2013-05-06T13:52:14-05:00 2012-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2011-07-01 150532078 COLGATE UNIVERSITY % DAVID B HALE COLG 3152287422 13 OAK DRIVE HAMILTON NY 13346 DAVID B HALE 2013-05-02 true koen vredeveld 8605223200 2011 2016-03-07 17:11:31Z DAVID B HALE 13 OAK DRIVE HAMILTON NY 13346 366289184 false X WWW.COLGATE.EDU X 1846 NY SEE SCHEDULE O. 35 33 3108 1200 1238024 -772396 651752 28093155 779996 150582850 -211718 32963190 0 1324182 1220030 212963377 0 43498538 0 0 5837148 77577262 0 0 7113574 4660817 64797134 10497965 185872934 -9277935 27090443 1158464837 1125665877 253897337 254637438 904567500 871028439 X SEE SCHEDULE O. false false 162961270 43498538 149543441 TO PROVIDE A WORLD-CLASS AND DEMANDING UNDERGRADUATE EDUCATIONAL EXPERIENCE FOR A TALENTED AND DIVERSE GROUP OF APPROXIMATELY 2,900 STUDENTS. THE educational mission IS TO DEVELOP WISE, THOUGHTFUL, CRITICAL THINKERS AND PERCEPTIVE LEADERS BY ENCOURAGING YOUNG MEN AND WOMEN TO FULFILL THEIR POTENTIAL THROUGH RESIDENCE IN A COMMUNITY THAT VALUES ALL FORMS OF INTELLECTUAL RIGOR AND RESPECTS THE COMPLEXITY OF HUMAN UNDERSTANDING. 162961270 true true false true false false true false true true true false false true false false false true true true false false false false false false true true true true false false false false false false true false true true true true false false true true true true false false true X 735 0 true 3108 true true true true AS FR GM SZ JA SP UK JM KS false false false true true false false false false false false false X 35 33 true false false false false false false true true false false true true true true true false true true false CA NY X DAVID B HALE 3152287422 13 OAK DRIVE HAMILTON NY 13346 JEFFREY HERBST 60.0 X X 459087 0 107422 BRION B APPLEGATE 3.0 X 0 0 0 DEWEY J AWAD II 3.0 X 0 0 0 DANIEL C BENTON 3.0 X 0 0 0 EMILY H BRADLEY 3.0 X 0 0 0 GRETCHEN H BURKE 3.0 X 0 0 0 CHRISTINE J CHAO 3.0 X 0 0 0 CELIA A COLBERT 3.0 X 0 0 0 GUS P COLDEBELLA 3.0 X 0 0 0 H LEROY CODY JR 3.0 X 0 0 0 ERIC A COLE 3.0 X 0 0 0 DENIS F CRONIN 3.0 X 0 0 0 NANCY C CROWN 3.0 X 0 0 0 STEPHEN J ERRICO 3.0 X 0 0 0 MARK G FALCONE 3.0 X 0 0 0 GREGORY J FLEMING 3.0 X 0 0 0 JEANNE A FOLLANSBEE 3.0 X 0 0 0 LINDA J HAVLIN 3.0 X 0 0 0 MICHAEL J HERLING 3.0 X 0 0 0 STEPHEN R HOWE JR 3.0 X 0 0 0 DANIEL B HURWITZ 3.0 X 0 0 0 WILLIAM A JOHNSTON 3.0 X 0 0 0 RONALD A JOYCE 3.0 X 0 0 0 ROBERT A KINDLER 3.0 X 0 0 0 SCOTT A MEIKLEJOHN 3.0 X 0 0 0 MARK D NOZETTE 3.0 X 0 0 0 JUNG H PAK 3.0 X 0 0 0 JOHN C SHAW 3.0 X 0 0 0 BARRY J SMALL 3.0 X 0 0 0 JAMES A SMITH 3.0 X 0 0 0 JOANNE D SPIGNER 3.0 X 0 0 0 EDWARD M WERNER 3.0 X 0 0 0 AYANNA K WILLIAMS 3.0 X 0 0 0 WILLIAM T WINTERS 3.0 X 0 0 0 LEE M WOODRUFF 3.0 X 0 0 0 DAVID HALE 50.0 X 313217 0 36742 ROBERT TYBURSKI 50.0 X 221682 0 32959 BRUCE SELLECK 50.0 X 244186 0 42847 MURRAY DECOCK 50.0 X 279679 0 43443 SCOTT BROWN 50.0 X 116670 0 19440 LYLE