Trustees Of Hamilton College
- Assets
- $1.4b
- Revenue
- $220.1m
- Investments
- $573.4m
- Employees
- 2,218
- Location
- Clinton, NY
- Founding
- 02/1942
- Data as of
- 06/2020
- EIN
- 15-0532200
Organization Overview
Trustees Of Hamilton College is located in Clinton, NY. The organization was established in 1942. 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 Hamilton College employed 2,218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Hamilton 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 Hamilton College generated $220.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $199.8m during the year ending 06/2020. While expenses have increased by 1.8% 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 Hamilton College has awarded 46 individual grants totaling $782,064. 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
HAMILTON COLLEGE PREPARES STUDENTS FOR LIVES OF MEANING, PURPOSE, AND ACTIVE CITIZENSHIP. GUIDED BY THE MOTTO "KNOW THYSELF," THE COLLEGE EMPHASIZES INTELLECTUAL GROWTH, FLEXIBILITY, AND COLLABORATION IN A RESIDENTIAL ACADEMIC COMMUNITY. HAMILTON STUDENTS LEARN TO THINK INDEPENDENTLY, EMBRACE DIFFERENCE, WRITE AND SPEAK PERSUASIVELY, AND ENGAGE ISSUES ETHICALLY AND CREATIVELY. ONE OF AMERICA'S FIRST LIBERAL ARTS COLLEGES, HAMILTON ENABLES ITS STUDENTS TO EFFECT POSITIVE CHANGE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A LIBERAL ARTS EDUCATION TO APPROXIMATELY 1920 UNDERGRADUATE STUDENTS, HAMILTON COLLEGE IS COMMITTED TO ITS TRADITION OF BEING A SCHOOL OF OPPORTUNITY AND PROVIDES FINANCIAL AID PACKAGES TO APPROXIMATELY 50% OF ITS STUDENTS. THE COLLEGE'S FULL TIME EQUIVALENT FACULTY WAS 211 AND MOST HOLD THE HIGHEST OBTAINABLE DEGREE IN THEIR FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Dinneen Chief Investment Officer | Officer | 40 | $1,029,518 |
David Wippman President | OfficerTrustee | 40 | $574,423 |
Sara Orr Director Of Investments | 40 | $391,216 | |
Karen L Leach VP Admin & Finance | Officer | 40 | $352,266 |
Alexander Doucette Director Of Investments | 40 | $310,583 | |
Monica Inzer VP Enrollment Management | Officer | 40 | $290,206 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Broad Institute Covid Testing | 6/29/21 | $4,036,150 |
Daniel O'connell's Son's Inc Design Services | 6/29/21 | $2,220,773 |
Adams And Reese Llp Legal Services | 6/29/21 | $477,377 |
Compass Group Usa Bon Appetit Dining Services | 6/29/21 | $6,990,900 |
Lechase Construction Services Construction Services | 6/29/21 | $2,665,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,796,951 |
| Investment income | $10,870,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,671 |
| Net Gain/Loss on Asset Sales | $40,386,166 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,131,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $45,434,417 |
| Grants and other assistance to Foreign Orgs/Individuals | $575,081 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,293,731 |
| Compensation to disqualified persons | $559,692 |
| Other salaries and wages | $58,499,369 |
| Pension plan accruals and contributions | $5,308,127 |
| Other employee benefits | $7,632,115 |
| Payroll taxes | $4,642,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,564,189 |
| Fees for services: Accounting | $196,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,856,988 |
| Fees for services: Other | $4,836,734 |
| Advertising and promotion | $374,144 |
| Office expenses | $7,445,601 |
| Information technology | $2,013,215 |
| Royalties | $0 |
| Occupancy | $4,154,843 |
| Travel | $4,978,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,383 |
| Interest | $6,501,077 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,535,557 |
| Insurance | $1,230,776 |
| All other expenses | $0 |
| Total functional expenses | $199,798,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,772,003 |
| Pledges and grants receivable | $19,643,195 |
| Accounts receivable, net | $3,547,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $678,281 |
| Prepaid expenses and deferred charges | $4,933,807 |
| Investments—publicly traded securities | $500,118,049 |
| Investments—other securities | $573,369,243 |
| Investments—program-related | $4,808,728 |
| Intangible assets | $0 |
| Other assets | $7,130,427 |
| Total assets | $1,394,895,135 |
| Accounts payable and accrued expenses | $9,040,054 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $30,423,946 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $100,570,487 |
| Other liabilities | $27,330,648 |
| Total liabilities | $167,365,135 |
| 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 | $1,227,530,000 |
Grants Awarded
Over the last fiscal year, Trustees Of Hamilton College has awarded $117,855 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CLINTON SCHOOL PURPOSE: Grant to support local school. | $23,550 |
Clinton, NY PURPOSE: grant for local community trail development | $20,105 |
Clinton, NY PURPOSE: Grant to support local arts community | $20,000 |
CLINTON FIRE DEPARTMENT PURPOSE: Grant to support local fire department. | $20,000 |
Clinton, NY PURPOSE: Grant to support local school activities | $15,700 |
Clinton, NY PURPOSE: Grant to support local daycare center | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trustees Of Hamilton College has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
Taylor S Abernathy And Patti Harding Abernathy Charitable Trust Dallas, TX PURPOSE: SUPPORT ABERNATHY | $31,000 |
Endowment Analysis
| Beg. Balance | $1,020,321,000 |
| Earnings | $401,883,304 |
| Admin Expense | $11,366,304 |
| Net Contributions | $44,748,000 |
| Other Expense | $25,533,689 |
| Grants | $18,516,311 |
| Ending Balance | $1,411,536,000 |
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 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
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 |