2012-05-16T11:11:51-00:00 2011-06-30 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2010-07-01 042103558 College of the Holy Cross COLL 5087932514 1 College Street Worcester MA 016102395 Michael J Lochhead 2012-05-15 true 6179881000 2010 2016-02-24 21:20:13Z Philip Boroughs SJ 1 College Street Worcester MA 016102395 343825792 false X holycross.edu X 1905 MA Holy Cross is a private, Jesuit liberal arts college dedicated to the pursuit of excellence in teaching, learning, service of faith and promotion of justice. Holy Cross is a private, Jesuit liberal arts college dedicated to the pursuit of excellence in teaching, learning, service of faith and promotion of justice. 34 32 3273 250 384974 -1020256 21389940 16812852 148835559 153901056 19876954 38476299 271792 281598 190374245 209471805 36221417 38103566 0 82707875 87262759 0 6438446 59315800 57689058 178245092 183055383 12129153 26416422 798803213 883508989 223014034 211220493 575789179 672288496 X THE COLLEGE IS DEDICATED TO FORMING A COMMUNITY WHICH SUPPORTS THE INTELLECTUAL GROWTH OF ALL ITS MEMBERS WHILE OFFERING OPPORTUNITIES FOR SPIRITUAL AND MORAL DEVELOPMENT. SEE SCH O. false false 159647278 38103566 150758057 THE COLLEGE IS A COMMUNITY OF 2,872 FULL TIME AND 65 PART TIME STUDENTS FOR THE ACADEMIC YEAR ENDING IN MAY 2011. THE STUDENT POPULATION IS 47 MEN AND 53 WOMEN, 23 OF THE CLASS OF 2015 ARE OF AFRICAN, LATIN, ASIAN OR NATIVE AMERICAN HERITAGE. IN 2010-2011 THERE WERE 696 INDIVIDUALS WHO COMPLETED THEIR MATRICULATION AND RECEIVED AN A.B. DEGREE. FINANCIAL ASSISTANCE WAS PROVIDED TO 1,750 STUDENTS. THE COLLEGE ADMITS QUALIFIED STUDENTS BASED ON THEIR APPLICATION, HIGH SCHOOL REPORT, AND TEACHER REFERENCES. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, AGE OR HANDICAP IN ITS EDUCATIONAL, ADMISSIONS OR FINANCIAL AID POLICIES OR PROGRAMS. SEE SCH O. 1704090 3142999 BASIC RESEARCH IN CHEMISTRY, PHYSICS, PSYCHOLOGY AND BIOLOGY. THE MAJORITY OF THE RESEARCH IS FUNDED BY PRIVATE GRANTS FROM FOUNDATIONS AND THE BALANCE OF THE FUNDING IS PROVIDED BY THE U.S. GOVERNMENT. SEE SCH O. 161351368 true true false true false true true true true true true false false true true true false true true true false true false true false false false true true true false false false false false false false false false true true false false false true true true true false false true 4273 0 true 3273 true true true true GK false false false true true false false false false X 34 32 false false false false false false false true true false false true true true true true true true true true false NH MA X X Charles F Estaphan 5087932514 1 College Street Worcester MA 016102395 Michael McFarland 045.00 X X 0 0 0 Michael Lochhead 045.00 X 264677 0 56863 William Durgin 045.00 X 849285 0 48441 Michael Perry 045.00 X 244530 0 36674 Jacqueline Peterson 045.00 X 165256 0 40653 Frank Vellaccio 045.00 X 258315 0 54011 Timothy Mines 045.00 X 151376 0 26459 Timothy Austin 045.00 X 214275 0 23727 Timothy Jarry 045.00 X 185298 0 41289 Kevin T FitzGerald 005.00 X 0 0 0 Ronald Amiot SJ 005.00 X 0 0 0 Robert Atchinson 005.00 X 0 0 0 John F Baldovin SJ 005.00 X 0 0 0 Philip L Boroughs SJ 005.00 X 0 0 0 Thomas H Carey 005.00 X 0 0 0 Gregory C Chisholm SJ 005.00 X 0 0 0 Michael E Daniels 005.00 X 0 0 0 William M Doran Jr 005.00 X 0 0 0 Robert S Morrison 005.00 X 0 0 0 James J Collins 005.00 X 0 0 0 John B Fisher 005.00 X 0 0 0 Maria Eugenia Ferre Rangel 005.00 X 0 0 0 Joan Hogan Gillman 005.00 X 0 0 0 David J Grain 005.00 X 0 0 0 Yachira Torres 005.00 X 0 0 0 Mark G Holowesko 005.00 X 0 0 0 Kathleen McLaughlin LaCroix 005.00 X 0 0 0 P Kevin Condron 005.00 X 0 0 0 Brian F Linnane SJ 005.00 X 0 0 0 Edward J Ludwig 005.00 X 0 0 0 John E Luth 005.00 X 0 0 0 John J Mahoney Jr 005.00 X 0 0 0 Mary Coffey Moran 005.00 X 0 0 0 William J Teuber 005.00 X 0 0 0 Bernadette M Semple 005.00 X 0 0 0 Jonathan Niconchuk 005.00 X 0 0 0 Park B Smith 005.00 X 0 0 0 David A Spina 005.00 X 0 0 0 Nancy M Taylor 005.00 X 0 0 0 Donna M Winn 005.00 X 0 0 0 Mary Murphy Westover 005.00 X 0 0 0 Richard Regan Jr 045.00 X X 188915 0 40102 William Gibbons 040.00 X 176722 0 41579 Mary Lee Ledbetter 040.00 X 248179 0 32197 Milan Brown 040.00 X 221426 0 33926 Robert Grenon 040.00 X 195224 0 21999 Sean Kearney 040.00 X 289215 0 28691 Dorothy Hauver 045.00 X 0 0 0 3652693 526611 81 true true false Fontaine Brothers Inc 510 Cottage Street Springfield MA 01104 General Contractor 11085085 Bond Brothers 145 Spring Street Everett MA 02149 General Contractor 3075129 Burton F Clark Inc 41155 State Highway 10 Delhi NY 13753 General Contractor 1184364 Worcester Polytechnic Institute 100 Institute Road Worcester MA 01609 Contractual Exempt Work 1046960 Builders Systems Inc 135 Southbridge Street Auburn MA 01501 General Contractor 916732 48 296564 3142999 13373289 2191246 16812852 Tuition and fees 611600 114473109 114473109 Room and board 611710 26320406 26320406 Sales of auxiliary services 722320 5540948 1408296 4132652 Athletics 611710 1618739 1618739 Grants and student aid revenue 611710 3432841 3432841 2515013 2515013 153901056 5819177 -1043715 6862892 98440 98440 167643 167643 167643 167643 166824837 134266155 32558682 32558682 32558682 55467 296564 87832 -32365 -32365 Other income 900099 146320 20393 125927 146320 209471805 148360108 384974 43913871 0 37150711 37150711 952855 952855 0 3585841 450707 2400685 734449 0 59864954 52619844 4836314 2408796 6835800 5483643 1069868 282289 12539536 11513450 425352 600734 4436628 3559040 694375 183213 0 111908 77097 34811 284974 284974 0 1228607 1228607 3077164 1654847 1059103 363214 88440 44501 40938 3001 6902248 5354465 473520 1074263 1744039 1067529 582297 94213 0 7561649 6827393 634424 99832 3302819 2944778 199664 158377 0 516403 423803 85352 7248 7121764 6429654 692110 0 12628535 10458519 2170016 781942 71230 691181 19531 Study abroad program 3632990 3632990 Food and functions 4284868 3523450 313754 447664 Bad debt 840993 778969 62024 Cost of good sold 2158058 2158058 Membership dues 487544 261092 202082 24370 934113 3989840 -2958169 -97559 183055383 161351368 15265568 6438446 12205 12265 50403215 41507808 7733005 6553077 441503 399055 6785564 7293147 484609 583592 1811910 2234457 390412198 182039732 195712394 208372466 152883080 209977331 382081192 406574052 454536 1739 798803213 883508989 28081341 25314707 6919927 5309875 168289903 162560255 1288740 1151328 18434123 16884328 223014034 211220493 X 290890578 341610786 135446217 177385344 149452384 153292366 575789179 672288496 798803213 883508989 X 26416422 70082895 X false true true X true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 902 902 147564530 147565432 1000000 250000 1000000 1000000 1000000 3000000 4500000 97432 72866 902 171200 250000 250000 500000 750000 902 902 II-B DURING THE YEAR THE COLLEGE DID NOT ENGAGE IN ANY LOBBYING TO INFLUENCE A LEGISLATIVE BODY. HOWEVER, THE COLLEGE HOSTED A MEETING OF LEADERS OF THE DEAF COMMUNITY TO DISCUSS THE ISSUE OF PENDING STATE BUDGET CUTS. COSTS OF THIS MEETING INCLUDED A PORTION OF THE SALARY OF THE PLANNERS, FOOD, INTERPRETERS, AND TRANSPORTATION AND TOTALLED 902. THE COLLEGE HAS AN EMPLOYEE THAT IS A REGISTERED LOBBYIST WHOSE ONLY LOBBYING ACTIVITY RELATED TO THE ABOVE MEETING AND WAS LESS THAN FIVE HOURS OF HIS II-B TIME DURING THE YEAR. II-B THE COLLEGE PAYS DUES TO SOME EDUCATIONAL ASSOCIATIONS. A PORTION OF THESE DUES MAY OR MAY NOT BE ATTRIBUTABLE TO LOBBYING ON BEHALF OF THE ASSOCIATIONS MEMBERS. THE COLLEGE IS UNABLE TO DETERMINE WHAT PORTION OF THESE DUES, IF ANY, IS RELATED TO LOBBYING. X 1 true 669405 X X X false false true 522493344 8654234 100650889 5436053 16230869 2418857 607712688 492679761 4789778 48461840 4669581 16081612 2686842 522493344 617249034 15989246 -116117375 5141085 15739660 3560399 492679761 0.50000 0.50000 false false 3709109 3709109 302348351 123733948 178614403 50157690 40408117 9749573 34197048 17897667 16299381 208372466 Hedge funds 233233645 F Private equity 130263247 F Real assets 41808140 F Other investments 1269020 F 406574052 Refundable U.S. Government Grants-Department of Education Perkins Loan Program 5079383 Annuity obligation on deferred giving agreements 5107313 Interest rate swap 6697632 16884328 209471805 183055383 26416422 64133984 5948911 70082895 96499317 240708722 64133984 8972621 73106605 167602117 2242507 39627181 41869688 209471805 144209405 3024841 3024841 141184564 2242507 39628312 41870819 183055383 II 9 THE COLLEGE HAS NOT RECEIVED ANY GIFT OF PROPERTY SUBJECT TO A CONSERVATION EASEMENT AND THEREFORE DOES NOT REPORT CONSERVATION EASEMENTS IN ITS REVENUE AND EXPENSE STATEMENT OR BALANCE SHEET. THE COLLEGE DOES OWN BUILDINGS THAT ARE PART OF THE HISTORIC REGISTER AND THEREFORE SUBJECT TO RESTRICTIONS REGARDING THEIR PRESERVATION. II 9 THE COLLEGE POLICY IS TO MAINTAIN CAMPUS PROPERTY IN A GOOD AND SOUND STATE OF REPAIR AND TO MAINTAIN ALL PROPERTY, INCLUDING THOSE SUBJECT TO CONSERVATION EASEMENT, AT A LEVEL SO AS TO PREVENT DETERIORATION AND PRESERVE THE ARCHITECTURAL AND HISTORICAL INTEGRITY OF CAMPUS BUILDINGS AND GROUNDS IN WAYS THAT MAKE THE CAMPUS ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES. ALL BUILDINGS AND LAND SUBJECT TO A CONSERVATION EASEMENT ARE LOCATED ON THE MAIN CAMPUS, OWNED BY THE II 9 COLLEGE AND REGULARLY USED BY THE CAMPUS COMMUNITY. THEY ARE CONSTANTLY MONITORED AND INSPECTED TO ENSURE THE PRESERVATION OF THE HISTORIC STRUCTURES. III 4 THE GALLERY EXISTS TO PROMOTE AND SUPPORT THE INTELLECTUAL AND CULTURAL LIFE OF THE COLLEGE AND IS OPEN TO THE GENERAL PUBLIC. THE GALLERY SERVES AS A CATALYST IN THE SEARCH FOR MEANING AND VALUE IN LIFE AND HISTORY WITH A SPECIAL RESPONSIBLITY FOR INTEGRATING THE LIBERAL ARTS VALUES OF THE COLLEGE WITH THE CLASSROOM BY LINKING EXHIBITIONS TO THE BROADER CURRICULUM. THE GALLERY BOASTS MORE THAN 400 OBJECTS IN ITS PERMANENT COLLECTION. THE PERMANENT COLLECTION REPRESENTS A BROAD SPECTRUM OF III 4 ART AND HISTORICAL PERIODS INCLUDING SOUTHEAST ASIAN TEXTILES, NOTABLE WORKS BY RODIN, PLAZZOTTA, GROSS, GRIPPE, AND BEAUCHAMPE, PHOTOGRAPHS BY MARILYN BRIDGES AND PAUL CAPONIGRO, PAINTINGS, PRINTS AND DRAWINGS BY MICHAEL BEATTY, ROBERT BEAUCHAMPE, FRANCIS BONIV, TERRI PRIEST AND OTHERS. IV 2b AGENCY FUNDS ARE HELD BY THE COLLEGE AS CUSTODIAN OR FISCAL AGENT. FUNDS MAY BE HELD FOR RECOGNIZED FACULTY, STAFF, STUDENT OR ALUMNI ORGANIZATIONS THAT ARE COLLECTED FROM ACTIVITY FEES, DUES OR FUNDRAISING. THE FUNDS ARE DEPOSITED WITH THE COLLEGE FOR SAFEKEEPING TO BE USED OR WITHDRAWN BY THE DEPOSITOR UPON PROPER AUTHORIZATION AND DOCUMENTATION. EXPENDITURES FROM THE FUNDS ARE USED PRIMARILY TO FUND STUDENT ACTIVITIES, TRIPS AND PROJECTS OF INTEREST TO THE STUDENTS OR TO SUPPORT COLLEGE IV 2B PROGRAMS. EACH AGENCY FUND IS PROVIDED A UNIQUE COST CENTER ESTABLISHED IN THE COLLEGES FINANCIAL RECORDS. THESE COST CENTERS PROVIDE A SAFE, SECURE, AND CONVENIENT METHOD OF ACCOUNTING FOR AND ADMINISTERING THESE FUNDS. ALL CUSTODIAL FUNDS FOLLOW THE EXPENDITURE POLICIES AND PROCEDURES OUTLINED BY THE COLLEGE. V 4 THE COLLEGES ENDOWMENT CONSISTS OF APPROXIMATELY 800 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGES ENDOWMENT FUND SUPPORTS THE FOLLOWING AREAS FINANCIAL AID FOR STUDENTS ATTENDING THE COLLEGE, TEACHING, ACADEMIC SUPPORT, STUDENT SERVICES AND ATHLETIC PROGRAMS. V 4 THE COLLEGE ENDOWMENT INCLUDES MANY INDIVIDUAL FUNDS THAT ARE RESTRICTED TO SUPPORT STUDENT FINANCIAL AID MAKING A COLLEGE EDUCATION AFFORDABLE TO THOSE WHO HAVE DEMONSTRATED NEED. FACULTY CHAIRS OR PROFESSORSHIPS ARE ANOTHER LEADING PURPOSE FOR WHICH INDIVIDUAL ENDOWMENT FUNDS ARE DEDICATED. LIKE ENDOWMENT FUNDS FOR STUDENT SCHOLARSHIPS, INVESTMENT INCOME EARNED BY FACULTY ENDOWMENT FUNDS IS USED TO FUND A PROFESSORS SALARY. ENDOWED PROFESSORSHIPS ARE OFTEN AWARDED TO LEADING SCIENTISTS AND V 4 SCHOLARS WHO ARE