LAFAYETTE COLLEGE: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: LAFAYETTE COLLEGE (EIN 24-0795686)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-05-13
IRS object ID: 201141339349302174
Schema version: 2009v1.7
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-13T09:56:34-05:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GRANT THORNTON LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2001 MARKET STREET SUITE 3100	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	19103	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	240795686	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Lafayette College	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LAFA	NameControl
Phone	6103305136	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	730 High St 202 Markle Hall	AddressLine1
City	Easton	City
State	PA	State
ZIP Code	180421779	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	PAUL ZIMMERMAN	Name
Title	CONTROLLER	Title
Phone	6103305136	Phone
Date Signed	2011-05-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	2155614200	Phone

Field	Value	IRS element (for citing)
Tax Year	2009	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Dr Daniel H Weiss President	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	730 High St 202 Markle Hall	AddressLine1
City	Easton	City
State	PA	State
ZIP Code	180421779	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	271226789	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.lafayette.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1832	YearFormation
State Legal Domicile	PA	StateLegalDomicile
Activity Or Mission Description	Provision of educational services as an accredited four-year undergraduate college.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	34	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	31	NbrIndependentVotingMembers
Total Nbr Employees	2421	TotalNbrEmployees
Total Nbr Volunteers	5071	TotalNbrVolunteers
Total Gross UBI	12535	TotalGrossUBI
Net Unrelated Business Txbl Income	-66667	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	16882495	ContributionsGrantsPriorYear
Contributions Grants Current Year	14985223	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	108434787	ProgramServiceRevenuePriorYear
Program Service Revenue CY	115460202	ProgramServiceRevenueCY
Investment Income Prior Year	6169145	InvestmentIncomePriorYear
Investment Income Current Year	22558150	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1102671	OtherRevenuePriorYear
Other Revenue Current Year	1293269	OtherRevenueCurrentYear
Total Revenue Prior Year	132589098	TotalRevenuePriorYear
Total Revenue Current Year	154296844	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	32815618	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	34794844	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	66960711	SalariesEtcPriorYear
Salaries Etc Current Year	68802760	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	118179	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	26371	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	3247097	TotalFundrsngExpCurrentYear
Other Expense Prior Year	62935943	OtherExpensePriorYear
Other Expenses Current Year	64046527	OtherExpensesCurrentYear
Total Expenses Prior Year	162830451	TotalExpensesPriorYear
Total Expenses Current Year	167670502	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-30241353	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-13373658	RevenuesLessExpensesCY
Total Assets BOY	882585963	TotalAssetsBOY
Total Assets EOY	934713850	TotalAssetsEOY
Total Liabilities BOY	258100518	TotalLiabilitiesBOY
Total Liabilities EOY	265523172	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	624485445	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	669190678	NetAssetsOrFundBalancesEOY
Mission Description	Mission Statement as Approved 5/28/83 by the Board of Trustees: In an environment that fosters the free exchange of ideas, Lafayette College seeks to nurture the inquiring mind and to integrate intellectual, social, and personal growth. The college strives to develop students' skills of critical thinking, verbal communication, and quantitative reasoning and their capacity for creative endeavor: it encourages students to examine the traditions of their own culture and those of others, to develop systems of values that include an understanding of personal, social, and professional responsibility, and to regard education as indipensible, life-long process.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	85606924	Expense
Grants	107500	Grants
Revenue	93025576	Revenue
Description	Instruction, Research , Student Services for 2,365 Full-time students (Fall 2009 semester) including 2 non-degree candidates and 41 Part-time students including 26 non-degree candidates. Also includes site revenues and expenses for the Johns Hopkins University Center for Talented Youth Program. Public Service - Greater Easton Development Partnership for Easton Ambassadors program Student Services include Enrollment Management (Admissions, Financial Aid, Registrar), Health and Counseling Centers, Dean of Students, Multicultural Affairs, Cultural Programs, Intramurals/Recreation, Intercollegiate Athletics. Religious Programs, Career Planning & Placement, Student Activities and Student Organizations Support. Academic Support: Services such as Libraries (2), Information Technology, Academic Counseling, Course & Curriculum Development and Faculty Recruitment.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	34687344	Expense
Grants	34687344	Grants
Description	Undergraduate Scholarships/Grants to Students (1,267 students, including 3 foreign exchange) through the College's Financial Aid Office ($34,321,966). Prizes, Awards and Fellowships and other awards ($146,064) to approximately 166 students and net HELP Loan Interest Subsidy Expense ($219,314) for approximately 395 Borrowers.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	19114459	Expense
Revenue	22434626	Revenue
Description	Auxiliary Services: Student Residence - Approximately 2,244 (Fall 2009 semester) resided in the College's Residence Halls, Fraternities/Sororities and College-owned off campus residences. Also includes Dining Services (all day students must participate in the Dining program).	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	139408727	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	true	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Balance Sheet Amounts Reported	true	BalanceSheetAmountsReported
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	true	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	true	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	true	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3046	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	2421	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Nbr Voting Governing Body Members	34	NbrVotingGoverningBodyMembers
Number Independent Voting Members	31	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	PA	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	PAUL ZIMMERMAN CONTROLLER	NamePerson
Telephone Number	6103305137	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	730 HIGH ST 202 MARKLE HALL	AddressLine1
City	Easton	City
State	PA	State
ZIP Code	18042	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (48 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	FormerFormer
EDWARD W AHART
SECRETARY	5.0	X	0	0	0
CARL G ANDERSON JR
TRUSTEE	2.0	X	0	0	0
MARY STENGEL AUSTIN
TRUSTEE	2.0	X	0	0	0
MARGARET G AXELROD
TRUSTEE	2.0	X	0	0	0
SUSAN B CARRAS
EXECUTIVE COMMITTEE	3.0	X	0	0	0
SAMUEL R CHAPIN
TRUSTEE	2.0	X	0	0	0
JOSEPH T COX
TRUSTEE	2.0	X	0	0	0
JEFFREY P FEATHER
TRUSTEE	2.0	X	0	0	0
JAMES R FISHER
TRUSTEE	2.0	X	0	0	0
BRENT D GLASS
TRUSTEE	2.0	X	0	0	0
ALAN R GRIFFITH
CHAIR	5.0	X	0	0	0
RICHARD A GROSSMAN
TRUSTEE	2.0	X	0	0	0
MARTHA A HEINZE
TRUSTEE	2.0	X	0	0	0
PAMELA GAARY HOLRAN
TRUSTEE	2.0	X	0	0	0
GEORGE M JENKINS JR
EXECUTIVE COMMITTEE	3.0	X	0	0	0
HAROLD N KAMINE
EXECUTIVE COMMITTEE	3.0	X	0	0	0
JEFFERSON W KIRBY
TRUSTEE	2.0	X	0	0	0
NANCY J KUENSTNER
TRUSTEE	2.0	X	0	0	0
BARBARA LEVY
EXECUTIVE COMMITTEE	3.0	X	0	0	0
NANCY BRENNAN LUND
VICE CHAIR	5.0	X	0	0	0
ELISABETH H MACDONALD
EXECUTIVE COMMITTEE	3.0	X	0	0	0
BRUCE MAGGIN
EXECUTIVE COMMITTEE	3.0	X	0	0	0
ANGEL L MENDEZ
EXECUTIVE COMMITTEE	3.0	X	0	0	0
DONALD E MOREL JR
TRUSTEE	2.0	X	0	0	0
MICHAEL E MOSKOW
TRUSTEE	2.0	X	0	0	0
STEPHEN D PRYOR
TRUSTEE	2.0	X	0	0	0
J B REILLY
TRUSTEE	2.0	X	0	0	0
S KENT ROCKWELL
TRUSTEE	2.0	X	0	0	0
DAVID M ROTH
EXECUTIVE COMMITTEE	3.0	X	0	0	0
ALMA R SCOTT-BUCZAK
TRUSTEE	2.0	X	0	0	0
ROBERT E SELL
TRUSTEE	2.0	X	0	0	0
J PETER SIMON
EXECUTIVE COMMITTEE	3.0	X	0	0	0
SYLVIA DANIELS WEAVER
TRUSTEE	2.0	X	0	0	0
DANIEL H WEISS
PRESIDENT & TRUSTEE	65.0	X	439341	0	173680	X
WENDY L HILL
PROVOST	75.0		245102	0	61410	X
MITCHELL L WEIN
VP, FINANCE, ADMIN & TREASURER	65.0		266223	0	47201	X
LESLIE F MUHLFELDER
GEN COUNSEL/VP HR	55.0		198556	0	43663	X
JAMES F KRIVOSKI
VP STUDENT AFFAIRS	60.0		168538	0	64451	X
JAMES W DICKER
VP, DEV & COLLEGE RELATIONS	55.0		238572	0	49544	X
SHIRLEY M RAMIREZ
VP, INST PLANNING & COMM ENG	55.0		217875	0	64725	X
ROBERT J MASSA
VP COMMUNICATIONS	60.0		93348	0	18042	X
PAUL H ZIMMERMAN
ASSOC VP FIN, ADMIN & CONTROLL	50.0		161792	0	34794		X
FRANCIS B O'HANLON
HEAD MENS BASKETBALL COACH	55.0		202171	0	41129			X
WILLIAM M CRAIN
SIMON PROFESSOR	45.0		185304	0	39137			X
BRUCE A MURPHY
KIRBY PROFESSOR	45.0		184396	0	38460			X
JOHN KINCAID
MEYNER PROFESSOR	45.0		174779	0	36382			X
DONALD R CHAMBERS
HANSON PROFESSOR	45.0		167535	0	55345			X
Roberto Noya
Dean of Enrollment Services	55.0		216941	0	25213				X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	3160473	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	793176	TotalOtherCompensation
Number Individuals GT100 K	98	NumberIndividualsGT100K
Formers Listed	true	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
Sodexo Dining Services Inc
6081 Hamilton Blvd	ALLENTOWN	PA	18106	Dining Services	5695913
Miller Miller McLachlan Construc
				Construction	3412820
Elliott Management
712 Fifth Avenue	NEW YORK	NY	10019	Investment Manager	926036
Archstone Partners LP
360 Madison Ave 20th Floor	NEW YORK	NY	10017	Investment Manager	872077
Arthur J Gallagher Risk Mgt Serv
PO Box 71965	CHICAGO	IL	606947965	Insurance Broker	815816

