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        <NamePerson>REV DAVID J THEROUX SSE</NamePerson>
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        <NamePerson>DR ROBERT F TOBIN</NamePerson>
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      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="IRS990ScheduleC">
      <TotalGrassrootsLobbying />
      <TotalDirectLobbying />
      <TotalLobbyingExpenditures />
      <OtherExemptPurposeExpenditures />
      <TotalExemptPurposeExpenditures />
      <LobbyingNontaxableAmount />
      <GrassrootsNontaxableAmount />
      <TotLobbyingGrassrootMinusNonTx />
      <TotLobbyExpendMnsLobbyingNontx />
      <Volunteers>false</Volunteers>
      <PaidStaffOrManagement>false</PaidStaffOrManagement>
      <MediaAdvertisements>false</MediaAdvertisements>
      <MailingsMembers>false</MailingsMembers>
      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>true</GrantsOtherOrganizations>
      <GrantsOtherOrganizationsAmount>500</GrantsOtherOrganizationsAmount>
      <DirectContactLegislators>false</DirectContactLegislators>
      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>false</OtherActivities>
      <TotalLobbyingExpendituresIIB>500</TotalLobbyingExpendituresIIB>
      <NotDescribedIn501c3>false</NotDescribedIn501c3>
      <Form4720Filed4912Tax>false</Form4720Filed4912Tax>
      <Form990ScheduleCPartIV>
        <Identifier>GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES</Identifier>
        <ReturnReference>PART II-B, LINE 1F</ReturnReference>
        <Explanation>THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORMS SERVING THE INTERESTS OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $16,091. APPROXIMATELY $500 OF THIS AMOUNT WAS ALLOCATED TO LOBBYING.</Explanation>
      </Form990ScheduleCPartIV>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYear>
        <BeginningOfYearBalance>55196338</BeginningOfYearBalance>
        <Contributions>494093</Contributions>
        <InvestmentEarningsOrLosses>5881858</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>1850593</GrantsOrScholarships>
        <OtherExpenditures>899595</OtherExpenditures>
        <AdministrativeExpenses>303188</AdministrativeExpenses>
        <EndOfYearBalance>58518913</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>73084203</BeginningOfYearBalance>
        <Contributions>1279814</Contributions>
        <InvestmentEarningsOrLosses>-15818576</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>2546083</GrantsOrScholarships>
        <OtherExpenditures>508567</OtherExpenditures>
        <AdministrativeExpenses>294453</AdministrativeExpenses>
        <EndOfYearBalance>55196338</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.28000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.44000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.28000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>2335261</OtherCostOrOtherBasis>
        <BookValue>2335261</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>117655013</OtherCostOrOtherBasis>
        <Depreciation>57105988</Depreciation>
        <BookValue>60549025</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>32975104</OtherCostOrOtherBasis>
        <Depreciation>25775344</Depreciation>
        <BookValue>7199760</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>6817503</OtherCostOrOtherBasis>
        <Depreciation>2830904</Depreciation>
        <BookValue>3986599</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>74070645</TotalOfBookValueLandBuildings>
      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
      <OtherSecurities>
        <Description>CASH EQUIVALENTS</Description>
        <BookValue>6005827</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>DOMESTIC EQUITIES INDEX FUND</Description>
        <BookValue>3535504</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>GLOBAL EQUITIES MUTUAL FUNDS</Description>
        <BookValue>23147455</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>HEDGE FUND-OF-FUNDS &amp; P.E.</Description>
        <BookValue>11636510</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>DEPOSITS WITH BOND TRUSTEES</Description>
        <BookValue>4829395</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>DIRECT HEDGE FUND</Description>
        <BookValue>4108729</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>SUBORDINATED DEBT</Description>
        <BookValue>402523</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>REAL ESTATE</Description>
        <BookValue>295448</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>53961391</TotalOfBookValueSecurities>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>OTHER LIABILITIES</Description>
        <Amount>4108426</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>AMTS HELD ON BEHALF OF OTHERS</Description>
        <Amount>2049985</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>REFUNDABLE ADVANCES</Description>
        <Amount>4029004</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ANNUITY OBLIGATION</Description>
        <Amount>128028</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CAPITAL LEASE OBLIGATIONS</Description>
        <Amount>1402807</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>11718250</TotalOfAmounts>
      <TotalRevenue>98512373</TotalRevenue>
      <TotalExpenses>97769924</TotalExpenses>
      <ExcessOrDeficitForYear>742449</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>3283460</NetUnrealizedGLOnInvestments>
      <OtherAmount>-30632</OtherAmount>
      <TotalAdjustments>3252828</TotalAdjustments>
