2011-05-16T12:45:04-05:00 2010-06-30 Dartmouth College 37 Dewey Field Road Suite 6015 Hanover NH 03755 990 2009-07-01 020222111 Trustees of Dartmouth College TRUS 6036463011 37 Dewey Field Road No 6015 Hanover NH 03755 Gail Goodness 6036463011 2011-05-16 6036463011 2009 2016-02-24 21:20:13Z Jim Yong Kim 37 Dewey Field Road No 6015 Hanover NH 03755 9345633648 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. 21 17 10165 15000 4217156 -10259859 295007786 307802477 379481888 401488707 -22485239 141742180 -22187511 13522475 629816924 864555839 108322315 119861607 0 443833554 435615604 0 32510741 299739417 314849107 851895286 870326318 -222078362 -5770479 4848728011 5130554144 1467368484 1624293861 3381359527 3506260283 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 438448442 111924348 309302753 4a. Education and Academic Support: Uniting opportunities for practice and theory in every discipline, academics at Dartmouth are innovative, interdisciplinary, international, individualized, and structured to foster the most important features of a world-class education. 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 995-person faculty teaches and guides almost 6,000 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 72,000 digital resources such as indexes, databases and journals, 20,000 print and digital journal titles, 2.4 million books, over 368,000 ebooks, 24,000 films and videos, 192,000 maps, 38,000 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. 176124817 7126862 13511200 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 Mary Hitchcock Memorial Hospital. In addition, Dartmouth has more than 70 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 2010, faculty and others engaged in sponsored activity received $230.7 million in awards from external funding agencies. 133242454 810397 78674754 4c. Campus Life: Fundamental to the College's mission of intellectual excellence is the belief that education is formative, both in and outside of the classroom. Dartmouth College has a rich and long tradition in liberal arts learning which recognizes that education is a continuum that extends beyond the four walls of the classroom. More than 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 80% of undergraduates participating in at least one of the 34 intercollegiate, 35 intramural and 21 club sports 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 over 350 student groups which allow students to explore interests in diverse areas, including community service, the environment, music, dance, politics and journalism. 747815713 1 1 0 1 1 0 1 1 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 1 2075 0 1 10165 1 1 1 1 GM SP FR IT UK SF NZ EI 0 0 0 1 1 1 1 0 0 0 0 0 21 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 NH X Controller's Office 6036463011 37 Dewey Field Rd Suite 6015 Hanover NH 03755 Leon D Black 3.00 X 0 0 0 Christine B Bucklin 3.00 X 0 0 0 John J Donahoe 3.00 X 0 0 0 Denise M Dupre 3.00 X 0 0 0 R Bradford Evans 3.00 X 0 0 0 Jose W Fernandez 3.00 X 0 0 0 Charles E Haldeman Jr 3.00 X 0 0 0 William W Helman IV 5.00 X 0 0 0 Jeffrey R Immelt 3.00 X 0 0 0 Pamela J Joyner 3.00 X 0 0 0 John Lynch 0.10 X 0 0 0 Stephen F Mandel Jr 5.00 X 0 0 0 Albert G Mulley 3.00 X 0 0 0 Sherri C Oberg 3.00 X 0 0 0 John A Rich 3.00 X 0 0 0 Peter M Robinson 3.00 X 0 0 0 Thurman J Rodgers 3.00 X 0 0 0 Steven Roth 3.00 X 0 0 0 Stephen F Smith 3.00 X 0 0 0 Diana L Taylor 3.00 X 0 0 0 Jim Yong Kim 40.00 X X 537718 0 75050 Steven N Kadish 40.00 X 120510 0 11719 Adam M Keller 40.00 X 399576 0 456060 Barry P Scherr 40.00 X 403824 0 43642 Carol L Folt 40.00 X X 357283 0 92767 William R Green 40.00 X 363118 0 25834 Carolyn A Pelzel 40.00 X 288344 0 38518 Robert B Donin 40.00 X 306712 0 41176 Thomas M Crady 40.00 X 280823 0 244289 Paul P Danos 40.00 X 551177 0 41047 Mark A Israel 40.00 X 536860 0 27500 Matthew J Slaughter 40.00 X 516518 0 43910 Murray Korc 40.00 X 498085 0 45409 Robert G Hansen 40.00 X 463084 0 48317 James E Wright 40.00 X 658407 0 62978 David H Russ 0.00 X 290997 0 33155 Stephen P Spielberg 0.00 X 426659 0 85503 6999695 0 1416874 698 1 1 0 Bond Brothers Inc 145 Spring Street Everett MA 02149 Construction and general contractor 22173532 Pizzagalli Construction Company 50 Joy Drive South Burlington VT 05403 Construction and general contractor 11565535 Mary Hitchcock Memorial Hospital One Medical Center Drive Lebanon NH 03756 Medical Research 9030254 Engelberth Construction Inc 428 Main Street Keene NH 03431 Construction and general contractor 8184290 KesselDuff Corporation 78 Miller Lane Williston VT 05495 Construction and general contractor 7853960 110 338014 136789150 170675313 20816983 307802477 Tuition and Fees 611600 257026676 257026676 Auxiliary Service 611710 59720471 56076421 3644050 Medical Related 611600 50956712 50956712 All other 611600 19232525 18824118 408407 Other Education Relate 611600 14552323 14525320 27003 401488707 32598016 32598016 122349 122349 3191823 3191823 19932775 15243022 4689753 4689753 137696 4552057 8574457589 8465435774 109021815 109021815 109021815 400971 399013 1958 1958 Split interest distrib 525920 5519631 5519631 Other revenue 900099 119310 119310 5638941 864555839 397409247 4217156 155126959 58135 58135 116082088 116082088 3721384 3721384 3969165 1290409 2242804 435952 576171 334674 241497 365369886 307078066 38671725 19620095 28466125 23295118 3588567 1582440 15842992 12889384 2068062 885546 21391265 17403256 2792340 1195669 94430 94430 1204484 262896 940635 953 572893 1790 571103 53880 53880 3353454 3353454 73923713 64858651 4774819 4290243 1109458 1010343 37060 62055 22130919 18932716 960050 2238153 9092807 3640479 5282414 169914 390578 389862 7 709 41649224 38332766 3151766 164692 18507058 16607198 825203 1074657 1475966 1387115 52849 36002 33216477 25825129 7370586 20762 45308329 42630214 2616555 61560 1245719 99776 1131328 14615 Purchase for resale 18528627 18483190 43384 2053 Book & media 10901274 10766800 75289 59185 Non Cap Equipment 5119382 4666729 422166 30487 Other equip rental and 4185845 3581776 398983 205086 22784590 14091339 8333338 359913 870326318 747815713 89999864 32510741 12088193 15969668 569360755 367065127 228610843 238276488 30765085 49430636 42297982 45339720 3930583 3135911 8245651 8856977 1294108637 512925985 755431145 781182652 1652732801 1182953509 1494665437 2424976160 2106399 2709269 48493137 10658027 4848728011 5130554144 67628264 152255362 29714379 30594009 579295000 575955000 44302413 45923882 42807347 41944529 287917313 287636770 415703768 489984309 1467368484 1624293861 X 885175750 863744571 1655552066 1729036229 840631711 913479483 3381359527 3506260283 4848728011 5130554144 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 0 1 0 0 1 55155 0 0 55155 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: Federal Activity: Meetings were held with US Senators, Congressional representatives and staff to discuss matters including international students, and support for research priorities. A letter of support for global medical residency programs was sent to the US Global AIDS coordinator. State Activity: Meetings were held with the State of New Hampshire Legislature for matters including the New Hampshire Hospital contract. 8 728631 277906 2724770 1 1 X X X X 1 0 1 2824894018 82027937 298314278 -47197989 -159735937 2998302307 3660159037 90714805 -691492222 -53107545 -181380057 2824894018 0.27260 0.27600 0.45140 0 0 19090476 19090476 863003629 316129578 546874051 219291276 138113395 81177881 192723256 58683012 134040244 781182652 Limited Partnership/Similar 1459034522 F Real Estate and Other 965941638 F 2424976160 Mark to market liability 117173892 Employee Benefit Liabilities 326456688 Conditional asset retirement obligation 21845196 Government advance, student loans 19872540 Other 4635993 489984309 Part III, Line 1a The College's collections include works of art, literary works, historical treasures, and artifacts that are maintained in the College's 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 the College'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 the College and the broader community. Access to works of art is provided through permanent collection displays, the online collections database, special exhibitions, the Web site, 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 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 the College Archives, the Rare Books Collections, and the Manuscripts Collection. The College 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 2b Certain donors have established irrevocable split-interest agreements with the College, 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 residential rental properties and some commercial rental properties, the College 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 the College. 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 5500 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, made in accordance with the spending policy approved by the Board of Trustees, are intended to support the College's mission by contributing funding to a variety of needs in academic, research and student life activities. Part X, Line 2 The College believes it has taken no significant uncertain tax positions. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 Central America and the Caribbean Investment Central America and the Caribbean Program Services Sponsored Research Central America and the Caribbean Program Services Study-abroad programs East Asia and the Pacific Program Services Sponsored Research East Asia and the Pacific Program Services Study-abroad programs Europe Investment Europe Program Services Education and educational consulting Europe Program Services Medical Education Europe Program Services Sponsored Research Europe Program Services Study-abroad programs Europe 1 Fundraising Middle East and North Africa Program Services Education and educational consulting Middle East and North Africa Program Services Sponsored Research Middle East and North Africa Program Services Study-abroad programs North America Program Services Sponsored Research North America Program Services Study-abroad programs Russia and the Newly Independent States Program Services Sponsored Research Russia and the Newly Independent States Program Services Study-abroad programs South America Program Services Sponsored Research South America Program Services Study-abroad programs South Asia Investment South Asia Program Services Sponsored Research South Asia Program Services Study-abroad programs Sub-Saharan Africa Program Services Medical Education Sub-Saharan Africa Program Services Sponsored Research Sub-Saharan Africa Program Services Study-abroad programs 0 1 0 Scholarships/Tuition Remission Central America and the Caribbean 9 117485 Student scholarships FMV Scholarships/Tuition Remission East Asia and the Pacific 37 500857 Student scholarships FMV Scholarships/Tuition Remission Europe 174 2290804 Student scholarships FMV Scholarships/Tuition Remission Middle East and North Africa 8 111301 Student scholarships FMV Scholarships/Tuition Remission North America 21 282560 Student scholarships FMV Scholarships/Tuition Remission Russia and Newly Independent States 3 37101 Student scholarships FMV Scholarships/Tuition Remission South America 17 232365 Student scholarships FMV Scholarships/Tuition Remission South Asia 5 37611 Student scholarships FMV Scholarships/Tuition Remission Sub-Saharan Africa 8 111301 Student scholarships FMV Schedule F, Part IV Other Information Part I, Line 2. Grants distributed by the College consist of scholarships and fellowships given to Dartmouth students to pursue study or research outside the United States. 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. 