ROELOFS 50.0 X 260802 0 57132 DAVID ROACH 50.0 X 226110 0 38012 ANTHONY AVENI 50.0 X 184268 0 33244 JAY MANDLE 50.0 X 177977 0 32378 joseph s hope 50.0 X 176625 0 28332 KEENAN GRENELL X 319296 0 8508 2979599 0 480459 138 true true false SODEXHO INC AFFILIATES FOOD SERVICE 5761971 LECHASE CONSTRUCTION SERVICES LLC CONSTRUCTION 3227530 Raymond E Kelley Inc 33 Main Street BOWMANSVILLE NY 14026 INSURANCE 803692 BIRNIE BUS SERVICE INC TRANSPORTATION 1172359 MARK CONGDEN DELIVERY 976569 30 2574509 25518646 4244523 28093155 TUITION AND FEES 900099 124542224 124542224 SALES & SERVICES OF AUXILIARIES 900099 23752542 22410865 1341677 OTHER EDUCATIONAL ACTIVITIES 900099 2288084 2288084 150582850 5055305 -103653 5158958 3953 3953 203327 203327 748551 901932 -153381 -153381 -153381 177547585 100655 149744308 27803277 100655 27903932 27903932 0 0 3953803 2679567 1274236 1274236 0 212963377 149241173 1238024 34391025 1132656 1132656 42365882 42365882 0 0 2766103 2766103 550699 550699 57540579 46813336 7085262 3641981 5583919 4598139 650956 334824 6786501 5779161 581264 426076 4349461 3581614 507052 260795 4374507 3511157 788488 74862 340676 271762 62974 5940 379777 304992 68249 6536 194223 194223 0 480363 385615 86515 8233 5144334 4082928 969252 92154 0 0 2003915 1682894 150310 170711 0 480764 480764 7464488 6465691 378239 620558 0 0 7632540 7632540 0 12465092 11239484 1112573 113035 1502624 886924 593267 22433 UTILITIES 4218121 3510973 596095 111053 REPAIRS & MAINTENANCE 3871908 3296437 471439 104032 GENERAL OPERATING EXPENSES 10717834 8830506 1106299 781029 LIBRARY COSTS AND ACQUISITIONS 1971650 1969208 2055 387 1554318 627582 587801 338935 185872934 162961270 15798090 7113574 2123894 1495565 30718131 32065651 3646789 2698676 4704 1225824 0 0 0 0 3336428 3239542 2005977 2003875 4243666 4699492 521656922 185662083 334380381 335994839 165826369 163186113 603974296 570980698 0 0 0 0 8204202 8075602 1158464837 1125665877 11456225 14440824 0 0 13080230 16002105 173650103 173860740 0 0 0 0 475540 241756 0 0 55235239 50092013 253897337 254637438 X 314505523 301171920 275906729 248829468 314155248 321027051 904567500 871028439 1158464837 1125665877 X 27090443 -60629504 X X false false true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 2000 false true 192223 194223 false FORM 990, SCHEDULE C, PART II-B, LINE 1I Colgate University belongs to member organizations which may engage in lobbying activities. Aggregate dues in the amount of $192,223 were paid during the fiscal year reported on this return. Some portion of dues may be utilized for lobbying activities. form 990, Schedule C, PArt II-b, line 1g Colgate staff from time to time send letters to political representatives expressing opinions on certain legislation and topics. The estimated amount of expenses incurred for these activities during the current fiscal year is $2,000. 