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	53	NumberOfContractorsGT100K
Fundraising Events	6005	FundraisingEvents
Government Grants	1367302	GovernmentGrants
All Other Contributions	13611916	AllOtherContributions
Noncash Contributions	2688602	NoncashContributions
Total Contributions	14985223	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION & FEES	900099	91099094	91099094
AUXILIARY SERVICES	900099	21974051	21974051
ATHLETICS/SPORTS NETWORK	900099	1205324	1205324
JOHNS HOPKINS CTY	900099	668598	668598
SUMMER DINING	900099	460575	460575

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	52560	TotalRevenueColumn
Related Or Exempt Function Income	52560	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	115460202	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	13722634	TotalRevenueColumn
Unrelated Business Revenue	-352141	UnrelatedBusinessRevenue
Exclusion	$14,074,775	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	459	TotalRevenueColumn
Exclusion	$459	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	618564	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	595076	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	23488	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	23488	TotalRevenueColumn
Exclusion	$23,488	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	123181496	Securities
Other	12133	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	114355346	Securities
Other	3226	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	8826150	Securities
Other	8907	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	8835057	TotalRevenueColumn
Unrelated Business Revenue	306085	UnrelatedBusinessRevenue
Exclusion	$8,528,972	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	32730	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	37258	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	-4528	TotalRevenueColumn
Exclusion	-$4,528	ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	2175677	GrossSalesOfInventory
Cost Of Goods Sold	1939039	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	236638	TotalRevenueColumn
Unrelated Business Revenue	33591	UnrelatedBusinessRevenue
Exclusion	$203,047	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount	Unrelated Business RevenueUnrelatedBusinessRevenue
FEES, FINES, AND COST RECOVERY	900099	532714	$532,714
STUDENT TELECOMMUNICATIONS	517000	244372	$244,372
MISCELLANEOUS	900099	260585	$235,585	25000

