Kenyon College

“Form 990 review - the board has delegated the review and approval of form 990 to the audit subcommittee of the budget, finance, and audit committee. The review is conducted with the assistance of the outside public accounting firm.”

“Form 990 provided to governing body - the college has distributed form 990 to the full board of trustees with the exception of donor information on schedule b. Because of schedule b's private and confidential nature, the board has delegated the authority and responsibility for reviewing that schedule to the chair of the board and the chair of the audit subcommittee on behalf of the full board. As such, we are required to answer "no" to the question on line 11a even though a copy of form 990 (with redacted donor information on schedule b) was provided to the trustees.”

“Monitoring and enforcement of conflict policy - the college's conflict policy is distributed at the fall meeting of the board of trustees. Annually, officers and trustees are asked to disclose conflicts, and these disclosures are monitored. If a conflict arises, the person is not permitted to vote or participate in the discussion of the proposed transaction. People who are independent of the individual make the decision on the transaction.”

“Review and approval of compensation - comparability salary studies from peer institutions are performed for the college's president and for members of senior staff. Recommendations are presented to and approved by the executive committee of the board of trustees. The trustees are independent of the individuals for whom compensation decisions are being made. The deliberations and decisions of the executive committee are noted in the committee's minutes.”

“Availability of documents - the college makes its financial statements available to the public on its website. The college makes its governing documents and conflict policy available to the public upon request.”

“Our mission: at kenyon, we build strong foundations for lives of purpose and consequence. We harness the transformative power of a liberal arts education engaging in spirited, informed, and collaborative inquiry to form a deeper, more nuanced understanding of the world and all who inhabit it. Our values: intellectual empowerment and creativity: we cultivate intellectual courage and humility in equal measure. We confront enduring and emerging questions with honesty and imagination. In the tradition of the liberal arts, we seek greater self-awareness and equip ourselves to learn for a lifetime. Embracing differences: we commit to engaging a wide range of viewpoints, developing compassionate thinkers who value and embrace diverse cultures and identities. We believe equitable access to opportunity is essential to fostering a community in which every person has a sense of full belonging and the tools to reach their full potential. Kindness, respect, and integrity: we treat one another with respect and kindness, speaking with sincerity and acting with integrity, for we recognize the fundamental dignity of all. This unifies us across our backgrounds, identities, and positions. Practicing these challenging ideals connects us to the best parts of what makes us human. We support a culture in which we contribute to the well-being of others while we also care for ourselves. Enduring connections to people and place: our residential environment promotes rich collaborations and lifelong connections. We form a close-knit and lasting community with strong ties to the village, county, nation, and world. Our natural setting shapes the way we learn and live, and we recognize our vital role in stewarding the environment.”

“On january 30, 2020, the world health organization declared the outbreak of the coronavirus disease 2019 (covid-19) a global health emergency and subsequently declared the covid-19 outbreak a global pandemic in march, 2020. The pandemic has adversely affected domestic and global economic activity and the full impact continues to evolve. The college made a number of budget adjustments in the 2020-21 fiscal year that it believes should help the college navigate through the rest of the 2020-21 fiscal year without any major disruption to the academic program.”

“Change in interest rate swap obligation 494,240.”