Lafayette College

“The college's accounting policy provides that a tax expense/benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on technical merits. The college does not believe its financial statements include uncertain tax positions. The college believes it is no longer subject to income tax examinations for the years prior to 2011.”

“Scholarships and fellowships -38,194,152. Change in annuities payable estimate -3,984,168. Change in fv of interest rate hedge/swap agreements 13,659. Change in post retirement benefit cost -3,590,000.”

“Fundraising revenues to extent expended -33,813. Rental revenues to extent expended -693,493. College store (cogs) revenues to extent expended -1,766,138.”

“Fundraising revenues to extent expended 33,813. Rental revenues to extent expended 693,493. College store (cogs) revenue to extent expended 1,766,138.”

“Scholarships and fellowships 38,194,152.”

“Among the rich resources provided for students is a fine, small art collection. The collection includes eighteenth-through early twenty-first century american and european paintings, prints, and sculpture; vintage photographs; and contemporary american sculpture and paintings. Recent acquisitions build on the strength of the existing collections. The mission statement for the art collections is to document, preserve for future generations, exhibit, and make accessible the college's art collection to the students, public, and scholars through exhibitions, publications, reproductions, and by granting access for research purposes. The administration of the art collection complies with museum-field wide standards of care (see american alliance of museums, aam). Students have curated exhibitions from the collections; when appropriate, artwork is loaned to other institutions for exhibitions of scholarly importance; images of artwork are readily available for reproductions in commercial (ex: text books) and academic-scholarly publications (generally at no charge or a nominal fee). Lafayette college's special collections and college archives the lafayette college's special collections and college archives are home to approximately 20,000 rare books and more than 2,000 cubic feet of manuscripts and archives. The holdings include manuscripts, rare book collections on stephen crane, angling, miniature books, and artists' books; papers of former treasury secretary william e. Simon, new jersey governor robert e. Meyner and congresswoman helen meyner; the early records of the easton-based dixie cup company and the papers of noted illustrator and artist howard chandler christy. The college archives serves as the repository for the records of lafayette college, dating back to the founding of the college in 1824-1826. It is charged with records management responsibilities for current college records. The archives also include more than 50,000 photographs, audio-visual recordings, and objects that document the college's history. Lafayette college mineral collection the department of geology and environmental geoscience houses the college's mineral, gem, and fossil collection that consists of more than 10,000 specimens. The collection was started over a century ago and has grown through the gift of many private collections. The collection is housed in van wickle hall and a large number of specimens are on display in the geology museum in the center of van wickle hall. The collection is managed by a professional curator who works part time to curate the collection and cycle minerals from storage through the display cases. The growth and maintenance of the collection is partially supported by an endowed fund gifted by john pohl along with the donation of his mineral collection in 1952. The collection has grown significantly during the past 10 years with donations totaling more than 1,000 specimens from several donors. The centerpiece of the collection is a two-ton piece of orbucular granodiorite quarried in western australia. The granitoid formed in a magma chamber 2.7 billion years ago and the orbicular texture earned it the informal name of the leopard rock. The collection is enjoyed by the lafayette community, elementary and secondary students, youth groups, and the community at large.”

“The intent of the college's investment guidelines for its endowment is to provide a predictable stream of funding to the college's programs from the endowment while seeking to maintain the purchasing power of the endowment assets. The college's endowment consists of approximately 1,300 endowed funds that are established for a variety of purposes. Endowment contributions include gifts as well as transfers to board designated funds. Earnings on endowment funds are designated for scholarships, professorships, chairs, student loans, instructional programs, library purchases, general operations, and other designated purposes.”