UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION (EIN 54-6046419)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-03-24
- IRS object ID
- 202130839349300028
- Schema version
- 2019v5.1
- 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 F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-03-24T11:05:45-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | 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 | 2019-07-01 | 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 | 4349247228 | 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 | EXEC. DIR, FINANCE | PersonTitleTxt |
| Phone | 4349247228 | PhoneNum |
| Signature | 2021-03-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Marc Berger | PreparerPersonNm |
| PTIN | P01871563 | PTIN |
| Phone | 7038930600 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $122,141,593 | 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 | 58 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 58 | VotingMembersIndependentCnt |
| Total Employee | 108 | TotalEmployeeCnt |
| Total Volunteers | 1309 | TotalVolunteersCnt |
| Total Gross UBI | $4,171,817 | TotalGrossUBIAmt |
| PY Contributions Grants | $75,187,093 | PYContributionsGrantsAmt |
| CY Contributions Grants | $26,615,664 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $32,456,879 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $25,861,080 | CYProgramServiceRevenueAmt |
| PY Investment Income | $16,389,340 | PYInvestmentIncomeAmt |
| CY Investment Income | $23,048,605 | CYInvestmentIncomeAmt |
| PY Other Revenue | $115,396 | PYOtherRevenueAmt |
| CY Other Revenue | $108,742 | CYOtherRevenueAmt |
| PY Total Revenue | $124,148,708 | PYTotalRevenueAmt |
| CY Total Revenue | $75,634,091 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $24,769,904 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $24,086,840 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,676,786 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,455,864 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $128,916 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $161,006 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,518,537 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,737,940 | PYOtherExpensesAmt |
| CY Other Expenses | $19,695,496 | CYOtherExpensesAmt |
| PY Total Expenses | $65,313,546 | PYTotalExpensesAmt |
| CY Total Expenses | $61,399,206 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $58,835,162 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $14,234,885 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $501,756,176 | TotalAssetsBOYAmt |
| Total Assets EOY | $510,801,836 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,587,963 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,797,073 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $482,168,213 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $491,004,763 | 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 | $52,401,269 | ExpenseAmt |
| Grant | $24,086,840 | GrantAmt |
| Revenue | $25,861,080 | 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 | $52,401,269 | 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 | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | 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 | 202 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 108 | 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 | false | Form8282PropertyDisposedOfInd |
| 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 | 58 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 58 | 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 | 4349247228 | 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 (68 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 |
|---|---|---|---|---|---|---|---|---|---|
| Kara Mullins | |||||||||
| VP of Advancement | 50.0 | 0.0 | Yes (X) | $389,374 | $0 | $50,140 | |||
| Ashley Williams | |||||||||
| CEO & CLO, Executive Education | 50.0 | 0.0 | Yes (X) | $349,837 | $0 | $52,324 | |||
| Michael J Woodfolk | |||||||||
| President | 50.0 | 0.0 | $326,078 | $0 | $65,846 | Yes (X) | |||
| Laurence Murphy | |||||||||
| President & COO EXECUTIVE EDU | 50.0 | 0.0 | $301,486 | $0 | $48,100 | Yes (X) | |||
| Howard Avery | |||||||||
| Asst. VP, Advancement | 50.0 | 0.0 | $208,133 | $0 | $43,567 | Yes (X) | |||
| Shaun Rozyn | |||||||||
| Mng Director, EXECUTIVE Edu | 50.0 | 0.0 | $203,692 | $0 | $46,115 | Yes (X) | |||
| Lisa Cannell | |||||||||
| Mng Director, EXECUTIVE Edu | 50.0 | 0.0 | $203,217 | $0 | $39,272 | Yes (X) | |||
| Marc Ruggiano | |||||||||
| Exec. Director, EXECUTIVE edu | 50.0 | 0.0 | $206,601 | $0 | $35,409 | Yes (X) | |||
| Charles L Heckel | |||||||||
| Treasurer (through 10/31/19) | 50.0 | 0.0 | $180,392 | $0 | $32,998 | Yes (X) | |||
| Yael Grushka-Cockayne | |||||||||
| Ex-Officio Trustee | 1.0 | 0.0 | $26,600 | $0 | $0 | Yes (X) | |||
| Jeanne M Liedtka | |||||||||
| Ex-Officio Trustee | 1.0 | 0.0 | $18,556 | $0 | $0 | Yes (X) | |||
| Robert J Hugin | |||||||||
| 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) | ||
| Elizabeth K Weymouth | |||||||||
| Immediate Past 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) | |||
| WL Lyons Brown III | |||||||||
| Trustee | 1.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| J Andrew 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 | |||||||||
| Trustee | 1.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| James A Cooper | |||||||||
| Trustee | 1.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Charles C 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 | |||||||||
| Trustee | 1.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Cathy 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) | |||
| Kristi 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) | |||
| 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 | |||||||||
| 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 Sr | |||||||||
| 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 Simmons 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) | |||
| John C Jeffries Jr | |||||||||
| 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) | |||
| Rosemary B King | |||||||||
| 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) | |||
| Jonathan D Mariner | |||||||||
| 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) | |||
| James E Ryan | |||||||||
| Ex-Officio Trustee | 1.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Heather L Enos | |||||||||
| Executive Director, Fin & Stra | 50.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,413,966 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $413,771 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 32 | 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. | $634,491 |
| FLIK INTERNATIONAL CORPORATION | |||||
| 2400 YORKMONT ROAD | CHARLOTTE | NC | 28217 | MANAGEMENT FEES | $544,329 |
| MARTIN N DAVIDSON | |||||
| PO BOX 5101 | CHARLOTTESVILLE | VA | 22908 | TEACHING SERVICES | $215,401 |
| GREGORY FAIRCHILD | |||||
| 106 ROBINSON WOODS | CHARLOTTESVILLE | VA | 22903 | TEACHING SERVICE | $158,903 |
| STEPHEN MICHAEL VARDELL | |||||
| 568 PARK CROSSING STREET | DANIEL ISLAND | SC | 29492 | PROJECT MANAGEMENT | $147,950 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $26,615,664 | AllOtherContributionsAmt |
| Noncash Contributions | $1,435,240 | NoncashContributionsAmt |
| Total Contributions | $26,615,664 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EXECUTIVE EDUCATION | Desc |
| Business | 721110 | BusinessCd |
| Total Revenue Column | $25,861,080 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,705,513 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $4,155,567 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $25,861,080 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $664,462 | TotalRevenueColumnAmt |
| Exclusion | $664,462 | 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 | $68,891,645 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $46,507,502 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,384,143 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,384,143 | TotalRevenueColumnAmt |
| Exclusion | $22,384,143 | 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 | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| PARKING REVENUE | 900099 | $80,064 | $80,064 | $0 | $0 |
| ADVERTISING REVENUE | 900099 | $16,250 | $0 | $16,250 | $0 |
| OTHER INCOME | 900099 | $12,428 | $12,428 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $108,742 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75,634,091 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,798,005 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $4,171,817 | UnrelatedBusinessRevenueAmt |
| Exclusion | $23,048,605 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,086,840 | TotalAmt |
| Program Services | $24,086,840 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,726,688 | TotalAmt |
| Program Services | $615,070 | ProgramServicesAmt |
| Management And General | $641,448 | ManagementAndGeneralAmt |
| Fundraising | $470,170 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,809,571 | TotalAmt |
| Program Services | $8,749,474 | ProgramServicesAmt |
| Management And General | $901,377 | ManagementAndGeneralAmt |
| Fundraising | $2,158,720 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $890,778 | TotalAmt |
| Program Services | $592,322 | ProgramServicesAmt |
| Management And General | $81,637 | ManagementAndGeneralAmt |
| Fundraising | $216,819 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,231,514 | TotalAmt |
| Program Services | $822,994 | ProgramServicesAmt |
| Management And General | $155,490 | ManagementAndGeneralAmt |
| Fundraising | $253,030 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,797,313 | TotalAmt |
| Program Services | $1,583,489 | ProgramServicesAmt |
| Management And General | $59,019 | ManagementAndGeneralAmt |
| Fundraising | $154,805 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $428,796 | TotalAmt |
| Program Services | $428,796 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,281 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $19,281 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,400 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $102,400 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,006 | TotalAmt |
| Fundraising | $161,006 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $657,655 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $657,655 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,319,725 | TotalAmt |
| Program Services | $5,083,897 | ProgramServicesAmt |
| Management And General | $205,645 | ManagementAndGeneralAmt |
| Fundraising | $30,183 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,133,736 | TotalAmt |
| Program Services | $944,391 | ProgramServicesAmt |
| Management And General | $5,620 | ManagementAndGeneralAmt |
| Fundraising | $183,725 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,275,380 | TotalAmt |
| Program Services | $1,253,090 | ProgramServicesAmt |
| Management And General | $10,694 | ManagementAndGeneralAmt |
| Fundraising | $11,596 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $400,229 | TotalAmt |
| Program Services | $245,892 | ProgramServicesAmt |
| Management And General | $131,685 | ManagementAndGeneralAmt |
| Fundraising | $22,652 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,935 | TotalAmt |
| Program Services | $42,935 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,253,481 | TotalAmt |
| Program Services | $3,185,040 | ProgramServicesAmt |
| Management And General | $48,892 | ManagementAndGeneralAmt |
| Fundraising | $19,549 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,735,092 | TotalAmt |
| Program Services | $1,907,984 | ProgramServicesAmt |
| Management And General | $270,216 | ManagementAndGeneralAmt |
| Fundraising | $556,892 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $828,054 | TotalAmt |
| Program Services | $777,822 | ProgramServicesAmt |
| Management And General | $18,690 | ManagementAndGeneralAmt |
| Fundraising | $31,542 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,870 | TotalAmt |
| Program Services | $128,671 | ProgramServicesAmt |
| Management And General | $52,199 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| COGS | $1,095,454 | $1,095,454 | $0 | $0 |
| BAD DEBT EXPENSE(RECOVERY) | $1,084,522 | $3,007 | $0 | $1,081,515 |
| USE/FOREIGN TAX | $75,671 | $75,671 | $0 | $0 |
| MISCELLANEOUS EXPENSE | $1,062,215 | $778,430 | $117,452 | $166,333 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,399,206 | TotalAmt |
| Program Services | $52,401,269 | ProgramServicesAmt |
| Management And General | $3,479,400 | ManagementAndGeneralAmt |
| Fundraising | $5,518,537 | 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 | $8,336,221 | BOYAmt |
| EOY | $18,123,679 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,409,499 | BOYAmt |
| EOY | $57,103,744 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,161,568 | BOYAmt |
| EOY | $1,610,507 | 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 | $1,587,376 | BOYAmt |
| EOY | $1,560,030 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $20,446,591 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,373,495 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,636,719 | BOYAmt |
| EOY | $14,073,096 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,259,418 | BOYAmt |
| EOY | $49,194,124 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $320,104,790 | BOYAmt |
| EOY | $320,239,527 | 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 | $51,260,585 | BOYAmt |
| EOY | $48,897,129 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $501,756,176 | BOYAmt |
| EOY | $510,801,836 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,325,806 | BOYAmt |
| EOY | $3,619,273 | 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 | $1,187,097 | BOYAmt |
| EOY | $1,577,487 | 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 | $5,837,568 | BOYAmt |
| EOY | $4,782,600 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,300,000 | BOYAmt |
| EOY | $3,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,937,492 | BOYAmt |
| EOY | $6,817,713 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,587,963 | BOYAmt |
| EOY | $19,797,073 | 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 | $86,451,252 | BOYAmt |
| EOY | $80,032,584 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $395,716,961 | BOYAmt |
| EOY | $410,972,179 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $482,168,213 | BOYAmt |
| EOY | $491,004,763 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $501,756,176 | BOYAmt |
| EOY | $510,801,836 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $14,234,885 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$5,398,335 | NetUnrlzdGainsLossesInvstAmt |
| 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 | $11,060,837 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,158,756 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,613,296 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $75,187,093 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,615,664 | CurrentTaxYearAmt |
| Total | $147,635,646 | 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 | $11,060,837 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,158,756 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,613,296 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $75,187,093 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,615,664 | CurrentTaxYearAmt |
| Total | $147,635,646 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $63,903,860 | SubstantialContributorsTotAmt |
| Public Support Total170 | $83,731,786 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $885,432 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $638,547 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $801,140 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $927,960 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $664,462 | CurrentTaxYearAmt |
| Total | $3,917,541 | 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) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $151,553,187 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $127,399,093 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.55249 | PublicSupportCY170Pct |
| Public Support PY170 | 0.49357 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, Part I, Explanation for Change in Public Charity Status: | FormAndLineReferenceDesc |
| Explanation | On August 13, 2018, the Foundation received notification from the IRS approving the Foundation's request to change its public charity status under Section 509(a)(3) to Section 509(a)(1). | ExplanationTxt |
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 | $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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $312,721,140 | BeginningYearBalanceAmt |
| Contributions | $3,129,831 | ContributionsAmt |
| Investment Earnings Or Losses | -$5,863,396 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $13,032,669 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $800,631 | AdministrativeExpensesAmt |
| End Year Balance | $296,154,275 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.13070 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.51860 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.35070 | 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 | $10,376,560 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,166,486 | DepreciationAmt |
| Book Value | $6,210,073 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,600,769 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,369,496 | DepreciationAmt |
| Book Value | $1,231,274 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,469,262 | OtherCostOrOtherBasisAmt |
| Depreciation | $837,513 | DepreciationAmt |
| Book Value | $6,631,749 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $14,073,096 | 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 | $320,239,527 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $320,239,527 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RIGHTS OF OCCUPANCY | $48,319,779 |
| OTHER ASSETS | $577,350 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $48,897,129 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT | Desc |
| Amt | $6,817,713 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,817,713 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $61,342,195 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$5,398,334 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $1,237,422 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$4,160,912 | RevenueNotReportedAmt |
| Revenue Subtotal | $65,503,107 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $657,655 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $9,473,329 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $10,130,984 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $75,634,091 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $52,505,645 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,237,423 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $1,237,423 | ExpensesNotReportedAmt |
| Expenses Subtotal | $51,268,222 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $657,655 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $9,473,329 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $10,130,984 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $61,399,206 | 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 not a private foundation. On August 13, 2018, the foundation received notification from the IRS approving the foundations request to change its public charity status under Section 509(a)(3) to Section 509(a)(1). 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, 2020 and 2019. 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, 2020 and 2019, 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 2017 and later. |
| PART XI, LINE 4B: | GROSS HOSPITALITY EXPENSES $9,473,329 |
| PART XII, LINE 4B: | GROSS HOSPITALITY EXPENSES $9,473,329 |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 7 | Program Services | Executive Education | $44,169 |
| Middle East and North Africa | 0 | 1 | Program Services | Executive Education | $1,584 |
| Europe (Including Iceland and Greenland) | 0 | 1 | Program Services | Executive Education | $8,985 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 9 | SubtotalEmployeesCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Subtotal Spent | $54,738 | SubtotalSpentAmt |
| Total Spent | $54,738 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, line 3: | FormAndLineReferenceDesc |
| Explanation | The amounts reported on Part I, line 3 are based upon the accrual method of accounting. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| JOURNEY GROUP INC | ||||||||
| PO Box 315 | Charlottesville | VA | 22902 | CONSULTING | false | $112,661 | -$112,661 | |
| KARMA AGENCY ALTA COMMUNICATIONS | ||||||||
| 230 South Broad St | Philadelphia | PA | 19102 | CONSULTING | false | $48,345 | -$48,345 | Suite 1650 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $161,006 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$161,006 | TotalNetToOrganizationAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | DC | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | NV | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| University of Virginia Darden School of Business | |||||||
| PO Box 6550 | Charlottesville | VA | 22906 | 546001796 | 501(C)(3) | $24,040,768 | see part iv |
| University of Virginia Curry School of Education | |||||||
| PO Box 400276 | Charlottesville | VA | 22906 | 546001796 | 501(C)(3) | $240,308 | See part IV |
| University of Virginia Darden School of Bus | |||||||
| PO Box 6550 | CHARLOTTESVILLE | VA | 22906 | 546001796 | 501(C)(3) | $240,308 | see part iv |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
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 UNIVERSITY OF VIRGINIA SCHOOLS: (1) University of Virginia Darden School of Business - SCHOLARSHIPS, CHAIRS, RESEARCH, FACILITIES, & EDUCATIONAL PROGRAMS (2) University of Virginia Curry School of Education - Partnership for Leaders in Education (3) University of Virginia Darden School of Business - 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kara Mullins | ||||||||||||||
| VP of Advancement | $329,874 | $0 | $59,500 | $0 | $0 | $0 | $29,120 | $0 | $21,020 | $0 | $439,514 | $0 | $0 | $0 |
| Ashley Williams | ||||||||||||||
| CEO & CLO, Executive Education | $261,837 | $0 | $88,000 | $0 | $0 | $0 | $40,060 | $0 | $12,264 | $0 | $402,161 | $0 | $0 | $0 |
| Michael J Woodfolk | ||||||||||||||
| President | $288,978 | $0 | $37,100 | $0 | $0 | $0 | $56,220 | $0 | $9,626 | $0 | $391,924 | $0 | $0 | $0 |
| Laurence Murphy | ||||||||||||||
| President & COO EXECUTIVE EDU | $245,486 | $0 | $56,000 | $0 | $0 | $0 | $26,260 | $0 | $21,840 | $0 | $349,586 | $0 | $0 | $0 |
| Howard Avery | ||||||||||||||
| Asst. VP, Advancement | $203,133 | $0 | $5,000 | $0 | $0 | $0 | $21,728 | $0 | $21,839 | $0 | $251,700 | $0 | $0 | $0 |
| Shaun Rozyn | ||||||||||||||
| Mng Director, EXECUTIVE Edu | $174,292 | $0 | $29,400 | $0 | $0 | $0 | $25,968 | $0 | $20,147 | $0 | $249,807 | $0 | $0 | $0 |
| Lisa Cannell | ||||||||||||||
| Mng Director, EXECUTIVE Edu | $173,817 | $0 | $29,400 | $0 | $0 | $0 | $18,385 | $0 | $20,887 | $0 | $242,489 | $0 | $0 | $0 |
| Marc Ruggiano | ||||||||||||||
| Exec. Director, EXECUTIVE edu | $161,901 | $0 | $44,700 | $0 | $0 | $0 | $16,684 | $0 | $18,725 | $0 | $242,010 | $0 | $0 | $0 |
| Charles L Heckel | ||||||||||||||
| Treasurer (through 10/31/19) | $142,732 | $0 | $0 | $0 | $37,660 | $0 | $15,428 | $0 | $17,570 | $0 | $213,390 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A: | THROUGH THE FOUNDATIONS STANDARD BENEFITS PACKAGE, THE FOUNDATION WILL SUBSIDIZE ANNUALLY $185 OF THE COST OF MEMBERSHIP TO THE UVA GYM FOR BENEFITS ELIGIBLE EMPLOYEES. 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. NO SUCH AMOUNTS WERE TREATED AS TAXABLE COMPENSATION. |
| 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 Foundation may credit a contribution to each executives account based on predetermined metrics. Contributions made by the Foundation follow a three year graded vesting schedule and no executives were vested in the plan as of June 30, 2020. |
| 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 | 84 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,352,477 | 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 | 18 | ContributionCnt |
| Noncash Contributions Rpt F990 | $82,763 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | cost | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (7 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 semi-annual board meetings. Form 990, Part VI, Section A, line 2: Frank M. Sands, Sr. and Frank M. Sands, Jr. have business & family relationships. |
| Form 990, Part VI, Section B, line 11: | After internal review, the President and Executive Director, Finance and Strategic Initiatives, provided the Form 990 to the Audit/Finance Committee and the President addressed questions from the Audit/Finance 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 is approved by the Board Compensation Committee in accordance with the IRS rebuttable presumption of reasonableness 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 XII, Line 2c: | Oversight of audit: There have been no changes during the year in the process for oversight of the audit of the financial statements. |