LAFAYETTE COLLEGE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: LAFAYETTE COLLEGE (EIN 24-0795686)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-14
IRS object ID: 201341349349305314
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-14T15:04:30-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GRANT THORNTON LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2001 MARKET STREET SUITE 3100	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	19103	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	240795686	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Lafayette College	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% STEPHEN A SCHAFER	InCareOfName
Name Control	LAFA	NameControl
Phone	6103305136	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	730 High St 202 Markle Hall	AddressLine1
City	Easton	City
State	PA	State
ZIP Code	180421779	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Stephen Schafer	Name
Title	Controller	Title
Phone	6103305136	Phone
Date Signed	2013-05-14	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	2155614200	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Dr Daniel H Weiss President	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	730 High St 202 Markle Hall	AddressLine1
City	Easton	City
State	PA	State
ZIP Code	180421779	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	267738114	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.lafayette.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1832	YearFormation
State Legal Domicile	PA	StateLegalDomicile
Activity Or Mission Description	Provision of educational services as an accredited four-year undergraduate college.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	34	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	32	NbrIndependentVotingMembers
Total Nbr Employees	2426	TotalNbrEmployees
Total Nbr Volunteers	4451	TotalNbrVolunteers
Total Gross UBI	-302489	TotalGrossUBI
Net Unrelated Business Txbl Income	-356288	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	27250856	ContributionsGrantsPriorYear
Contributions Grants Current Year	25317229	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	119192411	ProgramServiceRevenuePriorYear
Program Service Revenue CY	127367634	ProgramServiceRevenueCY
Investment Income Prior Year	27504515	InvestmentIncomePriorYear
Investment Income Current Year	32586302	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1335842	OtherRevenuePriorYear
Other Revenue Current Year	1392496	OtherRevenueCurrentYear
Total Revenue Prior Year	175283624	TotalRevenuePriorYear
Total Revenue Current Year	186663661	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	34400620	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	36009489	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	69805827	SalariesEtcPriorYear
Salaries Etc Current Year	74031927	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	28576	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	58252	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	3696327	TotalFundrsngExpCurrentYear
Other Expense Prior Year	70896677	OtherExpensePriorYear
Other Expenses Current Year	69426421	OtherExpensesCurrentYear
Total Expenses Prior Year	175131700	TotalExpensesPriorYear
Total Expenses Current Year	179526089	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	151924	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	7137572	RevenuesLessExpensesCY
Total Assets BOY	1014954297	TotalAssetsBOY
Total Assets EOY	1006873292	TotalAssetsEOY
Total Liabilities BOY	263933495	TotalLiabilitiesBOY
Total Liabilities EOY	281682757	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	751020802	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	725190535	NetAssetsOrFundBalancesEOY
Mission Description	MISSION STATEMENT AS APPROVED 5/28/83 BY THE BOARD OF TRUSTEES: IN AN ENVIRONMENT THAT FOSTERS THE FREE EXCHANGE OF IDEAS, LAFAYETTE COLLEGE SEEKS TO NURTURE THE INQUIRING MIND AND TO INTEGRATE INTELLECTUAL, SOCIAL, AND PERSONAL GROWTH. THE COLLEGE STRIVES TO DEVELOP STUDENTS' SKILLS OF CRITICAL THINKING, VERBAL COMMUNICATION, AND QUANTITATIVE REASONING AND THEIR CAPACITY FOR CREATIVE ENDEAVOR: IT ENCOURAGES STUDENTS TO EXAMINE THE TRADITIONS OF THEIR OWN CULTURE AND THOSE OF OTHERS, TO DEVELOP SYSTEMS OF VALUES THAT INCLUDE AN UNDERSTANDING OF PERSONAL, SOCIAL, AND PROFESSIONAL RESPONSIBILITY, AND TO REGARD EDUCATION AS AN INDIPENSIBLE, LIFE-LONG PROCESS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	91626341	Expense
Grants	30000	Grants
Revenue	102752767	Revenue
Description	Instruction, Research, Student Services provided for both 2,423 full-time students (Fall 2011 semester) including 2 non-degree candidates and 55 additional part-time students, including 33 non-degree candidates. Also includes site revenues and expenses for the Johns Hopkins University Center for Talented Youth Program. Public Service - Greater Easton Development Partnership for Easton Ambassadors program Student Services include Enrollment Management (Admissions and Financial Aid), Registrar, Health and Counseling Centers, Dean of Students, Multicultural Affairs, Cultural Programs, Intramurals/Recreation, Intercollegiate Athletics, Religious Programs, Career Services, Student Activities and Student Organizations support. Academic Support includes services such as Libraries (2), Information Technology, Academic Counseling, Course & Curriculum Development and Faculty Recruitment.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	35979489	Expense
Grants	35979489	Grants
Description	Undergraduate Scholarships/Grants to Students (1,213 students, including both 1 non-traditonal and 2 foreign exchange) through the College's Financial Aid Office ($35,788,400). Prizes, Awards and Fellowships and other awards ($109,154) to approximately 140 students and net HELP Loan Interest Subsidy Expense ($81,935) for approximately 102 Borrowers.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	21711008	Expense
Revenue	24614867	Revenue
Description	Auxiliary Services: Student Residence - Approximately 2,270 (Fall 2011 semester) resided in the College's Residence Halls, Fraternities/Sororities and College-owned off campus residences. Also includes Dining Services (all day students must participate in the Dining program).	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	149316838	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	true	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	true	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	true	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	true	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	4285	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	2426	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	34	NbrVotingGoverningBodyMembers
Number Independent Voting Members	32	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	PA	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	STEPHEN A SCHAFER	NamePerson
Telephone Number	6103305136	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	730 HIGH ST 202 MARKLE HALL	AddressLine1
City	Easton	City
State	PA	State
ZIP Code	18042	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (47 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
Edward W Ahart
Chair	5.0	X	0	0	0
Stephen D Pryor
Vice Chair	5.0	X	0	0	0
Nancy J Kuenstner
Secretary	5.0	X	0	0	0
Susan B Carras
Executive Committee	3.0	X	0	0	0
Joseph T Cox
Executive Committee	3.0	X	0	0	0
Alan R Griffith
Executive Committee	3.0	X	0	0	0
George M Jenkins
Executive Committee	3.0	X	0	0	0
Harold N Kamine
Executive Committee	3.0	X	0	0	0
Barbara Levy
Executive Committee	3.0	X	0	0	0
Elisabeth H MacDonald
Executive Committee	3.0	X	0	0	0
Bruce Maggin
Executive Committee	3.0	X	0	0	0
Angel L Mendez
Executive Committee	3.0	X	0	0	0
David M Roth
Executive Committee	3.0	X	0	0	0
J Peter Simon
Executive Committee	3.0	X	0	0	0
Carl G Anderson Jr
Trustee	2.0	X	0	0	0
Mary Stengel Austin
Trustee	2.0	X	0	0	0
James R Birle Jr
Trustee	2.0	X	0	0	0
Samuel R Chapin
Trustee	2.0	X	0	0	0
James R Fisher
Trustee	2.0	X	0	0	0
John R Fry
Trustee	2.0	X	0	0	0
Brent D Glass
Trustee	2.0	X	0	0	0
Richard A Grossman
Trustee	2.0	X	0	0	0
Martha A Heinze
Trustee	2.0	X	0	0	0
Jefferson W Kirby
Trustee	2.0	X	0	0	0
Judson C Linville
Trustee	2.0	X	0	0	0
Douglas R Marvin
Trustee	2.0	X	0	0	0
Paul F McCurdy
Trustee	2.0	X	0	0	0
Donald E Morel Jr
Trustee	2.0	X	0	0	0
J B Reilly
Trustee	2.0	X	0	0	0
S Kent Rockwell
Trustee	2.0	X	0	0	0
Alma R Scott-Buczak
Trustee	2.0	X	0	0	0
Robert E Sell
Trustee	2.0	X	0	0	0
Sylvia Daniels Weaver
Trustee	2.0	X	0	0	0
Daniel H Weiss
President & Trustee	65.0	X	503403	0	145488	X
James W Dicker
VP, Dev & College Relations	55.0		265743	0	47415	X
Wendy L Hill
Provost	75.0		261704	0	70687	X
Celestino Jose Limas
VP Campus Life & Sr Div. Offic	55.0		109725	0	38560	X
Robert J Massa
VP Communications	60.0		218537	0	38898	X
Leslie F Muhlfelder
Gen Counsel/VP HR	55.0		224466	0	46635	X
Mitchell L Wein
VP, Finance, Admin & Treasurer	65.0		300808	0	48796	X
Gregory V MacDonald
Dean of Admissions & Fin. Aid	55.0		161167	0	39372		X
Paul H Zimmerman
Assoc VP & Controller	50.0		166347	0	38272		X
Kari A Fazio
Dir of Finance & Bus Operation	55.0		178684	0	32143			X
John Kincaid
Meyner Professor	45.0		189823	0	35348			X
James F Krivoski
Executive Asst to the Pres	55.0		183721	0	61829			X
Bruce A Murphy
Kirby Professor	45.0		199282	0	43886			X
Francis B O'Hanlon
Head Mens Basketball Coach	55.0		210126	0	66183			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	3173536	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	753512	TotalOtherCompensation
Number Individuals GT100 K	96	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
Sodexo Inc Affiliates
6081 Hamilton Blvd	ALLENTOWN	PA	18106	Dining Services	6590271
Whiting-Turner Contracting Co
PO Box 17596	BALTIMORE	MD	21297	Construction	1003766
Elliott International
40 West 57th St	NEW YORK	NY	10019	Investment Manager	1427127
Arthur J Gallagher LP
PO Box 71965	CHICAGO	IL	60694	Insurance	858585
Centerbridge Partners LP
375 Park Ave 12th Floor	NEW YORK	NY	10152	Investment Manager	830650

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	75	NumberOfContractorsGT100K
Fundraising Events	28741	FundraisingEvents
Government Grants	1068041	GovernmentGrants
All Other Contributions	24220447	AllOtherContributions
Noncash Contributions	6404602	NoncashContributions
Total Contributions	25317229	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION & FEES	900099	100454756	100454756
AUXILIARY SERVICES	900099	24107341	24107341
ATHLETICS/SPORTS NETWORK	900099	1472485	1472485
JOHNS HOPKINS CTY	900099	771434	771434
SUMMER DINING	900099	507526	507526

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	54092	TotalRevenueColumn
Related Or Exempt Function Income	54092	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	127367634	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	11450243	TotalRevenueColumn
Unrelated Business Revenue	-920392	UnrelatedBusinessRevenue
Exclusion	$12,370,635	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	227	TotalRevenueColumn
Exclusion	$227	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	660149	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	665794	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	-5645	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-5645	TotalRevenueColumn
Exclusion	-$5,645	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	99744209	Securities
Other	16651	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	78619583	Securities
Other	5445	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	21124626	Securities
Other	11206	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	21135832	TotalRevenueColumn
Unrelated Business Revenue	570998	UnrelatedBusinessRevenue
Exclusion	$20,564,834	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	80202	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	28741	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	43635	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	36567	TotalRevenueColumn
Exclusion	$36,567	ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	1893915	GrossSalesOfInventory
Cost Of Goods Sold	1739996	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	153919	TotalRevenueColumn
Unrelated Business Revenue	21905	UnrelatedBusinessRevenue
Exclusion	$132,014	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount	Unrelated Business RevenueUnrelatedBusinessRevenue
FEES, FINES, AND COST RECOVERY	900099	604657	$604,657
STUDENT TELECOMMUNICATIONS	900099	223010	$223,010
MISCELLANEOUS	900099	379988	$354,988	25000

Field	Value	IRS element (for citing)
Total Other Revenue	1207655	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	186663661	TotalRevenueColumn
Related Or Exempt Function Income	127367634	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	-302489	UnrelatedBusinessRevenue
Exclusion	$34,281,287	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	30000	Total
Program Services	30000	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	35815089	Total
Program Services	35815089	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	164400	Total
Program Services	164400	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	2550282	Total
Program Services	383840	ProgramServices
Management And General	1832442	ManagementAndGeneral
Fundraising	334000	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	51690295	Total
Program Services	38658066	ProgramServices
Management And General	11297214	ManagementAndGeneral
Fundraising	1735015	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	4509786	Total
Program Services	3214124	ProgramServices
Management And General	1140525	ManagementAndGeneral
Fundraising	155137	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	11435936	Total
Program Services	8129835	ProgramServices
Management And General	2883857	ManagementAndGeneral
Fundraising	422244	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	3845628	Total
Program Services	2740780	ProgramServices
Management And General	972559	ManagementAndGeneral
Fundraising	132289	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	302033	Total
Management And General	300478	ManagementAndGeneral
Fundraising	1555	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	180822	Total
Management And General	180822	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	60586	Total
Management And General	60586	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	58252	Total
Fundraising	58252	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	9723032	Total
Management And General	9723032	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	6604670	Total
Program Services	5217758	ProgramServices
Management And General	1258855	ManagementAndGeneral
Fundraising	128057	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	125366	Total
Program Services	42912	ProgramServices
Management And General	82454	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	3211213	Total
Program Services	1996654	ProgramServices
Management And General	935737	ManagementAndGeneral
Fundraising	278822	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1577876	Total
Program Services	1478082	ProgramServices
Management And General	99794	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	2479503	Total
Program Services	5828	ProgramServices
Management And General	2473675	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	5054298	Total
Program Services	4485621	ProgramServices
Management And General	428245	ManagementAndGeneral
Fundraising	140432	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	711253	Total
Program Services	449449	ProgramServices
Management And General	130408	ManagementAndGeneral
Fundraising	131396	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	7348093	Total
Program Services	7245791	ProgramServices
Management And General	102302	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	13322710	Total
Program Services	12870463	ProgramServices
Management And General	452247	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	861337	Total
Program Services	278493	ProgramServices
Management And General	577660	ManagementAndGeneral
Fundraising	5184	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
AUXILIARY SERVICES	10896988	10896988
NON-OFFICE SUPPLIES	2491343	1539821	951522
EQUIPMENT RENTAL, MAINTENANCE	393948	275950	117998
ALLOC OF INDIRECT OVERHEAD		10471751	-10471751