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. Part I, Line 3. As permitted by guidance published in the "2008 Form Tips and FAQ's", Dartmouth is not reporting amounts in Column F because the accounting records supporting the financial statements do not consistently record foreign expenditures. Dinner/Dance 391146 391146 91520 78185 10850 210591 Dinner/Dance 9825 9825 242 2753 235 4637 400971 400971 91762 80938 11085 215228 399013 1958 1 Esperanza Academy 198 Garden Street Lawrence MA 01840 731722348 501(c)3 12000 Distribution from Dartmouth Donor Advised Funds Church in the Forest PO Box 1027 Pebble Beach CA 93953 770366043 501(c)3 38135 Distribution from Dartmouth Donor Advised Funds 2 0 Scholarships/Tuition Remission 3331 45480 110963943 FMV Student Scholarships/tuition remission and employee tuition reimbursement Fellowships 958 9630832 Internships 486 885738 Health Insurance Subsidy 675 22305 1298177 FMV Subsidize health insurance cost for graduate students Prize and Awards 465 342757 57397 FMV Achievement recognition awards to individual students Other Information: Part IV: 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 0 1 X X X X X 1 0 0 0 0 0 0 1 1 1 Jim Yong Kim 419754 0 100000 0 17964 0 27500 0 47550 0 612768 0 0 0 Adam M Keller 384695 0 0 0 14881 0 431624 0 24436 0 855636 0 0 0 Barry P Scherr 393945 0 0 0 9879 0 24500 0 19142 0 447466 0 0 0 Carol L Folt 340160 0 0 0 17123 0 24500 0 68267 0 450050 0 0 0 William R Green 362284 0 0 0 834 0 24500 0 1334 0 388952 0 0 0 Carolyn A Pelzel 276641 0 0 0 11703 0 24500 0 14018 0 326862 0 0 0 Robert B Donin 292281 0 0 0 14431 0 24500 0 16676 0 347888 0 0 0 Thomas M Crady 209307 0 0 0 71516 0 192218 0 52071 0 525112 0 0 0 Paul P Danos 527931 0 0 0 23246 0 24500 0 16547 0 592224 0 0 0 Mark A Israel 485357 0 44563 0 6940 0 24500 0 3000 0 564360 0 0 0 Matthew J Slaughter 504137 0 0 0 12381 0 24500 0 19410 0 560428 0 0 0 Murray Korc 456479 0 23087 0 18519 0 24500 0 20909 0 543494 0 0 0 Robert G Hansen 446081 0 0 0 17003 0 24500 0 23817 0 511401 0 0 0 James E Wright 575150 0 0 0 83257 0 24500 0 38478 0 721385 0 0 0 David H Russ 236651 0 0 0 54346 0 24500 0 8655 0 324152 0 0 0 Stephen P Spielberg 0 0 0 0 426659 0 24500 0 61003 0 512162 0 421600 0 Part I, Line 1a First-class travel and companion travel College travel policy allows for first or business class air travel for College business purposes in limited circumstances. Consistent with this policy, on infrequent occasions senior officers, when accompanying the President or with his approval, flew first class. The lack of a major commercial airport within 80 miles of the College 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, who was also an employee of the College, occasionally traveled with him for business purposes including participating in alumni events and meetings with key constituent donors on the College's behalf. Tax indemnification and gross-up payments Former President Wright received gifts totaling $26,800 from College alumni upon his retirement in June 2009. This amount was included as imputed income in his compensation. The tax on this imputed income was grossed up and $9,638 was paid to President Wright for the purpose of tax indemnification. Housing Allowance or residence for personal use The College provided housing for the President, Dean of the College, and Dean of Faculty. These arrangements were for the convenience of the College and a condition of employment and therefore were not taxable to the individual. These residences are also used for Dartmouth College business functions. Personal Services Housekeeping services were provided by the College 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 The College 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 2010. Part I, Line 4a Adam Keller was awarded a severance agreement during calendar 2009. The arrangement provides for severance payments and continuation of certain benefits beginning in calendar year 2010 and continuing through October 2011. Steven Spielberg received $512,162 in reportable and other compensation during calendar 2009 under a severance arrangement awarded during fiscal 2007. Thomas Crady was awarded a severance agreement during calendar 2009. The arrangement provides for severance payments and continuation of certain benefits through August 2010. Mr. Crady received $104,654 in reportable and other compensation under this arrangement in calendar 2009. Part I, Line 7 The compensation of Mark Israel, Director of Norris Cotton Cancer Center, and Murray Korc, Professor and Chair of the Department of Medicine, includes a variable component based on their performance as leaders of clinical activities conducted at Dartmouth Hitchcock Medical Center. Part I, Line 8 Compensation paid to President Jim Yong Kim was paid pursuant to a contract subject to the initial contract exception. Supplemental Information Part III Part II: Included in base compensation for President Kim are payments made for consulting services beginning in March 2009 in connection with the presidential transition. President Kim was also paid a taxable supplemental payment when he took office to provide support for his transition to Dartmouth. Base compensation for James Wright includes amounts earned while he was on sabbatical as a faculty member following the end of his term as President. New Hampshire Health & Educ Facilities Authority 020279866 644614FP9 2003-03-12 113250000 Refund prior issue issued 6-1-93 0 0 New Hampshire Health & Educ Facilities Authority 020279866 644614RV3 2007-04-05 90000000 See below 0 0 New Hampshire Health & Educ Facilities Authority 020279866 644614RV3 2007-04-05 90000000 See below 0 0 New Hampshire Health & Educ Facilities Authority 020279866 644614YG8 2009-06-18 207389690 See below 0 0 1125000 1125000 1 0 1 1 3099064 17688 175986 2905390 2009 1 0 1 1 93473682 471429 3473682 89528571 2009 0 0 1 1 164860873 76451044 1042393 87367436 1 0 0 1 0 0 0 0 0 0.00600 0.00600 1 0 1 0 0 0 0.00600 0.00600 1 0 1 0 0 0 0.00700 0.00700 1 0 1 0 0 0 1 0 1 1 Wells Fargo Bank & Barclays Bank PLC 0 0 0 0 1 1 Wells Fargo Bank & Barclays Bank PLC 0 0 0 0 0 0 - 0 0 0 Ledyard Bank Dartmouth Officer and Ledyard Bank Director 324000 Interest and principal payments Hanover Inn loan 0 Ledyard Bank Dartmouth Officer and Ledyard Bank Director 153550 Interest and principal payments Lang Building loan 0 Apollo Investment Fund IV Dartmouth Trustee and Apollo Management Officer 9674 Capital Contributions 0 Apollo Investment Fund IV Dartmouth Trustee and Apollo Management Officer 1011477 Capital Distribution 0 Apollo Investment Fund V Dartmouth Trustee and Apollo Management Officer 5155 Capital Contribution 0 Apollo Investment Fund V Dartmouth Trustee and Apollo Management Officer 105846 Capital Distribution 0 Apollo Investment Fund VI Dartmouth Trustee and Apollo Management Officer 3503358 Capital Contribution 0 Apollo Investment Fund VI Dartmouth Trustee and Apollo Management Officer 3962852 Capital Distribution 0 Apollo Investment Fund VII Dartmouth Trustee and Apollo Management Officer 1121454 Capital Contribution 0 Greylock Equity LP Dartmouth Trustee and Greylock Executive Officer 260875 Capital Distribution 0 Greylock IX LP Dartmouth Trustee and Greylock Executive Officer 265500 Capital Distribution 0 Greylock XI LP Dartmouth Trustee and Greylock Executive Officer 815945 Capital Distribution 0 Greylock XII LP Dartmouth Trustee and Greylock Executive Officer 1000000 Capital Contribution 0 Greylock XII LP Dartmouth Trustee and Greylock Executive Officer 535990 Capital Distribution 0 Greylock XIII LP Dartmouth Trustee and Greylock Executive Officer 500000 Capital Contribution 0 Morgan Stanley Real Estate Fund IV Dartmouth Trustee and Morgan Stanley Officer 22296 Capital Contribution 0 Morgan Stanley Real Estate Fund IV Dartmouth Trustee and Morgan Stanley Officer 297197 Capital Distribution 0 Morgan Stanley Real Estate Fund V Dartmouth Trustee and Morgan Stanley Officer 2201338 Capital Contribution 0 Morgan Stanley Real Estate Fund VI Dartmouth Trustee and Morgan Stanley Officer 10898873 Capital Contribution 0 Morgan Stanley Real Estate Fund VI Dartmouth Trustee and Morgan Stanley Officer 397 Capital Distribution 0 Richard Folt Brother of Officer 45391 Compensation as an employee 0 Kathy Green Spouse of Key Employee 40204 Compensation as an employee 0 Younsook Lim Spouse of Officer 29790 Compensation as an employee 0 David Peart Spouse of Officer 157320 Compensation as an employee 0 Linda Snyder Spouse of Officer 213935 Compensation as an employee 0 Mary Donin Spouse of Key Employee 40142 Compensation as an employee 0 X 43 49 $1 per allocation X 566 20176683 market value X 3 634354 market value X 1 5870 market value X 1 1 $1 per allocation X 2 2 $1 per allocation X 2 3 $1 per allocation X Self-created items 1 1 $1 per allocation X Electronic and Specialized Equipment 9 10 $1 per allocation X Horses and Equestrian Equipment 4 5 $1 per allocation X Various 5 5 $1 per allocation 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 4 Amendment of Charter: On June 11, 2010 Trustees of Dartmouth College filed an affidavit of amendment to its charter with the State of New Hampshire. The amendment provides for distribution of the College's assets upon dissolution of the Corportion in accordance with IRS regulations. 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 sent 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 the College's Human Resources policy and is also 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 the College's President and other officers and key employees is as follows: (1) Comparability data are gathered by the Chief Human Resources Officer 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 Chief Human Resources Officer. The Compensation Committee approves the President's salary. Form 990, Part VI, Section C, line 19 The College 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 the College's website. Form 990, Part VII, Section A: During fiscal 2010, Carol Folt served for part of the year as a key employee in her position as Dean of the Faculty, and for the balance of the fiscal year as an Officer in her position as Provost. Schedule E Line 6a:Government Assistance: Dartmouth College received federal and state funding in support of its instructional and research programs. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments Part II, Event #1 - This was a joint funding raising event for Dartmouth College's Medical School and Dartmouth Hitchcock Medical Center (DHMC), a 501(c)(3) organization. The event was held on the Dartmouth College campus and all costs were paid by Dartmouth College and reimbursed by DHMC from the proceeds. All proceeds were recorded by DHMC. Half of the proceeds received in excess of costs were remitted to Dartmouth College by DHMC in the College's fiscal year ended 6-30-11 and will therefore be reported on the College's Form 990 Schedule G for fiscal 2011. Schedule K Part I, Description of Purpose: Line B-Refund prior issues (issued 3-6-97 and 11-13-97), issue costs and capital renovations. Line C- Issue costs, new construction, capital renovations, and equipment. Line D-Refund prior issues (issued 12-17-98 and 12-1-99) , issue costs, new construction, capital renovations, and utility upgrades. Schedule K, Part IV, Line 3, Columns B&C, Hedge Terms: Wells Fargo Bank NA Term: $32M Hedge, effective 6-1-07, matures 6-1-27 Dartmouth pays a fixed interest rate of 3.774% and receives variable interest of 72% of 1 month LIBOR. Barclays Bank PLC Term: $53M Hedge, effective 6-1-07, matures 6-1-28. Dartmouth pays a fixed interest rate of 3.777% and receives variable interest of 72% of 1 month LIBOR. Form 990 Part IV, Line 28c, Business Transactions with Interested Persons: A special and rigorous conflict-of-interest policy applies to endowment 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 the College's Policy on Pecuniary Benefit Transactions and Related Party Investments, such investments are strictly regulated. Before such an investment may be made, the College's 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 and 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 requires a finding that the proposed investment is fair and reasonable to the College and that it is no less favorable than the terms of similar recent investments made by the College 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 IV, Line 12a, Audited Financial Statements: Dartmouth College received audited financial statements for fiscal 2010 which were prepared in accordance with GAAP. The financial statements of the College include the accounts of its wholly owned subsidiaries and certain affiliated organizations that are financially controlled by the College. Since certain of these organizations file a separate Form 990, amounts reported on those Form 990s are not included in the results reported on this Form 990. Form 990, Part VI Section B, Line 16a,Joint Venture and Similar Agreements: As of June 30, 2010, the College held a majority interest in Hanover Water Works Company (HWW Co.). HWW Co. was established in 1893 as a private company owned jointly by Dartmouth College (52.8%) and the Town of Hanover, NH (47.2%) in response to a civic need for a dependable water supply. Dartmouth does not have a profit motive for its ownership of HWW Co. This is the only joint venture or similar arrangement the College is engaged in. Effective July 1, 2010, HWW Co. conveyed its water system assets to the Town of Hanover, effectively municipalizing the water system. As a result, the remaining assets of HWW Co. consist primarily of the land surrounding the reservoirs feeding the water system. In conjunction with this transaction, the ownership interests of the College and the Town in HWW Co. were adjusted to 50% - 50%. Subsequently, the name of HWW Co. was changed to Trescott Company, Inc. Form 990, Part VI, Line 16b: The College's investment policies do not specifically address joint venture and similar arrangements. Dartmouth Educational Loan Corporation 37 Dewey Field Road Suite 6015 Hanover NH 03755 020362923 Educational Loans NH 501(c)(3) Line 11a, I Tuck Educational Loan Corporation 37 Dewey Field Road Suite 6015 Hanover NH 03755 237181995 Educational Loans NH 501(c)(3) Line 11a, I Swift Diamond Holdings #1 Inc 37 Dewey Field Road Suite 6015 Hanover NH 03755 020489222 Real Estate Holding NH 501(c)(2) Centerra Marketplace Inc 37 Dewey Field Road Suite 6015 Hanover NH 03755 043369425 Real Estate Holding NH 501(c)(25) Seven Lebanon Street Inc 37 Dewey Field Road Suite 6015 Hanover NH 03755 020514301 Real Estate Holding NH 501(c)(25) South Street Downtown Holdings Inc 37 Dewey Field Road Suite 6015 Hanover NH 03755 020518373 Real Estate Holding NH 501(c)(25) Foundation for Jewish Life at Dartmouth 37 Dewey Field Road Suite 6015 Hanover NH 03755 020486238 Real Estate Holding NH 501(c)(2) Hamden Assurance Risk Retention Group Inc 30 Main Street Suite 330 Burlington VT 05401 208530788 Insurance VT 501(c)(3) Line 11a, I Dartmouth College Trust 37 Dewey Field Road Suite 6015 Hanover NH 03755 Fundraising UK The Dartmouth Educational Association 111 Huntington Avenue Boston MA 021997165 046045227 Supporting Organization MA 501(c)(3) Line 11c, III-FI Dartmouth-Hitchcock Medical Center One Medical Center Drive Lebanon NH 037560001 222715483 Supporting Organization NH 501(c)(3) Line 11a, I AEW LP c/o AEW Capital Management World Tr Boston MA 02110 043031230 Investment DE AEW Dartmouth Trust Investment -296980 0 405 0 Northaven Capital Partners LP 375 Park Avenue 27th Floor New York NY 10152 205997852 Investment NY Investment 1326980 192378 0 0 RP Realty Partners Retail Entrepreneurial Fund III-B LP 9601 Wilshire Blvd Suite 260 Beverly Hills CA 90210 261340426 Real Estate Investment CA Investment -1058256 7086058 0 109601 0 Sarofim Multifamily Partners II LP 8115 Preston Rd Suite 400 Dallas TX 75225 208782507 Real Estate Investment TX Investment -507699 10715600 0 0 Hanover WaterWorks Company 194 Lebanon Street Hanover NH 03755 020144680 Water Service NH C 1083944 987282 0.52800 AEW Dartmouth Trust 204 Parkhurst Hall Main St Hanover NH 03755 046077637 Real Estate Trust NH T 1.00000 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 1 1 1 Dartmouth Educational Loan Corporation D -178350 Dartmouth Educational Loan Corporation Q 661170 Dartmouth Educational Loan Corporation P -437988 Foundation for Jewish Life at Dartmouth K -66569 Foundation for Jewish Life at Dartmouth B 112412 Seven Lebanon Street Inc J 1262238 Seven Lebanon Street Inc K -94346 Seven Lebanon Street Inc B 150000 South Street Downtown Holdings Inc R -866077 South Street Downtown Holdings Inc K -130716 South Street Downtown Holdings Inc Q 53134 Centerra Marketplace Inc K -33731 South Street Downtown Holdings Inc R -279000 Hanover Water Works Company L 554373 Dartmouth Class of 1984 C -54021 Dartmouth College Trust C -55518 Dartmouth-Hitchcock Medical Center P -3459225 Dartmouth-Hitchcock Medical Center R -363170