Williams College

“Williams college's governing body and governing documents delegate authority on a limited scope to an executive committee consisting of the board chair, the president of the college, and 5-7 other board members selected annually by the chair and president acting jointly.”

“Matthew Harris and Gretchen Howard - Business relationship”

“WORKING WITH CROWE LLP, THE FORM 990 IS PREPARED FOR REVIEW BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. CROWE LLP SIGNS THE RETURN AS PAID PREPARER. The final Form 990 is provided to the full board in advance of filing with the IRS.”

“Trustees, officers, and senior staff are required to complete a conflict of interest disclosure annually. The disclosure forms are reviewed by the chair of the audit committee. Trustees or officers having a conflict of interest on any matter that comes before the board, or any committee of the board, for action recuse themselves from participating in the decision. Employees are required to complete a conflict of interest disclosure form annually. Disclosures are reviewed by department heads and senior staff. Any employee with a conflict of interest would be precluded from involvement in decision making or financial dealings with the entity or relationship giving rise to the conflict. Trustees, officers, and employees are required to report any mid-year changes to the president's office and their supervisor respectively.”

“Williams College assigns the duty of setting the President's compensation to the Executive Committee of the Board of Trustees that annually reviews compensation. The Executive Committee considers compensation surveys, market data, and analysis. The deliberations and decisions are documented. This process took place in Spring of 2024.”

“The compensation of the organization's other officers and key employees is determined by the President. Each year, the Chief Human Resources Officer provides the President with a multiyear summary of compensation benchmarking data for members of senior staff. The benchmarking data comprises salary survey data aggregated by the College and University Professional Association of Human Resources, as well as an independent survey administered by Sullivan Cotter. The President consults with the Executive Committee of the board and the deliberations and decisions are documented. This process took place in Spring of 2024.”

“THE FORM 990 IS AVAILABLE UPON REQUEST, ON THE COLLEGE WEBSITE, AND ON GUIDESTAR.ORG. THE FORM 990-t IS AVAILABLE UPON REQUEST.”

“Williams college's governing documents, conflict of interest policy, and financial statements are posted on the college website.”

“Williams seeks to provide the finest possible liberal arts education by nurturing in its students the academic and civic virtues and their related traits of character. As both an educational and social imperative, williams welcomes talented students irrespective of their financial resources. Once enrolled, they learn - both inside and outside the classroom - that the privilege of a williams education implies both the opportunity and responsibility to serve society at large. The college strives to achieve such excellence by fostering a community of learning that comprises students, faculty and staff, in partnership with networks of deeply devoted alumni and parents.”

“Investment income, annuitant payments and change in value of split-interest agreements, net - -2130925; Adjustments for post-employment liabilities - -2234381; Unrealized gains on interest rate swaps - 1980297; Change in Noncontrolling interest - -1531520; Change in deferred tax liability and payable - nonoperating - -3874857; Other Adjustments - 157448; Gain on purchase of noncontrolling interest - 1390348; Write off of uncollectible contributions receivable - -1178423;”

“The region reported in column (a) for the college's investments is based on the legal domicile of the investment fund as provided in the schedule f instructions. This does not necessarily include the region of the underlying investments or the region where the investment activity occurs.”

“All expenses of our programs are recorded as expenses in the financial statements of the college.”