2025-05-14T07:50:23-05:00 2024-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2023-07-01 160743040 HOBART AND WILLIAM SMITH COLLEGES HOBA 3157813337 300 PULTENEY STREET GENEVA NY 14456 MARK EDWARDS VP FOR FINANCE AND ADMIN. 3157813337 2025-05-15 1 1 AIMEE JOZIC P01329472 5853811000 2025-05-12 2023 2025-03-06 01:10:19Z MR MARK D GEARAN 337 PULTENEY STREET GENEVA NY 14456 263176084 0 X WWW.HWS.EDU X 1943 NY HOBART AND WILLIAM SMITH PREPARES STUDENTS TO LEAD LIVES OF CONSEQUENCE. 35 34 1646 2744 0 191734 22091911 61216041 119079858 125690944 7461126 6454389 2146 31240 148635041 193392614 63260847 70619791 0 0 52687946 57998987 0 0 4632564 53623704 55731028 169572497 184349806 -20937456 9042808 419967529 440720919 78319737 77421359 341647792 363299560 HOBART AND WILLIAM SMITH PREPARES STUDENTS TO LEAD LIVES OF CONSEQUENCE. 0 0 158325224 70619791 125690944 HOBART AND WILLIAM SMITH IS A RESIDENTIAL LIBERAL ARTS AND SCIENCES INSTITUTION KNOWN FOR CONSISTENT SUCCESS IN PREPARING STUDENTS FOR MEANINGFUL LIVES AND FULFILLING CAREERS THROUGH AN OUTCOMES-BASED FOCUS ON THEIR FUTURES. TO BEST PREPARE STUDENTS FOR IMPACT AND SUCCESS, HWS NURTURES INTELLECTUAL, PROFESSIONAL, AND ETHICAL DEVELOPMENT THROUGH 70 ACADEMIC PROGRAMS. IN A RELATIONSHIP-RICH LEARNING ENVIRONMENT, STUDENTS COMPLEMENT BROAD, INTERDISCIPLINARY STUDY WITH HANDS-ON LEARNING EXPERIENCES MADE POSSIBLE BY HWS' CENTERS FOR EXPERIENCE, ACTION, AND THOUGHT. MORE THAN 60% OF HWS STUDENTS STUDY ABROAD, ALL PARTICIPATE IN COMMUNITY SERVICE, AND HWS GUARANTEES ALL STUDENTS ACCESS TO AN INTERNSHIP OR RESEARCH EXPERIENCE. THE WALL STREET JOURNAL RANKS HWS #4 IN THE NATION FOR STUDENT EXPERIENCE. 158325224 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 0 0 0 1 388 0 1 1646 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA OK X MR MARK EDWARDS 3157813337 337 PULTENEY STREET GENEVA NY 14456 CASSANDRA NAYLOR BROOKS TRUSTEE/VICE CHAIR 5.00 X X 0 0 0 CALVIN R CARVER JR TRUSTEE/TREASURER 5.00 X X 0 0 0 JAMES B ROBINSON TRUSTEE/SECRETARY 5.00 X X 0 0 0 CRAIG R STINE TRUSTEE/CHAIR 5.00 X X 0 0 0 LINDA D ARRINGTON TRUSTEE 2.00 X 0 0 0 EDWARD R COOPER TRUSTEE 2.00 X 0 0 0 ANDREW L GAINES TRUSTEE 2.00 X 0 0 0 AILEEN DIVINEY GLEASON TRUSTEE 2.00 X 0 0 0 JOHN J HOGAN III TRUSTEE 2.00 X 0 0 0 WILLIAM A MARGILOFF TRUSTEE 2.00 X 0 0 0 SCOTT J MASON TRUSTEE 2.00 X 0 0 0 HERBERT J MCCOOEY JR TRUSTEE 2.00 X 0 0 0 ANDREW G MCMASTER JR TRUSTEE 2.00 X 0 0 0 ALLISON MORROW TRUSTEE 2.00 X 0 0 0 DR RICHARD SOLOMON TRUSTEE 2.00 X 0 0 0 ERIC J STEIN TRUSTEE 2.00 X 0 0 0 JOSEPH C STEIN TRUSTEE 2.00 X 0 0 0 SAMUEL A STERN TRUSTEE 2.00 X 0 0 0 WILLIAM T WHITAKER JR TRUSTEE 2.00 X 0 0 0 WARREN K ZOLA TRUSTEE 2.00 X 0 0 0 DR MARGUERITTE S MURPHY TRUSTEE 2.00 X 0 0 0 JOSEPHINE A GRAYSON LA TRUSTEE 2.00 X 0 0 0 JEREMY A COONEY ESQ TRUSTEE 2.00 X 0 0 0 DR PAULA MILTENBERGER TRUSTEE 2.00 X 0 0 0 MEHRNAZ VAHID-AHDIEH TRUSTEE 2.00 X 0 0 0 