Gettysburg College

“The form 990 is prepared by gettysburg college and is reviewed by college management and an independent tax firm for completeness and accuracy. Prior to filing, form 990 is made available to all members of the board of trustees via the board portal. In addition, management specifically meets with the audit, compliance and risk committee to review the form 990 prior to filing.”

“The college monitors and enforces its conflict of interest policy through the use of an annual signed statement from trustees, administrative officers, department directors, and chairpersons. By signing the conflict of interest disclosure statement, an individual certifies that they have reviewed the college's conflict of interest policy, acknowledged responsibility to place the interest of the college above personal interest in executing duties, and discloses any possible personal, familial, and/or business relationships that reasonably could give rise to a conflict of interest involving gettysburg college. Completion of the form is also acknowledgement that individuals have a responsibility under the policy to advise the board of any significant changes. Trustees, administrative officers, or directors who have a conflict of interest in a proposed transaction are required to refrain from participating in consideration of the transaction. Additional restrictions on transactions between the college and (i) a trustee, (ii) a family member of a trustee, (iii) member of president's council, (iv) a family member of a member of the president's council, or (v) any organization with whom any of the foregoing persons have a business relationship (collectively a "disqualified party") exist. As a general policy, the college shall not transact business with a disqualified party, and no disqualified party shall solicit business from the college if it would create a potential conflict of interest. Certain exceptions apply as specified in the policy.”

“The executive compensation committee of the board of trustees (the ecc) is charged with the responsibility to regularly review and recommend to the board of trustees for approval adjustments to the compensation of the president. The ecc is further charged with the responsibility to be fully informed about and ratify the compensation status for each of the other officers, based on the recommendations of the president. To assist in the assessment of reasonableness for compensation adjustments for the president and other officers, the ecc periodically retains an independent compensation consultant to compile a compensation study which relies on market data relevant in scope and scale to operating responsibilities within the college. The compensation study, performance reviews and compensation plans are reviewed and endorsed during an ecc meeting. A summary of recommendations for the president's compensation is shared with the full board of trustees. Compensation decisions are reflected in salary letters and amendments to the president's employment agreement as necessary. Deliberations and decisions are formally documented in the minutes which are maintained for all ecc meetings.”

“Gettysburg college makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Gettysburg college is a residential, undergraduate college of the liberal arts and sciences that prepares students from across the nation and around the globe to pursue lives of personal and professional fulfillment and to engage the complex questions of our time through effective leadership and socially responsible citizenship. This statement is grounded in the core values of the institution: 1) the worth and dignity of all people and the limitless value of their intellectual potential; 2) the commitment to a diverse and inclusive learning environment; 3) the power of a liberal arts education to help students develop critical thinking skills, broad vision, effective communication, a sense of the inter-relatedness of all knowledge, sensitivity to the human condition, and a global perspective, all necessary to enable students to realize their full potential for responsible citizenship; 4) the enrichment of the traditional liberal arts and sciences curriculum with the most promising intellectual developments of our time; 5) the free and open exchange of ideas and the exploration of their ethical and spiritual dimensions; 6) the value of a lifelong commitment to service, and the role of the college in both providing an example of public service for students and fostering a commitment to service among our young people; 7) the value of ethical leadership that is inclusive, collaborative, and directed towards effecting change for the greater good; 8) our conviction that a residential college best promotes the sense of community, central to a liberal arts education, in which personal relationships between students, faculty, and staff can flourish.”

“Change in cash surrender value of life insurance -36,300. Change in value of split-interest agreements -344,270. Post retirement changes -729,319. Change in net assets of related entities 1,717,745. Disregarded entity -1,765,692. Prior year grant refunds and pledge write-offs -382,780.”