CONTRIBUTING SIGNIFICANTLY TO TEACHING IN THEIR RESPECTIVE DISCIPLINES. ANOTHER PURPOSE FOR WHICH ENDOWMENT FUNDS ARE RESTRICTED IS SCIENTIFIC AND SCHOLARLY RESEARCH. THE COLLEGE IS INCREASINGLY RELYING ON ITS OWN RESOURCES TO ASSIST NEW FACULTY IN DEVELOPING THEIR RESEARCH PROGRAMS BECAUSE FEDERAL FUNDS HAVE LAGGED. THE COLLEGE HAS RECEIVED MANY GIFTS TO CONSTRUCT AND SUSTAIN NEW SCIENTIFIC OR OTHER ACADEMIC FACILITIES, AND ENDOWMENT SUPPORT IS PARTICULARLY IMPORTANT FOR true true true true true true true false false false false false false false false true false true Part I 6A THE COLLEGE PARTICIPATES IN THE TITLE IV PROGRAM FOR CAMPUS WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, THE PERKINS LOAN PROGRAM, DIRECT LENDING, SMART GRANTS, PELL GRANTS AND ACADEMIC COMPETITIVENESS GRANTS ADMINISTERED BY THE US DEPARTMENT OF EDUCATION. THE COLLEGE IS ALSO PARTICIPATING IN SEVERAL GRANTS WITH THE NATIONAL SCIENCE FOUNDATION TO PROVIDE STEM GRANTS TO STUDENTS STUDYING MATH OR SCIENCES AS A MAJOR. true Central America and the Caribbean Program services Attend College Abroad 89892 East Asia and the Pacific Program services Attend College Abroad 671385 Europe 90 Program services Attend College Abroad 2587562 South America 3 Program services Attend College Abroad 130216 Sub-Saharan Africa Program services Attend College Abroad 13017 Middle East and North Africa Program services Attend College Abroad 1990 Central America and the Caribbean Investments 171436646 Europe Investments 14361982 93 93 189292690 189292690 true false false true true false I 2 THE COLLEGE MANAGES ALL RELATIONSHIPS WITH INTERNATIONAL HOST INSTITUTIONS DIRECTLY AND CONDUCTS PERIODIC EVALUATIONS OF THE PROGRAMS. STUDENTS ARE BILLED TUITION BY HOLY CROSS. THE COLLEGE MANAGES ALL ASPECTS OF THE PROGRAM AND ITS COSTS PROVIDING FOR ADVISORS, LINGUISITIC SUPPORT AND TUTORIAL ASSISTANCE. PROGRAM COSTS, OTHER THAN SCHOLARSHIPS, ARE TRACKED BY PROGRAM LOCATION. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ATTENDING PROGRAMS ABROAD USING THE SAME METHODOLOGY THAT IS APPLIED TO 1 2 STUDENTS WHO ATTEND CLASSES IN THE UNITED STATES AS DESCRIBED ON FORM 990, SCHEDULE I, PART IV. NY COUNC DINNER 285650 252775 32875 67509 CRUSADER GRID 66381 43789 22592 20323 352031 296564 55467 87832 87832 -32365 true SCHOLARSHIP - FUNDED BY THE FEDERAL GOVERNMENT 166 650551 SCHOLARSHIP - FUNDED BY THE STATE GOVERNMENT 183 451414 SCHOLARSHIP - FUNDED BY THE COLLEGE 1411 35529727 SCHOLARSHIP - FUNDED BY PRIVATE SOURCES 68 519019 I 2 THE COLLEGE SUPPORTS A NEED BASED FINANCIAL AID POLICY THAT IS REPRESENTATIVE OF ITS ACADEMIC AND SPIRITUAL GOALS AS AN UNDERGRADUATE, JESUIT LIBERAL ARTS COLLEGE. THE COLLEGE ACCEPTS STUDENTS REGARDLESS OF THEIR ABILITY TO PAY NEED-BLIND ADMISSIONS AND THEN MEETS 100 OF THEIR NEED, AS CALCULATED ACCORDING TO NATIONALLY RECOGNIZED FINANCIAL AID CRITERIA. I 2 THE COLLEGE USES A CONSERVATIVE NEEDS ANALYSIS, INSTITUTIONAL METHODOLOGY WHICH IS AGREED UPON BY MORE THAN 2,000 MEMBERS OF THE COLLEGE SCHOLARSHIP SERVICE ASSEMBLY. THE FINANCIAL AID PROGRAM IS GENEROUS AND ALL STUDENTS ARE ENCOURAGED TO APPLY REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. APPROXIMATELY SIXTY-ONE PERCENT OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. I 2 A LIST OF RECIPIENTS WHO RECEIVE FINANCIAL ASSISTANCE IS MAINTAINED BY THE COLLEGE. THERE MAY BE SOME RECIPIENTS WHO ARE RELATED TO OFFICERS, TRUSTEES, OR OTHER DISQUALIFIED PERSONS, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL OBJECTIVELY DETERMINED BASIS WITH OTHERS. X X true true X X X true true false false false false false false false William Gibbons 149636 27086 16857 24722 218301 Michael Lochhead 235008 29669 27264 29599 321540 William Durgin 319969 529316 27264 21177 897726 Michael Perry 178582 65948 21826 14848 281204 Jacqueline Peterson 159582 5674 17821 22832 205909 Frank Vellaccio 239111 19204 27264 26747 312326 Timothy Mines 150874 502 16368 10091 177835 Timothy Austin 202837 11438 22224 1503 238002 Timothy Jarry 183522 1776 5883 35406 226587 Mary Lee Ledbetter 121622 126557 12713 19484 280376 Milan Brown 209811 11615 20439 13487 255352 Robert Grenon 192387 2837 18877 3122 217223 Sean Kearney 152341 136874 9938 18753 317906 Richard Regan Jr 161320 27595 17948 22154 229017 I 1A CERTAIN OFFICERS, KEY EMPLOYEES OR HIGHLY COMPENSATED EMPLOYEES ARE AUTHORIZED AS PART OF THEIR COMPENSATION AGREEMENT TO OBTAIN A MEMBERSHIP IN A SOCIAL OR RECREATIONAL CLUB. THESE DUES ARE GROSSED UP AND INCLUDED IN THE EMPLOYEES REPORTABLE COMPENSATION. I 4AB WILLIAM DURGIN, CHIEF INVESTMENT OFFICER RETIRED DURING THE FISCAL YEAR ENDED 6/30/2011 AFTER 26 YEARS OF EMPLOYMENT AT THE COLLEGE. PRIOR TO HIS RETIREMENT, WILLIAM DURGIN PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN AND AMOUNTS WERE INCLUDED IN DEFERRED COMPENSATION AS THEY ACCRUED. PURSUANT TO HIS TERMINATION AGREEMENT, WILLIAM DURGIN WAS ENTITLED TO A SPLIT-DOLLAR LIFE INSURANCE PAYOUT OF 500,160. PURSUANT TO HIS TERMINATION AGREEMENT, WILLIAM DURGIN IS ALSO ENTITLED I 4AB TO A ONE TIME PAYOUT OF TWO YEARS SALARY AND CONTINUATION OF HEALTH BENEFITS TO AGE SEVENTY. WILLIAM DURGINS TERMINATION AGREEMENT WAS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE COLLEGE OF THE HOLY CROSS, A COMMITTEE WITHIN THE BOARD OF TRUSTEES THAT APPROVES COMPENSATION. MR. DURGINS AGREEMENT WAS APPROVED AFTER A BENCHMARKING REVIEW WAS PERFORMED AND APPROVED BY PRESIDENT MCFARLAND. I 4A MARY LEE LEDBETTER RETIRED FROM HER POSITION AS PROFESSOR. PURSUANT TO HER RETIREMENT AGREEMENT, PROFESSOR LEDBETTER WAS PAID 125,155 AS AN EARLY RETIREMENT PAYOUT. I 4A MICHAEL PERRY AND SEAN KEARNEY SEPARATED FROM THE COLLEGE DURING THE YEAR ENDED 6/30/2011. PURSUANT TO THEIR SEPARATION AGREEMENTS, THE COLLEGE MADE A ONE TIME SEVERANCE PAYOUT OF 36,873 AND 132,500 TO PERRY AND KEARNEY RESPECTIVELY. II MEMBERS OF THE SOCIETY OF JESUS TAKE A VOW OF POVERTY. COMPENSATION IS PAID DIRECTLY TO THEIR ORDER WHICH IS EXEMPT UNDER SECTION 501C3. UNDER REV. RUL. 77-290, MEMBERS OF A RELIGIOUS ORDER PROVIDING SERVICES TO A CATHOLIC ORGANIZATION WILL BE CONSIDERED FOR TAX PURPOSES TO BE AN AGENT OF HIS ORDER PROVIDED THE RELIGIOUS ORDER IS SUBJECT TO A VOW OF POVERTY, THE RELIGIOUS ORDER IS PROVIDING SERVICES FOR A CATHOLIC ORGANIZATION LISTED IN THE OFFICIAL CATHOLIC DIRECTORY AT THE DIRECTION OF II HIS SUPERIOR AND THE FULL AMOUNT OF COMPENSATION IS REMITTED TO HIS ORDER WHICH IS EXEMPT FROM TAX. Mass Development and Finance Agency MDFA 2007B 042608195 57583RLM5 2007-05-03 30306021 Refunding 1998 Issue false false false Mass Development and Finance Agency MDFA 2008A 042608195 57583RU26 2008-05-08 45340000 Refunding 2007A Issue false false false Mass Development and Finance Agency MDFA 2008B 042608195 57583RVU6 2008-05-08 71076481 Refunding 2006 Issue false false false 30306021 258981 29877800 2008 false true true true false false false false true 0.00012 0.00012 true false false true true false false false false false true false true true Bank of America LLC false false true false false false false false true FEDERATED FUND ADVISORY COMPANY J. FISHER, TRUSTEE 100000 ADVISORY FEE false ADAGE CAPITAL MANAGEMENT R. ATCHINSON, TRUSTEE 199346 MANAGEMENT FEE false IV JOHN B. FISHER IS A TRUSTEE OF THE COLLEGE OF THE HOLY CROSS AND THE PRESIDENT AND CEO OF FEDERATED FUND ADVISORY COMPANY. THE COLLEGE OF THE HOLY CROSS HAS A BUSINESS RELATIONSHIP WITH FEDRATED FUND ADVISORY COMPANY. FEES TO FEDERATED FUND ADVISORY COMPANY ARE APPROXIMATELY 100,000 PER YEAR AND ARE BASED UPON AN ARMS LENGTH AGREEMENT. IV ROBERT ATCHINSON IS A TRUSTEE OF THE COLLEGE OF THE HOLY CROSS AND EXECUTIVE DIRECTOR OF ADAGE CAPITAL MANAGEMENT. THE COLLEGE IS INVESTED IN AN ADAGE CAPITAL MANAGEMENT HEDGE FUND. FEES TO ADAGE CAPITAL MANAGEMENT WERE APPROXIMATELY 199,346 DURING THE YEAR ENDED 6/30/2011 AND ARE BASED UPON AN ARMS LENGTH AGREEMENT. X 72 2191246 AVG PRICE QUOTE false true true I 32B THE COLLEGE USES A REGISTERED BROKER TO SELL SECURITIES THAT ARE GIFTED TO THE COLLEGE. I 9 COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE TO THE COLLEGE. Form 990 Part III 1 THE COLLEGE OF THE HOLY CROSS IS, BY TRADITION AND CHOICE, A JESUIT LIBERAL ARTS COLLEGE SERVING THE CATHOLIC COMMUNITY, AMERICAN SOCIETY AND THE WIDER WORLD. TO PARTICIPATE IN THE LIFE OF HOLY CROSS IS TO ACCEPT AN INVITATION TO JOIN IN DIALOGUE ABOUT BASIC HUMAN QUESTIONS WHAT IS THE MORAL CHARACTER OF LEARNING AND TEACHING HOW DO WE FIND MEANING IN LIFE AND HISTORY WHAT ARE OUR OBLIGATIONS TO ONE ANOTHER WHAT IS OUR SPECIAL RESPONSIBILITY TO THE WORLDS POOR AND POWERLESS Form 990 Part III 1 AS A LIBERAL ARTS COLLEGE, HOLY CROSS PURSUES EXCELLENCE IN TEACHING, LEARNING, AND RESEARCH. ALL WHO SHARE ITS LIFE ARE CHALLENGED TO BE OPEN TO NEW IDEAS, TO BE PATIENT WITH AMBIGUITY AND UNCERTAINTY, TO COMBINE A PASSION FOR TRUTH WITH RESPECT FOR THE VIEWS OF OTHERS. INFORMED BY THE PRESENCE OF DIVERSE INTERPRETATIONS OF THE HUMAN EXPERIENCE, HOLY CROSS SEEKS TO BUILD A COMMUNITY MARKED BY FREEDOM, MUTUAL RESPECT, AND CIVILITY. BECAUSE THE SEARCH FOR MEANING AND VALUE IS AT THE HEART OF THE INTELLECTUAL LIFE, CRITICAL EXAMINATION OF FUNDAMENTAL RELIGOUS AND PHILOSOPHICAL QUESTIONS IS INTEGRAL TO LIBERAL ARTS EDUCATION. DIALOGUE ABOUT THESE QUESTIONS AMONG PEOPLE FROM DIVERSE ACADEMIC DISCIPLINES AND RELIGIOUS TRADITIONS REQUIRES EVERYONE TO ACKNOWLEDGE AND RESPECT DIFFERENCES. DIALOGUE ALSO REQUIRES US TO REMAIN OPEN TO THAT SENSE OF THE WHOLE WHICH CALLS US TO TRANSCEND Form 990 Part III 1 OURSELVES AND CHALLENGES US TO SEEK THAT WHICH MIGHT CONSTITUTE OUR COMMON HUMANITY. Form 990 Part III 1 THE FACULTY AND STAFF OF HOLY CROSS, NOW PRIMARILY LAY AND RELIGIOUSLY AND CULTURALLY DIVERSE, ALSO AFFIRM THE MISSION OF HOLY CROSS AS A JESUIT COLLEGE. AS SUCH, HOLY CROSS SEEKS TO EXEMPLIFY THE LONGSTANDING DEDICATION OF THE SOCIETY OF JESUS TO THE INTELLECTUAL LIFE AND ITS COMMITMENT TO THE SERVICE OF FAITH AND PROMOTION OF JUSTICE. THE COLLEGE IS DEDICATED TO FORMING A COMMUNITY WHICH SUPPORTS THE INTELLECTUAL GROWTH OF ALL ITS MEMBERS WHILE OFFERING THEM OPPORTUNITIES FOR SPIRITUAL AND MORAL DEVELOPMENT. IN A SPECIAL WAY, THE COLLEGE MUST ENABLE ALL WHO CHOOSE TO DO SO TO ENCOUNTER THE INTELLECTUAL HERITAGE OF CATHOLICISM, TO FORM AN ACTIVE WORSHIPPING COMMUNITY AND TO BECOME ENGAGED IN THE LIFE AND WORK OF THE CONTEMPORARY CHURCH. Form 990 Part III 1 SINCE 1843, HOLY CROSS HAS SOUGHT TO EDUCATE STUDENTS WHO, AS LEADERS IN BUSINESS, PROFESSIONAL, AND CIVIC LIFE, WOULD LIVE BY THE HIGHEST INTELLECTUAL AND ETHICAL STANDARDS. IN SERVICE OF THIS IDEAL, HOLY CROSS ENDEAVOURS TO CREATE AN ENVIRONMENT IN WHICH INTEGRATED LEARNING IS A SHARED RESPONSIBLITY, PURSUED IN CLASSROOM AND LABORATORY, STUDIO AND THEATER, RESIDENCE AND CHAPEL. SHARED RESPONSIBLITY FOR THE LIFE AND GOVERNANCE OF THE COLLEGE SHOULD LEAD ALL ITS MEMBERS TO MAKE THE BEST OF THEIR OWN TALENTS, TO WORK TOGEHTER, TO BE SENSITIVE TO ONE ANOTHER, TO SERVE OTHERS, AND TO SEEK JUSTICE WITHIN AND BEYOND THE HOLY CROSS COMMUNITY. Form 990 Part III 4A THE COLLEGE IS A COMMUNITY OF 2,872 FULL TIME AND 65 PART TIME STUDENTS FOR THE ACADEMIC YEAR ENDING IN MAY 2011. THE STUDENT POPULATION IS 47 MEN AND 53 WOMEN, 23 OF THE CLASS OF 2015 ARE OF AFRICAN, LATIN, ASIAN OR NATIVE AMERICAN HERITAGE. IN 2010-2011 THERE WERE 696 INDIVIDUALS WHO COMPLETED THEIR MATRICULATION AND RECEIVED AN A.B. DEGREE. FINANCIAL ASSISTANCE WAS PROVIDED TO 1,750 STUDENTS. THE COLLEGE ADMITS QUALIFIED STUDENTS BASED ON THEIR APPLICATION, HIGH SCHOOL REPORT, AND TEACHER REFERENCES. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, AGE OR HANDICAP IN ITS EDUCATIONAL, ADMISSIONS OR FINANCIAL AID POLICIES OR PROGRAMS. Form 990 Part III 4A FORMED IN 1843, THE COLLEGE OFFERS A CURRICULUM LEADING TO A BACHELOR OF ARTS A.B. DEGREE WITH ACADEMIC CONCENTRATIONS IN TWENTY-SIX FIELDS, INCLUDING BIOLOGY, CHEMISTRY, CLASSICS, ECONOMICS, ENGLISH, HISTORY, PSYCHOLOGY, RELIGIOUS STUDIES, SOCIOLOGY, THEATER AND THE VISUAL ARTS. THE COLLEGE IS A LARGE EDUCATIONAL COMPLEX, COMPLETE WITH LIBRARIES, SCIENCE LABORATORIES, CLASSROOMS, RESIDENCE HALLS, AND ATHLETIC FIELDS INCLUDING A FOOTBALL STADIUM AND HOCKEY RINK, AND A STUDENT ACTIVITY CENTER. Form 990 Part III 4A ALL FIRST YEAR STUDENTS PARTICIPATE IN AN ACADEMICALLY RIGOROUS LEARNING AND LIVING PROGRAM FOR THEIR FIRST YEAR. LEARNING TAKES PLACE IN SMALL DISCUSSION SEMINARS FOR THE ENTIRE YEAR THAT FIT THEMATICALLY WITHIN FIVE CLUSTERS EACH DEVOTED TO A LARGER THEME. STUDENTS CHOOSE THEIR OWN CLUSTER OF INTEREST FROM THE FOLLOWING AREAS NATURAL WORLD, DIVINE, SELF, GLOBAL SOCIETY OR CORE HUMAN QUESTIONS. GLOBAL SOCIETY IS THE LARGEST CLUSTER WITH DISCIPLINES FROM SOCIOLOGY AND HISTORY TO PHYSICS AND ECONOMICS. THE COURSES LOOK AT THE WORLD FROM A PLUARLISTIC AND COSMOPOLITAN PERSPECTIVE, GIVING STUDENTS THE OPPORTUNITY TO REFLECT ON THE CULTURAL CONNECTIONS OF THE MODERN WORLD AND THE RESPONSIBLITIES OF THE 21ST CENTURY CITIZEN. Form 990 Part III 4A THE COLLEGE OFFERS STUDENTS THE ABILITY TO STUDY ABROAD DURING THEIR JUNIOR YEAR. THE COLLEGE HAS RELATIONSHIPS WITH UNIVERSITIES ON FIVE CONTINENTS AND EACH YEAR MORE THAN 150 STUDENTS PURSUE STUDIES IN A FOREIGN LAND INCLUDING CHINA, RUSSIA, CAMEROON, EUROPE, PERU AND SRI LANKA. DURING THIS TIME THEY CONTINUE THEIR EDUCATION IN SUCH SUBJECTS AS HISTORY, MATH OR PSYCHOLOGY AND IN ADDITON ARE EDUCATED BY THEIR SURROUNDINGS AND LEARN HOW OTHER PEOPLE VIEW THEIR HOME COUNTRY. THEY LIVE WITH LOCAL FAMILIES WHENEVER POSSIBLE AND ARE REQUIRED TO COMPLETE A SERVICE PROJECT THAT IMMERSES THEM IN THE LOCAL COMMUNITY. Form 990 Part III 4A THE COLLEGE OFFERS INTERDISCIPLINARY CONCENTRATIONS IN ASIAN STUDIES, ENVIRONMENTAL STUDIES, AFRICANA STUDIES, LATIN AMERICAN AND LATINO STUDIES AND WOMEN AND GENDER STUDIES. IN ADDITION, STUDENTS HAVE DEVELOPED THEIR OWN PROGRAMS IN ASIAN AMERICAN AND MIDDLE EASTERN STUDIES. THESE CONCENTRATIONS ALLOW STUDENTS TO SYNTHESIZE ACROSS DISCIPLINES, EXPLORING THE CULTURE THROUGH HISTORY, LITERATURE, LANGUAGE, SOCIOLOGY ANTHROPOLOGY AND ART. THROUGH THESE STUDIES, STUDENTS GAIN A DEEPER APPRECIATION OF THE WORLDS CULTURES AND TRADITIONS. RELIGIOUS STUDIES EXPLORE THE GLOBAL RELIGIONS AND TRADITIONS AND ALSO LOOK AT CHRISTIAN AND CATHOLIC EXPERIENCES AROUND THE WORLD. IN SOCIOLOGY, STUDENTS EXAMINE THE SOCIETAL STRUCTURES THAT FRAME THE IMPACT OF GLOBALIZATION ON OUR PERCEPTION OF ETHNIC AND SOCIETAL IDENTITY. BIOLOGY STUDENTS LOOK AT THE IMPACT OF TECHNOLOGY, DEVELOPMENT, AND Form 990 Part III 4A GLOBALIZATION ON OUR NATURAL RESOURCES. MODERN LANGUAGES AND LITERATURE PROVIDE STUDENTS A STRONG FOUNDATION, EVEN FLUENCY, IN FOREIGN LANGUAGES, BUT ALSO PROVIDES INSIGHT INTO THE CUTLURE OF THOSE WHO SPEAK THE LANGUAGE, THROUGH LITERATURE, ART AND HISTORY. Form 990 Part III 4A THE COLLEGES CENTER FOR RELIGION, ETHICS AND CULTURE PROVIDES A PLACE FOR INTERDISCIPLINARY DIALOGUE AND EXPLORATION ABOUT BASIC HUMAN QUESTIONS. ITS PROGRAMS AIM TO INCREASE UNDERSTANDING OF A VARIETY OF RELIGIOUS, ETHICAL AND CULTURAL TRADITIONS, AND TO EXAMINE HOW THEY RELATE TO CATHOLIC TRADITIONS AND CURRENT ISSUES. THE CENTER FOSTERS DIALOGUE THAT RESPECTS DIFFERENCES, PROVIDING A FORUM FOR INTELLECTUAL EXCHANGE THAT IS INTER-RELIGIOUS AS WELL AS INTERSICIPLINARY, INTERCULTURAL AND INTERNATIONAL IN SCOPE. AT THE SAME TIME, IT EXPLORES THE WHOLE WHICH TRANSCENDS DIFFERENCES AND APPEALS TO OUR COMMON HUMANITY. THE CENTER SPONSORS PUBLIC CONFERENCES, LECTURES AND FORUMS ON A WIDE RANGE OF TOPICS. A SAMPLING OF PAST PROGRAMS INCLUDE AGING, ETHICS AND SPIRITUALITY HISTORIC PRESERVATION OF CHURCHES MEDIA, ETHICS AND VALUES NATIVE AMERICAN SPIRITUALITY AND CULTURE Form 990 Part III 4A JEWISH-CHRISTIAN UNDERSTANDING ASIAN VALUES IN TRANSITION ANATOMY OF EVIL AND FORGIVENESS. Form 990 Part III 4A THE CAMPUS LIBRARIES AT HOLY CROSS - DINAND, FENWICK MUSIC, OCALLAHAN SCIENCE, ARCHIVAL AND SPECIAL COLLECTIONS, AND RHEM - ARE ALSO AVAILABLE TO THE PUBLIC FOR SCHOLARLY RESEARCH. THE LIBRARIES HAVE AN EXTENSIVE COLLECTION OF BOOKS, JOURNALS, TAPES, VIDEOS, CDS, LPS, PHOTOGRAPHS AND ELECTRONIC RESOURCES. THE LIBRARY COLLECTION INCLUDES MORE THAN 650,000 VOLUMES, 4,500 PERIODICALS, 14,000 SOUND RECORDINGS, 7,000 MUSIC SCORES AND 40,000 ART HISTORY SLIDES. THE COLLECTION INCLUDES THE FOLLOWING ITEMS OF PARTICULAR INTEREST INCUNABULA BOOKS PRINTED PRIOR TO 1500, JESUITANA BOOKS PRINCIPALLY BY JESUIT AUTHORS OF THE 15TH TO 17TH CENTURIES, AMERICANA BOOKS OF SPECIAL INTEREST PUBLISHED IN AMERICA PRIOR TO 1829, JOHN HENRY CARDINAL NEWMAN 1801-1890 COLLECTION LETTERS AND FIRST EDITIONS, JAMES MICHAEL CURLEY 1874-1958 COLLECTION SCRAPBOOKS, NEWSPAPER CLIPPINGS, MICROFILM. CURLEY Form 990 Part III 4A WAS MAYOR OF BOSTON AND GOVERNOR OF MASSACHUSETTS, LOUISE IMOGENE GUINEY 1861-1920 COLLECTION POEMS, ESSAYS, CORRESPONDENCE, AND PHOTOGRAPHS, FRANK W. STEARNS 1856-1939 COLLECTION CORRESPONDENCE, SCRAPBOOKS. STEARNS WAS A BOSTON MERCHANT AND POLITICAL ADVISOR TO CALVIN COOLIDGE, HENNESSEY COLLECTION NEARLY 8,000 LP SOUND RECORDINGS OF OPERA AND OTHER VOCAL MUSIC. Form 990 Part III 4A THROUGH BOTH CONTEMPORARY AND HISTORICAL EXHIBITIONS, THE IRIS AND B. GERALD CANTOR ART GALLERY AT HOLY CROSS EDUCATES THE COLLEGE AND WORCESTER COMMUNITIES ABOUT THE FUNDAMENTAL INTELLECTUAL, CULTURAL, SPIRITUAL, AND AESTHETIC ISSUES ENCOUNTERED THROUGH VISUAL ART. OPEN FREE TO THE PUBLIC, THE GALLERY SEEKS TO PROMOTE AND SUPPORT THE INTELLECTUAL AND CULTURAL LIFE OF THE COLLEGE THROUGH THE PRESENTATION AND DISCUSSION OF A DIVERSITY OF VISUAL ARTS. THE GALLERY HAS SPECIAL RESPONSIBILITY FOR INTEGRATING THE LIBERAL ARTS VALUES OF THE COLLEGE AND THE CLASSROOM BY LINKING EXHIBITIONS TO THE BROADER CURRICULUM AND COMMUNITY. Form 990 