2015-05-12T18:38:37-07:00 2014-06-30 990 2013-07-01 150532200 TRUSTEES OF HAMILTON COLLEGE TRUS 3158594011 198 College Hill Rd Clinton NY 13323 Karen Leach VP, Administration & Finance 3158594313 2015-05-12 2013 2016-02-25 16:41:14Z Karen Leach 198 College Hill Rd Clinton NY 13323 761109362 0 X www.hamilton.edu X 1812 NY See Part III 36 34 2333 1300 1186074 0 21076299 25261612 108535116 113444950 53731945 141026311 211414 62768 183554774 279795641 29938969 32514766 0 0 65418235 68718911 0 0 6315624 59450617 64145282 154807821 165378959 28746953 114416682 1196072804 1382188901 276606811 304142070 919465993 1078046831 A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 1850 students, representing 45 states and 46 countries, and offers 54 areas of study in the liberal arts, science and mathematics. Hamilton also offers pre-professional/cooperative programs in Business, Education, Engineering, Law, and Medicine and the opportunity to study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also hosts athletic programs affiliated with NCAA Division III, and includes competitive varsity teams in 16 different sports, in addition to many club and intramural sports offerings. Approximately 80 student clubs and organizations in a variety of interests and disciplines help to further enrich student development. 0 0 140253977 32458766 112656563 Providing a liberal arts education to approximately 1850 undergraduate students, Hamilton College is committed to its tradition of being a school of opportunity and provides financial aid packages to approximately 50% of its students. The College employs 190 full-time professors, 95% of whom hold the highest obtainable degree in their field. 604207 0 540914 Summer recreation programs that provide opportunities for children and students to participate in team and individual sports and develop character and sportsmanship. 0 0 0 140858184 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 2742 0 1 2333 1 1 1 1 FR CH SP 0 0 0 0 0 0 0 0 X 36 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Hamilton College Business Office 3158594313 198 College Hill Rd Clinton NY 13323 Aron J Ain Trustee 2 X 0 0 0 Henry Bedford Trustee 5 X 0 0 0 Richard Bernstein Trustee 5 X 0 0 0 Harold Bogle Trustee 2 X 0 0 0 Brian T Bristol Trustee 2 X 0 0 0 Julia Crowles Trustee 2 X 0 0 0 Robert Delaney Trustee 5 X 0 0 0 Lauri Levitt Friedland Trustee 2 X 0 0 0 Carol Frisca Trustee 5 X 0 0 0 Amy Goodfriend Trustee 5 X 0 0 0 Philip Hawkins Trustee 2 X 0 0 0 Gregory Hoogkamp Trustee 2 X 0 0 0 Linda Johnson Trustee 5 X 0 0 0 Lea Haber Kuck Trustee 2 X 0 0 0 Jack Levy Trustee 2 X 0 0 0 George Little Trustee 5 X 0 0 0 Amy Merin Trustee 2 X 0 0 0 Robert Morris Trustee 2 X 0 0 0 Montgomery Pooley Trustee 2 X 0 0 0 Ronald Pressman Trustee 5 X 0 0 0 Imad Qasim Trustee 2 X 0 0 0 R Christopher Regan Trustee 2 X 0 0 0 John Rice Trustee 2 X 0 0 0 Nancy Roob Trustee 2 X 0 0 0 Angela Valenziano Ross Trustee 2 X 0 0 0 Alexander Sacerdote Trustee 2 X 0 0 0 Stephen Sadove Trustee 5 X 0 0 0 A Barrett Seaman Trustee 5 X 0 0 0 Jack Selby Trustee 2 X 0 0 0 Susan Skerritt Trustee 5 X 0 0 0 David Solomon Trustee 5 X 0 0 0 Thomas Tull Trustee 2 X 0 0 0 Sarah Weinstein Trustee 2 X 0 0 0 Jack Withiam Trustee 5 X 0 0 0 Jaime Yordan Trustee 5 X 0 0 0 Joan H Stewart President 40 X X 499102 0 143677 Karen L Leach VP Admin & Finance 40 X 287375 0 45448 Lori Dennison Secretary & Executive Director 40 X 149585 0 60615 Monica Inzer VP Admissions 40 X 228933 0 22480 Patrick Reynolds VP Academic Affairs & Dean of Faculty 40 X 215129 0 67235 David L Smallen VP Library & Information Technology 40 X 228757 0 31625 Richard C Tantillo VP Communications & Development 40 X 250107 0 127504 Nancy Thompson VP and Dean of Students 40 X 151375 0 51068 Peter Tonetti Chief Investment Officer 40 X 396343 0 28868 Edward Walker Professor Government 40 X 182219 0 18055 Hong Gang Jin Professor Chinese Studies 40 X 180589 0 24591 Frank Anechiarico Professor Government 40 X 178432 0 25910 Peter Rabinowitz Professor Comparative Literature 40 X 171557 0 25991 Stuart Hirshfield Professor Computer Science 40 X 170124 0 32902 Meredith Harper Bonham Senior Assoc. Dean of Students for Strategic Initiatives 40 X 125324 0 13135 3414951 0 719104 132 1 1 0 Charles A Gaetano Construction Co 258 Genessee St Utica NY 13502 General Contractor 12166456 Machado & Silvetti Associates 560 Harrison Ave Boston MA 02118 Architects 734724 Lupini Construction 11 Mill St New York Mills NY 13417 General Contractor 534241 Bank of New York Mellon One Wall St New York NY 10286 Investment Management 504283 Wellington Small Cap 280 Congress St Boston MA 02210 Investment Managment 418709 28 0 0 0 0 1869315 23392297 3366776 25261612 Tuition and fees 611310 90345725 90345725 0 0 Room and board 611310 21120104 21120104 0 0 Auxiliary operations 611310 1182136 1182136 0 0 796985 796985 0 0 113444950 16373514 0 126958 16246556 7798 0 0 7798 0 0 0 0 379157 0 316389 0 62768 0 62768 62768 0 0 605221829 420502 480266589 730743 124955240 -310241 124644999 -310241 1059116 123896124 0 0 279795641 113197477 1186074 140150478 56000 56000 29941881 29941881 2516885 2516885 2688220 385729 2001231 301260 0 49127612 42700437 3572917 2854258 4241333 3671439 327311 242583 8788145 7476362 783175 528608 3873601 3239722 399313 234566 269641 269641 201245 201245 793 793 3333121 3333121 2794167 1262553 1095972 435642 322153 305449 16704 8989342 7863434 625451 500457 1229325 1059690 169635 4868388 4734507 75460 58421 4701877 4104118 320316 277443 163128 137341 12264 13523 11598276 11598276 14573361 11854735 2609025 109601 1015769 12920 1002849 Food service cost 5489719 5172041 0 317678 Restricted program expenses 3165010 2445002 524008 196000 Membership dues 232119 136715 95404 0 Small equipment & software 182948 182948 0 0 1014900 0 769316 245584 165378959 140858184 18205151 6315624 38539604 48043435 16885169 15024796 2179850 1209187 2848 0 0 0 2609797 2493553 605420 565149 2065662 1695760 440027885 178888892 241599703 261138993 622693858 782158644 262158122 258164069 2118724 7185700 0 4614047 4509615 1196072804 1382188901 8827723 13622488 0 0 0 0 129819012 150399534 0 0 0 0 1388512 1274514 100386633 100412898 36184931 38432636 276606811 304142070 X 210519746 230614551 482457197 609597497 226489050 237834783 919465993 1078046831 1196072804 1382188901 X 114416682 47057613 0 0 0 -2893457 X 0 1 X 1 1 1 X 27477205 56817797 24047597 21076299 25261612 154680510 0 0 0 0 0 0 0 0 0 0 0 0 27477205 56817797 24047597 21076299 25261612 154680510 12285406 142395104 5079255 2176679 8532349 9021636 16373514 41183433 0 195863943 0.72701 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 793 793 0 Schedule C, Part II-B, Line 1 The College pays membership dues to the National Association of Independent Colleges and Universities. Approximately 7% of our annual dues is attributed to lobbying activities. 255100 4416474 0 0 X X X X Teaching 0 710428368 10304616 173354591 13030610 17894359 4323532 858839074 635234676 2848737 106442204 12701429 17447238 3948582 710428368 657528914 27717880 -17750010 11688666 17006382 3567060 635234676 552767728 14616004 120443644 10775828 16499678 3022956 657528914 488817388 5500861 87676586 10558158 16284154 2384795 552767728 0.16 0.22 0.62 1 0 0 21655889 21655889 0 304655921 131826185 172829736 0 0 0 0 0 65621706 46802026 18819680 0 48094369 260681 47833688 261138993 Faculty mortgages 1569469 F Beneficial interest trusts 7586817 F Insurance 21862000 F Real Estate 32579987 F Energy 69767171 F Hedge Funds 38282258 F Private Equity 86516367 F 258164069 Annuity payable 20170848 Liability under securities lending lending transactions 4500198 Deposit and advances 5422760 Post retirement benefit obligation 3422040 Funds held in trust for others 1760855 Asset retirement obligation 1643711 Refundable government student loans 1512224 38432636 X 320262895 47057613 0 0 -2893457 44164156 276098739 4323532 -626630 3696902 279795641 161682057 0 0 0 626630 626630 161055427 4323532 0 4323532 165378959 Schedule D, Part III, Line 4 While the ultimate purpose of the Museum is to increase the educational scope and opportunity for appreciation of the fine arts by Hamilton's students, it also seeks to enrich campus cultural life in general, as well as contribute to the cultural enrichment of the surrounding community. The collection includes more than 4,000 works of art, with strengths in American prints and works on paper, British art of the 20th century, ancient vases and glass, and Native American and Pre-Columbian art. Schedule D, Part V, Line 4 Endowment funds are used largely for scholarships, professorships and other academic programs of the College including support for the library, research activities, and internship support for students. Schedule D, Part X, Line 2 The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Change in annuity and life income obligations (-3,132,065), FASB 106 adjustment (138,110), non-operating revenue (125,994), foreign mortgage valuation adjustment (-25,496). Schedule D, Part XI, Line 4b Rental expenses (-316,389), loss on disposal of fixed assets (-310,241). Schedule D, Part XII, Line 2d Rental expenses (-316,389), loss on disposal of fixed assets (-310,241). 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 College complies with all relevant state and federal laws on non-discrimination. The Senior Associate Dean of Students is responsible for coordinating the College's efforts to comply with Title IX of the Education Amendment of 1972, as well as its procedures for dealing with harassment on the basis of race, color, religion, creed, ethnicity, gender or gender identity, age, sexual and affectional orientation/associations, genetic information or mental/physical disabilities. The Associate Dean of Students for Multicultural Affairs and Accessibility Services oversees compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act for students. Our non-discrimination policy is printed in our admission viewbook and on our application supplement. Anyone interested in applying to the College receives these materials. Schedule E, Part I, Line 6 The College receives federal funding from the SEOG, Pell and federal work study programs for scholarship aid to students. We also receive funding from the NYS Higher Education Opportunity Program and NYS Aid to Private Colleges. 1 Europe (including Iceland and Greenland) 2 2 Program Services The College offers students the opportunity to study abroad in France and Spain to provide a rich cultural and academic experience and develop proficiency in a foreign language. Classes are taught and excursions are provided to give students many opportunities to immerse themselves in the language and culture of the country. 2658549 East Asia and the Pacific 1 2 Program Services The College offers an intensive language and culture program in Beijing to develop students' interests in the Chinese language and cultural and educational opportunities of the area. 864771 South Asia 0 0 Program Services The College belongs to a consortium that provides a study abroad experience in India. 97574 Europe (including Iceland and Greenland) 0 0 Program Services Research activities and conference related travel 73126 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research activities and conference related travel 52468 Sub-Saharan Africa 0 0 Program Services Research activities and conference related travel 13550 East Asia and the Pacific 0 0 Program Services Research activities and conference related travel 9087 Middle East and North Africa 0 0 Speaking at Seminars or Conferences 1703 South America 0 0 Speaking at Seminars or Conferences 782 Central America and the Caribbean 0 0 Investments 173402156 Europe (including Iceland and Greenland) 0 0 Investments 7728006 East Asia and the Pacific 