Bennington College Corporation

“All members of the board of trustees receive a draft of the form 990 for their review and comment. After receipt of their comments and questions. Changes or corrections were made prior to submission of the final form 990.”

“The conflict of interest policy reads as follows: 1) trustees, officers and key employees of bennington college shall avoid placing themselves in positions in which there may be conflict between their personal interests and their duties to bennington. 2) a conflict of interest exists when there is the potential that a trustee, officer, or key employee may obtain a direct or indirect pecuniary or other personal benefit, or any other omproper gain or advantage, at the expense of the interests of the college, or when a trustee, officer, or key employee of the college accepts a gift or other favor under circumstances from which it might be inferred that such gifts were intended to influence the performance of duties for the college. 3) individuals covered by this policy have a duty to voluntarily self-disclose to the chair of the board of trustees (unless the disclosure is by the chair, in which event it shall be made to the vice chair) any potential conflict of interest:(i) prior to assuming their responsibilities, and (ii) at the time any potential conflict arises. In the case of disclosure by a key employee unrelated to the proceedings of the board of trustees, the disclosure shall be made to the president. 4) each proposed transaction in which it is discosed or otherwise known to the board or to management that a trustee, officer, or key employee may have a conflict of interest shall be submitted to the executive committee of the board of trustees for such actions as the executive committee may determine and reported to the board of trustees. 5) any individual coverd by this policy shall not vote or use that indiviudal's personal influence on any matter with respect to which the individual believes him or herself to have a conflict of interest, or with respect to which the executive committee has determined pursuant to paragraph 4 that the individual has a conflict of interest subject to this policy. 6) all dissenting votes and abstentations from voting shall be duly noted in the minutes of all meetings of the board and its committees. 7) each trustee, officer or key employee shall sign a conflict of interest statement in accordance with the statement attached hereto. 8) the secretary of the corporation shall maintain a file of information disclosed by trustees, officers and key employees. Such file of information shall be amended annually on such date as the board of trustees shall determine.”

“The president's compensation is set after a review of compensation data from pertinent institutions and in conjunction with an assessment of performance.”

“Bennington college makes form 990 available to the public upon request, as required. All other documents are not made available to the public.”

“Change in value of beneficial trust interest -103,817. Change in cash surrender value of life insurance policy -326. Change in value of gift annuities -5,662.”