Washington & Lee University

Organization 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 06/2021, Washington & Lee University employed 2,435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington & Lee University 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 06/2020, Washington & Lee University generated $186.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) 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 27 individual grants totaling $4,661,266. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE OWASHINGTON 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 EDUCATION - SEE SCHEDULE O.


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Board, Officers & Key Employees

Name (title)Compensation
William C Dudley
President And Trustee
$628,152
Dennis Cross
Former Vice President
$464,908
Brant J Hellwig
Dean
$377,120
Steven G Mcallister
Treasurer
$354,881
Brian C Murchison
Law Professor
$305,908
Elizabeth Oliver
Interim Provost
$286,822

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Makena Capital Lp
Investment Mgmt
$9,025,976
The Whiting-turner Contracting Co
Construction
$3,454,215
Kjellstrom And Lee Inc
Construction
$3,618,331
Workday Inc
Software Dvlpmt
$2,229,089
Rca Laboratory Services Llc
Medical Services
$2,810,185
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$49,258,971
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

Grants Awarded

Over the last fiscal year, Washington & Lee University has awarded $607,397 in support to 3 organizations.

Grant RecipientAmount

CITY OF LEXINGTON VA

PURPOSE: PAYMENT IN LIEU OF TAXES

$567,397

LEXINGTON RETIREMENT COMMUNITY INC

Org PageRecipient Profile

Lexington, VA

PURPOSE: PROGRAM SERVICE

$20,000

OMICRON DELTA KAPPA SOCIETY INC

Org PageRecipient Profile

Lexington, VA

PURPOSE: PROGRAM SERVICE

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Washington & Lee University has recieved totaling $111,400.

Awarding OrganizationAmount
The Mcgue Millhiser Family Trust

Richmond, VA

PURPOSE: GENERAL USE

$70,000
Golub Family Foundation

Wilmington, DE

PURPOSE: CLASS OF 1993 PROJECT FUND, CLASS OF 1994 PROJECT FUND, AND UNRESTRICTED ANNUAL FUND

$20,000
O W Havens Foundation

Johns Island, SC

PURPOSE: SUPPLEMENT INCOME

$10,000
Piedmont Charitable Foundation Inc

Atlanta, GA

PURPOSE: EDUCATION

$5,000
The Powell Foundation

Houston, TX

PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT

$2,500
Lomax Family Foundation

Arden, NC

PURPOSE: CHARITY

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,150,749,702
Earnings$392,372,476
Admin Expense$967,907
Net Contributions$18,096,758
Other Expense$26,116,953
Grants$30,080,863
Ending Balance$1,504,053,213

Peer Organizations

Organization NameAssets
Washington & Lee University
Lexington, VA
$186,199,453
Davidson College
Davidson, NC
$194,756,860
Stevenson University Inc
Owings Mills, MD
$161,866,162
Rhodes College
Memphis, TN
$126,618,541
Berea College
Berea, KY
$205,202,087
Maryland Institute
Baltimore, MD
$136,443,462
Campbellsville University Inc
Campbellsville, KY
$142,326,474
Centre College Of Kentucky
Danville, KY
$215,283,093
Roanoke College
Salem, VA
$126,475,040
Goucher College
Baltimore, MD
$93,748,228
Lee University
Cleveland, TN
$108,753,431
Union University
Jackson, TN
$103,290,604

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