FRANKLIN & MARSHALL COLLEGE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: FRANKLIN & MARSHALL COLLEGE (EIN 23-1352635)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-15
IRS object ID: 202631359349304993
Schema version: 2024v5.5
Source: Download XML · Original 990 at ProPublica

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

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule K
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-15T10:17:42-05:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY ADVISORY GROUP LP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1570 FRUITVILLE PIKE SUITE 400	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17601	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	231352635	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FRANKLIN & MARSHALL COLLEGE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FRAN	BusinessNameControlTxt
Phone	7173583925	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	176043003	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SHAWN P CURTIN	PersonNm
Person Title	VP FINANCE & ADMINISTRATION	PersonTitleTxt
Phone	7173583925	PhoneNum
Signature	2026-05-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KERRI N BOGDA	PreparerPersonNm
PTIN	P00760402	PTIN
Phone	7177404863	PhoneNum
Preparation	2026-05-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BARBARA ALTMANN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	176043003	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$387,193,761	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FANDM.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1787	FormationYr
Legal Domicile State	PA	LegalDomicileStateCd
Activity Or Mission	A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION.	ActivityOrMissionDesc
Voting Members Governing Body	36	VotingMembersGoverningBodyCnt
Voting Members Independent	35	VotingMembersIndependentCnt
Total Employee	1936	TotalEmployeeCnt
Total Volunteers	1120	TotalVolunteersCnt
Total Gross UBI	$592,638	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$18,958,957	PYContributionsGrantsAmt
CY Contributions Grants	$16,413,439	CYContributionsGrantsAmt
PY Program Service Revenue	$156,745,937	PYProgramServiceRevenueAmt
CY Program Service Revenue	$153,442,597	CYProgramServiceRevenueAmt
PY Investment Income	$23,847,554	PYInvestmentIncomeAmt
CY Investment Income	$26,331,290	CYInvestmentIncomeAmt
PY Other Revenue	$1,834,766	PYOtherRevenueAmt
CY Other Revenue	$3,245,058	CYOtherRevenueAmt
PY Total Revenue	$201,387,214	PYTotalRevenueAmt
CY Total Revenue	$199,432,384	CYTotalRevenueAmt
PY Grants And Similar Paid	$63,927,630	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$63,939,166	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$70,632,873	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$70,019,451	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$5,686,696	CYTotalFundraisingExpenseAmt
PY Other Expenses	$58,892,084	PYOtherExpensesAmt
CY Other Expenses	$60,696,637	CYOtherExpensesAmt
PY Total Expenses	$193,452,587	PYTotalExpensesAmt
CY Total Expenses	$194,655,254	CYTotalExpensesAmt
PY Revenues Less Expenses	$7,934,627	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,777,130	CYRevenuesLessExpensesAmt
Total Assets BOY	$855,834,708	TotalAssetsBOYAmt
Total Assets EOY	$886,546,793	TotalAssetsEOYAmt
Total Liabilities BOY	$195,098,779	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$191,348,224	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$660,735,929	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$695,198,569	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	FRANKLIN & MARSHALL COLLEGE IS A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. ITS AIMS ARE TO INSPIRE IN YOUNG PEOPLE OF HIGH PROMISE AND DIVERSE BACKGROUNDS A GENUINE AND ENDURING LOVE FOR LEARNING, TO TEACH THEM TO READ, WRITE, AND THINK CRITICALLY, TO INSTILL IN THEM THE CAPACITY FOR BOTH INDEPENDENT AND COLLABORATIVE ACTION, AND TO EDUCATE THEM TO EXPLORE AND UNDERSTAND THE NATURAL, SOCIAL, AND CULTURAL WORLDS IN WHICH THEY LIVE. IN SO DOING, THE COLLEGE SEEKS TO FOSTER IN ITS STUDENTS QUALITIES OF INTELLECT, CREATIVITY, AND CHARACTER, THAT THEY MAY LIVE FULFILLING LIVES AND CONTRIBUTE MEANINGFULLY TO THEIR OCCUPATIONS, THEIR COMMUNITIES, AND THEIR WORLD.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$63,780,559	ExpenseAmt
Grant	$63,780,559	GrantAmt
Revenue	$0	RevenueAmt
Desc	FINANCIAL AID: THE COLLEGE COMMITS TO MEETING 100% OF EVERY STUDENT'S INSTITUTIONALLY DETERMINED FINANCIAL NEED FOR ALL FOUR YEARS OF THEIR EDUCATION. THE COLLEGE PROVIDES FINANCIAL AID TO 86% OF OUR STUDENTS, ALLOWING THE COLLEGE TO RECRUIT EXTRAORDINARY TALENT FROM ALL BACKGROUNDS. THE CLASS OF 2028 ENROLLED 477 STUDENTS WITH AN AVERAGE SAT SCORE OF 1379.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$36,993,579	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$130,451,308	RevenueAmt
Desc	INSTRUCTION: THROUGH A DISTINCTIVELY EXPERIENTIAL LIBERAL ARTS MODEL, F&M OFFERS 52 FIELDS OF STUDY IN A SUPPORTIVE, DYNAMIC ENVIRONMENT. WITH A 9:1 STUDENT TO FACULTY RATIO, THE COLLEGE'S 1,857 FULL-TIME, UNDERGRADUATE STUDENTS HAVE THE OPPORTUNITY TO COLLABORATE DIRECTLY WITH F&M'S DISTINGUISHED FACULTY, WHO EARN NUMEROUS NATIONAL AND INTERNATIONAL HONORS, INCLUDING PRESTIGIOUS GRANTS, FELLOWSHIPS, AND CAREER AWARDS. F&M ALSO IS AMONG AN ELITE GROUP OF LIBERAL ARTS COLLEGES THAT MAINTAIN EXCEPTIONAL ACADEMIC STANDARDS, INCLUDING CLASSIFICATION AS A CARNEGIE RESEARCH COLLEGE. F&M STUDENTS LEARN TO BECOME LEADERS AND DEVELOP THE SKILLS THEY NEED TO HANDLE REAL-WORLD CHALLENGES WITH CREATIVITY, AGILITY AND EMPATHY.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$46,622,947	ExpenseAmt
Grant	$158,607	GrantAmt
Revenue	$22,381,402	RevenueAmt
Desc	STUDENT AND AUXILIARY SERVICES: F&M IS A RESIDENTIAL CAMPUS THAT HOLISTICALLY SUPPORTS STUDENT GROWTH AND SUCCESS. THE STUDENT SUPPORT HUB BRINGS TOGETHER THE MAJORITY OF THE COLLEGE'S STUDENT SUPPORT SERVICES, INCLUDING THE WRITING CENTER, QUANTITATIVE AND SCIENCE CENTER, DIPCARES WELLNESS PROGRAM, FIRST-YEAR ADVISING MENTORS, INTERNATIONAL AND MULTILINGUAL SUPPORT, AND ACCESSIBILITY SERVICES. THE COLLEGE HAS A FULLY INTEGRATED STUDENT WELLNESS CENTER IN PARTNERSHIP WITH PENN MEDICINE LANCASTER GENERAL HEALTH. 33% OF STUDENTS COMPETE IN DIVISION III ATHLETICS ON 28 VARSITY TEAMS. STUDENTS ALSO PARTICIPATE IN MORE THAN 110 ACTIVE STUDENT CLUBS AND ORGANIZATIONS, INCLUDING GREEK LIFE AND DOZENS OF CLUBS AND INTRAMURAL SPORTS TEAMS. ACADEMIC SUPPORT, RESEARCH, PUBLIC SERVICE, AND INSTITUTIONAL SUPPORT ARE ALL CONSIDERED AUXILIARY SERVICES THAT ARE PROVIDED TO STUDENTS THROUGHOUT THEIR COLLEGE CAREERS.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$147,397,085	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (1)	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (1)	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	2771	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	1936	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	UK	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	36	GoverningBodyVotingMembersCnt
Independent Voting Member	35	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	PA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SHAWN P CURTIN VP FINANCE & ADMIN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7173584210	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	176043003	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (54 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
BARBARA K ALTMANN PHD
PRESIDENT	60.00	0.00	Yes (X)	Yes (X)	$723,111	$0	$283,284
ERIC W NOLL
CHAIR	14.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
SUSAN KLINE KLEHR
TRUSTEE - SENIOR VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
H ART TAYLOR ESQ
TRUSTEE - SENIOR VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
KENNETH B MEHLMAN
TRUSTEE - VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
MARY L SCHAPIRO LHD
TRUSTEE - VICE CHAIR	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
PATRICIA E HARRIS
TRUSTEE - VICE CHAIR (UNTIL 08/24)	4.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
MOHAMMED A ANJARWALA
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
MICHAEL T ARNOLD
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
SAMEER ARORA
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
JONATHAN E BABKOW
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MARGERY A BRITTAIN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ROBERT J BROOKS SR
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
PAUL R BROWN PHD
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MODIA J BUTLER
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
PAIGE A COSTIGAN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
NEIL B DAVIDOWITZ ESQ
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ROBERT V DESANTIS
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MATTHEW N DESCHAMPS
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
DR JOAN M FALLON
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
LYNN J GREENBURG
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
JOHN W GREENE JR
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
AKBAR HOSSAIN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
SHAWN M JENKINS
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
FATOUMATA KEITA
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ROBERT M KRASNE ESQ
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
DAVID H LEHMAN PHD
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
DOUGLAS J MCCORMACK ESQ
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
JUDITH C FISHLOW MINTER
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
RICARDO G RIVERS
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
KATHERINE QUICK ROSA
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
RAYMOND A SANSEVERINO
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
CHERYL J SCARBORO
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
KATHY HAY STINE
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
SCOTT D TAYLOR
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
EDWARD D VAN DOLSEN
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
COLLEEN ROSS WEIS
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
ANNE W FASS
TRUSTEE (UNTIL 07/24)	2.00	0.00	Yes (X)		$0	$0	$0
MATTHEW J MURPHY
TRUSTEE (UNTIL 10/24)	2.00	0.00	Yes (X)		$0	$0	$0
SHAWN P CURTIN
VP FINANCE & ADMINISTRATION	60.00	0.00		Yes (X)	$313,898	$0	$59,982
VALERIE L DEXTER
VP LEGAL AFFAIRS & GEN. COUNSEL	60.00	0.00		Yes (X)	$285,688	$0	$35,782
ALAN CANIGLIA
VP INST'L RES. & CHIEF STRAT. OFF.	60.00	0.00			$202,533	$0	$37,047	Yes (X)
M LESLIE DAVIDSON
VP FOR ENROLLMENT MANAGEMENT	60.00	0.00			$256,089	$0	$41,243	Yes (X)
CYNTHIA GORMAN
VP FOR COLLEGE ADVANCEMENT	60.00	0.00			$309,431	$0	$41,996	Yes (X)
GRETCHEL L HATHAWAY
VP FOR COMMUNITY & BELONGING	60.00	0.00			$210,819	$0	$31,749	Yes (X)
MARY OSIRIM
INTERIM PROVOST & DEAN OF FACULTY	60.00	0.00			$319,550	$0	$48,525	Yes (X)
CARRIE E RAMPP
VP & CHIEF INFORMATION OFFICER	60.00	0.00			$213,922	$0	$38,729	Yes (X)
BARBARA S STAMBAUGH
VP FOR COMMUNICATIONS	60.00	0.00			$221,114	$0	$32,967	Yes (X)
ANDREW STELLJES
VP & DEAN OF STUDENT AFFAIRS	60.00	0.00			$225,933	$0	$49,851	Yes (X)
ALAN S GLAZER
PROFESSOR OF BUSINESS	40.00	0.00			$185,486	$0	$28,668		Yes (X)
MELANIE A DESANTIS
AVP HUMAN RESOURCES	40.00	0.00			$177,838	$0	$18,505		Yes (X)
FREDERICK D BROWN
GIFT OFFICER & DIR. SPECIAL PROJECTS	40.00	0.00			$161,246	$0	$43,152		Yes (X)
SEAN GALLOWAY
AVP FINANCE AND CONTROLLER	40.00	0.00			$170,351	$0	$27,629		Yes (X)
LAUREN M PACKER
DIRECTOR, ATHLETICS & RECREATION	40.00	0.00			$160,047	$0	$43,247		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$4,137,056	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$862,356	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	155	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SODEXO INC & AFFILIATES
4880 PAYSPHERE CIRCLE	CHICAGO	IL	606740048	FOOD SERVICES MGMT.	$8,202,271
POOLE ANDERSON CONSTRUCTION LLC
2121 OLD GATESBURG ROAD STE 200	STATE COLLEGE	PA	168032290	CONSTUCTION SERVICES	$3,750,377
LANCASTER GENERAL MEDICAL GRP
1030 NEW HOLLAND AVE BUILDING 12A	LANCASTER	PA	176015689	STUDENT HEALTH SVCS.	$1,938,178
TWO OCEAN EDUCATION PARTNERS
1806 SUMMIT AVE STE 200	RICHMOND	VA	232304339	RECRUITING SERVICES	$502,777
KEELING & ASSOCIATES LLC
55 HARRY KEMP WAY	PROVINCETOWN	MA	026571618	EXECUTIVE COACHING & CONSULTING	$240,000

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	12	CntrctRcvdGreaterThan100KCnt
Government Grants	$2,404,735	GovernmentGrantsAmt
All Other Contributions	$14,008,704	AllOtherContributionsAmt
Noncash Contributions	$1,780,592	NoncashContributionsAmt
Total Contributions	$16,413,439	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION & FEES	611310	$130,451,308	$130,451,308
AUXILIARY OPERATIONS	721310	$22,991,289	$22,381,402	$609,887

Field	Value	IRS element (for citing)
Total Program Service Revenue	$153,442,597	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,912,504	TotalRevenueColumnAmt
Unrelated Business Revenue	-$84,061	UnrelatedBusinessRevenueAmt
Exclusion	$5,996,565	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$29,633	TotalRevenueColumnAmt
Exclusion	$29,633	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$1,158,531	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$630,800	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$527,731	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$527,731	TotalRevenueColumnAmt
Exclusion	$527,731	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$207,549,363	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$187,130,577	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$20,418,786	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$20,418,786	TotalRevenueColumnAmt
Exclusion	$20,418,786	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
RESEARCH INCOME	900099	$721,277	$66,812	$654,465
CONTRACT INCOME	900099	$448,949		$448,949
INDIRECT COST RECOVERY	900099	$356,575		$356,575

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,160,893	TotalRevenueColumnAmt
Exclusion	$1,160,893	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$2,687,694	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$199,432,384	TotalRevenueColumnAmt
Related Or Exempt Func Income	$152,832,710	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$592,638	UnrelatedBusinessRevenueAmt
Exclusion	$29,593,597	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$158,607	TotalAmt
Program Services	$158,607	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$52,992,134	TotalAmt
Program Services	$52,992,134	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$10,788,425	TotalAmt
Program Services	$10,788,425	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$4,025,762	TotalAmt
Program Services	$1,279,808	ProgramServicesAmt
Management And General	$2,053,405	ManagementAndGeneralAmt
Fundraising	$692,549	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$50,273,138	TotalAmt
Program Services	$35,122,036	ProgramServicesAmt
Management And General	$12,886,469	ManagementAndGeneralAmt
Fundraising	$2,264,633	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$3,782,001	TotalAmt
Program Services	$2,666,317	ProgramServicesAmt
Management And General	$953,003	ManagementAndGeneralAmt
Fundraising	$162,681	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$8,245,166	TotalAmt
Program Services	$5,584,932	ProgramServicesAmt
Management And General	$2,213,682	ManagementAndGeneralAmt
Fundraising	$446,552	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,693,384	TotalAmt
Program Services	$2,544,149	ProgramServicesAmt
Management And General	$966,656	ManagementAndGeneralAmt
Fundraising	$182,579	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$277,227	TotalAmt
Program Services	$13,215	ProgramServicesAmt
Management And General	$264,012	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$211,932	TotalAmt
Management And General	$211,932	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$1,959,249	TotalAmt
Management And General	$1,959,249	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$14,044,613	TotalAmt
Program Services	$11,509,794	ProgramServicesAmt
Management And General	$2,081,770	ManagementAndGeneralAmt
Fundraising	$453,049	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$180,995	TotalAmt
Program Services	$164,717	ProgramServicesAmt
Management And General	$14,825	ManagementAndGeneralAmt
Fundraising	$1,453	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,182,603	TotalAmt
Program Services	$2,602,133	ProgramServicesAmt
Management And General	$1,305,476	ManagementAndGeneralAmt
Fundraising	$274,994	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,051,235	TotalAmt
Program Services	$361,698	ProgramServicesAmt
Management And General	$1,595,774	ManagementAndGeneralAmt
Fundraising	$93,763	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$5,109,036	TotalAmt
Program Services	$2,984,379	ProgramServicesAmt
Management And General	$2,046,563	ManagementAndGeneralAmt
Fundraising	$78,094	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,497,415	TotalAmt
Program Services	$2,273,476	ProgramServicesAmt
Management And General	$116,796	ManagementAndGeneralAmt
Fundraising	$107,143	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$210,110	TotalAmt
Program Services	$164,581	ProgramServicesAmt
Management And General	$44,885	ManagementAndGeneralAmt
Fundraising	$644	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,187,905	TotalAmt
Program Services	$119,512	ProgramServicesAmt
Management And General	$4,068,393	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$12,225,643	TotalAmt
Program Services	$8,240,804	ProgramServicesAmt
Management And General	$3,330,251	ManagementAndGeneralAmt
Fundraising	$654,588	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,352,832	TotalAmt
Program Services	$290	ProgramServicesAmt
Management And General	$1,352,542	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
REPAIRS & EQUIP. MAINT.	$4,678,285	$1,217,894	$3,460,391
OFF CAMPUS PROGRAMS	$2,368,694	$2,368,694
EQUIPMENT & BOOKS	$1,856,367	$1,852,877	$2,792	$698
FOOD	$1,391,945	$1,078,510	$144,065	$169,370

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,910,551	TotalAmt
Program Services	$1,308,103	ProgramServicesAmt
Management And General	$498,542	ManagementAndGeneralAmt
Fundraising	$103,906	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$194,655,254	TotalAmt
Program Services	$147,397,085	ProgramServicesAmt
Management And General	$41,571,473	ManagementAndGeneralAmt
Fundraising	$5,686,696	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$18,747,592	BOYAmt
EOY	$22,356,639	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$17,937,725	BOYAmt
EOY	$13,438,107	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,578,937	BOYAmt
EOY	$3,250,525	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$21,000	BOYAmt
EOY	$14,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$722,791	BOYAmt
EOY	$2,426,963	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$531,315,872	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$229,129,293	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$305,894,248	BOYAmt
EOY	$302,186,579	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$118,394,197	BOYAmt
EOY	$108,819,954	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$372,077,334	BOYAmt
EOY	$418,024,161	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$5,125,243	BOYAmt
EOY	$3,111,199	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$13,335,641	BOYAmt
EOY	$12,918,666	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$855,834,708	BOYAmt
EOY	$886,546,793	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$5,034,479	BOYAmt
EOY	$7,424,831	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,353,990	BOYAmt
EOY	$4,011,502	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$92,476,396	BOYAmt
EOY	$86,906,231	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$599,339	BOYAmt
EOY	$265,082	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$2,653,203	BOYAmt
EOY	$2,298,294	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$91,981,372	BOYAmt
EOY	$90,442,284	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$195,098,779	BOYAmt
EOY	$191,348,224	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$314,759,482	BOYAmt
EOY	$327,799,523	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$345,976,447	BOYAmt
EOY	$367,399,046	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$660,735,929	BOYAmt
EOY	$695,198,569	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$855,834,708	BOYAmt
EOY	$886,546,793	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$4,777,130	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$34,493,309	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$4,807,799	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$27,265,935	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,465,708	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$18,418,429	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,958,957	CurrentTaxYearMinus1YearAmt
Current Tax Year	$16,413,439	CurrentTaxYearAmt
Total	$105,522,468	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$27,265,935	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,465,708	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$18,418,429	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,958,957	CurrentTaxYearMinus1YearAmt
Current Tax Year	$16,413,439	CurrentTaxYearAmt
Total	$105,522,468	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$8,478,533	SubstantialContributorsTotAmt
Public Support Total170	$97,043,935	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,787,670	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,854,441	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,560,804	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,148,958	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,184,729	CurrentTaxYearAmt
Total	$29,536,602	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,859,312	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,455,169	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,053,313	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,359,209	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,620,882	CurrentTaxYearAmt
Total	$10,347,885	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$145,406,955	TotalSupportAmt
Gross Receipts Rltd Activities	$770,217,438	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.66740	PublicSupportCY170Pct
Public Support PY170	0.63620	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	INTERDEPARTMENTAL REVENUE - 2021 AMOUNT: $ 302,000. 2024 AMOUNT: $ 127,952. PROGRAM FEES - 2020 AMOUNT: $ 360,645. 2021 AMOUNT: $ 36,451. 2022 AMOUNT: $ 63,965. 2023 AMOUNT: $ 6,245. 2024 AMOUNT: $ 84,455. INDIRECT COST RECOVERY - 2020 AMOUNT: $ 367,587. 2021 AMOUNT: $ 406,413. 2022 AMOUNT: $ 357,935. 2023 AMOUNT: $ 350,988. 2024 AMOUNT: $ 356,575. MEMBERSHIP INCOME - 2021 AMOUNT: $ 23,665. 2022 AMOUNT: $ 18,256. 2023 AMOUNT: $ 17,435. 2024 AMOUNT: $ 15,530. RESEARCH - 2020 AMOUNT: $ 839,874. 2021 AMOUNT: $ 836,322. 2022 AMOUNT: $ 609,840. 2023 AMOUNT: $ 545,500. 2024 AMOUNT: $ 654,465. OTHER - 2020 AMOUNT: $ 291,206. 2021 AMOUNT: $ 583,945. 2022 AMOUNT: $ 753,147. 2023 AMOUNT: $ 32,112. 2024 AMOUNT: $ 1,045,143. REIMBURSEMENTS - 2021 AMOUNT: $ 171,340. 2022 AMOUNT: $ 250,170. 2023 AMOUNT: $ 406,929. 2024 AMOUNT: $ 336,762. PERKINS LOANS - 2021 AMOUNT: $ 95,033.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

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

Contributor US Address ContributorUSAddress

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

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd
Solicited Assets Sale	0	SolicitedAssetsSaleInd
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$415,676,272	BeginningYearBalanceAmt
Contributions	$10,824,220	ContributionsAmt
Investment Earnings Or Losses	$52,460,430	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,807,536	GrantsOrScholarshipsAmt
Other Expenditures	$12,757,196	OtherExpendituresAmt
Administrative Expenses	$1,733,189	AdministrativeExpensesAmt
End Year Balance	$456,663,001	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$380,258,336	BeginningYearBalanceAmt
Contributions	$10,464,510	ContributionsAmt
Investment Earnings Or Losses	$46,508,615	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,528,007	GrantsOrScholarshipsAmt
Other Expenditures	$12,579,552	OtherExpendituresAmt
Administrative Expenses	$1,447,630	AdministrativeExpensesAmt
End Year Balance	$415,676,272	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$375,555,835	BeginningYearBalanceAmt
Contributions	$5,001,028	ContributionsAmt
Investment Earnings Or Losses	$20,709,775	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,376,914	GrantsOrScholarshipsAmt
Other Expenditures	$12,151,199	OtherExpendituresAmt
Administrative Expenses	$1,480,189	AdministrativeExpensesAmt
End Year Balance	$380,258,336	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$441,320,443	BeginningYearBalanceAmt
Contributions	$6,910,075	ContributionsAmt
Investment Earnings Or Losses	-$52,442,327	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,756,279	GrantsOrScholarshipsAmt
Other Expenditures	$11,561,635	OtherExpendituresAmt
Administrative Expenses	$1,914,442	AdministrativeExpensesAmt
End Year Balance	$375,555,835	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$326,941,394	BeginningYearBalanceAmt
Contributions	$6,268,612	ContributionsAmt
Investment Earnings Or Losses	$129,279,816	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,558,470	GrantsOrScholarshipsAmt
Other Expenditures	$11,765,973	OtherExpendituresAmt
Administrative Expenses	$2,844,936	AdministrativeExpensesAmt
End Year Balance	$441,320,443	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.32680	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.35460	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.31860	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$19,562	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$22,940,407	OtherCostOrOtherBasisAmt
Book Value	$22,959,969	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$661,452	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$429,014,926	OtherCostOrOtherBasisAmt
Depreciation	$159,721,559	DepreciationAmt
Book Value	$269,954,819	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$77,449,867	OtherCostOrOtherBasisAmt
Depreciation	$68,232,632	DepreciationAmt
Book Value	$9,217,235	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,229,658	OtherCostOrOtherBasisAmt
Depreciation	$1,175,102	DepreciationAmt
Book Value	$54,556	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$302,186,579	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
BENEFICIAL INTEREST IN PERPETUAL TRUSTS	$17,718,873	F
ALTERNATIVE INVESTMENTS	$400,305,288	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$418,024,161	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
POSTRETIREMENT BENEFIT OBLIGATIONS	$8,183,186
ANNUITY OBLIGATIONS	$12,204,320
FIN 47 OBLIGATION	$7,831,315
CONTRACT LIABILITY	$2,662,707
CAPITAL LEASE LIABILITY	$59,560,756

Field	Value	IRS element (for citing)
Total Liability	$90,442,284	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$167,072,085	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$34,493,309	NetUnrealizedGainsInvstAmt
Other Revenue	-$67,484,408	OtherRevenueAmt
Revenue Not Reported	-$32,991,099	RevenueNotReportedAmt
Revenue Subtotal	$200,063,184	RevenueSubtotalAmt
Other Revenues Not Included	-$630,800	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$630,800	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$199,432,384	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$132,609,450	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$3,416,445	OtherExpensesIncludedAmt
Expenses Not Reported	$3,416,445	ExpensesNotReportedAmt
Expenses Subtotal	$129,193,005	ExpensesSubtotalAmt
Other Expenses Not Included	$65,462,249	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$65,462,249	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$194,655,254	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III, LINE 1A:	COLLECTION ITEMS CONSIST OF ARTWORKS, RARE BOOKS, AND OTHER OBJECTS THAT HAVE COME TO THE COLLEGE PRINCIPALLY THROUGH GIFTS, ALTHOUGH SOME WERE PURCHASED AND CERTAIN OF THE COLLECTIONS WERE RECEIVED IN TRUST. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION AND EDUCATION AND IS PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED. EACH OF THESE ITEMS IS CATALOGUED, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS' INSURANCE-APPRAISED VALUE IS APPROXIMATELY $15,113,000. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS PERMITTED BY GAAP. PURCHASES OF COLLECTION ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS REDUCTIONS IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. NO COLLECTION ITEMS WERE DEACCESSIONED IN 2025 OR 2024.
PART III, LINE 4:	THE COLLEGE'S COLLECTIONS CONTAIN REGIONAL AND INTERNATIONAL WORKS OF ART, RARE BOOKS, CULTURAL OBJECTS, AND HISTORICAL OBJECTS. THEY ADVANCE THE INSTRUCTIONAL, ACADEMIC SUPPORT, AND PUBLIC SERVICE PURPOSES OF THE COLLEGE BY EXHIBITION AND USE BY FACULTY, STUDENTS, AND THE COMMUNITY, VIA LOCAL AND ONLINE ACCESS.
PART IV, LINE 2B:	FRANKLIN & MARSHALL HOSTS A NUMBER OF CUSTODIAL ACCOUNTS FOR WHICH THE COLLEGE ACTS AS THE AGENT. THESE FUNDS ARE PRIMARILY FEDERAL PERKINS LOAN FUNDS AS WELL AS FUNDS HELD FOR THE COLLEGE'S WHOLLY-OWNED SUBSIDIARY. THE AMOUNT REPORTED ON THE BALANCE SHEET ALSO INCLUDES FUNDS HELD FOR STUDENT ORGANIZATIONS SUCH AS GREEK LIFE.
PART V, LINE 4:	OF THE TOTAL ENDOWMENT, 37.2% IS INTENDED FOR STUDENT AID, 33.1% FOR GENERAL UNRESTRICTED PURPOSES, 13.0% FOR OPERATIONS AND MAINTENANCE, AND 16.7% FOR INSTRUCTION.
PART X, LINE 2:	UNDER PROVISIONS OF INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND THE APPLICABLE INCOME TAX REGULATIONS OF PENNSYLVANIA, THE COLLEGE IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. SINCE THE COLLEGE HAD NO MATERIAL NET UNRELATED BUSINESS INCOME DURING THE YEARS ENDED JUNE 30, 2025 AND 2024, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE COLLEGE DOES NOT BELIEVE THAT THERE ARE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR COSTS THAT SHOULD BE RECORDED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGES IN ANNUITY OBLIGATIONS -1,335,333. CHANGES IN CASH SURRENDER VALUE 21,134. CHANGES IN PLEDGE DISCOUNTS AND ALLOWANCES -1,612,920. CHANGE IN POST RETIREMENT BENEFIT OBLIGATION -107,474. DE-CONSOLIDATION OF ASE REVENUE 2,607,497. STUDENT FINANCIAL AID -63,503,000. INVESTMENT FEES -1,959,249. DIVESTITURE OF MILLPORT CONSERVANCY NET ASSETS -1,777,807. REVENUE NET WITH EXPENSES 182,744.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	RENTAL EXPENSE -630,800.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RENTAL EXPENSES 630,800. DE-CONSOLIDATION OF ASE EXPENSES 2,602,901. REVENUE NET WITH EXPENSES 182,744.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	STUDENT FINANCIAL AID 63,503,000. INVESTMENT FEES 1,959,249.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	THE COLLEGE COMPLIES WITH SECTION 4.03 BECAUSE A) STUDENTS ARE DRAWN FROM A LARGE DEMOGRAPHIC AREA, AND B) THE COLLEGE COMPLIES WITH SECTION 4.02 REQUIREMENTS.
SCHEDULE E, PART I, LINE 6	THE COMMONWEALTH OF PENNSYLVANIA ANNUALLY PROVIDES AN INSTITUTIONAL ASSISTANCE GRANT TO THOSE INSTITUTIONS THAT DO NOT RECEIVE FUNDING FROM THE STATE VIA BUDGET APPROPRIATION. THIS GRANT IS BASED ON THE TOTAL NUMBER OF STUDENTS RECEIVING STATE HIGHER EDUCATION GRANTS.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (26 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$2,341
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$26,771
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$2,688
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	PROGRAM SERVICES	ADMISSIONS RECRUITMENT	$3,962
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$1,331
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$80,500
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$118,167
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$20,635
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$3,166
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	STUDY ABROAD	$22,600
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	PROGRAM SERVICES	STUDY ABROAD	$83,765
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	PROGRAM SERVICES	STUDY ABROAD	$2,100,810
MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	PROGRAM SERVICES	STUDY ABROAD	$22,507
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	PROGRAM SERVICES	STUDY ABROAD	$72,087
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	PROGRAM SERVICES	STUDY ABROAD	$98,805
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	FINANCIAL AID		$294,416
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	FINANCIAL AID		$3,294,758
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	FINANCIAL AID		$2,148,179
MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	FINANCIAL AID		$615,852
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	FINANCIAL AID		$47,500
RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	FINANCIAL AID		$852,024
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	FINANCIAL AID		$407,329
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	FINANCIAL AID		$2,201,149
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	FINANCIAL AID		$1,319,618
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	INVESTMENTS		$15,622,672
SOUTH AMERICA	PROGRAM SERVICES	CONF/RESEARCH/TRAVEL	$7,176

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$256,395	SubtotalSpentAmt
Continuation Spent	$29,214,413	ContinuationSpentAmt
Total Spent	$29,470,808	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (17 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
STUDENT SCHOLARSHIPS	CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	4	$291,416	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	70	$3,167,858	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU	31	$2,080,679	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	8	$593,352	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	2	$47,500	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	11	$823,524	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	5	$392,329	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	39	$2,120,149	REDUCTION TO TUITION AND FEES	BOOK
STUDENT SCHOLARSHIPS	SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	16	$1,271,618	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	44	$126,900	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU	23	$67,500	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	8	$22,500	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,	5	$15,000	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,	27	$81,000	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	16	$48,000	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,	10	$28,500	REDUCTION TO TUITION AND FEES	BOOK
STUDENT LOANS	CENTRAL AMERICA AND THE CARIBBEAN	1	$3,000	REDUCTION TO TUITION AND FEES	BOOK

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	STUDENT SCHOLARSHIPS AND LOANS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. TRAVEL AND STUDENT RESEARCH GRANTS REQUIRE SUBSTANTIATION.
SCHEDULE F, PART IV:	THE ORGANIZATION HAS INVESTMENTS IN VARIOUS FOREIGN-DOMICILED ENTITIES, INCLUDING BOTH CORPORATIONS AND PARTNERSHIPS. THEY HAVE AN INVESTMENT IN A FOREIGN ORGANIZATION OVER WHICH THEY HAVE CONTROL AND FOR WHICH THEY FILE A FORM 5471. THEY MAY HAVE TRANSFERS WHICH EXCEED THE THRESHOLD FOR FILING FORMS 926 AND 8865. IF SO, THE NECESSARY FORMS WILL BE ATTACHED TO THIS RETURN.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
FULTON THEATRE
PO BOX 1865	LANCASTER	PA	176081865	231631733	501(C)(3)	$10,000	$0	STAGE PRODUCTIONS
LANCASTER CITY ALLIANCE
354 N PRINCE STREET	LANCASTER	PA	176033085	463353021	501(C)(3)	$120,000	$0	LANCASTER CITY EDP
LANCASTER GENERAL HEALTH FOUNDATION
609 N CHERRY ST	LANCASTER	PA	176022201	231365353	501(C)(3)	$10,000	$0	GENERAL SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
PRIZES AND AWARDS	808	$252,267	$32,868	COST	NON-CASH PRIZES
STUDENT RESEARCH AND TRAVEL GRANTS	50	$35,182	$302	COST	SUPPLIES, TRAVEL EXPENSE
STUDENT SCHOLARSHIPS	1303		$52,671,514	COST	TUITION REDUCTIONS

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	STUDENT SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. TRAVEL AND STUDENT RESEARCH GRANTS REQUIRE SUBSTANTIATION. ALL GRANTS TO OTHER ORGANIZATIONS ARE REVIEWED BY THE COLLEGE TO DETERMINE THAT THE RECIPIENT'S MISSION ALIGNS WITH THAT OF THE COLLEGE. COLLEGE POLICY STRICTLY PROHIBITS CONTRIBUTIONS TO POLITICAL ORGANIZATIONS OR EVENTS.
PART III: ACCOUNTING FOR CASH AND NONCASH ASSISTANCE:	PAYMENTS/REIMBURSEMENTS DIRECTLY TO RECIPIENTS ARE CONSIDERED CASH ASSISTANCE. PAYMENTS TO VENDORS ON BEHALF OF RECIPIENTS OR THE PURCHASE OF NONCASH ITEMS TO BE GIVEN TO RECIPIENTS ARE CONSIDERED NONCASH ASSISTANCE.
PART III, COLUMN B: NUMBER OF RECIPIENTS	THE NUMBER OF RECIPIENTS FOR STUDENT SCHOLARSHIPS IS BASED ON FINANCIAL AID RECORDS OF RECIPIENTS. THE NUMBER OF RECIPIENTS FOR PRIZES AND AWARDS IS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH PRIZES/AWARDS), AND THE NUMBER OF RECIPIENTS BENEFITTED OR NUMBER OF ITEMS PURCHASED (NONCASH PRIZES/AWARDS). THE NUMBER OF RECIPIENTS FOR STUDENT RESEARCH AND TRAVEL GRANTS IS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH GRANTS), AND/OR THE NUMBER OF RESEARCH PROJECTS FUNDED (CASH AND NONCASH GRANTS).

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BARBARA K ALTMANN PHD
PRESIDENT	$192,777	$0	$0	$0	$530,334	$0	$239,400	$0	$43,884	$0	$1,006,395	$0	$350,000	$0
SHAWN P CURTIN
VP FINANCE & ADMINISTRATION	$312,932	$0	$0	$0	$966	$0	$32,987	$0	$26,995	$0	$373,880	$0	$0	$0
MARY OSIRIM
INTERIM PROVOST & DEAN OF FACULTY	$310,898	$0	$0	$0	$8,652	$0	$31,576	$0	$16,949	$0	$368,075	$0	$0	$0
CYNTHIA GORMAN
VP FOR COLLEGE ADVANCEMENT	$306,659	$0	$0	$0	$2,772	$0	$31,059	$0	$10,937	$0	$351,427	$0	$0	$0
VALERIE L DEXTER
VP LEGAL AFFAIRS & GEN. COUNSEL	$285,058	$0	$0	$0	$630	$0	$29,040	$0	$6,742	$0	$321,470	$0	$0	$0
M LESLIE DAVIDSON
VP FOR ENROLLMENT MANAGEMENT	$240,213	$0	$0	$0	$15,876	$0	$24,500	$0	$16,743	$0	$297,332	$0	$0	$0
ANDREW STELLJES
VP & DEAN OF STUDENT AFFAIRS	$225,392	$0	$0	$0	$541	$0	$23,345	$0	$26,506	$0	$275,784	$0	$0	$0
BARBARA S STAMBAUGH
VP FOR COMMUNICATIONS	$218,873	$0	$0	$0	$2,241	$0	$22,176	$0	$10,791	$0	$254,081	$0	$0	$0
CARRIE E RAMPP
VP & CHIEF INFORMATION OFFICER	$213,154	$0	$0	$0	$768	$0	$21,859	$0	$16,870	$0	$252,651	$0	$0	$0
GRETCHEL L HATHAWAY
VP FOR COMMUNITY & BELONGING	$206,910	$0	$0	$0	$3,909	$0	$21,088	$0	$10,661	$0	$242,568	$0	$0	$0
ALAN CANIGLIA
VP INST'L RES. & CHIEF STRAT. OFF.	$198,524	$0	$0	$0	$4,009	$0	$20,644	$0	$16,403	$0	$239,580	$0	$0	$0
ALAN S GLAZER
PROFESSOR OF BUSINESS	$185,486	$0	$0	$0	$0	$0	$18,837	$0	$9,831	$0	$214,154	$0	$0	$0
FREDERICK D BROWN
GIFT OFFICER & DIR. SPECIAL PROJECTS	$160,988	$0	$0	$0	$258	$0	$17,107	$0	$26,045	$0	$204,398	$0	$0	$0
LAUREN M PACKER
DIRECTOR, ATHLETICS & RECREATION	$159,987	$0	$0	$0	$60	$0	$16,685	$0	$26,562	$0	$203,294	$0	$0	$0
SEAN GALLOWAY
AVP FINANCE AND CONTROLLER	$170,291	$0	$0	$0	$60	$0	$17,255	$0	$10,374	$0	$197,980	$0	$0	$0
MELANIE A DESANTIS
AVP HUMAN RESOURCES	$177,580	$0	$0	$0	$258	$0	$17,762	$0	$743	$0	$196,343	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 1A

PRESIDENT - COLLEGE OWNED PROPERTY HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE AND IS A CONDITION OF EMPLOYMENT. CUSTODIAL SERVICES ARE PROVIDED TO MAINTAIN AND REFRESH THE PROPERTY FOR COLLEGE EVENTS AND ACTIVITIES HELD AT THE RESIDENCE. THE HOUSING AND CUSTODIAL SERVICES ARE NOT INCLUDED IN TAXABLE COMPENSATION. THE COLLEGE REIMBURSES BUSINESS EXPENSES. THESE REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. A COLLEGE LEASED VEHICLE IS PROVIDED FOR TRAVEL RELATED ACTIVITIES. THE VEHICLE IS USED ONLY FOR BUSINESS PURPOSES.

PART I, LINE 4B

BARBARA ALTMANN, AS PRESIDENT OF THE COLLEGE, PARTICIPATED IN A 459(F) PLAN. THE ORGANIZATION MADE A CONTRIBUTION TO THE PLAN DURING THE FISCAL YEAR OF $175,000. ALL DEFERRED COMPENSATION VESTED ON JULY 11,2025.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
LANCASTER HIGHER EDUCATION AUTHORITY
A	232224897	2016-01-27	$70,000,000	REFINANCE 5/1/2006 ISSUE AND FINANCING NEW STADIUM	0	0	0
LANCASTER HIGHER EDUCATION AUTHORITY
B	232224897	2016-09-22	$32,830,000	REFINANCE 6/19/2008 BOND ISSUE	Yes (1)	0	0
LANCASTER HIGHER EDUCATION AUTHORITY
C	232224897	2018-01-17	$25,000,000	FINANCE APPROVED CAPITAL PROJECT	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Bond DefeasedBondDefeasedAmt	UnspentUnspentAmt
A	$20,405,000	$70,000,000	$527,626	$159,025	$19,382,409	$50,000,000	2019	Yes (1)	0	Yes (1)	Yes (1)
B	$6,125,000	$32,830,000		$164,165			2017	0	Yes (1)	Yes (1)	Yes (1)	$30,000,000	$7,147
C	$14,045,000	$25,000,000		$150,223	$24,849,777		2020	0	0	Yes (1)	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	Yes (1)	Yes (1)	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Rebate Not Due YetRebateNotDueYetInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	Yes (1)	Yes (1)
B	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	11	ContributionCnt
Noncash Contributions Rpt F990	$1,074,158	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	61	ContributionCnt
Noncash Contributions Rpt F990	$698,313	NoncashContributionsRptF990Amt
Method Of Determining Revenues	NYSE	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	EVENT EXPENSE	6	$8,113	PURCHASE PRICE
Yes (X)	COLLECTIBLES	7	$8	PURCHASE PRICE

Field	Value	IRS element (for citing)
Form8283 Received	3	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (1)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, COLUMN (B):	THE NUMBER OF CONTRIBUTIONS IN COLUMN B REPRESENTS THE FOLLOWING: THE NUMBER FOR ART OBJECTS REPRESENTS OBJECTS RECEIVED. THE EVENT EXPENSE REPRESENTS THE NUMBER OF EVENTS SUPPORTED. THE NUMBER OF STOCK GIFTS REPRESENTS INDIVIDUAL STOCK GIFTS. THE NUMBER FOR COLLECTIBLES REPRESENTS THE NUMBER OF CONTRIBUTORS.
PART I, LINE 32B:	DURING ACCESSION AND DEACCESSION OF COLLECTION ITEMS, APPRAISERS AND AUCTION SERVICES MAY BE USED.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1A	THE COLLEGE HAS AN EXECUTIVE COMMITTEE WHICH IS AUTHORIZED TO ACT IN PLACE OF THE FULL BOARD AT ALL TIMES. THE COMMITTEE IS COMPOSED OF 11 MEMBERS OF THE BOARD, INCLUDING THE PRESIDENT, DURING THE FISCAL YEAR.
FORM 990, PART VI, SECTION B, LINE 11B	MANAGEMENT ASSEMBLES ALL DATA NECESSARY TO COMPLETE THE FORM 990 AND ENLISTS AN OUTSIDE PUBLIC ACCOUNTING FIRM TO PREPARE AND REVIEW THE FORM. AN INTERNAL REVIEW BY THE FINANCE ADMINISTRATION IS PERFORMED ONCE THE ACCOUNTING FIRM COMPLETES ITS WORK. THE AUDIT COMMITTEE NEXT REVIEWS THE RETURN, AND ALL COMMENTS ARE ADDRESSED TO AND ANSWERED BY BOTH THE PUBLIC ACCOUNTING FIRM AND INTERNAL PERPARERS. ONCE ALL EXTERNAL AND INTERNAL REVIEW IS COMPLETE, A COPY OF THE FORM 990 IS SUPPLIED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE RETURN'S FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS CIRCULATED TO OFFICERS AND TRUSTEES ANNUALLY, REQUESTING A DECLARATION AND EXPLANATION OF POTENTIAL CONFLICTS WITH PROFESSIONAL AND OTHER DUTIES, INCLUDING MEMBERSHIP ON OTHER BOARDS. THE EXECUTIVE COMMITTEE OF THE BOARD MONITORS THE POLICY THROUGH THIS ANNUAL PROCESS. OFFICERS AND TRUSTEES CANNOT PARTICIPATE IN DELIBERATIONS OR ACTIONS BY THE COLLEGE WITH RESPECT TO ANY PROPOSED TRANSACTION OR RELATIONSHIP WITH RESPECT TO WHICH THE TRUSTEE OR OFFICER HAS A FINANCIAL INTEREST OR OTHER CONFLICT OF INTERETS. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE CONFLICT OF INTEREST POLICY AS BEING POSSIBLE SOURCES OF CONFLICTS.
FORM 990, PART VI, SECTION B, LINE 15	EACH YEAR, PERFORMANCE REVIEWS ARE CONDUCTED BETWEEN FEBRUARY AND MAY FOR SENIOR OFFICERS (PRESIDENT, VICE PRESIDENTS, PROVOST, AND DEAN OF THE COLLEGE). INDEPENDENTLY - GATHERED COMPARISON COMPENSATION DATA IS REVIEWED BY THE COMPENSATION COMMITTEE, AND EXECUTIVE COMPENSATION DETERMINATIONS ARE MADE BY THE COMMITTEE BASED ON PERFORMANCE AND BENCHMARK DATA THAT MAINTAIN EXECUTIVE COMPENSATION WITHIN FAIR MARKET RANGE FOR HIGHER EDUCATION. COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE COMMITTEE'S MEETING MINUTES.
FORM 990, PART VI, SECTION C, LINE 19	THE COLLEGE'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGES IN ANNUITY OBLIGATIONS -1,335,333. CHANGE IN CASH SURRENDER VALUE 21,134. CHANGES TO POST-RETIREMENT BENEFITS -107,474. GROSS UP TO CONTRIBUTIONS FOR CHANGES TO DISCOUNTS AND ALLOWANCE -1,612,920. ADVANCED STUDIES IN ENGLAND NET ACTIVITY 4,599. DIVESTITURE OF MILLPORT CONSERVANCY -1,777,805.

Schedule R IRS990ScheduleR

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	NW GATEWAY PROJECT	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3003	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17604	ZIPCd

Field	Value	IRS element (for citing)
EIN	611625128	EIN
Primary Activities	LAND ACQUISITION	PrimaryActivitiesTxt
Legal Domicile State	PA	LegalDomicileStateCd
Direct Controlling NA	N/A	DirectControllingNACd
Predominant Income Type	EXCLUDED	PredominantIncomeTypeTxt
Share Of EOY Assets	$15,806,187	ShareOfEOYAssetsAmt
Disproportionate Allocations	0	DisproportionateAllocationsInd
General Or Managing Partner	Yes (1)	GeneralOrManagingPartnerInd
Ownership	0.50000	OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (17 entries)

Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Address Line1ForeignAddress/AddressLine1Txt	Province Or StateForeignAddress/ProvinceOrStateNm	CountryForeignAddress/CountryCd	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Direct Controlling NADirectControllingNACd
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	MT	FRANKLIN AND MARSHALL COLLEGE	T	0
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	DE	FRANKLIN AND MARSHALL COLLEGE	T	0
FOX ADELE W (CHARIT)
INVESTMENTS	PA	WILMINGTON TRUST COMPANY	T	0	C/O WILMINGTON TRUST INVESTMENT GRO	BUFFALO	NY	14240	256859971	$122,217	$1,411,581	0.76000
SPLIT INTEREST TRUST (1)
INVESTMENTS	VA	FRANKLIN AND MARSHALL COLLEGE	T	0
FRENCH MARION T
INVESTMENTS	PA	FULTON FINANCIAL ADVISORS	T	0	C/O FULTON FINANCIAL ADVISORS ONE P	LANCASTER	PA	19604	311604263	$17,796	$362,508	1.00000
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	FL	PNC BANK	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	TX	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	FL	FRANKLIN AND MARSHALL COLLEGE	T	0
CHARITABLE REMAINDER UNITRUST (1)
INVESTMENTS	PA	MORGAN STANLEYSMITH BARNEY	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	MN	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (3)
INVESTMENTS	NJ	FRANKLIN AND MARSHALL COLLEGE	T	0
WALTERS ART
INVESTMENTS	PA	PNC WEALTH MGT	T	0	PNC WEALTH MGMT 101 NORTH POINTE BL	LANCASTER	PA	17601	566624021	$288,149	$7,445,789	1.00000
ADVANCED STUDIES IN ENGLAND LTD
STUDY ABROAD			C	0						$4,598	$3,498,518	1.00000	2 PIERREPONT STREET	BATH	UK	UK	N/A
SPLIT INTEREST TRUST (1)
INVESTMENTS	NC	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	WA	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (23)
INVESTMENTS	PA	FRANKLIN AND MARSHALL COLLEGE	T	0
SPLIT INTEREST TRUST (1)
INVESTMENTS	NJ	FRANKLIN AND MARSHALL COLLEGE	T	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	ADVANCED STUDIES IN ENGLAND LTD	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	R	TransactionTypeTxt
Involved	$1,636,433	InvolvedAmt
Method Of Amount Determination	COST	MethodOfAmountDeterminationTxt