2014-05-12T12:23:18-07:00 2013-06-30 990 2012-07-01 042103578 THE TRUSTEES OF MOUNT HOLYOKE COLLEGE TRUS 4135382641 50 College Street South Hadley MA 01075 Ellen Rutan 4135382713 2014-05-12 2012 2015-11-30 17:44:51Z Mount Holyoke College Lynn Pasquerella 50 College Street South Hadley MA 01075 265432204 0 X www.mtholyoke.edu X 1836 MA The mission of Mount Holyoke College is to provide an intellectually adventurous education in the liberal arts and sciences through academic programs recognized internationally for their excellence and range; to draw students from all backgrounds into an exceptionally diverse and inclusive learning community with a highly accomplished, committed, and responsive faculty and staff; to continue building on the College's historic legacy of leadership in the education of women; and to prepare students, through a liberal education integrating curriculum and careers, for lives of thoughtful, effective, and purposeful engagement in the world. 29 28 3277 1785 -2824197 -3095763 25438887 32261711 108543278 108300873 18438753 46799323 18530437 19115219 170951355 206477126 54295830 52616725 0 0 76934935 77932242 0 0 7807949 56652072 56628887 187882837 187177854 -16931482 19299272 863631443 907370870 181854847 173833362 681776596 733537508 Mount Holyoke College is a highly selective, nondenominational, residential, research liberal arts college for women. The College's long, distinguished history of educating leaders arises from a powerful combination of academic excellence in a global learning environment. As the first of the Seven Sisters-the female equivalent of the once predominantly male Ivy League-Mount Holyoke has led the way in women's education, preparing students for purposeful engagement in the world. 0 0 126452607 52616725 103198472 *Instruction, Research, Academic Support and Library Services* Mount Holyoke College enrolls approximately 2,300 undergraduate students who benefit from small group instruction in a diverse college community with a student-to-faculty ratio of 10 to 1. Mount Holyoke's 200 accomplished faculty members are innovative teachers dedicated to their students. They are also active scholars, research scientists, and creative artists passionate about their disciplines. The College offers 50 departmental and interdepartmental majors. Through the liberal arts education, students explore art, literature, languages, philosophy, politics, history, mathematics and science rather than choosing one specialized track of study. The liberal arts also transcend the classroom. Students gain a complex understanding of the world in which they live through internships, study abroad, community-based learning, volunteer work and independent research. An integral part of the college community, Library and Information Technology Services facilitates the creative use of information and technology. It supports the educational priorities of the College by providing instruction, materials, staff expertise and equipment to sustain learning, teaching, research and the College's administrative functions 24671399 0 12879667 *Student Services and Residential Life* Engagement, peer mentorship and self governance are the foundations of Mount Holyoke's residential program. To this end, most residence halls house members of all four classes. Approximately one-fourth of the rooms in each residence hall are for entering students. The result is an interesting blend of experience within each residence hall. The College offers housing in many configurations to meet the developing needs of students. Each residence hall is unique in design and character. Along with being committed to academic success, Mount Holyoke cares about the overall well being of students. The College offers a range of health, counseling and public safety services to support the needs of its students. The Office of Student Programs supports 150 student organizations and presents a wide array of cultural, entertainment and social events, in addition to advising on event planning, new ideas, leadership skills and general student organization dynamics. 9283696 0 11014319 *Dining Services* At Mount Holyoke College, dining is an integral part of a student's educational experience. Students meet at mealtimes in friendly conversation, often with faculty as their invited guests. This hospitality and exchange is an important tradition on campus. Dining Services is responsible for administering a comprehensive board program in six residential dining locations, the campus café, and seven continental breakfast locations, and is responsible for all campus center cash operations, vending, a bakery, and a warehouse. The qualified and experienced culinary production and service staff are committed to providing high quality and nutritious food in all dining operations. 0 0 0 160407702 1 1 0 1 0 0 0 1 0 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 1 0 0 1 1 1 0 0 0 1 1 1 0 0 1 813 0 1 3277 1 1 1 1 CH CJ EI FR 0 0 0 1 1 0 0 0 0 X 29 28 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA MA X X Ellen Rutan - Comptroller 4135382713 50 College St South Hadley MA 01075 X Mary Graham Davis 8 0.10 X 0 0 0 Jeanne E Amster 4 0.10 X 0 0 0 Susan Bateson 2 0.10 X 0 0 0 Barbara M Baumann 6 0.10 X 0 0 0 Ann Blake 2 0.10 X 0 0 0 Barbara Moakler Byrne 6 0.10 X 0 0 0 Eleanor C Chang 2 0.10 X 0 0 0 Debra Martin Chase 2 0.10 X 0 0 0 Ellen M Cosgrove 2 0.10 X 0 0 0 Sarah Miller Coulson 2 0.1 X 0 0 0 Elizabeth Onyemelukwe Garner 2 0.10 X 0 0 0 Suzanne A George 2 0.10 X 0 0 0 Lila Gierasch 2 0.10 X 0 0 0 Elizabeth Cochary Gross 2 0.10 X 0 0 0 Heather Harde 2 0.10 X 0 0 0 Mindy McWilliams Lewis 4 0.10 X 0 0 0 Chau Ly 2 0.10 X 0 0 0 Guy R Martin 4 0.10 X 0 0 0 Richard E Neal 2 0.10 X 0 0 0 Ellen Hyde Pace 2 0.10 X 0 0 0 Elizabeth A Palmer 6 0.10 X 0 0 0 Kavita N Ramdas 2 0.10 X 0 0 0 Cynthia L Reed 2 0.10 X 0 0 0 James Streibich 2 0.10 X 0 0 0 Karena Strella 2 0.10 X 0 0 0 Marija Tesla 2 0.10 X 0 0 0 David Wilson 2 0.10 X 0 0 0 Margaret L Wolff 4.00 0.10 X 0 0 0 Lynn Pasquerella 40 1 X X 417213 0 33099 Christopher Benfey 40 0 X 209346 0 42753 Diane Anci 40 0 X 191746 0 46872 Benjamin Hammond 40 1 X 211169 0 46455 Sarah Sutherland 40 1 X 132302 0 21119 Cerri Banks 40 0 X 180201 0 25485 MaryAnne Young 40 0 X 178683 0 54897 Eva Paus 40 0 X 163292 0 34651 Melinda Darby Dyar 40 0 X 158249 0 11426 John Stomberg 40 0 X 164577 0 14709 Nancy Campbell 40 0 X 345862 0 48019 Janice Hudgings 40 0 X 201707 0 23989 Donal O'Shea 40 0 X 111884 0 27361 Charles Haight 40 0 X 124598 0 13935 Lee Bowie 40 0 X 131590 0 39518 2922419 0 484288 100 1 1 0 Cambridge Associates LLC 100 Summer Street Boston MA 021102112 Investment Consulting 1112963 Cedar Rock Capital Partners LLC 11 Broadway Suite 965 NY NY 10019 Investment Management 275434 Silchester International Investors 780 Third Ave Fl 42 NY NY 10017 Investment Management 257103 KPMG LLP 60 South Street Boston MA 02111 Audit and Tax Consulting Services 192750 Simpson Scarborough LLC 1403 King St Alexandria VA 22314 Brand Consulting 191899 19 0 0 18525 0 3113814 29129372 6487467 32261711 Tuition and Fees 611310 95468758 95468758 0 0 Room and Other Board 611310 12828615 12828615 0 0 Educational Performances 611310 3500 3500 0 0 0 0 0 0 108300873 12580468 0 -3170520 15750988 182743 0 0 182743 1486 0 0 1486 442178 0 467864 0 -25686 0 -25686 0 0 -25686 89210337 35192 55209417 0 34000920 35192 34036112 0 0 34036112 7395 18525 5884 1511 0 1511 14414990 3271913 11143077 11065371 77706 0 Educational Conferences 721000 1169348 944236 225112 0 Public Safety Collaborative 611310 2289602 2289602 0 0 4535881 4492376 43505 0 7994831 206477126 127092458 -2824197 49947154 163136 163136 51246885 51246885 1206704 1206704 1805818 713588 859809 232421 57651000 50264839 4614117 2772044 5440042 4743173 435203 261666 8762489 7640014 700999 421476 4272893 3725536 341831 205526 1011005 813700 83491 113814 235407 21433 214146 -172 204404 48750 155654 0 9026071 0 9026071 0 4683368 3568781 1025989 88598 130404 50452 62148 17804 5498568 4757983 350295 390290 2205594 1640070 555680 9844 2720 2720 0 0 4558120 4220577 140741 196802 1784705 1313665 153134 317906 239000 187463 35860 15677 5676353 5450116 86559 139678 442632 249062 141988 51582 10649959 10268801 146078 235080 2881220 2332941 528907 19372 Allocated Expenses 0 487713 -487713 0 Public Safety Collaborative Expenses 2166272 2166272 0 0 Alumnae Association Support 2127569 0 0 2127569 3105516 3123328 -208784 190972 187177854 160407702 18962203 7807949 0 8243479 30435017 25440917 21699799 1530049 1956557 280037 0 0 0 91472 368344 752807 786873 1745753 1699053 363433724 186114941 175979968 177318783 80323891 114260087 520681872 518880827 18422089 18814874 0 0 30139109 21150656 863631443 907370870 8632347 10144923 0 0 1641524 1813600 113914609 111090889 0 0 0 0 0 57666367 50783950 181854847 173833362 X 104338363 117865390 321334837 348498684 256103396 267173434 681776596 733537508 863631443 907370870 X 19299272 17019936 0 8937331 0 6504373 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5000 5000 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College pays membership dues to organizations that address state and federal regulatory issues for the collective benefit of member institutions. The organizations notify the College of the approximate amount of membership dues used for lobbying expense. 