2020-07-15T18:55:17-05:00 2019-06-30 560574444 CHERRY BEKAERT LLP 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2018-07-01 540169627 UNIVERSITY OF MARY WASHINGTON FOUNDATION UNIV 5404791893 1125 JEFFERSON DAVIS HIGHWAY NO 200 FREDERICKSBURG VA 22401 GREGORY A BRANNER CFO/TREASURER 5404791892 2020-07-15 1 AMANDA ADAMS P00748038 8046735700 76.105.106.201 2020-07-15 17:30:49 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2018 2021-01-29 14:40:06Z JEFF W ROUNTREE 1125 JEFFERSON DAVIS HIGHWAY NO 200 FREDERICKSBURG VA 22401 33678765 0 X WWW.UMWF.ORG X 1975 VA TO RECEIVE, HOLD, AND ADMINISTER FUNDS AND PROPERTY OF ALL KINDS, FOR THE FURTHERANCE OF THE OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON. 36 36 6 0 2859540 0 4871076 5365105 9083603 9317464 2265662 955373 273816 3222667 16494157 18860609 6065260 4620845 0 0 1790050 2612743 0 0 432554 11204045 12714084 19059355 19947672 -2565198 -1087063 173793947 184451224 135951200 150706739 37842747 33744485 TO RECEIVE, HOLD, INVEST, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY OF ALL KINDS, EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON. 0 0 17583017 4620845 9317464 THE UMW FOUNDATION SERVES AS THE PRIVATE ASSET MANAGER FOR THE UNIVERSITY OF MARY WASHINGTON. THE FOUNDATION MANAGES ALL OF THE UNIVERSITY'S PRIVATELY DONATED CASH AND INVESTMENTS AS WELL AS BEING ENGAGED IN REAL ESTATE ACQUISITION, DEVELOPMENT AND MANAGEMENT ON BEHALF OF THE INSTITUTION. 17583017 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 120 1 1 6 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X THE ORGANIZATION 5404791893 1125 JEFFERSON DAVIS HIGHWAY NO 200 FREDERICKSBURG VA 22401 EDWARD V ALLISON JR CHAIRMAN 0.30 0.00 X X 0 0 0 KATHLEEN S MEHFOUD IMMEDIATE PAST CHAIRMAN 0.30 0.00 X X 0 0 0 DORI EGLEVSKY VICE CHAIRMAN 0.30 0.00 X X 0 0 0 ROBERT J BARRY SECRETARY 0.10 0.00 X X 0 0 0 MONA D ALBERTINE DIRECTOR 0.10 0.00 X 0 0 0 LLOYD T BACKSTROM DIRECTOR 0.10 0.00 X 0 0 0 F EUGENE BAILEY DIRECTOR 0.10 0.00 X 0 0 0 ROSS BIERKAN DIRECTOR 0.10 0.00 X 0 0 0 LISA J BOWLING DIRECTOR 0.10 0.00 X 0 0 0 MICHAEL A CIRAMI DIRECTOR 0.10 0.00 X 0 0 0 THERESA Y CRAWLEY DIRECTOR 0.10 0.00 X 0 0 0 HEATHER M CRISLIP DIRECTOR 0.10 0.00 X 0 0 0 KEVIN ELY DIRECTOR 0.10 0.00 X 0 0 0 DONNA S GLADIS DIRECTOR 0.10 0.00 X 0 0 0 JOSEPH W GRZEIKA DIRECTOR 0.10 0.00 X 0 0 0 SAMUEL C HARDING JR DIRECTOR 0.10 0.00 X 0 0 0 FORIAN N HOFER DIRECTOR 0.10 0.00 X 0 0 0 LEE E KELLEY DIRECTOR 0.10 0.00 X 0 0 0 PATRICIA B KEMP DIRECTOR 0.10 0.00 X 0 0 0 MARK KUECHLER DIRECTOR 0.10 0.00 X 0 0 0 DIANA R LIVINGSTON DIRECTOR 0.10 0.00 X 0 0 0 CAROL M MARTEL DIRECTOR 0.10 0.00 X 0 0 0 PAUL MESSPLAY DIRECTOR 0.10 0.00 X 0 0 0 LYNNE W NEAVE DIRECTOR 0.10 0.00 X 0 0 0 DONALD H NEWLIN DIRECTOR 0.10 0.00 X 0 0 0 TROY D PAINO DIRECTOR 0.10 0.00 X 0 0 0 ANDREW PAINTER DIRECTOR 0.10 0.00 X 0 0 0 XAVIER R RICHARDSON DIRECTOR 0.10 0.00 X 0 0 0 MONECIA H SHELTON DIRECTOR 0.10 0.00 X 0 0 0 LISA B SOLTIS DIRECTOR 0.10 0.00 X 0 0 0 ANNE MARIE STEEN DIRECTOR 0.10 0.00 X 0 0 0 STEVE STEINBERG DIRECTOR 0.10 0.00 X 0 0 0 JEANE BAUGHAN STONE DIRECTOR 0.10 0.00 X 0 0 0 SEAN M TUFFY DIRECTOR 0.10 0.00 X 0 0 0 H CONRAD WARLICK DIRECTOR 0.10 0.00 X 0 0 0 SYLVIA H M WOODCOCK DIRECTOR 0.10 0.00 X 0 0 0 JEFF W ROUNTREE CEO 65.00 0.00 X 334239 0 45397 GREGORY A BRANNER CFO/TREASURER 60.00 0.00 X 152438 0 36943 SHANNON C WILLIAMS CONTROLLER 45.00 0.00 X 110936 0 13791 597613 0 96131 3 0 1 0 ARTEMIS WEALTH ADVISORS LLC 168 5TH AVE NEW YORK NY 10010 INVESTMENT CONSULTING 274164 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20903 CATERING 196358 2 5365105 927908 5365105 STUDENT DORM RENTAL 532000 8045175 8045175 UNIVERSITY RENTAL INCOME 532000 853350 853350 418939 418939 9317464 774400 -2000 776400 2590264 2724928 -134664 -134664 -134664 12191458 12010485 180973 180973 180973 82743 82743 0 HOTEL 721110 2861540 2861540 495791 495791 3357331 18860609 9317464 2859540 1318500 4620845 4620845 569017 569017 1765661 1558835 189926 16900 57606 57606 72838 18025 54813 147621 102427 43794 1400 7115 7115 91280 91280 55736 55736 725021 725021 251851 236382 15469 397856 342876 54980 43188 43188 2282947 2282947 90916 90916 18910 18910 4778112 4777525 587 2687894 2682871 1357 3666 354898 338154 16744 REAL ESTATE TAXES 288313 288313 DEPARTMENTAL OPERATING 245782 245782 HOTEL FOOD & BEVERAGE 205095 205095 BOND AND TRUSTEE FEES 72986 72986 116184 116184 19947672 17583017 1932101 432554 7589641 7058394 2265468 2843275 1405628 894614 1553821 1278235 75000 75000 1574 191424 322704 154745289 32081748 110913685 122663541 34175688 38562042 9448799 9836485 281369 298307 5893424 617053 173793947 184451224 570788 1085182 44255 66045 79335000 78400000 40598828 50276685 15402329 20878827 135951200 150706739 X -25212906 -34527079 10934207 13370315 52121446 54901249 37842747 33744485 173793947 184451224 X -1087063 2638401 -5649600 X 0 1 X 1 0 X 8104595 6101495 5847449 4871076 5365105 30289720 1444395 1509113 1426795 1582848 1547576 7510727 9548990 7610608 7274244 6453924 6912681 37800447 6310621 31489826 3965312 3488236 3444545 3515856 3364664 17778613 55579060 43463847 0.56660 0.59160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 55736 0 0 55736 0 PART II-B, LINE 1: DURING THIS FISCAL YEAR, THE STATE LEGISLATURE WAS CONSIDERING BILLS TO PROVIDE FUNDING TO THE UNIVERSITY OF MARY WASHINGTON AND OTHER HIGHER EDUCATION INSTITUTIONS IN VIRGINIA. THE FOUNDATION, ON BEHALF OF THE UNIVERSITY, SUPPORTED THE COST OF CONSULTANTS WHO MADE DIRECT CONTACT WITH MEMBERS OF THE GENERAL ASSEMBLY OR THEIR STAFF. THE CONSULTANTS ALSO MONITORED LEGISLATION AND ADVISED UNIVERSITY MANAGEMENT OF THE STATUS OF THE LEGISLATION. ALSO INCLUDED ARE OUT-OF-POCKET COSTS PAID TO