2015-05-04T10:40:17-05:00 2014-06-30 134008324 PRICEWATERHOUSECOOPERS LLP 125 HIGH STREET BOSTON MA 02110 990 2013-07-01 042103544 BABSON COLLEGE BABS 7812395298 231 FOREST ST BABSON PARK MA 024570310 KATHERINE CRAVEN CHIEF ADMINISTRATIVE OFFICER 7812395698 2015-05-04 1 ERIN COUTURE P01390592 7812395298 2013 2016-04-25 22:37:26Z KERRY HEALEY 231 FOREST STREET BABSON PARK MA 02457 326780121 0 X WWW.BABSON.EDU X 1919 MA BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 2000 UNDERGRADUATE AND 1200 GRADUATE ENROLLMENT. WE EDUCATE MEN AND WOMEN TO BE ENTREPRENEURIAL LEADERS IN A RAPIDLY CHANGING WORLD. THROUGHOUT THEIR CAREERS, WE PREPARE THEM TO IDENTIFY OPPORTUNITIES AND INITIATE ACTIONS THAT RESULT IN GENUINE ACCOMPLISHMENT. OUR INNOVATIVE CURRICULA CHALLENGE STUDENTS TO THINK CREATIVELY AND ACROSS DISCIPLINARY BOUNDARIES. WE CULTIVATE THE WILLINGNESS TO TAKE AND MANAGE RISK, THE ABILITY TO ENERGIZE OTHERS TOWARD A GOAL, AND THE COURAGE TO ACT RESPONSIBLY. OUR STUDENTS UNDERSTAND THAT LEADERSHIP REQUIRES BOTH TECHNICAL KNOWLEDGE AND A SOPHISTICATED APPRECIATION OF INSTITUTIONS, SOCIETIES, CULTURES, AND THE SELF. THEY WELCOME THE CHALLENGE OF LEARNING CONTINUOUSLY AND TAKING RESPONSIBILITY FOR THEIR CAREERS. OUR STUDENTS WILL BE KEY CONTRIBUTORS IN ESTABLISHED ENTERPRISES AS WELL AS EMERGING VENTURES. 38 31 2247 2501 894678 111208 11275700 20810199 188299609 196225857 8284641 9429009 2515153 2632752 210375103 229097817 32996104 36030117 0 0 95661791 102354314 0 0 4174955 70147921 75466065 198805816 213850496 11569287 15247321 497548639 576615266 151965895 185067181 345582744 391548085 BABSON COLLEGE EDUCATES MEN AND WOMEN TO BE ENTREPRENEURIAL LEADERS IN A RAPIDLY CHANGING WORLD. WE PREPARE THEM, IDENTIFY OPPORTUNITIES AND INITIATE ACTIONS THAT RESULT IN GENUINE ACCOMPLISHMENT. 0 0 184413668 36030117 196217881 BABSON COLLEGE ENROLLS APPROXIMATELY 2,100 UNDERGRADUATE AND 1,200 GRADUATE STUDENTS FROM THE UNITED STATES AND MORE THAN 72 COUNTRIES WORLDWIDE. THE COLLEGE OFFERS EDUCATION IN BUSINESS AND LIBERAL ARTS, AND IT GRANTS THE BACHELOR OF SCIENCE DEGREE THROUGH ITS UNDERGRADUATE PROGRAM. THE COLLEGE ALSO GRANTS MASTER OF BUSINESS ADMINISTRATION DEGREES AND CUSTOM MASTER OF SCIENCE DEGREES THROUGH THE F.W.OLIN GRADUATE SCHOOL OF BUSINESS AT BABSON COLLEGE. ADDITIONALLY, BABSON OFFERS DISTINCT EXECUTIVE EDUCATION PROGRAMS TO HELP COMPANIES REACH THEIR STRATEGIC GOALS. 184413668 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 1 400 0 1 2247 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MA CA X X X RICHARD BOWMAN 7812395298 NICHOLS BUILDINGBABSON COLLEGE BABSON PARK MA 024570301 X MICHAEL J ANGELAKIS TRUSTEE 1.20 X 0 0 0 THE HONOR CRAIG BENSON VICE CHAIR,BOARD OF TRUSTE 1.20 X X 0 0 0 ETTORE V BIAGIONI TRUSTEE (STARTING 10/13) 1.20 X 0 0 0 MARLA M CAPOZZI TRUSTEE 1.20 1.20 X 4000 0 0 PAUL W CHISHOLM TRUSTEE 1.20 X 0 0 0 THEODORE A CLARK TREASURER 1.20 X X 0 0 0 ANN-MARIE SWEENEY COPLAND TRUSTEE 1.20 X 0 0 0 TIMOTHY A DEMELLO TRUSTEE 1.20 X 0 0 0 DEBORAH DESANTIS TRUSTEE 1.20 X 0 0 0 GARY T DICAMILLO TRUSTEE 1.20 X 6779 0 0 CRAIG M DONALDSON TRUSTEE (STARTING 10/13) 1.20 X 0 0 0 FRANK M FISCHER TRUSTEE 1.20 X 0 0 0 MARCO A GARGUREVICH TRUSTEE (UNTIL 10/13) 1.20 X 0 0 0 THOMAS F GILBANE JR TRUSTEE 1.20 X 0 0 0 LEONARD GREEN TRUSTEE (STARTING 10/13) 1.20 X 0 0 0 MUHAMMAD H HABIB TRUSTEE 1.20 X 0 0 0 DR KERRY HEALEY TRUSTEE/PRESIDENT (STARTING 7/1/13) 40.00 20.00 X X 413109 0 52889 BRUCE T HERRING VICE CHAIR,BOARD OF TRUSTE 1.20 X X 0 0 0 ERIC G JOHNSON TRUSTEE 1.20 X 0 0 0 FRED SC KIANG TRUSTEE 1.20 X 0 0 0 CARLETON F KILMER TRUSTEE 1.20 X 0 0 0 CARMELLA KLETJIAN TRUSTEE 1.20 X 0 0 0 DAVID F LAMERE TRUSTEE 1.20 X 0 0 0 LOUIS J LAVIGNE JR TRUSTEE 1.20 1.20 X 0 0 0 MICHAEL S LORBER TRUSTEE (STARTING 10/13) 1.20 X 0 0 0 DAVID LUCCHINO TRUSTEE (STARTING 10/13) 1.20 X 0 0 0 WARREN KKLUKE TRUSTEE 1.20 X 0 0 0 ANDRONICO LUKSIC TRUSTEE 1.20 X 0 0 0 CARLOS MATTOS TRUSTEE 1.20 X 0 0 0 DR RICHARD K MILLER TRUSTEE 1.20 X 0 0 0 GORDON PRICHETT TRUSTEE 1.20 X 16250 0 0 RICHARD A RENWICK TRUSTEE 1.20 X 0 0 0 KENNETH G ROMANZI TRUSTEE 1.20 X 0 0 0 THOMAS T STALLKAMP TRUSTEE 1.20 1.20 X 0 0 0 AMANDA STRONG TRUSTEE (STARTING 10/13) 1.20 X 0 0 0 MARTHA D VORLICEK TRUSTEE 1.20 X 0 0 0 ROBERT E WEISSMAN TRUSTEE 1.20 X 0 0 0 JOSEPH WINN TRUSTEE/CHAIR,BOARD OF TRUSTEES 1.20 1.20 X X 0 0 0 GARY ZWERLING TRUSTEE 1.20 X 0 0 0 DENNIS HANNO PROVOST 40.00 X 374560 0 56896 RANCH KIMBALL COO(STARTING 7/22/13) 40.00 X 184301 0 3869 KATHERINE CRAVEN CAO(STARTING 2/14) 40.00 X 0 0 0 MARY ROSE V.P. FOR CAMPUS & COMMUNITY AFFAIRS 40.00 X 212710 0 46265 DIANA ZAIS V.P. FOR DEVELOPMENT 40.00 X 199441 0 50407 CAROL HACKER V.P.OF ALUMNI&FRIENDS NETW 40.00 X 184949 0 34510 PHILIP SHAPIRO V.P. FOR FINANCE (UNTIL 2/14) 40.00 X 309663 0 57322 DONNA BONAPARTE V.P. FOR HR 40.00 X 217352 0 32640 GRANT GOSSELIN V.P. FOR ENROLLMENT/DEAN OF ADMISSION 40.00 X 173222 0 46857 JONATHAN MOLL V.P. AND GENERAL COUNSEL 40.00 20.00 X 245531 0 54630 SAMUEL DUNN V.P. FOR FACILITIES MGT/CIO 40.00 X 387848 0 36844 TRACEE PETRILLO CLERK (UNTIL 10/13) 40.00 20.00 X 141701 0 23250 JANE EDMONDS VP FOR GOV/CLERK (STARTING 10/13) 40.00 20.00 X 46974 0 299 ELAINE EISENMAN DEAN OF BABSON EXE. EDU. 40.00 X 349041 0 43866 JAY A RAO FACULTY 40.00 X 487107 0 47685 PAUL MULLIGAN FACULTY 40.00 X 353979 0 37046 PATRICIA GUINAN FACULTY 40.00 X 372681 0 39867 MICHAEL FETTERS FACULTY 40.00 X 326351 0 23011 JEAN PIERRE JEANNET FACULTY 40.00 X 318627 0 13545 SHAHID ANSARI FORMER PROVOST 0.00 40.00 X 333659 0 28635 DR LEONARD A SCHLESINGER FORMER PRESIDENT 40.00 20.00 X 419545 0 64642 6079380 0 794975 240 1 1 0 CONNELLY PARTNERS LLC 46 WALTHAM STREET BOSTON MA 02118 ADVERTISING 2723999 SASAKI ASSOCIATES INC 64 PLEASANT STRRET WATERTOWN MA 02472 CONSULTING/DESIGN 1173738 CANON BUSINESS SOLUTIONS INC 15004 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 PRINTING 776794 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 232282206 STUDENT RECRUITING 750380 BIGELOW & FLEMING LLC 14 NORFOLK AVENUE SOUTH EASTON MA 02375 CONSTRUCTION 665718 92 63300 681451 20065448 2078890 20810199 TUITION & FEES 900099 148037608 148037608 ROOM & BOARD 900099 23973265 23973265 ED/NON-ED PROG. REV. 900099 23831416 23831416 OTHER ED PROG/AUX.ACT. 721000 383568 383568 196225857 2224668 274547 1950121 2613801 0 2613801 2613801 2613801 104857336 97652995 7204341 7204341 236563 6967778 41650 63300 14723 26927 26927 6610 14586 -7976 -7976 229097817 195834313 894678 11558627 331978 331978 35698139 35698139 5378710 1003404 3751204 624102 915223 801503 113720 75416856 65670656 7701264 2044936 5629986 4902417 574911 152658 9889137 8610655 1010353 268129 5124402 4462170 523283 138949 445782 445782 318051 318051 5046102 4379292 631917 34893 6175064 4721553 1260639 192872 8841147 8200935 583065 57147 5768216 5665728 78242 24246 6504166 4843199 1490052 170915 2090829 1998525 76527 15777 4708506 4708506 9993655 9836923 114633 42099 FOOD & BEVERAGE SERVICE 8013845 8013810 35 OTHER EXPENSES 7247632 2535435 4709382 2815 PROFESSIONAL CONSULTING 5396968 4164570 826981 405417 ROOM, CONF. & ADMIN. 3034193 3034193 1881909 830077 1051832 213850496 184413668 25261873 4174955 48017531 35254049 30535030 29538449 6261134 7208119 3680528 4358677 4519602 4998129 348017563 210789777 126374507 137227786 183655051 240981843 91864917 89032792 2640339 28015422 497548639 576615266 16278152 20080864 10825227 11812730 68051227 99405761 39198663 36395000 17612626 17372826 151965895 185067181 X 144344420 163609705 101901919 116416261 99336405 111522119 345582744 391548085 497548639 576615266 X 15247321 30719557 -1537 X X 0 1 X 1 1 1 X 8711950 23762424 22033031 11275700 20810199 86593304 8711950 23762424 22033031 11275700 20810199 86593304 13490037 73103267 3153483 3301836 4798963 6347086 4838469 22439837 58349 111208 169557 60538 62305 50750 66345 48260 288198 109490896 894084027 0.66770 X SCHEDULE A, PART II, LINE 10 LINE 10 INCLUDES INCOME FROM FUNDRAISING AND GAMING ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1 1 0 PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. X X X 0 275519968 26558248 39608164 -2223083 -7448662 332014635 239482137 11995372 33419630 -2173736 -7213435 275519968 243252672 8301653 -2366163 -2152163 -7543862 239492137 197005749 18192624 37390554 -1953530 -7382725 243252672 171024282 13840252 20723572 -1907729 -6674628 197005749 0.44000 0.30000 0.26000 0 0 489673 489673 260159308 159346346 100812962 38678543 33208831 5469712 48690039 18234600 30455439 137227786 ALTERNATIVE INVESTMENTS 89032792 F 89032792 GOVERNMENT ADVANCES FOR STUDENT LOAN 3154360 MARKET VALUE OF INTEREST RATE SWAP CONTRACTS 14218466 17372826 231409539 30316164 -28004442 2311722 229097817 0 229097817 184028521 0 184028521 29821975 29821975 213850496 PART III, LINE 1A: WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS AND ARTIFACTS, WHICH ARE PESERVED AND PROTECTED FOR EDUCATIONAL, RESEARCH AND PUBLIC EXHIBITION PURPOSES, ARE NOT CAPITALIZED. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTION ITEMS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES. PART V, LINE 4: BABSON COLLEGE'S ENDOWMENT CONSISTS OF OVER 250 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS AND OTHER EDUCATIONAL SERVICES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -$35,698,139 CHANGE IN VALUE OF SWAP AGREEMENTS & ANNUITY $403,392. BABSON GLOBAL ADJUSTMENT $7,290,305 PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID $35,698,139 BABSON GLOBAL ELIMINATION -$5,876,164 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BABSON COLLEGE PROHIBITS DISCRIMINATING ON THE BASIS OF RACE, COLOR, NATIONAL, OR ETHNIC ORIGIN, RELIGION, SEX, LIFESTYLE, SEXUAL ORIENTATION PREFERENCE, AGE, HANDICAP, OR VETERAN STATUS.THIS POLICY IS PUBLISHED IN FACULTY & STAFF HANDBOOK. SCHEDULE E, PART I, LINE 6 BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS. EAST ASIA AND THE PACIFIC 0 12 PROGRAM SERVICESFUNDRAISING/ALUMNI RELATIONS EXECUTIVE EDUCATION 399364 EUROPE 0 36 PROGRAM SERVICESPROGRAM SERVICES EXECUTIVE EDUCATION 771499 MIDDLE EAST AND NORTH AFRICA 0 5 PROGRAM SERVICES EXECUTIVE EDUCATION 115200 SOUTH AMERICA 0 2 PROGRAM SERVICES EXECUTIVE EDUCATION 92087 NORTH AMERICA 0 1 PROGRAM SERVICES EXECUTIVE EDUCATION 33901 EUROPE 0 0 DEVELOPMENT/FUNDRAISING 7446 EAST ASIA AND THE PACIFIC 0 0 ALUMNI RELATIONS/FUNDRAISING 628 EUROPE 0 0 ALUMNI RELATIONS/FUNDRAISING 299 NORTH AMERICA 0 0 ALUMNI RELATIONS/FUNDRAISING 1050 SOUTH AMERICA 0 0 ALUMNI RELATIONS/FUNDRAISING 5496 SOUTH ASIA 0 0 ALUMNI RELATIONS/FUNDRAISING 616 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAM 712051 EUROPE 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 1803386 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 74351 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 84936 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 162736 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAM 55652 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 35519371 0 56 0 0 0 56 1420424 38419645 39840069 1 0 1 1 1 1 PART I, LINE 3: ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. PRESIDENT'S CUP 104950 63300 41650 0 249 0 380 14094 104950 63300 41650 249 380 14094 14723 26927 6610 2200 11989 0 397 0 6610 2200 11989 397 14586 -7976 MA 1 0 0 0 0.50000 0.50000 RICHARD BOWMAN 231 FOREST STREET BABSON PARK MA 02457 0 NONE 0 1 BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 331978 0 TO SUPPORT THE COLLEGE'S MISSION INTERNATIONALLY. INSTITUTIONAL GRANTS/SCHOLARSHIP 1285 35698139 0 PART I, LINE 2: THE PROCEDURES FOR NEED-BASED AWARDS INCLUDE REVIEW AND RESOLUTION OF ALL FEDERAL-PROCESSOR-IDENTIFIED ELIGIBILITY CONFLICTS, AND 100% VERFICATION OF REPORTED PARENT AND STUDENT INCOMES. FOR ALL FUNDS THERE IS A SEPARATION OF THE AWARDING AND DISBURSEMENT FUNCTIONS (DIFFERENT INDIVIDUALS RESPONSIBLE FOR EACH), MONTHLY RECONCILIATIONS BETWEEN STUDENT ACCOUNTS AND THE COLLEGE'S GENERAL LEDGER, AND AN ANNUAL AUDIT IN ACCORDANCE WITH OMB CIRCULAR A-133. SCHEDULE I, PART III: THE CASH GRANT IS REFLECTED ON STUDENTS' ACCOUNTS. X X X X X X 0 1 X X X 0 1 0 1 0 0 0 1 1 1 DR KERRY HEALEY TRUSTEE/PRESIDENT (STARTING 7/1/13) 404545 0 0 0 8564 0 24000 0 28889 0 465998 0 0 0 DENNIS HANNO PROVOST 311710 0 14429 0 48421 0 28326 0 28570 0 431456 0 0 0 RANCH KIMBALL COO(STARTING 7/22/13) 145644 0 20000 0 18657 0 3650 0 219 0 188170 0 0 0 MARY ROSE V.P. FOR CAMPUS & COMMUNITY AFFAIRS 194320 0 0 0 18390 0 24343 0 21922 0 258975 0 0 0 DIANA ZAIS V.P. FOR DEVELOPMENT 198618 0 0 0 823 0 22817 0 27590 0 249848 0 0 0 CAROL HACKER V.P.OF ALUMNI&FRIENDS NETW 184231 0 0 0 718 0 20308 0 14202 0 219459 0 0 0 PHILIP SHAPIRO V.P. FOR FINANCE (UNTIL 2/14) 290045 0 0 0 19618 0 28326 0 28996 0 366985 0 0 0 DONNA BONAPARTE V.P. FOR HR 216475 0 0 0 877 0 24071 0 8569 0 249992 0 0 0 GRANT GOSSELIN V.P. FOR ENROLLMENT/DEAN OF ADMISSIO 173078 0 0 0 144 0 19704 0 27153 0 220079 0 0 0 JONATHAN MOLL V.P. AND GENERAL COUNSEL 244478 0 0 0 1053 0 28176 0 26454 0 300161 0 0 0 SAMUEL DUNN V.P. FOR FACILITIES MGT/CIO 345448 0 24856 0 17544 0 28326 0 8518 0 424692 0 0 0 TRACEE PETRILLO CLERK (UNTIL 10/13) 141588 0 0 0 113 0 15010 0 8240 0 164951 0 0 0 ELAINE EISENMAN DEAN OF BABSON EXE. EDU. 345685 0 0 0 3356 0 28326 0 15540 0 392907 0 0 0 JAY A RAO FACULTY 484906 0 2000 0 201 0 17064 0 30621 0 534792 0 0 0 PAUL MULLIGAN FACULTY 353118 0 0 0 861 0 15660 0 21386 0 391025 0 0 0 PATRICIA GUINAN FACULTY 372148 0 0 0 533 0 16058 0 23809 0 412548 0 0 0 MICHAEL FETTERS FACULTY 324074 0 0 0 2277 0 22261 0 750 0 349362 0 0 0 JEAN PIERRE JEANNET FACULTY 318343 0 0 0 284 0 7326 0 6219 0 332172 0 0 0 SHAHID ANSARI FORMER PROVOST 312500 0 0 0 21159 0 28326 0 309 0 362294 0 0 0 DR LEONARD A SCHLESINGER FORMER PRESIDENT 239481 0 0 0 180064 0 27726 0 36916 0 484187 0 0 0 PART I, LINE 1A FIRST-CLASS TRAVEL: COLLEGE POLICIES ALLOW BOTH THE FORMER PRESIDENT (WHILE PRESIDENT) AND THE CURRENT PRESIDENT TO TRAVEL FIRST-CLASS UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. TRAVEL FOR COMPANIONS: ON OCCASION, WHILE HE HELD THE POSITION OF PRESIDENT, THE FORMER PRESIDENT'S SPOUSE TRAVELED WITH THE FORMER PRESIDENT TO CERTAIN BABSON COLLEGE FUNDRAISING AND NETWORKING EVENTS TO ASSIST IN THESE ACTIVITIES WHICH FURTHER THE MISSION OF THE COLLEGE. HOUSING ALLOWANCE: THE CURRENT PRESIDENT AND THE FORMER PRESIDENT (WHILE PRESIDENT) ARE REQUIRED TO LIVE IN CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF BABSON COLLEGE. THE FAIR MARKET VALUE OF THE HOUSING AND ANY CLEANING SERVICES,IF PROVIDED,ASSOCIATED WITH THE PROPERTY ARE INCLUDED AS A NONTAXABLE BENEFIT TO BOTH THE FORMER AND THE CURRENT PRESIDENTS. THE CURRENT PROVOST RECEIVES HOUSING AS A TAXABLE BENEFIT. THE FAIR MARKET VALUE OF HOUSING PROVIDED IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: IN CONNECTION WITH CERTAIN TAXABLE REIMBURSEMENTS, THE FORMER PRESIDENT (WHILE PRESIDENT) RECEIVED CERTAIN TAX GROSS UP PAYMENTS. SUCH GROSS UP PAYMENTS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF HIS EMPLOYMENT CONTRACT. HEALTH OR SOCIAL CLUB: BOTH THE FORMER AND THE CURRENT PRESIDENTS RECEIVE AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB FOR BUSINESS USE RELATED TO THE COLLEGE. WHILE SERVING AS PRESIDENT FOR THE PERIOD 1/1/13-6/30/13, THE FORMER PRESIDENT WAS PROVIDED USE OF A CLUB MEMBERSHIP FOR BUSINESS PURPOSES. THE CURRENT PRESIDENT RECEIVED A CLUB MEMBERSHIP FOR BUSINESS PURPOSES BEGINNING 7/1/13. PART I, LINE 1B ALL THE ITEMS CHECKED ABOVE ARE INCLUDED AS PART OF THE INDIVIDUAL'S EMPLOYMENT CONTRACT AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 4B EFFECTIVE JULY 1, 2012 THE COLLEGE ENTERED INTO A NON-QUALIFIED SECTION 457(F) ARRANGEMENT WITH ITS FORMER PRESIDENT. UNDER THE TERMS OF THE PLAN, THE FORMER PRESIDENT RECEIVED A CREDIT TO HIS ACCOUNT OF NO LESS THAN $50,000 FOR EACH PLAN YEAR HE HOLDS THE TITLE OF THE FORMER PRESIDENT OF THE COLLEGE ON JUNE 30TH OF SUCH PLAN YEAR. AMOUNTS AWARDED UNDER THE PLAN ARE 100% VESTED AT THE TIME OF THE AWARD. FOR THE CURRENT PLAN YEAR AN AMOUNT OF $50,000 AND AN ACCOMPANYING TAX GROSS UP WERE INCLUDED IN TAXABLE WAGES AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THE FINAL CREDIT MADE UNDER THE PLAN WAS MADE ON JUNE 30, 2013. EFFECTIVE JULY 1, 2013 THE COLLEGE ENTERED INTO A NON-QUALIFIED SECTION 457(F) ARRANGEMENT WITH ITS CURRENT PRESIDENT. UNDER THE TERMS OF THE PLAN, THE CURRENT PRESIDENT WILL RECEIVE A CREDIT TO HER ACCOUNT OF NO LESS THAN $52,500 FOR EACH PLAN YEAR SHE HOLDS THE TITLE OF THE PRESIDENT OF THE COLLEGE ON JUNE 30TH OF SUCH PLAN YEAR. AMOUNTS AWARDED UNDER THE PLAN ARE 100% VESTED AT THE TIME OF THE AWARD. NO AMOUNTS WERE AWARDED UNDER THE PLAN IN CALENDAR YEAR 2013. PART I, LINE 5 ONE KEY EMPLOYEE HAS A INCENTIVE PLAN BASED ON THE PERFORMANCE OF CERTAIN PROGRAMS AT THE COLLEGE. PART I, LINE 7 FROM TIME TO TIME OFFICERS AND KEY EMPLOYEES MAY RECEIVE NON-FIXED PAYMENT BONUS. ALL BONUSES ARE APPROVED BY THE PRESIDENT AND REVIEWED BY HUMAN RESOURCES. PART I, LINE 8 DR. KERRY HEALEY IS UNDER HER INITIAL CONTRACT WITH BABSON COLLEGE. A MA DEVELOPMENT FINANCE AGENCY (2005A) 043431814 57583RCV5 2005-08-31 22996717 NEW BUILDING,MISC. PROJECT, REFINANCE DEBT. 0 0 0 B MA DEVELOPMENT FINANCE AGENCY (2007A) 043431814 57583RSC0 2007-10-04 21336830 REFINANCE DEBT (1997A) FOR THE CONSTRUCTION OF SORENSON & THE CHAPEL. 0 0 0 C MA DEVELOPMENT FINANCE AGENCY (2008A) 043431814 57583RUW3 2008-04-17 36475000 REFINANCE DEBT (2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD AND ETC. 0 0 0 D MA DEVELOPMENT FINANCE AGENCY (2011A) 043431814 57583UGH5 2011-07-07 14518050 REFINANCE DEBT (1998A) BLANK CENTER. 0 0 0 A 7779343 22996717 333890 337000 15230149 7095678 2006 1 0 1 1 B 4403156 21336830 315976 242000 20778854 2007 1 0 1 1 C 4125000 36475000 250504 29208 36195288 2008 1 0 1 1 D 2835000 14518050 243275 14274775 2011 1 0 1 1 A 0 0 0 0 0.00110 0.00110 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 0 1 1 1 1 GOLDMAN SACHS 25.000000000000 0 0 0 0 1 D 0 1 1 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART IV,LINE 2C, THE REBATE COMPUTATION DATES: MA DEVELOPMENT FINANCE AGENCY (2005A): AUGUST, 2013 MA DEVELOPMENT FINANCE AGENCY (2007A): OCTOBER, 2013 MA DEVELOPMENT FINANCE AGENCY (2008A): APRIL, 2014 MA DEVELOPMENT FINANCE AGENCY (2011A): JULY, 2013 A MA DEVELOPMENT FINANCE AGENCY (2013) 043431814 2013-07-17 35000000 NEW BUILDING,MISC. PROJECT. 0 0 0 A 599030 35000000 118081 7950536 26931383 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 COMCAST VICE PRESIDENT IS ALSO A BABSON TRUSTEE 172000 CABLE FEES PAID 0 JANICE BELL SPOUSE OF THE FORMER PROVOST 312543 FACULTY WAGES PAID 0 BANK OF NEW YORK-MELLON VICE CHAIRMAN & CEO IS ALSO BABSON TRUSTEE 146000 INVESTMENT FEES PAID 0 PHYLLIS SCHLESINGER SPOUSE OF THE FORMER PRESIDENT 40960 FACULTY WAGES PAID 0 FIDELITY CHIEF INVESTMENT OFFICER IS ALSO BABSON TRUSTEE 0 403(B) RETIREMENT PLAN AND BABSON PAID NO FEES. 0 CAROLINE WINN DAUGHTER OF THE CURRENT OFFICER (JOSEPH WINN) 46409 COMPENSATION 0 X 39 2078890 AVG. OF HI&LOW-DATE TRAD 0 1 0 PART I, LINE 32B: BABSON UTILIZES THE SERVICES OF A BROKER TO SELL DONATED SECURITIES. COLUMN (B): BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 PURSUANT TO THE ORGANIZATION'S BYLAW, THE BOARD OF TRUSTEES SHALL HAVE AN EXECUTIVE COMMITTEE WHICH SHALL CONSIST OF THE PRESIDENT OF THE CORPORATION, THE CHAIRPERSON OF THE BOARD OF TRUSTEES, THE VICE CHAIRPERSON(S) OF THE BOARD OF TRUSTEES, THE CHAIRPERSON-ELECT OF THE BOARD OF TRUSTEES AND SUCH OTHER TRUSTEES AS SHALL BE APPOINTED BY THE CHAIRPERSON OF THE BOARD OF TRUSTEES OF THE CORPORATION FOR TERMS OF ONE(1) YEAR, BUT ANY MEMBER MAY BE REAPPOINTED. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, SUBJECT TO SUCH LIMITATIONS AS MAY BE PRESCRIBED BY RESOLUTION OF THE BOARD OF TRUSTEE, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERINTENDENCE AND ADMINISTRATION OF THE CURRENT MANAGEMENT OF THE AFFAIRS OF THE CORPORATION AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF TRUSTEES WITH RESPECT THERETO INCLUDING THE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION TO BE AFFIXED TO ALL PAPERS THAT MAY REQUIRE IT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY MANAGEMENT AND PRICEWATERHOUSECOOPERS, LLP "PWC". THE FULL 990 RETURN, INCLUDING SCHEDULE B, IS THEN REVIEWED BY SENIOR MANAGEMENT, AND THE AUDIT COMMITTEE. THE FINAL FORM 990, WITH THE EXCEPTION OF SCHEDULE B, IS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. PWC SIGNS THE RETURN AS PAID PREPARER. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL TRUSTEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND STATEMENT OF COMPLIANCE. THEIR RESPONSE TO THE QUESTIONNAIRE IS REVIEWED BY MANAGEMENT. IN ADDITION, PAYROLL AND VENDOR FILES ARE REVIEWED FOR THE EXISTENCE OF TRANSACTIONS WITH RELATED PARTIES. IF A CONFLICT OCCURS THE BOARD MEMBER WILL RECUSE HIM OR HERSELF FROM ANY MATTERS RELATING TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 14: CURRENTLY THE COLLEGE HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY BUT IT IS NOT APPROVED BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES OF THE COLLEGE IS REVIEWED BY HUMAN RESOURCES AT LEAST ONCE A YEAR. THIS REVIEW INCLUDES COMPARING RELEVANT, INDEPENDENT MARKET COMPENSATION AND IS DOCUMENTED. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED APPROPRIATE INFORMATION INCLUDING A RECOMMENDATION FOR COMPENSATION (OR INCREASE IN COMPENSATION). ANY CHANGES TO COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES IS APPROVED BY THIS COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 BABSON COLLEGE'S FINANCIAL STATEMENTS CAN BE FOUND AT WWW.BABSON.EDU. BABSON DOES NOT MAKE AVAILABLE TO THE PUBLIC OUR CONFLICT OF INTEREST POLICY, OR OTHER GOVERNING DOCUMENTS. FORM 990 PART VII, SECTION A GARY T. DICAMILLO RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. GORDON PRICHETT RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. MARLA M. CAPOZZI RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HER COMPENSATION WAS FOR HER SERVICE AS AN ADJUNCT LECTURER. FORM 990, PART XI, LINE 9: YE GLOBAL'S ASSET -1,537. FORM 990 PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THE COMMITTEE REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 SUPPORTING ORGANIZATION MA 509 (A)(3) LINE 11A, I BABSON COLLEGE 1 CHARITABLE REMAINDER UNITRUST (2) ONE LINCOLN STREET BOSTON MA 02111 FUNDRAISING MA N/A T 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 BABSON GLOBAL INC B 331978 ACTUAL COST BABSON GLOBAL INC L 4372989 COST PLUS OVERHEAD RATE BABSON GLOBAL INC N 0 INCLUDED IN OVERHEAD ABOVE