2020-06-19T08:29:14-07:00 2019-06-30 990 2018-07-01 150532200 TRUSTEES OF HAMILTON COLLEGE TRUS 3158594011 198 College Hill Rd Clinton NY 13323 Karen Leach VP, Administration & Finance 3158594524 2020-06-19 150.209.25.112 2018 2020-11-19 02:30:22Z Karen Leach 198 College Hill Rd Clinton NY 13323 725016000 0 X www.hamilton.edu X 1812 NY Hamilton College prepares students for lives of meaning, purpose, and active citizenship. Guided by the motto "Know Thyself," the College emphasizes intellectual growth, flexibility, and collaboration in a residential academic community. Hamilton students learn to think independently, embrace difference, write and speak persuasively, and engage issues ethically and creatively. One of America's first liberal arts colleges, Hamilton enables its students to effect positive change in the world. 36 35 2525 3700 -197242 -652087 15473045 26348000 126911971 131915097 69292000 59523000 117338 -55628 211794354 217730469 40655000 43254735 0 0 76015617 78437468 0 0 5985980 66351338 70449038 183021955 192141241 28772399 25589228 1372367274 1366030571 198431818 179104571 1173935456 1186926000 X A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 1860 students, representing 49 states and 49 countries, and offers 56 areas of study in the liberal arts, science and mathematics. Hamilton also offers pre-professional/cooperative programs in Business, Education, Engineering, Law, and Medicine and the opportunity to study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also hosts athletic programs affiliated with NCAA Division III, and includes 29 competitive varsity teams in 16 different sports, in addition to many club and intramural sports offerings. Approximately 80 student clubs and organizations in a variety of interests and disciplines help to further enrich student development. 0 0 164652579 43254735 131859469 Providing a liberal arts education to approximately 1860 undergraduate students, Hamilton College is committed to its tradition of being a school of opportunity and provides financial aid packages to approximately 50% of its students. The College's Full Time Equivalent Faculty was 211 and most hold the highest obtainable degree in their field. 0 0 0 164652579 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 2962 0 1 2525 1 1 1 1 FR CH SP 0 0 0 0 0 0 0 0 0 1 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Hamilton College Business Office 3158594313 198 College Hill Rd Clinton NY 13323 Aron J Ain Trustee 5 X 0 0 0 Roger H Berman Trustee 2 X 0 0 0 Richard Bernstein Trustee 5 X 0 0 0 Harold Bogle Trustee 5 X 0 0 0 Brian T Bristol Trustee 2 X 0 0 0 Julia Cowles Trustee 2 X 0 0 0 Robert Delaney Jr Trustee 5 X 0 0 0 Daniel Fielding Trustee 2 X 0 0 0 Matthew Fremont-Smith Trustee 2 X 0 0 0 Amy Goodfriend Trustee 5 X 0 0 0 Gregory Hoogkamp Trustee 5 X 0 0 0 Linda Johnson Trustee 5 X 0 0 0 Lea Haber Kuck Trustee 2 X 0 0 0 Elizabeth A Marran Trustee 2 X 0 0 0 Christopher P Marshall Trustee 2 X 0 0 0 Robert Morris Trustee 2 X 0 0 0 Ronald Pressman Trustee 5 X 0 0 0 R Christopher Regan Trustee 2 X 0 0 0 Nancy Roob Trustee 5 X 0 0 0 Julia Lamson Ross Trustee 2 X 0 0 0 Alexander Sacerdote Trustee 2 X 0 0 0 Stephen Sadove Trustee 5 X 0 0 0 Jack R Selby Trustee 2 X 0 0 0 Susan Skerritt Trustee 5 X 0 0 0 David Solomon Trustee 5 X 0 0 0 Ann Goizueta Trustee 2 X 0 0 0 James Hacker Trustee 2 X 0 0 0 Philip Hawkins Trustee 2 X 0 0 0 Daniel Nye Trustee 2 X 0 0 0 David Hess Trustee 2 X 0 0 0 Imad Qasim Trustee 2 X 0 0 0 Kathleen O'Connor Stewart Trustee 2 X 0 0 0 Johannes Burlin Trustee 2 X 0 0 0 Alison Hill Trustee 2 X 0 0 0 Greg Schwartz Trustee 2 0 X 0 0 0 David Wippman President 40 X X 537350 0 177719 Karen L Leach VP Admin & Finance 40 X 337093 0 66269 Nora Klaphake Chief of Staff and Secretary, left 8/31/18 40 0 X 131289 0 32763 Gillian King Chief of Staff and Secretary, started 2/1/19 40 X 85891 0 14675 Monica Inzer VP Enrollment Management 40 X 274119 0 28865 Suzanne Keen Vice President for Academic Affairs 40 X 141023 0 49063 Theresa Martinez Vice President for Student Affairs 40 X 226591 0 62184 Joseph Shelley VP for Library and Information Technology 40 X 183889 0 20776 Anne Dinneen Chief Investment Officer 40 X 785753 0 174224 Lori Dennison VP Comm & Development 40 X 248734 0 38592 Frank Anechiarico Professor 40 X 216192 0 28383 Margaret Gentry Special Adviser to President 40 X 226721 0 29554 Roger Wakemen Associate VP for Facilities 40 X 218931 0 19960 Robert Samuel Welch Associate VP, Constituent Engagement 40 0 X 198004 0 32759 Alexander Doucette Investment Associate 40 X 256594 0 32608 Richard Tantillo Senior Philanthropy Adviser 40 0 X 186757 0 53107 Patrick Reynolds Professor 40 0 X 152708 0 23560 4407639 0 885061 159 1 1 0 Clark Companies PO Box 427 Delhi NY 13753 General Contractor 705381 Adams and Reese LLP 701 Poydras St Suite 4500 New Orleans LA 70139 Legal Services 696691 Charles Gaetano Construction Corp 258 Genesee Street Utica NY 13323 construction services 7071030 Compass Group USA Bon Appetit 9137 Collections Dr Chicago IL 60693 Dining Services 7131271 Architectural Resources Cambridge Inc 501 Boylston St Boston MA 02116 archictecural design services 537866 23 0 0 0 0 2106226 24241774 2612843 26348000 Tuition and Fees 611310 105281045 105281045 0 0 Room and Board 611310 25437210 25437210 0 0 Auxiliary Operations 611310 800478 800478 0 0 396364 396364 0 0 131915097 2585000 0 -197242 2782242 0 0 0 0 0 0 0 0 221903 0 277531 0 -55628 0 -55628 -55628 0 0 563946000 0 507008000 0 56938000 0 56938000 0 0 56938000 0 0 217730469 131859469 -197242 59720242 73580 73580 41925544 41925544 1255611 1255611 2865842 825623 1791485 248734 58634105 49866539 5387192 3380374 5073213 4253761 514921 304531 7418685 6220379 752982 445324 4445623 3727542 451222 266859 1361291 1345388 15903 321873 321873 0 5826423 5826423 5243433 3300492 1566603 376338 423293 377202 46091 6953626 5911778 636186 405662 1620505 1442004 178501 4409756 4290693 88195 30868 5745345 5054621 452731 237993 255105 200715 29032 25358 7356204 7030204 326000 19924455 19406419 318791 199245 1131861 7539 1124322 Food Service 5663580 5573440 68304 21836 Small equipment and Software 3073389 2990407 61468 21514 Membership Dues 389668 189478 199992 198 749231 729008 14980 5243 192141241 164652579 21502682 5985980 X 46121996 46351628 10571483 15708346 1104191 1738328 1814193 1866389 621411 628710 1777714 3247060 514750024 262943000 253528000 251807024 708601310 586339036 341796690 448836117 4714320 4760535 1715966 4747398 1372367274 1366030571 8844876 9903723 61953985 43781626 100517957 100544222 27115000 24875000 198431818 179104571 X 276349972 290625000 627220146 613716000 270365338 282585000 1173935456 1186926000 1372367274 1366030571 X 25589228 -14095230 0 0 0 1496546 X 0 1 X 1 1 1 X 25004292 42865902 24129125 15473045 26348000 133820364 0 0 0 0 0 0 0 0 0 0 0 0 25004292 42865902 24129125 15473045 26348000 133820364 7991647 125828717 10313199 9604636 2916767 722096 3004145 26560843 142760 3002387 3145147 163526354 619627032 0.76947 0.69836 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1022 1022 0 Schedule C, Part II-B, Line 1 The College pays membership dues to the National Association of Independent Colleges and Universities. Approximately 7% of the annual dues are attributable to lobbying activities. 40690 7875982 0 0 0 964169595 10806000 41791175 16429800 24106200 6868770 969362000 905758539 9667056 93237883 15628604 23245396 5619883 964169595 817209547 10546763 122252396 15988106 22241094 6020967 905758539 856067117 38510988 -35693030 14651998 20803669 6219861 817209547 858839076 12480164 22545629 13374067 18948976 5474709 856067117 0.163 0.257 0.58 1 0 0 38560395 38560395 0 385546445 199794757 185751688 0 0 0 0 0 86275870 62626883 23648987 0 4367314 521360 3845954 251807024 Faculty Mortgages 2185003 F Real Estate 29586048 F Energy Funds 23638489 F Hedge Funds 284363264 F Private Equity 109063313 F 448836117 0 Annuity Payable 15511947 Liability Under Securities Lending Transactions 2005126 Deposits and Advances 1663554 Postretirment Benefit Obligations 2509267 Funds Held in Trust for Others 451849 Asset Retirement Obligation 1803530 Refundable Government Student Loans 929727 24875000 X 198540546 -14095230 0 0 1496546 -12598684 211139230 6868770 -277531 6591239 217730469 185550000 0 0 0 277531 277531 185272469 6868772 0 6868772 192141241 Schedule D, Part III, Line 4 While the ultimate purpose of the Museum is to increase the educational scope and opportunity for appreciation of the fine arts by Hamilton students, it also seeks to enrich campus cultural life in general, as well as contribute to the cultural enrichment of the surrounding community. The collection includes more than 4,000 works of art, with strengths in American prints and works on paper, British art of the 20th century, ancient vases and glass, and Native American and Pre-Columbian art. Schedule D, Part V, Line 2b THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2019 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, THE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TEMPORARILY RESTRICTED ENDOWMENT. Schedule D, Part V, Line 4 Endowment funds are used largely for scholarship, professorships, and other academic programs of the College including support for library, research activities, and internship support for students. Schedule D, Part X, Line 2 The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgement occurs. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Change in annuity and life income obligations 1,889,000, Other Non-operating (392,454) Schedule D, Part XI, Line 4b Faculty Rental Housing Expenses Schedule D, Part XII, Line 2d Faculty Housing Rental Expenses 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College complies with all relevant state and federal laws on non-discrimination. The Director of Community Standards in the Student Life Division is responsible for coordinating the College's efforts to comply with Title IX of the Education Amendment of 1972, as well as its procedures for dealing with harassment on the basis of age, gender or gender identity, race, color, national origin, sexual and affectional orientation/associated, military or veteran status, marital status, mental/physical disability, genetic information, religion, or any other characteristic protected by law. The College's nondiscrimination policy is made available in print and online on its website and through publications such as the Admissions View Book and Student Handbook. The College publicizes its nondiscriminatory policy in newspapers for all open employment positions advertised Schedule E, Part I, Line 6 The College receives federal funding from the SEOG, Pell and federal work study programs fro scholarship aid to students. The College also receives funding from the NYS Higher Education Opportunity Program and NYS Aid to Private Colleges. 1 Europe (including Iceland and Greenland) 2 6 Program Services Hamilton Study Abroad Programs 2389019 East Asia and the Pacific 1 1 Program Services Hamilton Study Abroad Program 395929 Sub-Saharan Africa Grantmaking Financial aid while studying abroad 44673 South Asia Grantmaking Financial aid while studying abroad 34881 Europe (including Iceland and Greenland) Grantmaking Financial aid while studying abroad 1035401 Central America and the Caribbean Grantmaking Financial aid while studying abroad 12745 East Asia and the Pacific Grantmaking Financial aid while studying abroad 93553 Middle East and North Africa Grantmaking Financial aid while studying abroad 21733 Russia and the newly independent States Grantmaking Financial aid while studying abroad 12645 Central America and the Caribbean 0 0 Investments Endowment Investments 323795616 Europe (including Iceland and Greenland) 0 0 Investments Endowment Investments 2535614 3 7 330371809 Financial aid while studying abroad Europe (including Iceland and Greenland) 69 1035401 Financial aid while studying abroad South Asia 2 34881 Financial aid while studying abroad Central America and the Caribbean 4 12745 Financial aid while studying abroad East Asia and the Pacific 8 93533 Financial aid while studying abroad Middle East and North Africa 2 21733 Financial aid while studying abroad Russia and the newly independent States 1 12645 Financial aid while studying abroad Sub-Saharan Africa 4 44673 1 0 1 1 1 0 Schedule F, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide us with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student and are credited directly to the student's account. Schedule F, Part I, Line 3 All expenses and grants listed in Part I are based upon the accrual method of accounting. 1 Clinton Central School Chenango Ave Clinton NY 13323 156002171 Government 10500 Clinton Central School Foundation 75 Chenango Ave Clinton NY 13323 161413396 501(c)3 7000 Town of Kirkland Parks PO Box 235 Clinton NY 13323 156000994 Government 16000 COCVAC 7489 E S St Clinton NY 13323 237113207 501(c)3 8000 Clinton Fire Department PO Box 134 Clinton NY 13323 300504957 Government 8000 Kirkland Trails Inc PO Box 86 Clinton NY 13323 834422761 501(c)3 15000 6 0 Financial Aid 1020 41671389 Prizes and Awards 190 254155 Schedule I, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provides information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student. The College has a Town Gown Committee which awards small grants to local community organizations based on submitted proposals. The total amount of such grants is less than $100,000. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 David Wippman President 529220 0 0 0 8130 0 116391 0 61328 0 715069 0 0 0 Karen L Leach VP Admin & Finance 325509 0 0 0 11584 0 27500 0 38769 0 403362 0 0 0 Lori Dennison VP Comm & Development 244468 0 0 0 4266 0 25312 0 13280 0 287326 0 0 0 Monica Inzer VP Enrollment Management 267688 0 0 0 6431 0 26882 0 1983 0 302984 0 0 0 Anne Dinneen Chief Investment Officer 785333 0 0 0 420 0 158750 0 15474 0 959977 0 0 0 Alexander Doucette Investment Associate 256457 0 0 0 136 0 25760 0 6848 0 289201 0 0 0 Frank Anechiarico Professor 204300 0 0 0 11892 0 21635 0 6748 0 244575 0 0 0 Suzanne Keen Vice President for Academic Affairs 134723 0 0 0 6300 0 0 0 49063 0 190086 0 0 0 Margaret Gentry Special Adviser to President 224023 0 0 0 2697 0 22700 0 6854 0 256274 0 0 0 Roger Wakemen Associate VP for Facilities 218438 0 0 0 493 0 7725 0 12235 0 238891 0 0 0 Robert Samuel Welch Associate VP, Constituent Engagement 189021 0 0 0 8983 0 19744 0 13015 0 230763 0 0 0 Theresa Martinez Vice President for Student Affairs 226086 0 0 0 505 0 9823 0 52361 0 288775 0 0 0 Joseph Shelley VP for Library and Information Technology 183718 0 0 0 171 0 8115 0 12661 0 204665 0 0 0 Nora Klaphake Chief of Staff and Secretary, left 8/31/18 125970 0 0 0 5318 0 19790 0 12973 0 164051 0 0 0 Patrick Reynolds Professor 152419 0 0 0 289 0 15655 0 7905 0 176268 0 0 0 Richard Tantillo Senior Philanthropy Adviser 185596 0 0 0 1160 0 19622 0 33485 0 239863 0 0 0 Schedule J, Part I, Line 1a The College requires the President, VP for Student Affairs, and VP for Academic Affairs to reside on campus as a condition of their employment; therefore the College owned housing is provided for them. In addition, the College pays for reasonable costs of housekeeping to maintain the president's residence. Because these benefits are nontaxable, they are not included in the employee's W-2. However, they are included in Part II, Column D. Business travel is allowed for the president and CIO when traveling across the continent or overseas. Business air travel is allowed for other members of senior staff when the travel is ten hours or more. Other services provided to the president include payment for membership in one club in Manhattan, such as the Yale Club, for the purpose of meeting with College constituents, sponsoring College events and otherwise conducting College business. Schedule J, Part I, Line 3 See Schedule O Disclosure for Form 990, Part VI, Section B, Line 15 A Dormitory Authority of State of NY Series 2010 146000293 649905XD3 2010-02-11 13984775 Refunding of bonds issued 2/11/99 0 0 0 B Onieda County Industrial Development Agency Series 2002 090210781 682465DA4 2008-09-25 54964593 Refunding of bonds issued 6/21/02 0 0 0 C Oneida County Local Development Corporation Series 2013 273190422 682440AT9 2013-07-02 23886715 Complete construction of theater /studio arts building, renovate Minor Theater into a dormitory 0 0 0 A 8605000 0 13985658 0 0 0 279695 0 0 85792 13619288 0 2010 1 0 1 1 B 40910000 0 54964593 0 0 0 371363 0 0 2748230 51845000 0 2006 1 0 1 1 C 2010000 0 23899197 0 0 0 268037 0 0 23631160 0 0 2015 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 1 1 1 1 1 0.0015 0 0.0015 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 0 B 0 C 0 Schedule K, Part II, Line 3-02/11/2010 13,984,775 Dormitory Authority of State of NY The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $883. Schedule K, Part II, Line 3-07/02/2013 23,886,715 Oneida County Local Development Corporation The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $12,482. Schedule K, Part IV, Line 2c-02/11/2010 13,984,775 Dormitory Authority of State of NY The College hires a consultant to prepare an Aribtrage Rebate Report annually. the rebate computation showing that no liability exists was completed February, 2019. Schedule K, Part IV, Line 2c-09/25/2008 54,964,593 Onieda County Industrial Development Agency The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed June, 2019. Schedule K, Part IV, Line 2c-07/02/2013 23,886,715 Oneida County Local Development Corporation The College hires a consultant to prepare and Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed July, 2019. X 3 550070 appraisal X 128 2047633 stock exchange X 1 15140 appraisal 3 0 1 1 Schedule M, Part I Donations are reported based on the number of contributions received in Part I, Column (b) Schedule M, Part I, Line 32b College policy stipulates that gifts of securities are to be sold upon receipt. Investment firms are used to sell securities received as contributions Schedule M, Part I, Line 33 The College received support for various events and other miscellaneous non cash gifts that were not reported as revenue. Form 990, Part III (Cont. 1) abroad in numerous foreign destinations. the College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing intensive framework. The College also hosts athletic programs affiliated with NCAA Division III, and includes 29 competitive varsity teams in 16 different sports, in addition to many club and intramural sports offerings. Approximately 80 student clubs and organizations in a variety of interests and disciplines help to further enrich student development. Form 990, Part VI, Section B, Line 11b The form 990 is reviewed by the Audit Committee of the Board of Trustees and copies are provided to all trustees before it is filed with the IRS. Form 990, Part VI, Section B, Line 12c Officers, trustees, key employees and the next 5 highest compensated employees are required to complete a questionnaire regarding potential conflicts of interest on an annual basis. The questionnaires are reviewed by the Associate VP for Finance. If required, additional notification and action is taken. Form 990, Part VI, Section B, Line 15 The process for determining compensation for the President and Senior Officers of the College (including the Vice Presidents of Admin & Finance, LITS, Academic Affairs, Enrollment Management, Advancement, Student Life as well as the Chief Investment Officer and Chief of Staff) meets the requirements of the rebuttable presumption provisions under Treas. Reg 53.4958-6. An annual review of comparability data from a national survey and a survey of 25 comparable schools, as well as a review of the Form 990 of other organizations are used to inform decisions. this information is reviewed by the Executive Compensation subcommittee of the the Board and then a recommendation made to the full Board for approval. The subcommittee documents its decisions regarding compensation. Trustees are independent of management and free of any conflicts that would influence their judgement. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy, and financial statements are posted to the College website at www.hamilton.edu Form 990, Part X, Line 27 THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2019 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. THE COLLEGE HAS REPORTED NET ASSETS WITHOUT DONOR RESTRICTIONS AS UNRESTRICTED NET ASSETS AND NET ASSETS WITH DONOR RESTRICTIONS AS PERMANENTLY RESTRICTED NET ASSETS AND TEMPORARILY RESTRICTED NET ASSETS, RESPECTIVELY. " Form 990, Part XI, Line 9 Change in annuity and life income obligations 1,889,000, Other Non-operating (392,454) Foundation Hamilton College Calle Castello Num 128 Piso BAJ Pta 1 Madrid SP 28006 education of Spanish language and culture SP Hamilton College 1 Pooled Income Funds (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Annuity Trusts (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrusts (15) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrust (1) Thurwood Pl 25 South Yarmouth MA 02664 Trust MA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 Foundation Hamilton College r 1073722 Funds are transferred to the Program in Spain to fund their operations. Schedule R, Part V, Line 1o Hamilton College pays the salary of a faculty member who directs the Program in Spain and serves as board member for the Foundation in Spain. The salary paid for the fiscal year ended June 30, 2019 was $98,000. Schedule R, Part V, Line 1r The College transfers cash to its Foundation in Spain for the purpose of funding the study abroad program there. In the fiscal year ended June 30, 2019, a total of $1,073,722 was transferred. Schedule R, Part V, Line 1s The Keehn Charitable Remainder Unitrust matured during the year and 437,979 was transferred to Hamilton College.