STEPHEN WONG TRUSTEE 2.00 X 0 0 0 DR RICHARD L WASSERMAN TRUSTEE 2.00 X 0 0 0 MARK GEARAN PRESIDENT 50.00 X X 585088 0 135148 SAMARI BROWN STUDENT TRUSTEE, THROUGH MAY 2024 2.00 X 9935 0 52168 DR KIRRA GUARD TRUSTEE 2.00 X 0 0 0 RT REV STEPHEN T LANE TRUSTEE 2.00 X 0 0 0 JULIE BAZAN D'ANGELO TRUSTEE 2.00 X 0 0 0 LUDWIG P GAINES ESQ TRUSTEE 2.00 X 0 0 0 TERESA AMOTT TRUSTEE 2.00 X 0 0 0 JESSE WHELAN-SMALL STUDENT TRUSTEE, THROUGH MAY 2024 2.00 X 1722 0 28500 LOUIS GUARD GEN COUNSEL & ASST SEC 50.00 X 194202 0 9487 MARK EDWARDS VP FINANCE & ADMINISTRATIO 50.00 X 258976 0 40044 SARAH KIRK PROVOST AND DEAN OF FACULTY 50.00 X 260003 0 72749 ROBERT O'CONNOR VP AND SENIOR PHILANTHROPIC ADVISOR 50.00 X 261539 0 45678 ALFRED DAMIANO VP STRATEGIC INITIATIVES AND CIO 50.00 X 220237 0 42939 CATHERINE WILLIAMS VP MARKETING & COMMUNICATIONS 50.00 X 224961 0 25247 BECCA BARILE VP OF CAMPUS LIFE AND DIRECTOR OF THE MASTER OF AR 50.00 X 173950 0 49888 2190613 0 501848 92 0 1 0 SODEXO INC AND AFFILIATES 337 PULTENEY STREET GENEVA NY 14456 DINING, FACILITIES, AND MAINTENANCE SERV 15149404 THE PIKE COMPANY ONE CIRCLE STREET ROCHESTER NY 14607 CONSTRUCTION 1690130 LEO J ROTH CORPORATION 841 HOLD RD SUITE 1 WEBSTER NY 14580 MECHANICAL UPGRADES 982800 DIAMOND AND THIEL CONSTRUCTION CO INC 408 N MIDLER AVENUE SYRACUSE NY 13206 CONSTRUCTION 970475 CLARK COMPANIES 41155 NY-10 DELHI NY 13753 CONSTRUCTION 836299 28 11321388 49894653 4219288 61216041 TUITION AND FEES 611600 100864743 100864743 STUDENT HOUSING 721310 13053150 13053150 DINING SERVICES 722320 9001725 9001725 OTHER PROGRAM SERVICE REVENUE 611600 2771326 2771326 125690944 4490082 4490082 31240 0 31240 31240 31240 71131000 616777 69163211 620259 1967789 -3482 1964307 1964307 193392614 125690944 0 6485629 237925 237925 70381866 70381866 1015189 905424 109765 42885508 33696386 6607423 2581699 2731066 2096255 467375 167436 8333470 4459209 3012878 861383 3033754 2328586 519175 185993 479313 1502 477811 192155 192155 905916 319592 586324 13688256 10474167 3209262 4827 134375 88313 24846 21216 2136156 1664431 303418 168307 1384332 290537 1091734 2061 12653185 11722205 929318 1662 1894522 1662712 93842 137968 1576415 1147390 120987 308038 2418615 2418615 7316708 6888354 428354 1777419 2744 1772675 2000 MISC ATHLETICS 3406954 3349701 2355 54898 MISC GLOBAL ED 2683610 2683610 OTHER 2114152 1442179 646662 25311 MISC LIBRARY 968945 968945 184349806 158325224 21392018 4632564 9997516 12006446 12980079 42878276 2068848 953031 1184024 823002 2311432 3354932 326591864 170734412 154666961 155857452 69372355 63438291 164941681 158852217 2444633 2557272 419967529 440720919 12231582 13394890 4494 2714063 2525840 20284779 19291980 36013137 36042386 7071682 6166263 78319737 77421359 X 134157587 132862967 207490205 230436593 341647792 363299560 419967529 440720919 X 9042808 12009355 599605 X 0 1 X 1 1 1 X 21327220 534022 25259348 22091911 61216041 130428542 21327220 534022 25259348 22091911 61216041 130428542 24383400 106045142 2234465 288582 4653310 3890524 4521322 15588203 146016745 0.72630 0.82360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 10750 10750 0 PART II-B, LINE 1: THE COLLEGES DO NOT DIRECTLY ENGAGE IN LOBBYING ACTIVITY. HOWEVER, A PORTION OF THE DUES PAID TO PROFESSIONAL ORGANIZATIONS IS DESIGNATED FOR LOBBYING BY SUCH PROFESSIONAL ORGANIZATIONS. 2215728 15699618 X X X 0 181347857 3008375 13355626 13500988 184210870 237195397 1919822 15433057 7029413 66171006 181347857 286334110 4876794 -37257458 6624297 9863059 270693 237195397 283731395 361337 3537741 559916 736447 286334110 204650152 5104823 83928844 4192047 5513717 246660 283731395 0.00000 0.75000 0.25000 0 0 3622656 3622656 216643654 101976356 114667298 57750747 49363798 8386949 48574807 19394258 29180549 155857452 ALTERNATIVE INVESTMENTS 158852217 F 158852217 DEFERRED GIVING OBLIGATIONS 1158985 FAIR VALUE OF SWAP AGREEMENTS 1489071 ASSET RETIREMENT OBLIGATIONS 3518207 6166263 135033384 12009355 -69782262 -57772907 192806291 586324 586324 193392615 113381616 0 113381616 70968190 70968190 184349806 PART III, LINE 1A: HOBART AND WILLIAM SMITH COLLEGES MAINTAIN COLLECTIONS THAT CONSIST OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF THE COLLEGES' EXEMPT PURPOSE. THESE ITEMS ARE PROTECTED AND PRESERVED, AND PROCEEDS FROM SALES (IF SALES ARE PERMITTED) ARE USED TO ACQUIRE ADDITIONAL COLLECTION ITEMS. PART V, LINE 4: THE ENDOWMENT OF HOBART AND WILLIAM SMITH COLLEGES PROVIDES ANNUAL SUPPORT FOR SCHOLARSHIPS, PROGRAM AND STUDENT SUPPORT, FACULTY SUPPORT, CAPITAL PROJECTS, AND GENERAL OPERATING PURPOSES OF THE COLLEGES IN ACCORDANCE WITH DONOR RESTRICTIONS OR ACTIONS TAKEN BY THE BOARD OF TRUSTEES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS CHANGE IN FAIR VALUE OF SWAP AGREEMENT CHANGE IN VALUE OF DEFERRED GIVING PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS INVESTMENT MANAGEMENT FEE 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 HOBART AND WILLIAM SMITH COLLEGES HAVE PUBLICIZED OUR NONDISCRIMINATORY POLICY IN ALL SOLICITATIONS FOR STUDENTS. APPLICANTS ARE RECRUITED THROUGH THE USE OF DIRECT MAIL AND ELECTRONIC DOCUMENTS, GENERAL COLLEGE PUBLICATIONS ARE FREELY ACCESSIBLE TO THE COMMUNITY, IN ADVERTISEMENTS IN REGIONAL AND GENERAL INTEREST PUBLICATIONS AND ON THE COLLEGES' WEBSITE WWW.HWS.EDU. SCHEDULE E, PART I, LINE 6 HOBART AND WILLIAM SMITH COLLEGES RECEIVE STATE AND FEDERAL FUNDING IN RELATION TO STUDENT FINANCIAL ASSISTANCE, RESEARCH AND DEVELOPMENT, AND OTHER EDUCATION RELATED FUNCTIONS ALL USED TO FULFILL THE MISSION OF THE COLLEGES. 