FRANKLIN & MARSHALL COLLEGE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: FRANKLIN & MARSHALL COLLEGE (EIN 23-1352635)
Tax period: 2023-07-01 to 2024-06-30
Filed: 2025-05-14
IRS object ID: 202521349349302732
Schema version: 2023v6.0
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 D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule K
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-05-14T08:33:13-05:00	ReturnTs
Tax Period End	2024-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY ADVISORY GROUP LP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1570 FRUITVILLE PIKE SUITE 400	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17601	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	231352635	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FRANKLIN & MARSHALL COLLEGE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FRAN	BusinessNameControlTxt
Phone	7173583925	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	176043003	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SHAWN P CURTIN	PersonNm
Person Title	VP FINANCE & ADMINISTRATION	PersonTitleTxt
Phone	7173583925	PhoneNum
Signature	2025-03-26	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KERRI N BOGDA CPA	PreparerPersonNm
PTIN	P00760402	PTIN
Phone	7177404863	PhoneNum
Preparation	2025-05-03	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BARBARA ALTMANN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	176043003	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$435,618,308	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FANDM.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1787	FormationYr
Legal Domicile State	PA	LegalDomicileStateCd
Activity Or Mission	A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION.	ActivityOrMissionDesc
Voting Members Governing Body	38	VotingMembersGoverningBodyCnt
Voting Members Independent	37	VotingMembersIndependentCnt
Total Employee	2036	TotalEmployeeCnt
Total Volunteers	1233	TotalVolunteersCnt
Total Gross UBI	$860,970	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$18,418,428	PYContributionsGrantsAmt
CY Contributions Grants	$18,958,957	CYContributionsGrantsAmt
PY Program Service Revenue	$154,591,854	PYProgramServiceRevenueAmt
CY Program Service Revenue	$156,745,937	CYProgramServiceRevenueAmt
PY Investment Income	$11,359,293	PYInvestmentIncomeAmt
CY Investment Income	$23,847,554	CYInvestmentIncomeAmt
PY Other Revenue	$2,581,603	PYOtherRevenueAmt
CY Other Revenue	$1,834,766	CYOtherRevenueAmt
PY Total Revenue	$186,951,178	PYTotalRevenueAmt
CY Total Revenue	$201,387,214	CYTotalRevenueAmt
PY Grants And Similar Paid	$61,465,127	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$63,927,630	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$71,105,009	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$70,632,873	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$5,564,508	CYTotalFundraisingExpenseAmt
PY Other Expenses	$57,370,141	PYOtherExpensesAmt
CY Other Expenses	$58,892,084	CYOtherExpensesAmt
PY Total Expenses	$189,940,277	PYTotalExpensesAmt
CY Total Expenses	$193,452,587	CYTotalExpensesAmt
PY Revenues Less Expenses	-$2,989,099	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$7,934,627	CYRevenuesLessExpensesAmt
Total Assets BOY	$822,891,438	TotalAssetsBOYAmt
Total Assets EOY	$855,834,708	TotalAssetsEOYAmt
Total Liabilities BOY	$199,969,233	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$195,098,779	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$622,922,205	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$660,735,929	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	FRANKLIN & MARSHALL COLLEGE IS A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. ITS AIMS ARE TO INSPIRE IN YOUNG PEOPLE OF HIGH PROMISE AND DIVERSE BACKGROUNDS A GENUINE AND ENDURING LOVE FOR LEARNING, TO TEACH THEM TO READ, WRITE, AND THINK CRITICALLY, TO INSTILL IN THEM THE CAPACITY FOR BOTH INDEPENDENT AND COLLABORATIVE ACTION, AND TO EDUCATE THEM TO EXPLORE AND UNDERSTAND THE NATURAL, SOCIAL, AND CULTURAL WORLDS IN WHICH THEY LIVE. IN SO DOING, THE COLLEGE SEEKS TO FOSTER IN ITS STUDENTS QUALITIES OF INTELLECT, CREATIVITY, AND CHARACTER, THAT THEY MAY LIVE FULFILLING LIVES AND CONTRIBUTE MEANINGFULLY TO THEIR OCCUPATIONS, THEIR COMMUNITIES, AND THEIR WORLD.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$63,767,077	ExpenseAmt
Grant	$63,767,077	GrantAmt
Revenue	$0	RevenueAmt
Desc	FINANCIAL AID: THE COLLEGE'S STRATEGIC PLAN INCLUDES A COMMITMENT TO MEET 100% OF EVERY STUDENT'S INSTITUTIONALLY DETERMINED NEED FOR ALL FOUR YEARS OF THEIR EDUCATION. TO THAT END, THE COLLEGE PROVIDES FINANCIAL AID TO 65% OF OUR STUDENTS, ALLOWING US TO RECRUIT EXTRAORDINARY TALENT FROM ALL BACKGROUNDS. THE CLASS OF 2028 ENROLLED 477 STUDENTS. THEY BOAST AN AVERAGE SAT SCORE OF 1379.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$38,534,032	ExpenseAmt
Revenue	$133,079,625	RevenueAmt
Desc	INSTRUCTION: THE COLLEGE GRANTS BACHELOR OF ARTS DEGREES IN OVER 50 FIELDS OF STUDY, WITH A FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENT OF 1,888 FTES DURING THE 2024 ACADEMIC YEAR. THE COLLEGE OFFERS AN INTEGRATED LEARNING ENVIRONMENT WITH 58 FIELDS OF STUDY, WHERE STUDENTS ENGAGE THE VALUES OF THE LIBERAL ARTS - BOTH THROUGH THE CURRICULUM AND IN THEIR LIVES OUTSIDE THE FORMAL CLASSROOM. OUR CURRENT STUDENT TO FACULTY RATIO IS 9 STUDENTS TO EVERY 1 FACULTY MEMBER, WITH AN AVERAGE CLASS SIZE OF 17 STUDENTS. 1 OUT OF EVERY 2 STUDENTS COLLABORATE WITH PROFESSORS ON RESEARCH OR GUIDED LEARNING.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$21,645,276	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$0	RevenueAmt
Desc	STUDENT SERVICES: THE COLLEGE OFFERS A VARIETY OF ACTIVITIES AND EXPERIENCES TO COMPLEMENT THE ACADEMIC PURSUITS OF OUR STUDENTS. THE OFFICE OF STUDENT ENGAGEMENT & LEADERSHIP OFFERS STUDENTS THE OPPORTUNITY TO PARTICIPATE IN DIPLOMATIC CONGRESS, CLUB COUNCIL, THE COLLEGE ENTERTAINMENT COMMITTEE, AND/OR ANY OF OVER 100 STUDENT CLUBS. STUDENTS MAY ALSO PARTICIPATE IN OVER 27 VARSITY, 5 INTRAMURAL, AND NUMEROUS CLUB SPORTS TEAMS. THE COLLEGE'S GREEK LIFE AND COLLEGE HOUSE SYSTEM PROMOTE A SENSE OF COMMUNITY AMONG ALL STUDENTS.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$24,212,454	ExpenseAmt
Grant	$160,553	GrantAmt
Revenue	$22,849,529	RevenueAmt
Desc	AUXILIARY OPERATIONS: ACADEMIC SUPPORT, RESEARCH, PUBLIC SERVICE, AND INSTITUTIONAL SUPPORT.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$24,212,454	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$160,553	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$22,849,529	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$148,158,839	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (1)	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (1)	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	2258	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	2036	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	UK	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	38	GoverningBodyVotingMembersCnt
Independent Voting Member	37	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	PA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SEAN GALLOWAY ASST VP TREASURYCONTROLLER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7173584210	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	176043003	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (55 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
BARBARA K ALTMANN PHD
PRESIDENT	60.00	0.00	Yes (X)	Yes (X)	$681,679	$0	$79,182
ERIC W NOLL
CHAIR	14.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
SUSAN KLINE KLEHR
TRUSTEE - SENIOR VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
H ART TAYLOR ESQ
TRUSTEE - SENIOR VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
PATRICIA E HARRIS
TRUSTEE - VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
KENNETH B MEHLMAN
TRUSTEE - VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
MARY L SCHAPIRO LHD
TRUSTEE - VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
MOHAMMED A ANJARWALA
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
MICHAEL T ARNOLD
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
SAMEER ARORA
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
JONATHAN E BABKOW
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MARGERY A BRITTAIN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ROBERT J BROOKS SR
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
PAUL R BROWN PHD
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MODIA J BUTLER
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
PAIGE A COSTIGAN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
NEIL B DAVIDOWITZ ESQ
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ROBERT V DESANTIS
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MATTHEW N DESCHAMPS
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
DR JOAN M FALLON
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ANNE W FASS
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
LYNN J GREENBURG
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
JOHN W GREENE JR
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
AKBAR HOSSAIN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
SHAWN M JENKINS
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
FATOUMATA KEITA
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ROBERT M KRASNE ESQ
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
LES J LIEBERMAN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
DOUGLAS J MCCORMACK ESQ
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
JUDITH C FISHLOW MINTER
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MATTHEW J MURPHY
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
RICARDO G RIVERS
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
KATHERINE QUICK ROSA
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
RAYMOND A SANSEVERINO
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
CHERYL J SCARBORO
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
KATHY HAY STINE
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
EDWARD D VAN DOLSEN
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
COLLEEN ROSS WEIS
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
ALAN CANIGLIA
VP INST'L RES. & CHIEF STRAT. OFF.	60.00	0.00		Yes (X)	$199,650	$0	$35,343
SHAWN P CURTIN
VP FINANCE & ADMINISTRATION	60.00	0.00		Yes (X)	$129,772	$0	$11,295
M LESLIE DAVIDSON
VP FOR ENROLLMENT MANAGEMENT	60.00	0.00		Yes (X)	$59,037	$0	$3,948
VALERIE L DEXTER
VP LEGAL AFFAIRS & GEN. COUNSEL	60.00	0.00		Yes (X)	$295,436	$0	$29,584
CYNTHIA GORMAN
VP FOR COLLEGE ADVANCEMENT	60.00	0.00		Yes (X)	$302,125	$0	$40,577
GRETCHEL L HATHAWAY
VP FOR COMMUNITY & BELONGING	60.00	0.00		Yes (X)	$185,048	$0	$28,188
MARY OSIRIM
INTERIM PROVOST & DEAN OF FACULTY	60.00	0.00		Yes (X)	$308,623	$0	$46,265
CARRIE E RAMPP
VP & CHIEF INFORMATION OFFICER	60.00	0.00		Yes (X)	$209,717	$0	$37,426
BARBARA S STAMBAUGH
VP FOR COMMUNICATIONS	60.00	0.00		Yes (X)	$215,693	$0	$31,412
ANDREW STELLJES
VP & DEAN OF STUDENT AFFAIRS	60.00	0.00		Yes (X)	$132,476	$0	$10,422
BETH L THRONE
AVP STUDENT & POST-GRAD. DEV.	40.00	0.00			$184,838	$0	$19,029	Yes (X)
ALAN S GLAZER
PROFESSOR OF BUSINESS	40.00	0.00			$181,964	$0	$27,374	Yes (X)
AMELIA RAUSER
ASSOCIATE DEAN OF FACULTY	40.00	0.00			$167,166	$0	$13,234	Yes (X)
AMY LAYMAN
AVP OF EXTERNAL ENGAGEMENT	40.00	0.00			$163,787	$0	$17,340	Yes (X)
DOROTHY J MERRITTS
PROFESSOR OF GEOSCIENCES	40.00	0.00			$157,970	$0	$20,816	Yes (X)
MARGARET HAZLETT
VP & DEAN OF STUD. AFF. (RES 05/23)	60.00	0.00			$123,234	$0	$23,494		Yes (X)
CAMERON B WESSON
PROVOST/DEAN OF FACULTY TO 5/23	60.00	0.00			$167,411	$0	$26,462		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,865,626	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$501,391	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	133	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SODEXO INC & AFFILIATES
4880 PAYSPHERE CIRCLE	CHICAGO	IL	606740048	FOOD SERVICES MGMT.	$8,576,201
POOLE ANDERSON CONSTRUCTION LLC
2121 OLD GATESBURG ROAD STE 200	STATE COLLEGE	PA	168032290	CONSTUCTION SERVICES	$7,319,020
LANCASTER GENERAL MEDICAL GRP
1030 NEW HOLLAND AVE BUILDING 12A	LANCASTER	PA	176015689	STUDENT HEALTH SVCS.	$1,277,854
TWO OCEAN EDUCATION PARTNERS
1806 SUMMIT AVE STE 200	RICHMOND	VA	232304339	RECRUITING SERVICES	$529,920
GSM ROOFING
345 SOUTH READING ROAD	EPHRATA	PA	17522	CONSTRUCTION SERVICES	$282,955