0 0 Grantmaking 649028 Sub-Saharan Africa 0 0 Grantmaking 544877 South Asia 0 0 Grantmaking 366892 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 389470 Europe (including Iceland and Greenland) 0 0 Grantmaking 218948 Russia and the newly independent States 0 0 Grantmaking 115040 Middle East and North Africa 0 0 Grantmaking 97574 Central America and the Caribbean 0 0 Grantmaking 85750 South America 0 0 Grantmaking 49306 3 4 187418657 Grantmaking East Asia and the Pacific 16 649028 Check Grantmaking Sub-Saharan Africa 10 544877 Check Grantmaking North America (including Canada and Mexico, but not the United States) 10 389470 Check Grantmaking South Asia 7 366892 Check Grantmaking Europe (including Iceland and Greenland) 4 218948 Check Grantmaking Russia and the newly independent States 3 115040 Check Grantmaking Middle East and North Africa 2 97574 Check Grantmaking Central America and the Caribbean 2 85750 Check grantmaking South America 1 49306 Check 1 0 1 1 1 0 Schedule F, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide us with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student. Schedule F, Part I, Line 3 All expenses and grants listed in Part I are based upon the accrual method of accounting. 1 Clinton Central School 75 Chenango Ave Clinton NY 13323 156002171 22000 Kirkland Town Library 551/2 College St Clinton NY 13323 150543588 13000 Kirkland Art Center East Park Row Clinton NY 13323 150618473 501(c)(3) 8000 Clinton Fire Department PO Box 134 Clinton NY 13323 300504957 7000 Clinton Central School Foundation 75 Chenango Ave Clinton NY 13323 161413396 501(c)(3) 6000 2 3 College funded scholarships 502 16416626 0 Special scholarships 201 6840114 0 General scholarships 154 4975607 0 Private gifts 29 1013628 0 Prize scholarships 19 560255 0 Federal grants 34 135651 0 Schedule I, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs in the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide us with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Joan H Stewart President 486114 0 0 0 12988 0 88970 0 54707 0 642779 0 0 0 Karen L Leach VP Admin & Finance 270660 0 0 0 16715 0 25500 0 19948 0 332823 0 0 0 Lori Dennison Secretary & Executive Director 147957 0 0 0 1628 0 14982 0 45633 0 210200 0 0 0 Monica Inzer VP Admissions 222898 0 0 0 6035 0 22398 0 82 0 251413 0 0 0 Patrick Reynolds VP Academic Affairs & Dean of Faculty 214185 0 0 0 944 0 21763 0 45472 0 282364 0 0 0 David L Smallen VP IT Services 226056 0 0 0 2701 0 22914 0 8711 0 260382 0 0 0 Richard C Tantillo VP Comm & Develop 245035 0 0 0 5072 0 25374 0 102130 0 377611 0 0 0 Peter Tonetti Chief Investment Officer 392603 0 0 0 3740 0 25500 0 3368 0 425211 0 0 0 Edward Walker Professor Government 179550 0 0 0 2669 0 18055 0 0 0 200274 0 0 0 Hong Gang Jin Professor Chinese Studies 179905 0 0 0 684 0 18079 0 6512 0 205180 0 0 0 Frank Anechiarico Professor Government 177497 0 0 0 935 0 17980 0 7930 0 204342 0 0 0 Peter Rabinowitz Professor Comparative Literature 169690 0 0 0 1867 0 17380 0 8611 0 197548 0 0 0 Stuart Hirshfield Professor Computer Science 169126 0 0 0 998 0 17550 0 15352 0 203026 0 0 0 Meredith Harper Bonham Senior Assoc. Dean of Students for Strategic Initiatives 123754 0 0 0 1570 0 12535 0 600 0 138459 0 0 0 Nancy Thompson VP and Dean of Students 150353 0 0 0 1022 0 15473 0 35595 0 202443 0 0 0 Schedule J, Part I, Line 1a The College requires that the President, the VP for Academic Affairs and the VP for Communications and Development reside on campus as a condition of their employment; therefore, College owned housing is provided for them. In addition, the College pays for reasonable costs of housekeeping to maintain the president's residence. Other services provided to the president include travel for her spouse when it has been determined that his travel fulfills a bona fide business purpose for the College and payment for membership in one club in Manhattan, such as the University Club, for the purpose of meeting with College constituents, sponsoring College events and otherwise conducting College business. Because these benefits are nontaxable, they are not included in the employees' Form W-2. Schedule J, Part I, Line 3 See schedule O disclosure for Form 990, Part VI, Section B, Line 15. A Oneida County Industrial development Agency 090210781 682462LDG 2005-06-09 8781124 Construct electric substation, renovate campus bldgs, refunding of bonds issued 11/2/95 0 0 0 B Oneida County Industrial Development Agency 090210781 682465BZ1 2007-03-20 59690356 Construct 40,000 sq ft addition, renovate other bldgs, refunding of bonds issued 2/11/99 0 0 0 C Dormitory Authority of State of NY 146000293 649905XD3 2010-02-11 13984775 Refunding of bonds issued 2/11/99 0 0 0 D Onieda County Industrial Development Agency 090210781 682465DA4 2008-09-25 54964593 Refunding of bonds issued 6/21/02 0 0 0 A 6785000 0 8781754 0 0 0 175622 70235 0 2521877 6013390 0 2006 1 0 1 1 B 3471318 0 61195296 0 0 0 864959 459000 0 35414916 22951480 0 2009 0 1 1 1 C 2875000 0 13984862 0 0 0 279695 0 0 85792 13619288 0 2001 1 0 1 1 D 7950000 0 54964593 0 0 0 371363 0 2748230 0 51845000 0 2006 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 D 0 0 1 1 1 0 0.0015 0 0.0015 0 0 0 A 0 0 0 1 0 1 Lehman Brothers .24 0 1 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 D 0 Schedule K, Part II, Line 3-06/09/2005 8,781,124 Oneida County Industrial development Agency The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings. Schedule K, Part II, Line 3-03/20/2007 59,690,356 Oneida County Industrial Development Agency The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings. Schedule K, Part II, Line 3-02/11/2010 13,984,775 Dormitory Authority of State of NY The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings. Schedule K, Part IV, Line 2c-06/09/2005 8,781,124 Oneida County Industrial development Agency The College hires a consultant to prepare an Arbitrage Rebate Report annually for each issue. The most recent reports through June 30, 2014 determined that no rebate liability exists. Schedule K, Part IV, Line 2c-03/20/2007 59,690,356 Oneida County Industrial Development Agency The College hires a consultant to prepare an Arbitrage Rebate Report annually. The most recent reports through June 30, 2014 determined that no rebate liability exists. Schedule K, Part IV, Line 2c-02/11/2010 13,984,775 Dormitory Authority of State of NY The College hires a consultant to prepare an Arbitrage Rebate Report annually. The most recent reports through June 30, 2014 determined that no rebate liability exists. Schedule K, Part IV, Line 2c-09/25/2008 54,964,593 Onieda County Industrial Development Agency The College hires a consultant to prepare an Arbitrage Rebate Report annually. The most recent reports through June 30, 2014 determined that no rebate liability exists. Schedule K, Part V-06/09/2005 8,781,124 Oneida County Industrial development Agency The College is working with bond counsel to establish written procedures to insure adherence to all federal requirements and disclosures regarding all bond issues. Schedule K, Part V-03/20/2007 59,690,356 Oneida County Industrial Development Agency The College is working with bond counsel to establish written procedures to insure adherence to all federal requirements and disclosures regarding all bond issues. Schedule K, Part V-02/11/2010 13,984,775 Dormitory Authority of State of NY The College is working with bond counsel to establish written procedures to insure adherence to all federal requirements and disclosures regarding all bond issues. Schedule K, Part V-09/25/2008 54,964,593 Onieda County Industrial Development Agency The College is working with bond counsel to establish written procedures to insure adherence to all federal requirements and disclosures regarding all bond issues. A Oneida County Local Development Corporation 273190422 682440AT9 2013-07-02 23886715 Complete construction of theater /studio arts building, renovate Minor Theater into a dormitory 0 0 0 A 0 0 23894501 0 0 0 268037 0 0 17750183 0 5876281 2015 0 0 0 1 A 0 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 Schedule K, Part II, Line 3-07/02/2013 23,886,715 Oneida County Local Development Corporation The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings. Schedule K, Part IV, Line 2c-07/02/2013 23,886,715 Oneida County Local Development Corporation The College hires a consultant to prepare an Arbitrage Rebate Report annually. The most recent reports through June 30, 2014 determined that no rebate liability exists. Schedule K, Part V-07/02/2013 23,886,715 Oneida County Local Development Corporation The College is working with bond counsel to establish written procedures to insure adherence to all federal requirements and disclosures regarding all bond issues. TIAA-CREF Trustee is COO of TIAA-CREF 8118746 See Part V 0 Schedule L, Part IV TIAA-CREF is the record keeper of the College's retirement plan assets. X 1 255100 Appraisal X 187 3111676 Stock Exchange 1 0 1 1 Schedule M, Part I, Line 32b College policy stipulates that gifts of securities are to be sold upon receipt. Investment firms are used to sell securities received as contributions. Schedule M, Part I, Line 33 The College received support for various events and other miscellaneous non cash gifts totaling $8,635 that were not reported as revenue. Form 990, Part VI, Section B, Line 11b Form 990 was reviewed by the Audit Committee, a six member committee of the Board of Trustees. A copy was made available to all remaining Trustees before filing. Form 990, Part VI, Section B, Line 12c Officers, trustees and key employees are required to complete a questionnaire regarding potential conflicts of interest on an annual basis. The questionnaires are reviewed by the Vice President for Administration and Finance and appropriate actions taken if necessary. The statements are maintained in a file on College premises. Form 990, Part VI, Section B, Line 15 The process for determining compensation for the President and Senior Officers of the College (includes the Vice Presidents of Administration and Finance, IT, Academic Affairs, Admissions & Financial Aid, Communications & Development, Dean of Students, Chief Investment Officer, Chief Diversity Officer and Executive Director of the President's Office) meets the three requirements of the rebuttable presumption provisions under Treas. Reg. 53.4958-6. An annual review of comparability data from a national survey and a survey of 25 comparable schools, as well as a review of the Form 990 of other organizations is used to inform decisions. This information is reviewed by the Executive Compensation Sub-committee of the Board, consisting of the Chair, the Vice Chair, and the Chairs of the Budget and Finance Committee and the Audit Committee, who make a recommendation to the Board for approval. The Committee members are independent of management and free of any conflicts that would impair their judgment. Finally the Executive Compensation Sub-committee adequately and timely documented its decisions regarding compensation. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are posted on our website at www.hamilton.edu. Form 990, Part XI, Line 9 Change in annuity and life income obligations (-3,132,065), FASB 106 adjustment (138,110), non-operating revenue (125,994), foreign mortgage valuation adjustment (-25,496). Pooled Income Funds (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Annuity Trusts (4) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrusts (23) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrust (1) 3125 Country Rd 250 Durango CO 81301 Trust CO N/A T 1 Charitable Remainder Unitrust (1) 41 Woodside Way San Rafael CA 94901 Trust CA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Charitable Remainder Unitrusts (23) s 207892