2025-05-14T17:37:27+00:00 2024-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2023-07-01 042104847 Williams College WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 MICHAEL WAGNER VP FOR FIN & OPERATIONS & TREAS 2025-05-14 true true Rachel Spurlock P00520729 5023263996 2025-05-14 2023 2025-03-06 01:10:19Z MAUD S MANDEL HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 779503470 false X WWW.WILLIAMS.EDU X 1793 MA Williams College strives to achieve educational excellence by fostering a community of learning in collaboration with students, faculty, staff, devoted alumni and parents. 24 23 3544 6770 27270649 3193845 75476741 87694599 173728938 176518559 175831356 184172321 -941170 -492911 424095865 447892568 65726296 73317642 0 162616754 171686961 0 0 10449898 128698940 121084994 357041990 366089597 67053875 81802971 4819845872 5075834072 946525334 967033419 3873320538 4108800653 SEE SCHEDULE O. false false 325018349 73317642 172809941 WILLIAMS IS AN INDEPENDENT LIBERAL ARTS COLLEGE FOR APPROXIMATELY 2,100 FULL-TIME UNDERGRADUATE AND 50 GRADUATE STUDENTS WHO COME FROM ALL OF THE 50 STATES and countries from around the world. THE WILLIAMS CURRICULUM OFFERS STUDY IN THE HUMANITIES, THE SOCIAL SCIENCES AND THE NATURAL SCIENCES AND COMBINES A BROAD EDUCATION WITH KNOWLEDGE OF ONE FIELD IN DEPTH. THE COLLEGE OFFERS THE BACHELOR OF ARTS DEGREE AT THE UNDERGRADUATE LEVEL. IN ADDITION, the college offers MASTER OF ARTS PROGRAMS IN POLICY ECONOMICS AND HISTORY OF ART. 325018349 true true false true true false true true true true true false false true true false true true true true false true false false false false true true true true false false false false false true true false true false true true false false true true true true false false true X 3415 0 true 3544 true true true true UK false false false false false false false false false false false true true X 24 23 true false false false false false false true true false false true true true true true true true true false CA MA X X X Valerie Myers 4135974204 PO BOX 67 WILLIAMSTOWN MA 01267 MAUD MANDEL PRESIDENT 40.0 1.0 X X 674852 0 216911 ELIZABETH ANDERSEN TRUSTEE 4.0 X 0 0 0 ELIZABETH ROBINSON TRUSTEE/CHAIR 6.0 X 0 0 0 ETHAN LASSER TRUSTEE 4.0 X 0 0 0 GEORGE CREPPY TRUSTEE 4.0 X 0 0 0 GREGORY WOODS TRUSTEE 4.0 X 0 0 0 GRETCHEN HOWARD TRUSTEE 4.0 X 0 0 0 JAN VAN ECK TRUSTEE 4.0 X 0 0 0 JEFFREY DELANEY TRUSTEE 4.0 X 0 0 0 JEFFREY HARLESTON TRUSTEE 4.0 X 0 0 0 JEFFREY RHODES TRUSTEE 4.0 X 0 0 0 JONATHAN SOKOLOFF TRUSTEE 4.0 X 0 0 0 LEILA JERE TRUSTEE 4.0 X 0 0 0 MARK TERCEK TRUSTEE 4.0 X 0 0 0 MARTHA HOOPES TRUSTEE 4.0 X 0 0 0 MARTHA WILLIAMSON TRUSTEE 4.0 X 0 0 0 MATTHEW HARRIS TRUSTEE 4.0 X 0 0 0 MICHELE JOHNSON ROGERS TRUSTEE 4.0 X 0 0 0 NATHAN SLEEPER TRUSTEE 4.0 X 0 0 0 NORIKO HONDA CHEN TRUSTEE 4.0 X 0 0 0 SARAH MOLLMAN UNDERHILL TRUSTEE 4.0 X 0 0 0 VALERIE DIFEBO TRUSTEE 4.0 X 0 0 0 VIDISHA PATEL TRUSTEE 4.0 X 0 0 0 WILLIAM FOOTE TRUSTEE 4.0 X 0 0 0 ABIGAIL WATTLEY CHIEF INVESTMENT OFFICER (EFFECTIVE JULY 1, 2023) 40.0 X 565011 0 37586 EIKO SINIAWER PROVOST 40.0 X 292367 0 57547 JAMES REISCHE VP OF COMMUNICATIONS 40.0 X 255635 0 65205 KELI GAIL SECRETARY OF THE COLLEGE 40.0 X 264280 0 52299 LARA SHORE-SHEPPARD DEAN OF THE FACULTY (EFFECTIVE JULY 1, 2023) 40.0 X 236508 0 63997 LETICIA SMITH-EVANS HAYNES VP FOR INSTITUTIONAL DIVERSITY, EQUITY, AND INCLUSION 40.0 X 255361 0 67957 MARGARET LONG DEAN OF THE COLLEGE 40.0 X 290857 0 99510 MEGAN MOREY VP OF COLLEGE RELATIONS 40.0 X 407297 0 119407 MICHAEL WAGNER VP FOR FINANCE & OPERATIONS, TREASURER 40.0 X 557196 0 75803 BRADFORD WAKEMAN MANAGING DIR / COO, INV OFFICE 40.0 X 474042 0 69918 JAMES ART GENERAL COUNSEL 40.0 X 270339 0 129849 JOHN KLEINER PROFESSOR OF ENGLISH 40.0 X 280648 0 36781 KENNETH KUTTNER PROFESSOR OF ECONOMICS 40.0 X 265649 0 79597 PAMELA FRANKS DIRECTOR OF THE WILLIAMS COLLEGE MUSEUM OF ART 40.0 X 269371 0 77591 COLLETTE CHILTON CHIEF INVESTMENT OFFICER (THROUGH JUNE 30, 2023) 40.0 X 916166 0 126739 DAVID LOVE FORMER PROVOST, PROF OF ECONOMICS 40.0 X 231872 0 58018 DENISE BUELL FORMER DEAN OF THE FACULTY, PROF OF RELIGION 40.0 X 174951 0 55778 LEE PARK FORMER DEAN OF THE FACULTY, PROF OF CHEMISTRY 40.0 X 185399 0 46256 MARLENE SANDSTROM FORMER DEAN OF COLLEGE, PROF OF PSYCH 40.0 X 224335 0 57234 PROTIK M MAJUMDER FORMER PRESIDENT, PROF OF PHYSICS 40.0 X 180217 0 59254 SAFA ZAKI FORMER DEAN OF THE FACULTY, PROF OF PSYCHOLOGY 40.0 X 152232 0 34148 7424585 0 1687385 370 true true false Perry Dean Rogers & Partners Architects 177 Milk Street Boston MA 02109 Architect 3584049 Huron Consulting Services LLC 550 W Van Buren Street Suite 1700 Chicago IL 60607 Consulting 2033103 Consigli Construction Co Inc 72 Summer Street Milford MA 01757 Construction 596380 Leers Weinzapfel Assoc Architects Inc 75 Kneeland Street 3rd Floor Boston MA 02111 Architect 558604 Otis Elevator Company 1 Carrier Place Farmington CT 06032 Maintenance 540077 45 3152251 84542348 11502915 87694599 TUITION, FEES, ROOM AND BOARD 900099 166086000 166086000 AUXILIARY REVENUE 721000 10432559 6723941 3708618 0 0 0 0 176518559 4124432 4124432 2575302 3068213 -492911 0 -492911 -492911 508023030 567548 328005696 536993 180017334 30555 180047889 23562031 156485858 0 0 0 0 0 447892568 172809941 27270649 160117379 417269 417269 71751650 71751650 1148723 1148723 4128981 1170382 1781090 1177509 529175 491861 37314 123814560 105339872 13867545 4607143 10509574 8943630 1178648 387296 23612998 20398464 2506013 708521 9091673 7736998 1019631 335044 719642 45594 674048 212427 3727 202816 5884 97945 83488 10881 3576 22186109 21279545 174395 732169 161762 61925 99837 10744327 9865132 808860 70335 3240237 2359316 731873 149048 8748859 8086721 443587 218551 7184718 6397960 460101 326657 237697 197370 24839 15488 10335389 8795398 1159114 380877 30754008 27467936 2096598 1189474 2138688 28335 2110252 101 FELLOWSHIPS, STUDENT PRIZES 2861247 2815301 45946 EQUIPMENT RENTAL & maintenance 7422686 6579156 821667 21863 NON CAPPED PLANT EXPENSES 3266117 2779460 366295 120362 STUDENT ASSISTANCE 10773136 10773136 0 0 0 0 366089597 325018349 30621350 10449898 49938522 86680450 62626371 93588146 59331322 63551891 2485737 1926859 159736 135345 0 0 13882945 13898841 356484 371789 15902445 21779822 1292290078 596307829 692147599 695982249 41006656 39724949 3865198337 4033354441 878985 694900 0 15930733 24144390 4819845872 5075834072 69035528 65665286 0 1460335 1397478 372756585 364908374 56578663 55548188 0 0 0 0 446694223 479514093 946525334 967033419 X 641038401 699391183 3232282137 3409409470 0 0 0 3873320538 4108800653 4819845872 5075834072 X 81802971 161099157 -7422013 X false true X true true true X 53444284 61524755 52484139 75476741 87694599 330624518 0 0 53444284 61524755 52484139 75476741 87694599 330624518 28518004 302106514 2730369 2312920 2618075 4259315 6699734 18620413 0 0 0 394317 3193845 3588162 0 0 0 0 0 0 352833093 781334729 0.8562 0.8880 X Schedule A, Part I, Line 2 Explanation of filing To qualify for limited donor disclosure under the special rule on Schedule B, the public support test has been completed to demonstrate the university meets the quantitative support test under Section 509(a)(1) of the internal revenue code, which requires an organization to receive a substantial part of its support from a governmental unit or from the general public. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 920 false true 97025 97945 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Williams College sent correspondence to the Massachusetts congressional delegation related to a proposed bill. The time devoted to this effort was approximately 8 hours of professional time as reported. THE COLLEGE PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS INCLUDING NACUBO, NAICU, AICUM, and COHFE, WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. 1 143969 3113640 true true 670000 63979950 X X X X false false true X 3368671196 15698167 334326067 38545032 140512525 9197923 3530439950 3411185988 24733810 99124060 38022809 121653542 6696311 3368671196 4025701926 16930533 -440193050 44904769 137175288 9173364 3411185988 2742044936 25098149 1353707368 22296237 66154793 6697497 4025701926 2788599176 31790239 88528909 37181396 123348548 6343444 2742044936 0.0995 0.871 0.0295 false false 0 11576402 11576402 0 989035009 465087012 523947997 0 0 0 0 0 133192113 95049799 38142314 0 158486554 36171018 122315536 695982249 Global Long and Long/Short Equity Funds 1472955816 F Absolute return funds 545455751 F Venture Capital funds 674693932 F Real Asset funds 159539931 F Real Estate funds 253239477 F Noninvestment Grade Fixed income funds 236155296 F Other Investment assets 80362645 F Buyout Funds 610951593 F 4033354441 US GOV'T ADVANCES FOR STUDENTS 446513 INVEST. ON BEHALF OF SUPP ORG 471384764 DEFERRED EXCISE TAX LIABILITY 7682816 479514093 X 532886275 161099157 -7422013 153677144 379209131 68683437 68683437 447892568 297406160 0 0 297406160 68683437 68683437 366089597 Schedule D, Part III, Line 1a Collections of Art, Historical Treasures, or Other Similar Assets THE COLLEGE'S ART AND RARE BOOK COLLECTIONS ARE RECORDED AT COST OR APPRAISED VALUE AT THE DATE OF ACQUISITION. COLLECTIONS ARE NOT DEPRECIATED. Schedule D, Part III, Line 4 Collections of art - description of collections THE MUSEUM'S PRINCIPAL MISSION IS TO ENCOURAGE MULTIDISCIPLINARY TEACHING THROUGH ENCOUNTERS WITH ART OBJECTS THAT TRAVERSE TIME PERIODS AND CULTURES. Schedule D, Part IV, Line 2b Explanation of escrow agreement WILLIAMS COLLEGE SERVES AS TRUSTEE FOR VARIOUS CHARITABLE REMAINDER TRUSTS AND MAINTAINS THE ASSETS AND CORRESPONDING RESERVE LIABILITIES ON ITS BALANCE SHEET. Schedule D, Part V, Line 4 Intended uses of endowment funds THE COLLEGE MANAGES AND INVESTS THE ENDOWMENT TO PROVIDE CURRENT AND FUTURE SUPPORT FOR THE OPERATIONS OF THE COLLEGE. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIPS FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, FACULTY COMPENSATION AND OTHER ACADEMIC AND STUDENT OPERATIONS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Williams College is exempt from federal and state income taxes to the extent provided by section 501(c)(3) of the Internal Revenue Code and equivalent state provisions, except with regard to unrelated business income which is taxable at corporate income tax rates, and provisions of the 2017 Tax Cuts and Jobs Act (the "Act"). The Act impacts the College in several ways, including excise taxes on compensation and net investment income, changes to the net operating loss rules, repeal of the certain minimum tax (AMT), and the computation of UBTI separately for each unrelated trade or business. Further, the Act established a flat 21% US federal corporate tax rate and federal corporate unrelated business income tax rate. The College has made provisions for a deferred tax liability from net unrealized gains on qualifying assets and estimated at the 1.4% tax rate of $6.7 million and $3.8 million as of June 30, 2024 and 2023, respectively. Accruals for the current portion of the excise and compensation tax of $1.0 million were also included for the years ending June 30, 2024 and 2023. Excise taxes paid related to the year ended June 30, 2023 were $1.1 million. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Investment Income, annuitant payments and change in value of split-interest agreements, net - -2130925 Adjustments for post-employment liabilities - -2234381 Unrealized gains on interest rate swaps - 1980297 Change in non controlling interest - -1531520 Deferred excise tax - nonoperating - -3874857 Gain on purchase of noncontrolling interest - 1390348 Other adjustment - 157448 Write off of uncollectible contributions receivable - -1178423 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Financial Aid - 71751650 Rental Expenses - -3068213 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid - 71751650 Rental Expenses - -3068213 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY Williams College has publicized its racially nondiscriminatory policy on its course catalog/BULLETIN AND ON THE COLLEGE'S WEBSITE AT WWW.WILLIAMS.EDU. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT STUDENTS AT WILLIAMS COLLEGE RECEIVE TITLE IV FEDERAL FINANCIAL AID. STUDENTS APPLY FOR AND RECEIVE FEDERAL FINANCIAL AID & PROFESSORS APPLY FOR AND RECEIVE GOVERNMENT GRANTS. true Europe (Including Iceland and Greenland) 1 1 Program Services Instruction 1672218 Europe (Including Iceland and Greenland) 1 1 Program Services Administrative Expenses 33323 Europe (Including Iceland and Greenland) 1 1 Program Services Research 864 North America (Canada & Mexico only) 0 0 Program Services Research 2000 North America (Canada & Mexico only) 0 0 Program Services Administrative Expenses 9168 Central America and the Caribbean 0 0 Program Services Instruction 81588 East Asia and the Pacific 0 0 Program Services Instruction 950 East Asia and the Pacific 0 0 Program Services Research 2479 South Asia 0 0 Program Services Instruction 3075 South Asia 0 0 Program Services Research 545 Sub-Saharan Africa 0 0 Program Services Instruction 5500 Russia and Neighboring States 0 0 Program Services Instruction 500 Central America and the Caribbean 0 0 Investments 1966736913 Europe (Including Iceland and Greenland) 0 0 Investments 42488484 Sub-Saharan Africa 0 0 Investments 64229377 3 3 0 0 3 3 2075266984 0 2075266984 FINANCIAL AID -SCHOLARSHIPS TO STUDENTS Russia and Neighboring States 8 12840 CASH PAYMENT N/A FMV FINANCIAL AID -SCHOLARSHIPS TO STUDENTS South America 9 14781 CASH PAYMENT N/A FMV STUDY AWAY Europe (Including Iceland and Greenland) 18 518588 CASH PAYMENT N/A FMV STUDY AWAY East Asia and the Pacific 4 16557 CASH PAYMENT N/A FMV FELLOWSHIPS Europe (Including Iceland and Greenland) 14 585957 CASH PAYMENT N/A FMV true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds FOR THE STUDENT TUITION PAYMENTS, WE REMIT FUNDS DIRECTLY TO THE INSTITUTIONS BASED ON INVOICES RECEIVED FROM THE INSTITUTIONS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual,; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual, Schedule F, Part III Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual RUSSIA AND NEIGHBORING STATES -Accrual SOUTH AMERICA -Accrual true Berkshire Black Economic Council 33 Dunham Mall Suite 101 Pittsfield MA 01201 854196468 501(c)(3) 7000 Program Support Berkshire Immigrant Center 67 East Street Pittsfield MA 01201 862361326 501(c)(3) 7000 Program Support Harmony Homestead & Wholeness Center Inc 101 West End Road Hillsdale NY 12529 822830803 501(c)(3) 7000 Program Support Images Cinema PO Box 283 Williamstown MA 01267 043407257 501(c)(3) 31002 Program Support Massachusetts MoCA Foundation Inc 1040 Mass Moca Way North Adams MA 01247 043113688 501(c)(3) 55000 Program Support Multicultural BRIDGE 17 Main Street Suite B3 Lee MA 01238 261211169 501(c)(3) 7000 Program Support NAACP Berkshire County Branch PO Box 605 Pittsfield MA 01201 800873976 501(c)(4) 7000 Program Support New Canaan Community Foundation 111 Cherry Street New Canaan CT 06840 060970466 501(c)(3) 16185 Program Support Northern Berkshire United Way Inc PO Box 955 North Adams MA 01247 042104785 501(c)(3) 7444 Program Support Rites of Passage And Empowerment PO Box 1016 Pittsfield MA 01202 874393361 501(c)(3) 7000 Program Support Soul Fire Farm Institute Inc 1972 NY Highway 2 Petersburg NY 12138 472549969 501(c)(3) 7000 Program Support Stockbridge-Munsee Community N8476 Moh He Con Nuck Road Bowler WI 54416 391145449 Tribe 7000 Program Support The Boston Foundation 75 Arlington Street FL 3 Boston MA 02116 042104021 501(c)(3) 143969 Program Support Trustees of Tufts College 169 Holland Street Somerville MA 02144 042103634 501(c)(3) 10000 Program Support Williamstown Community Chest PO Box 204 Williamstown MA 01267 046044550 501(c)(3) 27044 Program Support Williamstown Youth Center 66 School Street Williamstown MA 01267 042105836 501(c)(3) 15000 Program Support WilliNet Inc 34 Spring Street Williamstown MA 01267 043253056 501(c)(3) 10625 Program Support 15 2 FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1188 71751650 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. FINANCIAL AID TO INDIVIDUALS IS AWARDED BY FINANCIAL AID PROFESSIONALS IN ACCORDANCE WITH THE COLLEGE POLICIES. GRANTS TO ORGANIZATIONS IN PART II ARE TO SUPPORT LOCAL SERVICE ORGANIZATIONS IN THE SURROUNDING COMMUNITIES. Williams has close proximity to these local schools, community organizations, and 501(C)3 organizations in order to monitor the use of its funds. X X X true true X X X false false false false false false false false false MAUD MANDEL PRESIDENT 660350 0 0 0 14502 0 137194 0 79717 0 891763 0 0 0 COLLETTE CHILTON CHIEF INVESTMENT OFFICER (THROUGH JUNE 30, 2023) 654860 0 214277 0 47029 0 102373 0 24366 0 1042905 0 214277 0 DAVID LOVE FORMER PROVOST, PROF OF ECONOMICS 230867 0 0 0 1005 0 26175 0 31843 0 289890 0 0 0 MARLENE SANDSTROM FORMER DEAN OF COLLEGE, PROF OF PSYCH 224335 0 0 0 0 0 25391 0 31843 0 281569 0 0 0 PROTIK M MAJUMDER FORMER PRESIDENT, PROF OF PHYSICS 180217 0 0 0 0 0 20475 0 38779 0 239471 0 0 0 LEE PARK FORMER DEAN OF THE FACULTY, PROF OF CHEMISTRY 185399 0 0 0 0 0 20682 0 25574 0 231655 0 0 0 DENISE BUELL FORMER DEAN OF THE FACULTY, PROF OF RELIGION 174951 0 0 0 0 0 19230 0 36548 0 230729 0 0 0 SAFA ZAKI FORMER DEAN OF THE FACULTY, PROF OF PSYCHOLOGY 151799 0 0 0 433 0 17673 0 16475 0 186380 0 0 0 MICHAEL WAGNER VP FOR FINANCE & OPERATIONS, TREASURER 490114 0 0 0 67082 0 37194 0 38609 0 632999 0 0 0 ABIGAIL WATTLEY CHIEF INVESTMENT OFFICER (EFFECTIVE JULY 1, 2023) 497182 0 66854 0 975 0 37194 0 392 0 602597 0 0 0 MEGAN MOREY VP OF COLLEGE RELATIONS 402297 0 5000 0 0 0 37194 0 82213 0 526704 0 0 0 MARGARET LONG DEAN OF THE COLLEGE 267596 0 0 0 23261 0 33296 0 66214 0 390367 0 0 0 EIKO SINIAWER PROVOST 269344 0 0 0 23023 0 33296 0 24251 0 349914 0 0 0 LETICIA SMITH-EVANS HAYNES VP FOR INSTITUTIONAL DIVERSITY, EQUITY, AND INCLUSION 255361 0 0 0 0 0 29864 0 38093 0 323318 0 0 0 JAMES REISCHE VP OF COMMUNICATIONS 233135 0 0 0 22500 0 29864 0 35341 0 320840 0 0 0 KELI GAIL SECRETARY OF THE COLLEGE 264180 0 0 0 100 0 29864 0 22435 0 316579 0 0 0 LARA SHORE-SHEPPARD DEAN OF THE FACULTY (EFFECTIVE JULY 1, 2023) 225158 0 0 0 11350 0 26326 0 37671 0 300505 0 0 0 BRADFORD WAKEMAN MANAGING DIR / COO, INV OFFICE 407632 0 64610 0 1800 0 37194 0 32724 0 543960 0 0 0 JAMES ART GENERAL COUNSEL 270339 0 0 0 0 0 31185 0 98664 0 400188 0 0 0 PAMELA FRANKS DIRECTOR OF THE WILLIAMS COLLEGE MUSEUM OF ART 264371 0 5000 0 0 0 30205 0 47386 0 346962 0 0 0 KENNETH KUTTNER PROFESSOR OF ECONOMICS 265649 0 0 0 0 0 29343 0 50254 0 345246 0 0 0 JOHN KLEINER PROFESSOR OF ENGLISH 280648 0 0 0 0 0 10554 0 26227 0 317429 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE PRESIDENT WAS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF THEIR EMPLOYMENT AND FOR THE CONVENIENCE OF WILLIAMS. Pursuant to section 119, the housing is excludable from income and was not treated as taxable compensation. ONE LISTED OFFICER RECEIVED A TAXABLE HOUSING ALLOWANCE. THE VALUE OF THE ALLOWANCE IS IMPUTED AS INCOME AND REPORTED ON FORM W-2. THE VALUE OF THE ALLOWANCE IS INCLUDED IN PART II, COLUMN B(III). Schedule J, Part I, Line 1a Health or social club dues or initiation fees WILLIAMS PAID DUES FOR A PRIVATE ALUMNI CLUB FOR THE PRESIDENT. THE AMOUNTS were paid for qualified business purposes and not REPORTED AS TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Personal services THE PRESIDENT RECEIVED CERTAIN PERSONAL SERVICES PROVIDED AT THEIR HOUSE. SUCH SERVICES THAT WERE NOT BUSINESS RELATED WERE REPORTED AS TAXABLE COMPENSATION ON FORM W-2. THE VALUE OF THE SERVICES IS INCLUDED IN PART II, COLUMN B(III). Schedule J, Part I LINE 4B AND LINE 7 MEMBERS OF THE INVESTMENT OFFICE STAFF ARE ELIGIBLE TO RECEIVE AN ANNUAL BONUS UP TO A CERTAIN PERCENTAGE OF THEIR BASE SALARY. THE BONUS IS DETERMINED BY THE PERFORMANCE OF THE INVESTMENT PORTFOLIO IN RELATION TO THE PERFORMANCE OF THE POLICY BENCHMARK. THE POLICY BENCHMARK IS ESTABLISHED BY THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE BONUS IS PAID OUT OVER TIME, REQUIRES THE INDIVIDUAL TO REMAIN EMPLOYED IN ORDER TO BE ELIGIBLE TO RECEIVE PAYMENT, AND IS SUBJECT TO NEGATIVE EARNINGS PROVISIONS. A MASS HEALTH & EDU FACILITIES AUTHORITY - SERIES J&K 042456011 57586CPX7 2006-04-03 73396573 1996 & 2003 CURRENT REFUNDING false false false B MASS DEVELOPMENT FINANCE Agency - SERIES N&O 043431814 57583UAA6 2011-03-24 92077256 CONSTRUCTION AND 1993 & 2007 CURRENT REFUNDING false false false C MASS HEALTH & EDU FACILITIES AUTHORITY - H&I 042456011 57585KW79 2003-04-02 115049757 CONSTRUCTION AND 1993 CURRENT REFUNDING false false false D MASS DEVELOPMENT FINANCE AGENCY - SERIES Q&R 043431814 57584XTN1 2016-07-14 118161121 New construction and Refinance 2006 & 2007 debt false false false A 63670814 73396573 556293 72840280 2006 true false true true B 41236233 92077256 661056 50166200 41250000 2013 true false true true C 100796702 115049757 644884 100699405 13705468 2005 true false true true D 10773270 0 118161121 621091 70000000 47540030 2018 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false false true true true MORGAN STANLEY 20.0 false false false false true B false false false true true false false false true C false false false true false false true Trinity 3.2 true false true D false false false true true true Goldman Sachs 30.0 false false false false true A true B true C true D true Schedule K, Part IV, Line 2c COLUMN A Issuer name: MASS. HEALTH & EDU FACILITIES AUTHORITY - SERIES J&K The calculation for computing no rebate due was performed on 08/22/2016 Schedule K, Part IV, Line 2c COLUMN B Issuer name: MASS. DEVELOPMENT FINANCE Agency - SERIES N&O The calculation for computing no rebate due was performed on 08/12/2020 Schedule K, Part IV, Line 2c COLUMN C Issuer name: MASS. HEALTH & EDU FACILITIES AUTHORITY - H&I The calculation for computing no rebate due was performed on 03/22/2007 Schedule K, Part IV, Line 2c COLUMN D Issuer name: MASS. DEVELOPMENT FINANCE AGENCY - SERIES Q&R The calculation for computing no rebate due was performed on 09/20/2021 Schedule K, Part IV, Line 2c COLUMN A Issuer name: MASS. DEVELOPMENT FINANCE AGENCY SERIES S The calculation for computing no rebate due was performed on 09/17/2021 A MASS DEVELOPMENT FINANCE AGENCY SERIES S 043431814 57584XS77 2017-06-08 60495031 CONSTRUCTION false false false B MASS DEVELOPMENT FINANCE AGENCY SERIES T 043431814 57584YK24 2021-03-11 25924981 2011 CURRENT REFUNDING false false false C MASS DEVELOPMENT FINANCE AGENCY SERIES U 043431814 2023-04-04 99670000 2013 CURRENT REFUNDING false false false A 2832655 0 60495031 387376 60000000 107655 2019 false false true true B 3933295 25924981 351466 25573515 2021 true false true true C 0 99670000 272960 99397040 2023 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true A false false false true false false false false true B false true false false false false false false true C false true false false false false false false true A true B true C true DAVID LOVE Former Provost MORTGAGE ON PRIMARY Residence X 100000 51924 false false true Eiko Siniawer Provost MORTGAGE ON PRIMARY Residence X 100000 48188 false false true Margaret Long Dean of The College Mortgage on Primary Residence X 100000 35233 false false true 135345 10315 Internship grants Student assistance NOAH SANDSTROM SPOUSE OF MARLENE SANDSTROM, FORMER OFFICER 214744 EMPLOYMENT AGREEMENT false ANTHONY SHEPPARD Spouse of Lara Shore-Sheppard, Dean of Faculty 272539 EMPLOYMENT AGREEMENT false STEVEN SIMON Spouse of Maud Mandel, President 37314 EMPLOYMENT AGREEMENT false Schedule L, Part II Column (h) ELIGIBLE EMPLOYEES, INCLUDING LISTED PERSONS, ENTER INTO MORTGAGE AGREEMENTS IN ACCORDANCE WITH POLICIES AND PROCEDURES AS OUTLINED IN FACULTY AND STAFF HANDBOOKS WHICH HAVE BEEN APPROVED BY APPLICABLE GOVERNING COMMITTEES. EACH MORTGAGE IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & TREASURER TO ENSURE COMPLIANCE AND CONSISTENCY WITH THE POLICY. Schedule L, Part III Columns (a) and (b) PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINACIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPERATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. X 4 600000 Opinions of experts X 70882 Opinions of experts X 259 10781089 Market value X 1 30000 Market value X Laboratory equipment, telescopes, dinners, host reimbursements 9 20944 Opinions of experts 5 false true true Schedule M, Part I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS IN COLUMN B, THE COLLEGE IS GENERALLY REPORTING THE NUMBER OF CONTRIBUTIONS. FOR WORKS OF ART, THE COLLEGE IS REPORTING THE NUMBER OF Donors. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions WILLIAMS COLLEGE GENERALLY USES A BROKER/AGENT TO FACILITATE THE SALE OF REAL PROPERTY. Form 990, Part III, Line 1 ORGANIZATION'S MISSION WILLIAMS SEEKS TO PROVIDE THE FINEST POSSIBLE LIBERAL ARTS EDUCATION BY NURTURING IN ITS STUDENTS THE ACADEMIC AND CIVIC VIRTUES AND THEIR RELATED TRAITS OF CHARACTER. AS BOTH AN EDUCATIONAL AND SOCIAL IMPERATIVE, WILLIAMS WELCOMES TALENTED STUDENTS IRRESPECTIVE OF THEIR FINANCIAL RESOURCES. ONCE ENROLLED, THEY LEARN - BOTH INSIDE AND OUTSIDE THE CLASSROOM - THAT THE PRIVILEGE OF A WILLIAMS EDUCATION IMPLIES BOTH THE OPPORTUNITY AND RESPONSIBILITY TO SERVE SOCIETY AT LARGE. THE COLLEGE STRIVES TO ACHIEVE SUCH EXCELLENCE BY FOSTERING A COMMUNITY OF LEARNING THAT COMPRISES STUDENTS, FACULTY AND STAFF, IN PARTNERSHIP WITH NETWORKS OF DEEPLY DEVOTED ALUMNI AND PARENTS. Form 990, Part VI, Line 1a Delegate broad authority to a committee WILLIAMS COLLEGE'S GOVERNING BODY AND GOVERNING DOCUMENTS DELEGATE AUTHORITY ON A LIMITED SCOPE TO AN EXECUTIVE COMMITTEE CONSISTING OF THE BOARD CHAIR, THE PRESIDENT OF THE COLLEGE, AND 5-7 OTHER BOARD MEMBERS SELECTED ANNUALLY BY THE CHAIR AND PRESIDENT ACTING JOINTLY. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Matthew Harris and Gretchen Howard - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body WORKING WITH CROWE LLP, THE FORM 990 IS PREPARED FOR REVIEW BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. CROWE LLP SIGNS THE RETURN AS PAID PREPARER. The final Form 990 is provided to the full board in advance of filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy TRUSTEES, OFFICERS, AND SENIOR STAFF ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURE FORMS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. TRUSTEES OR OFFICERS HAVING A CONFLICT OF INTEREST ON ANY MATTER THAT COMES BEFORE THE BOARD, OR ANY COMMITTEE OF THE BOARD, FOR ACTION RECUSE THEMSELVES FROM PARTICIPATING IN THE DECISION. EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. DISCLOSURES ARE REVIEWED BY DEPARTMENT HEADS AND SENIOR STAFF. ANY EMPLOYEE WITH A CONFLICT OF INTEREST WOULD BE PRECLUDED FROM INVOLVEMENT IN DECISION MAKING OR FINANCIAL DEALINGS WITH THE ENTITY OR RELATIONSHIP GIVING RISE TO THE CONFLICT. TRUSTEES, OFFICERS, AND EMPLOYEES ARE REQUIRED TO REPORT ANY MID-YEAR CHANGES TO THE PRESIDENT'S OFFICE AND THEIR SUPERVISOR RESPECTIVELY. Form 990, Part VI, Line 15a Process to establish compensation of top management official Williams College assigns the duty of setting the President's compensation to the Executive Committee of the Board of Trustees that annually reviews compensation. The Executive Committee considers compensation surveys, market data, and analysis. The deliberations and decisions are documented. This process took place in Spring of 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of the organization's other officers and key employees is determined by the President. Each year, the Chief Human Resources Officer provides the President with a multiyear summary of compensation benchmarking data for members of senior staff. The benchmarking data comprises salary survey data aggregated by the College and University Professional Association of Human Resources, as well as an independent survey administered by Sullivan Cotter. The President consults with the Executive Committee of the board and the deliberations and decisions are documented. This process took place in Spring of 2024. Form 990, Part VI, Line 18 How forms are made available to the public THE FORM 990 IS AVAILABLE UPON REQUEST, ON THE COLLEGE WEBSITE, AND ON GUIDESTAR.ORG. THE FORM 990-t IS AVAILABLE UPON REQUEST. Form 990, Part VI, Line 19 Required documents available to the public WILLIAMS COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON THE COLLEGE WEBSITE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Investment income, annuitant payments and change in value of split-interest agreements, net - -2130925; Adjustments for post-employment liabilities - -2234381; Unrealized gains on interest rate swaps - 1980297; Change in Noncontrolling interest - -1531520; Change in deferred tax liability and payable - nonoperating - -3874857; Other Adjustments - 157448; Gain on purchase of noncontrolling interest - 1390348; Write off of uncollectible contributions receivable - -1178423; Schedule F, Part I, Line 3(a) ACTIVITIES PER REGION THE REGION REPORTED IN COLUMN (A) FOR THE COLLEGE'S INVESTMENTS IS BASED ON THE LEGAL DOMICILE OF THE INVESTMENT FUND AS PROVIDED IN THE SCHEDULE F INSTRUCTIONS. THIS DOES NOT NECESSARILY INCLUDE THE REGION OF THE UNDERLYING INVESTMENTS OR THE REGION WHERE THE INVESTMENT ACTIVITY OCCURS. Schedule F, Part I, Line 3(f) EXPENDITURES FOR AND INVESTMENTS IN THE REGION ALL EXPENSES OF OUR PROGRAMS ARE RECORDED AS EXPENSES IN THE FINANCIAL STATEMENTS OF THE COLLEGE. WILLIAMS INN LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 465431139 HOTEL MA 7218567 1534349 WILLIAMS COLLEGE STERLING & FRANCINE CLARK ART INSTITUTE 225 SOUTH STREET WILLIAMSTOWN MA 01267 042163004 ART MUSEUM MA 501(c)(3) Type I WILLIAMS COLLEGE true ASSOCIATED KYOTO PROGRAM INC COLLEGE HALL RM 204 NORTHAMPTON MA 01063 042996114 EDUCATION MA 501(c)(3) Type III-FI NA false WILLIAMS COLLEGE LAND FOUNDATION 880 MAIN STREET WILLIAMSTOWN MA 01267 043158500 RE HOLDING MA 501(c)(2) WILLIAMS COLLEGE true WILLIAMS COLLEGE OXFORD PROGRAMME EDUCATION UK 501(c)(3) WILLIAMS COLLEGE true WILLIAMS COLLEGE FOUNDATION (UK) LIMITED EDUCATION UK 501(c)(3) WILLIAMS COLLEGE true POOLED INCOME FUNDS (3) 880 Main street Williamstown MA 01267 FUNDRAISING MA WILLIAMS COLLEGE Trust true PERPETUAL TRUSTS (5) 880 Main street Williamstown MA 01267 FUNDRAISING MA WILLIAMS COLLEGE Trust true CHAR REM TRUSTS (23) SEE PART VII 880 Main street Williamstown MA 01267 FUNDRAISING WILLIAMS COLLEGE Trust true BERMAN INC TREASURERS OFFICE HOPKINS HALLS WILLIAMSTOWN MA 01267 Art UT WILLIAMS COLLEGE C Corporation 0 315500 1 true OUTSIDE CHAR REM TRSTS (42) FUNDRAISING N/A Trust true WILLIAMS RENEWABLES LLC 880 MAIN STREET WILLIAMSTOWN MA 01267 812875267 RENEWABLE ENERGY MA WILLIAMS COLLEGE C Corporation 14860 2258008 1 true false false true false false false false false false false false false false false false true false true true PERPETUAL TRUSTS C 858391 CASH WILLIAMS COLLEGE OXFORD PROGRAMME P 1588232 CASH STERLING AND FRANCINE CLARK ART INSTITUTE R 13000000 CASH WILLIAMS COLLEGE FOUNDATION (UK) LIMITED S 502687 CASH Schedule R, Part IV, Column (c) CHARITABLE REMAINDER TRUSTS THE CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (3) ARE LEGALLY DOMICILED IN CA, IL, MA, AND NY. Schedule R, Part IV, Column (c) OUTSIDE MANAGED CHARITABLE REMAINDER TRUSTS THE OUTSIDE MANAGED CHARITABLE REMAINDER TRUSTS DISCLOSED IN PART IV, LINE (5) ARE LEGALLY DOMICILED IN MA AND NY. Schedule R, Part V, Line 2 STERLING AND FRANCINE CLARK ART INSTITUTE IN FEBRUARY OF 2017, THE COLLEGE AND THE STERLING AND FRANCINE CLARK INSTITUTE ENTERED INTO A PARTICIPATION AGREEMENT WHEREIN THE CLARK INSTITUTE TRANSFERED SUBSTANTIALLY ALL OF ITS ENDOWMENT OVER A THREE-YEAR PERIOD TO THE COLLEGE TO INVEST IN THE COLLEGE'S INVESTMENT POOL. THE COLLEGE MANAGES THE INVESTMENTS ON THE CLARK INSTITUTE'S BEHALF. THE FUNDS ARE INVESTED IN ACCORDANCE WITH THE COLLEGE'S INVESTMENT POLICIES AND OBJECTIVES. IN FY24, THE CLARK INSTITUTE WITHDREW $13,000,000.