2018-05-15T13:51:02-07:00 2017-06-30 990 2016-07-01 150532200 TRUSTEES OF HAMILTON COLLEGE TRUS 3158594011 198 College Hill Rd Clinton NY 13323 Karen Leach VP, Administration & Finance 3158594524 2018-05-15 2016 2022-09-23 18:48:47Z Karen L Leach 198 College Hil Rd Clinton NY 13323 806466156 0 X www.hamilton.edu X 1812 NY See Part III 34 33 2523 3733 2265514 142760 42865902 24129125 119491530 123609355 25312861 52013455 168914 197057 187839207 199948992 36091022 37598152 0 0 71286094 74751054 0 0 6263380 71766583 69708444 179143699 182057650 8695508 17891342 1300293270 1393517194 279554176 276031568 1020739094 1117485626 A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 1850 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 152987648 37598152 123235971 Providing a liberal arts education to approximately 1850 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 employs 186 full-time professors, 96% of whom hold the highest obtainable degree in their field. 682239 0 570441 Summer recreation programs that provide opportunities for children and students to participate in team and individual sports and develop character and sportsmanship. 0 0 0 153669887 1 1 0 1 0 0 0 1 0 1 1 1 1 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 0 0 0 1 2589 0 1 2523 1 1 1 1 FR CH SP 0 0 0 0 0 0 0 0 X 34 33 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 Peter Coffin Trustee 2 X 0 0 0 Adrienne R Conzelman Trustee 2 X 0 0 0 Julia Crowles Trustee 2 X 0 0 0 Robert Delaney 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 Andres Henriquez Trustee 2 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 George Little Trustee 5 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 Montgomery Pooley 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 Angela Valenziano Ross Trustee 2 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 Thomas Tull Trustee 2 X 0 0 0 Jack Withiam Trustee 5 X 0 0 0 David Wippman President (begin 7/1/16) 40 X X 250632 0 30184 Karen L Leach VP Admin & Finance 40 X 317413 0 69673 Nora Klaphake Chief of Staff & Sec. to the Board (begin 8/1/16) 40 X 72190 0 3105 Lori Dennison VP Comm & Development (Acting) 40 X 176735 0 87064 Monica Inzer VP Enrollment Management 40 X 256458 0 26906 David L Smallen VP Library & Information Technology 40 X 249210 0 33401 Patrick Reynolds VP Acad. Affairs & Dean of Faculty (end 6/30/16) 40 X 183076 0 47512 Margaret Gentry VP Acad. Affairs & Dean of Faculty (begin 7/1/16) 40 X 176142 0 26176 Nancy Thompson VP and Dean of Students 40 X 173134 0 17217 Anne Dinneen Chief Investment Officer 40 X 692825 0 145602 Derek Jones Professor Economics 40 X 227860 0 39560 Richard C Tantillo Senior Philanthropy Advisor 40 X 220866 0 86707 Barbara Tewksbury Professor Geosciences 40 X 212893 0 28834 Samuel Pellman Professor Music 40 X 204372 0 37301 Stuart Hirshfield Professor Computer Science 40 X 203209 0 37669 Joan Stewart Former Officer (ending 6/30/16) 0 X 458761 0 57172 Peter Tonetti Former Key Employee 0 X 400000 0 0 4475776 0 774083 157 1 1 0 Clark Companies PO Box 427 Delhi NY 13753 General Contractor 2047501 Wellington Small Cap 280 Congress St Boston MA 02210 Investment Managment 940848 Adams and Reese LLP 701 Poydras St Suite 4500 New Orleans LA 70139 Legal Services 898814 Lupini Construction Co 6081 Trenton Rd Utica NY 13502 General Contractor 829700 Chiang O'Brien Architects 217 N Aurora St Ithaca NY 14850 Architectural Services 655434 24 1128591 23000534 5200754 24129125 Tuition and fees 611310 97963079 97963079 0 0 Room and board 611310 23600770 23600770 0 0 Auxiliary operations 611310 1244420 1244420 0 0 801086 801086 0 0 123609355 4757758 0 2265514 2492244 671 0 0 671 0 0 0 0 423852 0 226795 0 197057 0 197057 197057 0 0 653343294 202101 605485318 805051 47857976 -602950 47255026 0 0 47255026 0 199948992 123806412 2265514 49747941 53009 53009 34250953 34250953 3294190 3294190 3284356 377426 2653555 253375 54987191 47836053 4322092 2829046 4728334 4045126 446631 236577 7530533 6335004 821031 374498 4220640 3506325 493291 221024 1110934 7655 1094456 8823 266876 266876 895 895 3657299 3657299 1915766 1206122 579258 130386 337022 319054 17968 9404187 8033304 885146 485737 1303288 1137612 165676 4826951 4700002 71922 55027 4790201 4013290 554970 221941 211636 183464 14540 13632 10783440 10783440 17367868 13793452 3425424 148992 1031282 7793 1023489 Food service cost 5832155 5546693 0 285462 Restricted program expenses 3250693 3224842 25851 0 Membership dues 292550 185735 106815 0 Small equipment & software 198167 189570 8597 0 3127234 639773 1488601 998860 182057650 153669887 22124383 6263380 38309836 49364883 19669470 12686254 1009305 824046 0 0 2371768 2053023 621313 622748 1863344 1792729 483946138 226745667 262574848 257200471 667640759 685676180 304269144 307122826 1326365 74865093 0 0 637118 1308941 1300293270 1393517194 9741757 9837806 0 0 0 0 139086904 134911261 0 0 0 0 0 0 100465428 100491693 30260087 30790808 279554176 276031568 X 249027415 266452367 511579502 585822897 260132177 265210362 1020739094 1117485626 1300293270 1393517194 X 17891342 81150759 0 0 0 -2295569 X 0 1 X 1 1 1 X 21076299 25261612 25004292 42865902 24129125 138337230 0 0 0 0 0 0 0 0 0 0 0 0 21076299 25261612 25004292 42865902 24129125 138337230 9907622 128429608 10557141 16633511 10313199 9604636 2916767 50025254 142760 142760 188505244 582293012 0.68131 0.6263 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 895 895 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 our annual dues is attributed to lobbying activities. 381600 5704339 0 0 X X X X Teaching 0 817209547 10546763 122252396 15988106 22241094 6020967 905758539 856067117 38510988 -35693030 14651998 20803669 6219861 817209547 858839076 12480164 22545629 13374067 18948976 5474709 856067117 710428368 10304616 173354593 13030610 17894359 4323532 858839076 635234676 2848737 106442204 12701429 17447238 3948582 710428368 0.16 0.26 0.58 1 0 0 33055211 33055211 0 366803570 170432370 196371200 0 0 0 0 0 77908613 55896208 22012405 0 6178744 417089 5761655 257200471 Faculty mortgages 1824816 F Beneficial interest trusts 2728620 F Real Estate 33899905 F Energy Funds 30540438 F Hedge Funds 164047466 F Private Equity 74081581 F 307122826 Deposits with trustees of debt obligations 74865093 C 74865093 Annuity payable 17367476 Liability under Securities lending transactions 4494413 Deposits and advances 3408758 Post retirement benefit obligations 2187340 Funds held in trust for others 440924 Asset retirement obligations 1754081 Refundable government student loans 1137816 30790808 X 273612960 81150759 0 0 -2295569 78855190 194757770 6020967 -829745 5191222 199948992 176866428 0 0 0 829745 829745 176036683 6020967 0 6020967 182057650 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's 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 4 Endowment funds are used largely for scholarships, professorships and other academic programs of the College including support for the 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 judgment occurs. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Change in annuity & life income obligations (-2,207,660), FASB 106 Adjustment (-166,793), non-operating expense (78,884) Schedule D, Part XI, Line 4b Rental expenses (-226,795), loss on disposal of fixed assets (-602,950) Schedule D, Part XII, Line 2d Rental expenses (226,795), loss on disposal of fixed assets (602,950) 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 Senior Associate Dean of Students 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/association, military or veteran status, marital status, mental/physical disability, genetic information, ethnic origin, religion, or any other characteristic protected by law. The Associate Dean of Students for Multicultural Affairs and Accessibility Services oversees compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act for students. Our non-discrimination policy is printed in our admission viewbook and on our application supplement. Anyone interested in applying to the College receives these materials. Schedule E, Part I, Line 6 The College receives federal funding from the SEOG, Pell and federal work study programs for scholarship aid to students. We also receive funding from the NYS Higher Education Opportunity Program and NYS Aid to Private Colleges. 1 Europe (including Iceland and Greenland) 2 2 Program Services The College offers students the opportunity to study abroad in France and Spain to provide a rich cultural and academic experience and develop proficiency in a foreign language. Classes are taught and excursions are provided to give students many opportunities to immerse themselves in the language and culture of the country. 