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	20	CntrctRcvdGreaterThan100KCnt
Government Grants	$3,221,687	GovernmentGrantsAmt
All Other Contributions	$15,737,270	AllOtherContributionsAmt
Noncash Contributions	$3,245,776	NoncashContributionsAmt
Total Contributions	$18,958,957	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION & FEES	611310	$133,079,625	$133,079,625
AUXILIARY OPERATIONS	721310	$23,666,312	$22,849,529	$816,783

Field	Value	IRS element (for citing)
Total Program Service Revenue	$156,745,937	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,934,343	TotalRevenueColumnAmt
Unrelated Business Revenue	-$56,474	UnrelatedBusinessRevenueAmt
Exclusion	$5,990,817	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$40,295	TotalRevenueColumnAmt
Exclusion	$40,295	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$1,117,846	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$783,245	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$334,601	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$334,601	TotalRevenueColumnAmt
Exclusion	$334,601	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$251,361,060	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$233,447,849	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$17,913,211	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$17,913,211	TotalRevenueColumnAmt
Exclusion	$17,913,211	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
RESEARCH INCOME	900099	$646,161	$100,661	$545,500
REIMBURSEMENTS	900099	$406,929		$406,929
INDIRECT COST RECOVERY	900099	$350,988		$350,988

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$55,792	TotalRevenueColumnAmt
Exclusion	$55,792	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,459,870	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$201,387,214	TotalRevenueColumnAmt
Related Or Exempt Func Income	$155,929,154	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$860,970	UnrelatedBusinessRevenueAmt
Exclusion	$25,638,133	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$160,553	TotalAmt
Program Services	$160,553	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$54,614,194	TotalAmt
Program Services	$54,614,194	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$9,152,883	TotalAmt
Program Services	$9,152,883	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,534,970	TotalAmt
Program Services	$1,018,934	ProgramServicesAmt
Management And General	$1,861,619	ManagementAndGeneralAmt
Fundraising	$654,417	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$50,537,236	TotalAmt
Program Services	$35,783,289	ProgramServicesAmt
Management And General	$12,550,720	ManagementAndGeneralAmt
Fundraising	$2,203,227	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,058,806	TotalAmt
Program Services	$2,874,601	ProgramServicesAmt
Management And General	$1,007,156	ManagementAndGeneralAmt
Fundraising	$177,049	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$8,581,384	TotalAmt
Program Services	$5,922,226	ProgramServicesAmt
Management And General	$2,223,657	ManagementAndGeneralAmt
Fundraising	$435,501	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,920,477	TotalAmt
Program Services	$2,679,712	ProgramServicesAmt
Management And General	$1,036,833	ManagementAndGeneralAmt
Fundraising	$203,932	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$348,050	TotalAmt
Program Services	$2,760	ProgramServicesAmt
Management And General	$345,290	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$207,746	TotalAmt
Program Services	$5	ProgramServicesAmt
Management And General	$207,741	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$1,753,368	TotalAmt
Management And General	$1,753,368	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$14,269,181	TotalAmt
Program Services	$12,141,397	ProgramServicesAmt
Management And General	$1,779,638	ManagementAndGeneralAmt
Fundraising	$348,146	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$177,889	TotalAmt
Program Services	$148,079	ProgramServicesAmt
Management And General	$15,364	ManagementAndGeneralAmt
Fundraising	$14,446	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,839,153	TotalAmt
Program Services	$2,341,683	ProgramServicesAmt
Management And General	$1,261,025	ManagementAndGeneralAmt
Fundraising	$236,445	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,768,251	TotalAmt
Program Services	$366,993	ProgramServicesAmt
Management And General	$2,214,832	ManagementAndGeneralAmt
Fundraising	$186,426	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,258,122	TotalAmt
Program Services	$614,836	ProgramServicesAmt
Management And General	$3,614,350	ManagementAndGeneralAmt
Fundraising	$28,936	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,383,393	TotalAmt
Program Services	$2,089,762	ProgramServicesAmt
Management And General	$179,438	ManagementAndGeneralAmt
Fundraising	$114,193	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$306,230	TotalAmt
Program Services	$186,350	ProgramServicesAmt
Management And General	$76,101	ManagementAndGeneralAmt
Fundraising	$43,779	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,382,796	TotalAmt
Program Services	$1,909,787	ProgramServicesAmt
Management And General	$2,473,009	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$12,346,150	TotalAmt
Program Services	$8,438,802	ProgramServicesAmt
Management And General	$3,265,135	ManagementAndGeneralAmt
Fundraising	$642,213	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,571,673	TotalAmt
Program Services	$586	ProgramServicesAmt
Management And General	$1,571,087	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
OFF CAMPUS PROGRAMS	$2,478,957	$2,478,957
REPAIRS & EQUIP. MAINT.	$2,256,075	$649,772	$1,606,303
EQUIPMENT & BOOKS	$1,827,559	$1,808,674	$18,149	$736
FOOD	$1,725,421	$1,412,392	$141,590	$171,439

