2025-05-14T08:33:13-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 231352635 FRANKLIN & MARSHALL COLLEGE FRAN 7173583925 PO BOX 3003 LANCASTER PA 176043003 SHAWN P CURTIN VP FINANCE & ADMINISTRATION 7173583925 2025-03-26 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-05-03 2023 2025-03-06 01:10:19Z BARBARA ALTMANN PO BOX 3003 LANCASTER PA 176043003 435618308 0 X WWW.FANDM.EDU X 1787 PA A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. 38 37 2036 1233 860970 0 18418428 18958957 154591854 156745937 11359293 23847554 2581603 1834766 186951178 201387214 61465127 63927630 0 0 71105009 70632873 0 0 5564508 57370141 58892084 189940277 193452587 -2989099 7934627 822891438 855834708 199969233 195098779 622922205 660735929 X 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. 0 0 63767077 63767077 0 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. 38534032 133079625 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. 21645276 0 0 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. 24212454 160553 22849529 AUXILIARY OPERATIONS: ACADEMIC SUPPORT, RESEARCH, PUBLIC SERVICE, AND INSTITUTIONAL SUPPORT. 24212454 160553 22849529 148158839 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 2258 0 2036 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO DC KY MD MA MI NH NY OR PA WA X SEAN GALLOWAY ASST VP TREASURYCONTROLLER 7173584210 PO BOX 3003 LANCASTER PA 176043003 BARBARA K ALTMANN PHD PRESIDENT 60.00 0.00 X X 681679 0 79182 ERIC W NOLL CHAIR 14.00 0.00 X X 0 0 0 SUSAN KLINE KLEHR TRUSTEE - SENIOR VICE CHAIR 4.00 0.00 X X 0 0 0 H ART TAYLOR ESQ TRUSTEE - SENIOR VICE CHAIR 4.00 0.00 X X 0 0 0 PATRICIA E HARRIS TRUSTEE - VICE CHAIR 4.00 0.00 X X 0 0 0 KENNETH B MEHLMAN TRUSTEE - VICE CHAIR 4.00 0.00 X X 0 0 0 MARY L SCHAPIRO LHD TRUSTEE - VICE CHAIR 4.00 0.00 X X 0 0 0 MOHAMMED A ANJARWALA TRUSTEE 3.00 0.00 X 0 0 0 MICHAEL T ARNOLD TRUSTEE 2.00 0.00 X 0 0 0 SAMEER ARORA TRUSTEE 3.00 0.00 X 0 0 0 JONATHAN E BABKOW TRUSTEE 2.00 0.00 X 0 0 0 MARGERY A BRITTAIN TRUSTEE 2.00 0.00 X 0 0 0 ROBERT J BROOKS SR TRUSTEE 3.00 0.00 X 0 0 0 PAUL R BROWN PHD TRUSTEE 2.00 0.00 X 0 0 0 MODIA J BUTLER TRUSTEE 2.00 0.00 X 0 0 0 PAIGE A COSTIGAN TRUSTEE 2.00 0.00 X 0 0 0 NEIL B DAVIDOWITZ ESQ TRUSTEE 2.00 0.00 X 0 0 0 ROBERT V DESANTIS TRUSTEE 2.00 0.00 X 0 0 0 MATTHEW N DESCHAMPS TRUSTEE 3.00 0.00 X 0 0 0 DR JOAN M FALLON TRUSTEE 2.00 0.00 X 0 0 0 ANNE W FASS TRUSTEE 2.00 0.00 X 0 0 0 LYNN J GREENBURG TRUSTEE 2.00 0.00 X 0 0 0 JOHN W GREENE JR TRUSTEE 3.00 0.00 X 0 0 0 AKBAR HOSSAIN TRUSTEE 2.00 0.00 X 0 0 0 SHAWN M JENKINS TRUSTEE 2.00 0.00 X 0 0 0 FATOUMATA KEITA TRUSTEE 2.00 0.00 X 0 0 0 ROBERT M KRASNE ESQ TRUSTEE 2.00 0.00 X 0 0 0 LES J LIEBERMAN TRUSTEE 2.00 0.00 X 0 0 0 DOUGLAS J MCCORMACK ESQ TRUSTEE 2.00 0.00 X 0 0 0 JUDITH C FISHLOW MINTER TRUSTEE 2.00 0.00 X 0 0 0 MATTHEW J MURPHY TRUSTEE 2.00 0.00 X 0 0 0 RICARDO G RIVERS TRUSTEE 2.00 0.00 X 0 0 0 KATHERINE QUICK ROSA TRUSTEE 2.00 0.00 X 0 0 0 RAYMOND A SANSEVERINO TRUSTEE 3.00 0.00 X 0 0 0 CHERYL J SCARBORO TRUSTEE 2.00 0.00 X 0 0 0 KATHY HAY STINE TRUSTEE 2.00 0.00 X 0 0 0 EDWARD D VAN DOLSEN TRUSTEE 3.00 0.00 X 0 0 0 COLLEEN ROSS WEIS TRUSTEE 3.00 0.00 X 0 0 0 ALAN CANIGLIA VP INST'L RES. & CHIEF STRAT. OFF. 60.00 0.00 X 199650 0 35343 SHAWN P CURTIN VP FINANCE & ADMINISTRATION 60.00 0.00 X 129772 0 11295 M LESLIE DAVIDSON VP FOR ENROLLMENT MANAGEMENT 60.00 0.00 X 59037 0 3948 VALERIE L DEXTER VP LEGAL AFFAIRS & GEN. COUNSEL 60.00 0.00 X 295436 0 29584 CYNTHIA GORMAN VP FOR COLLEGE ADVANCEMENT 60.00 0.00 X 302125 0 40577 GRETCHEL L HATHAWAY VP FOR COMMUNITY & BELONGING 60.00 0.00 X 185048 0 28188 MARY OSIRIM INTERIM PROVOST & DEAN OF FACULTY 60.00 0.00 X 308623 0 46265 CARRIE E RAMPP VP & CHIEF INFORMATION OFFICER 60.00 0.00 X 209717 0 37426 BARBARA S STAMBAUGH VP FOR COMMUNICATIONS 60.00 0.00 X 215693 0 31412 ANDREW STELLJES VP & DEAN OF STUDENT AFFAIRS 60.00 0.00 X 132476 0 10422 BETH L THRONE AVP STUDENT & POST-GRAD. DEV. 40.00 0.00 X 184838 0 19029 ALAN S GLAZER PROFESSOR OF BUSINESS 40.00 0.00 X 181964 0 27374 AMELIA RAUSER ASSOCIATE DEAN OF FACULTY 40.00 0.00 X 167166 0 13234 AMY LAYMAN AVP OF EXTERNAL ENGAGEMENT 40.00 0.00 X 163787 0 17340 DOROTHY J MERRITTS PROFESSOR OF GEOSCIENCES 40.00 0.00 X 157970 0 20816 MARGARET HAZLETT VP & DEAN OF STUD. AFF. (RES 05/23) 60.00 0.00 X 123234 0 23494 CAMERON B WESSON PROVOST/DEAN OF FACULTY TO 5/23 60.00 0.00 X 167411 0 26462 3865626 0 501391 133 1 1 0 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 606740048 FOOD SERVICES MGMT. 8576201 POOLE ANDERSON CONSTRUCTION LLC 2121 OLD GATESBURG ROAD STE 200 STATE COLLEGE PA 168032290 CONSTUCTION SERVICES 7319020 LANCASTER GENERAL MEDICAL GRP 1030 NEW HOLLAND AVE BUILDING 12A LANCASTER PA 176015689 STUDENT HEALTH SVCS. 1277854 TWO OCEAN EDUCATION PARTNERS 1806 SUMMIT AVE STE 200 RICHMOND VA 232304339 RECRUITING SERVICES 529920 GSM ROOFING 345 SOUTH READING ROAD EPHRATA PA 17522 CONSTRUCTION SERVICES 282955 20 3221687 15737270 3245776 18958957 TUITION & FEES 611310 133079625 133079625 AUXILIARY OPERATIONS 721310 23666312 22849529 816783 156745937 5934343 -56474 5990817 40295 40295 1117846 783245 334601 334601 334601 251361060 233447849 17913211 17913211 17913211 RESEARCH INCOME 900099 646161 100661 545500 REIMBURSEMENTS 900099 406929 406929 INDIRECT COST RECOVERY 900099 350988 350988 55792 55792 1459870 201387214 155929154 860970 25638133 160553 160553 54614194 54614194 9152883 9152883 3534970 1018934 1861619 654417 50537236 35783289 12550720 2203227 4058806 2874601 1007156 177049 8581384 5922226 2223657 435501 3920477 2679712 1036833 203932 348050 2760 345290 207746 5 207741 1753368 1753368 14269181 12141397 1779638 348146 177889 148079 15364 14446 3839153 2341683 1261025 236445 2768251 366993 2214832 186426 4258122 614836 3614350 28936 2383393 2089762 179438 114193 306230 186350 76101 43779 4382796 1909787 2473009 12346150 8438802 3265135 642213 1571673 586 1571087 OFF CAMPUS PROGRAMS 2478957 2478957 REPAIRS & EQUIP. MAINT. 2256075 649772 1606303 EQUIPMENT & BOOKS 1827559 1808674 18149 736 FOOD 1725421 1412392 141590 171439 1992070 1361612 526835 103623 193452587 148158839 39729240 5564508 -223660 -624616 21997371 19372208 19829086 17937725 2399891 3578937 25667 21000 2154762 722791 522865035 216970787 307165375 305894248 110225418 118394197 342080452 372077334 5206481 5125243 12030595 13335641 822891438 855834708 5201108 5034479 996903 2353990 95948612 92476396 453866 599339 2992550 2653203 94376194 91981372 199969233 195098779 X 308960976 314759482 313961229 345976447 622922205 660735929 822891438 855834708 X 7934627 31466511 -1587416 X 0 1 X 1 1 1 X 18508987 27265935 24465708 18418429 18958957 107618016 18508987 27265935 24465708 18418429 18958957 107618016 6632779 100985237 18513282 6787670 1854441 6560804 7148958 40865155 2527670 1859312 2455169 2053313 1359209 10254673 158737844 780582287 0.63620 0.61630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 1 X 380258336 10464510 46508615 7528007 12579552 1447630 415676272 375555835 5001028 20709775 7376914 12151199 1480189 380258336 441320443 6910075 -52442327 6756279 11561635 1914442 375555835 326941394 6268612 129279816 6558470 11765973 2844936 441320443 330289650 4908823 10239483 5917345 11517703 1061514 326941394 0.33460 0.30150 0.36390 0 0 19562 22940407 22959969 661452 421244166 149212108 272693510 76769790 66597402 10172388 1229658 1161277 68381 305894248 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 16773109 F ALTERNATIVE INVESTMENTS 355304225 F 372077334 POSTRETIREMENT BENEFIT OBLIGATIONS 9645139 ANNUITY OBLIGATIONS 11754829 FIN 47 OBLIGATION 7557498 CONTRACT LIABILITY 2558268 CAPITAL LEASE LIABILITY 60465638 91981372 X 169217691 31466511 -64419279 -32952768 202170459 -783245 -783245 201387214 131334873 3085085 3085085 128249788 65202799 65202799 193452587 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES ADMISSIONS RECRUITMENT 5573 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES ADMISSIONS RECRUITMENT 17970 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ADMISSIONS RECRUITMENT 10130 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES ADMISSIONS RECRUITMENT 1896 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES CONF/RESEARCH/TRAVEL 3200 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES CONF/RESEARCH/TRAVEL 74022 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CONF/RESEARCH/TRAVEL 115813 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES CONF/RESEARCH/TRAVEL 16325 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES CONF/RESEARCH/TRAVEL 10331 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD 22350 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD 329442 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 1931061 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDY ABROAD 17861 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDY ABROAD 25150 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES STUDY ABROAD 63543 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES STUDY ABROAD 75525 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 FINANCIAL AID 139036 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 FINANCIAL AID 2537239 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 FINANCIAL AID 1796633 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 FINANCIAL AID 721493 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 FINANCIAL AID 100918 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 FINANCIAL AID 692432 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 FINANCIAL AID 465770 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 FINANCIAL AID 2009335 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 FINANCIAL AID 1106433 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 19003409 0 0 0 0 0 0 244929 31047961 31292890 STUDENT SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 2 139036 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 48 2412907 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 27 1726202 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 9 683943 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 100918 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 9 676400 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 6 446098 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 35 1915611 REDUCTION TO TUITION AND FEES BOOK STUDENT SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 14 1051768 REDUCTION TO TUITION AND FEES BOOK STUDENT LOANS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 41 124332 REDUCTION TO TUITION AND FEES BOOK STUDENT LOANS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 21 70431 REDUCTION TO TUITION AND FEES BOOK STUDENT LOANS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 9 37550 REDUCTION TO TUITION AND FEES BOOK STUDENT LOANS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 6 19672 REDUCTION TO TUITION AND FEES BOOK STUDENT LOANS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 29 93724 REDUCTION TO TUITION AND FEES BOOK STUDENT LOANS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 14 54665 REDUCTION TO TUITION AND FEES BOOK STUDENT LOANS RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 5 16032 REDUCTION TO TUITION AND FEES BOOK 1 0 1 1 1 0 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. 1 FULTON THEATRE PO BOX 1865 LANCASTER PA 176081865 231631733 501(C)(3) 7500 0 STAGE PRODUCTIONS LANCASTER CITY ALLIANCE 354 N PRINCE STREET LANCASTER PA 176033085 463353021 501(C)(3) 120000 0 LANCASTER CITY EDP LANCASTER GENERAL HEALTH FOUNDATION 609 N CHERRY ST LANCASTER PA 176022201 231365353 501(C)(3) 10000 0 GENERAL SUPPORT 3 0 PRIZES AND AWARDS 830 252971 32669 COST NON-CASH PRIZES STUDENT RESEARCH AND TRAVEL GRANTS 104 141825 4844 COST SUPPLIES, TRAVEL EXPENSE STUDENT SCHOLARSHIPS 1518 54181885 COST TUITION REDUCTIONS 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). X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 BARBARA K ALTMANN PHD PRESIDENT 681679 0 0 0 0 0 33100 0 46082 0 760861 0 0 0 MARY OSIRIM INTERIM PROVOST & DEAN OF FACULTY 308623 0 0 0 0 0 30805 0 15460 0 354888 0 0 0 CYNTHIA GORMAN VP FOR COLLEGE ADVANCEMENT 302125 0 0 0 0 0 30300 0 10277 0 342702 0 0 0 VALERIE L DEXTER VP LEGAL AFFAIRS & GEN. COUNSEL 295436 0 0 0 0 0 28331 0 1253 0 325020 0 0 0 CARRIE E RAMPP VP & CHIEF INFORMATION OFFICER 209717 0 0 0 0 0 21325 0 16101 0 247143 0 0 0 BARBARA S STAMBAUGH VP FOR COMMUNICATIONS 215693 0 0 0 0 0 21634 0 9778 0 247105 0 0 0 ALAN CANIGLIA VP INST'L RES. & CHIEF STRAT. OFF. 199650 0 0 0 0 0 20342 0 15001 0 234993 0 0 0 GRETCHEL L HATHAWAY VP FOR COMMUNITY & BELONGING 185048 0 0 0 0 0 18544 0 9644 0 213236 0 0 0 ALAN S GLAZER PROFESSOR OF BUSINESS 181964 0 0 0 0 0 18377 0 8997 0 209338 0 0 0 BETH L THRONE AVP STUDENT & POST-GRAD. DEV. 184838 0 0 0 0 0 18482 0 547 0 203867 0 0 0 CAMERON B WESSON PROVOST/DEAN OF FACULTY TO 5/23 167411 0 0 0 0 0 14494 0 11968 0 193873 0 0 0 AMY LAYMAN AVP OF EXTERNAL ENGAGEMENT 163787 0 0 0 0 0 16665 0 675 0 181127 0 0 0 AMELIA RAUSER ASSOCIATE DEAN OF FACULTY 167166 0 0 0 0 0 12560 0 674 0 180400 0 0 0 DOROTHY J MERRITTS PROFESSOR OF GEOSCIENCES 157970 0 0 0 0 0 7710 0 13106 0 178786 0 0 0 MARGARET HAZLETT VP & DEAN OF STUD. AFF. (RES 05/23) 108234 0 0 0 15000 0 11140 0 12354 0 146728 0 0 0 PART I, LINE 1A 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. A LANCASTER HIGHER EDUCATION AUTHORITY 232224897 2016-01-27 70000000 REFINANCE 5/1/2006 ISSUE AND FINANCING NEW STADIUM 0 0 0 B LANCASTER HIGHER EDUCATION AUTHORITY 232224897 2016-09-22 32830000 REFINANCE 6/19/2008 BOND ISSUE 1 0 0 C LANCASTER HIGHER EDUCATION AUTHORITY 232224897 2018-01-17 25000000 FINANCE APPROVED CAPITAL PROJECT 0 0 0 A 19050000 70000000 527626 159025 19382409 50000000 2019 1 0 1 1 B 4250000 30000000 32830000 164165 7147 2017 0 1 1 1 C 11685000 25000000 150223 24849777 2020 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 X 11 852357 APPRAISAL X 187000 APPRAISAL X 70 2190050 NYSE X EVENT EXPENSE 8 16369 PURCHASE PRICE 6 0 1 1 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. 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. MILLPORT CONSERVANCY 737 E MILLPORT ROAD LITITZ PA 17543 222436077 NATURE PRESERVATION PA 501(C)(3) PF N/A 0 NW GATEWAY PROJECT PO BOX 3003 LANCASTER PA 17604 611625128 LAND ACQUISITION PA N/A EXCLUDED 15806187 0 1 0.50000 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) C/O WILMINGTON TRUST INVESTMENT GRO BUFFALO NY 14240 256859971 INVESTMENTS PA WILMINGTON TRUST COMPANY T 121768 1426669 0.76000 0 SPLIT INTEREST TRUST (1) INVESTMENTS VA FRANKLIN AND MARSHALL COLLEGE T 0 FRENCH MARION T C/O FULTON FINANCIAL ADVISORS ONE P LANCASTER PA 19604 311604263 INVESTMENTS PA FULTON FINANCIAL ADVISORS T 15701 350455 1.00000 0 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 C/O BNY MELLON WEALTH MGMT 1735 MAR PHILADELPHIA PA 19103 236241620 INVESTMENTS PA BNY MELLON WEALTH MGT T 1.00000 0 SPLIT INTEREST TRUST (3) INVESTMENTS NJ FRANKLIN AND MARSHALL COLLEGE T 0 WALTERS ART PNC WEALTH MGMT 101 NORTH POINTE BL LANCASTER PA 17601 566624021 INVESTMENTS PA PNC WEALTH MGT T 302535 6963989 1.00000 0 ADVANCED STUDIES IN ENGLAND LTD 2 PIERREPONT STREET BATH UK STUDY ABROAD UK N/A C 1406800 3738691 1.00000 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0