2012 Institute Program - Center for Transformative Action

advertisement
September 13-15, 2012
Cornell University and Greater Ithaca Activities Center (GIAC)
ABOUT
,"-&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($
!"#$%&'()&*(+&#,,-$./$0&,"-&1+2,&#$$)#3&4/$0-+&5#%-2&6(7/#3&8$,+-9+-$-)+2"/9&
:$2,/,),-;&#&9+(0+#<&=+()0",&,(&'()&='&,"-&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($&
(CTA).
>!@&"-392&,(&7+-#,-&7(<<)$/,/-2&,"#,&A(+%&*(+&-?-+'($-B&C-&.(&,"/2&='&9+(?/./$0&
127#3&29($2(+2"/9&,(&/$$(?#,/?-&2(7/#3&7"#$0-&#0-$,2&/$&D-A&E(+%&6,#,-;&#2&A-33&#2&
1$#$7/#3;&")<#$&+-2()+7-2;&#$.&0+#$,2&<#$#0-<-$,&2-+?/7-2B&>!@&/2&#$&-.)7#,/($#3&
$($9+(1,&(+0#$/F#,/($&#*13/#,-.&A/,"&>(+$-33&G$/?-+2/,'B
Our Vision
C-&-$?/2/($&7"#$0-&<#%-+2&-?-+'A"-+-&-$0#0/$0&#$.&2,+-$0,"-$/$0&,"-&9(A-+&(*&
,"-&"-#+,&,(&+-<#%-&,"-&A(+3.B
Our Mission
C-&#+-&#$&#33/#$7-&(*&/$./?/.)#32&#$.&(+0#$/F#,/($2&/$29/+-.&='&9+/$7/93-2&
(*&$($?/(3-$7-&#$.&7(<</,,-.&,(&=(3.&#7,/($&*(+&H)2,/7-;&2)2,#/$#=/3/,';&#$.&
9-#7-B&>!@&2)99(+,2&7"#$0-&<#%-+2&A/,"&,"-&,((32&,(&=)/3.&,"+/?/$0;&/$73)2/?-&
7(<<)$/,/-2&,"#,&A(+%&*(+&-?-+'($-B&C-&2-+?-&()+&9+(H-7,2;&,"-&9)=3/7;&#$.&
>(+$-33&G$/?-+2/,'&='&(**-+/$0&-.)7#,/($#3&9+(0+#<2&#$.&2,+#,-0/7&(+0#$/F#,/($#3&
resources.
Our Theory of Change
C"-$&A-&#$/<#,-&,"-&9(A-+&(*&()+&"-#+,2&,(&+-<#%-&,"-&A(+3.;&=(3.&#7,/($2&
result:
I&
I&
I&
I&
I&
I&
C-&1$.&7(<<($&9)+9(2-&A/,"&(,"-+2
!#%-&9+-22/$0&2(7/#3&9+(=3-<2&/$&"#$.
5/?-&()+&3/?-2&(),&3().
5/2,-$&.--93';&#7,&7()+#0-()23'
!+#$2*(+<&()+2-3?-2&#$.&-#7"&(,"-+
@$.&)3,/<#,-3'&7(J7+-#,-&,"+/?/$0;&/$73)2/?-&7(<<)$/,/-2&,"#,&A(+%&*(+&
everyone.
At CTA,&()+&9+(H-7,2&#$.&/$/,/#,/?-2&-$0#0-&#$.&2,+-$0,"-$&,"-&9(A-+&(*&,"-&"-#+,&
,(&+-<#%-&,"-&A(+3.;&#$.&()+&2-+?/7-2&2)99(+,&=(3.&7"#$0-&<#%-+2B&K-7#)2-&
:,"#7#;&>(+$-33&G$/?-+2/,';&#$.&D-A&E(+%&-L/2,&/$&#&*#+J+-#7"/$0&$-,A(+%;&,"-&/<9#7,&
(*&,"(2-&-<9(A-+-.&,"+()0"&()+&9+(0+#<2&+/993-2&#7+(22&,"-&7()$,+'&#$.&,"-&
A(+3.;&,+#$2*(+</$0&3/?-2&#$.&7(<<)$/,/-2B&@2&A-&,()7"&<(+-&2,).-$,2&#$.&-$0#0-&
7"#$0-&<#%-+2&$-#+&#$.&*#+;&()+&/<9#7,&0+(A2B&!"/2&/2&()+&?/2/($&*(+&7"#$0-B
AAAB7-$,-+*(+,+#$2*(+<#,/?-#7,/($B(+0
Our 2012
Y+(H-7,&Y#+,$-+2
K)**#3(&6,+--,&K((%<#+%2
>G65@Z&T>(<</,,--&
($&GB6BJ5#,/$&@<-+/7#$&
Z-3#,/($2W
>Z8@!8&T>($[/7,&
Z-2(3),/($;&8L9+-22/?-&
@+,/2,/7&!+#$2*(+<#,/($&#$.&
8.)7#,/($W
Dorothy Cotton Institute
\)+3#$.&@3,-+$#,/?-2&5/=+#+'
87(]/33#0-&>-$,-+&*(+&
6)2,#/$#=/3/,'&8.)7#,/($
!"-&4((.&6'2,-<2&^()+$#3
4+(<&O-+-_&`#%/$0&a)+&
4),)+:,"#7#&>/,'&(*&@2'3)<
5(7#3&:$?-2,/$0&Z-2()+7-&
Center
@$&a9-$&C/$.(A
Z-3#,/($2"/9&4()$.#,/($
!"/+.&Z((,&8.)7#,/($&
Center
]-,-+#$2b&6#$7,)#+'
]/,#</$&5&Y+(H-7,
6,+#,-0/7&:$/,/#,/?-2
Y-+*(+</$0&@+,2&*(+&
6(7/#3&>"#$08.)7#,/($&/$&
!+#$2*(+<#,/?-&@7,/($
8.)7#,/($&/$&>(<9#22/($#,-&
>(<<)$/7#,/($
MMN&@$#=-3&!#'3(+&O#33
Cornell University
:,"#7#;&DE&MPQRS
TUVNW&XRRJUXVX
6,).-$,&6(7/#3&
8$,+-9+-$-)+2"/9&#,&>(+$-33
2
C85>a`8
C
-37(<-&,(&,"-&1+2,&#$$)#3&4/$0-+&5#%-2&6(7/#3&8$,9+-+-$-)+2"/9&:$2,/,),-c&:,b2&#$&
-L7/,/$0&,/<-&*(+&2(7/#3&-$,+-9+-$-)+2;&A"(&/$7+-#2/$03'&#+-&=-/$0&+-7(0$/F-.&*(+&,"-/+&
,+#$2*(+<#,/?-;&2'2,-<J7"#$0/$0&/.-#2&,(&2(3?-&2(7/-,'b2&<(2,&9+-22/$0&2(7/#3&9+(=3-<2B&:$&,"-&
*#7-&(*&-7($(</7&.(A$,)+$;&A(+2-$/$0&2(7/#3&/$-d)/,/-2;&#$.&9-+2/2,-$,&-7(3(0/7#3&2,+-22;&/,&,#%-2&
#33&(*&)2&A(+%/$0&,(0-,"-+&,(&7+-#,-&#&3(7#3&-7($(<'&,"#,&/2&+-2/3/-$,;&H)2,;&#$.&2)2,#/$#=3-B&6(7/#3&
-$,+-9+-$-)+2&#+-&<#%/$0&,"/2&=(3.&?/2/($&,#$0/=3-&#$.&+-#3B&!"-&>-$,-+&*(+&!+#$2*(+<#,/?-&
@7,/($&/2&7(<</,,-.&,(&2)99(+,/$0&,"/2&/<9(+,#$,&7"#$0-&A(+%&='&9+(?/./$0&2-+?/7-2&#$.&
-.)7#,/($#3&(99(+,)$/,/-2;&3/%-&,"/2&/$2,/,),-;&,(&2,+-$0,"-$&#33&()+&2%/332;&=)/3.&+-3#,/($2"/92;&29#+%&
$-A&7($?-+2#,/($2;&#$.&*(2,-+&#&7(<<)$/,'&/$&A"/7"&A-&7#$&2)99(+,&#$.&7($,+/=),-&,(&-#7"&(,"-+b2&A(+%B&
a?-+&,"-&$-L,&,A(&#$.&#&"#3*&.#'2;&<(+-&,"#$&*(+,'&9+-2-$,-+2;&A(+%2"(9&3-#.-+2&#$.&29-#%-+2&A/33&9+(?/.-&#&
A/.-&?#+/-,'&(*&A(+%2"(92&#$.&/$*(+<#,/($&"-39*)3&,(&$-A&#2&A-33&#2&-L9-+/-$7-.&2(7/#3&-$,+-9+-$-)+2B&C-&A/33&=-&
-$0#0-.&/$&#&"#$.2J($&-.)7#,/($#3&-L9-+/-$7-&*+(<&=-0/$$/$0&,(&-$.;&/$7(+9(+#,/$0&A"#,&A-&3-#+$&/$,(&,"-&K)2/$-22&
`(.-3&e-$-+#,/($&>#$?#2&*(+&()+&$($J9+(1,&#$.&*(+J9+(1,&2(7/#3&?-$,)+-2B&!/<-&A/33&=-&2-,&#2/.-&,"+()0"(),&
,"-&/$2,/,),-&*(+&7(#7"/$0&#$.&#.?/7-&*+(<&$($J9+(1,&#$.&*(+J9+(1,&7($2)3,#$,2;&#2&A-33&#2&*-33(A&9#+,/7/9#$,2B&
Y#+,/7/9#$,2&A/33&A#3%&#A#'&A/,"&#&*)33'&.-?-3(9-.&(+&$-A3'&.-2/0$-.&=)2/$-22&<(.-3;&#$.&7($7+-,-&$-L,&2,-92B&
C(+%2"(9&3-#.-+2&#$.&9+-2-$,-+2&A/33&7(<-&#A#'&/$29/+-.&='&,"-&/$$(?#,/?-&/.-#2&9#+,/7/9#$,2&#$.&(,"-+&9+-2-$,-+2&
=+/$0&,(&,"-&./27)22/($B
:$&#../,/($;&-?-+'($-&A/33&=-&7($2/.-+/$0&"(A&,(&/$7(+9(+#,-&#$.&<#%-&7($7+-,-&,"-&3#+0-+&0(#32&(*&7+-#,/$0&#&
+-0/($#3&-7($(<'&,"#,&/2&H)2,;&2)2,#/$#=3-;&#$.&"#2&-d)/,'&#2&,"-&.+/?-+&*(+&-7($(</7&0+(A,"B&Z-3#,/($2"/9&=)/3./$0&/2&
#$&/<9(+,#$,&#29-7,&(*&,"-&/$2,/,),-;&2(&A-&-$7()+#0-&'()&,(&9#+,/7/9#,-&*)33'&/$&,"-&*(+<#3&2-22/($2&#2&A-33&#2&,"-&
/$*(+<#3&7($?-+2#,/($2&(?-+&<-#32&#$.&.)+/$0&=+-#%2B&C-&+-7(0$/F-&,"#,&,"-&/$$(?#,/($&#$.&-L9-+,/2-&$-7-22#+'&,(&
2(3?-&2(7/#3&9+(=3-<2&7(<-&*+(<&9+#7,/,/($-+2&/$&()+&7(<<)$/,/-2&#2&A-33&#2&/$2,/,),/($2&(*&"/0"-+&3-#+$/$0B&!(&"-39&
=)/3.&2,+($0&7(<<)$/,'J)$/?-+2/,'&7(33#=(+#,/($;&A-&#+-;&,"-+-*(+-;&<--,/$0&($&,"-&7#<9)2&(*&>(+$-33&G$/?-+2/,'&#2&
A-33&#2&/$&.(A$,(A$&:,"#7#;&#,&,"-&e+-#,-+&:,"#7#&@7,/?/,/-2&>-$,-+B
!"/2&/$2,/,),-&A()3.&$(,&=-&9(22/=3-&A/,"(),&,"-&0-$-+()2&2)99(+,&(*&()+&1$#$7/#3&29($2(+2B&C-&#+-&0+#,-*)3&*(+&
,"-&<#$'&A#'2&/$&A"/7"&8$0#0-.&5-#+$/$0&#$.&Z-2-#+7";&8$,+-9+-$-)+2"/9f>(+$-33;&,"-&Y#+%&4()$.#,/($;&,"-&
>-$,-+&*(+&6)2,#/$#=3-&e3(=#3&8$,-+9+/2-;&#$.&,"-&:27(3&4#</3'&Y+(0+#<&*(+&5-#.-+2"/9&\-?-3(9<-$,&/$&Y)=3/7&
6-+?/7-&2)99(+,&#$.&*(2,-+&,"-&3-#+$/$0;&+-3#,/($2"/9&=)/3./$0;&7(<<)$/7#,/($&#$.&,+)2,&-22-$,/#3&,(&*(2,-+/$0&#&H)2,;&
2)2,#/$#=3-;&#$.&+-2/3/-$,&7(<<)$/,'&,"#,&A(+%2&*(+&-?-+'($-B&
:&A()3.&#32(&3/%-&,(&,"#$%&#33&,"(2-&A(+%/$0&=-"/$.&,"-&27-$-2&,(&"-39&<#%-&,"/2&-?-$,&"#99-$;&#2&A-33&#2&,"-&<#$'&
9+-2-$,-+2;&A"(&#+-&2"#+/$0&,"-/+&-L9-+/-$7-&#$.&-L9-+,/2-B&E()+&0-$-+(2/,'&(*&,/<-&#$.&29/+/,&/2&,+)3'&A/,"(),&
<-#2)+-B&4/$#33';&:b.&3/%-&,(&,"#$%&-#7"&(*&'()&*(+&#,,-$./$0&,"/2&/$2,/,),-&#$.&=+/$0/$0&'()+&-$-+0'&,(&,"/2&0#,"-+/$0B&
E();&#2&(+0#$/F#,/($&*()$.-+2&#$.&3-#.-+2;&"#?-&,"-&?/2/($;&,"-&%$(A3-.0-;&,"-&A"-+-A/,"#3&#$.&,"-&-L9-+/-$7-&,(&
/<#0/$-&$-A&9(22/=/3/,/-2&#$.&<#%-&,"-<&+-#3B&E()&+-9+-2-$,&#&./?-+2-&0+()9&/$&,-+<2&(*&#0-;&#=/3/,';&+#7-;&73#22;&#$.&
0-$.-+B&E()&+-9+-2-$,&$($9+(1,&(+0#$/F#,/($2&#$.&*(+J9+(1,&=)2/$-22-2&,"#,&A(+%&($&,"-&-$?/+($<-$,;&*((.&H)2,/7-;&
-.)7#,/($;&"-#3,"7#+-;&9(?-+,';&+#7/2<;&3-#.-+2"/9;&-7($(</7&.-?-3(9<-$,;&/$$(?#,/?-&.-2/0$&#$.&<(+-B&E()&#+-&
A(+%/$0&A/,"&'(),";&9-(93-&(*&7(3(+;&9-(93-&A/,"&./2#=/3/,/-2;&9-(93-&A/,"&3/</,-.&+-2()+7-2;&5eK!&7(<<)$/,/-2&#$.&
(,"-+&<#+0/$#3/F-.&7(<<)$/,/-2B&E()&#+-&,+)3'&#&0+-#,&#22-,;&#$.&A-&#+-&*(+,)$#,-&,(&3-#+$&A/,"&#$.&*+(<&'()&(?-+&
,"-&$-L,&,A(&#$.&#&"#3*&.#'2B&
`'&9-+2($#3&+-29-7,;&#$.&"-#+,*-3,&0+#,/,).-&0(-2&(),&,(&#33&(*&'()B&
Anke Wessels, Executive Director
>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($
3
a]8Z]:8C
WIFI AT CORNELL
M_VVJ
To connect to Red Rover as a guest on your iPhone or iPad
e(&/$,(&2-,,/$02&#$.&2-3-7,&gZ-.&Z(?-+h&*+(<&,"-&D-,A(+%2&3/2,B&>3/7%&g?/2/,(+2&A/,"(),&>(+$-33&D-,:\Bh&Z-#.&#$.&
#77-9,&,"-&,-+<2&(*&)2-B&!"-&D-,A(+%&Z-0/2,+#,/($&*(+&]/2/,(+2&A/$.(A&#99-#+2B&
Fill out the form:
I& :$&,"-&8J`#/3&=(L;&-$,-+&#&7)++-$,&-J<#/3&#..+-22B&E()b33&+-7-/?-&#&7($1+<#,/($&-J<#/3&#,&,"/2&#..+-22;&2(&/,&
2"()3.&=-&($-&'()&7#$&#77-22&.)+/$0&'()+&?/2/,&,(&>(+$-33B
I& 4/33&(),&,"-&+-2,&(*&,"-&*(+<&A/,"&2(<-&=#2/7&/$*(+<#,/($B
I& :$&,"-&>(+$-33&>(33-0-&(+&G$/,&3/2,;&'()&7#$&#77-9,&,"-&.-*#)3,;&G$%$(A$B
I& !"-&6,#+,&\#,-&(*&]/2/,&./293#'2&,"-&7)++-$,&.#,-B
I& :$&,"-&5-$0,"&(*&]/2/,&3/2,;&2-3-7,&,"-&3-$0,"&(*&'()+&2,#'B&
I& :$&,"-&Y)+9(2-&(*&]/2/,&=(L;&-$,-+&#&=+/-*&.-27+/9,/($&(*&'()+&?/2/,B&
I& >3/7%&Z-0/2,-+B&E()b+-&$(A&+-0/2,-+-.&,(&)2-&Z-.Z(?-+B
I& Z-2,#+,&'()+&.-?/7-;&#$.&,"-$&'()&7#$&)2-&,"-&:$,-+$-,&/<<-./#,-3'B&T!(&+-2,#+,;&9+-22&#$.&"(3.&,"-&a$ia**&
63--9iC#%-&=),,($&)$,/3&,"-&+-.&23/.-+&#99-#+2B&G2-&,"-&23/.-+&,(&,)+$&(**&,"-&.-?/7-BW
I& E()b33&+-7-/?-&#&7($1+<#,/($&<-22#0-&#,&,"-&-J<#/3&#..+-22&'()&-$,-+-.B&4(33(A&,"-&/$2,+)7,/($2&/$&,"-&
<-22#0-&,(&7($1+<&'()+&+-0/2,+#,/($B&TE()&$--.&,(&7($1+<&=-*(+-&</.$/0",&,"-&2#<-&.#'&'()&+-0/2,-+-.&
for the registration to take effect.)
