Bryn Mawr College

“Form 990 was prepared by an external independent accounting firm. Form 990-T was prepared by the same independent accounting firm. A copy of the draft of Form 990 was reviewed by management and any changes were made. The Audit Committee reviews the form and related schedules and each committee member affirms either that the forms are acceptable or that changes are needed. All committee members are informed of the substantive changes made during this process and before the date of filing. A final copy of the Form 990 is provided to the full Board of Trustees before it is filed.”

“Bryn Mawr College has the following conflict of interest policies: 1-Duality of interest applicable to trustees, including advisory members of the Board of Trustees, officers, and key employees; 2-Financial conflict applicable to members of the trustee investment committee; 3-Outside employment applicable to faculty staff; 4-Acceptance of gifts applicable to faculty and staff; 5-Significant financial interest applicable to researchers and principal investigators. On an annual basis, trustees, officers, key employees, emeritus trustees and special advisors to the Board of Trustees committees complete a questionnaire to discover and report circumstances which may present a conflict of interest. The College monitors compliance with the trustee/officer conflict of interest policy by checking that the annual questionnaire is submitted by each person in a timely basis to College Counsel and by periodic reminders of the policy at full meetings of the Board of Trustees. The Colleges by-laws regarding Conflict of Interest state that any duality on the part of any Trustee shall be disclosed to the Board of Trustees, and made a matter of record through an annual procedure and also when the interest becomes a matter of Trustee action. Any Trustee having duality of interest shall not vote or use her or his personal influence on the matter, and s/he shall not be counted in determining the quorum for the meeting. The minutes of the meeting shall reflect that a disclosure was made, the abstention from voting and the quorum situation. Any new Trustee will be advised of this policy upon entering the duties of her or his office.”

“The College has a formal process for determining compensation for the chief executive (President), other officers, and key employees. Independent surveys are commissioned annually to update appropriate market data for each position. The President recommends the annual compensation for officers, and key employees. The Executive Committee reviews the recommendations and approves the compensation amounts. The Presidents compensation is determined by the Executive Committee. Compensation decisions are documented and communicated to the Human Resources Office for action.”

“The College makes it governing documents and conflict of interest policies available upon request. The College posts its audited financial statements and Form 990 on the Colleges website. Form 990T is available upon request.”

“Prior period adjustment ($23,231)”