Updated: Dean Smith received over $700,000 in “recruitment incentives”
Anna MazarakisUpdated 10:37 p.m.Dean of the College Valerie Smith received $733,380 in recruitment incentives since she came to the University, according to a review of the University’s latest tax filings. The figure, including a mortgage and a recruitment loan, is higher than the amount loaned to any of the University's listed "interested persons" other than those who work for the Princeton University Investment Company, which manages the endowment. "Interested persons" are defined on the tax filings as all officers, directors, trustees, key employees, highly compensated employees or disqualified persons. Top PRINCO administrators are usually the highest paid employees of the University. As a tax-exempt organization, the University is required to file a yearly return to the Internal Revenue Service, called a 990 form, that discloses a number of details regarding internal finances. Though it is unclear when she initially received the loans, the amount of Smith's recruitment incentives only became public now, since the University's most recently-filed 990 covers the 2011-2012 academic year, when she began her tenure as dean.
