2022-05-10T14:47:23-07:00 2021-06-30 990 2020-07-01 150532200 TRUSTEES OF HAMILTON COLLEGE TRUS 3158594011 198 College Hill Rd Clinton NY 13323 Karen Leach VP, Administration & Finance 3158594524 2022-05-10 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Karen Leach 198 College Hill Road Clinton NY 13323 490565865 0 X www.hamilton.edu X 1812 NY Hamilton College prepares students for lives of meaning, purpose, and active citizenship. Guided by the motto "Know Thyself," the College emphasizes intellectual growth, flexibility, and collaboration in a residential academic community. Hamilton students learn to think independently, embrace difference, write and speak persuasively, and engage issues ethically and creatively. One of America's first liberal arts colleges, Hamilton enables its students to effect positive change in the world. 41 40 2218 1257 392549 -291618 35796951 60690458 133001952 137670165 51257154 80432304 75671 95143 220131728 278888070 46134498 47223650 0 0 79935793 80845811 0 0 5823558 73728686 76433744 199798977 204503205 20332751 74384865 1394895135 1847174576 167365135 207520576 1227530000 1639654000 X A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 1920 students, representing 47 states and 49 countries, and offers 57 areas of study in the liberal arts, science and mathematics. Hamilton also offers pre-professional/cooperative programs in Business, Education, Engineering, Law, and Medicine and the opportunity to study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also hosts athletic programs affiliated with NCAA Division III, and includes 29 competitive varsity teams in 16 different sports, in addition to many club and intramural sports offerings. Approximately 80 student clubs and organizations in a variety of interests and disciplines help to further enrich student development. 0 0 169550734 47223650 137765308 Providing a liberal arts education to approximately 1920 undergraduate students, Hamilton College is committed to its tradition of being a school of opportunity and provides financial aid packages to approximately 50% of its students. The College's Full Time Equivalent Faculty was 211 and most hold the highest obtainable degree in their field. 0 0 0 169550734 1 1 0 1 0 1 0 1 0 1 1 1 0 0 1 1 1 0 1 1 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 1 1 0 0 1 5111 0 1 2218 1 1 1 1 FR CH SP 0 0 0 0 0 0 0 0 0 0 0 1 1 X 41 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Hamilton College Business Office 3158594313 198 College Hill Rd Clinton NY 13323 Anne Dinneen Chief Investment Officer 40 0 X 1029518 0 231928 David Wippman President 40 0 X X 574423 0 184826 Sara Orr Director of Investments 40 0 X 391216 0 8926 Karen L Leach VP Admin & Finance 40 0 X 352266 0 42450 Suzanne Keen Vice President for Academic Affairs 40 0 X 281252 0 84491 Monica Inzer VP Enrollment Management 40 0 X 290206 0 59227 Alexander Doucette Director of Investments 40 0 X 310583 0 37298 Theresa Martinez Vice President for Student Affairs 40 0 X 237106 0 77296 Lori Dennison VP Comm & Development 40 0 X 265576 0 40099 Roger Wakemen Associate VP for Facilities 40 0 X 228762 0 34289 Frank Anechiarico Professor 40 0 X 218870 0 28865 Melissa Richards VP, Communications 40 0 X 220879 0 21069 Barbara Tewksbury Professor 40 0 X 211384 0 28150 Joseph Shelley VP for Library and Information Technology 40 0 X 193996 0 31522 Gillian King Chief of Staff and Secretary 40 0 X 154140 0 22123 Aron J Ain Trustee 2.00 0 X 0 0 0 Mason Ashe Trustee 2 0 X 0 0 0 Manal Ataya Trustee 2 0 X 0 0 0 Richard Bernstein Trustee 3.00 0 X 0 0 0 Betsy Bacot Trustee 2 0 X 0 0 0 Adutya Bhasin Trustee 2 0 X 0 0 0 Harold Bogle Trustee 3.00 0 X 0 0 0 Johannes Burlin Trustee 2 0 X 0 0 0 Robert Delaney Jr Trustee 3.00 0 X 0 0 0 Peter Coffin Trustee 2 0 X 0 0 0 Julia Cowles Trustee 2.00 0 X 0 0 0 Mark Fedorcik Trustee 2 0 X 0 0 0 Ann Goizueta Trustee 2 0 X 0 0 0 James Hacker Trustee 2 0 X 0 0 0 Philip Hawkins Trustee 2 0 X 0 0 0 John Hadity Trustee 2 0 X 0 0 0 David Hess Trustee 2 0 X 0 0 0 Alison Hill Trustee 2 0 X 0 0 0 Amy Goodfriend Trustee 2 0 X 0 0 0 Gregory Hoogkamp Trustee 2 0 X 0 0 0 Linda Johnson Trustee 5.00 0 X 0 0 0 Lea Haber Kuck Trustee 2 0 X 0 0 0 Christopher P Marshall Trustee 2 0 X 0 0 0 Robert Morris Trustee 2 0 X 0 0 0 Daniel Nye Trustee 2 0 X 0 0 0 Kathleen O'Connor Stewart Trustee 2 0 X 0 0 0 Montgomery Pooley Trustee 2 0 X 0 0 0 Ronald Pressman Trustee 2 0 X 0 0 0 Imad Qasim Trustee 2 0 X 0 0 0 R Christopher Regan Trustee 2 0 X 0 0 0 Nancy Roob Trustee 2 0 X 0 0 0 Dan Rifkin Trustee 2 0 X 0 0 0 Alexander Sacerdote Trustee 3 0 X 0 0 0 Stephen Sadove Trustee 5.00 0 X X 0 0 0 Greg Schwartz Trustee 2 0 X 0 0 0 Jack R Selby Trustee 2 0 X 0 0 0 David Solomon Trustee 2 0 X 0 0 0 Sharon Walker Trustee 2 0 X 0 0 0 Srilata Zaheer Trustee 2 0 X 0 0 0 Sharon Madison Trustee 2 0 X 0 0 0 4960177 0 932559 183 0 1 0 Compass Group USA Bon Appetit 9137 Collections Dr Chicago IL 60693 Dining Services 6990900 Lechase Construction Services 205 Indigo Creek Dr Rochester NY 14626 construction services 2665479 Broad Institute 415 Main St Cambridge MA 01041 COVID testing 4036150 Daniel O'Connell's Son's Inc 800 Kelly Way Holyoke MA 01041 Design services 2220773 Adams and Reese LLP PO Box 2153 Birmingham AL 35287 Legal services 477377 30 0 0 0 0 4712593 55977865 10475442 60690458 Tuition and Fees 611310 111770091 111770091 0 0 Room and Board 611310 24862744 24862744 0 0 Auxiliary Operations 611310 352847 352847 0 0 Application Fees 611310 250752 250752 0 0 433731 433731 0 0 137670165 10893304 0 392549 10500755 0 0 0 0 0 0 0 0 242938 0 147795 0 95143 0 95143 95143 0 0 281069000 0 211530000 0 69539000 0 69539000 0 0 69539000 0 0 278888070 137765308 392549 80039755 146800 146800 47052700 47052700 24150 24150 4960175 1434813 3259786 265576 0 57348905 49208300 4380056 3760549 5983082 4862885 733598 386599 8001633 6503508 981096 517029 4552016 3699754 558132 294130 917877 875231 42646 305487 305487 1000 1000 11892000 11892000 5144951 3263165 1779212 102574 295246 254750 40496 12215211 11050544 944113 220554 2126294 1169462 956832 4435295 4315542 88706 31047 1414877 1304035 98528 12314 105709 84917 9218 11574 5949000 5653000 296000 0 0 0 0 17347000 16895978 277552 173470 1266907 10602 1256305 Food Service 10201611 10201611 0 0 COVID Student Assistance 627850 627850 0 0 Resident Advisor Room Charges 549724 549724 0 0 Taxes and Fees 642342 642342 0 0 995363 594302 395565 5496 204503205 169550734 29128913 5823558 34772003 37807531 19643195 23202870 3547402 2066911 678281 818436 4933807 5378956 550617436 299787680 245894000 250829756 500118049 655926000 573369243 811174576 4808728 44537000 7130427 15432540 1394895135 1847174576 9040054 12440067 30423946 66117701 100570487 100596752 27330648 28366056 167365135 207520576 X 299427000 370529000 928103000 1269125000 1227530000 1639654000 1394895135 1847174576 X 74384865 338903000 0 0 -1313865 150000 X 1 1 X 1 1 1 X 24129125 15473045 26348000 35796951 60690458 162437579 0 0 0 0 0 0 0 0 24129125 15473045 26348000 35796951 60690458 162437579 21575392 140862187 2916767 722096 3004145 11204534 10743693 28591235 142760 3002387 3145147 194173961 653711644 0.72544 0.78600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1000 1000 0 Schedule C, Part II-B, Line 1 The College pays membership dues to the National Association of Independent Colleges and Universities. Approximately 7% of the annual dues are attributable to lobbying activities. 6 6 947926 947926 120000 458500 2193005 2193005 1 1 1162349 10906652 0 0 X X 0 1020321000 44748000 401883304 18516311 25533689 11366304 1411536000 969362000 30951000 72919300 17969100 24528900 10413300 1020321000 964169595 10806000 41791175 16429800 24106200 6868770 969362000 905758539 9667056 93237883 15628604 23245396 5619883 964169595 817209547 10546763 122252396 15988106 22241094 6020967 905758539 0.17 0.21 0.62 1 0 0 40247753 40247753 0 399342310 228873290 170469020 0 0 0 0 0 92566576 70288757 22277819 0 18460797 625633 17835164 250829756 Faculty Mortgages 2197415 F Real Estate 29920595 F Energy 32947380 F Hedge Funds 420471169 F Private Equity 325638017 F 811174576 Annuity Payable 15912717 Liability Under Securities Lending Transactions 1977700 Deposits and Advances 2801270 Postretirement Benefit Obligations 2538091 Asset Retirement Obligation 1708343 Donor Advised Funds 3427935 28366056 X 604883000 338903000 0 0 -1163865 337739135 267143865 11892000 -147795 