2014-05-12T03:40:17-00:00 2013-06-30 KPMG LLP 755 Main Street Hartford CT 06103 990 2012-07-01 042103558 College of the Holy Cross COLL 5087932514 1 College Street Worcester MA 016102395 Michael J Lochhead 2014-05-15 false Mary-Evelyn Antonetti 8602976085 2014-05-12 2012 2015-11-30 17:44:51Z Philip Boroughs SJ 1 College Street Worcester MA 016102395 427848793 false X holycross.edu X MA Holy Cross is a private, Jesuit liberal arts college dedicated to the pursuit of excellence in teaching, learning, service of faith and promotion of justice. 39 36 3286 250 1614831 29655695 25142412 159929659 167501245 27660521 20302677 180791 201992 217426666 213148326 41946402 46190292 0 88874169 94543355 0 6876649 59051143 60499708 189871714 201233355 27554952 11914971 870449505 918104794 214592529 194450144 655856976 723654650 X THE COLLEGE IS DEDICATED TO FORMING A COMMUNITY WHICH SUPPORTS THE INTELLECTUAL GROWTH OF ALL ITS MEMBERS WHILE OFFERING OPPORTUNITIES FOR SPIRITUAL AND MORAL DEVELOPMENT. SEE SCH O. false false 178324442 46190292 166757521 THE COLLEGE WAS A COMMUNITY OF 2,891 FULL TIME STUDENTS IN 2013. THE STUDENT POPULATION IS 49 MEN AND 51 WOMEN FOR THE CLASS OF 2017. IN 2013 THERE WERE 704 INDIVIDUALS WHO COMPLETED THEIR MATRICULATION AND RECEIVED AN A.B. DEGREE. FINANCIAL ASSISTANCE WAS PROVIDED TO 61 OF STUDENTS. THE COLLEGE ADMITS QUALIFIED STUDENTS BASED ON THEIR APPLICATION, HIGH SCHOOL REPORT, AND TEACHER REFERENCES. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, AGE OR HANDICAP IN ITS EDUCATIONAL, ADMISSIONS OR FINANCIAL AID POLICIES OR PROGRAMS. SEE SCH O. 887445 887445 BASIC RESEARCH IN CHEMISTRY, PHYSICS, PSYCHOLOGY AND BIOLOGY. THE MAJORITY OF THE RESEARCH IS FUNDED BY PRIVATE GRANTS FROM FOUNDATIONS AND THE BALANCE OF THE FUNDING IS PROVIDED BY THE U.S. GOVERNMENT. SEE SCH O. 179211887 true true false true false false true true true true true true false false true true true false true true true false true false true false false true true true true false false false false false false false true false true true true false false true true true true false false true 4429 0 true 3286 true true true true GK false false false true true false false false false X 39 36 false false false false false false false true true false false true true true true true true true true true false NH MA CA X Charles F Estaphan 5087932514 1 College Street Worcester MA 016102395 Philip L Boroughs SJ 045.00 X X 0 0 0 Kevin T FitzGerald 005.00 X 0 0 0 Ronald Amiot SJ 005.00 X 0 0 0 Robert Atchinson 005.00 X 0 0 0 Susan F Feitelberg 005.00 X 0 0 0 Ann M Fink 005.00 X 0 0 0 Thomas H Carey 005.00 X 0 0 0 Mark S Massa SJ 005.00 X 0 0 0 Michael E Daniels 005.00 X 0 0 0 William M Doran Jr 005.00 X 0 0 0 Robert S Morrison 005.00 X 0 0 0 James J Collins 005.00 X 0 0 0 John B Fisher 005.00 X 0 0 0 Maria Eugenia Ferre Rangel 005.00 X 0 0 0 Joan Hogan Gillman 005.00 X 0 0 0 David J Grain 005.00 X 0 0 0 Susan Power Curtin 005.00 X 0 0 0 Mark G Holowesko 005.00 X 0 0 0 Kathleen McLaughlin LaCroix 005.00 X 0 0 0 P Kevin Condron 005.00 X 0 0 0 Brian F Linnane SJ 005.00 X 0 0 0 Edward J Ludwig 005.00 X 0 0 0 John E Luth 005.00 X 0 0 0 John J Mahoney Jr 005.00 X 0 0 0 Peter Spadoni 005.00 X 0 0 0 William J Teuber 005.00 X 0 0 0 Bernadette M Semple 005.00 X 0 0 0 Richard H Patterson 005.00 X X 0 0 0 Park B Smith 005.00 X 0 0 0 David A Spina 005.00 X 0 0 0 Nancy M Taylor 005.00 X 0 0 0 Donna M Winn 005.00 X 0 0 0 Mary Murphy Westover 005.00 X 0 0 0 John Baldovin SJ 005.00 X 0 0 0 Michael Greene 005.00 X 0 0 0 Priscilla Lam 005.00 X 0 0 0 James F Mooney 005.00 X 0 0 0 Robert F Moriarty 005.00 X 0 0 0 James G Gartland SJ 005.00 X 0 0 0 Michael Lochhead 045.00 X 291489 0 58206 Jacqueline Peterson 045.00 X 176227 0 42411 Frank Vellaccio 045.00 X 270109 0 92593 Timothy Mines through 6302012 045.00 X 176804 0 13916 Timothy Austin 045.00 X 239146 0 26784 Timothy Jarry 045.00 X 267774 0 51228 Dorothy Hauver 045.00 X 168000 0 36684 Paul Harman SJ 045.00 X 0 0 0 Margaret Freije 045.00 X 148087 0 82733 Tracy Barlok 045.00 X 162808 0 22437 Vincent O'Rourke 122013-present 045.00 X 0 0 0 Richard Regan Jr 045.00 X 197766 0 43940 Thomas Gilmore 040.00 X 357603 0 48731 Ambroise Kom 040.00 X 262161 0 16328 Milan Brown 040.00 