923002 15119198 X X X X false 710608283 21460984 -1478033 11759624 19180996 241502 699409112 609693550 21043099 108989396 10909640 18149524 58598 710608283 550499329 31135407 60060185 12495549 19183107 322715 609693550 723041198 10191217 -151023917 12295752 19108976 304441 550499329 0.23640 0.43700 0.32660 false false 0 28151790 28151790 0 397834009 116410164 281423845 7442480 6209037 1233443 88228643 63042882 25185761 335994839 EQUITY INVESTMENTS 25084000 F INTERMEDIATE-TERM INVESTMENTS 13764000 F CASH EQUIVALENTS 32673000 F FIXED INCOME INVESTMENTS-BONDS 45389000 F PRIVATE EQUITY 113844000 F VENTURE CAPITAL 23846000 F HEDGE 256271000 F REAL ASSETS 59255000 F OTHER 854698 F 570980698 0 ANNUITIES & DEFERRED GIVING ARRANGEMENTS 16188814 POST-RETIREMENT BENEFIT OBLIGATION 20594262 FEDERAL STUDENT LOAN FUNDS 3346075 CONDITIONAL ASSET RETIREMENT OBLIGATION 9962862 50092013 FORM 990, SCHEDULE D, PART III, LINE 4 - DESCRIPTION OF ARTWORK THE PICKER ART GALLERY AT COLGATE UNIVERSITY SEEKS TO ENGAGE THE IMAGINATIONS, STIMULATE THE MINDS AND CAPTIVATE THE EYES OF ITS VISITORS - STUDENTS, FACULTY, STAFF, COMMUNITY MEMBERS AND TRAVELERS ALIKE. IT AIMS TO SERVE AS A LABORATORY FOR THE EXPLORATION AND PRESENTATION OF NEW IDEAS ABOUT AND RELATED TO ART; AS A FORUM FOR INTERDISCIPLINARY COLLABORATIONS GROUNDED IN VISUAL UNDERSTANDING; AS A BEACON OF EXCELLENCE IN ITS EXHIBITIONS, PROJECTS AND PUBLICATIONS; AND AS A SANCTUARY FOR THE CONTEMPLATION AND ENJOYMENT OF ART. THE LONGYEAR MUSEUM OF ANTHROPOLOGY IS MAINTAINED BY THE DEPARTMENT OF SOCIOLOGY AND ANTHROPOLOGY AS A TEACHING MUSEUM. THE COLLECTION OF ARCHAEOLOGICAL AND ETHNOLOGICAL MATERIALS, PRIMARILY RELATED TO THE AMERICAN INDIAN AND PALEOLITHIC IMPLEMENTS, INCLUDES THE MORTIMER C. HOWE COLLECTION OF AMERICAN INDIAN ARTIFACTS, THE HERBERT W. BIGFORD COLLECTION OF ONEIDA INDIAN ARCHAEOLOGY AND THE WALTER BENNETT COLLECTION OF IROQUOIS AND PRE-IROQUOIS ITEMS. The Robert M. Linsley Geology Museum exhibits minerals, rocks, and fossils, highlighting the beauty and wonder of these objects while also informing visitors about how geologists study the Earth. Threaded throughout the museum is a specific focus on what we know about New York State's geologic past. FORM 990, SCHEDULE D, PART V, LINE 4 - USE OF ENDOWMENT FUNDS THE ENDOWMENT IS MANAGED AND INVESTED TO PROVIDE CURRENT AND FUTURE SUPPORT FOR THE OPERATIONS OF THE UNIVERSITY. EXAMPLES OF SUPPORT PROVIDED INCLUDE FINANCIAL AID, FACILITIES UPKEEP, RESEARCH, FACULTY COMPENSATION AND OTHER ACADEMIC AND STUDENT OPERATIONS. true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, PART 1, LINE 3 THE UNIVERSITY PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ANNUALLY IN THE UNIVERSITY CATALOGUE. FORM 990, SCHEDULE E, PART I, LINE 6A COLGATE UNIVERSITY PARTICIPATES IN THE TITLE IV AID PROGRAMS OF THE FEDERAL GOVERNMENT, RECEIVES RESTRICTED GRANTS AND UNRESTRICTED GIFTS FROM THE STATE OF NEW YORK AND WILL APPLY AS