S_VVJ
S_PRJ
R_VVJ
To access Cornell’s wireless “RedRover Guest” account from a Mac or PC:
I&
I&
I&
I&
`#%-&2)+-&,"#,&,"-&A/+-3-22&/2&,)+$-.&($&/$&'()+&.-?/7-B
a9-$&'()+&A-=&=+(A2-+B&!"/2&2"()3.&=+/$0&'()&,(&#&>:!&3(0&/$&9#0-B&
4/33&(),&,"-&*(+<&A/,"&2(<-&=#2/7&/$*(+<#,/($B
@77-9,&,"-&,-+<2&(*&)2/$0&>(+$-33b2&A/+-3-22&#$.&,"-$&+-2,#+,&'()+&3#9,(9;&2-3-7,/$0&gZ-.Z(?-+h&#2&'()+&
C/+-3-22&D-,A(+%&>($$-7,/($B&&
WIFI AT GIAC
!"-&9#22A(+.&*(+&e:@>&A/1&7"#$0-2&(*,-$&#$.&A/33&=-&0/?-$&,(&9#+,/7/9#$,2&($&6#,)+.#'B&
Twitter users: Y3-#2-&)2-&,"-&"#2",#0&j4568:&#,&,"-&/$2,/,),-&,(&2"#+-&A"#,&/2&0(/$0&($&#$.&,(&7($$-7,&A/,"&
(,"-+2&#,&,"-&/$2,/,),-B&C-&#+-&f!+#$2*(+<@7,/($&($&,A/,,-+B&
R_VVJ
TAXI SERVICE
N_VVJ
:,"#7#&\/29#,7"&T,(33&*+--&MJQQQJSXMJMMPkW&
Handles dispatch for the following companies:
I& >#')0#&!#L/_&UVNJXNNJQXkPW
I& G$/?-+2/,'&!#L/_&UVNJXNNJNNNN&&
I& E-33(A&>#=_&UVNJXNNJXXXN
Also:
I& >(33-0-,(A$&>#=_&UVNJRQQJQQQQ;&(+&UVNJRkXJMPNQ
!(&#77-22&,"/2&#$.&,"-&<(2,&)9.#,-.&/$*(+<#,/($&#=(),&,"-&/$2,/,),-&A/,"&'()+&<(=/3-&
.-?/7-;&27#$&,"-&=#+7(.-&,(&,"-&+/0",B&
Don’t have a barcode scanner? 6/<93'&2-#+7"&'()+&<(=/3-b2&#99&2,(+-&*(+&
g=#+7(.-&27#$$-+h&#$.&.(A$3(#.&($-&(*&<#$'&*+--&#992&T2)7"&#2&lZ&>(.-&Z-#.-+WB&
!"-$&)2-&,"-&#99&,(&27#$&,"-&/<#0-B&8#2'c&
P
!OGZ6\@E
M_VVJX_PR9<
Registration
:5Z&>($*-+-$7-&>-$,-+;&4+($,&5(=='&TS+.&43((+W
S_VVJS_SV9<
C-37(<-;&:$,+(.)7,/($2;&#$.&a+/-$,#,/($&,(&,"-&:$2,/,),-c&
Z((<&PXS
S_PRJP_PR9<
Plenary I: Business Model Generator
Z((<&PXS;&Y+-2-$,-+_&\-=(+#"&6,+--,-+;&\'2($&67"((3&(*&@993/-.&87($(</72&#$.&`#$#0-<-$,&
at Cornell University.
!"-&K)2/$-22&`(.-3&e-$-+#,/($&>#$?#2&/2&#&2,+#,-0/7&<#$#0-<-$,&#$.&-$,+-9+-$-)+/#3&,((3&,"#,&
#33(A2&'()&,(&g.-27+/=-;&.-2/0$;&7"#33-$0-;&/$?-$,;&#$.&9/?(,&'()+&=)2/$-22&<(.-3Bh&:$&,"/2&93-$#+';&
'()&A/33&3-#+$&"(A&,(&)2-&,"-&7#$?#2&,(&<#9&(),&$/$-&7(<9($-$,2&(*&#$'&9+(H-7,;&(+0#$/F#,/($&
(+&?-$,)+-B&!"+()0"(),&,"-&/$2,/,),-;&'()&A/33&/$7(+9(+#,-&A"#,&'()&#+-&3-#+$/$0&/$,(&'()+&K`e&
canvas.
R_VVJU_VV9<
Finding Support Networks
e+#=&2(<-&*((.&*+(<&,"-&+-7-9,/($&#$.&3-#+$&#=(),&-L/2,/$0&$-,A(+%2&,"#,&7#$&2)99(+,&'()&
during the institute and after you leave.
These are concurrent sessions (choose one):
K)2/$-22&`-$,(+2"/9&#$.&6)99(+,&*(+&8$,+-9+-$-)+2&(*&>(3(+;&Z((<&PXR;&Ai83.+-.&O#++/2&*+(<&
-5#=&#$.&m#+3&e+#"#<&*+(<&@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($B
6)2,#/$#=/3/,'&D-,A(+%2&*(+&6(7/#3&8$,+-9+-$-)+2;&Z((<&PXS;&Ai^#$&Z"(.-2&D(+<#$&*+(<&5(7#3&
4/+2,&:,"#7#;&&^(#$$#&e+--$&*+(<&e+()$.2A-33&>-$,-+&*(+&5(7#3&4((.&#$.&4#+</$0;&#$.&@$$#&
m-33-2&#$.&K(=&Z(22/&*+(<&,"-&688DB&
6,).-$,&D-,A(+%2&*(+&8<-+0/$0&6(7/#3&8$,+-9+-$-)+2;&Z((<&XXk;&Ai^-$$/*-+&\-3#$-'&*+(<&
>(+$-33&Y(92"(9;&n(-&C($0&*+(<&6(7/-,'&*(+&6(7/#3&8$,+-9+-$-)+2"/9&#$.&>(33#=(+#,/?-&@7,/($&
#$.&e/2-33-&`#3/$#&*+(<&>(+$-33&\-2/0$&*(+&@<-+/7#B
R_VVJU_PR9<
N_VVJQ_SV9<
Reception
:5Z&>($*-+-$7-&>-$,-+;&G99-+&l)#.;&6-7($.&43((+
Plenary 2: The Promise of Social Entrepreneurship:
Creating a Local Economy that Works for Everyone
(free and open to the public)
O(33/2&8B&>(+$-33&@)./,(+/)<;&e(3.A/$&6</,"&O#33
I&
I&
I&
I&
@$%-&C-22-32;&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($
m/+='&8.<($.2;&K)/3./$0&K+/.0-2&:$/,/#,/?^#$&Z"(.-2&D(+<#$;&5(7#3&4/+2,&:,"#7#&
6?#$,-&`'+/7%;&:,"#7#&`#'(+
>#3&C#3%-+;&*+(<&,"-&]/33#0-&#,&:,"#7#;&A/33&<(.-+#,-&,"-&9#$-3&#$.&,"-&l&#$.&@&2-22/($&,"#,&
*(33(A2B&
5
4Z:\@E
Friday September 14
@33&2-22/($2&,#%-&93#7-&/$&,"-&:5Z&>($*-+-$7-&>-$,-+B
Q_MR#<
Breakfast and Check-in
Z((<2&PXk&#$.&PSV
Q_SVJk_MR#<&
Plenary 3: “Story Telling: Leading People into the Future.”
Z((<&PXS&Y+-2-$,-+_&\-2/+--&@.#A#';&*+(<&!"-&@.#A#'&e+()9&
Ideas become alive when others adopt them. Leaders need to tell stories that invite people to join
movements and incite action. In other words they need to tell stories that change the world.
k_SVJMV_PR#<
Plenary 4: Finding the Right Legal Framework: What are the options for
mission-driven ventures?
Z((<&PXS;&Ai5-23/-&^($-2&*+(<&6B!B@B`BY&T6(),"-+$&!/-+&@.?(7#7'&#$.&`/,/0#,/($&Y+(H-7,W&#$.&
O#'.-$&K+#/$#+.&*+(<&`/33-+&`#'-+B
!"#$%&"'()*+%+,)-./%0#&)*1%)*2"#03"(0)#%)&%$)-*%10++0)#4/*056#%56#(-*6%"+%"%76#68(%')*9)*"(0)#:%"%;)(4
&)*4<*)8(%')*9)*"(0)#%)*%+)16%)(,6*%.62".%6#(0($=%>0#/%)-(%?,"(%&"'()*+%$)-%+,)-./%')#+0/6*%0#%)*2"#030#2%
$)-*%10++0)#4/*056#%56#(-*6%&*)1%6@96*(+%0#%(,6%86./=A
MM_VV#<JMX_VV9<
Working Session: Preliminary work on BMG in small groups
Z((<2&PXS&#$.&PXR
B99.$0#2%?,"(%$)-%,"56%.6"*#6/%(,-+%&"*:%C620#%1"990#2%)-(%$)-*%C-+0#6++%1)/6.%-+0#2%(,6%7!D%'"#5"+%
and the sticky notes we’ve provided. Discuss your ideas and questions in small groups. Several consultants
will be on-hand to help.
MX_VVJMX_PR9<
Working Lunch
Z((<2&PXk&#$.&PSV
E#F)$%(,6%&))/:%6#2"26%0#%')#56*+"(0)#:%"#/%')#(0#-6%?)*G0#2%)#%$)-*%7!D%'"#5"+=%
M_VVJX_MR9<
Session 2: Options for Structuring Mission Driven Enterprises
These are concurrent discussions (choose one):
!"#$%"&'()*+,-.(/$"#+"%+0*$
Z((<&XXk;&Ai@$%-&C-22-32;&*+(<&,"-&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($&
B+%"%#6?%',"*0("C.6%9*)F6'(%(,"(%0+%F-+(%+("*(0#2%)-(:%(,6%9*)'6++%)&%)C("0#0#2%&-#/0#2%"#/%"99.$0#2%&)*%
("@46@619(%+("(-+%1"$%+661%/"-#(0#2:%656#%9*),0C0(056=%B%2*6"(%)9(0)#%&)*%(,6+6%+1"..%)*2"#03"(0)#+%0+%()%
?)*G%?0(,%"%8+'".%+9)#+)*=%H6"*#%?,"(%8+'".%+9)#+)*+,09%)&&6*+I%C6#68(+%"#/%6@96'("(0)#+=%
!"#$%"&'+(1*'0(23456656()"%7$%"&'(2#'5%$%*+5+(
Z((<&XXR;&Ai>"#+3-2&O#</3,($&*+(<&>"#33-$0-&C(+%*(+7-&6(3),/($2B
J,"..6#26:%"%#)#9*)8(:%5)'"(0)#".%+6*50'6+%)*2"#03"(0)#:%)&&6*+%619.)$16#(%"#/%9."'616#(%)99)*(-#0(06+%
to individuals who face barriers to employment. It operates small businesses both to offer employment
)99)*(-#0(06+%"#/%()%26#6*"(6%&-#/+%(,"(%,6.9%()%+-99)*(%0(+%?)*G=%H6"*#%1)*6%"C)-(%,)?%(,0+%#)#9*)8(%
has successfully developed several mission-related business units.
)"%78%"&'(97,"%$"%-'*"#+
Z((<&PXR;&Ai83/2#&`/33-+Ja),&*+(<&6/$03-=+((%&!-7"$(3(0'o&e+-0&Y/,,2&*+(<&D#,)+#3&:$?-2,<-$,2o&
^#2($&6#31&*+(<&>(<-,&6%#,-=(#+.2;&#$.&O#'.-$&K+#/$#+.&*+(<&`/33-+&`#'-+B
74J)*9)*"(0)#+%"*6%&)*49*)8(%C-+0#6++6+%(,"(%*61"0#%(*-6%()%(,60*%+)'0".%2)".+%(,*)-2,%"#%6@9.0'0(%+)'0".%
)*%6#50*)#16#(".%10++0)#=%K,6$%("G6%0#()%"'')-#(%(,6%0#(6*6+(+%)&%?)*G6*+:%(,6%')11-#0($%"#/%(,6%
6#50*)#16#(%?,0.6%".+)%1"G0#2%"%9*)8(=%>0#/%)-(%,)?%0(%?)*G+%&*)1%74')*9%9*"'(0(0)#6*+%"#/%"%.62".%
6@96*(%0#%(,6%86./=
6
4Z:\@E
Worker, Consumer, and Community-owned Cooperatives
Z((<&PXS;&AiK(=&Y+(-"3&#$.&e#+'&C-/22=+(,&*+(<&K)**#3(&6,+--,&K((%2o&^(-&`#++#*1$(&*+(<&
e+--$2,#+&>((9-+#,/?-&`#+%-,o&#$.&m#+3&e+#"#<&*+(<&@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($B
A cooperative business is a legal entity owned and democratically controlled by its members. Learn more
about the possibilities this structure can offer and the many forms it can take from new and longstanding practitioners.
X_SVJS_PR9<
Empowering Community Leaders and Those with Barriers to Work
Z((<&XXk;&Ai\#$/-33-&m3(7%;&!"/$%&!(9(0+#9"'o&\/#$-&>("-$;&*+(<&4/$0-+&5#%-2&Z-)2-o&4#=/$#&
K-$/,-2&>(3($;&*+(<&D#,)+#3&5-#.-+2&:$/,/#,/?-o&#$.&5#+/2#&>#<#7"(J5/33/-;&*+(<&D#,)+#3&5-#.-+2&
Initiative.
L,6#%?6%+-99)*(%"#/%/656.)9%(,)+6%?,)%,"56%-#("996/%.6"/6*+,09%"#/%F)C%9)(6#(0".:%?6%C620#%(,6%
9*)'6++%)&%')4'*6"(0#2%"%*0',:%0#(62*"(6/:%"#/%50(".%')11-#0($:%?,6*6%6M-0($%0+%"%/*056*%&)*%6')#)10'%
2*)?(,=%H6"*#%,)?%+)'0".%6#(*69*6#6-*+%'"#%6#2"26:%&)+(6*:%"#/%C6#68(%&*)1%(,6%6#6*2$%"#/%?6".(,%)&%
‘natural leaders’ and those with barriers to work.
$.&
;)(4
30#2%
Empowering Youth with the Knowledge and Skills to Become Social
Entrepreneurs
Z((<&XXR;&AiY-,-+&`7C#/$;&*+(<&D-A&Z((,2&>"#+,-+&67"((3o&\(</$/7&4+($0/33(;&*+(<&8$-+0'&
:$.-9-$.-$,&>#+(3/$-o&#$.&^"#%--<&O#3,(<;&*+(<&,"-&:,"#7#&E(),"&K)+-#)B&
N)-(,%"*6%'*6"(056:%"'(056:%?0*6/O"#/%1)(05"(6/%()%+).56%0#F-+(0'6+%0#%(,6%?)*./=%P)?%/)%?6%,"*#6++%(,60*%
awesome energy and unleash it on causes that young people care about? How do we empower youth
()?"*/+%1"G0#2%',"#26Q%P)?%'"#%?6%.6"*#%&*)1%(,61:%"#/%,)?%/)%?6%C6+(%')1C0#6%)-*%(".6#(+%()%')4
'*6"(6%*6R6'(0)#:%"'(0)#:%"#/%-.(01"(6.$:%+).-(0)#+=%
"#5"+%
ultants
Moving Relationships in Your Social Venture for Social Justice
Z((<&PXR;&Ai83/F#=-,"&O-$.-+2($;&4((.&^)2,/7-&>-+,/1-.&Y+(0+#<B
How can we bring the concepts of fair trade home to our farms and other social enterprises? We will
/0+'-++%"#/%"#".$36%9).0'06+%&)*%&*66/)1%)&%"++)'0"(0)#:%')#R0'(%*6+).-(0)#:%,6".(,%"#/%+"&6($:%(*"#+9"*6#'$:%
and long term commitments that can change relationships and move a work place towards justice and
sustainability.
)*%
+%0+%()%
#0(06+%
ent
*)8(%
<-$,2o&
'0".%
Session 3: Co-creating Social and Economic Empowerment
These are concurrent discussions (choose one):
Creating a Diverse Board and a Diverse Workplace
Z((<&PXS;&Aim/+='&8.<($.2&#$.&5#)+#&K+#$7#;&!4>&@22(7/#,-2B
S#%)*/6*%()%*6".036%6M-0($%"+%(,6%/*056*%)&%6')#)10'%2*)?(,%"#/%(,*050#2:%+-+("0#"C.6%')11-#0(06+:%?6%
must look inward at the structure and relationships that comprise our own organizations. In this session
you will learn how to frame and develop internal diversity with the board and staff of your ventures.
P_VVJR_MR9<
Session 4: Financial Sustainability
These are concurrent discussions (choose one):
Obtaining Local Investments, Loans, or Crowd-sourced Funding
Z((<&XXk;&Aie+-0&Y/,,2;&*+(<&D#,)+#3&:$?-2,<-$,2&#$.&>#')0#&5:aDo&K(=&@$.-+2($;&*+(<&
@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($o&#$.&m-$$-,"&67"3#,"-+;&*+(<&Y8@m6B
K,0+%+6++0)#%?0..%6@9.)*6%0##)5"(056%"99*)"',6+%()%"(("0#0#2%&-#/0#2%"#/%'"90(".%&)*%$)-*%+)'0".%56#(-*6:%
which circumvent the typical set of power relations determining wealth generation and accumulation.