Field	Value	IRS element (for citing)
Total Other Revenue	1037671	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	154296844	TotalRevenueColumn
Related Or Exempt Function Income	115460202	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	12535	UnrelatedBusinessRevenue
Exclusion	$23,838,884	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	107500	Total
Program Services	107500	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	34490419	Total
Program Services	34490419	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	196925	Total
Program Services	196925	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	2136095	Total
Program Services	172330	ProgramServices
Management And General	1754893	ManagementAndGeneral
Fundraising	208872	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	48364595	Total
Program Services	37053511	ProgramServices
Management And General	9491037	ManagementAndGeneral
Fundraising	1820047	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	4223325	Total
Program Services	3026490	ProgramServices
Management And General	1040047	ManagementAndGeneral
Fundraising	156788	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	10496007	Total
Program Services	7521573	ProgramServices
Management And General	2584773	ManagementAndGeneral
Fundraising	389661	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	3582738	Total
Program Services	2567438	ProgramServices
Management And General	882295	ManagementAndGeneral
Fundraising	133005	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	299155	Total
Management And General	297181	ManagementAndGeneral
Fundraising	1974	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	243698	Total
Management And General	243698	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	120699	Total
Management And General	120699	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	26371	Total
Fundraising	26371	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	9871194	Total
Management And General	9871194	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	6445548	Total
Program Services	3702000	ProgramServices
Management And General	2742991	ManagementAndGeneral
Fundraising	557	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	80686	Total
Program Services	31061	ProgramServices
Management And General	49625	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	2472196	Total
Program Services	1462480	ProgramServices
Management And General	766752	ManagementAndGeneral
Fundraising	242964	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1647927	Total
Program Services	1224990	ProgramServices
Management And General	422937	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	2551015	Total
Program Services	633	ProgramServices
Management And General	2550382	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	3756266	Total
Program Services	3307154	ProgramServices
Management And General	315404	ManagementAndGeneral
Fundraising	133708	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	513140	Total
Program Services	310253	ProgramServices
Management And General	115279	ManagementAndGeneral
Fundraising	87608	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	6441922	Total
Program Services	6217297	ProgramServices
Management And General	224625	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	13117568	Total
Program Services	12805149	ProgramServices
Management And General	312419	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	785604	Total
Program Services	259190	ProgramServices
Management And General	522422	ManagementAndGeneral
Fundraising	3992	Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
VARIOUS AUXILIARY SERVICES	9831366	9831366
OTHER MISCELLANEOUS EXPENSES	2562409	1653826	867500	41083
NON-OFFICE SUPPLIES	1687903	887004	800899
RECRUITING EXPENSES	773695	767766	5929
ALLOCATION OF INDIRECT OVERHEA		11616584	-11616584

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	844536	Total
Program Services	195788	ProgramServices
Management And General	648281	ManagementAndGeneral
Fundraising	467	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	167670502	Total
Program Services	139408727	ProgramServices
Management And General	25014678	ManagementAndGeneral
Fundraising	3247097	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	13195	BOY
EOY	17820	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	54395007	BOY
EOY	48642980	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	14186194	BOY
EOY	11859861	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1006309	BOY
EOY	1204477	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	4035017	BOY
EOY	4274572	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	542871	BOY
EOY	578542	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	3096564	BOY
EOY	3058493	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	428589757	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	169723582	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	262028259	BOY
EOY	258866175	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	151816726	BOY
EOY	186169458	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	386283513	BOY
EOY	411885210	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	5182308	BOY
EOY	8156262	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	882585963	BOY
EOY	934713850	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	49908438	BOY
EOY	47713476	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	1985255	BOY
EOY	2000200	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	6093233	BOY
EOY	6944143	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	166901104	BOY
EOY	171245904	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	177365	BOY
EOY	134945	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	33035123	BOY
EOY	37484504	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	258100518	BOY
EOY	265523172	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	196098102	BOY
EOY	211363818	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	189054014	BOY
EOY	211395935	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	239333329	BOY
EOY	246430925	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	624485445	BOY
EOY	669190678	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	882585963	BOY
EOY	934713850	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbying

Field	Value	IRS element (for citing)
Filing Organizations Totals	0	FilingOrganizationsTotals

Total Direct Lobbying TotalDirectLobbying

Field	Value	IRS element (for citing)
Filing Organizations Totals	120699	FilingOrganizationsTotals

Total Lobbying Expenditures TotalLobbyingExpenditures

Field	Value	IRS element (for citing)
Filing Organizations Totals	120699	FilingOrganizationsTotals

Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures

Field	Value	IRS element (for citing)
Filing Organizations Totals	167549803	FilingOrganizationsTotals

Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures

Field	Value	IRS element (for citing)
Filing Organizations Totals	167670502	FilingOrganizationsTotals

Lobbying Nontaxable LobbyingNontaxableAmount

Field	Value	IRS element (for citing)
Filing Organizations Totals	1000000	FilingOrganizationsTotals

Grassroots Nontaxable GrassrootsNontaxableAmount

Field	Value	IRS element (for citing)
Filing Organizations Totals	250000	FilingOrganizationsTotals

Field	Value	IRS element (for citing)
Tot Lobbying Grassroot Minus Non Tx		TotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying Nontx		TotLobbyExpendMnsLobbyingNontx

Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2

Field	Value	IRS element (for citing)
Current Year	120699	CurrentYear
Total	120699	Total

Field	Value	IRS element (for citing)
Lobbying Ceiling	$181,049	LobbyingCeilingAmount

Total Lobbying Expenditures2 TotalLobbyingExpenditures2

Field	Value	IRS element (for citing)
Current Year	120699	CurrentYear
Total	120699	Total

Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2

Field	Value	IRS element (for citing)
Current Year	250000	CurrentYear
Total	250000	Total

Field	Value	IRS element (for citing)
Grassroots Ceiling	$375,000	GrassrootsCeilingAmount

Grassroots Lobbying Expenditures GrassrootsLobbyingExpenditures

Field	Value	IRS element (for citing)
Current Year	0	CurrentYear
Total	0	Total

Form990 Schedule C Part IV Form990ScheduleCPartIV

Field	Value	IRS element (for citing)
Identifier	PART II-A 1B	Identifier
Explanation	A firm was engaged for the direct lobbying of congressmen and senators.	Explanation

Schedule D IRS990ScheduleD

Art Public Exhibition Amts ArtPublicExhibitionAmts

Field	Value	IRS element (for citing)
Revenues Included	416545	RevenuesIncluded
Assets In Part X	2317234	AssetsInPartX

Field	Value	IRS element (for citing)
Held Works Of Art Amts		HeldWorksOfArtAmts
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Collect Used For Preservation	X	CollectUsedForPreservation
Collect Used For Loan Or Exch Prgrms	X	CollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale	false	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	526566830	BeginningOfYearBalance
Contributions	2968035	Contributions
Investment Earnings Or Losses	74861818	InvestmentEarningsOrLosses
Grants Or Scholarships	8142053	GrantsOrScholarships
Other Expenditures	23057047	OtherExpenditures
Administrative Expenses	1475505	AdministrativeExpenses
End Of Year Balance	571722078	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	674092733	BeginningOfYearBalance
Contributions	9312825	Contributions
Investment Earnings Or Losses	-124340445	InvestmentEarningsOrLosses
Grants Or Scholarships	8848524	GrantsOrScholarships
Other Expenditures	21990211	OtherExpenditures
Administrative Expenses	1659548	AdministrativeExpenses
End Of Year Balance	526566830	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.20880	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.43100	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.36020	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3987752	OtherCostOrOtherBasis
Book Value	3987752	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	316434947	OtherCostOrOtherBasis
Depreciation	100841395	Depreciation
Book Value	215593552	BookValue

