UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION (EIN 54-6046419)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-05-16
IRS object ID: 202231369349308638
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-16T13:10:11-05:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BDO USA LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	8401 GREENSBORO DRIVE 800	AddressLine1Txt
City	MCLEAN	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22102	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	546046419	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	University Of Virginia Darden School	BusinessNameLine1Txt
Business Name Line2	Foundation	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
In Care Of	% HEATHER L ENOS	InCareOfNm
Business Name Control	UNIV	BusinessNameControlTxt
Phone	4349244841	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 7263	AddressLine1Txt
City	Charlottesville	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22906	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	HEATHER L ENOS	PersonNm
Person Title	CFO, TREASURER & SVP	PersonTitleTxt
Phone	4349247228	PhoneNum
Signature	2022-05-16	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	HEATHER L	PersonFirstNm
Person Last	ENOS	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Marc Berger	PreparerPersonNm
PTIN	P01871563	PTIN
Phone	7038930600	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MICHAEL J WOODFOLK	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 7263	AddressLine1Txt
City	Charlottesville	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22906	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$167,170,490	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.darden.virginia.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1952	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O	ActivityOrMissionDesc
Voting Members Governing Body	57	VotingMembersGoverningBodyCnt
Voting Members Independent	55	VotingMembersIndependentCnt
Total Employee	90	TotalEmployeeCnt
Total Volunteers	1200	TotalVolunteersCnt
Total Gross UBI	$141,430	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$26,615,664	PYContributionsGrantsAmt
CY Contributions Grants	$34,839,249	CYContributionsGrantsAmt
PY Program Service Revenue	$25,861,080	PYProgramServiceRevenueAmt
CY Program Service Revenue	$19,587,862	CYProgramServiceRevenueAmt
PY Investment Income	$23,048,605	PYInvestmentIncomeAmt
CY Investment Income	$25,896,911	CYInvestmentIncomeAmt
PY Other Revenue	$108,742	PYOtherRevenueAmt
CY Other Revenue	$104,683	CYOtherRevenueAmt
PY Total Revenue	$75,634,091	PYTotalRevenueAmt
CY Total Revenue	$80,428,705	CYTotalRevenueAmt
PY Grants And Similar Paid	$24,086,840	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$23,393,168	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$17,455,864	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$11,894,998	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$161,006	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$3,393,485	CYTotalFundraisingExpenseAmt
PY Other Expenses	$19,695,496	PYOtherExpensesAmt
CY Other Expenses	$14,762,952	CYOtherExpensesAmt
PY Total Expenses	$61,399,206	PYTotalExpensesAmt
CY Total Expenses	$50,051,118	CYTotalExpensesAmt
PY Revenues Less Expenses	$14,234,885	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$30,377,587	CYRevenuesLessExpensesAmt
Total Assets BOY	$510,801,836	TotalAssetsBOYAmt
Total Assets EOY	$664,692,543	TotalAssetsEOYAmt
Total Liabilities BOY	$19,797,073	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$25,740,522	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$491,004,763	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$638,952,021	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	SEE SCHEDULE O	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$43,517,363	ExpenseAmt
Grant	$23,393,168	GrantAmt
Revenue	$19,587,862	RevenueAmt
Desc	THE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE EXCLUSIVE BENEFIT OF THE DARDEN SCHOOL, OPERATES TOP-RANKED EXECUTIVE EDUCATION PROGRAMS, MANAGES HOSPITALITY SERVICES AT THE SCHOOL'S GOODWIN FAMILY GROUNDS AND SANDS FAMILY GROUNDS LOCATIONS, AND PROMOTES PHILANTHROPIC LIFE-LONG SUPPORT OF THE SCHOOL BY ALUMNI, FRIENDS AND CORPORATIONS.	Desc
Total Program Service Expenses	$43,517,363	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	166	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	90	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	Yes (true)	Form8282PropertyDisposedOfInd
Form8282 Filed	1	Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	57	GoverningBodyVotingMembersCnt
Independent Voting Member	55	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	AR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	HI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	UT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WV	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WI	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	HEATHER L ENOS	PersonNm
Phone	4349244841	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 DARDEN BLVD	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22903	ZIPCd

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (69 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Key EmployeeKeyEmployeeInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
ASHLEY M WILLIAMS
CEO, EXECUTIVE EDUCATION	50.0	0.0	Yes (X)	$396,010	$0	$50,156
MICHAEL J WOODFOLK
PRESIDENT	50.0	0.0		$301,264	$0	$35,172	Yes (X)
KARA RAMIREZ MULLINS
VP OF ADVANCE. (THRU 9/25/20)	50.0	0.0	Yes (X)	$261,086	$0	$40,112
LAURENCE P MURPHY
PRESIDENT & COO, EXECUTIVE EDU	50.0	0.0		$233,655	$0	$50,609		Yes (X)
SAMANTHA G HARTOG
INTERIM VP OF ADVANCEMENT	50.0	0.0		$217,952	$0	$26,481		Yes (X)
W CARTER HOERR
SR ADVISOR & CAMPAIGN DIR.	50.0	0.0		$176,271	$0	$39,649		Yes (X)
WILLIAM S ROBINSON
EXECUTIVE DIRECTOR, PLE	50.0	0.0		$184,437	$0	$24,598		Yes (X)
MARC L RUGGIANO
EXECUTIVE DIRECTOR, EE	50.0	0.0		$162,136	$0	$42,192		Yes (X)
HEATHER L ENOS
CFO, Treasurer, SVP of PRES.	50.0	0.0		$171,961	$0	$22,942	Yes (X)
JEANNE M LIEDTKA
EX-OFFICIO TRUSTEE	1.0	0.0		$37,667	$0	$0			Yes (X)
YAEL GRUSHKA-COCKAYNE
EX-OFFICIO TRUSTEE	1.0	0.0		$32,160	$0	$0			Yes (X)
ROBERT J HUGIN
CHAIR	1.0	0.0		$0	$0	$0	Yes (X)		Yes (X)
ELIZABETH K WEYMOUTH
IMMEDIATE PAST CHAIR	1.0	0.0		$0	$0	$0	Yes (X)		Yes (X)
MARTINA T HUND-MEJEAN
VICE CHAIR	1.0	0.0		$0	$0	$0	Yes (X)		Yes (X)
KIRBY C ADAMS
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
JOHN A BUGAS
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
WESLEY G BUSH
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
H William COOGAN JR
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
JAMES A COOPER
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
CHARLES R CORY
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ROBERT G DOUMAR JR
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
FRANKLIN S EDMONDS JR
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
KAREN K EDWARDS
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ARNOLD B EVANS
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
JOHN D FOWLER JR
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
CATHERINE J FRIEDMAN
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
JOHN W GLYNN JR
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
KIRSTI W GOODWIN
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
PETER M GRANT II
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ROBERT L HUFFINES
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
DAVID B KELSO
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ROSEMARY B KING
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
MARK J KINGTON
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
LEMUEL E LEWIS
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ELIZABETH H LYNCH
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
RICHARD A MAYO
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
SACHIN J MEHRA
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
CAROLYN S MILES
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
DONALD E MOREL JR
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
J BYRNE MURPHY
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ADAIR NEWHALL
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
MICHAEL E O'NEILL
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
G RUFFNER PAGE JR
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ZHIYUAN PENG
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
FRANK M SANDS Jr
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
HENRY F SKELSEY
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ERIK A SLINGERLAND
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ROBERT W SMITH
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
SHANNON G SMITH
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
MARK J STYSLINGER
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
BRUCE R THOMPSON
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
LOWELL S UKROP
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
WILLIAM P UTT
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
STEVEN C VOORHEES
TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
SCOTT C BEARDSLEY
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
RICHARD C EDMUNDS
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
WARREN F ESTEY
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
MICHELLE B HORN
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
NARESH KUMRA
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
NICOLE M LINDSAY
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
PAUL G MAHONEY
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
PATRICK A O'SHEA
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
ALEX R PICOU
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