%
7
4Z:\@E
Holistic Approaches to Successful Grant Development
Z((<&XXR;&Ai^#$#&O-L,-+;&*+(<&e+#$,2&>"#<9/($B
D*"#(%/656.)916#(%'"#%C6%&-#:%&-.8..0#2:%"#/%619)?6*0#2%&)*%$)-%"#/%$)-*%)*2"#03"(0)#=%H6"*#%,)?T
:-;*#<(-(8%"&'(-#6(/=$$"%'*#<(>"=%(?-.=5+
Z((<&PXS;&Ai>"#+3-2&O#</3,($;&*+(<&>"#33-$0-&C(+%*(+7-&6(3),/($2o&83/2#&`/33-+Ja),;&*+(<&
6/$03-=+((%&!-7"$(3(0'o&^#$&Z"(.-2JD(+<#$;&*+(<&6/3%&a#%o&5-23/-&@7%-+<#$;&*+(<&@3,-+$#,/?-2&
>+-./,&4-.-+#3&G$/($B
P)?%/)%$)-%/6(6*10#6%"%9*0'6%(,"(%*6R6'(+%$)-*%+)'0".%5".-6+%C-(%".+)%+-+("0#+%$)-%8#"#'0"..$Q%L,6#%$)-%
choose a supply chain that resonates with your environmental and social goals will you price yourself out
)&%(,6%1"*G6(Q%J"#%$)-*%C-+0#6++%9*)50/6%F)C%(*"0#0#2%"#/%F)C%*6"/0#6++:%?,0.6%+-+("0#0#2%"%*6"+)#"C.6%
9*)8(%1"*20#Q%K,0+%9"#6.%)&%+)'0".%6#(*69*6#6-*+%"#/%C-+0#6++%')#+-.("#(+%?0..%"//*6++%(,6+6%M-6+(0)#+%
and more.
Expanding Your Reach and Revenue Streams through Storytelling and
Relationship Building
Z((<&PXR;&Ai\#?/.&`#%#+;&*+(<&,"-&Z-*-++#3&:$2,/,),-&:,"#7#B
Do you want to build a strong and steady social venture from the start? Participate in this session and
$)-%?0..%.6"*#%()%2*)?%$)-*%'-+()16*%)*%9"*(0'09"#(%C"+6%(,*)-2,%6&&6'(056%+()*$(6..0#2:%*6."(0)#+,09%
C-0./0#2:%"#/%?)*/4)&41)-(,%1"*G6(0#2%"#/%,"56%"%.)(%)&%&-#%/)0#2%0(=
R_SVJU_PR9<
Session 5: Transforming Habits to Promote Ecological Sustainability
These are concurrent discussions (choose one):
Weaving Green Ethics into the DNA of Your Enterprise
Z((<&PXS;&Aie#'&D/7"(32($&*+(<&6)2,#/$#=3-&!(<9%/$2B&
E#50*)#16#(".%*62-."(0)#+%"#/%6#&)*'616#(%*"*6.$%0#+90*6%(*"#+&)*1"(0)#:%?,6*6"+%+,"*6/%50+0)#%"#/%')*6%
values can stimulate green solutions. Join this discussion circle to explore ways to build a moral culture in
your enterprise that supports taking responsibility for the ecological impacts of your activities.
Working for Food and Farm Justice
Z((<&PXR;&Ai^(#$$#&e+--$&*+(<&e+()$.2A-33&>-$,-+&*(+&5(7#3&4((.&#$.&4#+</$0o&K-77#&
Z(.(<2%'JK/2";&*+(<&D-A&Z((,2&>"#+,-+&67"((3o&#$.&83/F#=-,"&O-$.-+2($&*+(<&4((.&^)2,/7-&
>-+,/1-.&Y+(0+#<B
These panelists provide examples of how to transform power relationships and social norms so that our
food system tilts toward justice and equity.
Organizing Around Economic Growth and Ecological Sustainability in Rural
Areas
Z((<&XXk;&Ai\(</$/7&4+($0/33(&*+(<&8$-+0'&:$.-9-$.-$,&>#+(3/$-&#$.&m#,/-&6,($-+&*+(<&,"-&
Y#+%&4()$.#,/($B&&&
D)0#2%C6$)#/%(,6%-+-".%+-+96'(+I%("990#2%0#()%6@0+(0#2%#6(?)*G+:%.6"/6*+,09:%"#/%"56#-6+%)&%
communication to build bridges across social and ideological boundaries.
N_VVJN_MR9<
End of the day check-in
Z((<&PXS
Q
N_SV9<
4Z:\@E&p&6@!GZ\@E
Friday Night: Optional networking dinner and drinks at one of the following
restaurants.
Northstar Pub:
XVX&8B&4#332&6,+--,;&:,"#7#B&
U6"(0#2%?0..%C6%0#%C"*%"*6"V%.6(%,)+(6++%G#)?%$)-%"*6%?0(,%(,6%>0#26*%H"G6+%U)'0".%E#(*69*6#6-*+,09%
Institute.
Bandwagon Brew Pub:
MMP&DB&>#')0#&6,B;&:,"#7#B&
Meet in the lounge area.
For drinks only:
The Westy:
RMU&CB&6,#,-i`5m&^+B&6,B;&:,"#7#B&
Saturday September 15
!"-&:$2,/,),-&<(?-2&,(&,"-&e+-#,-+&:,"#7#&@7,/?/,/-2&>-$,-+&Te:@>W
SVM&CB&>()+,&6,B;&:,"#7#B
Q_SV#<
Breakfast and Check-in
e:@>&0'<
k_VVJMV_VV#<
Working Session
e:@>&0'<
S#%$)-*%+1"..%2*)-9+:%*6R6'(%"#/%0#')*9)*"(6%$6+(6*/"$W+%.6"*#0#2%0#()%$)-*%7!D=%U656*".%')#+-.("#(+%?0.%
be on hand to help out.
MV_MRJMM_SV#<
Plenary 5: Transforming Habits within Privileged and Marginalized Groups
e:@>&0'<
Aim/+='&8.<($.2&#$.&@$$-&Z"(.-2
K,0+%+6++0)#%?0..%,6.9%9"*(0'09"#(+%(,0#G%"C)-(%)-*%,"C0(-".%?"$+%)&%"'(0#2:%*6+9)#/0#2:%')11-#0'"(0#2:%
/6'0/0#2:%)*2"#030#2:%"#/%*6."(0#2%0#%)*/6*%()%-#/6*+("#/%?,0',%)&%(,)+6%,"C0(+%102,(%26(%0#%(,6%?"$%)&%
'*6"(0#2%"%1)*6%F-+(%"#/%+-+("0#"C.6%6#(6*9*0+6=%L6%?0..%6@"10#6%,"C0(+%()%C*6"G%"#/%,"C0(+%()%'-.(05"(6:%
6@"10#0#2%)-*%96*+)#".%,"C0(+%"+%?6..%"+%0#+(0(-(0)#".%X,"C0(+A%(,"(%/)%#)(%9*)1)(6%6M-0($=
MM_PR#<JMX_PR9<
Local foods lunch catered by GreenStar Cooperative Market
e:@>&0'<&
H-#',%?0(,%+6.&40/6#(086/%?)*G0#2%2*)-9+
M_VVJX_MR9<
Session 7: Co-creating Your Value Proposition
These are concurrent discussions (choose one):
@%*'*#<(-#6(/$5-;*#<('"(A#B=5#,5
Z((<&MXP;&Ai@$0-3#&D(=3-&e+#$0-&*+(<&,"-&^("$2($&e+#.)#,-&67"((3&(*&`#$#0-<-$,&#,&
Cornell University.
Effective communication is a key leadership competency. In this session you will learn and practice
+(*"(6206+%()%1"G6%$)-%"%1)*6%'.6"*:%')#'0+6%"#/%')196..0#2%C-+0#6++%')11-#0'"()*=%
Social Media for Social Change
Z((<&XMV;&Ai5/F&4/-3.&*+(<&,"-&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($B
U)'0".%16/0"%0+%,6*6%()%+("$:%?,6(,6*%0(W+%&"'6C))G%)*%(?0((6*%)*%(,6%#6@(%C02%(,0#2=%K,0+%+6++0)#%&)'-+6+%
9
6@!GZ\@E
.6++%)#%(,6%X,)?%()A%)&%-+0#2%(,6%()).+%"#/%1)*6%)#%(,6%X,)?%()A%)&%')11-#0'"(0#2%$)-*%16++"26%()%
+-99)*(6*+:%/)#)*+:%0#56+()*+:%C"'G6*+:%9"*(0'09"#(+%"#/%'-+()16*+=%
Understanding the Difference between Advocacy and Lobbying
Z((<&MSV;&Ai&83-$#&43#2"&*+(<&`/33-+&`#'-+B
One avenue for Social Entrepreneurs to effect change is to take their message to political leaders. But
?,"(%'"#%$)-%+"$:%?,)%'"#%$)-%(".G%()Q%K,0+%+6++0)#%?0..%6@9."0#%(,6%/0+(0#'(0)#%C6(?66#%"/5)'"'$%"#/%
lobbying and help you understand who can say what to whom.
Working Towards Collective Social Impact: What Will It Take?
Z((<&XMN;&Ai@$%-&C-22-32&*+(<&,"-&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($B&
Collective Impact refers to the commitment of a group of important actors from across different sectors
()%"%')11)#%"26#/"%&)*%+).50#2%"%+96'08'%+)'0".%9*)C.61=%K,6%9*)10+6%)&%(,0+%16(,)/%0+%(,"(%')19.6@%
problems need a systemic approach that focuses on the relationships between organizations and the
9*)2*6++%()?"*/%+,"*6/%)CF6'(056+=%S+)."(6/%019"'(:%?,0',%*6+(+%)#%(,6%0/6"%(,"(%)#6%)*2"#03"(0)#%'"#%
/68#6%"#/%6@6'-(6%(,6%1)+(%6&&6'(056%Y*69.0'"C.6Z%+).-(0)#:%.6"56+%-+%')196(0#2%"2"0#+(%6"',%)(,6*%&)*%"%
.010(6/%&-#/0#2%9)).:%"*2-0#2%(,"(%)-*%+).-(0)#%0+%C6((6*%(,"#%(,60*+:%?,6#%#60(,6*:%C$%/68#0(0)#:%'"#%("'G.6%
the complexity of the problem. But is it a feasible alternative? Join this discussion circle to consider the
promise and challenges of a collective impact approach.
X_SVJS_PR9<
Session 8: Networks and On-Going Mentorship
\($b,&3-#?-&,"-&/$2,/,),-&A/,"(),&#&2,+)7,)+-&/$&93#7-&,(&9+(?/.-&-$7()+#0-<-$,;&<-$,(+2"/9;&#$.&
2)99(+,&#2&'()&=-0/$&,(&,#%-&#7,/($&($&-3-<-$,2&(*&'()+&$-A&=)2/$-22&<(.-3B&>"((2-&($-&(*&
,"-2-&0+()92&(+&7+-#,-&($-&(*&'()+&(A$B&&
These are concurrent discussions (choose one):
Support for Social Entrepreneurs Seeking Ecological Sustainability
Z((<&MSV;&Ai@$$#&m-33-2&*+(<&,"-&688D;&^(#$$#&e+--$&*+(<&e+()$.2A-33&>-$,-+&*(+&5(7#3&
4((.&#$.&4#+</$0;&#$.&83/F#=-,"&O-$.-+2($&*+(<&4((.&^)2,/7-&>-+,/1-.&Y+(0+#<B
/=$$"%'(C"%(:*++*"#76%*D5#()"%7$%"&'(?5#'=%5+
Z((<&MXP;&Ai83/2#&`/33-+Ja),&*+(<&6/$03-=+((%&!-7"$(3(0';&83.+-.&O#++/2&*+(<&-5#=;&#$.&5-23/-&
6,+-=-3&#$.&Y#)3&6,+-=-3&*+(<&6,+-=-3&>Y@B
/=$$"%'(C"%(!"#$%"&'(/",*-.(2#'%5$%5#5=%+(E0%"=<0()*+,-.(/$"#+"%+0*$
Z((<&XMV;&Ai@$%-&C-22-32&*+(<&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($B
Support for Youth Social Entrepreneurs
Z((<&XMN;&Ai^-$$/*-+&\-3#$-'&*+(<&>(+$-33&Y(96"(9;&!/$#&D/-32-$&O(.0-2&*+(<&D-A&Z((,2&
>"#+,-+&67"((3&#$.&n(-&C($0&*+(<&6(7/-,'&*(+&6(7/#3&8$,+-9+-$-)+2"/9&#$.&>(33#=(+#,/?-&
Action.
P_VVJR_VV9<
Small group presentations on BMG Canvas
e:@>&0'<
J)16%C"'G%0#()%$)-*%+1"..%2*)-9+%()%9*6+6#(%$)-*%')19.6(6/%7!D%'"#5"+%()%6"',%)(,6*=%K,0+%0+%2*6"(%
9*"'(0'6%&)*%$)-*%#6@(%9*6+6#("(0)#%()%"%/)#)*:%0#56+()*:%9"*(#6*:%9"*(0'09"#(:%)*%').."C)*"()*=%
R_SVJU_SV9<
Share out from small groups to entire group
e:@>&0'<
[69)*(%,02,.02,(+:%",4,",%1)16#(+:%"#/%G6$%("G6%"?"$+=%
U_SVJN_VV9<
Closing –until next year!
10
!O@Dm6&4aZ&
@!!8D\:De
%
ut
/%
ctors
6@%
e
#%
)*%"%
"'G.6%
he
;&#$.&
(*&
&
23/-&
2&
"(%
Z&
e
A
YZ868D!8Z6
$0-3#&D(=3-Je+#$0-&"#2&=--$&#*13/#,-.&A/,"&>(+$-33&2/$7-&MkkX&A"-$&2"-&+-7-/?-.&"-+&3-,,-+&(*&
#.</,,#$7-&,(&^("$2($B&!(.#'&2"-&7"#+#7,-+/F-2&"-+2-3*&#2&#&2(7/#3&-$,+-9+-$-)+&A"(&.-./7#,-2&
"-+2-3*&,(&"-39/$0&(,"-+2&+-#7"&,"-/+&9(,-$,/#3B&6"-&2,#+,-.&"-+&1+2,&-$,+-9+-$-)+/#3&?-$,)+-;&,"-&
D(=3-&87($(</7&\-?-3(9<-$,&e+()9;&#*,-+&0+#.)#,/$0&*+(<&>(+$-33B&!"-&D(=3-.0-&.-?-3(9-.&
9+(0+#<</$0&2)99(+,/$0&3(AJ/$7(<-&/$./?/.)#32&A"(&2,#+,-.&=)2/$-22-2B&&]-$,)+-&$)<=-+&,A(&
/$?(3?-.&+-,)+$/$0&,(&^("$2($&,(&3#)$7"&,"-&a*17-&*(+&C(<-$&#$.&`/$(+/,/-2&/$&K)2/$-22;&$(A&,"-&
a*17-&(*&\/?-+2/,'&#$.&:$73)2/($B&a\:&2)99(+,2&,"-&#29/+#,/($2&(*&9+(29-7,/?-&A(<-$&#$.&</$(+/,'&
`K@&2,).-$,2B&>)++-$,3';&@$0-3#&/2&#&*#7)3,'&<-<=-+&#,&^("$2($&,-#7"/$0&7(<<)$/7#,/($&7()+2-2&,(&
`K@&2,).-$,2&#$.&-L-7),/?-2B&@$0-3#&"#2&2-+?-.&($&<)3,/93-&=(#+.2&#$.&"#2&+-7-/?-.&2-?-+#3&#A#+.2&
*(+&"-+&A(+%&-<9(A-+/$0&(,"-+2B&6"-&/2&,"-&<(,"-+&(*&,"+--&0/+32&#$.&-$H('2&29-$./$0&,/<-&($&#&
kayak or golf course in Ithaca or the Adirondack Mountains.
A
$%-&C-22-32&/2&,"-&8L-7),/?-&\/+-7,(+&(*&,"-&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($;&#$&/$.-9-$.-$,&
$($J9+(1,&(+0#$/F#,/($&#*13/#,-.&A/,"&>(+$-33&G$/?-+2/,'B&>!@&9+(?/.-2&127#3&29($2(+2"/9&,(&
2(7/#3&-$,+-9+-$-)+2&A/,"&$($J9+(1,&?-$,)+-2B&C-&#32(&(**-+&"#$.2J($&-.)7#,/($#3&(99(+,)$/,/-2&,"#,&
#$/<#,-&,"-&9(A-+&(*&,"-&"-#+,&#$.&</$.&,(&+-<#%-&,"-&A(+3.B&C-&"#?-&<(+-&,"#$&*(+,'&'-#+2&(*&
-L9-+/-$7-&7)3,/?#,/$0&7"#$0-&<#%-+2&A/,"&/$$(?#,/?-&9+(H-7,2&,(&+-2(3?-&9+-22/$0&2(7/#3&9+(=3-<2B&
:$29/+-.&='&3-#./$0&9+#7,/,/($-+2&(*&$($J?/(3-$7-;&!+#$2*(+<#,/?-&@7,/($&7#332&*(+&7()+#0-&,(&=+-#%&
,"-&2/3-$7-&,"#,&2)++()$.2&/$H)2,/7-2o&9#,/-$7-&#$.&7(<9#22/($&*(+&,"-&)3,/<#,-3'&3/=-+#,/$0&A(+%&(*&
=)/3./$0&#$&/$73)2/?-&<(?-<-$,o&/<#0/$#,/($&,(&2,#'&*+--&*+(<&g)2&?2B&,"-<h&2,+#,-0/-2&,"#,&($3'&[#<-&
()+&2(7/#3&9+(=3-<2o&#$.&/$29/+#,/($&,(&-$?/2/($&$-A&2(3),/($2&,(&7(<<($&7"#33-$0-2B&\+B&C-22-32&#32(&
,-#7"-2&6(7/#3&8$,+-9+-$-)+2;&:$$(?#,(+2;&#$.&Y+(=3-<&6(3?-+2;&#$&)$.-+0+#.)#,-&7()+2-&#,&>(+$-33B
D
+B&@$$#&m-33-2&"#2&.-./7#,-.&"-+&7#+--+&,(&=)/3./$0&7($$-7,/($2&=-,A--$&$),+/,/($;&"-#3,";&#$.&
,"-&-$?/+($<-$,B&6"-&-#+$-.&#&.)#3&=#7"-3(+&/$&K/(3(0'&#$.&8$?/+($<-$,#3&2,)./-2&*(33(A-.&='&
*()+&'-#+2&/$&87)#.(+&9+(<(,/$0&2()$.&$),+/,/($#3&#$.&-$?/+($<-$,#3&9+#7,/7-2B&@$$#&-#+$-.&#&Y"\&
/$&D),+/,/($#3&89/.-</(3(0'&*+(<&,"-&G$/?-+2/,'&(*&D(+,"&>#+(3/$#&J&>"#9-3&O/33;&-L93(+/$0&,"-&/<9#7,&
(*&03(=#3/F#,/($&($&./-,#+'&#$.&9"'2/7#3&#7,/?/,'&9#,,-+$2B&@2&\/+-7,(+&(*&,"-&67"((3&(*&@993/-.&>3/$/7#3&
D),+/,/($&#,&D-A&E(+%&>"/+(9+#7,/7&>(33-0-;&@$$#&#22-<=3-.&#$.&./+-7,-.&#&,-#<&(*&-L9-+,&*#7)3,'&
,(&.-3/?-+&($-&(*&,"-&($3'&($3/$-&0+#.)#,-&9+(0+#<2&*(7)2-.&($&A"(3-&*((.2&,"-+#9-),/7&$),+/,/($B&
6"-&/2&/$?(3?-.&/$&3-0/23#,/?-&#7,/($&,(&9+(,-7,&,"-&+/0",2&(*&$),+/,/($&73/$/7/#$2&#$.&<#/$,#/$&#&./?-+2-;&
7(<9-,/,/?-;&#$.&"/0"3'&d)#3/1-.&$),+/,/($&A(+%*(+7-B&6"-&+-7-$,3'&=-7#<-&,"-&9+(0+#<&./+-7,(+&*(+&,"-&e+--$&Z-2()+7-&
O)=B&O-+&*(7)2&/2&,(&9+(?/.-&,#$0/=3-&,((32&,(&"-39&=)2/$-22-2&#$.&(+0#$/F#,/($2&,"+/?-&A/,"&#&7(<</,<-$,&,(&9-(93-J
93#$-,J9+(1,&0(#32B
A
$$-&Z"(.-2&"#2&A(+%-.&*(+&<#$'&'-#+2&.(/$0&#$,/J=/#2&A(+%&#,&>(+$-33&G$/?-+2/,';&:,"#7#&
>(33-0-;&#$.&/$&,"-&3#+0-+&:,"#7#&7(<<)$/,';&/$73)./$0&A(+%&($&+#7/2<;&73#22/2<;&2-L/2<;&
"(<(9"(=/#;&#$,/J6-</,/2<;&#0-/2<;&#$.&#=3-J/2<B&6"-&"#2&#32(&.($-&#$,/J=/#2&A(+%&A/,"&*#7)3,';&
2,#**;&#$.&#.</$/2,+#,/($&/$&#+-#&27"((32&#$.&A/,"&2-?-+#3&.-9#+,<-$,2&#,&>(+$-33;&#$.&2"-&*()$.-.&
,"-&O(<(9"(=/#&8.)7#,(+2&D-,A(+%&#$.&C"/,-&Y-(93-&C(+%/$0&@0#/$2,&Z#7/2<B&6"-&/2&7)++-$,3'&
*#7/3/,#,/$0&#&Z()$.&!A(&!#3%/$0&>/+73-&*(+&A"/,-&#33/-2B&@$$-&/2&#&,"-#,-+&#+,/2,;&A+/,-+;&#$.&!-#7"/$0&
@+,/2,;&2)99(+,/$0&#+,2&/$&-.)7#,/($&9#+,$-+2"/92&=-,A--$&7)3,)+#3&(+0#$/F#,/($2&#$.&27"((32&*(+&
,"-&9#2,&,"/+,'&'-#+2&#7+(22&D-A&E(+%&6,#,-;&.-?-3(9/$0&#+,2&/$,-0+#,/($&9+(0+#<2&#$.&9+(?/./$0&
9+(*-22/($#3&.-?-3(9<-$,&*(+&,-#7"-+2&,(&/$,-0+#,-&,"-&#+,2&A/,"&7)++/7)3)<&#$.&-$7()+#0-&<(+-&
7+/,/7#3&#$.&7+-#,/?-&,"/$%/$0&/$&'()$0&9-(93-B&:$&XVVk&2"-&2,#+,-.&\+'.-$&6(3),/($2&,(&-$7()+#0-&
2)2,#/$#=/3/,'&9+(H-7,2&#$.&2,+-$0,"-$&7(<<)$/,'&/$&,"-&!(A$&(*&\+'.-$B&:$&XVMV;&@$$-&+-7-/?-.&#&
>/?/7&5-#.-+2&4-33(A2"/9&*+(<&>(+$-33&,(&2)99(+,&,"/2&A(+%B&&
B
-77#&Z(.(<2%'JK/2"&/2&,"-&8#+,"&6'2,-<2&67/-$7-&#$.&4#+<J,(J67"((3&!-#7"-+&#,&D-A&Z((,2&
>"#+,-+&67"((3&/$&:,"#7#;&D-A&E(+%B&D-A&Z((,2;&$(A&-$,-+/$0&/,2&*()+,"&'-#+;&/2&#&,)/,/($J*+--&
+-0/($#3&9)=3/7&"/0"&27"((3&9+-9#+/$0&2,).-$,2&,(&=-&7(<<)$/,'&3-#.-+2&*(+&#&H)2,&#$.&2)2,#/$#=3-&
*),)+-B&K-77#&"#2&#&=#7%0+()$.&+/7"&/$&-L9-+/-$,/#3;&/$,-+./27/93/$#+';&#$.&93#7-J=#2-.&3-#+$/$0&#$.&/2&#$&
11
YZ868D!8Z6
#?/.&*#+<-+;&"/%-+;&$#,)+#3/2,;&#$.&(),.((+&-$?/+($<-$,#3&-.)7#,(+B&6"-&"(3.2&#&`#2,-+b2&.-0+--&/$&8$?/+($<-$,#3&6,)./-2&
A/,"&#$&-<9"#2/2&($&8$?/+($<-$,#3&8.)7#,/($&*+(<&@$,/(7"&G$/?-+2/,'&D-A&8$03#$.B&
B
(=&@$.-+2($&/2&#&K)2/$-22&5(#$&a*17-+&#,&@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($&/$&:,"#7#;&D-A&E(+%B&
@3,-+$#,/?-2&4>G&/2&#&>(<<)$/,'&\-?-3(9<-$,&4/$#$7/#3&:$2,/,),/($;&.-./7#,-.&,(&=)/3./$0&A-#3,"&
#$.&7+-#,/$0&-7($(</7&(99(+,)$/,'&*(+&)$.-+&2-+?-.&9-(93-&#$.&7(<<)$/,/-2B&K(=b2&=#$%/$0&7#+--+&
=-0#$&/$&MkNQ&#,&,"-&>/,/F-$2&6#?/$02&K#$%B&O-&"(3.2&#$&@22(7/#,-b2&\-0+--&/$&
K)2/$-22&*+(<&!(<9%/$2&>(+,3#$.&>(<<)$/,'&>(33-0-B&
B
(=&Y+(-"3&/2&,"-&\/+-7,(+&(*&a9-+#,/($2&*(+&K)**#3(&6,+--,&K((%2;&#&
7((9-+#,/?-3'J(A$-.&=((%2,(+-&/$&.(A$,(A$&:,"#7#B&:$&XVMM;&K(=&(+0#$/F-.&
#&7(<<)$/,'&=)'&(),&(*&,"-&=((%2,(+-&#$.&"-39-.&7($?-+,&/,&,(&/,2&7)++-$,&=)2/$-22&<(.-3B&O-&
/2&7)++-$,3'&A(+%/$0&,(&,+#$2/,/($&,"-&=((%2,(+-&/$,(&#&"'=+/.&2(7/#3&-$,-+9+/2-;&7(<=/$/$0&,"-&
+-,#/3&(9-+#,/($2&(*&,"-&2,(+-&A/,"&#&$(,J*(+J9+(1,&A/$0&,"#,&"#$.3-2&3/,-+#+'&#+,2&9+(0+#<</$0&#$.&
7(<<)$/,'&(),+-#7"B&
B
(=&Z(22/&/2&#&*()$./$0&=(#+.&<-<=-+&#$.&7)++-$,&9+-2/.-$,&(*&,"-&e+--$&Z-2()+7-&O)=;&#&
$($9+(1,&(+0#$/F#,/($&7(<</,,-.&,(&-L9#$./$0&,"-&<#+%-,93#7-&*(+&2)2,#/$#=3-&3/?/$0B&!"-&O)=&"#2&
9)+2)-.&,"/2&</22/($&,"+()0"&7(<<)$/,'&-$0#0-<-$,;&,((32&,(&2)99(+,&2)2,#/$#=3-&3/?/$0;&7($2)<-+&
-.)7#,/($&($&0+--$&9+(.)7,2&#$.&2-+?/7-2;&#$.&,"-&6)2,#/$#=3-&8$,-+9+/2-&p&8$,+-9+-$-)+&D-,A(+%&
T!"-&688DW;&,"-&O)=b2&3#+0-2,&#$.&<(2,&#7,/?-&9+(0+#<B&K(=&7)++-$,3'&2-+?-2&#2&,"-&>(<<)$/7#,/($2&
\/+-7,(+&*(+&>(<-,&6%#,-=(#+.2;&#&3(7#3&9+(.)7-+&(*&2)2,#/$#=3'&<#$)*#7,)+-.&2%#,-=(#+.2&,"#,&#+-&
)2-.&03(=#33'B&>(<-,&"#2&7(<</,,-.&,(&-$?/+($<-$,#3&#$.&7(<<)$/,'&2,-A#+.2"/9&=(,"&3(7#33'&#2&#&
<-<=-+&(*&,"-&688D&#$.&/$,-+$#,/($#33'&#2&#&K&>(+9(+#,/($B&K(=&-#+$-.&"/2&`B6B&/$&>(<<)$/7#,/($&
#,&>(+$-33&#$.&3#,-+&3-7,)+-.&#,&>(+$-33&($&/$*(+<#,/($&2'2,-<2;&7(<<)$/7#,/($&,-7"$(3(0/-2;&#$.&
9)=3/7&29-#%/$0B&\)+/$0&,"-2-&'-#+2;&K(=&.-?-3(9-.&#&2,+($0&7($$-7,/($&A/,"&:,"#7#&#$.&"#2&2/$7-&+-<#/$-.&#7,/?-&/$&,"-&
3(7#3&2)2,#/$#=/3/,'&#$.&2(7/#3&H)2,/7-&<(?-<-$,B
C
"#+3-2&O#</3,($&/2&,"-&6(7/#3&8$,-+9+/2-&\/+-7,(+&(*&$($J9+(1,&>"#33-$0-&C(+%*(+7-&6(3),/($2&
A"-+-&"-&0)/.-2&=)2/$-22&)$/,2&,"#,&/$73).-&4/$0-+&5#%-2&4+-2";&>"#33-$0-&>($,+#7,&6,#*1$0;&
4/$0-+&5#%-2&>(<<-+7/#3&>3-#$/$0&#$.&>"#33-$0-&:<#0/$0B&O-&/2&#32(&#&=(#+.&<-<=-+&#$.&7(J
*()$.-+&(*&73-#$,-7"&#/+&7($./,/($/$0&<#$)*#7,)+-+&6'$#/+7(B&Y+/(+&,(&7(J*()$./$0&6'$#/+7(;&>"#+3-2&
A#2&,"-&>8a&#$.&7(J*()$.-+&(*&=/(,-7"&7(<9#$'&@.-$/(2&#$.&9+-?/()23'&3-.&7"-</2,+'&2,#+,J)9&
D(?(<-+&#2&Y+-2/.-$,B&>"#+3-2&A#2&#32(&#$&8$,+-9+-$-)+&/$&Z-2/.-$7-&#,&,"-&^("$2($&67"((3&#,&
>(+$-33&#$.&7(J*()$.-+&(*&73-#$,-7"&7(<9#$'&\e!B&O-&9+-?/()23'&A(+%-.&*(+&`/7+(2(*,;&Y(9;&
#$.&(,"-+&"/0"J,-7"&1+<2B&O-&#32(&7)++-$,3'&2-+?-2&#2&#&<-<=-+&(*&,"-&K(#+.&*(+&,"-&@33/#$7-&*(+&
`#$)*#7,)+/$0&#$.&!-7"$(3(0'&=#2-.&/$&K/$0"#<,($;&D-A&E(+%B&a+/0/$#33'&*+(<&@3#2%#&"-&-#+$-.&#&K6&
/$&$#,)+#3&+-2()+7-2&#$.&#$&`K@&*+(<&>(+$-33B&O-&3/?-2&/$&K+((%,($.#3-&A/,"&"/2&A/*-&#$.&,A(&.#)0",-+2B
D
#$/-33-&m3(7%&/2&,"-&>"/-*&8L-7),/?-&a*17-+&*(+&!"/$%&!(9(0+#9"';&#$&:,"#7#J=#2-.&/$*(+<#,/($&
#$.&7(<<)$/7#,/($2&.-2/0$&7(<9#$';&#$.&7(J*()$.-+&(*&6,)./(&C-2,;&#&9+(*-22/($#3&7(JA(+%/$0&
7-$,-+&/$&:,"#7#b2&C-2,&8$.B&@2&#$&-$,+-9+-$-)+&#$.&7/,/F-$;&\#$/-33-&?/-A2&-L7"#$0-&#2&,"-&*#=+/7&
(*&7(<<)$/,';&#$.&=+/$02&"-+&3-#.-+2"/9&,(&2)99(+,&,"-&0+(A,"&(*&"/0"J/<9#7,&(+0#$/F#,/($2&#$.&
,+/93-&=(,,(<&3/$-&=)2/$-22-2&,"+()0"&.--9&9#+,$-+2"/9B&6"-&7)++-$,3'&2-+?-2&($&,"-&*()$./$0&
=(#+.&(*&5(7#3&4/+2,&:,"#7#;&#$.&/2&A(+%/$0&A/,"&:,"#7#&O()+2&,(&+-?/,#3/F-&,"-&03(=#33'&+-7(0$/F-.&
3(7#3&7)++-$7'&A"/3-&"-39/$0&,(&-2,#=3/2"&,"-&-<-+0/$0&"a)+&!/<-&K#$%&(*&!(<9%/$2&>()$,'B&@&
2-3*J9+(73#/<-.&g,(9(0+#9"/7#3&,"/$%-+;h&\#$/-33-&/2&#=3-&,(&2--&,"-&7($$-7,/($2&#<($0&9-(93-;&
/$*(+<#,/($&#$.&+-2()+7-2;&=+/$0/$0&,"-<&,(0-,"-+&,(&2'$,"-2/F-&$-A&A#'2&,(&<(?-&*(+A#+.&,"+()0"&
7(33#=(+#,/($B&6"-&3/?-2&($&#$&(+0#$/7&*#+<&/$&K+((%,($.#3-;&D-A&E(+%&A/,"&"-+&*()+,--$&'-#+J(3.&
2($;&#$.&-$H('2&+-#./$0&#3().&,(&#$'($-&A"(&A/33&3/2,-$B