X 348657 0 51228 William Gibbons 040.00 X 180765 0 46718 Alan Avery-Peck 040.00 X 187785 0 24777 Sean Kearney 040.00 X 255660 0 22316 3690841 681030 107 true true false Sasaki Associates Inc 64 Pleasant Street Watertown MA 02472 Architect 501192 Fox Bus Lines Inc 3 Silver Fox Drive Millbury MA 01527 Transportation Services 417132 Ebsco Information Services Post Office Box 1943 Birmingham AL 35207 Information Svcs Mgmt 350696 KPMG LLP Two Financial Center 60 South St Boston MA 02111 Audit and Tax Services 260510 Lamoureux Pagano Assoc Inc 108 Grove St Worcester MA 01605 Architect 316322 15 341612 3764623 21036177 2831796 25142412 Tuition and fees 611600 126605298 126605298 Room and board 611710 28886661 28886661 Sales of auxiliary services 722320 5233874 1543063 3690811 Athletics 611710 1849626 1849626 Grants and student aid revenue 611710 2490259 2490259 2435527 2435527 167501245 7789992 63255 7726737 172952 172952 172952 172952 227015000 214502315 12512685 12512685 12512685 74958 341612 198152 -123194 -123194 152234 143721 8513 152234 213148326 162411092 1614831 23979991 362391 362391 44255156 44255156 1572745 1572745 0 3751958 1373634 1767458 610866 0 64833871 56135448 5825160 2873263 7347517 6150468 838603 358446 13859748 12068594 1105827 685327 4750261 3976354 542167 231740 0 568898 2461 553411 13026 260510 260510 0 1275465 1275465 3741023 1901271 1549749 290003 100370 66549 32317 1504 7826294 5874144 838278 1113872 1946473 1882890 136303 -72720 0 7764155 6982241 672169 109745 3722600 3290150 270604 161846 0 600471 475177 100933 24361 6673897 6023837 650060 0 13339828 11737841 1601987 840032 44671 775612 19749 Study abroad program 4477233 4477233 Food and functions 4738591 3854334 440143 444114 Guarantees 37142 37142 Bad Debt 47413 372764 -325641 290 2539313 6294392 -3766296 11217 201233355 179211887 15144819 6876649 12265 17225 40573044 44370988 13311931 12562262 557089 269336 7023285 7238713 566669 582465 2183761 5627844 412851278 207023816 208182646 205827462 189980282 216891400 408051280 424717099 7253 870449505 918104794 29966986 21044641 4613523 4657777 156914772 151059289 1062055 873335 22035193 16815102 214592529 194450144 X 325311694 366087499 172382402 192616517 158162880 164950634 655856976 723654650 870449505 918104794 X 11914971 38202396 17680307 X false X true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1500000 902 902 902 902 II-A DURING THE YEAR THE COLLEGE DID NOT ENGAGE IN ANY LOBBYING TO INFLUENCE A LEGISLATIVE BODY. THE COLLEGE HAS AN EMPLOYEE THAT IS A REGISTERED LOBBYIST WHO DID NOT PARTICIPATE IN ANY LOBBYING ACTIVITY DURING THE YEAR ENDED JUNE 30, 2013. II-A THE COLLEGE PAYS DUES TO SOME EDUCATIONAL ASSOCIATIONS. A PORTION OF THESE DUES MAY OR MAY NOT BE ATTRIBUTABLE TO LOBBYING ON BEHALF OF THE ASSOCIATIONS MEMBERS. THE COLLEGE IS UNABLE TO DETERMINE WHAT PORTION OF THESE DUES, IF ANY, IS RELATED TO LOBBYING. X 1 true 19000 852905 X X X false false true 589769388 13139372 57900198 5726411 16737983 3432360 634912204 607712688 6853564 -831072 5509500 15738086 2718206 589769388 522493344 8654234 100650889 5436053 16230869 2418857 607712688 492679761 4789778 48461840 4669581 16081612 2686842 522493344 617249034 15989246 -116117375 5141085 15739660 3560399 492679761 0.49000 0.25000 0.26000 false false 3778759 3778759 311998174 149491826 169124020 55144146 47617262 10447261 41930199 19989331 22477422 205827462 Financial derivatives and other financial products Closely-held equity interests Hedge funds 251657573 F Private equity 101556181 F Real assets 63687761 F Other investments 1119291 F Planned Gift 6696293 F 424717099 Federal income taxes Interest Rate Swap 8355682 Refundable Advances 5024875 Annuity Obligations 3434545 16815102 X 223352548 38202396 20765833 58968229 164384319 2155441 46608566 48764007 213148326 155540642 3062780 3062780 152477862 2155441 46600052 48755493 201233355 II 9 THE COLLEGE HAS NOT RECEIVED ANY GIFT OF PROPERTY SUBJECT TO A CONSERVATION EASEMENT AND THEREFORE DOES NOT REPORT A CONSERVATION EASEMENT IN ITS REVENUE AND EXPENSE STATEMENT OR BALANCE SHEET. TWO OF THE COLLEGES BUILDINGS THAT ARE USED FOR ACADEMIC AND ADMINISTRATIVE PURPOSES WERE BUILT IN THE LATE 1800S AND ARE INCLUDED ON THE HISTORIC REGISTER. THESE BUILDINGS ARE THEREFORE SUBJECT TO RESTRICTIONS REGARDING THEIR PRESERVATION. THE COLLEGES POLICY IS TO MAINTAIN ALL CAMPUS PROPERTY IN A GOOD AND SOUND STATE OF REPAIR, AT A LEVEL SO AS TO PREVENT DETERIORATION AND PRESERVE THE ARCHITECTURAL AND HISTORICAL INTEGRITY OF CAMPUS BUILDINGS AND GROUNDS IN WAYS THAT MAKE THE CAMPUS ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES. III 4 THROUGH BOTH CONTEMPORARY AND HISTORICAL EXHIBITIONS, THE IRIS AND B. GERALD CANTOR ART GALLERY AT HOLY CROSS EDUCATES THE COLLEGE AND WORCESTER COMMUNITIES ABOUT THE FUNDAMENTAL INTELLECTUAL, CULTURAL, SPIRITUAL, AND AESTHETIC ISSUES ENCOUNTERED THROUGH VISUAL ART. OPEN FREE TO THE PUBLIC, THE GALLERY SEEKS TO PROMOTE AND SUPPORT THE INTELLECTUAL AND CULTURAL LIFE OF THE COLLEGE THROUGH THE PRESENTATION AND DISCUSSION OF A DIVERSITY OF VISUAL ARTS. THE GALLERY HAS SPECIAL RESPONSIBILITY FOR INTEGRATING THE LIBERAL ARTS VALUES OF THE COLLEGE AND THE CLASSROOM BY LINKING EXHIBITIONS TO THE BROADER CURRICULUM AND COMMUNITY. IV 2B AGENCY FUNDS ARE HELD BY THE COLLEGE AS CUSTODIAN OR FISCAL AGENT. FUNDS MAY BE HELD FOR RECOGNIZED FACULTY, STAFF, STUDENT OR ALUMNI ORGANIZATIONS THAT ARE COLLECTED FROM ACTIVITY FEES, DUES OR FUNDRAISING. THE FUNDS ARE DEPOSITED WITH THE COLLEGE FOR SAFEKEEPING TO BE USED OR WITHDRAWN BY THE DEPOSITOR UPON PROPER AUTHORIZATION AND DOCUMENTATION. EXPENDITURES FROM THE FUNDS ARE USED PRIMARILY TO FUND STUDENT ACTIVITIES, TRIPS AND PROJECTS OF INTEREST TO THE STUDENTS OR TO SUPPORT COLLEGE PROGRAMS. EACH AGENCY FUND IS PROVIDED A UNIQUE COST CENTER ESTABLISHED IN THE COLLEGES FINANCIAL RECORDS. THESE COST CENTERS PROVIDE A SAFE, SECURE, AND CONVENIENT METHOD OF ACCOUNTING FOR AND ADMINSTERING THESE FUNDS. ALL CUSTODIAL FUNDS FOLLOW THE EXPENDITURE POLICIES AND PROCEDURES OUTLINED BY THE COLLEGE. IV 4 THE COLLEGES ENDOWMENT CONSISTS OF APPROXIMATELY 800 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSE INCLUDING DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGES ENDOWMENT FUND SUPPORTS THE FOLLOWING AREAS FINANCIAL AID FOR STUDENTS ATTENDING THE COLLEGE, TEACHING, ACADEMIC SUPPORT, STUDENT SERVICES AND ATHLETIC PROGRAMS SCHOLARSHIPS, INVESTMENT INCOME EARNED BY FACULTY ENDOWMENT FUNDS IS USED TO FUND A PROFESSORS SALARY. ENDOWED PROFESSORSHIPS ARE OFTEN AWARDED TO LEADING SCIENTISTS AND SCHOLARS WHO ARE CONTRIBUTIING SIGNIFICANTLY TO TEACHING AND THEIR RESPECTIVE DISCIPLINES. ANOTHER PURPOSE FOR WHICH ENDOWMENT FUNDS IS RESTRICTED IS SCIENTIFIC AND SCHOLARLY RESEARCH. THE COLLEGE IS INCREASINGLY RELYING ON ITS OWN RESOURCES TO ASSIST NEW FACULTY IN DEVELOPING THEIR RESEARCH PROGRAMS BECAUSE FEDERAL FUNDS HAVE LAGGED. IN THE PAST, THE COLLEGE RECEIVED GIFTS TO CONSTRUCT AND SUSTAIN NEW SCIENTIFIC OR OTHER ACADEMIC FACILITIES AND ENDOWMENT SUPPORT IS PARTICULARLY IMPORTANT FOR THE SUPPORT OF PROGRAMS HOUSED IN THOSE ACADEMIC FACILITIES. THE ENDOWMENT ALSO PROVIDES FUNDING FOR THE COLLEGES LIBRARY AND ART GALLERY WHICH ARE CRITICAL COMPONENTS OF THE INTELLECTUAL AND CULTURAL LIFE ON CAMPUS. DONORS HAVE ALSO CREATED ENDOWMENTS FOR THE PURPOSE OF SUPPORTING INTERCOLLEGIATE ATHLETICS. THE COLLEGE USES INVESTMENT INCOME FROM SUCH GIFTS TO FUND ATHLETIC SCHOLARSHIPS, FACILITIES, COACHING SALARIES AND EQUIPMENT. X 2 THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DEFINED IN SECTION 501C3 OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501A OF THE CODE AND APPLICABLE STATE LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. XI 2D OTHER ADJUSTMENTS CONSIST OF A GAIN ON INTEREST RATE SWAP AGREEMENTS OF 3,936,883, PENSION ADJUSTMENTS RELATING TO FAS 158 OF A GAIN OF 13,766,170, INTRA-DEPARTMENTAL REVENUE OF 2,867,860, CHANGE IN LIFE INCOME 2,669, COST ON FUNDRAISING EXPENSES OF 198,152 AND MISCELLANEOUS OF 5,901. TOTAL REVENUE INCLUDED ON FINANCIAL STATEMENTS NOT ON RETURN IS 20,765,833. XI 4B SCHOLARSHIPS NETTED AGAINST TUITION REVENUE OF 45,669,271, INCREASE IN BAD DEBT PROVISION FOR NON-OPERATING PLEDGES OF 261,583, LOAN FUND EXPENSES OF 525,314, GENERAL ALUMNI ASSOCIATION REVENUE OF 152,234, AND MISCELLANEOUS OF 164. TOTAL REVENUE INCLUDED ON RETURN NOT ON FINANCIAL STATEMENTS IS 46,608,566. XII 2D INTRA-DEPARTMENTAL REVENUE OF 2,867,860, CHANGE