2011-05-12T10:34:10-07:00 2010-06-30 990 2009-07-01 042103578 The Trustees of Mount Holyoke College TRUS 4135382641 50 College Street South Hadley MA 01075 Ellen Rutan 4135382713 2011-05-12 2009 2016-02-24 21:20:13Z Mount Holyoke College Lynn Pasquerella 50 College Street South Hadley MA 01075 232053895 0 X www.mtholyoke.edu X 1836 MA Mount Holyoke College is a liberal arts college committed to educating a diverse residential community of women at the highest level of academic excellence and to fostering the alliance of liberal arts education with purposeful engagement in the world. 30 29 3211 1945 -139816 -883870 18722227 22564052 93282861 99935890 11680287 16123462 12938737 17717112 136624112 156340516 39362911 46217342 0 0 77374235 72918990 0 0 7078329 51476346 53424422 168213492 172560754 -31589380 -16220238 753801181 785096213 147346880 148655718 606454301 636440495 Mount Holyoke College is a highly selective, nondenominational, residential, research liberal arts college for women. The College's long, distinguished history of educating leaders arises from a powerful combination of academic excellence in a global learning environment. As the first of the Seven Sisters-the female equivalent of the once predominantly male Ivy League-Mount Holyoke has led the way in women's education, preparing students for purposeful engagement in the world. 0 0 113553539 46217342 91756895 *Instruction, Research, Academic Support and Library Services * Mount Holyoke College is home to approximately 2,200 undergraduate students who benefit from small group instruction in a diverse college community with a student-to-faculty ratio of 9 to 1. Mount Holyoke's 200 accomplished faculty members are innovative teachers dedicated to their students. They are also active scholars, research scientists, and creative artists passionate about their disciplines. The College offers 49 departmental and interdepartmental majors. Through the liberal arts education, students explore art, literature, languages, philosophy, politics, history, mathematics and science rather than choosing one specialized track of study. The liberal arts also transcend the classroom. Students gain a complex understanding of the world in which they live through internships, study abroad, community-based learning, volunteer work and independent research. An integral part of the college community, Library and Information Technology Services facilitates the creative use of information and technology. It supports the educational priorities of the College by providing instruction, materials, staff expertise and equipment to sustain learning, teaching, research and the College's administrative functions. 24843447 0 11972402 *Student Services and Residential Life* Engagement, peer mentorship and self governance are the foundations of Mount Holyoke's residential program. To this end, most residence halls house members of all four classes. Approximately one-fourth of the rooms in each residence hall are for entering students. The result is an interesting blend of experience within each residence hall. The College offers housing in many configurations to meet the developing needs of students. Each residence hall is unique in design and character. Along with being committed to academic success, Mount Holyoke cares about the student's overall well being. The College offers a range of health, counseling and public safety services to support the needs of its students. The Office of Student Programs supports 150 student organizations and presents a wide array of cultural, entertainment and social events, in addition to advising on event planning, new ideas, leadership skills and general student organization dynamics. 8577296 0 12933046 *Dining Services* At Mount Holyoke College, dining is an integral part of a student's educational experience. Students meet at mealtimes in friendly conversation, often with faculty as their invited guests. This hospitality and exchange is an important tradition on campus. Dining Services is responsible for administering a comprehensive board program in six residential dining locations, the campus café, and seven continental breakfast locations, and is responsible for all campus center cash operations, vending, a bakery, and a warehouse. The qualified and experienced culinary production and service staff are committed to providing high quality and nutritious food in all dining operations. 0 0 0 146974282 1 1 0 1 0 0 1 0 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 1 1 0 0 1 683 0 1 3211 1 1 1 1 BD CH CJ EI FR LU UK VI 0 0 0 0 0 0 0 30 29 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA GA MA X X Ellen Rutan - Comptroller 4135382713 50 College St South Hadley MA 010751444 Leslie A Miller 5 X 0 0 0 Mindy McWilliams Lewis 3 X 0 0 0 Jeanne E Amster 2 X 0 0 0 Janet Falik Aserkoff 1 X 0 0 0 Susan Bateson 2 X 0 0 0 Barbara M Baumann 2 X 0 0 0 Sava A Berhane 1 X 0 0 0 Barbara Moakler Byrne 1 X 0 0 0 Eleanor C Chang 1 X 0 0 0 Ellen M Cosgrove 1 X 0 0 0 Mary Beth Topor Daniel 2 X 0 0 0 Mary Graham Davis 1 X 0 0 0 Lila Gierasch 1 X 0 0 0 Ludmila Schwarzenberg Hess 1 X 0 0 0 Katherine L Kraschel 1 X 0 0 0 Anthony Lake 1 X 0 0 0 Guy R Martin 2 X 0 0 0 Audrey A McNiff 2 X 0 0 0 Susan d'Olive Mozena 1 X 0 0 0 Richard E Neal 1 X 0 0 0 Ellen Hyde Pace 1 X 0 0 0 Elizabeth A Palmer 1 X 0 0 0 Kavita N Ramdas 1 X 0 0 0 Cynthia L Reed 1 X 0 0 0 H Jay Sarles 2 X 0 0 0 James Streibich 1 X 0 0 0 Nancy J Vickers 1 X 0 0 0 David Wilson 1 X 0 0 0 Margaret L Wolff 1 X 0 0 0 Joanne Creighton 40 X X 408328 0 74561 Donal O'Shea 40 X 223892 0 51209 Charles Haight 40 X 221141 0 25452 Jane Brown 40 X 206199 0 34651 Mary Jo Maydew 32 X 169547 0 28026 Penny Gill 40 X 184803 0 25873 Jesse Lytle 40 X 83849 0 31825 George Cobb 40 X 270722 0 54121 Joseph Ellis 40 X 180123 0 40743 Howard Nicholson 40 X 172844 0 40213 Charlotte Patriquin 40 X 155849 0 23820 Anthony Lee 40 X 152362 0 27680 Lee Bowie 40 X 124982 0 36759 2554641 0 494933 91 1 1 0 Cambridge Associates LLC 100 Summer Street Boston MA 021102112 Invest Mgt & Consulting 962243 LS Power Equity Partners PIE I 1700 Broadway 35th Fl NY NY 10019 Invest Mgt & Consulting 271227 The Silchester International Investors 780 Third Ave 42nd Fl NY NY 10017 Invest Mgt & Consulting 246681 Hill - Engineers Architects Planners Inc 50 Depot Street Dalton MA 01226 Architectural Design 238044 Convexity Capital Offshore LP c/o Intl Fund Svcs Ireland Ltd 78 Sir John Rogersons Quay Dublin Ireland EI Invest Mgt & Consulting 202008 21 0 0 16810 0 2291176 20256066 2162932 22564052 Tuition and Fees 611310 87963488 87963488 0 0 Room and Other Board 611310 11972402 11972402 0 0 0 0 0 0 99935890 13926771 0 -1079141 15005912 0 0 0 0 15139 0 0 15139 469165 0 432970 0 36195 0 36195 0 0 36195 74119477 635488 72152726 405548 1966751 229940 2196691 0 0 2196691 7467 16810 6218 1249 1249 0 0 13111089 2715917 10395172 10126851 268321 0 Educational Conferences 721000 903143 232139 671004 0 Fees, Service and Other Income 611310 6366214 6366214 0 0 0 0 0 0 7269357 156340516 116662343 -139816 17253937 102500 102500 45233128 45233128 881714 881714 0 0 2170268 742232 1171393 256643 0 0 0 0 53642340 48209378 2931722 2501240 5466840 4897653 307350 261837 7684057 6905662 420318 358077 3955485 3554794 216365 184326 507843 291020 191792 25031 277792 39082 236050 2660 190500 32500 158000 0 5000 0 5000 0 0 0 8252086 0 8252086 0 3862515 2934841 798458 129216 88621 42978 39589 6054 5091912 4345331 420262 326319 1412837 1387026 19961 5850 4765 4765 0 0 4409328 4097671 104560 207097 1402699 1034038 134626 234035 0 0 0 0 291452 247255 32901 11296 5529598 4331314 1082657 115627 422937 248650 136090 38197 10587949 10168267 186316 233366 2366511 1991281 356625 18605 Allocated Expenses 0 71550 -71550 0 Alumnae Association Support 2039316 0 0 2039316 Payments to Life Income Beneficiaries 733117 0 733117 0 Equipment Maintenance & Repair 1791613 1687251 43675 60687 Public Safety Collaborative Expenses 2108011 2108011 0 0 2048020 1384390 600780 62850 172560754 146974282 18508143 7078329 0 0 5654552 6314241 29297395 27026380 2550463 2437484 378021 483314 0 0 33180 116230 773205 751746 2196890 1781462 337133382 155023020 183769740 182110362 110161835 110174360 396585215 429586482 17195150 17917136 5205535 6397016 753801181 785096213 10371372 9465749 0 2162037 1691993 88020411 86085325 3500000 3700000 43293060 47712651 147346880 148655718 X 120343742 73437254 256244332 339610744 229866227 223392497 606454301 636440495 753801181 785096213 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5000 5000 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College pays membership dues to organizations that address state and federal regulatory issues for the collective benefit of member institutions. The organizations notify the College of the amount of membership dues used for lobbying expense. 77700 9678175 0 0 X X X X 0 503167897 6071042 60421588 7082487 19394159 9600451 533583430 662904332 3515032 -127229846 6613057 20145463 9263101 503167897 0.1474 0.8521 0.0005 1 0 0 22082618 22082618 0 151392705 46051334 105341371 0 69253425 32285935 36967490 0 49590260 43826458 5763802 0 44814374 32859293 11955081 182110362 Equity Mutual/Comingled Funds 143586848 F Hedge Funds 120581047 F Inflation Hedging 56629689 F Debt Related 24857343 F Venture Capital 78645540 F Other 5286015 F 429586482 Grants Receivable 17917136 C 17917136 Other Assets 6397016 6397016 0 Interest Rate Swap Liability 12894489 FAS 158 Pension Liability 2980540 Fin 47 Conditional Asset Retirement Obligation 8582429 Pension 457(b) Liability 367608 Refundable Government Advances 4625691 Split Interest Obligation 18261894 47712651 156340516 172560754 -16220238 50493124 0 0 0 -4276308 46216816 29996578 198977568 50493123 0 0 -10048826 40444297 158533271 0 -2192755 -2192755 156340516 165695594 0 0 0 4866797 4866797 160828797 11731957 0 11731957 172560754 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The College maintains more than 15,000 works of art from antiquity to the present that comprise the permanent collection of the Mount Holyoke College Art Museum. This culturally and chronologically diverse collection is an important teaching and learning resource for faculty and students in all disciplines, and serves as a major cultural resource for area schools and the general public. Dedicated to providing firsthand experiences with works of significant aesthetic and cultural value, the Museum staff develop exhibitions that aim to provide aesthetic enjoyment, stimulate inquisitive looking and encourage the understanding of the artistic achievements represented by a diversity of cultures and time periods. The Museum selects works of art to install in the Art Museum's ten galleries and reception hall on a rotating basis and produces four to six special exhibitions each year in addition to its display from the permanent collection. Each exhibition is carefully chosen to support the curriculum of the College and to appeal to the greater community. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Mount Holyoke's endowment consists of approximately 1,500 funds established for a variety of purposes, including both donor restricted endowment funds and funds designated by the College to function as endowments. Less than 25% of the endowment support of the College's operation is unrestricted. Most of the endowed funds contain specific restrictions for the support of critical functions such as financial aid for students with demonstrated need, faculty salaries, library purchases, student and faculty research, internships and departmental programming. The endowment provides approximately 20% of the College's annual operating budget revenues. SchD_P10_S00_L00 Schedule D, Part X Not applicable. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Other includes Willits subsidy of -233,848, Willits internal sales of 23,148, change in value of interest rate swaps of -3,285,397, other endowment changes of 3,314,579, and change in split interest obligations of -4,094,790. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Other includes Willits Hallowell revenue of 1,500,992, change in split interest obligation of -4,094,790, investment expenses of -10,048,826 and other endowment changes of 3,314,579. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other includes cost of goods sold of -2,715,917, fundraising expenses of -6,218, faculty housing of -432,970 and interest payment on swap 962,350. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Other changes include cost of goods sold of 2,715,917, Willits expense of 1,734,840, Willits internal sales of -23,148, faculty housing expense of 432,970, and fundraising expense of 6,218. 1 1 1 The College follows a nondisciminatory policy toward faculty, students and staff, and with regard to students, includes this policy in most brochures and catalogues dealing with student admissions, programs and scholarships. Mount Holyoke's 2,200 students hail from 48 states and nearly 70 countries and the College demonstrates its commitment to diversity by enrolling students of racial minority groups in meaningful numbers. The racially diverse student body consists of approximately 20% who are international citizens. Out of domestic students, 28% identify as African American, Asian American, Latina, Native American or multiracial. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The College receives federal grants for faculty research and student scholarships. 1 1 Central America and the Caribbean 0 0 Program Services Grant aid to qualifying students studying abroad. 17537 Central America and the Caribbean 0 0 Program Services Faculty scholarly work. 1136 Central America and the Caribbean 0 0 Program Services Cultural immersion program in Costa Rica. 53868 Central America and the Caribbean 0 0 Investments East Asia and the Pacific 1 1 Program Services The College has an agent who coordinates a summer study abroad program in Beijing, China. The College also offers cultural immersion programs and grant aid to qualifying students studying abroad. 202302 East Asia and the Pacific 0 0 Program Services Faculty scholarly work. 8911 East Asia and the Pacific 0 0 Program Services Student recruiting and outreach. 2839 East Asia and the Pacific 0 0 Fundraising Meeting with alumnae. 2796 Europe (including Iceland and Greenland) 0 0 Program Services The College made tuition payments directly to two colleges in England for students who attended these colleges for their junior year abroad. The College also offers cultural immersion programs and grant aid to qualifying students studying abroad. 743224 Europe (including Iceland and Greenland) 1 1 Program Services The College has an agent in Montpellier, France who is responsible for all study abroad administration and coordination in France. 386030 Europe (including Iceland and Greenland) 0 0 Program Services Faculty scholarly work. 56679 Europe (including Iceland and Greenland) 0 0 Fundraising Meeting with alumnae. 2207 Europe (including Iceland and Greenland) 0 0 Program Services Student recruiting. 2133 Middle East and North Africa 0 0 Program Services Grant aid to qualifying students studying abroad. 9586 Middle East and North Africa 0 0 Program Services Student recruiting and outreach. 4699 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Faculty scholarly work and meetings. 13986 South America 0 0 Program Services Grant aid to qualifying students studying abroad. 55744 South America 0 0 Program Services Faculty scholarly work. 1894 Sub-Saharan Africa 0 0 Program Services Grant aid to qualifying students studying abroad and cultural immersion programs. 44525 Sub-Saharan Africa 0 0 Program Services Faculty scholarly work. 1311 2 2 1611407 The College awards financial aid to qualifying students who participate in the Junior Year Abroad Program and attend a college or university outside the United States. Central America and the Caribbean 4 17490 A check is mailed to each individual's bank account. The College awards financial aid to qualifying students who participate in the Junior Year Abroad Program and attend a college or university outside the United States. Europe (including Iceland and Greenland) 79 649545 A check is mailed to each individual's bank account. The College awards financial aid to qualifying students who participate in the Junior Year Abroad Program and attend a college or university outside the United States. East Asia and the Pacific 14 138424 A check is mailed to each individual's bank account. The College awards financial aid to qualifying students who participate in the Junior Year Abroad Program and attend a college or university outside the United States. Middle East and North Africa 2 9586 A check is mailed to each individual's bank account. The College awards financial aid to qualifying students who participate in the Junior Year Abroad Program and attend a college or university outside the United States. South America 7 55744 A check is mailed to each individual's bank account. The College awards financial aid to qualifying students who participate in the Junior Year Abroad Program and attend a college or university outside the United States. Sub-Saharan Africa 2 10925 A check is mailed to the individual's bank account. SchF_P01_S00_L02 Schedule F, Part I, Line 2 All financial aid grants and scholarships to students are recorded in the financial aid management software, PowerFAIDS, by amount per semester. Financial services staff determine student eligibility based on a consistently applied need analysis formula which calculates the expected family contribution. (EFC). The EFC is subtracted from the total cost of attendance to equal the financial aid eligibility. The financial aid grant amount is determined based on consistently applied packaging formulas to meet the full calculated need of each student. Financial aid grant funds are monitored through the financial aid management software, PowerFAIDS, through fund tracking in the administration module. When requested by an institution for a student studying abroad, the College will complete a Financial Aid Information Sheet which includes detailed information about the types and amounts of financial aid being provided to the student, along with the total anticipated disbursement amount and the anticipated disbursement date to the student. Students use the financial aid funds they receive to pay the bill due to the foreign institution directly. In very rare instances, the College is contacted by the institution regarding an unpaid bill. The College will then contact the student to remind her that she is responsible for paying the institution using the funds sent to her (vs. MHC sending the funds directly to the institution). This usually occurs due to a misunderstanding and the situation is resolved promptly. Grant policy and procedures are reviewed annually by management. Staff who will be awarding financial aid grant funds are trained to adhere to these policies and procedures. Friends of Athletics 24277 16810 7467 0 1859 0 0 0 4358 0 0 24277 16810 7467 0 1859 0 0 0 4358 6217 1250 1 WFCR University of Massachusetts Hampshire House Amherst MA 01003 046130523 501(c)(3) 32250 0 General support for local public radio station. Town of South Hadley 116 Main Street South Hadley MA 01075 046001303 Government Entity 70250 Out of the total grant amount, $60,000 is for the purchase of land for a town park and $10,250 is for support services including ambulatory services. 1 1 Fellowships and student financial aid for tuition, room and board expenses at Mount Holyoke College and other institutions within the United States. 1802 45233128 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All financial aid grants and scholarships to students are recorded in the financial aid management software, PowerFAIDS, by amount per semester. Financial services staff determine student eligibility based on a consistently applied need analysis formula which calculates the expected family contribution. (EFC). The EFC is subtracted from the total cost of attendance to equal the financial aid eligibility. The financial aid grant amount is determined based on consistently applied packaging formulas to meet the full calculated need of each student. Financial aid grant funds are monitored through the financial aid management software, PowerFAIDS, through fund tracking in the administration module. Staff who will be awarding financial aid grant funds are trained to adhere to these policies and procedures. Infrequently, at the discretion of the President or Vice President for Finance and Administration, the College makes donations to support the town or local non profit organizations. In these instances, the College generally does not monitor the ultimate use of the funds as these amounts are unrestricted grants to municipalities and local organizations that are recognized as being described in Internal Revenue Code Section 501(c)(3). In certain instances when the College grants funds for specified use by the town, the College maintains a written agreement that such grant will be used for the designated purpose. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Joanne Creighton 373730 0 0 0 34599 0 25725 0 49343 0 483397 0 0 0 Donal O'Shea 214352 0 0 0 9540 0 22995 0 28739 0 275626 0 0 0 Charles Haight 216848 0 0 0 4293 0 22995 0 2982 0 247118 0 0 0 Jane Brown 206199 0 0 0 0 0 21945 0 13231 0 241375 0 0 0 Mary Jo Maydew 169547 0 0 0 0 0 18396 0 10096 0 198039 0 0 0 Penny Gill 184803 0 0 0 0 0 19583 0 6765 0 211151 0 0 0 Joseph Ellis 180123 0 0 0 0 0 19950 0 21276 0 221349 0 0 0 Howard Nicholson 172844 0 0 0 0 0 19250 0 21016 0 213110 0 0 0 Charlotte Patriquin 153960 0 0 0 1889 0 16485 0 7759 0 180093 0 0 0 Anthony Lee 131764 0 0 0 20598 0 12915 0 15106 0 180383 0 0 0 George Cobb 70208 0 0 0 200514 0 6904 0 47398 0 325024 0 0 0 Lee Bowie 124982 0 0 0 0 0 14438 0 22689 0 162109 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College's Companion Travel Policy states that in occasional authorized circumstances the College will pay or reimburse for travel, meals and expenses of the spouse/partner of an officer. Specifically, while performing her official duties in the areas of development, alumni relations and other business of the College, the President may be accompanied by her spouse/partner, who is expected to make an important contribution to achieving the purpose of the travel or events. In those cases, the College's policy is to authorize the payment of all travel and related expenses of the President's spouse/partner. Under the accountable travel plan of the College, all expenses must be documented and receipts provided. In addition, when companion travel is necessary for business purposes and is paid by the College, the following conditions must be met in order to exclude travel costs from the taxable income of the employee: 1. The spouse/partner attends and contributes to the official function. 2. The purpose of the travel, the activities of the spouse/partner relating to College business and the expenses incurred are fully documented. Any spouse/partner travel other than that of the President must be approved, in advance, by the President. The Board of Trustees recognizes the unique role the President and other senior administrators play in supporting alumnae and development activities, campus events, and other official functions. Accordingly, as a condition of employment and for the convenience of the College, College owned or leased housing is provided to the President and the Dean of Faculty to fulfill these duties. Such housing provided to the President is approved by the Board of Trustees and housing provided to other senior administrators is approved by the President. An amount is included as a nontaxable benefit for the personal use of College provided housing. For the President's house, the College provides custodial personnel and appropriate equipment and supplies necessary to keep the residence's appearance and cleanliness at acceptable standards. The cost for cleaning the personal quarters of the President's house is included in the Form W-2 of the President. The College pays for the President's membership in a social club to provide a location for New York City College related events and meetings. Since this membership is exclusively for business related events, no amounts are included in compensation or benefits. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 For a description of the process used to determine the President's compensation, please refer to Schedule O, Part VI, Section B, Line 15. Massachusetts Development Finance Agency Mount Holyoke College Issue Series 2008 043431814 57583RUS2 2008-03-27 40231354 Construct and equip campus facilities 0 0 40231354 0 0 0 456354 0 39775000 2008 1 0 1 1 0 0 0 1 0 0 0.0267 0.0267 1 0 0 0 0 0 0 Joanne Creighton Split Dollar Receivable X 327600 289136 0 1 1 Jane Brown Shared Appreciation Mortgage X 57875 57875 0 1 1 Jesse Lytle Home Mortgage X 167000 136303 0 1 1 483314 Michael Crowley Spouse of VP for Finance & Admin 93238 Comp as Dir of Networking MHC 0 X 9 67700 Opinions of experts X 10000 Opinions of experts X 1 3500 Fair value X 240 2074184 Market value X Laser printers 2 1998 Fair value X Microscope 1 1800 Fair value X Saddle 1 3750 Fair value 3 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b For gifts of tangible real or personal property, the College engages the services of an auction house or real estate agent to sell the property and transfer the proceeds to the College. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a According to the College's by-laws, five Trustees known as Alumna Trustees, shall be elected by the alumnae in accordance with the by-laws of the Alumnae Association. One Alumna Trustee shall be elected by the alumnae in accordance with the by-laws of the Alumnae Association. One Alumna Trustee shall be elected each year to serve for a period of five years. In addition, the President of the Alumnae Association shall serve as a sixth Alumna Trustee during her three-year term of office. The election of Trustees, other than Alumnae Trustees, may be held at any regular or special meeting provided that written notice of such election, including the names of nominees, has been made at least seven days prior to the meeting. Nominations shall be made by the Nominating and Governance Committee. A two-thirds vote of the Trustees present at a duly called meeting shall be necessary for election of a Trustee. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 Annual review of the College's Form 990 is delegated to the Audit Committee. The Nominating and Governance Committee is responsible for reviewing the sections of the Form 990 that pertain to compensation and reporting back to the Audit Committee. This process permits the group of Trustees (the Audit Committee) who are most knowledgeable to review the document on behalf of the entire Board. The Audit Committee reports their findings to the Board of Trustees and the complete copy of the Form 990 is provided to each member prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College requires each member of the Board of Trustees to complete and file a Conflict of Interest Disclosure Form with the Secretary of the Board of Trustees annually. If a Trustee does not return the form then the Assistant to the Board of Trustees sends a second form for completion. If that is not returned, then the Trustee is asked to complete and submit the form at the next Board of Trustee meeting. In addition, each key employee is asked to complete and file a Conflict of Interest Disclosure Form annually. The information on the submitted forms is summarized by the Vice President for Finance and Administration who provides a copy of the summary to the Audit Committee annually. The Audit Committee reviews the information disclosed and advises the President and the Chair of the Board as to potential conflicts. The Audit Committee may, at its discretion, delegate this annual review to the Chair of the Committee. By signing the Annual Conflict of Interest Disclosure Form, each individual agrees to answer any questions that Board members may have about potential conflicts. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually, the Human Resources Department assembles comparative salary data for all senior/executive positions at the College including: President and all Vice Presidents (Vice President for Academic Affairs/Dean of the Faculty, Vice President for Finance and Administration, Vice President for Advancement/Development, Vice President of Student Affairs/Dean of the College, and Vice President for Enrollment and College Relations) and the Assistant/Senior Advisor to the President. This process was last undertaken in May 2010 for each of the positions mentioned above. Salary data for these executive positions is compiled from the Administrative Compensation Survey conducted annually by the College and University Professional Association for Human Resources (CUPA-HR) and assembled and analyzed using several views (25th and 75th percentiles, median, and mean) for salary data from all private independent institutions by comparable budget quartile as Mount Holyoke College, and from a selection of participating Consortium on Financing Higher Education (COFHE) institutions. In addition, Mount Holyoke College participates in a survey on executive total compensation which is conducted annually by a third party compensation consultant (currently conducted by the Pierson Group). Twenty-five of the College's peer institutions also participate in this survey. Salary data from this survey is analyzed in a similar fashion to the CUPA-HR data. This salary data, along with salaries of current Mount Holyoke College incumbents, is assembled and shared with the Chair of the Board of Trustees and with the Chair of the Nominating and Governance Committee. The data is then presented to the full Nominating and Governance Committee for discussion and decision on what salary adjustments, if any, will be recommended and brought to the full Board for a vote at their executive session. The Chair of the Board of Trustees is responsible for the oversight of the review of performance of the President. The President is responsible for oversight of performance management for the Vice Presidents. With regard to the President's compensation, in addition to comparative salary data, the Human Resources Department also assembles a summary report of Presidential "total" compensation. This report is also reviewed by and discussed with the Nominating and Governance Committee and shared with the entire Board at their executive session. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College makes its bylaws, conflict of interest policy and financial statements available to the public via the Mount Holyoke College website. In addition, the audited financial statements and the Form 990 are available on the website of the Massachusetts Attorney General. SchK_P03_S00_L03b Schedule K, Part III, Line 3b The College receives government grant funding for basic research for the advancement of scientific knowledge with no commercial objective. Some research takes place in campus facilities that were constructed or renovated using tax exempt bond proceeds; however, the College meets the safe harbor for reporting this research as not being private use. Willits Hallowell Center Inc c/o Mount Holyoke College 50 College Street South Hadley MA 01075 042565823 Food sales and facility rental for College functions. MA 501(c)(3) 11(d) N/A Alumnae Association of Mount Holyoke College c/o Mount Holyoke College 50 College Street South Hadley MA 01075 042105894 To advance interest in MHC by fostering the relationship between the College and the alumnae. MA 501(c)(3) 11(a) N/A Associated Kyoto Program Inc Smith College Controllers Office College Hall Room 204 Northampton MA 01063 042996114 To provide educational exchange at Doshisa University in Kyoto, Japan for American college students. MA 501(c)(3) 11(d) N/A Center Redevelopment Corporation 17 College Street South Hadley MA 01075 042939950 Real estate investment and management. MA 501(c)(3) 11(a) N/A The Center Business Corporation 17 College Street South Hadley MA 01075 042983326 Small business investment MA N/A C 565 13176 1 EB Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 043360903 Charitable Trust MA N/A T 118006 0.65 MDC Trust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 043458603 Charitable Trust MA N/A T 137064 0.79 CC Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046732296 Charitable Trust MA N/A T 332539 0.78 JF Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046845125 Charitable Trust MA N/A T 46571 0.72 MCF Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046921565 Charitable Trust MA N/A T 57623 0.7 MF Charitable Remainder Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046933994 Charitable Trust MA N/A T 178395 0.6 BJG Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046603570 Charitable Trust MA N/A T 35456 0.65 HS Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046790550 Charitable Trust MA N/A T 121468 0.93 CLJ Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 026088814 Charitable Trust MA N/A T 80603 0.93 MJ Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 043217331 Charitable Trust MA N/A T 61140 0.82 MRJ Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 043343634 Charitable Trust MA N/A T 103755 0.68 BBK Trust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046929303 Charitable Trust MA N/A T 46619 0.51 DCL Trust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046882822 Charitable Trust MA N/A T 56733 0.7 MM Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 136533040 Charitable Trust MA N/A T 285606 0.56 SM Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046823646 Charitable Trust MA N/A T 66348 0.69 SN Trust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 206804046 Charitable Trust MA N/A T 65580 0.51 BJP Charitable Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 046946865 Charitable Trust MA N/A T 59448 0.56 MT Unitrust c/o BNY Mellon BNY Mellon Ctr 201 Washington St Boston MA 02108 043360901 Charitable Trust MA N/A T 61623 0.7 SB Trust c/o Mount Holyoke College 50 College St South Hadley MA 01075 Charitable Trust MA N/A T 143671 0.76 MBB Trust c/o Mount Holyoke College 50 College Street South Hadley MA 01075 Charitable Trust MA N/A T 86400 0.97 CMM Trust c/o Mount Holyoke College 50 College St South Hadley MA 01075 Charitable Trust MA N/A T 116589 0.67 EB Unitrust c/o Mount Holyoke College 50 College St South Hadley MA 01075 Charitable Trust MA N/A T 76403 0.86 MF Unitrust #2 c/o Mount Holyoke College 50 College St South Hadley MA 01075 Charitable Trust MA N/A T 1256602 0.61 MF Unitrust #1 c/o Mount Holyoke College 50 College St South Hadley MA 01075 Charitable Trust MA N/A T 515691 0.61 EPG Unitrust c/o Mount Holyoke College 50 College St South Hadley MA 01075 Charitable Trust MA N/A T 235430 1 RIS Trust c/o Mount Holyoke College 50 College St South Hadley MA 01075 Charitable Trust MA N/A T 23553 0.76 JAS Trust c/o Mount Holyoke College 50 College Street South Hadley MA 01075 Charitable Trust MA N/A T 316456 1 0 1 0 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 Willits Hallowell Center Inc k 190740 Willits Hallowell Center Inc l 432967 Willits Hallowell Center Inc m 350000 Willits Hallowell Center Inc q 233848