APPROPRIATE FOR GRANTS AWARDED ON A COMPETITIVE BASIS BY THE STATE OR FEDERAL GOVERNMENT. false East Asia and the Pacific 4 4 Program Services STUDY GROUPS 1029378 Central America and the Caribbean 1 1 Program Services STUDY GROUPS 141363 Europe (Including Iceland and Greenland) 13 13 Program Services STUDY GROUPS 2202192 South Asia 1 1 Program Services STUDY GROUPS 42000 Central America and the Caribbean Investments 218878735 North America Investments 11143075 Sub-Saharan Africa Investments 1484875 19 19 19 19 234921618 234921618 true false true true true false true HAMILTON CENTRAL SCHOOL 47 W KENDRICK HAMILTON NY 13346 156002230 PUBLIC SCHOOL 514399 GENERAL FUNDING VILLAGE OF HAMILTON FIRE DEPARTMENT 121 Lebanon St HAMILTON NY 13346 156001316 VILLAGE 172164 680 FMV USED EQUIPMENT GENERAL FUND & FIRETRUCKS CHENANGO NURSERY SCHOOL 59 W KENDRICK HAMILTON NY 13346 160901859 501(c)(3) 133022 GENERAL FUND & EXPANSION TOWN OF HAMILTON 16 BROAD STREET HAMILTON NY 13346 156000972 TOWN 81171 2610 FMV USED EQUIPMENT GENERAL FUNDING COMMUNITY MEMORIAL HOSPITAL 150 BROAD STREET HAMILTON NY 13346 150548010 501(c)(3) 50000 GENERAL FUNDING PARTNERSHIP FOR COMM DEVELOPMENT 11 PAYNE STREET HAMILTON NY 13346 161572206 501(c)(3) 50000 GENERAL FUNDING COLGATE UNIVERSITY ALUMNI CORPORATION 13 OAK DRIVE HAMILTON NY 13346 150532083 501(c)(3) 131900 GENERAL FUNDING 4 3 SCHOLARSHIPS TO STUDENTS 1191 42365882 GRANT PROCEDURES Colgate University offers grants, loans and work study opportunities to students on the basis of demonstrated financial need. Colgate meets the full demonstrated need of its students. Students must meet certain ELIGIBILITY REQUIREMENTS. GRANTS AND LOANS ARE ADMINISTERED BY THE STUDENT AIDS OFFICE. STUDENTS AND THEIR PARENTS COMPLETE EXTENSIVE APPLICATION MATERIALS, SUBMIT TAX RETURNS AND OTHER SUPPORTING DOCUMENTATION TO SUPPORT THEIR CLAIM FOR FINANCIAL ASSISTANCE. COLGATE ALSO OFFERS A LIMITED NUMBER OF ATHLETIC SCHOLARSHIPS (NON-NEED BASED) THAT ARE AVAILABLE FOR SELECT INTERCOLLEGIATE SPORTS. FORM 990, SCHEDULE I, PART I, LINE 2 COLGATE UNIVERSITY RECEIVES VARIOUS REQUESTS FOR GRANTS AND OTHER SUPPORT FROM LOCAL ENTITIES THROUGHOUT ITS TAX YEAR. THE ENTITIES SELECTED TO RECEIVE GRANTS, AS LISTED IN PART II ARE SELECTED TO RECEIVE FUNDING SOLELY FOR LOCAL PURPOSES. X X X X X X true true X X X X true false false false false false false false true true JEFFREY HERBST 437500 0 0 0 21587 0 30659 0 76763 0 566509 0 0 0 DAVID HALE 241423 0 70000 0 1794 0 30659 0 6083 0 349959 0 35000 0 ROBERT TYBURSKI 219600 0 0 0 2082 0 32522 0 437 0 254641 0 0 0 BRUCE SELLECK 238138 0 0 0 6048 0 36764 0 6083 0 287033 0 0 0 MURRAY DECOCK 268273 0 0 0 11406 0 26964 0 16479 0 323122 0 0 0 KEENAN GRENELL 308256 0 0 0 11040 0 1275 0 7233 0 327804 0 0 0 LYLE ROELOFS 231107 0 0 0 29695 0 35929 0 21203 0 317934 0 0 0 DAVID ROACH 204823 0 0 0 21287 0 31929 0 6083 0 264122 0 0 0 ANTHONY AVENI 179807 0 0 0 4461 0 27161 0 6083 0 217512 0 0 0 JAY MANDLE 174617 0 0 0 3360 0 26295 0 6083 0 210355 0 0 0 joseph s hope 173701 0 0 0 2924 0 22249 0 6083 0 204957 0 FORM 990, SCHEDULE J, PART I, LINE 1A FIRST CLASS TRAVEL: COLGATE DOES NOT GENERALLY PERMIT FIRST CLASS TRAVEL FOR BUSINESS TRIPS. HOWEVER, FOR UNUSUALLY LONG FLIGHTS, SUCH TRAVEL MAY BE PERMITTED PROVIDED THERE IS ADVANCE APPROVAL. ON OCCASION, THE PRESIDENT AND ADVANCEMENT PERSONNEL FLY VIA CHARTER AIRCRAFT. ALL SUCH TRAVEL IS APPROVED IN ADVANCE AND ONLY WHEN COMMERCIAL TRAVEL IS NOT PRACTICAL. THE BENEFIT IS INCLUDED IN THE INDIVIDUALS FORM W-2, WHERE APPROPRIATE. TRAVEL FOR COMPANIONS: EXPENSES FOR COMPANION TRAVEL WERE INCURRED BY PRESIDENT HERBST ON A LIMITED BASIS. COLGATE ALLOWS COMPANION TRAVEL ONLY ON OCCASIONS WHERE THERE IS A SPECIFIC BUSINESS PURPOSE, SUCH AS ATTENDANCE AT FUNDRAISING EVENTS. THE BENEFIT IS INCLUDED IN THE INDIVIDUALS FORM W-2, WHERE APPROPRIATE. Tax Indemnification and Gross-up Payments: Dean Roelofs received a grossed up payment. The benefit was treated as taxable compensation and included on the individuals Form W-2. HOUSING ALLOWANCE OF RESIDENCE FOR PERSONAL USE: ATHLETIC DIRECTOR ROACH RECEIVED A HOUSING ALLOWANCE BUT WAS TAXED ON THE VALUE. HOUSING ALLOWANCES ARE GRANTED ONLY WHEN IT IS SPECIFICALLY STATED IN AN EMPLOYMENT CONTRACT. SUCH AN ALLOWANCE IS PART OF AN EMPLOYEE'S TAXABLE COMPENSATION AND IS APPROVED AS PART OF THE EMPLOYEE'S COMPENSATION PACKAGE. PRESIDENT HERBST AND DEAN ROLOEFS WERE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF THEIR EMPLOYMENT AND FOR THE CONVENIENCE OF COLGATE. COLGATE PROVIDES HOUSING FOR EMPLOYEES WHEN THERE IS A REQUIREMENT TO LIVE IN UNIVERSITY HOUSING STIPULATED IN AN INDIVIDUAL'S EMPLOYMENT CONTRACT. THE BENEFIT IS INCLUDED IN THE INDIVIDUALS FORM W-2, WHERE APPROPRIATE. Health or Social Club Dues: Athletic Director Roach and Dean Roelofs were provided with club memberships. The memberships were treated as taxable compensation and included in the individuals Form W-2. PERSONAL SERVICES: PRESIDENT HERBST RECEIVED CERTAIN PERSONAL SERVICES PROVIDED AT HIS ON CAMPUS RESIDENCE. SUCH SERVICES WERE STIPULATED IN PRESIDENT HERBST'S EMPLOYMENT CONTRACT. THE BENEFIT IS INCLUDED IN THE INDIVIDUALS FORM W-2, WHERE APPROPRIATE. form 990, schedule j, part i, line 4a SEVERANCE PAYMENT: Keenan Grenell's employment ended effective January 31, 2011. He was subsequently paid equal monthly amounts through December 31, 2011, the total of which was $306,008 and included taxable reimbursement for moving expenses. MCCRC-SERIES 2012A 272499520 557363BJ6 2012-06-15 30709683 REFINANCE OF SERIES 2003A & 2003B false false false MCCRC-SERIES 2010A 272499520 557363AS7 2010-05-25 36532630 CONSTR PROJ & REFINANCE SERIES '98 false false false MCIDA-SERIES 2005A 521325841 557365CP6 2005-09-26 46388559 VARIOUS CONSTRUCTION PROJECTS false false false MCIDA-SERIES 2004A 521325841 557365BX0 2004-04-02 46570507 VARIOUS CONSTRUCTION PROJECTS false false false 0 0 30709683 0 0 0 471751 0 0 0 30212686 25246 false true false true 0 0 36552015 0 0 0 662077 0 0 9642762 20850672 5396504 true false false true 0 0 48639349 0 0 0 910822 457347 0 47271180 0 0 2007 false false true true 0 0 48434211 0 0 0 910530 635000 0 46888681 0 0 2007 false false true true false false false false 0.00000 0.00000 0.00000 true false false false false 0.00000 0.00000 0.00000 true false false false true true 0.00000 0.00000 0.00000 true false false true true false 0.01400 0.00000 0.01400 true false false false 0 false 0 false false false false false 0 false 0 false false false false false 0 false 0 false true false false false 0 true MORGAN STANLEY 3.4 true false false X See Schedule O for Part II lines 3, 7, and 11 explanations 0 MCIDA-SERIES 2003B 521325841 557365BU6 2003-08-06 20410579 VARIOUS CONSTRUCTION PROJECTS false false false MCIDA-SERIES 2003A 521325841 557365BK8 2003-04-09 16603499 REFINANCING OF SERIES 1993A false false false 1410000 18325000 20638040 0 0 0 392382 0 0 20245658 0 0 2007 false false true true 4710000 9745000 16603499 0 0 0 328366 0 0 0 16275133 0 true false true true false false false false 0.00000 0.00000 0.00000 true false false false false 0 true false false false 0 false 0 false false false false false 0 false 0 false false 33885 TUITION BENEFIT MARCELLE TYBURSKI SPOUSE OF SECRETARY 114824 see note 1 in part v below false SHARON POLANSKY SPOUSE OF PRESIDENT 91929 see note 1 in part v below false MURRAY DECOCK BROTHER-IN-LAW OF TRUSTEE 343946 see note 1 in part v below false harbourvest international pep III note 2 in part v below 50000 capital contributions false harbourvest international pep III note 2 in part v below 1112400 capital distributions false dover street vii note 2 in part v below 2825414 capital contributions false dover street vii note 2 in part v below 1424089 capital distributions false note 1 Fiscal year 2012 compensation as an employee of Colgate University. note 2 Colgate Trustee and Managing Director of the management company (HarbourVest Partners) which is general partner in this fund. X 3 922500 APPRAISAL X 2 2 APPRAISAL X 500 FMV X 2438 FMV X 323 3186741 FMV X 1 59000 APPRAISAL X 2 244 APPRAISAL X 2 570 FMV X 2 9089 APPRAISAL X EQUIPMENT 2 50453 FMV X MISCELLANEOUS 17 12986 FMV 3 false true true FORM 990, SCHEDULE M, PART I, COLUMN B BASED ON THE NUMBER OF CONTRIBUTIONS FORM 990, SCHEDULE M, PART I, LINE 32B ARRANGEMENTS WITH THIRD PARTIES OR RELATED ORGANIZATIONS: COLGATE UNIVERSITY GENERALLY USES JP MORGAN CHASE AND NORTHERN TRUST TO FACILITATE THE SALE OF PUBLICLY TRADED SECURITIES. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 & FORM 990, PART III, LINE 1 COLGATE UNIVERSITY'S MISSION IS TO PROVIDE A DEMANDING, EXPANSIVE EDUCATIONAL EXPERIENCE TO A SELECT GROUP OF DIVERSE, TALENTED, INTELLECTUALLY SOPHISTICATED STUDENTS WHO ARE CAPABLE OF CHALLENGING THEMSELVES, THEIR PEERS AND THEIR TEACHERS IN A SETTING THAT BRINGS TOGETHER LIVING AND LEARNING. THE educational mission of Colgate UNIVERSITY IS TO DEVELOP WISE, THOUGHTFUL, CRITICAL THINKERS AND PERCEPTIVE LEADERS BY ENCOURAGING YOUNG MEN AND WOMEN TO FULFILL THEIR POTENTIAL THROUGH RESIDENCE IN A COMMUNITY THAT VALUES ALL FORMS OF INTELLECTUAL RIGOR AND RESPECTS THE COMPLEXITY OF HUMAN UNDERSTANDING. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE HERLING AND KEY EMPLOYEE DECOCK HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WORKS TOGETHER WITH ITS TAX PROFESSIONALS TO GATHER THE REQUIRED INFORMATION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED WITH THE AUDIT COMMITTEE, MANAGEMENT, AND THE TAX PROFESSIONALS. ONCE THE REVIEW IS COMPLETED AND EDITS ARE MADE, A COMPLETE COPY OF THE UNIVERSITY'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER OF COLGATE UNIVERSITY IS REQUIRED TO DISCLOSE ANNUALLY, IN WRITING, ON COLGATE'S DISCLOSURE STATEMENT (A) ANY FINANCIAL OR BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMEBER, HAS WITH COLGATE OR ANY AFFILIATED ORGANIZATIONS OR (B) OTHER PERSONAL, FAMILY, FINANCIAL, OR BUSINESS RELATIONSHIPS THAT OTHERWISE COULD BE CONSTRUED TO AFFECT THE INDEPENDENCE, UNBIASED JUDGEMENT OF SUCH TRUSTEE OR OFFICER IN LIGHT OF HIS OR HER DECISION-MAKING AUTHORITY OR RESPONSIBILITIES FOR COLGATE. THE DISCLOSURE STATEMENTS ARE SUBMITTED TO THE TREASURER'S OFFICE, REVIEWED BY THAT OFFICE, OUTSIDE COUNSEL TO THE UNIVERSITY AND THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. A REPORT IS MADE TO THE FULL AUDIT COMMITTEE AND THE BOARD OF TRUSTEES. IN THE EVENT A POSSIBLE CONFLICT OF INTEREST IS IDENTIFIED, THE MATTER IS ADDRESSED INITIALLY WITH THE AUDIT COMMITTEE AND, IF NECESSARY, ULTIMATELY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 14 THE UNIVERSITY ADMINISTRATION HAS UNDERTAKEN TO EXAMINE THE EFFICACY OF A CAMPUS-WIDE DOCUMENT RETENTION AND DESTRUCTION POLICY INTENDED TO REPLACE INDIVIDUAL DEPARTMENT-LEVEL POLICIES. IF DEVELOPED, A PROPOSED CAMPUS-WIDE POLICY WILL BE SUBMITTED TO THE UNIVERSITY'S BOARD OF TRUSTEES FOR ITS APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A & 15B COLGATE UNIVERSITY HAS AN INDEPENDENT COMPENSATION COMMITTEE THAT ANNUALLY REVIEWS THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE CONSIDERS MARKET AND SURVEY DATA. THE COMMITTEE'S DELIBERATIONS ARE REFLECTED IN ITS MINUTES. FORM 990, PART VI, SECTION C - DISCLOSURE THE UNIVERSITY MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IV, Line 12a and b The University changed its fiscal year end from May 31 to June 30. Consolidated audited financial statements were issued for the 13 month period June 1, 2011 to June 30, 2012. According to the instructions to the Form 990, the University answered no to Part IV, Questions 12a and 