Lycoming College

“The college archives maintain a collection of documents and photographs preserving the history of the college, as well as artifacts and unique items such as student and group scrapbooks, a collection of college postcards, departmental honors papers, and historical methods papers. These archival materials follow the history of the school from its earliest incarnation as the williamsport academy (1812-1848), through its years as williamsport dickinson seminary (1848-1928) and williamsport dickinson seminary and junior college (1928-1947) to lycoming college (1948-present). The purpose of the lycoming college archives is to collect inactive materials of many types that reflect upon our heritage through the history, development, and administration of lycoming college, and to strengthen the educational mission of the college by preserving and making available for research various materials of a unique nature that relate to the history of the institution. A fundamental purpose of the collection is to engage students actively in original research while reaching a reasonable compromise between use and preservation. The lycoming college art gallery enriches the cultural life on campus, in the williamsport community, and throughout the region. The exhibitions presented and the programs which accompany them (lectures, artist gallery talks, class visits, etc.) are intended to deepen the understanding of art, both historical and of our time, and to complement the college's visual arts curriculum and other interdisciplinary academic programs. The gallery also serves the art history and studio art curricular by providing an opportunity for object-centered learning, and the humanities curricular, through the presentation of unique cultural and historic works of art. We hope to challenge and stimulate our students and the public by exposing them to new ideas and encouraging them to think independently and creatively about their work and their world. The lycoming college art gallery is a wonderful resource for students and the williamsport community, a nice change of venue for faculty, a restful escape for staff, and a great place for everyone to bring friends and family, thereby increasing the visibility of lycoming college.”

“The fund serves two goals: (a) to offset expenditures of the institution not covered by the normal operating funds and (b) to ensure that future growth is sufficient to offset inflation plus reasonable spending, thereby preserving the constant dollar value and purchasing power of the fund. This will be accomplished through a carefully planned and executed long-term investment program. The objective of the investment program is to enhance the fund's long-term viability by maximizing the value of the fund with a prudent level of risk. A successful investment program must be balanced by a restrained endowment spending policy.”

“The college accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined that there were no tax uncertainties that the met recognition threshold in fiscal year 2014 and 2013. The college's federal return of organization exempt from income tax returns for the years ended june 30, 2013, 2012, and 2011 and the federal exempt organization business income tax returns (form 990-t) for the years ended june 30 2013, 2012, and 2011 remain subject to examination by the internal revenue service.”

“Change in value of split-interest agreements 172,353. Change in beneficial interest in perpetual trusts 52,228. Change in postretirement benefit liability adjustment -286,321. Grants & scholarships -23,911,079.”

“Campus store expenses -629,056.”

“Campus store expenses 629,056.”

“Grants & scholarships 23,911,079.”