2022-04-13T07:52:30-05:00 2021-05-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2020-06-01 160743040 HOBART AND WILLIAM SMITH COLLEGES HOBA 3157813337 300 PULTENEY STREET GENEVA NY 14456 CAROLEE WHITE VP FOR FINANCE AND ADMIN. 3157813337 2022-03-31 1 CAROLEE WHITE XXX-XX-XXXX AIMEE JOZIC P01329472 5853811000 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MS JOYCE P JACOBSEN 337 PULTENEY STREET GENEVA NY 14456 187508547 0 X WWW.HWS.EDU X 1943 NY HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. 35 34 1662 2760 9531 0 19122984 24027173 131970270 125982873 10404977 14683406 812790 3999 162311021 164697451 58318809 62510551 0 0 57768265 49248505 0 0 3246695 46364945 40413595 162452019 152172651 -140998 12524800 410660089 492561526 87768923 87456357 322891166 405105169 X HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. 0 0 133436521 62510551 125982873 THE COLLEGES ARE LOCATED AT THE SHORE OF SENECA LAKE ON A 320-ACRE CAMPUS IN GENEVA, NY, THE HEART OF THE FINGER LAKES REGION. HOBART AND WILLIAM SMITH HAVE A COMBINED ENROLLMENT OF APPROXIMATELY 1,850 STUDENTS, AND 200 FULL-TIME FACULTY LINES MAINTAINING A DESIRED 9:01 STUDENT FACULTY RATIO. MORE THAN 45 MAJORS AND 68 MINORS ARE OFFERED, WHERE A STUDENT CAN OBTAIN A BACHELOR OF ARTS, BACHELOR OF SCIENCE, OR A MASTER OF ARTS IN TEACHING DEGREE. A RICH INTERDICIPLINARY PROGRAM AND LIMITLESS OPPORTUNITIES FOR SELF-DISCOVERY ARE HALLMARKS OF ACADEMICS AT THE COLLEGES. HOBART AND WILLIAM SMITH COLLEGES ARE ALSO KNOWN FOR AN AMBITIOUS EMPHASIS ON INTERNATIONAL STUDY AND PROGRAMS IN COMMUNITY ENGAGEMENT AND SERVICE-LEARNING. MORE THAN 60-PERCENT OF HOBART AND WILLIAM SMITH STUDENTS HAVE THE OPPORTUNITY TO STUDY ABROAD IN NEARLY 50 LOCATIONS AROUND THE WORLD. THE COLLEGES VIEW CIVIC RESPONSIBILITY, COMMUNITY ENGAGEMENT, AND INTERNATIONAL EDUCATION AS INTEGRAL COMPONENTS OF A LIBERAL ARTS EDUCATION. 133436521 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 1 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 0 0 0 1 251 0 1 1662 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 MS CAROLEE WHITE 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 JOYCE P JACOBSEN PRESIDENT 50.00 X X 476278 0 81878 CAROLEE WHITE VP FIN&ADMIN & ASST. TREAS. 50.00 X 262332 0 40863 LOUIS GUARD VP AND GEN COUNSEL & ASST SECRETARY 50.00 X 156367 0 16895 ROBERT FLOWERS VP OF CAMPUS LIFE 50.00 X 204672 0 38618 MARY COFFEY PROVOST 50.00 X 224604 0 26927 ROBERT O'CONNOR VP INSTITUTIONAL ADVANCEMENT 50.00 X 239454 0 149541 ALFRED DAMIANO VP STRATEGIC INITIATIVES/CIO 50.00 X 201987 0 38811 CATHERINE WILLIAMS VP MARKETING/COMMUNICATION 50.00 X 204207 0 23276 DEBORAH STEWARD ASSOC. VP ATHLETICS 50.00 X 148358 0 18948 LINDA ROBERTSON PROFESSOR 50.00 X 145207 0 17930 DEWAYNE LUCAS FORMER INTERIM PROVOST 0.00 X 113340 0 25923 GREG VINCENT FORMER PRESIDENT (THRU 4/18) 0.00 X 138561 0 0 FRANK ALOISE JR TRUSTEE 2.00 X 0 0 0 LINDA D ARRINGTON TRUSTEE 2.00 X 0 0 0 THOMAS S BOZZUTO TRUSTEE END JUNE 2020 2.00 X 0 0 0 DR STEPHEN L COHEN TRUSTEE END JUNE 2020 2.00 X 0 0 0 EDWARD R COOPER TRUSTEE 2.00 X 0 0 0 JEREMY T CUSHMAN TRUSTEE END JUNE 2020 2.00 X 0 0 0 JULIE BAZAN D'ANGELO TRUSTEE BEG. JULY 2020 2.00 X 0 0 0 ALBRIGHT R DWARKA STUDENT TRUSTEE BEG. JULY 2020 2.00 X 0 0 0 KATHERINE D ELLIOT TRUSTEE 2.00 X 0 0 0 JANE M ERICKSON TRUSTEE 2.00 X 0 0 0 CYNTHIA GELSTHORPE FISH 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 ALOYSEE H JARMOSZUK TRUSTEE END JUNE 2020 2.00 X 0 0 0 KATHERINE R MACKINNON TRUSTEE END JUNE 2020 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 GARRETT A MATHIESON 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 MARGUERITTE MURPHY TRUSTEE BEG. JULY 2020 2.00 X 0 0 0 AUDREY PLATT STUDENT TRUSTEE BEG. JULY 2020 2.00 X 0 0 0 THOMAS B POOLE TRUSTEE 2.00 X 0 0 0 MICHAEL E RAWLINS TRUSTEE 2.00 X 0 0 0 THE RT REV PRINCE G SINGH TRUSTEE 2.00 X 0 0 0 DR RICHARD SOLOMON TRUSTEE BEG. JULY 2020 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 CRAIG M STEVENS TRUSTEE 2.00 X 0 0 0 DR RICHARD L WASSERMAN 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 EDENS D FLEURIZARD STUDENT TRUSTEE END JUNE 2020 2.00 X 0 0 0 GIANNA GONZALEZ STUDENT TRUSTEE END JUNE 2020 2.00 X 0 0 0 2515367 0 479610 61 1 1 0 SODEXO INC AND AFFILIATES 337 PULTENEY STREET GENEVA NY 14456 DINING, FACILITIES, AND MAINTENANCE SERV 9799688 GALLAGHER STUDENT HEALTH & SPECIAL RISK PO BOX 95107 CHICAGO IL 60694 CONSULTING 590426 FINGER LAKES HEALTH 196 NORTH STREET GENEVA NY 14456 NURSING SERVICES 448762 APT ACQUISITION AND CONSTRUCTION CORP 2680 ABUTMENT ROAD SE DALTON GA 30721 CONSTRUCTION 427300 ORACLE AMERICA INC PO BOX 203448 DALLAS TX 75320 SOFTWARE MAINTENANCE 335960 28 5368610 18658563 24027173 TUITION AND FEES 611600 105483254 105483254 RESIDENCE HALLS 721310 11814784 11814784 DINING SERVICES 722320 7938859 7938859 OTHER PROGRAM SERVICE 611600 745976 736445 9531 125982873 2234465 2234465 6240 2241 3999 3999 3999 34509840 747956 21747777 1061078 12762063 -313122 12448941 12448941 164697451 125973342 9531 14687405 201221 201221 61524719 61524719 784611 784611 1256053 426876 745177 84000 35604141 29020119 4653096 1930926 1685642 1346631 246867 92144 8078550 6453819 1183125 441606 2624119 2096365 384309 143445 267658 952 266706 171250 171250 727929 146414 581515 10576856 8866717 1567342 142797 100711 75880 24710 121 1589168 1083973 376132 129063 905253 301751 603502 11091191 9724961 1199925 166305 540944 218161 318744 4039 359562 277275 64636 17651 2494136 2331787 162349 7092649 6787037 305612 1162164 3133 1159031 MISC ATHLETICS 669923 659286 10637 MISC LIBRARY 505385 505385 MISC GLOBAL ED 51319 51319 2107497 548129 1464770 94598 152172651 133436521 15489435 3246695 18337261 22096939 4422125 5868194 1662211 2468789 2370007 1990715 1851582 4239518 316046074 161491549 158604652 154554525 136727980 173749837 83784442 123961024 2899829 3631985 410660089 492561526 10267527 12480144 4494 4494 6599329 4123770 56760790 22145377 925500 36611637 13211283 12090935 87768923 87456357 X 126000838 138909146 196890328 266196023 322891166 405105169 410660089 492561526 X 12524800 69241207 447996 X X 0 1 X 1 1 1 X 17503706 14373658 17065242 19122984 21327220 89392810 17503706 14373658 17065242 19122984 21327220 89392810 588778 88804032 4055533 3912540 3573945 1651424 2234465 15427907 379272 358748 738020 105558737 0.84130 0.71050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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. 1988400 9471280 X X X 0 204650152 5104823 83928844 4192047 5513717 246660 283731395 209690877 4879991 5938777 3696569 11931030 231894 204650152 214347520 2535610 3499874 4740502 5608505 343120 209690877 198893217 4203389 22232760 4562068 6639788 -220010 214347520 175006996 3656971 29647633 5045770 4634758 -262145 198893217 0.14000 0.53000 0.33000 0 0 3622656 3622656 208119734 88555978 119563756 56212532 46542720 9669812 48091152 26392851 21698301 154554525 ALTERNATIVE INVESTMENTS 123961024 F 123961024 REFUNDABLE ADVANCES FROM GOVERNMENT LOAN PROGRAMS 1758376 ASSET RETIREMENT OBLIGATIONS 3132831 FAIR VALUE OF SWAP AGREEMENTS 5643515 DEFERRED GIVING OBLIGATIONS 1556213 12090935 173002550 69241207 -60356834 8884373 164118177 581515 -2241 579274 164697451 90788547 2241 2241 90786306 581515 60804830 61386345 152172651 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 - $(60,804,830) OTHER LOSSES - $(1,442,698) CHANGE IN FAIR VALUE OF SWAP AGREEMENT - $1,285,444 CHANGE IN VALUE OF DEFERRED GIVING - $605,250 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES - $2,241 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES - $2,241 PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS - $60,804,830 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 RACIALLY 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. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS INVESTMENTS 75725170 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, INVESTMENTS INVESTMENTS 8998468 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS INVESTMENTS 5243202 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 CONSULTING SERVICES LEGAL CONSULTING SERVICES FOR STUDY ABROAD PROGRAM. 5355 0 1 0 0 0 1 89972195 0 89972195 SCHOLARSHIPS INTERNATIONAL STUDENTS CENTRAL AMERICA AND THE CARIBBEAN 1 17622 SCHOLARSHIPS INTERNATIONAL STUDENTS EAST ASIA AND THE PACIFIC 12 235365 SCHOLARSHIPS INTERNATIONAL STUDENTS EUROPE (INCLUDING ICELAND & GREENLAND) 8 263973 SCHOLARSHIPS INTERNATIONAL STUDENTS MIDDLE EAST AND NORTH AFRICA 3 100269 SCHOLARSHIPS INTERNATIONAL STUDENTS NORTH AMERICA 2 50331 SCHOLARSHIPS INTERNATIONAL STUDENTS RUSSIA AND NEIGHBORING STATES 2 26237 SCHOLARSHIPS INTERNATIONAL STUDENTS SOUTH ASIA 2 46680 SCHOLARSHIPS INTERNATIONAL STUDENTS SUB-SAHARAN AFRICA 2 44134 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. PART III ACCOUNTING METHOD: 1 GENEVA FIREMATICS COMMITTEE PO BOX 911 GENEVA NY 14456 161057736 501(C)(3) 10000 CONTRIBUTION CITY OF GENEVA 47 CASTLE STREET GENEVA NY 14456 166002543 GOV'T 191221 CONTRIBUTION 2 SCHOLARSHIPS 1694 60020219 HEERF GRANTS TO STUDENTS 898 1504500 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 1 0 0 0 0 0 0 0 0 JOYCE P JACOBSEN PRESIDENT 397710 0 0 0 78568 0 14250 0 67628 0 558156 0 0 0 CAROLEE WHITE VP FIN&ADMIN & ASST. TREAS. 261558 0 0 0 774 0 20515 0 20348 0 303195 0 0 0 LOUIS GUARD VP AND GEN COUNSEL & ASST SECRETARY 152551 0 0 0 3816 0 11895 0 5000 0 173262 0 0 0 ROBERT FLOWERS VP OF CAMPUS LIFE 204264 0 0 0 408 0 15729 0 22889 0 243290 0 0 0 MARY COFFEY PROVOST 198960 0 0 0 25644 0 11308 0 15619 0 251531 0 0 0 ROBERT O'CONNOR VP INSTITUTIONAL ADVANCEMENT 239040 0 0 0 414 0 18624 0 130917 0 388995 0 0 0 ALFRED DAMIANO VP STRATEGIC INITIATIVES/CIO 201213 0 0 0 774 0 15847 0 22964 0 240798 0 0 0 CATHERINE WILLIAMS VP MARKETING/COMMUNICATION 203801 0 0 0 406 0 15596 0 7680 0 227483 0 0 0 DEBORAH STEWARD ASSOC. VP ATHLETICS 147864 0 0 0 494 0 11068 0 7880 0 167306 0 0 0 LINDA ROBERTSON PROFESSOR 136056 0 0 0 9151 0 10250 0 7680 0 163137 0 0 0 DEWAYNE LUCAS FORMER INTERIM PROVOST 88266 0 0 0 25074 0 7056 0 18867 0 139263 0 0 0 GREG VINCENT FORMER PRESIDENT (THRU 4/18) 0 0 0 0 138561 0 0 0 0 0 138561 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: DURING CALENDAR YEAR 2020, PRESIDENT JOYCE JACOBSEN WAS PROVIDED HOUSING AS A CONDITION OF HER 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). SCHEDULE J, PART I, LINE 4A FORMER PRESIDENT GREGORY VINCENT RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $138,561. THIS AMOUNT HAS BEEN INCLUDED IN THE COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN B(III). A CITY OF GENEVA INDUS DEV AG MULTI (SERIES 2007) 161266095 372175BT5 2007-12-12 31250000 CAPITAL PROJECTS 0 0 0 A 8975000 31250000 475688 357585 29974498 442229 2011 0 0 1 1 A 0 0 1 1 0 0.00450 0.00450 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 SPENT PROCEEDS COL A - $442,229 NYS BOND ISSUANCE CHARGE, ISSUER ADMINISTRATIVE FEE PER FORM 8038 PART IV, QUESTION 2B AND 2C COL A - ALL FUNDS IN THE 2007 SERIES MET THE SPEND DOWN EXCEPTION. BOARD MEMBERS 58500 MERIT BASED AID BOARD MEMBERS 8195 NEED BASED AID EMPLOYEE 114800 TUITION REMISSION KATHLEEN FLOWERS SPOUSE OF KEY EMPLOYEE 67526 EMPLOYEE AT THE COLLEGES 0 SUSAN CUSHMAN SPOUSE OF TRUSTEE 67318 EMPLOYEE AT THE COLLEGES 0 MICHAEL GUARD SIBLING OF OFFICER 38798 EMPLOYEE AT THE COLLEGES 0 0 X 3 1988400 FMV OR APPRAISED VALUE X 62 1263517 FMV X SUPPLIES 1 32679 FMV X MISCELLANEOUS 3 7675 FMV 1 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. 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: BOND DEFEASANCE COSTS -1,421,699. CHANGE IN FAIR VALUE OF SWAP AGREEMENT 1,285,444. OTHER LOSSES -20,999. CHANGE IN VALUE OF DEFERRED GIVING 605,250. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR. CHARITABLE REMAINDER TRUST (2) CRAT NY T 1 CHARITABLE REMAINDER UNITRUST (4) CRUT NY T 1 POOLED INCOME FUND POOLED INCOME FUND NY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0