2026-05-12T14:26:58-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2024-07-01 560767736 WARREN WILSON COLLEGE WARR 8282983325 PO BOX 9000 ASHEVILLE NC 288159000 DR DAMIAN J FERNANDEZ PRESIDENT 8282983325 2026-05-05 1 1 MELANIE MCPEAK P01346034 7043771678 2024 2025-03-06 01:10:19Z DR DAMIAN J FERNANDEZ PO BOX 9000 ASHEVILLE NC 288159000 87314423 0 X WWW.WARREN-WILSON.EDU X 1962 NC WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION (CONTINUED ON SCHEDULE O) INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD. 29 26 587 27 386488 0 8030830 19420294 38415467 39737849 3832681 3510619 1885716 5593050 52164694 68261812 19646877 19374843 0 0 15932411 15936834 0 0 1065651 14878828 14880919 50458116 50192596 1706578 18069216 106559244 135845244 21720479 31027132 84838765 104818112 X WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD. 0 0 42377181 19374843 38520736 EDUCATIONAL PROGRAM: MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLMENT AT THE COLLEGE DURING THE 2024-2025 ACADEMIC YEAR WAS APPROXIMATELY 714 UNDERGRADUATE STUDENTS. A TOTAL OF 200 STUDENTS (BOTH GRADUATE AND UNDERGRADUATE) GRADUATED FROM THE COLLEGE DURING THE YEAR. A LOW-RESIDENCY GRADUATE PROGRAM IN CREATIVE WRITING LEADING TO A MASTER OF FINE ARTS DEGREE IS ALSO OFFERED, AND AVERAGES AROUND 68 ENROLLEES. THE COLLEGE PREPARED STUDENTS REPRESENTING A BROADLY DIVERSE WORLD FOR SERVICE, LEADERSHIP, AND MEANINGFUL LIFELONG WORK AND STUDY BY OFFERING AN EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, AND REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. THE COLLEGE SPONSORED THREE STUDY AWAY COURSES LED BY THE COLLEGE'S FACULTY AND STAFF IN 2024-2025. THESE COURSES TRAVELED TO FRANCE, INDONESIA, AND THE NETHERLANDS. IN ADDITION, WE SENT 18 STUDENTS ON OUR SEMESTER-LONG STUDY ABROAD EXCHANGE PROGRAMS TO COUNTRIES AROUND THE WORLD. WARREN WILSON COLLEGE'S EXPERIENTIAL LEARNING MODEL LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND COMMUNITY ENGAGEMENT, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. THE COLLEGE ALSO PRIORITIZES COMMUNITY ENGAGEMENT AS PART OF ITS MISSION, WITH SIGNIFICANT CONTRIBUTIONS BEING MADE TO SCHOOLS AND NONPROFITS IN OUR IMMEDIATE AREA AND AROUND THE WORLD. FROM 2024-2025 STUDENTS COMPLETED 33,009 VOLUNTEER HOURS AT 131 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. FOR THE COLLEGE'S ANNUAL SERVICE DAY OVER 250 STUDENTS, FACULTY, AND STAFF AT WARREN WILSON COLLEGE PARTICIPATED AT 29 SITES CONTRIBUTING OVER 1150 HOURS OF SERVICE TO THE COMMUNITY. 1074032 1059236 PUBLIC SERVICES PROGRAM: THE SWANNANOA GATHERING IS A SERIES OF WEEKLY SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JUNE AND JULY THE ENROLLMENT IS LIMITED, WITH AN OPEN FORMAT, WHICH ALLOWS EACH STUDENT TO SELECT THEIR OWN CURRICULUM FROM A VARIETY OF COURSES WITH DIFFERENT EXPERIENCE LEVELS AND ABILITIES. HOUSING AND MEALS FOR PARTICIPANTS IS AN OPTION. THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION HAS ALLOWED 3 HOURS OF TEACHING CERTIFICATE RENEWAL CREDITS, WITH PRIOR APPROVAL, FOR EACH WEEK OF THE SERIES. TOTAL STUDENTS IN THE SUMMER OF 2025 WERE 1,236, RANGING BETWEEN 141 AND 340 PARTICIPANTS FOR EACH OF THE FIVE WEEKS. 43451213 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 1225 0 1 587 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 X 29 26 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MARY DAVIS 8282983325 701 WARREN WILSON ROAD SWANNANOA NC 28778 JEAN WRIGHT VEILLEUX CHAIR 1.00 0.00 X X 0 0 0 R MARK LAURSEN VICE CHAIR 1.00 0.00 X X 0 0 0 KATHERINE ELIZABETH ELLIS SECRETARY 1.00 0.00 X X 0 0 0 WILLIAM A LARAMEE TREASURER 1.00 0.00 X X 0 0 0 H ROSS ARNOLD III TRUSTEE 1.00 0.00 X 0 0 0 DR CHIUNG-SALLY CHOU TRUSTEE 1.00 0.00 X 0 0 0 JESSICA L CULPEPPER TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE ELIZABETH ELLIS TRUSTEE 1.00 0.00 X 0 0 0 JESSE C FRIPP TRUSTEE 1.00 0.00 X 0 0 0 SUELLEN A HUDSON TRUSTEE 1.00 0.00 X 0 0 0 LATONYA CHAVIS KEENER TRUSTEE 1.00 0.00 X 0 0 0 DR STEPHEN R KEENER TRUSTEE 1.00 0.00 X 0 0 0 DR ANNE GRAHAM MASTERS TRUSTEE 1.00 0.00 X 0 0 0 MUIRURI K MUCHANE TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH L REAMER TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY S RUST TRUSTEE 1.00 0.00 X 0 0 0 LUCY M WHEELER TRUSTEE 1.00 0.00 X 0 0 0 F LACHICOTTE ZEMP JR TRUSTEE 1.00 0.00 X 0 0 0 TROY BALL TRUSTEE 1.00 0.00 X 0 0 0 THOMAS A MAHER TRUSTEE 1.00 0.00 X 0 0 0 JOEL B ADAMS JR EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM H CHRISTY EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 DR LUCY A LAWRENCE EX-OFFICIO TRUSTEE 40.00 0.00 X 70411 0 12123 REV DR KATHRYN JOHNSON CAMERON EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 CLARENCE L TATE JR EX-OFFICIO TRUSTEE 40.00 0.00 X 89332 0 10435 ERIN P WORTHY EX-OFFICIO TRUSTEE THRU 09/30/2024 1.00 0.00 X 0 0 0 BROOKE MILSAPS EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 ROSEMARY C THURBER EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 MOLLY K JOHNSON EX-OFFICIO TRUSTEE FROM 10/01/2024 1.00 0.00 X 0 0 0 DR DAMIAN J FERNANDEZ PRESIDENT 40.00 0.00 X 239786 0 13095 VALERIE GLIEM VP OF ADVANCEMENT 40.00 0.00 X 168776 0 8610 GILBERT HINGA VP STUD ENG/DEAN OF STUDENTS 40.00 0.00 X 71610 0 5380 ROBERT NESMITH VP OF ENROLLMENT 40.00 0.00 X 133290 0 8065 JOSEPH RIQUELME VP OF ENROLLMENT 40.00 0.00 X 51686 0 5583 JAY ROBERTS PROVOST & DEAN OF FACULTY 40.00 0.00 X 171390 0 15534 RITA BANERJEE DIRECTOR MFA PROGRAM 40.00 0.00 X 112029 0 9081 1108310 0 87906 5 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 2359465 ROLYN LLC 5706 FREDERICK AVE ROCKVILLE MD 208521828 DAMAGE REMEDIATION 1004761 HARPER COMMERCIAL GROUP PO BOX 967 SWANNANOA NC 28778 JANITORIAL SERVICES 761640 MSS SOLUTIONS PO BOX 843147 BOSTON MA 02284 HVAC CONTRACTOR 666237 EIIA GLAHIT CLAIMS 200 S WACKER DR STE 1000 CHICAGO IL 60606 CONSULTING SERVICES 649233 8 1823274 17597020 757254 19420294 TUITION AND FEES 611710 29661715 29661715 ROOM AND BOARD 611710 8131981 8131981 SWANNANOA GATHERING 611710 1059236 1059236 CONFERENCES 611710 134055 134055 AUXILIARY ENTERPRISES 611710 53367 53367 697495 697495 39737849 1259635 471198 788437 153742 23324 130418 130418 130418 20822497 11000 18310847 271666 2511650 -260666 2250984 2250984 204187 446774 -242587 -157877 -84710 GAIN FROM INSURANCE PROCEEDS 900099 9779219 9779219 LOSS ON PROPERTY DAMAGE 900099 -4074000 -4074000 5705219 68261812 39579972 386488 8875058 19374843 19374843 1251242 183263 884172 183807 11878173 9904264 1445061 528848 93006 76237 11976 4793 1916414 1082875 763607 69932 797999 592417 161629 43953 103050 103050 103224 103224 581426 581426 759237 584848 174389 267590 124652 142938 1192498 714386 449823 28289 264189 122738 99912 41539 3899861 3563656 336205 276593 252705 15688 8200 680329 622501 57828 2510669 2365425 145244 FOOD SERVICES 2439673 2409171 30502 1802580 1477232 311996 13352 50192596 43451213 5675732 1065651 1279764 4601978 6558230 14291059 2938014 3095842 709954 743155 250313 292279 421482 689234 95035558 61952028 30984484 33083530 24635923 32112023 29475894 33874051 9305186 13062093 106559244 135845244 1100551 11445444 2797663 2785099 92258 104258 14906944 14584565 2823063 2107766 21720479 31027132 X 25850236 31443843 58988529 73374269 84838765 104818112 106559244 135845244 X 18069216 1597868 312263 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12000 55788 X 0 0 1 X 59765205 11002895 4866399 4110827 71523672 59675130 454987 3767095 4132007 59765205 60205277 536509 2970764 4037420 59675130 65197901 708521 -7632925 2578828 55694669 55308784 1016214 12753764 3880861 65197901 0.14180 0.85820 0.00000 1 0 2935210 2935210 71474494 49830857 21643637 16251884 11330550 4921334 4373970 790621 3583349 33083530 ALTERNATIVE INVESTMENTS 33874051 F 33874051 BENEFICIAL INTEREST IN REMAINDER TRUSTS 6576436 OTHER ASSETS 38962 OPERATING RIGHT-OF-USE ASSETS 10779 FINANCE RIGHT-OF-USE ASSETS 2617378 INSURANCE PROCEEDS RECEIVABLE 3818538 13062093 ANNUITY PAYABLE 256935 FINANCE LEASE LIABILITY 1841531 OPERATING LEASE LIABILITY 9300 2107766 X 50887620 1597868 782361 2380229 48507391 379578 19374843 19754421 68261812 30908273 470098 470098 30438175 379578 19374843 19754421 50192596 PART III, LINE 4: THE COLLEGE HAS ARTWORK THAT HAS BEEN DONATED OVER THE YEARS ON DISPLAY THROUGHOUT THE COLLEGE CAMPUS. PART IV, LINE 2B: THE COLLEGE HOLDS FUNDS FOR A VARIETY OF ACADEMIC, INSTITUTIONAL, AND STUDENT GROUPS AND ACCOUNTS FOR ADDITIONS TO AND DISTRIBUTIONS FROM THESE FUNDS SEPARATELY. PART V, LINE 4: THE INTENDED USES OF THE COLLEGE'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, STAFF/FACULTY DEVELOPMENT, BUILDING AND EQUIPMENT MAINTENANCE, AND OTHER ACADEMIC PROGRAMS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE COLLEGE'S POLICY IS TO EVALUATE ALL TAX POSITIONS AND TO CONSULT WITH EXPERTS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS WILL BE ASSESSED AND MEASURED BY A REASONABLY POSSIBLE THRESHOLD TO DETERMINE IF THE BENEFIT OF AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS 312,263. COST OF GOODS SOLD 446,774. RENTAL EXPENSES 23,324. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 19,374,843. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 446,774. RENTAL EXPENSES 23,324. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 19,374,843. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATORY POLICIES OF THE COLLEGE ARE MADE KNOWN TO ALL SCHOOLS AND AREAS VISITED BY THE ADMISSIONS PERSONNEL AS WELL AS IN ALL COLLEGE LITERATURE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE NC STATE EDUCATION ASSISTANCE AUTHORITY. EUROPE 0 0 INVESTMENTS 1441160 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9290604 0 0 0 0 0 0 10731764 0 10731764 1 0 1 1 1 0 PARTS I AND IV THE COLLEGE HAS OWNERSHIP IN VARIOUS FOREIGN ENTITIES AS A RESULT OF ALTERNATIVE INVESTMENTS THAT ARE A PART OF THE COLLEGE'S INVESTMENT PORTFOLIO. THE AMOUNT REPORTED IN PART I, COLUMN F IS THE FAIR MARKET VALUE OF THE INVESTMENTS HELD AT THE END OF THE YEAR. 1 SCHOLARSHIPS AND FELLOWSHIPS 807 19374843 TUITION RATES TUITION ASSISTANCE PART I, LINE 2: THE OFFICE OF ADVANCEMENT WORKS WITH DONORS TO ESTABLISH GUIDELINES FOR THE USE AND DISBURSEMENT OF ANY DONATED FUNDS ACCORDING TO THE DONORS' WISHES. THE DONORS' RESTRICTIONS ARE PUT IN WRITING WITH COPIES MAINTAINED IN THE ADVANCEMENT OFFICE, THE CONTROLLER'S OFFICE, AND THE FINANCIAL AID OFFICE, IF APPLICABLE. IF THE DONATION IS FOR GRANTS OR SCHOLARSHIPS TO BE DISTRIBUTED BY THE FINANCIAL AID OFFICE, THE FINANCIAL AID OFFICE MAINTAINS A SPREADSHEET OF GRANT TITLES AND RESTRICTIONS WHICH ARE UPDATED AS NEEDED. A PERMANENT ELECTRONIC FILE IS ALSO MAINTAINED. THE GRANTS OR SCHOLARSHIPS ARE "MATCHED" WITH AN ELIGIBLE RECIPIENT BY THE FINANCIAL AID OFFICE. THE FINAL STEP IN THE PROCESS IS A RANDOM AUDIT CONDUCTED ONCE A YEAR BY AN OUTSIDE AUDIT FIRM. NEED-BASED GRANTS WERE AWARDED TO WARREN WILSON COLLEGE STUDENTS BASED ON FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) RESULTS. FAFSA RESULTS WERE NOT REQUIRED TO BE CONSIDERED FOR MERIT SCHOLARSHIPS, BUT MANY OF THESE DOLLARS WERE USED TO MEET THE FEDERAL DEFINITION OF "NEED." X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR DAMIAN J FERNANDEZ PRESIDENT 239786 0 0 0 0 0 2250 0 10845 0 252881 0 0 0 JAY ROBERTS PROVOST & DEAN OF FACULTY 171390 0 0 0 0 0 1854 0 13680 0 186924 0 0 0 VALERIE GLIEM VP OF ADVANCEMENT 168776 0 0 0 0 0 1550 0 7060 0 177386 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES HOUSING AND WEEKLY HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THESE AMOUNTS ARE NONTAXABLE COMPENSATION AND ARE REPORTED AS SUCH IN SCHEDULE J, PART II, COLUMN D. THE COLLEGE ALSO PROVIDES HOUSING TO THE DEAN OF STUDENTS FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE DEAN OF STUDENTS CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THESE AMOUNTS ARE NONTAXABLE COMPENSATION AND ARE REPORTED AS SUCH IN FORM 990, PART VII, COLUMN F. X 1 12000 FMV X 1 100000 FMV X 13 634697 FMV X BUILDING MATERIALS 7 8456 FMV X SUPPLIES 4 1551 FMV X MUSIC EQUIPMENT 6 548 FMV X FARMING EQUIPMENT 4 2 FMV X SPORTING EQUIPMENT 1 1 FMV 1 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B OF SCHEDULE M FOR ALL DONATIONS REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR EACH RESPECTIVE