2013-05-14T09:21:58-05:00 2012-06-30 990 2011-07-01 020222111 Trustees of Dartmouth College TRUS 6036463011 7 Lebanon Street Suite 302 No 6015 Hanover NH 03755 Gail Goodness 6036463011 2013-05-14 2011 2016-02-24 21:20:13Z Jim Yong Kim 7 Lebanon Street Suite 302 No 6015 Hanover NH 03755 8651591165 0 X www.dartmouth.edu X 1769 NH Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge. 26 18 10046 15527 14013792 -2715370 316726888 332464631 427007655 445592543 198165265 166846502 17307400 22800969 959207208 967704645 126384248 129556469 0 0 439093629 444510823 0 0 32246061 329483116 364527988 894960993 938595280 64246215 29109365 5828845616 5956433367 1765644068 1954848215 4063201548 4001585152 X Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge. 0 0 488452970 120581149 349612615 4a. Education and Academic Support: The cycle of learning-discovery, dissemination, and implementation-occurs at Dartmouth as in few other places in the world. Through person-to-person teaching and opportunities to create and apply knowledge on campus and across the globe, Dartmouth instills love of learning among students and empowers them for a lifetime of leadership. Academics at Dartmouth are innovative, interdisciplinary, international, and individualized for each student. Each student's experience is distinguished by breadth, depth, and personal connections with top faculty. The institution comprises the Faculty of the Arts & Sciences and three professional schools: the Thayer School of Engineering, the Tuck School of Business, and Dartmouth Medical School. Dartmouth's 1,016-person faculty teaches and guides almost 6,100 undergraduate and graduate students. Dartmouth's library system directly supports the research and teaching mission of Dartmouth College, as well as the life-long learning needs of the Dartmouth community, by providing access to more than 35,000 digital resources such as indexes, databases and journals, 20,000 print and digital journal titles, 2.7 million books, 12,000 videos, 190,000 maps, 35,000 sound recordings and 450,000 photographs. State -of-the-art computing resources are available to faculty and students to foster innovation and excellence in research and in the curriculum. 189416081 8139873 13992753 4b. Research & Research Support: At Dartmouth, teaching and research are inextricably linked. Dartmouth offers undergraduate students a rigorous curriculum at the forefront of higher education and Dartmouth faculty pursue research at the highest levels of their disciplines. More than 1,000 undergraduate students conduct independent study through one-on-one supervision with a faculty member or work as a member of a research group in state-of-the-art facilities. Dartmouth is home to world-class scholars in the Faculty of Arts & Sciences, the Thayer School of Engineering, the Tuck School of Business, and the Dartmouth Medical School-which has strong ties to the Dartmouth-Hitchcock Clinic and the Mary Hitchcock Memorial Hospital. In addition, Dartmouth has more than 50 centers, institutes, research groups, and laboratories in areas ranging from medicine to social policy, from engineering to business. Many of these are interdisciplinary and join faculty and students from across the College to work on complex issues. During fiscal 2012, faculty and others engaged in sponsored activity received $211.0 million in awards from external funding agencies. 140862440 835447 81987174 4c. Campus Life: Our close-knit community is a distinctive and enduring feature of the Dartmouth experience. For students, the process of joining and adapting to a new community can be as educationally significant as their academic work. For this reason, Dartmouth invests resources in creating a community that is both stimulating and nurturing. Nearly 90% of Dartmouth undergraduates live on campus and Dartmouth's diverse dining facilities are the hub of many social activities. Athletics at Dartmouth compliment the overall academic and intellectual growth of Dartmouth students, with more than 75% of undergraduates participating in at least one of the 34 varsity teams, 30 club sports teams and dozens of intramural squads offered at the College. In addition, facilities such as the Hanover Country Club, Dartmouth Skiway, and Morton Farm provide an opportunity for recreation and learning beyond the classroom. There are also approximately 350 student groups which allow students to explore interests in the diverse areas, including community service, the environment, music, dance, politics and journalism. 