The Trustees of the Smith College
The Trustees of the Smith College reported $532.5 million in revenue and $446.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.54 went to program services, $15.83 to management and general costs and $1.63 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 46.0% of the total. The highest compensation it reported for one person was $1,683,902 (CHIEF INVESTMENT OFFICER). 308 people received more than $100,000 in reportable compensation. Revenue rose 35% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $446MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $533MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 46.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,683,902 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.38% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 308 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 87.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 30 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseUndergraduate educational programs serving 2,500 students. Smith College offers 1,000 courses in more than 50 areas of study. Smith's programs in florence, geneva, hamburg and paris combine rigorous academics with the experience of living in another country and discovering a new culture. For extracurricular activities, the college has more than 100 chartered student organizations with a range of services and activities, a dozen varsity sports and extensive intramural and club sports programs. The campus school (k to 6) and the center for early childhood education serve as laboratories for the…
The school for social work offers a master of social work (msw) degree focused on clinical social work and direct field work practice. The program stresses the integration of clinical theory & practice with an understanding of the social context in which people live. It also emphasizes an understanding of the social policies and organizational structure that influence the school's service delivery system. In addition, the school offers a ph.d. Program designed to prepare msws for leadership positions in clinical research, education, and practice. It also provides extensive postgraduate…
Graduate educational programs offer women & men advanced degrees of masters of arts in teaching (elementary, middle or high school), master of fine arts, master of science in biological sciences, and master of science in exercise and sport studies. In special one-year programs, international students may qualify for a certificate of graduate studies or a diploma in american studies. Each year 100 men & women pursue such advanced work. Individuals may also enroll as non-degree students by registering for one or more courses. Most graduate courses are planned for graduate students who are…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF INVESTMENT OFFICER Officer, 40.0 hrs/week | $1,630,973 | $0 | $52,929 | $1,683,902 |
| PRESIDENT Director/trustee, officer, 40.0 hrs/week | $619,663 | $0 | $125,369 | $745,032 |
| DIRECTOR OF INVESTMENTS Highest compensated employee, 40.0 hrs/week | $618,141 | $0 | $60,187 | $678,328 |
| DIRECTOR OF INVESTMENTS Highest compensated employee, 40.0 hrs/week | $592,273 | $0 | $66,845 | $659,118 |
| SVP FOR DEVELOPMENT Key employee, 40.0 hrs/week | $564,617 | $0 | $43,932 | $608,549 |
| FORMER PRESIDENT Former, 40.0 hrs/week | $496,077 | $0 | $42,979 | $539,056 |
| EVP FINANCE AND ADMINISTRATION Officer, 40.0 hrs/week | $470,539 | $0 | $52,895 | $523,434 |
| VP OF COLLEGE RELATIONS & COMM Highest compensated employee, 40.0 hrs/week | $382,479 | $0 | $55,181 | $437,660 |
308 people received more than $100,000 in reportable compensation from The Trustees of the Smith College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $8.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b30 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 54,519
- Volunteers Part I, line 66,000
Private foundation grants it received
62 private foundations reported grants to The Trustees of the Smith College totaling $4.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Trustees of the Smith College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Trustees of the Smith College, you can publish a response that is linked from this page.
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Of every $100 The Trustees of the Smith College spent in FY2025, $82.54 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Worcester Polytechnic InstituteWorcester, MA · revenue $529M · programs 83.0% · FY2025
- Duquesne University of the Holy SpiritPittsburgh, PA · revenue $535M · programs 87.4% · FY2025
- Williams CollegeWilliamstown, MA · revenue $529M · programs 88.8% · FY2025
- University of RichmondRichmond, VA · revenue $535M · programs 82.2% · FY2025
- Seattle UniversitySeattle, WA · revenue $521M · programs 84.9% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of The Trustees of the Smith College's spending goes to programs?
In the fiscal year ending June 30, 2025, The Trustees of the Smith College reported that 82.5% of its $446.3 million in expenses went to program services, 15.8% to management and general and 1.6% to fundraising (Form 990, Part IX).
How much does The Trustees of the Smith College pay its top executive?
The largest total compensation The Trustees of the Smith College reported for one person in the fiscal year ending June 30, 2025 was $1,683,902, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Trustees of the Smith College get its money?
Of $532.5 million in revenue in the fiscal year ending June 30, 2025, 13.4% came from contributions and grants (including 1.2% from government grants) and 46.0% from program service revenue (Form 990, Part VIII).
Is The Trustees of the Smith College a registered charity?
The IRS lists EIN 04-1843040 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349306484 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541349349305654 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349306089 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349305991 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349302017 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349301712 · read the filing
All filings for EIN 04-1843040: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.