CATEGORY. FORM 990, PART VI, SECTION A, LINE 1A THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE TRUSTEES THEN SERVING, EXCLUSIVE OF EX-OFFICIO TRUSTEES, IS REQUIRED TO: (A) AMEND OR RESTATE THE COLLEGE'S ARTICLES OF INCORPORATION; (B) AMEND OR RESTATE THE COLLEGE'S BYLAWS; (C) SELECT OR REMOVE THE COLLEGE'S PRESIDENT; (D) INCREASE OR DECREASE THE NUMBER OF TRUSTEES ON THE BOARD; (E) DISSOLVE THE COLLEGE'S CORPORATE EXISTENCE, MERGE THE COLLEGE WITH ANY OTHER ENTITY OR SELL, PLEDGE OR TRANSFER ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS. EX-OFFICIO TRUSTEES MAY VOTE ON ANY OTHER MATTERS, THOUGH, SAME AS THE OTHER TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES STEVEN KEENER AND LATONYA CHAVIS KEENER ARE MARRIED. VALERIE GLIEM, VP FOR ADVANCEMENT AND DAVID GLIEM, SPECIAL ASS'T TO THE PRESIDENT ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 4 THE COLLEGE UPDATED ITS BYLAWS ON AUGUST 1, 2024 TO ALLOW TRUSTEES TO SERVE UP TO ONE ADDITIONAL YEAR, DUE TO EXIGENT CIRCUMSTANCES, AND TO CHANGE THE TERMS FOR FACULTY AND STAFF TRUSTEES FROM TWO YEARS TO THREE YEARS. FORM 990, PART VI, SECTION B, LINE 11B KEY PERSONNEL AND TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SIGNED, INCLUDING THE VP FOR ADMINISTRATION AND FINANCE/CFO, THE CONTROLLER, THE CHAIR OF THE STANDING AUDIT COMMITTEE AND THE CHAIR OF THE BOARD. THE FULL BOARD IS PROVIDED ACCESS TO THE PUBLIC DISCLOSURE COPY OF THE RETURN ON A PASSWORD-PROTECTED WEBSITE, WITH A NOTICE THAT THE FULL FILING COPY IS AVAILABLE FOR REVIEW IN THE CONTROLLER'S OFFICE. THIS IS DONE TO PROTECT DONOR INFORMATION WHILE STILL GIVING THE BOARD ACCESS TO ALL INFORMATION AS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH SPECIFIES IN DETAIL THOSE CIRCUMSTANCES GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST ON THE PART OF THE COLLEGE TRUSTEES. PURSUANT TO THIS POLICY, TRUSTEES MUST FILE AN ANNUAL REPORT SPECIFYING ANY RELATIONSHIPS OR ACTIVITIES WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT. THESE REPORTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE AND THE CHAIR OF THE BOARD OF TRUSTEES. ANY ISSUES RAISED BY A SPECIFIC REPORT ARE RESOLVED ACCORDING TO THE PROCEDURES OUTLINED IN THE CONFLICT OF INTEREST POLICY. A SIMILAR POLICY FOR EMPLOYEES OF THE COLLEGE DEFINES CONFLICT OF INTEREST AND RELATED TERMS AND OUTLINES A PROCEDURE FOR DISCLOSURE, REPORTING, AND COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION PACKAGE IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES BASED ON AN ASSESSMENT OF MARKET COMPARABLES FOR SIMILAR POSITIONS AT SCHOOLS OF SIMILAR SIZE AND LOCATION. THE PRESIDENT APPROVES THE COMPENSATION PACKAGES FOR OTHER OFFICERS OF THE COLLEGE IN COORDINATION WITH HUMAN RESOURCES. THE BOARD WOULD APPROVE TOTAL COMPENSATION INCREASES AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE DISCRETION OF MANAGEMENT. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS 312,263. WARREN WILSON COLLEGE FOUNDATION LLC PO BOX 9000 ASHEVILLE NC 288159000 474468713 RENTAL NC 722736 12546033 WARREN WILSON COLLEGE