IN LIFE INCOME 2,669, COST ON FUNDRAISING EXPENSES OF 198,152 AND MISCELLANEOUS OF 5,901. TOTAL EXPENSES INCLUDED ON FINANCIAL STATEMENTS NOT ON RETURN IS 3,062,780. XII 4B SCHOLARSHIPS NETTED AGAINST TUITION REVENUE OF 45,669,271, INCREASE IN BAD DEBT PROVISION FOR NON-OPERATING PLEDGES OF 261,583, LOAN FUND EXPENSES OF 525,314, AND GENERAL ALUMNI ASSOCIATION REVENUE OF 143,721. TOTAL EXPENSES INCLUDED ON RETURN NOT ON FINANCIAL STATEMENTS IS 46,600,052. true true true true true true true false false false false false false false false true false true Part I 6 a THE COLLEGE PARTICIPATES IN THE TITLE IV PROGRAM FOR CAMPUS WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, THE PERKINS LOAN PROGRAM, DIRECT LENDING, SMART GRANTS, PELL GRANTS, AND ACADEMIC COMPETITIVENESS GRANTS ADMINISTERED BY THE US DEPARTMENT OF EDUCATION. THE COLLEGE IS ALSO PARTICIPATING IN SEVERAL GRANTS WITH THE NATIONAL SCIENCE FOUNDATION TO PROVIDE STEM GRANTS TO STUDENTS STUDYING MATH OR SCIENCES AS A MAJOR. true Central America and the Caribbean Program services Attend College Abroad 183921 East Asia and the Pacific Program services Attend College Abroad 473031 Europe 90 Program services Attend College Abroad 3408875 South America 3 Program services Attend College Abroad 303548 Russia and the Newly Independent States Program services Attend College Abroad 87536 South Asia Program services Attend College Abroad 20322 Central America and the Caribbean Investments 151123582 Europe Investments 12076071 93 93 167676886 167676886 SCHOLARSHIP 72 1572745 STUDENT ACCOUNTS true false true true true false I 2 THE COLLEGE MANAGES ALL RELATIONSHIPS WITH INTERNATIONAL HOST INSTITUTIONS DIRECTLY AND CONDUCTS PERIODIC EVALUATIONS OF THE PROGRAMS. STUDENTS ARE BILLED TUITION BY HOLY CROSS. THE COLLEGE MANAGES ALL ASPECTS OF THE PROGRAM AND ITS COSTS PROVIDING FOR ADVISORS, LINGUISITIC SUPPORT AND TUTORIAL ASSISTANCE. PROGRAM COSTS, OTHER THAN SCHOLARSHIPS, ARE TRACKED BY PROGRAM LOCATION. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ATTENDING PROGRAMS ABROAD USING THE SAME METHODOLOGY THAT IS APPLIED TO STUDENTS WHO ATTEND CLASSES IN THE UNITED STATES AS DESCRIBED ON FORM 990, SCHEDULE I, PART IV. I 3 THE EXPENSES ARE CALCULATED BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE INVESTMENT INFORMATION IS REPORTED AT THE FAIR MARKET VALUE AT YEAR END. NY Council Dinner 309127 249721 59406 194587 Golf Events 107443 91891 15552 3565 416570 341612 74958 198152 198152 -123194 true Mobile Book Fund City of Worcester 455 Main St Worcester MA 01608 046001418 115 80000 Donation Worcester Public Library Foundation City of Worcester 455 Main St Worcester MA 01608 046001418 115 10000 Donation Adopt-A-Student Diocese of Worcester 19 Elm St Worcester MA 01608 042103979 501c3 10000 Donation SWNIC 47 Camp St Worcester MA 01603 042529221 501c3 262391 Debt Forgiveness 4 Scholarship - Funded by Federal Government 162 630000 Scholarship - Funded by State Government 190 468559 Scholarship - Funded by College 1534 41844585 Scholarship - Funded by Private Source 61 1032404 Grant - Funded by College 28 279608 I 2 THE COLLEGE SUPPORTS A NEED BASED FINANCIAL AID POLICY THAT IS REPRESENTATIVE OF ITS ACADEMIC AND SPIRITUAL GOALS AS AN UNDERGRADUATE, JESUIT LIBERAL ARTS COLLEGE. THE COLLEGE ACCEPTS STUDENTS REGARDLESS OF THEIR ABILITY TO PAY NEED-BLIND ADMISSIONS AND THEN MEETS 100 OF THEIR NEED, AS CALCULATED ACCORDING TO NATIONALLY RECOGNIZED FINANCIAL AID CRITERIA. THE COLLEGE USES A CONSERVATIVE NEEDS ANALYSIS, INSTITUTIONAL METHODOLOGY WHICH IS AGREED UPON BY MORE THAN 2,000 MEMBERS OF THE COLLEGE SCHOLARSHIP SERVICE ASSEMBLY. THE FINANCIAL AID PROGRAM IS GENEROUS AND ALL STUDENTS ARE ENCOURAGED TO APPLY REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. APPROXIMATELY SIXTY-ONE PERCENT OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. A LIST OF RECIPIENTS WHO RECEIVE FINANCIAL ASSISTANCE IS MAINTAINED BY THE COLLEGE. THERE MAY BE SOME RECIPIENTS WHO ARE RELATED TO OFFICERS, TRUSTEES, OR OTHER DISQUALIFIED PERSONS SUCH RECIPIENTS ARE SELECTED ON AN EQUAL OBJECTIVELY DETERMINED BASIS WITH OTHERS. THE COLLEGE PROVIDES GRANTS TO CERTAIN CHARITABLE ORGANIZATIONS WITHIN THE WORCESTER, MA AREA. THESE GRANTS ARE CLOSELY TIED TO PROMOTING THE COLLEGES CHARITABLE AND EDUCATIONAL MISSION AND CONTRIBUTE TO THE ENRICHMENT OF THE GREATER WORCESTER AREA. SINCE THESE GRANTS ARE MADE TO CHARITIES, THE COLLEGE DOES NOT MONITOR THE USE OF THE GRANT FUNDS. X X true true X X X true false false false false false false true false Michael Lochhead 291489 27798 30408 349695 Jacqueline Peterson 176227 18981 23430 218638 Frank Vellaccio 270109 27798 64795 362702 Timothy Mines through 6302012 96554 80250 8025 5891 190720 Timothy Austin 239146 25189 1595 265930 Timothy Jarry 267774 27798 23430 319002 Richard H Patterson Richard Regan Jr 197766 19010 24930 241706 Thomas Gilmore 187603 170000 19763 28968 406334 Ambroise Kom 90778 171383 9140 7188 278489 Milan Brown 348657 27798 23430 399885 Sean Kearney 255660 22316 277976 Dorothy Hauver 168000 12855 23829 204684 William Gibbons 180765 17754 28964 227483 Alan Avery-Peck 187785 20162 4615 212562 Margaret Freije 148087 16288 66445 230820 Tracy Barlok 126314 36495 12173 10264 185246 I 1A CERTAIN OFFICERS, KEY EMPLOYEES OR HIGHLY COMPENSATED EMPLOYEES ARE AUTHORIZED AS PART OF THEIR COMPENSATION AGREEMENT TO OBTAIN A MEMBERSHIP IN A SOCIAL OR RECREATIONAL CLUB. THESE DUES ARE GROSSED UP AND INCLUDED IN THE EMPLOYEES REPORTABLE COMPENSATION. I 4A TIMOTHY MINES SEPARATED FROM THE COLLEGE. THE COLLEGE PAID TIMOTHY MINES 80,250 UPON SEPARATION FROM THE COLLEGE. I 4A AMBROISE KOM, PROFESSOR, RETIRED AND RECEIVED AN EARLY RETIREMENT PAYOUT OF 171,383 AND NONTAXABLE BENEFITS. HE RETIRED UNDER THE FACULTY EARLY RETIREMENT POLICY DESCRIBED IN SCHEDULE J, PART 1, LINE 7. I 4A SEAN KEARNEY SEPARATED FROM THE COLLEGE DURING THE YEAR ENDED 6/30/2011. THE COLLEGE PAID SEAN KEARNEY 255,660 PER HIS EMPLOYMENT CONTRACT WHICH INCLUDED PROVISIONS FOR SEPARATION FROM THE COLLEGE. I 7 THE COLLEGE HAS ESTABLISHED A VOLUNTARY EARLY RETIREMENT PROGRAM FOR TENURED FACULTY MEMBERS WHO HAVE COMPLETED FIFTEEN YEARS OF SERVICE AND ATTAINED AGE 62. ELIGIBLE FACULTY MEMBERS ARE ENTITLED TO A PERCENTAGE PAYOUT THAT DECREASES OVER TIME. IN ADDITION, ELIGIBLE FACULTY MEMBERS ARE ABLE TO REMAIN ENROLLED IN THE COLLEGES AVAILABLE MEDICAL HEALTH PLANS. II MEMBERS OF THE SOCIETY OF JESUS TAKE A VOW OF POVERTY. COMPENSATION IS PAID DIRECTLY TO THEIR ORDER WHICH IS EXEMPT UNDER SECTION 501C3. UNDER REV. RUL. 77-290, MEMBERS OF A RELIGIOUS ORDER PROVIDING SERVICES TO A CATHOLIC ORGANIZATION WILL BE CONSIDERED FOR TAX PURPOSES TO BE AN AGENT OF HIS ORDER PROVIDED THE RELIGIOUS ORDER IS SUBJECT TO A VOW OF POVERTY, THE RELIGIOUS ORDER IS PROVIDING SERVICES FOR A CATHOLIC ORGANIZATION LISTED IN THE OFFICIAL CATHOLIC DIRECTORY AT THE DIRECTION OF HIS SUPERIOR AND THE FULL AMOUNT OF COMPENSATION IS REMITTED TO HIS ORDER WHICH IS EXEMPT FROM TAX. A Mass Development and Finance Agency MDFA 2007B 042608195 57583RLM5 2007-05-03 30306021 Refunding 1998 Issue false false false B Mass Development and Finance Agency MDFA 2008A 042608195 57583RU26 2008-05-08 45340000 Refunding 2007A Issue false false false C Mass Development and Finance Agency MDFA 2008B 042608195 57583RVU6 2008-05-08 71076481 Refunding 2006 Issue false false false A 30306021 258981 169240 29877800 2008 true true true true B 45340000 181594 158406 45000000 2008 true false true true C 71076481 503481 70573000 2008 true false true true A false false false false true false false true B false false false false true 0.00012 0.00012 false false true C false false false false true false false true A false true false false false false true B false true true true Bank of America LLC 0000000028.300000000000 false false false false true C false true false false false false true A true B true C true IV 2C NO REBATE WAS DUE AS OF THE REBATE CALCULATION PERFORMED ON 4/22/2013 FOR MDFA 2008A AND MDFA 2008B. IV 2C THE MDFA 2007A BOND WAS ISSUED A NO ARBITRAGE CERTIFICATE UNDER TREASURY REGULATION 1.148-2b2i DATED MAY 3, 2007. FEDERATED FUND ADVISORY COMPANY J. FISHER, TRUSTEE 10000 MANAGEMENT FEE false ADAGE CAPITAL MANAGEMENT R. ATCHINSON, TRUSTEE 803810 MANAGEMENT FEE false BAUPOST GROUP J. MOONEY, TRUSTEE 1609915 MANAGEMENT FEE false IV CONSISTENT WITH THE POLICY DESCRIBED IN SCHEDULE O, THE FOLLOWING TRANSACTIONS HAVE BEEN REVIEWED AND ARE CONSIDERED TO BE FAIR AND