C EVANS POSTON
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
JOAQUIN RODRIGUEZ TORRES
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
JAMES E RYAN
EX-OFFICIO TRUSTEE	1.0	0.0		$0	$0	$0			Yes (X)
Frank M Sands Sr Deceased
Trustee	1.0	0.0		$0	$0	$0			Yes (X)
JONATHAN MARINER
EX-OFFICIO (THRU 12/20/20)	1.0	0.0		$0	$0	$0			Yes (X)
JOHN JEFFRIES JR
EX-OFFICIO (THRU 12/31/20)	1.0	0.0		$0	$0	$0			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,174,599	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$331,911	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	33	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
UNIV OF VA INVESTMENT MANAGEMENT C
PO Box 400215	CHARLOTTESVILLE	VA	22906	Investment Mgmt.	$859,371
GIBSON DUNN CRUTCHER LLP
PO BOX 840723	LOS ANGELES	CA	90084	LEGAL SERVICES	$320,073
FLIK INTERNATIONAL CORPORATION
2400 YORKMONT ROAD	CHARLOTTE	NC	28217	MANAGEMENT FEES	$320,065
MARTIN N DAVIDSON
PO BOX 5101	CHARLOTTESVILLE	VA	22905	TEACHING SERVICES	$218,250
STEPHEN MICHAEL VARDELL
568 PARK CROSSING STREET	DANIEL ISLAND	SC	29492	PROJECT MANAGEMENT	$194,625

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	9	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,902,600	GovernmentGrantsAmt
All Other Contributions	$32,936,649	AllOtherContributionsAmt
Noncash Contributions	$3,670,307	NoncashContributionsAmt
Total Contributions	$34,839,249	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	EXECUTIVE EDUCATION	Desc
Business	721110	BusinessCd
Total Revenue Column	$19,587,862	TotalRevenueColumnAmt
Related Or Exempt Func Income	$19,472,432	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$115,430	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$19,587,862	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$236,958	TotalRevenueColumnAmt
Exclusion	$236,958	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$112,401,738	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$86,741,785	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$25,659,953	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,659,953	TotalRevenueColumnAmt
Exclusion	$25,659,953	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Fundraising Direct Expenses	$0	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gaming Gross Income	$0	GamingGrossIncomeAmt
Gaming Direct Expenses	$0	GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$0	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$0	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
PARKING REVENUE	900099	$77,328	$77,328
ADVERTISING REVENUE	900099	$26,000		$26,000
OTHER INCOME	900099	$1,355	$1,355

Field	Value	IRS element (for citing)
Other Revenue Total	$104,683	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$80,428,705	TotalRevenueColumnAmt
Related Or Exempt Func Income	$19,551,115	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$141,430	UnrelatedBusinessRevenueAmt
Exclusion	$25,896,911	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$23,393,168	TotalAmt
Program Services	$23,393,168	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,283,244	TotalAmt
Program Services	$555,393	ProgramServicesAmt
Management And General	$638,452	ManagementAndGeneralAmt
Fundraising	$89,399	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$8,338,428	TotalAmt
Program Services	$5,903,756	ProgramServicesAmt
Management And General	$798,279	ManagementAndGeneralAmt
Fundraising	$1,636,393	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$679,710	TotalAmt
Program Services	$448,022	ProgramServicesAmt
Management And General	$66,471	ManagementAndGeneralAmt
Fundraising	$165,217	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$649,330	TotalAmt
Program Services	$359,320	ProgramServicesAmt
Management And General	$97,850	ManagementAndGeneralAmt
Fundraising	$192,160	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$944,286	TotalAmt
Program Services	$760,328	ProgramServicesAmt
Management And General	$63,834	ManagementAndGeneralAmt
Fundraising	$120,124	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$310,801	TotalAmt
Program Services	$310,801	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$61,710	TotalAmt
Program Services	$21,228	ProgramServicesAmt
Management And General	$40,482	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$93,200	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$93,200	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Fundraising	$0	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$697,715	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$697,715	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$4,172,286	TotalAmt
Program Services	$3,969,214	ProgramServicesAmt
Management And General	$163,224	ManagementAndGeneralAmt
Fundraising	$39,848	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$760,342	TotalAmt
Program Services	$657,321	ProgramServicesAmt
Management And General	$9,370	ManagementAndGeneralAmt
Fundraising	$93,651	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,079,496	TotalAmt
Program Services	$1,074,697	ProgramServicesAmt
Management And General	$4,135	ManagementAndGeneralAmt
Fundraising	$664	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$508,777	TotalAmt
Program Services	$358,748	ProgramServicesAmt
Management And General	$148,432	ManagementAndGeneralAmt
Fundraising	$1,597	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$70,760	TotalAmt
Program Services	$70,760	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,771,180	TotalAmt
Program Services	$2,695,432	ProgramServicesAmt
Management And General	$66,630	ManagementAndGeneralAmt
Fundraising	$9,118	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,347,929	TotalAmt
Program Services	$1,241,692	ProgramServicesAmt
Management And General	$83,084	ManagementAndGeneralAmt
Fundraising	$23,153	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$84,387	TotalAmt
Program Services	$78,109	ProgramServicesAmt
Management And General	$6,278	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$757,330	TotalAmt
Program Services	$721,038	ProgramServicesAmt
Management And General	$15,451	ManagementAndGeneralAmt
Fundraising	$20,841	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$129,344	TotalAmt
Program Services	$81,487	ProgramServicesAmt
Management And General	$47,857	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
BAD DEBT EXPENSE(RECOVERY)	$995,775	$64,198	$15,478	$916,099
MISCELLANEOUS EXPENSE	$623,894	$454,625	$84,048	$85,221
COGS	$297,979	$297,979
USE/FOREIGN TAX	$47	$47

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$50,051,118	TotalAmt
Program Services	$43,517,363	ProgramServicesAmt
Management And General	$3,140,270	ManagementAndGeneralAmt
Fundraising	$3,393,485	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$18,123,679	BOYAmt
EOY	$24,463,217	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$57,103,744	BOYAmt
EOY	$45,190,093	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,610,507	BOYAmt
EOY	$3,265,807	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,560,030	BOYAmt
EOY	$1,705,544	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$36,203,802	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$4,090,729	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$14,073,096	BOYAmt
EOY	$32,113,073	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$49,194,124	BOYAmt
EOY	$57,160,999	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$320,239,527	BOYAmt
EOY	$464,492,164	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$48,897,129	BOYAmt
EOY	$36,301,646	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$510,801,836	BOYAmt
EOY	$664,692,543	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,619,273	BOYAmt
EOY	$7,107,157	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$1,577,487	BOYAmt
EOY	$1,327,326	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$4,782,600	BOYAmt
EOY	$7,802,455	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$3,000,000	BOYAmt
EOY	$3,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$6,817,713	BOYAmt
EOY	$6,503,584	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$19,797,073	BOYAmt
EOY	$25,740,522	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$80,032,584	BOYAmt
EOY	$66,115,327	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$410,972,179	BOYAmt
EOY	$572,836,694	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$491,004,763	BOYAmt
EOY	$638,952,021	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$510,801,836	BOYAmt
EOY	$664,692,543	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$30,377,587	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$139,147,448	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$21,577,777	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,158,756	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$12,613,296	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$75,187,093	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$26,615,664	CurrentTaxYearMinus1YearAmt
Current Tax Year	$34,839,249	CurrentTaxYearAmt
Total	$171,414,058	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,158,756	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$12,613,296	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$75,187,093	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$26,615,664	CurrentTaxYearMinus1YearAmt
Current Tax Year	$34,839,249	CurrentTaxYearAmt
Total	$171,414,058	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$64,756,125	SubstantialContributorsTotAmt
Public Support Total170	$106,657,933	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$638,547	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$801,140	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$927,960	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$664,462	CurrentTaxYearMinus1YearAmt
Current Tax Year	$236,958	CurrentTaxYearAmt
Total	$3,269,067	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$84,199	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$58,429	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$84,646	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$92,492	CurrentTaxYearMinus1YearAmt
Current Tax Year	$78,683	CurrentTaxYearAmt
Total	$398,449	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$175,081,574	TotalSupportAmt
Gross Receipts Rltd Activities	$122,634,186	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.60919	PublicSupportCY170Pct
Public Support PY170	0.55249	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$415,386,731	BeginningYearBalanceAmt
Contributions	$18,048,648	ContributionsAmt
Investment Earnings Or Losses	$163,942,942	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$25,159,998	GrantsOrScholarshipsAmt
Administrative Expenses	$697,715	AdministrativeExpensesAmt
End Year Balance	$571,520,608	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$407,018,514	BeginningYearBalanceAmt
Contributions	$18,260,749	ContributionsAmt
Investment Earnings Or Losses	$16,251,916	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$25,486,793	GrantsOrScholarshipsAmt
Administrative Expenses	$657,655	AdministrativeExpensesAmt
End Year Balance	$415,386,731	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$344,805,199	BeginningYearBalanceAmt
Contributions	$64,917,093	ContributionsAmt
Investment Earnings Or Losses	$17,947,567	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$19,966,097	GrantsOrScholarshipsAmt
Administrative Expenses	$685,248	AdministrativeExpensesAmt
End Year Balance	$407,018,514	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$321,085,364	BeginningYearBalanceAmt
Contributions	$9,167,290	ContributionsAmt
Investment Earnings Or Losses	$34,720,982	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$19,729,253	GrantsOrScholarshipsAmt
Administrative Expenses	$439,184	AdministrativeExpensesAmt
End Year Balance	$344,805,199	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$296,154,275	BeginningYearBalanceAmt
Contributions	$6,291,123	ContributionsAmt
Investment Earnings Or Losses	$34,709,808	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$15,353,072	GrantsOrScholarshipsAmt
Administrative Expenses	$716,770	AdministrativeExpensesAmt
End Year Balance	$321,085,364	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.11490	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.39470	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.49040	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd
Land		LandGrp
Buildings		BuildingsGrp

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,350,910	OtherCostOrOtherBasisAmt
Depreciation	$1,949,415	DepreciationAmt
Book Value	$4,401,495	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,262,849	OtherCostOrOtherBasisAmt
Depreciation	$1,302,867	DepreciationAmt
Book Value	$959,982	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$27,590,043	OtherCostOrOtherBasisAmt
Depreciation	$838,447	DepreciationAmt
Book Value	$26,751,596	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$32,113,073	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	UVIMCO MANAGED FUNDS	Desc
Book Value	$464,492,164	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$464,492,164	TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt
RIGHTS OF OCCUPANCY	$26,326,185
RESTRICTED CASH	$6,516,704
OTHER ASSETS	$3,458,757

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$36,301,646	TotalBookValueOtherAssetsAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DEFERRED RENT	Desc
Amt	$6,503,584	Amt

Field	Value	IRS element (for citing)
Total Liability	$6,503,584	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$217,189,878	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$139,147,448	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$1,533,227	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$140,680,675	RevenueNotReportedAmt
Revenue Subtotal	$76,509,203	RevenueSubtotalAmt
Investment Expenses Not Incld	$697,715	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$3,221,787	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$3,919,502	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$80,428,705	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$47,664,843	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$1,533,227	DonatedServicesUseFcltsAmt
Expenses Not Reported	$1,533,227	ExpensesNotReportedAmt
Expenses Subtotal	$46,131,616	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$697,715	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$3,221,787	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$3,919,502	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$50,051,118	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part V, line 4:	THE FOUNDATION'S ENDOWMENT SUPPORTS THE DARDEN SCHOOL THROUGH SCHOLARSHIPS, CHAIRS, RESEARCH, EDUCATIONAL PROGRAMS, AND ALUMNI SERVICES.
Part X, Line 2:	THE FOUNDATION HAS BEEN GRANTED EXEMPTION BY THE INTERNAL REVENUE SERVICE (IRS) FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE IRS HAS ALSO DETERMINED THAT THE FOUNDATION IS a public charity under section 509(a)(1) and NOT A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO REPORT AND PAY TAXES ON UNRELATED BUSINESS INCOME TO THE IRS AND OTHER LOCAL JURISDICTIONS. THERE WAS NO LIABILITY FOR UNRELATED BUSINESS INCOME TAXES AS OF JUNE 30, 2021, AND 2020. THE FOUNDATION ALSO FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS OR ANY RELATED PENALTIES AND INTEREST TO ACCRUE FOR THE YEARS ENDED JUNE 30, 2021, AND 2020, AND, ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION FILES IRS FORM 990 ANNUALLY WITH THE FEDERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR FISCAL YEAR 2018 AND LATER.
PART XI, LINE 4B:	GROSS HOSPITALITY EXPENSES $3,221,787
PART XII, LINE 4B:	GROSS HOSPITALITY EXPENSES $3,221,787

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	University of Virginia	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 400222	AddressLine1Txt
City	Charlottesville	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22906	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	546001796	RecipientEIN
IRC Section	501(C)(3)	IRCSectionDesc
Cash Grant	$23,800,541	CashGrantAmt
Purpose Of Grant	see part iv	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	THE DARDEN SCHOOL ACCOUNTING OFFICE REVIEWS SUPPORTING DOCUMENTS TO ENSURE COMPLIANCE WITH THE DONOR'S RESTRICTED PURPOSE PRIOR TO REQUESTING FUNDING FROM THE FOUNDATION. THE DARDEN SCHOOL RECEIVES A PERIODIC REVIEW BY THE UVA INTERNAL AUDIT DEPARTMENT TO ENSURE DONOR INTENTION IS MET. RESULTS OF THE REVIEW ARE PROVIDED TO THE DARDEN SCHOOL FOUNDATION MANAGEMENT.
PART II:	GRANTS ARE TO the UNIVERSITY OF VIRGINIA SCHOOLS to support SCHOLARSHIPS, CHAIRS, RESEARCH, FACILITIES, & EDUCATIONAL PROGRAMS and partnership for leaders in education.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHAEL J WOODFOLK
PRESIDENT	$301,252	$0	$0	$0	$12	$0	$26,223	$0	$8,949	$0	$336,436	$0	$0	$0
HEATHER L ENOS
CFO, Treasurer, SVP of PRES.	$146,961	$0	$10,000	$0	$15,000	$0	$13,427	$0	$9,515	$0	$194,903	$0	$0	$0
ASHLEY M WILLIAMS
CEO, EXECUTIVE EDUCATION	$345,963	$0	$50,000	$0	$47	$0	$25,672	$0	$24,484	$0	$446,166	$0	$0	$0
KARA RAMIREZ MULLINS
VP OF ADVANCE. (THRU 9/25/20)	$239,449	$0	$0	$0	$21,637	$0	$21,708	$0	$18,404	$0	$301,198	$0	$0	$0
LAURENCE P MURPHY
PRESIDENT & COO, EXECUTIVE EDU	$233,615	$0	$0	$0	$40	$0	$22,696	$0	$27,913	$0	$284,264	$0	$0	$0
SAMANTHA G HARTOG
INTERIM VP OF ADVANCEMENT	$192,947	$0	$25,000	$0	$5	$0	$18,068	$0	$8,413	$0	$244,433	$0	$0	$0
W CARTER HOERR
SR ADVISOR & CAMPAIGN DIR.	$176,226	$0	$0	$0	$45	$0	$16,911	$0	$22,738	$0	$215,920	$0	$0	$0
WILLIAM S ROBINSON
EXECUTIVE DIRECTOR, PLE	$184,437	$0	$0	$0		$0	$17,767	$0	$6,831	$0	$209,035	$0	$0	$0
MARC L RUGGIANO
EXECUTIVE DIRECTOR, EE	$157,715	$0	$0	$0	$4,421	$0	$15,576	$0	$26,616	$0	$204,328	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A:	THROUGH THE FOUNDATION'S STANDARD BENEFITS PACKAGE, THE FOUNDATION WILL SUBSIDIZE $195 OF THE COST OF MEMBERSHIP TO THE UVA GYM FOR BENEFITS ELIGIBLE EMPLOYEES ANNUALLY. SCOTT BEARDSLEY, DEAN OF THE UVA DARDEN SCHOOL OF BUSINESS AND EX-OFFICIO TRUSTEE OF THE FOUNDATION, IS ELIGIBLE FOR FIRST-CLASS TRAVEL TO INTERNATIONAL DESTINATIONS.
Part I, Line 4B:	THE FOUNDATION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER 457(F) TO COVER CERTAIN EXECUTIVES. AT THE END OF EACH FISCAL YEAR, THE board compensation committee MAY approve A CONTRIBUTION TO be credited to each participant's ACCOUNT BASED ON PREDETERMINED METRICS. CONTRIBUTIONS MADE BY THE FOUNDATION FOLLOW A THREE-YEAR GRADED VESTING SCHEDULE.
Part I, Line 7:	THE FOUNDATION PAYS TEACHING FEES TO UNIVERSITY FACULTY WHO TEACH EXECUTIVE EDUCATION PROGRAMS. BONUSES PAID ARE NOT CONTINGENT ON REVENUES OR NET EARNINGS. EMPLOYEES HAVE THE OPTION OF ELECTING TO CONTRIBUTE A PORTION OF THEIR SALARY TO THE FOUNDATION'S RETIREMENT PLAN.

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArtGrp
Art Historical Treasures		ArtHistoricalTreasuresGrp
Art Fractional Interest		ArtFractionalInterestGrp
Books And Publications		BooksAndPublicationsGrp
Clothing And Household Goods		ClothingAndHouseholdGoodsGrp
Cars And Other Vehicles		CarsAndOtherVehiclesGrp
Boats And Planes		BoatsAndPlanesGrp
Intellectual Property		IntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	122	ContributionCnt
Noncash Contributions Rpt F990	$3,668,492	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust Intrsts		SecurPrtnrshpTrustIntrstsGrp
Securities Miscellaneous		SecuritiesMiscellaneousGrp
Qualified Contrib Hist Struct		QualifiedContribHistStructGrp
Qualified Contrib Other		QualifiedContribOtherGrp
Real Estate Residential		RealEstateResidentialGrp
Real Estate Commercial		RealEstateCommercialGrp
Real Estate Other		RealEstateOtherGrp
Collectibles		CollectiblesGrp
Food Inventory		FoodInventoryGrp
Drugs And Medical Supplies		DrugsAndMedicalSuppliesGrp
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	OTHER	Desc
Contribution	2	ContributionCnt
Noncash Contributions Rpt F990	$1,815	NoncashContributionsRptF990Amt
Method Of Determining Revenues	cost	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	1	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part II:	FormAndLineReferenceDesc
Explanation	THE NUMBER OF CONTRIBUTIONS OR ITEMS IN COLUMN (B) OF PART I REPRESENTS THE NUMBER OF CONTRIBUTIONS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part I, line 1 and Part III, line 1:	THE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE EXCLUSIVE BENEFIT OF THE DARDEN SCHOOL, OPERATES TOP-RANKED EXECUTIVE EDUCATION PROGRAMS, MANAGES HOSPITALITY SERVICES AT THE SCHOOL'S GOODWIN FAMILY GROUNDS AND SANDS FAMILY GROUNDS LOCATIONS, AND PROMOTES PHILANTHROPIC LIFE-LONG SUPPORT OF THE SCHOOL BY ALUMNI, FRIENDS AND CORPORATIONS.
Form 990, Part VI, Section A, line 1:	THE AUTHORITY OR DELEGATION OF THE BOARD OF TRUSTEES IS AS FOLLOWS: THE EXECUTIVE COMMITTEE EXERCISES THE AUTHORITY OF THE BOARD OF TRUSTEES IN DIRECTING THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE FOUNDATION, EXCEPT THAT NO COMMITTEE HAS THE POWER OR AUTHORITY TO I) FILL VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES; II) AMEND THE ARTICLES OF INCORPORATION; III) ADOPT, AMEND, OR REPEAL THE BY-LAWS; IV) APPROVE A PLAN OF MERGER OR CONSOLIDATION; V) APPROVE THE SALE, LEASE OR EXCHANGE, OR THE MORTGAGE, PLEDGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE FOUNDATION; OR VI) APPROVE THE REVOCATION OF THE VOLUNTARY DISSOLUTION PROCEEDINGS. THE EXECUTIVE COMMITTEE MUST PROVIDE A FULL REPORT OF ITS ACTIONS TO THE BOARD OF TRUSTEES AT THE REGULAR BOARD MEETINGS. Form 990, part VI, Section A, Line 2: Frank M. Sands, Sr. and Frank M. Sands, Jr. had business and family relationships.
Form 990, Part VI, Section B, line 11:	AFTER INTERNAL REVIEW, THE CFO REVIEWS THE FORM 990 WITH THE AUDIT/FINANCE COMMITTEE AND ADDRESSES QUESTIONS FROM THE COMMITTEE. ELECTRONIC COPIES OF THE FORM 990 ARE PROVIDED TO THE FULL BOARD IN ADVANCE OF FILING.
Form 990, Part VI, Section B, Line 12c:	ANNUALLY, THE FOUNDATION DISTRIBUTES A COPY OF THE CONFLICT-OF-INTEREST POLICY, POLICY ON UNIVERSITY OF VIRGINIA RELATED FOUNDATIONS, AND A CONFLICT OF INTEREST FORM TO THE FOUNDATION'S TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THE INDIVIDUALS ARE REQUIRED TO DISCLOSE ACTIVITY FOR THE NEXT YEAR AND VERIFY THE ACTIVITY IN THE CURRENT YEAR.
Form 990, Part VI, Section B, Line 15:	ALL COMPENSATION FOR FOUNDATION OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE BOARD COMPENSATION COMMITTEE IN ACCORDANCE WITH THE IRS REBUTTABLE PRESUMPTION OF REASONABLE STANDARD. EXECUTIVE COMPENSATION INCLUDES A BONUS WHICH IS BASED ON KEY METRICS, ESTABLISHED BY THE BOARD. ON AN ANNUAL BASIS, THE BOARD COMPENSATION COMMITTEE REVIEWS THOSE EMPLOYEES DEEMED TO BE DISQUALIFIED AS DEFINED BY THE INTERNAL REVENUE SERVICE. THEY REVIEW AND APPROVE ALL FACETS OF EXECUTIVE COMPENSATION FOR THE UPCOMING FISCAL YEAR AND AT ITS' CONCLUSION, REVIEW AND APPROVE ANY PAYOUTS OF BONUSES.
Form 990, Part VI, Section C, Line 19:	THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part XI, Line 9:	IMPAIRMENT LOSS ON RIGHTS OF OCCUPANCY ASSETS AND PROPERTY AND EQUIPMENT: ($21,577,777)
Form 990, Part XII, Line 2C:	THERE HAVE BEEN NO CHANGES TO THE FOUNDATION'S PROCESS FOR THE SELECTION PROCESS FOR EXTERNAL AUDITORS OR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.