2016-05-16T13:58:11-05:00 2015-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD Boston MA 02210 990 2014-07-01 042104847 WILLIAMS COLLEGE % SUSAN HOGAN WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 FREDERICK W PUDDESTER VP FIN/ADMIN & TREAS 4135974412 2016-05-13 true PRICEWATERHOUSECOOPERS LLP P00641463 6175305000 2014 2016-08-17 19:52:53Z ADAM F FALK HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 496503251 false X www.williams.edu X 1793 MA SEE SCHEDULE O 22 21 3525 3349 3837735 59651639 133207640 125699125 131342735 153647820 229017590 1767074 2935286 340765658 496503251 46847645 46455434 0 0 118650267 125593818 0 0 8932107 79581221 91873472 245079133 263922724 95686525 232580527 2911046966 3113969064 473308719 459003655 2437738247 2654965409 X SEE SCHEDULE O false false 224954753 46455434 131342735 SEE SCHEDULE O 224954753 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 2994 0 true 3525 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 PATRICK F BASSETT Trustee 4.0 0.0 X 0 0 0 BRIAN D CARPENTER Trustee 4.0 0.0 X 0 0 0 ERIC L COCHRAN 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 STEPHEN HARTY Trustee 4.0 0.0 X 0 0 0 JOEY SHAISTA HORN Trustee 4.0 0.0 X 0 0 0 JONATHAN A KRAFT Trustee 4.0 0.0 X 0 0 0 JAMES B LEE JR Trustee (Deceased) 4.0 0.0 X 0 0 0 ROBIN POWELL MANDJES 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 UNDERHILL Trustee 4.0 0.0 X 0 0 0 MARTHA WILLIAMSON Trustee 4.0 0.0 X 0 0 0 ADAM FALK PRESIDENT 40.0 1.0 X X 600508 0 167960 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 40.0 0.0 X 945847 0 348451 KELI A GAIL SECRETARY OF THE COLLEGE 40.0 0.0 X 146442 0 44556 STEPHEN P KLASS VP FOR CAMPUS LIFE 40.0 0.0 X 306092 0 61336 JAMES KOLESAR Vice President for Public Affa 40.0 0.0 X 163309 0 39166 JOHN MALCOLM VP FOR COLLEGE RELATIONS 40.0 0.0 X 254842 0 36991 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 40.0 0.0 X 389119 0 52598 MICHAEL REED Until 814 VP FOR STRATEGIC PLANNING 40.0 0.0 X 190269 0 36675 SARAH BOLTON DEAN OF COLL/PROF OF PHYSICS 40.0 0.0 X 230937 0 47719 DENISE BUELL DEAN OF THE FACULTY 40.0 0.0 X 184380 0 39833 WILLIAM DUDLEY PROVOST, PROF OF PHILOSOPHY 40.0 0.0 X 239251 0 46478 Peter Murphy until 614 Dean of Faculty/Prof English 40.0 0.0 X 201363 0 44313 MICHAEL BROWN PROF OF ANTHROPOLOGY 40.0 0.0 X 251716 0 25566 JULIA CROSBY Managing Director, INV OFFICE 40.0 0.0 X 300600 0 90268 EVA GRUDIN SENIOR LECTURER IN ART 40.0 0.0 X 351923 0 13156 LOUIS SOUSA Managing Director, INV OFFICE 40.0 0.0 X 433295 0 125361 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 40.0 0.0 X 512065 0 126802 WILLIAM J LENHARTUNTIL 611 PROF COMP SCIENCE/FRMR OFFICER 40.0 0.0 X 188425 0 42711 WILLIAM G WAGNER UNTIL 611 PROF HISTORY/FRMR KEY EMP&OFFR 40.0 0.0 X 180835 0 44407 6071218 0 1434347 214 true true false Whiting Turner Contracting Company 1 Pine West Piz Albany NY 12205 CONSTRUCTION 14641460 Consigli Construction Co 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 9761996 Gigliotti Electric Inc 52 Hutchinson Ln CHESHIRE MA 01225 Electrical 1307688 Harry Grodsky Co 33 Shaws Ln Springfield MA 01104 CONSTRUCTION 1051182 Allegrone Construction Co Inc 54 North St Pittsfield MA 01201 CONSTRUCTION 824577 52 2458985 130748655 18286621 133207640 Tuition Room and Board 900099 125109642 125109642 WILLIAMS INN 721000 3300300 225801 3074499 AUXILIARY REVENUE 721110 2280669 2280669 OTHER PROGRAM REVENUE 900099 652124 652124 131342735 467591 -2239755 2707346 2927 2927 27508 27508 1866990 1866990 0 1866990 1866990 228547072 228547072 228547072 6077490 222469582 0 0 0 CONFERENCES 900099 969333 969333 