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,992,070	TotalAmt
Program Services	$1,361,612	ProgramServicesAmt
Management And General	$526,835	ManagementAndGeneralAmt
Fundraising	$103,623	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$193,452,587	TotalAmt
Program Services	$148,158,839	ProgramServicesAmt
Management And General	$39,729,240	ManagementAndGeneralAmt
Fundraising	$5,564,508	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	-$223,660	BOYAmt
EOY	-$624,616	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$21,997,371	BOYAmt
EOY	$19,372,208	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$19,829,086	BOYAmt
EOY	$17,937,725	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,399,891	BOYAmt
EOY	$3,578,937	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$25,667	BOYAmt
EOY	$21,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,154,762	BOYAmt
EOY	$722,791	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$522,865,035	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$216,970,787	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$307,165,375	BOYAmt
EOY	$305,894,248	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$110,225,418	BOYAmt
EOY	$118,394,197	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$342,080,452	BOYAmt
EOY	$372,077,334	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$5,206,481	BOYAmt
EOY	$5,125,243	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$12,030,595	BOYAmt
EOY	$13,335,641	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$822,891,438	BOYAmt
EOY	$855,834,708	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$5,201,108	BOYAmt
EOY	$5,034,479	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$996,903	BOYAmt
EOY	$2,353,990	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$95,948,612	BOYAmt
EOY	$92,476,396	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$453,866	BOYAmt
EOY	$599,339	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$2,992,550	BOYAmt
EOY	$2,653,203	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$94,376,194	BOYAmt
EOY	$91,981,372	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$199,969,233	BOYAmt
EOY	$195,098,779	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$308,960,976	BOYAmt
EOY	$314,759,482	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$313,961,229	BOYAmt
EOY	$345,976,447	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$622,922,205	BOYAmt
EOY	$660,735,929	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$822,891,438	BOYAmt
EOY	$855,834,708	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$7,934,627	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$31,466,511	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$1,587,416	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$18,508,987	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$27,265,935	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$24,465,708	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,418,429	CurrentTaxYearMinus1YearAmt
Current Tax Year	$18,958,957	CurrentTaxYearAmt
Total	$107,618,016	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$18,508,987	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$27,265,935	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$24,465,708	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,418,429	CurrentTaxYearMinus1YearAmt
Current Tax Year	$18,958,957	CurrentTaxYearAmt
Total	$107,618,016	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$6,632,779	SubstantialContributorsTotAmt
Public Support Total170	$100,985,237	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$18,513,282	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,787,670	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,854,441	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$6,560,804	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,148,958	CurrentTaxYearAmt
Total	$40,865,155	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,527,670	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,859,312	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,455,169	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,053,313	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,359,209	CurrentTaxYearAmt
Total	$10,254,673	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$158,737,844	TotalSupportAmt
Gross Receipts Rltd Activities	$780,582,287	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.63620	PublicSupportCY170Pct
Public Support PY170	0.61630	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	INTERDEPARTMENTAL REVENUE - 2019 AMOUNT: $ 363,497. 2021 AMOUNT: $ 302,000. PROGRAM FEES - 2020 AMOUNT: $ 360,645. 2021 AMOUNT: $ 36,451. 2022 AMOUNT: $ 63,965. 2023 AMOUNT: $ 6,245. INDIRECT COST RECOVERY - 2019 AMOUNT: $ 270,145. 2020 AMOUNT: $ 367,587. 2021 AMOUNT: $ 406,413. 2022 AMOUNT: $ 357,935. 2023 AMOUNT: $ 350,988. MEMBERSHIP INCOME - 2019 AMOUNT: $ 48,123. 2021 AMOUNT: $ 23,665. 2022 AMOUNT: $ 18,256. 2023 AMOUNT: $ 17,435. RESEARCH - 2019 AMOUNT: $ 1,127,194. 2020 AMOUNT: $ 839,874. 2021 AMOUNT: $ 836,322. 2022 AMOUNT: $ 609,840. 2023 AMOUNT: $ 545,500. OTHER - 2019 AMOUNT: $ 718,711. 2020 AMOUNT: $ 291,206. 2021 AMOUNT: $ 583,945. 2022 AMOUNT: $ 753,147. 2023 AMOUNT: $ 32,112. REIMBURSEMENTS - 2021 AMOUNT: $ 171,340. 2022 AMOUNT: $ 250,170. 2023 AMOUNT: $ 406,929. PERKINS LOANS - 2021 AMOUNT: $ 95,033.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

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

Contributor US Address ContributorUSAddress

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)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd
Solicited Assets Sale	0	SolicitedAssetsSaleInd
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$380,258,336	BeginningYearBalanceAmt
Contributions	$10,464,510	ContributionsAmt
Investment Earnings Or Losses	$46,508,615	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,528,007	GrantsOrScholarshipsAmt
Other Expenditures	$12,579,552	OtherExpendituresAmt
Administrative Expenses	$1,447,630	AdministrativeExpensesAmt
End Year Balance	$415,676,272	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$375,555,835	BeginningYearBalanceAmt
Contributions	$5,001,028	ContributionsAmt
Investment Earnings Or Losses	$20,709,775	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,376,914	GrantsOrScholarshipsAmt
Other Expenditures	$12,151,199	OtherExpendituresAmt
Administrative Expenses	$1,480,189	AdministrativeExpensesAmt
End Year Balance	$380,258,336	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$441,320,443	BeginningYearBalanceAmt
Contributions	$6,910,075	ContributionsAmt
Investment Earnings Or Losses	-$52,442,327	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,756,279	GrantsOrScholarshipsAmt
Other Expenditures	$11,561,635	OtherExpendituresAmt
Administrative Expenses	$1,914,442	AdministrativeExpensesAmt
End Year Balance	$375,555,835	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$326,941,394	BeginningYearBalanceAmt
Contributions	$6,268,612	ContributionsAmt
Investment Earnings Or Losses	$129,279,816	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,558,470	GrantsOrScholarshipsAmt
Other Expenditures	$11,765,973	OtherExpendituresAmt
Administrative Expenses	$2,844,936	AdministrativeExpensesAmt
End Year Balance	$441,320,443	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$330,289,650	BeginningYearBalanceAmt
Contributions	$4,908,823	ContributionsAmt
Investment Earnings Or Losses	$10,239,483	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,917,345	GrantsOrScholarshipsAmt
Other Expenditures	$11,517,703	OtherExpendituresAmt
Administrative Expenses	$1,061,514	AdministrativeExpensesAmt
End Year Balance	$326,941,394	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.33460	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.30150	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.36390	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$19,562	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$22,940,407	OtherCostOrOtherBasisAmt
Book Value	$22,959,969	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$661,452	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$421,244,166	OtherCostOrOtherBasisAmt
Depreciation	$149,212,108	DepreciationAmt
Book Value	$272,693,510	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$76,769,790	OtherCostOrOtherBasisAmt
Depreciation	$66,597,402	DepreciationAmt
Book Value	$10,172,388	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,229,658	OtherCostOrOtherBasisAmt
Depreciation	$1,161,277	DepreciationAmt
Book Value	$68,381	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$305,894,248	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
BENEFICIAL INTEREST IN PERPETUAL TRUSTS	$16,773,109	F
ALTERNATIVE INVESTMENTS	$355,304,225	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$372,077,334	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
POSTRETIREMENT BENEFIT OBLIGATIONS	$9,645,139
ANNUITY OBLIGATIONS	$11,754,829
FIN 47 OBLIGATION	$7,557,498
CONTRACT LIABILITY	$2,558,268
CAPITAL LEASE LIABILITY	$60,465,638