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	69619832	OtherCostOrOtherBasis
Depreciation	57508750	Depreciation
Book Value	12111082	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	38547226	OtherCostOrOtherBasis
Depreciation	11373437	Depreciation
Book Value	27173789	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	258866175	TotalOfBookValueLandBuildings
Financial Derivatives		FinancialDerivatives
Closely Held Equity Interests		CloselyHeldEquityInterests

Other Securities OtherSecurities (8 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
EQUITY INSTIT. MUTUTAL FUNDS	52674947	F
FIXED INCOME INSTIT. MUTUAL FU	14583256	F
EQUITY MUTUAL FUNDS	3154780	F
ALTERNATIVE INSTRUMENTS	340840689	F
UNITED EDU SUBSCRIBER SAVINGS	254718	C
INSURANCE POL, L C IS BENEFICI	345034	C
CO-OP EQUITY INTEREST (E & I)	15234	C
COMMONWEALTH ANNUITY	16552	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	411885210	TotalOfBookValueSecurities
Federal Income Tax Liability	110000	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
INT RATE HEDGE/SWAP AGREEMENTS	$12,821,402
AGENCY FUNDS	$1,632,839
ASSET RETIREMENT OBLIGATION (FIN 47)	$5,753,438
CRUT - 65% MV PAYABLE TO OTHER BENEFICIARIES	$265,329
ANNUITIES PAYABLE	$16,901,496

Field	Value	IRS element (for citing)
Total Of Amounts	37484504	TotalOfAmounts
Total Revenue	154296844	TotalRevenue
Total Expenses	167670502	TotalExpenses
Excess Or Deficit For Year	-13373658	ExcessOrDeficitForYear
Net Unrealized GL On Investments	54036211	NetUnrealizedGLOnInvestments
Donated Services And Facilities	0	DonatedServicesAndFacilities
Investment Expenses	8124777	InvestmentExpenses
Prior Period Adjustments	0	PriorPeriodAdjustments
Other	-$4,082,097	OtherAmount
Total Adjustments	58078891	TotalAdjustments
Excess Or Deficit Per FS	44705233	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	170691263	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	54036211	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	0	DonatedSrvcAndUseOfFacilities
Recoveries Of Prior Year Grants	0	RecoveriesOfPriorYearGrants
Other Revenues	-38466748	OtherRevenues
Revenue Not Rptd F990	15569463	RevenueNotRptdF990
Revenue Subtotal	155121800	RevenueSubtotal
Investment Expenses Not Included	1746417	InvestmentExpensesNotIncluded
Other Revenues Not Included	-2571373	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-824956	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	154296844	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	125986030	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	0	DonatedServicesUseOfFacilities
Prior Year Adjustments	0	PriorYearAdjustments
Losses Reported	0	LossesReported
Other Expenses Included	2571373	OtherExpensesIncluded
Expenses Not Rptd F990	2571373	ExpensesNotRptdF990
Expenses Subtotal	123414657	ExpensesSubtotal
Investment Expenses Not Included2	9871194	InvestmentExpensesNotIncluded2
Other Expenses Not Included	34384651	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	44255845	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	167670502	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
COLLECTIONS OF ART, HISTORICAL TREASURES, ETC.	FORM 990, SCHEDULE D, PART III, LINE 4	Drafted from 6/30/09 Form 990 Lafayette College Art Collections: Among the rich resources provided for students is a fine, small art collection comprised mostly of gifts from generous alumni and other donors. The collection includes eighteenth-through early twenty-first century American and European paintings, prints, and sculpture; vintage photographs; and contemporary American sculpture and paintings. Recent acquisitions build on the strength of the existing collections. The mission statement for the art collection is to document, preserve for future generations, exhibit, and make accessible the College's art collection to the students, public, and scholars through exhibitions, publications, reproductions, and by granting access for research purposes. The administration of the art collection complies with museum-field wide standards of care (see American Association of Museums, AAM). Students have curated exhibitions from the collections; When appropriate, artwork is loaned to other institutions for exhibitions of scholarly importance; images of artwork are readily available for reproduction in commercial (ex: text books) and academic-scholarly publications (generally at no charge or nominal fee.) Lafayette College's Special Collections and College Archives: The Lafayette Special Collections and College Archives are home to approximately 20,000 rare books and more than 2,000 cubic feet of manuscripts and archives. The holdings include manuscripts, rare books, prints and memorabilia relating to the Marquis de Lafayette; rare book collections on Stephen Crane, angling, miniature books, and artists' books; papers of former Treasury Secretary William E. Simon, New Jersey Governor Robert B. Meyner and Congresswoman Helen Meyner; the early records of the Easton-based Dixie Cup Company and the papers of noted illustrator and artist Howard Chandler Christy. The College Archives serves as the repository for the records of Lafayette College, dating back to the founding of the College in 1824-1826. It is charged with records management responsibilities for current College records. The Archives also includes more than 50,000 photographs, audio-visual recordings, and objects that document the College's history.
ENDOWMENT INVESTMENT GUIDELINES	FORM 990, SCHEDULE D, PART V	The intent of the College's Investment Guidelines for its endowment is to provide a predictable stream of funding for the College's programs from the endowment while seeking to maintain the purchasing power of the endowment assets. Program and Capital Assets expenses supported from the endowment operating distribution include Student Financial Aid Grants, Prizes and Fellowships ($8,142,100). Instruction ($7,128,400), Research ($115,000), Academic Support ($775,000 - includes Libraries of $597,600), Intercollegiate Athletics ($198,100), Student Services ($1,075,200), Operation and Maintenance of Plant ($1,880,900, including Auxiliary Services). The College also utilized an additional $9,955,300 of Unrestricted Endowment Income in support of budgeted operations. The Administrative expenses reported ($1,475,505) are primarily the required distributions of Annuity Funds principal to fund annuitant payments ($1,447,332) as reported in the non-operating section of the College's Statement of Activities for the year ended June 30, 2010. Certain restricted endowments also provide that income can be used for facilities capital projects expenses and to fund student loans.
FIN 48 FOOTNOTE	FORM 990, SCHEDULE D, PART X	On July 1, 2007, the College adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48). FIN 48 requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of FIN 48 had no impact on the College's statement of financial position or statement of activities. The College does not believe its financial statements include uncertain tax positions.
RECONCILIATION OF CHANGE IN NET ASSETS	FORM 990, PART XI, LINE 8	CHANGE IN ANNUITIES PAYABLE ESTIMATE (132,400) DISTRIB FROM PRINCIPAL TO FUND ANNUTITIES PAYABLE (1,447,332) CHANGE IN MV OF INTEREST RATE SWAP AGREEMENTS (4,793,621) PROVISION FOR UNCOLLECTIBL NON OP PLEDGES REC (591,262) LOSS ON EARLY RETIREMENT OF PROPERTY (497,314) LOSS ON EARLY RETIREMENT OF DEBT (519,066) GAIN ADJ FOR FUNDED STATUS OF EARLY RETIREMENT COST 265,000 GAIN ADJUSTMENT FOR EXPERIENCE OF EARLY RETIREMNET COST 3,633,000 GAIN ON CONDITIONAL ASSET RETIREMENT - FIN 47 898 ---------- TOTAL ($4,082,097) ==========
RECONCILIATION OF REVENUE	FORM 990, SCHEDULE D, PART XII	LINE 2D: FINANCIAL AID GRANTS TO STUDENTS (34,321,966) ENDOWMENT AGENCY (60,685) CHANGE IN ANNUITIES PAYABLE ESTIMATE (132,400) DISTRIB FROM PRINCIPAL TO FUND ANNUITIES PAYABLE (1,447,332) CHANGE IN MV OF INTEREST RATE SWAPTION AGREEMENTS (4,793,621) PROVISION FOR UNCOLLECTIBLE NON OP PLEDGES REC (591,262) LOSS ON EARLY RETIREMENT OF DEBT (519,066) GAIN ADJUSTMENT FOR FUNDED STATUS OF EARLY RETIREMENT COST 265,000 GAIN ADJUSTMENT FOR EXPERIENCE OF EARLY RETIREMENT COST 3,633,000 LOSS ON DISPOSAL OF PP&E (497,314) GAIN ON CONDITIONAL ASSET RETIREMENT - FIN 47 (1,102) ------------ TOTAL OF LINE 2D ($38,466,748) ============ LINE 4B: FUNDRAISING REVENUES TO EXTENT EXPENDED (37,258) RENTAL REVENUES TO EXTENT EXPENDED (595,076) COLLEGE STORE (COGS) REVENUES TO EXTENT EXPENDED (1,939,039) ------------ TOTAL OF LINE 4B ($2,571,373) ============
RECONCILIATION OF EXPENSES	FORM 990, SCHEDULE D, PART XIII	LINE 2D: FUNDRAISING REVENUES TO EXTENT EXPENDED 37,258 RENTAL REVENUES TO EXTENT EXPENDED 595,076 COLLEGE STORE (COGS) TO EXTENT EXPENDED 1,939,039 ---------- TOTAL LINE 2D $2,571,373 ========== LINE 4B: FINANCIAL AID GRANTS TO STUDENTS 34,321,966 ENDOWMENT AGENCY 62,685 ---------- TOTAL LINE 4B $34,384,651 ==========

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Pub Via Broadcast Media Expln	VIA WEBSITE: HTTP://CATALOG.LAFAYETTE.EDU	PubViaBroadcastMediaExpln
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Govt Financial Aid Explanation	Schedule E, Line 6A - Financial Aid & Assistance from Gov't Agencies U.S. Department of Education: Federal Perkins Loan Program, Federal Supplemental Educational Opportunity Grant (SEOG), Federal Work-Study Program, Federal Family Education Loan (FFEL) Programs (Stafford and PLUS), Pell Grant Program and National Science and Mathematics Access to Retain Talent (SMART & ACG) Programs. National Endowment for the Arts Commonwealth of Pennsylvania: Institutional Assistance Grant (IAG) Program, PHEAA State Grants (to students) Program and Higher Education Engineering Equipment Challenge	GovtFinancialAidExplanation
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	true	GrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (15 entries)

RegionRegion	Number Of OfficesNumberOfOffices	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
Europe (Including Iceland and Greenland)	0	1	Program Services	INSTRUCTION 45511	341126
Europe (Including Iceland and Greenland)	0	1	Program Services	INSTRUCTION 45508	478812
Central America and the Caribbean	0	2	Program Services	INSTRUCTION 28202	49102
Russia and the Newly Independent States	0	2	Program Services	INSTRUCTION 28207	122815
Europe (Including Iceland and Greenland)	0	2	Program Services	INSTRUCTION 28208	111429
Europe (Including Iceland and Greenland)	0	0	Program Services	INSTRUCTION 28210	13
East Asia and the Pacific	0	2	Program Services	INSTRUCTION 28223	108026
East Asia and the Pacific	0	2	Program Services	INSTRUCTION 28227	98380
Central America and the Caribbean	0	0	Program Services	INSTRUCTION 28228	825
Sub-Saharan Africa	0	2	Program Services	INSTRUCTION 28230	32081
East Asia and the Pacific	0	1	Fundraising		5700
Central America and the Caribbean			Investments
Europe (Including Iceland and Greenland)			Investments
North America			Investments
South Asia			Investments

Field	Value	IRS element (for citing)
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	15	TotalNumberOfEmployees
Total Amount Spent	1348309	TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (2 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Non Cash AssistanceAmountOfNonCashAssistance	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Method Of ValuationMethodOfValuation
FOREIGN STUDENTS STUDY ABROAD (EUROPE)	Europe/Iceland/Greenland	10	184075	ACCT CREDIT	FMV
FOREIGN STUDENTS STUDY ABROAD (ASIA)	East Asia/Pacific	1	12850	ACCT CREDIT	FMV

Form990 Schedule F Part IV Form990ScheduleFPartIV (2 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
PART 1 LINE 1	THE COLLEGE CONSIDERS THE AWARDING OF GRANTS TO ITS STUDENTS (INCLUDING NON-RESIDENT ALIEN STUDENTS) TO BE A U.S. BASED ACTIVITY. THE FINANCIAL AID OFFICE MAINTAINS RECORDS TO: 1) SUBSTANTIATE THE AMOUNT OF THE GRANTS AWARDED, 2) DOCUMENT EACH GRANTEE'S ELIGIBILITY FOT THE GRANT AND 3) DOCUMENT THE SELECTION CRITERIA USED TO AWARD THE GRANT.
MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S.	The College admits non-resident alien (foreign) students and foreign students are eligible to enroll in the College's various study-abroad programs for a semester, academic year and the January/May Interim Session Abroad. For these study-abroad and Interim Programs, all students are billed by Lafayette for Tuition, any related Room and Board fees and other related program charges. The student's grant and other financial aid for that term are credited to their Lafayette College student account. For these programs, a foreign student's grant funds will not leave the U.S. if the charges billed by the College exceed the grant. Grant funds will actually leave the US only if the student's grant for that term/semester exceeds the billed charges, resulting in a credit balance and the possibility of the student receiving a refund check. If appropriate, we will issue the refund check with the assumption that the student is using the funds for educational expenses based on the cost of attendance calculation our financial aid office had performed to determine the foreign student's grant award.	FORM 990, SCHEDULE F, PART I, LINE 2

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Solicitation Of Non Govt Grants	X	SolicitationOfNonGovtGrants
Solicitation Of Govt Grants	X	SolicitationOfGovtGrants
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	true	AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

Field	Value	IRS element (for citing)
Name Of Individual	WASHBURN MCGOLDRICK	NameOfIndividual
Activity	INITIATIVE PLAN	Activity
Fundraiser Control Of Funds	false	FundraiserControlOfFunds
Gross Receipts	0	GrossReceipts
Amount Retained By Contractor	26371	AmountRetainedByContractor
Net To Organization	0	NetToOrganization

Field	Value	IRS element (for citing)
Total Gross Receipts	0	TotalGrossReceipts
Total Retained By Contractors	26371	TotalRetainedByContractors
Total Net To Organization	0	TotalNetToOrganization

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	MC GOLF FALL 09	NameOfEvent1
Gross Receipts Event1	15700	GrossReceiptsEvent1
Charitable Contributions Event1	4000	CharitableContributionsEvent1
Gross Revenue Event1	11700	GrossRevenueEvent1
Other Direct Expenses Event1	15922	OtherDirectExpensesEvent1
Name Of Event2	MC GOLF SPR 10	NameOfEvent2
Gross Receipts Event2	23035	GrossReceiptsEvent2
Charitable Contributions Event2	2005	CharitableContributionsEvent2
Gross Revenue Event2	21030	GrossRevenueEvent2
Other Direct Expenses Event2	21336	OtherDirectExpensesEvent2
Total Number Of Other Events	0	TotalNumberOfOtherEvents
Gross Receipts Total	38735	GrossReceiptsTotal
Charitable Contributions Total	6005	CharitableContributionsTotal
Gross Revenue Total Events	32730	GrossRevenueTotalEvents
Other Direct Expenses Total Events	37258	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	37258	DirectExpenseSummaryEvents
Net Income Summary	-4528	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	GREATER EASTON DEVELOPMENT	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	158-B NORTHAMPTON ST	AddressLine1
City	EASTON	City
State	PA	State
ZIP Code	18042	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	232660344	EINOfRecipient
IRC Section	501(c)(3)	IRCSection
Amount Of Cash Grant	107500	AmountOfCashGrant
Method Of Valuation	FMV	MethodOfValuation

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	1	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Non Cash AssistanceAmountOfNonCashAssistance	Method Of ValuationMethodOfValuation	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Amount Of Cash GrantAmountOfCashGrant
UNDERGRADUATE SCHOLARSHIP GRANTS	1267	34321966	FMV	CREDIT STUDENT ACCT
HELP INTEREST SUBSIDY - PAID DIRECT BY COLLEGE	395	219314	FMV	COLLEGE PAYS TO BANK
ACADEMIC PRIZES, AWARDS, FELLOWSHIPS, INTERSHIPS	166		FMV		146064

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	MONITORING OF GRANTS USED IN U.S.	Identifier
Return Reference	FORM 990, SCHEDULE I, PART I, LINE 2	ReturnReference
Explanation	The College awards scholarships, need-based grants, student loans and fellowships to students based on a committee and/or individual review of student aid applications. Relevant criteria include academic and/or other achievement and financial need (as supported by income tax return detail). For certain student and /or parent loans, a credit check of the student and/or parent(s) is also performed. Fellowships are awarded based on a review by the applicable academic department. The College calculates a cost of attendance that includes both the education costs billed by the College (such as Tuition, Fees, Room and Board) and educational costs not billed by the College (such as Books, Travel and Other Incidentals). Based on the student's cost of attendance and the Financial Aid Office's determination of eligibility, the student's financial aid award for the academic year is determined. This award may include scholarships/grants, loans and student employment. For scholarships/grants and student loans, that aid is credited to the student's account and is applied to billed charges. Student employment wages are paid through payroll. For the HELP Loan program interest subsidy, the College pays that expense directly to the lending bank. If a student's account has a credit balance after all applicable College charges and financial aid is posted, the College will issue a refund check to the student. If a student has a credit balance for the Fall Semester, the student may choose instead to carry that credit balance forward for application to either Interim Session or Spring semester charges. Normally, credit balance refund checks are made payable to the student. The credit balance refund check may be made payable to the parent or guardian if the credit balance resulted from applying a Parent Federal Plus Loan to the student's account. It is assumed by the College that credit balance refunds are used to pay for educational costs that were included as part of the student's cost of attendance calculation but not billed by the College	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Idemnification Gross Up Payments	X	IdemnificationGrossUpPayments
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Club Dues Or Fees	X	ClubDuesOrFees
Personal Services	X	PersonalServices
Written Policy Re T And E Expenses	false	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	true	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (14 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
DANIEL H WEISS
410508	0	0	0	28833	0	23275	0	150405	0	613021	0	0	0
WENDY L HILL
243813	0	0	0	1289	0	23275	0	38135	0	306512	0	0	0
MITCHELL L WEIN
258458	0	5000	0	2765	0	23275	0	23926	0	313424	0	0	0
LESLIE F MUHLFELDER
196965	0	0	0	1591	0	19509	0	24154	0	242219	0	0	0
JAMES F KRIVOSKI
166705	0	0	0	1833	0	16227	0	48224	0	232989	0	0	0
JAMES W DICKER
194108	0	0	0	44464	0	18810	0	30734	0	288116	0	0	0
SHIRLEY M RAMIREZ
216900	0	0	0	975	0	20691	0	44034	0	282600	0	0	0
PAUL H ZIMMERMAN
148785	0	2500	0	10507	0	14630	0	20164	0	196586	0	0	0
FRANCIS B O'HANLON
197408	0	0	0	4763	0	19124	0	22005	0	243300	0	0	0
WILLIAM M CRAIN
170598	0	0	0	14706	0	17868	0	21269	0	224441	0	0	0
BRUCE A MURPHY
182641	0	0	0	1755	0	17622	0	20838	0	222856	0	0	0
JOHN KINCAID
172918	0	0	0	1861	0	17062	0	19320	0	211161	0	0	0
DONALD R CHAMBERS
158108	0	0	0	9427	0	15675	0	39670	0	222880	0	0	0
Roberto Noya
104718	0	0	0	112223	0	8926	0	16287	0	242154	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	COMPENSATION INFORMATION	Identifier
Return Reference	FORM 990, SCHEDULE J, PART III	ReturnReference
Explanation	Part I, Line 1a - Travel for Companions - By employment contract, in the event that the College requests President Weiss' spouse to accompany him on College-related business, her reasonable expenses will be paid by the College. While not an employee of the College, the President's spouse serves an important role at both Board and other College functions, including for example, accompanying the President on certain off-campus fundraising activities. For such fundraising activities, the President's spouse is assigned duties to carry out on behalf of the College in advance of such event. For calendar 2009, such estimated expenses were included as nontaxable benefits in this return. Part I, Line 1a - Tax Indemnification - The College indemnified Officer James Dicker $3,128 for the estimated taxes related to the $7,100 taxable social club initiation fee installments paid by the College on his behalf during calendar 2009 (10 installments remaining as of 1/1/09). This arrangement was specific to Mr. Dicker and there is no written policy for the payment or reimbursement of this item. Part I, Line 1a - Housing Allowance or Residence for Personal Use - As part of their employment contracts and for the convenience of the College, a College-owned residence was provided to Officers Daniel Weiss (President), Wendy Hill (Provost) and James Krivoski (Vice President for Student Affairs) during calendar 2009. This housing is located on College property and provided in conjunction with these officers' duties. The values of the housing provided and included as nontaxable benefits in this return are Weiss ($67,744, excluding housekeeper), Hill ($14,550), Krivoski ($25,602) and Ramirez ($29,096). It is the Board's policy that the President resides in the President's House (515 College Ave). The President determines if the duties of the other Officers require each Officer to reside in a College-provided facility. Part I, Line 1a - Health or Social Club Dues or Initiation Fees - By employment contract, the College provides President Weiss with memberships at social clubs of the his choosing upon written approval by the Board Chair. The President reimburses the College for any personal usage. The President cancelled a local country club membership during calendar 2009. $500 is included as a nontaxable benefit in this return. By agreement, the College also provided Officer James Dicker with a local country club membership during calendar 2009. Initiation fee installments totaling $7,100 were paid by the College and included in Mr. Dicker's taxable compensation. A gross up payment of $3,128 was also provided for the estimated tax liability. This membership was cancelled as of August 2009. During the period in 2009 where membership was active, monthly invoices from the club were paid by the College. Mr. Dicker reimbursed the College an agreed-upon amount of $200 per month plus any personal charges incurred. A nontaxable benefit of $1,166 is included in this return. Part I, Line 1a - Personal Services (Housekeeper, Driver) - By employment contract, the President is required to reside in the President's House. The College provides household staff, gardening and snow removal services. The calendar 2009 salary and estimated fringe benefits for the housekeeper (.88 FTE) was $51,485 and is included as a non-taxable benefit in this return. It is the opinion of the College and Counsel that this is a nontaxable benefit furnished for the convenience of the college. Part I, Line 4a - Separation Payments - Key Employee Roberto Noya was terminated as of June 30, 2009. As part of the Separation Agreement, the College accrued a 2008-09 fiscal year expense of $113,248 to the fiscal year 2008-09 return for the estimated payments to be made to Mr. Noya over six months (from July 2009 through December 2009). The actual payments made to Mr. Noya under this agreement totaled $111,629, excluding $1,619 for the college's related medicare tax expense. Part I, Line 4a - Non-Qualified Retirement Plan - The College provides a non-qualified Sec 457 retirement plan benefit for Officers Daniel Weiss and Mitchell Wein. For calendar 2009, the College contributions were $16,101 for Dr. Weiss and $1,648 for Mr. Wein and were included in 2009 Medicare wages.	Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer
NORTHAMPTON CTY GPA COL REV BDS SER 2010
233007498	66353LAY3	2010-04-30	26689800	REFUND SER OF 2000, VAR CAP PROJ.	false	false
NORTHAMPTON CTY GPA COL REF & REV SER 2008
233007498	66353LAX5	2008-08-21	98638639	RETIRE 97, 04, 04 2ND, NOTES, CAP	false	false
NORTHAMPTON CTY GPA VAR REV SER OF 2006
233007498	66353LAG2	2006-09-14	15100000	RENOV/CONSTRUCTION/RELOCATE ATHLET	false	false
NORTHAMPTON CTY GPA VAR REV REF SER 2003
233007498	66353LAA5	2003-04-02	10190000	REFUND SER OF 1993 ON 07/01/2003	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Total ProceedsTotalProceeds	Amount UnspentAmountUnspent	Working Capital ExpendituresWorkingCapitalExpenditures	Capital ExpendituresCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
26689860	4399860	0	0	2012	true	false	false	true
98649948	935000	696	5379252	2011	true	false	false	true
15312344	0	10709	15301635	2007	false	false	true	true
10190000	0	0	0	2003	false	true	true	true

Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
false	false	false	false	true	0.00000	0.00000	true
false	false	true	false	true	0.01000	0.01000	true
false	false	false	false	true	0.00000	0.00000	true

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate
false	true	false	false	false	false
false	false	false	false	false	false
false	true	false	false	false	false
false	true	false	false	false	false

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
SAMUEL R CHAPIN
OFFICER BOA MERRILL LYNCH	144475	ISSUANCE/REMKTG OF BONDS	false
ANGEL L MENDEZ
KEY EMPL CISCO SYSTEMS	293528	COLLEGE SUPPLIER	false

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArt
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	4370	NoncashContribsRptdF990
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	45	NumberOfContributions
Noncash Contribs Rptd F990	2149052	NoncashContribsRptdF990
Method Of Determining Revenues	HIGH/LOW OF DAILY MV	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStock
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther
Collectibles		Collectibles
Food Inventory		FoodInventory
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts

Other Non Cash Contributions Table OtherNonCashContributionsTable (6 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	MINERAL COLLECTION	1	412175	APPRAISAL
X	EQUIPMENT	1	63450	APPRAISAL
X	ALARM SYSTEM	1	31103	APPRAISAL
X	LAMP POSTS	1	15370	APPRAISAL
X	EVENTS	10	13080	APPRAISAL
X	CRAYOLA	2	2	APPRAISAL

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (14 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
OFFICER/DIRECTOR/TRUSTEE RELATIONSHIPS	Form 990, Part VI, Section A, Line 2	Trustees Kamine and Fisher have a business relationship. Trustee Cox and Officer Muhlfelder have a business relationship.
Management Company Details	Form 990, Part VI, Section A, Line 3	The College contracts with Sodexo Dining Services to manage its academic year dining, summer dining and campus catering operations. The 2009-10 expenses incurred for the student-related program are included as part of Auxiliary Services expenses (Form 990, Part IX, Line 24b). For calendar year 2009, the College paid a total of $5,695,913 to Sodexo for these services as disclosed in Form 990, Part VII, Section B.
Significant Changes to Organizational Documents	Form 990, Part VI, Section A, Line 4	A vice-presidential position - Vice President for Institutional Planning and Community Engagement was eliminated as of 4/30/10. Robert Massa was appointed as Vice President for Communications (effective 8/1/09 - position upgraded from existing Director of Public Information position from 2008-09). There was also one amendment to the Statutes approved during the 2009-10 tax year as summarized below: At the October 2009 Board of Trustees meeting, the Information Technology Committee was made a Standing Committee of the Board of Trustees.
Form 990 Review Process	Form 990, Part VI, Section B, Line 11A	The Form 990 return is prepared by the College's Administration and forwarded to the College's outside tax advisor for review and input into electronic media. The College will discuss the return and make revisions prior to printing of a first draft return for review and comment by the Committee on Audit. The Committee on Audit reviews this first draft return, recommends changes and such changes are then incorporated into a revised draft return. This revised draft return is reviewed again by the Committee on Audit to ensure the Committee on Audit's requested changes were made. The Administration will then distribute the revised draft return to the full Board of Trustees with a request for review and comment. If any questions are received from a Board member and the return is revised as a result, the Administration will advise the full Board of the change before filing of the final return.
Monitoring and Compliance with Conflict of Interest Policy	Form 990, Part VI, Section B, Line 12C	The Conflict of Interest Policy for Trustees, Board Associates, Officers of Administration and Other Key Employees of Lafayette College was approved by the College's Board of Trustees on October 27, 1979. This policy is mailed to all applicable individuals annually for their review and disclosure of both any exceptions to the policy and any affiliations that the policy requires disclosure for. All disclosure required under this policy must be directed in writing to the Secretary of the Board of Trustees who shall be responsible for the administration of this policy. Matters under this policy concerning Trustees shall be initially reported to the Chairperson of the Board for appropriate action. Matters concerning staff will be referred initially to the President. Information disclosed to the Secretary (or Chairperson or President) will be held in confidence except when the best interest if the institution is served by disclosing the information to the Board in Executive Session.
Records Retention Policy	Form 990, Part VI, Section B, Line 14	The Controller's Office has a written records retention policy that is posted and available for staff review. This policy is consistent with IRS record retention guidelines. Other campus offices may also have their own office policy for retention, consistent with guidelines established for outside regulatory agencies and the office's needs. There is no formal overall campus-wide records retention policy.
Process for Determining Compensation of CEO and Officers of Administration	Form 990, Part VI, Section B, LInes 15A & B	For the CEO, the Board Chair obtains relevant data for comparable institutions by surveys and other available resources. There is also an annual performance evaluation. For Officers of Administration (Vice-Presidents), the President reviews national data from organizations such as CUPA (College and University Personnel Administration). There is a performance evaluation that includes input from applicable Trustees with whom the Officer works closely. There is also benchmarking against the salaries of comparable institutions.
Document Availability to Public	Form 990, Part VI, Section C, Line 19	The College's audited financial statements for fiscal years 2009-2010, 2008-2009 and 2007-2008 are available on the College's website. The College does not make its governing documents and conflict of interest policy available to the public on its website. Requests for copies of Forms 990 and 990T are provided promptly upon request in hard-copy form and the College does not charge for either copying or mailing costs. After the filing of both this return and the separate Form 990-T return for the same tax year, the College will provide either an electronic or hard-copy version of both returns directly to Guidestar so they are available to Guidestar for uploading to the Guidestar website. The College also cooperates with third-party organizations such as Guidestar to the extent possible if they have more detailed questions about our return. The College's financial statements (and limited operating statistics) are also available on two additional websites: 1) The Municipal Securities Rulemaking Board's Electronic Municipal Market Access (EMMA) website: http://emma.msrb.org The College is required to file with EMMA per our 15c2-12 requirements associated with some of its tax-exempt debt. 2) Digital Assurance Certification (DAC)'s website: http://www.dacbond.com/ The College utilizes DAC as a method of getting our documents to EMMA but DAC also posts these documents to their own website where it is publically accessible free of charge. Users are asked to register on this site. The College's status as an organization exempt from Federal taxes dates back to December 1942. Upon request, the College will also provide a copy of its May 25, 2004 letter received from the Internal Revenue Service reaffirming the College's exempt status.
DONOR ADVISED FUNDS	Form 990, Part IV, Line 6	The College is not a sponsoring organization as described in Section 170(c)
SOLICITING FUNDS	Schedule G, Part I	LINE 3 LIST ALL STATES IN WHICH THE ORGANIZATION IS REGISTERED OR LICENSED TO SOLICIT FUNDS OR HAS BEEN NOTIFIED IT IS EXEMPT FROM REGISTRATION OR LICENSING. NONE. AS AN ACCREDITED, LICENSED INSTITUTION OF HIGHER EDUCATION, THE COLLEGE BELIEVES THAT IT IS GENERALLY EXEMPT FROM THE REGISTRATION PROVISIONS THAT REQUIRE ORGANIZATIONS SOLICITING FUNDS FOR CHARITABLE PURPOSES TO REGISTER.
Interested Party Transactions	Schedule L, Part IV	Samuel R. Chapin - Trustee Chapin is an officer of Bank of America (BOA) Merrill Lynch. The College utilized BOA Merrill Lynch for the underwriting and Remarketing of its bonds and paid $144,475 for this service. Angel L. Mendez - Trustee Mendez is a key employee of Cisco Systems, which is a supplier to the College. During the year, no payments were made to Cisco. However, payments totaling $293,528 were made to Cisco's partners and suppliers.
SCHEDULE K, PARTS I, LINE 1		Series 2010 is one integrated structure as reported on IRS Form 8038. It is comprised of two sub-components, Series 2010 A and Series 2010 B. Series 2010 A was issued for the purpose of a current refunding. Series 2010 A had proceeds of $22,290,000 and is structured as variable rate debt. Series 2010 B, which was issued simultaneously with Series 2010 A and as mentioned previously is integrated with Series 2010 A, had total proceeds of $4,399,860. The Series 2010 B component is structured as fixed rate debt and was issued to fund various capital projects.
SCHEDULE K, PART III, LINE 3		The College contracts with Sodexo Dining Services, a for-profit corporate entity, for the management of the dining operations on campus. The current contract is structured such that the preponderance of fees are based on a per capita charge, and the contract has a one-year term. A small portion of the proceeds of the Series 2008 Bonds were used to renovate one of the seven dining venues on campus, but given its nature and term, the College, with the advice of counsel, believes the contract with Sodexo is a Qualified Management Contract and not subject to private use.
SCHEDULE K, PART IV, LINE 3		The College has three (3) interest rate hedging contracts in place. These contracts were entered into to mitigate the College's interest rate risk inherent with variable rate structured debt. Each requires the College to pay a fixed rate in return for a variable rate that is expected to approximate the interest rate payable on the College's debt in typical markets. None of the three interest rate hedging agreements are structured as "qualified" hedges on the records of the issuing authority of any of the College's bonds, which is the Northampton County General Purpose Authority. As such, none of the interest rate hedges are integrated for tax purposes with a particular debt issuance of the College. UBS is the counterparty on each of the interest rate hedges and they have scheduled expiration dates of 2023, 2030, and 2034.