECTIVE JULY 1, 2014, THE COLLEGE RECLASSIFIED THE CAPITAL RESERVE FUND THE AMOUNT OF $30.5 MILLION FROM ENDOWMENT TO CO-INVESTED TO MORE PROPERLY REFLECT ITS PURPOSE. PART X, LINE 2 The college is an organization described under Internal Revenue Code (IRC)Section 501(c)(3) and is generally exempt from federal and state taxes under the Section 501(a) of the Code and applicable state laws. The college believes it has taken no significant uncertain tax positions. PART XI, LINE 2D ALUMNAE ASSOCIATION 1,509,151 LIFE INCOME FUNDS (40,836) STUDENT GRANTS (66,191,201) SWAPS (4,143,532) TOTAL (68,866,418) PART XI, LINE 4B RENTAL (1,658,928) COST OF GOODS SOLD (887,540) RETURNED GIFTS 132,464 ROUNDING ADJUSTMENT 419 TOTAL (2,413,585) PART XII, LINE 2D RENTAL 1,658,928 ALUMNAE ASSOCIATION 1,043,705 COST OF GOODS SOLD 887,540 RETURNED GIFTS (132,464) ROUNDING ADJUSTMENT (250) TOTAL 3,457,459 PART XII, LINE 4B STUDENT GRANTS 66,191,201 SWAPS 4,143,532 TOTAL 70,334,733 true true true true true true true false false false false false false false false true false true PART I, LINE 3 DUE TO ITS NATIONAL & INTERNATIONAL AUDIENCES FOR STUDENTS AND EMPLOYEES, SMITH COLLEGE INCLUDES ITS NOTICE OF NONDISCRIMINATION IN ALL MARKETING MATERIALS AND ON THE WEB. SMITH COLLEGE IS COMMITTED TO MAINTAINING A DIVERSE COMMUNITY IN AN ATMOSPHERE OF MUTUAL RESPECT & APPRECIATION OF DIFFERENCES. SMITH COLLEGE DOES NOT DISCRIMINATE IN ITS EDUCATIONAL & EMPLOYMENT POLICIES ON THE BASES OF RACE, COLOR, CREED, RELIGION, NATIONAL/ETHNIC ORIGIN, SEX, SEXUAL ORIENTATION, AGE, OR WITH REGARD TO THE BASES OUTLINED IN THE VETERANS READJUSTMENT ACT AND AMERICANS WITH DISABILITY ACT. SMITH'S ADMISSION POLICIES AND PRACTICES ARE GUIDED BY THE SAME PRINCIPLE, CONCERNING WOMEN APPLYING TO THE UNDERGRADUATE PROGRAM AND ALL APPLICANTS TO THE GRADUATE PROGRAMS. PART I, LINE 6A SMITH COLLEGE RECEIVED FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE COLLEGE'S STUDENTS. true East Asia and the Pacific Program Services Int'l Student Scholars 123829 Europe (Including Iceland and Greenland) Program Services Int'l Student Scholars 45483 Middle East and North Africa Program Services Int'l Student Scholars 81186 South America Program Services Int'l Student Scholars 40734 South Asia Program Services Int'l Student Scholars 26609 Sub-Saharan Africa Program Services Int'l Student Scholars 90451 Central America and the Caribbean Program Services College Study Program 284433 East Asia and the Pacific Program Services College Study Program 954452 Europe (Including Iceland and Greenland) 4 8 Program Services College Study Program 6414570 Middle East and North Africa Program Services College Study Program 81439 North America Program Services College Study Program 24858 Russia and the Newly Independent States Program Services College Study Program 87200 South America Program Services College Study Program 420171 South Asia Program Services College Study Program 238290 Sub-Saharan Africa Program Services College Study Program 162994 Europe (Including Iceland and Greenland) Fundraising 41703 East Asia and the Pacific Fundraising 15887 Middle