Field	Value	IRS element (for citing)
Total Liability	$91,981,372	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$169,217,691	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$31,466,511	NetUnrealizedGainsInvstAmt
Other Revenue	-$64,419,279	OtherRevenueAmt
Revenue Not Reported	-$32,952,768	RevenueNotReportedAmt
Revenue Subtotal	$202,170,459	RevenueSubtotalAmt
Other Revenues Not Included	-$783,245	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$783,245	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$201,387,214	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$131,334,873	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$3,085,085	OtherExpensesIncludedAmt
Expenses Not Reported	$3,085,085	ExpensesNotReportedAmt
Expenses Subtotal	$128,249,788	ExpensesSubtotalAmt
Other Expenses Not Included	$65,202,799	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$65,202,799	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$193,452,587	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III, LINE 1A:	COLLECTION ITEMS CONSIST OF ARTWORKS, RARE BOOKS, AND OTHER OBJECTS THAT HAVE COME TO THE COLLEGE AND MILLPORT CONSERVANCY PRINCIPALLY THROUGH GIFTS, ALTHOUGH SOME WERE PURCHASED AND CERTAIN OF THE COLLECTIONS WERE RECEIVED IN TRUST. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION AND EDUCATION AND IS PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED. EACH OF THESE ITEMS IS CATALOGUED, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS' INSURANCE - APPRAISED VALUE IS APPROXIMATELY $15,113,000. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS PERMITTED BY GAAP. PURCHASES OF COLLECTION ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS REDUCTIONS IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. NO COLLECTION ITEMS WERE DEACCESSIONED IN 2024 OR 2023.
PART III, LINE 4:	THE COLLEGE'S COLLECTIONS CONTAIN REGIONAL AND INTERNATIONAL WORKS OF ART, RARE BOOKS, CULTURAL OBJECTS, AND HISTORICAL OBJECTS. THEY ADVANCE THE INSTRUCTIONAL, ACADEMIC SUPPORT, AND PUBLIC SERVICE PURPOSES OF THE COLLEGE BY EXHIBITION AND USE BY FACULTY, STUDENTS, AND THE COMMUNITY, VIA LOCAL AND ONLINE ACCESS.
PART IV, LINE 2B:	FRANKLIN & MARSHALL HOSTS A NUMBER OF CUSTODIAL ACCOUNTS FOR WHICH THE COLLEGE ACTS AS THE AGENT. THESE FUNDS ARE PRIMARILY FEDERAL PERKINS LOAN FUNDS AS WELL AS FUNDS HELD FOR THE COLLEGE'S WHOLLY-OWNED SUBSIDIARY. THE AMOUNT REPORTED ON THE BALANCE SHEET ALSO INCLUDES FUNDS HELD FOR STUDENT ORGANIZATIONS SUCH AS GREEK LIFE.
PART V, LINE 4:	OF THE TOTAL ENDOWMENT, 37.2% IS INTENDED FOR STUDENT AID, 33.1% FOR GENERAL UNRESTRICTED PURPOSES, 13.0% FOR OPERATIONS AND MAINTENANCE, AND 16.7% FOR INSTRUCTION.
PART X, LINE 2:	UNDER PROVISIONS OF INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND THE APPLICABLE INCOME TAX REGULATIONS OF PENNSYLVANIA, THE COLLEGE IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. SINCE THE COLLEGE HAD NO MATERIAL NET UNRELATED BUSINESS INCOME DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE COLLEGE DOES NOT BELIEVE THAT THERE ARE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR COSTS THAT SHOULD BE RECORDED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGES IN ANNUITY OBLIGATIONS 1,892,529. CHANGES IN CASH SURRENDER VALUE 39,040. CHANGES IN PLEDGE DISCOUNTS AND ALLOWANCES -1,097,763. CHANGE IN POST RETIREMENT BENEFIT OBLIGATION -2,711,034. DE-CONSOLIDATION OF MILLPORT CONSERVANCY AND ASE REVENUE 2,660,748. STUDENT FINANCIAL AID -63,449,431. INVESTMENT MANAGEMENT FEES -1,753,368.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	RENTAL EXPENSE -783,245.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RENTAL EXPENSES 783,245. DE-CONSOLIDATION OF MILLPORT CONSERVANCY AND ASE EXPENSES 2,301,840.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	INVESTMENT EXPENSES 1,753,368. STUDENT FINANCIAL AID 63,449,431.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	THE COLLEGE COMPLIES WITH SECTION 4.03 BECAUSE A) STUDENTS ARE DRAWN FROM A LARGE DEMOGRAPHIC AREA, AND B) THE COLLEGE COMPLIES WITH SECTION 4.02 REQUIREMENTS.
SCHEDULE E, PART I, LINE 6	THE COMMONWEALTH OF PENNSYLVANIA ANNUALLY PROVIDES AN INSTITUTIONAL ASSISTANCE GRANT TO THOSE INSTITUTIONS THAT DO NOT RECEIVE FUNDING FROM THE STATE VIA BUDGET APPROPRIATION. THIS GRANT IS BASED ON THE TOTAL NUMBER OF STUDENTS RECEIVING STATE HIGHER EDUCATION GRANTS.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (26 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$5,573
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$17,970
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$10,130
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$1,896
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$3,200
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$74,022
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$115,813
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$16,325
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$10,331
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	STUDY ABROAD	$22,350
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	STUDY ABROAD	$329,442
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	STUDY ABROAD	$1,931,061
MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	PROGRAM SERVICES	STUDY ABROAD	$17,861
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	PROGRAM SERVICES	STUDY ABROAD	$25,150
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	PROGRAM SERVICES	STUDY ABROAD	$63,543
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	PROGRAM SERVICES	STUDY ABROAD	$75,525
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	FINANCIAL AID		$139,036
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	FINANCIAL AID		$2,537,239
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	FINANCIAL AID		$1,796,633
MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	FINANCIAL AID		$721,493
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	FINANCIAL AID		$100,918
RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	FINANCIAL AID		$692,432
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	FINANCIAL AID		$465,770
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	FINANCIAL AID		$2,009,335
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	FINANCIAL AID		$1,106,433
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	INVESTMENTS		$19,003,409

