Washington & Lee University
- Assets
- $2.1b
- Revenue
- $186.2m
- Investments
- $1.4b
- Employees
- 2,590
- Location
- Lexington, VA
- Founding
- 05/1923
- Data as of
- 06/2020
- EIN
- 54-0505977
Washington & Lee University Overview
Washington & Lee University is located in Lexington, VA. The organization was established in 1923. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2020, Washington & Lee University employed 2,590 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Washington & Lee University generated $186.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $241.2m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Washington & Lee University has awarded 19 individual grants totaling $3,413,927. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WASHINGTON AND LEE PROVIDES A LIBERAL ART COLLEGE EDUCATION TO APPROXIMATELY 1,800 UNDERGRADUATE STUDENTS & OFFERS JD & LLM STUDIES TO APPROXIMATELY 400 LAW STUDENTS EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A LIBERAL ARTS COLLEGE EDUCATION - SEE SCHEDULE O.
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Washington & Lee University Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Dudley President And Trustee | OfficerTrustee | 40 | $643,135 |
Dennis W Cross Vice President | Officer | 40 | $390,379 |
Brant J Hellwig Dean | Officer | 40 | $371,403 |
Steven G Mcallister Treasurer | Officer | 40 | $349,133 |
Marc C Conner Provost | Officer | 40 | $295,916 |
Nora Demleitner Law Professor | 40 | $293,662 |
Washington & Lee University Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Whiting-turner Contracting Co Construction | 6/29/20 | $19,799,466 |
Makena Capital Lp Investment Mgmt | 6/29/20 | $5,861,485 |
Gunner Construction Construction | 6/29/20 | $1,405,293 |
Kjellstrom And Lee Inc Construction | 6/29/20 | $2,018,069 |
Workday Inc Software Dvlpmt | 6/29/20 | $800,315 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,121,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,137,333 |
| Noncash contributions included in lines 1a–1f | $18,777,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,258,971 |
| Total Program Service Revenue | $135,611,159 |
| Investment income | $625,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $29,591 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $673,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,199,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $681,610 |
| Grants and other assistance to domestic individuals. | $52,806,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,737,688 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,622,481 |
| Compensation of current officers, directors, key employees. | $2,535,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,113,915 |
| Pension plan accruals and contributions | $6,579,843 |
| Other employee benefits | $17,191,567 |
| Payroll taxes | $5,543,211 |
| Fees for services: Management | $320,668 |
| Fees for services: Legal | $195,472 |
| Fees for services: Accounting | $371,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,429,317 |
| Fees for services: Other | $2,410,179 |
| Advertising and promotion | $95,717 |
| Office expenses | $2,706,338 |
| Information technology | $4,702,122 |
| Royalties | $0 |
| Occupancy | $6,532,501 |
| Travel | $3,281,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,863,803 |
| Interest | $7,800,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,771,258 |
| Insurance | $1,112,373 |
| All other expenses | $0 |
| Total functional expenses | $241,164,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,484 |
| Savings and temporary cash investments | $9,900,665 |
| Pledges and grants receivable | $38,690,489 |
| Accounts receivable, net | $5,986,353 |
| Loans from Officers, Directors, or Controlling Persons | $497,092 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $56,357,789 |
| Inventories for sale or use | $1,651,814 |
| Prepaid expenses and deferred charges | $4,261,444 |
| Net Land, buildings, and equipment | $347,400,648 |
| Investments—publicly traded securities | $191,844,692 |
| Investments—other securities | $1,439,030,410 |
| Investments—program-related | $5,993,875 |
| Intangible assets | $0 |
| Other assets | $91,181 |
| Total assets | $2,101,751,936 |
| Accounts payable and accrued expenses | $17,834,547 |
| Grants payable | $0 |
| Deferred revenue | $1,407,186 |
| Tax-exempt bond liabilities | $163,678,265 |
| 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 | $37,383,651 |
| Other liabilities | $54,811,673 |
| Total liabilities | $275,115,322 |
| Net assets without donor restrictions | $370,067,837 |
| Net assets with donor restrictions | $1,456,568,777 |
| 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 | $2,101,751,936 |
Washington & Lee University Grants Awarded
Over the last fiscal year, Washington & Lee University has awarded $639,942 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LEXINGTON VA PURPOSE: PMT IN LIEU OF TAXES | $567,397 |
Lexington, VA PURPOSE: PROGRAM SERVICE | $40,000 |
Lexington, VA PURPOSE: PROGRAM SERVICE | $20,000 |
Lexington, VA PURPOSE: PROGRAM SERVICE | $7,500 |
Lexington, VA PURPOSE: Program Service | $5,045 |
Washington & Lee University Grants Recieved
Over the last fiscal year, we have identified 48 grants that Washington & Lee University has recieved totaling $16,298,805.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Evans Foundation Inc Trustee Of The Restricted Fund Uw Atlanta, GA PURPOSE: General support | $15,693,012 |
Sadler Family Foundation Palm Beach, FL PURPOSE: CHARITABLE | $191,780 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $85,449 |
The Mcgue Millhiser Family Trust Richmond, VA PURPOSE: GENERAL USE | $50,000 |
The Mcgue Millhiser Family Trust Richmond, VA PURPOSE: GENERAL USE | $50,000 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $30,489 |
Endowment Analysis
| Beg. Balance | $1,142,350,304 |
| Earnings | $33,655,213 |
| Admin Expense | $2,398,511 |
| Net Contributions | $30,029,504 |
| Other Expense | $23,470,757 |
| Grants | $29,416,051 |
| Ending Balance | $1,150,749,702 |
Washington & Lee University Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington & Lee University Lexington, VA | $2,101,751,936 | $186,199,453 |
Davidson College Davidson, NC | $1,347,013,579 | $201,740,146 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Stevenson University Inc Owings Mills, MD | $302,752,205 | $146,450,457 |
Maryland Institute Baltimore, MD | $324,696,375 | $136,443,462 |
Campbellsville University Inc Campbellsville, KY | $173,713,560 | $147,591,479 |
Roanoke College Salem, VA | $311,477,483 | $118,896,428 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Centre College Of Kentucky Danville, KY | $511,808,579 | $91,020,340 |
Lee University Cleveland, TN | $201,404,012 | $106,104,009 |
Washington College Chestertown, MD | $454,444,953 | $102,852,298 |
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