The executive director of the consortium serves on the Board of Directors of Five Colleges, Incorporated with the presidents of the four colleges, the chancellor of the University of Massachusetts Amherst, and the president of the University System. The deans of faculty and the principal business officers meet monthly with the executive director and members of her staff to oversee cooperation in academic and administrative areas respectively. The executive director and other Five College staff administer the policies, projects, and joint programs agreed upon by the institutions. At the present time, approximately eighty groups are engaged in cooperative planning with the support of Five College staff.

Five Colleges, Incorporated operates on an annual budget of $6.15 million, derived from a combination of institutional assessments in equal shares, grants from outside sources, two endowments, and other institutional arrangements. Printed copies of the Five College Annual Report (PDF 4.0) are available upon request.

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