2018-05-09T13:24:22-05:00 2017-06-30 990 2016-07-01 020222111 Trustees of Dartmouth College TRUS 6036463011 7 Lebanon Street Suite 302 No 6015 Hanover NH 03755 Gail Goodness Controller 6036463001 2018-05-08 2016 2022-09-23 18:48:47Z Philip J Hanlon 7 Lebanon Street Suite 302 No 6015 Hanover NH 03755 4889049100 0 8204 X www.dartmouth.edu X 1769 NH Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge. 26 24 10634 12100 33392802 -8959097 389222461 351100124 512308597 504275306 278456548 377875748 16796481 35090599 1196784087 1268341777 158317180 168059039 0 0 548414439 507347906 0 0 39248540 484497558 432375284 1191229177 1107782229 5554910 160559548 7256079813 7882975225 2242774597 2179046291 5013305216 5703928934 X Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge. 0 0 563424139 156864162 387316564 4a. Education and Academic Support: A Dartmouth education is unlike any other. Through person-to-person teaching and opportunities to create and apply knowledge on campus and across the globe, Dartmouth instills a love of learning among its students and empowers them for a lifetime of leadership. Academics at Dartmouth are innovative, interdisciplinary, international, and individualized for each student. Each student's experience is distinguished by breadth, depth, and personal connections with top faculty. The institution comprises the Faculty of the Arts & Sciences, the School of Graduate and Advanced Studies, and three professional schools: the Thayer School of Engineering, the Tuck School of Business, and the Geisel School of Medicine. Dartmouth's 930-person faculty teaches and guides approximately 6,400 undergraduate and graduate students. Dartmouth's library system directly supports the research and teaching mission of Dartmouth College, as well as the life-long learning needs of the Dartmouth community, by providing access to approximately 129,000 digital resources such as indexes, databases and journals, 3.5 million print and digital books, 34,000 films and videos, 194,000 maps, 32,000 sound recordings and 462,000 photographs. State-of-the-art computing resources are available to faculty and students to foster innovation and excellence in research and in the curriculum. 194500343 9134532 11383664 4b. Research & Research Support: At Dartmouth, teaching and research are inextricably linked. Dartmouth offers undergraduate students a rigorous curriculum at the forefront of higher education and Dartmouth faculty pursue research at the highest levels of their disciplines. Students conduct independent study through one-on-one supervision with a faculty member or work as a member of a research group in state-of-the-art facilities. Dartmouth is home to world-class scholars in the Faculty of Arts & Sciences, the School of Graduate and Advanced Studies, the Thayer School of Engineering, the Tuck School of Business, and the Geisel School of Medicine-which has strong ties to the Dartmouth-Hitchcock Clinic and the Mary Hitchcock Memorial Hospital. In addition, Dartmouth has more than 50 research-focused centers, institutes, and groups in areas ranging from medicine and the arts to engineering and business. Many of these are interdisciplinary and join faculty and students from across the institution to work on complex issues. During fiscal 2017, faculty and others engaged in sponsored activity received $207.3 million in awards from external funding agencies. 180957052 2060345 105575078 4c. Campus Life: Our close-knit community is a distinctive and enduring feature of the Dartmouth experience. For students, the process of joining and adapting to a new community can be as educationally significant as their academic work. For this reason, Dartmouth invests resources in creating a community that is both stimulating and nurturing. Approximately 85% of Dartmouth undergraduates live on campus and Dartmouth's diverse dining facilities are the hub of many social activities. Athletics at Dartmouth compliment the overall academic and intellectual growth of Dartmouth students, with more than 75% of undergraduates participating in at least one of the 35 varsity teams, 33 club sports teams and several intramural leagues. In addition, facilities such as the Hanover Country Club, Dartmouth Skiway, and Morton Farm provide an opportunity for recreation and learning beyond the classroom. There are also approximately 350 graduate and undergraduate student groups which allow students to explore interests in diverse areas, including the arts, academics, activism, culture, politics, sustainability and others. 938881534 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 X 2707 0 1 10634 1 1 1 1 FR GM SP IT NZ UK 0 0 0 1 1 1 1 0 0 0 0 0 0 X 26 24 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NH MA CA NY OK X Controller's Office 6036463011 7 Lebanon Street Suite 302 Hanover NH 03755 Emily Bakemeier Trustee 3.00 X 0 0 0 Jeffrey Blackburn Trustee 3.00 X 0 0 0 Gail Boudreaux Trustee 3.00 X 0 0 0 R William Burgess Jr Trustee 3.00 X 0 0 0 James Coulter Trustee 3.00 X 0 0 0 Denise Dupre Trustee 3.00 X 0 0 0 Gregg Engles Trustee 3.00 X 0 0 0 Elizabeth Fascitelli Trustee 3.00 X 0 0 0 Nathaniel Fick Trustee 3.00 X 0 0 0 Annette Gordon-Reed Trustee 3.00 X 0 0 0 Margaret Hassan Trustee 3.00 X 0 0 0 William Helman IV Trustee 5.00 X 0 0 0 David Hodgson Trustee 3.00 X 0 0 0 James Jackson Trustee 3.00 X 0 0 0 S Caroline Kerr Trustee 3.00 X 0 0 0 Richard Kimball Trustee 3.00 X 0 0 0 Morton Kondracke Trustee 3.00 X 0 0 0 Mitchell Kurz Trustee 3.00 X 0 0 0 Richard Lewis Trustee 0.10 X 0 0 0 Elizabeth Loughlin Trustee 0.10 X 0 0 0 Gregory Maffei Trustee 3.00 X 0 0 0 John Replogle Trustee 3.00 X 0 0 0 Laurel Richie Trustee 3.00 X 0 0 0 Carlos Rodriguez-Pastor Jr Trustee 3.00 X 0 0 0 Erica Schultz Trustee 3.00 X 0 0 0 Christopher Sununu Trustee 0.10 X 0 0 0 Peggy Epstein Tanner Trustee 3.00 X 0 0 0 Benjamin Wilson Trustee 3.00 X 0 