THE CONSULTANTS FOR COPYING, PHONE CALLS AND LOBBYIST'S REGISTRATION FEES. 1756 9036 X 0 60440914 2779803 2495004 1636984 64078737 57808514 2236407 2325977 1929624 60441274 52253068 3773647 4162936 2381137 57808514 54268363 2667732 -2475657 2207370 52253068 54989394 2149663 -634685 2236009 54268363 0.00000 0.85680 0.14320 0 0 11176264 25079648 36255912 20255585 87862330 24553223 83564692 3167998 1644815 3487330 1325483 2630052 2928597 4041195 1517454 122663541 HEDGE FUNDS 5460778 F PRIVATE EQUITY 827412 F NATURAL RESOURCE FUNDS 1298057 F STOCK MUTUAL FUNDS 2250238 F 9836485 GIFT ANNUITY LIABILITY 655320 TENANT DEPOSITS 84878 INTEREST RATE SWAP CONTRACTS 20373437 UNAMORTIZED DEBT ISSUANCE COST -310383 OTHER LIABILITIES 75575 20878827 19396893 2638401 1547576 -5649600 -1463623 20860516 725021 -2724928 -1999907 18860609 23495155 1547576 2724928 4272504 19222651 725021 725021 19947672 PART III, LINE 4: ART WORKS HAVE BEEN ACCEPTED ON BEHALF OF THE UNIVERSITY ART GALLERY AND ARE IN CUSTODIAL CARE OF THE UNIVERSITY. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF MULTIPLE FUNDS. THE ENDOWED FUNDS ARE ALL DONOR-RESTRICTED ENDOWMENTS CONSISTING OF STUDENT SCHOLARSHIPS AND AWARDS, FACULTY SUPPORT, AND OTHER SUPPORT OF THE ARTS AND PROGRAM OPERATIONS. THE ENDOWMENT ALSO INCLUDES TWO PARCELS OF REAL ESTATE THAT ARE RESTRICTED AS TO USE. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP CONTRACTS -5,645,861. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -18,943. CHANGE IN CSV LIFE INSURANCE 15,204. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON RETURN -2,724,928. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON RETURN 2,724,928. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5544932 0 0 0 0 0 0 5544932 0 5544932 1 0 1 1 1 0 PART I, LINE 3: AMOUNT REPORTED IN PART I REPRESENTS THE FAIR MARKET VALUE OF INVESTMENTS HELD IN THE REGION AS OF THE END OF THE FOUNDATION'S FISCAL YEAR. 82743 10000 72743 0 82743 10000 72743 82743 VA 1 0 0 0 1.00000 CONTROLLER 1125 JEFFERSON DAVIS HWY STE 200 FREDERICKSBURG VA 22401 0 CLINT OFTEN 0 AS AN EMPLOYEE OF THE UNIVERSITY, THE GAMING MANAGER COORDINATES THE RAFFLE PROGRAM, APPLICATION FOR LICENSE, OVERSEES THE SALE OF RAFFLE TICKETS TO NCAA TEAMS AND PAYOUT OF PRIZES. X 1 8274 SCHEDULE G, PART III, LINE 5 OTHER DIRECT EXPENSES INCLUDES $69,410 THAT WAS CONTRIBUTED TO THE UNIVERSITY OF MARY WASHINGTON. THE FOUNDATION HOLDS THE EVENT EACH YEAR AND CONTRIBUTES ANY REMAINING REVENUE IN EXCESS OF THE CASH PRIZE AND EXPENSES TO THE UNIVERSITY'S ATHLETICS PROGRAMS. 