766998 11885802 0 0 X X X X 0 594045152 11856126 72624207 8448417 22588075 8937331 638551662 617284353 9947368 5518243 7840042 19056521 11808249 594045152 535887570 5912096 111891009 7566269 18730941 10109112 617284353 503167897 6071042 60421588 7082487 19394159 9600451 533583430 662904332 3515032 -127229846 6613057 20145463 9263101 503167897 0.1362 0.3865 0.4773 1 0 0 23627235 23627235 0 153218446 54313854 98904592 0 81029024 41219664 39809360 0 56660052 50696745 5963307 0 48898967 39884678 9014289 177318783 0 0 Fixed Income Mutual/Comingled Funds 12013842 F Equity Mutual/Comingled Funds 150878302 F Hedge Funds 177735264 F Inflation Hedging 71812834 F Debt Related 19684193 F Venture Capital 83469371 F Other 3287021 F 518880827 0 Interest Rate Swap Liability 14230608 FAS 158 Pension Liability 3160044 FIN 47 Conditional Asset Retirement Obligation 9631844 457(b) Pension Liability 473354 Refundable Government Advances 4648773 Split Interest Obligation 18639327 50783950 X 235155633 25957267 0 0 -769987 25187280 209968353 0 -3491227 -3491227 206477126 183389033 0 0 0 5392957 5392957 177996076 8937331 244447 9181778 187177854 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The College maintains more than 17,000 works of art from antiquity to the present that comprise the permanent collection of the Mount Holyoke College Art Museum. This culturally and chronologically diverse collection is an important teaching and learning resource for faculty and students in all disciplines, and serves as a major cultural resource for area schools and the general public. Dedicated to providing firsthand experiences with works of significant aesthetic and cultural value, the Museum develops exhibitions that aim to provide aesthetic enjoyment, stimulate inquisitive looking and encourage understanding of artistic achievements across a diversity of cultures and time periods. Selected works of art are installed in the Art Museum's ten galleries and reception hall on a rotating basis and the Museum produces two to four special exhibitions each year in addition to its display of works from the permanent collection. The Museum integrates its collections, exhibitions and scholarly research with the curriculum of the College and the interests of the general public. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Mount Holyoke's endowment consists of approximately 1,600 funds established for a variety of purposes, including both donor restricted endowment funds and funds designated by the College to function as endowments. About 26% of the endowment income used to support the College's operations is unrestricted. Most of the endowed funds contain specific restrictions for the support of critical functions such as financial aid for students with demonstrated need, faculty salaries, library purchases, student and faculty research, internships and departmental programming. Endowment income provides approximately 25% of the College's annual operating budget revenues. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code and is generally exempt from income taxes pursuant to Section 501(a) of the Code. The College assesses uncertain tax positions and determined that there were no such positions that have a material effect on the financial statements. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Other includes Willits Hallowell Center revenue of 1,600,693, change in value of split interest agreements of 1,077,972, change in value of interest rate swaps of 4,192,590, change in FAS 158 pension benefit obligation of 1,099,619, endowment expenses of -8,937,331 and other endowment changes of 196,470. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Other includes cost of goods sold of -3,271,913, fundraising event expenses of -5,884, faculty housing expenses of -457,877, and 244,447 of expense netted with revenue on the financial statements. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Other includes Willits Hallowell Center expenses of 1,657,284, cost of goods sold of 3,271,913, fundraising event expenses of 5,884, and faculty housing expenses of 457,876. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other includes 244,447 in expense netted with revenue on the financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The College follows a nondiscriminatory policy toward faculty, students and staff, and with regard to students, includes this policy in most brochures and catalogues pertaining to student admissions, programs and scholarships. Mount Holyoke College has approximately 2,300 students who hail from 47 states and 81 countries. The College demonstrates its commitment to diversity by enrolling students of minority groups in meaningful numbers. The racially diverse student body consists of approximately 23% who are international citizens. Out of domestic students, 25% identify as African American, Asian American, Latina, or multiracial. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College receives federal grants for faculty research and student scholarships. 1 Central America and the Caribbean 0 0 Program Services Grant Aid 24225 Central America and the Caribbean 0 0 Program Services Study Abroad 49570 Central America and the Caribbean 0 0 Program Services Research 1500 Central America and the Caribbean 0 0 Investments 152195203 East Asia and the Pacific 0 0 Program Services Grant Aid 148688 East Asia and the Pacific 0 0 Program Services Research 38550 East Asia and the Pacific 0 0 Program Services Recruitment 8676 East Asia and the Pacific 1 1 Program Services Study Abroad 82098 East Asia and the Pacific 0 0 Fundraising Alumnae Meetings 8968 Europe (including Iceland and Greenland) 0 0 Program Services Research 150987 Europe (including Iceland and Greenland) 0 0 Program Services Grant Aid 857651 Europe (including Iceland and Greenland) 1 1 Program Services Study Abroad 333553 Europe (including Iceland and Greenland) 0 0 Program Services Recruitment 18189 Europe (including Iceland and Greenland) 0 0 Fundraising Alumnae Meetings 11260 Europe (including Iceland and Greenland) 0 0 Investments 14408570 Middle East and North Africa 0 0 Program Services Recruitment 4375 Middle East and North Africa 0 0 Program Services Grant Aid 13475 Middle East and North Africa 0 0 Program Services Research 8670 Middle East and North Africa 0 0 Fundraising Alumnae Meetings 654 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research and Conference 30551 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Recruitment 6842 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Grant Aid 54160 Russia and the newly independent States 0 0 Program Services Grant Aid 6600 Russia and the newly independent States 0 0 Program Services Research & Study Abroad 19920 South America 0 0 Program Services Grant Aid & Research 41343 South Asia 0 0 Program Services Research 10028 South Asia 0 0 Program Services Grant Aid 37161 Sub-Saharan Africa 0 0 Program Services Research 34005 Sub-Saharan Africa 0 0 Program Services Grant Aid 23814 2 2 168629286 North America (including Canada and Mexico, but not the United States) Co-sponsorship of Worldviews International Conference 10000 Check 0 1 0 Financial Assistance Central America and the Caribbean 5 24225 Check Financial Assistance East Asia and the Pacific 15 148688 Check Financial Assistance Europe (including Iceland and Greenland) 88 857651 Check Financial Assistance Middle East and North Africa 2 13475 Check Financial Assistance North America (including Canada and Mexico, but not the United States) 7 44160 Check Financial Assistance Russia and the newly independent States 2 6600 Check Financial Assistance South America 8 41275 Check Financial Assistance South Asia 10 36996 Check Financial Assistance Sub-Saharan Africa 4 23814 Check 1 0 0 1 1 1 SchF_P01_S00_L02 Schedule F, Part I, Line 2 All financial aid grants and scholarships to students are recorded in the financial aid management software, PowerFAIDS, by amount per semester. Student Financial Services staff determine student eligibility based on a consistently applied need analysis formula which calculates the expected family contribution (EFC). The EFC is subtracted from the total cost of attendance to equal the financial aid eligibility. The financial aid grant amount is determined based on consistently applied packaging formulas to meet the full calculated need of each student. Financial aid grant funds are monitored through the financial aid management software, PowerFAIDS, through fund tracking in the administration module. When requested by an institution for a student studying abroad, the College will complete a Financial Aid Information Sheet which includes detailed information about the types and amounts of financial aid being provided to the student, along with the total anticipated disbursement amount and the anticipated disbursement date to the student. Students use the financial aid funds they receive to pay the bill due to the foreign institution directly. In very rare instances, the College is contacted by the institution regarding an unpaid bill. The College will then contact the student to remind her that she is responsible for paying the institution using the funds sent to her (vs. MHC sending the funds directly