2287882 East Asia and the Pacific 1 1 Program Services The College offers an intensive language and culture program in Beijing to develop students' interests in the Chinese language and cultural and educational opportunities of the area. 566613 Sub-Saharan Africa 0 0 Grantmaking 800881 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 753689 South Asia 0 0 Grantmaking 530069 East Asia and the Pacific 0 0 Grantmaking 421923 Europe (including Iceland and Greenland) 0 0 Grantmaking 351943 Middle East and North Africa 0 0 Grantmaking 251525 Russia and the newly independent States 0 0 Grantmaking 94088 South America 0 0 Grantmaking 90072 Central America and the Caribbean 0 0 Investments 189274182 Europe (including Iceland and Greenland) 0 0 Investments 5261981 South Asia 0 0 Program Services Research activities and conference related travel 44867 Europe (including Iceland and Greenland) 0 0 Program Services Research activities and conference related travel 43407 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Student and faculty research 35200 East Asia and the Pacific 0 0 Program Services Student travel and research activities 25374 Sub-Saharan Africa 0 0 Program Services Research activities and conference related travel 8101 South America 0 0 Program Services Research activities 4016 Middle East and North Africa 0 0 Program Services Student and faculty research 3712 3 3 200849525 Grantmaking Sub-Saharan Africa 13 800881 Grantmaking North America (including Canada and Mexico, but not the United States) 16 753689 Grantmaking South Asia 9 530069 Grantmaking East Asia and the Pacific 11 421923 Grantmaking Europe (including Iceland and Greenland) 6 351943 Grantmaking Middle East and North Africa 4 251525 Grantmaking Russia and the newly independent States 3 94088 Grantmaking South America 2 90072 1 0 1 1 1 1 Schedule F, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide us with information to determine financial need. Grants and scholarships are awarded 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 Village of Clinton 22 Williams St Clinton NY 13323 156001292 20700 Clinton Central School Foundation 75 Chenango Ave Clinton NY 13323 161413396 501(c)(3) 10000 Clinton Central School 75 Chenango Ave Clinton NY 13323 156002171 10000 COVAC PO Box 399 Clinton NY 13323 237113207 501(c)(3) 6258 Kirkland Town Library 55 1/2 College St Clinton NY 13323 150543588 501(c)(3) 6051 3 2 College funded scholarships 496 18146108 Special scholarships 216 8264804 General scholarships 167 6124047 Private gifts 20 809113 Prize scholarships 19 752078 Federal grants 40 154803 Schedule I, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs in 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 credited directly to the student's account. X X X X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Joan Stewart Former Officer (ending 6/30/16) 420741 0 0 0 38020 0 26500 0 30672 0 515933 0 130500 David Wippman President (begin 7/1/16) 243860 0 0 0 6772 0 0 0 30184 0 280816 0 Karen L Leach VP Admin & Finance 306395 0 0 0 11018 0 26500 0 43173 0 387086 0 David L Smallen VP Library & Information Technology 245720 0 0 0 3490 0 24905 0 8496 0 282611 0 Monica Inzer VP Enrollment Management 250253 0 0 0 6205 0 25287 0 1619 0 283364 0 Lori Dennison VP Comm & Development (Acting) 175325 0 0 0 1410 0 18309 0 68755 0 263799 0 Patrick Reynolds VP Acad. Affairs & Dean of Faculty (end 6/30/16) 182369 0 0 0 707 0 18659 0 28853 0 230588 0 Anne Dinneen Chief Investment Officer 392447 0 300000 0 378 0 126500 0 19102 0 838427 0 Peter Tonetti Former Key Employee 0 0 0 0 400000 0 0 0 0 0 400000 0 Nancy Thompson VP and Dean of Students 170672 0 0 0 2462 0 17217 0 0 0 190351 0 Margaret Gentry VP Acad. Affairs & Dean of Faculty (begin 7/1/16) 175124 0 0 0 1018 0 17830 0 8346 0 202318 0 Richard C Tantillo Senior Philanthropy Advisor 217111 0 0 0 3755 0 22721 0 63986 0 307573 0 Derek Jones Professor Economics 224374 0 0 0 3486 0 23215 0 16345 0 267420 0 Barbara Tewksbury Professor Geosciences 173716 0 0 0 39177 0 21330 0 7505 0 241728 0 Samuel Pellman Professor Music 203093 0 0 0 1279 0 21075 0 16226 0 241673 0 Stuart Hirshfield Professor Computer Science 195855 0 0 0 7354 0 20905 0 16764 0 240878 0 Schedule J, Part I, Line 1a The College requires that the President, the VP for Academic Affairs and the Senior Philanthropy Advisor to reside on campus as a condition of their employment; therefore, College owned housing is provided for them. In addition, the College pays for reasonable costs of housekeeping to maintain the president's residence. First class and business class air travel is allowed for members of senior staff only when the travel is ten hours or more. Other services provided to