2024-05-15T10:07:10-07:00 2023-06-30 990 2022-07-01 150532200 TRUSTEES OF HAMILTON COLLEGE TRUS 3158594011 198 College Hill Rd Clinton NY 13323 Karen Leach VP, Administration & Finance 3158594524 2024-05-15 Karen Leach 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z David Wippman 198 College Hill Rd Clinton NY 13323 289470501 0 X www.hamilton.edu X 1812 NY Hamilton College prepares students for lives of meaning, purpose, and active citizenship. Guided by the motto "Know Thyself," the College emphasizes intellectual growth, flexibility, and collaboration in a residential academic community. Hamilton students learn to think independently, embrace difference, write and speak persuasively, and engage issues ethically and creatively. One of America's first liberal arts colleges, Hamilton enables its students to effect positive change in the world. 40 39 2495 927 43401 0 34388633 33100081 151083424 157511305 91076408 33174517 91896 117994 276640361 223903897 51587235 52406824 0 0 84738961 92620063 0 0 7015832 82879241 86624149 219205437 231651036 57434924 -7747139 1694478041 1710788338 202100041 198537338 1492378000 1512251000 A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 2,000 students, representing 48 states and 56 countries, and offers 57 areas of study in the liberal arts, science, and mathematics. Hamilton also offers pre-professional/cooperative programs in business, education, engineering, law, and medicine, and the opportunity to study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also sponsors 29 varsity athletic programs affiliated with the NCAA Division III, in addition to many club and intramural sports offerings. More than 125 other student clubs and organizations in a variety of interests and disciplines help to further enrich student development. 0 0 189727377 52404324 157511305 Providing a liberal arts education to approximately 1927 undergraduate students, Hamilton College is committed to its tradition of being a school of opportunity and provides financial aid packages to approximately 50% of its students. The College's full time faculty was 199 and most hold the highest obtainable degree in their field. Summer recreation programs that provide opportunities for children and students to participate in team and individual sports and develop character and sportsmanship. 0 0 0 189727377 1 1 0 1 0 1 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 3167 0 1 2495 1 1 1 1 CH FR SP 0 0 0 0 0 0 0 0 1 1 X 40 39 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Hamilton College Business Office 3158594313 198 College Hill Rd Clinton NY 13323 Lauren K Jacobson Chief Investment Officer 40 X 516139 0 649960 David Wippman President 40 X X 674840 0 343496 Alexander B Doucette Director of Investments 40 X 521751 0 53847 Sara T Orr Director of Investments 40 X 464045 0 33462 Karen L Leach VP Admin & Finance 40 X 377699 0 118198 Monica C Inzer VP Enrollment Management 40 X 309024 0 112167 Lori R Dennison VP Comm & Development 40 X 327357 0 83829 Melissa F Richards VP Communications 40 X 233633 0 62008 Frank M Anechiario Professor 40 X 260741 0 33895 Spencer Polaske Director of Investments 40 X 237176 0 41346 Barbara J Tewksbury Professor 40 X 239543 0 33053 Joseph M Shelley VP for Library and Information Technology 40 X 234048 0 26174 Gillian M King Chief of Staff and Secretary 40 X 200531 0 28906 Margaret Gentry Professor, former key employee (ended 6/30/18) 40 X 192977 0 27846 Suzanne P Keen VP Academic Affairs 40 X 155838 0 52152 Ngonidzashe Munemo VP Academic Affiars 40 X 152976 0 30213 Aditya Bhasin Trustee 2 X 0 0 0 Alexander C Sacerdote Trustee 3 X 0 0 0 Amy Owens Goodfriend Trustee 2 X 0 0 0 Aron J Ain Trustee 2 X 0 0 0 Betsy G Bacot Trustee 2 X 0 0 0 Carol T Friscia Trustee 2 X 0 0 0 Christopher P Marshall Trustee 2 X 0 0 0 Daniel Fielding Trustee 2 X 0 0 0 Daniel I Rifkin Trustee 2 X 0 0 0 Daniel T Nye Trustee 2 X 0 0 0 David M Solomon Chair 5 X X 0 0 0 David P Hess Trustee 2 X 0 0 0 Eric F Grossman Trustee 2 X 0 0 0 Gregory T Hoogkamp Trustee 2 X 0 0 0 Imad I Qasim Trustee 2 X 0 0 0 Jack R Selby Trustee 2 X 0 0 0 John F Hadity Trustee 2 X 0 0 0 Julia K Cowles Trustee 2 X 0 0 0 Kathleen Corsi Trustee 2 X 0 0 0 Lea Haber Kuck Trustee 2 X 0 0 0 Linda E Johnson Vice Chair 5 X X 0 0 0 Lindsey L Rotolo Trustee 2 X 0 0 0 Manal Ataya Trustee 2 X 0 0 0 Marc Randolph Trustee 2 X 0 0 0 Mark T Fedorcik Trustee 2 X 0 0 0 Mason P Ashe Trustee 2 X 0 0 0 Monique Holloway Trustee 2 X 0 0 0 Montgomery G Pooley Trustee 2 X 0 0 0 Nancy Roob Trustee 2 X 0 0 0 Peter B Coffin Trustee 2 X 0 0 0 Philip L Hawkins Trustee 2 X 0 0 0 Phyllis A Breland Trustee 2 X 0 0 0 R Christopher Regan Trustee 2 X 0 0 0 Richard Bernstein Trustee 3 X 0 0 0 Robert S Morris Trustee 2 X 0 0 0 Robert V Delaney Jr Vice Chair 5 X X 0 0 0 Ronald R Pressman Trustee 2 X 0 0 0 Sharon D Madison Trustee 2 X 0 0 0 Sharon S Walker Trustee 2 X 0 0 0 5098318 0 1730552 193 1 1 0 Bond Schoeneck & King PLLC One Lincoln Center Syracuse NY 13202 Legal Services 430023 KPMG LLP 300 Tice Boulevard Woodcliff Lake NJ 07677 Accounting Services 408795 David Barrett Partners LLC 230 Park Ave 3rd Floor New York NY 10169 Professional Fees Search Firm 400000 Ocean Prime LLC 1 West Street New York NY 10004 Rent 393872 Taylor Rental Center 3131 Erie Boulevard East Syracuse NY 13214 Rental of Equipment 386192 100 0 0 0 0 8201081 24899000 2919753 33100081 Tuition and Fees 611310 123897704 123897704 0 0 Room & Board 611310 30165403 30165403 0 0 Auxiliary Operations 611310 623730 623730 0 0 Application Fees 611310 203612 203612 0 0 2620856 2560358 60498 0 157511305 13692893 0 -17097 13709990 0 0 0 0 0 0 0 0 304222 0 186228 0 117994 0 117994 0 0 117994 84862000 0 65380376 0 19481624 0 19481624 0 0 19481624 0 0 223903897 157450807 43401 33309608 74250 74250 50119209 50119209 2213365 2213365 0 0 3792644 463237 2927943 401464 0 0 0 0 68035814 58564883 5615577 3855354 5498037 4700721 492549 304767 9983120 8358537 1074844 549739 5310448 4384583 614978 310887 0 0 0 0 472393 21837 416491 34065 546034 40130 505904 0 1194 0 1194 0 0 0 12622893 0 12622893 0 7732170 3855633 3702166 174371 500582 376813 123769 0 9949959 8019170 1715049 215740 3062045 1684125 1377920 0 0 0 0 0 5329036 5185152 106581 37303 7512828 6393104 935452 184272 0 0 0 0 465126 253522 208504 3100 7166738 6808401 358337 0 0 0 0 0 17347000 16895978 277552 173470 1574697 9371 1565326 0 Food Service 7656936 7656936 0 0 Special Programs and Events 1042273 227572 51503 763198 Prizes and Awards 1325402 1325402 0 0 Resident Advisor Room Charges 608300 608300 0 0 1708543 1487146 213295 8102 231651036 189727377 34907827 7015832 43134358 54491551 22176250 20565770 1695356 3314444 780927 819482 2999197 3538935 608887937 336975872 258863178 271912065 479414920 590254279 846120080 744166094 32472103 16011041 6821672 5714677 1694478041 1710788338 11451270 12149380 63579869 62582911 100623017 100649283 26445885 23155764 202100041 198537338 X 351121000 356726000 1141257000 1155525000 1492378000 1512251000 1694478041 1710788338 X -7747139 24970139 0 0 0 2650000 X 0 1 X 1 1 1 X 26348000 35796951 60690458 34388633 33100081 190324123 0 0 0 0 26348000 35796951 60690458 34388633 33100081 190324123 21949707 168374416 3004145 11204534 10743693 2709228 14014212 41675812 3002387 6584078 0 9586465 241586400 711242401 0.69695 0.72205 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1194 1194 0 Schedule C, Part II-B, Line 1 The College pays membership dues to the National Association of Independent Colleges and Universities. Approximately 8% of our annual dues is attributed to lobbying activities. 14 15 174174 0 375861 185139 2049262 2979732 1 1 1514325 13872317 0 0 X X X X Teaching 0 1275562180 16892000 57194487 22973106 30534894 13737667 1282403000 1411536349 23274831 -103621409 19769757 26048243 9809591 1275562180 1020321000 44748349 401883304 18516311 25533689 11366304 1411536349 969362000 30951000 72919300 17969100 24528900 10413300 1020321000 964169595 10806000 41791175 16429800 24106200 6868770 969362000 0.18 0.81 0.01 1 0 0 41267412 41267412 0 420634890 259703197 160931693 0 0 0 0 0 103732617 76542770 27189847 0 43253018 729905 42523113 271912065 Hedge Funds 247758710 F Private Equity 409486947 F Real Estate 33054328 F Energy 51202680 F Faculty Mortgages 2663429 F 744166094 0 Annuity Payable 14736357 Donor Advised Funds 2979732 Deposits and Advances 2059036 Asset Retirement Obligation 1916196 Post Retirement Benefit Obligations 1464443 23155764 X 236436608 24969376 0 0 0 24969376 211467232 12622893 -186228 12436665 223903897 219214371 0 0 0 0 0 219214371 12622893 -186228 12436665 231651036 Schedule D, Part III, Line 4 While the ultimate purpose of the Museum is to increase the educational scope and opportunity for appreciation of the fine arts by Hamilton's students, it also seeks to enrich campus cultural life in general, as well as contribute to the cultural enrichment of the surrounding community. The collection includes more than 4,000 works of art, with strengths in American prints and works on paper, British art of the 20th century, ancient vases and glass, and Native American and Pre-Columbian art. Schedule D, Part V, Line 4 Endowment funds are used largely for scholarships, professorships and other academic programs of the College including support for the library, research activities, and internship support for students. Schedule D, Part X, Line 2 The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 4b Rental expenses Schedule D, Part XII, Line 4b Rental expenses 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College complies with all relevant state and federal laws on non-discrimination. The Senior Associate Dean of Students is responsible for coordinating the College's efforts to comply with Title IX of the Education Amendment of 1972, as well as its procedures for dealing with harassment on the basis of age, gender or gender identity, race, color, national origin, sexual and affectional orientation/association, military or veteran status, marital status, mental/physical disability, genetic information, ethnic origin, religion, or any other characteristic protected by law. The Associate Dean of Students for Multicultural Affairs and Accessibility Services oversees compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act for students. The College's nondiscrimination policy is stated on its website and included in its employee and student handbooks and in employment advertising. Schedule E, Part I, Line 6 The College receives federal funding from the SEOG, Pell and federal work study programs for scholarship aid to students. We also receive funding from the NYS Higher Education Opportunity Program and NYS Aid to Private Colleges. 1 Central America and the Caribbean Investments Endowment Investments 632429596 Europe (including Iceland and Greenland) Investments Endowment Investments 4894954 Europe (including Iceland and Greenland) 2 6 Program Services Hamilton Study Abroad 1938259 East Asia and the Pacific 1 1 Program Services Hamilton Study Abroad 79335 Central America and the Caribbean Program Services Research activities 10149 East Asia and the Pacific Program Services Research activities 165264 Europe (including Iceland and Greenland) Program Services Research activities 191351 Middle East and North Africa Program Services Research activities 27513 North America (including Canada and Mexico, but not the United States) Program Services Research activities 109201 Russia and the newly independent States Program Services Research activities 6189 South America Program Services Research activities 72094 South Asia Program Services Research activities 40666 Sub-Saharan Africa Program Services Research activities 58636 Central America and the Caribbean Grantmaking Financial aid while studying abroad 30854 Europe (including Iceland and Greenland) Grantmaking Financial aid while studying abroad 1753285 East Asia and the Pacific Grantmaking Financial aid while studying abroad 271167 Middle East and North Africa Grantmaking Financial aid while studying abroad 5095 North America (including Canada and Mexico, but not the United States) Grantmaking Financial aid while studying abroad 43833 South America Grantmaking Financial aid while studying abroad 51716 South Asia Grantmaking Financial aid while studying abroad 57415 3 7 642236572 Financial aid while studying abroad Europe (including Iceland and Greenland) 93 1753285 Check Financial aid while studying abroad East Asia and the Pacific 15 271167 Check Financial aid while studying abroad South Asia 2 57415 Check Financial aid while studying abroad South America 4 51716 Check Financial aid while studying abroad North America (including Canada and Mexico, but not the United States) 1 43833 Check Financial aid while studying abroad Central America and the Caribbean 2 30854 Check Financial aid while studying abroad Middle East and North Africa 2 5095 Check 1 0 1 1 1 1 Schedule F, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide the College with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student and credited directly to the student's account. Schedule F, Part I, Line 3 All expenses and grants listed in Part I are based upon the accrual method of accounting. 1 Clinton Central School 75 Chenango Ave Clinton NY 13323 156002171 Governmental 24000 Town Gown Grant to support local school. Clinton Central School Foundation 75 Chenango Ave Clinton NY 13323 161413396 501(c)(3) 15000 Town Gown Grant to support local school activities. Kirkland Town Library 55 1/2 College Drive Clinton NY 13323 150543588 501(c)(3) 10000 Town Gown Grant to support local library. Clinton Historical Society PO Box 42 Clinton NY 13323 161082669 501(c)(3) 8750 Town Gown Grant to support local historical society. Country Pantry PO Box 76 Clinton NY 13323 843400043 501(c)(3) 7500 Town Gown Grant to support the local pantry. Clinton Fire Dept PO Box 134 Clinton NY 13323 300504957 Governmental 6500 Town Gown Grant to support local fire department. 6 0 College Funded Scholarships 489 30226945 Special Scholarships 231 11477018 General Scholarships 139 6931861 Higher Education Emergency Relief Fund 2 1650 Prizes and Awards 14 719455 Federal Grants 64 250000 NYS TAP 10 510630 Schedule I, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs in the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide the College with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student and credited directly to the student's account. X X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 David Wippman President 658482 0 0 0 16358 0 231215 0 112281 0 1018336 0 0 0 Alexander B Doucette Director of Investments 296528 0 225000 0 223 0 30500 0 23347 0 575598 0 0 0 Lauren K Jacobson Chief Investment Officer 98486 0 417423 0 230 0 648391 0 1569 0 1166099 0 0 0 Sara T Orr Director of Investments 213338 0 250000 0 707 0 30500 0 2962 0 497507 0 0 0 Karen L Leach VP Admin & Finance 364023 0 0 0 13676 0 92618 0 25580 0 495897 0 0 0 Lori R Dennison VP Comm & Development 316828 0 0 0 10529 0 30500 0 53329 0 411186 0 0 0 Monica C Inzer VP Enrollment Management 298934 0 0 0 10090 0 79494 0 32672 0 421190 0 0 0 Frank M Anechiario Professor 258231 0 0 0 2509 0 25950 0 7945 0 294635 0 0 0 Barbara J Tewksbury Professor 237985 0 0 0 1557 0 24146 0 8907 0 272595 0 0 0 Spencer Polaske Director of Investments 237061 0 0 0 115 0 24417 0 16930 0 278523 0 0 0 Joseph M Shelley VP for Library and Information Technology 232828 0 0 0 1220 0 23414 0 2760 0 260222 0 0 0 Melissa F Richards VP Communications 233101 0 0 0 533 0 24282 0 37725 0 295641 0 0 0 Gillian M King Chief of Staff and Secretary 199332 0 0 0 1200 0 20150 0 8756 0 229438 0 0 0 Margaret Gentry Professor, former key employee (ended 6/30/18) 190295 0 0 0 2682 0 19240 0 8606 0 220823 0 0 0 Suzanne P Keen VP Academic Affairs 155198 0 0 0 640 0 15995 0 36157 0 207990 0 0 0 Ngonidzashe Munemo VP Academic Affiars 152756 0 0 0 221 0 0 0 30213 0 183190 0 0 0 Schedule J, Part I, Line 1a The College requires that the President, the VP for Academic Affairs and the VP for Student Affairs reside on campus as a condition of their employment; therefore, College owned housing is provided for them. In addition, the College pays for reasonable costs of housekeeping to maintain the president's residence. Business class air travel is allowed for members of senior staff only when the travel is overseas or cross-continental. The cost of travel for a companion is allowed for the president only. Other services provided to the president include payment for membership in one club in Manhattan, such as the Princeton Club or the University Club, for the purpose of meeting with College constituents, sponsoring College events and otherwise conducting College business. Because these benefits are nontaxable, they are not included in the employees' Form W-2. However, they are included in Part II, column D of Schedule J. Schedule J, Part I, Line 7 A contractual bonus is paid to the Chief Investment Officer. A discretionary bonus is paid to the Directors of Investments as determined by the CIO and Chair of the Investment Committee based on their performance. A Oneida County Local Development Corporation Series 2013 273190422 682440AT9 2013-07-02 23886715 Complete construction of theater /studio arts building, renovate Minor Theater into a dormitory 0 0 0 B Oneida County Local Development Corporation Series 2021 273190422 682440CN0 2021-02-18 46607521 Major renovations of campus buildings and refunding Series 2002 Bonds 0 0 0 A 3995000 0 23899197 0 0 0 268037 0 0 23631160 0 0 2015 0 0 1 1 B 0 0 47343466 0 0 0 463379 0 0 325963 33845757 12004333 1 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0.028 0.028 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part II, Line 3-07/02/2013 23,886,715 Oneida County Local Development Corporation The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings. Schedule K, Part II, Line 3-02/18/2021 46,607,521 Oneida County Local Development The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings. Schedule K, Part IV, Line 2c-07/02/2013 23,886,715 Oneida County Local Development Corporation The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed on July 5, 2023. Schedule K, Part IV, Line 2c-02/18/2021 46,607,521 Oneida County Local Development The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed on March 10, 2023. James G King Husband of key employee 100700 Assoc Professor of Physical Education 0 X 5 1476500 Appraisal X 1 37825 Appraisal X 72 1405428 Stock Exchange 3 0 1 0 Schedule M, Part I Donations are reported based on the number of contributions received in Part I, column (b). Schedule M, Part I, Line 32b College policy stipulates that gifts of securities are to be sold upon receipt. Investment firms are used to sell securities received as contributions. Form 990, Part VI, Section A, Line 4 Made updates to the Committee on the Audit responsibility. The wording was changed from financial risk assessment and financial risk management to enterprise risk assessment and enterprise risk management. The following sentence was added: "The Audit Committee shall also be responsible for oversight and administration of the College's Conflict of Interest Policy for Trustees, Officers and Key Persons." Form 990, Part VI, Section B, Line 11b Form 990 was reviewed by the Audit Committee, a six member committee of the Board of Trustees. A copy was made available to all remaining Trustees before filing with the IRS. Form 990, Part VI, Section B, Line 12c Officers, trustees and key employees are required to complete a questionnaire regarding potential conflicts of interest on an annual basis. The questionnaires are reviewed by the Vice President for Administration and Finance and appropriate action is taken if necessary. The statements are maintained electronically on College premises. Form 990, Part VI, Section B, Line 15 The process for determining compensation for the President and Senior Officers of the College meets the three requirements of the rebuttable presumption provisions under Treas. Reg. 53.4958-6. The Senior Officers of the College include the Vice Presidents of Administration and Finance, Academic Affairs, Admissions and Financial Aid, Communications and development, LITS, Chief Investment Officer, and Chief of Staff and Secretary to the Board of Trustees. An annual review of comparability data from a national survey and a survey of 25 comparable schools, as well as a review of the Form 990 of other organizations is used to inform decisions. This information is reviewed by the Executive Compensation Sub-Committee of the Board, consisting of the Board Chair, Vice Chair, and the Chairs of the Budget and Finance Committee and the Audit Committee, who make a recommendation to the Board for approval. The Committee members are independent of management and free of any conflicts that would impair their judgment. Finally, the Executive Compensation Sub-Committee timely and thoroughly documents its decisions regarding compensation. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are posted on our website at www.hamilton.edu. Form 990, Part XI, Line 9 Change in annuity & life income obligations ($625,000) and Net assets released from restriction and changes in restriction $3,275,000 Hamilton Property Group LLC 198 College Hill Rd Clinton NY 13323 870835440 Rental NY 296989 711796 Trustees of Hamilton College Foundation Hamilton College Calle Castello Num 128 Piso BAJ Pta 1 Madrid SP 28006 Education of Spanish language and culture SP Hamilton College 1 Hamilton in France 4 Rue de Chevreuse Paris FR 75006 Education of French language and culture FR Hamilton College 1 Pooled Income Funds (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Annuity Trusts (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrusts (13) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 Foundation Hamilton College r 1266452 The College transfers cash to its Foundation in Spain for the purpose of funding the study abroad program there. Hamilton in France r 600000 The College transfers cash to its Foundation in France for the purpose of funding the study abroad program there.