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Trustees of Hamilton College

Clinton, NY · EIN 150532200 · Form 990 · FY2024 · NTEE B420 · Education · Very Large (>$50M) · hamilton.edu
revenue
$348.8M
expenses
$249.0M
net assets
$1.7B
employees
2,502
volunteers
1,000
program ratio
84%
mission · from form 990

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.

profile · synthesized from sources

Hamilton College is a private liberal arts college in Clinton, New York, founded in 1793 and chartered in 1812. It offers a Bachelor of Arts degree through an open curriculum that emphasizes critical thinking, communication, and personal growth. The college serves a residential undergraduate student body of approximately 2,000, drawn from all U.S. states and 61 countries, with a 9:1 student-faculty ratio and a commitment to meeting full demonstrated financial need.

named programs · 5 · from sources

What they call their work

ALEX (Advise, Learn, EXperience)
Integrated advising and experiential learning program that supports students in academic planning, research, internships, study abroad, and personal development.
Cram and Scram
Annual reuse event where students can purchase gently used items donated at the end of the academic year, diverting approximately 10,000 pounds of waste from landfills annually.
Horowitch Career Center
Provides career counseling, internship placements, résumé workshops, and graduate school advising to prepare students for life after graduation.
Open Curriculum
Hamilton’s distinctive academic model allows students to design their own course of study without required core classes, fostering intellectual independence and exploration.
Sustainability Working Group and Green Attributes Project
Student-led and faculty-supported initiatives promoting environmental stewardship through reforestation, waste reduction, sustainable landscaping, and climate action.
activities · 14 groups

What they do

  • Facility Accessibility Improvements 2 activities
    • Conduct campus-wide accessibility assessments
      Conduct comprehensive accessibility assessments for over 50 campus buildings and grounds in collaboration with consultants to inform future physical and programmatic upgrades.
    • Invest in campus infrastructure and accessibility improvements
      Invest $367 million over the past 15 years in campus facilities, including an average of $500,000 annually since 2022 for accessibility-related projects, with upgrades implemented across academic, residential, and recreational buildings and outdoor spaces.
  • Youth One-on-One Mentoring 1 activity
    • Deliver academic and career advising through the ALEX program
      Operate the ALEX program, a coordinated advising network that supports students in academic success, career preparation, experiential learning, and personal growth, including assigning each new student both an academic advisor and an ALEX advisor.
  • Student Career Readiness and Internship Placement 1 activity
    • Deliver career development services through the Horowitch Career Center
      Offer internship placements, résumé-building workshops, and pre-graduate school advising through the Horowitch Career Center to prepare students for post-graduation success.
  • Website Accessibility Implementation 1 activity
    • Ensure digital accessibility in accordance with WCAG standards
      Implement Web Content Accessibility Guidelines (WCAG) to ensure all digital content and communications are accessible to individuals with disabilities.
  • Community Recycling & Reuse Education 1 activity
    • Implement sustainable campus operations and waste reduction initiatives
      Reduce environmental impact through sustainable dining practices—including local and humane sourcing, plant-based menus, and waste reduction—and through the annual Cram and Scram event, which diverts approximately 10,000 pounds of student belongings from landfills each year.
  • Ecological Habitat Restoration 1 activity
    • Lead student-driven sustainability and landscaping initiatives
      Implement a green landscaping plan protecting approximately 180 acres of campus land through student-led initiatives, contributing to long-term ecological stewardship.
  • Nature Preserve Management and Public Access 1 activity
    • Manage a 1,350-acre arboretum campus to support biodiversity and recreation
      Maintain a 1,350-acre campus designated as an arboretum, supporting research, recreation, and biodiversity through sustainable land management and student-led reforestation efforts, including planting over 4,000 trees since 2018.
  • Interscholastic and Inclusive School Sports Programs 1 activity
    • Operate varsity, club, and intramural athletic programs
      Maintain 29 varsity athletic teams, 16 club sports programs, and 13 intramural sports programs, with 318 student-athletes named to the NESCAC All-Academic Team in 2025–26.
  • Annual Impact and Evaluation Reporting 1 activity
    • Produce longitudinal outcomes reporting on graduate pathways
      Produce an annual Outcomes Report detailing the post-graduation career and education paths of recent graduates to assess and communicate institutional impact.
  • Higher Education Degree Programs 1 activity
    • Provide a liberal arts education within a residential academic community
      Deliver a comprehensive liberal arts education emphasizing intellectual growth, independent thinking, ethical engagement, and persuasive communication through a residential undergraduate experience. The curriculum is defined by academic rigor and a commitment to student development.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Provide need-based financial aid to all admitted students
      Meet the full demonstrated financial need of every admitted undergraduate student for all four years of study, supported by an annual financial aid allocation of $63 million in the 2025–26 academic year.
  • Research and Scholarly Fellowship Support 1 activity
    • Support student and alumni fellowship and scholarship success
      Award over 425 competitive fellowships and scholarships to students and alumni since 2000, supporting advanced study, research, and public service.
  • Professional Conference Support 1 activity
    • Support student participation in internships, research, and experiential learning
      Provide stipends and advising support for students to engage in unpaid internships, present research at national conferences, pursue off-campus cultural experiences, and conduct collaborative research with faculty mentors.
  • Uncategorized 4 activities
    • Integrate communication and human skills across the curriculum
      Provide instruction in writing, speaking, presenting, and collaborating across disciplines, while integrating human skills such as listening, perspective-taking, and empathetic communication into coursework.
    • Offer an open curriculum without core requirements
      Allow students full flexibility in course selection through an open curriculum that does not impose distribution or core requirements, enabling academic exploration based on individual interests and goals.
    • Offer coursework on digital tools and their societal impact
      Provide academic courses that examine how digital tools affect communication, information analysis, and problem-solving in contemporary society.
    • Support community climate action through student and faculty engagement
      Support the Village of Clinton’s certification as a Climate Smart Community in 2024 through student and faculty-led sustainability projects that advance regional climate resilience.
financials · form 990 · fy2024
revenue
Total revenue$348.77M
Contributions & grants$22.88M7%
Program service revenue$172.56M49%
Investment income$153.31M44%
Other revenue$22K
expenses
Total expenses$249.02M
Program expenses84%
Admin / overhead14%
Fundraising3%
Salaries & benefits$102.94M
Grants paid out$61.28M
Largest expense lineCompensation
balance sheet
Total assets$1.98B
Cash$83.07M
Investments$1.57B
Liabilities$249.06M
Net assets$1.73B
Liquid reserves79.6 mo
6 years on record · 2019–2024
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 18
NameTitleHours/wkCompensation
Lauren K Jacobson Chief Investment Officer 40 $2.76M
David Wippman Former President 0 $1.03M
Kathleen Khadder Deputy Chief Investment Officer 40 $754K
Karen L Leach VP Admin & Finance 40 $576K
Lori R Dennison VP Advancement 40 $468K
Steven Tepper President 40 $449K
Ngonidzashe Munemo VP Academic Affairs 40 $422K
Spencer Polaske Director of Investments 40 $400K
Monica C Inzer VP Enrollment Management 0 $345K
Christopher D Card VP Student Affairs 40 $327K
Frank M Anechiario Professor 40 $320K
Joseph M Shelley VP for Library and Information Technology 40 $295K
Jonathan T Hind Director of Athletics 40 $281K
Gillian M King Chief of Staff and Secretary 40 $265K
John McLaughlin VP Enrollment Management 40 $264K
Michael E Klapmeyer AVP Facilities and Planning 40 $263K
Sean T Bennett VP Diversity 40 $245K
Heather Martinez AVP for Finance and Controller 40 $200K
board members · 7
  • Alexander C Sacerdote — Trustee
  • Amy Owens Goodfriend — Trustee
  • Aron J Ain — Trustee
  • Christopher P Marshall — Trustee
  • Daniel Fielding — Trustee
  • Daniel T Nye — Trustee
  • David M Solomon — Chair
relationships · 18

