2014-05-14T16:34:23-05:00 2013-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2012-07-01 042104847 WILLIAMS COLLEGE % SUSAN HOGAN WILL 4135974412 HOPKINS HALL PO BOX 67 Suite WILLIAMSTOWN MA 01267 FREDERICK W PUDDESTER 4135974412 2014-05-06 true 6175305000 2012 2015-11-30 17:44:51Z ADAM F FALK HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 294275043 false X www.williams.edu X 1793 MA SEE SCHEDULE O 21 20 3391 3460 -1548841 -3733264 52694308 47342033 115120571 120117174 87665287 125003447 1805847 1812389 257286013 294275043 44334066 47007769 0 0 109984096 109019518 0 0 6656420 72095329 74942906 226413491 230970193 30872522 63304850 2361903398 2623660870 403053000 467528867 1958850398 2156132003 X SEE SCHEDULE O false false 199717995 47007769 120117174 SEE SCHEDULE O 199717995 true true false true false false false true true true true true false false true false true false true true true false false false false false false true true true true false false false false false true false false true false true true false false false true true true false false true 3606 0 true 3391 true true true true UK false false false false false false false false X 21 20 false false false false false false false true true false false false true true true true false true true false CA MA OK X X X SUSAN HOGAN 4135974204 PO BOX 67 WILLIAMSTOWN MA 01267 X GREGORY M AVIS 6.0 X BARBARA A AUSTELL 4.0 X 0 0 0 THOMAS M BALDERSTON 4.0 X PATRICK F BASSETT 4.0 X ERIC L COCHRAN 4.0 X MICHAEL R EISENSON 4.0 X O ANDREAS HALVORSEN 4.0 1.0 X YVONNE HAO 4.0 X STEPHEN HARTY 4.0 X JOEY SHAISTA HORN 4.0 X JONATHAN A KRAFT 4.0 X GLENN D LOWRY 4.0 X ROBIN POWELL MANDJES 4.0 X FRED NATHAN JR 4.0 X KATHERINE L QUEENEY 4.0 X ELIZABETH E ROBINSON 4.0 X ROBERT G SCOTT 4.0 X WILLIAM E SIMON JR 4.0 X LAURIE J THOMSEN 4.0 X SARAH KEOHANE WILLIAMSON 4.0 X ADAM FALK 40.0 1.0 X X 477076 104508 COLLETTE CHILTON 40.0 X 826098 355646 KELI A KAEGI 40.0 X 142885 34182 STEPHEN P KLASS 40.0 X 292962 46433 JOHN MALCOLM 40.0 X 235906 34163 FREDERICK PUDDESTER 40.0 X 316767 49482 MICHAEL E REED 40.0 X 234122 48043 SARAH BOLTON 40.0 X 198941 41986 WILLIAM DUDLEY 40.0 X 197953 41986 PETER MURPHY 40.0 X 197953 52721 BRADFORD B WAKEMAN 40.0 X 410183 147959 ROBERT DALZELL JR 40.0 X 314826 19883 JEAN-BERNARD BUCKY 40.0 X 207882 20175 STEPHEN SHEPPARD 40.0 X 203252 56878 JAY PASACHOFF 40.0 X 198710 40577 WILLIAM J LENHART 40.0 X 151792 37162 WILLIAM G WAGNER 40.0 X 193265 42277 4800573 0 1174061 212 true true false CONSIGLI CONSTRUCTION CO INC 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 24810338 Bohlin Cywinski Jackson 8 West Market Street WILKESBARRE PA 18701 ARCHITECTURE 957674 ALLEGRONE CONSTRUCTION CO INC 54 NORTH STREET PITTSFIELD MA 01201 CONSTRUCTION 2709759 FOUR SEASONS HEATING COOLING INC 134 E HOUSATONIC STREET DALTON MA 01226 CONSTRUCTION 993260 CLOUGH HARBOUR ASSOC LLP 3 WINNERS CIRSTE 100 ALBANY NY 12205 ENGINEERING 1128799 70 2179182 45162851 6753875 47342033 TUITION, FEES, ROOM AND BOARD 900099 115372247 115372247 AUXILIARY REVENUE 721110 4119074 855758 3263316 OTHER PROGRAM REVENUE 900099 625853 625853 120117174 508015 -2492799 3000814 2250 2250 0 1724189 1724189 0 1724189 1724189 124493182 124493182 124493182 124493182 0 0 0 MISCELLANEOUS 713940 88200 88200 88200 294275043 115998100 -1548841 132483751 810542 810542 46197227 46197227 0 0 2888148 775008 1453267 659873 124169 124169 79985544 69606087 7397583 2981874 7075264 5819101 1014542 241621 13016723 10907504 1723572 385647 5929670 4876899 850272 202499 0 482255 13346 468909 248103 6385 241718 0 0 0 15821146 11430982 3944360 445804 206934 121499 81770 3665 7362628 6813696 435668 113264 2646740 2625136 12703 8901 0 5281921 4610205 336754 334962 5078765 4391371 422963 264431 0 163260 134843 19324 9093 9047703 7441347 1297376 308980 0 19165644 15762920 2748215 654509 920974 319740 587563 13671 FELLOWSHIPS, STUDENT AWARDS 3242745 3242745 EQUIPMENT RENTAL AND MAINTANCE 5274088 3811412 1435050 27626 230970193 199717995 24595778 6656420 13024791 9193872 58182426 39158624 66567415 69006984 801703 748102 266364 328152 0 0 15043118 18409052 400370 281137 9942264 10414918 675746776 280484045 373081316 395262731 418698199 558057852 1379768771 1443491734 0 0 0 0 26126661 79307712 2361903398 2623660870 49396790 50627500 0 0 3303248 2989269 294735441 357129298 52256225 53476847 0 0 0 0 0 0 3361296 3305953 403053000 467528867 X 296982181 306460404 1127452096 1295321733 534416121 554349866 1958850398 2156132003 2361903398 2623660870 X 63304850 137952335 -3975580 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 26507 26507 false LOBBYING ACTIVITY EXPLANATION 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. 405840 37153962 X X X X false false true X 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 1741168587 14722390 -320754718 15677010 53911305 9164407 1356383537 0.10880 0.25440 0.63680 false false 11809229 11809229 469887614 227584559 242303055 66431428 37241598 29189830 127618505 15657888 111960617 395262731 REAL ASSET COMMINGLED FUNDS 4154523 F REAL ESTATE PARTNERSHIPS 97133978 F REAL ESTATE MUTUAL FUNDS 1739744 F PRIVATE EQUITY PARTNERSHIPS 334301162 F PRIVATE FIXED INCOME FUNDS 37169664 F REAL ASSET PARTNERSHIPS 55316846 F EQUITY HEDGE FUNDS 525888778 F ABSOLUTE RETURN HEDGE FUNDS 366148699 F REAL ASSET HEDGE FUNDS 21638340 F 1443491734 0 US GOV'T ADVANCES FOR STUDENTS 3305953 3305953 428251798 137952335 -3975580 133976755 294275043 294275043 184772966 184772966 46197227 46197227 230970193 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 PUPOSES INCLUDE SCHOLARSHIPS FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, FACULTY COMPENSATION AND OTHER ACADEMIC AND STUDENT OPERATIONS. FORM 990, SCHEDULE D, PART XI, LINE 2D ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $(4,685,324) LOSS ON DISPOSITION OF FIXED ASSETS $(428,671) GAIN ON FINANCIAL CONTRACTS $1,956,326 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $2,107,945 LOSS ON ADVANCE REFUNDING OF BONDS $(2,925,856) ____________ TOTAL $(3,975,580) FORM 990, SCHEDULE D, PART XIII, LINE 4B FINANCIAL AID $46,197,227 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. 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 Europe (Including Iceland and Greenland) 1 1 Program Services ONE YEAR ACADEMIC PROG 909953 East Asia and the Pacific Program Services STUDY ABROAD 7828 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 215262 East Asia and the Pacific Program Services WINTER STUDY 25048 Middle East and North Africa Program Services WINTER STUDY 64030 Central America and the Caribbean Investments 709166246 Europe (Including Iceland and Greenland) Investments 17401906 Sub-Saharan Africa Investments 3213368 1 1 1 1 731003641 731003641 true false true true true false FORM 990, SCHEDULE F, PART I, COLUMN (F) ALL EXPENSES OF OUR PROGRAM IN OXFORD 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 SANDS SPRINGS RECREATIONAL CENTER 158 SAND SPRINGS ROAD WILLIAMSTOWN MA 01267 454171207 501(C)(3) 56904 PROGRAM SUPPORT NORTHERN BERKSHIRE UNITED WAY P NORTH ADAMS MA 01247 042104785 501(C)(3) 5331 PROGRAM SUPPORT MASS MUSEUM OF CONTEMPORARY ART 1040 MASS MOCA WAY NORTH ADAMS MA 01247 043113688 501(C)(3) 50000 PROGRAM SUPPORT WILLIAMSTOWN YOUTH CENTER 66 SCHOOL STREET WILLIAMSTOWN MA 01267 042105836 501(C)(3) 500000 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) 32186 CHARITABLE CONTRIBUTION IMAGES CINEMA 50 SPRING STREET WILLIAMSTOWN MA 01267 043407257 501(C)(3) 22500 FILM EXHIBITION MT GREYLOCK REGIONAL HIGH SCHOOL 1781 COLD SPRING ROAD WILLIAMSTOWN MA 01267 046006483 34783 COMMUNITY SUPPORT 1 BERKSHIRES ALLIANCE 66 ALLEN STREET PITTSFIELD MA 01201 273148082 501(C)(6) 25000 ECONOMIC DEVELOPMENT UNITED CEREBRAL PALSY 208 WEST STREET PITTSFIELD MA 01220 042173060 501(C)(3) 10000 CHARITABLE CONTRIBUTION MYSTIC SEAPORT 75 GREENMANVILLE AVE MYSTIC CT 06355 060653120 501(C)(3) 25000 PROGRAM SUPPORT WILLIAMSTOWN FIRE DISTRICT 34 WATER STREET WILLIAMSTOWN MA 01267 27838 CHARITABLE CONTRIBUTION 11 1 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1178 46197227 BOOK GRANTS - EXPLANATION 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 true true X X X X false true false false false false false true false ADAM FALK 422894 54182 28284 0 76224 0 581584 0 COLLETTE CHILTON 400857 408241 17000 290784 0 64862 0 1181744 0 145741 KELI A KAEGI 134570 8315 15070 0 19112 0 177067 0 STEPHEN P KLASS 291426 1536 28284 0 18149 0 339395 0 JOHN MALCOLM 235811 95 26831 0 7332 0 270069 0 FREDERICK PUDDESTER 299767 17000 28284 0 21198 0 366249 0 MICHAEL E REED 217122 17000 27222 0 20821 0 282165 0 SARAH BOLTON 197953 988 22698 0 19288 0 240927 0 WILLIAM DUDLEY 197953 22698 0 19288 0 239939 0 PETER MURPHY 197953 22698 0 30023 0 250674 0 BRADFORD B WAKEMAN 259066 150367 750 126909 0 21050 0 558142 0 51742 WILLIAM J LENHART 151493 299 17203 0 19959 0 188954 0 WILLIAM G WAGNER 193265 22227 0 20050 0 235542 0 ROBERT DALZELL JR 90201 224625 10239 0 9644 0 334709 0 JEAN-BERNARD BUCKY 92632 115250 10531 0 9644 0 228057 0 STEPHEN SHEPPARD 202465 787 16829 0 40049 0 260130 0 JAY PASACHOFF 198710 18491 0 22086 0 239287 0 BENEFITS FORM 990, Schedule J, Part I, Line 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: 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 COLUMN D THE ESTIMATED RENTAL VALUE OF THE PRIVATE AREAS OF THE RESIDENCE. 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 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 SERIES L 042456011 57586CQS7 2007-01-04 76536465 NEW CONSTRUCTION & 1999 ADV REFUND true false false B MASS HEALTH & EDU FACILITIES AUTHORITY SERIES N&O 043431814 57583UAA6 2011-03-24 92077256 CONSTR AND 2007 CURRENT REFUNDING false false false C MASS HEALTH & EDU FACILITIES AUTHORITY SERIES J&K 042456011 57586CPX7 2006-04-03 73396573 1996 & 2003 CURRENT REFUNDING true false false D MASS HEALTH & EDU FACILITIES AUTHORITY SERIES H&I 042456011 57585KW79 2003-04-02 115049757 CONSTRC AND 1993 CURRENT REFUNDING false false false A 4552413 34200000 76536465 0 0 0 518260 0 0 66333146 9685059 0 2008 false true true true B 2763938 0 92077256 0 0 0 661056 0 0 50166200 41250000 0 2013 true false true true C 6929297 11065000 73396573 0 0 0 556293 0 0 72840280 0 0 2006 true false true true D 88703757 0 115049757 0 0 0 644884 0 0 100699405 13705468 0 2005 false true true true A false false false false 0 0.01680 0.01680 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 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 true D false false false true false 0 true TRINITY 3.25 true false true A true B true C true D true FORM 990, SCHEDULE K-1, PART IV, LINE 2C 0 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 SERIES P 043431814 57583UWRS 2013-05-30 148355419 NEW CONSTR & REF 2003, 2006 & 2007 false false false A 0 0 148355419 0 0 45265000 840287 0 0 7378020 80513343 59623769 true true false A false false false false 0 false false false true A false true true false false false 0 false 0 false true A true KELI KAEGI Officer MORTGAGE ON PRIM RES X 70000 30055 false true true STEPHEN KLASS Officer MORTGAGE ON PRIM RES X 100000 80804 false true true JOHN MALCOLM Officer MORTGAGE ON PRIM RES X 40000 38466 false true true SARAH BOLTON Key Employee MORTGAGE ON PRIM RES X 80232 67505 false true true WILLIAM LENHART Former Officer MORTGAGE ON PRIM RES X 56563 11322 false true true FREDERICK PUDDESTER Officer MORTGAGE ON PRIM RES X 100000 100000 false true true 328152 STEPHANIE BOYD SPOUSE OF FORMER OFFICER 124169 WILLIAMS COLLEGE EMPLOYEE false X 7 405840 APPRAISALS X 398 6348035 FMV 7 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 NAME 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 THIER 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. PUBLIC INSPECTION FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE 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. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $(4,685,324) LOSS ON DISPOSITION OF FIXED ASSETS $(428,671) GAIN ON FINANCIAL CONTRACTS $1,956,326 INVESTMENT INCOME ON SPLIT INTEREST AGREEMENTS $2,107,945 LOSS ON ADVANCE REFUNDING OF BONDS $(2,925,856) ____________ TOTAL $(3,975,580) 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)(3) N/A NA false 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 (34) FUNDRAISING NA TRUST false false false false false false false false false false false false false false false false true false false false WILLIAMS COLLEGE OXFORD PROGRAM P 909953 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.