2015-05-15T10:06:34-05:00 2014-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2013-07-01 042104847 WILLIAMS COLLEGE % SUSAN HOGAN WILL 4135974412 HOPKINS HALL PO BOX 67 Suite WILLIAMSTOWN MA 01267 FREDERICK W PUDDESTER VP FINANCE & ADMIN TREASURER 4135974412 2015-05-09 true GWEN SPENCER P00641463 4135974412 2013 2016-03-07 17:11:31Z ADAM F FALK HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 340765658 false X www.williams.edu X 1793 MA SEE SCHEDULE O 24 23 3474 3782 174078 -680799 47342033 59651639 120117174 125699125 125003447 153647820 1812389 1767074 294275043 340765658 47007769 46847645 0 0 109019518 118650267 0 0 8602286 74942906 79581221 230970193 245079133 63304850 95686525 2623660870 2911046966 467528867 473308719 2156132003 2437738247 X SEE SCHEDULE O false false 208988961 46847645 125699125 SEE SCHEDULE O 208988961 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 true true false true true false false true true true true false false true 3484 0 true 3474 true true true true UK false false false false false false false false false false false X 24 23 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 GREGORY M AVIS TRUSTEE, CHAIR 6.0 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 4.0 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 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 0.0 X 0 0 0 LAURIE J THOMSEN 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 496678 0 105789 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 40.0 0.0 X 945622 0 359435 KELI A GAIL SECRETARY OF THE COLLEGE 40.0 0.0 X 141470 0 35364 STEPHEN P KLASS VP FOR CAMPUS LIFE 40.0 0.0 X 299082 0 47751 JAMES KOLESAR Vice President for Public Affa 40.0 0.0 X 155855 0 37552 JOHN MALCOLM VP FOR COLLEGE RELATIONS 40.0 0.0 X 244144 0 35536 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 40.0 0.0 X 371968 0 50915 MICHAEL E REED VP FOR STRATEGIC PLANNING 40.0 0.0 X 239998 0 48982 SARAH BOLTON DEAN OF COLL/PROF OF PHYSICS 40.0 0.0 X 213189 0 44500 WILLIAM DUDLEY PROVOST, PROF OF PHILOSOPHY 40.0 0.0 X 215488 0 43816 PETER MURPHY DEAN OF FACULTY/PROF ENGLISH 40.0 0.0 X 212735 0 44500 JULIA CROSBY Managing Director, INV OFFICE 40.0 X 281260 0 68254 JAY PASACHOFF PROF OF ASTRONOMY 40.0 X 202028 0 41308 LOUIS SOUSA Managing Director, INV OFFICE 40.0 X 411415 0 127751 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 40.0 0.0 X 480266 0 153040 ABIGAIL WATTLEY Director, INV OFFICE 40.0 0.0 X 194150 0 47209 WILLIAM J LENHART PROF COMP SCIENCE/FRMR OFFICER 40.0 0.0 X 177707 0 40270 WILLIAM G WAGNER PROF HISTORY/FRMR KEY EMP&OFFR 40.0 0.0 X 191742 0 44659 5474797 0 1376631 215 true true false Consigli Construction Co Inc 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 25422991 Whiting-Turner Contracting Company 1 Pine West Plz ALBANY NY 12205 CONSTRUCTION 7578701 Gigliotti Electric Inc 52 Hutchinson Ln Cheshire MA 01225 Electrical 2496602 MJ Moran Inc 4 South Main St Haydenville MA 01039 CONSTRUCTION 1482845 Engelberth Construction Inc 428 Main Street Keene NH 03431 CONSTRUCTION 1164271 57 1532535 58119104 16669054 59651639 Tuition, Fees, Room and Board 900099 120753685 120753685 Auxiliary Revenue 721110 4397221 4397221 Other Program Revenue 900099 548219 548219 125699125 566586 174078 392508 10047 10047 0 1687019 1687019 0 1687019 1687019 153071187 153071187 153071187 153071187 0 0 0 Miscellaneous Revenue 713940 80055 80055 80055 340765658 121301904 174078 159638037 474664 474664 46219716 46219716 153265 153265 0 3150905 861241 1576256 713408 513624 483594 30030 84433312 72383583 8481155 3568574 7430831 5943642 1183845 303344 16986705 13796086 2558598 632021 6134890 4914620 971370 248900 0 514356 2130 512226 235852 6842 229010 0 0 0 15163632 10947772 3326527 889333 160514 79408 77341 3765 7959581 7331595 471255 156731 2851476 2786442 49040 15994 0 6935670 5933435 524387 477848 5384706 4547623 502125 334958 0 188299 153505 20711 14083 9434941 7558269 1493885 382787 0 19971151 15998757 3162140 810254 1082500 348612 719510 14378 Fellowships, Student Prizes 3526501 3518857 7644 Equipment Rental & Maintenance 6172042 4545303 1598475 28264 245079133 208988961 27487886 8602286 9193872 28214237 39158624 40838615 69006984 78110639 748102 1213519 328152 309344 0 0 18409052 16365346 281137 333635 10414918 10995586 727515994 284834871 395262731 442681123 558057852 210333014 1443491734 2063839587 0 0 0 0 79307712 17812321 2623660870 2911046966 50627500 61670595 0 0 2989269 3533228 357129298 348481311 53476847 56283673 0 0 0 0 0 0 3305953 3339912 467528867 473308719 X 306460404 327599175 1295321733 1521009128 554349866 589129944 2156132003 2437738247 2623660870 2911046966 X 95686525 190552297 -4632578 X false true X true true true X 30854258 51244721 52694308 47342033 59651639 241786959 0 0 30854258 51244721 52694308 47342033 59651639 241786959 23442838 218344121 13380685 5737651 6018435 4727253 2089574 31953598 0 0 273740557 575003351 0.79763 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 27728 27728 false 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 2000956 0 2112075 true true 106171 37377168 X X X X false false true X 1889182032 27395128 332991623 20156756 77580817 5578285 2146252925 1716033537 14903994 255857256 18726874 74186377 4699504 1889182032 1742016968 17712878 53538731 14592522 77222791 5419727 1716033537 1456675029 24762586 292928636 13178824 14107392 5063067 1742016968 1356383537 7662899 158826639 11848782 49030707 5318557 1456675029 0.10000 0.23760 0.66240 false false 1238114 11889735 13127849 4269799 545867433 230359255 319777977 75006861 39907683 35099178 89244052 14567933 74676119 442681123 GLOBAL EQUITY FUNDS 835147574 F ABSOLUTE RETURN FUNDS 338858474 F VENTURE CAPITAL FUNDS 194657810 F BUYOUT FUNDS 207577249 F REAL ASSET FUNDS 104077685 F REAL ESTATE FUNDS 102862341 F FIXED INCOME FUNDS 247402507 F OTHER INVESTMENT ASSETS 33255947 F 2063839587 0 US GOV'T ADVANCES FOR STUDENTS 3339912 3339912 480312396 190552297 -51005559 139546738 340765658 340765658 198706152 198706152 46372981 46372981 245079133 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 VII CERTAIN INVESTMENTS HAVE BEEN RECLASSIFIED THIS YEAR TO BE REPORTED CONSISTENTLY WITH THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 2D ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $ (5,341,900) LOSS ON DISPOSITION OF FIXED ASSETS $ (1,486,550) GAIN ON FINANCIAL CONTRACTS $ 293,250 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,902,622 FINANCIAL AID $(46,372,981) ____________ TOTAL $(51,005,559) FORM 990, SCHEDULE D, PART XIII, LINE 4B FINANCIAL AID $ 46,372,981 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 Program Services Study Abroad 84041 North America Program Services Books/Materials 1394 Europe (Including Iceland and Greenland) 1 1 Program Services Study Abroad 1657455 South America Program Services Study Abroad 1670 Central America and the Caribbean Investments 846257375 Europe (Including Iceland and Greenland) Investments 17894394 Sub-Saharan Africa Investments 5337468 Sub-Saharan Africa Program Services STUDY ABROAD 130097 Russia and the Newly Independent States Program Services STUDY ABROAD 34093 Central America and the Caribbean Program Services STUDY ABROAD 68766 East Asia and the Pacific Program Services STUDY ABROAD 46631 Middle East and North Africa Program Services STUDY ABROAD 90008 North America Program Services STUDY ABROAD 25608 1 1 1 1 871629000 871629000 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Europe (Including Iceland and Greenland) 6 15170 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Sub-Saharan Africa 20 60305 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Central America and the Caribbean 12 27346 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS East Asia and the Pacific 1 500 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS South America 1 500 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS South America 1 360 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Russia and the Newly Independent States 7 13878 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS Middle East and North Africa 13 35206 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 Northern Berkshire United Way PO Box 955 North Adams MA 01247 042104785 501(C)(3) 5805 Program Support Village Ambulance Service Inc 30 Water Street Williamstown MA 01267 042756911 501(C)(3) 21000 MEDICAL SERVICES Williamstown Community Chest PO Box 204 Williamstown MA 01267 046044550 501(C)(3) 29288 Charitable Contribution Williamstown Youth Center 66 School Street Williamstown MA 01267 042105836 501(C)(3) 50000 Program Support Williamstown Fire District 34 Water Street Williamstown MA 01267 115 26510 Charitable Contribution MOUNT GREYLOCK REGIONAL HIGH SCHOOL 1781 COLD SPRING RD WILLIAMSTOWN MA 01267 046006483 115 194801 COMMUNITY SUPPORT MYSTIC SEAPORT 75 GREENMANVILLE AVE MYSTIC CT 06355 060653120 501(C)(3) 27500 PROGRAM SUPPORT IMAGES CINEMA 50 SPRING STREET WILLIAMSTOWN MA 01267 043407257 501(C)(3) 22500 FILM EXHIBITION 9 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1077 46219716 FORM 990, SCHEDULE I, PART I, LINE 2 Financial Aid is Awarded by Financial Aid professionals in accordance with College policies. Grants to organizations in Part II are to support local service organizations in the surrounding communities. FORM 990, SCHEDULE I, PART III CASH GRANTS ARE CREDITS TO STUDENT ACCOUNTS. X X X X true true X X X X false true false false false false false true false ADAM FALK PRESIDENT 436556 0 0 0 60122 0 28843 0 76946 0 602467 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER 412077 0 516045 0 17500 0 299468 0 59967 0 1305057 0 228272 0 KELI A GAIL SECRETARY OF THE COLLEGE 139795 0 0 0 1675 0 15625 0 19739 0 176834 0 0 0 STEPHEN P KLASS VP FOR CAMPUS LIFE 297576 0 0 0 1506 0 28843 0 18908 0 346833 0 0 0 JAMES KOLESAR Vice President for Public Affa 155785 0 0 0 70 0 17573 0 19979 0 193407 0 0 0 JOHN MALCOLM VP FOR COLLEGE RELATIONS 243959 0 0 0 185 0 27745 0 7791 0 279680 0 0 0 FREDERICK PUDDESTER VP FOR FINANCE & ADMIN & TREAS 354368 0 0 0 17600 0 28843 0 22072 0 422883 0 0 0 MICHAEL E REED VP FOR STRATEGIC PLANNING 231248 0 0 0 8750 0 27874 0 21108 0 288980 0 0 0 WILLIAM J LENHART PROF COMP SCIENCE/FRMR OFFICER 177482 0 0 0 225 0 20189 0 20081 0 217977 0 0 0 WILLIAM G WAGNER PROF HISTORY/FRMR KEY EMP&OFFR 191742 0 0 0 0 0 22187 0 22472 0 236401 0 0 0 SARAH BOLTON DEAN OF COLL/PROF OF PHYSICS 212235 0 0 0 954 0 24419 0 20081 0 257689 0 0 0 WILLIAM DUDLEY PROVOST, PROF OF PHILOSOPHY 213419 0 0 0 2069 0 24419 0 19397 0 259304 0 0 0 PETER MURPHY DEAN OF FACULTY/PROF ENGLISH 212735 0 0 0 0 0 24419 0 20081 0 257235 0 0 0 JULIA CROSBY Managing Director, INV OFFICE 225060 0 55500 0 700 0 49346 0 18908 0 349514 0 0 0 JAY PASACHOFF PROF OF ASTRONOMY 202028 0 0 0 0 0 18749 0 22559 0 243336 0 0 0 LOUIS SOUSA Managing Director, INV OFFICE 305895 0 104820 0 700 0 106343 0 21408 0 539166 0 0 0 BRADFORD B WAKEMAN Managing Dir/COO, INV OFFICE 284981 0 194475 0 810 0 130468 0 22572 0 633306 0 86291 0 ABIGAIL WATTLEY Director, INV OFFICE 133109 0 61041 0 0 0 47209 0 0 0 241359 0 0 0 BENEFITS FORM 990, SCHEDULE J, PART I, LINE 1A Travel for companions: Expenses for companion travel were incurred by the President. Williams allows companion travel only on occasions where there is a specific business purpose. Payments for travel expenses for any College employees spouse/partner, (or dependent or guest) that do not meet these criteria will constitute taxable income to the employee. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THROUGH MID-DECEMBER 2013, PRESIDENT FALK WAS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF WILLIAMS. WILLIAMS PROVIDES HOUSING FOR EMPLOYEES WHEN THERE IS A REQUIREMENT TO LIVE IN COLLEGE HOUSING. WILLIAMS HAS INCLUDED AS NONTAXABLE COMPENSATION IN PART II, COLUMN (D) THE ESTIMATED RENTAL VALUE OF THE PRIVATE AREAS OF THE RESIDENCE THROUGH MID-DECEMBER 2013. AS OF MID-DECEMBER 2013, THE PRESIDENT'S CONTRACT NO LONGER REQUIRES HIM TO LIVE ON CAMPUS. AS OF MID-DECEMBER 2013, 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. PERSONAL SERVICES: PRESIDENT FALK RECEIVED CERTAIN PERSONAL SERVICES PROVIDED AT HIS HOUSE. SUCH SERVICES THAT WERE NOT BUSINESS RELATED WERE REPORTED AS TAXABLE COMPENSATION. FORM 990, SCHEDULE J, PART I, LINE 4B THE COLLEGE ESTABLISHED A DEFERRED COMPENSATION PLAN FOR ITS CHIEF INVESTMENT OFFICER (CIO), COLLETTE CHILTON. THE TERMS OF THE PLAN PROVIDE FOR THE COLLEGE TO MAKE ANNUAL SET-ASIDES AND A LUMP SUM PAYOUT AT THE TERMINATION OF THE PLAN PROVIDED MS. CHILTON REMAINS CIO UNTIL THAT DATE. 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 6023862 34200000 76536465 0 0 0 518260 0 0 66333146 9685059 0 2008 false true true true B 5433407 0 92077256 0 0 0 661056 0 0 50166200 41250000 0 2013 true false true true C 8144159 11065000 73396573 0 0 0 556293 0 0 0 72840280 0 2006 true false true true D 91264757 0 115049757 0 0 0 644884 0 0 100699405 13705468 0 2005 false true true true A false false false false 0 0.01684 0.01684 false false false true B false false false false 0 0.01037 0.01037 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 MARCH OF 2010. 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 802974 0 148355419 0 0 45265000 840287 0 0 49189468 35248343 17812321 true true false true A false false false false 0 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 63784 false true true Keli Gail Officer Mortgage on Primary X 70000 26774 false true true Stephen Klass Officer Mortgage on Primary X 100000 77582 false true true William Lenhart Former Officer Mortgage on Primary X 56563 7202 false true true John Malcolm Officer Mortgage on Primary X 40000 36763 false true true Frederick Puddester Officer Mortgage on Primary X 100000 97239 false true true 309344 STEPHANIE BOYD SPOUSE OF FORMER OFFICER 30030 WILLIAMS COLLEGE EMPLOYEE false ADAM FALK OFFICER/TRUSTEE 543344 PURCHASE OF REAL ESTATE false Form 990, Schedule L, Part IV, Line (2) TO FACILITATE PRESIDENT FALK'S MOVE TO WILLIAMSTOWN, WILLIAMS COLLEGE PURCHASED THE PRESIDENT'S FORMER HOME IN MARYLAND. WILLIAMS COLLEGE PAID FAIR MARKET VALUE FOR THE PROPERTY ESTABLISHED THROUGH THE USE OF AN INDEPENDENT APPRAISAL. X 1 106171 APPRAISALS X 336 8881766 FMV X 1 7000000 FMV X 1 681117 FMV 5 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, LINES 1 AND 4A WILLIAMS COLLEGE (THE "COLLEGE" OR "WILLIAMS") IS A PRIVATE, NON-PROFIT, NON-SECTARIAN INSTITUTION OF HIGHER EDUCATION COMMITTED TO THE LIBERAL ARTS EDUCATION OF YOUNG MEN AND WOMEN. IT IS LOCATED IN WILLIAMSTOWN, MASSACHUSETTS, ON A CAMPUS OF APPROXIMATELY 450 ACRES. THE COLLEGE WAS FOUNDED IN 1793 AS A COLLEGE "FOR THE PURPOSE OF EDUCATING YOUTH." THE COLLEGE BECAME CO-EDUCATIONAL IN 1971. TODAY, 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 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 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 FILE 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 FILE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. DISCLOSURES ARE REVIEWED BY DEPARTMENT HEADS AND SENIOR STAFF. 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 THEY COLLECT. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 WILLIAMS COLLEGE ASSIGNS THE DUTY OF SETTING EXECUTIVE COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SELECTS A SUBSET OF THE COMMITTEE TO SERVE AS AN INDEPENDENT COMPENSATION COMMITTEE THAT ANNUALLY REVIEWS THE COMPENSATION OF THE PRESIDENT. THIS COMMITTEE CONSIDERS COMPENSATION SURVEYS, MARKET DATA AND ANALYSES. THE COMMITTEE'S DELIBERATIONS ARE NOTED. THE COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT. THE PRESIDENT CONSIDERS COMPENSATION SURVEYS, MARKET DATA AND ANALYSES. The President's deliberations and decisions are also documented. PUBLIC INSPECTION FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST, ON THE COLLEGE WEBSITE, AND ON GUIDESTAR.ORG GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 WILLIAMS COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON THE COLLEGE WEBSITE. INVESTMENT EXPENSES FORM 990, PART IX, LINES 5 AND 11F INVESTMENT EXPENSES ARE REPORTED NET WITH INVESTMENT INCOME, IN ACCORDANCE WITH FINANCIAL STATEMENT REPORTING. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $(5,341,900) LOSS ON DISPOSITION OF FIXED ASSETS $(1,486,550) GAIN ON FINANCIAL CONTRACTS $ 293,250 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $ 1,902,622 ___________ TOTAL $(4,632,578) WILLIAMS INN LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 465431139 HOTEL MA 465724 3800000 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 WILLIAMS C CORP 0 0 true SEE PART VII HOLDING UT WILLIAMS C CORP 0 225000 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 2624008 Cash PERPETUAL TRUST C 629004 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), COLUMNS (A) & (C) During fiscal year 14 the College received (AS A GIFT) and liquidated all shares in a corporation. FORM 990, SCHEDULE R, PART IV, LINE (6), COLUMNS (A) The College owns a corporation whose sole asset is a painting WHICH RESIDES at the College's museum.