Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Graphic Arrow Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Graphic Arrow Attach to Form 990.
Graphic Arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2020
Open to Public Inspection
Name of the organization
Trustees of Dartmouth College
 
Employer identification number

02-0222111
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
Yes
 
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2020

Schedule J (Form 990) 2020
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits
(E) Total of columns
(B)(i)-(D)
(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation
(ii) Bonus & incentive
compensation
(iii) Other reportable compensation
1Philip Hanlon
 
President
(i)

(ii)
1,090,640
-------------
0
0
-------------
0
248,118
-------------
0
158,983
-------------
0
113,004
-------------
0
1,610,745
-------------
0
170,000
-------------
0
2Michael Wagner
 
VP & CFO
(i)

(ii)
458,014
-------------
0
0
-------------
0
130
-------------
0
25,650
-------------
0
20,192
-------------
0
503,986
-------------
0
0
-------------
0
3Joseph Helble
 
Provost
(i)

(ii)
724,236
-------------
0
0
-------------
0
0
-------------
0
25,650
-------------
0
15,010
-------------
0
764,896
-------------
0
0
-------------
0
4Richard Mills
 
EVP
(i)

(ii)
720,529
-------------
0
0
-------------
0
57
-------------
0
25,650
-------------
0
13,004
-------------
0
759,240
-------------
0
0
-------------
0
5Joshua Keniston
 
VP Campus Services & Institutional Projects
(i)

(ii)
293,656
-------------
0
30,000
-------------
0
0
-------------
0
14,750
-------------
0
3,373
-------------
0
341,779
-------------
0
0
-------------
0
6Robert Lasher
 
Sr. Vice President for Advancement
(i)

(ii)
698,961
-------------
0
83,430
-------------
0
0
-------------
0
25,650
-------------
0
3,399
-------------
0
811,440
-------------
0
0
-------------
0
7Sandhya Iyer
 
General Counsel
(i)

(ii)
573,123
-------------
0
0
-------------
0
0
-------------
0
25,650
-------------
0
16,472
-------------
0
615,245
-------------
0
0
-------------
0
8Matthew Slaughter
 
Dean, Tuck School of Business
(i)

(ii)
866,725
-------------
0
0
-------------
0
57
-------------
0
25,650
-------------
0
13,331
-------------
0
905,763
-------------
0
0
-------------
0
9Duane Compton
 
Dean, Geisel School of Medicine
(i)

(ii)
737,479
-------------
0
0
-------------
0
77
-------------
0
25,650
-------------
0
13,753
-------------
0
776,959
-------------
0
0
-------------
0
10Elizabeth Smith
 
Dean of Faculty
(i)

(ii)
492,820
-------------
0
0
-------------
0
1,677
-------------
0
25,650
-------------
0
4,686
-------------
0
524,833
-------------
0
0
-------------
0
11Alice Ruth
 
Chief Executive Officer - Investment Office
(i)

(ii)
1,081,738
-------------
0
1,250,000
-------------
0
1,159
-------------
0
25,650
-------------
0
15,312
-------------
0
2,373,859
-------------
0
0
-------------
0
12Jessica Jones
 
Managing Director, Investment Office
(i)

(ii)
375,199
-------------
0
505,233
-------------
0
1,159
-------------
0
25,650
-------------
0
16,516
-------------
0
923,757
-------------
0
0
-------------
0
13Steven Leach
 
Director, Norris Cotton Cancer Center
(i)

(ii)
813,185
-------------
0
50,000
-------------
0
0
-------------
0
25,650
-------------
0
8,239
-------------
0
897,074
-------------
0
0
-------------
0
14Michael Sullivan
 
Managing Director, Investment Office
(i)

(ii)
431,840
-------------
0
652,500
-------------
0
1,159
-------------
0
25,650
-------------
0
16,662
-------------
0
1,127,811
-------------
0
0
-------------
0
15Kelsey Morgan
 
Chief Investment Officer
(i)

(ii)
664,646
-------------
0
937,500
-------------
0
1,159
-------------
0
25,650
-------------
0
19,718
-------------
0
1,648,673
-------------
0
0
-------------
0
16Eugene Teevens
 
Head Football Coach
(i)

(ii)
396,313
-------------
0
25,000
-------------
0
430,000
-------------
0
25,650
-------------
0
11,682
-------------
0
888,645
-------------
0
0
-------------
0
17Michael Mastanduno
 
Former Dean of Faculty
(i)

(ii)
393,573
-------------
0
0
-------------
0
1,025
-------------
0
25,650
-------------
0
14,199
-------------
0
434,447
-------------
0
0
-------------
0
18Frank Roberts
 
Associate VP, FOM
(i)

(ii)
212,656
-------------
0
0
-------------
0
200
-------------
0
18,682
-------------
0
10,556
-------------
0
242,094
-------------
0
0
-------------
0
19Carolyn Dever
 
Former Provost
(i)

(ii)
316,553
-------------
0
0
-------------
0
0
-------------
0
25,650
-------------
0
5,797
-------------
0
348,000
-------------
0
0
-------------
0
20David Kotz
 
Former Interim Provost
(i)

(ii)
418,235
-------------
0
0
-------------
0
960
-------------
0
25,650
-------------
0
21,115
-------------
0
465,960
-------------
0
0
-------------
0
Schedule J (Form 990) 2020

Schedule J (Form 990) 2020
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J, Part I, Line 1a First-class or charter travel Dartmouth travel policy allows for first or business class air travel for business purposes in limited circumstances. Consistent with this policy, on infrequent occasions senior officers flew first class or business class with the President's approval. The lack of a major commercial airport within 80 miles of Dartmouth requires use of charter air travel to fulfill the business travel requirements of the President. For this reason, the President and certain senior officers had access for business purposes to charter flight service, the cost of which was fully defrayed by private donations designated for this purpose.
Schedule J, Part I, Line 1a Travel for companions The President's wife traveled with him for business purposes including participating in alumni events and meetings with key constituent donors on Dartmouth's behalf.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments President Hanlon received a taxable gross up of Medicare tax due to the timing of reported imputed income.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use Dartmouth provided housing for the President. This arrangement was for Dartmouth's convenience and a condition of employment and therefore was not taxable to the President.
Schedule J, Part I, Line 1a Personal services Dartmouth provided housekeeping services for cleaning and maintaining the President's house. The value of services provided for personal living space was recognized as imputed income to the President.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Dartmouth provided the President with a nonqualified 457(f) supplemental retirement plan. The Plan provided for annual credits to the plan subject to vesting requirements based on continuation of employment through set dates. The President received $236,667, and accrued $133,333 relative to the Plan during the calendar year 2020. $170,000 of the deferred compensation received had been reported in prior years, as reflected in Column F.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization A portion of the incentive bonus for investment office employees is based on meeting certain return targets. A portion of the performance bonus for the Sr. VP of Advancement is based on achieving certain advancement goals.
Schedule J, Part I, Line 7 Non-fixed payments Alice Ruth, Chief Executive Officer - Investment Office, received a performance bonus of $1,250,000 during calendar year 2020. Kelsey Morgan, Deputy Chief Investment Officer, received incentive compensation of $937,500 during calendar year 2020. Michael Sullivan, Managing Director in the Investment Office, received incentive compensation of $652,500 during calendar year 2020. Jessica Jones, Managing Director in the Investment Office, received incentive compensation of $505,233 during calendar year 2020. Robert Lasher, Senior Vice President for Advancement, received a performance bonus of $83,430 during calendar year 2020. Joshua Keniston, VP of Campus Services & Institutional Projects, received a performance bonus of $30,000 during calendar year 2020. Steven Leach, NCCC Director, received a performance bonus of $50,000 during calendar year 2020. Eugene Teevens, Head Football Coach, received a performance bonus of $25,000 during calendar year 2020.
Schedule J (Form 990) 2020

Additional Data


Software ID: 20011424
Software Version: 2020v4.0