12
D
YZ868D!8Z6
#?/.&`#%#+&"-392&=)2/$-22&9+(*-22/($#32&7+-#,-&Z-*-++#32&*(+&5/*-B&@2&#&3/*-3($0&-$,+-9+-$-)+&"-b2&
"-39-.&")$.+-.2&(*&=)2/$-22-2;&(+0#$/F#,/($2;&#$.&9+(*-22/($#32&7(<<)$/7#,-&-**-7,/?-3'B&O-&./.&
,"/2&1+2,&,"+()0"&A-=2/,-&.-2/0$&#$.&*(+&,"-&3#2,&S&'-#+2&,"+()0"&A(+.J(*J<(),"&<#+%-,/$0&7($2)3,/$0&
#$.&,+#/$/$0B&O-&3(?-2&"-39/$0&"/2&73/-$,2&.-?-3(9&#$&-<(,/($#3&<-22#0-&,"#,&7+-#,-2&=)FF&*(+&,"-/+&
=)2/$-22B&O/2&7(<9#$';&!"-&Z-*-++#3&:$2,/,),-&:,"#7#&/2&9#+,&(*&#&A(+3.A/.-&(+0#$/F#,/($&,"#,&*(7)2-2&
MVVq&($&+-*-++#3&<#+%-,/$0B&O-&/2&#&*(+<-+&-3-7,-.&+-9+-2-$,#,/?-&(*&,"-&!(A$&(*&\+'.-$;&"#?/$0&
2-+?-.&*(+&R&'-#+2B&O-b2&=--$&#&<-<=-+&(*&KD:&*(+&(?-+&N&'-#+2&#$.&29-$.2&"/2&,/<-&A/,"&"/2&A/*-&
@+H#$;&.#)0",-+&D#,#2"#;&#$.&!-$$-22--&T,"-/+&R&'-#+&(3.&=3#7%&3#=WB&:$&,"-&2)<<-+&"-&9#..3-2&A/,"&,"-&
>#')0#&a),+/00-+&>#$(-&>3)=&#$.&7)3,/?#,-2&0+#9-2;&=3)-=-++/-2;&#$.&#993-2&/$&"/2&=#7%'#+.B&O/2&%-'&,(&
2)77-22&/2&ge/?/$0;&e/?/$0;&e/?/$0Bh
D
-=(+#"&6,+--,-+&/2&,"-&K+)7-&4B&4#/3/$0;&6+B&Y+(*-22(+&(*&Y-+2($#3&8$,-+9+/2-&#$.&6<#33&K)2/$-22&
`#$#0-<-$,&/$&,"-&\'2($&67"((3&(*&@993/-.&87($(</72&#$.&`#$#0-<-$,&#,&>(+$-33B&
8$,+-9+-$-)+2"/9&#$.&2<#33&=)2/$-22&<#$#0-<-$,&#+-&,"-&*(7)2&(*&\+B&6,+--,-+b2&,-#7"/$0;&+-2-#+7";&
#$.&(),+-#7"&#7,/?/,/-2B&\+B&6,+--,-+&+-7-/?-.&,"-&`8Z5a!&>3#22/72&@A#+.&*(+&8L-<93#+'&a$3/$-&
5-#+$/$0&Z-2()+7-2&/$&XVMV;&,"-&a3'<9)2&:$$(?#,/?-&8.)7#,(+&@A#+.&/$&XVVN;&#$.&A#2&$#<-.&#&
6,-9"-$&OB&C-/22&Y+-2/.-$,/#3&4-33(A&/$&XVVV;&,"-&"/0"-2,&,-#7"/$0&"($(+&#,&>(+$-33&G$/?-+2/,'B&
\+B&6,+--,-+&"(3.2&#&`B6B&TMkQVW&#$.&Y"B\B&TMkQPW&/$&@0+/7)3,)+#3&87($(</72&*+(<&,"-&G$/?-+2/,'&
(*&C/27($2/$&`#./2($B&6"-&/2&#&<-<=-+&(*&#&)$/?-+2/,'JA/.-&9+(0+#<&/$&-$,+-9+-$-)+2"/9;&,"-&
8$,+-9+-$-)+2"/9f>(+$-33&9+(0+#<B&@&<#H(+&9+(H-7,&(*&\+B&6,+--,-+b2&"#2&=--$&,"-&.-?-3(9<-$,&(*&
>(+$-33b2&->3/92;&,"-&A(+3.b2&3#+0-2,&7(33-7,/($&(*&./0/,#3&?/.-(&73/92&($&8$,+-9+-$-)+2"/9;&K)2/$-22&#$.&5-#.-+2"/9&TMR;VVV&
73/92W;&/$&)2-&/$&(?-+&M;XVV&)$/?-+2/,/-2&#$.&<(+-&,"#$&2-?-$,'J1?-&7()$,+/-2B&
D
-2/+--&@.#A#'&/2&#&.'$#</7&29-#%-+&#$.&-L9-+/-$7-.&2(7/#3&-$,+-9+-$-)+B&6"-&/2&,"-&9+/$7/9#3&#$.&
*()$.-+&(*&,"-&@.#A#'&e+()9;&=#2-.&/$&@2"-?/33-;&D(+,"&>#+(3/$#B&`2B&@.#A#'&/2&#&2,+($0;&2,+#,-0/7&
=)2/$-22&9+(*-22/($#3&A/,"&,"-&=+-#.,"&#$.&.-9,"&(*&"#?/$0&A(+%-.&A/,"&(+0#$/F#,/($2&(*&#33&2/F-2&
/$&?#+/()2&9"#2-2&(*&,+#$2/,/($B&6"-&=+/$02&/$2/0",&#$.&-L9-+,/2-&,(&"-+&73/-$,2&*+(<&"#?/$0&2-+?-.&/$&
2-$/(+J3-?-3&+(3-2&/$&,"-&$($9+(1,&#$.&0+#$,2&<#$#0-<-$,&2-7,(+2&*(+&2)7"&+-$(A$-.&(+0#$/F#,/($2&#2&
O#=/,#,&*(+&O)<#$/,'&:$,-+$#,/($#3;&A"-+-&2"-&A#2&,"-&6-$/(+&\/+-7,(+&(*&](3)$,--+&`(=/3/F#,/($;&#$.&
Z(,#+'&:$,-+$#,/($#3;&A"-+-&2"-&A#2&,"-&./+-7,(+&(*&,"-/+&3#+0-2,&O)<#$/,#+/#$&e+#$,2&9+(0+#<B&O-+&
/$.)2,+'&-L9-+,/2-&/$73).-2&*)$.+#/2/$0;&0+#$,2&<#$#0-<-$,;&-$?/+($<-$,#3;&2(7/#3&H)2,/7-;&#$.&*#/,"J
=#2-.&/$/,/#,/?-2B
D
/#$-&>("-$&/2&-L-7),/?-&./+-7,(+&(*&4/$0-+&5#%-2&Z-G2-;&#&$($J9+(1,&(+0#$/F#,/($&.-?-3(9-.&
A/,"&!(<9%/$2&>()$,'&#$.&>(+$-33&>((9-+#,/?-&8L,-$2/($&,(&-$"#$7-&7(<<)$/,';&-7($(<';&
#$.&-$?/+($<-$,&,"+()0"&+-)2-B&6"-&"#2&=--$&A(+%/$0&/$&$($9+(1,&<#$#0-<-$,&2/$7-&XVVM;&#$.&
0+#.)#,-.&*+(<&:,"#7#&>(33-0-&/$&MkQN&A/,"&#&.-0+--&/$&4/$-&@+,&#$.&Y(3/,/72B&4/$0-+&5#%-2&Z-G2-&
(9-+#,-2&#&Z-G2-&>-$,-+;&#&\-7($2,+)7,/($&6-+?/7-2&9+(0+#<&#2&#$&#3,-+$#,/?-&,(&.-<(3/,/($;&#$.&
#$&->-$,-+&r&#&7(<9),-+&+-)2-&#$.&+-*)+=/2"/$0&9+(0+#<B&C/,"&*()+,--$&3/?/$0&A#0-&-<93('--2;&,"-&
(+0#$/F#,/($&"#2&=-0)$&,(&<#L/</F-&,"-&-$?/+($<-$,#3&=-$-1,2;&-7($(</7&/<9#7,2;&H(=&,+#/$/$0&#$.&
2%/33J=)/3./$0&(99(+,)$/,/-2&,"+()0"&+-)2/$0;&+-*)+=/2"/$0;&#$.&+-,#/3/$0&=)/3./$0&<#,-+/#32;&*)+$/,)+-;&
"()2-A#+-2;&7(<9),-+2&#$.&-3-7,+($/72B&4/$0-+&5#%-2&Z-G2-&+-7-/?-.&,"-&D(,J*(+JY+(1,&K)2/$-22&
(*&,"-&E-#+&@A#+.&*+(<&,"-&!(<9%/$2&>()$,'&>"#<=-+&(*&>(<<-+7-&/$&XVMV;&#$.&,"-&^-**&4)+<#$&@A#+.&*(+&6(7/#3&
Z-29($2/=/3/,'&/$&K)2/$-22&*+(<&@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($&/$&XVMXB
D
(</$/7&4+($0/33(&<#.-&"/2,(+'&#,&#0-&,A-$,'J,A(&='&=-7(</$0&,"-&'()$0-2,&9-+2($&,(&2-+?-&($&
,"-&!(A$&>()$7/3&/$&>#+(3/$-;&D-A&E(+%B&O-&/2&,"-&7(J*()$.-+&(*&8$-+0'&:$.-9-$.-$,&>#+(3/$-;&
2-+?-.&)$.-+&e(?-+$(+&\#?/.&Y#,-+2($&($&,"-&#.?/2(+'&9#$-3&*(+&D-A&E(+%&6,#,-b2&*#+J+-#7"/$0&
XVRV&>3/<#,-&@7,/($&Y3#$;&#$.&/2&#&,+#/$-+&*(+&,"-&$#,/($#3&E()$0&83-7,-.&a*17/#32&D-,A(+%&#$.&
4+($,&5/$-&5-#.-+2&@7#.-<'B&4+($0/33(&/2&,"-&>(<<)$/,'&8$-+0'&8.)7#,(+&A/,"&>(+$-33&>((9-+#,/?-&
8L,-$2/($&(*&!(<9%/$2&>()$,'B&O-&*()$.-.&#$.&#.?/2-2&,"-&!(<9%/$2&8$-+0'&>(+92&,(&=)/3.&,"-&
+-0/($#3&<#+%-,&*(+&"(<-&-$-+0'&-*17/-$7'&)90+#.-2&#$.&7(J7((+./$#,-.&,"-&g5/0",-$&G9&!(<9%/$2h&
13
YZ868D!8Z6
#$.&g5/0",-$&G9&:,"#7#h&2(7/#3&<#+%-,/$0&7#<9#/0$2;&A"/7"&.-3/?-+-.&#$&-$-+0'J2#?/$0&3/0",&=)3=&,(&MN;VVV&"()2-"(3.2&/$&
,"+--&"()+2B&D#,/($#33'&+-7(0$/F-.&*(+&"/2&A(+%&/$&73-#$&-$-+0'&#$.&2)2,#/$#=/3/,';&4+($0/33(&/2&#&1$#3/2,&*(+&,"-&$#,/($#3&
XVMX&K#+=#+#&^(+.#$&5-#.-+2"/9&@A#+.B&:$&XVMX;&#),"(+&^-**&!"/09-$&9+(13-.&4+($0/33(&#2&($-&(*&@<-+/7#b2&2/L,--$&<(2,&
$(,#=3-&'()$0&-3-7,-.&3-#.-+2B&
8
3-$#&43#2"&/2&#&9#+,$-+&#,&`/33-+&`#'-+;&55Y;&7($7-$,+#,/$0&"-+&9+#7,/7-&/$&$(,J*(+J9+(1,&#$.&,#LJ
-L-<9,&(+0#$/F#,/($&#.?/2/$0;&"-#3,"&3#A&#$.&7(<93-L&,+#$2#7,/($#3&A(+%B&83-$#&"#2&-L,-$2/?-&
-L9-+/-$7-&+-9+-2-$,/$0&7($,/$)/$0&7#+-&+-,/+-<-$,&7(<<)$/,/-2&+-0#+./$0&*(+<#,/($;&3/7-$2/$0;&
1$#$7/$0&#$.&(9-+#,/($2&#2&=(++(A-+;&.-?-3(9-+;&<#$#0-+&#$.&=#$%&7()$2-3B&6"-&#32(&9+#7,/7-2&+-#3&
-2,#,-&3#A&7($7-$,+#,/$0&($&7(<<-+7/#3&.-?-3(9<-$,&#$.&1$#$7/$0B&83-$#&"#2&#&2,+($0&A(+%/$0&
%$(A3-.0-&(*&,"-&DE6&#,,(+$-'&0-$-+#3&+-0)3#,/($2&+-3#,-.&,(&(**-+/$0&93#$2&*(+&7((9-+#,/?-2;&
7($.(</$/)<2&#$.&"(<-&(A$-+2&#22(7/#,/($2&#$.&"#2&A(+%-.&A/,"&.-?-3(9-+2;&<#$#0-+2&#$.&
=(#+.2&(*&$-A&#$.&-L/2,/$0&7(<<)$/,/-2;&,A(&(*&A"/7"&#+-&7(J"()2/$0&7(<<)$/,/-2B&6"-&"#2&2-+?-.&
#2&=(,"&=(++(A-+&#$.&=#$%&7()$2-3&($&,#LJ-L-<9,&=($.&1$#$7/$02B&83-$#b2&-.)7#,/($_&^B\B&*+(<&
>(+$-33&5#A&67"((3;&7)<&3#).-;&MkQR;&8.B`B&O#+?#+.&G$/?-+2/,';&MkQV;&#$.&@BKB&K+'$&`#A+&>(33-0-;&
7)<&3#).-;&MkNkB&&83-$#&/2&#&*+-d)-$,&9+(&=($(&9+-2-$,-+&*(+&$(,J*(+J9+(1,&(+0#$/F#,/($2&($&/22)-2&(*&*(+<#,/($;&='3#A2&
#$.&7(+9(+#,-&0(?-+$#$7-B&6"-&"#2&2-+?-.&($&,"-&=(#+.&(*&#&2<#33&9+/?#,-&27"((3&#$.&#&3#+0-&2-$/(+&3/?/$0&9+(?/.-+B
8
3/2#&`/33-+Ja),&/2&>8a&(*&6/$03-=+((%;&#&A-=&#$.&<(=/3-&.-?-3(9<-$,&7(<9#$'&=#2-.&/$&:,"#7#;&
DEB&6/$03-=+((%&/2&#&7-+,/1-.&K&>(+9&A/,"&#&2,+($0&-<9"#2/2&($&2(7/#3&#$.&-$?/+($<-$,#3&
+-29($2/=/3/,'&#$.&#&</22/($&(*&!-7"$(3(0'&*(+&>"#$0-B&6/$03-=+((%&1$.2&/$$(?#,/?-&A#'2&,(&)2-&A-=&
#$.&<(=/3-&,-7"$(3(0'&,(&<#%-&#&9(2/,/?-&/<9#7,B&83/2#&"#2&=--$&*-#,)+-.&/$&,"-&D-A&E(+%&!/<-2;&
G6@&!(.#'&#$.&(,"-+&9)=3/7#,/($2;&#$.&"#2&29(%-$&#=(),&,-7"$(3(0'&#$.&-$,+-9+-$-)+2"/9&#,&-?-$,2&
#7+(22&,"-&7()$,+'B&6"-&0+#.)#,-.&6)<<#&>)<&5#).-&*+(<&K#+$#+.&>(33-0-&(*&>(3)<=/#&G$/?-+2/,'B&
83/2#&2-+?-2&($&,"-&>()$7/3&(*&:$$(?#,/($&@.?/2(+2&*(+&>($?-+0-G6B
$)</$&8$
Corn
G
/
2
#7,/?/
G$/,"#?-&
7(*()
7()$
#A#+
,"-&6
8
3/F#=-,"&O-$.-+2($&*#+<-.&#,&Y-#7-A(+%&4#+<&/$&C#'$-&>()$,';&D-A&E(+%;&
9+(.)7/$0&(+0#$/7#33'&0+(A$&?-0-,#=3-2&*(+&,"-&*+-2"&<#+%-,&*(+&(?-+&,"/+,'&
'-#+2B&6"-&/2&#&<-<=-+&(*&,"-&K(#+.&(*&\/+-7,(+2&(*&,"-&D(+,"-#2,&a+0#$/7&4#+</$0&@22(7/#,/($&(*&
D-A&E(+%&TDa4@JDEW;&#$.&+-9+-2-$,2&Da4@&($&,"-&`#$#0-<-$,&>(<</,,--&(*&,"-&@0+/7)3,)+#3&
^)2,/7-&Y+(H-7,B&:$&XVVk&Da4@JDE&"($(+-.&"-+&A/,"&#&5/*-,/<-&@7"/-?-<-$,&@A#+.B&O-+&A+/,/$02&($&
(+0#$/7&#0+/7)3,)+-&#99-#+&/$&!"-&D#,)+#3&4#+<-+&#$.&(,"-+&9)=3/7#,/($2;&#$.&2"-&/2&,"-&3-#.&#),"(+&
(*&6"#+/$0&,"-&O#+?-2,_&@&>/,/F-$b2&e)/.-&,(&>(<<)$/,'&6)99(+,-.&@0+/7)3,)+-&T>"-32-#&e+--$;&
XVVNWB&6"-&#32(&A+(,-&@&4((.&K((%&*(+&#&6)2,#/$#=3-&O#+?-2,&*(+&,"-&SVV&<-<=-+2&(*&,"-&e-$-2--&
]#33-'&a+0#$/7&>(<<)$/,'&6)99(+,-.&@0+/7)3,)+-&Y+(H-7,&Te]a>6@W&/$&/,2&,A-$,'J*()+,"&'-#+&/$&
2012.
#=/$#&K-$/,-2&>(3($&2-+?-2&#2&Y+(0+#<&8.)7#,(+&A/,"&,"-&D#,)+#3&5-#.-+2"/9&:$/,/#,/?-&TD5:W&#$.&
8L9-+/-$,/#3&5-#+$/$0&>((+./$#,(+&/$&:,"#7#&>(33-0-b2&\-9#+,<-$,&(*&8$?/+($<-$,#3&6,)./-2B&6"-&
"#2&#32(&A(+%-.&/$&1$#$7/#3&<#$#0-<-$,&9(2/,/($2&#,&>(+$-33&#$.&:,"#7#&>(33-0-B&@&$#,/?-&(*&Y-+)&
A"(&/<</0+#,-.&,(&!(<9%/$2&>()$,'&#,&,"-&#0-&(*&$/$-;&4#=/$#&/2&9#22/($#,-&#=(),&<)3,/7)3,)+#3&
-.)7#,/($B&6"-&/2&7)++-$,3'&3#)$7"/$0&6(5)$#;&#$&(+0#$/F#,/($&.-?(,-.&,(&2"#+/$0&<-#$/$0*)3&,-#7"/$0&
#$.&3-#+$/$0&-L9-+/-$7-2&,"#,&.-?-3(9&#A#+-$-22&(*&,"-&?/,#3&+(3-&,"#,&7)3,)+-2&93#'&/$&()+&3/?-2&#$.&
9+(<(,-&7)3,)+#3&7(<9-,-$7'&#$.&)$/,'B&6"-&"#2&2-+?-.&#2&#&?(3)$,--+&#$.&K(#+.&<-<=-+&*(+&#&
$)<=-+&(*&!(<9%/$2&>()$,'&(+0#$/F#,/($2;&#$.&/2&7)++-$,3'&K(#+.&!+-#2)+-+&
*(+&5(?-&m$(A2&D(&K()$.2B&6"-&"#2&#&KB6B&/$&7()$2-3/$0&*(+&<)3,/7)3,)+#3&
#.(3-27-$,2&*+(<&8<9/+-&6,#,-&>(33-0-;&#$.&/2&#&0+#.)#,-&(*&,"-&D5:&9+(0+#<B
4
G
#+'&C-/22=+(,_&4(+&1?-&'-#+2&9+/(+&,(&=-*(+-&=-7(</$0&,"-&e-$-+#3&`#$#0-+&(*&K)**#3(&6,+--,&
K((%2;&:,"#7#b2&>(<<)$/,'JaA$-.&>((9-+#,/?-&K((%2,(+-;&e#+'&C-/22=+(,&A#2&,"-&2(3-&
(A$-+;&"#?/$0&+-27)-.&/,&*+(<&73(2/$0&/$&XVVUB&K-*(+-&,"#,;&e#+'&A#2&#&9/7,)+-&*+#<-+;&A(+%-.&#,&!"-&
K((%-+'&TG2-.&p&Z#+-&=((%2W;&A#2&#&,-#7"-+&/$&,"-&:>6\&#$.&#&3(7#3&#7,(+B&K-*(+-&,"#,sA-33;&A-b+-&
3/</,-.&,(&MRV&A(+.2B&K)'&e#+'&#&2/$03-J<#3,;&9),&($&2(<-&H#FF;&#$.&"-&A/33&,-33&#33B
MP
-$,+-<93
#$.&1
#.?/2
$-0(
>-+,
,+#/$7(<B
2&/$&
#3&
(2,&
A2&
#;&
A-=&
;&
-$,2&
+2/,'B&
#$.&
"-&
)&
"/$0&
$.&
6
YZ868D!8Z6
/$7-&XVVP;&e#'&D/7"(32($&"#2&3-.&6)2,#/$#=3-&!(<9%/$2&/$&.-2/0$/$0&#$.&/<93-<-$,/$0&#$&/$,-0+#,-.&
9+(0+#<&,(&#.?#$7-&,"-&7+-#,/($&(*&#&<(+-&2)2,#/$#=3-&+-0/($#3&7(<<)$/,'B&e#'&-<9"#2/F-2&
#&2'2,-<2&#99+(#7"&,(&A(+%/$0&A/,"&9#+,$-+2&,(&=)/3.&,"-&/$*+#2,+)7,)+-&#$.&2(7/#3&7#9#7/,'&*(+&
<(+-&2)2,#/$#=3-&A#'2&(*&3/?/$0&#$.&A(+%/$0B&6"-&"#2&#32(&=--$&/$2,+)<-$,#3&/$&,"-&*()$./$0&#$.&
.-?-3(9<-$,&(*&,"-&e+--$&Z-2()+7-&O)=&(*&,"-&4/$0-+&5#%-2&#$.&,"-&6)2,#/$#=3-&8$,-+9+/2-&p&
8$,+-9+-$-)+&D-,A(+%&T688DW;&A"/7"&*(7)2-2&($&-L9#$./$0&,"-&+-0/($#3&<#+%-,93#7-&*(+&2)2,#/$#=3-&
3/?/$0B&e#'&3-*,&#&7#+--+&/$&2)2,#/$#=3-&#0+/7)3,)+-&,(&A(+%&/$&-$?/+($<-$,#3&#.?(7#7'&#$.&-.)7#,/($&
A/,"&>(+$-33b2&Y+(0+#<&($&8,"/72&#$.&Y)=3/7&5/*-;&#$.&#2&-L-7),/?-&./+-7,(+&(*&,"-&4/$0-+&5#%-2&
5#$.&!+)2,&=-*(+-&3-#./$0&,"-&7+-#,/($&(*&6)2,#/$#=3-&!(<9%/$2B&6"-&"#2&=--$&#$&#7,/?-&?(3)$,--+&/$&
$)<-+()2&7(<<)$/,'&#$.&-$?/+($<-$,#3&(+0#$/F#,/($2;&9+(?/./$0&3-#.-+2"/9&*+(<&,"-&3(7#3&,(&,"-&$#,/($#3&3-?-3B&O-+&KB6B&
/$&8$?/+($<-$,#3&67/-$7-&/2&*+(<&G$/?-+2/,'&(*&]/+0/$/#;&#$.&"-+&`B6B&#$.&Y"B\B&#+-&/$&"(+,/7)3,)+-&*+(<&
Cornell University.
G
/2-33-&`#3/$#&/2&*#+&*+(<&,"-&,'9/7#3&>(+$-33&2,).-$,B&@&2,#)$7"&2)99(+,-+&(*&/$,-+./27/93/$#+'&A(+%;&
2"-&2,+/?-2&,(&#993'&,"/2&7($7-9,&,(&-?-+'&*#7-,&(*&"-+&3/*-;&*+(<&27"((3A(+%&,(&-L,+#7)++/7)3#+&
#7,/?/,/-2;&2,).-$,&(+0#$/F#,/($2;&#$.&=-'($.B&6"-&A#2&=(+$&#$.&+#/2-.&/$&4+#$7-;&-.)7#,-.&/$&,"-&
G$/,-.&6,#,-2;&#$.&"#2&29-$,&7()$,3-22&<($,"2&?(3)$,--+/$0&#+()$.&,"-&A(+3.B&O-+&-L9-+/-$7-2&
"#?-&9+(?/.-.&"-+&A/,"&/$2/0",&/$,(&,"-&9(A-+&(*&7($$-7,/($2;&$-,A(+%/$0;&#$.&/$,-+7)3,)+#3&A(+%B&@2&
7(*()$.-+&(*&\-2/0$&*(+&@<-+/7#&T\4@W&#,&>(+$-33;&9#+,&(*&#&$-,A(+%&(*&*()+,--$&2,)./(2&#7+(22&,"-&
7()$,+'&,"#,&)2-2&.-2/0$&,(&,#7%3-&2(7/#3&7"#33-$0-2;&2"-&"-39-.&.-?-3(9&#&2,)./(&,"#,&"#2&,#%-$&"(<-&
#A#+.2&*+(<&,"-&K-,,-+&@3,-+$#,/?-&#$.&(9-$&:\8a&.-2/0$&7"#33-$0-2B&:$&#../,/($&,(&\4@;&e/2-33-&/2&7)++-$,3'&A(+%/$0&($&
,"-&6<#+,-+&8.)7#,/($&:$/,/#,/?-;&#&2,).-$,&(+0#$/F#,/($&,"#,&#/<2&,(&/<9+(?-&"-#3,"&-.)7#,/($&*(+&7"/3.+-$&/$&$(+,"-+$&
m-$'#B&>)++-$,3'&#&>(+$-33&2-$/(+&<#H(+/$0&/$&92'7"(3(0';&e/2-33-&3/?-2&/$&:,"#7#;&DEB
G
+-0&Y/,,2;&:$?-2,<-$,&@.?/2(+&*(+&D#,)+#3&:$?-2,<-$,2B&e+-0&/2&#&1$#$7/#3&93#$$-+&#$.&/$?-2,<-$,&
#.?/2(+&*(7)2-.&($&,+#$2*(+</$0&"/2&73/-$,b2&+-3#,/($2"/9&,(&<($-'B&&@2&#$&#.?/2(+&*(+&,"-&D#,)+#3&
:$?-2,<-$,2;&"-&/2&:,"#7#b2&($3'&/$.-9-$.-$,;&*--J($3'&/$?-2,<-$,&#.?/2(+&29-7/#3/F/$0&/$&2)2,#/$#=3-&#$.&
2(7/#33'&+-29($2/=3-&/$?-2,<-$,2;&"-39/$0&"/2&73/-$,2&<(+-&.--93'&3/?-&,"-/+&?#3)-2;&#$.&,(&.(&A-33&A"/3-&
.(/$0&0((.B&&e+-0&/2&.-./7#,-.&,(&3(7#3&/$?-2,/$0&#2&#&*()$./$0&<-<=-+&(*&,"-&>#')0#&5:aD&T5(7#3&
:$?-2,/$0&a99(+,)$/,/-2&D-,A(+%WB&
O
#'.-$&K+#/$#+.&/2&#&9#+,$-+&#,&`/33-+&`#'-+;&55Y;&7($7-$,+#,/$0&"/2&9+#7,/7-&
/$&7(+9(+#,-&3#AB&`+B&K+#/$#+.b2&7(+9(+#,-&9+#7,/7-&/$73).-2&#.?/2/$0&
-$,+-9+-$-)+2;&#$.&2<#33&#$.&<-./)<&2/F-&=)2/$-22-2&/$&=)2/$-22&*(+<#,/($&#$.&0(?-+$#$7-;&
-<93('<-$,&<#,,-+2;&7(<<-+7/#3&+-#3&-2,#,-;&<-+0-+2&#$.&#7d)/2/,/($2;&3/7-$2/$0;&2)77-22/($&93#$$/$0;&
#$.&1$#$7/$0&/$73)./$0&?-$,)+-&7#9/,#3B&`+B&K+#/$#+.&#32(&9+#7,/7-2&/$,-33-7,)#3&9+(9-+,'&3#A;&/$73)./$0&
#.?/2/$0&73/-$,2&/$&/$,-33-7,)#3&9+(9-+,'&9+(,-7,/($;&,+#.-<#+%&#$.&7(9'+/0",&+-0/2,+#,/($;&3/7-$2/$0;&
$-0(,/#,/($&#$.&9+-9#+#,/($&(*&2(*,A#+-&.-?-3(9<-$,&#$.&2-+?/7-&#0+--<-$,2B&
^
#$#&^#$-&O-L,-+;&eY>;&/2&,"-&#),"(+&(*&ge+#$,&C+/,/$0&Z-?-#3-._&XR&8L9-+,2&6"#+-&!"-/+&@+,;&
67/-$7-;&#$.&6-7+-,2Bh&6"-&/2&*()$.-+&(*&e+#$,2&>"#<9/($&#$.&"#2&A+/,,-$&A-33&(?-+&MRV&2)77-22*)3&
9+(9(2#32&#$.&+#/2-.&<(+-&,"#$&tXQ&</33/($&*(+&"-+&73/-$,2B&K(+$&#$.&+#/2-.&/$&8$03#$.;&2"-&0+#.)#,-.&
*+(<&>(+$-33&G$/?-+2/,'&A"-+-&2"-&A#2&#&4(+.&4()$.#,/($&>3)2,-+2&67"(3#+B&6"-&,#)0",&0+#$,&
A+/,/$0&#,&D-A&E(+%&G$/?-+2/,'b2&e-(+0-&OB&O-'<#$&^+B&>-$,-+&*(+&Y"/3#$,"+(9'&#$.&4)$.+#/2/$0&#$.&
9+-2-$,-.&#,&,"-&e+#$,&Y+(*-22/($#32&@22(7/#,/($&TeY@W&#$.&@22(7/#,/($&(*&4)$.Z#/2/$0&Y+(*-22/($#32&
/$,-+$#,/($#3&7($*-+-$7-2B&6"-&"#2&#32(&2-+?-.&($&eY@b2&$#,/($#3&=(#+.&#$.&/2&#&*(+<-+&7"#9,-+&=(#+.&
<-<=-+&(*&,"-&@4Y&4/$0-+&5#%-2&#$.&2-+?-.&#2&#&6)=H-7,&`#,,-+&8L9-+,&*(+&,"-&e+#$,&Y+(*-22/($#32&
>-+,/17#,/($&:$2,/,),-&TeY>:W&,(&.-?-3(9&,"-&e+#$,&Y+(*-22/($#32&>-+,/17#,-&-L#<B&:$&#../,/($;&2"-&/2&#&<-./)<&#$.&/2&
,+#/$-.&/$&3-#./$0&29/+/,)#3&7/+73-2&*(+&/$./?/.)#3;&7(33-7,/?-;&#$.&03(=#3&"-#3/$0B&6"-&7#$&=-&+-#7"-.&#,&AAAB0+#$,27"#<9/($B
7(<B
15
YZ868D!8Z6
^
-$$/*-+&\-3#$-'&/2&#&XVMS&`K@&>#$./.#,-&#,&>(+$-33&G$/?-+2/,'B&^-$$/*-+&0+#.)#,-.&*+(<&6,#$*(+.&
G$/?-+2/,';&.()=3-&<#H(+/$0&/$&87($(</72&#$.&Y)=3/7&Y(3/7'B&6"-&2,#+,-.&"-+&7#+--+&($&,"-&=)'&
2/.-&(*&,"-&/$?-2,/$0&/$.)2,+';&#$.&"#.&/$,-+$2"/92&#,&O#</3,($&5#$-&@.?/2(+2;&#&9+/?#,-&-d)/,'&*)$.J
(*J*)$.2;&#$.&#,&,"-&6,#$*(+.&`#$#0-<-$,&>(<9#$'B&`(2,&+-7-$,3';&2"-&H(/$-.&2"(9%/7%;&#&m3-/$-+&
Y-+%/$2&#$.&e+-'3(7%&=#7%-.&2,#+,J)9;&#2&,"-/+&$/$,"&-<93('--&*(+&,A(&'-#+2B&^-$$/*-+&"-3.&+(3-2&/$&
=)2/$-22&.-?-3(9<-$,;&#77()$,&<#$#0-<-$,&#$.&<#+%-,/$0;&#$.&7#)0",&2,#+,J)9&*-?-+B&@,&>(+$-33;&
2"-b2&#&<#$#0-+&(*&,"-&-5#=&T>(+$-33b2&/$7)=#,(+W&#$.&#&<#$#0-+&(*&,"-&YaY6OaY&T>(+$-33b2&7(J
A(+%/$0&29#7-WB&^-$$/*-+&/2&#32(&#$&8$,+-9+-$-)+2"/9f>(+$-33&4-33(A;&#&`#$#0-<-$,&5-#.-+2"/9&*(+&
!(<(++(A&T`5!W&*-33(A;&#$.&#&>($2(+,/)<&*(+&e+#.)#,-&6,)./-2&/$&`#$#0-<-$,&T>e6`W&4-33(AB&
^
"#%--<&O#3,(<&/2&#&'(),"&9+(0+#<&3-#.-+&#,&,"-&Y#)3&67"+-)+2&`-<(+/#3&Y+(0+#<&#,&,"-&:,"#7#&
E(),"&K)+-#);&A"-+-&"-&"#2&A(+%-.&A/,"&"/0"&27"((3&2,).-$,2&*(+&,"-&9#2,&*()+&'-#+2B&O-&/2&#32(&
,"-&<#$#0-+&#$.&*()$.-+&(*&>($0(&6d)#+-&`#+%-,;&A"/7"&,#%-2&93#7-&#,&,"-&6(),"2/.-&>(<<)$/,'&
>-$,-+&/$&:,"#7#&($&4+/.#'&-?-$/$02&.)+/$0&,"-&2)<<-+&<($,"2B&>($0(&6d)#+-&`#+%-,&/2&(9-$&,(&#33&
,(&-$H('&<)2/7;&*((.&#$.&7)3,)+-B&:,&#32(&9+(<(,-2&7(<<)$/,'&)$/,';&2-3*J.-,-+</$#,/($&#$.&#77-22&,(&
+-2()+7-2&*(+&<#+0/$#3/F-.&7(<<)$/,/-2B&:,&"#2&=--$&/$&(9-+#,/($&*(+&*()+&'-#+2&.)+/$0&,"-&2)<<-+&
<($,"2;&#$.&/2&#&7(33#=(+#,/($&=-,A--$&6(),"2/.-&>(<<)$/,'&>-$,-+;&,"-&Y#)3&67"+-)+2&`-<(+/#3&
Y+(0+#<;&,"-&C"(3-&>(<<)$/,'&Y+(H-7,;&#$.&,"-&E(),"&4#+<&Y+(H-7,B&O-&#32(&2/$02;&93#'2&[),-&#$.&
7($0#&/$&,"-&=#$.&!"()2#$.2&(*&a$-B&
^
(#$$#&e+--$&/2&\/+-7,(+&(*&,"-&e+()$.2A-33&>-$,-+&*(+&5(7#3&4((.&p&4#+</$0&/$&:,"#7#;&DE;&
A"/7"&(**-+2&*#+<J=#2-.&-.)7#,/($&#$.&,+#/$/$0&9+(0+#<2&*(+&=-0/$$/$0&*#+<-+2;&2,).-$,2;&#$.&
7(<<)$/,'&<-<=-+2B&K-*(+-&+-,/+/$0&*+(<&>(+$-33&G$/?-+2/,'&/$&XVVk;&2"-&2-+?-.&#2&8L,-$2/($&
@22(7/#,-&A/,"&>(+$-33b2&6<#33&4#+<2&Y+(0+#<;&>(<<)$/,';&4((.&#$.&@0+/7)3,)+-&Y+(0+#<;&#$.&
4#+</$0&@3,-+$#,/?-2&Y+(0+#<B&6"-&/2&,"-&7(#),"(+&(*&ge+(A/$0&O(<-_&@&e)/.-&,(&Z-7($$-7,/$0&
