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 other senior staff members of the consortium to oversee and support cooperation in academic and administrative areas, respectively. The executive director and other Five College staff members 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 members.
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, income from two endowments, and other institutional arrangements.
View the current Five College Annual Report (PDF file).