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$244,929	SubtotalSpentAmt
Continuation Spent	$31,047,961	ContinuationSpentAmt
Total Spent	$31,292,890	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (16 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
STUDENT SCHOLARSHIPS	CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	2	$139,036	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	48	$2,412,907	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU	27	$1,726,202	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	9	$683,943	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	2	$100,918	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	9	$676,400	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	6	$446,098	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	35	$1,915,611	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	14	$1,051,768	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	41	$124,332	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU	21	$70,431	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	9	$37,550	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	6	$19,672	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	29	$93,724	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	14	$54,665	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	5	$16,032	REDUCTION TO TUITION AND FEES	BOOK

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	STUDENT SCHOLARSHIPS AND LOANS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. TRAVEL AND STUDENT RESEARCH GRANTS REQUIRE SUBSTANTIATION.
SCHEDULE F, PART IV:	THE ORGANIZATION HAS INVESTMENTS IN VARIOUS FOREIGN-DOMICILED ENTITIES, INCLUDING BOTH CORPORATIONS AND PARTNERSHIPS. THEY HAVE AN INVESTMENT IN A FOREIGN ORGANIZATION OVER WHICH THEY HAVE CONTROL AND FOR WHICH THEY FILE A FORM 5471. THEY MAY HAVE TRANSFERS WHICH EXCEED THE THRESHOLD FOR FILING FORMS 926 AND 8865. IF SO, THE NECESSARY FORMS WILL BE ATTACHED TO THIS RETURN.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
FULTON THEATRE
PO BOX 1865	LANCASTER	PA	176081865	231631733	501(C)(3)	$7,500	$0	STAGE PRODUCTIONS
LANCASTER CITY ALLIANCE
354 N PRINCE STREET	LANCASTER	PA	176033085	463353021	501(C)(3)	$120,000	$0	LANCASTER CITY EDP
LANCASTER GENERAL HEALTH FOUNDATION
609 N CHERRY ST	LANCASTER	PA	176022201	231365353	501(C)(3)	$10,000	$0	GENERAL SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
PRIZES AND AWARDS	830	$252,971	$32,669	COST	NON-CASH PRIZES
STUDENT RESEARCH AND TRAVEL GRANTS	104	$141,825	$4,844	COST	SUPPLIES, TRAVEL EXPENSE
STUDENT SCHOLARSHIPS	1518		$54,181,885	COST	TUITION REDUCTIONS

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	STUDENT SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. TRAVEL AND STUDENT RESEARCH GRANTS REQUIRE SUBSTANTIATION. ALL GRANTS TO OTHER ORGANIZATIONS ARE REVIEWED BY THE COLLEGE TO DETERMINE THAT THE RECIPIENT'S MISSION ALIGNS WITH THAT OF THE COLLEGE. COLLEGE POLICY STRICTLY PROHIBITS CONTRIBUTIONS TO POLITICAL ORGANIZATIONS OR EVENTS.
PART III: ACCOUNTING FOR CASH AND NONCASH ASSISTANCE:	PAYMENTS/REIMBURSEMENTS DIRECTLY TO RECIPIENTS ARE CONSIDERED CASH ASSISTANCE. PAYMENTS TO VENDORS ON BEHALF OF RECIPIENTS OR THE PURCHASE OF NONCASH ITEMS TO BE GIVEN TO RECIPIENTS ARE CONSIDERED NONCASH ASSISTANCE.
PART III, COLUMN B: NUMBER OF RECIPIENTS	THE NUMBER OF RECIPIENTS FOR STUDENT SCHOLARSHIPS IS BASED ON FINANCIAL AID RECORDS OF RECIPIENTS. THE NUMBER OF RECIPIENTS FOR PRIZES AND AWARDS IS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH PRIZES/AWARDS), AND THE NUMBER OF RECIPIENTS BENEFITTED OR NUMBER OF ITEMS PURCHASED (NONCASH PRIZES/AWARDS). THE NUMBER OF RECIPIENTS FOR STUDENT RESEARCH AND TRAVEL GRANTS IS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH GRANTS), AND/OR THE NUMBER OF RESEARCH PROJECTS FUNDED (CASH AND NONCASH GRANTS).

