Sweet Briar Institute

“THE 990 FORM AND REQUIRED SCHEDULES WERE REVIEWED BY MANAGEMENT PRIOR to FILING. AN ELECTRONIC VERSION OF THE RETURN WAS MADE AVAILABLE TO THE OFFICERS AND DIRECTORS OF THE INSTITUTE PRIOR TO FILING.”

“Officers, directors, and key employees are required to submit an annual disclosure in accordance with the sweet briar college written conflict of interest policy. Conflict of interest forms are filed with the president's office annually and are reviewed by the cfo and the board's audit committee. In general, when an individual covered by this policy is deemed to be in a conflict of interest situation with respect to any matter before the board or administration, that individual shall refrain from participating in the consideration of any proposed transaction which may be impaired by the potential conflict, unless specifically requested to provide information regarding the transaction in question. Such person shall not vote on or take any position for or against the proposed transaction, nor shall she or he attempt to influence the votes or positions of others. When deemed appropriate, a note in the minutes of the meeting shall specify that the person involved neither participated in consideration of the proposed transaction nor voted on the matter. In all instances where a conflict of interest is determined to exist, such conflicts, and their remedy, shall be disclosed to the board at least annually.”

“Compensation for the president/ceo is determined by information provided to the compensation committee, is approved by the board, and documented in a written employment contract. The pay for the current president has not been adjusted since hired in 2017. In determining newly hired executives' pay, data is acquired from search consultants, regional salary surveys and general pay ranges that are linked in general terms to various cupa surveys.”

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

“Organization mission: sweet briar college prepares women to be productive, responsible members of a world community. It focuses on personal and professional achievement through a customized educational program that combines the liberal arts, preparation for careers and individual development. The faculty and staff guide students to become active learners, to reason clearly, to speak and write persuasively and to lead with integrity. They do so by creating an educational environment that is both intense and supportive and where learning occurs in many different venues, including the classroom, the community and the world.”

“Unrealized endowment gain 14,232,279 change in split interest agreements 250,762 unrealized gain on perpetual trusts 1,274,074 transfer of assets from sbc restoration 568,110 total 16,325,225”