Clarkson University

“Bayard D Clarkson Sr. and Bayard D Clarkson Jr. are both current trustees and have a family relationship.”

“The following process was observed by the University regarding the IRS Form 990: The return was prepared by management with a review performed by a qualifying tax consultant; a draft was presented to the audit committee of the board of trustees for review and approval; a copy of the final return was distributed to all board members before electronically filing the return with the Internal Revenue Service.”

“All trustees, officers and key employees are required to annually complete a conflict of interest statement. The statements are reviewed by the chair of the audit committee and addressed in governance meetings as needed.”

“The University's top management official is the President, the Chief Financial Officer is the Treasurer of the corporation and the key employees are as follows: Senior Vice President and Provost, Dean of the School of Business, Dean of Engineering, Dean of Arts and Sciences, and the CEO of Beacon Institute. The above positions compensation packages are reviewed and approved by the executive committee of the board of trustees. The committee conducts a comprehensive review by using data from multiple sources (most notably AITU data and salaries posted in the Chronicle of Higher Education) for comparable Universities. Input was solicited from the full board into the executive committee deliberations. This was documented in the minutes of the board of trustees. This process is performed annually. The University believes its procedures regarding executive compensation meets the rebuttable presumption requirements described in regulation section 53.4958-6(c).”

“The University posts its conflict of interest policy on its website in the Operations Manual found under the Human Resources link. The consolidated financial statements are available on the University website, while the IRS Form 990, Form 990T, and governance documents are made available upon request.”

“Our primary mission is to educate talented and motivated men and women to become successful professionals through quality pre-collegiate, undergraduate, graduate and professional continuing educational programs, with particular emphasis on the undergraduate experience. Our community and campus settings enhance the quality of student life and afford students access to and interaction with their faculty. We value the diversity of our University community, and we strive to attune ourselves and our programs to our global, pluralistic society. We share the belief that humane economic and social development derive from the expansion, diffusion and application of knowledge.”

“Related entity revenue ($41,135). Related entity revenue ($20,431). Change to post-retirement benefits ($3,130,282).”