818731491 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 0 1 X 2110 0 1 10046 1 1 1 1 GM SP FR IT UK EI NZ CH 0 0 0 1 1 0 0 0 0 0 0 X 26 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH MA X Controller's Office 6036463011 7 Lebanon Street Suite 302 Hanover NH 03755 Gail Boudreaux 3.00 X 0 0 0 R William Burgess Jr 3.00 X 0 0 0 James Coulter 3.00 X 0 0 0 John Donahoe 3.00 X 0 0 0 Denise Dupre 3.00 X 0 0 0 Gregg Engles 3.00 X 0 0 0 R Bradford Evans 3.00 X 0 0 0 Nathaniel Fick 0.10 X 0 0 0 Marye Anne Fox 3.00 X 0 0 0 Annette Gordon-Reed 3.00 X 0 0 0 Charles Haldeman Jr 3.00 X 0 0 0 William Helman IV 3.00 X 0 0 0 David Hodgson 0.10 X 0 0 0 Jeffrey Immelt 3.00 X 0 0 0 Richard Kimball 0.10 X 0 0 0 Morton Kondracke 3.00 X 0 0 0 John Lynch 0.10 X 0 0 0 Stephen Mandel Jr 5.00 X 0 0 0 Sherri Oberg 3.00 X 0 0 0 Trevor Rees-Jones 3.00 X 0 0 0 John Replogle 3.00 X 0 0 0 John Rich 3.00 X 0 0 0 Laurel Richie 0.10 X 0 0 0 Peter Robinson 3.00 X 0 0 0 Thurman Rodgers 3.00 X 0 0 0 Steven Roth 3.00 X 0 0 0 Peggy Epstein Tanner 3.00 X 0 0 0 Diana Taylor 3.00 X 0 0 0 Benjamin Wilson 0.10 X 0 0 0 Jim Yong Kim 40.00 X X 809582 0 108043 Carol Folt 40.00 X 525860 0 74221 Steven Kadish 40.00 X 476281 0 31692 Robert Donin 40.00 X 362563 0 23823 Michael Mastanduno 40.00 X 347893 0 47311 Pamela Peedin 40.00 X 825429 0 46581 Carolyn Pelzel 40.00 X 426048 0 37577 Linda Snyder 40.00 X 259173 0 29886 Wiley Souba 40.00 X 792749 0 46798 Michael Wagner 40.00 X 235162 0 46282 Paul Danos 40.00 X 579302 0 39937 Sydney Finkelstein 40.00 X 610181 0 45780 Richard Freeman Jr 40.00 X 716969 0 46798 Vijay Govindarajan 40.00 X 559538 0 41063 Megan Hammond 40.00 X 553869 0 45552 James Wright 40.00 X 609402 0 35878 Adam Keller 40.00 X 732572 0 44184 Barry Scherr 40.00 X 344396 0 43204 William Green 40.00 X 376840 0 23422 10143809 0 858032 19 1 1 0 Bond Brothers Inc 145 Spring Street Everett MA 02149 Construction and general contractor 25694602 Engelberth Construction Inc 428 Main Street Keene NH 03431 Construction and general contractor 19835127 William A Berry & Son Inc 99 Confier Hill Drive Danvers MA 01923 Construction and general contractor 19066928 Dartmouth Hitchcock Medical Center One Medical Center Drive Lebanon NH 03756 Medical Research 14026776 Mary Hitchcock Memorial Hospital One Medical Center Drive Lebanon NH 03756 Medical Research 7042786 135 242895 135214 137478154 194608368 27584055 332464631 Tuition and Fees 611600 294530418 294530418 Auxiliary Service 611710 60251704 58355803 1895901 Medical Related 611600 52951135 52951135 All other 611600 21796345 21395147 401198 Other Education Relate 611600 16062941 16012244 50697 445592543 48997279 -3955288 52952567 607 607 11018782 11018782 20024075 15379351 4644724 4644724 140181 4504543 7767703443 18601454 7668288341 167940 99415102 18433514 117848616 15481103 102367513 104977 135214 50888 54089 54089 Split interest distrib 525920 4792954 4792954 Other revenue 900099 2290420 2290420 7083374 967704645 443244747 14013792 177981475 72500 72500 125604790 125604790 3879179 3879179 5850885 1193043 4150281 507561 2386964 1417769 969195 376465354 319748269 38845505 17871580 28222829 23516639 3329685 1376505 9500438 7861862 1172662 465914 22084353 18274778 2726517 1083058 343801 342897 904 1763530 440745 1321713 1072 532933 16318 516615 143227 143227 4366094 4366094 91149811 79757901 5623385 5768525 1861599 1518256 152244 191099 23789730 19862931 1834892 2091907 10105687 4573324 5352013 180350 861575 859025 1800 750 44650922 41138971 3339224 172727 25708742 22513518 1427580 1767644 1909865 1712340 126516 71009 39888381 32306478 7553942 27961 52848319 49698499 3085342 64478 1541182 1012180 514614 14388 Purchase for resale 17825759 17774837 50922 Book & media 11366253 11204003 94106 68144 Non Cap Equipment 6196481 5905617 265213 25651 Other equip rental and 4537528 3976270 393601 167657 23136569 22548552 259936 328081 938595280 818731491 87617728 32246061 13996187 16467473 325954784 288561537 196557324 172264840 25786341 41948205 49313605 82959638 3247346 3138932 9090440 7985518 1531977545 604283506 863626457 927694039 825220553 1018935921 3338016426 3343678775 3497678 1467510 174538475 51330979 5828845616 5956433367 81700260 72748697 33442218 37238516 572515000 553975000 47640568 42587930 48011260 51664512 287000000 519000000 695334762 677633560 1765644068 1954848215 X 1109343687 997455402 1980299255 1983898473 973558606 1020231277 4063201548 4001585152 5828845616 5956433367 X 29109365 -90725761 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 1 0 1 106600 1 36627 0 0 143227 0 Explanation of Lobbying Activities: Part II-B, Line 1: Meetings were held with US Senators, Congressional Representatives, and White House staff to discuss matters relating to federally funded research programs and the field of health care delivery science. Meetings were held with members of the State of New Hampshire Legislature for matters including the New Hampshire Hospital contract. Meetings were held with local officials to discuss matters including zoning changes and town planning. 7 1047930 442365 4460513 1 1 X X X X 1 0 1 3413406772 60905749 197299445 -41034271 -144194276 3486383419 2998302307 52718726 541549240 -39486695 -139676806 3413406772 2824894018 82027937 298314278 -47197989 -159735937 2998302307 3660159037 90714805 -691492222 -53107545 -181380057 2824894018 0 0 19090476 19090476 1011851115 369783401 642067714 268719034 168050940 100668094 232316920 66449165 165867755 927694039 Private Equity/Venture Capital Limited Partnership 961639629 F Private Equity/Venture Real Estate & Real Asset Limited Partnership 847110045 F Private Equity/Venture Other Investments 5706131 F Cash & Cash Equlivalents and Commingled 83 F Fixed Income Securities and Commingled Funds 78600 F Global Equity Commingled Funds 667489346 F Marketable Alternative Strategies Commingled Funds 861654941 F 3343678775 Mark to market liability on interest rate swap agreements 216305661 Employee Benefit Liabilities 315980100 Pending Trades Liability 98222690 Conditional asset retirement obligation 21665289 Government advance, student loans 20191757 Other 5268063 677633560 Description of Uncertain Tax Positions Under FIN 48: Part X: Dartmouth believes it has taken no significant uncertain position tax positions. Part III, Line 1a Dartmouth's collections include works of art, literary works, historical treasures, and artifacts that are maintained in its museum and libraries. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sale to be used to acquire other items for collections. The collections, which were acquired through purchases and contributions since Dartmouth's inception, are not recognized as assets in the Statement of Financial Position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or in temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not recorded in the financial statements. Part III, Line 4 Collections at Dartmouth College exist in two primary areas: the Hood Museum of Art (the Hood) and the Dartmouth College library system. The Hood Museum of Art at Dartmouth College is one of the oldest and largest college museums in the country. The collections of the Hood, which number some 65,000 objects, are rich, diverse, and available for the use by both Dartmouth and the broader community. Access to works of art is provided through permanent collection displays, the online collections database, special exhibitions, the website, scholarly publications, and programs and events. These exhibits and programs are an exciting learning resource for students and the academic community. The Hood offers a vital curricular resource, a source for lectures, gallery talks, symposia, and receptions for the public, and an on-line database of thousands of works. The Dartmouth College Library fosters intellectual growth and advances the mission of Dartmouth College and affiliated communities by supporting excellence and innovation in education and research, managing and delivering information, and partnering to develop and disseminate new scholarship. The Rauner Special Collections Library houses Dartmouth's Archives, the Rare Books Collections, and the Manuscripts Collection. Dartmouth's Archives documents the history of the College through the historical records of the institution and the three professional schools, as well as the history of the surrounding area through selected collections related to local businesses and organizations. Totaling more than 100,000 volumes, Dartmouth's rare book collections constitute a resource of major importance to the institution and the scholarly world at large. The manuscript collections contain over six and a half million unique and original items. Dartmouth students, faculty, staff and outside researchers are all welcome to make use of Rauner Library's extensive holdings of rare books, manuscripts, and archival documents for their research. Part IV, Line 2 Certain donors have established irrevocable split-interest agreements with Dartmouth, primarily charitable gift annuities, pooled life income funds, and irrevocable charitable remainder trusts, whereby the donated assets are invested and a liability is recognized for distributions to be made in accordance with the agreements. In addition, Dartmouth maintains the Dartmouth Donor Advised Fund (DDAF) to enable philanthropic individuals and families to streamline the management of their charitable gifts. Through the DDAF, Dartmouth receives, invests and administers gifts to Dartmouth and other charitable organizations on the donors' behalf. For all residental rental properties and some commercial rental properties, Dartmouth collects one month's rent which it holds in escrow to be used, if necessary, to pay for damages identified when the property is vacated. Part V, Line 4 Dartmouth's endowment plays a critical role in supporting the current and future work of Dartmouth. Its investment and spending policies are designed to balance the needs of current Dartmouth students with the needs of future generations of Dartmouth students. Earning long-term returns that maintain the inflation-adjusted purchasing power of the endowment underpins this concept of intergenerational equity. The endowment is composed of both restricted funds, for which donors designate a specific purpose for their gifts, and unrestricted funds. There are over 5600 separate funds that make up Dartmouth's endowment. Dartmouth's endowment spending policy seeks to balance the competing objectives of supporting the current generation of students and faculty with the need to preserve the endowment's purchasing power for future generations. Distributions from the endowment, which are approved annually by the Board of Trustees, are intended to support Dartmouth's mission by contributing funding to a variety of needs in academic, research and student life activities. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The College's racially nondiscriminatory policy is widely publicized through a variety of print and electronic media. The notification language set forth in Section 403 Rev of Rev. Proc. 75-50 is included in the College's brochures and other publications which are available to the general public. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Dartmouth College received federal and state funding in support of its instructional and research programs. 1 Antarctica Program Services Research 8251 Antarctica Program Services Education 2551 Central America and the Caribbean Investment 809798292 Central America and the Caribbean Program Services Research 50813 Central America and the Caribbean Program Services Education and educational consulting 75587 Central America and the Caribbean Program Services Study-abroad programs 113707 Central America and the Caribbean Program Services Volunteer Services 64928 East Asia and the Pacific Program Services Research 114094 East Asia and the Pacific Program Services Education and educational consulting 906198 East Asia and the Pacific Program Services Study-abroad programs 717031 East Asia and the Pacific Progam Services Volunteer Services 39809 Europe Investment 41535607 Europe Program Services Research 649435 Europe Program Services Education and educational consulting 1846228 Europe Program Services Study-abroad programs 3936093 Europe Program Services Volunteer Services 42086 Europe 1 Fundraising 86889 Middle East and North Africa Program Services Research 24975 Middle East and North Africa Program Services Education 66782 Middle East and North Africa Program Services Study-abroad programs 212164 Middle East and North Africa Program Services Volunteer Services 36197 North America Program Services Research 106005 North America Program Services Education 238686 North America Program Services Study-abroad programs 74245 Russia and the Newly Independent States Program Services Study-abroad programs 44764 Russia and the Newly Independent States Program Services Edcuation and educational counsulting 12650 Russia and the Newly Independent States Program Services Volunteer Services 3900 South America Program Services Research 43130 South America Program Services Education and educational consulting 240532 South America Program Services Study-abroad programs 257346 South America Program Services Volunteer Services 72422 South Asia Program Services Research 182 South Asia Program Services Education and educational consulting 407231 South Asia Program Services Study-abroad programs 67663 South Asia Program Services Volunteer Services 53197 Sub-Saharan Africa Investment 4627656 Sub-Saharan Africa Program Services Research 338923 Sub-Saharan Africa Program Services Education and educational consulting 209564 Sub-Saharan Africa Program Services Study-abroad programs 173109 Sub-Saharan Africa Program Services Volunteer Services 172180 0 0 0 1 0 1 810228223 57242879 867471102 Scholarships/Tuition Remission Central America and the Caribbean 6 86641 Student scholarships FMV Scholarships/Tuition Remission East Asia and the Pacific 42 573161 Student scholarships FMV Scholarships/Tuition Remission Europe 198 2739522 Student scholarships FMV Scholarships/Tuition Remission Middle East and North Africa 5 66647 Student scholarships FMV Scholarships/Tuition Remission North America 9 126629 Student scholarships FMV Scholarships/Tuition Remission Russia and Newly Independent States 2 33323 Student scholarships FMV Scholarships/Tuition Remission South America 8 106635 Student scholarships FMV Scholarships/Tuition Remission South Asia 4 59982 Student scholarships FMV Scholarships/Tuition Remission Sub-Saharan Africa 6 86641 Student scholarships FMV 1 0 1 1 1 1 Part I, Line 2: Grants distributed by the College consist primarily of scholarships, fellowships and related support given to Dartmouth students. Scholarships are awarded based on the financial need of the student. Scholarship applications are reviewed by a financial aid officer. Financial aid officers are expected to recuse themselves from any case in which they either have a personal interest or feel they cannot be impartial. A random sampling of cases read by each undergraduate financial aid officer is reviewed by the Associate and Senior Associate Directors to ensure compliance with federal regulations, adherence to Dartmouth policies, consistency in results and accuracy. Scholarships are credited to an individual student's account through the Banner Student Information System after the student has enrolled for the term (these credits are included in "non-cash assistance" above). Scholarship funds are withdrawn if the student ceases to be enrolled. Fellowships are granted in support of a student's educational or research endeavors. All educational and research work is monitored by Dartmouth faculty. Golf Tournament 117401 62536 54865 661 10821 11404 14824 Tuck Auction 68593 66198 2395 1105 1295 3872 1709 3 54197 6480 47717 805 3200 1192 240191 135214 104977 1466 11926 15899 3872 17725 50888 54089 1 Roundabout Theatre Company 231 West 39th Street Suite 1200 New York NY 10018 136192346 501(c)3 25000 Distribution from donor advised fund The Esperanza Academy 198 Garden Street Lawrence MA 01840 731722348 501(c)3 6000 Distribution from donor advised fund The Arts Council of Southern Finger Lakes 32 West Market Street Corning NY 14830 160999315 501(c)3 7500 Distribution from donor advised fund Spirial-E Solutions LLC 5 Vinje Court Madison WI 53716 454014742 10000 Greener Ventures Award PayorPass Inc 20 Gloucester 6 Boston MA 02115 454289785 25000 Greener Ventures Award 3 2 Scholarships/Tuition Remission 3433 192811 117960285 FMV Student Scholarships/tuition remission and employee tuition reimbursement Fellowships 1151 10480523 208827 FMV Student Fellowships/Employment Internships 452 899384 FMV Student Paid Internships Health Insurance Subsidy 716 11004 1286133 FMV Subsidize health insurance cost for graduate students Prizes and Awards 451 305947 79298 FMV Achievement recognition awards to individual students Part I, Line 2: Grants distributed by the College consist primarily of scholarships, fellowships and related support given to Dartmouth students. Scholarships are awarded based on the financial need of the student. Scholarship applications are reviewed by a financial aid officer. Financial aid officers are expected to recuse themselves from any case in which they either have a personal interest or feel they cannot be impartial. A random sampling of cases read by each undergraduate financial aid officer is reviewed by the Associate and Senior Associate Directors to ensure compliance with federal regulations, adherence to Dartmouth policies, consistency in results and accuracy. Scholarships are credited to an individual student's account through the Banner Student Information System after the student has enrolled for the term (these credits are included in "non-cash assistance" above). Scholarship funds are withdrawn if the student ceases to be enrolled. Fellowships are granted in support of a student's educational or research endeavors. All educational and research work is monitored by Dartmouth faculty. X X X X X X 0 1 X X X X X X 1 1 0 0 0 0 0 1 1 0 Jim Yong Kim 768162 0 0 0 41420 0 40450 0 67593 0 917625 0 0 0 Carol Folt 518300 0 0 0 7560 0 22050 0 52171 0 600081 0 0 0 Steven Kadish 468052 0 0 0 8229 0 22050 0 9642 0 507973 0 0 0 Robert Donin 356801 0 0 0 5762 0 22050 0 1773 0 386386 0 0 0 Michael Mastanduno 331854 0 0 0 16039 0 22050 0 25261 0 395204 0 0 0 Pamela Peedin 365209 0 450000 0 10220 0 25050 0 21531 0 872010 0 0 0 Carolyn Pelzel 414399 0 0 0 11649 0 22050 0 15527 0 463625 0 0 0 Linda Snyder 251437 0 0 0 7736 0 21824 0 8062 0 289059 0 0 0 Wiley Souba 722809 0 0 0 69940 0 25050 0 21748 0 839547 0 0 0 Michael Wagner 224449 0 0 0 10713 0 21002 0 25280 0 281444 0 0 0 Paul Danos 556554 0 0 0 22748 0 22050 0 17887 0 619239 0 0 0 Sydney Finkelstein 596846 0 0 0 13335 0 22050 0 23730 0 655961 0 0 0 Richard Freeman Jr 681242 0 25000 0 10727 0 25050 0 21748 0 763767 0 0 0 Vijay Govindarajan 551520 0 0 0 8018 0 22050 0 19013 0 600601 0 0 0 Megan Hammond 261642 0 281514 0 10713 0 22050 0 23502 0 599421 0 0 0 James Wright 573394 0 0 0 36008 0 22050 0 13828 0 645280 0 0 0 Adam Keller 339655 0 0 0 392917 0 24500 0 19684 0 776756 0 369673 0 Barry Scherr 322623 0 0 0 21773 0 24500 0 18704 0 387600 0 0 0 William Green 376804 0 0 0 36 0 22050 0 1372 0 400262 0 0 0 Part I, Line 1a First-class travel and companion travel Dartmouth travel policy allows for first or business class air travel for business purposes in limited circumstances. Consistent with this policy, on infrequent occasions senior officers flew first class with the President's approval. The lack of a major commercial airport within 80 miles of Dartmouth requires use of charter air travel to fulfill the business travel requirements of the President. For this reason, the President had access for business purposes to charter flight service, the cost of which was fully defrayed by private donations designated for this purpose. The President's wife occasionally traveled with him for business purposes including participating in alumni events and meetings with key constituent donors on Dartmouth's behalf. The former Dean of the Medical School's wife, who is an employee of Dartmouth travelled with him on one occasion in her role as a research assistant. Tax indemnification and gross-up payments During calendar 2011, Dartmouth elected to pay the tax obligations that arose from certain compensation transactions for two individuals. These payments were treated as taxable compensation. Housing Allowance or residence for personal use Dartmouth provided housing for the President and Provost. These arrangements were for Dartmouth's convenience and a condition of employment and therefore were not taxable to the individual. Dartmouth provided housing to the Dean of the Geisel School of Medicine. The value of the housing was reported as taxable income. Health or Social Club Dues Dartmouth provided the President with a membership to the Hanover Country Club and passes to the Dartmouth Skiway. The value of these items was recognized as imputed income to the President. Personal Services Darmouth provided housekeeping services for cleaning and maintaining the President's house. The value of services provided for personal living space was recognized as imputed income to the President. Part I, Line 1b Policy regarding payments received in 1a Dartmouth followed guidance set forth in the tax regulations relevant to the items listed in Line 1a, but did not have a separate written document in fiscal 2012. Part I, Lines 4a-b Severance Payments Adam Keller received $377,449 in reportable compensation during calendar 2011 under a severance arrangement awarded during fiscal 2010. Participate in or receive payments from Nonqualified Retirement Plans Dartmouth provides the President with a nonqualified 457(f) supplemental retirement plan. The Plan provides for annual credits to the plan subject to vesting requirements based on continuation of employment through set dates. Part I, Line 7 Richard Freeman received a signing bonus of $25,000 in calendar 2011. Megan Hammond received $180,834 in incentive compensation and an office relocation payment of $100,680 in calendar 2011. Pamela Peedin received incentive compensation of $450,000 in calendar 2011. Part I, Line 8 Initial Contract Exception The following individuals received compensation paid pursuant to contracts subject to the initial contract exception: Michael Mastanduno, Dean of Faculty; Pamela Peedin, Chief Investment Officer; and Wiley Souba, Dean of the Geisel School of Medicine. New Hampshire Health & Educ Facilities Authority 020279866 644614FP9 2003-03-12 113250000 Refund 6-1-93 issue 0 0 0 New Hampshire Health & Educ Facilities Authority 020279866 644614RV3 2007-04-05 90000000 Refund 3-6-97 & 11-13-97 issues, issue costs, capital renovations 0 0 0 New Hampshire Health & Educ Facilities Authority 020279866 644614RV3 2007-04-05 90000000 Issue cost, new construction, capital renovations, equipment 0 0 0 New Hampshire Health & Educ Facilities Authority 020279866 644614YG8 2009-06-18 207389690 Refund 12-17-98 & 12-1-99 issues, issue cost, new constr, cap renov 0 0 0 23950000 1125000 1125000 1 0 1 1 200000 3099064 175986 17688 2905390 2009 1 0 1 1 15000000 93437692 3437682 471429 89528571 2009 0 0 1 1 164890998 152473 1042393 163696132 2012 1 0 1 1 0 0 0 0 1 0 0 0 0 0.00600 0.00600 1 0 1 0 0 0.00700 0.00700 1 0 1 0 0 0.00600 0.00600 1 0 1 0 0 0 1 0 1 1 Wells Fargo& Barclays Bank PLC 0 0 0 0 0 1 1 1 Wells Fargo& Barclays Bank PLC 0 0 0 0 0 0 0 0 - 0 0 0 0 0 Part II, line 3, col A: The difference between issue price and total proceeds = ($112,125,000) to refinance prior issue. Part II, line 3 col B: The difference between issue price and total proceeds equals the sum of ($87,076,922) to refinance prior issues and $175,986 of investment income. Part II, line 3, col C: The difference between issue price and total proceeds equals $3,437,682 of investment income. Part II, line 3, col D: The difference between issue price and total proceeds equals the sum of ($42,651,166) to refinance prior issues and $151,866 of investment income. Part IV, line 3c, col B & C: $32M hedge with Wells Fargo Bank, NA, interest paid monthly at 3.774% and interest received at 72% of 1 month LIBOR, effective 6-1-07, maturity 6-1-27. Part IV, line 3c, col B & C: $53M hedged with Barclays Bank PLC, interest paid monthly at 3.777%, interest received at 72% of 1 month LIBOR, effective 6-1-07, maturity 6-1-28. Bain Capital Fund VII LP Dartmouth Trustee Spouse and Bain Capital Managing Director 450856 Capital Distribution 0 Bain Capital Fund VIII LP Dartmouth Trustee Spouse and Bain Capital Managing Director 2227817 Capital Distribution 0 Bain Capital Fund IX LP Dartmouth Trustee Spouse and Bain Capital Managing Director 1837706 Capital Distribution 0 Bain Capital Fund X LP Dartmouth Trustee Spouse and Bain Capital Managing Director 3471203 Capital Contribution 0 Bain Capital Fund X LP Dartmouth Trustee Spouse and Bain Capital Managing Director 327756 Capital Distribution 0 Bain Capital Asia Fund LP Dartmouth Trustee Spouse and Bain Capital Managing Director 877500 Capital Contribution 0 Bain Capital Asia Fund LP Dartmouth Trustee Spouse and Bain Capital Managing Director 281822 Capital Distribution 0 Bain Capital Europe Fund III LP Dartmouth Trustee Spouse and Bain Capital Managing Director 2524958 Capital Contribution 0 Bain Capital Europe Fund III LP Dartmouth Trustee Spouse and Bain Capital Managing Director 786326 Capital Distribution 0 Greylock XI LP Dartmouth Trustee and Greylock Executive Officer 790546 Capital Distribution 0 Greylock XII LP Dartmouth Trustee and Greylock Executive Officer 500000 Capital Contribution 0 Greylock XIII LP Dartmouth Trustee and Greylock Executive Officer 5017500 Capital Contribution 0 Lone Dragon Pine LP Dartmouth Trustee and Lone Pine Managing Director 15000000 Capital Contribution 0 Prospect Harbors Credit Partners LP Dartmouth Trustee Spouse and Managing Director of parent company (Bain Cap) 15010250 Capital Distribution 0 Sankaty Credit Opportunities II LLC Dartmouth Trustee Spouse and Managing Director of parent company (Bain Cap) 5550743 Capital Distribution 0 TCV VI LP Dartmouth Trustee and TCV General Partner 650000 Capital Contribution 0 TCV VI LP Dartmouth Trustee and TCV General Partner 4783843 Capital Distribution 0 TCV VII(A) LP Dartmouth Trustee and TCV General Partner 10000000 Capital Contribution 0 TCV VII(A) LP Dartmouth Trustee and TCV General Partner 156079 Capital Distribution 0 TPG VI Dartmouth Trustee and TPG Founding Partner 2518936 Capital Contribution 0 TPG VI Dartmouth Trustee and TPG Founding Partner 543237 Capital Distribution 0 General Electric Co Dartmouth Trustee and Chairman of General Electric Co. 829092 Payments to subrecipient of sponsored project in the ordinary course of business 0 General Electric Co Dartmouth Trustee and Chairman of General Electric Co. 129239 Receipts as subrecipient of sponsored project in the ordinary course of business 0 Garelick Farms Dartmouth Trustee and Chairman of Dean Foods Co. 206338 Payments for products purchased in the ordinary course of business 0 Mary Donin Spouse of Key Employee 55973 Calendar 2011 employee compensation 0 Kathy Green Spouse of Former Key Employee 63559 Calendar 2011 employee compensation 0 Steven Kadish Spouse of Key Employee 507973 Calendar 2011 employee compensation 0 David Peart Spouse of Officer 188689 Calendar 2011 compensation as an employee 0 Linda Snyder Spouse of Officer 289059 Calendar 2011 compensation as an employee 0 In calendar 2011 Dr. Younsook Lim, an employee of Dartmouth Hitchcock Clinic (DHC) provided services to the Dartmouth Institute for Health Policy and Clinical Practice, a department of Dartmouth College. Dartmouth College reimbursed DHC $120,256 for Dr. Lim's services. Dr. Lim is the spouse of a Dartmouth Officer. X 31 40 $1 per allocation X 1 $1 per allocation X 2 $1 per allocation X 628 27524055 market value X 1 60000 market value X 1 1 $1 per allocation X 2 2 $1 per allocation X Self-created items 8 10 $1 per allocation X Horses and Equestrian Equipment 3 3 $1 per allocation X Specialized Equipment or Instruments 8 8 $1 per allocation X Miscellaneous 4 58506 $1 per allocation/one at market value 14 0 1 1 Third Party Use: Part I, Line 32b: Dartmouth occasionally uses third parties, including auction houses, to sell specialized items such as jewelry and art. Non Reporting of Revenue: Part I, Line 33: Gifts in Kind other than Securites are valued at $1 each for purposes of posting revenue to the general ledger. Form 990, Part VI, Section A, line 1 Between meetings of the Board of Trustees, the authority of the Board may be exercised by a standing executive committee consisting of not more than ten members and not less than five members, of whom the President shall be one member. Form 990, Part VI, Section A, line 2 Steven Kadish, Executive Vice President, and Linda Snyder, Vice President Campus Planning and Facilities, have a family relationship. Form 990, Part VI, Section A, line 2 Gregg Engles, Dartmouth Trustee and Trevor Rees-Jones, Dartmouth Trustee have a business relationship. Form 990, Part VI, Section B, line 11 The 990 review process is as follows: A draft of the completed Form 990 is sent to the Audit Committee and a draft of the sections concerning compensation is sent to the Compensation Committee. The Compensation Committee may contact management or the Audit Committee with any questions or concerns on the compensation sections. The Audit Committee then meets with senior management personnel to review the process by which the Form 990 was prepared, discuss any items of significance, and resolve any questions. The Audit Committee then votes to accept the Form 990 based on management's representations. Prior to the return being filed, a draft of the complete Form 990 is provided to the full board. At the next meeting of the Board of Trustees, the Audit Committee reports to the full Board on the results of its review. Form 990, Part VI, Section B, line 12c Compliance with Dartmouth's institution-wide Conflict of Interest policy (www.dartmouth.edu/~osp/docs/COIpolicy.pdf) is required by College policy. Compliance is enforced and monitored by the Office of the General Counsel, which reviews information concerning potential conflicts solicited from approximately 350 trustees, faculty, and staff members each year. Compliance with the requirements of the Policy concerning researchers engaged in externally sponsored research is enforced and monitored by the Office of the Provost, and particularly by the Office of Sponsored Projects and the Conflict of Interest Committee of the Council on Sponsored Activities which, in accordance with federal regulations, solicit information from researchers concerning financial interests that may affect or be affected by proposed research. In addition, the Office of the General Counsel and the Investment Office enforce and monitor compliance with the Policy on Pecuniary Benefit Transactions and Related Party Investments. Form 990, Part VI, Section B, line 15 The process for determining the compensation of Dartmouth's President and other officers and key employees is as follows: (1) Comparability data are gathered by the Vice President of Human Resources from a compensation survey conducted by a nationally-known compensation consulting firm. (2)Recommendations for compensation adjustments for officers and key employees are prepared by the President, using comparability data and a review of the employee's performance. (3) The President's recommendations are presented for approval to the Compensation Committee of the Board, together with the comparability data. (4) Comparability data for the President's compensation is also presented to the Compensation Committee by the Vice President of Human Resources. The Compensation Committee approves the President's salary. Form 990, Part VI, Section C, line 19 Dartmouth makes its governing document (The Charter of Dartmouth College), conflict of interest policies and financial statements available to the public by posting these documents on its website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 106,820,217. Net Unrealized change in value of non-investment items -198,428,942. Net change in split-interest agreement 882,964. Total to Form 990, Part XI, Line 5: -90,725,761. Form 990 Part IV, Line 28c, Business Transactions with Interested Persons: A special and rigorous conflict-of-interest policy applies to Dartmouth investments with firms in which related parties (e.g., Trustees or non-Trustee Investment Committee members) have a financial interest. Under the New Hampshire Pecuniary Benefit Law (Revised Statutes Annotated, Chapter 7:19-a) and Dartmouth's Policy on Pecuniary Benefit Transactions and Related Party Investments, such investments are strictly regulated. Before such an investment may be made, the Investment Office must submit to the Board of Trustees an analysis (1) documenting the past performance of funds managed by the firm in question; and (2) comparing the terms of the proposed investment with the terms of other recent similar investments not involving related parties. The analysis must also document that Dartmouth's investment would not comprise more than 10% of the fund and that other institutional investors have committed to participate in the same fund. Based on this information, the proposed investment is considered first by the Investment Committee of the Board of Trustees, then by the Audit Committee, then by the full Board. In each instance, any Trustee or non-Trustee Investment Committee member associated with the firm involved in the investment must be recused from the discussion and vote. The investment may not be made unless the Investment Committee and the Board each give their approval by a two-thirds vote. Approval by the Audit Committee is also required. Approval requires a finding that the proposed investment is fair and reasonable to Dartmouth and that it is no less favorable than the terms of similar recent investments made by Dartmouth not involving related parties. In accordance with State law, a notice of the proposed investment--identifying the related party, the investment firm, and the amount of the investment--is then filed with the State Attorney General's Office and published in the local daily newspaper. Form 990, Part X: Certain beginning of year amounts have been reclassified to conform to the end of year presentation. Dartmouth Educational Loan Corporation 7 Lebanon St Suite 302 Hanover NH 03755 020362923 Educational Loans NH 501(c)(3) Line 11a, I Truestees of Dartmouth College 1 Tuck Educational Loan Corporation 7 Lebanon St Suite 302 Hanover NH 03755 237181995 Educational Loans NH 501(c)(3) Line 11a, I Truestees of Dartmouth College 1 Centerra Marketplace Inc 7 Lebanon St Suite 302 Hanover NH 03755 043369425 Real Estate Holding NH 501(c)(25) Truestees of Dartmouth College 1 Seven Lebanon Street Inc 7 Lebanon St Suite 302 Hanover NH 03755 020514301 Real Estate Holding NH 501(c)(25) Truestees of Dartmouth College 1 South Street Downtown Holdings Inc 7 Lebanon St Suite 302 Hanover NH 03755 020518373 Real Estate Holding NH 501(c)(25) Truestees of Dartmouth College 1 Foundation for Jewish Life at Dartmouth 7 Lebanon St Suite 302 Hanover NH 03755 020486238 Real Estate Holding NH 501(c)(2) Truestees of Dartmouth College 1 Hamden Assurance Risk Retention Group Inc 30 Main Street Suite 330 Burlington VT 05401 208530788 Insurance VT 501(c)(3) Line 11a, I N/A 0 Dartmouth College Trust 7 Lebanon St Suite 302 Hanover NH 03755 Fundraising UK Truestees of Dartmouth College 1 The Dartmouth Educational Association 111 Huntington Avenue Boston MA 021997165 046045227 Supporting Organization MA 501(c)(3) Line 11c, III-FI N/A 0 Dartmouth-Hitchcock Medical Center One Medical Center Drive Lebanon NH 037560001 222715483 Supporting Organization NH 501(c)(3) Line 11a, I N/A 0 Northaven Capital Partners LP 237 Park Avenue 9th Floor New York NY 10017 205997852 Real Estate Investment NY N/A Related -309 5970452 0 0 0.94030 RP Realty Partners Retail Entrepreneurial Fund III-B LP 9601 Wilshire Blvd Suite 260 Beverly Hills CA 90210 261340426 Real Estate Investment CA N/A Related -669596 9322601 0 171563 0 0.99990 Sarofim Multifamily Partners II LP 8115 Preston Rd Suite 400 Dallas TX 75225 208782507 Real Estate Investment TX N/A Related -256064 12842998 0 -38055 0 0.50130 Charitable Remainder Unitrusts (83) Fundraising/Development NH Truestees of Dartmouth College T Pooled Income Funds (4) Fundraising/Development NH Truestees of Dartmouth College T 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 1 1 1 Dartmouth Educational Loan Corporation D -116768 Cost Dartmouth Educational Loan Corporation Q 159584 Cost Dartmouth Educational Loan Corporation P -313445 Cost Foundation for Jewish Life at Dartmouth K -86358 Cost Foundation for Jewish Life at Dartmouth B 97869 Cost Seven Lebanon Street Inc J 1213439 Cost Seven Lebanon Street Inc K -122717 Cost South Street Downtown Holdings Inc K -141321 Cost South Street Downtown Holdings Inc J 80333 Cost RP Realty Partners Retail Entrepreneurial Fund III-B LP B 534351 Cost Sarofim Multifamily Partners II LP B 1298021 Cost Charitable Remainder Trusts (3) R -509407 Cost Dartmouth Trust C -161798 Cost Part IV, Charitable Remainder Trusts and Pooled Income Funds Dartmouth College controls a total of 83 Charitable Remainder Trusts and 4 Pooled Income Funds, all domiciled in the State of New Hampshire.