2012-03-26T15:23:18-05:00 2011-06-30 LAMBRIDES ARNOLD MOULTHROP LLP 26 PARK ST STE 301 MONTCLAIR NJ 070423443 990 2010-07-01 141713034 BARD COLLEGE BARD 8457587511 30 CAMPUS ROAD ANNANDALEONHUDSON NY 125045000 KEVIN PARKER 8457587511 2012-03-26 true CORNELIUS SPITZER 9737448660 2012-03-26 2010 2016-02-24 21:20:13Z KEVIN PARKER 30 CAMPUS ROAD ANNANDALEONHUDSON NY 125045000 354003951 false X WWW.BARD.EDU X 1860 NY BARD COLLEGE SEEKS TO PROVIDE A CHALLENGING ACADEMIC PROGRAM AND A SUPPORTIVE ENVIRONMENT THAT FOSTERS A COLLABORATIVE INTERCHANGE OF IDEAS IN THE CLASSROOM AS WELL AS AMBITION TO ACHIEVE EXCELLENCE. 30 29 3563 184 0 56375425 129262257 120736437 125898279 1561134 20153552 2960164 2801832 181633160 278115920 40049888 44092055 0 79424256 87797316 304001 39000 2922861 67367533 69990670 187145678 201919041 -5512518 76196879 560540170 615412886 206083110 205352124 354457060 410060762 X BARD COLLEGE SEEKS TO PROVIDE A CHALLENGING ACADEMIC PROGRAM AND A SUPPORTIVE ENVIRONMENT THAT FOSTERS A COLLABORATIVE INTERCHANGE OF IDEAS IN THE CLASSROOM AS WELL AS AMBITION TO ACHIEVE EXCELLENCE. false false 178599760 46717885 128729336 BARD COLLEGE IS AN INDEPENDENT, COMPREHENSIVE LIBERAL ARTS COLLEGE LOCATED ON A PARK-LIKE CAMPUS THAT COVERS MORE THAN 500 ACRES OF FIELDS AND FORESTED LAND BORDERING THE HUDSON RIVER. BARD HAS DEVELOPED A NEW VISION AND MODEL OF THE LIBERAL ARTS COLLEGE, AS A CENTRAL BODY SURROUNDED BY SIGNFICANT INSTITUTES AND PROGRAMS - "SATELLITES" - THAT STRENGTHEN ITS CURRICULUM. WHILE IT IS FLEXIBLE ENOUGH TO INCLUDE PROGRAMS FOR RESEARCH, GRADUATE STUDY, COMMUNITY OUTREACH, AND OTHER CULTURAL AND EDUCATIONAL ACTIVITIES, THE UNDERGRADUATE PROGRAM REMAINS IT FOCUS. EACH SATELLITE PROGRAM IS DESIGNED TO ENHANCE THE UNDERGRADUATE COURSE OF STUDY BY OFFERING STUDENTS OPPORTUNITIES FOR INTERACTION WITH LEADING ARTISTS AND SCHOLARS. CONTINUED ON SCHEDULE O. IN ADDITION TO THE UNDERGRADUATE COLLEGE, BARD HAS UNDERTAKEN A NUMBER OF IMPORTANT EDUCATIONAL INITIATIVES THAT INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING: DURING 1979, BARD ASSUMED CONTROL AND OWNERSHIP OF SIMON'S ROCK EARLY COLLEGE (NOW CALLED BARD COLLEGE AT SIMON'S ROCK) IN GREAT BARRINGTON, MA. ALTHOUGH BARD AND SIMON'S ROCK REMAIN DISTINCT AND CARRY ON SEPARATE ACADEMIC PROGRAMS AT THEIR RESPECTIVE CAMPUSES, THE RELATIONSHIP BETWEEN THE TWO INSTITUTIONS GIVES BARD AN EXCEPTIONAL OPPORTUNITY TO APPLY ITS EXPERIENCE AS A LIBERAL ARTS COLLEGE TO THE DEVELOPMENT OF A STRONG CURRICULUM FOR YOUNGER STUDENTS. IN MARCH 1986, BARD ESTABLISHED THE LEVY ECONOMICS INSTITUTE OF BARD COLLEGE, WHICH IS DEDICATED TO IMPROVING THE HUMAN CONDITION THROUGH THE STUDY OF ECONOMICS AND THE GENERATION OF EFFECTIVE PUBLIC POLICY RESPONSES TO IMPORTANT PROBLEMS WORLDWIDE. DURING 1992, BARD ENTERED INTO AN OPERATING AGREEMENT WITH THE IRIS FOUNDATION TO ESTABLISH AND MAINTAIN THE BARD GRADUATE CENTER FOR STUDIES OF THE DECORATIVE ARTS, DESIGN, AND CULTURE (BGC). SINCE 1993, THE BGC HAS PRESENTED A UNIQUE, MULTIDISCIPLINARY, AND BROADLY INTERNATIONAL APPROACH TO THE STUDY OF THE DECORATIVE ARTS. THE BGC OFFERS A MASTER OF ARTS DEGREE IN THE HISTORY OF THE DECORATIVE ARTS AND A DOCTOR OF PHILOSOPHY DEGREE IN THE HISTORY OF THE DECORATIVE ARTS, DESIGN, AND CULTURE. IT SPONSORS SEVERAL MAJOR EXHIBITIONS ANNUALLY AND PRESENTS DIVERSE PUBLIC PROGRAMS FOR AUDIENCES RANGING FROM DECORATIVE ARTS PROFESSIONALS AND COLLECTORS TO SCHOOLCHILDREN. THE BGC IS LOCATED IN NEW YORK CITY, IN TWO BEAUX ARTS TOWNHOUSES CLOSE TO THE CITY'S LEADING MUSEUMS AND GALLERIES AND IN BARD HALL. DURING 2003, THE RICHARD B. FISHER CENTER FOR THE PERFORMING ARTS AT BARD COLLEGE (FISHER CENTER) WAS OPENED, OFFERING A WORLD-CLASS COMPLEX FOR INNOVATIVE ARTISTIC PRESENTATIONS. THE FISHER CENTER IS HOME TO BARD COLLEGE'S THEATER AND DANCE PROGRAMS, AS WELL AS THE BARD MUSIC FESTIVAL, AND HOST TO PERFORMANCES BY THE AMERICAN SYMPHONY ORCHESTRA. GENERALLY, THE FISHER CENTER PROVIDES AUDIENCES WITH A BOLD AND DYNAMIC ENVIRONMENT THAT INSPIRES RISK-TAKING PERFORMANCE AND PROVOCATIVE PROGRAMS IN ORCHESTRAL, CHAMBER, AND JAZZ MUSIC AND THEATER, DANCE AND OPERA BY AMERICAN AND INTERNATIONAL ARTISTS. 178599760 true true false false false false false true false true true false false true true false true true true true true true false true true false false true true true true false false false false false false false false true false true true false false false false false false false false true 3538 0 true 3563 true false true RS false false false true true false false false false X 30 29 false false false false false false false true true false false true true true true true true true true false MA NY X X BARD COLLEGE 8457587511 30 CAMPUS ROAD PO BOX 500 ANNANDALE ON HUDSON NY 125045000 LEON BOTSTEIN 60.00 X X 404296 0 106069 FIONA ANGELINI 1.00 X 0 0 0 DAVID C CLAPP 1.00 X 0 0 0 MARCELLE CLEMENTS 1.00 X 0 0 0 ASHER B EDELMAN 1.00 X 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42339 PETER MILLER 40.00 X 168460 0 26306 JACOB NEUSNER 40.00 X 165722 0 37384 STEPHEN SHORE 40.00 X 161113 0 44649 AURTHOR GIBBONS 40.00 X 147012 0 33972 2256316 527839 84 false true false SKADDEN ARPS SLATE MEAGHER & FLOM FOUR TIMES SQUARE NEW YORK NY 10036 LEGAL 306973 B&B ELECTRIC 1 W MARKET ST 308 RED HOOK NY 12571 ELECTRICAL 300510 KPMG LLP 515 BROADWAY ALBANY NY 122072974 AUDITING SERV 122000 CANTELE TENT RENTALS 37 BENDER BLVD GHENT NY 12075 EQUIPMNT RENTAL 109299 FLOODS SANITATION 200 BEILKE ROAD MILLERTON NY 125464946 SANITATION 109070 6 323443 3230886 125707928 7375201 129262257 TUITION & FEES 611310 102771793 102771793 ROOM CHARGES 611710 10789646 10789646 BOARD CHARGES 611710 10371687 10371687 OTHER CHARGES 611710 1401943 1401943 ATHLETIC CENTER CHARGES 611710 563210 563210 125898279 11334119 11334119 84574537 75755104 8819433 8819433 8819433 103702 323443 132927 -29225 -29225 OTHER REVENUE 900099 2139944 2139944 TICKET SALES FOR PERFORMANCES 900099 691113 691113 2831057 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201919041 76196879 -20593177 -20593177 55603702 257655670 -20593177 132927 -20460250 278115920 278115920 202051968 132927 132927 201919041 201919041 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 THE AVAILABILITY OF THE COLLECTIONS ALLOWS THE COLLEGE TO INCREASE ITS EFFECTIVENESS AND OFFERINGS IN THE INSTRUCTION OF ART HISTORY, AS WELL AS GENERAL LIBERAL ARTS STUDIES. THE COLLECTIONS OF ARTWORK WERE DONATED TO THE COLLEGE. INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 IN 1996, THE COLLEGE RECEIVED AN INITIAL GIFT FROM A DONOR THAT ESTABLISHED THE "BARD ENDOWMENT" WITH THE IRIS FOUNDATION. THE INITIAL AND SUBSEQUENT GIFTS WERE IN THE FORM OF SHARES IN A PRIVATELY OWNED HEDGE FUND, AND ARE HELD BY THE IRIS FOUNDATION FOR SOLE BENEFIT OF THE COLLEGE TO BE USED FOR ITS GRADUATE PROGRAM IN THE DECORATIVE ARTS (BGC). SINCE THE INITIAL GIFT IN 1996, THERE HAVE BEEN SEVERAL AGREEMENTS IN PLACE UNDER WHICH THE BARD ENDOWMENT HAS BEEN GOVERNED, THE LATEST OF WHICH IS DATED OCTOBER 6, 2004. UNDER THE AFOREMENTIONED AGREEMENT, THE IRIS FOUNDATION MUST HOLD THE ASSETS AND RELATED INCOME AND APPRECIATION IN A SEPERATE ENDOWMENT FUND FOR THE BENEFIT OF THE BGC. THE TRUSTEES OF THE IRIS FOUNDATION RETAIN SOLE DISCRETION TO DETERMINE THE INVESTMENT FUNDS OF THE ENDOWMENT AT ALL TIMES. THE COLLEGE HAS THE RIGHT TO REQUEST ANY PART OR ALL OF THE BARD ENDOWMENT SUBSEQUENT TO STATED CONDITIONS IN THE AGREEMENT. THE COLLEGE USES ITS OTHER ENDOWMENT FUNDS TO SUPPORT SCHOLARSHIPS, FACULTY SALARIES, AND OTHER PROGRAMS IN WHICH THE ENDOWMENTS HAVE SPECIFIED. IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE ENDOWMENT FUNDS, THE COLLEGE ACTS IN GOOD FAITH, WITH THE CARE THAT AN ORDINARY PRUDENT PERSON IN A LIKE POSITION WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 FUNDRAISING EVENT EXPENSES 132,927 FUNDRAISING EVENT EXPENSES -132,927 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EVENT EXPENSES 132,927 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D FUNDRAISING EVENT EXPENSES 132,927 true true true true true true true false false false false false false false false true false true FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENT AGENCIES WERE USED TO PROVIDE ASSISTANCE TO STUDENTS ATTENDING THE COLLEGE IN PAYMENT OF TUITION AND FEES true RUSSIA 3 PROGRAM SERVICES ACADEMIC SUPPORT 370776 PALESTINE PROGRAM SERVICES ACADEMIC SUPPORT 116650 3 3 487426 487426 RUSSIA SUPPORT 370776 WIRE TRANSFER 1 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PAGE 1, PART I, LINE 2 RUSSIA - BARD COLLEGE RECEIVES REQUESTS FOR FUNDS FROM SMOLNY COLLEGE WITH SPECIFIC LINE ITEM AMOUNTS FOR