Governance

The Consortium is governed by a Board of Directors representing the five member campuses.

The Board, the Provosts Council, and the Principal Business Officers (PBOs) meet regularly with the Executive Director and/or other senior staff members of the consortium to oversee and support cooperation in administrative and academic areas. The Executive Director and other staff members administer the policies, projects, and joint programs agreed upon by the institutions. You can view our Articles of Organization and our By-Laws here.

We operate on an annual budget of $10 million, derived from a combination of institutional assessments, grants from outside sources, income from endowments, and other institutional arrangements. You can view our financial statements from recent years here.

Access Board of Directors Page
Access Provosts Page
Access PBOs Page
Five Colleges, Incorporated Financial Statements

Board of Directors 2025-26

  • Michael Elliott, President, Amherst College (Board President)
  • Jennifer Chrisler, President, Hampshire College 
  • Danielle Holley, President, Mount Holyoke College 
  • Sarah Willie-LeBreton, President, Smith College
  • Javier Reyes, Chancellor, University of Massachusetts Amherst
  • Martin Meehan, President, University of Massachusetts (non-voting director)

_________________________________________________________________

Officers 2025-26

  • President of the Board: Michael Elliott
  • Vice President of the Board: Danielle Holley
  • Treasurer:  Yvette Morneau; Director of Business Services, Five Colleges, Incorporated
  • Assistant Treasurer: Shonda Pettiford, Director of Operations, Five Colleges, Incorporated
  • Clerk: Sarah Pfatteicher, Executive Director, Five Colleges, Incorporated

The FCI Board of Directors is the primary governing body of the organization and consists of the leaders of the Member campuses. It is supported by the Audit and Investment Committees and advised by the Provosts Council and Principal Business Officers.

_________________________________________________________________

Audit Committee 2025-26

  • Michael Elliott, President, Amherst College
  • Danielle Holley, President, Mount Holyoke College 
  • Mike Thomas, Chief Financial and Administrative Officer, Amherst College

The Audit Committee assists the Board of Directors in fulfilling its oversight responsibility with respect to the financial reporting process, the system of internal control, the audit process, and the Organization’s process for monitoring compliance with laws and regulations.

________________________________________________________________

Investment Committee 2025-26

  • Lisa Howie, Chief Investment Officer, Smith College
  • Shane Levy, Investment Officer, Amherst College
  • Carl Ries, VP for Finance and Administration and Treasurer, Mount Holyoke College
  • Yvette Morneau, Treasurer and Director of Business Services, Five Colleges, Incorporated

The Investment Committee is responsible for developing and proposing for approval a sound and consistent investment strategy for FCI and for developing the Asset Allocation Policy, Investment Objectives, and Investment Restrictions for the Endowment of Five Colleges, Incorporated.

The Five College Provosts Council advises the Board of Directors and meets regularly with the Executive Director and the Director of Academic Programs to oversee collaboration particularly in academic matters.

2025-26

  • Martha Umphrey, Dean of the Faculty, Amherst College
  • *Gary Hawkins, Dean of Faculty and Interim Vice President for Academic Affairs, Hampshire College
  • Lisa Sullivan, Provost and Dean of Faculty, Mount Holyoke College
  • Daphne Lamothe, Provost and Dean of Faculty, Smith College
  • Fouad Abd-El-Khalick, Provost and Senior Vice Chancellor for Academic Affairs, UMass Amherst

*current chair of the group

The Principal Business Officers (PBOs) of the Member institutions of FCI advise the Board of Directors and meet regularly with the Executive Director and the Treasurer of FCI to oversee collaboration particularly in administrative initiatives.

2025-26

  • Mike Thomas, Chief Financial and Administrative Officer, Amherst College
  • John Dineen, VP for Finance, Hampshire College
  • Carl Ries - VP for Finance and Administration and Treasurer, Mount Holyoke College
  • *David DeSwert, Executive VP for Finance and Administration, Smith College
  • Andy Mangels, Vice Chancellor for Finance and Budget Director, UMass Amherst

*current chair of the group