Trustees of Tufts College

“The university's in-house tax department prepared the annual information tax filing for fy24. As part of that effort it included a limited-scope tax engagement with pricewaterhousecoopers, llp as a consultant to review specific areas of the tax return. A comprehensive draft form 990 was then reviewed by management and the audit, risk and compliance committee before the return was finalized. A final copy of the form 990, as filed, was provided to the full governing body for their review prior to it being filed with the irs.”

“The trustees office at tufts university maintains a statement of compliance and a disclosure form which is used to disclose any conflicts of interest for officers, key employees, and governing board members on an annual basis. These individuals are asked to read the conflict of interest policy and complete an internet-based questionnaire. Each individual is required to disclose any potential or real conflicts in a statement that is signed, dated, and submitted electronically to the trustees office. In addition, as part of the annual monitoring process, conflict disclosures are reported to the audit, risk, and compliance committee. The audit, risk, and compliance committee is notified and reviews such disclosures and advises on any necessary actions. Thereafter, if a disclosure is deemed to be a conflict, the individual would then confirm that they will not participate in any decisions relating to the specific disclosed conflict.”

“Executive compensation is determined by the trustee compensation committee which uses comprehensive and relevant resources and information. The compensation committee consists of the chairman of the board of trustees who may serve as the chair, along with additional members, each serving with no term limits. These individuals are chosen for their particular experience with compensation matters. The committee meets at least annually and uses survey data from human resources that have been gathered from willis towers watson, an external, global, professional services company. The executive compensation survey includes select peer institutional data in the larger competitive marketplace. Also, when certain data is unavailable, human resources assembles information from the cupa higher education salary survey. Additionally, salary recommendations and performance reviews are provided to the compensation committee to assist them in the decision making process. The compensation committee deliberates and votes while contemporaneously documenting its decisions relating to compensation. Regarding the college president, after having collected feedback from trustees, the chairman of the compensation committee conducts an annual performance review before the close of the fiscal year.”

“For other executives, including senior officers, key employees and deans, the university human resources office used compensation surveys to benchmark each individual's job to the relevant market to ensure proper equitable compensation. Additionally, the compensation committee also received written performance evaluations during the same time period along with recommendations from the president, provost and executive vice president, as well as the senior vice president for university advancement, senior vice president for university relations and general counsel, for their direct reports who fall into these categories.”

“TRUSTEES OF TUFTS COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ALL INFORMATION IS AVAILABLE UPON REQUEST. IN ADDITION, AUDITED FINANCIAL STATEMENTS are included as an attachment to the MASSACHUSETTS Form PC, which is a public document AND can also be found with THE CONFLICT OF INTEREST/BUSINESS CONDUCT POLICIES ON THE TUFTS UNIVERSITY WEBSITE, AT WWW.TUFTS.EDU.”

“Dr. Anthony Monaco left his position as University President on 7/1/2023. He continues to be employed at the University as a Professor. Eric C. Johnson serves as Senior Philanthropic Advisor and Assistant Secretary of the Corporation - Start Date 2/5/2024. He previously served as SVP - University Advancement up until 2/4/2024. Amartya Kumar Ray serves as VP for Strategic Initiatives & Chief of Staff - Start Date 2/28/2024. His previous role was Chief of Staff and Senior Advisor to the President & Assistant Secretary of the Corporation until 2/27/2024.”

“Tufts university has numerous volunteers including its trustees and alumni who dedicate their time, experience, and efforts to the university. As a result of having such a large audience of volunteers across our 4 campuses, the accounting process is quite fragmented. Therefore, without a centralized counting system to track all of our volunteers, there is currently not an accurate way to properly track or reasonably estimate the actual number of those individuals participating in volunteer-related activities.”

“Tufts University is a student-centered research institution dedicated to the creation and application of knowledge. With approximately 12,615 full-time students from 124 countries, we are committed to providing A transformative experience for students and faculty in an inclusive and collaborative environment where creative scholars generate bold ideas, innovate in the face of complex challenges and distinguish themselves as active citizens of the world. TUFTS UNIVERSITY'S FOCUS ON INNOVATION AND PROGRESSIVE THINKING TOOK ROOT AT ITS FOUNDING AS A LIBERAL ARTS COLLEGE IN 1852. TODAY, TUFTS UNDERGRADUATE, GRADUATE AND PROFESSIONAL SCHOOLS ARE RECOGNIZED FOR THEIR DEDICATION TO EDUCATING NEW LEADERS FOR OUR CHANGING WORLD AND TUFTS IS RECOGNIZED AMONGST THE MOST SELECTIVE ACADEMIC AND RESEARCH UNIVERSITIES IN THE UNITED STATES. SUPERB TEACHING AND WORLD-CLASS RESEARCH EQUIP TUFTS GRADUATES TO ADDRESS MULTI-FACETED CHALLENGES AROUND THE GLOBE. CREATIVE CROSS-SCHOOL COLLABORATIONS AND MULTIDISCIPLINARY CENTERS ENGAGE STUDENTS IN SEEKING SOLUTIONS TO COMPLEX ECONOMIC, HEALTH, POLITICAL AND ENVIRONMENTAL ISSUES EVEN BEFORE THEY GRADUATE. A GROWING NUMBER OF INNOVATIVE RESEARCH INITIATIVES AND JOINT DEGREE PROGRAMS ARE AVAILABLE FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS IN LIBERAL ARTS, SCIENCES AND ENGINEERING AND THE UNIVERSITY'S GRADUATE AND PROFESSIONAL SCHOOLS.”

“Consolidated Entities Revenue - 69657; Cumulative Effect of Accounting Change SFAS 158 - 914581; Change in split Interest Agreement - 1376424; Change in fair value of interest rate agreements - 7476796; Investment in Tufts Shared Services, Inc. - 1233095;”