      <ExcessOrDeficitPerFS>3995277</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>78753325</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>3283460</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>3283460</RevenueNotRptdF990>
      <RevenueSubtotal>75469865</RevenueSubtotal>
      <OtherRevenuesNotIncluded>23042508</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>23042508</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>98512373</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>74758048</TotExpensesEtcAuditedFinclStmt>
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      <ExpensesNotRptdF990>32250</ExpensesNotRptdF990>
      <ExpensesSubtotal>74725798</ExpensesSubtotal>
      <OtherExpensesNotIncluded>23044126</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>23044126</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>97769924</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>ENDOWMENT FUNDS</Identifier>
        <ReturnReference>PART V, LINE 4</ReturnReference>
        <Explanation>THE PRIMARY USE OF THE COLLEGE'S ENDOWMENT IS TO SUPPORT OUR STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION THROUGH SCHOLARSHIP ASSISTANCE, RESEARCH AND STUDY ABROAD OPPORTUNITIES, SERVICE LEARNING, STUDENT SERVICES AND LECTURES SERIES. IN A FEW INSTANCES, ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO SUPPORT LIBRARY ACQUISITIONS, DEPARTMENT CHAIRS AND DEFERRED MAINTENANCE ON BUILDINGS PREVIOUSLY FUNDED BY DONORS.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>RECONCILIATION OF CHANGE IN NET ASSETS</Identifier>
        <ReturnReference>PART XI, LINE 8</ReturnReference>
        <Explanation>ATHLETICS SUPER RAFFLE PROCEEDS ($30,632)</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS</Identifier>
        <ReturnReference>PART XII, LINE 4B</ReturnReference>
        <Explanation>ATHLETICS SUPER RAFFLE PROCEEDS $30,632 STUDENT FINANCIAL AID $23,044,126 SPECIAL EVENTS EXPENSES ($32,250) TOTAL $23,042,508</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN</Identifier>
        <ReturnReference>PART XIII, LINE 2D</ReturnReference>
        <Explanation>SPECIAL EVENTS EXPENSES $32,250</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS</Identifier>
        <ReturnReference>PART XIII, LINE 4B</ReturnReference>
        <Explanation>STUDENT FINANCIAL AID $23,044,126</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>THE COLLEGE INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS BYLAWS, EMPLOYEE HANDBOOK, GRADUATE AND UNDERGRADUATE CATALOGS, STUDENT CODE OF CONDUCT AND COLLEGE POLICIES HANDBOOK, FACULTY REGULATIONS, ON OUR APPLICATION SUPPLEMENT, AND UNDER FACTS ABOUT THE COLLEGE ON ITS WEBSITE AND WITHIN THE NEASC SELF STUDY DOCUMENT FOR REACCREDITATION. THE COLLEGE VALUES DIVERSITY AND HAS A BOARD OF TRUSTEES APPROVED POLICY WHICH IS ALSO CONTAINED WITHIN MANY OF THESE DOCUMENTS.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>SAINT MICHAEL'S COLLEGE RECEIVES GRANTS AND STUDENT AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR SUPPORT OF EDUCATIONAL AND STUDENT PROGRAMS.</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
      <GrantRecordsMaintained>true</GrantRecordsMaintained>
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        <Region>Europe (Including Iceland and Greenland)</Region>
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        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>SHORT-TERM PROGRAM</SpecificServicesProvided>
        <TotalExpenditures>24019</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>SHORT-TERM PROGRAM</SpecificServicesProvided>
        <TotalExpenditures>24424</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Sub-Saharan Africa</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>SHORT-TERM PROGRAM</SpecificServicesProvided>
        <TotalExpenditures>9314</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe (Including Iceland and Greenland)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>1165568</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>555502</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Middle East and North Africa</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>34668</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>41755</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>15600</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
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        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
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      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Sub-Saharan Africa</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>187492</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>4</NumberOfEmployees>
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      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe (Including Iceland and Greenland)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>2</NumberOfEmployees>
        <SpecificServicesProvided>AGENT</SpecificServicesProvided>
        <TotalExpenditures>2652</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>1</NumberOfEmployees>
        <SpecificServicesProvided>AGENT</SpecificServicesProvided>
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      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>RECRUITING</SpecificServicesProvided>
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      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe (Including Iceland and Greenland)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>RECRUITING</SpecificServicesProvided>