@0+/7)3,)+-;&4((.&#$.&>(<<)$/,/-2;h&#2&A-33&#2&7(#),"(+&(*&,"-&#A#+.JA/$$/$0&9)=3/7#,/($;&g4#+</$0&
@3,-+$#,/?-2_&@&e)/.-&,(&8?#3)#,/$0&,"-&4-#2/=/3/,'&(*&D-A&4#+<JK#2-.&8$,-+9+/2-2Bh&6"-&9+(.)7-2&
<)7"&(*&"-+&*#</3'b2&*((.&($&#&XJ#7+-&"(<-2,-#.&*#+<&/$&8$1-3.;&DEB
^
(-&`#++#*1$(&/2&,"-&4/$#$7-&`#$#0-+&*(+&e+--$6,#+&>((9-+#,/?-&`#+%-,&/$&:,"#7#B&Y+-?/()2&,(&
e+--$6,#+&^(-&A#2&#&A(+%-+&7((9-+#,/?-&(+0#$/F-+&#,&,"-&@+/F<-$./&@22(7/#,/($&(*&>((9-+#,/?-2&
/$&>#3/*(+$/#;&A"-+-&"-&"-39-.&2,#+,&,A(&A(+%-+J(A$-.&=#%-+/-2&/$&XVMVB&^(-&/2&#&<-<=-+&(*&,"-&
\-<(7+#7'&#,&C(+%&D-,A(+%;&#$.&<#/$,#/$2&#$&($3/$-&+-2()+7-&*(+&,"-&GB6B&A(+%-+&7((9-+#,/?-&
<(?-<-$,&#,&AAAB#<-+/7#$B7((9B&&
m
#+3&e+#"#<&/2&,"-&\/+-7,(+&(*&>(<<)$/,'&Z-3#,/($2&#$.&\-?-3(9<-$,&#,&,"-&
@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($&/$&:,"#7#B&m#+3&"#2&A(+%-.&#,&@3,-+$#,/?-2&
*(+&,A-$,'J2-?-$&'-#+2;&2,#+,/$0&#2&#&,-33-+&/$&MkQRB&@3,-+$#,/?-2&4-.-+#3&>+-./,&
G$/($&A#2&7"#+,-.&/$&MkNkB&@3,-+$#,/?-2&4>G&/2&#&>(<<)$/,'&\-?-3(9<-$,&4/$#$7/#3&:$2,/,),/($;&
.-./7#,-.&,(&=)/3./$0&A-#3,"&#$.&7+-#,/$0&-7($(</7&(99(+,)$/,'&*(+&)$.-+&2-+?-.&9-(93-&#$.&
7(<<)$/,/-2B&
m
#,/-&6,($-+&A(+%2&*(+&,"-&Y#+%&4()$.#,/($&/$&:,"#7#;&DE;&3-#./$0&/,2&3(7#3&
2)2,#/$#=/3/,'&0+#$,<#%/$0&9+(0+#<&,(&#.?#$7-&-$-+0';&73/<#,-;&3(7#3&*((.;&
2<#+,&0+(A,";&#$.&-.)7#,/($&0(#32B&Y+-?/()23';&2"-&2-+?-.&#2&,"-&6)2,#/$#=/3/,'&Y3#$$-+&*(+&,"-&!(A$2&
(*&:,"#7#&#$.&\+'.-$;&DE&3-#./$0&0+--$"()2-&0#2&-</22/($2&+-.)7,/($&/$/,/#,/?-2&#$.&7(<<)$/,'&
2)2,#/$#=/3/,'&-**(+,2&*(+&=(,"&3(7#3&0(?-+$<-$,2&#$.&/$&9#+,$-+2"/9&A/,"&(,"-+&%-'&3(7#3&(+0#$/F#,/($2&
#$.&<)$/7/9#3/,/-2B&:$&"-+&A(+%&A/,"&,"-&!(<9%/$2&>()$,'&>3/<#,-&Y+(,-7,/($&:$/,/#,/?-;&#&<)3,/J2-7,(+&
7(#3/,/($&(*&3-#.-+2&A(+%/$0&,(&#7"/-?-&-$-+0'&#$.&73/<#,-&0(#32;&m#,/-&"-39-.&<(?-&*(+A#+.&#7,/($J
(+/-$,-.&7(33#=(+#,/?-&9+(H-7,2B&6"-&A#2&($-&(*&,"-&*()$./$0&(+0#$/F-+2&(*&,"-&e-,&E()+&e+--$K#7%&
7#<9#/0$;&#&7(<<)$/,'JA/.-&/$/,/#,/?-&#/<-.&#,&-$0#0/$0&#33&9-(93-&/$&!(<9%/$2&>()$,'&,(&2#?-&<($-'&#$.&-$-+0';&#$.&,(&
7+-#,-&#&./?-+2-&#$.&/$73)2/?-&3(7#3&<(?-<-$,B&m#,/-&"#2&#32(&2-+?-.&($&,"-&=(#+.2&(*&,"-&e+()$.2A-33&>-$,-+&*(+&5(7#3&
4((.&#$.&4#+</$0&#$.&87(]/33#0-&#,&:,"#7#B
16
YZ868D!8Z6
m
-$&67"3#,"-+&"#2&=--$&,"-&8L-7),/?-&\/+-7,(+&(*&,"-&>(+$-33&>((9-+#,/?-&8L,-$2/($&@22(7/#,/($&/$&!(<9%/$2&>()$,'&
T>>8!>W&*(+&,"-&9#2,&$/$-&'-#+2B&>>8!>&/2&#&$($J*(+<#3&-.)7#,/($#3&(+0#$/F#,/($&.-./7#,-.&,(&A(+%/$0&A/,"&
9-(93-&#$.&,"-&g2'2,-<2h&,"-'&3/?-&/$&,(&/<9+(?-&,"-/+&3/?-2&#$.&2,+-$0,"-$&,"-/+&7(<<)$/,/-2B&:,2&
-.)7#,/($#3;&7(<<)$/,'&.-?-3(9<-$,&#$.&9(3/7'&.-?-3(9<-$,&#99+(#7"-2&+-7(0$/F-&#$.&=)/3.&($&,"-&
-L/2,/$0&2,+-$0,"2;&,#3-$,2&#$.&+-2()+7-2&(*&#$&/$./?/.)#3&#$.&"-+&(+&"/2&7(<<)$/,'B&@2&#$&-.)7#,/($#3&
(+0#$/F#,/($&>>8!>b2&XSV&2,#**&#$.&MkRV&?(3)$,--+2&(**-+&(99(+,)$/,/-2&,(&3-#+$&/$&#&3#+0-&$)<=-+&(*&
9+(0+#<<#,/7&#+-#2&#$.&$-#+3'&,"+--Jd)#+,-+b2&(*&,"-&7()$,'b2&MVV;VVV&+-2/.-$,2&,#%-&#.?#$,#0-&(*&#,&
3-#2,&($-&(**-+/$0&-#7"&'-#+B&m-$&A#2&#&?-0-,#=3-&*#+<-+&/$&!(<9%/$2&>()$,'&/$&,"-&3#,-&MkNVb2;&2-33/$0&
#,&,"-&4#+<-+b2&`#+%-,;&=-*(+-&H(/$/$0&,"-&Y-#7-&>(+92B&O-&29-$,&,"-&$-L,&,A-$,'&'-#+2&A(+%/$0&/$&
@2/#&#$.&5#,/$&@<-+/7#&($&+)+#3&#$.&-7($(</7&.-?-3(9<-$,&A/,"&#$&-<9"#2/2&($&*((.&2-7)+/,'&#$.&
./2#2,-+&9+-9#+#,/($B&&
m
/+='&8.<($.2&/2&#&<#$#0/$0&9#+,$-+&(*&!+#/$/$0&*(+&>"#$0-&T!4>W&@22(7/#,-2;&#&")<#$&+-3#,/($2&
,+#/$/$0&#$.&7($2)3,/$0&1+<&=#2-.&/$&:,"#7#;&D-A&E(+%B&m/+='&/2&#&<#$#0-<-$,&7($2)3,#$,;&
<-./#,(+&#$.&,+#/$-+&A/,"&-L9-+/-$7-&/$&,"-&#+-#2&(*&,-#<J=)/3./$0;&2)9-+?/2(+'&/22)-2;&=)/3./$0&
#$.&?#3)/$0&./?-+2/,'&/$&,"-&A(+%93#7-;&7)3,)+#3&7(<9-,-$7-&#2&A-33&#2&<#$#0/$0&7($[/7,&#$.&2,+-22&
/$&,"-&A(+%&-$?/+($<-$,B&O-&"#2&2-?-+#3&'-#+2&-L9-+/-$7-&A(+%/$0&($&./?-+2/,'&/$&,"-&7(+9(+#,-;&
"/0"-+&-.)7#,/($&#$.&9)=3/7&27"((3&-$?/+($<-$,2&=(,"&A/,"&<#$#0-<-$,&#$.&)$/($2B&O-&"#2&=--$&
#&7($2)3,#$,&,(&9)=3/7J9+/?#,-&9#+,$-+2"/92&,"+()0"(),&,"-&7()$,+';&#&<-./#,(+&#,&,"-&>(<<)$/,'&
\/29),-&Z-2(3),/($&>-$,-+&/$&:,"#7#;&#$.&,+#/$-+&(*&<-./#,(+2&*(+&,"-&7-$,-+&*(+&(?-+&,A-$,'J1?-&
'-#+2B&O-&"-39-.&.-2/0$&#$.&*#7/3/,#,-2&./#3(0)-2&*(+&+#7/#3&)$.-+2,#$./$0;&"-#3/$0&#$.&+-7($7/3/#,/($B&
O-&/2&#32(&#&6-$/(+&4-33(A&#$.&Y+(0+#<&>((+./$#,(+&*(+&\(+(,"'&>(,,($&:$2,/,),-B&:$&,"#,&7#9#7/,'&"-&/2&<#$#0/$0&
#$.&.-3/?-+/$0&9+(0+#<2&($&")<#$&+/0",2&-.)7#,/($&,(&9)=3/7&27"((3&-.)7#,(+2&#$.&7(<<)$/,'&'(),"&A(+%-+2;&#$.&
.-?-3(9/$0&9+(0+#<2&($&7/?/7&-$0#0-<-$,B
5
#)+#&K+#$7#&/2&#&7($2)3,#$,&#$.&<#$#0/$0&9#+,$-+&#,&!+#/$/$0&*(+&>"#$0-&T!4>W&@22(7/#,-2;&*()$.-.&
/$&:,"#7#&/$&MkQX;&3-#./$0&A(+%2"(92&($&(+0#$/F#,/($#3&7"#$0-;&3-#.-+2"/9&2%/332;&7(<<)$/7#,/($;&
./?-+2/,'&/$73)2/($;&#$.&=)/3./$0&7)3,)+#33'&7(<9-,-$,&(+0#$/F#,/($2&#$.&7(#3/,/($2B&!"-&7(+-&(*&!4>b2&
A(+%&/2&"-39/$0&0+()92&=)/3.&#33/#$7-2;&"#$.3-&7($[/7,;&./2<#$,3-&-L73)2/?-&9+#7,/7-2&#$.&=+/.0-&
./**-+-$7-2&/$&A#'2&,"#,&-L9+-22&,"-/+&?#3)-2&#$.&#77(<93/2"&,"-/+&0(#32B&`2B&K+#$7#&#32(&"-392&.-2/0$&
#$.&*#7/3/,#,-2&,"-&`)3,/7)3,)+#3&Z-2()+7-&>-$,-+b2&!#3%/$0&>/+73-2&($&Z#7-&#$.&Z#7/2<B&6"-&"#2&=--$&
#&<-./#,(+&*(+&,"-&>(<<)$/,'&\/29),-&Z-2(3),/($&>-$,-+&*(+&,A-$,'J2-?-$&'-#+2&#$.&"-392&9-(93-&
3-#+$&,(&+-2(3?-&7(<<)$/,'&#$.&(+0#$/F#,/($#3&7($[/7,2&9-#7-*)33';&#$.&A#2&#&XVMX&+-7/9/-$,&(*&,"-&
`#+,/$&5),"-+&m/$0&^+B&Y-#7-<#%-+&@A#+.B&`2B&K+#$7#&/2&#&6-$/(+&4-33(A&A/,"&,"-&\(+(,"'&>(,,($&
:$2,/,),-&T\>:W;&#$&(+0#$/F#,/($&=+/$0/$0&,"-&($0(/$0&3-0#7'&(*&7/?/3&+/0",2&3-#.-+&\(+(,"'&>(,,($b2&
A(+%&,(&$-A&0-$-+#,/($2&(*&7/?/3&#$.&")<#$&+/0",2&#7,/?/2,2;&#$.&7"#<9/($/$0&9-(93-&A(+%/$0&*(+&9(2/,/?-;&$($J?/(3-$,&
2(7/#3&,+#$2*(+<#,/($B&4(+&<(+-;&?/2/,&AAAB,*7#22(7/#,-2B(+0B
5
-23/-&@7%-+<#$&/2&\/+-7,(+&(*&K)2/$-22&>8D!6&T>(<<)$/,'&8$,-+9+/2-&D-,A(+%/$0&#$.&!+#/$/$0&
6-+?/7-2W;&#&7(<<)$/,'&2<#33&=)2/$-22&+-2()+7-&7-$,-+&#,&@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($&/$&
:,"#7#;&D-A&E(+%B&4(+&(?-+&,-$&'-#+2;&5-23/-&"#2&,#)0",&#$.&7(#7"-.&2<#33&=)2/$-22&(A$-+2&#,&#33&
2,#0-2&(*&.-?-3(9<-$,;&7(33#=(+#,/$0&A/,"&#&A/.-&?#+/-,'&(*&7(<<)$/,'&9+(0+#<2&/$&,"-&9+(7-22B&
O-+&9"/3(2(9"'&2,--+2&#A#'&*+(<&gA+/,/$0&#&=)2/$-22&93#$h&#$.&*(7)2-2&($&=)2/$-22&93#$$/$0&#2&#&
+-2-#+7";&-?#3)#,/($;&#$.&.-?-3(9<-$,&9+(7-22B&:$2,-#.&(*&#&9+-,,'&.(7)<-$,;&g3-,2&7+-#,-&#&+(#.&
<#9ch&:$&XVVQ;&5-23/-&7(*()$.-.&5(7#3&4/+2,&:,"#7#;&A"/7"&=-7#<-&#&<-<=-+&(*&K@558;&,"-&K)2/$-22&
@33/#$7-&*(+&5(7#3&5/?/$0&87($(</-2;&/$&XVVkB&O-+&?#+/()2&9#2,&3/?-2&#$.&#3,-+&-0(2&/$73).-&+(7%&#$.&
/7-&73/<=-+;&#0+(*(+-2,+'&#.?/2(+&/$&C-2,&@*+/7#;&*+)/,&2<((,"/-&-$,+-9+-$-)+;&#$.&A(3*&7#+-,#%-+B
17
YZ868D!8Z6
5
-23/-&^($-2&/2&#$&-7(JH)2,/7-&#7,/?/2,i#+,/2,i#,,(+$-';&"(3/2,/7&"-#3,"&9+#7,/,/($-+;&#$.&#&+#A&*((.&
7"-*J/$J,+#/$/$0B&>)++-$,3';&2"-&/2&,"-&>(J*()$.-+&#$.&8L-7),/?-&\/+-7,(+&(*&6(),"-+$&!/-+&
@.?(7#7'&p&`/,/0#,/($&Y+(H-7,;&:$7(+9(+#,-.B&6B!B@B`BYB&T#$&#33J?(3)$,--+;&RVMT7WTSW&$(,J*(+J9+(1,&
(+0#$/F#,/($W&=)/3.2&7(<<)$/,'&,(&2"/*,&()+&A(+3.&=-'($.&9-,+(3-)<;&9/332;&9(33),/($;&#$.&9+/2($2&
,(A#+.2&9#22/($;&9)+9(2-;&9+(</2-;&#$.&9-#7-B&5/?/$0&A/,"&2(3#+&9(A-+;&A((.&"-#,;&+#/$A#,-+&
7(33-7,/($;&7(<9(2,/$0&,(/3-,2;&*#</3'&*#+</$0;&#$.&A#2,-&?-0-,#=3-&(/3&*(+&*)-3&*(+&,"-&3#2,&,-$&'-#+2&
TA"/3-&2/<)3,#$-()23'&+)$$/$0&#&$#,/($#33'&+-7(0$/F-.&2)2,#/$#=/3/,'&9+(0+#<&*(+&#,J+/2%&,--$2&#$.&#&
$#,/($#3&$-,A(+%&*(+&9-(93-&(*&7(3(+&/$,-+-2,-.&/$&3/?/$0&)$93)00-.W;&5-23/-&/2&7)++-$,3'&7(J7+-#,/$0&#&
MVVJ#7+-&(**J0+/.&3/?/$0&#$.&3-#+$/$0&2#$7,)#+'&A"-+-&<#+0/$#3/F-.&7(<<)$/,/-2&7#$&7(<-&,(0-,"-+&
,(&,#9&/$,(&,"-&"-#3/$0&#+,2o&-L93(+-&#$.&-L9#$.&,"-/+&7+-#,/?-&0-$/)2o&*-#2,&*+(<&,"-&$),+/,/($&
%/,7"-$o&#$.;&=)/3.&,"-/+&2%/332&/$&+-$-A#=3-&-$-+0'&#$.&0+--$&=)/3./$0&,-7"$(3(0/-2B
5
-23/-&6,+-=-3&"#2&=--$&9+#7,/7/$0&#2&#&1$#$7/#3&#.?/2(+&2/$7-&MkQPB&O-+&=#7%0+()$.&/$73).-2&
A(+%/$0&*(+&#&9+(</$-$,&1$#$7/#3&2-+?/7-2&7(<9#$'&/$&#&\/2,+/7,&`#$#0-+&9(2/,/($B&O-+&.),/-2&
/$73).-.&,"-&<#$#0-<-$,&#$.&,+#/$/$0&(*&+-9+-2-$,#,/?-2&/$&,"-&#+-#2&(*&=)2/$-22&#$.&9-+2($#3&
1$#$7-B&:$&7(<9#$'&,+#/$/$0&9+(0+#<2;&2"-&,#)0",&#&=+(#.&+#$0-&(*&2)=H-7,2&/$73)./$0&-2,#,-&
93#$$/$0&2,+#,-0/-2;&=)'J2-33&#++#$0-<-$,2&#$.&7"#+/,#=3-&0/?/$0&,-7"$/d)-2B&!(.#'&5-23/-&7+-#,-2&
7(<9+-"-$2/?-&1$#$7/#3&93#$2&*(+&/$./?/.)#32&#$.&7()93-2&A"(&A/2"&,(&/<93-<-$,&2,+#,-0/-2&*(+&
+-,/+-<-$,;&-.)7#,/($;&-2,#,-&,#L;&/$7(<-&,#L;&+/2%&<#$#0-<-$,&#$.&/$?-2,<-$,2B&6"-&#32(&A(+%2&
-L,-$2/?-3'&A/,"&=)2/$-22&(A$-+2&,(&7+-#,-&"/0"Jd)#3/,'&'-,&#**(+.#=3-&-<93('--J=-$-1,2&9+(0+#<2B&
5-23/-&"#2&-L,-$2/?-&%$(A3-.0-&/$&,"-&1-3.&(*&6(7/#33'&Z-29($2/=3-&#$.&>(<<)$/,'&:$?-2,/$0B&@&
7-+,/1-.&=)2/$-22J.-?-3(9<-$,&7(#7";&5-23/-&A(+%2&A/,"&-$,+-9+-$-)+2;&=)2/$-22&(A$-+2;&#$.&
9+(*-22/($#32&,(&7+-#,-&=-,,-+&=)2/$-22-2&#$.&3/?-2&,"()0"&#&)$/d)-&7(#7"/$0&9+(0+#<B&5-23/-&#32(&(**-+2&`($-'&>(#7"/$0&
2-+?/7-2;&.-2/0$-.&,(&"-39&/$./?/.)#32&"#?-&#&"-#3,"/-+&+-3#,/($2"/9&A/,"&<($-'B
5
/F&4/-3.&/2&,"-&>(<<)$/7#,/($2&`#$#0-+&#,&,"-&>-$,-+&*(+&!+#$2*(+<#,/?-&@7,/($;&<#$#0/$0&
,"-&A-=2/,-&#$.&2-?-+#3&2(7/#3&<-./#&9+(13-2;&#2&A-33&#2&.-?-3(9/$0&9+/$,&#$.&($3/$-&9)=3/7/,'&
<#,-+/#32B&&O-+&9+(*-22/($#3&-L9-+/-$7-&+#$0-2&*+(<&*+--3#$7-&H()+$#3/2<&#$.&-./,/$0&,(&
7(<<)$/7#,/($2;&<#+%-,/$0;&2,+#,-0/7&93#$$/$0&#$.&9+(0+#<&.-?-3(9<-$,&*(+&$($9+(1,2B&&@2&
#&*+--3#$7-&H()+$#3/2,&2"-&7(?-+-.&+#7-;&73#22;&0-$.-+;&#$,/JA#+&#7,/?/2<&#$.&-$?/+($<-$,#3&
2)2,#/$#=/3/,'&*(+&3(7#3;&$#,/($#3&#$.&:$,-+$#,/($#3&9)=3/7#,/($2B&6"-&#32(&9+(?/.-2&*+--3#$7-&
7(<<)$/7#,/($2&2-+?/7-2&,(&=)2/$-22-2;&(+0#$/F#,/($2&#$.&/$./?/.)#32;&/$73)./$0_&.-?-3(9/$0&2(7/#3&
<-./#&#$.&($3/$-&<#+%-,/$0&2,+#,-0/-2o&-./,/$0&#$.&7(9'-./,/$0&=((%2;&Y"B\B&,"-2-2;&#$.&27"(3#+3'&
#+,/73-2o&0+#$,&A+/,/$0o&9)=3/7/,'&#$.&<#+%-,/$0&2-+?/7-2o&#$.&-?-$,&93#$$/$0&#$.&9+(<(,/($B&4+(<&
XVVQ&,(&XVMV;&2"-&A(+%-.&#2&,"-&\/?-+2/,'&p&:$73)2/($&69-7/#3&Y+(H-7,2&>((+./$#,(+&#,&,"-&`)3,/7)3,)+#3&Z-2()+7-&
>-$,-+&T`Z>W;&#&2<#33;&0+#22+((,2&$($J9+(1,&,"#,&*(7)2-2&($&#$,/J+#7/2<&9+(0+#<&.-?-3(9<-$,B&
P
#)3&6,+-=-3&"#2&=--$&9+#7,/7/$0&#2&#&1$#$7/#3&#.?/2(+&2/$7-&MkQPB&O/2&=#7%0+()$.&7(?-+2&
#77()$,/$0;&1$#$7/#3&2-+?/7-2&#$.&/$2)+#$7-B&O-&#32(&2-+?-.&#2&,#L&<#$#0-+&*(+&#$&/$,-+$#,/($#3&
7(+9(+#,/($B&!"/2&./?-+2-&=#7%0+()$.&-$#=3-2&Y#)3&,(&9+(?/.-&73/-$,2&A/,"&7(<9+-"-$2/?-&A-#3,"J
=)/3./$0&2,+#,-0/-2&.-2/0$-.&,(&7+-#,-;&0+(A&#$.&9+(,-7,&#$.&9+-2-+?-&A-#3,"B&@2&#&7-+,/1-.&
=)2/$-22&.-?-3(9<-$,&7(#7";&"-&A(+%2&A/,"&-$,+-9+-$-)+2;&=)2/$-22&(A$-+2;&#$.&9+(*-22/($#32&,(&
7+-#,-&=-,,-+&=)2/$-22-2&#$.&3/?-2&,"()0"&#&)$/d)-&7(#7"/$0&9+(0+#<B&Y#)3&#32(&3-7,)+-2&#,&>(+$-33&
G$/?-+2/,'&A"-+-&"-&,-#7"-2&4/$#$7/#3&Y3#$$/$0&#$.&C-#3,"&`#$#0-<-$,;&4/$#$7/#3&@77()$,/$0&
Y+/$7/93-2;&#$.&Y-+2($#3&4/$#$7/#3&`#$#0-<-$,B
MQ
YZ868D!8Z6
P
-,-+&`7C#/$&/2&,"-&6-$/(+&E-#+&Y+(0+#<&>((+./$#,(+&#$.&,"-&Y)=3/7&Y(3/7'&#$.&87($(</72&
!-#7"-+&#,&D-A&Z((,2&>"#+,-+&67"((3&/$&:,"#7#;&D-A&E(+%B&D-A&Z((,2;&$(A&-$,-+/$0&/,2&*()+,"&
'-#+;&/2&#&,)/,/($J*+--&+-0/($#3&9)=3/7&"/0"&27"((3&9+-9#+/$0&2,).-$,2&,(&=-&7(<<)$/,'&3-#.-+2&*(+&
#&H)2,&#$.&2)2,#/$#=3-&*),)+-B&4(+&<(+-&,"#$&#&.-7#.-&Y-,-+&"#2&A(+%-.&73(2-3'&A/,"&'()$0&9-(93-&
#2&#&<-$,(+&#$.&7#,#3'2,&,(&"-39&,"-<&.-?-3(9&7#9#7/,'&,(&,"/$%&7+/,/7#33';&=-&#7,/?-&7/,/F-$2&#$.&
+-7(0$/F-&,"-&A#'2&,"#,&-$?/+($<-$,#3&</2<#$#0-<-$,&#$.&)$2)2,#/$#=3-&,+-$.2&)$.-+9/$&,"-&
2(7/#3&/$-d)/,/-2&A-&-L9-+/-$7-&3(7#33';&+-0/($#33';&#$.&03(=#33'B&Y-,-+&"(3.2&#&`68.B&*+(<&6GDE&
>(+,3#$.&/$&D#,)+#3&67/-$7-2&#$.&#&K6&*+(<&e+#$.&]#33-'&6,#,-&G$/?-+2/,'&/$&8#+,"&67/-$7-;&A/,"&#&
</$(+&/$&Y"'2/7#3&e-(0+#9"'B&Y-,-+&/2&#32(&#$&#.H)$7,&/$2,+)7,(+&#,&6'+#7)2-&G$/?-+2/,'b2&`#LA-33&
67"((3&(*&Y)=3/7&Y(3/7'&#$.&,"-&6GDE&>(33-0-&(*&8$?/+($<-$,#3&67/-$7-&#$.&4(+-2,+'B
6
?#$,-&`'+/7%_&Z#/2-.&='&#&2/$03-&<(,"-+&#3($0&A/,"&"/2&,"+--&2/=3/$02;&6?#$,-&2#A&"#+.&A(+%&
<(.-3-.&*+(<&#&'()$0&#0-B&C(+%/$0&<)3,/93-&H(=2;&"/2&<(,"-+b2&,-$#7/()2&29/+/,&#$.&7(<</,<-$,&
#33(A-.&"-+&7"/3.+-$&,"-&7(<*(+,&#$.&2-7)+/,'&$-7-22#+'&*(+&,"-<&,(&2)77--.B&6?#$,-&#,,-$.-.&
>(+$-33&G$/?-+2/,'&A"-+-&"-&2,)./-.&>(<<)$/7#,/($&#$.&A#2&1+2,&-3-7,-.&,(&:,"#7#b2&>(<<($&
>()$7/3&A"/3-&#&H)$/(+&#,&,"-&G$/?-+2/,'B&@,&#0-&,A-$,'J*()+&`'+/7%&A($&#&*()+JA#'&<#'(+#3&+#7-;&
2A--9/$0&MQ&(),&(*&MQ&-3-7,/($&./2,+/7,2&,(&=-7(<-&,"-&'()$0-2,&<#'(+&/$&:,"#7#b2&"/2,(+'&#$.&,"-&
1+2,&<#'(+&(*&@*+/7#$&@<-+/7#$&"-+/,#0-B
T
/$#&D/32-$JO(.0-2&/2&,"-&*()$.-+&#$.&9+/$7/9#3&(*&D-A&Z((,2&>"#+,-+&67"((3;&#$&/$$(?#,/?-&
<(.-3&(*&-.)7#,/($&*(+&H)2,/7-&#$.&2)2,#/$#=/3/,'&,"#,&/$29/+-2&'()$0&9-(93-&#2&2(7/#3&
-$,+-9+-$-)+2B&D-A&Z((,2&7-3-=+#,-.&/,2&1+2,&0+#.)#,/$0&73#22&/$&XVMXB&6-+?/$0&XVV&2,).-$,2&/$&
0+#.-2&kJMX;&D-A&Z((,2&/2&#),"(+/F-.&='&,"-&6,#,-&G$/?-+2/,'&(*&D-A&E(+%&#2&#&g3/?/$0&3#=(+#,(+'h&
(*&=-2,&9+#7,/7-2&,(&9+-9#+-&'()$0&9-(93-&,(&=-&/$$(?#,/?-&3-#.-+2&/$&#&7-$,)+'&7"#+#7,-+/F-.&='&
+#9/.&-7($(</7&#$.&73/<#,-&7"#$0-B&!/$#&"#2&=--$&#&,-#7"-+&#$.&7)++/7)3)<&.-?-3(9-+&*(+&D-A&
E(+%&27"((32&#$.&*(+&/$$(?#,/?-&-.)7#,/($#3&9+(0+#<2&*(+&.-<(7+#7';&2(7/#3&H)2,/7-&#$.&2)2,#/$#=/3/,'&
-.)7#,/($&2/$7-&MkQkB&6"-&"(3.2&7-+,/17#,/($2&,(&,-#7"&9+-%/$.-+0#+,-$&,"+()0"&MX,"&0+#.-;&#$.&
#2&#&27"((3&=)/3./$0&#$.&./2,+/7,&3-#.-+B&6"-&A#2&9#+,&(*&,"-&93#$$/$0&7(<</,,--&*(+&,"-&87(]/33#0-&
>-$,-+&*(+&6)2,#/$#=/3/,'&8.)7#,/($&#$.&e+()$.2A-33&>-$,-+&*(+&5(7#3&4((.&#$.&4#+</$0;&#$.&,#)0",&7()+2-2&/$&
2)2,#/$#=/3/,'&-.)7#,/($&#,&:,"#7#&>(33-0-B&
n
(-&C($0&/2&#&2-$/(+&#,&>(+$-33&G$/?-+2/,'&<#H(+/$0&/$&6(7/(3(0'&A/,"&#&</$(+&/$&:$-d)#3/,'&
6,)./-2B&n(-&*()$.-.&,"-&KZ&6(7/#3&]-$,)+-&4)$.;&#&2,).-$,J+)$&/<9#7,&/$?-2,/$0&*)$.;&#$.&
,"-&6(7/-,'&*(+&6(7/#3&8$,+-9+-$-)+2"/9&p&>(33#=(+#,/?-&@7,/($;&#$&)<=+-33#&(+0#$/F#,/($&,"#,&
#/<2&,(&9+(<(,-&2(7/#3&-$,+-9+-$-)+2"/9&#$.&7(33#=(+#,/?-&#7,/($&#<($0&2,).-$,&7"#$0-&<#%-+2&
($&7#<9)2;&=(,"&#,&>(+$-33&G$/?-+2/,'B&6"-&#32(&2-+?-.&#2&Y+-2/.-$,&(*&,"-&6)2,#/$#=3-&8$,-+9+/2-&
@22(7/#,/($;&>(+$-33b2&D-,&:<9#7,&G$.-+0+#.&>"#9,-+B&6"-&"#2&9+-?/()23'&/$,-+$-.&A/,"&GK6&C-#3,"&
`#$#0-<-$,b2&Y"/3#$,"+(9'&p&]#3)-2JK#2-.&:$?-2,/$0&,-#<&/$&O($0&m($0o&6'$!#(;&#&K-/H/$0J=#2-.&
>6Z&#$.&6Z:&7($2)3,/$0&1+<o&#$.&6"(%#';&#&6"#$0"#/J=#2-.&2(7/#3&-$,-+9+/2-B&:$&2)<<-+&XVMM;&n(-&
A($&.)#3&0+#$,2&,(&*)$.&#$&/$.-9-$.-$,&+-2-#+7"&9+(H-7,&($&/<9#7,&<-#2)+-<-$,&A"-+-&2"-&
7($.)7,-.&/$,-+?/-A2&A/,"&(?-+&2-?-$,'&/<9#7,&/$?-2,(+2&/$&D-A&E(+%&>/,';&5($.($;&O($0&m($0;&#$.&6#$&4+#$7/27(B&n(-&
/2&#&XVMM&6,#+,/$0K3(7&4-33(A&#$.&XVMX&!+)<#$&67"(3#+2"/9&4/$#3/2,B
Other presenters:
I&
I&
I&
I&
83.+-.&O#++/2;&-5#=
^#$&Z"(.-2&D(+<#$;&5(7#3&4/+2,&:,"#7#
^#2($&6#31;&>(<-,&6%#,-=(#+.2
5#+/2#&>#<#7"(J5/33/-;&D#,)+#3&5-#.-+2&:$/,/#,/?-
19
!O@Dm&EaG
FINANCIAL SPONSORS
8$0#0-.&5-#+$/$0&u&Z-2-#+7"&
ccelr.cornell.edu
8$,+-9+-$-)+2"/9f>(+$-33&
-$,+-9+-$-)+2"/9B7(+$-33B-.)
!"-&:27(3&4#</3'&Y+(0+#<&*(+&5-#.-+2"/9&
\-?-3(9<-$,&/$&Y)=3/7&6-+?/7/27(3B")<#$B7(+$-33B-.)
SUPPORTERS CONT’
4/$0-+&5#%-2&Z-)2-&
1$0-+3#%-2+-)2-B(+0
e+#$,2&>"#<9/($
0+#$,27"#<9/($B7(<
e+--$6,#+&>((9-+#,/?-&`#+%-,&
0+--$2,#+B7((9
e+()$.2A-33&>-$,-+&*(+&5(7#3&4((.&#$.&4#+</$0&
0+()$.2A-337-$,-+B(+0
!"-&Y#+%&4()$.#,/($
9#+%*()$.#,/($B(+0
5(7#3&4/+2,&:,"#7#
3(7#31+2,/,"#7#B(+0
!"-&>-$,-+&*(+&6)2,#/$#=3-&e3(=#3&8$,-+9+/2H("$2($B7(+$-33B-.)i>-$,-+J*(+J6)2,#/$#=3-J
e3(=#3J8$,-+9+/2-B#29L
Miller Mayer
</33-+<#'-+B7(<
D#,)+#3&:$?-2,<-$,2&
$#,)+#3/$?-2,/$0B7(<
D#,)+#3&5-#.-+2&:$/,/#,/?77-,(<9%/$2B(+0i7(<<)$/,'i$#,)+#3J3-#.-+2J/$/,/#,/?-
SUPPORTERS Y)*2"#03"(0)#+%/)#"(0#2%(016:%
people or resources to the institute):
D-A&Z((,2&>"#+,-+&67"((3&
$-A+((,227"((3B(+0
@3,-+$#,/?-2&4-.-+#3&>+-./,&G$/($
alternatives.org
Y8@m6
9-#%2(?-+9(?-+,'B(+0
K)**#3(&6,+--,&K((%2&
=)**#3(2,+--,=((%2B7(<
Z-*-++#3&:$2,/,),+-*-++#3/$2,/,),-/,"#7#B7(<
Building Bridges Initiative
?/<-(B7(<i=)/3./$0=+/.0-2
6)2,#/$#=3-&8$,-+9+/2-&p&8$,+-9+-$-)+&D-,A(+%&
T!"-&688DW&creating.theseen.org
!"-&>#')0#&5:aD&T5(7#3&:$?-2,/$0&
a99(+,)$/,/-2&D-,A(+%W
cayugalion.net
6/$03-=+((%&!-7"$(3(0'_&!-7"$(3(0'&*(+&>"#$0-&
2/$03-=+((%B7(<
>"#33-$0-&C(+%*(+7-&6(3),/($2&
#=(),7"#33-$0-B(+0
>(+$-33&\-2/0$&*(+&@<-+/7#
.-2/0$*(+#<-+/7#B7(<i7(+$-33
!"-&>(+$-33&Y(96"(9&
9(9+/0",B/$
!"-&6(7/-,'&*(+&6(7/#3&8$,+-9+-$-)+2"/9&#$.&>(33#=(+#,/?-&
Action 2/,-2B0((03-B7(<i2/,-i7(+$-3322-7#
6,+-=-3&Y3#$$/$0&e+()9
2,+-=-379#B7(<
6)2,#/$#=3-&!(<9%/$2
2)2,#/$#=3-,(<9%/$2B(+0
-5#=
!4>&@22(7/#,-2&T!+#/$/$0&4(+&>"#$0-W&
tfcassociates.org
8$-+0'&:$.-9-$.-$,&>#+(3/$-&
,(A$(*7#+(3/$-B(+0i-$-+0'/$.-9-$.-$,
!"/$%&!(9(0+#9"'&
,"/$%,(9(0+#9"'B7(<
Download