William & Mary Business School Foundation
- Assets
- $93.5m
- Revenue
- $9.5m
- Investments
- $62.0m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 11/1970
- Data as of
- 06/2021
- EIN
- 23-7079011
Organization Overview
William & Mary Business School Foundation is located in Williamsburg, VA. The organization was established in 1970. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Mary Business School Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, William & Mary Business School Foundation generated $9.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William & Mary Business School Foundation has awarded 29 individual grants totaling $11,189,491. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR PUBLIC INSTITUTION OF HIGHER EDUCATION.
Describe the Organization's Program Activity:
WILLIAM & MARY RAYMOND A MASON SCHOOL OF BUSINESS - SUPPORT WAS PROVIDED TO PUBLIC INSTITUTION OF HIGHER LEARNING. FUNDING SUPPORTED THE DEGREE GRANTING ACADEMIC PROGRAMS; STUDENT RESEARCH AND SCHOLARSHIPS; AND OTHER MATERIAL EDUCATIONAL SUPPORT.
WILLIAM & MARY RAYMOND A MASON SCHOOL OF BUSINESS - ACADEMIC STUDENT CENTERS THE BOEHLY CENTER PREPARES STUDENTS FOR CAREERS IN FINANCE BY PROVIDING OPPORTUNITIES FOR ADVANCE FINANCIAL TRAINING, CAREER EXPLORATION, NETWORKING AND EXPERIENTIAL LEARNING. THE ALAN B MILLER ENTREPRENEURSHIP CENTER EDUCATES, INSPIRES AND SUPPORTS STUDENTS IN DEVELOPING SKILLS AND THE MINDSET OF AN ENTREPRENEUR.
WILLIAM & MARY RAYMOND A. MASON SCHOOL OF BUSINESS CHAMPIONS INITIATIVES THAT ARE BOTH DIVERSE, EQUITABLE AND INCLUSIVE FOR STUDENTS, FACULTY, STAFF, ADMINISTRATORS AND PARTNER ORGANIZATIONS. FUNDING SUPPORTED ACADEMIC PROGRAM COURSES DEVELOPMENT AND EXECUTION. FUNDING ALSO SUPPORTED SPECIAL UNIVERSITY WIDE AND RAYMOND A. MASON SCHOOL OF BUSINESS TRAINING AND PROGRAMS FOR FACULTY, STAFF AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan C Rucker CFO | Officer | 10 | $102,891 |
Laura Doherty CEO | Officer | 10 | $102,743 |
Carla R King-Johnson Assistant Treasurer | Officer | 40 | $79,194 |
Barry J Sharp Treasurer | OfficerTrustee | 1 | $0 |
Raymond A Mason Vice Chair | OfficerTrustee | 1 | $0 |
Donald Lowman Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,366,053 |
| Noncash contributions included in lines 1a–1f | $204,460 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,366,053 |
| Total Program Service Revenue | $1 |
| Investment income | $701,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,465,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,533,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,297,788 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $292,512 |
| Compensation of current officers, directors, key employees. | $184,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,641,493 |
| Pension plan accruals and contributions | $165,997 |
| Other employee benefits | $205,562 |
| Payroll taxes | $127,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135,668 |
| Fees for services: Accounting | $44,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $288,574 |
| Fees for services: Other | $292,357 |
| Advertising and promotion | $35,909 |
| Office expenses | $117,305 |
| Information technology | $836,187 |
| Royalties | $0 |
| Occupancy | $26,760 |
| Travel | $1,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191,661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262 |
| Insurance | $7,092 |
| All other expenses | $0 |
| Total functional expenses | $5,738,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,635,556 |
| Savings and temporary cash investments | $9,624,714 |
| Pledges and grants receivable | $2,339,354 |
| Accounts receivable, net | $1,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,738 |
| Net Land, buildings, and equipment | $655 |
| Investments—publicly traded securities | $15,420,515 |
| Investments—other securities | $61,956,623 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,547,664 |
| Total assets | $93,537,218 |
| Accounts payable and accrued expenses | $110,243 |
| Grants payable | $0 |
| Deferred revenue | $20,355 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $130,598 |
| Net assets without donor restrictions | $4,705,408 |
| Net assets with donor restrictions | $88,701,212 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $93,537,218 |
Grants Awarded
Over the last fiscal year, William & Mary Business School Foundation has awarded $1,712,030 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAM AND MARY PURPOSE: STUDENT SCHOLARSHIPS | $841,880 |
WILLIAM AND MARY PURPOSE: STUDENT SCHOLARSHIPS | $841,880 |
WILLIAM AND MARY PURPOSE: PARKING DECALS AND RESERVED PARKING SPACES | $7,707 |
WILLIAM AND MARY PURPOSE: PARKING DECALS AND RESERVED PARKING SPACES | $7,707 |
WILLIAM AND MARY PURPOSE: ENTREPRENEURSHIP CENTER SUPPORT AND OTHER SUPPORT | $6,428 |
WILLIAM AND MARY PURPOSE: ENTREPRENEURSHIP CENTER SUPPORT AND OTHER SUPPORT | $6,428 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that William & Mary Business School Foundation has recieved totaling $255,419.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $205,700 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $20,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Good Shepherd Of Darien Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,500 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $2,625 |
Endowment Analysis
| Beg. Balance | $53,026,406 |
| Earnings | $17,656,533 |
| Net Contributions | $10,126,043 |
| Other Expense | $1,738,371 |
| Ending Balance | $79,070,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Mcintire School Of Commerce Foundation Charlottesville, VA | $155,832,929 | $20,412,098 |
William & Mary Business School Foundation Williamsburg, VA | $93,537,218 | $9,533,267 |
Investor Protection Tr Washington, DC | $13,587,826 | $3,411,199 |
Vscpa Educational Foundation Inc Glen Allen, VA | $1,606,071 | $250,147 |
Robert H Smith School Of Business Foundation Inc Potomac, MD | $10,614,418 | $969,901 |
Virginia Future Business Leaders Of America Phi Beta Lambda Foundation Bridgewater, VA | $474,463 | $0 |