REASONABLE AND IN THE BEST INTERESTS OF THE COLLEGE. IV JOHN B. FISHER IS A TRUSTEE OF THE COLLEGE OF THE HOLY CROSS AND THE PRESIDENT AND CEO OF FEDERATED FUND ADVISORY COMPANY. THE COLLEGE OF THE HOLY CROSS HAS A BUSINESS RELATIONSHIP WITH FEDERATED FUND ADVISORY COMPANY. FEES TO FEDERATED FUND ADVISORY COMPANY ARE APPROXIMATELY 10,000 PER YEAR AND ARE BASED UPON AN ARMS LENGTH AGREEMENT. IV ROBERT ATCHINSON IS A TRUSTEE OF THE COLLEGE OF THE HOLY CROSS AND MANAGING DIRECTOR OF ADAGE CAPITAL MANAGEMENT. THE COLLEGE IS INVESTED IN AN ADAGE CAPITAL MANAGEMENT HEDGE FUND. FEES TO ADAGE CAPITAL MANAGEMENT WERE APPROXIMATELY 804,000 DURING THE YEAR ENDED 6/30/2013 AND ARE BASED UPON AN ARMS LENGTH AGREEMENT. IV JAMES F. MOONEY III IS A TRUSTEE OF THE COLLEGE OF THE HOLY CROSS AND PARTNER OF THE BAUPOST GROUP, LLC. THE COLLEGE IS INVESTED IN A BAUPOST GROUP, LLC HEDGE FUND. FEES TO THE BAUPOST GROUP WERE APPROXIMATELY 1,600,000 DURING THE YEAR ENDED 6/30/2013 AND ARE BASED UPON AN ARMS LENGTH AGREEMENT. IV P. KEVIN CONDRON IS A TRUSTEE OF THE COLLEGE AND IS A MEMBER OF THE BOARD OF DIRECTORS OF HANOVER INSURANCE COMPANY HANOVER. PAYMENTS ARE MADE BY THE COLLEGE TO HANOVER FOR INSURANCE PURCHASED BY HOLY CROSS EMPLOYEES AND DEDUCTED FROM THEIR PAYCHECKS AT THEIR REQUESTS AS A MATTER OF EMPLOYEE CONVENIENCE. THE PAYMENTS MADE TO HANOVER ARE NOT THE PROPERTY OF HOLY CROSS AND THIS IS A LONG STANDING PROGRAM OF HOLY CROSS THAT PREDATES MR. CONDRONS JOINING EITHER THE BOARD OF TRUSTEES OF HOLY CROSS OR THE BOARD OF DIRECTORS OF HANOVER. X 1 19000 FMV X 105 2797125 FMV X IN-KIND GIFTS 6 15671 FMV 1 false true false I 9 REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE TO THE COLLEGE. I 32B THE COLLEGE USES A REGISTERED BROKER TO SELL SECURITIES THAT ARE GIFTED TO THE COLLEGE. Form 990 Part III Line 1 THE COLLEGE OF THE HOLY CROSS IS, BY TRADITION AND CHOICE, A JESUIT LIBERAL ARTS COLLEGE SERVING THE CATHOLIC COMMUNITY, AMERICAN SOCIETY AND THE WIDER WORLD. AS A LIBERAL ARTS COLLEGE, HOLY CROSS PURSUES EXCELLENCE IN TEACHING, LEARNING, AND RESEARCH. ALL WHO SHARE ITS LIFE ARE CHALLENGED TO BE OPEN TO NEW IDEAS, TO BE PATIENT WITH AMBIGUITY AND UNCERTAINTY, TO COMBINE A PASSION FOR TRUTH WITH RESPECT FOR THE VIEWS OF OTHERS. INFORMED BY THE PRESENCE OF DIVERSE INTERPRETATIONS OF THE HUMAN EXPERIENCE. HOLY CROSS SEEKS TO BUILD A COMMUNITY MARKED BY FREEDOM, MUTUAL RESPECT, AND CIVILITY. BECAUSE THE SEARCH FOR MEANING AND VALUE IS AT THE HEART OF THE INTELLECTUAL LIFE, CRITICAL EXAMINATION OF FUNDAMENTAL RELIGIOUS AND PHILOSOPHICAL QUESTIONS IS INTEGRAL TO LIBERAL ARTS EDUCATION. DIALOGUE ABOUT THESE QUESTIONS AMONG PEOPLE FROM DIVERSE ACADEMIC DISCIPLINES AND RELIGIOUS TRADITIONS REQUIRES EVERYONE TO ACKNOWLEDGE AND RESPECT DIFFERENCES. THE FACULTY AND STAFF OF HOLY CROSS, NOW PRIMARILY LAY AND RELIGIOUSLY AND CULTURALLY DIVERSE, ALSO AFFIRM THE MISSION OF HOLY CROSS AS A JESUIT COLLEGE. AS SUCH, HOLY CROSS SEEKS TO EXEMPLIFY THE LONGSTANDING DEDICATION OF THE SOCIETY OF JESUS TO THE INTELLECTUAL LIFE AND ITS COMMITMENT TO THE SERVICE OF FAITH AND PROMOTION OF JUSTICE. THE COLLEGE IS DEDICATED TO FORMING A COMMUNITY WHICH SUPPORTS THE INTELLECTUAL GROWTH OF ALL ITS MEMBERS WHILE OFFERING THEM OPPORTUNITIES FOR SPIRITUAL AND MORAL DEVELOPMENT. SINCE 1843, HOLY CROSS HAS SOUGHT TO EDUCATE STUDENTS WHO, AS LEADERS IN BUSINESS, PROFESSIONAL AND CIVIC LIFE, WOULD LIVE BY THE HIGHEST INTELLECTUAL AND ETHICAL STANDARDS. IN SERVICE OF THIS IDEAL, HOLY CROSS ENDEAVOURS TO CREATE AN ENVIRONMENT IN WHICH INTEGRATED LEARNING IS A SHARED RESPONSIBILITY, PURSUED IN CLASSROOM AND LABORATORY, STUDIO AND THEATER, RESIDENCE AND CHAPEL, SHARED RESPONSIBILITY FOR THE LIFE AND GOVERNANCE OF THE COLLEGE SHOULD LEAD ALL ITS MEMBERS TO MAKE THE BEST OF THEIR OWN TALENTS, TO WORK TOGETHER, TO BE SENSITIVE TO ONE ANOTHER, TO SERVE OTHERS, AND TO SEEK JUSTICE WITHIN AND BEYOND THE HOLY CROSS COMMUNITY. Form 990 Part III Line 4A THE COLLEGE OFFERS A CURRICULUM LEADING TO A BACHELOR OF ARTS A.B. DEGREE WITH ACADEMIC CONCENTRATIONS IN TWENTY-SIX FIELDS. THE CAMPUS LIBRARIES AT HOLY CROSS - DINAND, FENWICK MUSIC, OCALLAHAN SCIENCE, ARCHIVAL AND SPECIAL COLLECTIONS, AND RHEM - ARE ALSO AVAILABLE TO THE PUBLIC FOR SCHOLARLY RESEARCH. THE LIBRARIES HAVE AN EXTENSIVE COLLECTION OF BOOKS, JOURNALS, TAPES, VIDEOS, CDS, LPS, PHOTOGRAPHS, AND ELECTRONIC RESOURCES. THROUGH BOTH CONTEMPORARY AND HISTORICAL EXHIBITIONS, THE IRIS AND B. GERALD CANTOR ART GALLERY AT HOLY CROSS EDUCATES THE COLLEGE AND WORCESTER COMMUNITIES ABOUT THE FUNDAMENTAL INTELLECTUAL, CULTURAL, SPIRITUAL, AND AESTHETIC ISSUES ENCOUNTERED THROUGH VISUAL ART. OPEN FREE TO THE PUBLIC, THE GALLERY SEEKS TO PROMOTE AND SUPPORT THE INTELLECTUAL AND CULTURAL LIFE OF THE COLLEGE THROUGH THE PRESENTATION AND DISCUSSION OF A DIVERSITY OF VISUAL ARTS. THE GALLERY HAS SPECIAL RESPONSIBILITY FOR INTEGRATING THE LIBERAL ARTS VALUES OF THE COLLEGE AND THE CLASSROOM BY LINKING EXHIBITIONS TO THE BROADER CURRICULUM AND COMMUNITY. THE COLLEGE IS A MEMBER OF THE PATRIOT LEAGUE AND OFFERS A COMPREHENSIVE ATHLETIC PROGRAM AT THE NCAA DIVISION I LEVEL CONSISTING OF 27 ATHLETIC TEAMS. THE COLLEGE PROMOTES WIDESPREAD INVOLVEMENT IN ATHLETICS FOR STUDENTS OF ALL SKILL LEVELS AND INTERESTS. APPROXIMATELY SEVENTY PERCENT OF HOLY CROSS STUDENTS PARTICIPATE IN SPORTS AT THE VARSITY, CLUB OR INTRAMURAL LEVELS. THE COLLEGE ALSO PERIODICALLY OPENS ITS HART RECREATION CENTER FACILITIES, INCLUDING A SIX-LANE SWIMMING POOL, ICE RINK, BASKETBALL COURTS, AND FITNESS CENTER TO THE GENERAL PUBLIC. IN ADDITION, HOLY CROSS HOSTS SUMMER CAMPS FOR AREA YOUTHS. THE COLLEGE PROGRAM INVITES STUDENTS TO BRING THEIR REAL WORLD EXPERIENCES INTO THE CLASSROOM, AND THEN CHALLENGES STUDENTS TO BRING THEIR CLASSROOM EXPERIENCE OUT INTO THE WORLD TO BE TESTED, STRENGTHENED, AND ENHANCED. THE PROGRAM ASKS THE STUDENTS TO CONSIDER THE CONTEXT, INCLUDING THE SOCIAL AND CIVIC CONTEXTS, OF THE SUBJECTS THEY STUDY. THE COLLEGES GOAL IS TO CREATE A BRIDGE BETWEEN THE CLASSROOM AND THOSE INTERESTS AND EXPERIENCES OUTSIDE THE CLASSROOM THEREBY ENRICHING THE LEVEL OF DIALOGUE AND DISCUSSION. THROUGH THE STUDENT PROGRAM FOR URBAN DEVELOPMENT, STUDENTS ARE ABLE TO INTERACT WITH THE LOCAL COMMUNITY TUTORING CHILDREN, SERVING AS WELFARE ADVOCATES, VOLUNTEERING, AND VISITING THE SICK AND LONELY. THEY ENCOUNTER THE EFFECTS OF GLOBALIZATION ON A LOCAL LEVEL AS THEY WORK WITH THE HOMELESS AND UNEMPLOYED. A COMMITMENT TO SHAPING MORE INFORMED, SENSITIVE, AND CONSCIENTIOUS GLOBAL CITIZENS IS NOT ONLY THE COLLEGES OBLIGATION AS AN EDUCATIONAL INSTITUTION IT SPEAKS DIRECTLY TO THE HEART OF THE COLLEGES MISSION. Form 990 Part III Line 4B THE COLLEGE IS THE RECIPIENT OF VARIOUS GRANTS FROM PRIVATE FOUNDATIONS, CORPORATIONS AND THE U.S. FEDERAL GOVERNMENT. THESE GRANTS FUND BASIC RESEARCH INSTRUCTION, CURRICULUM DEVELOPMENT, AND INSTRUMENTATION OF COLLEGE LABORATORIES. Form 990 Part IV Section B Line 11A SENIOR MANAGEMENT OF THE COLLEGE IS RESPONSIBLE FOR DRAFTING FORM 990. THE COMPLETED DRAFT FORM 990 IS SUBMITTED FOR REVIEW TO THE COLLEGES TAX ADVISOR. RECOMMENDED CHANGES ARE DISCUSSED WITH SENIOR MANAGEMENT AND INCORPORATED INTO THE RETURN. THE DRAFT FORM IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE WITH SENIOR MANAGEMENT AND THE COLLEGES TAX ADVISOR. ALL QUESTIONS AND CONCERNS OF THE AUDIT COMMITTEE MEMBERS ARE ADDRESSED AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER THE AUDIT COMMITTEE REVIEW ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE COMPLETED FORM 990 IN ADVANCE OF THE FILING DEADLINE VIA A DEDICATED COLLEGE WEBSITE. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF TRUSTEES WILL BE ADDRESSED BY THE TREASURER AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, THE TREASURER OF THE COLLEGE IS AUTHORIZED TO FILE THE FORM 990. Form 990 Part VI Section B Line 12C ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE. TO HELP OFFICERS, TRUSTEES, AND KEY EMPLOYEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT MUST BE COMPLETED AND UPDATED AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, OFFICERS, TRUSTEES, AND KEY EMPLOYEES MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL WILL REVIEW THE DISCLOSURES AND REPORT CONFLICTS OF INTEREST TO THE CHAIRMAN OF THE BOARD AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE CONSIDERS THE BEST INTERESTS OF THE COLLEGE AND THE NATURE OF THE CONFLICT. THE AUDIT COMMITTEE EVALUATES THE CIRCUMSTANCES OF THE ISSUE OR TRANSACTION TO ENSURE THAT THE TERMS ARE IN THE BEST INTEREST OF THE COLLEGE AND ARE ARMS LENGTH. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES. THE AUDIT COMMITTEE WILL DELIBERATE THE REPORTED CONFLICT AND VOTE TO MAKE ONE OF TWO DETERMINATIONS THAT NO MATERIAL CONFLICT OF INTEREST EXISTS AND THAT NO ACTION IS NECESSARY OR THAT A MATERIAL CONFLICT OF INTEREST DOES EXIST AND RECOMMEND A STRATEGY TO MANAGE THE IDENTIFIED CONFLICT. THESE FINDINGS WILL BE COMMUNICATED TO THE CHAIRMAN OF THE BOARD AND FULL BOARD OF TRUSTEES. THE MINUTES OF THE MEETING SHALL REFLECT THE NATURE OF THE CONFLICT AND THE AUDIT COMMITTEES DETERMINATION WITH RESPECT TO THE SPECIFIC PROCEDURES THE MEMBER WILL FOLLOW REGARDING THE ISSUE OR TRANSACTION. Form 990 Part VI Section B Line 15B THE BYLAWS ARTICLE 2, SECTION 6 OF THE COLLEGE ESTABLISH THAT THE BOARD HAS THE AUTHORITY TO HIRE, EMPLOY, AND SET THE REMUNERATION OF THE PRESIDENT AND ALL OTHER OFFICERS OF INSTRUCTION AND ADMINISTRATION. THE EXECUTIVE COMMITTEE IS A PERMANENT COMMITTEE OF THE BOARD THAT HAS BEEN ASSIGNED THE RESPONSIBILITY FOR EVALUATING COMPENSATION REASONABLENESS FOR OFFICERS OR HIGHLY PAID EMPLOYEES. THE EXECUTIVE COMMITTEE IS COMPOSED OF FIVE TO SIX INDEPENDENT TRUSTEES NONE OF WHOM HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AND INCLUDES THE PRESIDENT WHO IS EX-OFFICIO CHAIR AND A MEMBER OF THE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE ENTIRE COMPENSATION PACKAGE INCLUDING BENEFITS BY ASSESSING THE NATURE AND SCOPE OF EACH POSITION, ASSESSING THE INDIVIDUALS HOLDING EACH POSITION INCLUDING UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, PERFORMANCE, ADDITIONAL DUTIES AND ABILITIES AND THE ABILITY TO SOLVE CHALLENGES FACING THE COLLEGE, OBTAINING APPROPRIATE AND COMPARABLE COMPENSATION MARKET DATA FROM THE FOLLOWING SOURCES SIMILARLY SITUATED ORGANIZATIONS, BOTH FOR-PROFIT AND TAX EXEMPT FOR FUNCTIONALLY COMPARABLE POSITIONS INCLUDING COMPARATIVE DATA FROM CUPA, OTHER JESUIT COLLEGES AND UNIVERSITIES, AND THE HAYS NEW ENGLAND MARKET SURVEY INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS THE EXECUTIVE COMMITTEE WILL PERIODICALLY USE INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW EXECUTIVE COMPENSATION. THE EXECUTIVE COMMITTEE DELIBERATES THE INFORMATION PROVIDED AND RELATIVE CONTRIBUTION OF EACH EXECUTIVE MEMBER BEFORE VOTING ON THE COMPENSATION PACKAGE. THE PRESIDENT EXCUSES HIMSELF FOR THE DISCUSSION AND VOTE ON HIS INDIVIDUAL COMPENSATION. THE PRESIDENT IS A MEMBER OF THE SOCIETY OF JESUS. MEMBERS OF THIS RELIGIOUS ORDER TAKE A VOW OF POVERTY AND RECEIVE COMPENSATION AS AN AGENT OF THEIR RELIGIOUS ORDER. RECORDS OF THE EXECUTIVE COMMITTEE MEETING ARE ADEQUATELY DOCUMENTED CONCURRENTLY WITH MAKING RECOMMENDATIONS REGARDING COMPENSATION. Form 990 Part VI Section B Line 16A THE COLLEGE PARTICIPATES IN A JOINT VENTURE, COLLABORATIVE EDUCATIONAL VENTURES OF NEW ENGLAND, LLC. CEVONE. CEVONE IS A COLLABORATIVE OF EDUCATIONAL INSTITUTIONS FORMED TO EXPLORE, DEVELOP AND PROVIDE SPECIAL PURPOSE INITIATIVES WHICH MAY BE OF PARTICULAR INTEREST TO ITS PARTICIPATING MEMBER SCHOOLS, COLLEGES, AND UNIVERSITIES. THE COLLEGES GENERAL COUNSEL REVIEWED THIS POLICY FOR POTENTIAL LEGAL AND TAX ISSUES. Form 990 Part VI Section C Line 19 THE COLLEGES GOVERNING INSTRUMENTS, ARTICLES OF INCORPORATION AND BYLAWS MAY BE FOUND ON THE COLLEGE WEBSITE UNDER THE OFFICE OF THE GENERAL COUNSEL, CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE COLLEGES WEBSITE. Form 990 Part XI Line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDE A GAIN ON INTEREST RATE SWAP AGREEMENTS OF 3,936,883, PENSION ADJUSTMENTS RELATING TO FINANCIAL STANDARDS ACCOUNTING NUMBER 158 WHICH IS A GAIN OF 13,766,170, HOLY CROSS CLUB OF BOSTON AND GENERAL ALUMNI ASSOCIATION BALANCES OF 20,190, AND MISCELLANEOUS ADJUSTMENT OF 2,556. TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES EQUAL 17,680,307. Alchemy Plan LP Trafalgar Court Les Banques St Peter Port GK GY13QL 980376083 Investing GK NA Investment 946953 13807293 true false 0.99500 false false false false false false false false false false false false false false false false false true true Alchemy Plan LP r 1648408 FMV Alchemy Plan LP s 114255 FMV