Trustees Of Amherst College
- Assets
- $4.3b
- Revenue
- $407.7m
- Investments
- $3.0b
- Employees
- 3,096
- Location
- Amherst, MA
- Founding
- 08/1933
- Data as of
- 06/2020
- EIN
- 04-2103542
Organization Overview
Trustees Of Amherst College is located in Amherst, MA. The organization was established in 1933. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Trustees Of Amherst College employed 3,096 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Amherst College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Trustees Of Amherst College generated $407.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $360.5m during the year ending 06/2020. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trustees Of Amherst College has awarded 55 individual grants totaling $2,939,631. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: UNDERGRADUATE EDUCATIONAMHERST COLLEGE IS AN UNDERGRADUATE INSTITUTION WITH AN APPROXIMATE STUDENT ENROLLMENT OF 1,800.
HOME TO THE WORLD'S LARGEST SHAKESPEARE COLLECTION, THE FOLGER SHAKESPEARE LIBRARY IS A MAJOR CENTER FOR SCHOLARLY RESEARCH; A LIVELY VENUE FOR PERFORMANCES, READINGS, EXHIBITIONS; AND A NATIONAL LEADER IN HUMANITIES EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Letitia Johnson Chief Investment Officer | Officer | 40 | $792,272 |
Carolyn Martin President | OfficerTrustee | 40 | $641,452 |
Michael Witmore Folger Director | Officer | 40 | $430,798 |
Kevin Weinman Chief Fin & Admin Officer | Officer | 40 | $420,310 |
Austin Sarat A. Prov./dean Of Faculty | 40 | $381,316 | |
Elizabeth Cannon-Smith Chief Advancement Officer | Officer | 40 | $355,283 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sequoia Capital Investment Manager | 6/29/21 | $6,252,437 |
Lone Pine Capital Investment Manager | 6/29/21 | $14,833,202 |
Hillhouse Investment Management Ltd Investment Manager | 6/29/21 | $4,101,191 |
Broad Institute Medical Testing Service | 6/29/21 | $3,545,345 |
Abrams Capital Investment Manager | 6/29/21 | $3,455,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,147,553 |
| Investment income | $25,947,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $430,800 |
| Net Rental Income | -$219,015 |
| Net Gain/Loss on Asset Sales | $184,738,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $407,702,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $64,091,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $463,037 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,201,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,734,340 |
| Pension plan accruals and contributions | $8,529,449 |
| Other employee benefits | $15,991,998 |
| Payroll taxes | $7,282,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,134,037 |
| Fees for services: Accounting | $394,283 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,009,318 |
| Fees for services: Other | $12,956,872 |
| Advertising and promotion | $1,525,911 |
| Office expenses | $3,778,454 |
| Information technology | $4,056,418 |
| Royalties | $146,063 |
| Occupancy | $6,291,982 |
| Travel | $2,050,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,058,644 |
| Interest | $17,747,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,894,554 |
| Insurance | $1,033,477 |
| All other expenses | $0 |
| Total functional expenses | $360,484,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,259,590 |
| Savings and temporary cash investments | $443,751,473 |
| Pledges and grants receivable | $59,031,591 |
| Accounts receivable, net | $6,241,423 |
| Loans from Officers, Directors, or Controlling Persons | $760,357 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,812,703 |
| Inventories for sale or use | $283,983 |
| Prepaid expenses and deferred charges | $7,152,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,030,279,411 |
| Investments—program-related | $1,281,399 |
| Intangible assets | $0 |
| Other assets | $45,685,038 |
| Total assets | $4,260,760,426 |
| Accounts payable and accrued expenses | $15,222,642 |
| Grants payable | $0 |
| Deferred revenue | $2,740,661 |
| Tax-exempt bond liabilities | $175,170,000 |
| Escrow or custodial account liability | $1,065,737 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $403,163,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,502,975 |
| Total liabilities | $747,865,585 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,512,894,841 |
Grants Awarded
Over the last fiscal year, Trustees Of Amherst College has awarded $495,617 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF AMHERST PURPOSE: SUPPORT TOWN BUDGET | $140,000 |
Amherst, MA PURPOSE: GENERAL SUPPORT | $137,031 |
Amherst, MA PURPOSE: SUPPORT CONSORTIUM | $100,000 |
AMHERST-PELHAM REGIONAL HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $65,000 |
AMHERST BUSINESS IMPROVEMENT DISTRICT PURPOSE: GENERAL SUPPORT | $30,500 |
NEW ENGLAND PUBLIC MEDIA PURPOSE: GENERAL SUPPORT | $23,086 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Trustees Of Amherst College has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Berkshire Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $2,920,494,006 |
| Earnings | $1,558,216,605 |
| Admin Expense | $64,671,868 |
| Net Contributions | $22,710,434 |
| Other Expense | $107,047,350 |
| Grants | $29,170,697 |
| Ending Balance | $4,300,531,130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Providence College Providence, RI | $748,292,244 | $299,300,711 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |