Kathleen McCartney: There is Good Reason for Independent Colleges to be Tax-exempt
"A strong Northampton is in all of our interests," says Smith President Kathleen McCartney in a letter to the Daily Hampshire Gazette. More...
Smith College is proud to be a vital part of Northampton and a partner in its success. This information attempts to capture the extent of the college’s economic, civic and cultural participation in the life of a city we value and celebrate.
Smith is Northampton’s largest taxpayer.
Smith is Northampton’s largest institutional donor to the United Way of Hampshire County, with $130,500 in contributions in 2013-14.
Approximately 41 percent of Smith’s 1,374 employees live in Northampton, Florence and Leeds, contributing to the local economy.
Annual payroll (wages and benefits), fiscal year 2015: $130,762,678
Annual payroll (wages only), fiscal year 2015: $98,707,088
United Way contributions by employees in 2013–14: $130,500
Smith is Northampton’s largest institutional donor to the United Way of Hampshire County. Our coordinated campuswide campaign is responsible for our significant contribution.
Grants for research, teaching and outreach: $9,268,118
External grants to Smith faculty and administrators from charitable foundations, corporations, and federal and state agencies, support research, teaching and outreach projects that create jobs, support local educational partnerships and have other direct and indirect local economic impacts.
Construction spending from 2010 to 2014: $146,182,396
Admission visitors: 4,605
Summer program visitors: 2,900
Estimated expenditures by students and visitors: $3,700,000
The college’s OneCard ID system allows students to make purchases at participating Northampton businesses using a debit feature associated with their Smith ID cards. In 2014–15 Smith students spent $45,327 with Northampton merchants through this program.
Water and sewer charges: $855,648
Permits, licenses, fees and other—paid to City of Northampton:
Business Improvement District $328
Real estate taxes $530,874
Storm Water Management Fee $92,065