0 0 Philip Hanlon President 40.00 X X 1103298 0 245437 Carolyn Dever Provost 40.00 X 715618 0 93005 Richard Mills EVP 39.90 0.10 X 643003 0 39187 Michael Wagner CFO 39.50 0.50 X 355492 0 41093 Duane Compton Dean, Geisel 40.00 X 502463 0 33716 Robert Donin General Counsel 40.00 X 500086 0 30519 Lisa Hogarty VP Campus Services (thru 10/2016) 39.70 0.30 X 325636 0 32948 Robert Lasher Sr VP for Advancement 40.00 X 616958 0 29720 Michael Mastanduno Dean of Faculty 40.00 X 413128 0 39921 Pamela Peedin Chief Investment Officer(thru 03/17) 40.00 X 1449667 0 23850 Matthew Slaughter Dean, Tuck School of Business 40.00 X 784568 0 35734 Alan Green Chair, Department of Psych 40.00 X 659679 0 31858 Megan Hammond Mng Director, Investment Office 39.70 0.30 X 662330 0 42822 Kelsey Morgan Deputy Chief Investment Officer 40.00 X 658988 0 33274 Elizabeth Teisberg Professor 40.00 X 1656891 0 17240 Michael Sullivan Mng Director, Investment Office 40.00 X 656896 0 37969 Martin Wybourne Sr. VP Rsrch; Fm Interim Prov 40.00 X 382418 0 28691 Ann Root Keith COO Adv; Fmr Interim VP Dev 40.00 X 294776 0 38995 Richard Freeman Jr Fmr Chair,Dept of Surgery 0.00 X 829389 0 4828 Wiley Souba Prof & Fmr Dean,Geisel 40.00 X 382411 0 35547 13593695 0 916354 1000 1 1 0 Dartmouth Hitchcock Medical Center One Medical Center Drive Lebanon NH 03756 Medical Research 13357507 Engelberth Construction Inc 428 Main Street Keene NH 03431 Construction and general contractor 8064656 Estes & Gallup Inc PO Box 240 Lyme NY 10019 Construction and general contractor 4324837 Daniel O'Connell's Sons Inc 800 Kelly Way Holyoke MA 01040 Architects 3711822 Cigna 900 Cottage Grove Road Bloomfield CT 06002 Health Plan Administration 2665436 163 69842 130036065 220994217 46055397 351100124 Tuition and Fees 611600 367987775 367987775 Auxiliary Service 611710 77682115 72356000 5326115 All other 611600 25762402 25331360 431042 Medical Related 611600 16968543 16968543 Other Education Related 611600 15874471 15865971 8500 504275306 52080227 11613071 40467156 6834373 6834373 16536230 11099172 5437058 5437058 161632 5275426 3935331678 3609533084 3073 325798594 -3073 325795521 15852442 309943079 244400 69842 71994 172406 172406 Split interest & other changes 525920 17789659 17789659 Other revenue 900099 4857103 4857103 22646762 1268341777 498509649 33392802 385339202 578414 578414 163940549 163940549 3540076 3540076 6994045 2156794 4178096 659155 1442949 586152 429391 427406 423941647 348057604 52275935 23608108 27491595 22549259 3516839 1425497 23104074 18708366 3177084 1218624 24373596 19735297 3352355 1285944 530834 530834 2075025 334341 1740173 511 794877 17980 756947 19950 26056 26056 4847046 4847046 103739178 94251589 5953599 3533990 1759489 1605950 66390 87149 19176879 16220933 741408 2214538 16883038 6944311 9488144 450583 3636021 3631497 2344 2180 38091525 34624237 2975064 492224 28062843 24285461 1572119 2205263 3641 3641 2380555 2110785 165069 104701 45527755 43785054 1719633 23068 66183840 61626293 4259995 297552 1096472 645643 429961 20868 Other expenses 50106958 47833196 1112202 1161560 Environmental remediati 26949773 26949773 Purchase for resale 19843959 19790570 48044 5345 UBI tax expenses 659520 790349 -135153 4324 1107782229 938881534 129652155 39248540 8346640 6900366 198534394 168152498 229503134 264863534 28108934 24290365 82793156 79965763 2488768 2146389 19473032 18249942 1865769635 898130350 954922275 967639285 1472363629 1574648959 4197217130 4712483604 2292116 2750248 60036605 60884272 7256079813 7882975225 98204585 88393332 41047680 39974812 545064999 535997287 49526886 52714859 46064811 26387164 656300000 648142978 806565636 787435859 2242774597 2179046291 X 1090902792 1314664854 2570505674 2986933742 1351896750 1402330338 5013305216 5703928934 7256079813 7882975225 X 160559548 375405355 154658815 X 0 1 X 1 1 1 X 333926852 328376339 376972265 389222461 351100124 1779598041 333926852 328376339 376972265 389222461 351100124 1779598041 1779598041 77282857 72389012 76467488 79292998 63393195 368825550 15407679 7751255 24132825 47291759 4346678 5368452 1845165 7652192 22819168 42031655 2237747005 2458395956 0.79530 0.79190 X Part II, Line 10 Other income consists of income from split interest distributions, fundraising events and other miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 1 26056 1 14441 0 0 40497 0 Part II-B, Line 1: Testimony was delivered to various committees of the State of New Hampshire Legislature for matters concerning higher education. Meetings were held with NH legislative staff to advocate for certain immigration policy measures impacting international education. Meetings were held with US Senators and Congressional Representatives to discuss matters relating to federally funded research programs. 37 18017213 17350871 39800408 1 1 X X X X 0 0 1 X 4474403649 77116273 630383527 49921282 175488000 4956494167 4663491080 119094796 -99549524 46798620 161834083 4474403649 4468219689 59579814 349916940 47674135 166551228 4663491080 3733596412 147989901 777453327 42660486 148159464 4468219690 3486383419 34505250 404762060 42144259 149910058 3733596412 0.25800 0.26880 0.47320 0 0 19651214 19651214 1318031814 550288248 767743566 352416477 261118843 91297634 175670130 86723259 88946871 967639285 Private Equity/Venture Capital Limited Partnership 940666922 F Real Estate & Real Asset Limited Partnership 714271403 F Other Investments 2236381 F Fixed Income Securities and Commingled Funds 58637718 F Global Equity Commingled Funds 1779515681 F Marketable Alternative Strategies Commingled Funds 1202155499 F Investment Contributions in Advance 15000000 F 4712483604 Mark to market liability on interest rate swap agreements 175646227 Employee Benefit Liabilities 400872208 Pending Trades Liability 153937091 Conditional asset retirement obligation 25313777 Government advance, student loans 20550473 Other 11116083 787435859 X Part III, Line 1a: Dartmouth's collections include works of art, literary works, historical treasures, and artifacts that are maintained in its museum and libraries. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sale to be used to acquire other items for collections. The collections, which were acquired through purchases and contributions since Dartmouth's inception, are not recognized as assets in the consolidated Statement of Financial Position. Purchases of collection items are recorded in the consolidated Statement of Activities as non-operating decreases in unrestricted net assets in the year in which the items are acquired or in temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not recorded in the consolidated financial statements. Part III, Line 4: Collections at Dartmouth College exist in two primary areas: the Hood Museum of Art (the Hood) and the Dartmouth College library system. The Hood Museum of Art at Dartmouth College is one of the oldest and largest college museums in the country. The collections of the Hood, which number some 65,000 objects, are rich, diverse, and available for the use by both Dartmouth and the broader community. Access to works of art is provided through permanent collection displays, the online collections database, special exhibitions, the website, scholarly publications, and programs and events. These exhibits and programs are an exciting learning resource for students and the academic community. The Hood offers a vital curricular resource, a source for lectures, gallery talks, symposia, and receptions for the public, and an on-line database of thousands of works. The Dartmouth College Library is committed to partnering with faculty and students to enhance and showcase Dartmouth scholarly output and entreprenurial endeavors. The Library provides immersive and transformative learning experiences, prepares students for a lifetime of learning and responsible leadership, and proactively supports undergraduate, graduate, and professional student academic success through innovative educational programs. The Library offers creative workspaces for individual and collaborative scholarly enquiry and aims to promote well-being as well as stimulate innovative thinking. The Rauner Special Collections Library houses Dartmouth's Archives, the Rare Books Collections, and the Manuscripts Collection. Dartmouth's Archives documents the history of the College through the historical records of the institution and the three professional schools, as well as the history of the surrounding area through selected collections related to local businesses and organizations. Totaling more than 100,000 volumes, Dartmouth's rare book collections constitute a resource of major importance to the institution and the scholarly world at large. The manuscript collections contain over six and a half million unique and original items. Dartmouth students, faculty, staff and outside researchers are all welcome to make use of Rauner Library's extensive holdings of rare books, manuscripts, and archival documents for their research. Part IV, Line 2b: Certain donors have established irrevocable split-interest agreements with Dartmouth, primarily charitable gift annuities, pooled life income funds, and irrevocable charitable remainder trusts, whereby the donated assets are invested and a liability is recognized for distributions to be made in accordance with the agreements. For all residential rental properties and some commercial rental properties, Dartmouth collects a security deposit which it holds in escrow to be used, if necessary, to pay for damages identified when the property is vacated. Part V, Line 4: Dartmouth's endowment plays a critical role in supporting the current and future work of Dartmouth. Its investment and spending policies are designed to balance the needs of current Dartmouth students with the needs of future generations of Dartmouth students. Earning long-term returns that maintain the inflation-adjusted purchasing power of the endowment underpins this concept of intergenerational equity. The endowment is composed of both restricted funds, for which donors designate a specific purpose for their gifts, and unrestricted funds. There are over 5900 separate funds that make up Dartmouth's endowment. Dartmouth's endowment spending policy seeks to balance the competing objectives of supporting the current generation of students and faculty with the need to preserve the endowment's purchasing power for future generations. Distributions from the endowment, which are approved annually by the Board of Trustees, are intended to support Dartmouth's mission by contributing funding to support financial aid, facilities, and a variety of needs in academic, research and student life activities. Part X, Line 2: Dartmouth believes it has taken no significant uncertain tax positions. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Dartmouth's racially nondiscriminatory policy is widely publicized through a variety of print and electronic media. The notification language set forth in Section 403 of Rev. Proc. 75-50 is included in Dartmouth's brochures and other publications which are available to the general public. Schedule E, Part I, Line 6 Dartmouth College received federal and state funding in support of its instructional and research programs. 