2026-03-10T00:15:03-05:00 2025-06-30 141442607 BST & CO CPAS LLP 10 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2024-07-01 141713034 BARD COLLEGE BARD 8457587511 CAMPUS ROAD PO BOX 5000 ANNANDALEONHUDSON NY 12504 LAURA RAMSEY VICE PRESIDENT FOR FINANCE 8457587511 2026-03-09 1 0 JUDY A CAHEE P00281935 5184596700 2026-03-09 2024 2025-03-06 01:10:19Z LEON BOTSTEIN CAMPUS ROAD PO BOX 5000 ANNANDALEONHUDSON NY 12504 985135947 0 X WWW.BARD.EDU X 1860 NY BARD COLLEGE SEEKS TO PROVIDE A CHALLENGING ACADEMIC PROGRAM AND A SUPPORTIVE ENVIRONMENT THAT FOSTERS A COLLABORATIVE INTERCHANGE OF IDEAS IN THE CLASSROOM AS WELL AS AMBITION TO ACHIEVE EXCELLENCE. 25 21 5656 23 0 0 121417581 694042649 193341752 206980969 8263887 16846116 8865680 12446268 331888900 930316002 115840899 122152075 0 0 158771747 160980465 121040 143000 4917669 117942784 125097489 392676470 408373029 -60787570 521942973 1129480829 1707357698 619892228 642831896 509588601 1064525802 X BARD COLLEGE SEEKS TO PROVIDE A CHALLENGING ACADEMIC PROGRAM AND A SUPPORTIVE ENVIRONMENT THAT FOSTERS A COLLABORATIVE INTERCHANGE OF IDEAS IN THE CLASSROOM AS WELL AS AMBITION TO ACHIEVE EXCELLENCE. 0 0 373259022 122152075 219469144 BARD COLLEGE IS AN INDEPENDENT, COMPREHENSIVE LIBERAL ARTS COLLEGE LOCATED ON A PARK-LIKE CAMPUS THAT COVERS MORE THAN 1,500 ACRES BORDERING THE HUDSON RIVER. BARD HAS DEVELOPED A NEW VISION AND MODEL OF THE LIBERAL ARTS COLLEGE, AS A CENTRAL BODY SURROUNDED BY SIGNIFICANT INSTITUTES AND PROGRAMS - "SATELLITES" - THAT STRENGTHEN ITS' CURRICULUM. WHILE IT IS FLEXIBLE ENOUGH TO INCLUDE PROGRAMS FOR RESEARCH, GRADUATE STUDY, COMMUNITY OUTREACH, AND OTHER CULTURAL AND EDUCATIONAL ACTIVITIES, THE UNDERGRADUATE PROGRAM REMAINS ITS FOCUS. EACH SATELLITE PROGRAM IS DESIGNED TO ENHANCE THE UNDERGRADUATE COURSE OF STUDY BY OFFERING STUDENTS OPPORTUNITIES FOR INTERACTION WITH LEADING ARTISTS AND SCHOLARS. IN ADDITION TO THE UNDERGRADUATE COLLEGE, BARD HAS UNDERTAKEN A NUMBER OF IMPORTANT EDUCATIONAL INITIATIVES THAT INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING: DURING 1979, BARD ASSUMED CONTROL AND OWNERSHIP OF SIMON'S ROCK EARLY COLLEGE (NOW CALLED BARD COLLEGE AT SIMON'S ROCK) (SIMON'S ROCK) LOCATED IN GREAT BARRINGTON, MASSACHUSETTS. ALTHOUGH BARD AND SIMON'S ROCK REMAIN DISTINCT AND CARRY ON SEPARATE ACADEMIC PROGRAMS AT THEIR RESPECTIVE CAMPUSES, THE RELATIONSHIP BETWEEN THE TWO INSTITUTIONS GIVES BARD AN EXCEPTIONAL OPPORTUNITY TO APPLY ITS EXPERIENCE AS A LIBERAL ARTS COLLEGE TO THE DEVELOPMENT OF A STRONG CURRICULUM FOR YOUNGER STUDENTS. IN MARCH 1986, BARD ESTABLISHED THE LEVY ECONOMICS INSTITUTE OF BARD COLLEGE, WHICH IS DEDICATED TO IMPROVING THE HUMAN CONDITION THROUGH THE STUDY OF ECONOMICS AND THE GENERATION OF EFFECTIVE PUBLIC POLICY RESPONSES TO IMPORTANT PROBLEMS WORLDWIDE. DURING 1992, BARD ENTERED INTO AN OPERATING AGREEMENT WITH THE IRIS FOUNDATION TO ESTABLISH AND MAINTAIN THE BARD GRADUATE CENTER FOR STUDIES IN THE DECORATIVE ARTS, DESIGN, AND CULTURE (BGC). SINCE 1993, THE BGC HAS PRESENTED A UNIQUE, MULTIDISCIPLINARY, AND BROADLY INTERNATIONAL APPROACH TO THE STUDY OF THE DECORATIVE ARTS. THE BGC OFFERS A MASTERS OF ARTS DEGREE IN THE HISTORY OF THE DECORATIVE ARTS AND A DOCTOR OF PHILOSOPHY DEGREE IN THE HISTORY OF THE DECORATIVE ARTS, DESIGN, AND CULTURE. IT SPONSORS SEVERAL MAJOR EXHIBITIONS ANNUALLY AND PRESENTS DIVERSE PUBLIC PROGRAMS FOR AUDIENCES RANGING FROM DECORATIVE ARTS PROFESSIONALS AND COLLECTORS TO SCHOOLCHILDREN. THE BGC IS LOCATED IN NEW YORK CITY, IN TWO BEAUX ARTS TOWNHOUSES CLOSE TO THE CITY'S LEADING MUSEUMS AND GALLERIES, AND, IN BARD HALL. DURING 2003, THE RICHARD B. FISHER CENTER FOR THE PERFORMING ARTS AT BARD COLLEGE (FISHER CENTER) WAS OPENED OFFERING A WORLD-CLASS COMPLEX FOR INNOVATIVE ARTISTIC REPRESENTATION. THE FISHER CENTER IS HOME TO BARD COLLEGE'S THEATER AND DANCE PROGRAMS, AS WELL AS THE BARD MUSIC FESTIVAL, AND HOST TO PERFORMANCES BY THE AMERICAN SYMPHONY ORCHESTRA. GENERALLY, THE FISHER CENTER PROVIDES AUDIENCES WITH A BOLD AND DYNAMIC ENVIRONMENT THAT INSPIRES RISK-TAKING PERFORMANCE AND PROVOCATIVE PROGRAMS IN ORCHESTRAL, CHAMBER, AND JAZZ MUSIC AND THEATER, DANCE AND OPERA BY AMERICAN AND INTERNATIONAL ARTISTS. DURING 2011, BARD ALSO ASSUMED CONTROL AND OWNERSHIP OF ECLA - EUROPEAN COLLEGE OF LIBERAL ARTS GGMBH, NOW CALLED BARD COLLEGE BERLIN, GGMBH AND BARD REAL ESTATE GMBH, A GERMAN ENTITY HOLDING TITLE TO ALL BUT ONE OF BARD COLLEGE BERLIN, GGMBH'S LAND AND BUILDINGS. BARD COLLEGE BERLIN, GGMBH IS A LIBERAL ARTS UNIVERSITY OFFERING AN INNOVATIVE, INTERDISCIPLINARY CURRICULUM WITH A GLOBAL SENSIBILITY. STUDENTS COME TO BERLIN FROM 30 COUNTRIES IN ORDER TO STUDY WITH THE INTERNATIONAL FACULTY. BARD COLLEGE BERLIN, GGMBH IS A REGISTERED AS A SEPARATE 501(C)(3) ORGANIZATION. BARD REAL ESTATE GBMH IS A FOR-PROFIT ENTITY SUBJECT TO GERMAN TAXATION. DURING 2012, BARD ASSUMED CONTROL AND OWNERSHIP OF LONGY SCHOOL OF MUSIC, NOW CALLED THE LONGY SCHOOL OF MUSIC OF BARD COLLEGE (LONGY), LOCATED IN CAMBRIDGE, MASSACHUSETTS. LONGY IS A LEADING DEGREE-GRANTING CONSERVATORY AND SCHOOL OF CONTINUING AND PREPARATORY STUDIES AND OFFERS ELEVEN PROGRAMS LEADING TO A MASTER OF MUSIC DEGREE, AND INTRODUCED A NEW MASTER OF ARTS IN TEACHING PROGRAM IN 2013. 373259022 1 1 0 1 0 0 1 1 0 1 1 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1123 0 1 5656 1 0 1 GM HK MH 0 0 0 0 0 0 0 0 0 0 X 25 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X LEON BOTSTEIN 8457587423 30 CAMPUS ROAD ANNANDALEONHUDSON NY 12504 MARTIN PERETZ TRUSTEE 1.00 1.00 X 0 0 0 MARK KAPLAN TRUSTEE 1.00 1.00 X 0 0 0 ASHER EDELMAN TRUSTEE 1.00 1.00 X 0 0 0 MARCELLE CLEMENTS TRUSTEE 1.00 1.00 X 0 0 0 JAMES OTTAWAY JR TRUSTEE 1.00 1.00 X 0 0 0 JAMES C CHAMBERS CHAIR 1.00 1.00 X X 0 0 0 BRANDON WEBER VICE CHAIR 1.00 1.00 X X 0 0 0 EMILY H FISHER VICE CHAIR 1.00 1.00 X X 0 0 0 ELIZABETH ELY SECRETARY 1.00 1.00 X X 0 0 0 STANLEY A REICHEL TREASURER 1.00 1.00 X X 0 0 0 LEON BOTSTEIN PRESIDENT/TRUSTEE 60.00 5.00 X X 565417 0 123876 FIONA ANGELINI TRUSTEE 1.00 1.00 X 0 0 0 ROLAND J AUGUSTINE TRUSTEE 1.00 1.00 X 0 0 0 MARK E BROSSMAN TRUSTEE 1.00 1.00 X 0 0 0 KIMBERLY MARTEAU EMERSON TRUSTEE 1.00 1.00 X 0 0 0 BARBARA S GROSSMAN TRUSTEE 1.00 1.00 X 0 0 0 ANDREW S GUNDLACH TRUSTEE 1.00 1.00 X 0 0 0 MATINA S HORNER TRUSTEE 1.00 1.00 X 0 0 0 CHARLES S JOHNSON III TRUSTEE 1.00 1.00 X 0 0 0 GEORGE A KELLNER TRUSTEE 1.00 1.00 X 0 0 0 FREDRIC S MAXIK TRUSTEE 1.00 1.00 X 0 0 0 HILARY PENNINGTON TRUSTEE 1.00 1.00 X 0 0 0 ROGER N SCOTLAND TRUSTEE 1.00 1.00 X 0 0 0 ANNABELLE SELLDORF TRUSTEE 1.00 1.00 X 0 0 0 JONATHAN SLONE TRUSTEE 1.00 1.00 X 0 0 0 MOSTAFIZ SHAH MOHAMMED TRUSTEE 1.00 1.00 X 0 0 0 JO FRANCIS MEYER TRUSTEE 1.00 1.00 X 0 0 0 JAMES A VON KLEMPERER TRUSTEE 1.00 1.00 X 0 0 0 SUSAN WEBER TRUSTEE 1.00 1.00 X 0 0 0 JULIET MORRISSON TRUSTEE 1.00 1.00 X 0 0 0 STEWART RESNICK TRUSTEE 1.00 1.00 X 0 0 0 DAVID E SCHWAB II TRUSTEE 1.00 1.00 X 0 0 0 GLENDEAN HAMILTON TRUSTEE 1.00 1.00 X 0 0 0 RT REV MATTHEW F HEYD TRUSTEE 1.00 1.00 X 0 0 0 CATHERINE BOND HILL TRUSTEE 1.00 1.00 X 0 0 0 TAUN TOAY SENIOR VP/CFO 50.00 5.00 X 392595 0 61432 JONATHAN BECKER EXECUTIVE VP 50.00 X 391251 0 67873 DEBRA PEMSTEIN VP DEVELOPMENT 40.00 X 276723 0 52209 DEIRDRE D'ALBERTIS DEAN 40.00 X 226917 0 38840 JOHN WEINSTEIN PROVOST, SIMON'S ROCK 40.00 X 213361 0 26640 JANET OZARCHUK COO, BGC 40.00 X 195700 0 31744 GIDEON LESTER ARTISTIC DIRECTOR AND CEO 40.00 X 275770 0 46549 TOM ECCLES EXECUTIVE DIRECTOR CCS 40.00 X 467098 0 62342 KAREN ZORN PRESIDENT, LONGY 40.00 X 335761 0 31456 COLEEN ALEXANDER VP FOR ADMINISTRATION 40.00 X 191763 0 51108 AARON MATTOCKS COO, FISHER CENTER 40.00 X 187750 0 29917 3720106 0 623986 262 0 1 0 KBE BUILDING CORPORATION 76 BATTERSON PARK ROAD FARMINGTON CT 06032 CONSTRUCTION 37348412 CONSIGLI CONSTRUCTION NY LLC 3 LEAR JET LANE SUITE 201S LATHAM NY 12110 DESIGN CONSULTANTS 11877617 ELLUCIAN COMPANY 14327 COLLECTIONS CENTER DR CHICAGO IL 60693 IT SERVICES 1710776 DBI PROJECTS LLC 1261 BROADWAY 11TH FLOOR NEW YORK NY 10001 CONSTRUCTION CONSULTANTS 1043210 BIALOSKY AND PARTNERS ARCHITECTS LLC 28 GREENE ST SUITE 2W NEW YORK NY 10013 ARCHITECT 988953 49 269150 9361971 684411528 82938254 694042649 TUTITON & FEES 611710 170836257 170836257 ROOM & BOARD CHARGES 611710 33304820 33304820 CAMPUS & SUMMER RENTAL 611710 1915117 1915117 OTHER CHARGES 611710 924775 924775 206980969 19945480 19945480 75205 75205 51474629 54573993 -3099364 -3099364 -3099364 128840 269150 245952 -117112 -117112 OTHER REVENUE 900099 11155272 11155272 TICKET SALES FOR PERFORMANCES 900099 1302817 1302817 STUDENT FINES & OTHER CHARGES 900099 30086 30086 12488175 930316002 219469144 0 16804209 1211938 1211938 115339785 115339785 5600352 5600352 2595597 149558 2233782 212257 106256079 95564202 8568179 2123698 9620816 8041994 1443469 135353 24717247 19487208 4600716 629323 17790726 15060430 2265669 464627 1181318 885358 281187 14773 206148 154501 49069 2578 41800 41800 143000 143000 149419 149419 12067869 9172678 2884455 10736 1714273 1524833 185603 3837 2041911 1816264 221077 4570 2603636 2315914 281894 5828 11445090 11092840 325623 26627 19497334 18266697 332867 897770 432590 384786 46836 968 20918980 20397258 506249 15473 11971835 11163822 761958 46055 3188240 121641 3066599 PROGRAM SUPPLIES 19379362 19125545 243511 10306 FOOD SERVICE 10540321 10272531 130480 137310 MAINTENENCE AND OPERATI 7717363 6108887 1575896 32580 408373029 373259022 30196338 4917669 7519148 16853457 11716935 16406702 341782334 887953076 25092418 28472743 992463 809992 2376441 2508810 6626102 7098528 658544216 252046994 326491967 406497222 42387108 51545780 2033033 3107899 362462880 286103489 1129480829 1707357698 49386356 60523355 20141107 18820480 306900000 306900000 10000000 15000000 593238 580474 45890000 45738813 186981527 195268774 619892228 642831896 X 35757313 380565137 473831288 683960665 509588601 1064525802 1129480829 1707357698 X 521942973 9681310 22802448 510470 X 0 1 X 1 1 1 X 256742554 207340293 107869017 121417581 694042649 1387412094 256742554 207340293 107869017 121417581 694042649 1387412094 777021319 610390775 15127791 16648664 17164584 19806283 20020685 88768007 7742854 7460695 7153204 9032310 12617015 44006078 1520186179 928925672 0.40150 0.49040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 7,698,082. 2021 AMOUNT: $ 6,910,536. 2022 AMOUNT: $ 5,909,728. 2023 AMOUNT: $ 7,138,983. 2024 AMOUNT: $ 11,284,112. TICKET SALES FOR PERFORMANCES - 2020 AMOUNT: $ 43,227. 2021 AMOUNT: $ 546,409. 2022 AMOUNT: $ 1,236,341. 2023 AMOUNT: $ 1,884,312. 2024 AMOUNT: $ 1,302,817. STUDENT FINES OTHER CHARGES - 2020 AMOUNT: $ 1,545. 2021 AMOUNT: $ 3,750. 2022 AMOUNT: $ 7,135. 2023 AMOUNT: $ 9,015. 2024 AMOUNT: $ 30,086. PART II LINE 1(A), 1(B) IN THE PROCESS OF DOING THE FISCAL YEAR 2025 AUDIT IT WAS DISCOVERED THAT THERE WERE TWO PLEDGES THAT SHOULD HAVE BEEN RECOGNIZED AS INCOME IN PRIOR YEARS. IT WAS ALSO FOUND THAT PRIOR YEAR PLEDGES WERE MISSING FROM THE 2% EXCESS CONTRIBUTION LIMITATION, SO THE EXCESS CONTRIBUTIONS WERE UPDATED TO REFLECT MORE ACCURATE DATA. TAX YEAR 2020: ORIGINAL GIFTS GRANTS AND CONTRIBUTIONS OF $236,742,554 - ADDITIONAL CONTRIBUTION OF $20,000,000 TAX YEAR 2021: ORIGINAL GIFTS GRANTS AND CONTRIBUTIONS OF $202,277,293 - ADDITIONAL CONTRIBUTION OF $5,063,000 PUBLIC SUPPORT PERCENTAGES: 2023 ORIGINAL: 72.97% 2022 REVISED: 49.04% RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 41800 41800 0 PART II-B, LINE 1: PAYMENT TO THIRD PARTIES FOR LOBBYING SERVICES. X X X 1 38.00 1 0 1 0 1235126 X X 0 426808785 214179524 8001888 2804440 646185757 415667070 13741974 3082436 5682695 426808785 412410271 62098060 -4186552 54654709 415667070 292805225 137823089 -15825206 2392837 412410271 220804948 51214557 31827555 11041835 292805225 0.03426 0.80523 0.16050 1 0 50619737 50619737 434123812 223990918 210132894 27201275 23156213 4045062 146599392 4899863 141699529 406497222 BENEFICIAL INTEREST IN BARD ENDOWMENT TRUST 103716887 BENEFICIAL INTEREST IN PERPETUAL TRUST 14181383 DEPOSITS WITH BOND TRUSTEES 40502799 RIGHT OF USE ASSET - OPERATING LEASE 84820600 ART, ANTIQUES AND COLLECTIBLES 1235126 DUE FROM RELATED PARTIES 28016542 RIGHT OF USE ASSET - FINANCE LEASE 11878907 ADVANCES FROM FEDERAL GOVERNMENT 63939 INTEREST RATE SWAP AGREEMENT 1687306 286103489 REFUNDABLE U.S. GOVERNMENT STUDENT LOANS 213438 OPERATING LEASE LIABILITY 97512754 OTHER LIABILITY 506984 TAXABLE BONDS 85275000 FINANCE LEASE LIABILITY 11562171 DUE TO RELATED PARTIES 198427 195268774 X 825264529 9681310 -114829316 -105148006 930412535 149419 -245952 -96533 930316002 293129777 245952 245952 292883825 149419 115339785 115489204 408373029 PART II, LINE 9: DURING THE CURRENT YEAR, NO REVENUE OR EXPENDITURES WERE REPORTED ON THE FINANCIAL STATEMENTS. THE ASSET IS RECORDED ON THE BOOKS OF THE COMPANY. PART III, LINE 4: THE ART COLLECTION IS USED FOR SCHOLARLY RESEARCH AND PUBLIC EXHIBITION. THE ART HISTORY DEPARTMENT USES THE DISPLAY FOR ITS CLASSWORK. PART V, LINE 4: SCHOLARSHIPS, NAMED CHAIR EXPENSES, AND GENERAL EXPENSES. PART X, LINE 2: BARD IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES. BARD COLLEGE HAS BEEN CLASSIFIED AS A PUBLICLY-SUPPORTED ORGANIZATION THAT IS NOT A PRIVATION FOUNDATION UNDER SECTION 509 (A) OF THE CODE. BARD COLLEGE FILES FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKE ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITION'S TAX BENEFITS THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT ENVAULTED BARD COLLEGE'S TAX POSITIONS INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THERE ARE NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID -115,339,785. OTHER NON-OPERATING GAIN 255,166. FOREIGN CURRENCY EXCHANGE GAIN 255,303. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -245,952. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 245,952. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 115,339,785. PART V - ENDOWMENT FUNDS IN THE PROCESS OF DOING THE FISCAL YEAR 2025 AUDIT IT WAS DISCOVERED THAT THERE WERE PLEDGES FROM PRIOR YEARS THAT WERE NEVER RECORDED. SO, THE ENDOWMENTS HAVE BEEN RESTATED TO REFLECT THE ADJUSTMENT TO THE AUDITED FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BARD COLLEGE MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ALL FORMS OF MEDIA EMPLOYED TO SOLICIT STUDENTS AND ITS GENERAL CONSTITUENCY. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENT AGENCIES WERE USED TO PROVIDE ASSISTANCE TO STUDENTS ATTENDING THE COLLEGE IN PAYMENT OF TUITION AND FEES. 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 1 PROGRAM SERVICES ACADEMIC SUPPORT 202403 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 686549 NORTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 364319 CENTRAL AMERICA AND THE CARIBBEAN 1 1 PROGRAM SERVICES ACADEMIC SUPPORT 29310 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 10591 SOUTH ASIA 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 296104 MIDDLE EAST AND NORTH AFRICA 0 8 PROGRAM SERVICES ACADEMIC SUPPORT 1134920 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 154 PROGRAM SERVICES ACADEMIC SUPPORT 2187504 RUSSIA AND NEIGHBORING STATES 0 1 PROGRAM SERVICES ACADEMIC SUPPORT 769784 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT EDUCATION 1213057 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENT REAL ESTATE 14676559 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENT EDUCATION 138595 3 164 0 1 3 165 4911700 16797995 21709695 RUSSIA AND NEIGHBORING STATES ACADEMIC SUPPORT 735222 EFT 0 EUROPE (INCLUDING ICELAND AND GREENLAND) ACADEMIC SUPPORT 1323948 EFT 0 MIDDLE EAST AND NORTH AFRICA ACADEMIC SUPPORT 1080724 EFT 0 SOUTH ASIA ACADEMIC SUPPORT 212471 EFT 0 NORTH AMERICA ACADEMIC SUPPORT 86918 EFT 0 SUB-SAHARAN AFRICA ACADEMIC SUPPORT 618555 EFT 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, ACADEMIC SUPPORT 147730 EFT 0 ACADEMIC SUPPPORT EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 27 50208 EFT ACADEMIC SUPPPORT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 33 249379 EFT ACADEMIC SUPPPORT RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 30 31591 EFT ACADEMIC SUPPPORT SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 15 10591 EFT ACADEMIC SUPPPORT SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 26 65994 EFT ACADEMIC SUPPPORT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 339 821035 EFT ACADEMIC SUPPORT CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 11 29310 EFT ACADEMIC SUPPORT MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 29 53045 EFT ACADEMIC SUPPORT SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 44 83634 1 0 1 0 1 1 PART I, LINE 2: EAST JERUSALEM - BARD COLLEGE REVIEWS REQUESTS FOR FUNDS FROM THE AL QUDS BARD MANAGER OF FINANCE AND ADMINISTRATION EACH SEMESTER. THE REQUESTS INCLUDES ITEMIZED BREAKDOWN OF EXPENSES AND ACCEPTABLE SUPPORTING DOCUMENTATION (I.E. CHECK STUBS AND EXPENSE RECEIPTS). BARD COLLEGE'S AL QUDS PROGRAM MANAGER (HOUSED ON THE BARD U.S. CAMPUS) REVIEWS AND APPROVES THE REQUESTS. GERMANY - BARD COLLEGE RECEIVES REQUESTS FOR FUNDS FROM EUROPEAN COLLEGE OF LIBERAL ARTS FOR ADMINISTRATIVE AND PROGRAM SUPPORT. X X X X X 1 GURA ASSOCIATES LTC 505 WEST END AVE NEW YORK NY 10024 STRATEGIC AND ADVISORY CONSULTING 0 143000 0 143000 143000 143000 NY MA CCS GALA 192780 129350 63430 35000 33891 76250 18847 BROTHERS @ 10TH ANNIVERSARY 205210 139800 65410 63000 540 18424 397990 269150 128840 35000 96891 76250 540 37271 245952 -117112 1 AMERICAN SYMPHONY ORCHESTRA 263 W 38TH STREET NEW YORK NY 10015 131969375 501(C)(3) 1211938 0 SUPPORT 1 BARD UNDERGRADUATE SCHOLARSHIPS 1591 87455739 BARD GRADUATE SCHOLARSHIPS 475 8523215 SIMON'S ROCK UNDERGRADUATE SCHOLARSHIPS 284 11269637 LONGY SCHOOL OF MUSIC SCHOLARSHIPS 341 8091194 PART I, LINE 2: THE COLLEGE REVIEWS ALL AMERICAN SYMPHONY ORCHESTRA'S EXPENDITURES FOR WHICH ITS GRANTS ARE INTENDED. ASSISTANCE FOR INDIVIDUAL STUDENTS IS PROVIDED THROUGH FEDERAL, STATE AND COLLEGE PROGRAMS AND EXTERNAL AGENCIES. THE COLLEGE ADMINISTERS THESE PROGRAMS. TYPICALLY, FINANCIAL AID FUNDS ADMINISTERED BY THE COLLEGE ARE AWARDS ON THE BASIS OF FINANCIAL NEED (AS DETERMINED BY THE FEDERAL GOVERNMENT, DEPARTMENT OF EDUCATION, STATE AGENCIES, THE COLLEGE SCHOLARSHIP SERVICES, AND BARD COLLEGE), ACADEMIC ACHIEVEMENT, AND PROMISE. THE COLLEGE'S OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR AWARDING AND MONITORING FEDERAL AND STATE FINANCIAL AID DISTRIBUTIONS. STUDENTS APPLY FINANCIAL AID BY COMPLETING A FASFA FORM WHICH DETERMINES ELIGIBILITY. STUDENT ELIGIBILITY IS REGULARLY MONITORED TO ENSURE THAT GRANT AWARDS ARE USED FOR THEIR INTENDED PURPOSE. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LEON BOTSTEIN PRESIDENT/TRUSTEE 565417 0 0 0 0 0 93125 0 30751 0 689293 0 0 0 TOM ECCLES EXECUTIVE DIRECTOR CCS 419098 0 0 0 48000 0 31432 0 30910 0 529440 0 0 0 JONATHAN BECKER EXECUTIVE VP 351251 0 0 0 40000 0 35125 0 32748 0 459124 0 0 0 TAUN TOAY SENIOR VP/CFO 352595 0 0 0 40000 0 35125 0 26307 0 454027 0 0 0 KAREN ZORN PRESIDENT, LONGY 335761 0 0 0 0 0 16788 0 14668 0 367217 0 0 0 DEBRA PEMSTEIN VP DEVELOPMENT 276723 0 0 0 0 0 27595 0 24614 0 328932 0 0 0 GIDEON LESTER ARTISTIC DIRECTOR AND CEO 275770 0 0 0 0 0 34375 0 12174 0 322319 0 0 0 DEIRDRE D'ALBERTIS DEAN 226917 0 0 0 0 0 22660 0 16180 0 265757 0 0 0 COLEEN ALEXANDER VP FOR ADMINISTRATION 191763 0 0 0 0 0 19176 0 31932 0 242871 0 0 0 JOHN WEINSTEIN PROVOST, SIMON'S ROCK 213361 0 0 0 0 0 21336 0 5304 0 240001 0 0 0 JANET OZARCHUK COO, BGC 195700 0 0 0 0 0 19570 0 12174 0 227444 0 0 0 AARON MATTOCKS COO, FISHER CENTER 187750 0 0 0 0 0 0 0 29917 0 217667 0 0 0 A DUTCHESS COUNTY LOCAL DEVELOPMENT CORP 273106797 267045NK4 2020-12-23 158914743 FINANCE CONSTRUCTION 0 0 0 B DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 273106797 NONEAVAIL 2024-01-18 42500000 FINANCE CONSTRUCTION 0 0 0 C DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 273106797 267045RU8 2023-09-14 112905000 FINANCE CONSTRUCTION 0 0 0 A 150770000 13892963 2098895 18441952 1 1 1 1 B 42500000 725000 29949544 12550456 1 1 1 1 C 112905000 5785563 1963868 85432232 27472768 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 1 0 0 0 0 1 A 1 B 1 C 1 STEWART RESNICK TRUSTEE WORKING CAPITAL LOAN TO ORGANIZATION X 10000000 10000000 0 1 1 LEON BOTSTEIN PRESIDENT/ TRUSTEE PAYROLL ADVANCES - VARIOUS X 809992 809992 0 1 0 JAMES CHAMBERS BOARD CHAIR OPERATIONS LOAN TO ORGANIZATION X 5000000 5000000 0 1 1 15809992 MARK BROSSMAN TRUSTEE 317570 EMPLOYEE 0 CHRISTINE DIAZ SPOUSE OF KEY EMPLOYEE 118400 PROPERTY RENTAL AND DESIGN 0 JAMES VON KLEMPERER TRUSTEE 429789 ARCHITECTURAL SERVICES 0 X 3 117025 PROFESSIONAL VALUATION X 39 1121195 MARKET PRICE X 47 35969807 PROFESSIONAL VALUATION X 21 33468115 PROFESSIONAL VALUATION X 11 12133277 PROFESSIONAL VALUATION X 3 7370 PROFESSIONAL VALUATION X 2 1784 CASH X MUSICAL INSTRUMENTS 4 87090 PROFESSIONAL VALUATI X FARM EQUIPMENT 2 27591 CASH X LANDSCAPING 1 5000 CASH 3 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS PART I, LINE 33: 9 OF THE 48 GIFTS OF PUBLICLY TRADED SECURITIES WERE PAYMENTS ON PRIOR YEAR PLEDGES, WITH REVENUES RECORDED IN THE YEARS PLEDGED. TOTAL VALUE OF THESE STOCKS WAS $5,545,446. ONE OF THE THREE ART DONATIONS WAS DONATED BY THE ARTIST WITH NO VALUE ASSIGNED, SO IS ENTERED ON THE SCHEDULE M AT $0. . FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF BARD COLLEGE WERE UPDATED DURING THE FISCAL YEAR. WHILE MOST OF THE CHANGES ARE NOT SUBSTANTIVE, THERE ARE SEVERAL CHANGES TO NOTE: 1. SECTION 1.3: SUBSTITUTE "MAY ELECT" FOR "SHALL ELECT" TRUSTEE CANDIDATES NOMINATED BY THE ALUMNI ASSOCIATION (GIVING THE BOARD THE RIGHT TO DECLINE ANY NOMINEE); 2. SECTION 1.7: INCREASE THE MAXIMUM NUMBER OF LIFE TRUSTEES FROM 12 TO 21; AND 3. SECTION 2.1: CHANGE "SHALL" TO "MAY" (MAKING REGULAR TRUSTEE STATUS FOR OFFICERS OPTIONAL RATHER THAN MANDATORY. EACH OF THE COMMITTEE CHARTERS THAT WERE PREVIOUSLY APPROVED BY THE BOARD ARE AMENDED IN ONE RESPECT. EACH CHARTER HAS BEEN AMENDED TO REFLECT THE PROCESS SET FORTH IN SECTION 4.2 OF THE BYLAWS FOR THE NOMINATION AND APPOINTMENT OF COMMITTEE CHAIRS AND COMMITTEE MEMBERS ("THE CHAIR AND THE MEMBERS OF THE COMMITTEES OF THE BOARD AND THE COMMITTEES OF THE CORPORATION SHALL BE NOMINATED BY THE EXECUTIVE COMMITTEE, TAKING INTO ACCOUNT THE RECOMMENDATIONS OF EACH COMMITTEE CHAIR, AND SHALL BE APPOINTED BY THE CHAIR, SUCH APPOINTMENTS BEING SUBJECT TO THE APPROVAL OF THE BOARD"). FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A DRAFT OF THE 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN REPORTS TO THE FULL BOARD THAT THEY HAVE APPROVED THE 990 FOR FILING. A COPY OF THE FINAL 990 IS PROVIDED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW ANNUALLY AND UPDATED CONFLICT OF INTEREST POLICY AND DISCLOSURE, WITH A SIGNATURE PAGE THAT IS REQUIRED TO BE SIGNED AND RETURNED TO THE ORGANIZATION AND KEPT ON FILE. APPROPRIATE ACTIONS ARE TAKEN IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION IS DETERMINED ON THE BASIS OF PERFORMANCE EVALUATION, SENIORITY, AND COMPENSATION COMPARISONS WITH OTHER COLLEGES. THE PRESIDENT'S COMPENSATION PACKAGE IS REPORTED TO THE BOARD BY THE COMPENSATION COMMITTEE AT A REGULAR BOARD MEETING. THE EXECUTIVE AND SENIOR VICE PRESIDENTS' COMPENSATION IS DETERMINED BY THE PRESIDENT ON THE BASIS OF PERFORMANCE EVALUATION, SENIORITY, AND COMPENSATION COMPARISONS AT OTHER COLLEGES AND POLICY INSTITUTES. OTHER OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE SENIOR VICE PRESIDENT ON THE BASIS OF PERFORMANCE EVALUATIONS, SENIORITY, AND COMPENSATION COMPARISONS AT OTHER COLLEGES AVAILABLE FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS OF BARD COLLEGE ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE COLLEGE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: OTHER NON-OPERATING GAIN 255,166. FOREIGN CURRENCY EXCHANGE GAIN 255,304. FORM 990 PART XI LINE 8 NET ASSETS WITH DONOR RESTRICTIONS AS OF JUNE 30, 2023 WERE RESTATED TO CORRECT AN UNDERSTATEMENT OF PLEDGES RECEIVABLE, NET TOTALING $21,982,750. DUE TO THE LONG TERM-NATURE OF THESE PLEDGES RECEIVABLE, NET AMOUNTS AS OF JUNE 30, 2024 WERE REVISED AS INDICATED. SCHEDULE A HAS BEEN REVISED TO REFLECT THESE PLEDGES AS INCOME IN THE YEARS IN WHICH THE PLEDGES WERE RECEIVED. TAX YEAR 2020: PLEDGE OF $20,000,000 TAX YEAR 2021: PLEDGE OF $5,063,000 FINANCIAL STATEMENT DISCOUNT IMPACT: -$3,080,250 BARD BERLIN RE LLC 30 CAMUS ROAD ANNANDALE ON HUDSON NY 12504 831502789 REAL ESTATE NY 247450 692349 BARD COLLEGE BARD COLLEGE BERLIN A LIBERAL ARTS UNIVERSITY GGMBH 30 CAMPUS ROAD ANNANDALEONHUDSON NY 12504 320105791 EDUCATION GM 501(C)(3) LINE 2 BARD COLLEGE 1 SIMON'S ROCK IN MONTSERRAT EDUCATION FOUNDATION INC PO BOX 8 OLD TOWNE MH EDUCATION MH 501(C)(3) LINE 2 BARD COLLEGE 1 KW RESIDENCES GMBH & CO KG CAROLINE-VON-HUMBOLDT-WEG 8 BERLIN GM REAL ESTATE GM BARD COLLEGE RELATED 385321 7893765 0 1 0.50000 PANKOW RESIDENCES LLC 1261 BROADWAY NEW YORK NY 10001 831052789 REAL ESTATE NY BARD COLLEGE RELATED 247450 692349 0 1 0.58800 BARD REAL ESTATE GMBH KURFURSTENDAMN 48-49 BERLIN GM 10707 REAL ESTATE GM BARD BERLIN C 718748 6511917 1.00000 1 KW RESIDENCES GP GMBH CAROLINE-VON-HUMBOLDT-WEG 8 BERLIN GM REAL ESTATE GM PANKOW RESIDENCES LLC C -5887 274035 0.58800 0 BARD ASIA LIMITED WORKSHOP 60 3/F BLOCK A EAST SUN HONG KONG CH EDUCATION CH BARD COLLEGE C -57668 138595 1.00000 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 BARD COLLEGE BERLIN A LIBERAL ARTS UNIVERSITY GGMBH B 5415686 CASH TRANSFER PANKOW RESIDENCES LLC S 5400000 CASH TRANSFER SIMON'S ROCK IN MONTSERRAT EDUCATION FOUNDATION INC B 420000 CASH TRANSFER