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	4081350	Total
Program Services	2925143	ProgramServices
Management And General	982263	ManagementAndGeneral
Fundraising	173944	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	179526089	Total
Program Services	149316838	ProgramServices
Management And General	26512924	ManagementAndGeneral
Fundraising	3696327	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	17145	BOY
EOY	17143	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	67189238	BOY
EOY	47162130	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	12711354	BOY
EOY	10389670	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1176299	BOY
EOY	1646140	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	4466621	BOY
EOY	4502629	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	647220	BOY
EOY	657972	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	3015773	BOY
EOY	4594051	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	450300707	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	194556520	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	252919201	BOY
EOY	255744187	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	232212788	BOY
EOY	247602387	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	434224980	BOY
EOY	422416713	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	6373678	BOY
EOY	12140270	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1014954297	BOY
EOY	1006873292	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	44135909	BOY
EOY	55982337	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	2006913	BOY
EOY	2024586	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	6382568	BOY
EOY	5732373	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	170788606	BOY
EOY	170331308	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	89907	BOY
EOY	2866661	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	40529592	BOY
EOY	44745492	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	263933495	BOY
EOY	281682757	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	238315659	BOY
EOY	223608141	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	249877464	BOY
EOY	236320296	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	262827679	BOY
EOY	265262098	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	751020802	BOY
EOY	725190535	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1014954297	BOY
EOY	1006873292	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	7137572	ReconcilationRevenueExpenses
Reconcilation Other Changes	-32967839	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Total Grassroots Lobbying		TotalGrassrootsLobbying

Total Direct Lobbying TotalDirectLobbying

Field	Value	IRS element (for citing)
Filing Organizations Totals	60586	FilingOrganizationsTotals

Total Lobbying Expenditures TotalLobbyingExpenditures

Field	Value	IRS element (for citing)
Filing Organizations Totals	60586	FilingOrganizationsTotals

Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures

Field	Value	IRS element (for citing)
Filing Organizations Totals	179472640	FilingOrganizationsTotals

Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures

Field	Value	IRS element (for citing)
Filing Organizations Totals	179533226	FilingOrganizationsTotals

Lobbying Nontaxable LobbyingNontaxableAmount

Field	Value	IRS element (for citing)
Filing Organizations Totals	1000000	FilingOrganizationsTotals

Grassroots Nontaxable GrassrootsNontaxableAmount

Field	Value	IRS element (for citing)
Filing Organizations Totals	250000	FilingOrganizationsTotals

Field	Value	IRS element (for citing)
Tot Lobbying Grassroot Minus Non Tx		TotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying Nontx		TotLobbyExpendMnsLobbyingNontx

Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2

Field	Value	IRS element (for citing)
Current Year Minus2	120699	CurrentYearMinus2
Current Year Minus1	120515	CurrentYearMinus1
Current Year	60586	CurrentYear
Total	301800	Total

Field	Value	IRS element (for citing)
Lobbying Ceiling	$452,700	LobbyingCeilingAmount

Total Lobbying Expenditures2 TotalLobbyingExpenditures2

Field	Value	IRS element (for citing)
Current Year Minus2	120699	CurrentYearMinus2
Current Year Minus1	120515	CurrentYearMinus1
Current Year	60586	CurrentYear
Total	301800	Total

Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2

Field	Value	IRS element (for citing)
Current Year Minus2	250000	CurrentYearMinus2
Current Year Minus1	250000	CurrentYearMinus1
Current Year	250000	CurrentYear
Total	750000	Total

Field	Value	IRS element (for citing)
Grassroots Ceiling	$1,125,000	GrassrootsCeilingAmount

Grassroots Lobbying Expenditures GrassrootsLobbyingExpenditures

Field	Value	IRS element (for citing)
Current Year Minus2	0	CurrentYearMinus2
Current Year Minus1	0	CurrentYearMinus1
Total	0	Total

Form990 Schedule C Part IV Form990ScheduleCPartIV

Field	Value	IRS element (for citing)
Identifier	Part II-A, Line 1B	Identifier
Explanation	A firm was engaged for the direct lobbying of Congressmen & Senators.	Explanation

Schedule D IRS990ScheduleD

Art Public Exhibition Amts ArtPublicExhibitionAmts

Field	Value	IRS element (for citing)
Revenues Included	339000	RevenuesIncluded
Assets In Part X	2794034	AssetsInPartX

Field	Value	IRS element (for citing)
Held Works Of Art Amts		HeldWorksOfArtAmts
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Collect Used For Preservation	X	CollectUsedForPreservation
Collect Used For Loan Or Exch Prgrms	X	CollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale	false	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	649587887	BeginningOfYearBalance
Contributions	17780488	Contributions
Investment Earnings Or Losses	4972499	InvestmentEarningsOrLosses
Grants Or Scholarships	7228214	GrantsOrScholarships
Other Expenditures	22199455	OtherExpenditures
Administrative Expenses	2144387	AdministrativeExpenses
End Of Year Balance	640768818	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	571722078	BeginningOfYearBalance
Contributions	12832458	Contributions
Investment Earnings Or Losses	96467560	InvestmentEarningsOrLosses
Grants Or Scholarships	7952953	GrantsOrScholarships
Other Expenditures	21701572	OtherExpenditures
Administrative Expenses	1779684	AdministrativeExpenses
End Of Year Balance	649587887	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	526566830	BeginningOfYearBalance
Contributions	2968035	Contributions
Investment Earnings Or Losses	74861818	InvestmentEarningsOrLosses
Grants Or Scholarships	8142053	GrantsOrScholarships
Other Expenditures	23057047	OtherExpenditures
Administrative Expenses	1475505	AdministrativeExpenses
End Of Year Balance	571722078	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	674092733	BeginningOfYearBalance
Contributions	9312825	Contributions
Investment Earnings Or Losses	-124340445	InvestmentEarningsOrLosses
Grants Or Scholarships	8848524	GrantsOrScholarships
Other Expenditures	21990211	OtherExpenditures
Administrative Expenses	1659548	AdministrativeExpenses
End Of Year Balance	526566830	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.22650	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.41400	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.35950	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4091752	OtherCostOrOtherBasis
Book Value	4091752	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	323263750	OtherCostOrOtherBasis
Depreciation	115000668	Depreciation
Book Value	208263082	BookValue

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	77229595	OtherCostOrOtherBasis
Depreciation	64731098	Depreciation
Book Value	12498497	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	45715610	OtherCostOrOtherBasis
Depreciation	14824754	Depreciation
Book Value	30890856	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	255744187	TotalOfBookValueLandBuildings

Financial Derivatives FinancialDerivatives

Field	Value	IRS element (for citing)
Book Value	10910925	BookValue
Method Of Valuation	F	MethodOfValuation

Field	Value	IRS element (for citing)
Closely Held Equity Interests		CloselyHeldEquityInterests

