FRANKLIN & MARSHALL COLLEGE: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: FRANKLIN & MARSHALL COLLEGE (EIN 23-1352635)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-05-13
IRS object ID: 202241339349304104
Schema version: 2020v4.2
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	2022-05-13T10:35:10-05:00	ReturnTs
Tax Period End	2021-06-30	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 US LLP	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	2020-07-01	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	MICHAEL TODD	PersonNm
Person Title	VP FOR FINANCE AND ADMIN.	PersonTitleTxt
Phone	7173583925	PhoneNum
Signature	2022-05-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MICHAEL	PersonFirstNm
Person Last	TODD	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KERRI N BOGDA CPA	PreparerPersonNm
PTIN	P00760402	PTIN
Phone	7177404863	PhoneNum
Self Employed	Yes (X)	SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	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	$274,724,426	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	31	VotingMembersGoverningBodyCnt
Voting Members Independent	30	VotingMembersIndependentCnt
Total Employee	2303	TotalEmployeeCnt
Total Volunteers	1424	TotalVolunteersCnt
Total Gross UBI	$51,141	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$18,508,987	PYContributionsGrantsAmt
CY Contributions Grants	$27,265,935	CYContributionsGrantsAmt
PY Program Service Revenue	$164,029,618	PYProgramServiceRevenueAmt
CY Program Service Revenue	$148,397,333	CYProgramServiceRevenueAmt
PY Investment Income	-$8,989,549	PYInvestmentIncomeAmt
CY Investment Income	$31,542,132	CYInvestmentIncomeAmt
PY Other Revenue	$2,845,051	PYOtherRevenueAmt
CY Other Revenue	$2,313,807	CYOtherRevenueAmt
PY Total Revenue	$176,394,107	PYTotalRevenueAmt
CY Total Revenue	$209,519,207	CYTotalRevenueAmt
PY Grants And Similar Paid	$61,294,511	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$60,836,007	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$78,791,993	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$75,750,765	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$5,259,697	CYTotalFundraisingExpenseAmt
PY Other Expenses	$53,869,540	PYOtherExpensesAmt
CY Other Expenses	$53,585,233	CYOtherExpensesAmt
PY Total Expenses	$193,956,044	PYTotalExpensesAmt
CY Total Expenses	$190,172,005	CYTotalExpensesAmt
PY Revenues Less Expenses	-$17,561,937	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$19,347,202	CYRevenuesLessExpensesAmt
Total Assets BOY	$780,280,025	TotalAssetsBOYAmt
Total Assets EOY	$899,256,737	TotalAssetsEOYAmt
Total Liabilities BOY	$233,750,326	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$228,039,469	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$546,529,699	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$671,217,268	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	$42,368,170	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$136,948,501	RevenueAmt
Desc	INSTRUCTION: THE COLLEGE GRANTS BACHELOR OF ARTS DEGREES IN 60 FIELDS OF STUDY, WITH A FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENT OF 2,182 DURING THE 2021 ACADEMIC YEAR. THE COLLEGE OFFERS AN INTEGRATED LEARNING ENVIRONMENT 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 18 STUDENTS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$60,688,092	ExpenseAmt
Grant	$60,688,092	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 64.8% OF OUR STUDENTS, ALLOWING US TO RECRUIT EXTRAORDINARY TALENT FROM ALL BACKGROUNDS. THE CLASS OF 2025 ENROLLED 513 STUDENTS. THEY BOAST AN AVERAGE SAT SCORE OF 1325 AND AN AVERAGE ACT SCORE OF 30.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$21,115,552	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	$17,519,213	ExpenseAmt
Grant	$147,915	GrantAmt
Revenue	$11,441,032	RevenueAmt
Desc	AUXILIARY OPERATIONS: ACADEMIC SUPPORT, RESEARCH, PUBLIC SERVICE, AND INSTITUTIONAL SUPPORT.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$17,519,213	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$147,915	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$11,441,032	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$141,691,027	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	376	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	2303	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	31	GoverningBodyVotingMembersCnt
Independent Voting Member	30	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 CONTROLLER & ASSISTANT TREASURER	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 (48 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
AKBAR HOSSAIN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
LES J LIEBERMAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
BARBARA K ALTMANN PHD
PRESIDENT	60.00	Yes (X)	$536,449	$0	$67,886	Yes (X)
PATRICIA E HARRIS
TRUSTEE - VICE CHAIR	4.00	Yes (X)	$0	$0	$0	Yes (X)
SUSAN KLINE KLEHR
TRUSTEE - VICE CHAIR	4.00	Yes (X)	$0	$0	$0	Yes (X)
BENJAMIN J WINTER
TRUSTEE - VICE CHAIR	4.00	Yes (X)	$0	$0	$0	Yes (X)
JONATHAN E BABKOW
TRUSTEE	2.00	Yes (X)	$0	$0	$0
LAWRENCE G BRAITMAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
ROBERT J BROOKS SR
TRUSTEE	3.00	Yes (X)	$0	$0	$0
MODIA J BUTLER
TRUSTEE	2.00	Yes (X)	$0	$0	$0
MONA L CAMACCI MD
TRUSTEE	2.00	Yes (X)	$0	$0	$0
MATTHEW N DESCHAMPS
TRUSTEE	2.00	Yes (X)	$0	$0	$0
DR JOAN M FALLON
TRUSTEE	2.00	Yes (X)	$0	$0	$0
EVELYN N FARKAS PH D
TRUSTEE	2.00	Yes (X)	$0	$0	$0
ANNE W FASS
TRUSTEE	2.00	Yes (X)	$0	$0	$0
JOHN W GREENE JR
TRUSTEE	2.00	Yes (X)	$0	$0	$0
SHAWN M JENKINS
TRUSTEE	2.00	Yes (X)	$0	$0	$0
HALE A KRASNE
TRUSTEE	2.00	Yes (X)	$0	$0	$0
DAVID H LEHMAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
DOUGLAS J MCCORMACK ESQ
TRUSTEE	2.00	Yes (X)	$0	$0	$0
KENNETH B MEHLMAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
JUDITH C FISHLOW MINTER
TRUSTEE	2.00	Yes (X)	$0	$0	$0
ERIC W NOLL
CHAIR	2.00	Yes (X)	$0	$0	$0	Yes (X)
RAYMOND A SANSEVERINO
TRUSTEE	2.00	Yes (X)	$0	$0	$0
MARY L SCHAPIRO LHD
TRUSTEE	2.00	Yes (X)	$0	$0	$0
LAURENCE A SHADEK
TRUSTEE	2.00	Yes (X)	$0	$0	$0
STUART FARWELL SMITH
TRUSTEE	2.00	Yes (X)	$0	$0	$0
H ART TAYLOR ESQ
TRUSTEE	2.00	Yes (X)	$0	$0	$0
EDWARD D VAN DOLSEN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
COLLEEN ROSS WEIS
TRUSTEE	2.00	Yes (X)	$0	$0	$0
KATHY HAY STINE
TRUSTEE	2.00	Yes (X)	$0	$0	$0
MICHAEL J TODD
VP FOR FINANCE & ADMINISTRATION	60.00		$164,557	$0	$8,974	Yes (X)
GRETCHEL L HATHAWAY
VP FOR DIVERSITY, EQUITY, & INCLUSION	40.00		$75,440	$0	$2,774	Yes (X)
JIMMIE A FOSTER
VP FOR ENROLLMENT MANAGEMENT	40.00		$144,975	$0	$21,713	Yes (X)
MATTHEW K EYNON
VP FOR COLLEGE ADVANCEMENT	60.00		$355,375	$0	$58,408	Yes (X)
PIERCE BULLER
GENERAL COUNSEL	60.00		$293,874	$0	$49,413	Yes (X)
MARGARET HAZLETT
VP AND DEAN OF STUDENT AFFAIRS	60.00		$263,838	$0	$43,633	Yes (X)
ALAN CANIGLIA
VP FOR STRATEGIC INITIATIVES	60.00		$277,061	$0	$37,148	Yes (X)
CARRIE E RAMPP
VP & CHIEF INFORMATION OFFICER	40.00		$222,111	$0	$34,410	Yes (X)
BARBARA S STAMBAUGH
VP FOR COMMUNICATIONS	40.00		$222,683	$0	$34,298	Yes (X)
CAMERON B WESSON
PROVOST AND DEAN OF THE FACULTY	60.00		$280,900	$0	$33,553	Yes (X)
CYNTHIA GORMAN
AVP FOR COLLEGE ADVANCEMENT	40.00		$218,859	$0	$28,880		Yes (X)
STANLEY A MERTZMAN
PROFESSOR OF GEOSCIENCES	40.00		$201,362	$0	$29,920		Yes (X)
BETH L THRONE
AVP STUDENT & POST-GRADUATE DEV.	40.00		$191,124	$0	$18,071		Yes (X)
ALAN S GLAZER
PROFESSOR OF BUSINESS	40.00		$177,403	$0	$28,169		Yes (X)
MARCUS W THOMSEN
PROFESSOR OF CHEMISTRY	40.00		$170,124	$0	$32,372		Yes (X)
ROBYN L PIGGOTT
FMR CHIEF OF STAFF/SEC. (RES. 12/19)	0.00		$145,866	$0	$3,800			Yes (X)
PAUL M MUTONE
FMR VP FIN & ADMIN/TREAS (RES. 1/20)	0.00		$195,815	$0	$22,555			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$4,137,816	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$555,977	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	140	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
POOLE ANDERSON CONSTRUCTION LLC
2121 OLD GATESBURG ROAD STE 200	STATE COLLEGE	PA	168032290	CONSTRUCTION SVC.	$5,512,468
SODEXO INC & AFFILIATES
4880 PAYSPHERE CIRCLE	CHICAGO	IL	606740048	FOOD SERVICES MGMT.	$3,576,731
LANCASTER GENERAL MEDICAL GRP
1030 NEW HOLLAND AVE BUILDING 12A	LANCASTER	PA	176015689	STUDENT HEALTH SVCS.	$1,448,393
SHEET METAL SPECIALISTS LLC
1731 19TH ST	HARRISBURG	PA	171043204	CONSTRUCTION SVC.	$1,071,657
TIAA KASPICK
230 REDWOOD SHORES PKWY SUITE 300	REDWOOD CITY	CA	940656121	INVESTMENT MANAGEMENT	$275,195

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt
Government Grants	$4,858,277	GovernmentGrantsAmt
All Other Contributions	$22,407,658	AllOtherContributionsAmt
Noncash Contributions	$4,563,170	NoncashContributionsAmt
Total Contributions	$27,265,935	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION & FEES	611310	$136,948,501	$136,948,501
AUXILIARY OPERATIONS	721310	$11,448,832	$11,441,032	$7,800

Field	Value	IRS element (for citing)
Total Program Service Revenue	$148,397,333	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,740,408	TotalRevenueColumnAmt
Unrelated Business Revenue	-$25,799	UnrelatedBusinessRevenueAmt