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BARBARA K ALTMANN PHD
PRESIDENT	$681,679	$0	$0	$0	$0	$0	$33,100	$0	$46,082	$0	$760,861	$0	$0	$0
MARY OSIRIM
INTERIM PROVOST & DEAN OF FACULTY	$308,623	$0	$0	$0	$0	$0	$30,805	$0	$15,460	$0	$354,888	$0	$0	$0
CYNTHIA GORMAN
VP FOR COLLEGE ADVANCEMENT	$302,125	$0	$0	$0	$0	$0	$30,300	$0	$10,277	$0	$342,702	$0	$0	$0
VALERIE L DEXTER
VP LEGAL AFFAIRS & GEN. COUNSEL	$295,436	$0	$0	$0	$0	$0	$28,331	$0	$1,253	$0	$325,020	$0	$0	$0
CARRIE E RAMPP
VP & CHIEF INFORMATION OFFICER	$209,717	$0	$0	$0	$0	$0	$21,325	$0	$16,101	$0	$247,143	$0	$0	$0
BARBARA S STAMBAUGH
VP FOR COMMUNICATIONS	$215,693	$0	$0	$0	$0	$0	$21,634	$0	$9,778	$0	$247,105	$0	$0	$0
ALAN CANIGLIA
VP INST'L RES. & CHIEF STRAT. OFF.	$199,650	$0	$0	$0	$0	$0	$20,342	$0	$15,001	$0	$234,993	$0	$0	$0
GRETCHEL L HATHAWAY
VP FOR COMMUNITY & BELONGING	$185,048	$0	$0	$0	$0	$0	$18,544	$0	$9,644	$0	$213,236	$0	$0	$0
ALAN S GLAZER
PROFESSOR OF BUSINESS	$181,964	$0	$0	$0	$0	$0	$18,377	$0	$8,997	$0	$209,338	$0	$0	$0
BETH L THRONE
AVP STUDENT & POST-GRAD. DEV.	$184,838	$0	$0	$0	$0	$0	$18,482	$0	$547	$0	$203,867	$0	$0	$0
CAMERON B WESSON
PROVOST/DEAN OF FACULTY TO 5/23	$167,411	$0	$0	$0	$0	$0	$14,494	$0	$11,968	$0	$193,873	$0	$0	$0
AMY LAYMAN
AVP OF EXTERNAL ENGAGEMENT	$163,787	$0	$0	$0	$0	$0	$16,665	$0	$675	$0	$181,127	$0	$0	$0
AMELIA RAUSER
ASSOCIATE DEAN OF FACULTY	$167,166	$0	$0	$0	$0	$0	$12,560	$0	$674	$0	$180,400	$0	$0	$0
DOROTHY J MERRITTS
PROFESSOR OF GEOSCIENCES	$157,970	$0	$0	$0	$0	$0	$7,710	$0	$13,106	$0	$178,786	$0	$0	$0
MARGARET HAZLETT
VP & DEAN OF STUD. AFF. (RES 05/23)	$108,234	$0	$0	$0	$15,000	$0	$11,140	$0	$12,354	$0	$146,728	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	PRESIDENT - COLLEGE OWNED PROPERTY HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE AND IS A CONDITION OF EMPLOYMENT. CUSTODIAL SERVICES ARE PROVIDED TO MAINTAIN AND REFRESH THE PROPERTY FOR COLLEGE EVENTS AND ACTIVITIES HELD AT THE RESIDENCE. THE HOUSING AND CUSTODIAL SERVICES ARE NOT INCLUDED IN TAXABLE COMPENSATION. THE COLLEGE REIMBURSES HEALTH/SOCIAL CLUB DUES AND BUSINESS EXPENSES. THESE REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE COMPENSATION TO THE EXTENT THAT THEY ARE USED FOR BUSINESS PURPOSES. TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. A COLLEGE LEASED VEHICLE IS PROVIDED FOR TRAVEL RELATED ACTIVITIES. THE VEHICLE IS USED ONLY FOR BUSINESS PURPOSES.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
LANCASTER HIGHER EDUCATION AUTHORITY
A	232224897	2016-01-27	$70,000,000	REFINANCE 5/1/2006 ISSUE AND FINANCING NEW STADIUM	0	0	0
LANCASTER HIGHER EDUCATION AUTHORITY
B	232224897	2016-09-22	$32,830,000	REFINANCE 6/19/2008 BOND ISSUE	Yes (1)	0	0
LANCASTER HIGHER EDUCATION AUTHORITY
C	232224897	2018-01-17	$25,000,000	FINANCE APPROVED CAPITAL PROJECT	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Bond DefeasedBondDefeasedAmt	UnspentUnspentAmt
A	$19,050,000	$70,000,000	$527,626	$159,025	$19,382,409	$50,000,000	2019	Yes (1)	0	Yes (1)	Yes (1)
B	$4,250,000	$32,830,000		$164,165			2017	0	Yes (1)	Yes (1)	Yes (1)	$30,000,000	$7,147
C	$11,685,000	$25,000,000		$150,223	$24,849,777		2020	0	0	Yes (1)	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	Yes (1)	Yes (1)	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Rebate Not Due YetRebateNotDueYetInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	Yes (1)	Yes (1)
B	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	11	ContributionCnt
Noncash Contributions Rpt F990	$852,357	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$187,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	70	ContributionCnt
Noncash Contributions Rpt F990	$2,190,050	NoncashContributionsRptF990Amt
Method Of Determining Revenues	NYSE	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	EVENT EXPENSE	Desc
Contribution	8	ContributionCnt
Noncash Contributions Rpt F990	$16,369	NoncashContributionsRptF990Amt
Method Of Determining Revenues	PURCHASE PRICE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	6	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (1)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, COLUMN (B):	THE NUMBER OF CONTRIBUTIONS IN COLUMN B REPRESENTS THE FOLLOWING: THE NUMBER FOR ART OBJECTS & BOOKS AND PUBLICATIONS REPRESENTS OBJECTS RECEIVED. THE EVENT EXPENSE REPRESENTS THE NUMBER OF EVENTS SUPPORTED. THE NUMBER OF STOCK GIFTS REPRESENTS INDIVIDUAL STOCK GIFTS.
PART I, LINE 32B:	DURING ACCESSION AND DEACCESSION OF COLLECTION ITEMS, APPRAISERS AND AUCTION SERVICES MAY BE USED.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1A	THE COLLEGE HAS AN EXECUTIVE COMMITTEE WHICH IS AUTHORIZED TO ACT IN PLACE OF THE FULL BOARD AT ALL TIMES. THE COMMITTEE IS COMPOSED OF 11 MEMBERS OF THE BOARD, INCLUDING THE PRESIDENT, DURING THE FISCAL YEAR.
FORM 990, PART VI, SECTION B, LINE 11B	MANAGEMENT ASSEMBLES ALL DATA NECESSARY TO COMPLETE THE FORM 990 AND ENLISTS AN OUTSIDE PUBLIC ACCOUNTING FIRM TO PREPARE AND REVIEW THE FORM. AN INTERNAL REVIEW BY THE FINANCE ADMINISTRATION IS PERFORMED ONCE THE ACCOUNTING FIRM COMPLETES ITS WORK. THE AUDIT COMMITTEE NEXT REVIEWS THE RETURN, AND ALL COMMENTS ARE ADDRESSED TO AND ANSWERED BY BOTH THE PUBLIC ACCOUNTING FIRM AND INTERNAL PERPARERS. ONCE ALL EXTERNAL AND INTERNAL REVIEW IS COMPLETE, A COPY OF THE FORM 990 IS SUPPLIED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE RETURN'S FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS CIRCULATED TO OFFICERS AND TRUSTEES ANNUALLY, REQUESTING A DECLARATION AND EXPLANATION OF POTENTIAL CONFLICTS WITH PROFESSIONAL AND OTHER DUTIES, INCLUDING MEMBERSHIP ON OTHER BOARDS. THE EXECUTIVE COMMITTEE OF THE BOARD MONITORS THE POLICY THROUGH THIS ANNUAL PROCESS. OFFICERS AND TRUSTEES CANNOT PARTICIPATE IN DELIBERATIONS OR ACTIONS BY THE COLLEGE WITH RESPECT TO ANY PROPOSED TRANSACTION OR RELATIONSHIP WITH RESPECT TO WHICH THE TRUSTEE OR OFFICER HAS A FINANCIAL INTEREST OR OTHER CONFLICT OF INTERETS. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE CONFLICT OF INTEREST POLICY AS BEING POSSIBLE SOURCES OF CONFLICTS.
FORM 990, PART VI, SECTION B, LINE 15	EACH YEAR, PERFORMANCE REVIEWS ARE CONDUCTED BETWEEN FEBRUARY AND MAY FOR SENIOR OFFICERS (PRESIDENT, VICE PRESIDENTS, PROVOST, AND DEAN OF THE COLLEGE). INDEPENDENTLY - GATHERED COMPARISON COMPENSATION DATA IS REVIEWED BY THE COMPENSATION COMMITTEE, AND EXECUTIVE COMPENSATION DETERMINATIONS ARE MADE BY THE COMMITTEE BASED ON PERFORMANCE AND BENCHMARK DATA THAT MAINTAIN EXECUTIVE COMPENSATION WITHIN FAIR MARKET RANGE FOR HIGHER EDUCATION. COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE COMMITTEE'S MEETING MINUTES.
FORM 990, PART VI, SECTION C, LINE 19	THE COLLEGE'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGES IN ANNUITY OBLIGATIONS 1,892,529. CHANGE IN CASH SURRENDER VALUE 39,040. CHANGES TO POST-RETIREMENT BENEFITS -2,711,034. GROSS UP TO CONTRIBUTIONS FOR CHANGES TO DISCOUNTS AND ALLOWANCE -1,097,763. ASE 289,812.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	MILLPORT CONSERVANCY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	737 E MILLPORT ROAD	AddressLine1Txt
City	LITITZ	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17543	ZIPCd

