2016-05-16T10:24:51-07:00 2015-06-30 990 2014-07-01 042103542 The TRUSTEES of AMHERST COLLEGE TRUS 4135422101 PO Box 5000 Controllers Office Amherst MA 01002 Kevin Weinman Chief Financial Officer 4135422101 2016-05-16 2014 2016-08-17 19:52:53Z Carolyn Martin PO Box 5000 Amherst MA 01002 908803345 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 3242 3587 9591681 0 45200548 41713046 106460014 110112970 218669022 238997229 5051881 5962687 375381465 396785932 50091101 53135547 0 0 102298899 108477263 80986 0 6625317 123297800 113307901 275768786 274920711 99612679 121865221 3423705443 3477273670 549153202 540715027 2874552241 2936558643 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 191724129 52397422 111956408 Higher Education: Undergraduate Education, Amherst College is an undergraduate institution with an approximate student enrollment of 1770 and total faculty and staff of approximately 892 . 13683055 738125 3454426 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 205407184 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 2615 0 1 3242 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 21 1 0 1 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 Danielle S Allen Trustee 0 0 X 0 0 0 Theodore W Beneski Trustee 0 0 X 0 0 0 Rafael Campo Trustee 0 0 X 0 0 0 Wei Sun Christianson 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 Howard Gardner 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 Joseph F Quinn Trustee 0 0 X 0 0 0 Paula K Rauch 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 James C Tsai Trustee 0 0 X 0 0 0 Laura J Yerkovich Trustee 0 0 X 0 0 0 Carolyn Martin President 40 0 X X 446396 0 265565 Stephen Nigro Controller 40 0 X 115383 0 12313 Susan Pikor Chief of Staff 40 0 X 161340 0 26518 Kevin Weinman Chief Financial Officer 40 0 X 267952 0 53392 Michael Witmore Folger Director 40 0 X 371385 0 35256 Gayle Barton Former Chief Information Officer 40 0 X 197905 0 40610 James Brassord Chief of Campus Operations 40 0 X 230431 0 33367 Gregory Call Dean of the Faculty 40.00 0 X 281718 0 38212 Suzanne Coffey Chief of Student Affairs 40 0 X 272834 0 49801 Mauricia Geissler Chief Investment Officer 40 0 X 362140 0 52563 James Larimore Former Dean of Students 40 0 X 232485 0 26454 Megan Morey Chief Advancement Officer 40 0 X 271758 0 49407 Lisa Rutherford Legal and Admin Counsel 40 0 X 283695 0 49866 Peter Uvin Provost 40 0 X 321920 0 30885 Peter Mackey Chief Communications Officer 0 0 X 218649 0 37229 Austin Sarat Associate Dean of the Faculty/Professor of Poli Sci & LJST 40 0 X 329505 0 53671 John Cheney Associate Dean of Faculty/Professor of Geology 40 0 X 227278 0 46835 Stanley Rabinowitz Professor of Russian 0 0 X 221033 0 30058 Ronald Rosbottom Professor of French & European Studies 40 0 X 212514 0 49829 Lisa Raskin Professor of Psychology 40 0 X 209997 0 36635 Thomas Parker Former Dean of Admission & Finance 40 0 X 110436 0 22455 Charri Boykin-East Senior Associate Dean of Students, Former Key 40 0 X 145451 0 34571 Allen Hart Professor of Psychology, Former Key 40 0 X 162136 0 39678 5654341 0 1115170 176 1 1 0 Daniel OConnell's Sons Inc 480 Hampden Street Holyoke MA 01041 General Contractor 12070274 Payette Associates Inc 290 Congress Street 5th Flr Boston MA 02210 Architects 8265512 Kyu Sung Woo Architects Inc 488 Green St Cambridge MA 02139 Architects 4406393 Waterman Excavating Inc 2 Gavin Avenue Adams MA 01220 Escavation 3838595 The Baupost Group LLC 10 Saint Avenue Suite 1700 Boston MA 02116 Investment Manager 2783000 171 0 0 434107 0 3739716 37539223 6865413 41713046 Tuition and other student fees 611310 85035596 85035596 0 0 Room and board 721000 21883809 21883809 0 0 Box office admissions 711130 1940651 1940651 0 0 Folger Consort 711110 319685 319685 0 0 The Folger Insititute 611710 344373 344373 0 0 588856 588856 0 0 110112970 31501680 0 -529108 32030788 0 0 0 0 455392 455392 0 0 1149381 0 867405 0 281976 0 281976 281976 0 0 718556439 0 511060890 0 207495549 0 207495549 0 9414591 198080958 47743 434107 89118 -41375 0 -41375 Dining services 722212 1369061 1369061 0 0 Other residence hall 721000 365655 365655 0 0 Summer conferences 611710 1414278 730430 683848 0 2117700 2095350 22350 0 5266694 396785932 115410834 9591681 230070371 341747 341747 52487412 52487412 306388 306388 5035142 1583864 3098689 352589 78796374 61578905 13731964 3485505 18902900 17091672 812061 999167 5742847 4218440 1261480 262927 0 0 0 0 927555 0 927555 0 283425 0 283425 0 12440 12440 0 0 0 0 33897213 0 33897213 0 5363524 4003473 1360051 1296876 474254 718752 103870 2810289 1197745 1545631 66913 3414093 1684120 1729229 744 0 0 0 0 13166843 12588779 315798 262266 2414971 1904810 188248 321913 0 0 0 0 2176604 922629 1151537 102438 9706809 9318537 194136 194136 0 0 0 0 15805487 15173267 316110 316110 1961996 1239107 722889 Equipment and vehicles 1945043 1361530 525162 58351 Food 3985312 3985312 0 0 Library books 2871838 2871838 0 0 College sponsored research 2824936 2824936 0 0 8442647 8235979 108280 98388 274920711 205407184 62888210 6625317 27041203 114388917 133776062 152905448 30456855 25697602 4783907 3311073 1146071 1135947 13323447 9764210 492134 492134 5149727 6946580 653759581 254160706 376550173 399598875 424865433 192342636 2364017032 2528461039 2524535 2220785 39578864 40008424 3423705443 3477273670 13127343 15855568 1960473 1289858 3256348 2419799 203445000 198765000 490830 738936 326873208 321645866 549153202 540715027 X 955997737 988155309 1429276449 1448026725 489278055 500376609 2874552241 2936558643 3423705443 3477273670 X 121865221 -62283310 0 0 0 2424491 X 0 1 1 1 1 X 39043042 48424839 48153898 45200548 41713046 222535373 39043042 48424839 48153898 45200548 41713046 222535373 29528519 193006854 57396303 59552752 62040125 54520333 31957072 265466585 0 488001958 491259904 0.39550 0.3808 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 12440 0 0 1 0 12440 0 Schedule C, Part II-B, Line 1 The Trustees of Amherst College paid Chernikoff and Company $12,440 on behalf of the Folger Shakespeare Memorial Library for lobbying activities during its fiscal year ended June 30, 2015. 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 263037 1 1 0 0 X X X X 0 0 1 X 2472706177 10416616 180976931 22367769 83660765 35717452 2522353738 2105519441 34254078 468227787 20877097 70301497 44116535 2472706177 1900875662 39091783 290035253 18355857 65134459 40992941 2105519441 1908682734 39801634 66177662 17133650 55245023 41407695 1900875662 1617434763 38148374 353265789 15317468 47564416 37284308 1908682734 0.26 0.73 0.01 0 0 0 8432348 8432348 0 518079903 149228271 368851632 0 0 0 0 0 105531401 92875358 12656043 0 21715929 12057077 9658852 399598875 Domestic equities 87308383 F Fixed income 7824515 F Absolute return 909069667 F Real estate & natural resources 303715709 F Other investments 6925903 F Private equities 559701260 F Global equities 228634694 F Foreign equities 425280908 F 2528461039 Liability for life income obligations 43734764 Post retirement benefit obligation 57257495 Taxable bond 192809370 Interest swap agreement 13824154 Other liabilities 14020083 321645866 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 Central America and the Caribbean Grantmaking 5296 East Asia and the Pacific Grantmaking 20230 Europe (including Iceland and Greenland) Grantmaking 280862 Central America and the Caribbean Program Services Travel and related expenses 58107 Central America and the Caribbean Program Services Travel and related expenses 24798 East Asia and the Pacific Program Services Travel and related expenses 191717 Europe (including Iceland and Greenland) Program Services Travel and related expenses 450062 Middle East and North Africa Program Services Travel and related expenses 7093 Sub-Saharan Africa Program Services Travel and related expenses 11607 South America Program Services Travel and related expenses 8043 South Asia Program Services Travel and related expenses 10957 Central America and the Caribbean Investments Investment management fees 11123025 Sub-Saharan Africa Investments Investment management fees 518845 Central America and the Caribbean Investments 1073974219 Sub-Saharan Africa Investments 22718887 0 0 1109403748 Undergraduate scholarships Europe (including Iceland and Greenland) 13 280862 wire transfer Undergraduate scholarships North America (including Canada and Mexico, but not the United States) 1 5296 wire transfer Undergraduate scholarship and awards East Asia and the Pacific 2 16188 wire transfer 4042 Housing 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 357440 316387 41053 0 0 0 38929 5000 26153 Folger Aquisition Night 114610 109570 5040 0 0 0 10311 2463 3948 1 9800 8150 1650 0 0 0 100 0 2214 481850 434107 47743 0 0 0 49340 7463 32315 89118 -41375 1 Amherst Business Improvement District PO Box 339 Amherst MA 01002 455423811 501(c)6 15000 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 33543 Support of public radio Woodside Children's Center 155 Woodside Avenue Amherst MA 01002 042888548 501(c)3 22036 56548 FMV Occupancy and expenses Support operations 4 1 Amherst College undergraduate institutional scholarships 1127 48780319 Undergraduate fellowships for independent research and internships 325 1035929 43207 Housing Graduate fellowship awards 127 902717 Grants awarded to high school teachers to attend continuing educational seminars 111 156450 Tuition assistance to Amherst College employees and their dependents 82 633404 Folger Shakespeare Memorial Library fellowship awards 205 700402 37723 Housing Undergraduate academic awards 150 197261 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 Danielle S Allen Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Theodore W Beneski Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Rafael Campo Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Wei Sun Christianson Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Walter C Donovan Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Patrick Fitzgerald Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Howard Gardner Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Arthur W Koenig Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Simon C Krinsky Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Christopher S Lehane Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 John S Middleton Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cullen Murphy Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Andrew J Nussbaum Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Hope E Pascucci Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Joseph F Quinn Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Paula K Rauch Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Julia A Segre Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 David A Sutphen Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Shirley M Tilghman Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 James C Tsai Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Laura J Yerkovich Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Carolyn Martin President 436494 0 0 0 9902 0 196139 0 69426 0 711961 0 0 0 Susan Pikor Chief of Staff 159869 0 0 0 1471 0 17997 0 8521 0 187858 0 0 0 Kevin Weinman Chief Financial Officer 267082 0 0 0 871 0 29508 0 23884 0 321345 0 0 0 Michael Witmore Folger Director 370523 0 0 0 863 0 34006 0 1250 0 406642 0 0 0 Gayle Barton Former Chief Information Officer 178006 0 0 0 19899 0 22572 0 18038 0 238515 0 0 0 James Brassord Chief of Campus Operations 229613 0 0 0 818 0 26203 0 7163 0 263797 0 0 0 Gregory Call Dean of the Faculty 279819 0 0 0 1899 0 29691 0 8521 0 319930 0 0 0 Suzanne Coffey Chief of Student Affairs 263750 0 0 0 9084 0 30802 0 18998 0 322634 0 0 0 Mauricia Geissler Chief Investment Officer 360819 0 0 0 1321 0 30029 0 22534 0 414703 0 0 0 James Larimore Former Dean of Students 105176 0 0 0 127310 0 15231 0 11223 0 258940 0 0 0 Megan Morey Chief Advancement Officer 271067 0 0 0 691 0 29508 0 19898 0 321164 0 0 0 Lisa Rutherford Legal and Admin Counsel 270607 0 12000 0 1088 0 29508 0 20358 0 333561 0 0 0 Austin Sarat Associate Dean of the Faculty/Professor of Poli Sci & LJST 325507 0 0 0 3999 0 29637 0 24034 0 383177 0 0 0 John Cheney Associate Dean of Faculty/Professor of Geology 224542 0 0 0 2736 0 26037 0 20798 0 274113 0 0 0 Ronald Rosbottom Professor of French & European Studies 208656 0 0 0 3857 0 24795 0 25034 0 262342 0 0 0 Peter Mackey Chief Communications Officer 203884 0 0 0 14765 0 22042 0 15187 0 255878 0 0 0 Stanley Rabinowitz Professor of Russian 218869 0 0 0 2164 0 21537 0 8521 0 251091 0 0 0 Peter Uvin Provost 278438 0 0 0 43482 0 30885 0 0 0 352805 0 0 0 Lisa Raskin Prof. of Psychology 207961 0 0 0 2037 0 25197 0 11438 0 246633 0 0 0 Charri Boykin-East Senior Associate Dean of Students 136940 0 0 0 8511 0 15573 0 18998 0 180022 0 0 0 Allen Hart Dean of Students 161554 0 0 0 581 0 18687 0 20991 0 201813 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. The President has been approved to use first class travel for certain business trips. 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 Line 4a - James Larimore received a severance payment in the amount of $110,000. Line 4b - Carolyn Martin deferred compensation contribution $105,100 as of 12/31/14. 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 4370000 0 50646531 0 0 0 518773 0 0 50127758 0 0 2011 0 0 1 1 D 300000 0 29700000 0 0 0 281717 0 0 29418283 0 0 2005 0 1 1 1 A 0 0 1 1 0 0 0.017 0.017 0 0 1 B 0 0 1 1 0 0 0.013 0.013 0 0 1 C 0 0 0 0 0 0.016 0.016 0 0 1 D A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 1 BofA Merrill Lynch 20 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 14 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 2780000 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 1060000 0 1 1 Kevin Weinman Officer Mortgage X 30000 26071 0 1 1 Lisa Rutherford Key employee Mortgage X 30000 21786 0 1 1 Peter Mackey Key employee Mortgage X 30000 28090 0 1 1 1135947 Collegiate Catalyst Fund LLC See Schedule L Part V 530130 See Schedule L Part V 0 Independent Schools Compensation Co See Schedule L Part V 447406 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 59 0 0 X 0 0 X 301 6864282 FMV X 1 1131 FMV X 2 0 0 X Miscellaneous 4 0 0 11 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 A, Line 4 During the year ended June 30, 2015, the Trustees of Amherst College amended its By-Laws to increase the number of Board Members from twenty-one to twenty-five. In addition, a quorum was changed from nine members to a simple majority of members then in office. 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 $605,748, change in post retirement benefit obligation $3,805,410, unrealized swap loss -$1,785,818, and Amherst Inn difference -$200,849 . 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 -336891 16501411 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 Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust NH N/A T Charitable Annuity Trust (1) PO Box 5000 Amherst MA 01002 charitable trust NJ 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 T Charitable Unitrusts (5) PO Box 5000 Amherst MA 01002 charitable trust FL T Charitable Unitrusts (125) PO Box 5000 Amherst MA 01002 charitable trust MA T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust MI T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust GA T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust NC T Charitable Unitrusts (2) PO Box 5000 Amherst MA 01002 charitable trust NY T Charitable Unitrusts (3) PO Box Amherst MA 01002 charitable trust OH T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust TX T Charitable Unitrusts (1) PO Box 5000 Amherst MA 01002 charitable trust NJ T Semper Vic Partners Offshore Ltd Gardner Russo and Gardner LLC 223 East Chestnut Street Lancaster PA 17602 Investments CJ N/A C 100171723 0.71595 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 Amherst College Foundation Trust a-i 685000 Amherst College Harry Elwin Harkness class of 1898 a-i 33361 Amherst Inn Company-DE a-i 64703 Amherst Inn Owner LLC a-i 130491 Amherst Inn Company-DE d 6000000 Amherst Inn Owner LLC d 4402475 Semper Vic Partners Offshore Ltd b 95631421 FMV