2017-05-11T13:54:02-05:00 2016-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 990 2015-07-01 042104847 WILLIAMS COLLEGE % SUSAN HOGAN WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 FREDERICK W PUDDESTER VP FIN/ADMIN & TREAS 4135974412 2017-05-05 true GWEN SPENCER P00641463 6175305000 2017-05-01 2015 2021-01-29 14:40:06Z ADAM F FALK HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 341354597 false X www.williams.edu X 1793 MA SEE SCHEDULE O. 22 21 3573 2941 -2476682 -3313280 133207640 68769484 131342735 138589497 229017590 130912090 2935286 3083526 496503251 341354597 46455434 53888555 0 0 125593818 132817992 0 0 11397091 91873472 98702535 263922724 285409082 232580527 55945515 3113969064 2996002215 459003655 463458047 2654965409 2532544168 X SEE SCHEDULE O. false false 240564909 53888555 138589497 SEE SCHEDULE O. 240564909 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 false false true true false false true true true true false false true 3009 0 true 3573 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 false true true false CA IN MA OK X X X SUSAN HOGAN 4135974204 PO BOX 67 WILLIAMSTOWN MA 01267 X ELIZABETH A ANDERSEN TRUSTEE 4.0 0.0 X 0 0 0 BARBARA A AUSTELL TRUSTEE 4.0 0.0 X 0 0 0 TIMOTHY A BARROWS TRUSTEE 4.0 0.0 X 0 0 0 BRIAN D CARPENTER 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 STEPHEN HARTY TRUSTEE 4.0 0.0 X 0 0 0 JOEY SHAISTA HORN 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 ROBERT G SCOTT TRUSTEE 4.0 1.0 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 640643 0 170178 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 40.0 0.0 X 1020615 0 455408 KELI A GAIL SECRETARY OF THE COLLEGE 40.0 0.0 X 165744 0 66950 STEPHEN P KLASS VP FOR CAMPUS LIFE 40.0 0.0 X 326932 0 51363 JOHN MALCOLM VP FOR COLLEGE RELATIONS 40.0 0.0 X 276165 0 38772 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 40.0 0.0 X 417162 0 55358 ANGELA P SCHAEFFER CHIEF COMMUNICATION OFFICER 40.0 0.0 X 155072 0 42179 LETICIA S E HAYNES VP INSTL. DIVERSITY & EQUITY 40.0 0.0 X 88681 0 32360 DENISE BUELL DEAN OF THE FACULTY 40.0 0.0 X 241097 0 50548 SARAH BOLTON DEAN OF COLL/PROF OF PHYSICS 40.0 0.0 X 254794 0 52102 WILLIAM DUDLEY PROVOST, PROF OF PHILOSOPHY 40.0 0.0 X 260089 0 50761 JULIA CROSBY Managing Director, INV OFFICE 40.0 0.0 X 397369 0 123298 LOUIS SOUSA Managing Director, INV OFFICE 40.0 X 548075 0 174498 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 40.0 0.0 X 560082 0 190019 ABIGAIL WATTLEY Director, INV OFFICE 40.0 0.0 X 233280 0 83025 ROBERT FISHER FACULTY MEMBER 40.0 0.0 X 522599 0 18708 JAMES KOLESARUT63015 VP PUBLIC AFFAIRS/FRMR OFFICER 40.0 0.0 X 141877 0 37735 WILLIAM LENHARTUT 611 PROF COMP SCIENCE/FRMR OFFICER 40.0 0.0 X 209565 0 48067 PETER MURPHY UT 614 PROF ENGLISH/FRMR KEY EMP 40.0 0.0 X 164888 0 41359 6624729 0 1782688 246 true true false WHITING TURNER CONTRACTING COMPANY 1 PINE WEST PLZ ALBANY NY 12205 CONSTRUCTION 7380028 ENGELBERTH CONSTRUCTION INC 463 MOUNTIAN VIEW DRIVE COLCHESTER VT 05446 CONSTRUCTION 6163695 JM MAXYMILLIAN INC 1801 East St Pittsfield MA 01201 CONSTRUCTION 4602117 ALBERT CUMMINGS IV GENERAL CONT I 228 MAIN STREET SUITE 414 WILLIAMSTOWN MA 01267 CONSTRUCTION 3441077 SHAWMUT DESIGN AND CONSTRUCTION IN 1111 ELM STREET WEST SPRINGFIELD MA 01089 CONSTRUCTION 2824164 84 2299725 66469759 