William & Mary Foundation
- Assets
- $1.1b
- Revenue
- $79.4m
- Investments
- $856.8m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 05/1940
- Data as of
- 06/2021
- EIN
- 54-0734117
Organization Overview
William & Mary Foundation is located in Williamsburg, VA. The organization was established in 1940. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Mary 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 Foundation generated $79.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $39.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William & Mary Foundation has awarded 97 individual grants totaling $242,824,277. 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
TO AID, STRENGTHEN AND EXPAND, IN EVERY PROPER AND USEFUL WAY, THE WORK OF THE COLLEGE OF WILLIAM & MARY IN VIRGINIA, A PUBLIC UNIVERSITY.
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES SUPPORT FOR SALARIES OF PROFESSORS AND OTHER STAFF AND OTHER GENERAL SUPPORT FOR THE COLLEGE OF WILLIAM & MARY.
THE FOUNDATION PROVIDES FINANCIAL AID FOR STUDENTS OF THE COLLEGE OF WILLIAM & MARY.
THE FOUNDATION PROVIDES SUPPORT FOR OTHER RELATED ORGANIZATIONS. ADDITIONAL DETAILS CAN BE FOUND IN PART IX AND SCHEDULE I.
RENT REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jeannette Marie Power Event Consulting And Staffing | 6/29/16 | $146,465 |
Mcguirewoods Consulting Llc Consulting | 6/29/16 | $120,000 |
Deloitte Llp Accounting Fees | 6/29/16 | $126,555 |
Deborah M Ratliff Recruiting Services | 6/29/16 | $109,201 |
Marketing Communication Resource Inc Mail Service Management | 6/29/16 | $137,217 |
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 | $28,369,419 |
| Noncash contributions included in lines 1a–1f | $6,593,540 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,369,419 |
| Total Program Service Revenue | $2,158,573 |
| Investment income | $4,944,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,409,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,373,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,617,913 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,748,407 |
| Pension plan accruals and contributions | $425,634 |
| Other employee benefits | $367,635 |
| Payroll taxes | $167,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $699,762 |
| Fees for services: Accounting | $167,588 |
| Fees for services: Lobbying | $1,710 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,408,847 |
| Advertising and promotion | $0 |
| Office expenses | $69,724 |
| Information technology | $655,729 |
| Royalties | $0 |
| Occupancy | $486,722 |
| Travel | $43,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $646 |
| Interest | $343,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,964 |
| Insurance | $374,870 |
| All other expenses | $10,347 |
| Total functional expenses | $39,031,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,743,451 |
| Pledges and grants receivable | $33,747,408 |
| Accounts receivable, net | $1,173,884 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $499,855 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $511,752 |
| Net Land, buildings, and equipment | $7,185,093 |
| Investments—publicly traded securities | $5,639,106 |
| Investments—other securities | $856,757,711 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,293,702 |
| Total assets | $1,122,551,962 |
| Accounts payable and accrued expenses | $1,210,576 |
| Grants payable | $0 |
| Deferred revenue | $40,105 |
| Tax-exempt bond liabilities | $8,090,000 |
| 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 | $2,084,105 |
| Other liabilities | $24,299,823 |
| Total liabilities | $35,724,609 |
| Net assets without donor restrictions | $40,271,640 |
| Net assets with donor restrictions | $1,046,555,713 |
| 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 | $1,122,551,962 |
Grants Awarded
Over the last fiscal year, William & Mary Foundation has awarded $30,616,912 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
THE COLLEGE OF WILLIAM & MARY PURPOSE: SCHOLARSHIPS | $11,179,686 |
THE COLLEGE OF WILLIAM & MARY PURPOSE: OTHER ACTIVITIES OF UNIVERSITY | $7,419,105 |
THE COLLEGE OF WILLIAM & MARY PURPOSE: ADVANCEMENT FUNDING | $2,313,782 |
THE COLLEGE OF WILLIAM & MARY PURPOSE: ALUMNI HOUSE EXPANSION | $2,056,721 |
THE COLLEGE OF WILLIAM & MARY PURPOSE: ATHLETIC COMPLEX | $1,894,389 |
THE COLLEGE OF WILLIAM & MARY PURPOSE: INTERCOLLEGIATE ATHLETICS | $1,058,993 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that William & Mary Foundation has recieved totaling $8,238,444.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Evans Foundation Inc Trustee Of The Restricted Fund Uw Atlanta, GA PURPOSE: General support | $5,436,862 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $584,744 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $500,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $351,231 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $267,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $225,672 |
Endowment Analysis
| Beg. Balance | $577,882,344 |
| Earnings | $207,869,492 |
| Admin Expense | $1,815,000 |
| Net Contributions | $19,940,287 |
| Other Expense | $15,380,956 |
| Grants | $8,491,339 |
| Ending Balance | $780,004,828 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
West Virginia Univ Foundation Inc Morgantown, WV | $1,952,164,791 | $155,430,683 |
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |