WASHINGTON & LEE UNIVERSITY: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: WASHINGTON & LEE UNIVERSITY (EIN 54-0505977)
Tax period: 2018-07-01 to 2019-06-30
Filed: 2020-05-15
IRS object ID: 202031369349302408
Schema version: 2018v3.3
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 C
Schedule D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-05-15T09:51:57-05:00	ReturnTs
Tax Period End	2019-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	8350 Broad Street Suite 900	AddressLine1Txt
City	McLean	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22102	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2018-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	540505977	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WASHINGTON AND LEE UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% DEBORAH Z CAYLOR	InCareOfNm
Business Name Control	WASH	BusinessNameControlTxt
Phone	5404588400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	204 W WASHINGTON STREET	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24450	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	STEVEN G MCALLISTER	PersonNm
Person Title	VP FOR FIN AND TREASURE	PersonTitleTxt
Phone	5404588400	PhoneNum
Signature	2020-05-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Raymond Ly	PreparerPersonNm
PTIN	P01205643	PTIN
Phone	7032868000	PhoneNum
Preparation	2020-05-11	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	199.206.0.5	IPv4AddressTxt

Field	Value	IRS element (for citing)
Federal Original Submission Id	54028020201365000003	FederalOriginalSubmissionId
Federal Original Submission Id	2020-05-15	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	EB2737A96B8F377BD085BED9F3BA68158C374A96	AtSubmissionCreationDeviceId
At Submission Filing Device Id	EB2737A96B8F377BD085BED9F3BA68158C374A96	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2020-09-22 18:59:49Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	WILLIAM C DUDLEY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	204 W WASHINGTON STREET	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24450	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$445,417,599	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.wlu.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1749	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	WASHINGTON AND LEE PROVIDES A LIBERAL ARTS COLLEGE EDUCATION TO ALMOST COLLEGE EDUCATION TO OVER 1,800 UNDERGRADUATE STUDENTS & OFFERS JD & LLM STUDIES TO OVER 390 LAW STUDENTS EACH YEAR.	ActivityOrMissionDesc
Voting Members Governing Body	34	VotingMembersGoverningBodyCnt
Voting Members Independent	33	VotingMembersIndependentCnt
Total Employee	2554	TotalEmployeeCnt
Total Volunteers	1800	TotalVolunteersCnt
Total Gross UBI	-$1,954,490	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$73,001	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$36,167,038	PYContributionsGrantsAmt
CY Contributions Grants	$28,847,238	CYContributionsGrantsAmt
PY Program Service Revenue	$133,266,321	PYProgramServiceRevenueAmt
CY Program Service Revenue	$137,585,778	CYProgramServiceRevenueAmt
PY Investment Income	$53,709,326	PYInvestmentIncomeAmt
CY Investment Income	$116,698,175	CYInvestmentIncomeAmt
PY Other Revenue	$32,094	PYOtherRevenueAmt
CY Other Revenue	$27,449	CYOtherRevenueAmt
PY Total Revenue	$223,174,779	PYTotalRevenueAmt
CY Total Revenue	$283,158,640	CYTotalRevenueAmt
PY Grants And Similar Paid	$49,954,344	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$54,484,704	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$101,846,611	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$107,040,126	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$6,106,245	CYTotalFundraisingExpenseAmt
PY Other Expenses	$71,861,888	PYOtherExpensesAmt
CY Other Expenses	$73,695,680	CYOtherExpensesAmt
PY Total Expenses	$223,662,843	PYTotalExpensesAmt
CY Total Expenses	$235,220,510	CYTotalExpensesAmt
PY Revenues Less Expenses	-$488,064	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$47,938,130	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,074,715,366	TotalAssetsBOYAmt
Total Assets EOY	$2,161,435,497	TotalAssetsEOYAmt
Total Liabilities BOY	$259,821,923	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$278,695,277	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,814,893,443	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,882,740,220	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Activity	611310	ActivityCd
Expense	$168,585,634	ExpenseAmt
Grant	$54,484,704	GrantAmt
Revenue	$137,585,778	RevenueAmt
Desc	PROVIDING A LIBERAL ARTS COLLEGE EDUCATION - SEE SCHEDULE O.	Desc
Total Program Service Expenses	$168,585,634	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	Yes (true)	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (true)	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	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	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	4042	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	2554	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	Yes (true)	ForeignFinancialAccountInd
Foreign Country	CJ	ForeignCountryCd
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	Yes (true)	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	34	GoverningBodyVotingMembersCnt
Independent Voting Member	33	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	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	DEBORAH Z CAYLOR	PersonNm
Phone	5404588400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	204 W WASHINGTON STREET	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	244502116	ZIPCd

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

Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
J DONALD CHILDRESS
RECTOR	6.0	0.0	Yes (X)	$0	$0	$0
WANGDALI C BACDAYAN
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
JAMES L BALDWIN
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
DANA J BOLDEN
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
SCOTT B BOYD
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
JOHN P CASE III
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
MARY C CHOKSI
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
J LAWRENCE CONNOLLY
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
ROGERS L CRAIN
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
BLAIR H DAVIS
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
JAMES E DUNN JR
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
C CHRISTOPHER DYSON
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
DWIGHT H EMANUELSON JR
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
CLIFFORD K HOLEKAMP
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
CLAY T JACKSON
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
GEORGE D JOHNSON III
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
DAVID A LEHMAN
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
JOSEPH W LUTER IV
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
MICHAEL R MCALEVEY
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
MARSHALL B MILLER JR
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
B CRAIG OWENS
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
WILLIAM B PAYNE
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
LAURIE A RACHFORD
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
BRODIE GREGORY RIORDAN
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
ELLEN F ROGOWSKI
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
HELEN H SANDERS
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
JAMES R SMALL
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
TODD L SUTHERLAND
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
ROWAN GP TAYLOR
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
LIZANNE THOMAS
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
WILLIAM M TOLES
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
ANDREA K WAHLQUIST
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
CHRISTOPHER H WILLIAMS
TRUSTEE	4.0	0.0	Yes (X)	$0	$0	$0
WILLIAM C DUDLEY
PRESIDENT AND TRUSTEE	40.0	0.0	Yes (X)	$531,640	$0	$143,338	Yes (X)
JAMES D FARRAR JR
SECRETARY	40.0	0.0		$182,763	$0	$32,958	Yes (X)
STEVEN G MCALLISTER
TREASURER	40.0	0.0		$332,603	$0	$53,489	Yes (X)
MARC C CONNER
PROVOST	40.0	0.0		$282,945	$0	$110,133		Yes (X)
DENNIS W CROSS
VICE PRESIDENT	40.0	0.0		$380,542	$0	$44,897		Yes (X)
BRANT J HELLWIG
DEAN	40.0	0.0		$359,964	$0	$44,897		Yes (X)
ROBERT D STRAUGHAN
DEAN	40.0	0.0		$261,827	$0	$75,910		Yes (X)
JOHANNA E BOND
DEAN	40.0	0.0		$250,546	$0	$42,107			Yes (X)
MARK A DRUMBL
LAW PROFESSOR	40.0	0.0		$268,192	$0	$27,600			Yes (X)
JAMES E MOLITERNO
LAW PROFESSOR	40.0	0.0		$286,200	$0	$42,274			Yes (X)
BRIAN C MURCHISON
LAW PROFESSOR	40.0	0.0		$290,763	$0	$40,991			Yes (X)
ELIZABETH G OLIVER
ASSOCIATE DEAN	40.0	0.0		$255,411	$0	$36,442			Yes (X)
LEANNE M SHANK END 6302018
FORMER GENERAL COUNSEL	40.0	0.0		$364,399	$0	$19,502				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$4,047,795	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$714,538	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	244	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	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
THE WHITING-TURNER CONTRACTING CO
3000 E JOPPA ROAD	BALTIMORE	MD	21286	CONSTRUCTION	$16,413,463
MAKENA CAPITAL LP
2755 SAND HILL ROAD SUITE 200	MENLO PARK	CA	94025	INVESTMENT MGMT	$5,776,156
KJELLSTROM AND LEE INC
1607 OWNBY LANE	RICHMOND	VA	23220	CONSTRUCTION	$4,402,070
INCLINE ALCHEMY
12647 ALCOSTA BLVD SUITE 240	SAN RAMON	CA	94583	CONSULTING	$1,138,025
WORKDAY INC
6110 STONERIDGE MALL ROAD	PLEASANTON	CA	94588	SOFTWARE DEVELOPMENT	$776,985

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	43	CntrctRcvdGreaterThan100KCnt
Government Grants	$980,849	GovernmentGrantsAmt
All Other Contributions	$27,866,389	AllOtherContributionsAmt
Noncash Contributions	$7,601,476	NoncashContributionsAmt
Total Contributions	$28,847,238	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES	611710	$112,270,630	$111,748,215
AUXILIARY SERVICES	611710	$24,355,006	$24,355,006	$522,415
OTHER MISC INCOME	611710	$960,142	$905,583	$54,559

Field	Value	IRS element (for citing)
Total Program Service Revenue	$137,585,778	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$836,572	TotalRevenueColumnAmt
Exclusion	$836,572	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	$27,449	TotalRevenueColumnAmt
Exclusion	$27,449	ExclusionAmt

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	$278,120,562	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$162,258,959	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$115,861,603	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$115,861,603	TotalRevenueColumnAmt
Unrelated Business Revenue	-$2,531,464	UnrelatedBusinessRevenueAmt
Exclusion	$118,393,067	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

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$283,158,640	TotalRevenueColumnAmt
Related Or Exempt Func Income	$137,008,804	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$1,954,490	UnrelatedBusinessRevenueAmt
Exclusion	$119,257,088	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$647,179	TotalAmt
Program Services	$647,179	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$50,962,809	TotalAmt
Program Services	$50,962,809	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$2,874,716	TotalAmt
Program Services	$2,874,716	ProgramServicesAmt

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	$4,010,548	TotalAmt
Program Services	$1,236,274	ProgramServicesAmt
Management And General	$2,342,826	ManagementAndGeneralAmt
Fundraising	$431,448	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	$74,251,384	TotalAmt
Program Services	$52,427,162	ProgramServicesAmt
Management And General	$18,385,812	ManagementAndGeneralAmt
Fundraising	$3,438,410	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$6,484,474	TotalAmt
Program Services	$4,631,341	ProgramServicesAmt
Management And General	$1,533,393	ManagementAndGeneralAmt
Fundraising	$319,740	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$16,953,861	TotalAmt
Program Services	$11,006,575	ProgramServicesAmt
Management And General	$5,389,255	ManagementAndGeneralAmt
Fundraising	$558,031	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$5,339,859	TotalAmt
Program Services	$3,660,916	ProgramServicesAmt
Management And General	$1,421,056	ManagementAndGeneralAmt
Fundraising	$257,887	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$896,017	TotalAmt
Program Services	$609,487	ProgramServicesAmt
Management And General	$286,530	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$254,788	TotalAmt
Program Services	$173,311	ProgramServicesAmt
Management And General	$81,477	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$294,906	TotalAmt
Program Services	$200,600	ProgramServicesAmt
Management And General	$94,306	ManagementAndGeneralAmt

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	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$7,062,750	TotalAmt
Program Services	$4,804,212	ProgramServicesAmt
Management And General	$2,258,538	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,446,765	TotalAmt
Program Services	$749,653	ProgramServicesAmt
Management And General	$462,649	ManagementAndGeneralAmt
Fundraising	$234,463	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$138,526	TotalAmt
Program Services	$63,940	ProgramServicesAmt
Management And General	$74,413	ManagementAndGeneralAmt
Fundraising	$173	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,022,553	TotalAmt
Program Services	$2,028,145	ProgramServicesAmt
Management And General	$942,792	ManagementAndGeneralAmt
Fundraising	$51,616	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$4,312,747	TotalAmt
Program Services	$3,086,186	ProgramServicesAmt
Management And General	$1,220,038	ManagementAndGeneralAmt
Fundraising	$6,523	FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$6,139,745	TotalAmt
Program Services	$2,325,663	ProgramServicesAmt
Management And General	$3,776,484	ManagementAndGeneralAmt
Fundraising	$37,598	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$5,326,896	TotalAmt
Program Services	$4,018,656	ProgramServicesAmt
Management And General	$978,579	ManagementAndGeneralAmt
Fundraising	$329,661	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	$3,719,279	TotalAmt
Program Services	$2,185,605	ProgramServicesAmt
Management And General	$1,371,654	ManagementAndGeneralAmt
Fundraising	$162,020	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$8,676,407	TotalAmt
Program Services	$3,709,033	ProgramServicesAmt
Management And General	$4,967,374	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$18,730,781	TotalAmt
Program Services	$11,042,339	ProgramServicesAmt
Management And General	$7,688,442	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,314,289	TotalAmt
Program Services	$264,480	ProgramServicesAmt
Management And General	$1,049,809	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
COST OF SALES FOR AUXILIARY	$5,314,543	$2,780	$5,311,763	$0
POSTAGE AND PRINTING	$1,793,136	$451,902	$1,104,861	$236,373
DUES AND SUBSCRIPTIONS	$2,008,386	$1,663,655	$321,949	$22,782
ALL OTHER EXPENSES	$3,243,166	$3,759,015	-$535,369	$19,520

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$235,220,510	TotalAmt
Program Services	$168,585,634	ProgramServicesAmt
Management And General	$60,528,631	ManagementAndGeneralAmt
Fundraising	$6,106,245	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$27,662	BOYAmt
EOY	$18,577	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$15,634,650	BOYAmt
EOY	$18,456,610	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$48,250,815	BOYAmt
EOY	$41,656,795	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$96,461	BOYAmt
EOY	$3,083,815	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$959,607	BOYAmt
EOY	$558,677	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	$56,113,626	BOYAmt
EOY	$56,074,133	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,672,068	BOYAmt
EOY	$1,615,537	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$6,375,582	BOYAmt
EOY	$4,669,375	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$571,294,862	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$237,657,009	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$320,591,295	BOYAmt
EOY	$333,637,853	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$224,922,327	BOYAmt
EOY	$187,943,784	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,383,528,546	BOYAmt
EOY	$1,492,895,488	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$14,065,378	BOYAmt
EOY	$14,875,061	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	$2,477,349	BOYAmt
EOY	$5,949,792	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,074,715,366	BOYAmt
EOY	$2,161,435,497	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$16,287,501	BOYAmt
EOY	$17,633,402	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	$1,478,144	BOYAmt
EOY	$1,554,658	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$186,301,327	BOYAmt
EOY	$203,765,983	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	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

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

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$55,754,951	BOYAmt
EOY	$55,741,234	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$259,821,923	BOYAmt
EOY	$278,695,277	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$375,409,017	BOYAmt
EOY	$374,212,370	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$455,261,872	BOYAmt
EOY	$449,900,728	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$984,222,554	BOYAmt
EOY	$1,058,627,122	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,814,893,443	BOYAmt
EOY	$1,882,740,220	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,074,715,366	BOYAmt
EOY	$2,161,435,497	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$47,938,130	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$19,908,647	NetUnrlzdGainsLossesInvstAmt
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)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

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

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$64,119,681	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,777,347	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$32,919,342	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$36,167,038	CurrentTaxYearMinus1YearAmt
Current Tax Year	$28,847,238	CurrentTaxYearAmt
Total	$181,830,646	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	$64,119,681	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,777,347	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$32,919,342	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$36,167,038	CurrentTaxYearMinus1YearAmt
Current Tax Year	$28,847,238	CurrentTaxYearAmt
Total	$181,830,646	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$69,610,493	SubstantialContributorsTotAmt
Public Support Total170	$112,220,153	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,036,258	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$755,380	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$600,755	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$326,178	CurrentTaxYearMinus1YearAmt
Current Tax Year	$864,021	CurrentTaxYearAmt
Total	$3,582,592	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,780,802	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,146,560	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,171,323	CurrentTaxYearMinus1YearAmt
Current Tax Year	$74,001	CurrentTaxYearAmt
Total	$9,172,686	TotalAmt

Other Income170 OtherIncome170Grp

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

Field	Value	IRS element (for citing)
Total Support	$194,585,924	TotalSupportAmt
Public Support CY170	0.57671	PublicSupportCY170Pct
Public Support PY170	0.63460	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 C IRS990ScheduleC

Field	Value	IRS element (for citing)
Total Grassroots Lobbying		TotalGrassrootsLobbyingGrp
Total Direct Lobbying		TotalDirectLobbyingGrp
Total Lobbying Expend		TotalLobbyingExpendGrp
Other Exempt Purpose Expend		OtherExemptPurposeExpendGrp
Total Exempt Purpose Expend		TotalExemptPurposeExpendGrp
Lobbying Nontaxable Amount		LobbyingNontaxableAmountGrp
Grassroots Nontaxable		GrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non Tx		TotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non Tx		TotLbbyExpendMnsLbbyngNonTxGrp
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	Yes (true)	OtherActivitiesInd
Other Activities	$207,171	OtherActivitiesAmt
Total Lobbying Expenditures	$207,171	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE C, PART II-B, LINE 11	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION PAYS MEMBERSHIP DUES TO MEMBER EDUCATIONAL ORGANIZATIONS INCLUDING NACUBO (NATIONAL ASSOCIATION OF COLLEGES AND UNIVERSITY BUSINESS OFFICERS), NAICU (NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES), CICV (COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA), AND ASC (ASSOCIATED COLLEGES OF THE SOUTH) THAT MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO DE MINIMIS LOBBYING ACTIVITIES.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Protection Natural Habitat	Yes (X)	ProtectionNaturalHabitatInd
Preservation Open Space	Yes (X)	PreservationOpenSpaceInd
Total Easements	1	TotalEasementsCnt
Total Acreage	69.00	TotalAcreageCnt
States Easements Held	1	StatesEasementsHeldCnt
Written Policy Monitoring	false	WrittenPolicyMonitoringInd

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Revenues Included	$110,000	RevenuesIncludedAmt
Assets Included	$4,864,180	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Held Works Art		HeldWorksArtGrp
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

Field	Value	IRS element (for citing)
Collection Used Other Purposes	Yes (X)	CollectionUsedOtherPurposesInd
Other Purposes	TEACHING	OtherPurposesDesc

Field	Value	IRS element (for citing)
Solicited Assets Sale	false	SolicitedAssetsSaleInd
Incl Escrow Custodial Acct Liab	false	InclEscrowCustodialAcctLiabInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,129,016,644	BeginningYearBalanceAmt
Contributions	$16,640,954	ContributionsAmt
Investment Earnings Or Losses	$49,843,425	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$27,682,735	GrantsOrScholarshipsAmt
Other Expenditures	$24,181,390	OtherExpendituresAmt
Administrative Expenses	$1,286,594	AdministrativeExpensesAmt
End Year Balance	$1,142,350,304	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,069,842,192	BeginningYearBalanceAmt
Contributions	$15,238,678	ContributionsAmt
Investment Earnings Or Losses	$94,504,129	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$25,901,000	GrantsOrScholarshipsAmt
Other Expenditures	$23,865,791	OtherExpendituresAmt
Administrative Expenses	$801,564	AdministrativeExpensesAmt
End Year Balance	$1,129,016,644	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$995,373,361	BeginningYearBalanceAmt
Contributions	$15,514,799	ContributionsAmt
Investment Earnings Or Losses	$108,933,011	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$25,603,498	GrantsOrScholarshipsAmt
Other Expenditures	$23,275,461	OtherExpendituresAmt
Administrative Expenses	$1,110,020	AdministrativeExpensesAmt
End Year Balance	$1,069,832,192	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,047,786,882	BeginningYearBalanceAmt
Contributions	$17,644,572	ContributionsAmt
Investment Earnings Or Losses	-$21,433,971	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$24,998,305	GrantsOrScholarshipsAmt
Other Expenditures	$22,964,842	OtherExpendituresAmt
Administrative Expenses	$650,975	AdministrativeExpensesAmt
End Year Balance	$995,383,361	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,026,155,485	BeginningYearBalanceAmt
Contributions	$14,587,468	ContributionsAmt
Investment Earnings Or Losses	$50,862,611	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$22,693,864	GrantsOrScholarshipsAmt
Other Expenditures	$19,732,434	OtherExpendituresAmt
Administrative Expenses	$1,392,384	AdministrativeExpensesAmt
End Year Balance	$1,047,786,882	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.23000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.45000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.32000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (true)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$6,123,664	OtherCostOrOtherBasisAmt
Book Value	$6,123,664	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$455,449,119	OtherCostOrOtherBasisAmt
Depreciation	$177,095,097	DepreciationAmt
Book Value	$278,354,022	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$22,731,288	OtherCostOrOtherBasisAmt
Depreciation	$8,718,820	DepreciationAmt
Book Value	$14,012,468	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$62,851,008	OtherCostOrOtherBasisAmt
Depreciation	$43,271,338	DepreciationAmt
Book Value	$19,579,670	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$24,139,783	OtherCostOrOtherBasisAmt
Depreciation	$8,571,754	DepreciationAmt
Book Value	$15,568,029	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$333,637,853	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
LIMITED PARTNERSHIP INTERESTS	$958,937,241	F
FUNDS HELD IN TRUST BY OTHERS	$533,958,247	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$1,492,895,488	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDesc	AmtAmt
SPLIT INTEREST AGREEMENT OBLIG	$31,507,805
POSTRETIREMENT BENEFIT OBLIGAT	$22,079,896
U.S. GOVERNMENT GRANTS REFUNDA	$1,178,673
ASSET RETIREMENT OBLIGATIONS	$465,334
CAPITAL LEASE OBLIGATIONS	$254,773
STUDENT AND OTHER DEPOSITS	$254,753

Field	Value	IRS element (for citing)
Total Liability	$55,741,234	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE D, PART II, QUESTION 9	THE SINGLE CONSERVATION EASEMENT HELD BY THE UNIVERSITY WAS ACQUIRED THROUGH THE PURCHASE OF PROPERTY ADJACENT TO THE UNIVERSITY IN DECEMBER 2010. THE PROPERTY IS HELD AS LAND ON THE BOOKS OF THE UNIVERSITY AND THUS NOT DEPRECIATED. NO REVENUE IS EARNED FROM THE PROPERTY. MAINTENANCE COSTS ARE INCURRED AS NORMAL OPERATING EXPENSES OF THE UNIVERSITY.
SCHEDULE D, PART III, QUESTION 4	PROVIDE A DESCRIPTION OF THE ORGANIZATION'S COLLECTIONS AND EXPLAIN HOW THEY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE: THE MUSEUMS AT WASHINGTON AND LEE UNIVERSITY, WHICH REPORTS TO THE DIRECTOR OF INSTITUTIONAL HISTORY, SUPPORTS THE UNIVERSITY AS AN INTERDISCIPLINARY TEACHING RESOURCE THROUGH THE PRESERVATION, STUDY, INTERPRETATION, AND EXHIBITION OF ITS COLLECTIONS. THE MUSEUMS AT WLU IS COMPOSED OF THREE AREAS THAT ARE ADMINISTERED COLLECTIVELY BY THE DIRECTOR: THE LEE CHAPEL & MUSEUM (LC&M) WAS CREATED IN 1928 IN THE LOWER LEVEL OF THE ORIGINAL COLLEGE CHAPEL, WHICH WAS DESIGNATED A NATIONAL HISTORIC LANDMARK IN 1963. THE LEE CHAPEL COLLECTION IS A UNIQUE AND NATIONALLY SIGNIFICANT LEGACY COLLECTION (FORMED EARLY, WITHOUT PLANNING) THAT WAS GIVEN AND BEQUEATHED TO WASHINGTON AND LEE UNIVERSITY BY LEE FAMILY AND FRIENDS, MUCH OF WHICH WAS ACQUIRED BETWEEN 1897 AND 1928. IT INCLUDES THE WASHINGTON-CUSTIS-LEE COLLECTION OF EARLY AMERICAN PORTRAITS, AS WELL AS HISTORICAL OBJECTS (PERSONAL ARTIFACTS, MILITARY EQUIPMENT, MATERIAL CULTURE, AND FURNISHINGS) RELATED TO THESE IMPORTANT VIRGINIA FAMILIES, AND ESPECIALLY TO GEORGE WASHINGTON, BENEFACTOR OF WASHINGTON ACADEMY, AND ROBERT E. LEE, 11 FURNISHINGS AND CONTENTS OF LEE'S OFFICE AS PRESIDENT (1868-1870), AS WELL AS A SMALL COLLECTION OF HISTORICAL OBJECTS RELATED TO THE HISTORY OF WASHINGTON AND LEE UNIVERSITY. THE REEVES MUSEUM WAS ESTABLISHED IN 1967 FROM A BEQUEST BY EUCHLIN AND LOUISE REEVES. THE REEVES MUSEUM CARES FOR, DISPLAYS AND INTERPRETS W&L'S CERAMIC COLLECTION. THE REEVES COLLECTION OF CERAMICS CONTAINS OVER 3,000 PIECES OF CERAMICS MADE IN ASIA, EUROPE, AND THE AMERICAS OVER FOUR MILLENNIA. THE COLLECTION HAS TWO AREAS OF SPECIAL STRENGTH: THE COLLECTION OF CHINESE EXPORT PORCELAIN MADE FOR THE EUROPEAN AND AMERICAN MARKET BETWEEN 1500 AND 1900, WHICH IS ESTIMATED TO BE THE FOURTH LARGEST IN THE NATION, AND THE COLLECTION OF BRITISH AND CONTINENTAL EUROPEAN EARTHENWARE, STONEWARE, AND PORCELAIN MADE BETWEEN 1600 AND 1900. THE REEVES ALSO MAINTAINS THE UNIVERSITY'S NON-CERAMIC ASIAN ART, AS WELL AS HOUSES THE GOTTWALD GALLEY, DISPLAYING THE PAINTINGS OF LOUISE HERRESHOFF. THE ART COLLECTION IS HOUSED THROUGHOUT THE UNIVERSITY CAMPUS. IT ORIGINATED IN 1874 WITH A GIFT OF FIVE IMPORTANT EARLY AMERICAN PORTRAITS FROM NEWTON MERCER AND EXPANDED GREATLY IN 1884 FROM A LARGE BEQUEST BY VINCENT BRADFORD. SINCE THAT TIME, THE ART COLLECTIONS INCLUDE A SIGNIFICANT COLLECTION OF WESTERN EUROPEAN AND AMERICAN PAINTINGS, WORKS ON PAPER, AND SCULPTURE, WITH PARTICULAR STRENGTH IN 19TH CENTURY AMERICAN LANDSCAPES AND 20TH CENTURY PRINTS.
SCHEDULE D, PART V, Q4	DESCRIBE THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUND: ENDOWMENT IS A TERM USED COMMONLY TO REFER TO THE RESOURCES THAT HAVE BEEN RESTRICTED BY THE DONOR OR DESIGNATED BY THE BOARD OF TRUSTEES THAT WILL BE INVESTED TO PROVIDE FUTURE REVENUE TO SUPPORT THE UNIVERSITY'S ACTIVITIES. BECAUSE TUITION AND FEES REVENUE DOES NOT COVER THE ENTIRE COST OF EDUCATION FOR A STUDENT, ENDOWMENT FUNDS SUPPLEMENT THE COST OF FACULTY SALARIES AND EDUCATIONAL PROGRAMS. THE ENDOWMENT AND CURRENT CONTRIBUTIONS SUPPORT SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS. THE UNIVERSITY ENDOWMENT ALSO PROVIDES FUNDS FOR THE FOLLOWING AREAS > LIBRARY MAINTENANCE AND ACQUISITIONS > FACULTY RESEARCH > PROGRAM COSTS FOR AREAS SUCH AS - ENVIRONMENTAL STUDIES PROGRAM - THE SHEPHERD POVERTY PROGRAM > ATHLETIC PROGRAMS > BUILDINGS AND GROUNDS MAINTENANCE AND IMPROVEMENTS
SCHEDULE D, PART X, FIN 48 FOOTNOTE FROM AUDITED FINANCIAL STATEMENTS:	THE WASHINGTON AND LEE UNIVERSITY HAS BEEN CLASSIFIED AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THUS EXEMPT FROM FEDERAL INCOME TAXES ON ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY DOES NOT BELIEVE THAT THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR COSTS THAT SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERNAL REVENUE SERVICE HAS HELD THAT A VIRGINIA LIMITED LIABILITY COMPANY, TREATED AS A PARTNERSHIP FOR STATE INCOME TAX PURPOSES, WOULD ALSO BE TREATED AS A PARTNERSHIP FOR FEDERAL INCOME TAX PURPOSES. THEREFORE, INCOME TAXES ARE NOT PROVIDED WITH RESPECT TO THE OPERATIONS OF COLONNADE RESTORATION, LLC SINCE EACH MEMBER IS RESPONSIBLE FOR THE INCOME TAX CONSEQUENCES ASSOCIATED WITH ITS PROPORTIONATE SHARE OF SUCH OPERATIONS.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE E, PART I, Q3

ALL POLICIES, INCLUDING THE UNIVERSITY'S NONDISCRIMINATION / EEO STATEMENT ARE POSTED TO THE UNIVERSITY WEBSITE. ALL PROSPECTIVE STUDENTS RECEIVE SOLICITATION MATERIALS THAT OUTLINE THE UNIVERSITY'S NONDISCRIMINATION POLICIES, INCLUDING BUT NOT LIMITED TO DISCRIMINATION ON THE BASIS OF RACE. ANNUALLY, THE UNIVERSITY BROADCASTS THE NONDISCRIMINATION POLICY AND REINFORCES SUPPORT FOR THE UNIVERSITY COMMUNITY TO FOLLOW POLICY. THERE IS ALSO ONGOING CAMPUS-WIDE ORIENTATION AND TRAINING OCCURS ON WHERE ONE CAN FIND POLICIES AND RESOURCES.

SCHEDULE E, PART I, Q6

THE UNIVERSITY ADMINISTERS FEDERAL LOAN AND GRANTS TO STUDENTS THROUGH PROGRAMS SUCH AS PELL AND PERKINS. DURING THE TAX YEAR ENDED JUNE 30, 2019, THE UNIVERSITY HOLDS FEDERAL GRANTS WITH DEPARTMENTS SUCH AS NATIONAL SCIENCE FOUNDATION, DEPARTMENT OF HEALTH AND HUMAN SERVICES, AND THE NATIONAL ENDOWMENT FOR THE HUMANITIES.

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (15 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean	Grantmaking	$70,500
East Asia and the Pacific	Grantmaking	$693,245
Europe	Grantmaking	$253,672
Middle East and North Africa	Grantmaking	$333,893
North America	Grantmaking	$85,656
Russia and Neighboring States	Grantmaking	$143,251
South America	Grantmaking	$161,162
South Asia	Grantmaking	$751,450
Sub-Saharan Africa	Grantmaking	$381,887
Middle East and North Africa	Program Services	$33,621	Study Abroad
East Asia and the Pacific	Program Services	$203,839	Study Abroad
Europe	Program Services	$671,142	Study Abroad
Sub-Saharan Africa	Program Services	$142,800	Study Abroad
South Asia	Program Services	$89,373	Study Abroad
Central America and the Caribbean	Investments	$277,798

Field	Value	IRS element (for citing)
Subtotal Spent	$4,293,289	SubtotalSpentAmt
Total Spent	$4,293,289	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
SCHOLARSHIP	Central America and the Caribbean	1	$70,500	Stdnt Acc Cr
SCHOLARSHIP	East Asia and the Pacific	19	$693,245	Stdnt Acc Cr
SCHOLARSHIP	Europe (Including Iceland and Greenland)	4	$253,672	Stdnt Acc Cr
SCHOLARSHIP	Middle East and North Africa	5	$333,893	Stdnt Acc Cr
SCHOLARSHIP	North America	3	$85,656	Stdnt Acc Cr
SCHOLARSHIP	Russia and the Newly Independent States	2	$143,251	Stdnt Acc Cr
SCHOLARSHIP	South America	4	$161,162	Stdnt Acc Cr
SCHOLARSHIP	South Asia	12	$751,450	Stdnt Acc Cr
SCHOLARSHIP	Sub-Saharan Africa	6	$381,887	Stdnt Acc Cr

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE F - SUPPLEMENTAL INFO	FormAndLineReferenceDesc
Explanation	THE UNIVERSITY ISSUES GRANTS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS, WHICH ALLOWS STUDENTS TO FURTHER THEIR EDUCATION. GRANTED FUNDS ARE CREDITED TO THE STUDENT'S UNIVERSITY BILLING ACCOUNT AND APPLIED TO TUITION, FEES, AND OTHER COSTS OF EDUCATION. IN FISCAL YEAR 2018-2019 THE UNIVERSITY PROVIDED DOMESTIC FINANCIAL AID TO SUPPORT 1,348 STUDENTS. 56 OF THOSE STUDENTS WERE CITIZENS OF OTHER COUNTRIES AS REPORTED IN SCHEDULE F.	ExplanationTxt

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
OMICRON DELTA KAPPA SOCIETY INC
224 MCLAUGHLIN ST	LEXINGTON	VA	24450	611216165	501(C)(3)	$10,000	Program Services
Kendal at Lexington
160 Kendal Drive	LEXINGTON	VA	24450	541795871	501(C)(3)	$20,000	PROGRAM SERVICE
CITY OF LEXINGTON VA
300E WASHINGTON ST	LEXINGTON	VA	24450	546001392		$556,374	PILOT

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Student Financial Aid	GrantTypeTxt
Recipient	1292	RecipientCnt
Cash Grant	$50,962,809	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE I -Supplemental Info	FormAndLineReferenceDesc
Explanation	THE UNIVERSITY ISSUES GRANTS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS, WHICH ALLOWS STUDENTS TO FURTHER THEIR EDUCATION. GRANTED FUNDS ARE CREDITED TO THE STUDENT'S UNIVERSITY BILLING ACCOUNT AND APPLIED TO TUITION, FEES, AND OTHER COSTS OF EDUCATION. IN THE FISCAL YEAR 2018-2019 THE UNIVERSITY PROVIDED DOMESTIC FINANCIAL AID TO SUPPORT 1,292 STUDENTS	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
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
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (true)	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	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 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
WILLIAM C DUDLEY
PRESIDENT AND TRUSTEE	$531,640	$0	$0	$0	$0	$0	$80,818	$0	$62,520	$0	$674,978	$0	$0	$0
JAMES D FARRAR JR
SECRETARY	$182,763	$0	$0	$0	$0	$0	$18,575	$0	$14,383	$0	$215,721	$0	$0	$0
STEVEN G MCALLISTER
TREASURER	$332,603	$0	$0	$0	$0	$0	$27,500	$0	$25,989	$0	$386,092	$0	$0	$0
JOHANNA E BOND
DEAN	$250,546	$0	$0	$0	$0	$0	$25,420	$0	$16,687	$0	$292,653	$0	$0	$0
MARC C CONNER
PROVOST	$282,945	$0	$0	$0	$0	$0	$27,500	$0	$82,633	$0	$393,078	$0	$0	$0
DENNIS W CROSS
VICE PRESIDENT	$380,542	$0	$0	$0	$0	$0	$27,500	$0	$17,397	$0	$425,439	$0	$0	$0
MARK A DRUMBL
LAW PROFESSOR	$268,192	$0	$0	$0	$0	$0	$26,706	$0	$894	$0	$295,792	$0	$0	$0
BRANT J HELLWIG
DEAN	$359,964	$0	$0	$0	$0	$0	$27,500	$0	$17,397	$0	$404,861	$0	$0	$0
JAMES E MOLITERNO
LAW PROFESSOR	$286,200	$0	$0	$0	$0	$0	$27,500	$0	$14,774	$0	$328,474	$0	$0	$0
BRIAN C MURCHISON
LAW PROFESSOR	$290,763	$0	$0	$0	$0	$0	$27,500	$0	$13,491	$0	$331,754	$0	$0	$0
ELIZABETH G OLIVER
ASSOCIATE DEAN	$255,411	$0	$0	$0	$0	$0	$25,656	$0	$10,786	$0	$291,853	$0	$0	$0
LEANNE M SHANK END 6302018
FORMER GENERAL COUNSEL	$121,399	$0	$0	$0	$243,000	$0	$12,150	$0	$7,352	$0	$383,901	$0	$0	$0
ROBERT D STRAUGHAN
DEAN	$261,827	$0	$0	$0	$0	$0	$26,725	$0	$49,185	$0	$337,737	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE J, PART I, LINE 1A	THE PRESIDENT RESIDES IN ON-CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE VALUE OF THIS ON-CAMPUS HOUSING IS $46,070 FOR TWELVE MONTHS AND IS INCLUDED AS A NON-TAXABLE BENEFIT ABOVE IN PART II, COLUMN D. THE RESIDENCE IS USED FOR UNIVERSITY-RELATED BUSINESS AND ENTERTAINMENT PURPOSES ON A REASONABLE AND CONTINUAL BASIS.THE UNIVERSITY ALSO PAYS CLUB DUES OF LESS THAN $250 PER MONTH FOR THE PRESIDENT AND FOR THE VICE PRESIDENT OF ADVANCEMENT AND COMMUNICATIONS. THE CLUB MEMBERSHIPS ARE USED PREDOMINANTLY FOR UNIVERSITY BUSINESS. THE ABOVE BENEFITS WERE TREATED AS TAXABLE INCOME WHEN APPROPRIATE.
SCHEDULE J, PART I, LINE 4A	THE FORMER GENERAL COUNSEL RECEIVED A PAYMENT OF $243,000 UNDER A SEPARATION AGREEMENT DUE TO RETIREMENT FROM THE UNIVERSITY, WHICH AMOUNT IS INCLUDED IN PART II, COLUMN B ABOVE.
SCHEDULE J, PART I, LINE 4B	THE UNIVERSITY PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN SPONSORED BY THE UNIVERSITY. FOR THE CALENDAR YEAR 2018, $53,318 WAS CONTRIBUTED TO THIS PLAN AND IS INCLUDED ABOVE IN PART II, COLUMN C.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
Industrial Development Authority - Lexington City
A	546001392	52976TBG1	2018-08-07	$36,076,396	Capital projects, Refunding 2010	false	false	false
Industrial Development Authority - Lexington City
B	546001392	52976TAH0	2013-07-10	$35,309,019	Renovate dorms and capital project	false	false	false
Industrial Development Authority - Lexington City
C	546001392	000000000	2018-08-07	$15,110,000	Refunding 2015B	false	false	false
Virginia College Building Authority
D	541249154	9277817B4	2015-04-22	$36,897,502	Build dorms, cap projects, refundi	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Substantial CompletionSubstantialCompletionYr
A	$0	$0	$22,356,396	$0	$0	$13,720,000	$338,078	$0	$0	$16,901,290	$0	$5,117,029	false	false	Yes (true)	Yes (true)
B	$0	$0	$35,309,019	$0	$0	$0	$299,959	$0	$0	$35,080,546	$0	$0	false	false	Yes (true)	Yes (true)	2016
C	$0	$0	$105,685	$0	$0	$15,004,315	$105,685	$0	$0	$0	$0	$0	false	false	Yes (true)	Yes (true)	2018
D	$0	$0	$30,459,673	$0	$0	$6,437,829	$308,692	$0	$0	$30,234,883	$0	$0	false	false	Yes (true)	Yes (true)	2017

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Remedial Action TakenRemedialActionTakenInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	false	false	false	false	false	false	false	false	Yes (true)
B	false	false	false	false	false	false	false	false	Yes (true)
C	false	false	false	false	false	false	false	false	Yes (true)
D	false	false	false	false	false	false	false	false	Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Business Name Line1GICProviderName/BusinessNameLine1Txt	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
A	false	Yes (true)	false	Yes (true)	Yes (true)	false	false	0	false	Yes (true)
0
B	false	Yes (true)	false	Yes (true)	Yes (true)	false	false	0	false	Yes (true)
0
C	false	Yes (true)	false	Yes (true)	Yes (true)	false	false	0	false	Yes (true)
0
D	false	Yes (true)	false	Yes (true)	Yes (true)	false	false	0	false	Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (true)
B	Yes (true)
C	Yes (true)
D	Yes (true)

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE K, PART IV, LINE 2C	FormAndLineReferenceDesc
Explanation	THE REBATE COMPUTATION WAS LAST PERFORMED ON AUGUST 16, 2016 AND NOVEMBER 7, 2019 FOR THE INDUSTRIAL DEVELOPMENT AUTHORITY-LEXINGTON CITY BONDS. THE REBATE COMPUTATION WAS LAST PERFORMED ON MAY 24, 2017 FOR VIRGINIA COLLEGE BUILDING AUTHORITY BOND.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
JAMES D FARRAR JR
Employee	Home Mortgage	Yes (X)	$240,000	$146,025	false	false	Yes (true)
JOHANNA E BOND
Employee	Home Mortgage	Yes (X)	$450,000	$368,216	false	false	Yes (true)
DENNIS W CROSS
Employee	Home Mortgage	Yes (X)	$57,525	$41,482	false	false	Yes (true)
BRANT J HELLWIG
Employee	Home Mortgage	Yes (X)	$450,000	$371,170	false	false	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$926,893	TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II - LOANS TO AND/OR FROM INTERESTED PERSONS	FormAndLineReferenceDesc
Explanation	WASHINGTON AND LEE PROVIDES HOUSING LOANS TO FULL-TIME EMPLOYEES. SUCH LOANS MAY BE USED TO PURCHASE, BUILD, OR IMPROVE A PRINCIPAL RESIDENCE IN THE LEXINGTON ROCKBRIDGE COUNTY AREA. INTEREST RATES ON LOANS ARE 25 PERCENT LESS THAN THE INTEREST RATE CHARGED BY LOCAL FINANCIAL INSTITUTIONS FOR RESIDENTIAL MORTGAGE LOANS. IMPUTED INTEREST INCOME RELATED TO A UNIVERSITY-PROVIDED HOUSING LOAN IS INCLUDED IN EMPLOYEE W-2S, AS APPLICABLE, EACH YEAR. AS OF 6/30/19, THE UNIVERSITY HAD 282 EMPLOYEES WITH HOME LOANS OUTSTANDING.THE LOAN PROGRAM IS APPROVED BY THE BOARD OF TRUSTEES AND REVIEWED AS PART OF THE INVESTMENT PORTFOLIO OF THE UNIVERSITY BY THE INVESTMENT COMMITTEE.	ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	13	ContributionCnt
Noncash Contributions Rpt F990	$111,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
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	195	ContributionCnt
Noncash Contributions Rpt F990	$7,490,476	NoncashContributionsRptF990Amt
Method Of Determining Revenues	SELLING PRICE	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
Form8283 Received	6	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III	MISSION STATEMENT OF WASHINGTON AND LEE UNIVERSITY: WASHINGTON AND LEE UNIVERSITY PROVIDES A LIBERAL ARTS EDUCATION THAT DEVELOPS STUDENTS' CAPACITY TO THINK FREELY, CRITICALLY, AND HUMANELY AND TO CONDUCT THEMSELVES WITH HONOR, INTEGRITY, AND CIVILITY. GRADUATES WILL BE PREPARED FOR LIFE-LONG LEARNING, PERSONAL ACHIEVEMENT, RESPONSIBLE LEADERSHIP, SERVICE TO OTHERS, AND ENGAGED CITIZENSHIP IN A GLOBAL AND DIVERSE SOCIETY. Form 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS FOUNDED IN 1749, WASHINGTON AND LEE UNIVERSITY IS NAMED FOR TWO OF THE MOST INFLUENTIAL MEN IN AMERICAN HISTORY: GEORGE WASHINGTON, WHOSE GENEROUS ENDOWMENT OF $20,000 IN 1796 HELPED THE FLEDGLING SCHOOL (THEN KNOWN AS LIBERTY HALL ACADEMY) SURVIVE, AND ROBERT E. LEE, WHOSE PRESIDENCY AND INNOVATIVE LEADERSHIP BROUGHT THE UNIVERSITY INTO THE NATIONAL LIMELIGHT. WASHINGTON AND LEE IS A SMALL, PRIVATE, LIBERAL ARTS UNIVERSITY NESTLED BETWEEN THE BLUE RIDGE AND ALLEGHENY MOUNTAINS IN LEXINGTON, VA. IT IS THE NINTH OLDEST INSTITUTION OF HIGHER LEARNING IN THE NATION. WASHINGTON AND LEE IS COMPOSED OF TWO UNDERGRADUATE DIVISIONS, THE COLLEGE AND THE WILLIAMS SCHOOL OF COMMERCE, ECONOMICS, AND POLITICS; AND A GRADUATE SCHOOL OF LAW. THE MUDD CENTER FOR ETHICS IS A RESOURCE FOR STUDENTS AND FACULTY AT ALL THREE SCHOOLS. THE SCHOOL OF LAW IS HOME TO THE CENTER FOR LAW AND HISTORY, THE FRANCIS LEWIS LAW CENTER, AND THE TRANSNATIONAL LAW INSTITUTE.
FORM 990, PART VI, QUESTION 2	FAMILY OR BUSINESS RELATIONSHIPS A TRUSTEE HAS DISCLOSED THAT SHE IS A DIRECTOR OF A CAR RENTAL COMPANY. WASHINGTON AND LEE UNIVERSITY DOES HAVE A CONTRACTUAL BUSINESS RELATIONSHIP WITH THIS CAR RENTAL COMPANY. HOWEVER, EMPLOYEES MAY RENT FROM THIS COMPANY AT THEIR TRAVEL DESTINATIONS IF THE ARRANGEMENT IS THE MOST ECONOMICAL AVAILABLE BUT THERE IS NO REQUIREMENT. A TRUSTEE HAS DISCLOSED THAT SHE IS A GENERAL COUNSEL AND EXECUTIVE VICE PRESIDENT AT THE CORPORATE OFFICES OF ONE OF THE LOCAL LEXINGTON BANKS. THE UNIVERSITY HAS A RELATIONSHIP WITH THIS BANK THROUGH THE SERIES 2003 BONDS. HOWEVER, THE TRUSTEE WAS NOT ON THE BOARD AT THE TIME THE SERIES 2003 BONDS WERE ISSUED. IN ADDITION, THE SERIES 2003 BONDS WERE PAID IN FULL DURING THE UNIVERSITY'S 2017-2018 FISCAL YEAR. THIS BANK ALONG WITH ANOTHER LOCAL BANK (BANK2) HAVE ANNOUNCED THEIR MERGER FOR THE FUTURE. ALTHOUGH, THIS TRUSTEE MAY PARTICIPATE IN THIS MERGER PROCESS AND BECOME AN OFFICER OF THE NEW MERGED BANKING INSTITUTION, THE UNIVERSITY USE OF BANK2 WAS DONE THROUGH A COMPETITIVE RFP PROCESS. A TRUSTEE HAS DISCLOSED THAT HE WORKS FOR AN INSURANCE COMPANY WHICH IS A SUBSIDARY OF THE UNIVERSITY'S MAIN BANKING RELATIONSHIP. AT ONE TIME THE UNIVERSITY USED THE INSURANCE PORTION OF THIS COMPANY BUT IN 2010 THROUGH A COMPETITIVE RFP PROCESS, THE INSURANCE RELATIONSHIP WAS SEVERED AT THE NAMING OF A NEW INSURANCE BROKERAGE. THIS TRUSTEE LEFT THE EMPLOY OF THIS INSURANCE COMPANY IN EARLY 2018 FOR A COMPANY THAT HAS NO ASSOCIATION WITH THE UNIVERSITY.
