2017-05-15T09:29:55-07:00 2016-06-30 990 2015-07-01 042103542 The TRUSTEES of AMHERST COLLEGE TRUS 4135422101 PO Box 5000 Controllers Office Amherst MA 01002 Kevin Weinman Chief Financial Officer 4135422101 2017-05-15 2015 2021-01-29 14:40:06Z Carolyn Martin PO Box 5000 Amherst MA 01002 648583959 0 X www.amherst.edu X 1821 MA Amherst College educates men and women of exceptional potential from all backgrounds so that they may seek, value and advance knowledge, engage the world around them, and lead principled lives of consequence. Amherst brings together the most promising students, whatever their financial need, in order to promote diversity of experience and ideas within a purposefully small residential community. Working closely with faculty, staff and administrators dedicated to intellectual freedom and the highest standards of instruction in the liberal arts, Amherst undergraduates assume substantial responsibility for undertaking inquiry and for shaping their education within and beyond the curriculum. Amherst College is committed to learning through close colloquy and to expanding the realm of knowledge through scholarly research and artistic creation at the highest level. Its graduates link learning with leadership - in service to the College, to their communities, and to the world beyond. 22 21 3316 3635 -3735610 -4799431 41713046 52426790 110112970 114542830 238997229 158969370 5962687 3634564 396785932 329573554 53135547 54753368 0 0 108477263 118844066 0 0 7262604 113307901 114198543 274920711 287795977 121865221 41777577 3477273670 3449298302 540715027 703594363 2936558643 2745703939 Amherst College educates men and women of exceptional potential from all backgrounds so that they may seek, value and advance knowledge, engage the world around them, and lead principled lives of consequence. Amherst brings together the most promising students, whatever their financial need, in order to promote diversity of experience and ideas within a purposefully small residential community. Working closely with faculty, staff and administrators dedicated to intellectual freedom and the highest standards of instruction in the liberal arts, Amherst undergraduates assume substantial responsibility for undertaking inquiry and for shaping their education within and beyond the curriculum. Amherst College is committed to learning through close colloquy and to expanding the realm of knowledge through scholarly research and artistic creation at the highest level. Its graduates link learning with leadership - in service to the College, to their communities, and to the world beyond. 0 0 201371756 54069515 115021863 Higher Education: Undergraduate Education, Amherst College is an undergraduate institution with an approximate student enrollment of 1,800. 13153622 683853 2760995 4b Home to the world's largest Shakespeare collection, the Folger Shakespeare Library is a major center for scholarly research; a lively venue for performances, readings, exhibitions; and a national leader in humanities education. 0 0 0 214525378 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 0 0 1 1 0 1 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 2623 0 1 3316 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 21 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X Stephen Nigro 4135422101 PO Box 5000 Comptrollers Office Amherst MA 01002 Theodore W Beneski Trustee 0 0 X 0 0 0 Rafael Campo Trustee 0 0 X 0 0 0 Walter C Donovan Trustee 0 0 X 0 0 0 Patrick Fitzgerald Trustee 0 0 X 0 0 0 Susannah R Grant Trustee 0 0 X 0 0 0 Douglas C Grissom Trustee 0 0 X 0 0 0 Arthur W Koenig Trustee 0 0 X 0 0 0 Simon C Krinsky Trustee 0 0 X 0 0 0 Christopher S Lehane Trustee 0 0 X 0 0 0 John S Middleton Trustee 0 0 X 0 0 0 Cullen Murphy Trustee 0 0 X 0 0 0 Andrew J Nussbaum Trustee 0 0 X 0 0 0 Hope E Pascucci Trustee 0 0 X 0 0 0 Dwight M Poler Trustee 0 0 X 0 0 0 Joseph F Quinn Trustee 0 0 X 0 0 0 Paula K Rauch Trustee 0 0 X 0 0 0 Christine Noyer Seaver Trustee 0 0 X 0 0 0 Julia A Segre Trustee 0 0 X 0 0 0 David A Sutphen Trustee 0 0 X 0 0 0 Shirley M Tilghman Trustee 0 0 X 0 0 0 Laura J Yerkovich Trustee 0 0 X 0 0 0 Carolyn Martin President 40 0 X X 443686 0 281835 Stephen Nigro Controller 40 0 X 117978 0 12624 Susan Pikor Chief of Staff 40 0 X 176067 0 28984 Kevin Weinman Chief Financial and Administration Officer 40 0 X 286570 0 53556 Michael Witmore Folger Director 40 0 X 378238 0 31903 James Brassord Chief of Campus Operations 40 0 X 240005 0 35021 Suzanne Coffey Chief of Student Affairs Officer 40 0 X 284891 0 50746 Catherine Epstein Dean of Faculty 40 0 X 257122 0 52691 Mauricia Geissler Chief Investment Officer 40 0 X 407002 0 56643 Peter Mackey Chief Communications Officer 40 0 X 268719 0 50954 Megan Morey Chief Advancement Officer 40 0 X 277747 0 52575 Lisa Rutherford Policy Officer and General Counsel 40 0 X 287543 0 53504 Austin Sarat Associate Dean of the Faculty/Professor of Poli Sci & LJST 40 0 X 335895 0 56562 Gregory Call Professor of Mathmatics 40 0 X 290324 0 39469 John Cheney Associate Dean of Faculty/Professor of Geology 40 0 X 245151 0 48766 Stanley Rabinowitz Professor of Russian 40 0 X 228170 0 31469 Gayle Barton Former Chief Information Officer 40 0 X 219102 0 0 Charri Boykin-East Senior Associate Dean of Students, Former Key 40 0 X 147622 0 54552 Allen Hart Professor of Psychology, Former Key 40 0 X 153642 0 44710 James Larimore Former Dean of Students 40 0 X 110000 0 0 Peter Uvin Provost 40 0 X 183754 0 14287 5339228 0 1050851 191 1 1 0 Daniel O'Connell's Sons Inc 480 Hampden Street Holyoke MA 01041 General contractor 47480765 Payette Associates Inc 290 Congress Street 5th Flr Boston MA 02210 Architects 6836728 Barr & Barr Inc 24 Prime Parkway 301 Natick MA 02139 Construction management 5632154 Lone Pine Capital LLC Two Greenwhich Plaza Greenwich CT 06830 Investment manager 2820759 The Baupost Group LLC 10 Saint Avenue Suite 1700 Boston MA 02116 Investment manager 2783000 183 0 0 401094 0 3163365 48862331 3823538 52426790 Tuition and other student fees 611310 88317410 88317410 0 0 Room and board 721000 23317648 23317648 0 0 Box office admissions 711130 1852439 1852439 0 0 The Folger Institute 611710 337357 337357 0 0 Folger consort 711110 173722 173722 0 0 544254 544254 0 0 114542830 32796930 0 -4371060 37167990 0 0 0 0 339073 339073 0 0 1102555 0 876862 0 225693 0 225693 225693 0 0 444167611 0 317995171 0 126172440 0 126172440 0 171511 126000929 68969 401094 138372 -69403 0 -69403 Dining services 722212 567350 567350 0 0 Other residence hall 721000 452630 452630 0 0 Summer conferences 611710 1370670 929081 441589 0 748551 726201 22350 0 3139201 329573554 117782858 -3735610 163099516 298289 298289 53937391 53937391 517688 517688 0 0 4125867 1046742 2720237 358888 0 0 0 0 83285054 70044821 9976591 3263642 25504129 20668351 3549771 1286007 5929016 4986451 710228 232337 0 0 0 0 311847 40139 271708 0 336557 0 336557 0 11920 11920 0 0 0 0 35374830 0 35374830 0 5954370 3764588 1584037 605745 1999669 888991 968940 141738 3083551 2616618 320527 146406 2973726 1303873 1667869 1984 0 0 0 0 8781134 8062035 629985 89114 2888922 2186471 504288 198163 0 0 0 0 2644124 1306930 1305424 31770 11573051 9274844 1941285 356922 0 0 0 0 15472018 14424370 871309 176339 1366265 1085902 204031 76332 Equipment & vehicles 3439192 2796401 528490 114301 Food 4110979 3839534 271445 Library books 2504671 2504648 23 0 College sponsored research 2257009 2257009 0 0 9114708 6661372 2270420 182916 287795977 214525378 66007995 7262604 114388917 67427377 152905448 318680882 25697602 39011803 3311073 5334800 1135947 1065580 0 9764210 9834577 492134 406129 6946580 9408058 720794947 263522063 399598875 457272884 192342636 266654986 2528461039 2232159656 2220785 1918683 40008424 40122887 3477273670 3449298302 15855568 24447757 1289858 952763 2419799 1675518 198765000 193925000 738936 767651 0 321645866 481825674 540715027 703594363 X 988155309 919958482 1448026725 1314548504 500376609 511196953 2936558643 2745703939 3477273670 3449298302 X 41777577 -215473923 0 0 0 -17158358 X 0 1 X 1 1 1 X 48424839 48153898 45200548 41713046 52426790 235919121 48424839 48153898 45200548 41713046 52426790 235919121 24520106 211399015 59552752 62040125 54520333 31957072 33136003 241206285 477125406 522756555 0.44307 0.39550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 11920 0 0 1 0 11920 0 Schedule C, Part II-B, Line 1 1 The Trustees of Amherst College paid Chernikoff and Company $11,920 on behalf of the Folger Shakespeare Memorial Library for lobbying activities during its fiscal year ended June 30, 2016. In addition, Amherst College pays membership fees in various organizations that may perform a limited amount of lobbying activities such as NAICU-National Association of Independent Colleges and Universities, AICUM-Association of Independent Colleges and Universities in Massachusetts and COFHE-Consortium on Financing Higher Education. 0 1 0 0 0 0 0 244573 1 1 0 0 X X X X 0 0 1 X 2522356738 9541532 -47269906 24194082 88159138 37236214 2335038930 2472706177 10416616 180976931 22364769 83660765 35717452 2522356738 2105519441 34254078 468227787 20877097 70301497 44116535 2472706177 1900875662 39091783 290035253 18355857 65134459 40992941 2105519441 1908682734 39801634 66177662 17133650 55245023 41407695 1900875662 0.26 0.73 0.01 0 0 0 8432348 8432348 0 585101021 154185767 430915254 0 0 0 0 0 105540999 95646108 9894891 0 21720579 13690188 8030391 457272884 Domestic equities 2908520 F Fixed Income 5473030 F Absolute return 810560126 F Real estate & natural resources 267498302 F Other investments 5677087 F Private equities 560346611 F Global equities 221154709 F Foreign equities 358541271 F 2232159656 Liability for life income obligations 36382865 Post retirement benefit obligation 74306282 Taxable Bond 339812081 Interest Swap Agreement 20476476 Other liabilities 10847970 481825674 X Schedule D, Part III, Line 1 See Schedule D, Part III, Line 4. Schedule D, Part III, Line 4 The Trustees of Amherst College does not capitalize gifts in kind of art, historical treasures or other similar assets held for public exhibition, etc. Amherst College does not capitalize the purchases of art, historical treasures or other similar assets held for public exhibition, etc. The Folger Shakespeare Memorial Library (the Library), does capitalize purchases to its collection. The text of the footnote of the financial statements that describes these items is as follows: Purchases for the Library's collections are recorded at cost. The collections are reduced by the proceeds from a sale, resulting in the recognition of no gain or loss. Sales are not significant. The Folger Shakespeare Memorial Library holds the largest and most complete collection of Shakespeareana in the world and the largest collection of English printed books from 1475 to 1640 outside of England, as well as extensive Continental Renaissance holdings. The collection spans a broad range of subjects and includes books, manuscripts, documents, paintings, illustrations, tapestries, furnishings, musical instruments, scores, and curios from the Renaissance and theater history. The collection is a source of research for scholars from all over the world and is shared with the public through extensive exhibitions. The collection is exhibited within the Folger Shakespeare Memorial Library in Washington, D.C. where the collection is maintained in secure, climate controlled storage. The Emily Dickinson Museum (part of Amherst College) consists of two historic houses, and their contents, in the center of Amherst, Massachusetts, closely associated with the poet Emily Dickinson and members of her family during the nineteenth and early twentieth centuries. The Museum is dedicated to educating diverse audiences about Emily Dickinson's life, family, creative work, times, and enduring relevance, and to preserving and interpreting the Homestead and The Evergreens as historical resources for the benefit of scholars and the general public. The College has collections housed in the Mead Art Museum and the Beneski Museum of Natural History. The Mead Art Museum exhibits selections from its diverse collection of 16,000 works including American art, Russian modernist art, French art, British portraiture, African art, Japanese art, 19th and 20th century photography, and master and modern prints and drawings. The Beneski Museum of Natural History houses research collections of vertebrate and invertebrate paleontology, minerals, anthropology and modern vertebrates, as well as numerous exhibits which illustrate the evolution and ecology of major groups of animals. The College's collections are exhibited on campus where they are maintained. The College and the Library maintain policies and procedures addressing the collections' upkeep as well as other aspects of their management, including accession and deaccession policies. Schedule D, Part IV, Line 2b The Trustees of Amherst College serves as the custodian of funds owned by certain student groups. Schedule D, Part V, Line 4 The mission of the Trustees of Amherst College's endowment is to provide financial support in order that the College may provide a quality education to all admitted students as articulated in the mission statement of Amherst College. The endowment is managed for the purpose of ensuring that current and future spending requirements are supported, while also preserving the endowment fund in perpetuity. The endowment provides spendable income for such expenses of the College including financial aid, professorships, capital spending, other restricted expenses as dictated by the donor and general operating costs of the College. Schedule D, Part X, Line 2 The institution is generally exempt from federal and state income taxes. Management performs an annual review for uncertain tax positions along with any related interest and penalties and believes that the Institution has no uncertain tax positions that would have a material adverse effect, individually or in the aggregate, upon the Institution's balance sheet or the related statement of activities or cash flows. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The following statement is in the College's annual catalog, admission application, yearly admission report sent to all secondary schools and brochure "This is Amherst" describing the College to all interested parties; "Amherst College does not discriminate in its admission or employment policies and practices on the basis of factors such as race, genetics, gender identity or gender expression, sex, sexual orientation, age, color, religion, national origin, disability, or veteran status." Schedule E, Part I, Line 6 The Trustees of Amherst College receives federal grants for research, etc. and is a pass through entity for certain federal and state financial aid. 1 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 49529 Central America and the Caribbean 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 25471 East Asia and the Pacific 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 185504 Europe (including Iceland and Greenland) 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 317198 Middle East and North Africa 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 44150 Russia and the newly independent States 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 14446 Sub-Saharan Africa 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 14099 South America 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 8898 South Asia 0 0 Program Services Travel and related expenses for employee conferences and recruitment, faculty research and lecturers. 9691 Sub-Saharan Africa 0 0 Investments 22760117 Central America and the Caribbean 0 0 Investments 994300846 Europe (including Iceland and Greenland) 0 0 Investments 8309338 Sub-Saharan Africa 0 0 Investments Investment management fees 544393 Central America and the Caribbean 0 0 Investments Investment management fees 12344973 Europe (including Iceland and Greenland) 0 0 Investments Investment management fees 487823 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 14000 Central America and the Caribbean 0 0 Grantmaking 1500 East Asia and the Pacific 0 0 Grantmaking 35270 Europe (including Iceland and Greenland) 0 0 Grantmaking 397669 Middle East and North Africa 0 0 Grantmaking 5425 Sub-Saharan Africa 0 0 Grantmaking 47685 South America 0 0 Grantmaking 8070 South Asia 0 0 Grantmaking 8070 0 0 1039934165 Undergraduate scholarships North America (including Canada and Mexico, but not the United States) 3 14000 checks Undergraduate scholarships Central America and the Caribbean 1 1500 wire transfer Undergraduate scholarships East Asia and the Pacific 6 31227 wire transfers and checks 4042 Housing Undergraduate scholarships Europe (including Iceland and Greenland) 32 397669 wire transfer and checks Undergraduate scholarships Middle East and North Africa 1 5425 check Undergraduate scholarships Sub-Saharan Africa 13 47685 checks Undergraduate scholarships South America 2 8070 checks Undergraduate scholarships South Asia 2 8070 checks 1 0 1 1 1 1 Schedule F, Part I, Line 2 Disbursements in furtherance of the institution's exempt programs are made in accordance with procedures or subject to conditions established by the institutions governing board designed to insure that individuals and organizations receiving disbursements from the institution in furtherance of its exempt purpose are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy by the institution on the basis of criteria such as academic achievement (fellowships) and financial need (scholarships and fellowships). Folger Gala 397303 360599 36704 0 0 0 41388 13850 47216 Folger Aquistion Night 32385 32385 0 0 0 0 5192 0 1679 3 40375 8110 32265 0 0 0 9601 9169 10277 470063 401094 68969 0 0 0 56181 23019 59172 138372 -69403 1 Amherst Business Improvement District PO Box 339 Amherst MA 01002 455423811 501( c)6 17500 Support operations Amherst-Pelham Regional School 170 Chestnut Street Amherst MA 01002 046006213 government entity 75000 Support operations Town of Amherst 4 Boltwood Avenue Amherst MA 01002 046001068 government entity 130000 Support town budget New England Public Radio 131 Country Circle Amherst MA 01002 046103523 501( c)3 11543 Support of public radio Woodside Children's Center 155 Woodside Avenue Amherst MA 01002 042888548 501( c)3 1116 54855 FMV Occupancy and expenses Support operations 4 1 Amherst College undergraduate institutional scholarships 1097 50343912 Undergraduate fellowships for independent research and internships 329 865407 64282 Housing Undergraduate academic awards 101 177818 Graduate fellowship awards 131 979800 Grants awarded to highschool teachers to attend continuing educational seminars 32 62400 Tuition assistance to Amherst College employees and their dependents 90 759919 Folger Shakespeare Memorial Library fellowship awards 191 626403 57450 Housing Schedule I, Part I, Line 2 Disbursements in furtherance of the institution's exempt programs are made in accordance with procedures or subject to conditions established by the institutions governing board designed to insure that individuals and organizations receiving disbursements from the institution in furtherance of its exempt purpose are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy by the institution on the basis of criteria such as academic achievement (fellowships) and financial need (scholarships and fellowships). X X X X 1 1 X X X 1 1 0 0 0 0 0 0 0 Carolyn Martin President 436418 0 0 0 7268 0 210984 0 70851 0 725521 0 0 0 Susan Pikor Chief of Staff 174355 0 0 0 1712 0 19760 0 9224 0 205051 0 0 0 Kevin Weinman Chief Financial Officer 285105 0 0 0 1466 0 31129 0 22426 0 340126 0 0 0 Michael Witmore Folger Director 377293 0 0 0 945 0 30153 0 1750 0 410141 0 0 0 James Brassord Chief of Campus Operations 238410 0 0 0 1595 0 27269 0 7752 0 275026 0 0 0 Suzanne Coffey Chief of Student Affairs 275095 0 0 0 9796 0 30195 0 20551 0 335637 0 0 0 Catherine Epstein Dean of Faculty 256118 0 0 0 1004 0 30165 0 22526 0 309813 0 0 0 Mauricia Geissler Chief Investment Officer 405484 0 0 0 1518 0 32257 0 24386 0 463645 0 0 0 Peter Mackey Chief Communications Officer 267268 0 0 0 1451 0 30102 0 20852 0 319673 0 0 0 Megan Morey Chief Advancement Officer 277042 0 0 0 705 0 30160 0 22414 0 330321 0 0 0 Lisa Rutherford Legal and Admin Counsel 276506 0 10000 0 1037 0 30203 0 23301 0 341047 0 0 0 Austin Sarat Associate Dean of the Faculty/Professor of Poli Sci & LJST 332059 0 0 0 3837 0 30626 0 25936 0 392458 0 0 0 Gregory Call Dean of the Faculty 288343 0 0 0 1982 0 30245 0 9224 0 329794 0 0 0 John Cheney Associate Dean of Faculty/Professor of Geology 242143 0 0 0 3007 0 28215 0 20551 0 293916 0 0 0 Stanley Rabinowitz Professor of Russian 225067 0 0 0 3102 0 22245 0 9224 0 259638 0 0 0 Gayle Barton Former Chief Information Officer 219102 0 0 0 0 0 0 0 0 0 219102 0 0 0 Charri Boykin-East Senior Associate Dean of Students, Former Key 140049 0 0 0 7573 0 16000 0 38551 0 202173 0 0 0 Allen Hart Dean of Students 152352 0 0 0 1290 0 17985 0 26725 0 198352 0 0 0 James Larimore Former Dean of Students 110000 0 0 0 0 0 0 0 0 0 110000 0 0 0 Peter Uvin Provost 128289 0 0 0 55465 0 14287 0 0 0 198041 0 0 0 Schedule J, Part I, Line 1a The President is required to maintain a personal residence on campus as a condition of employment for the convenience of the employer. Certain personal services are provided to maintain this residence. Occasional personal services provided to the President are considered personal expenses and added to the President's taxable compensation including the value of the related tax liability. In accordance with Amherst Travel Policy, first class travel is permitted for business purposes in some circumstances. Consistent with this policy, on occasion, the President and certain staff have traveled first class. In addition, the President and other employees have traveled by charter service per the terms of a restricted gift that is specifically designated for certain travel for locations that lack direct and frequent flights. These expenses are reviewed and monitored by personnel in the Chief Financial Officer's Office. In accordance with a key employee's employment agreement, a dependent's taxable grant was added to the employee's taxable compensation including the value of the related tax liability. Schedule J, Part I, Line 3 The College participated in an annual survey of comparable institutions which compared historic salaries and designated benefits for the chief executive. The Board of Trustees delegated to an ad hoc Committee on Compensation, consisting of independent trustees, authority to determine the compensation of the President in accordance with the Compensation Policy for Designated Individuals approved by the Board in May 2012. The Committee on Compensation reviewed the relevant survey information, conducted an annual evaluation of the President, determined the President's compensation and contemporaneously documented its decision. The Committee on Compensation shared its findings and compensation decision with the Board of Trustees. Schedule J, Part I, Line 4 Carolyn Martin's deferred compensation contribution is $181,287.During the period disclosed, James Larimore and Gayle Barton received severance payments of $110,000 and $219,102, respectively A MHEFA Series H 042456011 57585K4R6 2003-06-26 50000000 Construction 0 0 0 B MHEFA Series J 042456011 57586CHB4 2005-06-30 50000000 Construction 0 0 0 C MHEFA Series K-2 042456011 57586EDKA 2009-01-15 50520000 Construction 0 0 0 D MHEFA Series I 042456011 57586CHB4 2005-06-30 29700000 Advanced refunding of Series G 0 0 0 A 10575000 0 50749858 0 0 0 400000 0 0 50349858 0 0 2005 0 0 1 1 B 0 0 50442362 0 0 0 609605 0 0 49832757 0 0 2007 0 0 1 1 C 4655000 0 54646531 0 0 0 518773 0 0 50127758 0 0 2011 0 0 1 1 D 2200000 0 29700000 0 0 0 281717 0 0 29418283 0 0 2005 0 1 1 1 A 0 0 1 1 0 0 0.011 0.011 0 0 1 B 0 0 1 1 0 0 0.012 0.012 0 0 1 C 0 0 0 0 0 0.01 0.01 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 1 BofA Merrill Lynch 19 1 0 0 0 1 C 0 0 0 1 1 0 0 1 1 D 0 0 0 1 1 1 BofA Merrill Lynch 13 1 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-06/26/2003 50,000,000 MHEFA Series H Series H most recent required rebate computation performed 6/30/2012. Schedule K, Part IV, Line 2c-06/30/2005 50,000,000 MHEFA Series J Series J most recent required rebate computation performed 6/30/2014. Schedule K, Part IV, Line 2c-01/15/2009 50,520,000 MHEFA Series K 2 Series K-2 most recent required rebate computation performed 6/30/2013. Schedule K, Part IV, Line 2c-06/30/2005 29,700,000 MHEFA Series I Series I most recent required rebate computation performed 6/30/2014. A MHEFA Series K-1 042456011 57586EDK4 2009-01-15 7580224 Refunding of Series G 0 0 0 A 3335000 0 7580224 0 0 0 0 0 0 7580224 0 0 2004 1 0 1 1 A 0 0 0 1 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-01/15/2009 7,580,224 MHEFA Series K 1 Series K-1 most recent required rebate computation performed 1/15/2014. Michael Witmore Officer Mortgage X 1240000 1000000 0 1 1 Kevin Weinman Officer Mortgage X 30000 21786 0 1 1 Lisa Rutherford Key employee Mortgage X 30000 17500 0 1 1 Peter Mackey Key employee Mortgage X 30000 26294 0 1 1 1065580 Collegiate Catalyst Fund LLC See Schedule L Part V 739757 See Schedule L Part V 0 Independent Schools Compensation Co See Schedule L Part V 318732 See Schedule L Part V 0 Schedule L, Part IV (1) An officer of the College is a director of Collegiate Catalyst Fund, LLC which receives insurance premium payments from the College. (2) An officer of the College is a director and vice president of Independent Schools Compensation Corporation which receives insurance premium payments from the College. X 30 0 0 X 0 0 X 0 0 X 213 3822494 FMV X 1 1044 FMV X Piano 1 0 0 X Athletic equipment 1 0 0 X Theatre apparel 1 0 0 0 1 0 Form 990, Part VI, Section A, Line 2 John Middleton and Susan Pikor are Board Members and Stephen Nigro, Kevin Weinman, James Brassord and Lisa Rutherford are officers of Amherst Inn Company. Form 990, Part VI, Section B, Line 11b The financial officers of the College reviewed Form 990, including all schedules with the President of the College, the Audit Committee and the Chairman of the Board of Trustees prior to filing this form. The remaining members of the Board of Trustees were provided a full copy of Form 990 prior to filing with the exception of Schedule B. In order to respect the wishes of donors that gave gifts with the assumption of remaining anonymous, the review of Schedule B was conducted by the Audit Committee and Chairman of the Board of Trustees and the President of the College. Form 990, Part VI, Section B, Line 12c All individuals covered by the policy complete a Conflict of Interest Disclosure Statement with the Secretary of the Board of Trustees (the "Secretary") annually. The Secretary accumulates all disclosure statements and furnishes a summary to the Conflict of Interest Review Committee. In all instances where the Conflict of Interest Review Committee determines that a conflict of interest does exist, such conflicts, and their remedy, are disclosed to the Board of Trustees at the next meeting. The Conflict of Interest Committee reports to the Board at least annually. Form 990, Part VI, Section B, Line 14 The College has a written document retention and destruction policy that was approved by the College's senior management. Approval of this policy is not required at the full Board of Trustees level. Form 990, Part VI, Section B, Line 15 The College participated in an annual survey of comparable institutions which compared historic salaries and designated