2017-05-11T07:19:55-05:00 2016-06-30 990 2015-07-01 020222111 Trustees of Dartmouth College TRUS 6036463011 7 Lebanon Street Suite 302 No 6015 Hanover NH 03755 Gail Goodness Controller 6036463001 2017-05-11 2015 2021-01-29 14:40:06Z Philip J Hanlon 7 Lebanon Street Suite 302 No 6015 Hanover NH 03755 5660597832 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 10462 9800 21253796 -18137253 376972265 389222461 507151300 512308597 500657906 278456548 9388938 16796481 1394170409 1196784087 145570085 158317180 0 0 522521313 548414439 0 0 40668467 406616957 484497558 1074708355 1191229177 319462054 5554910 7265439165 7256079813 1951120434 2242774597 5314318731 5013305216 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 1 673231144 148167936 394585347 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, and three professional schools: the Thayer School of Engineering, the Tuck School of Business, and the Geisel School of Medicine. Dartmouth's 1,066-person faculty teaches and guides approximately 6,350 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 105,000 digital resources such as indexes, databases and journals, 3.4 million print and digital books, 34,000 films and videos, 194,000 maps, 39,000 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. 198595523 7936339 16329152 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 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 centers, institutes, research groups, and laboratories in areas ranging from medicine to social policy, from engineering to business. Many of these are interdisciplinary and join faculty and students from across the institution to work on complex issues. During fiscal 2016, faculty and others engaged in sponsored activity received $220.5 million in awards from external funding agencies. 172882887 2212406 101394098 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. Nearly 90% 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 34 varsity teams, 35 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 more than 300 student groups which allow students to explore interests in diverse areas, including the arts, academics, activism, culture, politics, sustainability and others. 1044709554 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 0 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 2857 0 1 10462 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 0.10 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 Jeffrey Immelt Trustee 3.00 X 0 0 0 James Jackson Trustee 0.10 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 Gregory Maffei Trustee 3.00 X 0 0 0 Sherri Oberg Trustee 3.00 X 0 0 0 John Replogle Trustee 3.00 X 0 0 0 John Rich 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 Steven Roth Trustee 3.00 X 0 0 0 Erica Schultz Trustee 0.10 X 0 0 0 Peggy Epstein Tanner Trustee 3.00 X 0 0 0 Diana Taylor Trustee 3.00 X 0 0 0 Benjamin Wilson Trustee 3.00 X 0 0 0 Philip Hanlon President 40.00 X X 1001088 0 250128 Carolyn Dever Provost 40.00 X 688208 0 95682 Richard Mills EVP 39.90 0.10 X 624056 0 36033 Michael Wagner CFO 39.50 0.50 X 333355 0 40877 Duane Compton Interim Dean, Geisel 40.00 X 439005 0 37430 Robert Donin General Counsel 40.00 X 498934 0 31494 Lisa Hogarty VP Campus Services 37.60 2.40 X 324702 0 35401 Robert Lasher Sr VP for Advancement 40.00 X 514936 0 30169 Michael Mastanduno Dean of Faculty 40.00 X 405360 0 40602 Pamela Peedin Chief Investment Officer 40.00 X 1387602 0 34743 Paul Danos Dean Emeritus,Tuck School (eff 7/15) 40.00 X 764705 0 35237 Sydney Finkelstein Professor of Management 40.00 X 777288 0 39056 Richard Freeman Jr Fmr Chair,Dept of Surgery 40.00 X 710107 0 36669 Alan Green Chair, Department of Psychiatry 40.00 X 679297 0 32458 Michael Sullivan Managing Director, Investment Office 40.00 X 644903 0 37853 Martin Wybourne Sr. Vice Prov Rsrch; Fm Interim Provost 40.00 X 371377 0 28632 William Green Prof & Former Dean, Geisel 40.00 X 367795 0 25194 Ann Root Keith COO Advancement; Fmr Interim Sr VP 40.00 X 263221 0 39071 Wiley Souba Prof & Fmr Dean,Geisel 40.00 X 643096 0 35353 11439035 0 942082 974 1 1 0 Engelberth Construction Inc 428 Main Street Keene NH 03431 Construction and general contractor 12809707 Dartmouth Hitchcock Medical Center One Medical Center Drive Lebanon NH 03756 Medical Research 11487039 Cigna 900 Cottage Grove Road Bloomfield CT 06002 Health Plan Administration 2391662 Estes & Gallup Inc PO Box 240 Lyme NH 03768 Construction and general contractor 2126875 Tod Williams Billie Tsien Architects LL 222 Central Park South New York NY 10019 Architects 2118051 136 70407 139473971 249678083 46055397 389222461 Tuition and Fees 611600 353139903 353139903 Auxiliary Service 611710 76081069 70762775 5318294 Medical Related 611600 45827951 45827951 All other 611600 20994108 20588850 405258 Other Education Related 611600 16265566 16262066 3500 512308597 53176514 1780146 51396368 3368377 3368377 24991811 19215899 5775912 5775912 203045 5572867 4669789681 28233 4444537880 0 225251801 28233 225280034 13543553 211736481 179041 70407 59966 119075 119075 Split interest distribution 525920 7395631 7395631 Other revenue 900099 137486 137486 7533117 1196784087 506581545 21253796 279726285 X 757755 757755 153703512 153703512 3855913 3855913 6888811 1031977 5293183 563651 1910865 1062833 431465 416567 449385931 376914905 47825125 24645901 31301600 25831823 3702341 1767436 33062673 26329506 4588383 2144784 25864559 21193030 3183444 1488085 541219 539216 2003 1901056 102808 1798248 658363 15312 633051 10000 32270 32270 5849690 5849690 91019804 84356650 3408556 3254598 1873788 1730724 86183 56881 22464424 18965278 1005159 2493987 15693656 6464869 8817112 411675 642356 640132 2224 45474531 42198630 3070127 205774 27692850 24583260 1309236 1800354 2366646 2142583 142380 81683 48609499 44101471 4485050 22978 66581965 61772620 4512394 296951 1180019 168231 984251 27537 Geisel Restructuring Ex 53458498 53458498 Other expenses 46168624 41465235 3747340 956049 Net loss on Extinguishm 31731563 30823603 892800 15160 Purchase for resale 20556737 20499180 51144 6413 1191229177 1044709554 105851156 40668467 16210449 8346640 271237986 198534394 186371870 229503134 26113844 28108934 80252957 82793156 2780465 2488768 12899590 19473032 1790123664 835201389 968902086 954922275 1571548549 1472363629 4107214260 4197217130 3418272 2292116 18488837 60036605 7265439165 7256079813 64112375 98204585 42522931 41047680 533739998 545064999 50668620 49526886 47567583 46064811 512600000 656300000 699908927 806565636 1951120434 2242774597 X 1298045779 1090902792 2772957507 2570505674 1243315445 1351896750 5314318731 5013305216 7265439165 7256079813 X 5554910 -338249493 31681068 X 0 1 X 1 1 1 X 332464631 333926852 328376339 376972265 389222461 1760962548 332464631 333926852 328376339 376972265 389222461 1760962548 1760962548 83590566 77282857 72389012 76467488 79292998 389022921 15407679 7751255 24132825 0 47291759 7137463 4346678 5368452 1845165 7652192 26349950 2223627178 2403131054 0.79190 0.78930 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 1 0 1 32270 1 13345 0 0 45615 0 Part II-B, Line 1: Testimony was delivered to various committees of the State of New Hampshire Legislature for matters concerning higher education. Joined with NACUBO and other universities to hire a lobbying firm to work on amendments to the Commodity Exchange Act that are of concern to higher education. Meetings were held with US Senators and Congressional Representatives to discuss matters relating to federally funded research programs. 