        <TotalExpenditures>2669</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America</Region>
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        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>RECRUITING</SpecificServicesProvided>
        <TotalExpenditures>6345</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>RECRUITING</SpecificServicesProvided>
        <TotalExpenditures>5338</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South Asia</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>SERVICE TRIP</SpecificServicesProvided>
        <TotalExpenditures>32831</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>SERVICE TRIP</SpecificServicesProvided>
        <TotalExpenditures>6768</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <TotalNumberOfOffices>0</TotalNumberOfOffices>
      <TotalNumberOfEmployees>7</TotalNumberOfEmployees>
      <TotalAmountSpent>2207121</TotalAmountSpent>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>Europe/Iceland/Greenland</Region>
        <NumberOfRecipients>63</NumberOfRecipients>
        <AmountOfCashGrant>336782</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>East Asia/Pacific</Region>
        <NumberOfRecipients>31</NumberOfRecipients>
        <AmountOfCashGrant>197355</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>South Asia</Region>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>9720</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>Sub-Saharan Africa</Region>
        <NumberOfRecipients>9</NumberOfRecipients>
        <AmountOfCashGrant>43450</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>South America</Region>
        <NumberOfRecipients>3</NumberOfRecipients>
        <AmountOfCashGrant>20360</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>North America</Region>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>9911</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>Cent. America/Caribbean</Region>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>10305</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>STUDENT SCHOLARSHIPS</TypeOfAssistance>
        <Region>Middle East/North Africa</Region>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>16503</AmountOfCashGrant>
        <MannerOfCashDisbursement>STUDENT A/C</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <Form990ScheduleFPartIV>
        <Identifier>ACTIVITIES OUTSIDE THE UNITED STATES</Identifier>
        <ReturnReference>PART I, LINE 3</ReturnReference>
        <Explanation>SHORT-TERM PROGRAMS SAINT MICHAEL'S COLLEGE INTERNATIONAL SHORT-TERM PROGRAMS ARE AN IMPORTANT AND CREATIVE WAY FOR FACULTY AND STUDENTS TO EXPAND THE BOUNDARIES OF THE SAINT MICHAEL'S CAMPUS. SHORT TERM STUDY TOURS ARE ACADEMIC COURSES DEVELOPED BY FACULTY. TYPICALLY LASTING TWO WEEKS, THESE PROGRAMS INVOLVE STUDY ABROAD, MAY INCLUDE DIRECT INVOLVEMENT IN ISSUES COVERED IN AN ON CAMPUS COURSE AND PROVIDE DIRECT EXPERIENCE ON A PARTICULAR TOPIC IN A PARTICULAR LOCALE. STUDY ABROAD THE COLLEGES UTILIZES OVER 20 THIRD-PARTY PROGRAM PROVIDERS AND EXCHANGE PARTNERS TO PROVIDE STUDENTS WITH OPPORTUNITIES TO STUDY IN OVER 70 COUNTRIES. THERE ARE MANY DIVERSE PROGRAM OFFERINGS FOR A STUDENT'S STUDY ABROAD EXPERIENCE. IN OUR INCREASINGLY GLOBAL SOCIETY, MORE AND MORE STUDENTS RECOGNIZE THE VALUE OF SPENDING A SEMESTER OR YEAR ABROAD. RECRUITING THE COLLEGE HAS ONE FULL-TIME STAFF MEMBER WHO TRAVELS TO RECRUIT INTERNATIONAL STUDENTS AND GROUPS FOR OUR ENGLISH LANGUAGE PROGRAMS AND UNDERGRADUATE ADMISSIONS. IN THE CURRENT YEAR, ANOTHER ADMISSIONS STAFF MEMBER ASSISTED WITH INTERNATIONAL RECRUITING ON A LIMITED BASIS. THESE ARE EXPENSES RELATED TO TRAVEL IN JAPAN, CHINA, KOREA, ENGLAND, ITALY, GERMANY, SWITZERLAND, AND BRAZIL. AGENTS THE COLLEGE'S APPLIED LINGUISTICS DEPARTMENT OFFERS A VARIETY OF ENGLISH LANGUAGE PROGRAMS FOR STUDENTS TO EARN A CERTIFICATE OF COMPLETION AND/OR MASTERS DEGREE IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES. UPON SUCCESSFUL COMPLETION OF THE ADVANCED ENGLISH PROGRAM LEVEL II, A STUDENT MAY MATRICULATE INTO AN UNDERGRADUATE DEGREE PROGRAM AT THE COLLEGE OR ELSEWHERE. THE COLLEGE USES INTERNATIONAL AGENTS TO ASSIST WITH RECRUITING AND ADMISSIONS FOR THESE PROGRAMS. SCHOLARSHIPS PART III SCHOLARSHIPS RELATED TO STUDENT STUDYING ABROAD FOR A SEMESTER OR A YEAR. ALL SCHOLARSHIPS ARE APPLIED TO THE STUDENTS' ACCOUNT BALANCE.</Explanation>
      </Form990ScheduleFPartIV>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <EventsInformation>
        <NameOfEvent1>GOLF CLASSIC</NameOfEvent1>
        <GrossReceiptsEvent1>64762</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>36079</CharitableContributionsEvent1>
        <GrossRevenueEvent1>28683</GrossRevenueEvent1>
        <NonCashPrizesEvent1>7440</NonCashPrizesEvent1>
        <RentFacilityCostsEvent1>19168</RentFacilityCostsEvent1>
        <FoodAndBeverageEvent1>3921</FoodAndBeverageEvent1>
        <OtherDirectExpensesEvent1>1721</OtherDirectExpensesEvent1>
        <TotalNumberOfOtherEvents>0</TotalNumberOfOtherEvents>
        <GrossReceiptsTotal>64762</GrossReceiptsTotal>
        <CharitableContributionsTotal>36079</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>28683</GrossRevenueTotalEvents>
        <NonCashPrizesTotalEvents>7440</NonCashPrizesTotalEvents>
        <RentFacilityCostsTotalEvents>19168</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>3921</FoodAndBeverageTotalEvents>
        <OtherDirectExpensesTotalEvents>1721</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>32250</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-3567</NetIncomeSummary>
      </EventsInformation>
      <GamingInformation>
        <GrossRevenueOtherGaming>32632</GrossRevenueOtherGaming>
        <CashPrizesOtherGaming>2000</CashPrizesOtherGaming>
        <VolunteerLaborOtherGaming>true</VolunteerLaborOtherGaming>
        <VolunteerLaborPrcntOtherGaming>1.00000</VolunteerLaborPrcntOtherGaming>
        <GrossRevenueTotalGaming>32632</GrossRevenueTotalGaming>
        <CashPrizesTotalGaming>2000</CashPrizesTotalGaming>
        <DirectExpenseSummaryGaming>2000</DirectExpenseSummaryGaming>
        <NetGamingIncomeSummary>30632</NetGamingIncomeSummary>
      </GamingInformation>
      <StatesWhereGamingConducted>VT</StatesWhereGamingConducted>
      <Licensed>false</Licensed>
      <ExplanationIfNo>IN VERMONT A NONPROFIT ORGANIZATION THAT ORGANIZES A RAFFLE OR GAMES OF CHANCE FOR THE PURPOSE OF RAISING FUNDS TO BE USED FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES DOES NOT NEED A LICENSE.</ExplanationIfNo>
      <LicenseSuspendedEtc>false</LicenseSuspendedEtc>
      <GamingWithNonmembers>false</GamingWithNonmembers>
      <MemberOfOtherEntity>false</MemberOfOtherEntity>
      <PercentageOfGamingOwnFacility>1.00000</PercentageOfGamingOwnFacility>
      <PercentageOfGamingOthrFacility>0.00000</PercentageOfGamingOthrFacility>
      <NameOfGamingRecKeeperPerson>SHIRLEY GOODELL-LACKEY CONTROLLER</NameOfGamingRecKeeperPerson>
      <AddressOfGamingRecKeeperUS>
        <AddressLine1>ST MICHAELS COLLEGE ONE WINOOSKI</AddressLine1>
        <City>COLCHESTER</City>
        <State>VT</State>
        <ZIPCode>05439</ZIPCode>
      </AddressOfGamingRecKeeperUS>
      <ContractWith3rdPartyForGamRev>false</ContractWith3rdPartyForGamRev>
      <GamingManagerNamePerson>GERALDINE KNORTZ ATHLETICS DIRECTO</GamingManagerNamePerson>
      <GamingManagerCompensation>0</GamingManagerCompensation>
      <GamingManagerServicesProvided>ORGANIZE AND COORDINATE THE ATHLETICS SUPER RAFFLE</GamingManagerServicesProvided>
      <GamingManagerIsEmployee>X</GamingManagerIsEmployee>
      <CharitableDistribRequired>false</CharitableDistribRequired>
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>STUDENT SCHOLARSHIPS</TypeOfGrant>
        <NumberOfRecipients>1937</NumberOfRecipients>
        <AmountOfCashGrant>19237635</AmountOfCashGrant>
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>UNDERGRADUATE ENDOWMENT FUNDED SCHOLARSHIPS</TypeOfGrant>
        <NumberOfRecipients>299</NumberOfRecipients>
        <AmountOfCashGrant>1850593</AmountOfCashGrant>
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>UNDERGRADUATE ATHLETIC GRANTS</TypeOfGrant>
        <NumberOfRecipients>20</NumberOfRecipients>
        <AmountOfCashGrant>840683</AmountOfCashGrant>
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>FED SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS</TypeOfGrant>
        <NumberOfRecipients>287</NumberOfRecipients>
        <AmountOfCashGrant>443417</AmountOfCashGrant>
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>GRADUATE STUDENT GRANTS</TypeOfGrant>
        <NumberOfRecipients>32</NumberOfRecipients>
        <AmountOfCashGrant>27412</AmountOfCashGrant>
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      <Form990ScheduleIPartIV>
        <Identifier>GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S.</Identifier>
        <ReturnReference>PART I, LINE 2</ReturnReference>
        <Explanation>THE COLLEGE RECOGNIZES THE HIGH COST OF A PRIVATE EDUCATION AND ATTEMPTS TO ADDRESS AS MUCH AS WE PRACTICALLY CAN TO CLOSE THE GAP BETWEEN THE COST OF ATTENDANCE AND FAMILY RESOURCES USING A VARIETY OF SOURCES, INCLUDING FEDERAL, STATE, AND INSTITUTIONAL (COLLEGE) FUNDING. THE THREE TYPES OF FINANCIAL ASSISTANCE WE EMPLOY INCLUDE GRANTS AND SCHOLARSHIPS, LOANS, AND STUDENT EMPLOYMENT. IN 2009-2010, THE COLLEGE ADMINISTERED OVER $43 MILLION IN ASSISTANCE, OF WHICH APPROXIMATELY $23 MILLION WAS PRIMARILY COLLEGE FUNDED SCHOLARSHIPS OR GRANTS. THE FIVE-YEAR AVERAGE (2006-2010) OF UNDERGRADUATE STUDENTS RECEIVING COLLEGE FUNDED AID WAS 85.6%. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED FOR ADMISSION. THE AVERAGE NEED BASED SCHOLARSHIP OR GRANT FOR THE FALL 2009 INCOMING CLASS WAS APPROXIMATELY $17,779. THE AMOUNT OF AID A STUDENT RECEIVES UPON INITIAL ENROLLMENT GENERALLY IS AWARDED FOR EACH YEAR HE/SHE ATTENDS SAINT MICHAEL'S COLLEGE.</Explanation>
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    </IRS990ScheduleI>
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      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>DR JOHN J NEUHAUSER</NamePerson>
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        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
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        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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      <Form990ScheduleJPartII>
        <NamePerson>NANCY ROWDEN BROCK</NamePerson>
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        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>4037</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>12518</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>180242</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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      <Form990ScheduleJPartII>
        <NamePerson>MICHAEL J NEW</NamePerson>
        <BaseCompensationFilingOrg>129600</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>13114</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>15344</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>158058</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KAREN A TALENTINO</NamePerson>
        <BaseCompensationFilingOrg>169986</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>8313</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>7641</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>185940</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JERRY E FLANAGAN</NamePerson>
        <BaseCompensationFilingOrg>124825</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>692</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>12578</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>48215</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>186310</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MICHAEL D SAMARA</NamePerson>
        <BaseCompensationFilingOrg>125026</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1268</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>12870</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>16019</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>155183</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>RONALD B MILLER</NamePerson>
        <BaseCompensationFilingOrg>123624</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>9691</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>17136</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>150451</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>WILLIAM O ANDERSON</NamePerson>
        <BaseCompensationFilingOrg>119657</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1515</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>12236</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>30360</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>163768</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JOHN P KENNEY</NamePerson>
        <BaseCompensationFilingOrg>110839</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>11121</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>48028</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>169988</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>COMPENSATION INFORMATION</Identifier>
        <ReturnReference>PART II</ReturnReference>
        <Explanation>FOR ELIGIBLE EMPLOYEES, COLUMN (D) NONTAXABLE BENEFITS PRIMARILY CONSISTS OF HEALTH CARE BENEFITS PAID BY THE COLLEGE. OTHER NONTAXABLE BENEFITS FOR INDIVIDUALS ARE LISTED BELOW: JOHN J. NEUHAUSER - COLUMN (B)(III) OTHER REPORTABLE COMPENSATION INCLUDES PERSONAL USE OF A COLLEGE VEHICLE AND PERSONAL CELL PHONE USE. COLUMN (C) DEFERRED COMPENSATION INCLUDES CONTRIBUTIONS TO THE COLLEGE'S IRC 457(B) PLAN NET OF EARNINGS. COLUMN (D) NONTAXABLE BENEFITS INCLUDES A HOUSING ALLOWANCE. MICHAEL J. NEW - COLUMN (D) NONTAXABLE BENEFITS INCLUDES TUITION REMISSION. JERRY E. FLANAGAN - COLUMN (B)(III) OTHER REPORTABLE COMPENSATION INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. COLUMN (D) NONTAXABLE BENEFITS INCLUDES TUITION REMISSION. MICHAEL D. SAMARA - COLUMN (B)(III) OTHER REPORTABLE INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. WILLIAM O. ANDERSON - COLUMN (B)(III) OTHER REPORTABLE INCLUDES TAXABLE TUITION REMISSION. COLUMN (D) NONTAXABLE BENEFITS INCLUDES TUITION REMISSION.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
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      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>VT EDUCATIONAL AND HEALTH BUILDING FINANCE AGENCY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>237154467</IssuerEIN>
        <DateIssued>2003-08-13</DateIssued>
        <IssuePrice>15026159</IssuePrice>
        <DescriptionOfPurpose>CONSTRUCTION &amp; EQUIPMENT</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
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        <AmountInReserveFund>1051953</AmountInReserveFund>
        <AmountDefeased>0</AmountDefeased>
        <AmountUnspent>0</AmountUnspent>
        <IssuanceCostsFromProceeds>213001</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>13761205</CapitalExpenditures>
        <YearOfSubstCompletion>2004</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
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        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>false</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
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        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
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    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
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        <NameOfInterestedPerson>NA</NameOfInterestedPerson>
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        <TypeOfAssistance>TUITION</TypeOfAssistance>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>PATRICIA CASEY</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>MAGUIRE ASSOCIATES</Relationship>
        <AmountOfTransaction>110300</AmountOfTransaction>
        <DescriptionOfTransaction>SEE SCHEDULE O</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt />
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications />
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>24</NumberOfContributions>
        <NoncashContribsRptdF990>164992</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <NumberOf8283Received>0</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>NON-CASH CONTRIBUTIONS</Identifier>
        <ReturnReference>LINE 9</ReturnReference>
        <Explanation>CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES INCLUDE EACH SEPARATE SECURITY THAT WAS CONTRIBUTED DURING THE YEAR TO THE COLLEGE.</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS</Identifier>
        <ReturnReference>PART I, LINE 32B</ReturnReference>
        <Explanation>THE COLLEGE USES A CUSTODIAN TO HOLD AND PROCESS ALL INVESTMENT TRANSACTIONS INCLUDING ASSET SAFEKEEPING AND COLLECTION OF DIVIDENDS AND INTEREST. ALL SECURITY CONTRIBUTIONS ARE DELIVERED TO THE CUSTODIAN WITH INSTRUCTIONS FOR IMMEDIATE SALE.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION STATEMENT</Identifier>
        <ReturnReference>FORM 990, PART I, LINE 1 AND PART III, LINE 1</ReturnReference>
        <Explanation>SAINT MICHAEL'S COLLEGE IS A CATHOLIC LIBERAL ARTS RESIDENTIAL COLLEGE COMMITTED TO THE PURSUIT OF ACADEMIC EXCELLENCE, WITH AN UNDERGRADUATE ENROLLMENT OF APPROXIMATELY 2,000 STUDENTS. WE CREATE AND SUSTAIN AN OPTIMAL LIVING AND LEARNING ENVIRONMENT THAT PROMOTES A VIBRANT INTELLECTUAL LIFE AND CHALLENGES STUDENTS TO ENGAGE IN ACTIVITIES TO EXTEND THEIR MINDS AND EXPERIENCES WITHIN AND BEYOND OUR VERMONT LOCATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PROGRAM SERVICE ACCOMPLISHMENTS</Identifier>
        <ReturnReference>FORM 990, PART III, LINES 4A, 4B, 4C, AND 4D</ReturnReference>
        <Explanation>ACADEMIC PROGRAM AND FINANCIAL SUPPORT (LINE 4A) THE ACADEMIC PROGRAM IS AT THE HEART OF THE COLLEGE'S MISSION AND THE REASON FOR SAINT MICHAEL'S COLLEGE EXISTENCE. THE COLLEGE PROVIDES EDUCATION WITH A SOCIAL CONSCIENCE, PRODUCING GRADUATES WITH INTELLECTUAL TOOLS TO LEAD SUCCESSFUL, PURPOSEFUL LIVES THAT WILL CONTRIBUTE TO PEACE AND JUSTICE IN OUR WORLD. SAINT MICHAEL'S COLLEGE STUDENTS PERSONALIZE THEIR EDUCATION THROUGH RESEARCH, INTERNSHIPS, AND SMALL CLASSES, PREPARING THEM FOR A LIFETIME, NOT JUST FOR THEIR FIRST JOB OUT OF COLLEGE. THE ACADEMIC PROGRAM IS RIGOROUS AND CALIBRATED TO THE APPROPRIATE DEVELOPMENTAL LEVELS OF STUDENTS (FIRST-YEAR STUDENTS THROUGH GRADUATE LEVEL). THE UNDERGRADUATE ACADEMIC PROGRAM OFFERS DEGREES IN 21 DIFFERENT MAJORS FOR THE BACHELOR OF ARTS DEGREE AND 10 MAJORS FOR THE BACHELOR OF SCIENCE DEGREE. STUDENTS MAY ALSO CHOOSE FROM 35 MINOR PROGRAMS. THE ACADEMIC PROGRAM FOR GRADUATE STUDENTS INCLUDES FIVE GRADUATE PROGRAMS LEADING TO MASTER'S DEGREES IN CLINICAL PSYCHOLOGY, EDUCATION, TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES, THEOLOGY AND PASTORAL MINISTRY, AND ADMINISTRATION AND MANAGEMENT (WHICH STOPPED ADMITTING NEW STUDENTS IN 2008). SAINT MICHAEL'S COLLEGE AWARDED 517 BACHELOR'S DEGREES AND 106 MASTER'S DEGREES DURING THE 2009-2010 ACADEMIC YEAR WITH 1,891 STUDENTS ENROLLED IN BACCALAUREATE DEGREE PROGRAMS AND 516 IN MASTER'S DEGREE PROGRAMS. THE CLASS OF 2010 HAD 473 GRADUATES IN MAY, OF WHICH 283 OR 60% ALSO EARNED MINORS AND 24% OF THOSE STUDENTS EARNED MORE THAN ONE MINOR. AFTER RECEIVING A BACHELORS DEGREE FROM SAINT MICHAEL'S, OVER 95% OF OUR STUDENTS ENTER THE WORK FORCE IN A VARIETY OF CAREERS OR CONTINUE THEIR EDUCATION IN A POST-GRADUATE PROGRAM. THE FOUR YEAR AVERAGE (2001 - 2004) STUDENT-RIGHT-TO-KNOW COMPLETION OR GRADUATION RATE IS 79%; THIS COMPARED FAVORABLY TO THE 69% REPORTED BY ACT NATIONAL GRADUATION RATES FOR PRIVATE 4-YEAR INSTITUTIONS OFFERING ONLY BACHELORS DEGREES IN THE SELECTIVE CATEGORY. THE COLLEGE'S GOAL IS TO HAVE 30% OF EACH GRADUATING CLASS STUDY ABROAD. OVER 20 THIRD PARTY PROGRAM PROVIDERS OFFERING STUDENTS OPPORTUNITIES TO STUDY IN OVER 70 COUNTRIES AND THE COLLEGE HAS MET THIS GOAL FOR THE LAST FIVE ACADEMIC YEARS. THE COLLEGE HAS MADE STRIDES IN EDUCATING STUDENTS BEYOND THE CLASSROOM IN PREPARATION FOR THEIR CAREERS AFTER GRADUATION. IN 2009-2010, 295 STUDENTS ENGAGED IN SUPERVISED ACADEMIC INTERNSHIPS, COMPARED WITH 250 IN THE PREVIOUS YEAR. IN THE SUMMER OF 2010, 27 STUDENTS WERE ENGAGED IN NON-CREDIT-BEARING INDIVIDUAL RESEARCH WITH PROFESSORS, COMPARED WITH 15 STUDENTS IN 2006. AN HONORS PROGRAM BEGAN IN THE LATE 1980S AND HAS GROWN IN STATURE AND PROMINENCE SINCE THAT TIME. IN 2010, OF THE 77 SENIORS WHO WERE ADMITTED TO THE COLLEGE AS HONORS STUDENTS, 35 OR 45.5%, GRADUATED IN THE HONORS PROGRAM, AN INCREASE OF 14.8% SINCE 2001. IN SPRING 2010, 297 STUDENTS FROM ALL FOUR CLASSES, ROUGHLY 15% OF THE STUDENT BODY, WERE IN THE HONORS PROGRAM. IN 2003 SAINT MICHAEL'S COLLEGE JOINED THE ELITE GROUP OF 270 COLLEGES NATIONWIDE WITH PHI BETA KAPPA CHAPTERS, MAKING SAINT MICHAEL'S COLLEGE ONE OF ONLY 20 CATHOLIC COLLEGES IN THE U.S. WITH SUCH A CHAPTER. IN 2008-2009, THE COLLEGE CHAPTER WAS CITED BY THE NATIONAL ORGANIZATION AS ONE OF THE MOST ACTIVE IN THE COUNTRY. THE COLLEGE IS IDENTIFIED BY THE PRINCETON REVIEW AS ONE OF THE NATIONS' BEST 371 COLLEGES, IS INCLUDED IN THE PRESTIGIOUS FISKE GUIDE TO COLLEGES AND IS RATED AS A TOP 100 LIBERAL ARTS COLLEGE BY THE U.S. NEWS AND WORLD REPORT. THE ACADEMIC PROGRAM IS SUPPORTED BY MANY PROFESSIONAL AND ADMINISTRATIVE STAFF INCLUDING INFORMATION TECHNOLOGY (IT), ACADEMIC ENRICHMENT PROGRAMS, LIBRARY AND INFORMATION SERVICES (LIS), REGISTRAR'S OFFICE, THE VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE DEAN. THE IT DEPARTMENT IS COMMITTED TO CREATING A ROBUST TECHNOLOGY ENVIRONMENT FOR THE COLLEGE'S STUDENTS, FACULTY, AND STAFF. THEY SUPPORT ADMINISTRATIVE APPLICATIONS, INSTRUCTIONAL TECHNOLOGY SERVICES, SYSTEMS AND NETWORKING, TELECOMMUNICATIONS, AND USER SERVICES, ALL OF WHICH SUPPORT THE MISSION AND GOALS OF THE COLLEGE BY PROVIDING ITS CONSTITUENTS WITH A RELIABLE, SECURE, AND FAST CAMPUS NETWORK; SUPPORT FOR THE APPROPRIATE INTEGRATION OF TECHNOLOGY INTO TEACHING AND RESEARCH; AND TECHNOLOGY SUPPORT FOR ADMINISTRATIVE OPERATIONS. SAINT MICHAEL'S COLLEGE IS COMMITTED TO STUDENTS' ACADEMIC SUCCESS THEREFORE, IN ADDITION TO ACADEMIC ENRICHMENT PROGRAMS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE, A VARIETY OF SERVICES ARE OFFERED TO ENSURE THAT OUR STUDENTS GET THE MOST OUT OF THEIR EDUCATION INCLUDING INDEPENDENT STUDIES, PEACE AND JUSTICE CENTER, WOMEN'S CENTER, SERVICE LEARNING, STUDENT/FACULTY RESEARCH AND INTERNSHIPS TO NAME A FEW. THESE SERVICES AND ACTIVITIES ARE DESIGNED TO ASSIST OUR STUDENTS IN ENHANCING THEIR LEARNING OPPORTUNITIES IN ORDER TO ACHIEVE THEIR FULLEST INTELLECTUAL DEVELOPMENT. ACADEMIC ENRICHMENT ALSO SUPPORTS FACULTY IN OFFERING EXTRA-CURRICULAR ACTIVITIES THAT ENHANCE THEIR CLASSROOM TEACHING AND IN DESIGNING INNOVATIVE COMPONENTS TO THEIR COURSES THAT FOSTER EXPERIENTIAL LEARNING. LIS PROVIDES STUDENTS, FACULTY, AND STAFF WITH THE INFORMATION RESOURCES AND SERVICES THEY NEED FOR STUDY, TEACHING, AND RESEARCH. THE LIBRARY STRIVES TO DETERMINE COMMUNITY NEEDS AND RESPOND TO THEM BY SHAPING ITS RESOURCES AND SERVICES TO PROVIDE THE BEST POSSIBLE SUPPORT FOR THE ACADEMIC PROGRAM. IN ORDER TO SUPPORT OUR STUDENTS ATTENDING SAINT MICHAEL'S COLLEGE, A VARIETY OF GRANTS AND ASSISTANCE ARE AWARDED. REFER TO SCHEDULE I, PART IV FOR ADDITIONAL INFORMATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>AUXILIARY ENTERPRISES (LINE 4B)</Identifier>
        <ReturnReference>IN 2003, THE BOARD OF TRUSTEES AFFIRMED IN THE COLLEGE'S MISSION STATEMENT</ReturnReference>
        <Explanation>THAT BEING A MEMBER OF THE RESIDENTIAL COMMUNITY IS CENTRAL TO OUR STUDENTS' EXPERIENCE AT SAINT MICHAEL'S COLLEGE, BY ENDORSING A 100% RESIDENCY REQUIREMENT. IN ADDITION TO EXPENSES ASSOCIATED WITH ON-CAMPUS DINING SERVICES, AUXILIARY SERVICES EXPENSES INCLUDE RESIDENCE HALL BOND INTEREST, DEPRECIATION EXPENSE AND COSTS RELATED TO THE BOOKSTORE, PRINTING AND MAILING SERVICES, SPECIAL EVENTS, SUMMER PLAYHOUSE AND OTHER AUXILIARY PROGRAMS THAT SUPPORT OUR STUDENTS' LIVING AND LEARNING EXPERIENCE AT THE COLLEGE. AS PART OF THE RESIDENTIAL EXPERIENCE, THERE ARE UNIQUE HOUSING OPTIONS AVAILABLE ON CAMPUS BASED ON COMMON INTERESTS THAT STUDENTS SHARE SUCH AS GREAT (GROWING RECOGNITION OF THE EFFECTS OF ALCOHOL ON THINKING - 250 STUDENTS), HONORS HOUSING (51 UNITS) AND AMBASSADOR HOUSING (40 UNITS) WHICH PROVIDES AN OPPORTUNITY FOR U.S. STUDENTS TO LIVE WITH INTERNATIONAL STUDENTS. DINING ON CAMPUS PROVIDES THE SOCIAL EXPERIENCE ESSENTIAL TO A WELL-ROUNDED CAMPUS LIFE. STUDENT SERVICES (LINE 4C) STUDENTS ARE AT THE CENTER OF THE COLLEGE'S MISSION. WHILE THE ACADEMIC ELEMENTS ARE FOREMOST, SUPPORTING THE STUDENTS' PERSONAL DEVELOPMENT IS VITAL AS WELL. THE OFFICES OF ADMISSIONS, STUDENT LIFE, EDMUNDITE CAMPUS MINISTRY, WILDERNESS PROGRAM, ATHLETICS AND MANY STUDENT CLUBS WORK TO ENHANCE STUDENTS' PERSONAL GROWTH AS WELL AS THEIR ACADEMIC SUCCESS. TO SUPPLEMENT THE ACADEMIC CULTURE ON CAMPUS AND ENRICH THE OVERALL QUALITY OF THE COLLEGE EXPERIENCE, A VARIETY OF WEEKEND PROGRAMS IS OFFERED TO STUDENTS, ALONG WITH MANY OUTDOOR PROGRAMS SUCH AS THE SKI PASS, CULTURAL AND ARTISTIC EVENTS THROUGH THE FLYNN CENTER-SAINT MICHAEL'S COLLEGE CULTURAL PASS, A VARIETY OF MINISTRY PROGRAMS, AND COMMUNITY SERVICE OPPORTUNITIES THROUGH MOVE (MOBILIZATION OF VOLUNTEER EFFORTS). APPROXIMATELY 80% OF STUDENTS ARE INVOLVED IN SOME FORM OF INTERCOLLEGIATE, INTRAMURAL, CLUB, RECREATION, PERSONAL FITNESS, OR WILDERNESS PROGRAM OFFERING. APPROXIMATELY 21% OF SAINT MICHAEL'S STUDENTS PARTICIPATE IN ONE OF 21 VARSITY SPORTS. OUR VARSITY SCHOLARSHIP ATHLETES HAVE ACHIEVED A 99% ACADEMIC SUCCESS RATE; A STATISTIC DEFINED BY THE NCAA AS A MEASUREMENT OF GRADUATION WITHIN A 6 YEAR COHORT TIME PERIOD AS OF JUNE 2010. THE OFFICE OF STUDENT ACTIVITIES STRIVES TO PROVIDE STUDENTS OPPORTUNITIES TO DEVELOP AS ETHICAL LEADERS AND ENGAGED CITIZENS, AND OFFERS A WIDE VARIETY OF PROGRAMS AND ACTIVITIES DESIGNED TO MEET THEIR NEEDS. OUR GOT SKILLS PROGRAM (SOCIALLY JUST, KINDNESS TOWARD OTHERS, INCLUSIVE TOWARD ALL PEOPLE, LEADING AT EVERY TURN, LISTENING WITH CARE AND, SELF-RESPECTFUL) FOCUSES ON PROMOTING HUMAN DIGNITY AND DIVERSITY. EDUCATIONAL PROGRAMS OFFERED IN THE RESIDENCE HALLS HELP TO BRING PEOPLE TOGETHER WHO MIGHT NOT HAVE OTHERWISE MET, HELP PEOPLE TO BETTER KNOW EACH OTHER, AND EXPOSE INDIVIDUALS TO NEW IDEAS AND BELIEFS. FLOOR VISITORS' DIALOGUE PROGRAMS PROVIDE AN ENVIRONMENT CONDUCIVE FOR FACULTY, STAFF, AND STUDENT DIALOGUE ABOUT ACADEMIC AND COMMUNITY PURSUITS. THESE ARE A SAMPLE OF THE PROGRAMMING OFFERED TO STUDENTS IN THE RESIDENCE HALLS. THE OFFICE OF STUDENT ACTIVITIES ASSISTS THE STUDENT GOVERNMENT ON CAMPUS AS WELL AS STUDENT CLUBS. APPROXIMATELY 95% OF THE STUDENT POPULATION PARTICIPATES IN STUDENT ACTIVITIES PROGRAMS. THE COLLEGE EMBRACES AND SUPPORTS STUDENTS' COMMITMENT TO COMMUNITY SERVICE REFLECTED BY THE FACT THAT 70% OF OUR STUDENTS PARTICIPATE IN A SERVICE ACTIVITY THROUGH OUR MOVE PROGRAM - PART OF EDMUNDITE CAMPUS MINISTRY. THE FUNDAMENTAL OBJECTIVE OF EDMUNDITE CAMPUS MINISTRY IS TO HELP STUDENTS, FACULTY, AND STAFF REFLECT ON AND CELEBRATE THE SPIRITUAL AND RELIGIOUS DIMENSIONS OF THEIR LIVES WHILE AT SAINT MICHAEL'S COLLEGE. PROGRAMS SUCH AS RETREATS, LITURGIES, SPIRITUAL DIRECTION, AND PRAYERFUL REFLECTION MEALS ARE DESIGNED TO ENCOURAGE EVERYONE TO STEP BACK AND EXPERIENCE LIFE AT ITS DEEPEST, MOST MEANINGFUL LEVEL. ABOUT 20% OF OUR STUDENT POPULATION IS INVOLVED IN WEEKLY OR DAILY WORSHIP AS WELL AS ATTENDANCE IN THESE PROGRAMS. OTHER PROGRAM SERVICES (LINE 4D) OTHER PROGRAM SERVICE EXPENSES INCLUDE PUBLIC SERVICE AND RESEARCH.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>QUID PRO QUO CONTRIBUTIONS</Identifier>
        <ReturnReference>FORM 990, PART V, LINE 7B</ReturnReference>
        <Explanation>THE GOLF CLASSIC IS A FUNDRAISING EVENT THAT PROVIDES SCHOLARSHIP ASSISTANCE. THE ACKNOWLEDGEMENT RECEIVED BY THE DONOR DOES NOT CURRENTLY INCLUDE THE AMOUNT PAID OR THE VALUE OF GOODS AND SERVICES RECEIVED IN RETURN. THE ACKNOWLEDGEMENT WILL BE REVISED TO INCLUDE THE REQUIRED DISCLOSURE FOR THE UPCOMING EVENT IN JUNE 2011.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990 REVIEW PROCESS</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>FORM 990 SCHEDULES ARE PREPARED BY COLLEGE PERSONNEL WITH GUIDANCE AND REVIEW FROM EXTERNAL TAX PREPARERS WHO SIGN AND FILE THE FORM. IN EARLY MAY, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE EACH MEMBER OF THE BOARD OF TRUSTEES WAS PROVIDED WITH FORM 990 AND ALL SCHEDULES, EXCEPT SCHEDULE B, CONTRIBUTION DETAIL, IN ORDER TO RESPECT OUR DONORS CONFIDENTIALITY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CONFLICT OF INTEREST POLICY</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE SECRETARY OF THE COLLEGE DISTRIBUTES THE CONFLICT OF INTEREST POLICY, QUESTIONNAIRE AND CERTIFICATION ANNUALLY TO TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE SECRETARY REVIEWS THE RESPONSES AND POTENTIAL CONFLICTS ARE BROUGHT TO THE TRUSTEESHIP AND MISSION COMMITTEE FOR REVIEW AND RESOLUTION. A LIST OF INTERLOCKING BOARDS IS MAINTAINED TO ASSIST IN DETERMINING IF POTENTIAL CONFLICTS ARISE DURING THE YEAR. THE TRUSTEESHIP AND MISSION COMMITTEE SUBMITS NAMES FOR BOARD RECRUITMENT AND VETS ANY CONFLICT ISSUES. THIS COMMITTEE PROVIDES INFORMATION TO THE EXECUTIVE COMMITTEE FOR CONSIDERATION AND NOMINATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DOCUMENT RETENTION AND DESTRUCTION POLICY</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 14</ReturnReference>
        <Explanation>THE COLLEGE HAS A HIGH-LEVEL DOCUMENT RETENTION AND DESTRUCTION POLICY AND FOLLOWS SPECIFIC GUIDELINES PROVIDED BY THE INTERNAL REVENUE SERVICE AND RELEVANT REGULATIONS WITH RESPECT TO RECORDS RETENTION AND DESTRUCTION - INCLUDING THE PROVISIONS OF VERMONT LAW (9 VSA PART 3 CHAPTER 62 SUBCHAPTER 4 DOCUMENT SAFE DESTRUCTION ACT) WITH RESPECT TO DISPOSAL OF DOCUMENTS CONTAINING CONFIDENTIAL INFORMATION. ANOTHER RESOURCE UTILIZED BY THE COLLEGE IS "RECORD RETENTION AND DISPOSAL: A MANUAL FOR COLLEGE DECISION MAKERS", WHICH PROVIDES THE COLLEGE WITH A GUIDE TO THE APPLICABLE LAWS, REGULATIONS AND OTHER CONSIDERATIONS FOR ALL AREAS OF OUR BUSINESS, INCLUDING EMPLOYMENT AND ADMISSIONS APPLICATIONS, PAYROLL, STUDENT RECORDS, FINANCIAL, TAX AND CONTRIBUTIONS RECORDS AS WELL AS FEDERAL REPORTING SPECIFIC TO THE HIGHER EDUCATION INDUSTRY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION POLICY</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, EXCLUDING THE COLLEGE PRESIDENT, IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE EXECUTIVE OFFICERS OF THE COLLEGE. THE EXECUTIVE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES. THE EXECUTIVE COMMITTEE HAS THE RESPONSIBILITY FOR DECISIONS REGARDING COMPENSATION IN ALL ITS CURRENT AND POTENTIAL FORMS FOR THE EXECUTIVE OFFICERS OF THE COLLEGE. THE VICE PRESIDENT OF HUMAN RESOURCES PROVIDES INDEPENDENT COMPENSATION DATA, E.G. NACUBO, CUPA, ETC, AND ANALYSIS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MET IN DECEMBER 2009 TO REVIEW THE SURVEY DATA REGARDING COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS OF THE COLLEGE. NO ACTION WAS TAKEN AT THAT TIME IN REGARDS TO COMPENSATION CHANGES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PUBLIC DISCLOSURE POLICY</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE COLLEGE IS A PRIVATE ORGANIZATION AND THEREFORE BY LAW, IS NOT REQUIRED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. IN THE INTEREST OF TRANSPARENCY, THE COLLEGE COMPLIES WITH REQUESTS FOR THIS INFORMATION FROM FEDERAL OR STATE REGULATORY AGENCIES, OUR ACCREDITATION AGENCY, AND OTHER ENTITIES OR INDIVIDUALS IN THE ORDINARY COURSE OF BUSINESS. THE COLLEGE POSTS THE MOST RECENT THREE YEARS OF FORM 990 AND 990-T ON OUR WEBSITE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS</Identifier>
        <ReturnReference>SCHEDULE L, PART IV</ReturnReference>
        <Explanation>TRUSTEE PATRICIA CASEY IS A SENIOR VICE PRESIDENT AT MAGUIRE ASSOCIATES, THE COLLEGE HAS A CONTRACT WITH THIS FIRM TO ASSIST IN FINANCIAL AID MODELING AND AWARDING TO ACHIEVE CERTAIN ADMISSIONS GOALS. MS. CASEY DOES NOT WORK DIRECTLY ON THE COLLEGE ACCOUNT. THIS YEAR, THE COLLEGE PAID $110,300 TO MAGUIRE ASSOCIATES FOR SERVICES. THIS IS AN ARM'S LENGTH TRANSACTION. MS. CASEY, IF PERMITTED TO BY THE BOARD OF TRUSTEES, MAY MAKE AN APPEARANCE AT A BOARD OR BOARD COMMITTEE MEETING TO PRESENT FACTS REGARDING A MATTER RELATIVE TO THE COLLEGE'S RELATIONSHIP WITH MAGUIRE ASSOCIATES, BUT MAY NOT PARTICIPATE IN THE DELIBERATIONS OR DECISION-MAKING WITH RESPECT TO THE MATTER.</Explanation>
      </GeneralExplanation>
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          <AddressLine1>ONE WINOOSKI PARK</AddressLine1>
          <City>COLCHESTER</City>
          <State>VT</State>
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          <City>COLCHESTER</City>
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          <City>BRAINTREE</City>
          <State>MA</State>
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          <BusinessNameLine1>D &amp; P A CRUT</BusinessNameLine1>
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          <AddressLine1>C/O BNY MELLON 201 WASHINGTON ST</AddressLine1>
          <City>BOSTON</City>
          <State>MA</State>
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      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
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