0 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS INVESTMENTS 43294133 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS INVESTMENTS 19384036 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, INVESTMENTS INVESTMENTS 300088 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 PROGRAM DIRECTOR PROGRAM DIRECTOR 13285 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, TRAVEL FOREIGN TRAVEL 56199 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TRAVEL FOREIGN TRAVEL 167260 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES TRAVEL FOREIGN TRAVEL 12315 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, TRAVEL FOREIGN TRAVEL 24319 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, TRAVEL FOREIGN TRAVEL 1273 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, TRAVEL FOREIGN TRAVEL 2410 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, TRAVEL FOREIGN TRAVEL 1913 1 0 0 0 1 0 63251635 5596 63257231 INTERNATIONAL SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 32 744333 INTERNATIONAL SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 129 2834117 INTERNATIONAL SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 42219 INTERNATIONAL SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 3 78756 1 0 1 1 1 0 PART I, LINE 2: HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. PART I, LINE 3: EXPENDITURES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. 1 GENEVA FIREMATICS COMMITTEE PO BOX 911 GENEVA NY 14456 161057736 501(C)(3) 10000 0 CONTRIBUTION CITY OF GENEVA 47 CASTLE STREET GENEVA NY 14456 166002543 GOV'T 227925 0 CONTRIBUTION 2 SCHOLARSHIPS 1647 70381866 PART I, LINE 2: THE COLLEGES PROVIDE FUNDING TO CHARITABLE ORGANIZATIONS AS WELL AS LOCAL GOVERNMENTS THAT SUPPORT THE COMMUNITY IN WHICH THE COLLEGES OPERATE. THE AMOUNTS PROVIDED ARE USED BY THE RECIPIENT ORGANIZATIONS TO FURTHER THEIR MISSION AND DO NOT REQUIRE ANY MONITORING. HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES AND VARIOUS FEDERAL FUNDING SOURCES, AS APPLICABLE. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARK GEARAN PRESIDENT 568245 0 0 0 16843 0 22500 0 112648 0 720236 0 0 0 SARAH KIRK PROVOST AND DEAN OF FACULTY 247242 0 0 0 12761 0 7878 0 64871 0 332752 0 0 0 ROBERT O'CONNOR VP AND SENIOR PHILANTHROPIC ADVISOR 260765 0 0 0 774 0 18642 0 27036 0 307217 0 0 0 MARK EDWARDS VP FINANCE & ADMINISTRATIO 248763 0 0 0 10213 0 12851 0 27193 0 299020 0 0 0 ALFRED DAMIANO VP STRATEGIC INITIATIVES AND CIO 219049 0 0 0 1188 0 15756 0 27183 0 263176 0 0 0 CATHERINE WILLIAMS VP MARKETING & COMMUNICATIONS 224547 0 0 0 414 0 15611 0 9636 0 250208 0 0 0 BECCA BARILE VP OF CAMPUS LIFE AND DIRECTOR OF TH 162462 0 0 0 11488 0 11423 0 38465 0 223838 0 0 0 LOUIS GUARD GEN COUNSEL & ASST SEC 194042 0 0 0 160 0 3730 0 5757 0 203689 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: DURING CALENDAR YEAR 2023, PRESIDENT MARK GEARAN WAS PROVIDED HOUSING AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGES. THE FAIR MARKET VALUE OF THE HOUSING ALLOWANCE AND PERSONAL MAID SERVICES ARE INCLUDED AS A NON-TAXABLE BENEFIT IN SCHEDULE J, COLUMN (D). A CITY OF GENEVA INDUS DEV AG MULTI (SERIES 2007) 161266095 372175BT5 2007-12-12 31250000 CAPITAL PROJECTS 0 0 0 A 11850000 31250000 475688 357585 29974498 442229 2011 0 0 1 1 A 0 0 1 1 0 0.02090 0.02090 0 0 1 A 0 0 1 0 1 1 RBC CAPITAL MARKETS 30.000000000000 1 0 0 0 1 A 1 PART II LINE 11: OTHER SPEND PROCEEDS COLUMN A- $442,229 NYS BOND ISSUANCE CHARGE, ISSUER ADMINISTRATIVE FEE PER FORM 8038 PART IV QUESTIONS 2B AND 2C COLUMN A- ALL FUNDS IN THE 2007 SERIES MET THE SPEND DOWN EXCEPTION. EMPLOYEE 37267 TUITION REMISSION MICHAEL GUARD SIBLING OF OFFICER 50806 EMPLOYEE AT THE COLLEGES 0 MARY H GEARAN SPOUSE OF OFFICER 60637 EMPLOYEE AT THE COLLEGES 0 X 8 2215728 FMV OR APPRAISED VALUE X 43 1976671 FMV X MISCELLANEOUS 15 26889 FMV 0 1 1 PART I, LINE 32B: HOBART AND WILLIAM SMITH COLLEGES HAVE AN AGREEMENT IN PLACE WITH A SECURITY BROKER TO PROCESS AND SELL STOCK GIFTS AS SOON AS THEY ARE RECEIVED. SCHEDULE M PART I COLUMN (B) HWS REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH STEIN AND ERIC STEIN, BROTHERS ON BOARD OF TRUSTEES. LOU GUARD (OFFICER) AND DR. KIRRA GUARD (TRUSTEE) ARE SPOUSES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM IS REVIEWED AND CORRECTIONS OR CHANGES ARE MADE AS NECESSARY. A FINAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ON A DISCLOSURE STATEMENT. AT THIS TIME A RIGOROUS PROCESS OF REVIEWING THE DISCLOSURES IS UNDERTAKEN BY THE ASSISTANT SECRETARY AND CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE CONFLICTS ARE IDENTIFIED AND RESOLVED IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A: THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (OMITTING THE PRESIDENT FOR THIS PURPOSE) IS COMPRISED OF MEMBERS WITHOUT A CONFLICT OF INTEREST. THIS COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT. AN ANNUAL PROCESS OF ASSESSING THE PRESIDENT'S PERFORMANCE AND REVIEWING COMPARATIVE COMPENSATION DATA IS PERFORMED IN ORDER TO RECOMMEND COMPENSATION CHANGES. A MOTION TO BE APPROVED BY THE FULL BOARD IS DRAFTED BY THE EXECUTIVE COMMITTEE AFTER THE REVIEW PROCESS. THE DISCUSSIONS OF THE COMMITTEE AND FULL BOARD ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15B: ANNUALLY, THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED WITH AND REVIEWS A SUMMARY REPORT PREPARED BY THE DIRECTOR OF HUMAN RESOURCES COMPARING THE SALARIES OF ALL SENIOR STAFF MEMBERS TO THEIR POSITION BENCHMARKS OBTAINED FROM CUPA-HR (THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) TO ENSURE HWS' SALARIES ARE IN LINE WITH THE NATIONAL AND REGIONAL MARKETS. FORM 990, PART VI, SECTION C, LINE 19 HOBART AND WILLIAM SMITH COLLEGES MAKE THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGES' WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SWAP AGREEMENT 375,682. CHANGE IN VALUE OF DEFERRED GIVING 223,923. CHARITABLE REMAINDER TRUST (1) CRAT NY 1 CHARITABLE REMAINDER UNITRUST (3) CRUT NY 1 POOLED INCOME FUND POOLED INCOME FUND NY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0