GLOSSARY AND NOTES

COMPREHENSIVE FEE: The comprehensive fee charged by a college includes tuition, room, board, and all required fees. Books, travel, and miscellaneous travel expenses are not included in the comprehensive fee, but are taken into account when Hamilton considers a student’s financial need.

DISCOUNT RATE: The Association of Governing Boards of Colleges and Universities defines tuition discounting as the process by which a college offsets its published price (sticker price) with institutional grant aid for enrolling students. The result is the discount rate, the ratio of total institutional grant aid relative to gross revenues at an institution.

ENDOWMENT: Investopedia defines an endowment as “a donation of money or property to a non-profit organization, which uses the resulting investment income for a specific purpose. ‘Endowment’ can also refer to the total of a non-profit institution’s investable assets, also known as ‘principal’ or ‘corpus,’ which is meant to be used for operations or programs that are consistent with the wishes of the donor. Most endowments are designed to keep the principal amount intact while using the investment income for charitable efforts.” Hamilton’s endowment consists of more than 1,000 separate funds, established by donors, that provide income for College priorities such as student financial aid, faculty salaries, stipends for student summer research and internships, facilities maintenance, and special programs (e.g., performing arts, scientific equipment acquisitions, campus arboretum, choir tour, art acquisitions), among other purposes. In most cases, endowed funds exist in perpetuity and grow to become much larger than the donor’s original gift. Management of Hamilton’s endowment is overseen by a committee of 18 trustees. Due to the generosity of alumni, parents, and friends, and outstanding stewardship provided by the College’s Investment Committee, income earned from Hamilton’s endowment will provide $44.6 million to operate the College in 2020-21.

FISCAL YEAR: Hamilton’s fiscal year is July 1 to June 30.

HAMILTON FUND: The Hamilton Fund provides approximately four percent of the revenue needed to operate the College each year. Donations are used in the year in which they are received.

HEERF: The Higher Education Emergency Relief Funds (HEERF) are several appropriations authorized by Congress to support students and colleges due to the effects of the coronavirus pandemic.

JOEL BRISTOL ASSOCIATES: The Joel Bristol Associates is the name of the organization established in 1996 to recognize alumni and friends who have reported to the College that Hamilton is part of their estate plans. Individuals who reach age 70 before the close of the Because Hamilton campaign on June 30, 2023, and who inform the College that Hamilton is part of their estate plans, may have their intention included in the Because Hamilton totals.

MACLENNAN MATCH: Led by an estate gift from James MacLennan ’58, a $12.23 million pool of matching funds is helping donors establish new endowed scholarships of at least $100,000 or add to an existing fund. Gifts of $50,000 or more payable over one to five years are being matched until the pool of money is depleted.

NEED-BLIND: Hamilton practices need-blind admission for all first-year domestic applicants, meaning an applicant’s financial need will not be a factor in the admission decision. Family finances may be considered for all international and transfer applicants, and for students offered admission from the waiting list or January admission. It is believed there are only between three and four dozen colleges and universities that practice need-blind admission and that meet the full demonstrated need of the students they admit; Hamilton is one of them.

NESCAC: Hamilton is a charter member of the New England Small College Athletic Conference, which also includes Amherst College, Bates College, Bowdoin College, Colby College, Connecticut College, Middlebury College, Trinity College, Tufts University, Wesleyan University, and Williams College.

PEER GROUP: For comparisons, Hamilton references a peer group of 25 colleges that includes all NESCAC colleges (minus Tufts) and other similar liberal arts colleges. Hamilton’s peer group is Amherst College, Bates College, Bowdoin College, Carleton College, Colby College, Colgate University, Colorado College, Connecticut College, Davidson University, Grinnell College, Haverford College, Lafayette College, Middlebury College, Mount Holyoke College, Oberlin College, Pomona College, Skidmore College, Smith College, Swarthmore College, Trinity College, Vassar College, Washington & Lee University, Wellesley College, Wesleyan University, and Williams College.

PELL GRANT: Pell Grants are need-based grants from the federal government to lowincome students. The percentage of Pell Grant recipients enrolled at a college is an indicator of that institution’s socioeconomic diversity.

YIELD: Yield is the percentage of accepted students who choose to enroll at a college. The higher the yield, the more desirable a college.

Should you have any questions, please contact the relevant divisional head listed below:

DAVID WIPPMAN

President dwippman@hamilton.edu

LORI RAVA DENNISON ’87, P’16

Vice President for Advancement ldenniso@hamilton.edu

MONICA INZER

Vice President for Enrollment Management minzer@hamilton.edu SUZANNE KEEN

Vice President for Academic Affairs and Dean of Faculty skeen@hamilton.edu

GILL KING P’16

Chief of Staff and Secretary to the Board of Trustees gking@hamilton.edu KAREN LEACH

Vice President for Administration and Finance kleach@hamilton.edu

TERRY MARTINEZ

Vice President and Dean of Students tmartine@hamilton.edu MELISSA RICHARDS

Vice President for Communications and Marketing mfrichar@hamilton.edu

JOE SHELLEY

Vice President for Libraries and Information Technology jshelley@hamilton.edu

We encourage you to continue to stay up-to-date on your investment with Hamilton by regularly visiting hamilton.edu/impact2021.

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