EACH EXPENDITURE. THAT REQUEST IS THEN REVIEWED AND APPROVED BY THE DIRECTOR OF THE INSTITUTE OF INTERNATIONAL LIBERAL EDUCATION OF BARD COLLEGE AND THE CONTROLLER TWICE PER YEAR. AN INTERNATIONAL BOARD OF OVERSEERS MEET TO REVIEW AMONG OTHER THINGS, A FINANCIAL REPORT FROM SMOLNY COLLEGE. SMOLNY COLLEGE IS A PART OF ST PETERSBURG UNIVERSITY, WHICH IS A PART OF THE STATE UNIVERSITY SYSTEM IN RUSSIA. PALESTINE - BARD COLLEGE RECEIVES REQUESTS FOR FUNDS FROM THE AL QUDS BARD MANAGER OF FINANCE AND ADMINISTRATION EACH SEMESTER. THE REQUESTS INCLUDES ITEMIZED BREAKDOWN OF EXPENSES AND ACCEPTABLE SUPPORTING DOCUMENTATION (I.E. CHECK STUBS AND EXPENSE RECEIPTS). BARD COLLEGE'S AL QUDS PROGRAM MANAGER (HOUSED ON THE BARD U.S. CAMPUS) REVIEWS AND APPROVES THE REQUESTS. X X X X X X X true COMMUNITY COUNSELING PO BOX 27462 NEW YORK NY 100877462 CONSULTING false 39000 -39000 39000 -39000 NY MA CCS GALA 237570 162700 74870 72566 BARD MUSIC FEST 149400 132219 17181 34151 1 40175 28524 11651 26210 427145 323443 103702 132927 132927 -29225 true AMERICAN SYMPHONY ORCHESTRA 263 W 38TH STREET 10TH FLOOR NEW YORK NY 10018 131969375 501 300000 SUPPORT 1 BARD UNDERGRADUATE 1336 32358498 BARD GRADUATE 294 3827151 SIMON'S ROCK UNDRGRADUATE 337 7235630 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE COLLEGE REVIEWS ALL OF AMERICAN SYMPHONY ORCHESTRA'S EXPENDITURES FOR WHICH IT'S GRANTS ARE INTENDED. ASSISTANCE FOR INDIVIDUAL STUDENTS IS PROVIDED THROUGH FEDERAL, STATE AND COLLEGE PROGRAMS AND EXTERNAL AGENCIES. THE COLLEGE ADMINISTERS THESE PROGRAMS. TYPICALLY, FINANCIAL AID FUNDS ADMINISTERED BY THE COLLEGE ARE AWARDED ON THE BASIS OF FINANCIAL NEED (AS DETERMINED BY THE FEDERAL GOVERNMENT DEPARTMENT OF EDUCATION, STATE AGENCIES, THE COLLEGE SCHOLARSHIP SERVICES, AND BARD COLLEGE), ACADEMIC ACHIEVEMENT, AND PROMISE. THE COLLEGE'S OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR AWARDING AND MONITORING FEDERAL AND STATE FINANCIAL AID DISTRIBUTIONS. STUDENTS APPLY FOR FINANCIAL AID BY COMPLETING A FAFSA FORM WHICH DETERMINES ELIGIBILITY. STUDENT ELIGIBILITY IS PERIODICALLY MONITORED TO ENSURE THAT GRANT AWARDS ARE USED FOR THEIR INTENDED PURPOSE. X X true true X X X X X false false false false false false false false false LEON BOTSTEIN 404296 79893 26176 510365 334740 DIMITRI PAPADIMITRIOU 290000 80625 18610 389235 275592 JAMES BRUDVIG 192187 19359 10093 221639 182198 MARY MARCY 178954 17895 15795 212644 170407 MICHELE DOMINY 173142 17641 16542 207325 171739 DEBRA PEMSTEIN 169908 18024 22536 210468 168663 THOMAS ECCLES 205522 21166 21173 247861 194355 PETER MILLER 168460 16646 9660 194766 164000 JACOB NEUSNER 165722 21088 16296 203106 164537 STEPHEN SHORE 161113 20322 24327 205762 159287 AURTHOR GIBBONS 147012 11388 22584 180984 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A THE PRESIDENT AND EXECUTIVE VICE PRESIDENT OF THE COLLEGE ARE PROVIDED HOUSING AND MAID SERVICE VALUED AT 49,000 AND 43,000 RESPECTIVELY. THE VICE PRESIDENT OF ACADEMIC AFFAIRS IS ALSO PROVIDED HOUSING AND MAID SERVICES VALUED AT 18,500. HOUSING IS PROVIDED TO THE PRESIDENT, EXECUTIVE VICE PRESIDENT AND VICE PRESIDENT OF ACADEMIC AFFAIRS TO HOST AND HOLD CAMPUS EVENTS. THE CUSTODIAL SERVICE IS PROVIDED TO MAINTAIN THE HOUSING. THESE AMOUNTS ARE NOT INCLUDED AS TAXABLE COMPENSATION. DUCHESS CO INDUSTRIAL DEVELOPMENT 141613685 267041GD7 2007-05-11 138397245 FINANCE CONSTRUCTION false false false MA DEVELOPMENT FINC AGENCY 043431814 57583RMK8 2007-05-11 3952817 FINANCE CONSTRUCTION false false false 1420000 138397245 3997225 2549176 38107060 93743784 2009 true true true true 45000 3952817 117110 54313 3781394 2007 true false true true false false false false true true false false false false true true false false false true CITIGROUP 35.0 true false true false false false true CITIGROUP 35.0 true false true OURANIA ANTONOPOULOS-PAPADIMITRIOU SPOUCE EXEC VP 80178 EMPLOYEE COMPENSATN false KATHERINE GOULD-MARTIN SPOUCE VP ACAD 37566 EMPLOYEE COMPENSATN false MARTIN SOSNOFF TRUSTEE INVESTMENTS false ADDITIONAL INFORMATION SCHEDULE L PART V MARTIN SOSNOFF PROVIDES INVESTMENT MANAGEMENT SERVICES FREE OF CHARGE TO BARD COLLEGE X 2 4000000 FAIR MARKET VALUE X 28 3375201 FAIR MARKET VALUE true true true CONTRIBUTIONS THAT MUST BE HELD FOR AT LEAST THREE YEARS SCHEDULE M, PAGE 1, PART I, LINE 30A THE COLLEGE RECEIVED A DONATION OF WORKS OF ART THAT IT AGREED TO HOLD FOR 3 YEARS. THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS SCHEDULE M, PAGE 1, PART I, LINE 32B THE COLLEGE'S INVESTMENTS ARE MANAGED BY VARIOUS BROKERAGES AND GIFTS OF SECURITIES WOULD BE RECEIVED AND HELD OR SOLD BY ONE OF THESE BROKERS. FIRST ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A IN ADDITION TO THE UNDERGRADUATE COLLEGE, BARD HAS UNDERTAKEN A NUMBER OF IMPORTANT EDUCATIONAL INITIATIVES THAT INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING: DURING 1979, BARD ASSUMED CONTROL AND OWNERSHIP OF SIMON'S ROCK EARLY COLLEGE (NOW CALLED BARD COLLEGE AT SIMON'S ROCK) IN GREAT BARRINGTON, MA. ALTHOUGH BARD AND SIMON'S ROCK REMAIN DISTINCT AND CARRY ON SEPARATE ACADEMIC PROGRAMS AT THEIR RESPECTIVE CAMPUSES, THE RELATIONSHIP BETWEEN THE TWO INSTITUTIONS GIVES BARD AN EXCEPTIONAL OPPORTUNITY TO APPLY ITS EXPERIENCE AS A LIBERAL ARTS COLLEGE TO THE DEVELOPMENT OF A STRONG CURRICULUM FOR YOUNGER STUDENTS. IN MARCH 1986, BARD ESTABLISHED THE LEVY ECONOMICS INSTITUTE OF BARD COLLEGE, WHICH IS DEDICATED TO IMPROVING THE HUMAN CONDITION THROUGH THE STUDY OF ECONOMICS AND THE GENERATION OF EFFECTIVE PUBLIC POLICY RESPONSES TO IMPORTANT PROBLEMS WORLDWIDE. DURING 1992, BARD ENTERED INTO AN OPERATING AGREEMENT WITH THE IRIS FOUNDATION TO ESTABLISH AND MAINTAIN THE BARD GRADUATE CENTER FOR STUDIES OF THE DECORATIVE ARTS, DESIGN, AND CULTURE (BGC). SINCE 1993, THE BGC HAS PRESENTED A UNIQUE, MULTIDISCIPLINARY, AND BROADLY INTERNATIONAL APPROACH TO THE STUDY OF THE DECORATIVE ARTS. THE BGC OFFERS A MASTER OF ARTS DEGREE IN THE HISTORY OF THE DECORATIVE ARTS AND A DOCTOR OF PHILOSOPHY DEGREE IN THE HISTORY OF THE DECORATIVE ARTS, DESIGN, AND CULTURE. IT SPONSORS SEVERAL MAJOR EXHIBITIONS ANNUALLY AND PRESENTS DIVERSE PUBLIC PROGRAMS FOR AUDIENCES RANGING FROM DECORATIVE ARTS PROFESSIONALS AND COLLECTORS TO SCHOOLCHILDREN. THE BGC IS LOCATED IN NEW YORK CITY, IN TWO BEAUX ARTS TOWNHOUSES CLOSE TO THE CITY'S LEADING MUSEUMS AND GALLERIES AND IN BARD HALL. DURING 2003, THE RICHARD B. FISHER CENTER FOR THE PERFORMING ARTS AT BARD COLLEGE (FISHER CENTER) WAS OPENED, OFFERING A WORLD-CLASS COMPLEX FOR INNOVATIVE ARTISTIC PRESENTATIONS. THE FISHER CENTER IS HOME TO BARD COLLEGE'S THEATER AND DANCE PROGRAMS, AS WELL AS THE BARD MUSIC FESTIVAL, AND HOST TO PERFORMANCES BY THE AMERICAN SYMPHONY ORCHESTRA. GENERALLY, THE FISHER CENTER PROVIDES AUDIENCES WITH A BOLD AND DYNAMIC ENVIRONMENT THAT INSPIRES RISK-TAKING PERFORMANCE AND PROVOCATIVE PROGRAMS IN ORCHESTRAL, CHAMBER, AND JAZZ MUSIC AND THEATER, DANCE AND OPERA BY AMERICAN AND INTERNATIONAL ARTISTS. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B RUSSIA ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING, A DRAFT OF THE 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN REPORTS TO THE FULL BOARD THAT THEY HAVE APPROVED THE 990 FOR FILING. A COPY OF THE FINAL 990 IS PROVIDED TO THE BOARD. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW ANNUALLY AN UPDATED CONFLICT OF INTEREST POLICY AND DISCLOSURE, WITH A SIGNATURE PAGE THAT IS REQUIRED TO BE SIGNED AND RETURNED TO THE ORGANIZATION AND KEPT ON FILE. APPROPRIATE ACTIONS ARE TAKEN IF NECESSARY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION IS DETERMINED ON THE BASIS OF PERFORMANCE EVALUATION, SENIORITY, AND COMPENSATION COMPARISONS WITH OTHER COLLEGES. THE PRESIDENT'S COMPENSATION PACKAGE IS REPORTED TO THE BOARD BY THE COMPENSATION COMMITTEE AT A REGULAR BOARD MEETING. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IS DETERMINED BY THE PRESIDENT ON THE BASIS OF PERFORMANCE EVALUATION, SENIORITY, AND COMPENSATION COMPARISONS AT OTHER COLLEGES AND POLICY INSTITUTES. OTHER OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE PRESIDENT AND/OR EXECUTIVE VICE PRESIDENT ON THE BASIS OF PERFORMANCE EVALUATIONS, SENIORITY, AND COMPENSATION COMPARISONS AT OTHER COLLEGES AVAILABLE FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA). GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS OF BARD COLLEGE ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE COLLEGE'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 THE COLLEGE RECORDED UNREALIZED LOSS FROM BENEFICIAL INTEREST IN BARD ENDOWMENT TRUST OF 20,597,368 AND UNREALIZED GAIN FROM INVESTMENTS OF 4,191.