Part III 4A THE COLLEGE IS A MEMBER OF THE PATRIOT LEAGUE AND OFFERS A COMPRHENSIVE ATHLETIC PROGRAM AT THE NCAA DIVISION I LEVEL CONSISTING OF 27 ATHLETIC TEAMS. INTERCOLLEGIATE SPORTS FOR MEN ARE BASEBALL, BASKETBALL, CREW, CROSS COUNTRY, FOOTBALL, GOLF, ICE HOCKEY, LACROSSE, SOCCER, SWIMMING, TENNIS AND INDOOR AND OUTDOOR TRACK AND FIELD. WOMEN COMPETE IN BASKETBALL, CREW, CROSS-COUNTRY, FIELD HOCKEY, GOLF, ICE HOCKEY, LACROSSE, SOCCER, SOFTBALL, SWIMMING, TENNIS, INDOOR AND OUTDOOR TRACK AND FIELD AND VOLLEYBALL. THE COLLEGE PROMOTES WIDESPREAD INVOLVEMENT IN ATHLETICS FOR STUDENTS OF ALL SKILL LEVELS AND INTERESTS. EIGHTY PERCENT OF HOLY CROSS STUDENTS PARTICIPATE IN SPORTS AT THE VARSITY, CLUB, OR INTRAMURAL LEVELS. THE COLLEGE ALSO PERIODICALLY OPENS ITS HART RECREATION CENTER FACILITIES, INCLUDING A SIX-LANE SWIMMING POOL, ICE RINK, BASKETBALL COURTS, AND FITNESS CENTER, TO THE GENERAL Form 990 Part III 4A PUBLIC. IN ADDITION, HOLY CROSS HOSTS SUMMER SOCCER, FOOTBALL, BASKETBALL, LACROSSE, AND FIELD HOCKEY CAMPS FOR AREA YOUTHS. Form 990 Part III 4A THE COLLEGE PROGRAM INVITES STUDENTS TO BRING THEIR REAL WORLD EXPERIENCES INTO THE CLASSROOM, AND THEN CHALLENGES STUDENTS TO BRING THEIR CLASSROOM EXPERIENCE OUT INTO THE WORLD TO BE TESTED, STRENGTHENED AND ENHANCED. THE PROGRAM ASKS THAT STUDENTS CONSIDER THE CONTEXT, INCLUDING THE SOCIAL AND CIVIC CONTEXTS, OF THE SUBJECTS THEY STUDY. OUR GOAL IS TO CREATE A BRIDGE BETWEEN THE CLASSROOM AND THOSE INTERESTS AND EXPERIENCES OUTSIDE THE CLASSROOM THEREBY ENRICHING THE LEVEL OF DIALOGUE AND DISCUSSION. THROUGH STUDENT PROGRAM FOR URBAN DEVELOPMENT STUDENTS ARE ABLE TO INTERACT WITH THE LOCAL COMMUNITY, TUTORING CHILDREN, SERVING AS WELFARE ADVOCATES, VOLUNTEERING, AND VISITING THE SICK AND LONELY. THEY ENCOUNTER THE EFFECTS OF GLOBALIZATION ON A LOCAL LEVEL AS THEY WORK WITH THE HOMELESS AND UNEMPLOYED. Form 990 Part III 4A STUDENTS ALSO HAVE THE OPPORTUNITY TO SPEND BREAKS SERVING COMMUNITIES IN APPALACHIA AND ALONG THE GULF COAST, BUILDING HOUSES, CLEANING SCHOOLS AND PARKS OR SERVING IN COMMUNITY BASED ORGANIZATIONS. IT IS AN EXPERIENCE THEY WILL CARRY WITH THEM FOR THE REST OF THEIR LIVES, SERVING AS INSPIRATION FOR THEIR FUTURE STUDIES AND CAREERS. A COMMITMENT TO SHAPING MORE INFORMED, SENSITIVE AND CONSCIENTIOUS GLOBAL CITIZENS IS NOT ONLY OUR OBLIGATION AS AN EDUCATIONAL INSTITUTION, AND IT SPEAKS DIRECTLY TO THE HEART OF OUR MISSION. Form 990 Part III 4B THE COLLEGE IS THE RECIPIENT OF VARIOUS GRANTS FROM PRIVATE FOUNDATIONS, CORPORATIONS OR THE US FEDERAL GOVERNMENT. THESE GRANTS FUND BASIC RESEARCH, INSTRUCTION, CURRICULUM DEVELOPMENT, OR INSTRUMENTATION OF COLLEGE LABORATORIES. Form 990 Part VI 11A SENIOR MANAGEMENT OF THE COLLEGE IS RESPONSIBLE FOR DRAFTING FORM 990. THE COMPLETED DRAFT FORM 990 IS SUBMITTED FOR REVIEW TO THE COLLEGES TAX ADVISOR. RECOMMENDED CHANGES ARE DISCUSSED WITH SENIOR MANAGEMENT AND INCORPORATED INTO THE RETURN. THE DRAFT FORM IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE WITH SENIOR MANAGEMENT AND THE COLLEGES TAX ADVISOR. ALL QUESTIONS, CONCERNS OF THE AUDIT COMMITTEE MEMBERS WILL BE ADDRESSED AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. Form 990 Part VI 11A AFTER THE AUDIT COMMITTEE REVIEW ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE COMPLETED FORM 990 IN ADVANCE OF THE FILING DEADLINE VIA A DEDICATED COLLEGE WEBSITE. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF TRUSTEES WILL BE ADDRESSED BY THE TREASURER AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. Form 990 Part VI 11A AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, THE TREASURER OF THE COLLEGE IS AUTHORIZED TO FILE THE FORM 990. COPIES OF THE FORM 990 ARE MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. Form 990 Part VI 12C ALL OFFICER, TRUSTEES AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE. TO HELP OFFICER, TRUSTEES AND KEY EMPLOYEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT MUST BE COMPLETED AND UPDATED AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, THE OFFICER, TRUSTEES AND KEY EMPLOYEES MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. Form 990 Part VI 12C THE GENERAL COUNSEL WILL REVIEW THE DISCLOSURES AND REPORT CONFLICTS OF INTEREST TO THE CHAIRMAN OF THE BOARD AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE CONSIDERS THE BEST INTERESTS OF THE COLLEGE AND THE NATURE OF THE CONFLICT. THE AUDIT COMMITTEE EVALUATES THE CIRCUMSTANCES OF THE ISSUE OR TRANSACTION TO ENSURE THAT THE PROPOSAL IS FEASIBLE, THE TERMS ARE FAVORABLE TO THE COLLEGE, AND THAT THEY HAVE CONSIDERED ANY POTENTIAL PITFALLS OF ENTERING INTO A TRANSACTION OR DECIDING AN ISSUE WHERE A CONFLICT EXISTS. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES. Form 990 Part VI 12C THE AUDIT COMMITTEE WILL DELIBERATE THE REPORTED CONFLICT AND VOTE TO MAKE ONE OF TWO DETERMINATIONS THAT NO MATERIAL CONFLICT OF INTEREST EXISTS AND THAT NO ACTION IS NECESSARY OR THAT A MATERIAL CONFLICT OF INTEREST DOES EXIST AND RECOMMEND A STRATEGY TO ADDRESS THE IDENTIFIED CONFLICT. THESE FINDINGS WILL BE COMMUNICATED TO THE CHAIRMAN OF THE BOARD AND EXECUTIVE COMMITTEE. THE MINUTES OF THE MEETING SHALL REFLECT THE NATURE OF THE CONFLICT AND THE AUDIT COMMITTEES DETERMINATION WITH RESPECT TO THE SPECIFIC PROCEDURES THE MEMBER WILL FOLLOW REGARDING THE ISSUE OR TRANSACTION. Form 990 Part VI 15B THE BYLAWS ARTICLE 2, SECTION 6 OF THE COLLEGE ESTABLISH THAT THE BOARD HAS THE AUTHORITY TO HIRE, EMPLOY AND SET THE REMUNERATION OF THE PRESIDENT AND ALL OTHER OFFICERS OF INSTRUCTIONS AND ADMINISTRATION. THE EXECUTIVE COMMITTEE IS A PERMANENT COMMITTEE OF THE BOARD THAT HAS BEEN ASSIGNED THE RESPONSIBILITY FOR EVALUATING COMPENSATION REASONABLENESS FOR ALL OFFICERS OR HIGHLY PAID. THE COMMITTEE IS COMPOSED OF FIVE TO SIX MEMBERS AND INCLUDES THE PRESIDENT WHO IS EX-OFFICIO CHAIR AND MEMBER OF THE COMMITTEE. THE PRESIDENT DOES NOT PARTICIPATE IN THE COMMITTEE DISCUSSION OR VOTE REGARDING THE EXECUTIVES COMPENSATION. Form 990 Part VI 15B THE COMMITTEE REVIEWS THE ENTIRE COMPENSATION PACKAGE INCLUDING BENEFITS BY ASSESSING THE NATURE AND SCOPE OF EACH POSITION, ASSESSING THE INDIVIDUALS HOLDING EACH POSITION INCLUDING UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, PERFORMANCE, ADDITIONAL DUTIES AND ABILITIES AND THE ABILITY TO SOLVE CHALLENGES FACING THE COLLEGE, OBTAINING APPROPRIATE AND COMPARABLE COMPENSATION MARKET DATA FROM THE FOLLOWING SOURCES SIMILARLY SITUATED ORGANIZATIONS, BOTH FOR-PROFIT AND TAX EXEMPT FOR FUNCTIONALLY COMPARABLE POSITIONS INCLUDING COMPARATIVE DATA FROM CUPA, OTHER JESUIT COLLEGES AND UNIVERSITIES, AND THE HAY NEW ENGLAND MARKET SURVEY INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS PERIODICALLY USE INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW EXECUTIVE COMPENSATION. Form 990 Part VI 15B THE COMMITTEE DELIBERATES THE INFORMATION PROVIDED AND RELATIVE CONTRIBUTION OF EACH EXECUTIVE MEMBER BEFORE VOTING ON THE COMPENSATION PACKAGE. THE PRESIDENT IS A MEMBER OF THE SOCIETY OF JESUS. MEMBERS OF THIS RELIGIOUS ORDER TAKE A VOW OF POVERTY AND RECEIVE COMPENSATION AS AN AGENT OF THEIR RELIGIOUS ORDER. Form 990 Part VI 19 THE COLLEGES GOVERNING INSTRUMENTS, ARTICLES OF INCORPORATION AND BYLAWS MAY BE FOUND ON THE COLLEGE WEBSITE UNDER THE OFFICE OF THE GENERAL COUNSEL. CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE INTERNET. Form 990 Part XI 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDE UNREALIZED GAINS 64,133,984, A GAIN ON INTEREST RATE SWAP AGREEMENTS OF 1,515,900, PENSION ADJUSTMENTS RELATING TO FINANCIAL STANDARDS NUMBER 158 WHICH IS A GAIN OF 4,433,008, AND ROUNDING OF 3. TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES EQUAL 70,082,895. Form 990 Part VI 16A ON MAY 13, 2011, THE COLLEGE ENTERED INTO A JOINT VENTURE, COLLABORATIVE EDUCATIONAL VENTURES OF NEW ENGLAND, LLC, CEVONE. CEVONE IS A COLLABORATIVE FORMED TO EXPLORE, DEVELOP AND PROVIDE SPECIAL PURPOSE INITIATIVES WHICH MAY BE OF PARTICULAR INTEREST TO ITS PARTICIPATING MEMBER SCHOOLS, COLLEGES, AND UNIVERSITIES. Form 990 Part III Line 1 THE COLLEGE OF THE HOLY CROSS IS, BY TRADITION AND CHOICE, A JESUIT LIBERAL ARTS COLLEGE SERVING THE CATHOLIC COMMUNITY, AMERICAN SOCIETY AND THE WIDER WORLD. TO PARTICIPATE IN THE LIFE OF HOLY CROSS IS TO ACCEPT AN INVITATION TO JOIN IN DIALOGUE ABOUT BASIC HUMAN QUESTIONS WHAT IS THE MORAL CHARACTER OF LEARNING AND TEACHING HOW DO WE FIND MEANING IN LIFE AND HISTORY WHAT ARE OUR OBLIGATIONS TO ONE ANOTHER WHAT IS OUR SPECIAL RESPONSIBILITY TO THE WORLDS POOR AND POWERLESS Form 990 Part III Line 1 AS A LIBERAL ARTS COLLEGE, HOLY CROSS PURSUES EXCELLENCE IN TEACHING, LEARNING, AND RESEARCH. ALL WHO SHARE ITS LIFE ARE CHALLENGED TO BE OPEN TO NEW IDEAS, TO BE PATIENT WITH AMBIGUITY AND UNCERTAINTY, TO COMBINE A PASSION FOR TRUTH WITH RESPECT FOR THE VIEWS OF OTHERS. INFORMED BY THE PRESENCE OF DIVERSE INTERPRETATIONS OF THE HUMAN EXPERIENCE, HOLY CROSS SEEKS TO BUILD A COMMUNITY MARKED BY FREEDOM, MUTUAL RESPECT, AND CIVILITY. BECAUSE THE SEARCH FOR MEANING AND VALUE IS AT THE HEART OF THE INTELLECTUAL LIFE, CRITICAL EXAMINATION OF FUNDAMENTAL RELIGOUS AND PHILOSOPHICAL QUESTIONS IS INTEGRAL TO LIBERAL ARTS EDUCATION. DIALOGUE ABOUT THESE QUESTIONS AMONG PEOPLE FROM DIVERSE ACADEMIC DISCIPLINES AND RELIGIOUS TRADITIONS REQUIRES EVERYONE TO ACKNOWLEDGE AND RESPECT DIFFERENCES. DIALOGUE ALSO REQUIRES US TO REMAIN OPEN TO THAT SENSE OF THE WHOLE WHICH CALLS US TO TRANSCEND Form 990 Part III Line 1 OURSELVES AND CHALLENGES US TO SEEK THAT WHICH MIGHT CONSTITUTE OUR COMMON HUMANITY. Form 990 Part III Line 1 THE FACULTY AND STAFF OF HOLY CROSS, NOW PRIMARILY LAY AND RELIGIOUSLY AND CULTURALLY DIVERSE, ALSO AFFIRM THE MISSION OF HOLY CROSS AS A JESUIT COLLEGE. AS SUCH, HOLY CROSS SEEKS TO EXEMPLIFY THE LONGSTANDING DEDICATION OF THE SOCIETY OF JESUS TO THE INTELLECTUAL LIFE AND ITS COMMITMENT TO THE SERVICE OF FAITH AND PROMOTION OF JUSTICE. THE COLLEGE IS DEDICATED TO FORMING A COMMUNITY WHICH SUPPORTS THE INTELLECTUAL GROWTH OF ALL ITS MEMBERS WHILE OFFERING THEM OPPORTUNITIES FOR SPIRITUAL AND MORAL DEVELOPMENT. IN A SPECIAL WAY, THE COLLEGE MUST ENABLE ALL WHO CHOOSE TO DO SO TO ENCOUNTER THE INTELLECTUAL HERITAGE OF CATHOLICISM, TO FORM AN ACTIVE WORSHIPPING COMMUNITY AND TO BECOME ENGAGED IN THE LIFE AND WORK OF THE CONTEMPORARY CHURCH. Form 990 Part III Line 1 SINCE 1843, HOLY CROSS HAS SOUGHT TO EDUCATE STUDENTS WHO, AS LEADERS IN BUSINESS, PROFESSIONAL, AND CIVIC LIFE, WOULD LIVE BY THE HIGHEST INTELLECTUAL AND ETHICAL STANDARDS. IN SERVICE OF THIS IDEAL, HOLY CROSS ENDEAVOURS TO CREATE AN ENVIRONMENT IN WHICH INTEGRATED LEARNING IS A SHARED RESPONSIBLITY, PURSUED IN CLASSROOM AND LABORATORY, STUDIO AND THEATER, RESIDENCE AND CHAPEL. SHARED RESPONSIBLITY FOR THE LIFE AND GOVERNANCE OF THE COLLEGE SHOULD LEAD ALL ITS MEMBERS TO MAKE THE BEST OF THEIR OWN TALENTS, TO WORK TOGEHTER, TO BE SENSITIVE TO ONE ANOTHER, TO SERVE OTHERS, AND TO SEEK JUSTICE WITHIN AND BEYOND THE HOLY CROSS COMMUNITY. Form 990 Part III Line 4A THE COLLEGE IS A COMMUNITY OF 2,872 FULL TIME AND 65 PART TIME STUDENTS FOR THE ACADEMIC YEAR ENDING IN MAY 2011. THE STUDENT POPULATION IS 47 MEN AND 53 WOMEN, 23 OF THE CLASS OF 2015 ARE OF AFRICAN, LATIN, ASIAN OR NATIVE AMERICAN HERITAGE. IN 2010-2011 THERE WERE 696 INDIVIDUALS WHO COMPLETED THEIR MATRICULATION AND RECEIVED AN A.B. DEGREE. FINANCIAL ASSISTANCE WAS PROVIDED TO 1,750 STUDENTS. THE COLLEGE ADMITS QUALIFIED STUDENTS BASED ON THEIR APPLICATION, HIGH SCHOOL REPORT, AND TEACHER REFERENCES. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, AGE OR HANDICAP IN ITS EDUCATIONAL, ADMISSIONS OR FINANCIAL AID POLICIES OR PROGRAMS. Form 990 Part III Line 4A FORMED IN 1843, THE COLLEGE OFFERS A CURRICULUM LEADING TO A BACHELOR OF ARTS A.B. DEGREE WITH ACADEMIC CONCENTRATIONS IN TWENTY-SIX FIELDS, INCLUDING BIOLOGY, CHEMISTRY, CLASSICS, ECONOMICS, ENGLISH, HISTORY, PSYCHOLOGY, RELIGIOUS STUDIES, SOCIOLOGY, THEATER AND THE VISUAL ARTS. THE COLLEGE IS A LARGE EDUCATIONAL COMPLEX, COMPLETE WITH LIBRARIES, SCIENCE LABORATORIES, CLASSROOMS, RESIDENCE HALLS, AND ATHLETIC FIELDS INCLUDING A FOOTBALL STADIUM AND HOCKEY RINK, AND A STUDENT ACTIVITY CENTER. Form 990 Part III Line 4A ALL FIRST YEAR STUDENTS PARTICIPATE IN AN ACADEMICALLY RIGOROUS LEARNING AND LIVING PROGRAM FOR THEIR FIRST YEAR. LEARNING TAKES PLACE IN SMALL DISCUSSION SEMINARS FOR THE ENTIRE YEAR THAT FIT THEMATICALLY WITHIN FIVE CLUSTERS EACH DEVOTED TO A LARGER THEME. STUDENTS CHOOSE THEIR OWN CLUSTER OF INTEREST FROM THE FOLLOWING AREAS NATURAL WORLD, DIVINE, SELF, GLOBAL SOCIETY OR CORE HUMAN QUESTIONS. GLOBAL SOCIETY IS THE LARGEST CLUSTER WITH DISCIPLINES FROM SOCIOLOGY AND HISTORY TO PHYSICS AND ECONOMICS. THE COURSES LOOK AT THE WORLD FROM A PLUARLISTIC AND COSMOPOLITAN PERSPECTIVE, GIVING STUDENTS THE OPPORTUNITY TO REFLECT ON THE CULTURAL CONNECTIONS OF THE MODERN WORLD AND THE RESPONSIBLITIES OF THE 21ST CENTURY CITIZEN. Form 990 Part III Line 4A THE COLLEGE OFFERS STUDENTS THE ABILITY TO STUDY ABROAD DURING THEIR JUNIOR YEAR. THE COLLEGE HAS RELATIONSHIPS WITH UNIVERSITIES ON FIVE CONTINENTS AND EACH YEAR MORE THAN 150 STUDENTS PURSUE STUDIES IN A FOREIGN LAND INCLUDING CHINA, RUSSIA, CAMEROON, EUROPE, PERU AND SRI LANKA. DURING THIS TIME THEY CONTINUE THEIR EDUCATION IN SUCH SUBJECTS AS HISTORY, MATH OR PSYCHOLOGY AND IN ADDITON ARE EDUCATED BY THEIR SURROUNDINGS AND LEARN HOW OTHER PEOPLE VIEW THEIR HOME COUNTRY. THEY LIVE WITH LOCAL FAMILIES WHENEVER POSSIBLE AND ARE REQUIRED TO COMPLETE A SERVICE PROJECT THAT IMMERSES THEM IN THE LOCAL COMMUNITY. Form 990 Part III Line 4A THE COLLEGE OFFERS INTERDISCIPLINARY CONCENTRATIONS IN ASIAN STUDIES, ENVIRONMENTAL STUDIES, AFRICANA STUDIES, LATIN AMERICAN AND LATINO STUDIES AND WOMEN AND GENDER STUDIES. IN ADDITION, STUDENTS HAVE DEVELOPED THEIR OWN PROGRAMS IN ASIAN AMERICAN AND MIDDLE EASTERN STUDIES. THESE CONCENTRATIONS ALLOW STUDENTS TO SYNTHESIZE ACROSS DISCIPLINES, EXPLORING THE CULTURE THROUGH HISTORY, LITERATURE, LANGUAGE, SOCIOLOGY ANTHROPOLOGY AND ART. THROUGH THESE STUDIES, STUDENTS GAIN A DEEPER APPRECIATION OF THE WORLDS CULTURES AND TRADITIONS. RELIGIOUS STUDIES EXPLORE THE GLOBAL RELIGIONS AND TRADITIONS AND ALSO LOOK AT CHRISTIAN AND CATHOLIC EXPERIENCES AROUND THE WORLD. IN SOCIOLOGY, STUDENTS EXAMINE THE SOCIETAL STRUCTURES THAT FRAME THE IMPACT OF GLOBALIZATION ON OUR PERCEPTION OF ETHNIC AND SOCIETAL IDENTITY. BIOLOGY STUDENTS LOOK AT THE IMPACT OF TECHNOLOGY, DEVELOPMENT, AND Form 990 Part III Line 4A GLOBALIZATION ON OUR NATURAL RESOURCES. MODERN LANGUAGES AND LITERATURE PROVIDE STUDENTS A STRONG FOUNDATION, EVEN FLUENCY, IN FOREIGN LANGUAGES, BUT ALSO PROVIDES INSIGHT INTO THE CUTLURE OF THOSE WHO SPEAK THE LANGUAGE, THROUGH LITERATURE, ART AND HISTORY. Form 990 Part III Line 4A THE COLLEGES CENTER FOR RELIGION, ETHICS AND CULTURE PROVIDES A PLACE FOR INTERDISCIPLINARY DIALOGUE AND EXPLORATION ABOUT BASIC HUMAN QUESTIONS. ITS PROGRAMS AIM TO INCREASE UNDERSTANDING OF A VARIETY OF RELIGIOUS, ETHICAL AND CULTURAL TRADITIONS, AND TO EXAMINE HOW THEY RELATE TO CATHOLIC TRADITIONS AND CURRENT ISSUES. THE CENTER FOSTERS DIALOGUE THAT RESPECTS DIFFERENCES, PROVIDING A FORUM FOR INTELLECTUAL EXCHANGE THAT IS INTER-RELIGIOUS AS WELL AS INTERSICIPLINARY, INTERCULTURAL AND INTERNATIONAL IN SCOPE. AT THE SAME TIME, IT EXPLORES THE WHOLE WHICH TRANSCENDS DIFFERENCES AND APPEALS TO OUR COMMON HUMANITY. THE CENTER SPONSORS PUBLIC CONFERENCES, LECTURES AND FORUMS ON A WIDE RANGE OF TOPICS. A SAMPLING OF PAST PROGRAMS INCLUDE AGING, ETHICS AND SPIRITUALITY HISTORIC PRESERVATION OF CHURCHES MEDIA, ETHICS AND VALUES NATIVE AMERICAN SPIRITUALITY AND CULTURE Form 990 Part III Line 4A JEWISH-CHRISTIAN UNDERSTANDING ASIAN VALUES IN TRANSITION ANATOMY OF EVIL AND FORGIVENESS. Form 990 Part III Line 4A THE CAMPUS LIBRARIES AT HOLY CROSS - DINAND, FENWICK MUSIC, OCALLAHAN SCIENCE, ARCHIVAL AND SPECIAL COLLECTIONS, AND RHEM - ARE ALSO AVAILABLE TO THE PUBLIC FOR SCHOLARLY RESEARCH. THE LIBRARIES HAVE AN EXTENSIVE COLLECTION OF BOOKS, JOURNALS, TAPES, VIDEOS, CDS, LPS, PHOTOGRAPHS AND ELECTRONIC RESOURCES. THE LIBRARY COLLECTION INCLUDES MORE THAN 650,000 VOLUMES, 4,500 PERIODICALS, 14,000 SOUND RECORDINGS, 7,000 MUSIC SCORES AND 40,000 ART HISTORY SLIDES. THE COLLECTION INCLUDES THE FOLLOWING ITEMS OF PARTICULAR INTEREST INCUNABULA BOOKS PRINTED PRIOR TO 1500, JESUITANA BOOKS PRINCIPALLY BY JESUIT AUTHORS OF THE 15TH TO 17TH CENTURIES, AMERICANA BOOKS OF SPECIAL INTEREST PUBLISHED IN AMERICA PRIOR TO 1829, JOHN HENRY CARDINAL NEWMAN 1801-1890 COLLECTION LETTERS AND FIRST EDITIONS, JAMES MICHAEL CURLEY 1874-1958 COLLECTION SCRAPBOOKS, NEWSPAPER CLIPPINGS, MICROFILM. CURLEY Form 990 Part III Line 4A WAS MAYOR OF BOSTON AND GOVERNOR OF MASSACHUSETTS, LOUISE IMOGENE GUINEY 1861-1920 COLLECTION POEMS, ESSAYS, CORRESPONDENCE, AND PHOTOGRAPHS, FRANK W. STEARNS 1856-1939 COLLECTION CORRESPONDENCE, SCRAPBOOKS. STEARNS WAS A BOSTON MERCHANT AND General Alumni Assoc 1 College Street Worcester MA 01610 Support MA 146320 6217 N/A Holy Cross Club of Boston 1 College Street Worcester MA 01610 Support MA 14232 N/A Alchemy Plan LP Trafalgar Court Les Banques St Peter Port GK GY13QL 980376083 Investing GK NA Investment 2129053 14632736 true false 0.99500 A C CHARITABLE REMAINDER TRUST 1 College Street Worcester MA 01610 046418543 Charitable Rm Trust MA N/A Trust 112697 0.67000 J F CHARITABLE REMAINDER TRUST 1 College Street Worcester MA 01610 436895350 Charitable Rm Trust MA N/A Trust 332949 0.52000 false false false false false false false false false false false false false false false false true true Alchemy Plan LP q 113138 FMV Alchemy Plan LP r 1635096 FMV