Form 990, PART VI, QUESTION 11	990 REVIEW THE 990 IS PREPARED BY THE UNIVERSITY BUSINESS OFFICE AND REVIEWED BY MANAGEMENT. AN OUTSIDE ACCOUNTING AND TAX FIRM COMPILES THE 990 FORMS AND PROVIDES ADDITIONAL CLARIFICATION. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990, AFTER WHICH A COPY IS DISTRIBUTED THROUGH A CONFIDENTIAL WEB PORTAL TO THE ENTIRE BOARD OF TRUSTEES.
Form 990, PART VI, QUESTION 12	CONFLICT OF INTEREST POLICY THE CONFLICT OF INTEREST AND TRANSACTIONS WITH INTERESTED PERSONS POLICY IMPOSES A CONTINUING OBLIGATION TO DISCLOSE POTENTIAL CONFLICTS TO THE OFFICE OF GENERAL COUNSEL OF THE UNIVERSITY. THE CONTROLLER WILL ADVISE THE CHAIR OF THE TRUSTEESHIP COMMITTEE (FOR TRUSTEE AND INTERESTED PERSON DISCLOSURES) AND CHAIR OF THE AUDIT COMMITTEE (FOR EMPLOYEE DISCLOSURES) REGARDING ANY POTENTIAL CONFLICTS OF INTEREST AMONG THESE PERSONS. THE TRUSTEESHIP COMMITTEE FOR TRUSTEES AND INTERESTED PERSONS AND THE AUDIT COMMITTEE FOR EMPLOYEES, HAVE THE AUTHORITY TO OVERSEE AND DECIDE WHETHER AN INDIVIDUAL COVERED UNDER THE POLICY SHOULD DISCLOSE HIS OR HER INTEREST TO THE BOARD AND RECUSE HIM OR HERSELF IN MATTERS WHERE A POTENTIAL CONFLICT MAY EXIST. THEY ALSO DECIDE WHETHER ANY DISCLOSED POTENTIAL CONFLICTS RISE TO THE LEVEL OF EXCESS BENEFIT TRANSACTIONS OR UNMANAGEABLE CONFLICTS. THE GENERAL COUNSEL WILL MAKE A PERMANENT RECORD OF DISCLOSED POTENTIAL CONFLICTS, WHICH IS AVAILABLE TO ANY TRUSTEE OR OTHER PERSONS AUTHORIZED BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE AND AUDIT COMMITTEE. THE POLICY DEFINES THE MEANS TO DISCLOSE, RESOLVE AND MANAGE REAL, APPARENT OR POTENTIAL CONFLICTS. A CONFLICT OF INTEREST POLICY IS IN PLACE FOR ALL OTHER EMPLOYEES AND FINANCIAL AND FINANCIAL AID PERSONNEL REVIEW THEIR RESPECTIVE CODES OF CONDUCT/ETHICS ANNUALLY.
Form 990, PART VI, QUESTION 15	EXECUTIVE COMPENSATION THE POLICY ON GUIDELINES FOR REVIEWING EXECUTIVE COMPENSATION OUTLINES THE PROCESS TO BE FOLLOWED. THE BOARD OF TRUSTEES, OR ITS EXECUTIVE COMMITTEE, IS CHARGED WITH THOROUGHLY REVIEWING THE PRESIDENT'S COMPENSATION, AS WELL AS ASSESSING AND APPROVING THE REASONABLENESS OF THE COMPENSATION. THE REVIEW OF PRESIDENTIAL COMPENSATION INCLUDES EVALUATION OF MARKET DATA AND COMPARISON TO PEER SCHOOLS. THE FULL BOARD OF TRUSTEES APPROVES COMPENSATION FOR THE PRESIDENT. THE BOARD ALSO CONDUCTS A THOROUGH REVIEW OF THE PRESIDENT'S PERFORMANCE FROM THE PRIOR YEAR AT THIS TIME. THE UNIVERSITY GENERAL COUNSEL RECORDS MINUTES OF THE MEETINGS REGARDING THE PRESIDENT'S COMPENSATION, AND RETAINS COPIES OF THE PERFORMANCE REVIEWS. FOR OTHER EXECUTIVES AND OFFICERS, THE PRESIDENT AND EXECUTIVE DIRECTOR OF HUMAN RESOURCES REVIEW FINANCIAL BUDGETS, EMPLOYEE PERFORMANCE, AND BENCHMARK DATA FOR SIMILAR POSITIONS AT PEER SCHOOLS TO DETERMINE REASONABLENESS OF COMPENSATION.
Form 990, PART VI, QUESTION 19 - AVAILABILITY OF DOCUMENTS	THE UNIVERSITY MAKES ITS GOVERNANCE DOCUMENTS, SUCH AS THE CHARTER AND BYLAWS, AVAILABLE ON THE UNIVERSITY WEBSITE UNDER THE OFFICE OF GENERAL COUNSEL, POLICIES AND LEGAL NOTICES, BOARD POLICIES AND STATEMENTS. THE CONFLICT OF INTEREST POLICIES, STATEMENT OF ETHICAL PRINCIPLES, CODES OF CONDUCT/ETHICS ARE ALSO POSTED AT THE SAME WEBSITE ADDRESS. FINANCIAL STATEMENTS ARE SUMMARIZED ON THE OFFICE OF THE TREASURER WEB PAGE. COPIES OF AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE UNIVERSITY TREASURER. THE UNIVERSITY WEBSITE IS WWW.WLU.EDU
Form 990, PART XII - FINANCIAL STATEMENTS AND REPORTING	IN YEARS PRIOR TO TAX YEAR 2010, THE FINANCIAL STATEMENTS OF THE UNIVERSITY HAVE BEEN REPORTED ON A SEPARATE BASIS, AS NO OTHER AFFILIATES EXISTED. ON NOVEMBER 15, 2010, COLONNADE RESTORATION, LLC, A VIRGINIA LIMITED LIABILITY COMPANY AND CONTROLLED AFFILIATE OF THE UNIVERSITY, WAS FORMED FOR THE PURPOSE OF RESTORING, REHABILITATING, CONSTRUCTING AND DEVELOPING THE HISTORIC BUILDINGS ON THE UNIVERSITY GROUNDS KNOWN COLLECTIVELY AS THE COLONNADE. COLONNADE RESTORATION, LLC WAS FORMED SO THAT THE RENOVATION EXPENDITURES INCURRED ON THE REHABILITATION PROJECTS DESIGNATED BY THE VIRGINIA DEPARTMENT OF HISTORIC RESOURCES WILL SUPPORT VIRGINIA HISTORIC TAX CREDITS CERTIFIED TO COLONNADE RESTORATION, LLC FOR ALLOCATION TO ITS MEMBERS. THE UNIVERSITY HAS NO MEMBERSHIP INTEREST IN COLONNADE RESTORATION, LLC BUT RATHER CONTROLS THE AFFILIATE THROUGH VARIOUS LEASING ARRANGEMENTS. THOSE VARIOUS LEASING ARRANGEMENTS WERE SATISFIED AND TERMINATED IN MARCH 2018.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd	EINEIN
CHARITABLE REMAINDER TRUSTS (51)
C/0 BNY MELLON NA PO BOX 185	Pittsburgh	PA	15230	CRUT	VA	W&L UNIVERSITY	Trust	Yes (true)
CHARITABLE LEAD TRUSTS (2)
C/0 BNY MELLON NA PO BOX 186	Pittsburgh	PA	15230	CLAT	VA	W&L UNIVERSITY	Trust	Yes (true)
POOLED INCOME FUND
C/0 BNY MELLON NA PO BOX 187	Pittsburgh	PA	152300185	CRAT	VA	W&L UNIVERSITY	Trust	Yes (true)	546123755
ANNUITIES (5)
C/0 BNY MELLON NA PO BOX 188	Pittsburgh	PA	152300185	CRAT	VA	W&L UNIVERSITY	Trust	Yes (true)	586291330

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	FORM 990 PART IV, LINE (1), COLUMN (C)	FormAndLineReferenceDesc
Explanation	LEGAL DOMICILE OF TRUST THE CHARITABLE REMAINDER TRUSTS ARE LEGALLY DOMICILED IN DC, FL, GA, KY, MA, MD, MO, NC, NH, NJ, OH, PA, SC, TN, TX, VA, VT, WY.	ExplanationTxt