29 14493657 4448894 33988831 1 1 X X X X 1 0 1 X 4663491080 119094796 -99549524 46798620 161834083 4474403649 4468219689 59579814 349916940 47674135 166551228 4663491080 3733596412 147989901 777453327 42660486 148159464 4468219690 3486383419 34505250 404762060 42144259 149910058 3733596412 3413406772 60905749 197299445 41034271 144194276 3486383419 0.24450 0.28750 0.46800 0 0 19158177 19158177 1283308702 510801342 772507360 339917541 241556330 98361211 147739244 82843717 64895527 954922275 Private Equity/Venture Capital Limited Partnership 874207259 F Real Estate & Real Asset Limited Partnership 702946918 F Other Investments 1582248 F Fixed Income Securities and Commingled Funds 44172449 F Global Equity Commingled Funds 1323636917 F Marketable Alternative Strategies Commingled Funds 1155293917 F Investment Contributions in Advance 95377422 F 4197217130 Mark to market liability on interest rate swap agreements 250321017 Employee Benefit Liabilities 420709910 Pending Trades Liability 82685555 Conditional asset retirement obligation 24522495 Government advance, student loans 20660045 Other 7666614 806565636 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 fosters intellectual growth and advances the mission of Dartmouth College and affiliated communities by supporting excellence and innovation in education and research, managing and delivering information, and partnering to develop and disseminate new scholarship. 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. In addition, Dartmouth maintains the Dartmouth Donor Advised Fund (DDAF) to enable philanthropic individuals and families to streamline the management of their charitable gifts. Through the DDAF, Dartmouth receives, invests and administers gifts to Dartmouth and other charitable organizations on the donors' behalf. 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 5800 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 9537 Antarctica 0 0 Program Services Education and educational consulting 1535 Central America and the Caribbean 0 0 Investments 1338530629 Central America and the Caribbean 0 0 Program Services Research 20214 Central America and the Caribbean 0 0 Program Services Education and educational consulting 140536 Central America and the Caribbean 0 0 Program Services Study-abroad programs 147734 Central America and the Caribbean 0 0 Program Services Volunteer services 62185 East Asia and the Pacific 0 0 Program Services Research 234235 East Asia and the Pacific 0 0 Program Services Education and educational consulting 821740 East Asia and the Pacific 0 2 Program Services Study-abroad programs 415814 East Asia and the Pacific 0 0 Program Services Volunteer services 51348 East Asia and the Pacific 0 0 Investments 107900 Europe 0 0 Investments 21854932 Europe 0 0 Program Services Research 1655254 Europe 0 0 Program Services Education and educational consulting 1341856 Europe 0 18 Program Services Study-abroad programs 2996238 Europe 0 0 Program Services Volunteer services 58157 Middle East and North Africa 0 0 Program Services Research 7094 Middle East and North Africa 0 0 Program Services Education and educational consulting 131636 Middle East and North Africa 0 1 Program Services Study-abroad programs 184928 Middle East and North Africa 0 0 Program Services Volunteer services 11700 North America 0 0 Program Services Research 148232 North America 0 0 Program Services Education and educational consulting 225654 North America 0 0 Program Services Study-abroad programs 132887 North America 0 0 Program Services Volunteer services 20394 Russia and Neighboring States 0 0 Program Services Study-abroad programs 39888 Russia and Neighboring States 0 0 Program Services Education and educational consulting 6917 South America 0 0 Program Services Research 179139 South America 0 0 Program Services Education and educational consulting 151333 South America 0 0 Program Services Study-abroad programs 304855 South America 0 0 Program Services Volunteer services 63805 South Asia 0 0 Program Services Research 9894 South Asia 0 0 Program Services Education and educational consulting 172610 South Asia 0 0 Program Services