East and North Africa Fundraising 5110 Central America and the Caribbean Grantmaking 8585 East Asia and the Pacific Grantmaking 29629 Europe (Including Iceland and Greenland) Grantmaking 120046 North America Grantmaking 2550 South America Grantmaking 6800 South Asia Grantmaking 3300 Sub-Saharan Africa Grantmaking 9766 Central America and the Caribbean Investments 546786860 Europe (Including Iceland and Greenland) Investments 54591 4 8 4 8 9134289 547027237 556161526 Financial Aid Central America and the Caribbean 10 8585 Cash n/a FMV Financial Aid East Asia and the Pacific 52 153458 Cash n/a FMV Financial Aid Europe (Including Iceland and Greenland) 62 165529 Cash n/a FMV Financial Aid Middle East and North Africa 6 81186 Cash n/a FMV Financial Aid South America 4 47534 Cash n/a FMV Financial Aid South Asia 9 29909 Cash n/a FMV Financial Aid Sub-Saharan Africa 13 100217 Cash n/a FMV true false true true true true PART I, LINE 2 THE COLLEGE MONITORS ALL GRANTS TO ENSURE THAT THE FUNDS ARE UTILIZED APPROPRIATELY. FOR GRANTS APPLIED TO COVER TUITION AND OTHER FEES, ACADEMIC PROGRESS IS REQUIRED TO ENSURE CONTINUED FUNDING. INTERNSHIPS REQUIRE PROOF OF PARTICIPATION AND SATISFACTORY ACADEMIC CONTENT. OTHER FINANCIAL ASSISTANCE REQUIRES DEMONSTRATED NEED. PART I, LINE 3 THE COLLEGE ENCOURAGES STUDY ABROAD FOR ALL OF ITS UNDERGRADUATE STUDENTS. THE COLLEGE OPERATES FOUR PROGRAMS IN EUROPE. IN ADDITION, STUDENTS MAY STUDY ELSEWHERE OUTSIDE THE UNITED STATES AT PREAPPROVED LOCATIONS. THE COLLEGE AND ITS EMPLOYEES MAY ENGAGE IN OTHER ACTIVITIES SUCH AS RESEARCH AND FUNDRAISING. FOR STUDY ABROAD, STUDENTS PAY THE COLLEGE ITS COMPREHENSIVE FEE WITH OFFSETTING GRANTS PROVIDED IN ACCORDANCE WITH STANDARD COLLEGE FINANCIAL AID POLICIES AND PROCEDURES. THE COLLEGE PAYS FOREIGN SCHOOLS TO PROVIDE TEACHING AND ACCOMMODATIONS. FOREIGN TRAVEL AND OTHER EXPENSES REQUIRED FULL REPORTING UNDER THE COLLEGE'S ACCOUNTABLE PLAN FOR REIMBURSEMENT OF BUSINESS EXPENSES. THE COLLEGE'S INVESTMENT STRATEGY ENCOMPASSES A GLOBAL APPROACH TO INVESTMENT ACTIVITIES. THE ACTUAL LOCATION OF THESE INVESTMENTS MAY VARY SIGNIFICANTLY FROM THE LEGAL DOMICILE OF THE INVESTMENT VEHICLE (FUND-OF-FUNDS). X X X X X X true DRIVER 8 LLC Lyndhurst NJ 07071 CONSULTING false 86270 INGEBORG REICHENBACH ITHACA NY 148 CONSULTING false 70246 BLACKBAUD INC CarLsbadCA 92009 CONSULTING false 10108 166624 MA PART I, LINE 3 THE TRUSTEES OF SMITH COLLEGE IS ORGANIZED AND OPERATES IN MASSACHUSETTS AND MAKES ALL APPROPRIATE FILINGS IN MASSACHUSETTS. IT MAINTAINS CONTACT WITH ALUMNAE AND FRIENDS IN EVERY STATE. true New England Public Radio FDN PO Box 2085 Amherst MA 01004 046130523 501 (c)(3) 11543 FMV n/a Massachusetts Foundation for the Humanities 66 Bridge Street Northampton MA 01060 222504778 501 (c)(3) 9250 FMV n/a Woodrow Wilson Internation Ctr for Scholars 1 Woodrow Wilson Plaza 1300 Pennsyl Washington DC 20004 521067541 501 (c)(3) 20000 FMV n/a Cooley Dickinson Hospital Health Care Corp PO Box 329 Northampton MA 01061 042103561 501 (c)(3) 50000 FMV n/a GENERAL SUPPORT 4 Financial Aid applied to Tuition/Fees 2207 65874651 FMV n/a Academic Internships 937 1751337 FMV n/a Prizes 210 188502 FMV n/a Other Financial Assistance 278 135704 FMV n/a MONITOR THE USE OF GRANTS FUNDS IN THE U.S. PART I, LINE 2 SMITH COLLEGE AWARDS SCHOLARSHIP GRANTS AND LOANS TO STUDENTS WHO ARE ABLE TO DEMONSTRATE FINANCIAL NEED. EACH STUDENT IS REQUIRED TO SUBMIT A PARENT'S CONFIDENTIAL QUESTIONNAIRE WHICH BECOMES THE BASIS OF DETERMINING NEED. GUIDELINES ISSUED BY THE COLLEGE SCHOLARSHIP SERVICE ARE USED IN ASCERTAINING THE FINANCIAL REQUIREMENT OF THE STUDENTS. THE FINANCIAL NEED IS GENERALLY MET THROUGH A COMBINATION OF LOANS AND GRANTS. BOTH ARE CREDITED TO THE STUDENT'S SEMESTER BILL THUS REDUCING THE PAYMENT DUE TO THE COLLEGE. THE COLLEGE ALSO AWARDS A RELATIVELY SMALL NUMBER OF MERIT-BASED GRANTS. THE COLLEGE FUNDS INTERNSHIPS THAT MEET RIGOROUS ACADEMIC CRITERIA. OTHER FINANCIAL ASSISTANCE IS PROVIDED TO MEET EMERGENCY TYPE AID ON A CASE-BY-CASE BASIS. THE COLLEGE MONITORS ALL GRANTS TO INDIVIDUALS TO ENSURE THAT FUNDS ARE UTILIZED APPROPRIATELY. FOR GRANTS APPLIED TO COVER TUITION AND OTHER FEES, ACADEMIC PROGRESS IS REQUIRED TO ENSURE CONTINUED FUNDING. INTERNSHIPS REQUIRE PROOF OF PARTICIPATION AND SATISFACTORY ACADEMIC CONTENT. OTHER FINANCIAL ASSISTANCE REQUIRES DEMONSTRATED NEED. GRANTS TO ORGANIZATIONS ARE ONLY MADE TO THOSE RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS BEING DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). X X X true true X X X X X false false false false false false false true false KATHLEEN MCCARTNEY PRESIDENT 453395 0 0 0 2675 0 32010 0 34012 0 522092 0 0 0 RUTH CONSTANTINE VP FINANCE & ADMIN/TREASURER 312323 0 0 0 2088 0 32010 0 8063 0 354484 0 0 0 KATHERINE ROWE PROVOST & DEAN OF FACULTY 117612 0 0 0 175 0 13394 0 22267 0 153448 0 0 0 LAURA SMIAROWSKI CONTROLLER 138138 0 0 0 113 0 16520 0 23507 0 178278 0 0 0 LAURIE FENLASON VP PUBLIC AFFAIRS 248543 0 5000 0 365 0 31748 0 22250 0 307906 0 0 0 DAVID GREGORY VP INFORMATION TECH 198818 0 0 0 1164 0 24107 0 10629 0 234718 0 0 0 BETH B RAFFELD VP FOR DEVELOPMENT 343568 0 0 0 1517 0 32010 0 1797 0 378892 0 0 0 AUDREY YALE SMITH VP ENROLLMENT 181579 0 0 0 724 0 22746 0 47631 0 252680 0 0 0 RANDALL K BARTLETT PROFESSOR 171662 0 0 0 39450 0 25760 0 20777 0 257649 0 0 0 JOHN H DAVIS PROFESSOR 197094 0 0 0 4320 0 24575 0 15218 0 241207 0 0 0 JOSEPH O'ROURKE ASSOCIATE PROVOST 245729 0 2500 0 1589 0 31043 0 21964 0 302825 0 0 0 ANDREW ZIMBALIST PROFESSOR 212849 0 0 0 11453 0 28234 0 25964 0 278500 0 0 0 CAROL T CHRIST PRESIDENT EMERITA 199598 0 0 0 2603 0 23976 0 196 0 226373 0 0 0 MARILYN SCHUSTER FORMER PROVOST 215797 0 0 0 9812 0 26309 0 8296 0 260214 0 0 0 MAUREEN MAHONEY FORMER VP CAMPUS LIFE 209008 0 0 0 1535 0 25718 0 11086 0 247347 0 0 0 COMPENSATION PART I, LINE 1A HOUSING ALLOWANCE: THE PRESIDENT IS REQUIRED TO LIVE ON-CAMPUS IN THE PRESIDENT'S HOUSE AS A CONDITION OF EMPLOYMENT AND, THEREFORE, THE HOUSING ALLOWANCE IS NOT TAXABLE. THE AMOUNT IS INCLUDED IN COLUMN D OF SCHEDULE J, PART II. SOCIAL CLUB MEMBERSHIP FEE: THE PRESIDENT'S MEMBERSHIP FEE TO YALE CLUB OF NEW YORK IS COVERED FOR THE PURPOSES OF CONDUCTING COLLEGE-RELATED BUSINESS. PERSONAL SERVICES: A COLLEGE EMPLOYEE PREPARES MEALS AT THE PRESIDENT'S HOUSE FOR THE CONVENIENCE OF THE COLLEGE. A COLLEGE EMPLOYEE FROM ITS FACILITIES MAINTENANCE DEPARTMENT IS ASSIGNED TO THE PRESIDENT'S HOUSE. THE HOME IS MAINTAINED SIMILARLY TO OTHER CAMPUS FACILITIES. IN ADDITION TO CLEANING AND MAINTAINING THE PUBLIC AREAS OF THE RESIDENCE, THE INDIVIDUAL PERFORMS A SMALL AMOUNT OF LIGHT HOUSEKEEPING (INCLUDING DUSTING AND VACUUMING)IN THE PRESIDENT'S PERSONAL QUARTERS. THIS HOUSEKEEPING IS CONSIDERED TO BE OF NO ADDITIONAL COST TO THE INSTITUTION. A COLLEGE CAR AND DRIVER ARE PROVIDED WHEN TRAVELING ON COLLEGE BUSINESS. THESE BENEFITS ARE NONTAXABLE. THE PRESIDENT REIMBURSES THE COLLEGE FOR ANY NON-BUSINESS USE OF THE CAR AND DRIVER DURING THE YEAR. BONUS/INCENTIVE COMPENSATION PART I, LINE 7 THE COLLEGE DEDICATES A SMALL AMOUNT OF A BONUS POOL TO EACH MEMBER OF THE PRESIDENT'S CABINET TO AWARD WITHIN THEIR DIVISIONS. BONUSES ARE NOT CONTRACTUALLY BASED ON SALES, PRODUCTION, ETC... INSTEAD, THEY ARE TYPICALLY GIVEN FOR EXTRA EFFORT, COMPLETION OF A PROJECT, ETC... AND, THEY ARE TYPICALLY AWARDED AFTER-THE-FACT. A MASSACHUSETTS DEV FINANCE AGENCY (SERIES 2007) 043431814 57583RQZ1 2007-07-31 72960000 RENOVATION & NEW CONSTRUCTION false false false B MASSACHUSETTS DEV FINANCE AGENCY (SERIES 2005) 043431814 57583RBT1 2005-07-20 35196700 RENOVATION & NEW CONSTRUCTION false false false A 0 0 76408987 0 0 0 421040 38954 0 74568993 1380000 0 2010 false false true true B 0 0 36824990 0 0 0 351941 0 0 36473049 0 0 2008 false false true true A false false true true true true 0.00020 0.00020 false false false true B false false true true true true 0.01420 0.01420 false false false true A true true true JP MORGAN CHASE 28.5 true false true DEPFA 3. true false true B false false false true false false 0 true SOCIETE GENERALE 3. true false true A false B false SCHEDULE K, PART II, LINE 3 FOR BOTH BOND ISSUES, THE AMOUNT IN THE TOTAL PROCEEDS OF ISSUE INCLUDES INTEREST INCOME EARNED IN THE UNSPENT CONSTRUCTION FUNDS' BANK ACOUNT. ALL PROCEEDS WERE SPENT ON CONSTRUCTION WITHIN THREE YEARS OF THE BOND ISSUE DATE. SCHEDULE K, PART II, LINE 11 THE OTHER SPENT PROCEEDS OF $1,380,000 WAS THE AMOUNT FROM THE PROCEEDS TO PAY THE ARBITRAGE ON THE 8038-T FILED IN 2011. SCHEDULE K, PART IV, LINE 2C THE ARBITRAGE COMPUTATION IS CALCULATED ANNUALLY FOR BOTH BOND ISSUES BY AMTEC, AN OUTSIDE FIRM. THE LAST CALCULATION WAS PERFORMED FOR APRIL 30, 2014. SCHEDULE K, PART V THE COLLEGE IS IN THE PROCESS OF UPDATING ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. LAURIE FENLASON EMPLOYEE PURCHASE OF HOME X 48000 2121 false true true ANDREW ZIMBALIST EMPLOYEE ACCOUNTS RECEIVABLE X 37 37 false false true DAVID GREGORY EMPLOYEE PURCHASE OF HOME X 75000 60781 false true true MICHAEL HOWARD EMPLOYEE PURCHASE OF HOME X 75000 73219 false true true KATHERINE ROWE EMPLOYEE PURCHASE OF HOME X 75000 73482 false true true 209640 32982 ACCOUNTABLE PLAN EXPENSES RESEARCH & PROF DEVLPMNT COLLEGIATE CATALYST FUND LAURA SMIAROWSKI- OFFICER 195075 INSURANCE PREMIUMS false COLLEGIATE CATALYST FUND LAURA SMIAROWSKI- OFFICER 117425 CLAIMS PAID false INDEPENDENT SCHOOLS COMPENSATION CO LAURA SMIAROWSKI- OFFICER 529550 INSURANCE PREMIUMS false INDEPENDENT SCHOOLS COMPENSATION CO LAURA SMIAROWSKI- OFFICER 387828 CLAIMS PAID false LINDA GREGORY SPOUSE OF KEY EMPLOYEE 27465 STAFF EMPLOYEE false X 49 2143695 APRAISL/DONOR EST. X 208388 APRAISL/DONOR EST. X 290 8414606 AVERAGE DAILY VALUE X 4 946805 STATEMENT OF ACCOUNT X MISCELLANEOUS 6 28594 APRAISL/DONOR EST. X ARCHIVAL RECORD 45 0 INDETERMINABLE VALUE X ARCHIVAL RECORD 59 0 INDETERMINABLE VALUE 22 false true false PART I, LINE 26 THE COLLEGE ARCHIVES HISTORICALLY VALUABLE RECORDS OF THE INSTITUTION AND THE PERSONAL PAPERS OF SELECTED ADMINISTRATORS, FACULTY, STAFF, STUDENTS AND ALUMNAE. HISTORICAL VALUE ONLY. NO REVENUE RECOGNIZED. PART I, LINE 27 THE SOPHIA SMITH COLLECTION AT SMITH COLLEGE IS AN INTERNATIONALLY RECOGNIZED REPOSITORY OF MANUSCRIPTS, ARCHIVES, PERIODICALS AND OTHER PRIMARY SOURCES IN WOMEN'S HISTORY. THE COLLECTIONS CONSIST OF APPROXIMATELY 592 COLLECTIONS DOCUMENTING THE HISTORICAL EXPERIENCE OF WOMEN IN THE UNITED STATES AND ABROAD FROM THE COLONIAL PERIOD TO THE PRESENT. SUBJECT STRENGTHS INCLUDE BIRTH CONTROL AND REPRODUCTIVE RIGHTS, WOMEN'S RIGHTS, SUFFRAGE, THE CONTEMPORARY WOMEN'S MOVEMENT ACROSS RACE, CLASS, AND SEXUAL ORIENTATION, US WOMEN WORKING ABROAD, THE ARTS (ESPECIALLY THEATRE), THE PROFESSIONS (ESPECIALLY JOURNALISM AND Social WORK), AND MIDDLE CLASS FAMILY LIFE IN 19th- AND 20th- CENTURY NEW ENGLAND. HISTORICAL VALUE ONLY. NO REVENUE RECOGNIZED. ORGANIZATION'S MISSION AND VALUES Form 990, Part I, Line 1 and Part III, Line 1 *MISSION* SMITH COLLEGE EDUCATES WOMEN OF PROMISE FOR LIVES OF DISTINCTION. A COLLEGE OF AND FOR THE WORLD, SMITH LINKS THE POWER OF THE LIBERAL ARTS TO EXCELLENCE IN RESEARCH AND SCHOLARSHIP, DEVELOPING LEADERS FOR SOCIETY'S CHALLENGES. *VALUES* SMITH IS A COMMUNITY DEDICATED TO LEARNING, TEACHING, SCHOLARSHIP, DISCOVERY, CREATIVITY AND CRITICAL THOUGHT. SMITH IS COMMITTED TO ACCESS AND DIVERSITY, RECRUITING AND SUPPORTING TALENTED, AMBITIOUS WOMEN OF ALL BACKGROUNDS. SMITH EDUCATES WOMEN TO UNDERSTAND THE COMPLEXITY OF HUMAN HISTORY AND THE VARIETY OF THE WORLD'S CULTURES THROUGH ENGAGEMENT WITH SOCIAL, POLITICAL, AESTHETIC AND SCIENTIFIC ISSUES. SMITH PREPARES WOMEN TO FULFILL THEIR RESPONSIBILITIES TO THE LOCAL, NATIONAL AND GLOBAL COMMUNITIES IN WHICH THEY LIVE AND TO STEWARD THE RESOURCES THAT SUSTAIN THEM. PROGRAM SERVICE ACCOMPLISHMENT #1 FORM 990, PART III, LINE 4A UNDERGRADUATE EDUCATIONAL PROGRAMS SERVING ~2,500 UNDERGRADUATES IN NORTHAMPTON AND 250 STUDYING ELSEWHERE. SMITH COLLEGE OFFERS 1,000 COURSES IN MORE THAN 50 AREAS OF STUDY. EACH YEAR NEARLY HALF OF SMITH COLLEGE JUNIORS STUDY ABROAD. SMITH'S PROGRAMS IN FLORENCE, GENEVA, HAMBURG AND PARIS COMBINE RIGOROUS ACADEMICS WITH THE EXPERIENCE OF LIVING IN ANOTHER COUNTRY AND DISCOVERING A NEW CULTURE. FOR EXTRACURRICULAR ACTIVITIES, THE COLLEGE HAS MORE THAN 100 CHARTERED STUDENT ORGANIZATIONS WITH A RANGE OF SERVICES & ACTIVITIES, 13 VARSITY SPORTS AND EXTENSIVE INTRAMURAL AND CLUB SPORTS PROGRAMS. THE CAMPUS SCHOOL (K TO 6) AND THE CENTER FOR EARLY CHILDHOOD EDUCATION SERVE AS LABORATORIES FOR THE DEPARTMENT OF EDUCATION & CHILD STUDY. PROGRAM SERVICE ACCOMPLISHMENT #2 FORM 990, PART III, LINE 4B THE SCHOOL FOR SOCIAL WORK OFFERS A MASTER OF SOCIAL WORK (M.S.W.) DEGREE WHICH FOCUSES ON CLINICAL SOCIAL WORK AND EMPHASIZES DIRECT FIELD WORK PRACTICE. THE PROGRAM STRESSES THE INTEGRATION OF CLINICAL THEORY & PRACTICE WITH AN UNDERSTANDING OF THE SOCIAL CONTEXTS IN WHICH PEOPLE LIVE. IT ALSO EMPHASIZES AN UNDERSTANDING OF THE SOCIAL POLICIES AND ORGANIZATIONAL STRUCTURE THAT INFLUENCE OUR SERVICE DELIVERY SYSTEM. IN ADDITION, THE SCHOOL OFFERS A PH. D. PROGRAM DESIGNED TO PREPARE MSWS FOR LEADERSHIP POSITIONS IN CLINICAL RESEARCH, EDUCATION, AND PRACTICE. IT ALSO HAS EXTENSIVE POSTGRADUATE OFFERINGS THROUGH ITS CONTINUING EDUCATION PROGRAM. PROGRAM SERVICE ACCOMPLISHMENT #3 FORM 990, PART III, LINE 4C GRADUATE EDUCATIONAL PROGRAMS OFFER WOMEN & MEN GRADUATE WORK LEADING TO THE DEGREES OF MASTER OF ARTS IN TEACHING (ELEMENTARY, MIDDLE OR HIGH SCHOOL), MASTER OF FINE ARTS, MASTER OF EDUCATION OF THE DEAF, MASTER OF SCIENCE IN BIOLOGICAL SCIENCES, AND MASTER OF SCIENCE IN EXERCISE AND SPORT STUDIES. IN SPECIAL ONE-YEAR PROGRAMS, INTERNATIONAL STUDENTS MAY QUALIFY FOR A CERTIFICATE OF GRADUATE STUDIES OR A DIPLOMA IN AMERICAN STUDIES. EACH YEAR ~100 MEN & WOMEN PURSUE SUCH ADVANCED WORK. INDIVIDUALS MAY ALSO ENROLL AS NON-DEGREE STUDENTS BY REGISTERING FOR ONE OR MORE COURSES. MOST GRADUATE COURSES ARE PLANNED FOR GRADUATE STUDENTS WHO ARE DEGREE CANDIDATES. OTHER PROGRAM SERVICE ACCOMPLISHMENT FORM 990, PART III, LINE 4D PROFESSIONAL DEVELOPMENT AND SUMMER PROGRAMS: OUTREACH PROGRAMS EXTEND SMITH COLLEGE'S ACADEMIC AND CULTURAL RESOURCES TO THE BROADER COMMUNITY, BOTH LOCALLY AND NATIONALLY. THE COLLEGE OFFERS PROGRAMS FOR CHILDREN & THEIR FAMILIES, FROM PRE-SCHOOL THROUGH HIGH SCHOOL, AS WELL AS FOR EDUCATORS. SOME PROGRAMS HIGHLIGHT SMITH'S LEADERSHIP IN SCIENCE AND ENGINEERING EDUCATION. OTHERS REFLECT THE COLLEGE'S COMMITMENT TO CREATING OPPORTUNITIES FOR GIRLS AND YOUNG WOMEN. STILL OTHERS UTILIZE ITS WORLD-CLASS MUSEUM AND GARDENS, AS WELL AS OTHER RENOWNED CAMPUS RESOURCES. FACULTY ENGAGE IN SPONSORED AND COLLEGE FUNDED PROFESSIONAL DEVELOPMENT AND RESEARCH. SMITH EXECUTIVE EDUCATION FOR WOMEN: SMITH EXECUTIVE EDUCATION FOR WOMEN IS DESIGNED TO GROW WOMEN LEADERS. PARTICIPANTS IN SMITH'S EXECUTIVE EDUCATION PROGRAM BENEFIT FROM COURSES, SEMINARS & DISCUSSIONS THAT ARE CUSTOM-DESIGNED TO MEET THE NEEDS OF SPONSORING CORPORATIONS AND THE NEEDS OF INDIVIDUAL ATTENDEES. WORLD-CLASS FACULTY FROM MANY OF THE WORLD'S LEADING BUSINESS SCHOOLS AND CORPORATIONS ARE HAND-PICKED EACH YEAR TO TEACH IN SMITH'S EXECUTIVE EDUCATION PROGRAM, BASED ON CLASS MAKE-UP AND IDENTIFIED LEARNING OBJECTIVES. PARTICIPATION IN ANY SMITH EXECUTIVE EDUCATION PROGRAM GIVES PARTICIPANTS THE CHANCE TO NETWORK WITH THEIR PEERS FROM MANY OTHER COMPANIES, TO LEARN ABOUT OTHER INDUSTRIES, AND TO FORGE PROFESSIONAL RELATIONSHIPS AND FRIENDSHIPS WITH OTHER WOMEN PROFESSIONALS. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A SMITH COLLEGE'S DRAFT FORM 990 WAS REVIEWED BY MEMBERS OF THE TRUSTEES OF SMITH COLLEGE, THE ACCOUNTING STAFF, MANAGEMENT, THE BOARD OF TRUSTEES' AUDIT COMMITTEE, AND THE COLLEGE'S PAID TAX PROFESSIONALS. AN ELECTRONIC COPY OF THE FINAL RETURN WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE FIDUCIARIES OF THE COLLEGE AND ARE EXPECTED TO AVOID CONFLICTS AND THE APPEARANCE OF CONFLICTS BETWEEN THEIR PERSONAL INTERESTS, THE INTERESTS OF THE COLLEGE AND EACH OTHER. A) TRUSTEES AND OFFICERS WHO BELIEVE THAT SHE OR HE OR ANY MEMBER OF HER OR HIS FAMILY MAY HAVE A CONFLICT OF INTEREST OR MAY APPEAR TO HAVE A CONFLICT OF INTEREST WITH RESPECT TO ANY PARTICULAR TRANSACTION SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT TO THE PRESIDENT AND THE CHAIR OF THE BOARD OF TRUSTEES WHO SHALL TAKE APPROPRIATE ACTION. B)EACH TRUSTEE AND OFFICER SHALL FILE A FINANCIAL DISCLOSURE STATEMENT DETAILING CORPORATE AND OTHER OWNERSHIP INTERESTS AND BOARD MEMBERSHIPS BY THE TRUSTEE OR OFFICER AND HER OR HIS FAMILY MEMBERS AT LEAST ANNUALLY WITH THE SECRETARY OF THE BOARD. TRUSTEES AND OFFICERS HAVE AN AFFIRMATIVE OBLIGATION TO UPDATE THE FINANCIAL DISCLOSURE STATEMENTS AS THEY BECOME AWARE OF CHANGES IN THEIR FINANCIAL SITUATION. C)GENERAL TREATMENT OF DISCLOSURES: 1)ALL DISCLOSURES SHALL BE MADE KNOWN TO THE MEMBERS OF THE EXECUTIVE COMMITTEE WHICH SHALL DETERMINE WHAT ACTION, IF ANY, TO TAKE AND WHETHER FURTHER DISCLOSURE TO OTHER MEMBERS OF THE BOARD IS REQUIRED. 2) ALL INFORMATION CONCERNING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST SHALL BE MAINTAINED BY THE SECRETARY OF THE COLLEGE AND DISCLOSED ONLY TO THE MEMBERS OF THE EXECUTIVE COMMITTEE AND, IF NECESSARY, MEMBERS OF THE AUDIT COMMITTEE AND CONSULTANTS INVOLVED IN THE COLLEGE'S AUDITING PROCESS. IN ADDITION, MEMBERS OF THE PRESIDENT'S SENIOR ADMINISTRATIVE TEAM WILL RECEIVE INFORMATION ABOUT DISCLOSURES ON A NEED TO KNOW BASIS. 3) THE SECRETARY OF THE BOARD ANNUALLY, AND AT OTHER TIMES ON REQUEST FROM ANY MEMBER OF THE BOARD, SHALL MAKE AVAILABLE TO THE MEMBERS OF THE BOARD COPIES OF THE CONFLICT OF INTEREST POLICY AND FORMS FOR DISCLOSING CONFLICTS. 4)EACH TRUSTEE AND EACH OFFICER SHALL COMPLETE AND FILE ANNUALLY, OR MORE OFTEN AS DETERMINED BY THE EXECUTIVE COMMITTEE, A CONFLICT OF INTEREST DISCLOSURE STATEMENT WITH THE SECRETARY OF THE BOARD OF TRUSTEES. 5) THE TRUSTEE OR OFFICER HAVING SUCH CONFLICT SHALL NOT VOTE AND SHALL NOT PARTICIPATE OR USE ANY PERSONAL INFLUENCE IN THE DISCUSSION OF THE SUBJECT OR MAKE ANY RECOMMENDATIONS REGARDING THE SUBJECT. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DUE DILIGENCE OF EXECUTIVE AND EMPLOYEE COMPENSATION TO ASSURE THAT ALL ASPECTS COMPLY WITH IRS REQUIREMENTS FOR NON-PROFIT COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGE FOR THE PRESIDENT ANNUALLY, CONSIDERING COMPARISON INFORMATION AS WELL AS THE LEVEL OF SALARY INCREASES PROPOSED FOR FACULTY AND ADMINISTRATIVE STAFF. THE COMMITTEE OBTAINS AND RELIES ON THE FOLLOWING WRITTEN MATERIALS, PROVIDED IN ADVANCE OF THE MEETING: (1) HISTORICAL COMPENSATION FOR THE PRESIDENT, (2) YEARS