8682570 68769484 TUITION ROOM AND BOARD 900099 132650467 132650467 WILLIAMS INN 721000 3425416 249954 3175462 AUXILIARY REVENUE 721110 2008924 2008924 ALL OTHER PROGRAM SERVICES 900099 504690 504690 138589497 397759 -3592461 3990220 2237 2237 0 1860286 1860286 0 1860286 1860286 130512094 130512094 130512094 1115779 129396315 0 0 0 CONFERENCES 900099 1154290 1154290 RECREATION ACTIVITIES 713940 68950 68950 1223240 341354597 133405111 -2476682 141656684 5477897 5477897 47547446 47547446 863212 863212 0 3417816 905468 1689382 822966 219658 219658 93934721 80812334 9361640 3760747 7963661 6206828 1399270 357563 20594366 16298937 3467545 827884 6687770 5212407 1175087 300276 0 266762 12376 241049 13337 263726 3870 259856 0 0 0 22522343 15251207 5556944 1714192 213442 127182 85537 723 9367441 8221002 646816 499623 1961752 1908714 49977 3061 0 6607513 5701030 454450 452033 6931527 5440496 566411 924620 0 237408 170292 31927 35189 9770599 7615145 1716761 438693 0 26353777 20539972 4630539 1183266 1227232 13592 1213640 FELLOWSHIPS, STUDENT PRIZES 3896708 3896708 EQUIPMENT RENTAL/MAINTENANCE 9082305 8119136 900251 62918 285409082 240564909 33447082 11397091 13631785 18563534 30571611 36014281 147220340 140841594 800862 1176191 458428 471874 0 0 15517333 15640682 338885 312889 12111851 9614032 828743091 333062487 462281402 495680604 54296110 53501257 2370118283 2224185277 0 0 0 0 6622174 0 3113969064 2996002215 57615875 72170307 0 0 2639744 1848731 339226607 327710857 56216388 58458322 0 0 0 0 0 0 3305041 3269830 459003655 463458047 X 345196584 326063381 1703083845 1577534394 606684980 628946393 2654965409 2532544168 3113969064 2996002215 X 55945515 -173646226 -4720530 X false true X true true true X 52694308 47342033 59651639 133207640 68769484 361665104 0 0 52694308 47342033 59651639 133207640 68769484 361665104 78259750 283405354 6018435 4727253 2089574 4604771 5852743 23292776 0 0 384957880 625119839 0.73620 0.70370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 44509 44509 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 101000 2074471 true true 630527 47257549 X X X X false false true X 2343516277 25914486 -35220177 24661307 98014290 4927839 2206607150 2146252925 99282688 213600715 21630783 87704016 6285252 2343516277 1889182032 27395128 332991623 20156756 77580817 5578285 2146252925 1716033537 14903994 255857256 18826874 74186377 4699504 1889082032 1742016968 17712878 53538731 14592522 77222791 5419727 1716033537 0.09480 0.25420 0.65100 false false 1380104 12274712 13654816 4596759 599551494 267871968 336276285 86053670 47918534 38135136 124886352 17271985 107614367 495680604 EQUITY FUNDS (LONG & SHORT) 918463843 F ABSOLUTE RETURN FUND 380391276 F VENTURE CAPITAL FUNDS 304152853 F BUYOUT FUNDS 156905383 F REAL ASSET FUNDS 86068299 F REAL ESTATE FUNDS 99087802 F FIXED INCOME FUNDS 245292706 F OTHER INVESTMENT ASSETS 33823115 F 2224185277 0 US GOV'T ADVANCES FOR STUDENTS 3269830 3269830 X 114577183 -173646226 -4720530 -178366756 292943939 48410658 48410658 341354597 236998424 236998424 48410658 48410658 285409082 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 $(4,982,156) LOSS ON FINANCIAL CONTRACTS $(1,582,780) INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,844,406 ____________ TOTAL $(4,720,530) FORM 990, SCHEDULE D, PART XI, LINE 4B FINANCIAL AID 48,410,658 FORM 990, SCHEDULE D, PART XII, LINE 4B FINANCIAL AID 48,410,658 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 South Asia 1 Program Services RESEARCH 46089 South Asia Program Services INSTRUCTION 46178 Europe (Including Iceland and Greenland) 1 1 Program Services INSTRUCTION 1178699 Europe (Including Iceland and Greenland) Program Services RESEARCH 204530 Europe (Including Iceland and Greenland) Investments 13805048 Sub-Saharan Africa Investments 14898090 Sub-Saharan Africa Program Services INSTRUCTION 29822 Central America and the Caribbean Program Services RESEARCH 96229 Central America and the Caribbean Program Services INSTRUCTION 73753 Russia and the Newly Independent States Program Services INSTRUCTION 23285 South America Program Services RESEARCH 1300 Central America and the Caribbean Investments 1023975333 Europe (Including Iceland and Greenland) Program Services INSTRUCTION 13201 North America Program Services RESEARCH 4846 North America Program Services INSTRUCTION 12062 1 2 1 2 1054408465 1054408465 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Europe (Including Iceland and Greenland) 13 623202 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Sub-Saharan Africa 14 25549 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Central America and the Caribbean 24 102420 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS East Asia and the Pacific 3 15381 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS South America 2 4916 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Russia and the Newly Independent States 7 14791 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Middle East and North Africa 2 390 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS South Asia 13 53511 OTHER N/A FMV FINANCIAL AID - SCHOLARSHIPS TO STUDENTS North America 10 23052 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 SCHOLARSHIPS Mystic Seaport 75 Greenmanville Ave Mystic CT 06355 060653120 501(C)(3) 120000 N/A SCHOLARSHIPS Northern Berkshire United Way PO Box 955 North Adams MA 01247 042104785 501(C)(3) 6409 N/A SCHOLARSHIPS VILLAGE AMBULANCE SERVICE INC 30 WATER STREET WILLIAMSTOWN MA 01267 042756911 501(C)(3) 21000 N/A SCHOLARSHIPS Williamstown Community Chest PO Box 204 Williamstown MA 01267 046044550 501(C)(3) 30764 N/A SCHOLARSHIPS Williamstown Fire District 34 Water Street Williamstown MA 01267 042931280 115 29560 N/A Program Support Williamstown Youth Center 66 School Street Williamstown MA 01267 042105836 501(C)(3) 50000 N/A Program Support Images Cinema 50 Spring Street Williamstown MA 01267 046407257 501(C)(3) 30000 N/A Program Support WilliNet 34 Spring Street Williamstown MA 01267 043253056 501(C)(3) 12500 N/A MEDICAL SERVICES NORTH ADAMS PARTNERSHIP 87 MARSHALL STREET NORTH ADAMS MA 01247 452625578 501(C)(3) 30000 N/A Charitable Contribution MT GREYLOCK REGIONAL SCHOOL DISTRICT 1781 Cold Spring Rd Williamstown MA 01267 046006433 115 5000000 N/A Program Support Williamstown Elementary School 115 Church St Williamstown MA 01267 046001368 115 67664 N/A Charitable Contribution BERKSHIRE TOMORROWS INC 1 Fenn Street Pittsfield MA 01201 030572303 501(C)(3) 20000 N/A DESTINATION WILLIAMSTOWN PO Box 536 Williamstown MA 01267 472774322 501(C)(3) 10000 N/A 14 0 Financial aid - scholarships to students 1073 47547446 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 484215 0 0 0 156428 0 120861 0 49317 0 810821 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 448959 0 553280 0 18376 0 414277 0 41131 0 1476023 0 244617 0 KELI A GAIL SECRETARY OF THE COLLEGE 164307 0 0 0 1437 0 18682 0 48268 0 232694 0 0 0 STEPHEN P KLASS VP FOR CAMPUS LIFE 325498 0 0 0 1434 0 29952 0 21411 0 378295 0 0 0 JOHN MALCOLM VP FOR COLLEGE RELATIONS 275993 0 0 0 172 0 29952 0 8820 0 314937 0 0 0 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 398970 0 0 0 18192 0 29952 0 25406 0 472520 0 0 0 ANGELA P SCHAEFFER CHIEF COMMUNICATION OFFICER 154702 0 0 0 370 0 17657 0 24522 0 197251 0 0 0 DENISE BUELL DEAN OF THE FACULTY 240968 0 0 0 129 0 27796 0 22752 0 291645 0 0 0 SARAH BOLTON DEAN OF COLL/PROF OF PHYSICS 253918 0 0 0 876 0 29350 0 22752 0 306896 0 0 0 WILLIAM DUDLEY PROVOST, PROF OF PHILOSOPHY 256059 0 0 0 4030 0 29350 0 21411 0 310850 0 0 0 JULIA CROSBY Managing Director, INV OFFICE 271690 0 124839 0 840 0 101153 0 22145 0 520667 0 48326 0 LOUIS SOUSA Managing Director, INV OFFICE 334597 0 212638 0 840 0 152087 0 22411 0 722573 0 82313 0 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 331021 0 228221 0 840 0 152087 0 37932 0 750101 0 96486 0 ABIGAIL WATTLEY Director, INV OFFICE 158492 0 74788 0 0 0 58496 0 24529 0 316305 0 31430 0 ROBERT FISHER FACULTY MEMBER 71442 0 0 0 451157 0 7865 0 10843 0 541307 0 0 0 JAMES KOLESARUT63015 VP PUBLIC AFFAIRS/FRMR OFFICER 141877 0 0 0 0 0 15532 0 22203 0 179612 0 0 0 WILLIAM LENHARTUT 611 PROF COMP SCIENCE/FRMR OFFICER 209507 0 0 0 58 0 24106 0 23961 0 257632 0 0 0 PETER MURPHY UT 614 PROF ENGLISH/FRMR KEY EMP 164888 0 0 0 0 0 18607 0 22752 0 206247 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 UNFORESEEN TIMING CONSTRAINTS, THE PRESIDENT TRAVELED ON ONE DOMESTIC CHARTER FLIGHT FOR BUSINESS PURPOSES DURING 2015. 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 THE COLLEGE MADE THE FOLLOWING LUMP SUM PAYMENTS IN 2015 BASED ON THE VOLUNTARY EARLY RETIREMENT INCENTIVE PLAN: $110,792 TO ROBERT FISHER, REPRESENTING THE FIRST OF TWO EQUAL LUMP SUM PAYMENTS TOTALING 200% OF HIS 2014-15 INSTITUTIONAL BASE SALARY. FORM 990, SCHEDULE J, PART I, LINE 4B THE COLLEGE ESTABLISHED DEFERRED COMPENSATION PLANS FOR CERTAIN EMPLOYEES. THE TERMS OF THE PLANS PROVIDE FOR THE COLLEGE TO MAKE ANNUAL SET-ASIDES AND LUMP SUM PAYOUTS AT THE VESTING DATE OF THE PLANS, PROVIDED EACH REMAINS IN HIS OR HER POSITION UNTIL THE VESTING DATE OF THEIR RESPECTIVE PLANS. 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 NEW CONSTRUCTION & 1999 ADV REFUND 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 true false false D MASS HEALTH & EDU FACILITIES AUTHORITY 042456011 57585KW79 2003-04-02 115049757 CONSTRC AND 1993 CURRENT REFUNDING false false false A 13189069 34200000 76536465 0 0 0 518260 0 0 66333146 9685059 0 2008 false true true true B 9792193 0 92077256 0 0 0 661056 0 0 50166200 41250000 0 2013 true false true true C 9852664 11065000 73396573 0 0 0 556293 0 0 0 72840280 0 2006 true false true true D 93104683 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 true 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 SUPPLEMENTAL INFORMATION- FORM 990, SCHEDULE K, PART VI FORM 990, SCHEDULE K-1, 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 A 6501003 0 148355419 0 0 45265000 840287 0 0 67001789 35248343 0 2015 true true true true A false false false false 0 0.01370 0.01370 false false false true A false true true false false false 0 false 0 false true A true KELI GAIL OFFICER MORTGAGE ON PRIMARY X 70000 19812 false true true SARAH BOLTON KEY EMPLOYEE MORTGAGE ON PRIMARY X 80232 56000 false true true STEPHEN KLASS OFFICER MORTGAGE ON PRIMARY X 100000 70785 false true true JOHN MALCOLM OFFICER MORTGAGE ON PRIMARY X 40000 33264 false true true FREDERICK PUDDESTER OFFICER MORTGAGE ON PRIMARY X 100000 91014 false true true ADAM FALK OFFICER MORTGAGE ON PRIMARY X 100000 87645 false true true DENISE BUELL OFFICER MORTGAGE ON PRIMARY X 81880 72285 false true true ANGELA SCHAEFFER OFFICER MORTGAGE ON PRIMARY X 50000 41069 false true true 471874 X 5 562045 Appraisal X 68482 Appraisal X 287 6521042 Sold at Market X 1 996001 FMV X 1 535000 Appraisal 9 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 2,050 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. DOCUMENT RETENTION POLICY FORM 990, PART VI, SECTION B, LINE 14 AS OF 6/30/16, WILLIAMS COLLEGE DID NOT HAVE AN OVERARCHING DOCUMENT RETENTION POLICY. EACH DEPARTMENT HAS A DOCUMENT RETENTION AND DESTRUCTION POLICY THAT IS APPLICABLE TO THE NATURE OF THE INFORMATION THAT IT COLLECTS. 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 $(4,982,156) LOSS ON FINANCIAL CONTRACTS $(1,582,780) INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,844,406 ____________ TOTAL $(4,720,530) WILLIAMS INN LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 465431139 HOTEL MA 3425416 775517 WILLIAMS WILLIAMS RENEWABLES LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812875267 REN. ENERGY MA 0 100000 WILLIAMS WILLIAMS RENEWABLES MANAGEMENT LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812960740 REN. ENERGY MA 0 0 WILLIAMS SIMONDS ROAD SOLAR LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812975825 REN. ENERGY MA 0 400000 WMS REN LLC STERLING & FRANCINE CLARK ART INSTITUTE 225 south street WILLIAMSTOWN MA 01267 042163004 ART MUSEUM MA 501(C)(3) 11.a WILLIAMS true ASSOCIATED KYOTO PROGRAM INC college hall rm 204 northampton MA 01063 042996114 EDUCATION MA 501(C)(3) 11.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 PROGRAM 145 Banbury Road 0X27AN Oxford, England UK UK EDUCATION UK 501(C)(3) 11.a WILLIAMS true CHARITABLE REMAINDER TRUSTS (56) FUNDRAISING WILLIAMS TRUST true POOLED INCOME FUNDS (3) FUNDRAISING MA WILLIAMS TRUST true PERPETUAL TRUSTS (1) FUNDRAISING NY WILLIAMS TRUST true OUTSIDE MANAGED CHARIT REM TRUSTS (29) FUNDRAISING NA TRUST true SEE PART VII HOLDING UT WILLIAMS C CORP true false false true false false false false false false false false false false false false true false false false WILLIAMS COLLEGE OXFORD PROGRAM P 1178699 CASH PERPETUAL TRUST C 770119 CASH FORM 990, SCHEDULE R, PART IV, LINE (1), COLUMN (C) THE CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (1) ARE LEGALLY DOMICILED IN IL, MA, AND NY. FORM 990, SCHEDULE R, PART IV, LINE (4), COLUMN (C) THE OUTSIDE MANAGED CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (4) ARE LEGALLY DOMICILED IN MA AND NY. FORM 990, SCHEDULE R, PART IV, LINE (5), COLUMN (A) THE COLLEGE OWNS A CORPORATION WHOSE SOLE ASSET IS A PAINTING WHICH RESIDES AT THE COLLEGE'S MUSEUM.