1 Antarctica 0 0 Program Services Research 19066 Antarctica 0 0 Program Services Education and educational consulting 984 Central America and the Caribbean 0 0 Investments 1379456549 Central America and the Caribbean 0 0 Program Services Research 82137 Central America and the Caribbean 0 0 Program Services Education and educational consulting 65189 Central America and the Caribbean 0 0 Program Services Study-abroad programs 175192 Central America and the Caribbean 0 0 Program Services Volunteer services 49902 East Asia and the Pacific 0 0 Program Services Research 721973 East Asia and the Pacific 0 0 Program Services Education and educational consulting 1008573 East Asia and the Pacific 0 2 Program Services Study-abroad programs 418597 East Asia and the Pacific 0 0 Program Services Volunteer services 1639 East Asia and the Pacific 0 0 Investments 86402 East Asia and the Pacific 0 0 Fundraising 7615 Europe 0 0 Program Services Research 1209613 Europe 0 0 Program Services Education and educational consulting 1621954 Europe 0 18 Program Services Study-abroad programs 2943081 Europe 0 0 Program Services Volunteer services 4233 Europe 0 0 Investments 14660525 Europe 0 0 Fundraising 26961 Middle East and North Africa 0 0 Program Services Study-abroad programs 92928 Middle East and North Africa 0 0 Program Services Volunteer services 8850 Middle East and North Africa 0 0 Program Services Research 103964 Middle East and North Africa 0 0 Program Services Education and educational consulting 239507 North America 0 0 Program Services Study-abroad programs 1855 North America 0 0 Program Services Volunteer services 1570 North America 0 1 Fundraising 75139 North America 0 0 Program Services Research 225510 North America 0 0 Program Services Education and educational consulting 337724 Russia and Neighboring States 0 0 Program Services Research 2958 Russia and Neighboring States 0 0 Program Services Study-abroad programs 34976 Russia and Neighboring States 0 0 Program Services Education and educational consulting 95561 South America 0 0 Program Services Research 211874 South America 0 0 Program Services Education and educational consulting 243431 South America 0 0 Program Services Study-abroad programs 432371 South Asia 0 0 Program Services Research 41616 South Asia 0 0 Program Services Education and educational consulting 264229 South Asia 0 0 Program Services Study-abroad programs 99031 Sub-Saharan Africa 0 0 Investments 19127764 Sub-Saharan Africa 0 0 Program Services Research 509645 Sub-Saharan Africa 0 0 Program Services Education and educational consulting 206124 Sub-Saharan Africa 0 1 Program services Study-abroad programs 280224 Sub-Saharan Africa 0 0 Program services Volunteer services 2953 0 0 0 22 0 22 1380570992 44628997 1425199989 South Asia Education 6071 Wire East Asia and the Pacific Education 6040 Wire 2 Scholarships/Tuition Remission Central America and the Caribbean 8 137847 Student scholarships FMV Scholarships/Tuition Remission East Asia and the Pacific 30 484284 Student scholarships FMV Scholarships/Tuition Remission Europe 122 2059103 Student scholarships FMV Scholarships/Tuition Remission Middle East and North Africa 5 85334 Student scholarships FMV Scholarships/Tuition Remission North America 1 3334 Student scholarships FMV Scholarships/Tuition Remission South America 21 442984 Student scholarships FMV Scholarships/Tuition Remission South Asia 13 157540 Student scholarships FMV Scholarships/Tuition Remission Sub-Saharan Africa 9 157539 Student scholarships FMV 1 0 0 1 1 1 Schedule F Part I Line 2 Grants distributed by Dartmouth consist primarily of scholarships, fellowships and related support given to Dartmouth students. Scholarships are awarded based on the financial need of the student. Scholarship applications are reviewed by a financial aid officer. Financial aid officers are expected to recuse themselves from any case in which they either have a personal interest or feel they cannot be impartial. A random sampling of cases read by each undergraduate financial aid officer is reviewed by the Associate and Senior Associate Directors to ensure compliance with federal regulations, adherence to Dartmouth policies, consistency in results and accuracy. Scholarships are credited to an individual student's account through the Banner Student Information System after the student is enrolled for the term (these credits are included in "non-cash assistance" in Part III above). Scholarship funds are withdrawn if the student ceases to be enrolled. Fellowships are granted in support of a student's educational or research endeavors. All educational and research work is monitored by Dartmouth faculty. Schedule F, Parts I, II and III Dartmouth keeps its books and records on the accrual basis of accounting. The information reported on Schedule F is also reported on the accrual basis of accounting. X X X X X X X 1 Grenzebach Glier and Associates Inc 401 N Michigan Suite 2800 Chicago IL 60611 Provide strategic counsel to the Advancement Program 0 0 0 803234 803234 NH MA Athletics Football 96377 39500 56877 12925 25408 Development Raffle 139170 0 139170 2038 17599 3 78695 30342 48353 4530 476 3774 5244 314242 69842 244400 6568 476 16699 48251 71994 172406 1 Cross-Cultural Thresholds Inc 43 Winding Ridge Road White Plains NY 10603 263924756 501(c)3 10000 Distribution from donor advised fund Community Gallery Inc 11 Bank Street Lebanon NH 03766 237394706 501(c)3 20000 Distribution from donor advised fund Multiple Myeloma Research Foundation 383 Main Avenue 5th Floor Norwalk CT 06851 061504413 501(c)3 50000 Distribution from donor advised fund Teach for America Inc 370 James Street Suite 404 New Haven CT 06513 133541913 501(c)3 10000 Distribution from donor advised fund Shatterproof 101 Merritt 7 Corporate Park Norwalk CT 06851 454619712 501(c)3 25000 Distribution from donor advised fund Trustees of Amherst College 22 Hitchcock Road Amherst MA 01002 042103542 501(c)3 52000 Distribution from donor advised fund Icahn School of Medicine at Mount Sinai 950 Park Avenue New York NY 10028 136171197 501(c)3 10000 Distribution from donor advised fund Horizons at New Canaan Country School Inc PO Box 997 New Canaan CT 06840 060646765 501(c)3 10000 Distribution from donor advised fund StreetSquash Inc 40 West 116th Street New York NY 10026 134061809 501(c)3 10000 Distribution from donor advised fund IDEAL School of Manhattan 314 West 91st Street New York NY 10024 760800603 501(c)3 10000 Distribution from donor advised fund Hedge Funds Care 330 7th Avenue Suite 2B New York NY 10001 431959796 501(c)3 100000 Distribution from donor advised fund Planned Parenthood of Southern New England Inc 345 Whitney Avenue New Haven CT 06511 060263565 501(c)3 10000 Distribution from donor advised fund Proctor Academy PO Box 500 Andover NH 03216 020222179 501(c)3 25000 Distribution from donor advised fund Wellesly College 106 Central Street Wellesly MA 02481 042103637 501(c)3 53732 Distribution from donor advised fund The Maritime Aquarium at Norwalk 10 North Water Street Norwalk CT 06854 061062912 501(c)3 10000 Distribution from donor advised fund The Horace Mann School 231 West 246th Street Bronx NY 10471 131740455 501(c)3 15000 Distribution from donor advised fund The Ecolint-American Foundation 5824 Steeplechase Drive Plano TX 75093 237056392 501(c)3 10000 Distribution from donor advised fund Greenwich Country Day School 401 Old Church Road Greenwich CT 06830 060646657 501(c)3 65000 Distribution from donor advised fund City of Lebanon 51 North Park Street Lebanon NH 03766 026000473 170(c)(1) 20000 Charitable contribution Granite United Way Concord Street Floor 2 Manchester NH 03301 026006033 501(c)3 6975 Charitable contribution New Hampshire Humanities Council 117 Pleasant Street Concord NH 03301 020317350 501(c)3 10000 Charitable contribution The Albert Schweitzer Fellowship 330 Brookline Avenue Boston MA 02215 131982786 501(c)3 10000 Charitable contribution The Dream Program PO Box 361 Winooski VT 05404 260030908 501(c)3 7457 Charitable contribution Campers APP PO Box 791 Quechee VT 05059 812021581 15000 Prizes and awards College Pulse LLC Hinman Box 756 Hanover NH 03755 812278479 10000 Prizes and awards Flux LLC PO Box 318 Hanover NH 03755 811363199 27500 Prizes and awards Lodestone Biomedical LLC 14 Orchard Hill Lane Hanover NH 03755 472187055 10000 Prize and awards Real LLC 801 Richardson Drive Harwood MD 20776 463928586 5500 Prizes and awards Zippity Cars 13 Drake Lane Lebanon NH 03784 811801704 22500 Prizes and awards 23 6 Scholarships/Tuition Remission 3581 169611 150266610 FMV Student Scholarships/tuition remission and employee tuition reimbursement Fellowships 909 12164983 52720 FMV Student Fellowships/Employment Internships 600 1227498 Student Paid Internships Health Insurance Subsidy 679 13985 2434657 FMV Subsidize health insurance cost for graduate students Prizes and Awards 521 448678 50735 FMV Achievement recognition awards to individual students Part I, Line 2: Grants distributed by Dartmouth consist primarily of scholarships, fellowships and related support given to Dartmouth students. Scholarships are awarded based on the financial need of the student. Scholarship applications are reviewed by a financial aid officer. Financial aid officers are expected to recuse themselves from any case in which they either have a personal interest or feel they cannot be impartial. A random sampling of cases read by each undergraduate financial aid officer is reviewed by the Associate and Senior Associate Directors to ensure compliance with federal regulations, adherence to Dartmouth policies, consistency in results and accuracy. Scholarships are credited to an individual student's account through the Banner Student Information system after the student has enrolled for the term (these credits are included in "non-cash assistance" in Part III above) Scholarship funds are withdrawn if the student ceases to be enrolled. Fellowships are granted in support of a student's educational or research endeavors. All educational and research work is monitored by Dartmouth faculty. The Dartmouth Entrepreneurial Network (DEN) has educational and funding programs that promote entrepreneurship within the Dartmouth College community. Prizes and awards reported in Part II represent DEN programs that include startup competitions which are open to Dartmouth College students, faculty, staff and alumni. Entries are evaluated by a group of Dartmouth College alumni, entrepreneurs and expert business practitioners, on the basis of which businesses are most likely to create significant social and/or economic value. X X X X X 1 1 X X X X X 1 1 0 1 0 0 0 1 0 Philip Hanlon President 968386 0 0 0 134912 0 183850 0 61587 0 1348735 0 80000 0 Carolyn Dever Provost 715618 0 0 0 0 0 23850 0 69155 0 808623 0 0 0 Richard Mills EVP 642879 0 0 0 124 0 23850 0 15337 0 682190 0 0 0 Michael Wagner CFO 355382 0 0 0 110 0 23850 0 17243 0 396585 0 0 0 Duane Compton Dean, Geisel 352463 0 150000 0 0 0 23173 0 10543 0 536179 0 0 0 Robert Donin General Counsel 499789 0 0 0 297 0 23850 0 6669 0 530605 0 0 0 Lisa Hogarty VP Campus Services (thru 10/2016) 295825 0 0 0 29811 0 23850 0 9098 0 358584 0 0 0 Robert Lasher Sr VP for Advancement 497415 0 119543 0 0 0 23850 0 5870 0 646678 0 0 0 Michael Mastanduno Dean of Faculty 412831 0 0 0 297 0 23850 0 16071 0 453049 0 0 0 Pamela Peedin Chief Investment Officer(thru 03/17) 574708 0 873800 0 1159 0 23850 0 0 0 1473517 0 0 0 Matthew Slaughter Dean, Tuck School of Business 784554 0 0 0 14 0 23850 0 11884 0 820302 0 0 0 Alan Green Chair, Department of Psych 659536 0 0 0 143 0 23850 0 8008 0 691537 0 0 0 Megan Hammond Mng Director, Investment Office 320510 0 340099 0 1721 0 23850 0 18972 0 705152 0 0 0 Kelsey Morgan Deputy Chief Investment Officer 302940 0 354889 0 1159 0 18550 0 14724 0 692262 0 0 0 Elizabeth Teisberg Professor 156891 0 0 0 1500000 0 12471 0 4769 0 1674131 0 0 0 Michael Sullivan Mng Director, Investment Office 309549 0 346188 0 1159 0 23850 0 14119 0 694865 0 0 0 Martin Wybourne Sr. VP Rsrch; Fm Interim Prov 381868 0 0 0 550 0 23850 0 4841 0 411109 0 0 0 Ann Root Keith COO Adv; Fmr Interim VP Dev 272165 0 15000 0 7611 0 23850 0 15145 0 333771 0 0 0 Richard Freeman Jr Fmr Chair,Dept of Surgery 57401 0 0 0 771988 0 4828 0 0 0 834217 0 0 0 Wiley Souba Prof & Fmr Dean,Geisel 382411 0 0 0 0 0 23850 0 11697 0 417958 0 0 0 Part I, Line 1a First-class travel Dartmouth travel policy allows for first or business class air travel for business purposes in limited circumstances. Consistent with this policy, on infrequent occasions senior officers flew first class with the President's approval. The lack of a major commercial airport within 80 miles of Dartmouth requires use of charter air travel to fulfill the business travel requirements of the President. For this reason, the President and certain senior officers had access for business purposes to charter flight service, the cost of which was fully defrayed by private donations designated for this purpose. Travel for companions The President's wife, who is also an employee of Dartmouth, traveled with him for business purposes including participating in alumni events and meetings with key constituent donors on Dartmouth's behalf. Tax indemnification and gross-up payments During calendar 2016, Dartmouth elected to pay the tax obligations that arose from certain compensation transactions for four individuals. These payments were treated as taxable compensation. Housing Allowance or residence for personal use Dartmouth provided housing for the President and Provost. These arrangements were for Dartmouth's convenience and a condition of employment and therefore were not taxable to the individuals. Personal Services Dartmouth provided housekeeping services for cleaning and maintaining the President's house. The value of services provided for personal living space was recognized as imputed income to the President. Part I, Lines 4a-b Participate in or receive payments from Nonqualified Retirement Plans Dartmouth provided the President with a nonqualified 457(f) supplemental retirement plan. The Plan provided for annual credits to the plan subject to vesting requirements based on continuation of employment through set dates. The President received $120,000, and accrued $160,000 relative to the Plan during the calendar year 2016. $80,000 of the deferred compensation received had been reported in prior years, as reflected in Column F. Received a severance payment or change of control payment: Elizabeth Teisberg retired from her position as a professor at the Geisel School of Medicine, effective June 30, 2016. She received a severance payment in the amount of $1,500,000 during the calendar year 2016. Richard Freeman resigned from his position as Chair of the Department of Surgery and professor at the Geisel School of Medicine, effective December 31, 2015. He received a severance payment in the amount of $771,988 during the calendar year 2016. Part I, Line 5 A portion of the incentive bonus for investment office employees is based on meeting certain return targets. A portion of the performance bonus for the Sr. VP of Advancement is based on achieving certain advancement goals. Part I, Line 7 Duane Compton, Interim Dean of Geisel School of Medicine, received a performance bonus of $150,000 during calendar year 2016. Robert Lasher, Senior Vice President for Advancement, received a performance bonus of $119,543 during calendar year 2016. Ann Root Keith, COO of Advancement and former Interim VP of Development, received a performance bonus of $15,000 during calendar year 2016. Pamela Peedin, Chief Investment Officer, received incentive compensation of $873,800 during calendar year 2016. Kelsey Morgan, Deputy Chief Investment Officer, received incentive compensation of $354,889 during calendar year 2016. Megan Hammond, Managing Director in the Investment Office, received incentive compensation of $340,099 during calendar year 2016. Michael Sullivan, Managing Director in the Investment Office, received incentive compensation of $346,188 during calendar year 2016. A New Hampshire Health & Educ Facilities Authority 020279866 644614FP9 2003-03-12 113250000 Refund 6-1-93 issue 0 0 0 B New Hampshire Health & Educ Facilities Authority 020279866 644614RV3 2007-04-05 90000000 Issue cost, new construction, capital renovations, equipment 0 0 0 C New Hampshire Health & Educ Facilities Authority 020279866 644614YG8 2009-06-18 207389690 Refund 12-17-98 & 12-1-99 issues, issue cost, new constr, cap renov 1 0 0 D New Hampshire Health & Educ Facilities Authority 020279866 2015-08-06 101000000 Refund 04-01-02 series 2002 issue 0 0 0 A 1125000 1125000 1 0 1 1 B 93437682 3437682 471429 89528571 2009 0 0 1 1 C 146075000 164890998 152473 1042393 163696132 2012 1 0 1 1 D 101000000 101000000 2005 1 0 1 1 A 0 0 0 0 0 0 0 B 0 1 0 1 1 0.00890 0.00890 0 0 1 C 0 0 0 1 1 0.00690 0.00030 0.00720 0 0 1 D 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 1 B 1 1 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 Part II, Entity 1, Line 3, Col A The difference between issue price and total proceeds = ($112,125,000) to refinance prior issue. Part II, Entity 1, line 3, Col B The difference between issue price and total proceeds equals $3,437,682 of investment income. Part II, Entity 1, Line 2, Col C $146,075,000 of the series 2009 issue was defeased by 2016A issue on April 29, 2016. Part II, Entity 1, line 3, Col C The difference between issue price and total proceeds equals the sum of ($42,651,166) to refinance prior issues and $152,473 of investment income. Part II, Entity 2, Line 2, Col A The outstanding balance of the 2007A issue ($89,665,000) was refunded by the 2015C ($45,000,000) and 2015D ($44,665,000) issues on August 06, 2015. Part II, Entity 2, Line 6, Col B As reflected in the IRS Form 8038 that was filed in connection with the issuance of the Series 2016A bonds, 100% of the proceeds of the issue were deposited on the issue date of the Series 2016A bonds in an irrevocable escrow fund to advance refund certain tax-exempt obligations issued for the benefit of the College in 2009. As reflected in a Verification Report dated April 29, 2016, which was prepared by a third party in connection with the issuance of the Series 2016A bonds, the aggregate yield of the investments in such escrow fund is less than the yield on the Series 2016A bonds for the yield computation period during which amounts in the escrow fund will remain unspent. Accordingly, no rebate liability has arisen or will arise under Code Section 148(f) with respect to the Series 2016A bonds, and no rebate computation was required to be prepared in connection with the Series 2016A bonds. Part IV, Entity 1, line 2c, Col C Arbitrage rebate calculation was prepared on November 8, 2013. The computation period was June 19, 2009 through June 18, 2013. A New Hampshire Health & Educ Facilities Authority 020279866 2015-08-06 89665000 Refund 04-05-07 series 07A issue 0 0 0 B New Hampshire Health & Educ Facilities Authority 020279866 2016-04-29 165000000 Direct purchase that partially defeased 06-18-09 09A issue. 0 0 0 A 89665000 89665000 2009 1 0 1 1 B 165000000 159054857 5945143 2012 0 1 1 1 A 0 0 0 1 1 0.00880 0.00000 0.00880 0 0 1 B 0 0 0 1 1 0.00050 0.00010 0.00060 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 TPG Group Dartmouth Trustee and TPG Founding Partner 100024 Capital Contribution 0 TPG Group Dartmouth Trustee and TPG Founding Partner 1278971 Capital Distribution 0 Mary Donin Spouse of Key Employee 13308 Calendar 2016 compensation as an employee 0 Gail Gentes Spouse of Officer 74327 Calendar 2016 compensation as an employee 0 Paul Young Spouse of Officer 144131 Calendar 2016 compensation as an employee 0 X 38 41 $1 per donor credit X 1 $1 per donor credit X 944 41730860 Market value X 1 5503 Market value X 1 1 $1 per donor credit X 3 3 $1 per donor credit X Self-created items 5 6 $1 per donor credit X Horses & equipment 4 4 $1 per donor credit X Specialized Equipment or Instruments 3 3 $1 per donor credit X Miscellaneous 3 3 $1 per donor credit 10 0 1 1 Part I, Column (b): The number of contributions for publicly traded securities is determined by counting each set of securities donated. For all other contributions, the number is determined by the number of contributions comprising the specific type of donation. Part I, Line 32b: Dartmouth occasionally uses third parties, including auction houses, to sell specialized items such as jewelry and art. Part I, Line 33: Pursuant to Accounting Standards Codification 958 (ASC 958), Dartmouth does not capitalize its collections, including works of art, literary works, historical treasures and artifacts that are maintained in its museums and libraries. Non-cash contributions of this nature are, therefore, not recognized as revenue for financial statements purposes, except for a nominal value of $1 each. These collections are protected and preserved for public exhibition, education, research and the furtherance of public service. Other non-cash contributions with no readily ascertainable fair value or which are deemed immaterial are not recognized as revenue for financial statement purposes, except for a nominal value of $1 each. Form 990, Part VI, Section B, line 11b The 990 review process is as follows: A draft of the completed Form 990 is sent to the Audit Committee and a draft of the sections concerning compensation is sent to the Organizational Strategy and Compensation Committee. The Organizational Strategy and Compensation Committee may contact management or the Audit Committee with any questions or concerns on the compensation sections. The Audit Committee then meets with senior management personnel to review the process by which the Form 990 was prepared, discuss any items of significance, and resolve any questions. The Audit Committee then votes to accept the Form 990 based on management's representations. Prior to the return being filed, a draft of the complete Form 990 is provided to the full board. At the next meeting of the Board of Trustees, the Audit Committee reports to the full Board on the results of its review. Form 990, Part VI, Section B, line 12c Compliance with Dartmouth's institution-wide Conflict of Interest policy (www.dartmouth.edu/~osp/resources/policies/dartmouth/cofinterest.html) is required by College policy. Compliance is monitored by the Office of the General Counsel, which reviews information concerning potential conflicts solicited from approximately 390 trustees, faculty, and staff members each year. Compliance with the requirements of the Policy concerning researchers engaged in externally sponsored research is enforced and monitored by the Office of the Provost, and particularly by the Office of Sponsored Projects and the Conflict of Interest Committee of the Council on Sponsored Activities which, in accordance with federal regulations, solicit information from researchers concerning financial interests that may affect or be affected by proposed research. In addition, the Office of the General Counsel and the Investment Office monitor compliance with the Policy on Pecuniary Benefit Transactions and Related Party Investments. Form 990, Part VI, Section B, line 15 The process for determining the compensation of Dartmouth's President and other officers and key employees is as follows: (1) Comparability data are gathered by the Chief Human Resources Officer from a compensation survey conducted by a nationally-known compensation consulting firm. (2) Recommendations for compensation adjustments for officers and key employees are prepared by the President, using comparability data and a review of the employee's performance. (3) The President's recommendations are presented for approval to the Organizational Strategy and Compensation Committee of the Board, together with the comparability data. (4) Comparability data for the President's compensation is also presented to the Organizational Strategy and Compensation Committee by the Chief Human Resources Officer. The Board of Trustees approves the President's compensation. The President and the Investment Committee jointly approve the Chief Investment Officer's compensation. Form 990, Part VI, Section C, line 19 Dartmouth makes its governing document (The Charter of Dartmouth College), conflict of interest policies and financial statements available to the public by posting these documents on its website. Form 990, Part XI, line 9: Net unrealized change in value of non-investment items 145,356,260. Net change in split-interest agreements 9,302,555. Form 990 Part IV, Line 28c, Business Transactions with Interested Persons: A special and rigorous conflict-of-interest policy applies to Dartmouth investments with firms in which related parties (e.g., Trustees or non-Trustee Investment Committee members) have a financial interest. Under the New Hampshire Pecuniary Benefit Law (Revised Statutes Annotated, Chapter 7:19-a) and Dartmouth's Policy on Pecuniary Benefit Transactions and Related Party Investments, such investments are strictly regulated. Before such an investment may be made, the Investment Office must submit to the Board of Trustees an analysis (1) documenting the past performance of funds managed by the firm in question; and (2) comparing the terms of the proposed investment with the terms of other recent similar investments not involving related parties. The analysis must also document that Dartmouth's investment would not comprise more than 10% of the fund and that other institutional investors have committed to participate in the same fund. Based on this information, the proposed investment is considered by the Investment Committee of the Board of Trustees, the Audit Committee, and the full Board. In each instance, any Trustee or non-Trustee Investment Committee member associated with the firm involved in the investment must be recused from the discussion and vote. The investment may not be made unless the Investment Committee, the Audit Committee and the Board each give their approval by a two-thirds vote. Approval requires a finding that the proposed investment is fair and reasonable to Dartmouth and that it is no less favorable than the terms of similar recent investments made by Dartmouth not involving related parties. In accordance with State law, a notice of the proposed investment--identifying the related party, the investment firm, and the amount of the investment--is then filed with the State Attorney General's Office and published in the local daily newspaper. Tuck Capital Partners Management LLC 100 Tuck Hall Hanover NH 03755 475516892 Investments NH Trustees of Dartmouth College TuckDEN Ventures Management LLC 100 Tuck Hall Hanover NH 03755 475535191 Investments NH Trustees of Dartmouth College Dartmouth Educational Loan Corporation 7 Lebanon St Suite 302 Hanover NH 03755 020362923 Educational Loans NH 501(c)(3) Line 12a, I Trustees of Dartmouth College 1 Centerra Marketplace Inc 7 Lebanon St Suite 302 Hanover NH 03755 043369425 Real Estate Holding NH 501(c)(25) Trustees of Dartmouth College 1 Seven Lebanon Street Inc 7 Lebanon St Suite 302 Hanover NH 03755 020514301 Real Estate Holding NH 501(c)(25) Trustees of Dartmouth College 1 South Street Downtown Holdings Inc 7 Lebanon St Suite 302 Hanover NH 03755 020518373 Real Estate Holding NH 501(c)(25) Trustees of Dartmouth College 1 Foundation for Jewish Life at Dartmouth 7 Lebanon St Suite 302 Hanover NH 03755 020486238 Real Estate Holding NH 501(c)(2) Trustees of Dartmouth College 1 Hamden Assurance Risk Retention Group Inc 30 Main Street Suite 330 Burlington VT 05401 208530788 Insurance VT 501(c)(3) Line 12a, I Dartmouth-Hitchcock Clinic 0 Dartmouth College Trust 7 Lebanon St Suite 302 Hanover NH 03755 Fundraising UK Trustees of Dartmouth College 1 The Dartmouth Educational Association 3 Stoneview Lane Sharon MA 02067 046045227 Educational Loans MA 501(c)(3) Line 12c, III-FI N/A 0 Dartmouth-Hitchcock Medical Center One Medical Center Drive Lebanon NH 037560001 222715483 Health Care Administration NH 501(c)(3) Line 12a, I N/A 0 Sarofim Multifamily Partners II LP 8115 Preston Rd Suite 400 Dallas TX 75225 208782507 Real Estate Investment TX N/A Investment 1296142 -5083845 0 0 0.50130 Tuck Capital Partners LP 100 Tuck Hall Hanover NH 03755 383983593 Investments NH Trustees of Dartmouth College Exempt 0 1 0.99000 TuckDEN Ventures LP 100 Tuck Hall Hanover NH 03755 300887557 Investments NH Trustees of Dartmouth College Exempt 0 1 0.99000 TPH Midstream Opportunities Fund LP 27 Hospital Rd Walker Corp Ltd George Town Grand Cayman CJ KY1-9008 475277851 Investments CJ N/A Investment 489198 51925234 0 0 0.69990 Charitable Remainder Unitrusts (91) Fundraising/Development NH Trustees of Dartmouth College T 0 Pooled Income Funds (3) Fundraising/Development NH Trustees of Dartmouth College T 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 Dartmouth Educational Loan Corporation A 2102100 Cost Dartmouth Educational Loan Corporation R 2741454 Cost Dartmouth Educational Loan Corporation L 288921 Cost Dartmouth Educational Loan Corporation Q 123605 Cost Foundation for Jewish Life at Dartmouth L 90783 Cost Foundation for Jewish Life at Dartmouth S 79701 Cost Foundation for Jewish Life at Dartmouth R 174075 Cost Seven Lebanon Street Inc K 1413327 Cost Seven Lebanon Street Inc L 132281 Cost South Street Downtown Holdings Inc L 197870 Cost South Street Downtown Holdings Inc K 253353 Cost South Street Downtown Holdings Inc S 350000 Cost Centerra Marketplace Inc S 4165049 Cost TPH Midstream Opportunities Fund B 50000000 Cost Charitable Remainder Trusts(7) S 2595534 Cost Dartmouth College Trust C 176917 Cost Sarofim Multifamily Partners II LP S 3500000 Cost Part IV, Charitable Remainder Trusts and Pooled Income Funds Dartmouth College controls a total of 91 Charitable Remainder Trusts and 3 Pooled Income Funds, all domiciled in the State of New Hampshire.