<SEC-DOCUMENT>0000107140-20-000038.txt : 20200629
<SEC-HEADER>0000107140-20-000038.hdr.sgml : 20200629
<ACCEPTANCE-DATETIME>20200629150330
ACCESSION NUMBER:		0000107140-20-000038
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200629
FILED AS OF DATE:		20200629
DATE AS OF CHANGE:		20200629

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JOHN WILEY & SONS, INC.
		CENTRAL INDEX KEY:			0000107140
		STANDARD INDUSTRIAL CLASSIFICATION:	BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731]
		IRS NUMBER:				135593032
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11507
		FILM NUMBER:		20997045

	BUSINESS ADDRESS:	
		STREET 1:		111 RIVER STREET
		CITY:			HOBOKEN
		STATE:			NJ
		ZIP:			07030
		BUSINESS PHONE:		2017486000

	MAIL ADDRESS:	
		STREET 1:		111 RIVER STREET
		CITY:			HOBOKEN
		STATE:			NJ
		ZIP:			07030

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WILEY JOHN & SONS, INC.
		DATE OF NAME CHANGE:	20070820

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WILEY JOHN & SONS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>fy20_11k.htm
<DESCRIPTION>FORM 11K
<TEXT>
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    <div style="text-align: center;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center;">Washington, D. C. 20549</div>
    <div><br>
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    <div style="text-align: center;">FORM 11-K</div>
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    <div style="font-weight: bold;">[ X ]&#160;&#160; ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="margin-left: 27pt;">For the year ended December 31, 2019</div>
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    <div style="text-align: center;">Or</div>
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    <div style="font-weight: bold;">[&#160;&#160; ]&#160;&#160; TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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            <div>For the transition period&#160; from</div>
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            <div>Commission file number</div>
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            <div style="text-align: center;">1-11507</div>
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    <div>A.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>Full title of the Plan and the address of the Plan, if different from that of the Issuer named below:</div>
    <div><br>
    </div>
    <div style="text-align: center;">John Wiley &amp; Sons, Inc. Employees&#8217; Savings Plan</div>
    <div><br>
    </div>
    <div>B.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 22.5pt">&#160;</font>Name of Issuer of the securities held pursuant to the Plan and the address of its principal executive officer:</div>
    <div><br>
    </div>
    <div style="text-align: center;">John Wiley &amp; Sons, Inc.</div>
    <div style="text-align: center;">111 River Street</div>
    <div style="text-align: center;">Hoboken, New Jersey 07030</div>
    <div style="text-align: center;"> <br>
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    <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
    <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">Index to Financial Statements and Schedule</div>
    <div style="margin-bottom: 10pt;"><br>
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            <div style="text-align: center;">Page No.</div>
          </td>
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          <td style="width: 76.7%; vertical-align: top;">&#160;</td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Reports of Independent Registered Public Accounting Firms</div>
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          <td style="width: 23.3%; vertical-align: top;">
            <div style="text-align: center;">1-2</div>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Statements of&#160; Net Assets Available for Benefits</div>
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          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>as of&#160; December 31, 2019 and 2018</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">
            <div style="text-align: center;">3</div>
          </td>
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          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Statement of Changes in Net Assets Available for</div>
          </td>
          <td style="width: 23.3%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Benefits for the Year Ended December 31, 2019</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">
            <div style="text-align: center;">4</div>
          </td>
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          <td style="width: 76.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Notes to Financial Statements</div>
          </td>
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            <div style="text-align: center;">5-10</div>
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          <td style="width: 76.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Supplemental Schedule:*</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Schedule H, Line 4i -&#160; &#160;&#160; Schedule of Assets (Held at End of Year),</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as of December 31, 2019</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">
            <div style="text-align: center;">11</div>
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          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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            <div>*&#160;All other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not
              applicable. Schedule required by Form 5500.&#160; Those that are not applicable are not included.</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 76.7%; vertical-align: bottom;">
            <div>1974 have been omitted because they are not applicable.</div>
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          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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            <div>Signature</div>
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            <div style="text-align: center;">12</div>
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            <div>Exhibit:</div>
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            <div>23 Consent of Independent Registered Public Accounting Firm</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">
            <div style="text-align: center;">13<br>
            </div>
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          <td style="width: 76.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 23.3%; vertical-align: top;">&#160;</td>
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            <div>24 Consent of Prior Auditors</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">
            <div style="text-align: center;">14</div>
          </td>
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    <div style="text-align: center; font-weight: bold;"><u>Report of Independent Registered Public Accounting Firm</u></div>
    <div><br>
    </div>
    <br>
    <div style="text-align: justify;">To the Plan Administrator and Participants of the</div>
    <div style="text-align: justify;">John Wiley &amp; Sons, Inc. Employees&#8217; Savings Plan:</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Opinion on the Financial Statements</div>
    <div><br>
    </div>
    <div style="text-align: justify;">We have audited the accompanying statement of net assets available for benefits of the John Wiley &amp; Sons, Inc. Employees&#8217; Savings Plan (the &#8220;Plan&#8221;) as of December 31, 2019, the related statement of changes in net
      assets available for benefits for the year then ended, and the related notes (collectively referred to as the &#8220;financial statements&#8221;).&#160; In our opinion, the financial statements present fairly, in all material respects, the net assets available for
      benefits of the Plan as of December 31, 2019, and the changes in net assets available for benefits for the year then ended, in conformity with accounting principles generally accepted in the United States of America.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Basis for Opinion</div>
    <div><br>
    </div>
    <div style="text-align: justify;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on the Plan&#8217;s financial statements based on our audit.&#160; We are a public accounting firm registered
      with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities
      and Exchange Commission and the PCAOB.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from
      material misstatement, whether due to error or fraud.&#160; Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those
      risks.&#160; Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.&#160; Our audit also included evaluating the accounting principles used and significant estimates made by management,
      as well as evaluating the overall presentation of the financial statements.&#160; We believe that our audit provides a reasonable basis for our opinion.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Supplemental Information</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Schedule of Assets (Held at End of Year) as of December 31, 2019 has been subjected to audit procedures performed in conjunction with the audit of the Plan&#8217;s financial statements. The supplemental information is
      the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing
      procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content,
      is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material
      respects, in relation to the Plan&#8217;s financial statements as a whole.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>/s/ WithumSmith+Brown, PC</div>
    <div><br>
    </div>
    <div>We have served as the auditor of the Plan since 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Whippany, New Jersey</div>
    <div style="text-align: justify;">June 29, 2020</div>
    <div><br>
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    <div style="text-align: center; margin-bottom: 20pt; font-weight: bold;">Report of Independent Registered Public Accounting Firm</div>
    <div style="margin-bottom: 10pt;">To the Plan Participants and Plan Administrator<br>
      John Wiley &amp; Sons, Inc. Employees&#8217; Savings Plan:</div>
    <div style="margin-bottom: 5pt; font-style: italic;">Opinion on the Financial Statements</div>
    <div style="margin-bottom: 10pt;">We have audited the accompanying statement of net assets available for benefits of the John Wiley &amp; Sons, Inc. Employees&#8217; Savings Plan (the Plan) as of December&#160;31, 2018, the related statement of changes in net
      assets available for benefits for the year ended December 31, 2018, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for
      benefits of the Plan as of December 31, 2018, and the changes in net assets available for benefits for the year ended December 31, 2018, in conformity with U.S.&#160;generally accepted accounting principles.</div>
    <div style="margin-bottom: 5pt; font-style: italic;">Basis for Opinion</div>
    <div style="margin-bottom: 10pt;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with
      the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and
      Exchange Commission and the PCAOB.</div>
    <div style="margin-bottom: 10pt;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
      material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those
      risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management,
      as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</div>
    <div style="text-align: center; margin-bottom: 10pt;">/s/ KPMG LLP<br>
    </div>
    <div style="margin-bottom: 10pt;">We have served as the Plan&#8217;s auditor from 2002 to 2019</div>
    <div style="margin-bottom: 10pt;">New York, New York<br>
      June 27, 2019</div>
    <div><br>
    </div>
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    <div style="text-align: center; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Statements of Net Assets Available for Benefits</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">December 31, 2019 and 2018</div>
    <div><br>
    </div>
    <div><br>
    </div>
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            <div>Assets:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">
            <div style="margin-left: 26.1pt;">Investments at fair value (note 3):</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>$</div>
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            <div>490,314,152</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>$</div>
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            <div>389,128,710</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>-</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>7,699,689</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>490,314,152</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>396,828,399</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
            <div style="margin-left: 26.1pt;">Notes receivable from participants</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>3,461,670</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>3,213,904</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
            <div style="margin-left: 26.1pt;">Employer contributions receivable</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>111,620</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div>124,697</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #FFFFFF;">
            <div style="margin-left: 26.1pt;">Net assets available for benefits</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>$</div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>493,887,442</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>$</div>
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            <div>400,167,000</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
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    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="text-align: center; margin-bottom: 10pt;">See accompanying notes to the financial statements.</div>
    <div style="margin-bottom: 10pt;"><br>
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    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div style="margin-bottom: 10pt;"><br>
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      </div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div id="DSPFPageHeader">
        <div style="text-align: center;"></div>
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
    </div>
    <div><br>
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    <div style="text-align: center; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Statement of Changes in Net Assets Available for Benefits</div>
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    <div style="margin-bottom: 10pt;"><br>
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    <div style="margin-bottom: 10pt;"><br>
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          <td valign="bottom" style="vertical-align: bottom;">
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          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
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            <div style="margin-left: 26.1pt;">Net appreciation in fair value of investments</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>$</div>
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            <div>75,751,023</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>16,423,051</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div style="margin-left: 47.7pt;">Net investment income</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>92,174,074</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>148,718</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
            <div style="margin-left: 26.1pt;">Contributions:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #FFFFFF;">
            <div style="margin-left: 44.1pt;">Participant</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>18,161,107</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
            <div style="margin-left: 44.1pt;">Rollover</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>4,172,671</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #FFFFFF;">
            <div style="margin-left: 44.1pt;">Employer</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>9,469,922</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
            <div style="margin-left: 26.1pt;">Total contributions</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>31,803,700</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
            <div style="margin-left: 26.1pt;">Distributions to participants</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>(30,279,615</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #FFFFFF;">
            <div style="margin-left: 13.5pt;">&#160;&#160;&#160;&#160;&#160;Administrative expenses</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>(126,435</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #FFFFFF;">
            <div>Net increase</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>93,720,442</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; background-color: #FFFFFF;">
            <div>Net assets available for benefits, beginning of year</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">
            <div>400,167,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #FFFFFF;">
            <div>Net assets available for benefits, end of year</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>493,887,442</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; margin-bottom: 10pt;">See accompanying notes to the financial statements.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter">
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
      <div id="DSPFPageHeader">
        <div style="text-align: center;"></div>
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">Notes to Financial Statements</div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">December 31, 2019 and 2018</div>
    </div>
    <div><br>
    </div>
    <br>
    <div>
      <table cellspacing="0" cellpadding="0" id="z33f9caded4f9414299364bccadcbafb6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(1)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Description of the Plan</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">The following represents only the major provisions of the John Wiley &amp; Sons, Inc. Employees&#8217; Savings Plan (the &#8220;Plan&#8221;), as amended, and is presented to assist in
      understanding the Plan&#8217;s financial statements. Participants should refer to the Plan Document for a more complete description of the Plan&#8217;s provisions.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z90c1313036ad4113a27339071c1d2a29" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(a)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">General</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">The Plan is a defined contribution plan that covers employees of John Wiley &amp; Sons, Inc. and Affiliated Companies (the&#160;Company or Plan Sponsor). The Plan is subject to the
      provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zd23276383c2e485582b3b9af5eccf05b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(b)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Administration</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">The Benefits Administration Board of John Wiley &amp; Sons, Inc., (the&#160;Plan Administrator) administers the Plan. The Company&#8217;s Board of Directors appoints the members of the
      Benefits Administration Board.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Vanguard Fiduciary Trust Company (VFTC or Trustee) holds the Plan&#8217;s assets in trust and is also the Plan&#8217;s record keeper.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">The custodian of the Plan&#8217;s assets is an affiliate of VFTC.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Certain expenses of maintaining the Plan are paid directly by the Company and are excluded from these financial statements. Expenses of the investment funds, including investment
      management, audit, and operating expenses are paid by those funds and included in net earnings of the funds. Administrative expenses paid by the participant include annual loan administrative fees and managed account fees for those participants whom
      elect the service.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z665f9ef298c34fc382929859f43ded02" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(c)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Eligibility and Vesting</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">For purposes of Plan participation, eligible colleagues are full-time and part-time employees of Wiley who are subject to U.S. income taxation.&#160; Colleagues who are not eligible
      include leased employees, employees compensated solely on a piece-work basis, employees covered under a collective bargaining agreement that does not provide for Plan participation, consultants, employees paid by a third party, bona fide residents of
      Puerto Rico and independent contractors.&#160; Each employee becomes eligible to participate as soon as practicable following three months of service.&#160; All Company contributions plus actual earnings thereon are 100% immediately vested for participants
      employed on and after January 1, 2014. A participant&#8217;s contributions plus actual earnings thereon are fully vested and nonforfeitable at all times.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="ze41e4af0b368412a936c4b56118d3821" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(d)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Contributions</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">A participant may designate between 2% and 50% of his or her base salary, bonus, incentive pay, and overtime (&#8220;Eligible Compensation&#8221;), on a pre tax basis (or up to 25% on an
      after tax basis), to be invested in funds available to them and chosen by the participant. Unless an eligible employee elects otherwise, he or she will be automatically enrolled in the Plan, with pre tax contributions at 4% of Eligible Compensation,
      with any such contributions invested in an age appropriate Vanguard Target Retirement Fund, subject to 1% automatic increases each July until the participant&#8217;s contribution rate equals 10% or the participant elects otherwise.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Subject to certain limitations prescribed by the Internal Revenue Service (&#8220;IRS&#8221;), the Company contributes an amount equal to 25% of each participant&#8217;s contribution up to 6% of
      Eligible Compensation, whether they&#8217;re pre-tax, after-tax or catch-up contributions. Additionally, the Company contributes a nonelective basic retirement contribution equal to 3% of a participant&#8217;s Eligible Compensation. The participant does not need
      to contribute to the Plan to receive this contribution. The basic 3% contribution and the matching contribution are made bimonthly to coincide with payroll. The Board of Directors has the option to declare an annual discretionary contribution
      following the end of each of the Company&#8217;s fiscal years. There were no discretionary Company contributions made in 2019 or 2018.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter">
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
      <div id="DSPFPageHeader">
        <div style="text-align: center;"></div>
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
    </div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;"> <br>
      <div>
        <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
        <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Notes to Financial Statements</div>
        <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2019 and 2018</div>
      </div>
      <br>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">No more than 50% of a participant&#8217;s Eligible Compensation can be a deferred cash contribution, which represents a reduction in the participant&#8217;s Eligible Compensation and
      therefore is tax deferred. The pre tax contribution of a participant under the age of 50 cannot exceed an amount set annually by the IRS, which in 2019 amounted to $19,000. Subject to certain limitations prescribed by the IRS, participants over 50
      years of age can make &#8220;catch up&#8221; contributions. In 2019, participants over 50 years of age could contribute a maximum of $25,000, including $6,000 as &#8220;catch up&#8221; contributions over and above the IRS maximum deferral.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z0f32553bbe764782a57872aa2853f79b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(e)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Forfeitures</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Participants who are not fully vested at the time they terminate their employment forfeit the nonvested portion of their account at the time of termination. However, the
      nonvested amount will be restored to the participant&#8217;s account if the participant is re-employed within 5 years. The amounts forfeited are used to reduce the Company&#8217;s matching and basic retirement contributions, excluding all other sources. No
      forfeitures were used to reduce Company contributions for the year ended December 31, 2019. There were $4,697 and $633 of forfeitures available to reduce future Company contributions at December 31, 2019 and 2018, respectively.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z4c312d19ce9e437eb420f8278b89174f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(f)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Investment of Contributions</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Participants can invest their contributions in 1% multiples among any combination of 24 available investment options, which include a choice of mutual funds. If a participant
      fails to make an investment election, their contributions, including any Company contributions, shall be invested in an age appropriate Vanguard Target Retirement Fund.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Participants are permitted to change the allocation of their contributions daily. Subject to certain limitations imposed by VFTC, a participant can transfer existing fund
      balances to other investment options daily.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z377573ac02ee4ee685f1b95b27290dc9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(g)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Payment of Benefits</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">A withdrawal by participants of their account balance is permitted when the participant reaches age 59&#8209;1/2, proves financial hardship or terminates his or her employment.
      Withdrawals of after&#8209;tax contributions can be made as often as twice each calendar year.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zdfc65d5a5cec4079bc6e25e0c3854b3b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(h)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Participant Accounts</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Each participant&#8217;s account is credited with the participant&#8217;s contributions, allocations of the Company, and Plan earnings, and charged with the participant&#8217;s withdrawals, Plan
      losses and an allocation of administrative expenses. Allocations are based on participant contributions, account balances, or compensation, as defined in the Plan document. The benefit to which a participant is entitled is the benefit that can be
      provided from the participant&#8217;s vested account.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z4fd7bf28e0744f469967bad106eff9d9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(i)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Termination of Employment</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Upon termination of employment, a participant has the option of receiving the vested balance in his or her account as an immediate or deferred lump sum, in installments, or by a
      direct &#8220;roll over&#8221; into an individual retirement account or another qualified plan. If the participant&#8217;s balance is at least $5,000, it may be left in the Plan through April 1 of the year following in which the participant reaches age 70 1/2.
      Terminated participants who elect to leave their account balance in the Plan retain the same rights to transfer balances between investment funds as active participants.</div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
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    <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">Notes to Financial Statements</div>
      <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2019 and 2018</div>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;"> <br>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Participants may elect to receive a lump sum cash payment or annual installments. Installment payouts may range from two to twenty years and may be elected by any participant who
      has terminated from employment with an account balance of at least $5,000, regardless of his or her age or years of service. The installment payments are made in approximately equal amounts, and each includes income credited to the participant&#8217;s
      account balance before the installment amount is calculated. In addition, a life expectancy installment option is available.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zc6850a4b4e9f425aa0219835ba894154" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(j)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Notes Receivable from Participants</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Participants may borrow from the vested portion of their account, and then repay the loan with interest through payroll deductions. The interest rates on loans outstanding ranged
      from 3.25% to 6.50% and 3.25% to 6.25% at December 31, 2019 and 2018, respectively. The length of such loans is generally 5 years but loans to purchase a primary residence may be up to 20 years in length. Loans are limited to a minimum of $1,000 and
      a maximum of the lesser of 50% of the participant&#8217;s vested balance, or $50,000 reduced by any outstanding loans. The amounts due from participants under the loan provisions of the Plan, including accrued interest, are shown in the accompanying
      financial statements. Participant loans are carried at cost plus accrued, unpaid interest. Discretionary employer contributions, employer nonelective basic contributions and their related earnings shall not be available for a loan under any
      circumstances.&#160; In the event that a loan payment is missed, the participant will have until the next calendar quarter to make the payment before the loan will default.</div>
    <br>
    <div>
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              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(2)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Summary of Significant Accounting Policies</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z22fdd30aa74049e8a997d3e733e7e414" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(a)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Method of Accounting</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">The books and records of the Plan are maintained on an accrual basis.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zb0b3e541390642218729cfaf88d09bda" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(b)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Use of Estimates</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">The preparation of financial statements in conformity with U.S.&#160;generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that
      affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those
      estimates.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zb76f6145ecb340aaa2df767e78b2303d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(c)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Investment Valuation and Income Recognition</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">The Plan&#8217;s investments are stated at fair value. Shares of mutual funds are valued at quoted market prices. The Company stock fund is valued at its year end unit closing price
      (comprised of year end market price of Company stock plus any cash). On February 1, 2019, the John Wiley &amp; Sons, Inc. Common Stock Fund was closed to new contributions and investments in the Plan.&#160; Participants were given the option to redirect
      contributions to this Fund to any other investment option within the Plan.&#160; In July 2019, any existing balances in this Fund were moved to the Target Retirement Fund associated with the participant&#8217;s retirement date.&#160; The Plan&#8217;s investments have no
      significant restrictive redemption provisions.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Purchases and sales of investments are recorded on a trade date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date. Net
      appreciation in fair value of investments includes realized gains and losses on investments bought and sold and the change in appreciation (depreciation) from one period to the next.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z9444ff8909124ffdb0c5f72e77a32ac6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(d)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Payment of Benefits</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">Benefits are recorded when paid.</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;"> <br>
    </div>
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    </div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">
      <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
      <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Notes to Financial Statements</div>
      <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2019 and 2018</div>
    </div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z0abebcedc4d44b44934e271c5c2546b5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">(e)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 36pt; margin-bottom: 5pt; font-style: italic; font-weight: bold;">Recent Accounting Pronouncements</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 10pt;">In August 2018, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework - Changes
      to the Disclosure Requirements for Fair Value Measurement, (ASU 2018-13)," which removes certain disclosures, modifies certain disclosures and added additional disclosures. ASU 2018-13 is effective for all entities for fiscal years beginning after
      December 15, 2019. Upon issuance of ASU 2018-13, early adoption permitted for the entire standard or only for the requirements that eliminate or modify disclosures. Certain requirements of the standard should be applied prospectively, while others
      are required to be adopted retrospectively.&#160; Adoption of ASU 2018-13 will not have a material impact on the Plan's financial statements.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zb16efd28ac4c4c689a907ed41b78cfbc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(3)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Fair Value Measurements</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">U.S.&#160;GAAP establishes a framework for measuring fair value which provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.
      U.S.&#160;GAAP defines fair value as, &#8220;the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date&#8221;. The hierarchy gives the highest priority to unadjusted
      quoted prices in active markets for identical assets or liabilities (Level&#160;1 measurements) and the lowest priority to unobservable inputs (Level&#160;3 measurements). The three&#160;levels of the fair value hierarchy under U.S.&#160;GAAP are described below:</div>
    <table cellspacing="0" cellpadding="0" id="zab49881eda0c48388d69674d176edf2b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 10pt;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; align: right; font-weight: bold;">Level&#160;1</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z407b0e4bf5bd434f842851790a49e4b7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 10pt;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; align: right; font-weight: bold;">Level&#160;2</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Inputs to the valuation methodology include:</div>
          </td>
        </tr>

    </table>
    <div>
      <table cellspacing="0" cellpadding="0" id="zd2b1df21d06c4a84a800fd8e9d2e0f7e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 90pt; vertical-align: top; align: right;">
              <div style="margin-left: 72pt; margin-bottom: 5pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 5pt;">Quoted prices for similar assets or liabilities in active markets;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z671ab9351e8a41f48c88d3ee9a8e5903" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 90pt; vertical-align: top; align: right;">
              <div style="margin-left: 72pt; margin-bottom: 5pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 5pt;">Quoted prices for identical or similar assets or liabilities in inactive markets;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z28288fd6558845f59bb36827909d8616" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 90pt; vertical-align: top; align: right;">
              <div style="margin-left: 72pt; margin-bottom: 5pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 5pt;">Inputs other than quoted prices that are observable for the asset or liability;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z61103fafbb8e481097d9d7bc5eb7b184" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 90pt; vertical-align: top; align: right;">
              <div style="margin-left: 72pt; margin-bottom: 10pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 10pt;">Inputs that are derived principally from or corroborated by observable market data by correlation or other means.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 10pt;">If the asset or liability has a specified (contractual) term, the Level&#160;2 input must be observable for substantially the full term of the asset or liability.</div>
    <table cellspacing="0" cellpadding="0" id="z4ed5def3c2c44692ae93e73b99dc6770" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 10pt;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; align: right; font-weight: bold;">Level&#160;3</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Inputs to the valuation methodology are unobservable and significant to the fair value measurement.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">The asset&#8217;s or liability&#8217;s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value
      measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">Following is a description of the valuation methodologies used for assets measured at fair value.</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;"><font style="font-style: italic;">Mutual funds</font>: Valued at quoted market prices in an exchange and active market.</div>
    <div style="margin-bottom: 10pt;"><br>
    </div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
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    <div style="margin-bottom: 10pt;">
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">Notes to Financial Statements</div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">December 31, 2019 and 2018</div>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;"><font style="font-style: italic;"> <br>
      </font></div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;"><font style="font-style: italic;">Wiley stock fund</font>:&#160;Consists of a small amount of cash and John Wiley &amp; Sons, Inc. Class A stock. The Class A stock is valued at the
      closing price reported on the active market on which the individual securities are traded. On February 1, 2019, the Fund was closed to new contributions and investments in the Plan. <a name="z_Hlk42633367"></a>Effective July 30, 2019, any remaining
      money in the Wiley stock fund<font style="font-weight: bold;">&#160;</font>was moved automatically to the Vanguard Institutional Target Retirement Fund with the target date closest to the year the participant would reach age 65.</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">There have been no changes in the methodologies used as of December 31, 2019 and 2018 and there were no transfers between levels for the years ended December 31, 2019 or 2018.
      The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with
      other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">The following tables sets forth by level, within the fair value hierarchy, the Plan&#8217;s investments at fair value as of December 31, 2019 and 2018.</div>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="14">
            <div style="text-align: center; font-weight: bold;">Assets at Fair Value as of December 31, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Level 1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Level 2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Level 3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
            <div style="text-align: justify;">Mutual funds</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>490,314,152</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
            <div>490,314,152</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px; background-color: #FFFFFF;">
            <div style="text-align: justify;">Total investments at fair value</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>490,314,152</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>490,314,152</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z390a2d76d78f40a5a2f17cac1eaf9894">

        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="14">
            <div style="text-align: center; font-weight: bold;">Assets at Fair Value as of December 31, 2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Level 1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Level 2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Level 3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
            <div style="text-align: justify;">Mutual funds</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>389,128,710</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>389,128,710</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #FFFFFF;">
            <div style="text-align: justify;">Wiley stock fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">
            <div>7,699,689</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">
            <div>7,699,689</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
            <div style="text-align: justify;">Total investments at fair value</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">
            <div>396,828,399</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1">
            <div>396,828,399</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>

    </table>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">The Plan did not hold any investments categorized as Level 2 or Level 3 as of December 31, 2019 and 2018.</div>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter">
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
      <div id="DSPFPageHeader">
        <div style="text-align: center;"></div>
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
    </div>
    <div style="margin-bottom: 10pt;">
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">Notes to Financial Statements</div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">December 31, 2019 and 2018</div>
    </div>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z6b6ccb26abe448c5a3aa22fe977a65b2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(4)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Tax Status</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">On March 26, 2014 the Plan received a favorable determination letter from the IRS, which stated that the Plan and its underlying trust qualify under the applicable provisions of
      the Code and therefore are exempt from federal income taxes.&#160; The Plan has been amended since the issuance of the IRS determination letter in accordance with the IRS requirements.&#160; In the opinion of the Plan Administrator, the Plan and its underlying
      trust have operated within the terms of the Plan document and remain qualified under the applicable provisions of the Code.</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">U.S. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or derecognize an asset) if the Plan has taken an uncertain position
      that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2019 and 2018, there are no uncertain positions taken or
      expected to be taken that would require recognition of a liability (or derecognition of an asset) or disclosure in the financial statements.</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">The IRS is one of the primary oversight bodies of the Plan. The IRS generally has the ability to examine the Plan&#8217;s activities for three prior years. Currently there is no tax
      examination in progress.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z1f3f62885e22438993c69fb1ddd41b01" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(5)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Plan Termination</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan, subject to the
      provisions of ERISA.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zb91a3d24dba5405abe2c2e53c569774c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 5pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(6)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Risk and Uncertainties</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. As a result, changes in the
      value of investment securities could materially affect the amounts reported in the statements of net assets available for benefits. The Plan&#8217;s exposure to a concentration of credit risk is limited by the diversification of investments across all
      participant directed fund elections. Additionally, the investments within each participant directed fund election are further diversified into varied financial instruments, with the exception of the investments in the Wiley stock fund, which
      represented approximately 2% of net assets at December 31, 2018.</div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">Plan investments include a variety of investments that may directly or indirectly invest in securities with contractual cash flows. The value, liquidity and related income of
      these securities are sensitive to changes in economic conditions and may be adversely affected by shifts in the market&#8217;s perception of the issuers and changes in interest rates.</div>
    <div>
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          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(7)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Related Party Transactions</div>
            </td>
          </tr>

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    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">Certain of the Plan&#8217;s investments consist of notes receivable from participants, shares of mutual funds managed by an affiliate of VFTC and the Wiley stock fund. VFTC acts as
      Trustee for the Plan. Transactions in such investments qualify as party in interest transactions that are exempt from the prohibited transaction rules.</div>
    <div>
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          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 12.25pt; margin-bottom: 5pt; font-weight: bold;">(8)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 18pt; margin-bottom: 5pt; font-weight: bold;">Subsequent Events</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 18pt; margin-bottom: 10pt;">The 2019 novel coronavirus (or &#8220;COVID-19&#8221;) has adversely affected, and may continue to adversely affect economic activity globally, nationally and locally. Following the COVID-19
      outbreak in March 2020, the values of investment securities have declined significantly. These economic and market conditions and other effects of the COVID-19 outbreak may continue to adversely affect the Plan.&#160; The extent of the adverse impact of
      the COVID-19 outbreak on the Plan&#8217;s participants&#8217; account balances and the amounts reported in the 2019 Statement of Net Assets Available for Benefits cannot be predicted at this time.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
      <div id="DSPFPageHeader">
        <div style="text-align: center;"></div>
        <div><br>
        </div>
      </div>
    </div>
    <div style="text-align: right;"><u>Supplemental Schedule</u></div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Schedule H, Line 4i - Schedule of Assets (Held at End of Year)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">December 31, 2019</div>
    <div><br>
    </div>
    <div>EIN: 13-5593032</div>
    <div>Plan Number: 002</div>
    <div><br>
    </div>
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          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 25%;">
            <div style="text-align: center; font-weight: bold;">Identity of Issuer</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 32%;">
            <div style="font-weight: bold;">Description of Investment</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; font-weight: bold;">Shares/Units</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; font-weight: bold;">Current Value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div><a name="z_Hlk225045627"></a>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Institutional Index Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>267,539</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">
            <div>$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>77,647,825</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Vanguard Wellington Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>675,467</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>50,599,219</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Target Retirement 2045 Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>1,269,471</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>33,234,742</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Vanguard Total Bond Market Index Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>2,858,467</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>31,586,065</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Target Retirement 2035 Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>1,225,247</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>31,243,810</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Vanguard Mid-Cap Index Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>606,360</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>29,554,006</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Explorer Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>259,346</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>25,211,054</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Vanguard Target Retirement 2040 Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>851,180</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>22,028,539</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Target Retirement 2030 Fund</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>865,705</div>
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            <div>21,746,520</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>207,975</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>21,377,775</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>*</div>
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            <div>Vanguard Target Retirement 2025 Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>856,768</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>21,187,883</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>*</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>20,369,882</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>20,369,882</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>*</div>
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            <div>Vanguard Target Retirement 2050 Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>687,300</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>18,020,998</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>*</div>
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            <div>Vanguard U.S. Growth Fund Admiral</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>154,798</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>17,246,093</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>*</div>
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            <div>Vanguard Windsor II Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>260,846</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>16,850,626</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>*</div>
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            <div>Vanguard Total International Stock Index Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>121,169</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>14,476,074</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Target Retirement 2020 Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>566,887</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>13,667,640</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Vanguard Target Retirement 2055 Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>289,601</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>7,622,291</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Small-Cap Index Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>75,635</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>6,003,152</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Vanguard Target Retirement Income Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>176,136</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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            <div>3,984,190</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
            <div>Vanguard Target Retirement 2015 Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>163,227</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>3,752,582</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Metropolitan West Total Return Bond Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>1,518,911</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">
            <div>52,253</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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            <div>1,377,383</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(255, 255, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(255, 255, 255);">
            <div>Vanguard Target Retirement 2065 Fund</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(255, 255, 255);">
            <div>Registered Investment Company</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>286</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" colspan="1">
            <div>6,892</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; padding-bottom: 2px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">
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          <td valign="bottom" style="vertical-align: top; width: 32%; padding-bottom: 2px; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">
            <div>490,314,152</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">
            <div>*</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; width: 25%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>Notes receivable from participants</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 32%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>350 Loans to participants with interest rates from 3.25% to 6.5% and maturity dates from 2020 to 2042</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; padding-bottom: 4px; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 25%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
            <div>Total</div>
          </td>
          <td valign="bottom" style="vertical-align: top; width: 32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>$</div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #FFFFFF;" colspan="1">
            <div>493,775,822</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #FFFFFF;" colspan="1">&#160;</td>
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    <div><br>
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    <div style="text-align: justify;">* - Indicates a party-in-interest to the Plan</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 13.5pt;">See accompanying Report of Independent Registered Public Accounting Firm.</div>
    <div><br>
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    <div><br>
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        <div style="margin-bottom: 10pt;"><br>
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        <div><br>
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    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Benefits Administration Board of John Wiley &amp; Sons, Inc. has duly caused this annual report to be signed on its behalf by the undersigned
      hereunto duly authorized.</div>
    <div><br>
    </div>
    <div><br>
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          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">John Wiley &amp; Sons, Inc.</div>
          </td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div style="text-align: center; font-weight: bold;">Employees&#8217; Savings Plan</div>
          </td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">
            <div style="text-align: center;">(Registrant)</div>
          </td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">
            <div style="text-align: right;">By:</div>
          </td>
          <td style="width: 33.74%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">/s/ Kevin Monaco</div>
          </td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">
            <div style="text-align: center;">Kevin Monaco</div>
          </td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">
            <div style="text-align: center;">Senior Vice President and Treasurer</div>
          </td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">
            <div style="text-align: center;">Benefits Administration Board Member</div>
          </td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: top;">&#160;</td>
          <td style="width: 33.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.29%; vertical-align: bottom;">
            <div>Dated:&#160; &#160; June 29, 2020</div>
          </td>
          <td style="width: 33.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32.97%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <div style="margin-bottom: 10pt;"><br>
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    <div style="text-align: right; text-indent: 36pt;">Exhibit 23</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div>To the Plan Administrator,</div>
    <div>John Wiley &amp; Sons, Inc. Employees&#8217; Savings Plan:</div>
    <div>&#160;</div>
    <div style="text-align: justify;">We consent to the incorporation by reference in Registration Statement No. 33-62605 of John Wiley &amp; Sons, Inc. on Form S-8 of our report dated June 29, 2020, appearing in this Annual Report on Form 11-K relating to
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    <div><br>
    </div>
    <div><br>
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    <div>/s/ WithumSmith+Brown, PC</div>
    <div><br>
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    <div>Whippany, New Jersey</div>
    <div>June 29, 2020</div>
    <br>
    <div><br>
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    <div style="text-align: right;">Exhibit 24 </div>
    <div><br>
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    <div style="text-align: center; margin-bottom: 20pt; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">To the Plan Administrator of the</div>
    <div style="text-align: justify;">John Wiley &amp; Sons, Inc. Employees' Savings Plan</div>
    <div><br>
    </div>
    <div style="margin-bottom: 12pt;">We consent to the incorporation by reference in the registration statement (No. 33-62605) on Form S-8 of John Wiley &amp; Sons, Inc. of our report dated June 27, 2019, with respect to the statement of net assets
      available for benefits of the John Wiley &amp; Sons, Inc. Employees' Savings Plan as of December 31, 2018, the related statement of changes in net assets available for benefits for the year ended December 31, 2018, and the related notes, which report
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    <div>/s/ KPMG LLP<br>
    </div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="margin-top: 10pt; margin-bottom: 10pt;">New York, New York<br>
      June 29, 2020</div>
    <div><br>
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    <div><br>
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    <div><br>
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    <div><br>
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