to the institution). This usually occurs due to a misunderstanding and the situation is resolved promptly. Grant policy and procedures are reviewed annually by management. Staff who will be awarding financial aid grant funds are trained to adhere to these policies and procedures. *Infrequently at the discretion of the President or Vice President for Finance and Administration, the College collaborates with nonprofit organizations in carrying out its mission. This collaboration is one of the ways in which the College prepares and educates its students for purposeful engagement in the world. Friends of Athletics 25920 18525 7395 0 1450 0 0 0 4434 0 0 25920 18525 7395 0 1450 0 0 0 4434 5884 1511 1 Hampshire College Trustees 893 West Street Amherst MA 01002 046130872 501(c)(3) 7743 0 Sub-award for grant research. New England Public Radio Hampshire House Amherst MA 01003 046130523 501(c)(3) 31543 0 General support for local public radio station. Town of South Hadley 116 Main Street South Hadley MA 01075 046001303 20500 0 Support for fire department capital equipment fund and town revitalization project. University of Connecticut 233 Glenbrook Road U-4231 Storrs CT 06269 060772160 12267 0 Sub-award for grant research. University of Massachusetts 181 Presidents Drive Amherst MA 01003 043167352 7768 Sub-award for grant research. University of New Hampshire 51 College Road Durham NH 03824 026000937 20130 0 Sub-award for grant research. WAMC PO Box 66600 Albany NY 12206 222400593 501(c)(3) 60000 0 Support for the Academic Minute educational radio program featuring current academic research by professors throughout the world. 7 0 Student financial aid and fellowships for tuition, room and board expenses at Mount Holyoke College and other institutions within the United States. 1876 51246885 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All financial aid grants and scholarships to students are recorded in the financial aid management software, PowerFAIDS, by amount per semester. Student Financial Services staff determine student eligibility based on a consistently applied need analysis formula which calculates the expected family contribution. (EFC). The EFC is subtracted from the total cost of attendance to equal the financial aid eligibility. The financial aid grant amount is determined based on consistently applied packaging formulas to meet the full calculated need of each student. In addition to the need based aid that the College awards, there are some grants that are awarded based on merit. Financial aid grant funds are monitored through the financial aid management software, PowerFAIDS, through fund tracking in the administration module. Staff who will be awarding financial aid grant funds are trained to adhere to these policies and procedures.*During the fiscal year the College conducted grant-funded research. Four of the research grants included collaboration with institutions whose faculty are accomplished in their respective fields of study.* Infrequently, at the discretion of the President or Vice President for Finance and Administration, the College makes donations to support the town or nonprofit organizations. In these instances, the College generally does not monitor the ultimate use of the funds as these amounts are unrestricted grants to municipalities and organizations that are recognized as being described in Internal Revenue Code Section 501(c)(3). In certain instances when the College grants funds for specified use by the town, the College maintains a written agreement that such grant will be used for the designated purpose. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Lynn Pasquerella 353028 0 0 0 64185 0 26250 0 7222 0 450685 0 0 0 Benjamin Hammond 211169 0 0 0 0 0 23331 0 23497 0 257997 0 0 0 Christopher Benfey 209346 0 0 0 0 0 22806 0 20320 0 252472 0 0 0 Diane Anci 176746 0 0 0 15000 0 21525 0 25700 0 238971 0 0 0 MaryAnne Young 178682 0 0 0 0 0 18762 0 36471 0 233915 0 0 0 Cerri Banks 180201 0 0 0 0 0 19089 0 6738 0 206028 0 0 0 Sarah Sutherland 132302 0 0 0 0 0 14123 0 7255 0 153680 0 0 0 Nancy Campbell 75909 0 0 0 269953 0 8255 0 39869 0 393986 0 0 0 Janice Hudgings 201707 0 0 0 0 0 12592 0 11611 0 225910 0 0 0 Eva Paus 163292 0 0 0 0 0 17327 0 17603 0 198222 0 0 0 John Stomberg 136752 0 0 0 27825 0 14317 0 654 0 179548 0 0 0 Melinda Darby Dyar 158249 0 0 0 0 0 11426 0 213 0 169888 0 0 0 Lee Bowie 95762 0 0 0 35828 0 15110 0 24671 0 171371 0 0 0 Charles Haight 122452 0 0 0 2147 0 12946 0 1175 0 138720 0 0 0 Donal O'Shea 108764 0 0 0 3120 0 11728 0 15820 0 139432 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a When traveling for College business, the President uses a travel agent to book her overseas flights and, on occasion, she flies business class. During the year on one occasion when business class was sold out, the President traveled first class from Korea to New York. *The College's Companion Travel Policy states that in occasional authorized circumstances the College will pay or reimburse for travel, meals and expenses of the spouse/partner of an officer. Specifically, while performing her official duties in the areas of advancement, alumnae relations and other business of the College, the President may be accompanied by her spouse/partner, who is expected to make an important contribution to achieving the purpose of the travel or events. In those cases, the College's policy is to authorize the payment of all travel and related expenses of the President's spouse/partner. Under the accountable travel plan of the College, all expenses must be documented and receipts provided. In addition, when companion travel is covered, the following conditions must be met in order to exclude travel costs from the taxable income of the employee: 1. The spouse/partner attends and contributes to the official function. 2. The purpose of the travel, the activities of the spouse/partner relating to College business and the expenses incurred are fully documented. Any spouse/partner travel other than that of the President must be approved, in advance, by the President. *The Board of Trustees recognizes the unique role the President and other senior administrators play in supporting alumnae and advancement activities, campus events, and other official functions. Accordingly, as a condition of employment and for the convenience of the College, College owned or leased housing is provided to the President and the Dean of Faculty to fulfill these duties. Such housing provided to the President is approved by the Board of Trustees and housing provided to other senior administrators is approved by the President. For the President's house, the College provides custodial personnel and appropriate equipment and supplies necessary to keep the residence's appearance and cleanliness at acceptable standards. The cost of time spent cleaning the personal quarters of the President's house is included in the Form W-2 of the President. *The College pays for the President's memberships in two social clubs, one to provide a location for New York City College related events and meetings, and the other to provide off site meeting space. Since these memberships are exclusively for business related events, no amounts are included in compensation or benefits. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 For a description of the process used to determine the President's compensation, please refer to Schedule O, Part VI, Section B, Line 15. A Massachusetts Development Finance Agency Mount Holyoke College Issue Series 2008 043431814 57583RUS2 2008-03-27 40231354 Construct and equip campus facilities 0 0 0 B Massachusetts Development Finance Agency Mount Holyoke College Issue Series 2011A and 2011B 043431814 57583UFU7 2011-06-09 76131942 To refund 2001 bond issue and to construct and improve campus facilities 0 0 0 A 0 0 40231354 0 0 0 456354 0 0 39775000 0 0 2008 1 0 1 1 B 45144582 0 76131942 0 0 0 569268 0 0 22165373 0 8252719 1 0 0 1 A 0 0 0 1 0 0 0.0035 0.0035 0 0 1 B 0 0 0 1 0 0 0.0032 0.0032 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 SchK_P03_S00_L03c Schedule K, Part III, Line 3c The College receives government grant funding for basic research for the advancement of scientific knowledge with no commercial objective. Some research takes place in campus facilities that were constructed or renovated using tax exempt bond proceeds; however, the College meets the safe harbor for reporting this research as not being private use. SchK_P03_S00_L03d Schedule K, Part III, Line 3d Management reviews all contracts related to bond financed facilities and has engaged bond counsel to review any agreements that are deemed significant. SchK_P04_S00_L02c Schedule K, Part IV, Line 2c The College contracted with a third party to prepare the March 27, 2013 rebate computation for the Series 2008 issue and the June 30, 2013 rebate computations for the Series 2011A and 2011B issues. Name not required Not required for colleges 36135 Tuition Remission & Exchange Tuition Benefits for Children Adage Capital Management LP Partner is Trustee's Husband 519192 Investment Management Fees 0 SchL_P04_S00_L00 Schedule L, Part IV The College has invested in Adage Capital Partners LP since October 2001. This investment was vetted by Cambridge Associates, an independent investment advisory firm that performs due diligence and makes recommendations for investments. During the fiscal year ending June 30, 2013, Elizabeth Cochary Gross, a Mount Holyoke College alumna, was voted in as a Trustee and her husband is a partner at Adage Capital Management LP. X 17 761998 Opinions of experts X 1 5000 Opinions of experts X 232 5714369 Market value X Rowing Ergometers 1 6100 Fair value 9 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b For gifts of tangible real or personal property that do not meet the College's mission objectives, the College engages the services of an auction house or real estate agent to sell the property and transfer the proceeds to the College. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a According to the College's by-laws, five Trustees known as Alumna Trustees, shall be elected by the alumnae in accordance with the by-laws of the Alumnae Association. One Alumna Trustee shall be elected each year to serve for a period of five years. In addition, the President of the Alumnae Association shall serve as a sixth Alumna Trustee during her term of office. The election of Trustees, other than Alumnae Trustees, may be held at any regular or special meeting provided that written notice of such election, including the names of nominees, has been made at least three days prior to the meeting. Nominations shall be made by the Nominating and Governance Committee. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Annual review of the College's Form 990 is delegated to the Audit Committee. The Nominating and Governance Committee is responsible for reviewing the compensation sections of the Form 990 and reporting back to the Audit Committee. This process permits the group of Trustees (the Audit Committee) who are most knowledgeable to review the document on behalf of the entire Board. The Audit Committee reports any findings to the Board of Trustees and the complete copy of the Form 990 is provided to each member prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College requires each member of the Board of Trustees to complete and file a Conflict of Interest Disclosure Form with the Secretary of the Board of Trustees annually. If the Trustee does not return the form then the Assistant to the Board of Trustees sends a second form for completion. If that is not returned, then the Trustee is asked to complete and submit the form at the next Board of Trustee meeting. In addition, each officer and key employee is asked to complete and file a Conflict of Interest Disclosure Form annually. The Vice President for Finance and Administration ensures that the completed forms are returned by all officers and key employees. The information on the submitted forms is summarized by the Vice President for Finance and Administration who provides a copy of the summary to the Audit Committee annually. The Audit Committee reviews the information disclosed and advises the President and the Chair of the Board as to potential conflicts. The Audit Committee may, at its discretion, delegate this annual review to the Chair of the Committee. By signing the Annual Conflict of Interest Disclosure Form, each individual agrees to answer any questions that Board members may have about potential conflicts. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually, the Human Resources Department assembles comparative salary data for all senior/executive positions at the College including: President and all Vice Presidents (Vice President for Academic Affairs/Dean of the Faculty, Vice President for Finance and Administration, Vice President for Advancement/Development, Vice President for Student Affairs/Dean of the College, and Vice President for Enrollment and College Relations) and the Assistant/Senior Advisor to the President. This process was last undertaken in May 2013 for each of the positions mentioned above. Salary data for these executive positions is compiled from the Administrators in Higher Education Salaries Survey conducted annually by the College and University Professional Association for Human Resources (CUPA-HR) and assembled and analyzed using several views (25th and 75th percentiles, median, and mean) for salary data from all private independent institutions by comparable budget quartile as Mount Holyoke College, and from participating Consortium on Financing Higher Education (COFHE) institutions. In addition, Mount Holyoke College participates in a survey on executive total compensation which is conducted annually by a third party compensation consultant (currently conducted by Sullivan, Cotter & Associates). Twenty-seven of the College's peer institutions also participate in this survey. Salary data from this survey is analyzed in a similar fashion to the CUPA-HR data. This salary data, along with salaries of current Mount Holyoke College incumbents, is assembled and shared with the Chair of the Board of Trustees and with the Chair of the Nominating and Governance Committee. The data is then presented to the full Nominating and Governance Committee for discussion and decision on what salary adjustments, if any, will be recommended and brought to the full Board for a vote at their executive session. The Chair of the Board of Trustees is responsible for the oversight of the review of performance of the President. The President is responsible for oversight of performance management for the Vice Presidents. With regard to the President's compensation, in addition to comparative salary data, the Human Resources Department also assembles a summary report of Presidential "total" compensation. This report is also reviewed by and discussed with the Nominating and Governance Committee and shared with the entire Board at their executive session.The process for determining the compensation of the College's officers meets the three requirements of the rebuttable presumption standard. The compensation arrangements are approved in advance by the organization's Nominating and Governance Committee. The Committee is appointed by the Board of Trustees for the purpose of assisting the Board to fulfill its responsibility to the College and the community to ensure the compensation is in accordance with the College's policies. As mentioned, prior to making any compensation decisions, the Nominating and Governance Committee obtains and relies upon appropriate data as to comparability. The Committee utilizes compensation surveys that include comparable institutions to set compensation levels. Finally, the Nominating and Governance Committee adequately and timely documents the basis for setting compensation concurrently with the making of the determination. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College makes its bylaws, conflict of interest policy and financial statements available to the public via the Mount Holyoke College website. In addition, the audited financial statements and Form 990 are available on the website of the Massachusetts Attorney General. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a The Trustees of Mount Holyoke College devote approximately .10 hours per week and the President, Treasurer and Secretary of the College devote approximately 1 hour per week to Willits Hallowell Center Inc., a related 501(c)(3) organization. F990_P11_S00_L09 Form 990, Part XI, Line 9 Other changes include Willits Hallowell Center support of -62,278, change in value of interest rate swaps of 4,192,590, change in FAS 158 pension liability of 1,099,619, change in the value of split interest agreements of 1,077,972, and other endowment changes of 196,470. Willits Hallowell Center Inc c/o Mount Holyoke College 50 College Street South Hadley MA 01075 042565823 MHC Meetings MA 501(c)(3) 11(d) The Trustees of Mount Holyoke College 1 Alumnae Association of Mount Holyoke College c/o Mount Holyoke College 50 College Street South Hadley MA 01075 042105894 Alumnae Networking MA 501(c)(3) 11(a) N/A 0 Associated Kyoto Program Inc Smith College Controllers Office College Hall Room 204 Northampton MA 01063 042996114 Educational Exchange MA 501(c)(3) 11(d) N/A 0 Center Redevelopment Corporation 17 College Street South Hadley MA 01075 042939950 Real Estate MA 501(c)(3) 11(a) N/A 0 The Center Business Corporation 17 College Street South Hadley MA 01075 042983326 Small business investment MA Mount Holyoke College C -565 11937 1 1 Charitable Remainder Unitrusts (21) c/o Mount Holyoke College 50 College Street South Hadley MA 01075 Charitable Trust MA Mount Holyoke College T 1 Charitable Remainder Unitrusts Make Up (3) c/o Mount Holyoke College 50 College Street South Hadley MA 01075 Charitable Trust MA Mount Holyoke College T 1 Perpetual Trust (1) c/o Mount Holyoke College 50 College Street South Hadley MA 01075 Charitable Trust MA Mount Holyoke College T 1 Pooled Income Funds (2) c/o Mount Holyoke College 50 College Street South Hadley MA 01075 Charitable Trust MA Mount Holyoke College T 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 Willits Hallowell Center Inc l 190740 Overhead Allocation Willits Hallowell Center Inc m 443394 Internal Sales Willits Hallowell Center Inc n 350000 Estimated fair market value of building Willits Hallowell Center Inc r 62280 Willits Hallowell Center subsidy Pooled Income Funds (2) s 1264258 Mandatory Transfers