Who they work with

  • ALEX program Network — Coordinated advising network supporting academic and personal development at Hamilton College
  • Bristol-Myers Squibb Co. Partner — Co-founded by two Hamilton College alumni in the late 1800s.
  • Career Center Partner — Department responsible for surveying graduates and producing the Outcomes Report.
  • Duke University Partner — Partner in graduate program pathways for Hamilton College students.
  • Former Congresswoman Val Demings Partner — Engaged with students in a classroom visit as part of Hamilton College's academic programming.
  • Hamilton Alumni Network Network — Extensive alumni network supporting student career development and engagement.
  • Harvard University Partner — Partner in graduate program pathways for Hamilton College students.
  • Horowitch Career Center Partner — Career center providing internship placements, résumé-building workshops, and pre-graduate school advising.
  • Kirkland College Partner — Sister institution established in 1968 and merged with Hamilton College in 1978 to make Hamilton coeducational.
  • New England Small College Athletic Conference Network — Charter member of the NESCAC athletic conference.
  • New York State Department of Environmental Conservation Government — Partnered with Hamilton College to support the Village of Clinton’s Climate Smart Community certification.
  • Siemens Partner — Partnered with Siemens to reduce energy consumption and emissions while modernizing key campus spaces.
  • U.S. Senator Roy Blunt Partner — Engaged with students in a classroom visit as part of Hamilton College's academic programming.
  • University of Chicago Partner — Partner in graduate program pathways for Hamilton College students.
  • University of Pennsylvania Partner — Partner in graduate program pathways for Hamilton College students.
  • Vanderbilt University Partner — Partner in graduate program pathways for Hamilton College students.
  • Washington University in St. Louis Partner — Partner in graduate program pathways for Hamilton College students.
  • World Wide Web Consortium (W3C) Web Accessibility Initiative (WAI) Network — Follows accessibility standards developed by W3C WAI, specifically the Web Content Accessibility Guidelines (WCAG).
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Communication Across Modalities Enhances Critical Thinking
    methodology: communication-across-modalities
    By developing students’ abilities in written, spoken, artistic, and digital communication, the College strengthens critical thinking and self-development because the act of articulating ideas across forms deepens understanding and intellectual agility.
  • Human-Centered Skills Prepare Students for an AI-Driven World
    methodology: human-skills-in-the-age-of-ai
    By integrating communication, critical thinking, and self-awareness into education, the College prepares students for a technology-driven future because uniquely human skills—such as ethical reasoning and interpersonal connection—are essential to leadership and societal contribution in the age of artificial intelligence.
  • Need-Blind Admission with Full-Need Meeting Expands Equitable Access
    methodology: need-blind_admission_full_need_met
    By admitting students regardless of financial need and meeting 100% of demonstrated need, the College ensures a socioeconomically diverse student body because removing financial barriers enables talent, not wealth, to determine enrollment and fosters inclusive excellence.
  • Open Curriculum Fosters Intellectual Exploration
    methodology: open_curriculum
    By allowing students to explore academic interests freely without distribution requirements, the College promotes intellectual curiosity, self-discovery, and ownership of learning because autonomy in course selection deepens engagement and critical thinking.
  • Residential Liberal Arts Education Develops Ethical Citizens
    methodology: residential liberal arts education
    By integrating rigorous academic learning with self-reflection and collaboration in a residential setting, the College cultivates intellectual and ethical foundations for meaningful lives and active citizenship because sustained community engagement reinforces personal and civic responsibility.