the president include travel for the spouse when it has been determined that the travel fulfills a bona fide business purpose for the College and payment for membership in one club in Manhattan, such as the University Club, for the purpose of meeting with College constituents, sponsoring College events and otherwise conducting College business. Because these benefits are nontaxable, they are not included in the employees' Form W-2. However, they are included in Part II, column D. Schedule J, Part I, Line 3 See schedule O disclosure for Form 990, Part VI, Section B, Line 15. Schedule J, Part I, Line 4 Peter Tonetti, former Chief Investment Officer, received a severance payment of $400,000 in January 2016. A Oneida County Industrial Development Agency Series 2007 090210781 682465BZ1 2007-03-20 59690356 Construct 40,000 sq ft addition, renovate other bldgs, refunding of bonds issued 2/11/99 0 0 0 B Dormitory Authority of State of NY Series 2010 146000293 649905XD3 2010-02-11 13984775 Refunding of bonds issued 2/11/99 0 0 0 C Onieda County Industrial Development Agency Series 2002 090210781 682465DA4 2008-09-25 54964593 Refunding of bonds issued 6/21/02 0 0 0 D 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 7648034 0 61195296 0 0 0 864959 459000 0 35414916 22951481 0 2009 0 1 1 1 B 6175000 0 13985658 0 0 0 279695 0 0 85792 13619288 0 2001 1 0 1 1 C 13345000 0 54964593 0 0 0 371363 0 2748230 0 51845000 0 2006 1 0 1 1 D 1160000 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 0 0 0 0 0 0 0 0 1 C 0 0 1 1 1 1 0.0015 0 0.0015 0 0 1 D 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 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part II, Line 3-03/20/2007 59,690,356 Oneida County Industrial Development Agency The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $1,504,940. 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-03/20/2007 59,690,356 Oneida 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 on August 3, 2017 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 Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed on February 16, 2017. 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 on August 3, 2016. Schedule K, Part IV, Line 2c-07/02/2013 23,886,715 Oneida County Local Development Corporation The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed on August 3, 2016. X 3 381600 Apprasial X 191 4819154 Stock Exchange 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 totaling $17,889 that were not reported as revenue. Form 990, Part VI, Section B, Line 11b Form 990 was reviewed by the Audit Committee, a six member committee of the Board of Trustees. A copy was made available to all remaining Trustees before filing. Form 990, Part VI, Section B, Line 12c Officers, trustees and key employees are required to complete a questionnaire regarding potential conflicts of interest on an annual basis. The questionnaires are reviewed by the Vice President for Administration and Finance and appropriate action is taken if necessary. The statements are maintained in a file on College premises. Form 990, Part VI, Section B, Line 15 The process for determining compensation for the President and Senior Officers of the College (includes the Vice Presidents of Administration and Finance, LITS, Academic Affairs,Enrollment Management, Communications & Development, Dean of Students, Chief Investment Officer, and Chief of Staff meets the three 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 Sub-committee of the Board, consisting of the Chair, the Vice Chair, and the Chairs of the Budget and Finance Committee and the Audit Committee, who make a recommendation to the Board for approval. The Committee members are independent of management and free of any conflicts that would impair their judgment. Finally the Executive Compensation Sub-committee adequately and timely documents its decisions regarding compensation Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are posted on our website at www.hamilton.edu. Form 990, Part XI, Line 9 Form 990, Part XI, Line 9 - Change in annuity and life income obligations (2,207,660), FASB 106 adjustment (166,793), non-operating expense (-78,884) 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 (19) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrust (1) 3125 Country Rd 250 Durango CO 81301 Trust CO N/A T 1 Charitable Remainder Unitrust (1) 41 Woodside Way San Rafael CA 94901 Trust CA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0