Exclusion	$5,766,207	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$23,498	TotalRevenueColumnAmt
Exclusion	$23,498	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$997,965	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$636,108	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$361,857	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$361,857	TotalRevenueColumnAmt
Exclusion	$361,857	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$90,370,835	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$64,509,559	SecuritiesAmt
Other	$59,552	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$25,861,276	SecuritiesAmt
Other	-$59,552	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,801,724	TotalRevenueColumnAmt
Exclusion	$25,801,724	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
RESEARCH INCOME	900099	$909,014	$69,140	$839,874
INDIRECT COST RECOVERY	900099	$367,587		$367,587
PROGRAM FEES	900099	$360,645		$360,645

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$291,206	TotalRevenueColumnAmt
Exclusion	$291,206	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,928,452	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$209,519,207	TotalRevenueColumnAmt
Related Or Exempt Func Income	$148,389,533	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$51,141	UnrelatedBusinessRevenueAmt
Exclusion	$33,812,598	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$147,915	TotalAmt
Program Services	$147,915	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$55,861,540	TotalAmt
Program Services	$55,861,540	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$4,826,552	TotalAmt
Program Services	$4,826,552	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,428,595	TotalAmt
Program Services	$1,045,658	ProgramServicesAmt
Management And General	$1,788,057	ManagementAndGeneralAmt
Fundraising	$594,880	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$53,532,737	TotalAmt
Program Services	$38,717,707	ProgramServicesAmt
Management And General	$12,445,252	ManagementAndGeneralAmt
Fundraising	$2,369,778	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,103,534	TotalAmt
Program Services	$1,517,334	ProgramServicesAmt
Management And General	$492,892	ManagementAndGeneralAmt
Fundraising	$93,308	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$12,611,120	TotalAmt
Program Services	$8,894,552	ProgramServicesAmt
Management And General	$3,086,487	ManagementAndGeneralAmt
Fundraising	$630,081	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$4,074,779	TotalAmt
Program Services	$2,906,570	ProgramServicesAmt
Management And General	$971,871	ManagementAndGeneralAmt
Fundraising	$196,338	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$363,964	TotalAmt
Program Services	$12,607	ProgramServicesAmt
Management And General	$351,357	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$131,820	TotalAmt
Management And General	$131,820	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,922,908	TotalAmt
Management And General	$2,922,908	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$13,617,431	TotalAmt
Program Services	$8,499,853	ProgramServicesAmt
Management And General	$4,977,585	ManagementAndGeneralAmt
Fundraising	$139,993	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$200,402	TotalAmt
Program Services	$99,820	ProgramServicesAmt
Management And General	$88,622	ManagementAndGeneralAmt
Fundraising	$11,960	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,288,460	TotalAmt
Program Services	$1,631,674	ProgramServicesAmt
Management And General	$1,350,953	ManagementAndGeneralAmt
Fundraising	$305,833	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,612,795	TotalAmt
Program Services	$228,349	ProgramServicesAmt
Management And General	$2,295,661	ManagementAndGeneralAmt
Fundraising	$88,785	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$3,577,178	TotalAmt
Program Services	$2,713,229	ProgramServicesAmt
Management And General	$863,949	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$385,363	TotalAmt
Program Services	$294,726	ProgramServicesAmt
Management And General	$84,730	ManagementAndGeneralAmt
Fundraising	$5,907	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$147,319	TotalAmt
Program Services	$106,339	ProgramServicesAmt
Management And General	$34,788	ManagementAndGeneralAmt
Fundraising	$6,192	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,733,276	TotalAmt
Program Services	$130,274	ProgramServicesAmt
Management And General	$4,603,002	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$14,605,184	TotalAmt
Program Services	$10,234,481	ProgramServicesAmt
Management And General	$3,621,771	ManagementAndGeneralAmt
Fundraising	$748,932	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$951,528	TotalAmt
Management And General	$951,528	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
REPAIRS & EQUIP. MAINT.	$2,442,614	$626,155	$1,816,459
EQUIPMENT & BOOKS	$2,219,350	$2,210,497	$8,163	$690
FOOD	$211,246	$151,746	$50,902	$8,598
OFF CAMPUS PROGRAMS	$35,088	$35,088

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,139,307	TotalAmt
Program Services	$798,361	ProgramServicesAmt
Management And General	$282,524	ManagementAndGeneralAmt
Fundraising	$58,422	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$190,172,005	TotalAmt
Program Services	$141,691,027	ProgramServicesAmt
Management And General	$43,221,281	ManagementAndGeneralAmt
Fundraising	$5,259,697	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	-$10,184	BOYAmt
EOY	-$663,369	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$5,130,415	BOYAmt
EOY	$12,861,521	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$15,273,039	BOYAmt
EOY	$20,012,247	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,774,371	BOYAmt
EOY	$2,773,089	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,498,433	BOYAmt
EOY	$644,485	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$504,206,045	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$179,604,904	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$335,339,312	BOYAmt
EOY	$324,601,141	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$114,746,203	BOYAmt
EOY	$95,821,565	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$288,881,163	BOYAmt
EOY	$428,800,432	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$7,436,479	BOYAmt
EOY	$6,770,683	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$8,210,794	BOYAmt
EOY	$7,634,943	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$780,280,025	BOYAmt
EOY	$899,256,737	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$5,233,688	BOYAmt
EOY	$4,956,846	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,632,817	BOYAmt
EOY	$1,347,039	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$111,568,841	BOYAmt
EOY	$108,460,495	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,624,219	BOYAmt
EOY	$924,298	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,924,160	BOYAmt
EOY	$3,627,710	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$108,766,601	BOYAmt
EOY	$108,723,081	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$233,750,326	BOYAmt
EOY	$228,039,469	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	$270,504,232	BOYAmt
EOY	$323,027,330	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$276,025,467	BOYAmt
EOY	$348,189,938	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$546,529,699	BOYAmt
EOY	$671,217,268	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$780,280,025	BOYAmt
EOY	$899,256,737	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$19,347,202	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$110,122,283	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$4,781,916	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	$26,679,817	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,693,214	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$19,848,800	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,508,987	CurrentTaxYearMinus1YearAmt
Current Tax Year	$27,265,935	CurrentTaxYearAmt
Total	$116,996,753	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$26,679,817	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,693,214	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$19,848,800	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,508,987	CurrentTaxYearMinus1YearAmt
Current Tax Year	$27,265,935	CurrentTaxYearAmt
Total	$116,996,753	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$3,496,536	SubstantialContributorsTotAmt
Public Support Total170	$113,500,217	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$8,876,521	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$11,584,314	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$12,499,752	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,513,282	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,787,670	CurrentTaxYearAmt
Total	$58,261,539	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,554,577	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,432,120	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,454,623	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,527,670	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,859,312	CurrentTaxYearAmt
Total	$14,828,302	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$190,086,594	TotalSupportAmt
Gross Receipts Rltd Activities	$775,604,138	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.59710	PublicSupportCY170Pct
Public Support PY170	0.57270	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	RESEARCH - 2016 AMOUNT: $ 763,236. 2017 AMOUNT: $ 986,929. 2018 AMOUNT: $ 1,152,088. 2019 AMOUNT: $ 1,127,194. 2020 AMOUNT: $ 839,874. MEMBERSHIP INCOME - 2016 AMOUNT: $ 398,911. 2017 AMOUNT: $ 467,895. 2018 AMOUNT: $ 512,136. 2019 AMOUNT: $ 48,123. ACTIVITIES FEES - 2016 AMOUNT: $ 285,788. 2017 AMOUNT: $ 259,523. OTHER - 2016 AMOUNT: $ 2,106,642. 2017 AMOUNT: $ 1,341,967. 2018 AMOUNT: $ 1,470,739. 2019 AMOUNT: $ 718,711. 2020 AMOUNT: $ 291,206. INDIRECT COST RECOVERY - 2017 AMOUNT: $ 375,806. 2018 AMOUNT: $ 319,660. 2019 AMOUNT: $ 270,145. 2020 AMOUNT: $ 367,587. INTERDEPARTMENTAL REVENUE - 2019 AMOUNT: $ 363,497. PROGRAM FEES - 2020 AMOUNT: $ 360,645.	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	$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$326,728,378	BeginningYearBalanceAmt
Contributions	$5,522,438	ContributionsAmt
Investment Earnings Or Losses	$16,275,849	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,778,255	GrantsOrScholarshipsAmt
Other Expenditures	$11,389,973	OtherExpendituresAmt
Administrative Expenses	$1,068,787	AdministrativeExpensesAmt
End Year Balance	$330,289,650	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$310,402,781	BeginningYearBalanceAmt
Contributions	$8,663,670	ContributionsAmt
Investment Earnings Or Losses	$26,081,178	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,632,864	GrantsOrScholarshipsAmt
Other Expenditures	$11,670,601	OtherExpendituresAmt
Administrative Expenses	$1,115,786	AdministrativeExpensesAmt
End Year Balance	$326,728,378	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$275,806,471	BeginningYearBalanceAmt
Contributions	$12,711,922	ContributionsAmt
Investment Earnings Or Losses	$39,405,607	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	-$5,777,809	GrantsOrScholarshipsAmt
Other Expenditures	-$10,908,647	OtherExpendituresAmt
Administrative Expenses	-$834,763	AdministrativeExpensesAmt
End Year Balance	$310,402,781	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.35350	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.29330	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.35320	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	$407,333,444	OtherCostOrOtherBasisAmt
Depreciation	$119,345,392	DepreciationAmt
Book Value	$288,649,504	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$71,940,782	OtherCostOrOtherBasisAmt
Depreciation	$59,065,034	DepreciationAmt
Book Value	$12,875,748	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,310,398	OtherCostOrOtherBasisAmt
Depreciation	$1,194,478	DepreciationAmt
Book Value	$115,920	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$324,601,141	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
BENEFICIAL INTEREST IN PERPETUAL TRUSTS	$18,502,724	F
ALTERNATIVE INVESTMENTS	$410,297,708	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$428,800,432	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
POSTRETIREMENT BENEFIT OBLIGATIONS	$20,507,198
ANNUITY OBLIGATIONS	$17,290,309
FIN 47 OBLIGATION	$7,140,459
CONTRACT LIABILITY	$1,054,569
CAPITAL LEASE LIABILITY	$62,730,546

Field	Value	IRS element (for citing)
Total Liability	$108,723,081	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$254,993,389	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$110,122,283	NetUnrealizedGainsInvstAmt
Other Revenue	-$65,284,209	OtherRevenueAmt
Revenue Not Reported	$44,838,074	RevenueNotReportedAmt
Revenue Subtotal	$210,155,315	RevenueSubtotalAmt
Other Revenues Not Included	-$636,108	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$636,108	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$209,519,207	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$130,159,805	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$1,910,176	OtherExpensesIncludedAmt
Expenses Not Reported	$1,910,176	ExpensesNotReportedAmt
Expenses Subtotal	$128,249,629	ExpensesSubtotalAmt
Other Expenses Not Included	$61,922,376	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$61,922,376	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$190,172,005	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 $11,174,000. 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 2021 OR 2020.
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:	THESE FUNDS ARE DEPOSITS HELD IN CUSTODY FOR OTHERS, WITH FRANKLIN & MARSHALL COLLEGE ACTING AS THE AGENT.
PART V, LINE 4:	OF THE TOTAL ENDOWMENT, 36.4% IS INTENDED FOR STUDENT AID, 33.5% FOR GENERAL UNRESTRICTED PURPOSES, 13.7% FOR OPERATIONS AND MAINTENANCE, 16.4% FOR INSTRUCTION, AND THE REMAINDER FOR MISCELLANEOUS RESTRICTED PURPOSES.
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, 2021 AND 2020, 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 -3,356,947. CHANGES IN CASH SURRENDER VALUE 72,232. CHANGES IN PLEDGE DISCOUNTS AND ALLOWANCES -1,078,796. CHANGE IN POST RETIREMENT BENEFIT OBLIGATION -418,405. DE-CONSOLIDATION OF MILLPORT CONSERVANCY AND ASE REVENUE 1,420,083. STUDENT FINANCIAL AID -58,999,468. INVESTMENT MANAGEMENT FEES -2,922,908.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	RENTAL EXPENSE -636,108.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RENTAL EXPENSES 636,108. DE-CONSOLIDATION OF MILLPORT CONSERVANCY AND ASE EXPENSES 1,274,068.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	INVESTMENT EXPENSES 2,922,908. STUDENT FINANCIAL AID 58,999,468.

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. AS A RESPONSE TO COVID-19, THE CORONAVIRUS AID RELIEF AND ECONOMICS SECURITY (CARES) ACT WAS ENACTED AND PROVIDED BUDGETARY RELIEF TO HIGHER EDUCATION INSTITUTIONS. THE COLLEGE RECEIVED HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) FUNDING.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (20 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$2,000
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$991
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$1,208
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$8,197
MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$1,830
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$7,707
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$990
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$983
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	STUDY ABROAD	$1,460,475
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	STUDY ABROAD	$265,070
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	INVESTMENTS		$34,407,571
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	FINANCIAL AID		$125,795
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	FINANCIAL AID		$1,427,651
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	FINANCIAL AID		$771,683
MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	FINANCIAL AID		$232,315
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	FINANCIAL AID		$95,456
RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	FINANCIAL AID		$143,621
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	FINANCIAL AID		$202,967
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	FINANCIAL AID		$1,269,728
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	FINANCIAL AID		$826,126

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	$23,906	SubtotalSpentAmt
Continuation Spent	$41,228,458	ContinuationSpentAmt
Total Spent	$41,252,364	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (18 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
STUDENT SCHOLARSHIPS	CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	2	$0	$119,795	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	46	$0	$1,339,343	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU	14	$0	$728,841	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	4	$0	$222,839	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	2	$0	$90,956	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	2	$0	$140,621	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	3	$0	$190,467	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	23	$0	$1,203,619	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	13	$0	$790,071	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	2	$0	$6,000	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	30	$0	$88,308	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU	14	$0	$42,842	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	4	$0	$9,476	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	2	$0	$4,500	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	1	$0	$3,000	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	3	$0	$12,500	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	19	$0	$66,109	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	12	$0	$36,055	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 (5 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.
PART I, LINE 3:	EXPENDITURES ARE REPORTED BASED ON THE COLLEGE'S ACCRUAL METHOD OF ACCOUNTING.
PART III, COL (C):	THE NUMBER OF RECIPIENTS FOR STUDENT SCHOLARSHIPS AND STUDENT LOANS WAS BASED ON FINANCIAL AID RECORDS OF RECIPIENTS. NUMBER OF RECIPIENTS FOR STUDENT RESEARCH AND TRAVEL GRANTS WAS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH GRANTS) AND/OR THE NUMBER OF RESEARCH PROJECTS FUNDED (CASH AND NONCASH GRANTS).
PART III ACCOUNTING METHOD:
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, HAVE ATTACHED THE NECESSARY FORMS TO THIS RETURN.

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
FULTON THEATRE
PO BOX 1865	LANCASTER	PA	176081865	231631733	501(C)(3)	$12,500	STAGE PRODUCTIONS
LANCASTER CITY ALLIANCE
354 N PRINCE STREET	LANCASTER	PA	176033085	463353021	501(C)(3)	$130,000	LANCASTER CITY EDP

Field	Value	IRS element (for citing)
Total501c3 Org	2	Total501c3OrgCnt

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	2750	$1,642,846	$38,904	COST	NON-CASH PRIZES
STUDENT RESEARCH AND TRAVEL GRANTS	17	$33,061	$1,307	COST	SUPPLIES, TRAVEL EXPENSE
STUDENT SCHOLARSHIPS	1219		$54,145,422	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	Yes (1)	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	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 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	$532,435	$0	$0	$0	$4,014	$0	$54,000	$0	$13,886	$0	$604,335	$0	$0	$0
MATTHEW K EYNON
VP FOR COLLEGE ADVANCEMENT	$351,576	$0	$0	$0	$3,799	$0	$28,000	$0	$30,408	$0	$413,783	$0	$0	$0
PIERCE BULLER
GENERAL COUNSEL	$293,874	$0	$0	$0	$0	$0	$27,479	$0	$21,934	$0	$343,287	$0	$0	$0
CAMERON B WESSON
PROVOST AND DEAN OF THE FACULTY	$280,900	$0	$0	$0	$0	$0	$25,005	$0	$8,548	$0	$314,453	$0	$0	$0
ALAN CANIGLIA
VP FOR STRATEGIC INITIATIVES	$277,061	$0	$0	$0	$0	$0	$24,386	$0	$12,762	$0	$314,209	$0	$0	$0
MARGARET HAZLETT
VP AND DEAN OF STUDENT AFFAIRS	$233,838	$0	$0	$0	$30,000	$0	$21,886	$0	$21,747	$0	$307,471	$0	$0	$0
BARBARA S STAMBAUGH
VP FOR COMMUNICATIONS	$222,683	$0	$0	$0	$0	$0	$20,623	$0	$13,675	$0	$256,981	$0	$0	$0
CARRIE E RAMPP
VP & CHIEF INFORMATION OFFICER	$222,111	$0	$0	$0	$0	$0	$20,763	$0	$13,647	$0	$256,521	$0	$0	$0
CYNTHIA GORMAN
AVP FOR COLLEGE ADVANCEMENT	$218,859	$0	$0	$0	$0	$0	$20,386	$0	$8,494	$0	$247,739	$0	$0	$0
STANLEY A MERTZMAN
PROFESSOR OF GEOSCIENCES	$201,362	$0	$0	$0	$0	$0	$23,398	$0	$6,522	$0	$231,282	$0	$0	$0
PAUL M MUTONE
FMR VP FIN & ADMIN/TREAS (RES. 1/20)	$77,107	$0	$0	$0	$118,708	$0	$17,167	$0	$5,388	$0	$218,370	$0	$0	$0
BETH L THRONE
AVP STUDENT & POST-GRADUATE DEV.	$191,124	$0	$0	$0	$0	$0	$17,619	$0	$452	$0	$209,195	$0	$0	$0
ALAN S GLAZER
PROFESSOR OF BUSINESS	$177,403	$0	$0	$0	$0	$0	$20,514	$0	$7,655	$0	$205,572	$0	$0	$0
MARCUS W THOMSEN
PROFESSOR OF CHEMISTRY	$170,124	$0	$0	$0	$0	$0	$19,403	$0	$12,969	$0	$202,496	$0	$0	$0
MICHAEL J TODD
VP FOR FINANCE & ADMINISTRATION	$139,557	$0	$25,000	$0	$0	$0	$0	$0	$8,974	$0	$173,531	$0	$0	$0
JIMMIE A FOSTER
VP FOR ENROLLMENT MANAGEMENT	$144,975	$0	$0	$0	$0	$0	$9,375	$0	$12,338	$0	$166,688	$0	$0	$0
ROBYN L PIGGOTT
FMR CHIEF OF STAFF/SEC. (RES. 12/19)	$0	$0	$0	$0	$145,866	$0	$0	$0	$3,800	$0	$149,666	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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. PERSONAL USE OF THE VEHICLE IS INCLUDED IN TAXABLE COMPENSATION. VP OF FINANCE AND ADMINISTRATION - TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. VP FOR COLLEGE COMMUNICATIONS - TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. PROVOST & DEAN OF THE FACULTY - TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. VP OF COLLEGE ADVANCEMENT - THE COLLEGE, FOR COLLEGE BUSINESS PURPOSES, REIMBURSES HEALTH/SOCIAL CLUB DUES AND BUSINESS EXPENSES. THESE REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. DEAN OF STUDENT AFFAIRS: TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. COLLEGE-OWNED HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE AND IS A CONDITION OF EMPLOYMENT. VP & DEAN OF ADMISSIONS & FINANCIAL AID - TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS.
PART I, LINE 4A	PAUL M. MUTONE, THE FORMER VP OF FINANCE & ADMINISTRATION/TREASURER, RECEIVED A SEVERANCE PAYMENT OF $118,708 DURING THE 2020 CALENDAR YEAR. ROBYN L. PIGGOTT, THE FORMER CHIEF OF STAFF/SECRETARY, RECEIVED A SEVERANCE PAYMENT OF $145,866 DURING THE 2020 CALENDAR YEAR.
PART I, LINE 7	THE COMPENSATION COMMITTEE, FOLLOWING THE RECOMMENDATION OF THE PRESIDENT, ESTABLISHES APPROPRIATE BONUS COMPENSATION, IF ANY, FOR SENIOR OFFICERS. THIS DETERMINATION IS MADE USING BOTH FINANCIAL AND NON-FINANCIAL MEASURES, SUCH AS PERFORMANCE REVIEWS, APPLICABLE EMPLOYMENT AGREEMENTS, AND OTHER FACTORS.

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	0	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	Refunding EscrowRefundingEscrowAmt	UnspentUnspentAmt
A	$12,390,000	$70,000,000	$527,626	$159,025	$19,382,409	$50,000,000	2019	Yes (1)	0	Yes (1)	Yes (1)
B	$1,850,000	$32,830,000		$164,165			2017	0	Yes (1)	Yes (1)	Yes (1)	$30,000,000	$32,658,688	$7,147
C	$4,706,000	$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	18	ContributionCnt
Noncash Contributions Rpt F990	$2,154,884	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	42	ContributionCnt
Noncash Contributions Rpt F990	$2,407,015	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	1	ContributionCnt
Noncash Contributions Rpt F990	$1,271	NoncashContributionsRptF990Amt
Method Of Determining Revenues	PURCHASE PRICE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	4	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 REPRESENTS OBJECTS RECEIVED. THE EVENT EXPENSE REPRESENTS THE NUMBER OF EVENTS ATTENDED/RECEIVED. 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 1	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 -3,356,947. CHANGE IN CASH SURRENDER VALUE 72,232. CHANGES TO POST-RETIREMENT BENEFITS -418,405. GROSS UP TO CONTRIBUTIONS FOR CHANGES TO DISCOUNTS AND ALLOWANCE -1,078,796.

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	$123,072	$1,738,553	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	$15,673	$377,592	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	$255,822	$7,422,111	1.00000
ADVANCED STUDIES IN ENGLAND LTD
STUDY ABROAD			C	0						$536,165	$3,410,279	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	Yes (1)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd