The Trustees of Mount Holyoke College

“Members of the organization according to the college's by-laws, five trustees, known as alum trustees, shall be elected by the alum in accordance with the by-laws of the alum association. One alum trustee shall be elected each year to serve for a period of five years. In addition, the president of the alum association shall serve as a sixth alum trustee during her term of office. The election of trustees, other than alum trustees, may be held at any regular or special meeting provided that written notice of such election, including the names of nominees, has been made at least three days prior to the meeting. Nominations shall be made by the nominating and governance committee.”

“Form 990 review annual review of the college's form 990 is delegated to the audit committee. The nominating and governance committee is responsible for reviewing the sections of the form 990 that pertain to compensation and reporting back to the audit committee. This process permits the group of trustees (the audit committee) who are most knowledgeable to review the document on behalf of the entire board. The audit committee reports any findings to the board of trustees and the complete copy of the form 990 is provided to each trustee prior to filing.”

“Monitoring and enforcement of conflict policy the college requires each member of the board of trustees to electronically transmit a conflict of interest disclosure form annually. In addition, non-trustee committee members, officers, and employees with key responsibilities are asked to electronically submit conflict of interest disclosure forms annually. The office of the president ensures that the completed forms are returned by all trustees, and the office of finance and administration ensures that the completed forms are returned by all non-trustee committee members, officers, and employees with key responsibilities. The office of finance and administration collects and records the submitted data from the electronic transmissions. The information on the submitted forms is summarized by the vice president for finance and administration and treasurer who provides a copy of the summary to the audit committee annually. The audit committee reviews the information disclosed and advises the president and the chair of the board as to potential conflicts. The audit committee may, at its discretion, delegate this annual review to the chair of the committee. By signing the annual conflict of interest disclosure form, each individual agrees to answer any questions that board members may have about potential conflicts.”

“Compensation review and approval annually, the human resources department assembles comparative salary data for all senior/executive positions at the college including: president and all vice presidents, chief investment officer, and the secretary of the college. This process was last undertaken in may 2024 for each of the positions mentioned above. Salary data for these executive positions is compiled from the administrators in higher education salaries survey conducted annually by the college and university professional association for human resources (cupa -hr) and assembled and analyzed using several views (25th and 75th percentiles, median, and mean) for salary data from all private independent institutions having a similar endowment value and falling within a comparable budget quartile as that of mount holyoke college. In addition, mount holyoke college participates in a survey on executive total compensation, which is conducted annually by a third party compensation consultant (currently conducted by sullivan, cotter & associates). Twenty -seven of the college's peer institutions also participate in this survey. Salary data from this survey is analyzed in a similar fashion to the cupa-hr data. This salary data, along with salaries of current mount holyoke college incumbents, is assembled and shared with the chair of the board of trustees and with the chair of the nominating and governance committee. The data is then presented to the full nominating and governance committee for discussion and decision on what salary adjustments, if any, will be made. The chair of the board of trustees is responsible for the oversight of the review of performance of the president. The president is responsible for oversight of performance management for the vice presidents and the chief investment officer. With regard to the chief investment officer's performance-based compensation, the president and investment committee (ic) review her performance in accordance with established metrics. With regard to the president's compensation, in addition to comparative peer salary data, the human resources department also assembles a summary report of presidential "total" salary. This report is also reviewed by and discussed with the nominating and governance committee and is discussed with the entire board in their executive session. The process for determining the compensation of the college's officers meets the three requirements of the rebuttable presumption standard. The compensation arrangements are approved in advance by the organization's nominating and governance committee. The committee is appointed by the board of trustees for the purpose of assisting the board in fulfilling its responsibility to the college and the community to ensure the compensation is in accordance with the college's policies. As mentioned, prior to making any compensation decisions, the nominating and governance committee obtains and relies upon appropriate data as to comparability. The committee utilizes compensation surveys that include comparable institutions to set compensation levels. Finally, the nominating and governance committee adequately and timely documents the basis for setting compensation concurrently with the making of the determination.”

“Availability of documents the college makes its by-laws, conflict of interest policy, and financial statements available to the public via the mount holyoke college website. In addition, the audited financial statements and form 990 are available on the website of the massachusetts attorney general.”

“The mission of mount holyoke college is to provide an intellectually adventurous education in the liberal arts and sciences through academic programs recognized internationally for their excellence and range; to draw students from all backgrounds into an exceptionally diverse and inclusive learning community with highly accomplished, committed, and responsive faculty and staff; to continue building on the college's historic legacy of leadership in the education of women; and to prepare students, through a liberal education integrating curriculum and careers, for lives of thoughtful, effective, and purposeful engagement in the world.”

“Located in south hadley, massachusetts, mount holyoke college is a highly selective, nondenominational, residential, research liberal arts college for women that is gender diverse and welcomes applications from female, transgender, and non-binary students. Mount holyoke is renowned for educating women leaders, from medical pioneers to pulitzer prize-winning playwrights. The oldest of the seven sister colleges, we are a noted leader in liberal arts education with a mission grounded in the conviction that women can -- and should -- make a difference in the world.”

“*instruction, research, academic support and library services * mount holyoke college enrolls approximately 2,200 undergraduate students who benefit from small group instruction in a diverse college community with a student-to-faculty ratio of 9 to 1. Mount holyoke's 200+ accomplished faculty members are innovative teachers dedicated to their students. They are also active scholars, research scientists, and creative artists passionate about their disciplines. The college offers 48 departmental and interdepartmental majors. Through the liberal arts education, students explore art, literature, languages, philosophy, politics, history, mathematics and science rather than choosing one specialized track of study. The liberal arts also transcend the classroom. Students gain a complex understanding of the world in which they live through internships, study abroad, community-based learning, volunteer work and independent research. In addition to its undergraduate program, the college, through its division of professional and graduate education (page), offers a range of graduate degree programs, institutes, and courses to support emerging leaders, scientists and educators who want to increase their scope of impact in their respective fields. An integral part of the college community, library and information technology services facilitates the creative use of information and technology. It supports the educational priorities of the college by providing instruction, materials, staff expertise and equipment to sustain learning, teaching, research and the college's administrative functions.”

“*student services and residential life* the division of student life cultivates a dynamic, engaged and inclusive community that enriches the student experience, promotes wellness and belonging, and supports the purposeful development of every student. Inclusion, compassion, and authenticity are the foundations of mount holyoke's residential program. To this end, most residence halls house members of all four classes along with vibrant living-learning communities, including a residence hall dedicated exclusively to the enhancement of the first year experience. The college's residence halls are unique in design and character and offer many configurations as well as common spaces to meet the developing needs of students. Along with being committed to academic success, mount holyoke cares about the overall well being of students. The college offers a range of health, counseling, public safety, and accessibility services to support the needs of its students. The office of student involvement supports more than 100 student organizations and presents a wide array of cultural, entertainment and social events, in addition to providing students with opportunities for leadership, service, and engagement. The office of student involvement works to create a vibrant and inclusive co-curricular campus life that sustains mount holyoke college students as scholars, and offers them skills for leading a balanced life.”

“*dining services* at mount holyoke college, dining continues to be an integral part of a student's educational experience. The college's dining commons (dc), located within its community center, is a hub of student life where community members can converse, collaborate, and relax with one another. The dc, which was named a level 1 certified green restaurant, features five food stations that promote health, wellness and sustainability by focusing on international cuisine, vegan options and avoiding food with allergens. For its vegan-friendly dining, mount holyoke's dining services has been recognized by peta with an "a" rating, and is the only college in western massachusetts to earn such a high grade. With seating in six distinctive dining rooms, the dc offers students the opportunity to interact with one another, as well as with members of the entire campus community. These intentionally designed spaces provide students with a strong foundation from which to imagine and envision future possibilities, both curricular and co-curricular. These new spaces not only connect students to each other, but also to the beauty of the college's campus and provide new opportunities for creative work, thus maintaining the intimacy and purpose of the mount holyoke community dining experience. Dining services is responsible for all community center cash operations, vending, a bakery, and a warehouse. The qualified and experienced culinary production and service staff are dedicated to providing fresh, nutritious, well-prepared foods and offering diverse and extensive menu options for the entire mount holyoke college community.”

“Willits hallowell center support -895,513. Change in value of interest rate swaps 341,391. Change in fas 158 pension liability 441,546. Change in value of split interest agreements 1,440,888.”