2022-05-11T12:31:11-05:00 2021-06-30 861065772 DELOITTE TAX LLP 7900 TYSONS ONE PLACE SUITE 800 MCLEAN VA 22102 990 2020-07-01 540734117 William & Mary Foundation WILL 7572211906 5300 DISCOVERY PARK BLVD 3rd FLOOR WILLIAMSBURG VA 231882695 WILLIAM D COPAN JR ASSISTANT TREASURER 2022-05-11 true WILLIAM D COPAN JR 999009999 JOHN W SADOFF JR P00540589 7032511000 2020 2022-09-23 18:48:47Z WILLIAM D COPAN JR 5300 DISCOVERY PARK BLVD 3rd FLOOR WILLIAMSBURG VA 231882695 259545446 false X WWW.WM.EDU/OFFICES/CWMF X 1939 VA TO AID, STRENGTHEN AND EXPAND, IN EVERY PROPER AND USEFUL WAY, THE WORK OF THE COLLEGE OF WILLIAM & MARY IN VIRGINIA, A PUBLIC UNIVERSITY. 35 35 0 41 -436342 0 64598226 28369419 931948 2158573 17782467 43354248 5324230 5491222 88636871 79373462 45123683 30617913 0 886424 3708992 0 0 3623691 3297955 4704391 49308062 39031296 39328809 40342166 868886184 1122551962 28514080 35724609 840372104 1086827353 X TO AID, STRENGTHEN AND EXPAND, IN EVERY PROPER AND USEFUL WAY, THE WORK OF THE COLLEGE OF WILLIAM & MARY IN VIRGINIA, A PUBLIC UNIVERSITY. false false 22546728 19179502 THE FOUNDATION PROVIDES SUPPORT FOR SALARIES OF PROFESSORS AND OTHER STAFF AND OTHER GENERAL SUPPORT FOR THE COLLEGE OF WILLIAM & MARY. 11179686 11179686 THE FOUNDATION PROVIDES FINANCIAL AID FOR STUDENTS OF THE COLLEGE OF WILLIAM & MARY. 258725 258725 1242684 THE FOUNDATION PROVIDES SUPPORT FOR OTHER RELATED ORGANIZATIONS. ADDITIONAL DETAILS CAN BE FOUND IN PART IX AND SCHEDULE I. 915889 RENT REVENUE 915889 33985139 true true false true false false true false true true true false true true true false true false false true false false false false false false true false true true false false false false false false false false false false true false false false true true true true false false true X 30 0 true 0 true true true HK UK CA DA false false false false false false false false false false X 35 35 false false false false false true false true true false false true true true true true true false false false CA CO DC FL KY ME AK MD MI MN NV NH NJ NY OH OR SC UT WA X Karyn Tancredi 7572212744 5300 Discovery Park Boulevard Williamsburg VA 231882695 CLIFFORD B FLEET III TRUSTEE/VICE CHAIRPERSON FOR DEVELOPMENT STRATEGY 1.0 1.0 X X 0 0 0 JILL MARIE LORD TRUSTEE/SECRETARY 1.0 1.0 X X 0 0 0 MICHAEL K POWELL TRUSTEE/CHAIRPERSON OF THE BOARD 1.0 1.8 X X 0 0 0 ALAN D HILLIKER TRUSTEE (TERM ENDED 10/20) 1.0 0.0 X 0 0 0 ANDREW W HORROCKS TRUSTEE 1.0 1.5 X 0 0 0 AUDRA LYNN MALLOW TRUSTEE (TERM ENDED 10/20) 1.0 0.0 X 0 0 0 BROOKE TRIBLE WEINMANN TRUSTEE 1.0 1.0 X 0 0 0 CHARLES ANDREW WATERS TRUSTEE (TERM ENDED 10/20) 1.0 0.0 X 0 0 0 CHET M THAKER TRUSTEE 1.0 0.0 X 0 0 0 CHRISTINE MARIE VILLA TRUSTEE 1.0 0.3 X 0 0 0 DARPAN S KAPADIA TRUSTEE (TERM BEGAN 10/20) 1.0 1.0 X 0 0 0 DAVID J JALLITS TRUSTEE 1.0 1.0 X 0 0 0 DAVID K STONE TRUSTEE (TERM ENDED 03/21) 1.0 0.0 X 0 0 0 DAVID N KELLEY TRUSTEE 1.0 1.0 X 0 0 0 DAVID R COVIN TRUSTEE 1.0 1.0 X 0 0 0 DAWN M ARNALL TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH CABELL JENNINGS TRUSTEE/VICE CHAIRPERSON FOR INVESTMENTS 1.0 1.0 X 0 0 0 HOWARD DALE MCFADDEN TRUSTEE 1.0 0.0 X 0 0 0 HYLAH B BALLOWE TRUSTEE (TERM BEGAN 10/20) 1.0 0.0 X 0 0 0 J SCOTT PERKINS TRUSTEE 1.0 1.0 X 0 0 0 JANE CHURCH HORVATH TRUSTEE 1.0 0.0 X 0 0 0 JANET R ATWATER TRUSTEE 1.0 1.0 X 0 0 0 JENNIFER T MACKESY TRUSTEE 1.0 0.0 X 0 0 0 JODY W FORSYTH TRUSTEE 1.0 1.5 X 0 0 0 JOHN E LITTEL TRUSTEE/VOTING EX-OFFICO 1.0 2.0 X 0 0 0 JOHN E SIMMONS TRUSTEE 1.0 0.0 X 0 0 0 JOHN STRUTH NOVOGRATZ TRUSTEE (TERM ENDED 10/20) 1.0 0.0 X 0 0 0 KATHERINE A ROWE TRUSTEE/ VOTING EX-OFFICIO 1.0 0.2 X 0 0 0 KEVIN M PHILLIPS TRUSTEE 1.0 1.0 X 0 0 0 LOUIS GERARD DUDNEY TRUSTEE 1.0 0.0 X 0 0 0 MARK C BUSH TRUSTEE (TERM BEGAN 10/20) 1.0 0.0 X 0 0 0 MARYELLEN FARMER FEELEY TRUSTEE (TERM ENDED 10/20) 1.0 0.0 X 0 0 0 MASHEA M ASHTON TRUSTEE (TERM BEGAN 10/20) 1.0 0.0 X 0 0 0 MELISSA D FRIEDERY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL C SAPNAR TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL P FORADAS TRUSTEE (TERM ENDED 10/20) 1.0 1.0 X 0 0 0 PAMELA JORDAN PENNY TRUSTEE 1.0 0.0 X 0 0 0 PENELOPE H MEREDITH TRUSTEE 1.0 0.0 X 0 0 0 RAELENE C WAGONER TRUSTEE 1.0 1.0 X 0 0 0 SHELLEY B GOODE TRUSTEE 1.0 0.0 X 0 0 0 TERI DALE DUNGAN TRUSTEE 1.0 0.0 X 0 0 0 TODD A STOTTLEMYER TRUSTEE (TERM BEGAN 10/20) 1.0 0.0 X 0 0 0 AMY S SEBRING CHIEF FINANCIAL OFFICER AND TREASURER 15.0 45.0 X 326267 0 20290 JULIE S LEACH EXECUTIVE DIRECTOR 40.0 0.0 X 61889 0 3179 MATTHEW T LAMBERT CHIEF EXECUTIVE OFFICER 30.0 30.0 X 433726 0 22543 WILLIAM D COPAN JR ASSISTANT TREASURER 12.5 37.5 X 184671 0 6572 CATHERINE MOUNTJOY DIRECTOR OF INVESTMENTS 5.0 40.0 X 375301 0 14019 F BRIAN HIESTAND CHIEF INVESTMENT OFFICER 10.0 40.0 X 560495 0 6490 KARYN A TANCREDI CONTROLLER 50.0 0.0 X 149061 0 26290 2091410 0 99383 6 false true true Blackbaud Inc 65 Fairchild Street Charleston SC 29492 System Implementation 718866 1 28369419 6593540 28369419 RENT OF BUILDINGS TO CW&M 531120 915889 915889 Management Fees 525910 1242684 1242684 0 0 0 0 2158573 4944586 -436342 5380928 0 0 218581646 180171984 38409662 0 38409662 38409662 FUNDS HELD IN TRUST 900099 5443525 5443525 47697 0 0 47697 5491222 79373462 2158573 -436342 49281812 30617913 30617913 2748407 823239 559416 1365752 425634 52017 226602 147015 367635 75073 75265 217297 167316 44818 38204 84294 699762 574594 102281 22887 167588 21626 145962 1710 1710 1408847 291983 172987 943877 69724 42652 23613 3459 655729 57002 11988 586739 486722 249556 237166 43060 41133 1927 646 349 297 343427 313316 30111 326964 324756 2208 374870 346635 21402 6833 BOOKS, SUBSCRIPTIONS 106975 93219 10381 3375 FOOD SERVICES 4390 2575 1815 PP&E RENT, MAINTENANCE 66 66 0 0 PUBLIC RELATIONS 3564 720 2030 814 10347 10187 0 160 39031296 33985139 1422466 3623691 20348747 15743451 40434031 33747408 2036757 1173884 0 0 0 0 907667 499855 292395 511752 16942017 9756924 6565858 7185093 4590898 5639106 630787510 856757711 0 162922321 201293702 868886184 1122551962 1085320 1210576 37839 40105 8090000 8090000 0 0 325004 2084105 18975917 24299823 28514080 35724609 X 31498388 40271640 808873716 1046555713 840372104 1086827353 868886184 1122551962 X 40342166 203233408 2879675 X false true X true false X 32615151 34728386 46053202 64598226 28369419 206364384 0 0 32615151 34728386 46053202 64598226 28369419 206364384 30441378 175923006 24007976 10636285 5797716 6648076 5860474 52950527 0 0 0 0 0 0 4691470 5210616 5298930 5324230 6733906 27259152 286574063 878319 0.6139 0.6342 X Schedule A, Part II, Line 10 LINE 10 IS SUBSTANTIALLY INCOME FROM FUNDS HELD IN TRUST FOR OTHERS ($5,443,525). Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 4691470.0, COLUMN B - 5210616.0, COLUMN C - 5298930.0, COLUMN D - 5324230.0, COLUMN E - 6733906.0, COLUMN F - 27259152.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1710 false false 1710 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY DURING THE 2021 VIRGINIA GENERAL ASSEMBLY SESSION A REGISTERED LOBBYIST WAS PAID TO CONTACT ELECTED MEMBERS OF THE GENERAL ASSEMBLY TO SHARE INFORMATION ON PENDING LEGISLATION HELPFUL TO THE WILLIAM & MARY FOUNDATION. 6119744 X X X X X COLLECTION USED FOR TEACHING false 577882344 19940287 207869492 8491339 15380956 1815000 780004828 583962456 21185597 -2713926 7705208 15031575 1815000 577882344 553237491 24582320 29293255 9771630 11563980 1815000 583962456 508071009 20597328 44683234 9844551 8454529 1815000 553237491 458546529 13622777 54817452 9814663 7436086 1665000 508071009 0.0354 0.4526 0.512 true false 2354065 2354065 6629465 2675816 3953649 6719571 6653424 66147 1238916 427684 811232 7185093 INVESTMENT IN GRANTOR TRUST/PARTNERS FUND 799688306 F DISCOUNT NOTES AND OTHER SHORT TERM INVESTMENTS 56354765 F STOCK IN COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION 5000 C LIMITED PARTNERSHIPS 372280 F OTHER INVESTMENTS 18000 F CASH HELD FOR INVESTMENT 319360 F 856757711 COLLECTIONS 6119744 RECEIVABLE FROM CHARITABLE REMAINDER TRUSTS 6522750 CASH SURRENDER VALUE OF LIFE INSURANCE 1473148 UN-AMORTIZED BOND INSURANCE COST 4274 FUNDS HELD IN TRUSTS BY OTHERS 187173786 RECEIVABLE FROM COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION 201293702 DEFERRED COMPENSATION LIABILITY 422508 LIFE ESTATES RETAINED BY DONORS 265327 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 1977733 FUNDS HELD FOR OTHERS 21634255 24299823 X Schedule D, Part III, Line 4 Collections of art - description of collections THE FOUNDATION OWNS WORKS OF ART FOR THE BENEFIT OF THE MUSCARELLE MUSEUM OF THE COLLEGE OF WILLIAM & MARY, AS WELL AS ANTIQUES USED BY THE COLLEGE OF WILLIAM & MARY IN VARIOUS BUILDINGS. Schedule D, Part V, Line 4 Intended uses of endowment funds PAYOUT FROM ENDOWMENT FUNDS IS USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OTHER DEPARTMENTAL USES, OR FOR THE GENERAL PURPOSES OF THE FOUNDATION OR THE COLLEGE OF WILLIAM & MARY. IN ADDITION TO ENDOWMENTS REPORTED IN SCHEDULE D, THE FOUNDATION HAS AN IRREVOCABLE INTEREST IN A PORTION OF THE INCOME FROM THESE ENTITIES. THE VALUE OF THE FOUNDATION'S INTEREST IN THESE ENTITIES IS REPORTED AS FUNDS HELD IN TRUST BY OTHERS, AND WAS $187,173,786 AND $149,682,432 AT JUNE 30, 2021 AND 2020, RESPECTIVELY. CHANGE IN THE VALUE OF THIS INTEREST DURING THE YEAR IS $37,491,354. THE FOUNDATION ALSO HOLDS CERTAIN ENDOWMENTS FOR THE BENEFIT OF THE OMOHUNDRO INSTITUTE OF EARLY AMERICAN HISTORY AND CULTURE VALUED AT $21,634,255 AND $16,599,405 AT JUNE 30, 2021 AND 2020, RESPECTIVELY. IN ACCORDANCE WITH ACCOUNTING GUIDANCE, THE OMOHUNDRO ENDOWMENTS ARE REPORTED WITH AN OFFSETTING LIABILITY AND ACTIVITY RELATING TO THE OMOHUNDRO ENDOWMENTS IS NOT REPORTED IN THE FOUNDATION'S STATEMENT OF ACTIVITY. AS A RESULT, THE OMOHUNDRO FUNDS ARE NOT INCLUDED IN PART V OF SCHEDULE D. DISTRIBUTIONS IN THE AMOUNT OF $726,288 WERE MADE FROM THE OMOHUNDRO ENDOWMENTS TO THE OMOHUNDRO INSTITUTE DURING THE YEAR. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation, CEI, the 1693 Foundation and the Fund are nonstock corporations which have been determined by the Internal Revenue Service to be exempt from taxes on income derived from activities related to its exempt purpose under Section 501(c)(3) of the Internal Revenue Code. The REF is a stock corporation, wholly owned by the Foundation, which has been determined by the Internal Revenue Service to be exempt from taxes on income derived from activities related to its exempt purpose under Section 501(c)(2) of the Internal Revenue Code. Reliance is a limited liability company which is not disregarded for tax purposes, and therefore is subject to tax. CWMF Ventures, Foundation Services, 1693 Management and Brown Hall, LLC are disregarded entities for income tax purposes, and all activity is reported on the Foundation's tax return. ASC Topic 740, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in financial statements. ASC Topic 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing tax returns of the Foundation and its affiliated entities to determine whether the tax positions will "more-likely-than-not" be sustained by the applicable tax authority. As a result, tax positions not meeting the more-likely-than-not threshold would result in a current year expense or the absence of a benefit, as appropriate for the tax position. The Foundation has concluded that no provision for income tax is required in the Foundation's financial statements for the years ended June 30, 2021 and 2020. As of June 30, 2020, the Foundation had federal net operating losses available for carryforward in the amount of $3,456,855 as a result of unrelated business taxable income ("UBTI") resulting from investments in the Trust. UBTI is taxed at the prevailing corporate tax rate. Reliance had a net operating loss carryforward of $171,102 as of June 30, 2020. The loss carryforwards begin to expire in 2027. Due to the uncertainty about whether these losses will result in a tax asset, no tax asset is recorded in the financial statements. Net operating losses arising in tax years ending after December 31, 2017 have an indefinite carryforward period. Losses arising in earlier tax years have a carryforward period of twenty years. Losses arising in tax years beginning after December 31, 2017 are limited to 80% of taxable income in the year deducted. The filing deadline for the June 30, 2021 return is May 16, 2022. In addition to the fiscal year ended June 30, 2021, the years ended June 30, 2020, 2019, and 2018 are open for inspection by the taxing authorities. Central America and the Caribbean 0 0 Investments 55078844 East Asia and the Pacific 0 0 Investments 3746701 Europe (Including Iceland and Greenland) 0 0 Investments 7294241 North America (Canada & Mexico only) 0 0 Investments 119574 0 0 0 0 0 0 66239360 0 66239360 true false true true true false true THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 11179686 SCHOLARSHIPS THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 2313782 ADVANCEMENT FUNDING THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 2056721 ALUMNI HOUSE EXPANSION THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1894389 ATHLETIC COMPLEX THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1058993 INTERCOLLEGIATE ATHLETICS THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 628794 BUSCH TEAM FACILITY BUILDING THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 605259 INSTITUTE INTEGRATIVE CONSERVATION THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 490632 CAMP LAUNCH PROGRAM THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 370088 SOCCER/LACROSSE PRACTICE FIELDS THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 318646 ROY R CHARLES ENDOWMENT THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 311164 HUNTER J SMITH ENDOWMENT THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 304442 WENDY & EMERY REVES ENDOWMENT THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 301108 INTEGRATIVE WELLNESS CENTER THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 281181 NATL INST OF AMERICAN HISTORY & DEMOCRACY THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 229565 LAMBERSON ENDOWMENT THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 225490 PRESIDENT'S STRATEGIC INVESTMENT FUND THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 196705 REVELEY GARDEN & CAMPUS BEAUTIFICATION THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 173438 ZABLE STADIUM IMPROVEMENTS MURRAY 1693 SCHOLARS FOUNDATION PO BOX 8795 WILLIAMSBURG VA 231878795 464365190 501(C)(3) 98511 FOUNDATION ACTIVITIES WILLIAM & MARY ALUMNI ASSOCIATION PO BOX 8795 WILLIAMSBURG VA 231878795 546054289 501(C)(3) 149060 ACTIVITIES OF THE ALUMNI ASSN OMOHUNDRO INSTITUTE OF EARLY AMERICAN HISTORY & CULTURE PO BOX 8781 WILLIAMSBURG VA 231878781 541045628 501(C)(3) 10153 ACTIVITIES OF INSTITUTE THE COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENITY 7419105 OTHER ACTIVITIES OF UNIVERSITY 4 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SCHOLARSHIPS ARE AWARDED BY EITHER THE FINANCIAL AID OFFICE OR ACADEMIC DEPARTMENTS OF THE COLLEGE OF WILLIAM & MARY BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT AND OTHER SIMILAR STANDARDS. AT THE TIME OF DISBURSEMENT FOR SCHOLARSHIPS OR OTHER NEEDS, THE PURPOSE IS REVIEWED TO ENSURE IT IS IN COMPLIANCE WITH DONOR RESTRICTIONS, IF ANY. X true true false false false false false false false true false MATTHEW T LAMBERT CHIEF EXECUTIVE OFFICER 433726 0 0 0 0 0 21684 0 859 0 456269 0 0 0 AMY S SEBRING CHIEF FINANCIAL OFFICER AND TREASURER 326267 0 0 0 0 0 19307 0 983 0 346557 0 0 0 WILLIAM D COPAN JR ASSISTANT TREASURER 184671 0 0 0 0 0 4006 0 2566 0 191243 0 0 0 F BRIAN HIESTAND CHIEF INVESTMENT OFFICER 301388 0 259107 0 0 0 4967 0 1523 0 566985 0 0 0 CATHERINE MOUNTJOY DIRECTOR OF INVESTMENTS 211392 0 163909 0 0 0 13553 0 466 0 389320 0 0 0 KARYN A TANCREDI CONTROLLER 149061 0 0 0 0 0 25000 0 1290 0 175351 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel DURING THE FISCAL YEAR CERTAIN TRIPS FOR FUNDRAISING PURPOSES MAY OCCUR WHERE THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT AND OTHER FOUNDATION AND COLLEGE OF WILLIAM & MARY OFFICIALS USE CHARTER AIR TRAVEL TO SAVE TIME OR IT IS COST EFFICIENT FOR THE GROUP OF INDIVIDUALS TRAVELLING. THE VICE PRESIDENT FOR ADVANCEMENT IS AN OFFICER OF THE FOUNDATION. ANY CHARTER TRAVEL FOR THESE PURPOSES IS IN CONNECTION WITH HIS OFFICIAL DUTIES AS AN OFFICER OF THE FOUNDATION. IN ACCORDANCE WITH FOUNDATION POLICIES, THE USE OF CHARTER TRAVEL IS APPROVED IN ADVANCE BY THE TREASURER (OR OTHER RESPONSIBLE OFFICER) OF THE FOUNDATION IF DETERMINED TO BE A NECESSARY BUSINESS EXPENSE. Schedule J, Part I, Line 7 Non-fixed payments Brian Hiestand and Catherine Mountjoy received bonuses approved by the management company board. Bonuses are based on return of the Fund and other factors. Schedule J, Part II THE INDIVIDUALS LISTED IN PART II ARE EMPLOYEES OF THE COLLEGE OF WILLIAM & MARY. THE WILLIAM & MARY FOUNDATION AND THE COLLEGE OF WILLIAM & MARY ARE NOT RELATED ENTITIES. THE EMPLOYEE COMPENSATION IN PART II IS 100% PAID BY THE COLLEGE OF WILLIAM & MARY. ADDITIONAL INFORMATION REGARDING COMPENSATION, ETC. IS REPORTED IN SCHEDULE O. A ECONOMIC DEVELOPMENT AUTHORITY OF JAMES CITY COUNTY VIRGINIA 541139263 000000000 2011-12-20 8090000 REFUND PRIOR TAX-EXEMPT BOND ISSUED 12/31/2006 false false false A 0 0 8090000 0 0 0 0 0 0 0 8090000 0 true false true true A false false false false 0.0 0.0 0.0 false false true A false false true false true false false false true A true Schedule K, Part II, Line 13 SCHEDULE K, SUPPLEMENTAL INFORMATION: THE BOND ISSUED ON 12/20/2011 REFUNDED ON A CURRENT BASIS A PRIOR BOND ISSUED ON 12/21/2006, THE PROCEEDS OF WHICH WERE USED TO FINANCE A PROJECT SUBSTANTIALLY COMPLETED IN 2008. X 114 6593540 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - COLUMN B REFERS TO THE NUMBER OF CONTRIBUTORS. PUBLISHED FAIR VALUE ON THE DATE OF THE CONTRIBUTION IS USED TO DETERMINE VALUE. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $)(Revenue $ 915,889) RENT REVENUE Form 990, Part VI, Line 1a Material differences in voting rights THE GOVERNING DOCUMENTS OF THE FOUNDATION AUTHORIZE THE EXECUTIVE COMMITTEE TO EXERCISE THE FULL POWER AND AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE TRUSTEES EXCEPT TO THE EXTENT LIMITED BY THE ARTICLES OF INCORPORATION, THE BYLAWS AND THE LAWS OF THE COMMONWEALTH OF VIRGINIA. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRPERSON AND VICE CHAIRPERSONS OF THE BOARD, SECRETARY, TREASURER, CHAIRPERSON OF EACH COMMITTEE, THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD, AND AT LARGE TRUSTEES OF THE BOARD. ALL EXECUTIVE COMMITTEE MEMBERS ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Through 12/31/2021, THE VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION, THE MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION, AND THE WILLIAM AND MARY BUSINESS SCHOOL FOUNDATION EACH APPOINT ONE EX OFFICIO VOTING MEMBER OF THE WILLIAM & MARY FOUNDATION'S BOARD OF TRUSTEES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FOUNDATION PROVIDED A COPY OF FORM 990 TO THE GOVERNING BODY BEFORE IT WAS FILED. PRIOR TO FILING FORM 990, THE FOUNDATION'S CONTROLLER, ASSISTANT TREASURER AND THE COLLEGE OF WILLIAM & MARY'S VICE PRESIDENT FOR FINANCE (A NON-VOTING EX OFFICIO MEMBER OF THE BOARD TRUSTEES) REVIEW A DRAFT OF THE FORM. THE CONTROLLER AND ASSISTANT TREASURER REVIEW THE FINAL VERSION PRIOR TO SIGNING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL DISCLOSURES ARE REVIEWED FOR POSSIBLE CONFLICTS, WHICH ARE ADDRESSED IN THE MANNER OUTLINED IN THE CONFLICT OF INTEREST POLICY. MATTERS RAISED EITHER PRIOR TO OR DURING A MEETING OF THE BOARD OR ANY COMMITTEE ARE ADDRESSED AT THAT TIME. THE POLICY COVERS BOARD MEMBERS AND KEY STAFF MEMBERS. VOTING BOARD MEMBERS ARE RESTRICTED FROM VOTING ON MATTERS IN WHICH THEY MAY HAVE A CONFLICT, AND ARE EXCUSED FROM MEETINGS WHEN A VOTE IS TAKEN. DETERMINATION OF WHETHER A CONFLICT EXISTS IS MADE AT THE COMMITTEE OR BOARD LEVEL, BASED ON AUTHORITY TO TAKE ACTION. Form 990, Part VI, Line 19 Required documents available to the public THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION AND ITS RELATED ENTITIES ARE MADE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE GENERALLY NOT AVAILABLE TO THE PUBLIC. Form 990, Part VII, Section A, Line 2 THE RESPONSE TO QUESTION 2 REPORTS THE NUMBER OF STAFF IDENTIFIED WHO HAVE REPORTABLE COMPENSATION AND PERFORM SERVICES FOR THE FOUNDATION. NONE OF THE STAFF ARE EMPLOYEES OF THE FOUNDATION. THEY ARE EMPLOYEES OF THE COLLEGE OF WILLIAM & MARY. THE UNIVERSITY IS REIMBURSED FOR THE COMPENSATION OF UNIVERSITY EMPLOYEES WHO PERFORM SERVICES EXCLUSIVELY FOR THE FOUNDATION. THEIR COMPENSATION IS REPORTED IN COLUMN E (RELATED ORGANIZATIONS) RECOGNIZING THEIR EMPLOYER IS NOT THE FOUNDATION. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 47697, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 47697; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTERESTS - 1164296; CHANGE IN VALUE OF LIFE INSURANCE SURRENDER VALUE - 54897; Asset transfer from related organization - 1660482; SCHEDULE J, PART II F. BRIAN HIESTAND, CATHERINE MOUNTJOY, AND WILLIAM D. COPAN, JR. ARE LEGAL EMPLOYEES OF THE COLLEGE OF WILLIAM & MARY (UNIVERSITY). THE UNIVERSITY IS NOT RELATED TO THE WILLIAM & MARY FOUNDATION (FOUNDATION) AS IT MEETS NONE OF THE DEFINITIONS OF RELATIONSHIPS OUTLINED IN THE INSTRUCTIONS TO THE 2020 FORM 990. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR ALL COMPENSATION COSTS, THEN IS ITSELF REIMBURSED BY THE 1693 PARTNERS FUND FOR ALL OR A PORTION OF THE COMPENSATION FOR THESE THREE INDIVIDUALS. THE FOUNDATION HELD APPROXIMATELY AN 84% INTEREST IN 1693 PARTNERS FUND. PART VI, SECTION A, LINE 1 THE GOVERNING DOCUMENTS OF THE FOUNDATION AUTHORIZE THE EXECUTIVE COMMITTEE TO EXERCISE THE FULL POWER AND AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE TRUSTEES EXCEPT TO THE EXTENT LIMITED BY THE ARTICLES OF INCORPORATION, THE BYLAWS AND THE LAWS OF THE COMMONWEALTH OF VIRGINIA. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRPERSON AND VICE CHAIRPERSONS OF THE BOARD, SECRETARY, TREASURER, CHAIRPERSON OF EACH COMMITTEE, THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD, AND AT LARGE TRUSTEES OF THE BOARD. ALL EXECUTIVE COMMITTEE MEMBERS ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES. PART VI, SECTION B, LINE 15; AND PART V, LINE 1B THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES OF RECORD. ALL WORK IS PERFORMED BY EMPLOYEES OF THE COLLEGE OF WILLIAM & MARY. THE ORGANIZATION MAY THEN REIMBURSE THE UNIVERSITY FOR ALL OR PART OF SALARY AND BENEFIT COSTS. THE SALARIES IN LINE 7 OF PART IX REFLECT COSTS FOR STAFF WHO PERFORM DUTIES RELATING TO FOUNDATION OPERATIONS. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE. COMPENSATION LISTED FOR THE ASSISTANT TREASURER REPRESENTS PAY AS A KEY EMPLOYEE. COMPENSATION LISTED FOR THE CONTROLLER REPRESENTS PAY AS A KEY EMPLOYEE. COMPENSATION FOR THE CHIEF INVESTMENT OFFICER IS DETERMINED IN PART BY THE BOARD OF MANAGERS OF THE 1693 MANAGEMENT CO, LLC, A SINGLE-MEMBER LLC OF THE FOUNDATION, WHICH CONSIDERED A SURVEY OF COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. GENERAL SECTION 351 The William and Mary Investment Trust ("the Trust"), a group grantor trust under Virginia law, was established July 1, 2004 and provided a platform for tax-exempt organizations affiliated with the University (each a "Grantor" and collectively the "Grantors") to invest their endowment assets prior to the organization of the 1693 Partners Fund ("the Fund"). Each Grantor to the Trust owned an interest proportional to the value of the assets transferred to the Trust, which was increased or decreased with subsequent contributions or distributions. Effective December 31, 2020, William & Mary Foundation, trustee of the Trust, adopted the Plan of Dissolution, Grantor Account Termination and Complete Liquidation (the "Plan"). The Plan undertook the request of the Grantors to terminate their grantor accounts by contributing the net assets of the Trust to the Fund. Pursuant to the terms of the Agreements and the Assignment and Contribution Agreement between the Fund and the Trust, the Members agreed to deposit, without limitation, their interests in the assets of the Trust to the Fund. CWMF VENTURES LLC 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 208014108 CONSTRUCT AND OWN A 3-STORY OFFICE BUILDING VA 727273 7025299 WILLIAM & MARY FOUNDATION FOUNDATION SERVICES LLC 5300 Discovery Park Boulevard WILLIAMSBURG VA 231882695 352687031 SUPPORT THE WILLIAM & MARY FOUNDATION VA 28934 138064 WILLIAM & MARY FOUNDATION 1693 MANAGEMENT COMPANY LLC 5300 Discovery Park Boulevard WILLIAMSBURG VA 231882695 843512679 MANAGEMENT OF 1693 PARTNERS FUND VA 1242684 2075392 WILLIAM & MARY FOUNDATION BROWN HALL LLC 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 OWN RESIDENCE HALL VA 158145 37199 WILLIAM & MARY FOUNDATION COLLEGE ENTERPRISES INC 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 541838292 OWN AND OPERATE THE TELECOM EQUIPMENT OF THE COLLEGE OF WILLIAM & MARY VA 501(c)(3) WILLIAM & MARY FOUNDATION true MURRAY 1693 SCHOLARS FOUNDATION PO BOX 8795 WILLIAMSBURG VA 231878795 464365190 SUPPORT OF WILLIAM &MARY 1693 SCHOLARS PROGRAM VA 501(c)(3) WILLIAM & MARY FOUNDATION true THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 541720019 HOLD TITLE TO REAL ESTATE PROPERTY AND COLLECT INCOME THEREFROM VA 501(c)(2) WILLIAM & MARY FOUNDATION true 1693 PARTNERS FUND 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 843505125 INVESTMENT OF ENDOWMENT VA 501(c)(3) Type I WILLIAM & MARY FOUNDATION true THE WILLIAM AND MARY INVESTMENT TRUST PO BOX 8795 WILLIAMSBURG VA 231878795 556166416 INVESTMENTS VA WILLIAM & MARY FOUNDATION Trust 130744232 84732 0.839 true RELIANCE HOLDINGS LLC INVESTMENTS ADMINISTRATION 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 541995402 HOLD MEMBERSHIP INTEREST IN NEW TOWN ASSOCIATES LLC VA THE COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION C Corporation -513 -4421 0.01 false false true false true false false false false false false false false false false false false true true true THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION D 632859 ACTUAL AMOUNT MURRAY 1693 SCHOLARS FOUNDATION B 98511 ACTUAL AMOUNT 1693 Partners Fund Q 1242684 Actual Amount 1693 Partners Fund R 7752600 Actual Amount 1693 Partners Fund S 13431391 FMV