2025-05-15T15:16:30-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2023-07-01 540169627 UNIVERSITY OF MARY WASHINGTON FOUNDATION UNIV 5406542054 1125 EMANCIPATION HIGHWAY 200 FREDERICKSBURG VA 22401 KATIE TURCOTTE EXECUTIVE DIRECTOR 5406542054 2025-05-15 1 1 MELANIE MCPEAK P01346034 8046735700 2023 2025-03-06 01:10:19Z KATIE TURCOTTE 1125 EMANCIPATION HIGHWAY 200 FREDERICKSBURG VA 22401 119562250 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. 30 30 4 30 48318 0 41531624 6575861 746876 825547 1740576 22999111 -1400069 -1496969 42619007 28903550 3944840 4470460 0 0 1138735 1293736 0 0 386644 2104664 2819891 7188239 8584087 35430768 20319463 135496119 133326315 26636673 12608904 108859446 120717411 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 5381950 4470460 825547 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. 5381950 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 96 0 1 4 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X SHANNON WILLIAMS 5406542053 1125 EMANCIPATION HWY STE 200 FREDERICKSBURG VA 22401 ROBERT BARRY ESQ CHAIR 0.30 0.00 X X 0 0 0 PATRICIA KEMP VICE-CHAIR 0.10 0.00 X X 0 0 0 ANN STEEN SECRETARY 0.30 0.00 X X 0 0 0 SUE BRIDI TREASURER 0.30 0.00 X X 0 0 0 EDWARD ALLISON JR IMMEDIATE PAST CHAIR 0.10 0.00 X X 0 0 0 KATIE TURCOTTE EXECUTIVE DIRECTOR 6.00 0.00 X 0 0 0 ABAS ADENAN DIRECTOR 0.10 0.00 X 0 0 0 ROSS BIERKAN DIRECTOR 0.10 0.00 X 0 0 0 JOHN BOWMAN DIRECTOR 0.10 0.00 X 0 0 0 MIKHAEL CHARNOFF DIRECTOR 0.10 0.00 X 0 0 0 DAN CLENDENIN DIRECTOR 0.10 0.00 X 0 0 0 DEVON CUSHMAN DIRECTOR 0.10 0.00 X 0 0 0 JANEL DONOHUE DIRECTOR 0.10 0.00 X 0 0 0 DORI EGLEVSKY DIRECTOR 0.10 0.00 X 0 0 0 CRAIG ERWIN DIRECTOR 0.10 0.00 X 0 0 0 JUSTIN GERBEREUX DIRECTOR 0.10 0.00 X 0 0 0 DONNA GLADIS DIRECTOR 0.10 0.00 X 0 0 0 MICHAEL JOHNSON DIRECTOR 0.10 0.00 X 0 0 0 LOUIS MARMO DIRECTOR 0.10 0.00 X 0 0 0 JUDGE KERWIN MILLER SR DIRECTOR 0.10 0.00 X 0 0 0 DON NEWLIN DIRECTOR 0.10 0.00 X 0 0 0 DR TROY PAINO DIRECTOR 0.10 0.00 X 0 0 0 VICKI RAVENEL DIRECTOR 0.10 0.00 X 0 0 0 JAMES REVERE DIRECTOR 0.10 0.00 X 0 0 0 XAVIER RICHARDSON DIRECTOR 0.10 0.00 X 0 0 0 SARAH STRASSHEIM DIRECTOR 0.10 0.00 X 0 0 0 LESLIE TILGHMAN DIRECTOR 0.10 0.00 X 0 0 0 KOURTNEY WHITEHEAD DIRECTOR 0.10 0.00 X 0 0 0 ROB WHITT III DIRECTOR 0.10 0.00 X 0 0 0 VICKY WILDER DIRECTOR 0.10 0.00 X 0 0 0 JEFF W ROUNTREE CEO 65.00 0.00 X 268252 0 32142 GREGORY A BRANNER CFO/TREASURER TO 10/2023 60.00 0.00 X 142312 0 30636 SHANNON WILLIAMS CONTROLLER 55.00 0.00 X 113734 0 9575 524298 0 72353 3 0 1 0 S H FAHRENHEIT ADVISORS LLC 271 17TH ST NW SUITE 2100 ATLANTA GA 30363 OUTSOURCED CFO 251692 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 CATERING 213117 ARTEMIS WEALTH ADVISORS LLC 168 5TH AVENUE NEW YORK NY 10010 INVESTMENT CONSULTING 163869 ENTERPRISE SCREEN COMMUNICATIONS INC 1301 N SUMMIT ST TOLEDO OH 43604 VIDEO RECORDING SERVICES & EQUIPMENT 127185 4 6575861 286365 6575861 UNIVERSITY RENTAL INCOME 532000 825547 825547 825547 2349520 34490 2315030 820010 2621240 -1801230 -1801230 -1801230 94118613 14568438 76537927 11499533 17580686 3068905 20649591 20649591 HOTEL 721110 13828 13828 290433 290433 304261 28903550 825547 48318 21453824 4470460 4470460 451897 451897 672357 456008 216349 74258 74258 57223 21218 36005 38001 38001 63491 63491 614530 614530 1136982 1136982 81977 81977 57591 57591 1000 1000 19742 19742 43957 43957 13485 13485 95395 95395 101456 86269 15187 178833 150881 27952 411452 98437 313015 8584087 5381950 2815493 386644 3718266 1002396 10875732 13768376 24953801 24786846 594229 380521 75000 75000 204171 97902 19173101 1508418 29278477 17664683 50163829 55680557 14897142 19199549 90821 0 644651 670485 135496119 133326315 784385 618121 24114 0 1575485 1500421 22418129 8553214 1834560 1937148 26636673 12608904 X -5570042 -4786255 114429488 125503666 108859446 120717411 135496119 133326315 X 20319463 -8524639 63141 X 0 1 X 1 0 X 7859927 5723783 8289492 41531624 6575861 69980687 1491893 1352746 967517 1253283 1510301 6575740 9351820 7076529 9257009 42784907 8086162 76556427 37478693 39077734 3293936 3289501 4143331 3090207 3135040 16952015 31070 18858 24719 19390 33086 127123 50074 90152 180733 186456 290433 797848 94433413 15351899 0.41380 0.41960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 20.00 0 0 0 0 77600450 4343716 9184502 2095495 89033173 60429775 14075610 5165322 2070257 77600450 69460911 2063233 -9337619 1756750 60429775 58837581 3046952 9166576 1590198 69460911 55478737 2294132 2781566 1716854 58837581 0.00000 1.00000 0.00000 0 0 15770059 427491 16197550 2779086 1373203 1405883 107541 69016 38525 88924 66199 22725 17664683 HEDGE FUNDS 1458042 F PRIVATE EQUITY FUNDS 10605598 F REAL ASSET FUNDS 4707408 F OTHER SECURITIES 2428501 F 19199549 GIFT ANNUITY LIABILITY 328212 OTHER LIABILITIES 72298 DUE TO UNIVERSITY OF MARY WASHINGTON 1536638 1937148 X 20815857 -8524639 1510301 63141 -6951197 27767054 1136982 -486 1136496 28903550 8957892 1510301 486 1510787 7447105 1136982 1136982 8584087 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 37,307. CHANGE IN CSV LIFE INSURANCE 25,834. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON RETURN -486. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON RETURN 486. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7670404 0 0 0 0 0 0 7670404 0 7670404 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. 1 UNIVERSITY OF MARY WASHINGTON 1301 COLLEGE AVENUE FREDERICKSBURG VA 22401 546001757 170(B)(1)(A)(V) 4081200 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 X 0 1 0 0 0 0 0 0 0 JEFF W ROUNTREE CEO 268252 0 0 0 0 0 18811 0 13331 0 300394 0 0 0 GREGORY A BRANNER CFO/TREASURER TO 10/2023 142312 0 0 0 0 0 10296 0 20340 0 172948 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 6/30/2024, 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 935000 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 2 31950 APPRAISAL X 39 254415 FMV 2 0 1 1 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: AN ART AUCTION HOUSE IS USED IF ART IS TO BE SOLD, RATHER THAN HELD AS PART OF THE COLLECTION. AN INVESTMENT BROKER IS USED 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 MADE 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 37,307. CHANGE IN CSV LIFE INSURANCE 25,834. 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