2015-05-12T17:57:06-07:00 2014-06-30 990 2013-07-01 520591613 GOUCHER COLLEGE GOUC 4103376000 1021 Dulaney Valley Road Baltimore MD 21204 Tammi Jackson VP for Finance and Administration 4103376000 2015-05-13 2013 2016-02-25 16:41:14Z Jose Antonio Bowen 1021 Dulaney Valley Road Baltimore MD 21204 120286886 0 X www.goucher.edu X 1885 MD Goucher College is dedicated to a liberal arts education that prepares students within a broad, humane perspective for a life of inquiry, creativity, and critical and analytical thinking. 46 45 1984 1103 724518 0 14117887 9416871 71026495 74203562 16923916 9880203 2190499 2277859 104258797 95778495 24114479 26540134 0 0 39096179 40413504 0 0 2868384 28116481 32165800 91327139 99119438 12931658 -3340943 363544570 394186379 99144383 103000264 264400187 291186115 Goucher College is dedicated to a liberal arts education that prepares students within a broad, humane perspective for a life of inquiry, creativity, and critical and analytical thinking. 0 0 72017341 25650642 67621510 The college provided an undergraduate Arts and Sciences education to 1,449 students. 5925047 889492 5930412 The college provided a graduate education to 662 students. 633654 0 651640 The college provided credit and non-credit continuing studies course work for 477 participants. 679768 0 389751 The college provides summer programming to a variety of constituencies. 679768 0 389751 79255810 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 3810 0 1 1984 1 1 1 1 BD 0 0 0 1 1 0 0 0 0 X 46 45 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK FL MA MI NJ NY OH OK OR WA X Ronald Alex Antkowiak 4103376060 1021 Dulaney Valley Road Baltimore MD 21204 Kimara Leigh Ahnert - Class of 91 Trustee 1 0 X 0 0 0 Bruce D Alexander Trustee Emeritus 0 0 X 0 0 0 Patricia K Batza-Class of 91 Trustee 2.00 0 X 0 0 0 David I Bavar Trustee 2.00 0 X 0 0 0 Ethel Weber Berney - Class of 46 Trustee Emerita 2.00 0 X 0 0 0 John M Bond Jr Trustee 3.00 0 X 0 0 0 Winifred Cohn Borden-Class of 66 Trustee Emerita 1 0 X 0 0 0 Robert R Bowie Jr Trustee 2.00 0 X 0 0 0 Edward F Brennan-Class of 07 Parent Trustee 2.00 0 X 0 0 0 Melinda J Burdette-Class of 72 Trustee 2.00 0 X 0 0 0 Suzanne Fineman Cohen-Class of 56 Trustee Emerita 1 0 X 0 0 0 William Couper-Class of 03 Parent Trustee 3.00 0 X 0 0 0 Lynn Toby Fisher-Class of 71 Trustee 3 0 X 0 0 0 Hilda E Ford Trustee Emerita 1 0 X 0 0 0 Norma Lynn Fox-Class of 76 Trustee 8.00 0 X 0 0 0 Elaine K Freeman Trustee 2.00 0 X 0 0 0 Ronald E Geesey Trustee Emeritus 1 0 X 0 0 0 Jon Gould-Class of 2013 Trustee 2.00 0 X 0 0 0 Ann Burgunder Greif-Class of 39 Trustee Emerita 1 0 X 0 0 0 Alice Falvey Greif-Class of 51 Trustee 1 0 X 0 0 0 Edmund F Haile Trustee Emeritus 1 0 X 0 0 0 Carla Diane Hayden Trustee 1 0 X 0 0 0 Sally M Herman-Class of 68 Trustee 3.00 0 X 0 0 0 Linda Himmelberger Class of 74 Trustee 2.00 0 X 0 0 0 Fern Karesh Hurst-Class of 68 Trustee Emerita 1 0 X 0 0 0 Miriam Brown Hutchins-Class of 73 Trustee 2.00 0 X 0 0 0 Mary Bloom Hyman-Class of 71 Trustee Emerita 2.00 0 X 0 0 0 Kathryn Allamong Jacob Class of 72 Trustee 2.00 0 X 0 0 0 Miriam E Katowitz-Class of 73 Trustee 3.00 0 X 0 0 0 Steven Michael Klepper-Class of 97 Trustee 2 0 X 0 0 0 Dorothy B Krug-Class of 41 Trustee Emerita 1 0 X 0 0 0 Florence Beck Kurdle-Class of 61 Trustee 6.00 0 X 0 0 0 Ruth Shapiro Lenrow-Class of 74 Trustee 3.00 0 X 0 0 0 David Richard Loevner Trustee Emeritus 1 0 X 0 0 0 Nancy Helen Marcus-Class of 72 Trustee 2.00 0 X 0 0 0 Sally J Michel-Class of 60 Trustee 1 0 X 0 0 0 Michiko Yoshida Mitarai-Class of 66 Trustee 2.00 0 X 0 0 0 Percy Thomas Moore-Class of 95 Trustee 2.00 0 X 0 0 0 Thomas O Nuttle Trustee Emeritus 1 0 X 0 0 0 Paul Powell-Class of 2003 Trustee 2.00 0 X 0 0 0 Robert J Proutt Trustee 3.00 0.00 X 0 0 0 William E Pugh II-Class of 94 Trustee 3.00 0 X 0 0 0 Anica Donnan Rawnsley-Class of 51 Trustee Emerita 0 0 X 0 0 0 Russell R Reno Jr Trustee Emeritus 2.00 0 X 0 0 0 Maria Amelia Rodriguez-Class of 49 Trustee 1 0 X 0 0 0 Henry A Rosenberg Jr Trustee Emeritus 1 0 X 0 0 0 Ralph Segall Trustee 2 0 X 0 0 0 Lisa Pagliaro Selz Class of 73 Trustee 2.00 0 X 0 0 0 Robin Fogel Shaivitz-Class of 72 Trustee 2.00 0 X 0 0 0 SaraKay Sherman Smullens-Classof62 Trustee 2.00 0 X 0 0 0 Elizabeth Sullivan Class of 2011 Trustee 2.00 0 X 0 0 0 J Richard Thomas Sr Trustee Emeritus 0 0 X 0 0 0 George E Thomsen Trustee 3.00 0 X 0 0 0 Betsy Leebron Tutelman-Class of 74 Trustee 2.00 0 X 0 0 0 Theodore Venetoulis Trustee 2.00 0 X 0 0 0 Stacy Brown Vermylen Class of 73 Trustee 2.00 0 X 0 0 0 Marilyn Southard Warshawsky-Class68 Trustee 4 0 X 0 0 0 Jenna C Way Class of 12 Trustee 2.00 0 X 0 0 0 Toby Wertheim-Class of 68 Trustee 3.00 0 X 0 0 0 Wendy S White Class of 72 Trustee 2.00 0 X 0 0 0 Jerrian Myers Wilson Class of 62 Trustee 2.00 0 X 0 0 0 Margaret Messler Winslow-Classof69 Trustee 3 0 X 0 0 0 Toni Perlman Young-Class of 67 Trustee Emerita 1 0 X 0 0 0 Sanford J Ungar President 40 0 X 444343 0 69438 W Thomas Phizacklea Vice President for Finance 40 0 X 187576 0 23115 Marc Roy Provost 40 0 X 187295 0 21232 Laura Burton-Graham Executive Vice President and Legal Counsel 40 0 X 157342 0 17409 William Leimbach Vice President for Information Technology and Planning 40 0 X 157009 0 8812 Margaret-Ann Radford-Wedemeyer Vice President for Development and Alumni Affairs 40 0 X 137806 0 17950 Barbara Stob General Counsel 40 0 X 132054 0 16148 Michael O'Leary Vice President for Enrollment 40 0 X 136007 0 12118 Janet Shambaugh Faculty 40 0 X 272971 0 24772 George Delahunty Faculty 40 0 X 127315 0 12800 1939718 0 223794 37 0 1 0 The Whiting-Turner Contracting Company 14900 Conference Center Drive Chantilly VA 20151 General contracting services 14905400 Bon Appetit Management Co 1021 Dulaney Valley Road Baltimore MD 21204 Food service provider 4327068 World Learning Inc Kipling Road PO Box 676 Brattleboro VT 05302 Educational services - study abroad 263500 Ron Ruff Roofing Inc 5520 Southwestern Boulevarde Baltimore MD 21227 Contracting services 248905 The Center for Cross-Cultural Study Inc 446 Main Street Amherst MA 01002 Educational services - study abroad 193667 20 0 0 0 0 2034100 7382771 2507402 9416871 Undergraduate tuition room and board 611310 67621510 67621510 0 0 Graduate tuition room and board 611310 5930412 5930412 0 0 Continuing professional education 611310 651640 651640 0 0 0 0 0 0 74203562 2534216 0 0 2534216 0 0 0 0 0 0 0 0 24312 0 8451 0 15861 0 15861 0 0 15861 24800000 7045927 20430284 4069656 4369716 2976271 7345987 0 0 7345987 0 2261998 1537480 724518 0 2261998 95778495 75741042 724518 9896064 0 26540134 26540134 1133500 229044 740757 163699 0 0 0 0 32114079 23747517 6897549 1469013 1376579 1017944 295665 62970 3544532 2624465 761196 158871 2244814 1659981 482147 102686 0 0 0 0 68498 22514 44223 1761 103000 0 103000 0 12413 0 12413 0 0 0 2145879 0 2145879 0 1522477 881221 476308 164948 320216 215683 48755 55778 3133129 2066401 1003830 62898 873392 211101 656480 5811 0 0 0 0 3602975 2385174 1217801 0 1823248 1681729 18492 123027 0 0 0 0 462998 429772 24487 8739 3675601 3629674 45927 0 0 0 0 7538875 5880322 1281609 376944 447478 0 447478 0 Food Service Costs 4114980 4114980 0 0 Semester abroad expense 1591964 1591964 0 0 Miscellaneous - Food 450960 271227 85486 94247 Other - administrative 277717 54963 205762 16992 99119438 79255810 16995244 2868384 9912285 15570652 0 0 1971480 1446384 4288618 1273856 0 0 0 0 2221795 2355005 0 0 1108668 897483 220605205 86063717 134726420 134541488 143517210 167766924 55491181 58978738 494898 477302 0 0 9812015 10878547 363544570 394186379 8021857 6321490 0 0 3602584 3001952 74382828 80598393 0 0 0 0 13137114 13078429 99144383 103000264 X 89218072 100668577 94515512 107216217 80666603 83301321 264400187 291186115 363544570 394186379 X -3340943 29538374 0 0 0 588497 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 1467 0 1 10946 12413 0 Schedule C, Part II-B, Line 1 Members of Goucher's senior staff and a select number of students participated in the annual Independent Higher Education Day on February 18, 2014. The event was sponsored by the Maryland Independent College and University Association (MICUA), of which Goucher is a member, and brought college students and administrators from across the state to Maryland's capital for a briefing and visits with elected officials. In addition, members of Goucher's staff spent seven hours meeting with elected officials on behalf of the college. The associated compensation for these activities will be reported on lines 1c through 1i. The organization paid membership dues of $6,987 to the National Association of Independent Colleges and Universities (NAICU) and $65,356 to the Maryland Independent Colleges and Universities Association (MICUA), both of which engage in lobbying activity. NAICU set aside 7 percent of the dues paid to engage in nondeductible lobbying and political expenditures. MICUA set aside 16 percent of the dues paid to engage in nondeductible lobbying and political expenditures. Accordingly, the college has reported an amount equal to 6 percent of the NAICU dues and 16 percent of the MICUA dues paid on line 1i. 0 0 X X X X X Education 0 197497000 3282000 35836000 2893000 6163000 0 227559000 183717000 4914000 17709000 2872000 5971000 0 197497000 188336000 3829000 788000 2889000 6347000 0 183717000 158375000 2071000 38229000 3410000 6929000 0 188336000 149443000 3471000 15739000 3241000 7037000 0 158375000 0.223 0.343 0.434 1 0 0 11369975 11369975 0 176434763 56565020 119869743 0 0 0 0 0 32722136 29498697 3223439 0 78331 0 78331 134541488 29955455 F 29023283 F 58978738 0 Other long-term liabilities 787807 Refundable advances from the US government 2471448 Payables and deferred revenues under split interest agreements 1201133 Asset retirement obligation 2437449 Obligation under interest rate swap agreement 6180592 13078429 X 67041831 0 0 0 8901803 8901803 58140028 0 37638467 37638467 95778495 69081859 0 0 0 0 0 69081859 2145879 27891700 30037579 99119438 Schedule D, Part III, Line 1 The college did not disclose its collection and related policies in the financial statements. Schedule D, Part III, Line 4 The Goucher College art collection comprises works of fine art and decorative art, including two-dimensional and three-dimensional art objects and miscellaneous objects of value, which are owned by the college and are housed in buildings on the campus grounds of Goucher College, or are loaned by the college to other institutions. The collection includes sculptures, prints, photographs, drawings, paintings, and other artistic objects. The collection is used for scholarly research, education, and public exhibition in the furtherance of the exempt purposes of the college. Schedule D, Part V, Line 4 The endowment of Goucher College generates income to support the college both generally and in specific ways designated by our generous donors. Income, allocated across approximately 700 endowment funds, supports both merit and need-based scholarships of undergraduate and graduate students; undergraduate and graduate fellowships; undergraduate and graduate internships; lectureships; the library; as well as the college's general operating budget. Schedule D, Part X, Line 2 The college is qualified as a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code, as amended. Accordingly, the College is not subject to income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. No provision for income taxes was required for 2013 or 2012. Management has analyzed the tax positions taken by the College, and has concluded that as of June 30, 2013 and 2012 there are no uncertain positions taken or expected to be taken that would require recognition or disclosure in the accompanying financial statements. The College is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress. Schedule D, Part XI, Line 2d Gross revenues in the audited financial statements includes $8,901,803 of endowment assets appropriated for expenditure not included in Part IX of Form 990 (Revenues). Schedule D, Part XI, Line 4b $26,218,887 of tuition discount reported as a contra-revenue in the audited financial statements was moved to the statement of functional expense; $7,345,987 of realized gains on investments and $2,392,325 of investment income was not reported in total revenues, gains, and support but was recorded in other changes in net assets; $78,895 of contra-expense items were reclassed to revenues in the 990; and $10,409 of contra-revenue items were reclassed to expenses in the 990. Schedule D, Part XII, Line 4b $26,218,887 of tuition discount reported as a contra-revenue in the audited financial statements was moved to the statement of functional expenses; $1,591,964 of semester abroad expense reported as a contra-revenue in the audited statements was moved to the statement of functional expense; and $80,849 of contra-expense items were reclassed to revenues in the 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The racially nondiscriminatory policy is published in the college's academic catalogue, student handbook, and on the website. Schedule E, Part I, Line 6 The college participates in the following federal programs which provide financial aid to undergraduate and graduate students: Pell Grant Program, Supplemental Educational Opportunity (SEOG) Program, Federal Work Study Program, National Science and Math Access to Retain Talent Grant Program, Academic Competitive Grant Program, and the Perkins Loan Program. The college also receives grants from the Maryland State Department of Education, Maryland Higher Education Commission, and the Maryland Department of General Services. In addition, the college was awarded sponsored research and other project grants by the U.S. Department of General Services, the U.S. Department of Housing and Urban Development, the National Science Foundation, National Institutes of Health, NASA, and the U.S. Department of Education. Central America and the Caribbean 0 0 Program Services Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. 74060 East Asia and the Pacific 0 0 Program Services Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. 82185 Europe (including Iceland and Greenland) 0 0 Program Services Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. 625718 Middle East and North Africa 0 0 Program Services Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. 12330 South America 0 0 Program Services Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. 38739 Sub-Saharan Africa 0 0 Program Services Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. 15563 Central America and the Caribbean 0 0 Investments 11949855 0 0 12798450 1 0 1 1 1 0 Schedule F, Part IV, Line 1 Although the college, through its investments in various alternative asset strategies, has transferred property to a foreign company during the tax year, the amount transferred to a single foreign company or percentage owned was below reporting requirement. As such, the college was not required to file Form 926. Schedule F, Part IV, Line 3 Although the college, through its investments in various alternative asset strategies, has interests in foreign corporations, the college's interest in any single foreign corporation was less than a 10 percent interest. As such, the college is not required to file Form 5471. Schedule F, Part IV, Line 4 The college, by virtue of its investments in various alternative asset strategies and common collective trusts, was a direct or indirect shareholder of a passive foreign investment company or qualifying electing fund. In these cases, the investment manager filed Form 8621 on its investors' behalf. Consequently, the college is not required to file Form 8621. Schedule F, Part IV, Line 5 The college, by virtue of its investment in certain alternative assets, had ownership in foreign partnerships. However, in all cases, the college owned less than 10 percent of a foreign partnership and it did not directly or indirectly transfer greater than $100,000 to a foreign partnership. The 10 percent or $100,000 thresholds minimums for filing were not met. 1 Undergraduate and graduate student grants and scholarships made by the institution 2793 1920912 24619222 Cash value Tuition credits Prizes, awards, internships, and fellowships 211 268807 0 Cash value Schedule I, Part I, Line 2 Goucher College's grant funds are limited to need-based and merit-based financial assistance for attendance at the college. Goucher College's comprehensive program of need-based and merit-based financial assistance is managed by the Office of Student Financial Aid. As a member of the College Board and in keeping with the principles and practices of the College Scholarship Service, financial aid is awarded to properly qualified candidates on the basis of the financial need of students and their families. Financial need is determined by subtracting the Expected Family Contribution - as calculated on the Free Application for Federal Student Aid (FAFSA) and the Profile Form of the College Scholarship Service - from the student's total cost of attendance. Financial aid is awarded for one year only and must be renewed annually. Need-based aid is renewed to continuing students who demonstrate need and who are making satisfactory progress toward their degrees. Institutional merit-based scholarship requirements vary depending on the award. Compliance with those requirements are also overseen by the Office of Student Financial Aid. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Sanford J Ungar President 351756 0 0 0 119311 0 38761 0 3232 0 513060 0 93119 0 W Thomas Phizacklea Vice President for Finance 191020 0 0 0 3234 0 10741 0 12374 0 217369 0 0 0 Marc Roy Provost 194819 0 0 0 1428 0 10971 0 10261 0 217479 0 0 0 Laura Burton-Graham Executive Vice President and Legal Counsel 164465 0 0 0 1775 0 9261 0 8148 0 183649 0 0 0 William Leimbach Vice President for Information Technology and Planning 155919 0 0 0 1367 0 8780 0 31 0 166097 0 0 0 Janet Shambaugh Faculty 69207 0 0 0 204085 0 21540 0 3232 0 298064 0 0 0 Schedule J, Part I, Line 1a A residence and a personal automobile, along with limited personal services, are provided for the convenience of the president of the college. Personal use of the automobile is included in the president's taxable income as reported on the W-2. From time-to-time, the college paid for transportation services for the president's spouse to attend on-campus events. The college also pays membership dues for a social club used by the president. Schedule J, Part I, Line 4 Distribution from a 457(f) non-qualified plan established for the benefit of the college's president occurred during the calendar year. Schedule J, Part II Line 6, Column B (iii) - Voluntary Faculty Early Retirement Participant A Maryland Health and Higher Educational Facilities Authority 520936091 574218KW2 2012-08-30 22315289 Refund Series 2004 Revenue Bonds originally issued 8/18/2004. 0 0 0 B Maryland Health and Higher Educational Facilities Authority 520936091 2012-09-26 52070000 Refund Series 1995, 1997, 1999, 2001 and 2007 Bonds 0 0 0 C Maryland Health and Higher Educational Facilities Authority 520936091 2012-10-18 15000000 Renovations to the Institution's former library and existing building structures. 0 0 0 A 0 0 22315289 469475 0 0 87289 0 0 0 0 0 2005 0 1 1 1 B 1690000 0 52070000 0 0 0 173610 0 0 0 0 0 2009 1 0 1 1 C 0 0 15000000 0 0 0 58203 0 0 0 0 798 2013 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 1 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I, Column f-09/26/2012 52,070,000 Maryland Health and Higher Educational Facilities Refunds Series 1995 Bonds (originally issued on 6/15/95); Series 1997 Bonds (originally issued on 9/2/97); Series 1999 Bonds (originally issued on 9/23/99); Series 2001 Bonds (originally issued on 10/1/01); and Series 2007 Bonds (originally issued on 10/31/07). Schedule K, Part III, Line 3a-08/30/2012 22,315,289 Maryland Health and Higher Educational Facilitie The institution allocated equity to finance the cafe portion of the constructed facilities. Therefore, any management or service contracts related to the operation of the facility's cafe do not give rise to private business use since this space was not financed with proceeds of the Bonds. Joan Wilterdink Spouse of Key Employee 22155 Teaching wages 0 X 85 1735101 FMV at date of gift X Pledge 671 651879 Pledge Amount X Gift Annuities 5 120422 NRV at date of gift X Horses 6 0 Policy 6 0 1 0 Schedule M, Part I, Line 33 The college received gifts of horses for use in its equestrian program. Revenue is not recognized for these gifts. Form 990, Part VI, Section B, Line 11b After review by the Audit and Governance Committee, the Form 990, excluding Schedule B (Contributor Information), and Form 990T were distributed electronically to the Board of Trustees on April 15, 2015 for a period of review and comment lasting 7 days. Due to the sensitive nature of the information contained therein, Schedule B was made available only to members of the Audit and Governance Committee and Executive Committee upon request. At the conclusion of the periods of comment and review, a meeting of the Audit and Governance Committee of the Board of Trustees was convened to review and revise (if necessary) the Forms 990 and 990T prior to recommending it for approval to the Executive Committee. The forms were approved for filing by the Executive Committee of the Board of Trustees on May 5, 2015. Form 990, Part VI, Section B, Line 12c Every trustee, officer, and key employee is provided a copy of the Conflict of Interest Policy each spring, and required to complete an annual disclosure form reporting any actual or potential conflicts of interest. General Counsel of the college reviews the disclosure forms and reports any disclosures to the Audit & Governance Committee of the Board of Trustees. Committee members then determine what, if any, action should be taken as to each disclosure, and such actions are implemented by the General Counsel. The policy directs the Committee to review and update the list of key employees, and the policy itself is reviewed on a regular basis and revised as necessary. Form 990, Part VI, Section B, Line 15 Early each fall the College President distributes to the Board of Trustees the President's Goals and Objectives ("Goals and Objectives") for the current year. Each spring Goucher receives data from the College and University Professional Association (CUPA) on compensation at comparable institutions, including Goucher's peer group, other local colleges, and prospective overlap institutions. The Human Resources Director prepares these figures for review by the College President and by the Compensation Committee of the Board. In addition, each spring the Chair of the Board asks Board members to supply the Board Chair or the Chair of the Compensation Committee with any comments a Board member may have on the President's performance with respect to the President's Goals and Objectives. After reviewing all of these materials, the Compensation Committee meets with the President to review compensation recommendations for Senior Staff and evaluate the President's performance. The Compensation Committee's role with respect to compensation for Senior Staff is to determine whether any recommendation from the President includes excess benefits. The Compensation Committee then reviews with the President the President's performance with respect to Goals and Objectives, and then meets in executive session to determine its recommendation. The Compensation Committee Chair provides the General Counsel of the College with a confidential report of the deliberations of the Compensation Committee and the Executive Committee and of the Executive Committee's action. This report includes the CUPA comparability data on which the final determinations were based. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and audited financial statements are available to the public upon request. Most college policies and the audited financial statements are also available to the public on the college website, www.goucher.edu. Form 990, Part XI, Line 9 $588,497 of the other increase in net assets was attributable to a decrease in the value of the college's interest rate swap agreements. Pooled Income Fund (2) 1021 Dulaney Valley Road Baltimore MD 21204 Annuity MD N/A T 0 Charitable Remainder Unitrust (5) 1021 Dulaney Valley Road Baltimore MD 21204 Annuity MD N/A T 0 Charitable Remainder Unitrust (1) 1021 Dulaney Valley Road Baltimore MD 21204 Annuity FL N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Schedule R, Part V, Line 1s Cash received from Trust at termination of Trust. Amount : 430,750