1 UNIVERSITY OF MARY WASHINGTON 1301 COLLEGE AVENUE FREDERICKSBURG VA 22401 546001757 170(B)(1)(A)(V) 4486760 0 STUDENT SCHOLARSHIPS, FACULTY AWARDS AND OTHER SUPPORT OF UNIVERSITY SERVICES UNIVERSITY OF MARY WASHINGTON ALUMNI ASSOCIATION 1119 HANOVER STREET FREDERICKSBURG VA 22401 540471667 501(C)(3) 134085 0 DONATION TO SUPPORT UNIVERSITY SERVICES AND PROGRAMS 2 0 PART I, LINE 2: UMW PROVIDES ADEQUATE DOCUMENTATION AND AUDIT TRAILS FOR SCHOLARSHIP PAYMENTS TO STUDENTS. THE UNIVERSITY DEPARTMENT OF FINANCIAL AID IS RESPONSIBLE FOR DETERMINING ELIGIBILITY OF STUDENTS UNDER TERMS OF ENDOWMENTS, AND FOR AWARDING FINANCIAL AID THROUGH THE DEPARTMENT OF STUDENT ACCOUNTS. THE FOUNDATION FIRST ADVANCES THE UNIVERSITY THE DESIGNATED AMOUNT OF FUNDS WHICH ALLOWS THE UNIVERSITY TO PAY OUT THE SCHOLARSHIPS. ALL DISBURSEMENTS ARE APPROVED BY THE CEO OF THE FOUNDATION. THE FOUNDATION PERIODICALLY COMPARES THE UMW SCHOLARSHIP SYSTEM REPORT WHICH SHOWS WHAT THE UNIVERSITY HAS PAID OUT TO THE FOUNDATION'S SCHOLARSHIPS AND AWARD PAYMENT HISTORY. DIFFERENCES ARE INVESTIGATED AND CORRECTED. OTHER ASSISTANCE TO THE UNIVERSITY IS APPROVED IN ADVANCE OF FUNDING TO THE UNIVERSITY OR PAID DIRECTLY BY THE FOUNDATION ON THE UNIVERSITY'S BEHALF. X X X 0 1 0 0 0 0 0 1 0 JEFF W ROUNTREE CEO 249236 0 35000 0 50003 0 36040 0 9357 0 379636 0 50003 0 GREGORY A BRANNER CFO/TREASURER 134745 0 17693 0 0 0 17097 0 19846 0 189381 0 0 0 PART I, LINE 4B THE FOUNDATION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION 457(F) PLAN FOR ITS CEO DURING FYE 2017. DURING 2018, HE VESTED IN CONTRIBUTIONS MADE IN PRIOR YEARS WHICH WERE PAID OUT TO HIM AND REPORTED AS TAXABLE COMPENSATION IN PART II, COLUMN (B)(III.) DURING 6/30/2019, THE FOUNDATION MADE A $30,000 CONTRIBUTION TO THE PLAN WHICH WAS INCLUDED IN PART II, COLUMN (C). PART I, LINE 7 INCENTIVE BONUSES FOR ALL STAFF ARE DISCRETIONARY BASED ON CEO AND BOARD ASSESSMENT OF STAFF AND ORGANIZATIONAL PERFORMANCE DURING THE YEAR. THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES THE CEO'S INCENTIVE BONUS AND THE CEO RECOMMENDS STAFF BONUSES TO THE COMPENSATION COMMITTEE AT THE END OF EACH FISCAL YEAR. A INDUSTRIAL DEVELOPMENT AUTHORITY STAFFORD COUNTY 412119657 852412LR4 2007-08-08 2500000 1201 WILLIAM STREET PURCHASE A 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY FREDERICKSBURG VA 521303430 000000000 2018-02-15 77345000 REFINANCE SERIES 2013 BONDS 0 0 0 A 575000 2500000 148081 2351919 2008 0 0 1 1 B 870000 77345000 77345000 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: INDUSTRIAL DEVELOPMENT AUTHORITY, STAFFORD COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/08/2012 ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY, FREDERICKSBURG, VA DATE THE REBATE COMPUTATION WAS PERFORMED: 03/04/2019 X 32 853118 FMV X SPECIAL EVENT 120 74790 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 AS OUTLINED IN THE BYLAWS OF UMW FOUNDATION, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS EMPOWERED TO ACT ON BEHALF OF THE FULL BOARD FOR DECISIONS AND ACTIONS REQUIRED BETWEEN BOARD MEETINGS. IN PRACTICE, MOST EXECUTIVE COMMITTEE ACTIONS RELATE TO REAL ESTATE TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 11B UPON FINAL REVIEW BY THE CFO AND CEO OF THE FOUNDATION, THE 990 (IN DRAFT FORM) WILL BE SUBMITTED SIMULTANEOUSLY TO THE CHAIRMAN OF THE AUDIT COMMITTEE AND ALL MEMBERS OF THE EXECUTIVE COMMITTEE. THE AUDIT COMMITTEE WILL MAKE ANY NEEDED ALTERATIONS AND APPROVE THE FORM 990 AND FORM 990-T. A COPY OF THE RETURN WILL THEN BE SENT TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST ANNUAL BOARD MEETING AND AT SUCH OTHER TIMES AS THE BOARD OR COMMITTEE MAY DEEM APPROPRIATE, THE BOARD OR COMMITTEE OF DIRECTORS SHALL CONDUCT A REVIEW OF THE UMW FOUNDATION'S ACTIVITIES TO ENSURE THAT THE FOUNDATION IS OPERATING IN A MANNER CONSISENT WITH ACCOMPLISHING ITS CHARITABLE PURPOSES AND THAT ITS OPERATIONS DO NOT RESULT IN PRIVATE INUREMENT OR IMPERMISSIBLE BENEFIT TO PRIVATE INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE RESEARCHES VARIOUS SALARY STUDIES FOR COMPARABLE DATA IT USES IN ESTABLISHING THE CEO'S SALARY. THE CEO, IN COLLABORATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, RESEARCHES VARIOUS INDEPENDENT SALARY STUDIES FOR COMPARABLE DATA THE FOUNDATION THEN USES FOR ESTABLISHING THE SALARIES OF OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -18,943. UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACTS -5,645,861. CHANGE IN CSV LIFE INSURANCE 15,204. EAGLE PROPERTY HOLDINGS LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 300491606 REAL ESTATE HOLDING COMPANY VA 203371 16288749 UNIVERSITY OF MARY WASHINGTON FOUNDATION EAGLE HOUSING LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 263699705 STUDENT HOUSING PROJECTS HOLDING COMPANY VA 4017170 81688111 UNIVERSITY OF MARY WASHINGTON FOUNDATION EAGLE VILLAGE I LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 261479875 RENTAL PROPERTY-RETAIL VA 1373345 10171040 EAGLE PROPERTY HOLDINGS LLC SNOWDEN STREET LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 300491606 REAL ESTATE VA 0 1753290 EAGLE PROPERTY HOLDINGS LLC EAGLE PIZZA LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 271592906 REAL ESTATE VA 138163 2289455 EAGLE PROPERTY HOLDINGS LLC EAGLE VILLAGE - ROGER DODGER LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 261729320 REAL ESTATE VA 309884 2727505 EAGLE PROPERTY HOLDINGS LLC TRANSITIONAL PROPERTIES LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 271592853 REAL ESTATE VA 36336 313396 EAGLE PROPERTY HOLDINGS LLC EAGLE DEVELOPERS LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 364710338 REAL ESTATE DEVELOPMENT VA 0 970 EAGLE PROPERTY HOLDINGS LLC EAGLE HOSPITALITY LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 453538218 SELECT SERVICE HOTEL VA 3149307 15174180 EAGLE PROPERTY HOLDINGS LLC ACADEMIC VILLAGE LLC 1125 JEFFERSON DAVIS HIGHWAY STE 20 FREDERICKSBURG VA 22401 472547586 REAL ESTATE VA 78663 779623 EAGLE PROPERTY HOLDINGS LLC