2020-05-15T09:51:57-05:00 2019-06-30 KPMG LLP 8350 Broad Street Suite 900 McLean VA 22102 990 2018-07-01 540505977 WASHINGTON AND LEE UNIVERSITY % DEBORAH Z CAYLOR WASH 5404588400 204 W WASHINGTON STREET LEXINGTON VA 24450 STEVEN G MCALLISTER VP FOR FIN AND TREASURE 5404588400 2020-05-14 true Raymond Ly P01205643 7032868000 2020-05-11 199.206.0.5 54028020201365000003 2020-05-15 P EB2737A96B8F377BD085BED9F3BA68158C374A96 EB2737A96B8F377BD085BED9F3BA68158C374A96 2018 2020-09-22 18:59:49Z WILLIAM C DUDLEY 204 W WASHINGTON STREET LEXINGTON VA 24450 445417599 false X www.wlu.edu X 1749 VA 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. 34 33 2554 1800 -1954490 73001 36167038 28847238 133266321 137585778 53709326 116698175 32094 27449 223174779 283158640 49954344 54484704 0 0 101846611 107040126 0 0 6106245 71861888 73695680 223662843 235220510 -488064 47938130 2074715366 2161435497 259821923 278695277 1814893443 1882740220 X false false 611310 168585634 54484704 137585778 PROVIDING A LIBERAL ARTS COLLEGE EDUCATION - SEE SCHEDULE O. 168585634 true true false true false false true true false true true true false false true true false true true false true false true false false false false true true true true false false false false false true false false false false true true false false false true false false false true 4042 0 true 2554 true true true true CJ false false false false false false false false false true X 34 33 true false false false false false false true true false false true true true true true true true false false VA X DEBORAH Z CAYLOR 5404588400 204 W WASHINGTON STREET LEXINGTON VA 244502116 X J DONALD CHILDRESS RECTOR 6.0 0.0 X 0 0 0 WANGDALI C BACDAYAN TRUSTEE 4.0 0.0 X 0 0 0 JAMES L BALDWIN TRUSTEE 4.0 0.0 X 0 0 0 DANA J BOLDEN TRUSTEE 4.0 0.0 X 0 0 0 SCOTT B BOYD TRUSTEE 4.0 0.0 X 0 0 0 JOHN P CASE III TRUSTEE 4.0 0.0 X 0 0 0 MARY C CHOKSI TRUSTEE 4.0 0.0 X 0 0 0 J LAWRENCE CONNOLLY TRUSTEE 4.0 0.0 X 0 0 0 ROGERS L CRAIN TRUSTEE 4.0 0.0 X 0 0 0 BLAIR H DAVIS TRUSTEE 4.0 0.0 X 0 0 0 JAMES E DUNN JR TRUSTEE 4.0 0.0 X 0 0 0 C CHRISTOPHER DYSON TRUSTEE 4.0 0.0 X 0 0 0 DWIGHT H EMANUELSON JR TRUSTEE 4.0 0.0 X 0 0 0 CLIFFORD K HOLEKAMP TRUSTEE 4.0 0.0 X 0 0 0 CLAY T JACKSON TRUSTEE 4.0 0.0 X 0 0 0 GEORGE D JOHNSON III TRUSTEE 4.0 0.0 X 0 0 0 DAVID A LEHMAN TRUSTEE 4.0 0.0 X 0 0 0 JOSEPH W LUTER IV TRUSTEE 4.0 0.0 X 0 0 0 MICHAEL R MCALEVEY TRUSTEE 4.0 0.0 X 0 0 0 MARSHALL B MILLER JR TRUSTEE 4.0 0.0 X 0 0 0 B CRAIG OWENS TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM B PAYNE TRUSTEE 4.0 0.0 X 0 0 0 LAURIE A RACHFORD TRUSTEE 4.0 0.0 X 0 0 0 BRODIE GREGORY RIORDAN TRUSTEE 4.0 0.0 X 0 0 0 ELLEN F ROGOWSKI TRUSTEE 4.0 0.0 X 0 0 0 HELEN H SANDERS TRUSTEE 4.0 0.0 X 0 0 0 JAMES R SMALL TRUSTEE 4.0 0.0 X 0 0 0 TODD L SUTHERLAND TRUSTEE 4.0 0.0 X 0 0 0 ROWAN GP TAYLOR TRUSTEE 4.0 0.0 X 0 0 0 LIZANNE THOMAS TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM M TOLES TRUSTEE 4.0 0.0 X 0 0 0 ANDREA K WAHLQUIST TRUSTEE 4.0 0.0 X 0 0 0 CHRISTOPHER H WILLIAMS TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM C DUDLEY PRESIDENT AND TRUSTEE 40.0 0.0 X X 531640 0 143338 JAMES D FARRAR JR SECRETARY 40.0 0.0 X 182763 0 32958 STEVEN G MCALLISTER TREASURER 40.0 0.0 X 332603 0 53489 MARC C CONNER PROVOST 40.0 0.0 X 282945 0 110133 DENNIS W CROSS VICE PRESIDENT 40.0 0.0 X 380542 0 44897 BRANT J HELLWIG DEAN 40.0 0.0 X 359964 0 44897 ROBERT D STRAUGHAN DEAN 40.0 0.0 X 261827 0 75910 JOHANNA E BOND DEAN 40.0 0.0 X 250546 0 42107 MARK A DRUMBL LAW PROFESSOR 40.0 0.0 X 268192 0 27600 JAMES E MOLITERNO LAW PROFESSOR 40.0 0.0 X 286200 0 42274 BRIAN C MURCHISON LAW PROFESSOR 40.0 0.0 X 290763 0 40991 ELIZABETH G OLIVER ASSOCIATE DEAN 40.0 0.0 X 255411 0 36442 LEANNE M SHANK END 6302018 FORMER GENERAL COUNSEL 40.0 0.0 X 364399 0 19502 4047795 0 714538 244 true true false THE WHITING-TURNER CONTRACTING CO 3000 E JOPPA ROAD BALTIMORE MD 21286 CONSTRUCTION 16413463 MAKENA CAPITAL LP 2755 SAND HILL ROAD SUITE 200 MENLO PARK CA 94025 INVESTMENT MGMT 5776156 KJELLSTROM AND LEE INC 1607 OWNBY LANE RICHMOND VA 23220 CONSTRUCTION 4402070 INCLINE ALCHEMY 12647 ALCOSTA BLVD SUITE 240 SAN RAMON CA 94583 CONSULTING 1138025 WORKDAY INC 6110 STONERIDGE MALL ROAD PLEASANTON CA 94588 SOFTWARE DEVELOPMENT 776985 43 980849 27866389 7601476 28847238 TUITION AND FEES 611710 112270630 111748215 AUXILIARY SERVICES 611710 24355006 24355006 522415 OTHER MISC INCOME 611710 960142 905583 54559 137585778 836572 836572 0 27449 27449 0 0 0 278120562 162258959 115861603 115861603 -2531464 118393067 0 0 0 0 0 0 0 0 0 0 283158640 137008804 -1954490 119257088 647179 647179 50962809 50962809 2874716 2874716 0 4010548 1236274 2342826 431448 0 74251384 52427162 18385812 3438410 6484474 4631341 1533393 319740 16953861 11006575 5389255 558031 5339859 3660916 1421056 257887 896017 609487 286530 254788 173311 81477 294906 200600 94306 0 0 7062750 4804212 2258538 1446765 749653 462649 234463 138526 63940 74413 173 3022553 2028145 942792 51616 4312747 3086186 1220038 6523 0 6139745 2325663 3776484 37598 5326896 4018656 978579 329661 0 3719279 2185605 1371654 162020 8676407 3709033 4967374 0 18730781 11042339 7688442 1314289 264480 1049809 COST OF SALES FOR AUXILIARY 5314543 2780 5311763 0 POSTAGE AND PRINTING 1793136 451902 1104861 236373 DUES AND SUBSCRIPTIONS 2008386 1663655 321949 22782 ALL OTHER EXPENSES 3243166 3759015 -535369 19520 235220510 168585634 60528631 6106245 27662 18577 15634650 18456610 48250815 41656795 96461 3083815 959607 558677 0 0 56113626 56074133 1672068 1615537 6375582 4669375 571294862 237657009 320591295 333637853 224922327 187943784 1383528546 1492895488 14065378 14875061 0 0 2477349 5949792 2074715366 2161435497 16287501 17633402 0 0 1478144 1554658 186301327 203765983 0 0 0 0 0 0 0 0 55754951 55741234 259821923 278695277 X 375409017 374212370 455261872 449900728 984222554 1058627122 1814893443 1882740220 2074715366 2161435497 47938130 19908647 X false true X true true true X 64119681 19777347 32919342 36167038 28847238 181830646 0 0 64119681 19777347 32919342 36167038 28847238 181830646 69610493 112220153 1036258 755380 600755 326178 864021 3582592 2780802 2146560 0 4171323 74001 9172686 0 194585924 0.57671 0.63460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 207171 207171 false SCHEDULE C, PART II-B, LINE 11 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. X X 1 69.00 1 false 110000 4864180 X X X X X TEACHING false false 1129016644 16640954 49843425 27682735 24181390 1286594 1142350304 1069842192 15238678 94504129 25901000 23865791 801564 1129016644 995373361 15514799 108933011 25603498 23275461 1110020 1069832192 1047786882 17644572 -21433971 24998305 22964842 650975 995383361 1026155485 14587468 50862611 22693864 19732434 1392384 1047786882 0.23000 0.45000 0.32000 true false 0 6123664 6123664 0 455449119 177095097 278354022 0 22731288 8718820 14012468 0 62851008 43271338 19579670 0 24139783 8571754 15568029 333637853 LIMITED PARTNERSHIP INTERESTS 958937241 F FUNDS HELD IN TRUST BY OTHERS 533958247 F 1492895488 0 SPLIT INTEREST AGREEMENT OBLIG 31507805 POSTRETIREMENT BENEFIT OBLIGAT 22079896 U.S. GOVERNMENT GRANTS REFUNDA 1178673 ASSET RETIREMENT OBLIGATIONS 465334 CAPITAL LEASE OBLIGATIONS 254773 STUDENT AND OTHER DEPOSITS 254753 55741234 X 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. true true true true true true true false false false false false false false false true false true 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. true Central America and the Caribbean Grantmaking 70500 East Asia and the Pacific Grantmaking 693245 Europe Grantmaking 253672 Middle East and North Africa Grantmaking 333893 North America Grantmaking 85656 Russia and Neighboring States Grantmaking 143251 South America Grantmaking 161162 South Asia Grantmaking 751450 Sub-Saharan Africa Grantmaking 381887 Middle East and North Africa Program Services Study Abroad 33621 East Asia and the Pacific Program Services Study Abroad 203839 Europe Program Services Study Abroad 671142 Sub-Saharan Africa Program Services Study Abroad 142800 South Asia Program Services Study Abroad 89373 Central America and the Caribbean Investments 277798 4293289 4293289 SCHOLARSHIP Central America and the Caribbean 1 70500 Stdnt Acc Cr SCHOLARSHIP East Asia and the Pacific 19 693245 Stdnt Acc Cr SCHOLARSHIP Europe (Including Iceland and Greenland) 4 253672 Stdnt Acc Cr SCHOLARSHIP Middle East and North Africa 5 333893 Stdnt Acc Cr SCHOLARSHIP North America 3 85656 Stdnt Acc Cr SCHOLARSHIP Russia and the Newly Independent States 2 143251 Stdnt Acc Cr SCHOLARSHIP South America 4 161162 Stdnt Acc Cr SCHOLARSHIP South Asia 12 751450 Stdnt Acc Cr SCHOLARSHIP Sub-Saharan Africa 6 381887 Stdnt Acc Cr true false true true true false SCHEDULE F - SUPPLEMENTAL INFO 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. true OMICRON DELTA KAPPA SOCIETY INC 224 MCLAUGHLIN ST LEXINGTON VA 24450 611216165 501(C)(3) 10000 Program Services Kendal at Lexington 160 Kendal Drive LEXINGTON VA 24450 541795871 501(C)(3) 20000 PROGRAM SERVICE CITY OF LEXINGTON VA 300E WASHINGTON ST LEXINGTON VA 24450 546001392 556374 PILOT 3 0 Student Financial Aid 1292 50962809 SCHEDULE I -Supplemental Info 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 X X true true X X X true true false false false false false false false WILLIAM C DUDLEY PRESIDENT AND TRUSTEE 531640 0 0 0 0 0 80818 0 62520 0 674978 0 0 0 JAMES D FARRAR JR SECRETARY 182763 0 0 0 0 0 18575 0 14383 0 215721 0 0 0 STEVEN G MCALLISTER TREASURER 332603 0 0 0 0 0 27500 0 25989 0 386092 0 0 0 JOHANNA E BOND DEAN 250546 0 0 0 0 0 25420 0 16687 0 292653 0 0 0 MARC C CONNER PROVOST 282945 0 0 0 0 0 27500 0 82633 0 393078 0 0 0 DENNIS W CROSS VICE PRESIDENT 380542 0 0 0 0 0 27500 0 17397 0 425439 0 0 0 MARK A DRUMBL LAW PROFESSOR 268192 0 0 0 0 0 26706 0 894 0 295792 0 0 0 BRANT J HELLWIG DEAN 359964 0 0 0 0 0 27500 0 17397 0 404861 0 0 0 JAMES E MOLITERNO LAW PROFESSOR 286200 0 0 0 0 0 27500 0 14774 0 328474 0 0 0 BRIAN C MURCHISON LAW PROFESSOR 290763 0 0 0 0 0 27500 0 13491 0 331754 0 0 0 ELIZABETH G OLIVER ASSOCIATE DEAN 255411 0 0 0 0 0 25656 0 10786 0 291853 0 0 0 LEANNE M SHANK END 6302018 FORMER GENERAL COUNSEL 121399 0 0 0 243000 0 12150 0 7352 0 383901 0 0 0 ROBERT D STRAUGHAN DEAN 261827 0 0 0 0 0 26725 0 49185 0 337737 0 0 0 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. A Industrial Development Authority - Lexington City 546001392 52976TBG1 2018-08-07 36076396 Capital projects, Refunding 2010 false false false B Industrial Development Authority - Lexington City 546001392 52976TAH0 2013-07-10 35309019 Renovate dorms and capital project false false false C Industrial Development Authority - Lexington City 546001392 000000000 2018-08-07 15110000 Refunding 2015B false false false D Virginia College Building Authority 541249154 9277817B4 2015-04-22 36897502 Build dorms, cap projects, refundi false false false A 0 0 22356396 0 0 13720000 338078 0 0 16901290 0 5117029 false false true true B 0 0 35309019 0 0 0 299959 0 0 35080546 0 0 2016 false false true true C 0 0 105685 0 0 15004315 105685 0 0 0 0 0 2018 false false true true D 0 0 30459673 0 0 6437829 308692 0 0 30234883 0 0 2017 false false true true A false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true C false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true false true true false 0 false 0 false true B false true false true true false 0 false 0 false true C false true false true true false 0 false 0 false true D false true false true true false 0 false 0 false true A true B true C true D true SCHEDULE K, PART IV, LINE 2C 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. JAMES D FARRAR JR Employee Home Mortgage X 240000 146025 false false true JOHANNA E BOND Employee Home Mortgage X 450000 368216 false false true DENNIS W CROSS Employee Home Mortgage X 57525 41482 false false true BRANT J HELLWIG Employee Home Mortgage X 450000 371170 false false true 926893 PART II - LOANS TO AND/OR FROM INTERESTED PERSONS 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. X 13 111000 APPRAISAL X 195 7490476 SELLING PRICE 6 false true false 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. CHARITABLE REMAINDER TRUSTS (51) C/0 BNY MELLON NA PO BOX 185 Pittsburgh PA 15230 CRUT VA W&L UNIVERSITY Trust true CHARITABLE LEAD TRUSTS (2) C/0 BNY MELLON NA PO BOX 186 Pittsburgh PA 15230 CLAT VA W&L UNIVERSITY Trust true POOLED INCOME FUND C/0 BNY MELLON NA PO BOX 187 Pittsburgh PA 152300185 546123755 CRAT VA W&L UNIVERSITY Trust true ANNUITIES (5) C/0 BNY MELLON NA PO BOX 188 Pittsburgh PA 152300185 586291330 CRAT VA W&L UNIVERSITY Trust true false false false false false false false false false false false false false false false false false false false FORM 990 PART IV, LINE (1), COLUMN (C) 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.