benefits for the chief executive officer and senior administrative staff. The College's President reviewed with the Board of Trustees the relevant survey information as well as senior staff performance evaluations and discussed annual salary adjustments. The Board of Trustees delegated to an ad hoc Committee on Compensation, consisting of independent trustees, authority to determine the compensation of the President. As provided in the Compensation Policy for Designated Individuals approved by the Board in May 2012, the Committee on Compensation reviewed the relevant survey information, conducted an annual evaluation of the President, determined the President's compensation and contemporaneously documented its decision. The Committee on Compensation shared its findings and compensation decision with the Board of Trustees. Form 990, Part VI, Section C, Line 19 The Trustees of Amherst College makes its annual financial statements available on its website and mails it to certain interested third parties. The conflict of interest policy is also available on the website. Form 990, Part XI, Line 9 Change in net value of life income funds $436, 017, change in post retirement benefit obligation -$10,942,053, unrealized swap loss -$6,652,322. Woodside Children's Center 155 Woodside Avenue Amherst MA 01002 042888548 children's daycare MA 501(c)(3) 509(a)(3)III-O N/A 1 Amherst College Foundation Trust JP Morgan Svcs Inc PO Box 6089 Newark DE 197146089 516522862 supporting organization NY 501(c)(3) PF N/A 1 Amherst College Harry Elwin Harkness class of 1898 PNC Bank NA 620 Liberty Avenue Pittsburgh PA 152222705 222891327 supporting organization PA 501(c)(3) 509(a)(3) lll-FI N/A 1 Associated Kyoto Program Inc Controllers Office Smith College Northampton MA 01063 042996114 supporting organization MA 501(c)(3) 509(a)(3)lll N/A 0 Amherst Inn Owner LLC 155 South Pleasant Street Amherst MA 01002 452737986 real estate MA N/A Amherst Inn Tenant LLC 155 South Pleasant Street Amherst MA 01002 452738046 nonresidential rental MA N/A Amherst Inn Company-DE Amherst College 155 S Pleasant St Amherst MA 01002 272334296 real estate DE Trustees of Amherst College C -145812 16931038 1 1 Charitable Unitrusts (4) PO Box 5000 Amherst MA 01002 charitable trust CA N/A T Charitable Unitrusts (2) PO Box 5000 Amherst MA 01002 charitable trust PA N/A T Charitable Unitrust (1) PO Box 5000 Amherst MA 01002 charitable trust WA N/A T Charitable Annuity Trust (3) PO Box 5000 Amherst MA 01002 charitable trust MA N/A T Charitable Trusts (1) PO Box 5000 Amherst MA 01002 charitable trust MA N/A T Charitable Unitrusts (4) PO Box 5000 Amherst MA 01002 charitable trust CT N/A T Charitable Unitrusts (5) PO Box 5000 Amherst MA 01002 charitable trust FL N/A T Charitable Unitrusts (119) PO Box 5000 Amherst MA 01002 charitable trust MA N/A T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust MI N/A T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust GA N/A T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust NC N/A T Charitable Unitrusts (3) PO Box 5000 Amherst MA 01002 charitable trust NY N/A T Charitable Unitrusts (3) PO Box Amherst MA 01002 charitable trust OH N/A T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust TX N/A T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust NJ N/A T Charitable Unitrusts (2) PO Box 5000 Amherst MA 01002 charitable trust NJ N/A T Semper Vic Partners Offshore Ltd Gardner Russo and Gardner LLC 223 East Chestnut Street Lancaster PA 17602 Investments CJ N/A C 1241997 102590335 0.7286 1 1 1 0 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 Amherst College Foundation Trust a-i 685000 Amherst College Harry Elwin Harkness class of 1898 a-i 28562 Amherst Inn Company-DE a-i 60000 Amherst Inn Owner LLC a-i 125608 Woodside Children's Center b 55972 Amherst Inn Company-DE d 6000000 Amherst Inn Owner LLC d 4402475 Semper Vic Partners Offshore Ltd f 1241997 Semper Vic Partners Offshore Ltd m 834890