OF SERVICE IN POSITION, AND (3) A MARKET STUDY OF COMPENSATION, BASED ON COMPARABLE DATA FROM 19 SELECTIVE LIBERAL ARTS COLLEGES. AFTER DISCUSSION, THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE AND THE PRESIDENT MEET TO DETERMINE THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES USING THE SAME CRITERIA. IN COMPLIANCE WITH THE REBUTTABLE PRESUMPTION STANDARDS, SMITH COLLEGE CONSIDERS GEOGRAPHIC LOCATION, ADMISSIONS OVERLAP, ENDOWMENT SIZE, AND ITS MARKET FOR EXECUTIVE LEVEL MANAGERS WHEN IDENTIFYING ITS COMPARABLE PEERS. FURTHERMORE, ALL EXECUTIVE COMMITTEE DECISIONS ARE DOCUMENTED CONCURRENTLY IN THE EXECUTIVE COMMITTEE BOARD MINUTES. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE AT WWW.SMITH.EDU. THE COLLEGE'S FORM 990, FORM PC AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AT WWW.MASS.GOV/AGO. THE COLLEGE WILL PROVIDE PAPER COPIES OF THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORMS 990 AND 990-T UPON REQUEST. OTHER CHANGES TO NET ASSETS Form 990, Part XI, Line 9 Change in Life Income Funds $(40,836) Other Changes $ 3,897 Total $(36,939) REASON FOR AMENDED RETURN FORM 990, HEADER, SECTION B THE TRUSTEES OF THE SMITH COLLEGE IS AMENDING FORM 990 FOR FISCAL YEAR ENDED JUNE 30, 2015 TO REPORT ADDITIONAL INFORMATION ON SCHEDULE B, SCHEDULE OF CONTRIBUTORS, TO ADJUST SCHEDULE A, PART II, LINE 5 BASED ON ADDITIONAL SCHEDULE B INFORMATION, AND TO CORRECT CERTAIN COMPENSATION AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II. ALUMNAE ASSOCIATION OF SMITH COLLEGE 33 ELM STREET NORTHAMPTON MA 01063 042103649 ALUMNAE SERV MA 501(C)(3) 11(C) NA false SMITH STUDENT AID SOCIETY INC 123-125 ELM STREET NORTHAMPTON MA 01063 046052751 STUDENT AID MA 501(C)(3) 11(C) NA false ASSOCIATED KYOTO PROGRAM 10 ELM STR COLLEGE HALL 204 NORTHAMPTON MA 01063 042996114 EDUCATION MA 501(C)(3) 11(C) NA false CRUT (3) INVESTING CA NA Trust true TRUST (1) INVESTING CA NA Trust true CRUT (6) INVESTING CT NA Trust true TRUST (4) INVESTING CT NA Trust true CRUT (4) INVESTING FL NA Trust true TRUST (1) INVESTING FL NA Trust true CRAT (1) INVESTING MA NA Trust true CRUT (7) INVESTING MA NA Trust true PIF (2) INVESTING MA NA Trust true TRUST (12) INVESTING MA NA Trust true CRUT (2) INVESTING MD NA Trust true CRUT (1) INVESTING ME NA Trust true TRUST (1) INVESTING MO NA Trust true CRUT (3) INVESTING NC NA Trust true TRUST (1) INVESTING IN NA Trust true CRUT (1) INVESTING NH NA Trust true CRUT (2) INVESTING NJ NA Trust true TRUST (2) INVESTING NJ NA Trust true CRUT (13) INVESTING NY NA Trust true TRUST (7) INVESTING NY NA Trust true CRUT (1) INVESTING OH NA Trust true TRUST (1) INVESTING OK NA Trust true CRUT (1) INVESTING PA NA Trust true TRUST (1) INVESTING RI NA Trust true CRUT (4) INVESTING TX NA Trust true TRUST (4) INVESTING TX NA Trust true CRUT (1) INVESTING VA NA Trust true TRUST (3) INVESTING VT NA Trust true CURT (1) INVESTING WA NA Trust true TRUST (1) INVESTING NA Trust true true false false false false false false false false false false true true true false true true false false CRUT'S CRAT'S PIF'S PERPETUAL REMAINDER A(i) 673697 PV TRUST