TY 2011 Form 990 Schedule O

efile Public Visual Render Submission Date - 2013-05-14 TIN: 03-0179298

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

President and Fellows of Middlebury College

Employer identification number

03-0179298

Identifier	Return Reference	Explanation
	Form 990, Part VI, Section A, line 1	The College has an executive committee who has broad authority to act on behalf of the Board of Trustees. The executive committee is comprised of trustees who are currently serving on the governing Board of Trustees.
	Form 990, Part VI, Section B, line 11	The return is prepared by Management and reviewed with Tax Counsel. Management presents the Form 990 to the Audit Committee for a detailed review. Once the Audit Committee has completed their review, management provides the return to the full Board of Trustees. The full board receives the Form 990 before it is filed with the IRS. The Form 990 is posted in the electronic board book and trustees are notified when the return is available. The return is given to the full board as it is filed with the exception of the names of anonymous donors on schedule B.
	Form 990, Part VI, Section B, line 12c	The College has a written conflict of interest policy. Each member of the Board of Trustees or an Advisory Board is given the written policy and is requested to review and understand the terms of the policy and to immediately disclose any possible financial, personal, familial, or business relationship that may give rise to a conflict. Each Trustee completes an annual disclosure form. The disclosure forms are reviewed annually by Management and the Audit Committee Chair.
	Form 990, Part VI, Section B, line 15	The College has a formal compensation committee who reviews and recommends to the full board the compensation for the top management officials.
	Form 990, Part VI, Section C, line 19	The College has made the annual audited financial statements available to the general public by posting the statements on the website of Middlebury College. The College will also provide copies upon request and copies are available in the financial offices. The conflict of interest policy is also posted on the website.
Changes in Net Assets or Fund Balances:	Form 990, Part XI, line 5:	Net unrealized losses on investments: -29,156,302. Change in deferred gifts -1,880,694. rounding 1,452. Total to Form 990, Part XI, Line 5: -31,035,544.
		Part XII, Line 2c: The College has not changed its oversight process or selection process.

Identifier

Return Reference

Explanation

Form 990, Part VI, Section A, line 1

The College has an executive committee who has broad authority to act on behalf of the Board of Trustees. The executive committee is comprised of trustees who are currently serving on the governing Board of Trustees.

Form 990, Part VI, Section B, line 11

The return is prepared by Management and reviewed with Tax Counsel. Management presents the Form 990 to the Audit Committee for a detailed review. Once the Audit Committee has completed their review, management provides the return to the full Board of Trustees. The full board receives the Form 990 before it is filed with the IRS. The Form 990 is posted in the electronic board book and trustees are notified when the return is available. The return is given to the full board as it is filed with the exception of the names of anonymous donors on schedule B.

Form 990, Part VI, Section B, line 12c

The College has a written conflict of interest policy. Each member of the Board of Trustees or an Advisory Board is given the written policy and is requested to review and understand the terms of the policy and to immediately disclose any possible financial, personal, familial, or business relationship that may give rise to a conflict. Each Trustee completes an annual disclosure form. The disclosure forms are reviewed annually by Management and the Audit Committee Chair.

Form 990, Part VI, Section B, line 15

The College has a formal compensation committee who reviews and recommends to the full board the compensation for the top management officials.

Form 990, Part VI, Section C, line 19

The College has made the annual audited financial statements available to the general public by posting the statements on the website of Middlebury College. The College will also provide copies upon request and copies are available in the financial offices. The conflict of interest policy is also posted on the website.

Changes in Net Assets or Fund Balances:

Form 990, Part XI, line 5:

Net unrealized losses on investments: -29,156,302. Change in deferred gifts -1,880,694. rounding 1,452. Total to Form 990, Part XI, Line 5: -31,035,544.

Part XII, Line 2c: The College has not changed its oversight process or selection process.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2011

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