Study-abroad programs 58237 South Asia 0 0 Program Services Volunteer services 61275 Sub-Saharan Africa 0 0 Program Services Research 900121 Sub-Saharan Africa 0 0 Program Services Education and educational consulting 507572 Sub-Saharan Africa 0 1 Program Services Study-abroad programs 280686 Sub-Saharan Africa 0 0 Program Services Volunteer Services 101050 Sub-Saharan Africa 0 0 Investments 17141497 0 0 0 22 0 22 1339146605 50144643 1389291248 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, Education 13360 Wire 1 Scholarships/Tuition Remission Central America and the Caribbean 7 101324 Student scholarships FMV Scholarships/Tuition Remission East Asia and the Pacific 32 473233 Student scholarships FMV Scholarships/Tuition Remission Europe 158 2391840 Student scholarships FMV Scholarships/Tuition Remission Middle East and North Africa 11 172847 Student scholarships FMV Scholarships/Tuition Remission North America 9 137086 Student scholarships FMV Scholarships/Tuition Remission Russia and Neighboring States 4 53642 Student scholarships FMV Scholarships/Tuition Remission South America 22 339734 Student scholarships FMV Scholarships/Tuition Remission South Asia 3 47682 Student scholarships FMV Scholarships/Tuition Remission Sub-Saharan Africa 8 125165 Student scholarships FMV 1 0 1 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. Athletics Football 89010 41950 47060 6325 12324 6381 Development Raffle 67616 67616 4510 18299 3 92822 28457 64365 3590 503 3530 4504 249448 70407 179041 8100 6828 15854 29184 59966 119075 1 Colby Sawyer College 541 Main Street New London NH 03257 020222120 501(c)3 200000 Distribution from donor advised fund Eastern College Athletic Conference 51 S Pearl Street Albany NY 12207 043524094 501(c)3 13908 Distribution from donor advised fund Albert Schweitzer Fellowship 330 Brookline Avenue Boston MA 02215 131982786 501(c)3 15500 Charitable Contribution Friends of The Frost Place Inc Ridge Road Box 74 Franconia NH 03580 264497702 501(c)3 6000 Charitable Contribution Walnut Hill School for the Arts 12 Highland Street Natick MA 01760 042103636 501(c)3 10000 Distribution from donor advised fund Greenwich Academy 200 N Maple Ave Greenwich CT 06830 060653118 501(c)3 30035 Distribution from donor advised fund Open Door Shelter Inc 4 Merritt St Norwalk CT 06854 222536909 501(c)3 10000 Distribution from donor advised fund Hopkins School 986 Forest Road New Haven CT 06515 060646674 501(c)3 61900 Distribution from donor advised fund New York Police and Fire Widow's Children's Benefit Fund 156 W 56th St 901 New York NY 10019 133340675 501(c)3 20000 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 The Hildegard Behrens Foundation 276 Riverside DriveSuite 12F New York NY 10025 273202407 501(c)3 15000 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 Planned Parenthood of Southern New England Inc 345 Whitney Avenue New Haven CT 06511 060263565 501(c)3 10000 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 The Horace Mann School 231 West 246th Street Bronx NY 10471 131740455 501(c)3 15000 Distribution from donor advised fund Hedge Funds Care 330 7th Avenue Suite 2B New York NY 10001 431959796 501(c)3 25000 Distribution from donor advised fund Icahn School of Medicine at Mount Sinai One Gustave Levy Place Box 1049 New York NY 100296574 136171197 501(c)3 10000 Distribution from donor advised fund Granite United Way 22 Concord Street Floor 2 Manchester NH 03301 026006033 501(c)3 5200 Charitable Contribution Greenwich Library 101 West Putnam Avenue Greenwich CT 06830 066002281 501(c)3 10000 Distribution from donor advised fund The Boy's Club of New York 287 East 10th Street New York NY 10009 135591750 501(c)3 50000 Distribution from donor advised fund Alzheimer's Association CT Chapter 200 Executive Blvd Ste 4B Southington CT 06489 133039601 501(c)3 10000 Distribution from donor advised fund New Canaan Country School Inc PO Box 997 New Canaan CT 06840 060646765 501(c)3 10000 Distribution from donor advised fund Carver Foundation of Norwalk Inc 7 Academy Street Norwalk CT 06850 060862072 501(c)3 10000 Distribution from donor advised fund Cristo Rey Network 19416 Stone Cress Ct Edmond OK 73012 043730980 501(c)3 60000 Distribution from donor advised fund Bring Change 2 Mind 155 Sansome St Suite 530 San Francisco CA 94104 010974537 501(c)3 10000 Distribution from donor advised fund Legal Aid of North Carolina Inc 224 South Dawson St Raleigh NC 276011306 311784161 501(c)3 5078 Distribution from donor advised fund Balch Hill LLC 101 E Wheelock St Hanover NH 03755 475660790 10000 Prize and awards Baloonr Inc 13 Tamara Ct Oxford OH 45056 474228383 25000 Prizes and awards Decade Inc 1522 North Dearborn Chicago IL 60610 320482607 6000 Prizes and awards Incente LLC 19 Rocky Hill Lane Lyme NH 03768 462520060 30000 Prizes and awards Lodestone Biomedical LLC 14 Orchard Hill Lane Hanover NH 03755 472187055 19500 Prizes and awards Gbowee Peace Foundation Africa-USA 25 East 21st St 7th Floor New York NY 10010 472830073 501(c)3 10000 Charitable contribution New Hampshire College & University Council 3 Barrell Ct Ste 200 Concord NH 03301 020271139 501(c)3 10000 Charitable contribution Partners In Health 800 Boylston St Suite 1400 Boston MA 021998190 043567502 501(c)3 6500 Charitable contribution 29 5 Scholarships/Tuition Remission 3915 124009 141895447 FMV Student Scholarships/tuition remission and employee tuition reimbursement Fellowships 864 11530441 13286 FMV Student Fellowships/Employment Internships 684 1434657 595 FMV Student Paid Internships Health Insurance Subsidy 809 2412 1527560 FMV Subsidize health insurance cost for graduate students Prizes and Awards 620 522411 78471 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. Dartmouth Ventures is an annual conference and contest on entrepeneurship sponsored by Tuck School of Business. The contest is open to any startup team or company having at least one member with a Dartmouth College affiliation. Entries are evaluated by a group of Dartmouth College alumni, entrepeneurs and expert business practitioners, on the basis of which business is most likely to create significant social and/or economic value. X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Philip Hanlon President 898777 0 0 0 102311 0 183850 0 66278 0 1251216 0 40000 0 Carolyn Dever Provost 686472 0 0 0 1736 0 23850 0 71832 0 783890 0 0 0 Richard Mills EVP 620762 0 0 0 3294 0 23850 0 12183 0 660089 0 0 0 Michael Wagner CFO 333329 0 0 0 26 0 23850 0 17027 0 374232 0 0 0 Duane Compton Interim Dean, Geisel 361343 0 75000 0 2662 0 22935 0 14495 0 476435 0 0 0 Robert Donin General Counsel 484430 0 0 0 14504 0 23850 0 7644 0 530428 0 0 0 Lisa Hogarty VP Campus Services 319054 0 0 0 5648 0 23850 0 11551 0 360103 0 0 0 Robert Lasher Sr VP for Advancement 477059 0 25000 0 12877 0 23850 0 6319 0 545105 0 0 0 Michael Mastanduno Dean of Faculty 400752 0 0 0 4608 0 23850 0 16752 0 445962 0 0 0 Pamela Peedin Chief Investment Officer 526230 0 859386 0 1986 0 23850 0 10893 0 1422345 0 0 0 Paul Danos Dean Emeritus,Tuck School (eff 7/15) 740632 0 0 0 24073 0 23850 0 11387 0 799942 0 0 0 Sydney Finkelstein Professor of Management 772360 0 0 0 4928 0 23850 0 15206 0 816344 0 0 0 Richard Freeman Jr Fmr Chair,Dept of Surgery 710081 0 0 0 26 0 23850 0 12819 0 746776 0 0 0 Alan Green Chair, Department of Psychiatry 650218 0 0 0 29079 0 23850 0 8608 0 711755 0 0 0 Michael Sullivan Managing Director, Investment Office 294079 0 349639 0 1185 0 23850 0 14003 0 682756 0 0 0 Martin Wybourne Sr. Vice Prov Rsrch; Fm Interim Prov 371351 0 0 0 26 0 23850 0 4782 0 400009 0 0 0 William Green Prof & Former Dean, Geisel 367769 0 0 0 26 0 23850 0 1344 0 392989 0 0 0 Ann Root Keith COO Advancement; Fmr Interim Sr VP 261942 0 0 0 1279 0 23354 0 15717 0 302292 0 0 0 Wiley Souba Prof & Fmr Dean,Geisel 643070 0 0 0 26 0 23850 0 11503 0 678449 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 2015, Dartmouth elected to pay the tax obligations that arose from certain compensation transactions for one individual. 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, Line 4b 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 $80,000, and accrued $160,000 relative to the Plan during the calendar year 2015. $40,000 of the deferred compensation received had been reported in prior years, as reflected in Column F. Part I, Line 7 Duane Compton, Interim Dean of Geisel School of Medicine, received a performance bonus of $75,000 during calendar year 2015. Robert Lasher, Senior Vice President for Advancement, received a performance bonus of $25,000 during calendar year 2015. Pamela Peedin, Chief Investment Officer, received incentive compensation of $859,386 during calendar year 2015. Michael Sullivan, Managing Director in the Investment Office, received incentive compensation of $349,639 during calendar year 2015. 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 51650000 1125000 1125000 1 0 1 1 B 15000000 93437682 3437682 471429 89528571 2009 0 0 1 1 C 146075000 164890998 152473 1042393 163696132 2012 1 0 1 1 D 101000000 2005 1 0 1 1 A 0 0 0 0 0 0 0 B 0 1 0 0 0.00830 0.00830 0 0 1 C 0 1 0 0 0.00780 0.00780 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 2009 1 0 1 1 B 165000000 164375025 2012 0 1 1 1 A 0 0 0 0 0.00890 0.00040 0.00930 0 0 1 B 0 1 0 0 0.00010 0.00010 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 Dartmouth Trustee and TPG Founding Partner 28952 Capital Contribution 0 Capital Contribution 0 TPG Dartmouth Trustee and TPG Founding Partner 2902506 Capital Distribution 0 HWA 555 Owners LLC Dartmouth Trustee and Owner of HWA 555 Owners, LLC 132317 Payments for rents in the ordinary course of business 0 Mary Donin Spouse of Key Employee 20939 Calendar 2015 compensation as an employee 0 Gail Gentes Spouse of Officer 49719 Calendar 2015 compensation as an employee 0 Kathy Green Spouse of Former Key Employee 58035 Calendar 2015 compensation as an employee 0 Paul Young Spouse of Officer 141627 Calendar 2015 compensation as an employee 0 X 14 20 $1 per allocation X 5 $1 per allocation X 880 45484022 Market value X 4 571336 Market value X 1 1 $1 per allocation X 1 1 $1 per allocation X Horses 5 5 $1 per allocation X Self-created items 3 3 $1 per allocation X Specialized Equipment or Instruments 3 3 $1 per allocation X Miscellaneous 1 1 $1 per allocation 5 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 III, line 3 During the year ended June 30, 2016, Dartmouth restructured a number of activities at the Geisel School of Medicine (Geisel) to address increasing financial constraints, to improve Geisel's education and research programs, and to align resources and support for these activities. These changes include: creation of a new department of Medical Education, reorganization of the Basic Science departments, and migration of the operations and fiscal responsibility for clinical academic activities from Dartmouth to Dartmouth-Hitchcock Clinic and Mary Hitchcock Memorial Hospital (operating jointly as "Dartmouth-Hitchcock"). Responsibility for the employment, finances, and operational support for clinical research programs, as well as the clinical practice of psychiatry, transferred from Geisel to Dartmouth-Hitchcock on July 1, 2016. The table below summarizes the $53,458,498 restructuring expense reported on Part IX, Line 24a: Faculty and Staff termination benefits $14,392,669 Financial support $18,272,798 Occupancy, research administration and other services $17,461,000 Consulting $ 3,332,031 Additional details of the restructuring expenses may be found in the footnotes to the audited consolidated financial statements. Form 990, Part VI, Section B, line 11 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 Compensation Committee. The 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 enforced and monitored by the Office of the General Counsel, which reviews information concerning potential conflicts solicited from approximately 350 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 enforce and 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 Compensation Committee of the Board, together with the comparability data. (4) Comparability data for the President's compensation is also presented to the 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 IX, Line 24c - Net Loss on Extinguishment of Debt In April 2016, Dartmouth issued New Hampshire Health and Education Facilities Authority (NHHEFA) Revenue Bonds Dartmouth College Issue, Series 2016A in the amount of $165,000,000. The primary purpose of this issue was to refinance $146,075,000 of the NHHEFA Series 2009 Bonds. Future interest payments due to bondholders of $19,371,449, net of $2,593,760 unamortized issuance costs, totaling $16,777,689 is included in Loss on Extinguishment of Debt in Part IX, Line 24c. In addition, in April 2016, Dartmouth redeemed $100,000,000 of the Series 2009 taxable bonds and incurred a $14,953,874 make-whole call premium on the early redemption, which is also included in Loss on Extinguishment of Debt in Part IX, Line 24c. Form 990, Part XI, line 9: Net unrealized change in value of non-investment items 33,234,708. Net change in split-interest agreements -1,553,637. Rounding -3. 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 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 0 99 Trustees of Dartmouth College TuckDEN Ventures Management LLC 100 Tuck Hall Hanover NH 03755 475535191 Investments NH 0 99 Trustees of Dartmouth College Dartmouth Educational Loan Corporation 7 Lebanon St Suite 302 Hanover NH 03755 020362923 Educational Loans NH 501(c)(3) Line 11a, 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 11a, 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 11c, 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 11a, I N/A 0 Northaven Capital Partners LP 275 Madison Ave 6th Floor New York NY 10016 205997852 Real Estate Investment NY N/A Related 14233774 1987526 0 0 0.43080 RP Realty Partners Retail Entrepreneurial Fund III-B LP 990 W 8th St Ste 600 Los Angeles CA 90071 261340426 Real Estate Investment CA N/A Related 1868446 0 0 0.99990 Sarofim Multifamily Partners II LP 8115 Preston Rd Suite 400 Dallas TX 75225 208782507 Real Estate Investment TX N/A Related -331129 -1550813 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 Charitable Remainder Unitrusts (87) Fundraising/Development NH Trustees of Dartmouth College T 0 Pooled Income Funds (3) Fundraising/Development NH Trustees of Dartmouth College T 0 1 0 0 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 1137882 Cost Dartmouth Educational Loan Corporation L 264024 Cost Dartmouth Educational Loan Corporation Q 153548 Cost Foundation for Jewish Life at Dartmouth L 77016 Cost Foundation for Jewish Life at Dartmouth S 67748 Cost Foundation for Jewish Life at Dartmouth R 167497 Cost Seven Lebanon Street Inc K 1334633 Cost Seven Lebanon Street Inc S 524000 Cost Seven Lebanon Street Inc L 103089 Cost South Street Downtown Holdings Inc L 178806 Cost South Street Downtown Holdings Inc K 151502 Cost South Street Downtown Holdings Inc S 1686000 Cost Centerra Marketplace Inc S 515000 Cost Northaven Capital Partners S 17886000 Cost RP Realty Partners Retail Entrepreneurial Fund III-B LP S 7681081 Cost Sarofim Multifamily Partners II LP S 1000000 Cost Charitable Remainder Trusts(8) S 4483213 Cost Dartmouth College Trust S 195634 Cost Part IV, Charitable Remainder Trusts and Pooled Income Funds Dartmouth College controls a total of 87 Charitable Remainder Trusts and 3 Pooled Income Funds, all domiciled in the State of New Hampshire.