2015-05-14T09:55:33-05:00 2014-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2013-07-01 041843040 THE TRUSTEES OF THE SMITH COLLEGE % MICHAEL W HOWARD TRUS 4135852200 COLLEGE HALL 204 10 ELM STREET Suite NORTHAMPTON MA 010636304 MICHAEL W HOWARD vp for finance and administration 4135852200 2015-05-14 true SHY JOSEPH P01085371 4135852200 2015-05-14 2013 2016-02-25 16:41:14Z Kathleen McCartney COLLEGE HALL 201 10 ELM ST NORTHAMPTON MA 010636304 673675584 false X WWW.SMITH.EDU X 1871 MA SEE SCHEDULE O 30 29 4330 5655 1981722 39468790 38894729 164873178 168747246 75648636 68754454 7209333 7073250 287199937 283469679 65599072 66107101 0 0 119501136 124529492 270054 59345 7870612 92457783 90719218 277828045 281415156 9371892 2054523 2174842010 2374680859 279391958 281558491 1895450052 2093122368 X SMITH COLLEGE EDUCATES WOMEN OF PROMISE FOR LIVES OF DISTINCTION. A COLLEGE OF AND FOR THE WORLD, SMITH COLLEGE LINKS THE POWER OF THE LIBERAL ARTS TO EXCELLENCE IN RESEARCH AND SCHOLARSHIP, DEVELOPING LEADERS FOR SOCIETY'S CHALLENGES. 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SANFORD BELDEN TRUSTEE 5.0 0.0 X 0 0 0 DAHNA BLACK TRUSTEE 5.0 0.0 X 0 0 0 AGNES BUNDY SCANLAN TRUSTEE 5.0 0.0 X 0 0 0 LINDA SMITH CHARLES TRUSTEE 5.0 0.0 X 0 0 0 ARLENE CEBOLLERO COHRS TRUSTEE 5.0 0.0 X 0 0 0 PEGGY BLOCK DANZIGER TRUSTEE 5.0 0.0 X 0 0 0 DEBORAH DUNCAN TRUSTEE 5.0 0.0 X 0 0 0 PAULA FERRIS EINAUDI TRUSTEE 5.0 0.0 X 0 0 0 MARGARET EISEN TRUSTEE 5.0 0.0 X 0 0 0 ELIZABETH MUGAR EVEILLARD Trustee/Board Chair 5.0 0.0 X 0 0 0 DEBORAH FARRINGTON TRUSTEE 5.0 0.0 X 0 0 0 APRIL HOXIE FOLEY TRUSTEE 5.0 0.0 X 0 0 0 NEIL GRABOIS TRUSTEE 5.0 0.0 X 0 0 0 KATHLEEN BARNES GRANT TRUSTEE 5.0 0.0 X 0 0 0 ELIZABETH HOFFMAN TRUSTEE 5.0 0.0 X 0 0 0 EVE HUNTER TRUSTEE 5.0 0.0 X 0 0 0 HOON ENG KHOO TRUSTEE 5.0 0.0 X 0 0 0 SUSAN GOODMAN NOVICK TRUSTEE 5.0 0.0 X 0 0 0 ALISON OVERSETH TRUSTEE 5.0 0.0 X 0 0 0 JUDITH PELHAM TRUSTEE 5.0 0.0 X 0 0 0 LOIS PERELSON-GROSS TRUSTEE 5.0 0.0 X 0 0 0 DEBRA Y ROMERO TRUSTEE 5.0 0.0 X 0 0 0 LINDA E SALISBURY TRUSTEE 5.0 0.0 X 0 0 0 NINA SCHERAGO TRUSTEE 5.0 0.0 X 0 0 0 JAMES SHULMAN TRUSTEE 5.0 0.0 X 0 0 0 SHARMILA GHOSH SINHA TRUSTEE 5.0 0.0 X 0 0 0 LOIS THOMPSON TRUSTEE 5.0 0.0 X 0 0 0 KATHLEEN MCCARTNEY PRESIDENT 40.0 0.0 X X 205683 42368 RUTH CONSTANTINE VP FINANCE & ADMIN/TREASURER 40.0 0.0 X 304431 0 38697 REBECCA LINDSEY SECRETARY 40.0 0.0 X 102349 0 36321 MARILYN SCHUSTER PROVOST 40.0 0.0 X 258066 0 37658 LAURA SMIAROWSKI CONTROLLER 40.0 0.0 X 131204 0 42169 LAURIE FENLASON VP PUBLIC AFFAIRS 40.0 0.0 X 203830 0 45714 DAVID GREGORY VP INFORMATION TECH 40.0 0.0 X 193196 0 31745 MAUREEN MAHONEY VICE PRESIDENT CAMPUS LIFE 40.0 0.0 X 203713 0 35153 JOHN SHENETTE ASSOC VP FACILITIES 40.0 0.0 X 198306 0 44974 AUDREY YALE SMITH VP ENROLLMENT 40.0 0.0 X 155966 0 43910 JOHN CONNOLLY PROFESSOR 40.0 0.0 X 201951 0 42302 PAULA GIDDINGS PROFESSOR 40.0 0.0 X 194344 0 34392 CAROLYN JACOBS DEAN, SCHOOL FOR SOCIAL WORK 40.0 0.0 X 192823 0 34669 JOSEPH O'ROURKE ASSOCIATE PROVOST 40.0 0.0 X 243731 0 50866 ANDREW ZIMBALIST PROFESSOR 40.0 0.0 X 218979 0 52182 CAROL T CHRIST PRESIDENT EMERITA 25.0 0.0 X 368136 0 55976 WILLIAM SHEEHAN DIRECTOR OF ACCOUNTING 40.0 0.0 X 114905 0 21350 3491613 0 690446 201 true true false PERKINS Will Inc PO Box 71181 CHICAGO IL 60694 Architects 1154837 MOUNT HOLYOKE COLLEGE OFFICE OF THE CONTROLLER SOUTH HADLEY MA 01075 CAMPUS POLICE/FACLTY 1448499 INVESTURE LLC 126 GARRETT ST CHARLOTTESVILLE VA 22902 investment manager 710583 DENMARK INTERNATIONAL STUDY 2233 UNIVERSITY AVENUE SUITE 201 SAINT PAUL MN 55114 INTERNATIONAL STUDY 737310 UNIVERSITY OF MASSACHUSETTS 373 WHITMORE ADMINISTRATIVE BUILDIN AMHERST MA 01003 RESEARCH 722988 28 4045293 34849436 13789549 38894729 UNDERGRADUATE 611600 149128365 149128365 SCHOOL FOR SOCIAL WORK 611600 7676929 7676929 GRADUATE 611600 3545858 3545858 EXECUTIVE EDUCATION & SUMMER PROGRAMS 611600 3968127 3759150 208977 CAMPUS SCHOOL & CTR FOR EARLY CHILDHOOD 611600 4332597 4332597 95370 95370 168747246 11102330 190047 -863027 11775310 0 94583 94583 1976301 1742212 234089 0 234089 115823 118266 445091319 387439195 57652124 57652124 2332883 55319241 0 0 1082540 1024498 58042 66150 -8108 DINING SERVICES, CAFE, CATERING 721000 691188 691188 DEPARTMENTAL 611600 4258649 4065918 192731 INDIRECTS, ALLOWANCES 611600 665365 665365 1071334 1071334 6686536 283469679 175498677 1981722 67094551 113556 113556 65000004 65000004 993541 993541 0 3199743 208099 2523362 468282 50907 50907 92138116 67154524 20908563 4075029 8011955 6297331 1359882 354742 14813560 11118966 2999198 695396 6315211 4836981 1192038 286192 0 277166 67178 209988 217785 30435 187350 5000 5000 59345 59345 4142224 4142224 9329752 6459388 2673452 196912 475469 341182 93363 40924 3522805 2995587 173574 353644 3054705 1214412 1802916 37377 0 19665255 2419094 17235950 10211 3550239 3022982 151191 376066 0 680040 487006 162337 30697 5562498 5062219 500279 0 21326571 20504917 770664 50990 1456607 75683 1380924 HOME SCHOOL 6064787 6064787 ALLOC OF FACILITY/DINING 37643109 -38095055 451946 PROVISIONS 5746898 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 5000 false false false 5000 false PART II-B, LINE 1F THE COLLEGE HAS MEMBERSHIPS IN VARIOUS PROFESSIONAL ASSOCIATIONS. THESE ASSOCIATIONS MAY, FROM TIME TO TIME, ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. THIS IS AN ESTIMATE OF THE PORTION OF MEMBERSHIP DUES PAID THAT ARE DEVOTED TO THIS ACTIVITY. 1504525 53662145 X X X X X TEACHING PRIMARY RESEARCH METHODS false false true X 1557426714 24836723 252225131 28421742 46636428 3675171 1755755227 1409755120 23122680 200334413 27031582 44587384 4166533 1557426714 1429527292 19368719 36383713 26223371 41006435 8294798 1409755120 1243560774 16527946 232419190 25283847 40298747 -2601976 1429527292 1096321963 33393357 177053420 23641970 38342016 1223980 1243560774 0.23238 0.21494 0.55268 true false 2583724 4200427 6784151 13746090 499388052 207393628 305740514 128929684 60578594 68351090 0 39664670 5413013 34251657 415127412 LIMITED PARTNERSHIPS 1738176622 F FUNDS HELD BY OUTSIDE TRUSTEE 36164963 F 1774341585 0 INTEREST RATE SWAPS 18923231 LIFE INCOME OBLIGATIONS 19624407 POST RETIREMENT AND SEPARATION 5424708 FIN 47 OBLIGATION 19760569 63732915 X 413224000 189174585 -57920838 131253747 281970253 4142224 -2642798 1499426 283469679 213252000 3644166 3644166 209607834 4142224 67665098 71807322 281415156 PART III, LINE 4 THE SMITH COLLEGE MUSEUM OF ART'S HOLDINGS INCLUDE PAINTINGS, SCULPTURES, WORKS ON PAPER (PRINTS, DRAWINGS, PHOTOGRAPHS, AND BOOKS), ANTIQUITIES, DECORATIVE ARTS, AND EMERGING COLLECTIONS OF NON-WESTERN ART. ITS WORKS-ON-PAPER COLLECTIONS ARE HOUSED IN THE CUNNINGHAM CENTER FOR THE STUDY OF PRINTS, DRAWINGS, AND PHOTOGRAPHS, A STATE-OF-THE-ART STUDY AND STORAGE FACILITY WITHIN THE MUSEUM. SMITH COLLEGE BEGAN COLLECTING ORIGINAL WORKS OF ART IN 1879, ONLY FOUR YEARS AFTER IT ENROLLED ITS FIRST CLASS. INITIALLY, PRESIDENT L. CLARK SEELYE BOUGHT WORKS OF CONTEMPORARY AMERICAN ART, OFTEN DIRECTLY FROM THE ARTISTS THEMSELVES, BELIEVING THAT STUDENTS SHOULD BE FAMILIAR WITH THE ART OF THEIR OWN TIME. AMERICAN ART HAS REMAINED ONE OF THE COLLECTIONS' CORE STRENGTHS. BY THE EARLY TWENTIETH CENTURY, ALFRED VANCE CHURCHILL, THE MUSEUM'S FIRST DIRECTOR, HAD EXPANDED THE COLLECTING SPHERE TO INCLUDE EUROPEAN ART. AT THE REQUEST OF THE COLLEGE'S TRUSTEES, CHURCHILL FORMALIZED THE MUSEUM'S COLLECTING GUIDELINES IN 1920. THESE INVOLVED A "CONCENTRATION PLAN" THAT FOCUSED ON THE MODERN ERA, WHICH HE DEFINED AS BEGINNING WITH THE FRENCH REVOLUTION. HIS PLAN EMPHASIZED THE IMPORTANCE OF COLLECTING WORKS OF HIGH QUALITY, WHILE RECOGNIZING THE INSTRUCTIONAL VALUE OF PREPARATORY STUDIES AND UNFINISHED WORKS THAT SHOW AN ARTIST'S WORKING METHOD. GUIDED BY THIS PLAN, THE MUSEUM ASSEMBLED IMPORTANT HOLDINGS OF FRENCH ART OF THE NINETEENTH CENTURY, INCLUDING SUPERB WORKS BY EDGAR DEGAS, JEAN-BAPTISTE-CAMILLE COROT, GUSTAVE COURBET, PAUL CEZANNE, CLAUDE MONET AND OTHERS. THE PLAN WAS REVISITED IN THE EARLY 1990S, AND ACQUIRING WORKS BY WOMEN ARTISTS AND ARTISTS OF COLOR BECAME A COLLECTING PRIORITY. IN THE LAST DECADE, THE COLLECTING PLAN HAS SIGNIFICANTLY EXPANDED TO INCLUDE AFRICAN, ISLAMIC, AND, PARTICULARLY, ASIAN ART TO SUPPORT THE COLLEGE'S GLOBAL CURRICULUM. THE NEWEST ACQUISITIONS TO THE MUSEUM'S COLLECTION INCLUDE WORKS BY JAUNE QUICK-TO-SEE SMITH, ANA MENDIETA, MISHIMA KIMIYO, TADDEO DI BARTOLO, ROBERT MOTHERWELL AND BETYE SAAR. EXHIBITIONS HAVE INCLUDED THE EYE IS A DOOR: LANDSCAPE PHOTOGRAPHS BY ANNE WISTON SPIM; FRAMEWORK X; RIVER OF GOLD: PRECOLUMBIAN TREASURES FROM SITIO CONTE; LOOK AT ME, ME, ME!; EYE ON THE STREET; SHARED INSPIRATION: THE MURIEL K. AND DAVID R. POKROSS COLLECTION. THE MUSEUM HOSTS SECOND FRIDAYS, FAMILY EVENTS FOR THOSE WHO ARE 4+, THAT HAS INCLUDED INDOOR SCULPTURE SKETCHING, PARQUETRY PATTERNS BASED ON BAUHAUS GRAPHIC DESIGN, CHINESE WATERCOLOR COLLAGES INSPIRED BY POST MAO DREAMING AND KINETIC SCULPTURES. THE SMITH COLLEGE LIBRARIES ADVANCE TEACHING, LEARNING, RESEARCH, AND DISCOVERY FOR SMITH STUDENTS, FACULTY AND STAFF BY OFFERING COLLECTIONS IN MULTIPLE FORMATS, PROVIDING ACCESS TO INFORMATION WORLDWIDE, AND ESTABLISHING SERVICES AND LEARNING ENVIRONMENTS RESPONSIVE TO USERS' NEEDS. THE LIBRARIES FURTHER SUPPORT WOMEN'S EDUCATION THROUGH AN INTERNATIONALLY RECOGNIZED REPOSITORY OF ARCHIVES AND MANUSCRIPTS DOCUMENTING THE HISTORY OF WOMEN. - WILLIAM ALLEN NEILSON LIBRARY IS THE MAIN LIBRARY WITH STRONG COLLECTIONS IN THE HUMANITIES AND SOCIAL SCIENCES. - ANITA O'K AND ROBERT R. YOUNG SCIENCE LIBRARY HAS AN EXTENSIVE COLLECTION THAT SUPPORTS RESEARCH IN ASTRONOMY, BIOLOGY, CHEMISTRY, COMPUTER SCIENCE, ENGINEERING, EXERCISE AND SPORTS STUDIES, GEOSCIENCES, HISTORY OF SCIENCE, MATHEMATICS, PHYSICS AND PSYCHOLOGY. - HILLYER ART LIBRARY IS A SPECIALIZED BRANCH COLLECTION THAT HOUSES MATERIALS ON THE HISTORY, THEORY, CRITICISM, AND PRACTICE OF THE VISUAL ARTS. - WERNER JOSTEN PERFORMING ARTS LIBRARY SUPPORTS THE TEACHING, LEARNING, RESEARCH, AND PERFORMANCE PROGRAMS OF THE MUSIC, THEATRE AND DANCE DEPARTMENTS. - THE COLLEGE ARCHIVES HOUSES A RICH COLLECTION OF MATERIAL DOCUMENTING THE HISTORY OF SMITH COLLEGE FROM THE 1860S TO THE PRESENT. - MORTIMER RARE BOOK ROOM IS A COLLECTION OF NEARLY 40,000 VOLUMES THAT COVERS THE HISTORY OF PRINTING FROM THE FIFTEENTH CENTURY TO THE TWENTIETH. ALL ASPECTS OF THE BOOK ARTS ARE REPRESENTED. THE COLLECTION IS BEING DIGITIZED, MAKING IT AVAILABLE WITHOUT CHARGE ON THE INTERNET. - THE SOPHIA SMITH COLLECTION IS AN INTERNATIONALLY RECOGNIZED REPOSITORY OF MANUSCRIPTS, PHOTOGRAPHS, PERIODICALS AND OTHER PRIMARY SOURCES IN WOMEN'S HISTORY. PART IV, LINE 2A THE COLLEGE IS THE FISCAL AGENT FOR THE ALUMNAE ASSOCIATION OF SMITH COLLEGE, SMITH STUDENTS' AID SOCIETY, INC., ASSOCIATED KYOTO PROGRAM, SMITH COLLEGE CLUB OF NEW YORK CITY AND THE PERKINS LOAN PROGRAM. PART V, LINE 4 THE SMITH COLLEGE ENDOWMENT PROVIDES A CRITICAL FUNDING STREAM THAT ALLOWS THE COLLEGE TO PROVIDE FINANCIAL AID TO STUDENTS WITH NEED, SHAPE THE COMPOSITION OF ITS FACULTY TO MEET CURRICULAR OBJECTIVES, MAINTAIN AND EXPAND FACILITIES, DEVELOP NEW INITIATIVES AND PROGRAMS TO RESPOND TO CURRENT SOCIETAL AND INTELLECTUAL CHALLENGES, AND KEEP PACE WITH TECHNOLOGICAL CHANGES INTEGRAL TO TODAY'S TEACHING AND LEARNING. AT SMITH, THE ENDOWMENT HAS GROWN TO PROVIDE APPROXIMATELY 30% OF OPERATING REVENUE BY EMPLOYING A SPENDING RATE APPROACH THAT SEEKS THE LARGEST RESPONSIBLE ANNUAL CONTRIBUTION TO OPERATIONS WHILE PROVIDING ADEQUATE DOWNSIDE PROTECTION AGAINST PERIODS OF DECLINING RETURNS AND WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO BENEFIT FUTURE GENERATIONS OF STUDENTS. THE TOP FIVE USES OF THE ENDOWMENT FOR FY2014 WERE AS FOLLOWS: UNDERGRADUATE GRANT AID 34%, FACULTY COMPENSATION 19%, OPERATION & MAINTENANCE OF FACILITIES 5%, LIBRARIES 3% & FACULTY RESEARCH SUPPORT 3%. PART X, LINE 2 The college is an organization described under Internal Revenue Code (IRC)Section 501(c)(3) and is generally exempt from federal and state taxes under the Section 501(a) of the Code and applicable state laws. The college believes it has taken no significant uncertain tax positions. PART XI, LINE 2D ALUMNAE ASSOCIATION 3,300,423 LIFE INCOME FUNDS 6,443,837 STUDENT GRANTS (63,366,525) SWAPS (4,298,573) TOTAL (57,920,838) PART XI, LINE 4B RENTAL (1,742,212) COST OF GOODS SOLD (1,024,498) RETURNED GIFTS 123,319 ROUNDING ADJUSTMENT 593 TOTAL (2,642,798) PART XII, LINE 2D RENTAL 1,742,212 ALUMNAE ASSOCIATION 1,001,367 COST OF GOODS SOLD 1,024,498 RETURNED GIFTS (123,319) ROUNDING ADJUSTMENT (592) TOTAL 3,644,166 PART XII, LINE 4B STUDENT GRANTS 63,366,525 SWAPS 4,298,573 TOTAL 67,665,098 true true true true true true true false false false false false false false false true false true PART I, LINE 3 DUE TO ITS NATIONAL & INTERNATIONAL AUDIENCES FOR STUDENTS AND EMPLOYEES, SMITH COLLEGE INCLUDES ITS NOTICE OF NONDISCRIMINATION IN ALL MARKETING MATERIALS AND ON THE WEB. SMITH COLLEGE IS COMMITTED TO MAINTAINING A DIVERSE COMMUNITY IN AN ATMOSPHERE OF MUTUAL RESPECT & APPRECIATION OF DIFFERENCES. SMITH COLLEGE DOES NOT DISCRIMINATE IN ITS EDUCATIONAL & EMPLOYMENT POLICIES ON THE BASES OF RACE, COLOR, CREED, RELIGION, NATIONAL/ETHNIC ORIGIN, SEX, SEXUAL ORIENTATION, AGE, OR WITH REGARD TO THE BASES OUTLINED IN THE VETERANS READJUSTMENT ACT AND AMERICANS WITH DISABILITY ACT. SMITH'S ADMISSION POLICIES AND PRACTICES ARE GUIDED BY THE SAME PRINCIPLE, CONCERNING WOMEN APPLYING TO THE UNDERGRADUATE PROGRAM AND ALL APPLICANTS TO THE GRADUATE PROGRAMS. PART I, LINE 6A SMITH COLLEGE RECEIVED FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE COLLEGE'S STUDENTS. true East Asia and the Pacific Program Services INT'L STUDENT SCHOLARS 260106 Europe (Including Iceland and Greenland) Program Services INT'L STUDENT SCHOLARS 69403 North America Program Services INT'L STUDENT SCHOLARS 41529 Russia and the Newly Independent States Program Services INT'L STUDENT SCHOLARS 43229 South Asia Program Services INT'L STUDENT SCHOLARS 145397 Sub-Saharan Africa Program Services INT'L STUDENT SCHOLARS 227165 Central America and the Caribbean Program Services COLLEGE STUDY PROGRAM 145689 East Asia and the Pacific Program Services COLLEGE STUDY PROGRAM 1356965 Europe (Including Iceland and Greenland) 4 8 Program Services COLLEGE STUDY PROGRAM 6918038 Middle East and North Africa Program Services COLLEGE STUDY PROGRAM 133175 North America Program Services COLLEGE STUDY PROGRAM 53096 Russia and the Newly Independent States Program Services COLLEGE STUDY PROGRAM 125394 South America Program Services COLLEGE STUDY PROGRAM 382434 South Asia Program Services COLLEGE STUDY PROGRAM 186545 Sub-Saharan Africa Program Services COLLEGE STUDY PROGRAM 94180 Europe (Including Iceland and Greenland) Fundraising 53137 Central America and the Caribbean Grantmaking 11210 East Asia and the Pacific Grantmaking 34244 Europe (Including Iceland and Greenland) Grantmaking 108508 Middle East and North Africa Grantmaking 6283 North America Grantmaking 3000 South America Grantmaking 14268 South Asia Grantmaking 16799 Sub-Saharan Africa Grantmaking 12400 Central America and the Caribbean Investments 500238383 Europe (Including Iceland and Greenland) Investments 69690 4 8 4 8 10246692 500503575 510750267 FINANCIAL AID Central America and the Caribbean 8 11210 CASH FMV FINANCIAL AID East Asia and the Pacific 31 294350 CASH FMV FINANCIAL AID Europe (Including Iceland and Greenland) 99 177911 CASH FMV FINANCIAL AID Middle East and North Africa 4 6283 CASH FMV FINANCIAL AID North America 2 44529 CASH FMV FINANCIAL AID South America 8 14268 CASH FMV FINANCIAL AID South Asia 15 162196 CASH FMV FINANCIAL AID Sub-Saharan Africa 11 239565 cash FMV FINANCIAL AID Russia and the Newly Independent States 1 43229 cash FMV true false true true true true PART I, LINE 2 THE COLLEGE MONITORS ALL GRANTS TO ENSURE THAT THE FUNDS ARE UTILIZED APPROPRIATELY. FOR GRANTS APPLIED TO COVER TUITION AND OTHER FEES, ACADEMIC PROGRESS IS REQUIRED TO ENSURE CONTINUED FUNDING. INTERNSHIPS REQUIRE PROOF OF PARTICIPATION AND SATISFACTORY ACADEMIC CONTENT. OTHER FINANCIAL ASSISTANCE REQUIRES DEMONSTRATED NEED. PART I, LINE 3 THE COLLEGE ENCOURAGES STUDY ABROAD FOR ALL OF ITS UNDERGRADUATE STUDENTS. THE COLLEGE OPERATES FOUR PROGRAMS IN EUROPE. IN ADDITION, STUDENTS MAY STUDY ELSEWHERE OUTSIDE THE UNITED STATES AT PREAPPROVED LOCATIONS. THE COLLEGE AND ITS EMPLOYEES MAY ENGAGE IN OTHER ACTIVITIES SUCH AS RESEARCH AND FUNDRAISING. FOR STUDY ABROAD, STUDENTS PAY THE COLLEGE ITS COMPREHENSIVE FEE WITH OFFSETTING GRANTS PROVIDED IN ACCORDANCE WITH STANDARD COLLEGE FINANCIAL AID POLICIES AND PROCEDURES. THE COLLEGE PAYS FOREIGN SCHOOLS TO PROVIDE TEACHING AND ACCOMMODATIONS. FOREIGN TRAVEL AND OTHER EXPENSES REQUIRED FULL REPORTING UNDER THE COLLEGE'S ACCOUNTABLE PLAN FOR REIMBURSEMENT OF BUSINESS EXPENSES. THE COLLEGE'S INVESTMENT STRATEGY ENCOMPASSES A GLOBAL APPROACH TO INVESTMENT ACTIVITIES. THE ACTUAL LOCATION OF THESE INVESTMENTS MAY VARY SIGNIFICANTLY FROM THE LEGAL DOMICILE OF THE INVESTMENT VEHICLE (FUND-OF-FUNDS). X X X X X X true MARTS LUNDY INC Lyndhurst NJ 070 CONSULTING false 22672 INGEBORG REICHENBACH ITHACA NY 148 1 Tyler Rd ITHACA NY 14850 CONSULTING false 29389 PLUS DELTA PARTNERS CarLsbadCA 920 CONSULTING false 3458 MKS Communication Walpole MA 02081 4 Beaverbrook Lane Walpole MA 02081 CONSULTING false 3825 59344 MA PART I, LINE 3 THE TRUSTEES OF SMITH COLLEGE IS ORGANIZED AND OPERATES IN MASSACHUSETTS AND MAKES ALL APPROPRIATE FILINGS IN MASSACHUSETTS. IT MAINTAINS CONTACT WITH ALUMNAE AND FRIENDS IN EVERY STATE. true New England Public Radio Fdn PO BOX 2085 AMHERST MA 01004 046130523 501(c)(3) 20000 FMV GENERAL SUPPORT COOLEY DICKINSON HEALTH CARE CORP PO BOX 329 NORTHAMPTON MA 01061 042103561 501(C)(3) 50000 FMV GENERAL SUPPORT TRUSTEES OF FORBES LIBRARY 20 WEST STREET NORTHAMPTON MA 01060 046004208 501(C)(3) 20000 FMV BUILDING PROJECT NORTHAMPTON ACADEMY OF MUSIC 274 MAIN STREET NORTHAMPTON MA 01060 042266004 501(C)(3) 10000 FMV GENERAL SUPPORT CLARK SCHOOLS FOR HEARING & SPEECH 45 ROUND HILL ROAD NORTHAMPTON MA 01060 042104008 501(C)(3) 9806 FMV BUILDING PROJECT 5 0 APPLIED TO TUITION/FEES DUE TO COLLEGE 2386 62579696 FMV ACADEMIC INTERNSHIPS 1001 1932005 FMV PRIZES 253 268054 FMV OTHER FINANCIAL ASSISTANCE 585 220249 FMV MONITOR THE USE OF GRANTS FUNDS IN THE U.S. PART I, LINE 2 SMITH COLLEGE AWARDS SCHOLARSHIP GRANTS AND LOANS TO STUDENTS WHO ARE ABLE TO DEMONSTRATE FINANCIAL NEED. EACH STUDENT IS REQUIRED TO SUBMIT A PARENT'S CONFIDENTIAL QUESTIONNAIRE WHICH BECOMES THE BASIS OF DETERMINING NEED. GUIDELINES ISSUED BY THE COLLEGE SCHOLARSHIP SERVICE ARE USED IN ASCERTAINING THE FINANCIAL REQUIREMENT OF THE STUDENTS. THE FINANCIAL NEED IS GENERALLY MET THROUGH A COMBINATION OF LOANS AND GRANTS. BOTH ARE CREDITED TO THE STUDENT'S SEMESTER BILL THUS REDUCING THE PAYMENT DUE TO THE COLLEGE. THE COLLEGE ALSO AWARDS A RELATIVELY SMALL NUMBER OF MERIT-BASED GRANTS. THE COLLEGE FUNDS INTERNSHIPS THAT MEET RIGOROUS ACADEMIC CRITERIA. OTHER FINANCIAL ASSISTANCE IS PROVIDED TO MEET EMERGENCY TYPE AID ON A CASE-BY-CASE BASIS. THE COLLEGE MONITORS ALL GRANTS TO INDIVIDUALS TO ENSURE THAT FUNDS ARE UTILIZED APPROPRIATELY. FOR GRANTS APPLIED TO COVER TUITION AND OTHER FEES, ACADEMIC PROGRESS IS REQUIRED TO ENSURE CONTINUED FUNDING. INTERNSHIPS REQUIRE PROOF OF PARTICIPATION AND SATISFACTORY ACADEMIC CONTENT. OTHER FINANCIAL ASSISTANCE REQUIRES DEMONSTRATED NEED. GRANTS TO ORGANIZATIONS ARE ONLY MADE TO THOSE RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS BEING DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND 501 (C)(6). X X X true true X X X X X false false false false false false false false false CAROL T CHRIST PRESIDENT EMERITA 365225 0 0 0 2911 0 31383 0 24929 0 424448 0 0 JOHN CONNOLLY PROFESSOR 186663 0 0 0 15288 0 24501 0 19470 0 245922 0 0 0 LAURIE FENLASON VP PUBLIC AFFAIRS 203554 0 0 0 276 0 25112 0 21453 0 250395 0 0 0 PAULA GIDDINGS PROFESSOR 193150 0 0 1194 0 23691 0 12987 0 231022 0 0 0 DAVID GREGORY VP INFORMATION TECH 192451 0 0 0 745 0 23299 0 15893 0 232388 0 0 0 CAROLYN JACOBS DEAN, SCHOOL FOR SOCIAL WORK 190650 0 1000 0 1173 0 23548 0 11375 0 227746 0 0 0 RUTH CONSTANTINE VP FINANCE & ADMIN/TREASURER 302430 0 0 0 2001 0 31383 0 7694 0 343508 0 0 MAUREEN MAHONEY VICE PRESIDENT CAMPUS LIFE 202475 0 0 0 1238 0 24859 0 10605 0 239177 0 0 0 JOSEPH O'ROURKE ASSOCIATE PROVOST 239695 0 2500 0 1536 0 30265 0 20939 0 294935 0 0 0 MARILYN SCHUSTER PROVOST 248097 0 0 0 9969 0 30525 0 7411 0 296002 0 0 0 WILLIAM SHEEHAN DIRECTOR OF ACCOUNTING 114514 0 0 0 391 0 12930 0 8632 0 136467 0 0 0 JOHN SHENETTE ASSOC VP FACILITIES 197885 0 0 0 421 0 24372 0 20910 0 243588 0 0 0 LAURA SMIAROWSKI CONTROLLER 130479 0 0 0 725 0 16157 0 29998 0 177359 0 0 0 AUDREY YALE SMITH VP ENROLLMENT 155396 0 0 0 570 0 19259 0 32140 0 207365 0 0 0 ANDREW ZIMBALIST PROFESSOR 207587 0 0 0 11392 0 27531 0 24915 0 271425 0 0 0 KATHLEEN MCCARTNEY PRESIDENT 196245 0 9438 24985 23375 254043 0 COMPENSATION PART I, LINE 1A HOUSING ALLOWANCE: THE PRESIDENT IS REQUIRED TO LIVE ON-CAMPUS IN THE PRESIDENT'S HOUSE AS A CONDITION OF EMPLOYMENT AND, THEREFORE, THE HOUSING ALLOWANCE IS NOT TAXABLE. THE AMOUNT IS INCLUDED IN COLUMN D OF SCHEDULE J, PART II. SOCIAL CLUB MEMBERSHIP FEE: THE PRESIDENT'S MEMBERSHIP FEE TO YALE CLUB OF NEW YORK IS COVERED FOR THE PURPOSES OF CONDUCTING COLLEGE-RELATED BUSINESS. PERSONAL SERVICES: A COLLEGE EMPLOYEE PREPARES MEALS AT THE PRESIDENT'S HOUSE FOR THE CONVENIENCE OF THE COLLEGE. A COLLEGE EMPLOYEE FROM ITS FACILITIES MAINTENANCE DEPARTMENT IS ASSIGNED TO THE PRESIDENT'S HOUSE. THE HOME IS MAINTAINED SIMILARLY TO OTHER CAMPUS FACILITIES. IN ADDITION TO CLEANING AND MAINTAINING THE PUBLIC AREAS OF THE RESIDENCE, THE INDIVIDUAL PERFORMS A SMALL AMOUNT OF LIGHT HOUSEKEEPING (INCLUDING DUSTING AND VACUUMING)IN THE PRESIDENT'S PERSONAL QUARTERS. THIS HOUSEKEEPING IS CONSIDERED TO BE OF NO ADDITIONAL COST TO THE INSTITUTION. A COLLEGE CAR AND DRIVER ARE PROVIDED WHEN TRAVELING ON COLLEGE BUSINESS. THESE BENEFITS ARE NONTAXABLE. THE PRESIDENT REIMBURSES THE COLLEGE FOR ANY NON-BUSINESS USE OF THE CAR AND DRIVER DURING THE YEAR. A Massachusetts Development Finance Agency 043431814 57583RQZ1 2007-07-31 72960000 RENOVATION & NEW CONSTRUCTION false false false B Massachusetts Development Finance Agency 043431814 57583RBT1 2005-07-20 33065000 RENOVATION & NEW CONSTRUCTION false false false A 0 0 76408987 0 0 0 454640 0 0 74574347 1380000 0 2010 false false true true B 0 0 36824990 0 0 0 351942 0 0 36473048 0 0 2008 false false true true A false false true true true true 0.00649 0.00000 0.00649 false false false true B false false true true true true 0.02260 0.00000 0.02260 false false 0.00000 false true A true true true JP MORGAN CHASE 28.5 true false true DEPFA 3. true false true B false false false true false false 0 true SOCIETE GENERALE 3. true false true A true B true SCHEDULE K, PART II, LINE 3 THE AMOUNT IN THE TOTAL PROCEEDS OF ISSUE INCLUDES INTEREST INCOME EARNED IN THE UNSPENT CONSTRUCTION FUNDS' BANK ACOUNT. ALL PROCEEDS WERE SPENT ON CONSTRUCTION WITHIN THREE YEARS OF THE BOND ISSUE DATE. SCHEDULE K, PART II, LINE 11 THE OTHER SPENT PROCEEDS OF $1,380,000 WAS THE AMOUNT FROM THE PROCEEDS TO PAY THE ARBITRAGE ON THE 8038-T FILED IN 2011. SCHEDULE K, PART IV, LINE 2C THE ARBITRAGE COMPUTATION IS CALCULATED ANNUALLY FOR BOTH BOND ISSUES BY AMTEC, AN OUTSIDE FIRM. THE LAST CALCULATION WAS PERFORMED FOR APRIL 30, 2014. LAURIE FENLASON EMPLOYEE PURCHASE OF 1ST HOME X 48000 6234 false true true ANDREW ZIMBALIST EMPLOYEE ACCOUNTS RECEIVABLE X 34 34 false false true PAULA GIDDINGS EMPLOYEE PURCHASE OF HOME X 50000 28441 false true true ANDREW ZIMBALIST EMPLOYEE CHANGE IN PAY CYCLE X 3346 836 false true true DAVID GREGORY EMPLOYEE PURCHASE OF HOME X 75000 65285 false true true AUDREY SMITH EMPLOYEE CHANGE IN PAY CYCLE X 2500 605 false true true 101435 10235 ACCOUNTABLE PLAN EXPENSES RESEARCH & PROF DEVLPMNT COLLEGIATE CATALYST FUND LAURA SMIAROWSKI-OFFICER 586993 INSURANCE PREMIUMS false COLLEGIATE CATALYST FUND LAURA SMIAROWSKI-OFFICER 226138 CLAIMS PAID false INDEPENDENT SCHOOLS COMPENSATION CO LAURA SMIAROWSKI-OFFICER 516407 INSURANCE PREMIUMS false WILLIAM HAGEN SPOUSE OF PRESIDENT 12288 INSTRUCTOR false LINDA GREGORY SPOUSE OF KEY EMPLOYEE 38619 STAFF EMPLOYEE false X 57 1504525 APRAISL/DONOR EST. X 241583 APRAISL/DONOR EST. X 304 11359503 AVERAGE DAILY VALUE X 7 645795 STATEMENT OF ACCOUNT X MISCELLANEOUS 3 38143 APRAISL/DONOR EST. X ARCHIVAL RECORD 70 0 INDETERMINABLE VALUE X ARCHIVAL RECORD 317 0 INDETERMINABLE VALUE 24 false true false PART I, LINE 26 THE COLLEGE ARCHIVES HISTORICALLY VALUABLE RECORDS OF THE INSTITUTION AND THE PERSONAL PAPERS OF SELECTED ADMINISTRATORS, FACULTY, STAFF, STUDENTS AND ALUMNAE. HISTORICAL VALUE ONLY. NO REVENUE RECOGNIZED. PART I, LINE 27 THE SOPHIA SMITH COLLECTION AT SMITH COLLEGE IS AN INTERNATIONALLY RECOGNIZED REPOSITORY OF MANUSCRIPTS, ARCHIVES, PERIODICALS AND OTHER PRIMARY SOURCES IN WOMEN'S HISTORY. THE COLLECTIONS CONSIST OF APPROXIMATELY 592 COLLECTIONS DOCUMENTING THE HISTORICAL EXPERIENCE OF WOMEN IN THE UNITED STATES AND ABROAD FROM THE COLONIAL PERIOD TO THE PRESENT. SUBJECT STRENGTHS INCLUDE BIRTH CONTROL AND REPRODUCTIVE RIGHTS, WOMEN'S RIGHTS, SUFFRAGE, THE CONTEMPORARY WOMEN'S MOVEMENT ACROSS RACE, CLASS, AND SEXUAL ORIENTATION, US WOMEN WORKING ABROAD, THE ARTS (ESPECIALLY THEATRE), THE PROFESSIONS (ESPECIALLY JOURNALISM AND Social WORK), AND MIDDLE CLASS FAMILY LIFE IN 19th- AND 20th- CENTURY NEW ENGLAND. HISTORICAL VALUE ONLY. NO REVENUE RECOGNIZED. ORGANIZATION'S MISSION AND VALUES Form 990, Part I, Line 1 and Part III, Line 1 *MISSION* SMITH COLLEGE EDUCATES WOMEN OF PROMISE FOR LIVES OF DISTINCTION. A COLLEGE OF AND FOR THE WORLD, SMITH LINKS THE POWER OF THE LIBERAL ARTS TO EXCELLENCE IN RESEARCH AND SCHOLARSHIP, DEVELOPING LEADERS FOR SOCIETY'S CHALLENGES. *VALUES* SMITH IS A COMMUNITY DEDICATED TO LEARNING, TEACHING, SCHOLARSHIP, DISCOVERY, CREATIVITY AND CRITICAL THOUGHT. SMITH IS COMMITTED TO ACCESS AND DIVERSITY, RECRUITING AND SUPPORTING TALENTED, AMBITIOUS WOMEN OF ALL BACKGROUNDS. SMITH EDUCATES WOMEN TO UNDERSTAND THE COMPLEXITY OF HUMAN HISTORY AND THE VARIETY OF THE WORLD'S CULTURES THROUGH ENGAGEMENT WITH SOCIAL, POLITICAL, AESTHETIC AND SCIENTIFIC ISSUES. SMITH PREPARES WOMEN TO FULFILL THEIR RESPONSIBILITIES TO THE LOCAL, NATIONAL AND GLOBAL COMMUNITIES IN WHICH THEY LIVE AND TO STEWARD THE RESOURCES THAT SUSTAIN THEM. PROGRAM SERVICE ACCOMPLISHMENT #1 FORM 990, PART III, LINE 4A UNDERGRADUATE EDUCATIONAL PROGRAMS SERVING ~2,500 UNDERGRADUATES IN NORTHAMPTON AND 250 STUDYING ELSEWHERE. SMITH COLLEGE OFFERS 1,000 COURSES IN MORE THAN 50 AREAS OF STUDY. EACH YEAR NEARLY HALF OF SMITH COLLEGE JUNIORS STUDY ABROAD. SMITH'S PROGRAMS IN FLORENCE, GENEVA, HAMBURG AND PARIS COMBINE RIGOROUS ACADEMICS WITH THE EXPERIENCE OF LIVING IN ANOTHER COUNTRY AND DISCOVERING A NEW CULTURE. FOR EXTRACURRICULAR ACTIVITIES, THE COLLEGE HAS MORE THAN 100 CHARTERED STUDENT ORGANIZATIONS WITH A RANGE OF SERVICES & ACTIVITIES, 13 VARSITY SPORTS AND EXTENSIVE INTRAMURAL AND CLUB SPORTS PROGRAMS. THE CAMPUS SCHOOL (K TO 6) AND THE CENTER FOR EARLY CHILDHOOD EDUCATION SERVE AS LABORATORIES FOR THE DEPARTMENT OF EDUCATION & CHILD STUDY. PROGRAM SERVICE ACCOMPLISHMENT #2 FORM 990, PART III, LINE 4B THE SCHOOL FOR SOCIAL WORK OFFERS A MASTER OF SOCIAL WORK (M.S.W.) DEGREE WHICH FOCUSES ON CLINICAL SOCIAL WORK AND EMPHASIZES DIRECT FIELD WORK PRACTICE. THE PROGRAM STRESSES THE INTEGRATION OF CLINICAL THEORY & PRACTICE WITH AN UNDERSTANDING OF THE SOCIAL CONTEXTS IN WHICH PEOPLE LIVE. IT ALSO EMPHASIZES AN UNDERSTANDING OF THE SOCIAL POLICIES AND ORGANIZATIONAL STRUCTURE THAT INFLUENCE OUR SERVICE DELIVERY SYSTEM. IN ADDITION, THE SCHOOL OFFERS A PH. D. PROGRAM DESIGNED TO PREPARE MSWS FOR LEADERSHIP POSITIONS IN CLINICAL RESEARCH, EDUCATION, AND PRACTICE. IT ALSO HAS EXTENSIVE POSTGRADUATE OFFERINGS THROUGH ITS CONTINUING EDUCATION PROGRAM. PROGRAM SERVICE ACCOMPLISHMENT #3 FORM 990, PART III, LINE 4C GRADUATE EDUCATIONAL PROGRAMS OFFER WOMEN & MEN GRADUATE WORK LEADING TO THE DEGREES OF MASTER OF ARTS IN TEACHING (ELEMENTARY, MIDDLE OR HIGH SCHOOL), MASTER OF FINE ARTS, MASTER OF EDUCATION OF THE DEAF, MASTER OF SCIENCE IN BIOLOGICAL SCIENCES, AND MASTER OF SCIENCE IN EXERCISE AND SPORT STUDIES. IN SPECIAL ONE-YEAR PROGRAMS, INTERNATIONAL STUDENTS MAY QUALIFY FOR A CERTIFICATE OF GRADUATE STUDIES OR A DIPLOMA IN AMERICAN STUDIES. EACH YEAR ~100 MEN & WOMEN PURSUE SUCH ADVANCED WORK. INDIVIDUALS MAY ALSO ENROLL AS NON-DEGREE STUDENTS BY REGISTERING FOR ONE OR MORE COURSES. MOST GRADUATE COURSES ARE PLANNED FOR GRADUATE STUDENTS WHO ARE DEGREE CANDIDATES. OTHER PROGRAM SERVICE ACCOMPLISHMENT FORM 990, PART III, LINE 4D PROFESSIONAL DEVELOPMENT AND SUMMER PROGRAMS: OUTREACH PROGRAMS EXTEND SMITH COLLEGE'S ACADEMIC AND CULTURAL RESOURCES TO THE BROADER COMMUNITY, BOTH LOCALLY AND NATIONALLY. THE COLLEGE OFFERS PROGRAMS FOR CHILDREN & THEIR FAMILIES, FROM PRE-SCHOOL THROUGH HIGH SCHOOL, AS WELL AS FOR EDUCATORS. SOME PROGRAMS HIGHLIGHT SMITH'S LEADERSHIP IN SCIENCE AND ENGINEERING EDUCATION. OTHERS REFLECT THE COLLEGE'S COMMITMENT TO CREATING OPPORTUNITIES FOR GIRLS AND YOUNG WOMEN. STILL OTHERS UTILIZE ITS WORLD-CLASS MUSEUM AND GARDENS, AS WELL AS OTHER RENOWNED CAMPUS RESOURCES. FACULTY ENGAGE IN SPONSORED AND COLLEGE FUNDED PROFESSIONAL DEVELOPMENT AND RESEARCH. SMITH EXECUTIVE EDUCATION FOR WOMEN: SMITH EXECUTIVE EDUCATION FOR WOMEN IS DESIGNED TO GROW WOMEN LEADERS. PARTICIPANTS IN SMITH'S EXECUTIVE EDUCATION PROGRAM BENEFIT FROM COURSES, SEMINARS & DISCUSSIONS THAT ARE CUSTOM-DESIGNED TO MEET THE NEEDS OF SPONSORING CORPORATIONS AND THE NEEDS OF INDIVIDUAL ATTENDEES. WORLD-CLASS FACULTY FROM MANY OF THE WORLD'S LEADING BUSINESS SCHOOLS AND CORPORATIONS ARE HAND-PICKED EACH YEAR TO TEACH IN SMITH'S EXECUTIVE EDUCATION PROGRAM, BASED ON CLASS MAKE-UP AND IDENTIFIED LEARNING OBJECTIVES. PARTICIPATION IN ANY SMITH EXECUTIVE EDUCATION PROGRAM GIVES PARTICIPANTS THE CHANCE TO NETWORK WITH THEIR PEERS FROM MANY OTHER COMPANIES, TO LEARN ABOUT OTHER INDUSTRIES, AND TO FORGE PROFESSIONAL RELATIONSHIPS AND FRIENDSHIPS WITH OTHER WOMEN PROFESSIONALS. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A SMITH COLLEGE'S DRAFT FORM 990 WAS REVIEWED BY MEMBERS OF THE TRUSTEES OF SMITH COLLEGE, THE ACCOUNTING STAFF, MANAGEMENT, THE BOARD OF TRUSTEES' AUDIT COMMITTEE, AND THE COLLEGE'S PAID TAX PROFESSIONALS. AN ELECTRONIC COPY OF THE FINAL RETURN WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE FIDUCIARIES OF THE COLLEGE AND ARE EXPECTED TO AVOID CONFLICTS AND THE APPEARANCE OF CONFLICTS BETWEEN THEIR PERSONAL INTERESTS, THE INTERESTS OF THE COLLEGE AND EACH OTHER. A) TRUSTEES AND OFFICERS WHO BELIEVE THAT SHE OR HE OR ANY MEMBER OF HER OR HIS FAMILY MAY HAVE A CONFLICT OF INTEREST OR MAY APPEAR TO HAVE A CONFLICT OF INTEREST WITH RESPECT TO ANY PARTICULAR TRANSACTION SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT TO THE PRESIDENT AND THE CHAIR OF THE BOARD OF TRUSTEES WHO SHALL TAKE APPROPRIATE ACTION. B)EACH TRUSTEE AND OFFICER SHALL FILE A FINANCIAL DISCLOSURE STATEMENT DETAILING CORPORATE AND OTHER OWNERSHIP INTERESTS AND BOARD MEMBERSHIPS BY THE TRUSTEE OR OFFICER AND HER OR HIS FAMILY MEMBERS AT LEAST ANNUALLY WITH THE SECRETARY OF THE BOARD. TRUSTEES AND OFFICERS HAVE AN AFFIRMATIVE OBLIGATION TO UPDATE THE FINANCIAL DISCLOSURE STATEMENTS AS THEY BECOME AWARE OF CHANGES IN THEIR FINANCIAL SITUATION. C)GENERAL TREATMENT OF DISCLOSURES: 1)ALL DISCLOSURES SHALL BE MADE KNOWN TO THE MEMBERS OF THE EXECUTIVE COMMITTEE WHICH SHALL DETERMINE WHAT ACTION, IF ANY, TO TAKE AND WHETHER FURTHER DISCLOSURE TO OTHER MEMBERS OF THE BOARD IS REQUIRED. 2) ALL INFORMATION CONCERNING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST SHALL BE MAINTAINED BY THE SECRETARY OF THE COLLEGE AND DISCLOSED ONLY TO THE MEMBERS OF THE EXECUTIVE COMMITTEE AND, IF NECESSARY, MEMBERS OF THE AUDIT COMMITTEE AND CONSULTANTS INVOLVED IN THE COLLEGE'S AUDITING PROCESS. IN ADDITION, MEMBERS OF THE PRESIDENT'S SENIOR ADMINISTRATIVE TEAM WILL RECEIVE INFORMATION ABOUT DISCLOSURES ON A NEED TO KNOW BASIS. 3) THE SECRETARY OF THE BOARD ANNUALLY, AND AT OTHER TIMES ON REQUEST FROM ANY MEMBER OF THE BOARD, SHALL MAKE AVAILABLE TO THE MEMBERS OF THE BOARD COPIES OF THE CONFLICT OF INTEREST POLICY AND FORMS FOR DISCLOSING CONFLICTS. 4)EACH TRUSTEE AND EACH OFFICER SHALL COMPLETE AND FILE ANNUALLY, OR MORE OFTEN AS DETERMINED BY THE EXECUTIVE COMMITTEE, A CONFLICT OF INTEREST DISCLOSURE STATEMENT WITH THE SECRETARY OF THE BOARD OF TRUSTEES. 5) THE TRUSTEE OR OFFICER HAVING SUCH CONFLICT SHALL NOT VOTE AND SHALL NOT PARTICIPATE OR USE ANY PERSONAL INFLUENCE IN THE DISCUSSION OF THE SUBJECT OR MAKE ANY RECOMMENDATIONS REGARDING THE SUBJECT. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DUE DILIGENCE OF EXECUTIVE AND EMPLOYEE COMPENSATION TO ASSURE THAT ALL ASPECTS COMPLY WITH IRS REQUIREMENTS FOR NON-PROFIT COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGE FOR THE PRESIDENT ANNUALLY, CONSIDERING COMPARISON INFORMATION AS WELL AS THE LEVEL OF SALARY INCREASES PROPOSED FOR FACULTY AND ADMINISTRATIVE STAFF. THE COMMITTEE OBTAINS AND RELIES ON THE FOLLOWING WRITTEN MATERIALS, PROVIDED IN ADVANCE OF THE MEETING: (1) HISTORICAL COMPENSATION FOR THE PRESIDENT, (2) YEARS OF SERVICE IN POSITION, AND (3) A MARKET STUDY OF COMPENSATION, BASED ON COMPARABLE DATA FROM 19 SELECTIVE LIBERAL ARTS COLLEGES. AFTER DISCUSSION, THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE AND THE PRESIDENT MEET TO DETERMINE THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES USING THE SAME CRITERIA. IN COMPLIANCE WITH THE REBUTTABLE PRESUMPTION STANDARDS, SMITH COLLEGE CONSIDERS GEOGRAPHIC LOCATION, ADMISSIONS OVERLAP, ENDOWMENT SIZE, AND ITS MARKET FOR EXECUTIVE LEVEL MANAGERS WHEN IDENTIFYING ITS COMPARABLE PEERS. FURTHERMORE, ALL EXECUTIVE COMMITTEE DECISIONS ARE DOCUMENTED CONCURRENTLY IN THE EXECUTIVE COMMITTEE BOARD MINUTES. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE AT WWW.SMITH.EDU. THE COLLEGE'S FORM 990, FORM PC AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AT WWW.MASS.GOV/AGO. THE COLLEGE WILL PROVIDE PAPER COPIES OF THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORMS 990 AND 990-T UPON REQUEST. RECONCILIATION OF NET ASSETS PART XI, LINE 5 LIFE INCOME FUNDS 6,443,836 ROUNDING (627) HIGHEST PAID FUNDRAISERS SCHEDULE G, PART 1 MARTS & LUNDY INC INGEBORG REICHENBACH PLUS DELTA PARTNERS MKS COMMUNICATION ALUMNAE ASSOCIATION OF SMITH COLLEGE 33 ELM STREET NORTHAMPTON MA 01063 042103649 ALUMNAE SERV MA 501(C)(3) 11C NA false SMITH STUDENTS' AID SOCIETY INC 123-125 ELM STREET NORTHAMPTON MA 01063 046052751 STUDENT AID MA 501(C)(3) 11C NA false ASSOCIATED KYOTO PROGRAM 10 Elm Str College Hall 204 Northampton MA 01063 042996114 EDUCATION MA 501(C)(3) 11C NA false CRUT (8) INVESTING CT NA TRUST true PERPETUAL TRUST (1) INVESTING CT NA TRUST true CRUT (3) INVESTING FL NA TRUST true PERPETUAL TRUST (1) INVESTING IN NA TRUST true CRAT (5) INVESTING MA NA TRUST true CRUT (34) INVESTING MA NA TRUST true PERPETUAL TRUST (3) INVESTING MA NA TRUST true PIF (2) INVESTING MA NA TRUST true REMAINDER TRUST (2) INVESTING MA NA TRUST true CRUT (2) INVESTING ME NA TRUST true CRUT (8) INVESTING NY NA TRUST true CRUT (2) INVESTING RI NA TRUST true CRUT (2) INVESTING VT NA TRUST true Perpetual Trust (1) INVESTING VT NA TRUST true true false false false false false false false false false false true true true false true true false false CRUT'S CRAT'S PIF'S PERPETUAL REMAINDER A 396998 PV TRUST