Other Securities OtherSecurities (9 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
EQUITY INSTIT. MUTUTAL FUNDS	65828142	F
ALTERNATIVE INSTRUMENTS	327563731	F
UNITED EDU SUBSCRIBER SAVINGS	301553	C
INSURANCE POL, L C IS BENEFICI	359687	C
CO-OP EQUITY INTEREST (E & I)	15234	C
COMMONWEALTH ANNUITY	18658	C
FUNDS HELD IN TRUST BY OTHERS	3485129	F
FIXED INST MUTUAL FUNDS	13923459	F
TUITION PLAN, EQUITY INTEREST	10195	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	422416713	TotalOfBookValueSecurities
Federal Income Tax Liability	224796	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
INT RATE HEDGE/SWAP AGREEMENTS	$20,200,719
AGENCY FUNDS	$2,113,170
ASSET RETIREMENT LIABILITY (FIN 47)	$1,576,032
ANNUITIES PAYABLE	$20,630,775

Field	Value	IRS element (for citing)
Total Of Amounts	44745492	TotalOfAmounts
Total Revenue	186663661	TotalRevenue
Total Expenses	179526089	TotalExpenses
Excess Or Deficit For Year	7137572	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-25537737	NetUnrealizedGLOnInvestments
Investment Expenses	8219927	InvestmentExpenses
Other	-$15,650,029	OtherAmount
Total Adjustments	-32967839	TotalAdjustments
Excess Or Deficit Per FS	-25830267	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	110580359	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-25537737	NetUnrealizedGainsInvestments
Other Revenues	-51492182	OtherRevenues
Revenue Not Rptd F990	-77029919	RevenueNotRptdF990
Revenue Subtotal	187610278	RevenueSubtotal
Investment Expenses Not Included	1502808	InvestmentExpensesNotIncluded
Other Revenues Not Included	-2449425	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-946617	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	186663661	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	136410626	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	2449425	OtherExpensesIncluded
Expenses Not Rptd F990	2449425	ExpensesNotRptdF990
Expenses Subtotal	133961201	ExpensesSubtotal
Investment Expenses Not Included2	9722735	InvestmentExpensesNotIncluded2
Other Expenses Not Included	35842153	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	45564888	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	179526089	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
COLLECTIONS OF ART, HISTORICAL TREASURES, ETC.	FORM 990, SCHEDULE D, PART III, LINE 4	Among the rich resources provided for students is a fine, small art collection. The collection includes eighteenth-through early twenty-first century American and European paintings, prints, and sculpture; vintage photographs; and contemporary American sculpture and paintings. Recent acquisitions build on the strength of the existing collections. The mission statement for the art collection is to document, preserve for future generations, exhibit, and make accessible the College's art collection to the students, public, and scholars through exhibitions, publications, reproductions, and by granting access for research purposes. The administration of the art collection complies with museum-field wide standards of care (see American Alliance of Museums, AAM). Students have curated exhibitions from the collections; When appropriate, artwork is loaned to other institutions for exhibitions of scholarly importance; images of artwork are readily available for reproduction in commercial (ex: text books) and academic-scholarly publications (generally at no charge or nominal fee.) Lafayette College's Special Collections and College Archives The Lafayette Special Collections and College Archives are home to approximately 20,000 rare books and more than 2,000 cubic feet of manuscripts and archives. The holdings include manuscripts, rare books, prints and memorabilia relating to the Marquis de Lafayette; rare book collections on Stephen Crane, angling, miniature books, and artists' books; papers of former Treasury Secretary William E. Simon, New Jersey Governor Robert B. Meyner and Congresswoman Helen Meyner; the early records of the Easton-based Dixie Cup Company and the papers of noted illustrator and artist Howard Chandler Christy. The College Archives serves as the repository for the records of Lafayette College, dating back to the founding of the College in 1824-1826. It is charged with records management responsibilities for current College records. The Archives also includes more than 50,000 photographs, audio-visual recordings, and objects that document the College's history.
ENDOWMENT INVESTMENT GUIDELINES	FORM 990, SCHEDULE D, PART V	The intent of the College's Investment Guidelines for its endowment is to provide a predictable stream of funding for the College's programs from the endowment while seeking to maintain the purchasing power of the endowment assets. Program and Capital Assets expenses supported from the endowment operating distribution include Student Financial Aid Grants, Prizes and Fellowships ($7,228,200). Instruction ($6,845,600), Research ($85,400), Academic Support ($713,900 - includes Libraries of $606,700), Intercollegiate Athletics ($199,100), Student Services ($997,200), Operation and Maintenance of Plant ($1,651,900, including Auxiliary Services). The College also utilized an additional $9,542,200 of Unrestricted Endowment Income and realized gains in support of budgeted operations. The Administrative expenses reported ($2,144,400) are primarily the required distributions of Annuity Funds principal to fund annuitant payments ($1,887,800) as reported in the non-operating section of the College's Statement of Activities for the year ended June 30, 2012. Certain restricted endowments also provide that income can be used for facilities capital projects expenses and to fund student loans.
FIN 48 FOOTNOTE	FORM 990, SCHEDULE D, PART X, LINE 2	The College has been granted tax exempt status as a nonprofit organization under Section 501(c)(3) of the Internal Revenue Code, and accordingly, files federal tax Form 990 (Return of Organization Exempt from Income Tax) annually. The College also files federal tax Form 990-T (Exempt Organizations Business Income Tax Return) on net income of unrelated business activities. The College estimates an income tax liability of $250,000 for the Form 990-T for the year ended June 30, 2012, of which $364,627 has been prepaid as of June 30, 2012. The College's federal and state income taxes for the year ended June 30, 2011 were $112,200. A tax position is recognized or derecognized by the College based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The College does not believe its financial statements include uncertain tax positions.
RECONCILIATION OF CHANGE IN NET ASSETS	FORM 990, SCHEDULE D, PART XI	LINE 8: CHANGE IN ANNUITIES PAYABLE ESTIMATE (92,890) DISTRIB FROM PRINCIPAL TO FUND ANNUITIES PAYABLE (1,887,847) CHANGE IN MV OF INTEREST RATE SWAP AGREEMENTS (8,557,684) PROVISION FOR UNCOLLECTIBLE NON OP PLEDGES REC 497,004 GAIN ON DISPOSAL OF PROPERTY, PLANT & EQUIPMENT 78,220 CHANGE IN POSTRETIREMENT BENEFIT COST (8,074,000) VOLUNTARY RETIRMENT INCENTIVE (FAC & NON FAC) (1,283,047) GAIN-CONDITIONAL ASSET RETIREMENT-FIN 47 3,670,215 ------------- TOTAL $(15,650,029) =============
RECONCILIATION OF REVENUE	FORM 990, SCHEDULE D, PART XII	LINE 2D: FINANCIAL AID GRANTS TO STUDENTS (35,788,400) ENDOWMENT AGENCY (53,753) CHANGE IN ANNUITIES PAYABLE ESTIMATE (92,890) DISTRIB FROM PRINCIPAL TO FUND ANNUITIES PAYABLE (1,887,847) CHANGE IN MV OF INTEREST RATE SWAP AGREEMENTS (8,557,684) PROVISION FOR UNCOLLECTIBLE NON OP PLEDGES REC 497,004 CHANGE IN POSTRETIREMENT BENEFIT COST (8,074,000) GAIN ON DISPOSAL OF PP&E 78,220 VOLUNTARY RETIREMENT INCENTIVE - (FAC & NON FAC) (1,283,047) GAIN-CONDITIONAL ASSET RETIREMENT-FIN 47 3,670,215 ------------ TOTAL LINE 2D: ($51,492,182) ============ LINE 4B: FUNDRAISING REVENUES TO EXTENT EXPENDED (43,635) RENTAL REVENUES TO EXTENT EXPENDED (665,794) COLLEGE STORE (COGS) REVENUES TO EXTENT EXPENDED (1,739,996) ------------ TOTAL LINE 4B ($2,449,425) ============
RECONCILIATION OF EXPENSES	FORM 990, SCHEDULE D, PART XIII	LINE 2D: FUNDRAISING REVENUES TO EXTENT EXPENDED 43,635 RENTAL REVENUES TO EXTENT EXPENDED 665,794 COLLEGE STORE (COGS) TO EXTENT EXPENDED 1,739,996 ----------- TOTAL LINE 2D $2,449,425 =========== LINE 4B: FINANCIAL AID GRANTS TO STUDENTS 35,788,400 ENDOWMENT AGENCY 53,753 ----------- TOTAL LINE 4B $35,842,153 ===========

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Racial Nondiscriminatory Policy	Form 990, Schedule E, Part I, Line 3	Via Website http://catalog.lafayette.edu (see Non-discrimination Policy Statement). Also on Website (same catelog section), see separate diversity and inclusiveness Statement.
Financial Aid from a Governmental Agency	Form 990, Schedule E, Part I, Line 6a	Federal grants: Federal Supplemental Educational Opportunity Grants (SEOG) Federal Work-Study Program Federal Direct Loan Programs (Stafford & PLUS Programs) Federal Pell Grants National Endowment for the Arts, EPA Fellowships Commonweatlth of Pennsylvania: Institutional Assistance Grant (IAG) PA Work-Study Redevelopment Assistance Capital Program (RCAP) PA State Grants to Students PA Council of the Arts Local Grants: Various, including Penn State Survey & Boro of Nazareth (see IPEDS for details).

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	true	GrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (17 entries)

RegionRegion	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
Europe (Including Iceland and Greenland)	1	Program Services	INSTRUCTION 45504	149443
Europe (Including Iceland and Greenland)	1	Program Services	INSTRUCTION 45508	499081
Europe (Including Iceland and Greenland)	1	Program Services	INSTRUCTION 45511	353756
Sub-Saharan Africa	2	Program Services	INSTRUCTION 28201/38	139192
Europe (Including Iceland and Greenland)	2	Program Services	INSTRUCTION 28205	84410
Russia and the Newly Independent States	2	Program Services	INSTRUCTION 28207	69054
Europe (Including Iceland and Greenland)	2	Program Services	INSTRUCTION 28208	115242
East Asia and the Pacific	2	Program Services	INSTRUCTION 28227	107002
Sub-Saharan Africa	2	Program Services	INSTRUCTION 28230	55566
East Asia and the Pacific	2	Program Services	INSTRUCTION 28234	113393
South America	2	Program Services	INSTRUCTION 28235	84521
East Asia and the Pacific	1	Program Services	INSTRUCTION 28236	79814
Europe (Including Iceland and Greenland)	2	Fundraising		11937
Central America and the Caribbean		Investments		196340171
Europe (Including Iceland and Greenland)		Investments		14627657
North America		Investments		48154140
South Asia		Investments		17674002

Field	Value	IRS element (for citing)
Subtotal Number Of Employees	22	SubtotalNumberOfEmployees
Total Number Of Employees	22	TotalNumberOfEmployees
Subtotal Amount Spent	278658381	SubtotalAmountSpent
Total Amount Spent	278658381	TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS

Field	Value	IRS element (for citing)
Type Of Assistance	STUDENTS STUDY ABROAD	TypeOfAssistance
Region	Europe/Iceland/Greenland	Region
Number Of Recipients	8	NumberOfRecipients
Amount Of Non Cash Assistance	164400	AmountOfNonCashAssistance
Description Of Non Cash Assistance	ACCT CREDIT	DescriptionOfNonCashAssistance
Method Of Valuation	FMV	MethodOfValuation

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	true	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	false	PassiveForeignInvestCo
Foreign Partnership	true	ForeignPartnership
Boycott Countries	false	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
FORM 990, SCHEDULE F, PART 1 LINE 1	The College considers the awarding of financial aid (primarily grants (scholarships), loans and work-study) to its students (including non-resident alien students) to be a U S-Based activity. The Financial Aid Office maintains records to: 1) substantiate the amount of the grants and other financial aid awarded, 2) document each grantee's eligibility for the grant and other financial aid sources and 3) document the selection criteria used to award the grant and other financial aid.
MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S.	The College recruits, admits and enrolls top qualified students from all parts of the world and all Lafayette students are both encouraged and eligible to participate in numerous affiliated study-abroad (off- campus) programs for a semester and/or the January/May Interim Sessions. Students, who are approved to participate in these programs, are billed by Lafayette for Tuition, any related Room and Board fees and other related program charges. The student's grant and other financial aid for that semester or interim session are credited to the student's Lafayette College account to cover the educational related charges/expenses. It is possible that the total financial aid could exceed the billed expenses resulting in a credit balance and the possibility of the student receiving a refund check. If appropriate, the College will issue the refund check to the student in order to cover any related educational expenses that the College had not billed. The Office of Financial Aid maintains an itemized breakdown of the cost of attendance used to determine and award financial aid for all students (domestic and/or international.) Awards are based on the standard approved charges for the College in any given academic year as well as other eligibility criteria (enrollment, academic standing, housing status, etc.) Any costs for study abroad opportunities that may exceed Lafayette's cost of attendance must be covered by the student and family. Students are encouraged to consult with the Office of Financial Aid and Study Abroad as they evaluate their options.	FORM 990, SCHEDULE F, PART I, LINE 2

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Solicitation Of Non Govt Grants	X	SolicitationOfNonGovtGrants
Solicitation Of Govt Grants	X	SolicitationOfGovtGrants
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	true	AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

Field	Value	IRS element (for citing)
Name Of Individual	WASHBURN MCGOLDRICK	NameOfIndividual
Activity	Consulting	Activity
Fundraiser Control Of Funds	false	FundraiserControlOfFunds
Amount Retained By Contractor	58252	AmountRetainedByContractor
Net To Organization	-58252	NetToOrganization

Field	Value	IRS element (for citing)
Total Retained By Contractors	58252	TotalRetainedByContractors
Total Net To Organization	-58252	TotalNetToOrganization

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	Fall 11 MC Golf	NameOfEvent1
Gross Receipts Event1	36095	GrossReceiptsEvent1
Charitable Contributions Event1	11485	CharitableContributionsEvent1
Gross Revenue Event1	24610	GrossRevenueEvent1
Non Cash Prizes Event1	2351	NonCashPrizesEvent1
Rent Facility Costs Event1	9860	RentFacilityCostsEvent1
Food And Beverage Event1	6310	FoodAndBeverageEvent1
Other Direct Expenses Event1	1380	OtherDirectExpensesEvent1
Name Of Event2	Spr 12 MC Golf	NameOfEvent2
Gross Receipts Event2	25005	GrossReceiptsEvent2
Charitable Contributions Event2	9815	CharitableContributionsEvent2
Gross Revenue Event2	15190	GrossRevenueEvent2
Non Cash Prizes Event2	2913	NonCashPrizesEvent2
Rent Facility Costs Event2	11772	RentFacilityCostsEvent2
Food And Beverage Event2	911	FoodAndBeverageEvent2
Other Direct Expenses Event2	1001	OtherDirectExpensesEvent2
Total Number Of Other Events	1	TotalNumberOfOtherEvents
Gross Receipts Other Events	47843	GrossReceiptsOtherEvents
Charitable Contrib Other Events	7441	CharitableContribOtherEvents
Gross Revenue Other Events	40402	GrossRevenueOtherEvents
Food And Beverage Other Events	7137	FoodAndBeverageOtherEvents
Gross Receipts Total	108943	GrossReceiptsTotal
Charitable Contributions Total	28741	CharitableContributionsTotal
Gross Revenue Total Events	80202	GrossRevenueTotalEvents
Non Cash Prizes Total Events	5264	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	21632	RentFacilityCostsTotalEvents
Food And Beverage Total Events	14358	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	2381	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	43635	DirectExpenseSummaryEvents
Net Income Summary	36567	NetIncomeSummary

Form990 Schedule G Part IV Form990ScheduleGPartIV

Field	Value	IRS element (for citing)
Identifier	FORM 990, Schedule G, Part I, Line 3	Identifier
Explanation	NONE- AS AN ACCREDITED, LICENSED INSTITUTION OF HIGHER EDUCATION, THE COLLEGE BELEIVES IT IS GENERALLY EXEMPT FROM THE REGISTRATION PROVISIONS THAT REQUIRE ORGANIZATIONS SOLICITING FUNDS FOR CHARITABLE PURPOSES TO REGISTER.	Explanation

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	GREATER EASTON DEVELOPMENT	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	158-B NORTHAMPTON ST	AddressLine1
City	EASTON	City
State	PA	State
ZIP Code	18042	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	232660344	EINOfRecipient
IRC Section	501(c)(3)	IRCSection
Amount Of Cash Grant	30000	AmountOfCashGrant
Purpose Of Grant	Ambassadors 2012	PurposeOfGrant

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	1	TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Non Cash AssistanceAmountOfNonCashAssistance	Method Of ValuationMethodOfValuation	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Amount Of Cash GrantAmountOfCashGrant
UNDERGRADUATE SCHOLARSHIP GRANTS	1213	35788400	FMV	CREDIT STUDENT ACCT
HELP INTEREST SUBSIDY - PAID DIRECT BY COLLEGE	102	81935	FMV	COLLEGE PAYS TO BANK
ACADEMIC PRIZES, AWARDS, FELLOWSHIPS, INTERSHIPS	140		FMV		109154