11744205 278888070 192759000 0 0 0 147795 147795 192611205 11892000 0 11892000 204503205 Schedule D, Part III, Line 4 While the ultimate purpose of the Museum is to increase the educational scope and opportunity for appreciation of the fine arts by Hamilton students, it also seeks to enrich campus culture life in general, as well as contribute to the cultural enrichment of the surrounding community. The collection includes more than 4,000 works of art, with strengths in American prints and works on paper, British art of the 20th century, ancient vases and glass, and Native American and Pre-Columbian art. Schedule D, Part V, Line 4 Endowment funds are used largely for scholarship, professorships, and other academic programs of the College including support for library, research activities, and internship support for students. Schedule D, Part X, Line 2 The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgement occurs. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Change in annuity and life income obligations and write off of prior year pledge amounts. Schedule D, Part XI, Line 4b Faculty Rental Housing Expenses Schedule D, Part XII, Line 2d Faculty Rental Housing Expenses 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 all relevant state and federal laws on non discrimination. The Director of Community Standards in the Student Life Division is responsible for coordinating the College's efforts to comply with Title IX of the Education Amendment of 1972 as well as its procedures for dealing with harassment on the basis of age, gender or gender identity, race, color, national origin, sexual and affectional orientation or any other characteristic protected by law. The College's non discrimination policy is stated on its website and included in its employee and student handbooks, employment advertising. Schedule E, Part I, Line 6 The College receives federal funding from the SEOG, Pell, and federal work study programs for scholarship aid to students. The College also receives funding from the NYS Higher Education Opportunity Program and the NYS Aid to Private Colleges. Due to the COVID-19 pandemic, the College received HEERF funding as well. Schedule E, Part I, Line 6a The College receives federal funding from the SEOG, Pell and federal work study programs for scholarship aid to students. The College also receives funding from the NYS Higher Education Opportunity Program and the NYS Aid to Private Colleges. Due to the COVID-19 pandemic, the College received HEERF funding as well. 1 Europe (including Iceland and Greenland) 2 6 Program Services Hamilton Study Abroad 672147 East Asia and the Pacific 1 1 Program Services Hamilton Study Abroad 133015 East Asia and the Pacific Grantmaking Financial aid while studying abroad 20282 Sub-Saharan Africa Grantmaking Financial aid while studying abroad 3868 Central America and the Caribbean 0 0 Investments Endowment Investments 728501797 Europe (including Iceland and Greenland) 0 0 Investments Endowment Investments 2109580 3 7 731440689 Financial aid while studying abroad East Asia and the Pacific 1 20282 0 Financial aid while studying abroad Sub-Saharan Africa 1 3868 0 1 0 1 1 1 1 Schedule F, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide us with information to determine financial need. Grants and scholarships are awarded on the demonstrated need of each student and are credited directly to the student's account. Schedule F, Part I, Line 3 All expenses and grants, listed in Part I are based upon the accrual method of accounting. 1 Kirkland Art Center PO Box 213 9 1/2 East Park Row Clinton NY 13323 150618473 501(c)3 20000 Grant to support local arts community Kirkland Town Library 55 1/2 College St Clinton NY 13323 150543588 501(c)3 8500 Grant to support local library. Kirkland Trails PO Box 86 Clinton NY 13323 834422761 501(c)3 20105 grant for local community trail development Clinton School Foundation 75 Chenango Ave Clinton NY 13323 161413396 501(c)3 15700 Grant to support local school activities Clinton School 75 Chenango School Clinton NY 13323 156002171 501(c)3 23550 Grant to support local school. Clinton Early Learning Center 75 Chenango Clinton NY 13323 161019364 501(c)3 10000 Grant to support local daycare center Clinton Fire Department PO Box 134 Clinton NY 13323 300504957 501(c)3 20000 Grant to support local fire department. 9 2 Financial Aid 1000 45407653 Prizes, Awards, Research Stipends to Students 302 1017197 Distribution of Higher Education Emergency Relief fund dollars to qualified students 1015 627850 Schedule I, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student. The College Board profile and the FAFSA (Free Application for Federal Student Aid) provides information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student. The College also distributed HEERF Funds to qualified students in accordance with federal regulations. The College has a Town Gown Committee which awards small grants to local community organizations based on submitted proposals. X X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Anne Dinneen Chief Investment Officer 440834 0 450000 0 138684 0 216000 0 15928 0 1261446 0 138204 0 David Wippman President 557456 0 0 0 16967 0 123472 0 61354 0 759249 0 0 0 Sara Orr Director of Investments 250000 0 140000 0 1216 0 6275 0 2651 0 400142 0 0 0 Karen L Leach VP Admin & Finance 340648 0 0 0 11618 0 28500 0 13950 0 394716 0 0 0 Alexander Doucette Director of Investments 220409 0 90000 0 174 0 28500 0 8798 0 347881 0 0 0 Monica Inzer VP Enrollment Management 281781 0 0 0 8425 0 28297 0 30930 0 349433 0 0 0 Suzanne Keen Vice President for Academic Affairs 280006 0 0 0 1246 0 28500 0 55991 0 365743 0 0 0 Lori Dennison VP Comm & Development 255760 0 0 0 9816 0 26521 0 13578 0 305675 0 0 0 Theresa Martinez Vice President for Student Affairs 236092 0 0 0 1014 0 24400 0 52896 0 314402 0 0 0 Roger Wakemen Associate VP for Facilities 228235 0 0 0 527 0 23754 0 10535 0 263051 0 0 0 Melissa Richards VP, Communications 220543 0 0 0 336 0 7666 0 13403 0 241948 0 0 0 Frank Anechiarico Professor 216566 0 0 0 2304 0 21930 0 6935 0 247735 0 0 0 Barbara Tewksbury Professor 203519 0 0 0 7865 0 21138 0 7012 0 239534 0 0 0 Joseph Shelley VP for Library and Information Technology 193635 0 0 0 361 0 20173 0 11349 0 225518 0 0 0 Gillian King Chief of Staff and Secretary 153295 0 0 0 845 0 15525 0 6598 0 176263 0 0 0 Schedule J, Part I, Line 1a The College requires the President, VP for Student Affairs, and VP for Academic Affairs to reside on campus as a condition of employment, therefore College owned housing is provided for them. In addition, the College pays for reasonable costs of housekeeping to maintain the president's residence. Because these benefits are nontaxable, they are not included in the employee's W-2 statement. However, they are included in Part II, Column D. Business travel is allowed for the president and the CIO when traveling across the continent or overseas. Business air travel is allowed for other senior staff members when the travel is ten hours or more. Other services provided to the president include payment for membership in one club in Manhattan, such as the Yale Club, for the purpose of meeting with College constituents, sponsoring College events and otherwise conducting College business. Schedule J, Part I, Line 7 A contractual bonus is paid to the Chief Investment Officer. A discretionary bonus is paid to the Directors of Investments as determined by the CIO and Chair of Investment Committee based on their performance. A Dormitory Authority of State of NY Series 2010 146000293 649905XD3 2010-02-11 13984775 Refunding of bonds issued 2/11/99 0 0 0 B Oneida County Local Development Corporation Series 2013 273190422 682440AT9 2013-07-02 23886715 Complete construction of theater /studio arts building, renovate Minor Theater into a dormitory 0 0 0 C Oneida County Local Development Corporation Series 2021 273190422 682440CN0 2021-02-18 46607521 Major renovations of campus buildings and refunding Series 2002 Bonds 0 0 0 A 11265000 0 13985658 0 0 0 279695 0 0 85792 13619288 0 2010 1 0 1 1 B 2955000 0 23899197 0 0 0 268037 0 0 23631160 0 0 2015 0 0 0 1 C 0 0 46607521 0 0 0 463379 0 0 325963 5995824 39822355 1 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 1 1 0 0 0.0137 0.0137 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part II, Line 3-02/11/2010 13,984,775 Dormitory Authority of State of NY The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $883. Schedule K, Part II, Line 3-07/02/2013 23,886,715 Oneida County Local Development Corporation The difference between the total o Line 3, Part II and column (e) in Part I is due to investment earnings of $12,482. Schedule K, Part IV, Line 2c-02/11/2010 13,984,775 Dormitory Authority of State of NY The College hires a consultant to prepare and Arbitrage Rebate report annually. A final report was issued in July, 2021 for these bonds showing that no liability existed. The bonds have been fully refunded. Schedule K, Part IV, Line 2c-07/02/2013 23,886,715 Oneida County Local Development Corporation The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation shows no liability exists was completed July, 2021. Schedule K, Part IV, Line 2c-02/18/2021 46,607,521 Oneida County Local Development The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation shows no liability exists was completed March, 2022. X 4 1162349 appraisal X 148 9285393 stock exchange X 2 27700 appraisal 4 0 1 1 Schedule M, Part I Donations are reported based on the number of contributions received in Part I, Column (b) Schedule M, Part I, Line 32b College policy stipulates that gifts of securities are to be sold upon receipt. Investment firms are used to sell securities received as contributions. Schedule M, Part I, Line 33 The College received support for various events and other miscellaneous non cash gifts that were not reported as revenue. Form 990, Part III (Cont. 1) study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also hosts athletic programs affiliated with NCAA Division III, and includes 29 competitive varsity teams in 16 different sports, in addition to many club and intramural sports offerings. Approximately 80 student clubs and organizations in a variety of interests and disciplines help to further enrich student development. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Audit Committee of the Board of Trustees and copies are provided to all trustees before it is filed with the IRS. Form 990, Part VI, Section B, Line 12c Officers, trustees, key employees and the next 5 highest compensated employees are required to complete a questionnaire regarding potential conflicts of interest on an annual basis. The questionnaires are reviewed by the Associate VP for Finance. If required, additional notification and action are taken. Form 990, Part VI, Section B, Line 15 The process of determining compensation for the President and Senior Officers of the College (including the Vice Presidents of Admin & Finance, LITS, Academic Affairs, Enrollment Management, Advancement, Student Life, Communications as well as the Chief Investment Officer and Chief of Staff) meets the requirements of the rebuttable presumption provisions under Treas Reg 53.4958-6. An annual review of comparability data from a national survey and a survey of 25 comparable schools are used to inform decisions. This information is reviewed by the Executive Compensation subcommittee of the Board and then a recommendation is made to the full Board for approval. Trustees are independent of management and free of any conflicts that would influence their judgement. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy, and financial statements are posted to the College website at www.hamilton.edu. Form 990, Part XI, Line 9 Change in annuity and life income obligations Foundation Hamilton College Calle Castello Num 128 Piso BAJ Pta 1 Madrid SP 28006 education of Spanish language and culture SP Hamilton College 1 Pooled Income Funds (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Annuity Trusts (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrusts (20) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrust (1) 43 Musket Trail Simsbury CT 06070 Trust CT N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 Foundation Hamilton College r 274509 The College transfers cash to its Foundation in Spain for the purpose of funding the study abroad program there. Charitable Remainder Unitrust (1) s 968075 A charitable remainder unitrust matured during the fiscal year and cash transferred to Hamilton College endowment per trust agreement.