2011-05-13T09:30:53-07:00 2010-06-30 990 2009-07-01 042103542 AMHERST COLLEGE TRUSTEES AMHE 4135422101 PO Box 5000 Comptrollers Office Amherst MA 01002 Stephen Nigro 4135422101 2011-05-11 2009 2016-02-24 21:20:13Z Anthony Marx PO Box 5000 Comptrollers Office Amherst MA 01002 727970912 0 X www.amherst.edu X 1821 MA Amherst College educates men and women of exceptional potential from all backgrounds so that they may seek, value and advance knowledge, engage the world around them, and lead principled lives of consequence. Amherst brings together the most promising students, whatever their financial need, in order to promote diversity of experience and ideas within a purposefully small residential community. Working closely with faculty, staff and administrators dedicated to intellectual freedom and the highest standards of instruction in the liberal arts, Amherst undergraduates assume substantial responsibility for undertaking inquiry and for shaping their education within and beyond the curriculum. Amherst College is committed to learning through close colloquy and to expanding the realm of knowledge through scholarly research and artistic creation at the highest level. Its graduates link learning with leadership - in service to the College, to their communities, and to the world beyond. 21 20 2891 2445 -7852239 -8791804 37805177 136669734 81059739 85721442 32096829 17011713 6348188 5221815 157309933 244624704 33569572 37643193 0 0 85953501 85759181 0 0 5682366 90839091 90178633 210362164 213581007 -53052231 31043697 2280294376 2458499283 418558567 423797614 1861735809 2034701669 Amherst College educates men and women of exceptional potential from all backgrounds so that they may seek, value and advance knowledge, engage the world around them, and lead principled lives of consequence. Amherst brings together the most promising students, whatever their financial need, in order to promote diversity of experience and ideas within a purposefully small residential community. Working closely with faculty, staff and administrators dedicated to intellectual freedom and the highest standards of instruction in the liberal arts, Amherst undergraduates assume substantial responsibility for undertaking inquiry and for shaping their education within and beyond the curriculum. Amherst College is committed to learning through close colloquy and to expanding the realm of knowledge through scholarly research and artistic creation at the highest level. Its graduates link learning with leadership - in service to the College, to their communities, and to the world beyond. 0 0 151496967 36929016 87563457 Higher Education: Undergraduate Education, Amherst College is an undergraduate institution with an approximate student enrollment of 1709 and total faculty and staff of approximately 841. 9573033 664874 2882636 Home to the world's largest Shakespeare collection, the Folger Shakespeare Library is a major center for scholarly research; a lively venue for performances, readings, and exhibitions; and a national leader in humanities education. 0 0 0 161070000 1 1 0 1 1 0 1 1 1 1 0 1 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 2408 0 1 2891 1 1 1 0 0 0 0 1 1 0 0 0 21 20 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X Stephen Nigro 4135422101 PO Box 5000 Comptrollers Office Amherst MA 01002 Danielle S Allen 0 X 0 0 0 Alan S Bernstein 0 X 0 0 0 Brian J Conway 0 X 0 0 0 Colin S Diver 0 X 0 0 0 William E Ford 0 X 0 0 0 Howard Gardner 0 X 0 0 0 David A Kessler 0 X 0 0 0 Richard S LeFrak 0 X 0 0 0 Christopher S Lehane 0 X 0 0 0 John S Middleton 0 X 0 0 0 Cullen Murphy 0 X 0 0 0 Hope Pascucci 0 X 0 0 0 Sarah Bloom Raskin 0 X 0 0 0 Paula K Rauch 0 X 0 0 0 Joseph E Stiglitz 0 X 0 0 0 Blair H Taylor 0 X 0 0 0 Scott F Turow 0 X 0 0 0 Diana Chapman Walsh 0 X 0 0 0 Laura J Yerkovich 0 X 0 0 0 Jide J Zeitlin 0 X 0 0 0 Anthony Marx 40 X 300747 0 281709 Stephen Nigro 40 X 102594 0 10797 Gail Paster 40 X 220474 0 24579 Susan Pikor 40 X 119510 0 20093 Peter Shea 40 X 205905 0 48380 James Brassord 40 X 199845 0 28526 Gregory Call 40 X 219833 0 32023 Mauricia Geissler 40 X 323801 0 45756 Megan Morey 40 X 212933 0 40505 Paul Murphy 40 X 199419 0 38162 Thomas Parker 40 X 199729 0 28396 Hadley Arkes 40 X 192705 0 29953 Joseph Cullen 40 X 205769 0 43353 Larry Hunter 40 X 189067 0 48950 Stanley Rabinowitz 40 X 196291 0 25805 Austin Sarat 40 X 243164 0 41196 3331786 0 788183 136 0 1 0 Aquadro & Cerruti Inc Texas Road Northampton MA 01060 Contractor 3347499 Wright Builders Inc 48 Bates Street Northampton MA 01060 Contractor 2706587 The Baupost Group LLC 10 Saint James Ave Ste 1700 Boston MA 02116 Investment Manager 6178594 Lone Sierra LP Two Greenwich Plaza Greenwich Plaza CT 06830 Investment Manager 2581538 Regiment Capital Advisors 222 Berkeley Street Boston MA 02116 Investment Manager 3120852 75 0 0 248077 0 1997812 134423845 2441157 136669734 Tuition and other student fees 611310 65990847 65990847 0 0 Room and board 611310 17023776 17023776 0 0 Box office admissions 711130 1154702 1154702 0 0 Folger Consort 711130 333559 333559 0 0 Folger Institute 611710 525882 525882 0 0 692676 692676 0 0 85721442 31805462 0 -8240152 40045614 29584 0 0 29584 249417 249417 0 0 831547 0 765530 0 66017 0 66017 66017 0 0 467092962 591429 482388295 119429 -15295333 472000 -14823333 0 -109251 -14714082 80337 248077 72954 7383 7383 0 0 Dining services 722210 1003822 1003822 0 0 Other residence halls 721000 272804 272804 0 0 Summer conferences 611710 1372594 895300 477294 0 2249778 2229908 19870 0 4898998 244624704 90446093 -7852239 25361116 180173 180173 37346956 37346956 116064 116064 2886472 875532 1757658 253282 0 63685118 53656840 7009949 3018329 14666797 11046585 2932320 687892 4520794 3643769 672054 204971 0 531817 531817 227981 227981 11891 11891 30355091 30355091 1345772 1157975 187797 1058620 220775 676979 160866 2767452 2177587 503674 86191 2378706 1665094 642251 71361 12580812 12077580 251616 251616 2552988 1932271 201673 419044 8346121 8012277 166922 166922 15546556 14924694 310931 310931 1256708 1256708 Equipment and vehicles 225813 158069 60970 6774 Food 2203500 2203500 0 0 Library books 2714860 2714860 0 0 College sponsored research 1436336 1436336 0 0 Student health 745905 745905 0 0 3891704 3508559 338958 44187 213581007 161070000 46828641 5682366 2534199 35993140 261096679 111997246 53140954 125301951 5552955 4506674 217676 209690 4001311 672433 510092 497225 4688177 3677159 539231396 183932681 354917817 355298715 123864475 330407971 1435616824 1454298885 4014071 3827077 30139146 31811117 2280294376 2458499283 11728889 8878917 2070632 2036612 3064761 3717833 220340000 217865000 357836 482082 180996449 190817170 418558567 423797614 X 657929190 680709394 896870746 933727137 306935873 420265138 1861735809 2034701669 2280294376 2458499283 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 11891 0 0 1 0 11891 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The Trustees of Amherst College paid Chernikoff and Company $11,891 on behalf of the Folger Shakespeare Memorial Library for lobbying activities during its fiscal year ended June 30, 2010. In addition, Amherst College pays membership fees in various organizations that may perform a limited amount of lobbying activities such as NAICU-National Association of Independent Colleges and Universities, AICUM-Association of Independent Colleges and Universities in Massachusetts and COFHE-Consortium on Financing Higher Education. 0 1 0 0 0 0 0 360755 1 1 0 0 X X X X 0 0 1 1528772057 37726786 163262077 15407641 65082445 31836071 1617434763 1999380254 10800585 -374648168 14276242 66544789 25939583 1528772057 0.28 0.71 0.01 0 0 0 8208869 8208869 0 417436927 99549417 317887510 0 0 0 0 0 102235680 77770428 24465252 0 11349920 6612836 4737084 355298715 Domestic equities 465815 F Global equities 49084263 F Foreign equities 143400533 F Private equities 333081501 F Fixed income 167269694 F Absolute return 438828845 F Real estate and natural resources 313231487 F Other investments 8936747 F 1454298885 Student loans 3827077 C 3827077 Beneficial interest in perptual trusts 13831812 Folger collection 17979305 31811117 0 Liability for life income obligation 32725229 Post retirement benefit obligation 45927287 Other liabilities 14611854 Taxable bond 97552800 190817170 SchD_P03_S00_L01 Schedule D, Part III, Line 1 See Schedule D, Part III, Line 4. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Trustees of Amherst College does not capitalize gifts in kind of art, historical treasures or other similar assets held for public exhibition, etc. Amherst College does not capitalize the purchases of art, historical treasures or other similar assets held for public exhibition, etc. The Folger Shakespeare Memorial Library (the Library), does capitalize purchases to its collection. The text of the footnote of the financial statements that describes these items is as follows: Purchases for Library's the collections are recorded at cost. The collections are reduced by the proceeds from a sale, resulting in the recognition of no gain or loss. Sales are not significant. The Folger Shakespeare Memorial Library holds the largest and most complete collection of Shakespeareana in the world and the largest collection of English printed books from 1475 to 1640 outside of England, as well as extensive Continental Renaissance holdings. The collection spans a broad range of subjects and includes books, manuscripts, documents, paintings, illustrations, tapestries, furnishings, musical instruments, scores, and curios from the Renaissance and theater history. The collection is a source of research for scholars from all over the world and is shared with the public through extensive exhibitions. The collection is exhibited within the Folger Shakespeare Memorial Library in Washington, D.C. where the collection is maintained in secure, climate controlled storage. The Emily Dickinson Museum (part of Amherst College) consists of two historic houses, and their contents, in the center of Amherst, Massachusetts, closely associated with the poet Emily Dickinson and members of her family during the nineteenth and early twentieth centuries. The Museum is dedicated to educating diverse audiences about Emily Dickinson's life, family, creative work, times, and enduring relevance, and to preserving and interpreting the Homestead and The Evergreens as historical resources for the benefit of scholars and the general public. The College has collections housed in the Mead Art Museum and the Museum of Natural History. The Mead Art Museum exhibits selections from its diverse collection of 16,000 works including American art, Russian modernist art, French art, British portraiture, African art, Japanese art, 19th and 20th century photography, and master and modern prints and drawings. The Museum of Natural History houses research collections of vertebrate and invertebrate paleontology, minerals, anthropology and modern vertebrates, as well as numerous exhibits which illustrate the evolution and ecology of major groups of animals. The College's collections are exhibited on campus where they are maintained. The College and the Library maintain policies and procedures addressing the collections' upkeep as well as other aspects of their management, including accession and deaccession policies. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b The Trustees of Amherst College serves as the custodian of funds owned by certain student groups and the Amherst Inn Company. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The mission of the Trustees of Amherst College's endowment is to provide financial support in order that the College may provide a quality education to all admitted students as articulated in the mission statement of Amherst College. The endowment is managed for the purpose of ensuring that current and future spending requirements are supported, while also preserving the endowment fund in perpetuity. The endowment provides spendable income for such expenses of the College including financial aid, professorships, capital spending, other restricted expenses as dictated by the donor and general operating costs of the College. SchD_P10_S00_L00 Schedule D, Part X . 1 1 1 The following statement is in the College's annual catalog, admission application, yearly admission report sent to all secondary schools and brochure "this is Amherst" describing the College to all interested parties; "Amherst does not discriminate in its admission or employment policies and practices on the basis of extrinsic factors such as race, sex, sexual orientation, age, color, religion, national origin, disability or status as a veteran of the Vietnam era or as a disabled veteran." 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The Trustees of Amherst College receives federal grants for research, etc and is a pass through entity for certain federal and state financial aid. 1 1 Europe (including Iceland and Greenland) 0 0 Grantmaking 68531 East Asia and the Pacific 0 0 Grantmaking 23213 Sub-Saharan Africa 0 0 Grantmaking 8932 Middle East and North Africa 0 0 Grantmaking 6075 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 6724 Central America and the Caribbean 0 0 Grantmaking 2162 South Asia 0 0 Grantmaking 427 North America (including Canada and Mexico, but not the United States) 0 0 Fundraising 561 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 30165 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Travel and related expenses for student recruitment and support. 1697 Central America and the Caribbean 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 36961 Central America and the Caribbean 0 0 Program Services Travel and related expenses for student recruitment and support. 1686 East Asia and the Pacific 0 0 Investments Travel of investment office. 1731 East Asia and the Pacific 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 30576 Europe (including Iceland and Greenland) 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 118101 Europe (including Iceland and Greenland) 0 0 Investments Travel of investment office. 2794 Europe (including Iceland and Greenland) 0 0 Program Services Travel and related expenses for student recruitment and support. 5218 Middle East and North Africa 0 0 Program Services Travel and related expenses for student recruitment and support. 750 Middle East and North Africa 0 0 Investments Travel of investment office. 845 Middle East and North Africa 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 1554 Russia and the newly independent States 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 2947 Sub-Saharan Africa 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 10196 Sub-Saharan Africa 0 0 Fundraising 784 Sub-Saharan Africa 0 0 Program Services Travel and related expenses for student recruitment and support. 3646 South America 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 6094 South Asia 0 0 Program Services Travel and related expenses for faculty and staff recruitment, conferences, lecturers and research. 9336 Europe (including Iceland and Greenland) 0 0 Program Services Travel and related expenses for conferences and support of the Folger Shakespeare Memorial Library. 15519 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Travel and related expenses for conferences and support of the Folger Shakespeare Memorial Library. 10897 Europe (including Iceland and Greenland) 0 0 Investments 0 Central America and the Caribbean 0 0 Investments 0 0 0 408122 Amherst College institutional scholarship awarded to Amherst College student for study abroad program Europe (including Iceland and Greenland) 5 39525 Bank wire transfer Amherst College institutional scholarship awarded to Amherst College student for study abroad program East Asia and the Pacific 1 12904 Bank wire transfer Undergraduate fellowships awarded to Amherst College students for internships & research programs. Sub-Saharan Africa 2 8932 check Undergraduate fellowships awarded to Amherst College students for internships & research programs. Middle East and North Africa 1 6075 check Undergraduate fellowships awarded to Amherst College students for internships & research programs. Europe (including Iceland and Greenland) 2 8593 check Undergraduate fellowships awarded to Amherst College students for internships & research programs. North America (including Canada and Mexico, but not the United States) 2 3865 check Undergraduate fellowships awarded to Amherst College students for internships & research programs. Central America and the Caribbean 2 2162 check Undergraduate fellowships awarded to Amherst College students for internships & research programs. Europe (including Iceland and Greenland) 4 15010 check Undergraduate fellowships awarded to Amherst College students for internships & research programs. Undergraduate fellowships awarded to Amherst College students for internships & research programs. South Asia 1 427 check Travel Allowance for attendees of World Futures Council Conference. Europe (including Iceland and Greenland) 9 13996 check Travel Allowance for attendees of World Futures Council Conference North America (including Canada and Mexico, but not the United States) 2 2859 check Travel Allowance for attendees of World Futures Council Conference SchF_P01_S00_L02 Schedule F, Part I, Line 2 Disbursements in furtherance of the institution's exempt programs are made in accordance with procedures or subject to conditions established by the institutions governing board designed to insure that individuals and organizations receiving disbursements from the institution in furtherance of its exempt purpose are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy by the institution on the basis of criteria such as academic achievement (fellowships) and financial need (scholarships and fellowships). Folger Gala 249400 216821 32579 0 0 0 0 0 48543 Folger Aquisition Night 57600 20450 37150 0 0 0 0 0 12500 2 21414 10806 10608 0 0 0 0 0 11911 328414 248077 80337 0 0 0 0 0 72954 72954 7383 1 Town of Amherst 4 Boltwood Avenue Amherst MA 01002 046001068 government entity 90000 Support town budget WFCR Foundation Inc c/o Hampshire House 131 Country Circle Amherst MA 01002 046103523 501(c)(3) 37150 Support of public radio Woodside Children's Center 155 Woodside Avenue Amherst MA 01002 042888548 501(c)3 49303 31737 FMV Contributed use of space Support operations 2 0 Amherst College undergraduate institutional scholarships 1003 34453750 Undergraduate fellowships for independent research and internships 272 652564 57643 FMV Housing Undergraduate academic awards 129 156183 Thesis research awards and financial support for graduating seniors 36 22873 Graduate fellowship awards 91 651945 Grants awarded to local highschool teachers to attend continuing educational seminars. 21 57320 9472 FMV Housing Tuition assistance for Amherst College employees and their dependents 93 608792 Travel grants awarded for World Future Council Members to attend conference 5 11540 Folger Shakespeare Memorial Library poetry award 1 10000 Folger Shakespeare Memorial Library fellowship awards 224 654874 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Disbursements in furtherance of the institution's exempt programs are made in accordance with procedures or subject to conditions established by the institutions governing board designed to insure that individuals and organizations receiving disbursements from the institution in furtherance of its exempt purpose are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships and fellowships are judged worthy by the institution on the basis of criteria such as academic achievement (fellowships) and financial need (scholarships and fellowships). X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 Anthony Marx 279207 0 0 0 21541 0 204510 0 77199 0 582457 0 0 Gail Paster 217350 0 0 0 3124 0 24579 0 0 0 245053 0 0 Peter Shea 204847 0 0 0 1058 0 30237 0 18143 0 254285 0 James Brassord 199596 0 0 0 248 0 22269 0 6257 0 228370 0 0 Gregory Call 219524 0 0 0 309 0 24875 0 7148 0 251856 0 0 Mauricia Geissler 323243 0 0 0 558 0 26485 0 19272 0 369558 0 0 Megan Morey 212633 0 0 0 300 0 23457 0 17048 0 253438 0 0 Paul Murphy 193558 0 0 0 5861 0 20882 0 17281 0 237582 0 0 Thomas Parker 198374 0 0 0 1354 0 22389 0 6007 0 228124 0 0 Hadley Arkes 190160 0 0 0 2545 0 21705 0 8248 0 222658 0 0 Joseph Cullen 205319 0 0 0 450 0 24081 0 19272 0 249122 0 0 Larry Hunter 188417 0 0 0 650 0 21741 0 27209 0 238017 0 0 Stanley Rabinowitz 195214 0 0 0 1077 0 18657 0 7148 0 222096 0 0 0 Austin Sarat 241731 0 0 0 1434 0 23673 0 17523 0 284361 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President is required to maintain a personal residence on campus as a condition of employment for the convenience of the employer. Certain personal services are provided to maintain this residence. Occasional personal services provided to the President and his family and expenses incurred by the President's family when accompanying the President on College related business trips are considered personal expenses and added to the President's taxable compensation, including the value of the related tax liability. These expenses are reviewed and monitored by personnel in the Treasurer's Office. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The College participated in an annual survey of comparable institutions which compared historic salaries and designated benefits for the chief executive. The Board of Trustees delegated to an ad hoc Committee on Compensation, consisting of independent trustees, authority to determine the compensation of the President in accordance with the Compensation Policy for Designated Individuals approved by the Board in May 1998. The Committee on Compensation reviewed the relevant survey information, conducted an annual evaluation of the President, determined the President's compensation and contemporaneously documented its decision. The Committee on Compensation shared its findings and compensation decision with the Board of Trustees. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Anthony Marx 6/30/2010 deferred compensation contribution $170,525. MHEFA Series H 042456011 57585K4R6 2003-06-26 50000000 Construction 0 0 MHEFA Series J 042456011 57586CHB4 2005-06-30 50000000 Construction 0 0 MHEFA Series K-2 042456011 57586EDK4 2009-01-15 50520000 Construction 0 0 MHEFA Series I 042456011 57586CHB4 2005-06-30 29700000 Advanced refunding of Series G 0 0 MHEFA Series K-1 042456011 57586EDK4 2009-01-15 7580224 Refunding of Series G 0 0 50000000 0 0 0 400000 0 49600000 2005 0 0 1 1 50000000 0 0 0 609605 0 49390395 2007 0 0 1 1 50520000 0 0 7278578 598874 0 44814534 2011 0 0 0 1 29700000 0 0 0 281717 0 0 2005 0 1 1 1 7580224 0 0 0 0 0 0 2009 1 0 1 1 0 0 1 1 1 0 0.021 0.021 1 0 0 1 1 1 0 0.036 0.036 1 0 1 1 1 1 0 0.022 0.022 1 0 1 0 0 0 1 0 1 1 Bank of America Merrill Lynch 25 0 0 1 0 1 0 0 0 1 0 1 1 Bank of America Merrill Lynch 18 0 0 1 0 0 0 0 0 1 Megan Morey Mortgage X 200000 190676 0 1 1 Thomas Parker Mortgage X 34559 19014 0 1 1 209690 X 29 0 N/A X 0 N/A X 238 2441157 FMV X 11 0 N/A X piano 1 0 N/A X Wedgewood plates 1 0 N/A 9 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Peter Shea, Paul Murphy and James Brassord are Officers of Amherst Inn Company. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The financial officers of the College reviewed Form 990, including all schedules with the President of the College, the Audit Committee and the Chairman of the Board of Trustees prior to filing this form. The remaining members of the Board of Trustees were provided a full copy of Form 990 prior to filing with the exception of Schedule B. In order to respect the wishes of donors that gave gifts with the assumption of remaining anonymous, the review of Schedule B was conducted by the Audit Committee and Chairman of the Board of Trustees and the President of the College. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All individuals covered by the policy complete a Conflict of Interest Disclosure Statement with the Secretary of the Board of Trustees (the "Secretary") annually. The Secretary accumulates all disclosure statements and furnishes a summary to the Conflict of Interest Review Committee. In all instances where the Conflict of Interest Review Committee determines that a conflict of interest does exist, such conflicts, and their remedy, are disclosed to the Board of Trustees at the next meeting. The Conflict of Interest Committee reports to the Board at least annually. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The College participated in an annual survey of comparable institutions which compared historic salaries and designated benefits for the chief executive officer and senior administrative staff. The College's President reviewed with the Board of Trustees the relevant survey information as well as senior staff performance evaluations and discussed annual salary adjustments. The Board of Trustees delegated to an ad hoc Committee on Compensation, consisting of independent trustees, authority to determine the compensation of the President. As provided in the Compensation Policy for Designated Individuals approved by the Board in May 1998, the Committee on Compensation reviewed the relevant survey information, conducted an annual evaluation of the President, determined the President's compensation and contemporaneously documented its decision. The Committee on Compensation shared its findings and compensation decision with the Board of Trustees. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Trustees of Amherst College make the annual financial statements available on its website and by mail to certain interested third parties. The conflict of interest policy is also available on the website. Woodside Children's Center 155 Woodside Avenue Amherst MA 01002 042888548 Children's daycare MA 501(c)(3) 509(a)(3)III-O N/A Amherst College Foundation Trust JP Morgan Svcs Inc PO Box 6089 Newark DE 197146089 516522862 Supporting Organization NY 501(c)(3) PF N/A Wise Fund for the Fine Arts PO Box 5000 Comptrollers Office Amherst MA 01002 237270221 Supporting fine arts MA 501(c)(3) 509(a)(3)l N/A Amherst College Harry Elwin Harkness class of 1898 PNC Bank NA 620 Liberty Avenue Pittsburgh PA 152222705 222891327 Supporting organization PA 501(c)(3) 509(a)(3) lll-FI N/A Associated Kyoto Program Inc Controllers Office Smith College Northampton MA 01063 042996114 Supporting Organization MA 501(c)(3) 509(a)(3)lll N/A Amherst Inn Company-MA 30 Boltwood Ave Amherst MA 01002 041555120 Real Estate Leasing MA N/A C -269155 3639173 0.85 Amherst Inn Company-DE Amherst College 155 S Pleasant St Amherst MA 01002 272334296 Real Estate MA N/A C -26078 6892616 1 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 Amherst College Foundation Trust a-i 502435 Amherst College Harry Elwin Harkness class of 1898 a-i 22670 Wise Fund for the Fine Arts r 4124842 Amherst Inn Company-MA q 2045528 Amherst Inn Company-DE d 6263931