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	MONITORING OF GRANTS USED IN U.S.	Identifier
Return Reference	FORM 990, SCHEDULE I, PART I, LINE 2	ReturnReference
Explanation	The College awards scholarships, need-based grants, student loans and fellowships to students based on a committee and/or individual review of student aid applications. Relevant criteria include academic and/or other achievement and financial need (as supported by income tax return detail). Fellowships are awarded based on a review by the applicable academic department. The College calculates a cost of attendance that includes both the education costs billed by the College (such as Tuition, Fees, Room and Board) and educational costs not billed by the College (such as Books, Travel and Other Incidentals). Based on the student's cost of attendance and the Financial Aid Office's determination of eligibility, the student's financial aid award for the academic year is determined. This award may include scholarships/grants, loans and student employment. For scholarships/grants and student loans, that aid is credited to the student's account and is applied to billed charges. Student employment wages are paid through payroll. For the HELP Loan program interest subsidy, the College pays that expense directly to the lending bank. If a student's account has a credit balance after all applicable College charges and financial aid is posted, the College will issue a refund check to the student. If a student has a credit balance for the Fall Semester, the student may choose instead to carry that credit balance forward for application to either Interim Session or Spring semester charges. Normally, credit balance refund checks are made payable to the student. The student may also designate that a credit balance be paid to the College Store for separately billed Lafayette College Store charges, a fraternity or sorority for Room and/or Board plans billed by the organization or that the credit balance refund check be made payable to a parent or guardian. It is assumed by the College that credit balance refunds are used to pay for educational costs that were included as part of the student's cost of attendance calculation but not billed by the College.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Idemnification Gross Up Payments	X	IdemnificationGrossUpPayments
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Personal Services	X	PersonalServices
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (13 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Daniel H Weiss
450606	0	0	0	52797	0	23275	0	122213	0	648891	0	0	0
James W Dicker
222956	0	0	0	42787	0	21228	0	26187	0	313158	0	0	0
Wendy L Hill
253056	0	5000	0	3648	0	23275	0	47412	0	332391	0	0	0
Robert J Massa
215718	0	0	0	2819	0	20577	0	18321	0	257435	0	0	0
Leslie F Muhlfelder
217043	0	5000	0	2423	0	21187	0	25449	0	271102	0	0	0
Mitchell L Wein
280106	0	15000	0	5702	0	23275	0	25521	0	349604	0	0	0
Gregory V MacDonald
160068	0	0	0	1099	0	15865	0	23507	0	200539	0	0	0
Paul H Zimmerman
154715	0	10000	0	1632	0	15248	0	23024	0	204619	0	0	0
Kari A Fazio
161474	0	10000	0	7210	0	15390	0	16753	0	210827	0	0	0
John Kincaid
186898	0	0	0	2925	0	18022	0	17327	0	225172	0	0	0
James F Krivoski
169924	0	5000	0	8797	0	21187	0	40643	0	245551	0	0	0
Bruce A Murphy
189427	0	0	0	9855	0	18306	0	25580	0	243168	0	0	0
Francis B O'Hanlon
203206	0	0	0	6920	0	19722	0	46461	0	276309	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	COMPENSATION INFORMATION	Identifier
Return Reference	FORM 990, SCHEDULE J, PART I	ReturnReference
Explanation	Part I, Line 1a Travel for Companions - By employment contract, in the event that the College requests President Weiss' spouse to accompany him on College-related business, her reasonable expenses will be paid by the College. While not an employee of the College, the President's spouse serves an important role at both Board and other College functions, including for example, accompanying the President for off-campus fundraising activities. For such fundraising activities, the President's spouse is assigned duties to carry out on behalf of the College in advance of such event. For calendar 2011, such estimated expenses, if any, were included as nontaxable benefits in this return. Part I, Line 1a Tax Indemnification - During calendar year 2011, James Dicker (Vice President Development and College Relations) received additional reported contract compensation of $33,252, including tax equalization payments of $12,835. This arrangement was specific to Mr. Dicker. Daniel Weiss (President) received additional reported contract compensation of $19,707, including tax equalization payments of $6,506. This arrangement was specific to Dr. Weiss. Part I, Line 1a - Housing Allowance or Residence for Personal Use - As part of their employment contracts and for the convenience of the College, a College-owned residence was provided to Officers Daniel Weiss (President), Wendy Hill (Provost), James Krivoski (1/1/11 - 6/30/11 while serving as Vice President for Student Affairs & Executive Assistant to the President) and Celestino Limas (7/1/11 - 12/31/11 as Vice President for Campus Life and Senior Diversity Officer) during calendar 2011. This housing is located on College property and provided in conjunction with these officers' duties. The values of the housing provided and included as nontaxable benefits in this return are Weiss ($46,931 excluding housekeeper), Hill ($21,039), Krivoski ($13,361 from 1/1/11 to 6/30/11) and Limas ($13,361 from 7/1/11 to 12/31/11). It is the Board's policy that the President resides in the President's House (515 College Ave). The President determines if the duties of the other Officers require each Officer to reside in a College-provided facility. Part I, Line 1a - Personal Services (Maid, Chauffeur) - By employment contract, the President is required to reside in the President's House. The College provides household staff, gardening and snow removal services. The calendar 2011 salary and estimated fringe benefits for the housekeeper (.88 FTE) was $54,672, of which $8,201 was determined to be for personal services and included as reportable compensation in this return. The balance of $46,471 is included as a non-taxable benefit on this return. Additionally, a related $3,746 tax indemnification payment is included as reportable compensation in this return. Part I, Line 4a - Severance Payments - There were no severance payments during calendar year 2011. Part I, Line 4a - Non-Qualified Retirement Plan - The College provides a non-qualified Sec 457 retirement plan benefit for Officers Daniel Weiss, Wendy Hill, Mitchell Wein and James Dicker . For calendar 2011, the College contributions were $20,013 for Dr. Weiss, $1,183 for Dr. Hill and $3,815 for Mr. Wein and $713 for Mr. Dicker. For Dr Weiss, $16,500 is included as a nontaxable benefit and $3,513 is included as reportable compensation on this return. The contributions for Dr. Hill and Messrs. Wein and Dicker are reported as other taxable income (Schedule J, Part II, Col (B)(iii)) on this return.	Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
Northampton City GPA Rev Bonds Ser 2010
233007498	66353LAY3	2010-04-30	26689800	Refund Ser of 2000; Var cap Projec	false	false	false
Northampton City GPA Ref & Rev Ser 2008
233007498	66353LAK3	2008-08-21	98638389	Retire Ser '97, 04, 04 2nd & Cap N	false	false	false
Northampton City GPA Var Rev Ser 2006
233007498	66353LAG2	2006-09-14	15100000	Renov, Construct & Reloc Athletic	false	false	false
Northampton City GPA Var Rev Ref S 2003
233007498	66353LAA5	2003-04-02	10190000	Refund Ser of 1993 on 7/1/2003	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Capitalized InterestCapitalizedInterest	Working Capital ExpendituresWorkingCapitalExpenditures	Capital ExpendituresCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds	Amount UnspentAmountUnspent	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
0	26690421	0	0	2460869	22290000	1939552	2013	true	false	false	true
750000	98650001	0	697	6314304	92335000	0	2012	true	false	true	true
1000000	15312344	108121	10709	15193514	0	0	2007	false	false	true	true
0	10190000	0	0	0	10190000	0	2003	false	false	true	true

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Engage Bond Counsel ContractsEngageBondCounselContracts	Any Research AgreementsAnyResearchAgreements	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
false	false	false	false	false	0.00000	0.00000	0.00000	true
false	false	true	true	false	0.01000	0.00000	0.01000	true
false	false	false	false	false	0.00000	0.00000	0.00000	true
					0

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Business Name Line1NameOfGICProvider/BusinessNameLine1	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate
0
false	true	false	false	0	false	false
0
false	false	false	false	0	false	false
0
false	true	false	false	0	false	false
0
false	true	false	false	0	false	false

Form990 Schedule K Part VI Form990ScheduleKPartVI (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Schedule K, Part I and II	0	Series 2010 is one integrated structure as reported on IRS Form 8038. It is comprised of two sub-components, Series 2010 A & Series 2010 B. Series 2010 A was issued for the purpose of a May 2010 refunding . Series 2010 A had proceeds of $22,290,000 and is structured as variable rate debt. Series 2010 B, which was issued simultaneously with Series 2010 A and, as mentioned previously, is integrated with Series 2010 A, had total proceeds of $4,400,421. The Series 2010 B component is structured as fixed rate debt and was issued to fund various capital projects.
Schedule K, Part III, Line 3	0	The College contracts with Sodexo Dining Services, a for-profit corporate entity, for the management of the dining operations on campus. The current contract is structured such that the preponderance of fees is based on a per capita charge, and the contract has a one-year term. A small portion of the proceeds of the Series 2008 Bonds were used to renovate one of the seven dining venues on campus, but given its nature and term, the College, with the advice of counsel, believes the contract with Sodexo is a Qualified Management Contract and not subject to private use.
Schedule K, Part IV, Line 3	0	The College has three (3) interest rate hedging contracts in place. These contracts were entered into to mitigate the College's interest rate risk inherent with variable rate structured debt. Each requires the College to pay a fixed rate in return for a variable rate that is expected to approximate the interest rate payable on the College's debt in typical markets. None of the three interest rate hedging agreements are structured as "qualified" hedges on the records of the issuing authority of any of the College's bonds, which is the Northampton County General Purpose Authority. As such, none of the interest rate hedges are integrated for tax purposes with a particular debt issuance of the College. UBS is the counterparty on each of the interest rate hedges and they have scheduled terms of 2023, 2030, and 2034.