RECREATION ACTIVITIES 713940 71455 71455 1040788 496503251 125987567 3837735 233470309 X 351346 351346 45946862 45946862 157226 157226 0 3180883 789096 1586554 805233 461029 461029 89042230 76467002 8799053 3776175 7853815 6294620 1253613 305582 18622031 15160195 2834108 627728 6433830 5156541 1026957 250332 0 393199 10796 382403 308632 6140 302492 0 0 0 18641270 14527494 3585166 528610 161227 112004 45458 3765 8825656 8081887 560002 183767 3072898 3049247 19910 3741 0 7021904 5952459 536167 533278 6269214 5233135 575688 460391 0 221153 154086 23990 43077 10453821 8378455 1668621 406745 0 24958636 20003671 3983855 971110 1251475 14145 1237330 Fellowships, Student Prizes 3897395 3897395 EQUIPMENT RENTAL & MAINT 6396992 4749922 1614497 32573 263922724 224954753 30035864 8932107 28214237 13631785 40838615 30571611 78110639 147220340 1213519 800862 309344 458428 0 0 16365346 15517333 333635 338885 10995586 12111851 769990922 307709520 442681123 462281402 210333014 54296110 2063839587 2370118283 0 0 0 0 17812321 6622174 2911046966 3113969064 61670595 57615875 0 0 3533228 2639744 348481311 339226607 56283673 56216388 0 0 0 0 0 0 3339912 3305041 473308719 459003655 X 327599175 345196584 1521009128 1703083845 589129944 606684980 2437738247 2654965409 2911046966 3113969064 X 232580527 -13773752 -1579613 X false true X true true true X 51244721 52694308 47342033 59651639 133207640 344140341 0 0 51244721 52694308 47342033 59651639 133207640 344140341 85658718 258481623 5737651 6018435 4727253 2089574 4604771 23177684 0 0 367318025 600637351 0.70370 0.79763 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 28503 28503 false Supplemental Information Regarding Lobbying Expenses Form 990, Schedule C, Part II-B, Line 1i The organization pays membership dues to member organizations including NACUBO and AICUM which may engage in lobbying activities. Therefore, A portion of the dues may be attributable to lobbying activities. 1 100000 2223314 true true 7708740 45521473 X X X X false false true X 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 1456675029 24762586 292928636 13178824 14107392 5063067 1742016968 0.09140 0.22890 0.67970 false false 1249072 12139734 13388806 4299841 570484038 247835158 326948721 0 0 0 80220270 44088276 36131994 101597967 15786086 85811881 462281402 Global Long Equity Funds 894087687 F Absolute Return fund 385190141 F Venture Capital Funds 299899605 F Buyout Funds 186426594 F Real Asset Funds 95473895 F Real Estate Funds 106157424 F Fixed Income Funds 285909010 F Other Investment Assets 116973927 F 2370118283 0 US GOV'T ADVANCES FOR STUDENTS 3305041 3305041 X 435389504 -13773752 -1579613 -15353365 450742869 45760382 45760382 496503251 218162342 218162342 45760382 45760382 263922724 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 ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $(3,407,531) GAIN ON FINANCIAL CONTRACTS $ 317,259 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,933,532 LOSS ON DISPOSAL OF FIXED ASSETS $ (422,873) ____________ TOTAL $(1,579,613) FORM 990, SCHEDULE D, PART XI, LINE 4B FINANCIAL AID $45,760,382 FORM 990, SCHEDULE D, PART XII, LINE 4B FINANCIAL AID $45,760,382 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 Education 22407 South Asia 1 Program Services Research 54356 Europe (Including Iceland and Greenland) 1 2 Program Services Education 2487857 Europe (Including Iceland and Greenland) Program Services Research 21503 Europe (Including Iceland and Greenland) Program Services Study Abroad 30952 Sub-Saharan Africa Program Services Education 71923 Sub-Saharan Africa Program Services Research 12898 Sub-Saharan Africa Program Services STUDY ABROAD 60305 Central America and the Caribbean Program Services Education 83716 Central America and the Caribbean 1 Program Services Research 157095 Central America and the Caribbean Program Services Study Abroad 27846 East Asia and the Pacific Program Services Education 50354 East Asia and the Pacific Program Services Research 65508 East Asia and the Pacific Program Services Study Abroad 22407 Middle East and North Africa Program Services Education 34543 Middle East and North Africa Program Services Study Abroad 838 Russia and the Newly Independent States Program Services Study Abroad 14378 South America Program Services Research 6782 South America Program Services Study Abroad 500 Central America and the Caribbean Investments 1074293443 Europe (Including Iceland and Greenland) Investments 15754807 Sub-Saharan Africa Investments 12853989 1 5 1 5 3218886 1102909521 1106128407 Financial aid - scholarships to students Europe (Including Iceland and Greenland) 13 30952 Financial aid - scholarships to students Sub-Saharan Africa 20 60305 Financial aid - scholarships to students Central America and the Caribbean 13 27846 Financial aid - scholarships to students East Asia and the Pacific 12 22407 Financial aid - scholarships to students South America 1 500 Financial aid - scholarships to students Russia and the Newly Independent States 8 14378 Financial aid - scholarships to students Middle East and North Africa 2 838 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 REPRESENT THE REGION OF THE UNDERLYING INVESTMENTS OR THE REGION WHERE THE INVESTMENT ACTIVITY OCCURS. true Mass Museum of Contemporary Art 1040 Mass MoCA Way North Adams MA 01247 043113688 501(C)(3) 50000 Program Support Mystic Seaport 75 Greenmanville Ave Mystic CT 06355 060653120 501(C)(3) 14025 Program Support Northern Berkshire United Way PO Box 955 North Adams MA 01247 042104785 501(C)(3) 5773 Program support VILLAGE AMBULANCE SERVICE INC 30 WATER STREET WILLIAMSTOWN MA 01267 042756911 501(C)(3) 21000 PROGRAM SUPPORT Williamstown Community Chest PO Box 204 Williamstown MA 01267 046044550 501(C)(3) 27124 Program Support Williamstown Fire District 34 Water Street Williamstown MA 01267 042931280 115 29560 Program support Williamstown Youth Center 66 School Street Williamstown MA 01267 042105836 501(C)(3) 50000 Program support Images Cinema 50 Spring Street Williamstown MA 01267 046407257 501(C)(3) 30000 PROGRAM SUPPORT WilliNet 34 Spring Street Williamstown MA 01267 043253056 501(C)(3) 12500 Program support NORTH ADAMS PARTNERSHIP 87 MARSHALL STREET NORTH ADAMS MA 01247 452625578 501(C)(3) 15000 Program support 10 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1099 45760382 MONITORING PROCEDURES FORM 990, SCHEDULE I, PART I, LINE 2 FINANCIAL AID IS AWARDED BY FINANCIAL 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 true true X X X X true true false false false false false true false ADAM FALK PRESIDENT 449635 0 0 0 150873 0 120306 0 47654 0 768468 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 421000 0 507347 0 17500 0 300658 0 47793 0 1294298 0 247085 0 KELI A GAIL SECRETARY OF THE COLLEGE 144880 0 0 0 1562 0 16174 0 28382 0 190998 0 0 0 STEPHEN P KLASS VP FOR CAMPUS LIFE 304620 0 0 0 1472 0 29397 0 31939 0 367428 0 0 0 JAMES KOLESAR Vice President for Public Affa 163309 0 0 0 0 0 18429 0 20737 0 202475 0 0 0 JOHN MALCOLM VP FOR COLLEGE RELATIONS 254664 0 0 0 178 0 28779 0 8212 0 291833 0 0 0 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 371422 0 0 0 17697 0 29397 0 23201 0 441717 0 0 0 MICHAEL REED Until 814 VP FOR STRATEGIC PLANNING 186236 0 0 0 4033 0 21968 0 14707 0 226944 0 0 0 SARAH BOLTON DEAN OF COLL/PROF OF PHYSICS 230020 0 0 0 917 0 26546 0 21173 0 278656 0 0 0 DENISE BUELL DEAN OF THE FACULTY 184291 0 0 0 89 0 18660 0 21173 0 224213 0 0 0 WILLIAM DUDLEY PROVOST, PROF OF PHILOSOPHY 231762 0 0 0 7489 0 26546 0 19932 0 285729 0 0 0 Peter Murphy until 614 Dean of Faculty/Prof English 201363 0 0 0 0 0 23140 0 21173 0 245676 0 0 0 MICHAEL BROWN PROF OF ANTHROPOLOGY 84466 0 0 0 167250 0 9497 0 16069 0 277282 0 0 0 JULIA CROSBY Managing Director, INV OFFICE 229839 0 69921 0 840 0 69595 0 20673 0 390868 0 22750 0 EVA GRUDIN SENIOR LECTURER IN ART 65823 0 0 0 286100 0 7090 0 6066 0 365079 0 0 0 LOUIS SOUSA Managing Director, INV OFFICE 313358 0 119097 0 840 0 102964 0 22397 0 558656 0 38750 0 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 311417 0 199808 0 840 0 102964 0 23838 0 638867 0 92807 0 WILLIAM J LENHARTUNTIL 611 PROF COMP SCIENCE/FRMR OFFICER 188281 0 0 0 144 0 21538 0 21173 0 231136 0 0 0 WILLIAM G WAGNER UNTIL 611 PROF HISTORY/FRMR KEY EMP&OFFR 180835 0 0 0 0 0 20868 0 23539 0 225242 0 0 0 BENEFITS FORM 990, SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: PRESIDENT FALK'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(iii) INCLUDES A TAXABLE HOUSING ALLOWANCE. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: WILLIAMS PAID DUES FOR A WILLIAMSTOWN-BASED GOLF COURSE MEMBERSHIP FOR PRESIDENT FALK. THE AMOUNTS WERE REPORTED AS TAXABLE COMPENSATION. FORM 990, SCHEDULE J, PART I, LINE 4A The College made the following lump sum payments in 2014 based on the voluntary early retirement incentive plan: $167,250 to Michael Brown, representing the first of two equal lump sum payments totaling 200% of his 2013-14 institutional base salary, and $286,100 to Eva Grudin, representing a single lump sum payment equivalent to 200% of her 2013-14 institutional base salary. FORM 990, SCHEDULE J, PART I, LINE 4B THE COLLEGE ESTABLISHED DEFERRED COMPENSATION PLANS FOR THE COLLEGE'S PRESIDENT, ADAM FALK, AND THE CHIEF INVESTMENT OFFICER (CIO), COLLETTE CHILTON. 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 2011-03-24 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 7951843 34200000 76536465 0 0 0 518260 0 0 66333146 9685059 0 2008 false true true true B 8152876 0 92077256 0 0 0 661056 0 0 50166200 41250000 0 2013 true false true true C 9411682 11065000 73396573 0 0 0 556293 0 0 0 72840280 0 2006 true false true true D 92139757 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 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 3195937 0 148355419 0 0 45265000 840287 0 0 60379615 35248343 6622174 2015 true true false true A false false false false 0 0.01390 0.01390 false false false true A false true true false false false 0 false 0 false true A true Sarah Bolton KEY EMPLOYEE Mortgage on Primary X 80232 59951 false true true Keli Gail OFFICER Mortgage on Primary X 70000 23361 false true true Stephen Klass OFFICER Mortgage on Primary X 100000 74244 false true true William Lenhart FORMER OFFICER Mortgage on Primary X 56563 2930 false true true John Malcolm OFFICER Mortgage on Primary X 40000 35029 false true true Frederick Puddester OFFICER Mortgage on Primary X 100000 94162 false true true Adam Falk OFFICER Mortgage on Primary X 100000 91957 false true true Denise Buell Key Employee Mortgage on Primary X 81880 76794 false true true 458428 X 13 7708740 APPRAISALS X 304 9577881 FMV X 1 1000000 FMV 8 false true true FORM 990, schedule m, part I, column B In column B, the college is reporting the number of contributions. FORM 990, SCHEDULE M, PART I, LINE 32B WILLIAMS COLLEGE GENERALLY USES A BROKER/AGENT TO FACILITATE THE SALE OF REAL PROPERTY. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 WILLIAMS SEEKS TO PROVIDE THE FINEST POSSIBLE LIBERAL ARTS EDUCATION BY NURTURING IN STUDENTS THE ACADEMIC AND CIVIC VIRTUES, AND THEIR RELATED TRAITS OF CHARACTER....[WILLIAMS] IS COMMITTED TO [THE] CENTRAL ENDEAVOR OF ACADEMIC EXCELLENCE IN A COMMUNITY OF LEARNING THAT COMPRISES STUDENTS, FACULTY AND STAFF, AND DRAWS ON THE ENGAGEMENT OF ALUMNI AND PARENTS....[WILLIAMS] ASKS ALL [ITS] STUDENTS TO UNDERSTAND THAT AN EDUCATION AT WILLIAMS SHOULD NOT BE REGARDED AS A PRIVILEGE DESTINED TO CREATE FURTHER PRIVILEGE, BUT AS A PRIVILEGE THAT CREATES OPPORTUNITIES TO SERVE SOCIETY AT LARGE, AND IMPOSES THE RESPONSIBILITY TO DO SO. AT THE SAME TIME, BEING ITSELF PRIVILEGED BY ITS HISTORY AND CIRCUMSTANCES, WILLIAMS UNDERSTANDS ITS OWN RESPONSIBILITY TO CONTRIBUTE BY THOUGHT AND EXAMPLE TO THE WORLD OF HIGHER EDUCATION. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A WILLIAMS IS AN INDEPENDENT LIBERAL ARTS COLLEGE FOR APPROXIMATELY 2,000 FULL-TIME UNDERGRADUATE AND 50 GRADUATE STUDENTS WHO COME FROM ALL OF THE 50 STATES AND MANY FOREIGN COUNTRIES. THE WILLIAMS CURRICULUM OFFERS STUDY IN THE HUMANITIES, THE SOCIAL SCIENCES AND THE NATURAL SCIENCES AND COMBINES A BROAD EDUCATION WITH KNOWLEDGE OF ONE FIELD IN DEPTH. THE COLLEGE OFFERS THE BACHELOR OF ARTS DEGREE AT THE UNDERGRADUATE LEVEL. IN ADDITION, MASTER OF ARTS PROGRAMS IN POLICY ECONOMICS AND HISTORY OF ART ARE OFFERED. GOVERNING BODY AUTHORITY FORM 990, PART VI, SECTION A, LINE 1A WILLIAMS COLLEGE'S GOVERNING BODY AND GOVERNING DOCUMENTS DELEGATE AUTHORITY ON A LIMITED SCOPE TO AN EXECUTIVE COMMITTEE CONSISTING OF THE BOARD CHAIR, THE PRESIDENT OF THE COLLEGE, AND 5-7 OTHER BOARD MEMBERS SELECTED ANNUALLY BY THE CHAIR AND PRESIDENT ACTING JOINTLY. REVIEW PROCESS FOR FORM 990 FORM 990, PART VI, LINE 11A WORKING WITH PRICEWATERHOUSECOOPERS, LLP ("PWC"), THE FORM 990 IS PREPARED FOR REVIEW BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. PWC SIGNS THE RETURN AS PAID PREPARER. A FINAL FORM 990 EXCLUDING THE NAMES OF ANONYMOUS DONORS AND THE AMOUNTS FOR CERTAIN ANONYMOUS DONORS WAS THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING WITH THE IRS. CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURE FORMS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. TRUSTEES HAVING A CONFLICT OF INTEREST ON ANY MATTER THAT COMES BEFORE THE BOARD 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 EXPECTED 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 WILLIAMS COLLEGE DOES 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, EMPLOYEE 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, IN ACCORDANCE WITH FINANCIAL STATEMENT REPORTING. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $ (3,407,531) LOSS ON DISPOSITION OF FIXED ASSETS (422,873) GAIN ON FINANCIAL CONTRACTS 317,259 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS 1,933,532 _________ TOTAL $ (1,579,613) WILLIAMS INN LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 465431139 HOTEL MA 3300300 569732 WILLIAMS STERLING & FRANCINE CLARK ART INSTITUTE 225 south street WILLIAMSTOWN MA 01267 042163004 ART MUSEUM MA 501(C)(3) 11A WILLIAMS true ASSOCIATED KYOTO PROGRAM INC college hall rm 204 northampton MA 01063 042996114 EDUCATION MA 501(C)(3) 11D 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 EDUCATION UK 501(C)(3) n/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 1467623 Cash PERPETUAL TRUST C 732534 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.