12b. Form 990, Part XII, Line 2a and 2b The University changed its fiscal year end from May 31 to June 30. Consolidated audited financial statements were issued for the 13 month period June 1, 2011 to June 30, 2012. According to the instructions to the Form 990, the University answered no to Part XII, Questions 2a and 2b. FORM 990, PART XI, LINE 5 ELIMINATION OF LLC INVESTMENTS (19,622,622) SPLIT INTEREST AGREEMENTS 477,361 POSTRETIREMENT BENEFITS 5,016,800 OTHER (3,966,781) UNREALIZED LOSSES (32,867,174) ALUMNI CORP NET ASSETS (389,153) ONE MONTH FINANCIAL STATEMENT ACTIVITY NOT INCLUDED IN CURRENT FISCAL FORM 990 (9,277,935) TOTAL (60,629,504) FORM 990, PART VII HOURS WORKED FOR RELATED ORGANIZATION GUS P. COLDEBELLA HOURS WORKED FOR RELATED ORGANIZATION COLGATE UNIVERSITY ALUMNI CORPORATION - 2 HOURS PER WEEK. MICHAEL J. HERLING HOURS WORKED FOR RELATED ORGANIZATION COLGATE UNIVERSITY ALUMNI CORPORATION - 2 HOURS PER WEEK. TIMOTHY MANSFIELD HOURS WORKED FOR RELATED ORGANIZATION COLGATE UNIVERSITY ALUMNI CORPORATION - 6 HOURS PER WEEK. SCOTT A. MEIKLEJOHN HOURS WORKED FOR RELATED ORGANIZATION COLGATE UNIVERSITY ALUMNI CORPORATION - 1 HOURS PER WEEK. JUNG H. PAK HOURS WORKED FOR RELATED ORGANIZATION COLGATE UNIVERSITY ALUMNI CORPORATION - 2 HOURS PER WEEK. JAMES A. SMITH HOURS WORKED FOR RELATED ORGANIZATION COLGATE UNIVERSITY ALUMNI CORPORATION - 2 HOURS PER WEEK. JOANNE D. SPIGNER HOURS WORKED FOR RELATED ORGANIZATION COLGATE UNIVERSITY ALUMNI CORPORATION - 2 HOURS PER WEEK. form 990, schedule k, Part II Part II, Line 3 - The difference between total proceeds and issue price is investment earnings. Part II, Line 7 - The amounts on line 7 differ from prior years Schedule K as a result of reporting actual bond issuance costs as opposed to estimated amounts that were used to prepare the 8038 at the time of issuance. Part II, Line 11 - The other spent proceeds represent the refunding portion of the respective bond series. COLGATE INN LLC 11 PAYNE STREET HAMILTON NY 13346 161601117 LODGING/FOOD NY -520927 10281985 NA HAMILTON INITIATIVE LLC PO BOX 219 HAMILTON NY 13346 161584169 REAL ESTATE NY -381739 7496970 NA PALACE THEATER LLC PO BOX 207 HAMILTON NY 13346 010549094 ENTERTAINMENT NY -209400 1693432 NA HAMILTON THEATER LLC PO BOX 1895 7 LEBANON STREET HAMILTON NY 13346 050535870 MOVIE THEATER NY -104263 1106242 NA COLGATE ALUMNI CORPORATION INC 13 OAK DRIVE HAMILTON NY 13346 150532083 ALUMNI AFFAIR NY 501(c)(3) 11 NA false CHARITABLE ANNUITY TRUSTS - (4) SUPPORT NY NA TRUST CHARITABLE UNITRUSTS - (19) SUPPORT NY NA TRUST POOLED INCOME FUNDS - (3) 13 OAK DRIVE HAMILTON NY 13346 SUPPORT NY NA TRUST CRATs-CRUTs - Colgate is not the trustee SUPPORT NA TRUST false true false false false false false false false false false true true true false false false true pooled income funds r 445963 cash charitable unitrusts r 1292227 cash charitable annuity trusts r 287280 cash