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	ANGEL L MENDEZ	NamePerson

Field	Value	IRS element (for citing)
Relationship	KEY EMPL CISCO SYSTEMS	Relationship
Amount Of Transaction	112570	AmountOfTransaction
Description Of Transaction	COLLEGE SUPPLIER	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Identifier	Interested Party Transacations	Identifier
Return Reference	Schedule L, Part IV	ReturnReference
Explanation	Angel L. Mendez - Trustee Mendez is a key employee of Cisco Systems, which is a supplier to the College. During the year, no payments were made to Cisco. However, payments totaling $112,570 were made to Cisco's partners and suppliers.	Explanation

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArt
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	24815	NoncashContribsRptdF990
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	43	NumberOfContributions
Noncash Contribs Rptd F990	5778906	NoncashContribsRptdF990
Method Of Determining Revenues	HIGH/LOW OF DAILY MV	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStock
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther

Collectibles Collectibles

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	314185	NoncashContribsRptdF990
Method Of Determining Revenues	Minerals-Appraisal	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Food Inventory		FoodInventory
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts

Other Non Cash Contributions Table OtherNonCashContributionsTable (5 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	EVENTS & SILENT AUCTIONS	9	24723	PAID RECEIPT
X	PHOTOGRAPHS	1	20000	APPRAISAL
X	EQUIPMENT	3	167174	APPRAISAL/FMV
X	GOOD, SERVICES, ADV	9	74545	PAID RECEIPT
X	OTHER	5	254	PAID RECEIPT/APPRAIS

Field	Value	IRS element (for citing)
Number Of8283 Received	4	NumberOf8283Received
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	true	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

Field	Value	IRS element (for citing)
Identifier	Schedule M, Line 32a	Identifier
Explanation	To the extent that the College receives donations of securities, its investment broker/manager is tasked with selling those securities.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (11 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Governance Management & Disclosure	Form 990, Part VI, Section A, Line 2	Trustees Fisher and Kamine had a business relationship in FY 2011-12 for the 6/30/12 Form 990. Trustee Cox and Officer Muhlfelder had a business relationship in FY 2011-12 for the 6/30/12 Form 990.
Management Company Details	Form 990, Part VI, Section A, Line 3	The College contracts with Sodexo Dining Services to manage its academic year dining, summer dining and campus catering operations. The FY 2011-12 expenses incurred for the student-related program are included as part of Auxiliary Services expenses (Form 990, Part IX, Line 24b). For calendar year 2011, the College paid a total of $6,590,271 to Sodexo for these services as disclosed in Form 990, Part VII, Section B. (Attachment 3)
Significant Changes to Organizational Documents	Form 990, Part VI, Section A, Line 4	There were two amendments to the Statutes (Sections 45 & 46) approved during the 2011-12 tax year because of the addition of the new Compensation Committee as a Standing Committee of the Board of Trustees.
Form 990 Review Process	Form 990, Part VI, Section B, Line 11A	The Form 990 return is prepared by the College's Administration and forwarded to the College's outside tax advisor for review and input into electronic media. The College will discuss the return with its advisor and make revisions prior to the printing of a first draft return for review and comment by the Committee on Audit. The Committee on Audit reviews this first draft return, recommends changes and such changes are then incorporated into a revised draft return. This revised draft return is reviewed again by the Committee on Audit to ensure the Committee on Audit's requested changes were made. The Administration will then distribute the revised draft return to the full Board of Trustees with a request for review and comment. If any questions are received from a Board member and the return is revised as a result, the Administration will advise the full Board of the change before filing of the final return.
Monitoring and Compliance with Conflict of Interest Policy	Form 990, Part VI, Section B, Line 12C	The Conflict of Interest Policy for Trustees, Board Associates, Officers of Administration and Other Key Employees of Lafayette College was approved by the College's Board of Trustees on October 27, 1979. This policy is mailed to all applicable individuals annually for their review and disclosure of both any exceptions to the policy and any affiliations that the policy requires disclosure for. All disclosure required under this policy must be directed in writing to the Secretary of the Board of Trustees who shall be responsible for the administration of this policy. Matters under this policy concerning Trustees shall be initially reported to the Chairperson of the Board for appropriate action. Matters concerning staff will be referred initially to the President. Information disclosed to the Secretary (or Chairperson or President) will be held in confidence except when the best interest if the institution is served by disclosing the information to the Board in Executive Session.
Records Retention Policy	Form 990, Part VI, Section B, Line 14	The Controller's Office has a written records retention policy that is posted and available for staff review. This policy is consistent with IRS record retention guidelines. Other campus offices may also have their own office policy for retention, consistent with guidelines established for outside regulatory agencies and the office's needs. There is no formal overall campus-wide records retention policy.
Process for Determining Compensation of CEO and Officers of Administration	Form 990, Part VI, Section B, LInes 15A & B	For the CEO, the Board Chair obtains relevant data for comparable institutions by surveys and other available resources. There is also an annual performance evaluation. For Officers of Administration (Vice-Presidents), the President reviews national data from organizations such as CUPA (College and University Personnel Administration). There is a performance evaluation that includes input from applicable Trustees with whom the Officer works closely. There is also benchmarking against the salaries of comparable institutions.
Document Availability to Public	Form 990, Part VI, Section C, Line 19	The College's audited financial statements for fiscal years 2011-12, 2010-2011, 2009-2010, 2008-2009 and 2007-2008 are available on the College's website. The College does not make its governing documents and conflict of interest policy available to the public on its website. Requests for copies of Forms 990 and 990T are provided promptly upon request in either hard-copy or electronic form and the College does not charge for either copying or mailing costs. After the filing of the Form 990 return for the same tax year, the College will provide either an electronic or hard-copy version directly to Guidestar so they are available to Guidestar for uploading to the Guidestar website. The most recent three years Form 990 returns available are included on the Guidestar website. The College also cooperates with third-party organizations such as Guidestar to the extent possible if they have more detailed questions about our return. The College's financial statements (and limited operating statistics) are also available on two additional websites: 1) The Municipal Securities Rulemaking Board's Electronic Municipal Market Access (EMMA) website: http://emma.msrb.org The College is required to file with EMMA per our 15c2-12 requirements associated with some of its tax-exempt debt. 2) Digital Assurance Certification (DAC)'s website: http://www.dacbond.com/ The College utilizes DAC as a method of getting our documents to EMMA but DAC also posts these documents to their own website where it is publically accessible free of charge. Users are asked to register on this site. The College's status as an organization exempt from Federal taxes dates back to December 1942. Upon request, the College will also provide a copy of its May 25, 2004 letter received from the Internal Revenue Service reaffirming the College's exempt status.
DONOR ADVISED FUNDS	Form 990, Part IV, Line 6	The College is not a sponsoring organization as described in Section 170(c)
Change in Net Assets	Form 990, Part XI, Line 5	NET UNREALIZED GAINS (LOSSES ON INVESTMENTS) (25,537,737) INVESTMENT EXPENSES 8,219,927 CHANGE IN ANNUITIES PAYABLE ESTIMATE (92,890) GAIN ON CONDITIONAL ASSET RETIREMENT - FIN 47 3,670,215 DISTRIB FROM PRINCIPAL TO FUND ANNUTITIES PAYABLE (1,887,847) CHANGE IN MV OF INTEREST RATE SWAP AGREEMENTS (8,557,684) PROVISION FOR UNCOLLECTIBLE NON OP PLEDGES REC 497,004 DISPOSAL OF PROPERTY, PLANT & EQUIPMENT 78,220 CHANGE IN POSTRETIREMENT BENEFIT COST (8,074,000) VOLUNTARY RETIREMENT INCENTIVE - FAC & NON FAC (1,283,047) ----------- TOTAL $(32,967,839) ===========
Procedures to Undertake Corrective Action	Schedule K, Part V	Effective May 1, 2013, Lafayette College established written procedures to ensure that all nonqualified bonds of an issue are remediated in accordance with the requirements under Regulation sections 1.141-12 and 1.145-2 and that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations.