2024-05-15T07:06:37-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2022-07-01 540169627 UNIVERSITY OF MARY WASHINGTON FOUNDATION UNIV 5404791893 1125 EMANCIPATION HIGHWAY 200 FREDERICKSBURG VA 22401 KATIE TURCOTTE EXECUTIVE DIRECTOR 5404791892 2024-05-13 1 KATIE TURCOTTE 999009999 0 AMY DOSIK P00890743 8046735700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATIE TURCOTTE 1125 EMANCIPATION HIGHWAY 200 FREDERICKSBURG VA 22401 73706974 0 X WWW.UMWF.ORG X 1975 VA TO RECEIVE, HOLD, AND ADMINISTER FUNDS AND PROPERTY OF ALL KINDS, FOR THE FURTHERANCE OF THE OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON. 31 31 5 31 33626 0 8289492 41531624 305291 746876 1600393 1740576 800385 -1400069 10995561 42619007 4104015 3944840 0 0 1338540 1138735 0 0 444617 2130830 2104664 7573385 7188239 3422176 35430768 108466422 135496119 41202852 26636673 67263570 108859446 TO RECEIVE, HOLD, INVEST, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY OF ALL KINDS, EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON. 0 0 4606383 3944840 746876 THE UMW FOUNDATION SERVES AS THE PRIVATE ASSET MANAGER FOR THE UNIVERSITY OF MARY WASHINGTON. THE FOUNDATION MANAGES ALL OF THE UNIVERSITY'S PRIVATELY DONATED CASH AND INVESTMENTS AS WELL AS BEING ENGAGED IN REAL ESTATE ACQUISITION, DEVELOPMENT AND MANAGEMENT ON BEHALF OF THE INSTITUTION. 4606383 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 95 0 1 5 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X CONTROLLER UMW FOUNDATION 5404791897 1125 EMANCIPATION HWY STE 200 FREDERICKSBURG VA 22401 EDWARD V ALLISON JR CHAIR 0.60 X X 0 0 0 DORI EGLEVSKY VICE-CHAIR 0.60 X X 0 0 0 ROBERT J BARRY SECRETARY 0.60 X X 0 0 0 KATHLEEN S MEHFOUD IMMEDIATE PAST CHAIR 0.60 X X 0 0 0 ABAS ADENAN DIRECTOR 0.30 X 0 0 0 ROSS BIERKAN DIRECTOR 0.60 X 0 0 0 JOHN BOWMAN DIRECTOR 0.30 X 0 0 0 SUE BRIDI DIRECTOR 0.30 X 0 0 0 MIKHAEL CHARNOFF DIRECTOR 0.30 X 0 0 0 MICHAEL A CIRAMI DIRECTOR 0.30 X 0 0 0 DANIEL CLENDENIN DIRECTOR 0.30 X 0 0 0 DEVON W CUSHMAN DIRECTOR 0.30 X 0 0 0 JANEL S DONOHUE DIRECTOR 0.30 X 0 0 0 CRAIG ERWIN TERM 063023 DIRECTOR 0.30 X 0 0 0 JUSTIN T GERBEREUX DIRECTOR 0.30 X 0 0 0 DONNA S GLADIS DIRECTOR 0.30 X 0 0 0 MICHAEL A JOHNSON DIRECTOR 0.30 X 0 0 0 LEE E KELLEY DIRECTOR 0.30 X 0 0 0 PATRICIA B KEMP DIRECTOR 0.30 X 0 0 0 PAUL MESSPLAY TERM 011523 DIRECTOR 0.30 X 0 0 0 KERWIN A MILLER SR DIRECTOR 0.30 X 0 0 0 DONALD NEWLIN DIRECTOR 0.60 X 0 0 0 TROY D PAINO DIRECTOR 0.60 X 0 0 0 VICKI RAVENEL DIRECTOR 0.30 X 0 0 0 JAMES H REVERE DIRECTOR 0.30 X 0 0 0 XAVIER R RICHARDSON DIRECTOR 0.30 X 0 0 0 ANNE STEEN DIRECTOR 0.30 X 0 0 0 SARAH STRASSHEIM DIRECTOR 0.30 X 0 0 0 LESLIE F TILGHMAN DIRECTOR 0.30 X 0 0 0 SEAN M TUFFY DIRECTOR 0.30 X 0 0 0 KATIE TURCOTTE DIRECTOR 0.30 X 0 0 0 VICKY WILDER DIRECTOR 0.30 X 0 0 0 JEFF W ROUNTREE CEO 65.00 X 269667 0 31440 GREGORY A BRANNER CFO/TREASURER 60.00 X 169339 0 35686 SHANNON C WILLIAMS CONTROLLER 45.00 X 111505 0 9509 550511 0 76635 3 0 1 0 ARTEMIS WEALTH ADVISORS LLC 168 5TH AVE NEW YORK NY 10010 INVESTMENT CONSULTING 330857 HIRSCHLER PO BOX 500 RICHMOND VA 232180500 LEGAL SERVICES 171635 SODEXO INC & AFFILIATES CO CATERING 1301 COLLEGE AVE FREDERICKSBURG VA 22401 CATERING 164525 CHERRY BEKAERT LLP PO BOX 25549 RICHMOND VA 23260 AUDIT/TAX 106540 4 41531624 4793031 41531624 UNIVERSITY RENTAL INCOME 532000 746876 746876 746876 1808242 440 1807802 1282405 2902116 -1619711 -1619711 -1619711 14857966 13260219 16260068 11925783 -1402102 1334436 -67666 -67666 HOTEL 721110 33186 33186 186456 186456 219642 42619007 746876 33626 306881 3944840 3944840 621039 621039 438889 387093 51796 4324 4324 35750 20671 15079 38733 38733 13972 13972 471069 471069 730763 730763 1565 1565 293 293 51823 51823 12284 12284 29388 29388 26183 26183 17874 17874 35128 21238 13890 217902 164566 53336 DEPARTMENTAL OPERATING 37241 37241 459179 36252 85305 337622 7188239 4606383 2137239 444617 7589492 6517790 543427 2300309 648894 24953801 1069818 594229 75000 75000 217519 204171 35304849 6026372 42913004 29278477 46778589 55939728 7695546 14897142 265175 90821 669958 644651 108466422 135496119 259416 784385 81310 24114 1645548 1575485 36807062 22418129 2409516 1834560 41202852 26636673 X -4674275 -5570042 71937845 114429488 67263570 108859446 108466422 135496119 X 35430768 6069631 95477 X 0 1 X 1 0 X 5365105 7859927 5723783 8289492 41531624 68769931 1547576 1491893 1352746 967517 1253283 6613015 6912681 9351820 7076529 9257009 42784907 75382946 36519311 38863635 3364664 3290367 3308859 4168502 3090207 17222599 19390 19390 92624935 23843816 0.41960 0.61420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 20.00 0 0 0 0 60429775 14075610 5165322 2070257 77600450 69460911 2063233 -9337619 1756750 60429775 58837581 3046952 9166576 1590198 69460911 55478737 2294132 2781566 1716854 58837581 51841274 2779803 2494644 1636984 55478737 1.00000 0 0 18879476 516626 19396102 10535159 2912641 3795905 9651895 89399 107540 138476 58463 101837 2162171 2091991 172017 29278477 HEDGE FUNDS 2171251 F PRIVATE EQUITY FUNDS 7753065 F REAL ASSET FUNDS 4972826 F 14897142 GIFT ANNUITY LIABILITY 395423 OTHER LIABILITIES 6060 DUE TO UNIVERSITY OF MARY WASHINGTON 1433077 1834560 X 52208751 6069631 1253283 95477 7418391 44790360 730763 -2902116 -2171353 42619007 10612875 1253283 2902116 4155399 6457476 730763 730763 7188239 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF MULTIPLE FUNDS. THE ENDOWED FUNDS ARE ALL DONOR-RESTRICTED ENDOWMENTS CONSISTING OF STUDENT SCHOLARSHIPS AND AWARDS, FACULTY SUPPORT, AND OTHER SUPPORT OF THE ARTS AND PROGRAM OPERATIONS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE LLCS ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND ARE INCLUDED IN THE FOUNDATION FILINGS. THERE ARE CERTAIN ACTIVITIES CONDUCTED BY THE FOUNDATION THAT ARE CONSIDERED UNRELATED BUSINESS ACTIVITIES WHICH ARE NOT EXEMPT FROM FEDERAL AND STATE INCOME TAX. THE FOUNDATION FILES TIMELY FEDERAL AND STATE RETURNS FOR THESE ACTIVITIES AND MAKES THE NECESSARY TAX PAYMENTS, IF APPLICABLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 120,784. CHANGE IN CSV LIFE INSURANCE -25,307. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON RETURN -2,902,116. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON RETURN 2,902,116. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1871680 0 0 0 0 0 0 1871680 0 1871680 1 0 1 1 1 0 PART I, LINE 3: AMOUNT REPORTED IN PART I REPRESENTS THE FAIR MARKET VALUE OF INVESTMENTS HELD IN THE REGION AS OF THE END OF THE FOUNDATION'S FISCAL YEAR. PART III ACCOUNTING METHOD: 1 UNIVERSITY OF MARY WASHINGTON 1301 COLLEGE AVENUE FREDERICKSBURG VA 22401 546001757 170(B)(1)(A)(V) 3408799 0 STUDENT SCHOLARSHIPS, FACULTY AWARDS AND OTHER SUPPORT OF UNIVERSITY SERVICES UNIVERSITY OF MARY WASHINGTON ALUMNI ASSOCIATION 1119 HANOVER STREET FREDERICKSBURG VA 22401 540471667 501(C)(3) 135000 0 DONATION TO SUPPORT UNIVERSITY SERVICES AND PROGRAMS 2 0 PART I, LINE 2: UMW PROVIDES ADEQUATE DOCUMENTATION AND AUDIT TRAILS FOR SCHOLARSHIP PAYMENTS TO STUDENTS. THE UNIVERSITY DEPARTMENT OF FINANCIAL AID IS RESPONSIBLE FOR DETERMINING ELIGIBILITY OF STUDENTS UNDER TERMS OF ENDOWMENTS, AND FOR AWARDING FINANCIAL AID THROUGH THE DEPARTMENT OF STUDENT ACCOUNTS. THE FOUNDATION FIRST ADVANCES THE UNIVERSITY THE DESIGNATED AMOUNT OF FUNDS WHICH ALLOWS THE UNIVERSITY TO PAY OUT THE SCHOLARSHIPS. ALL DISBURSEMENTS ARE APPROVED BY THE CEO OF THE FOUNDATION. THE FOUNDATION PERIODICALLY COMPARES THE UMW SCHOLARSHIP SYSTEM REPORT WHICH SHOWS WHAT THE UNIVERSITY HAS PAID OUT TO THE FOUNDATION'S SCHOLARSHIPS AND AWARD PAYMENT HISTORY. DIFFERENCES ARE INVESTIGATED AND CORRECTED. OTHER ASSISTANCE TO THE UNIVERSITY IS APPROVED IN ADVANCE OF FUNDING TO THE UNIVERSITY OR PAID DIRECTLY BY THE FOUNDATION ON THE UNIVERSITY'S BEHALF. X X X 0 1 0 0 0 0 0 0 0 JEFF W ROUNTREE CEO 268667 0 1000 0 0 0 18910 0 12530 0 301107 0 0 0 GREGORY A BRANNER CFO/TREASURER 168339 0 1000 0 0 0 12338 0 23348 0 205025 0 0 0 PART I, LINE 4B THE FOUNDATION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION 457(F) PLAN FOR ITS CEO DURING FYE 2017. DURING 6/30/2022, THE FOUNDATION DID NOT MAKE A CONTRIBUTION TO THE PLAN. A INDUSTRIAL DEVELOPMENT AUTHORITY STAFFORD COUNTY 412119657 852412LR4 2007-08-08 2500000 1201 WILLIAM STREET PURCHASE A 0 0 0 A 855000 2500000 148081 2351919 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: INDUSTRIAL DEVELOPMENT AUTHORITY, STAFFORD COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/08/2012 X 8 11100 APPRAISAL X 43 402846 FMV X 1 1818744 APPRAISAL OF UNDERLYING X 6 1960341 NAV X 1 600000 APPRAISAL 2 0 1 1 PART I, LINE 32B: ART AUCTION HOUSE USED IF ART IS TO BE SOLD, NOT HELD AS PART OF THE COLLECTION; INVESTMENT BROKER TO CONVERT TRADABLE STOCKS TO CASH FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR, VICE-CHAIR, IMMEDIATE PAST CHAIR, OPERATIONS AND FINANCE COMMITTEE CHAIR, INVESTMENT COMMITTEE CHAIR, AND THE PRESIDENT OF THE UNIVERSITY, ALL OF WHOM ARE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT TO ENSURE ACCURACY. THE 990 IS THEN PRESENTED BY CB TO THE AUDIT COMMITTEE FOR REVIEW AND DISCUSSION. WHEN THE AUDIT COMMITTEE HAS SATISFIED ANY QUESTIONS THEY MAY HAVE, THE 990 IS THEN SENT TO THE ENTIRE BOARD FOR THEIR REVIEW AND CB IS AUTHORIZED TO FILE THE FORMS. FORM 990, PART VI, SECTION B, LINE 12C FORMS ARE TRACKED AS TO WHEN TURNED IN. DIRECTORS ARE REMINDED TO DO SO AT THE SUMMER MEETING EACH YEAR WITH FORMS AVAILABLE TO THEM TO COMPLETE AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE RESEARCHES VARIOUS SALARY STUDIES FOR COMPARABLE DATA IT USES IN ESTABLISHING THE CEO'S SALARY. THE CEO, IN COLLABORATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, RESEARCHES VARIOUS INDEPENDENT SALARY STUDIES FOR COMPARABLE DATA THE FOUNDATION THEN USES FOR ESTABLISHING THE SALARIES OF OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 UMW FOUNDATION HAS POSTED ON ITS WEBSITE (WWW.UMWF.ORG) AND THUS AVAILABLE TO THE PUBLIC, ITS GOVERNING DOCUMENTS, KEY POLICIES, AND CONTACT INFORMATION TO REQUEST ADDITIONAL INFORMATION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 120,784. CHANGE IN CSV LIFE INSURANCE -25,307. EAGLE PROPERTY HOLDINGS LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 300491606 REAL ESTATE HOLDING COMPANY VA 121536 16406898 UNIVERSITY OF MARY WASHINGTON FOUNDATION EAGLE HOUSING LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 263699705 STUDENT HOUSING PROJECTS HOLDING COMPANY VA 1338251 11866774 UNIVERSITY OF MARY WASHINGTON FOUNDATION EAGLE VILLAGE I LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 261479875 RENTAL PROPERTY-RETAIL VA 1702630 872604 EAGLE PROPERTY HOLDINGS LLC SNOWDEN STREET LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 300491606 REAL ESTATE VA EAGLE PROPERTY HOLDINGS LLC EAGLE PIZZA LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 271592906 REAL ESTATE VA 142835 EAGLE PROPERTY HOLDINGS LLC EAGLE VILLAGE - ROGER DODGER LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 261729320 REAL ESTATE VA 95280 EAGLE PROPERTY HOLDINGS LLC TRANSITIONAL PROPERTIES LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 271592853 REAL ESTATE VA 38833 312482 EAGLE PROPERTY HOLDINGS LLC EAGLE DEVELOPERS LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 364710338 REAL ESTATE DEVELOPMENT VA EAGLE PROPERTY HOLDINGS LLC EAGLE HOSPITALITY LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 453538218 SELECT SERVICE HOTEL VA 33186 364606 EAGLE PROPERTY HOLDINGS LLC ACADEMIC VILLAGE LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 472547586 REAL ESTATE VA EAGLE PROPERTY HOLDINGS LLC