Field	Value	IRS element (for citing)
EIN	222436077	EIN
Primary Activities	NATURE PRESERVATION	PrimaryActivitiesTxt
Legal Domicile State	PA	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	PF	PublicCharityStatusTxt
Direct Controlling NA	N/A	DirectControllingNACd
Controlled Organization	0	ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	NW GATEWAY PROJECT	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17604	ZIPCd

Field	Value	IRS element (for citing)
EIN	611625128	EIN
Primary Activities	LAND ACQUISITION	PrimaryActivitiesTxt
Legal Domicile State	PA	LegalDomicileStateCd
Direct Controlling NA	N/A	DirectControllingNACd
Predominant Income Type	EXCLUDED	PredominantIncomeTypeTxt
Share Of EOY Assets	$15,806,187	ShareOfEOYAssetsAmt
Disproportionate Allocations	0	DisproportionateAllocationsInd
General Or Managing Partner	Yes (1)	GeneralOrManagingPartnerInd
Ownership	0.50000	OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (18 entries)

Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Address Line1ForeignAddress/AddressLine1Txt	Province Or StateForeignAddress/ProvinceOrStateNm	CountryForeignAddress/CountryCd	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Direct Controlling NADirectControllingNACd
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	MT	FRANKLIN AND MARSHALL COLLEGE	T	0
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	DE	FRANKLIN AND MARSHALL COLLEGE	T	0
FOX ADELE W (CHARIT)
INVESTMENTS	PA	WILMINGTON TRUST COMPANY	T	0	C/O WILMINGTON TRUST INVESTMENT GRO	BUFFALO	NY	14240	256859971	$121,768	$1,426,669	0.76000
SPLIT INTEREST TRUST (1)
INVESTMENTS	VA	FRANKLIN AND MARSHALL COLLEGE	T	0
FRENCH MARION T
INVESTMENTS	PA	FULTON FINANCIAL ADVISORS	T	0	C/O FULTON FINANCIAL ADVISORS ONE P	LANCASTER	PA	19604	311604263	$15,701	$350,455	1.00000
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	FL	PNC BANK	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	TX	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	FL	FRANKLIN AND MARSHALL COLLEGE	T	0
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	PA	MORGAN STANLEYSMITH BARNEY	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	MN	FRANKLIN AND MARSHALL COLLEGE	T	0
PLANK ELSIE
INVESTMENTS	PA	BNY MELLON WEALTH MGT	T	0	C/O BNY MELLON WEALTH MGMT 1735 MAR	PHILADELPHIA	PA	19103	236241620			1.00000
SPLIT INTEREST TRUST (3)
INVESTMENTS	NJ	FRANKLIN AND MARSHALL COLLEGE	T	0
WALTERS ART
INVESTMENTS	PA	PNC WEALTH MGT	T	0	PNC WEALTH MGMT 101 NORTH POINTE BL	LANCASTER	PA	17601	566624021	$302,535	$6,963,989	1.00000
ADVANCED STUDIES IN ENGLAND LTD
STUDY ABROAD			C	0						$1,406,800	$3,738,691	1.00000	2 PIERREPONT STREET	BATH	UK	UK	N/A
SPLIT INTEREST TRUST (1)
INVESTMENTS	NC	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	WA	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (23)
INVESTMENTS	PA	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	NJ	FRANKLIN AND MARSHALL COLLEGE	T	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd