The Trustees of the Smith College

“The executive committee is composed of at least 5 members of the board, including the chair of the board, the president of the college, the vice chairs of the board, and certain committee chairs. The executive committee may exercise all of the powers of the board, with certain exceptions specified in the college bylaws.”

“Form 990 review process smith college's draft form 990 was reviewed by members of the board of trustees of smith college, the accounting staff, management, the board of trustees' audit and risk committee, and the college's paid tax professionals. An electronic copy of the final return was provided to all members of the board of trustees who review and approve it prior to filing.”

“Conflict of interest policy as fiduciaries of smith, the members of the board must avoid conflicts of interest between personal interests and the interests of smith. Generally, conflict of interest exists when a person is in a position both to influence a decision and to benefit from that decision. The conflict of interest policy and its disclosure obligations shall also apply to: (a) all of the members of the investment committee of the board, including its non-trustee members, (b) any other non-trustee member of any other board committee and any person appointed as a special representative to the board, (c) the officers of the college, and (d) such other persons as the board shall determine may be necessary or appropriate for the benefit of smith. Each trustee must annually sign and submit to the secretary of the board a statement disclosing all material financial interests of the trustee or a family member, that are known or reasonably should have been known to the trustee, in any outside entity with which the trustee knows the college has or is considering a transaction, or a business relationship, or affirming that the trustee knows of no such transaction or relationship. Promptly upon becoming aware of any such potential conflict, the trustee must promptly disclose to the chair of the board and the secretary of the board and, if the trustee or non-trustee is a member of the investment committee, promptly disclose to the chair of that committee, any material financial interest in a non-publicly traded entity in which the trustee knows smith is considering an investment or with which smith is considering a transaction. Ordinarily, the trustee should not participate in any decision by the board or of any of its committees, including the investment committee, regarding such investment or transaction. If a trustee becomes aware of a potential conflict of interest during or just before a meeting of the board, the interested trustee shall so inform the board and shall be recused while the board discusses the matter. The secretary of the board shall review the annual statements of disclosure and determine if a material financial interest has been disclosed. If a material financial interest has been disclosed, the secretary shall promptly share with the executive committee such disclosure forms and any additional information about the current or proposed transaction and the business relationship that may give rise to a conflict of interest which the executive committee may deem informative. If the board has a discussion or meeting at which a trustee's financial interest in a matter is disclosed, a determination regarding a conflict of interest is made, or a transaction or arrangement in which a trustee has a conflict of interest is considered, the board's consideration of these matters, including any reasons for approval, shall be reflected in the minutes of the meeting.”

“Compensation policy the executive committee of the board of trustees is responsible for the evaluation of executive and employee compensation to assure that all aspects comply with its requirements. The executive committee reviews the compensation package for the president annually, considering comparative information as well as salary increases proposed for faculty and administrative staff. The committee obtains and relies on the following written materials, provided in advance of the meeting: (1) historical compensation for the president, (2) years of service in position, and (3) a market study of compensation, based on comparable data from other selective liberal arts colleges. After discussion, the executive committee approves the compensation for the president. The executive committee and the president meet to determine the compensation for other officers and key employees using the same criteria. In compliance with the rebuttable presumption standards, smith college considers geographic location, admissions overlap, endowment size, and its market for executive level managers when identifying its comparable peers. Furthermore, all executive committee decisions are documented concurrently in the executive committee board minutes.”

“Public disclosure the college's financial statements are available on its website at www.smith.edu. The college's form 990, form pc and financial statements are also available on the massachusetts attorney general's website at www.mass.gov/ago. The college will provide paper copies of the college's governing documents, conflict of interest policy, forms 990 and 990-t upon request.”

“*mission* smith college educates women of promise for lives of distinction and purpose. A college of and for the world, smith links the power of the liberal arts to excellence in research and scholarship, thereby developing engaged global citizens and leaders to address society's challenges. *values* smith is a community dedicated to learning, teaching, scholarships, discovery, creativity and critical thought. Smith is committed to creating an inclusive, equitable and accessible educational community founded on the free and open exchange of ideas. Smith educates women to understand the complexity of human experience and world cultures through engagement with humanistic, social and scientific ideas. Smith prepares and creates global citizens, committed to participating in the communities in which they live and to stewarding the resources that sustain them.”

“Program service accomplishment #1 undergraduate educational programs serving 2,500 students. Smith college offers 1,000 courses in more than 50 areas of study. Smith's programs in florence, geneva, hamburg and paris combine rigorous academics with the experience of living in another country and discovering a new culture. For extracurricular activities, the college has more than 100 chartered student organizations with a range of services and activities, a dozen varsity sports and extensive intramural and club sports programs. The campus school (k to 6) and the center for early childhood education serve as laboratories for the department of education & child study.”

“Program service accomplishment #2 the school for social work offers a master of social work (msw) degree focused on clinical social work and direct field work practice. The program stresses the integration of clinical theory & practice with an understanding of the social context in which people live. It also emphasizes an understanding of the social policies and organizational structure that influence the school's service delivery system. In addition, the school offers a ph.d. Program designed to prepare msws for leadership positions in clinical research, education, and practice. It also provides extensive postgraduate offerings through its continuing education program.”

“Program service accomplishment #3 graduate educational programs offer women & men advanced degrees of masters of arts in teaching (elementary, middle or high school), master of fine arts, master of science in biological sciences, and master of science in exercise and sport studies. In special one-year programs, international students may qualify for a certificate of graduate studies or a diploma in american studies. Each year 100 men & women pursue such advanced work. Individuals may also enroll as non-degree students by registering for one or more courses. Most graduate courses are planned for graduate students who are degree candidates.”

“Other program service accomplishments professional development and summer programs: outreach programs extend smith college's academic and cultural resources to the broader community, both locally and nationally. The college offers programs for children & their families, from preschool through high school, as well as educators. Programs highlight smith's leadership in science and engineering education, reflect the college's commitment to opportunities for girls and young women, utilizing its world-class museum, gardens, and campus. Faculty engage in sponsored and college funded professional development and research. Smith executive education for women: smith executive education for women is designed to grow women leaders. Participants in smith's executive education program benefit from courses, seminars & discussions that are customized to meet the needs of sponsoring corporations and individual attendees. World class faculty from the world's leading business schools and corporations are selected based on their expertise.”

“Change in life income funds (856,696)”