UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION (EIN 54-6046419)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201401349349306235
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T15:10:32-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135381590 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7101 WISCONSIN AVE SUITE 800 | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 208144827 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546046419 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 4349244879 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7263 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 22906 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAURA B TERRY | Name |
| Title | CFO & TREASURER | Title |
| Phone | 4349244879 | Phone |
| Date Signed | 2014-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOYCE M UNDERWOOD | Name |
| PTIN | P00022361 | PTIN |
| Phone | 3016544900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LOCKE W OGENS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7263 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 22906 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 99145654 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.DARDEN.VIRGINIA.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1952 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | THE UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE THE ADVANCEMENT AND FURTHER THE AIMS AND PURPOSES OF THE DARDEN GRADUATE SCHOOL OF BUSINESS ADMINISTRATION OF THE UNIVERSITY OF VIRGINIA. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 49 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 42 | NbrIndependentVotingMembers |
| Total Nbr Employees | 214 | TotalNbrEmployees |
| Total Nbr Volunteers | 49 | TotalNbrVolunteers |
| Total Gross UBI | 1308910 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -89866 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 22854685 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 13313278 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 24062253 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23061515 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7182086 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7443027 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 330850 | OtherRevenuePriorYear |
| Other Revenue Current Year | 6546364 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 54429874 | TotalRevenuePriorYear |
| Total Revenue Current Year | 50364184 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 14914732 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 14206210 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11397200 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11484121 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2516462 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16077321 | OtherExpensePriorYear |
| Other Expenses Current Year | 14746066 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 42389253 | TotalExpensesPriorYear |
| Total Expenses Current Year | 40436397 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 12040621 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9927787 | RevenuesLessExpensesCY |
| Total Assets BOY | 346497572 | TotalAssetsBOY |
| Total Assets EOY | 358942878 | TotalAssetsEOY |
| Total Liabilities BOY | 47393037 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 27777163 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 299104535 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 331165715 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE THE ADVANCEMENT AND FURTHER THE AIMS AND PURPOSES OF THE DARDEN GRADUATE SCHOOL OF BUSINESS ADMINISTRATION OF THE UNIVERSITY OF VIRGINIA. THE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE EXCLUSIVE BENEFIT OF THE DARDEN SCHOOL, OPERATES THE SCHOOL'S TOP-RANKED EXECUTIVE EDUCATION PROGRAM AND PROMOTES PHILANTHROPIC SUPPORT BY ALUMNI, FRIENDS, AND CORPORATIONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 34860110 | Expense |
| Grants | 14206210 | Grants |
| Revenue | 23382879 | Revenue |
| Description | THE UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE THE ADVANCEMENT AND FURTHER THE AIMS AND PURPOSES OF THE DARDEN GRADUATE SCHOOL OF BUSINESS ADMINISTRATION OF THE UNIVERSITY OF VIRGINIA. TO ACHIEVE THIS PURPOSE, THE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE EXCLUSIVE BENEFIT OF THE DARDEN SCHOOL, OPERATES THE SCHOOL'S TOP-RANKED EXECUTIVE EDUCATION PROGRAM, AND PROMOTES PHILANTHROPIC SUPPORT OF THE SCHOOL BY ALUMNI, FRIENDS, AND CORPORATIONS. FUNDS PROVIDED ANNUALLY TO THE SCHOOL BY THE FOUNDATION CONTRIBUTE TO ALL PHASES OF LIFE AT DARDEN. | Description |
| Total Program Service Expense | 34860110 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 272 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 214 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 49 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 42 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAURA B TERRY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4349244879 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 DARDEN BLVD | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 22903 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (65 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per Week RelatedAverageHoursPerWeekRelated | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|---|
| THOMAS J BALTIMORE JR | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| WL LYONS BROWN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| ROBERT F BRUNER | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 529372 | 75895 | 50.00 | ||||
| SUSAN CHAPLINSKY | ||||||||||
| TRUSTEE | 1.00 | X | 5000 | 287611 | 34055 | 50.00 | ||||
| G DAVID CHEEK | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| JAMES SU-TING CHENG | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| VIDYANIDHI N DALMIA | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| MICHAEL A DECOLA | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| KENNETH M EADES | ||||||||||
| TRUSTEE | 1.00 | X | 36300 | 288605 | 37890 | 50.00 | ||||
| KAREN K EDWARDS | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| LOUIS G ELSON | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| JOHN M FARRELL JR | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| JENNIFER MCENERY FINN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| JOHN D FOWLER | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| CATHERINE J FRIEDMAN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| DONALD W GOODMAN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| KIRSTI A GOODWIN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| GORDON GRAND III | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| EDWIN B HOOPER III | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| ROBERT J HUGIN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| MARTINA T HUND-MEJEAN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| WILLIAM I HUYETT | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| LEMUEL E LEWIS | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| LUANN J LYNCH | ||||||||||
| TRUSTEE | 1.00 | X | 40320 | 288415 | 47150 | 50.00 | ||||
| JOHN G MACFARLANE III | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| CAROLYN S MILES | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| DOUGLAS T MOORE | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| MARSHALL N MORTON | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| MICHAEL O'NEILL | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| RICHARD M PASCHAL | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| LEWIS F PAYNE | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| ZHIYUAN PENG | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| SCOTT A PRICE | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| HARRY T REIN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| GARY ROUGHEAD | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| FRANK M SANDS SR | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| FRANK M SANDS JR | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| BRYAN H SIMMS | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| JOHN D SIMON | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 454518 | 148027 | 50.00 | ||||
| HENRY F SKELSEY | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| SUSAN SOBBOTT | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| JOHN R STRANGFELD JR | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| MICHAEL STRINE | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 1158060 | 90714 | 50.00 | ||||
| TERESA A SULLIVAN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 633343 | 441381 | 50.00 | ||||
| GEORGE S TAHIJA | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| WILLIAM P UTT | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| THOMAS R WATJEN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| ROGER L WERNER JR | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| ELIZABETH K WEYMOUTH | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| VANESSA A WITTMAN | ||||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||||
| PHILIP W KNISELY | ||||||||||
| CHAIRMAN | 5.00 | X | 0 | 0 | 0 | X | ||||
| JAMES A COOPER | ||||||||||
| VICE CHAIRMAN | 5.00 | X | 0 | 0 | 0 | X | ||||
| NORWOOD H DAVIS III | ||||||||||
| PRESIDENT & SECRETARY | 50.00 | X | 451621 | 0 | 68932 | X | ||||
| ERIKA H JAMES | ||||||||||
| SR. ASSOCIATE DEAN FOR EXECUTIVE ED. | 1.00 | 115950 | 244187 | 26822 | 50.00 | X | ||||
| EUGENE R MEONI | ||||||||||
| GENERAL MANAGER, HOSPITALITY | 50.00 | 197639 | 0 | 39056 | X | |||||
| LAURA B TERRY | ||||||||||
| CHIEF FINANCIAL OFFICER/TREASURER | 50.00 | 200107 | 0 | 38608 | X | |||||
| MICHAEL J WOODFOLK | ||||||||||
| EXECUTIVE DIRECTOR, ALUMNI SERVICES | 50.00 | 187036 | 0 | 24875 | X | |||||
| WILLIAM CARTER HOERR | ||||||||||
| EXECUTIVE DIRECTOR, ADVANCEMENT | 50.00 | 224753 | 0 | 12447 | X | |||||
| LEANN M BUNTROCK | ||||||||||
| EXEC. DIR. - DARDEN/CURRY PARTNERSHIP | 50.00 | 176965 | 0 | 26337 | X | |||||
| LUCIANO CENTINI | ||||||||||
| SENIOR DIRECTOR, EXECUTIVE EDUCATION | 50.00 | 237113 | 0 | 33908 | X | |||||
| THOMAS A CROSS | ||||||||||
| SENIOR DIRECTOR, EXECUTIVE EDUCATION | 50.00 | 206645 | 0 | 29105 | X | |||||
| DEAN W KREHMEYER | ||||||||||
| EXEC. DIR.- INITIATIVE FOR BUSINESS IN SOCIETY | 50.00 | 226750 | 0 | 36460 | X | |||||
| CONSTANCE D ENGLISH | ||||||||||
| DIRECTOR-ALUMNI CAREER SERVICES | 50.00 | 146600 | 0 | 32061 | X | |||||
| DAVID L NEWKIRK | ||||||||||
| FORMER CEO, EXECUTIVE EDUCATION | 50.00 | 159708 | 0 | 2457 | X | |||||
| KATHERINE S SCHIEFFELIN | ||||||||||
| FORMER VICE PRESIDENT FOR DEVELOPMENT | 50.00 | 167476 | 0 | 9793 | X | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2779983 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3884111 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1255973 | TotalOtherCompensation |
| Number Individuals GT100 K | 23 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| UNIV OF VA INVESTMENT MANAGEMENT COMPAN | |||||
| PO BOX 400215 | CHARLOTTESVILLE | VA | 22906 | INVESTMENT MANAGEMENT | 461271 |
| CLEARVIEW CONSULTING COMPANY | |||||
| 117 PILGRIM DR | HOLDEN | MA | 01520 | TEACHING & CONSULTING SERVICES | 356352 |
| HORNIMAN ALEXANDER B | |||||
| 1344 HILLTOP ROAD | CHARLOTTESVILLE | VA | 22903 | TEACHING SERVICES | 217753 |
| ALLISON PARTNERS LLC | |||||
| 1716-2 ALLIED STREET | CHARLOTTESVILLE | VA | 22903 | TEACHING SERVICES | 190400 |
| LIEDTKA JEANNE M | |||||
| 320 11TH ST NW | CHARLOTTESVILLE | VA | 22903 | TEACHING SERVICES | 158550 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Info In Schedule O Part VIII | X | InfoInScheduleOPartVIII |
| All Other Contributions | 13313278 | AllOtherContributions |
| Noncash Contributions | 2216008 | NoncashContributions |
| Total Contributions | 13313278 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | EXECUTIVE EDUCATION | Description |
| Business Code | 721110 | BusinessCode |
| Total Revenue Column | 23061515 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21770105 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1291410 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23061515 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 875580 | TotalRevenueColumn |
| Exclusion | $875,580 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 55348917 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 48781470 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6567447 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6567447 | TotalRevenueColumn |
| Exclusion | $6,567,447 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| EXTINGUISHMENT OF NOTE | 900099 | 6225000 | $6,225,000 | |
| ALUM RELATIONS REUNION | 900099 | 149435 | 149435 | |
| PARKING REVENUE | 900099 | 100296 | 100296 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 71633 | TotalRevenueColumn |
| Related Or Exempt Function Income | 54133 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 17500 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 6546364 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 50364184 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22073969 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1308910 | UnrelatedBusinessRevenue |
| Exclusion | $13,668,027 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14206210 | Total |
| Program Services | 14206210 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2005331 | Total |
| Program Services | 912895 | ProgramServices |
| Management And General | 812301 | ManagementAndGeneral |
| Fundraising | 280135 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83379 | Total |
| Program Services | 2706 | ProgramServices |
| Fundraising | 80673 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7143869 | Total |
| Program Services | 5480642 | ProgramServices |
| Management And General | 731768 | ManagementAndGeneral |
| Fundraising | 931459 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 621646 | Total |
| Program Services | 479473 | ProgramServices |
| Management And General | 82359 | ManagementAndGeneral |
| Fundraising | 59814 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1090408 | Total |
| Program Services | 861423 | ProgramServices |
| Management And General | 96331 | ManagementAndGeneral |
| Fundraising | 132654 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 539488 | Total |
| Program Services | 405107 | ProgramServices |
| Management And General | 65787 | ManagementAndGeneral |
| Fundraising | 68594 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13289 | Total |
| Program Services | 763 | ProgramServices |
| Management And General | 12526 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157691 | Total |
| Management And General | 157691 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 557535 | Total |
| Management And General | 557535 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4944386 | Total |
| Program Services | 4732121 | ProgramServices |
| Management And General | 185832 | ManagementAndGeneral |
| Fundraising | 26433 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 694408 | Total |
| Program Services | 660653 | ProgramServices |
| Management And General | 487 | ManagementAndGeneral |
| Fundraising | 33268 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2269260 | Total |
| Program Services | 2015420 | ProgramServices |
| Management And General | 78134 | ManagementAndGeneral |
| Fundraising | 175706 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202632 | Total |
| Program Services | 102119 | ProgramServices |
| Management And General | 99575 | ManagementAndGeneral |
| Fundraising | 938 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2088147 | Total |
| Program Services | 1903101 | ProgramServices |
| Management And General | 69002 | ManagementAndGeneral |
| Fundraising | 116044 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1740486 | Total |
| Program Services | 1461982 | ProgramServices |
| Management And General | 36297 | ManagementAndGeneral |
| Fundraising | 242207 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134792 | Total |
| Program Services | 98159 | ProgramServices |
| Management And General | 7151 | ManagementAndGeneral |
| Fundraising | 29482 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82920 | Total |
| Program Services | 69773 | ProgramServices |
| Management And General | 13147 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93429 | Total |
| Program Services | 61839 | ProgramServices |
| Management And General | 31590 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|
| COGS | 1277314 | 1277314 | |
| BAD DEBT EXPENSE | 382476 | 68718 | 313758 |
| USE/FOREIGN TAX | 22271 | 22271 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85030 | Total |
| Program Services | 37421 | ProgramServices |
| Management And General | 22312 | ManagementAndGeneral |
| Fundraising | 25297 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40436397 | Total |
| Program Services | 34860110 | ProgramServices |
| Management And General | 3059825 | ManagementAndGeneral |
| Fundraising | 2516462 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72630 | BOY |
| EOY | 93350 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12079192 | BOY |
| EOY | 6697750 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16854423 | BOY |
| EOY | 16030256 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4176850 | BOY |
| EOY | 6083337 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77460 | BOY |
| EOY | 81921 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 888177 | BOY |
| EOY | 515500 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6223578 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3571984 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1367663 | BOY |
| EOY | 2651594 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34292320 | BOY |
| EOY | 29452441 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 207613526 | BOY |
| EOY | 230547509 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69075331 | BOY |
| EOY | 66789220 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 346497572 | BOY |
| EOY | 358942878 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3239870 | BOY |
| EOY | 3923357 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1664867 | BOY |
| EOY | 2121868 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42488300 | BOY |
| EOY | 21731938 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47393037 | BOY |
| EOY | 27777163 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80698789 | BOY |
| EOY | 91008297 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89129572 | BOY |
| EOY | 108790522 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129276174 | BOY |
| EOY | 131366896 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 299104535 | BOY |
| EOY | 331165715 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 346497572 | BOY |
| EOY | 358942878 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 9927787 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 22133393 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UVA COLGATE DARDEN GRADUATE SCHOOL OF BUSINESS ADMINISTRATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546001796 | EIN |
| Type Of Organization | 6 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $14,206,210 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 14206210 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 241115507 | BeginningOfYearBalance |
| Contributions | 6384317 | Contributions |
| Investment Earnings Or Losses | 28836732 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 22677416 | GrantsOrScholarships |
| Administrative Expenses | 840000 | AdministrativeExpenses |
| End Of Year Balance | 252819140 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 232372468 | BeginningOfYearBalance |
| Contributions | 10728057 | Contributions |
| Investment Earnings Or Losses | 10331210 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 11543387 | GrantsOrScholarships |
| Administrative Expenses | 772841 | AdministrativeExpenses |
| End Of Year Balance | 241115507 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 192879265 | BeginningOfYearBalance |
| Contributions | 9853444 | Contributions |
| Investment Earnings Or Losses | 42691784 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12363368 | GrantsOrScholarships |
| Administrative Expenses | 688657 | AdministrativeExpenses |
| End Of Year Balance | 232372468 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 179999314 | BeginningOfYearBalance |
| Contributions | 1996667 | Contributions |
| Investment Earnings Or Losses | 24406482 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12907927 | GrantsOrScholarships |
| Administrative Expenses | 615271 | AdministrativeExpenses |
| End Of Year Balance | 192879265 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 247456999 | BeginningOfYearBalance |
| Contributions | 2860188 | Contributions |
| Investment Earnings Or Losses | -56990302 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12674835 | GrantsOrScholarships |
| Administrative Expenses | 652736 | AdministrativeExpenses |
| End Of Year Balance | 179999314 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.11450 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.51960 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.36590 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4604614 | OtherCostOrOtherBasis |
| Depreciation | 2245923 | Depreciation |
| Book Value | 2358691 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 794951 | OtherCostOrOtherBasis |
| Depreciation | 593057 | Depreciation |
| Book Value | 201894 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 824013 | OtherCostOrOtherBasis |
| Depreciation | 733004 | Depreciation |
| Book Value | 91009 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2651594 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UVIMCO MANAGED FUNDS-UVA RELATED FOUNDATION | Description |
| Book Value | 230547509 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 230547509 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| OTHER ASSETS | 769759 |
| RIGHTS OF OCCUPANCY | 66019461 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 66789220 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FUNDS HELD FOR THE DARDEN SCHOOL AND BRICE | $781,649 |
| NOTES PAYABLE TO UVA | $20,950,289 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 21731938 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 71943042 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 22133393 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 3000 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 22136393 | RevenueNotRptdF990 |
| Revenue Subtotal | 49806649 | RevenueSubtotal |
| Investment Expenses Not Included | 557535 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 557535 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 50364184 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 39881862 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 3000 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 3000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 39878862 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 557535 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 557535 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 40436397 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE FOUNDATION'S ENDOWMENT SUPPORTS THE DARDEN SCHOOL THROUGH SCHOLARSHIPS, CHAIRS, RESEARCH, EDUCATIONAL PROGRAMS, AND ALUMNI SERVICES. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE FOUNDATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS OR ANY RELATED PENALTIES AND INTEREST TO ACCRUE FOR THE YEARS ENDED JUNE 30, 2013 AND 2012, AND, ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION FILES IRS FORM 990 ANNUALLY WITH THE FEDERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR FISCAL YEAR 2010 AND LATER. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (4 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION PROGRAMMING | 60474 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION PROGRAMMING | 38586 |
| RUSSIA & THE NEWLY INDEPENDENT STATES | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION PROGRAMMING | 27159 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION PROGRAMMING | 7462 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 133681 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 133681 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UVA- DARDEN SCHOOL OF BUSINESS ADMINISTRATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6550 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 22906 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 546001796 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 14206210 | AmountOfCashGrant |
| Purpose Of Grant | SCHOLARSHIPS, CHAIRS, RESEARCH, FACILITIES, & EDUCATIONAL PROGRAMS | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: FOUNDATION ACCOUNTING OFFICE REQUESTS AND REVIEWS DOCUMENTATION SUBSTANTIATING ALL FUNDS REQUESTED BY THE DARDEN SCHOOL. FOR FUNDS RESTRICTED BY DONORS, THE FOUNDATION ACCOUNTING OFFICE REQUESTS ADEQUATE DOCUMENTATION FOR AND REVIEWS THE SUPPORTING DOCUMENTS TO ENSURE COMPLIANCE WITH THE DONOR'S RESTRICTED PURPOSE PRIOR TO RELEASING FUNDS TO THE DARDEN SCHOOL. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (20 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT F BRUNER | ||||||||||||||
| TRUSTEE | 0 | 513805 | 0 | 15567 | 0 | 0 | 0 | 57931 | 0 | 17964 | 0 | 605267 | 0 | 0 |
| SUSAN CHAPLINSKY | ||||||||||||||
| TRUSTEE | 5000 | 287431 | 0 | 0 | 0 | 180 | 0 | 24602 | 0 | 9453 | 5000 | 321666 | 0 | 0 |
| KENNETH M EADES | ||||||||||||||
| TRUSTEE | 36300 | 287477 | 0 | 0 | 0 | 1128 | 0 | 24676 | 0 | 13214 | 36300 | 326495 | 0 | 0 |
| LUANN J LYNCH | ||||||||||||||
| TRUSTEE | 40320 | 279888 | 0 | 6930 | 0 | 1597 | 0 | 24504 | 0 | 22646 | 40320 | 335565 | 0 | 0 |
| JOHN D SIMON | ||||||||||||||
| TRUSTEE | 0 | 390772 | 0 | 61850 | 0 | 1896 | 0 | 125635 | 0 | 22392 | 0 | 602545 | 0 | 0 |
| MICHAEL STRINE | ||||||||||||||
| TRUSTEE | 0 | 310313 | 0 | 847308 | 0 | 439 | 0 | 85345 | 0 | 5369 | 0 | 1248774 | 0 | 0 |
| TERESA A SULLIVAN | ||||||||||||||
| TRUSTEE | 0 | 498898 | 0 | 134445 | 0 | 0 | 0 | 436140 | 0 | 5241 | 0 | 1074724 | 0 | 0 |
| NORWOOD H DAVIS III | ||||||||||||||
| PRESIDENT & SECRETARY | 296096 | 0 | 155345 | 0 | 180 | 0 | 47060 | 0 | 21872 | 0 | 520553 | 0 | 0 | 0 |
| ERIKA H JAMES | ||||||||||||||
| SR. ASSOCIATE DEAN FOR EXECUTIVE ED. | 115950 | 236685 | 0 | 7200 | 0 | 302 | 0 | 19173 | 0 | 7649 | 115950 | 271009 | 0 | 0 |
| EUGENE R MEONI | ||||||||||||||
| GENERAL MANAGER, HOSPITALITY | 152723 | 0 | 44400 | 0 | 516 | 0 | 16682 | 0 | 22374 | 0 | 236695 | 0 | 0 | 0 |
| LAURA B TERRY | ||||||||||||||
| CHIEF FINANCIAL OFFICER/TREASURER | 181499 | 0 | 18500 | 0 | 108 | 0 | 19320 | 0 | 19288 | 0 | 238715 | 0 | 0 | 0 |
| MICHAEL J WOODFOLK | ||||||||||||||
| EXECUTIVE DIRECTOR, ALUMNI SERVICES | 164573 | 0 | 22283 | 0 | 180 | 0 | 17247 | 0 | 7628 | 0 | 211911 | 0 | 0 | 0 |
| WILLIAM CARTER HOERR | ||||||||||||||
| EXECUTIVE DIRECTOR, ADVANCEMENT | 169367 | 0 | 55000 | 0 | 386 | 0 | 0 | 0 | 12447 | 0 | 237200 | 0 | 0 | 0 |
| LEANN M BUNTROCK | ||||||||||||||
| EXEC. DIR. - DARDEN/CURRY PARTNERSHI | 171491 | 0 | 5198 | 0 | 276 | 0 | 18018 | 0 | 8319 | 0 | 203302 | 0 | 0 | 0 |
| LUCIANO CENTINI | ||||||||||||||
| SENIOR DIRECTOR, EXECUTIVE EDUCATION | 232577 | 0 | 4020 | 0 | 516 | 0 | 13936 | 0 | 19972 | 0 | 271021 | 0 | 0 | 0 |
| THOMAS A CROSS | ||||||||||||||
| SENIOR DIRECTOR, EXECUTIVE EDUCATION | 201513 | 0 | 3608 | 0 | 1524 | 0 | 12508 | 0 | 16597 | 0 | 235750 | 0 | 0 | 0 |
| DEAN W KREHMEYER | ||||||||||||||
| EXEC. DIR.- INITIATIVE FOR BUSINESS | 171380 | 0 | 55250 | 0 | 120 | 0 | 18200 | 0 | 18260 | 0 | 263210 | 0 | 0 | 0 |
| CONSTANCE D ENGLISH | ||||||||||||||
| DIRECTOR-ALUMNI CAREER SERVICES | 142340 | 0 | 4080 | 0 | 180 | 0 | 14144 | 0 | 17917 | 0 | 178661 | 0 | 0 | 0 |
| DAVID L NEWKIRK | ||||||||||||||
| FORMER CEO, EXECUTIVE EDUCATION | 24442 | 0 | 0 | 0 | 135266 | 0 | 757 | 0 | 1700 | 0 | 162165 | 0 | 0 | 0 |
| KATHERINE S SCHIEFFELIN | ||||||||||||||
| FORMER VICE PRESIDENT FOR DEVELOPMEN | 54558 | 0 | 0 | 0 | 112918 | 0 | 5803 | 0 | 3990 | 0 | 177269 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THROUGH THE FOUNDATION'S STANDARD BENEFITS PACKAGE, THE FOUNDATION WILL SUBSIDIZE ANNUALLY $185 OF THE COST OF MEMBERSHIP TO THE UVA GYM FOR ANY BENEFITS-ELIGIBLE EMPLOYEE. |
| PART I, LINES 4A-B | THE FOUNDATION MADE SEVERENCE PAYMENTS TO TWO FORMER OFFICERS IN ACCORDANCE WITH THE FOUNDATION'S ESTABLISHED PROCEDURES: 1. DAVID L. NEWKIRK - $135,200 2. KATHERINE SCHIEFFELIN - $102,540 LINE 4B: THE UNIVERSITY OF VIRGINIA MADE CONTRIBUTIONS TO 401A/415 DEFERRRED COMPENSATION PLANS FOR THE FOLLOWING PERSONS: ROBERT F. BRUNER - $3,966 JOHN SIMON - $45,000 MICHAEL STRINE - $30,000 TERESA SULLIVAN - $205,220 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOHN MACFARLANE | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SEE PART V | Relationship |
| Amount Of Transaction | 481790 | AmountOfTransaction |
| Description Of Transaction | SEE PART V | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: | Identifier |
| Explanation | COLUMN (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BOARD MEMBER IN COMMONCOLUMN (D) DESCRIPTION OF TRANSACTION: UVIMCO INVESTMENT MANAGEMENT FEE - JOHN MACFARLANE WAS A TRUSTEE OF THE UVA DARDEN SCHOOL FOUNDATION ("DSF") AND A TRUSTEE/MEMBER OF THE EXECUTIVE COMMITTEE FOR UVIMCO IN FY 2013. MR. MACFARLANE SERVED AS UVIMCO'S CHAIRMAN. DSF PAID INVESTMENT MANAGEMENT FEES OF $481,790 TO UVIMCO IN FY 2013. THIS FEE, WHICH HAS BEEN APPROVED BY THE DSF INVESTMENT COMMITTEE, IS ASSESSED BASED ON ASSETS UNDER MANAGEMENT AND IS CALCULATED USING THE SAME FEE SCHEDULE THAT IS OFFERED TO ALL OF UVIMCO'S CUSTOMERS. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 113 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2180907 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | GIFTS IN KIND | Description |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 35101 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | ACTUAL EXP INCURRED | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE AUTHORITY OR DELEGATION OF THE BOARD OF TRUSTEES IS AS FOLLOWS: THE EXECUTIVE COMMITTEE EXERCISES THE AUTHORITY OF THE BOARD OF TRUSTEES IN DIRECTING THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE FOUNDATION, EXCEPT THAT NO COMMITTEE HAS THE POWER OR AUTHORITY TO I) FILL VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES; II) AMEND THE ARTICLES OF INCORPORATION; III) ADOPT, AMEND, OR REPEAL THE BY-LAWS; IV) APPROVE A PLAN OF MERGER OR CONSOLIDATION; V) APPROVE THE SALE, LEASE OR EXCHANGE, OR THE MORTGAGE, PLEDGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE FOUNDATION; OR VI) APPROVE THE REVOCATION OF THE VOLUNTARY DISSOLUTION PROCEEDINGS. THE EXECUTIVE COMMITTEE MUST PROVIDE A FULL REPORT OF ITS ACTIONS TO THE BOARD OF TRUSTEES AT THE REGULAR SEMI-ANNUAL BOARD MEETINGS. | |
| FORM 990, PART VI, SECTION A, LINE 2 | FRANK M. SANDS, SR. AND FRANK M. SANDS, JR. HAVE BUSINESS & FAMILY RELATIONSHIPS. | |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED ITS BYLAWS AS FOLLOWS: A.SECTION 2(A)II, RESOLVED, THAT THE CHAIR AND VICE CHAIR OF THE GLOBAL ADVISORY COUNCIL WILL BE ELECTED TO SERVE AS EX-OFFICIO TRUSTEES OF THE UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION EFFECTIVE 25 APRIL 2013. B. SECTION 3.2, PARAGRAPH 2, RESOLVED, THAT THE SELECTION FOR THE POSITION OF VICE CHAIR OF THE UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION WILL BE MADE BY THE NOMINATING AND GOVERNANCE COMMITTEE, REVIEWED BY THE EXECUTIVE COMMITTEE AND ELECTED BY A VOTE OF THE BOARD OF TRUSTEES, EFFECTIVE 25 APRIL 2013. C. SECTION 4.7 (G), RESOLVED, THAT THE COMMITTEE STRUCTURE OF THE UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION WILL REFLECT SPECIFIC PARAMETERS REGARDING THE POSITIONS OF CHAIRS AND VICE CHAIRS, EFFECTIVE 25 APRIL 2013. D. ARTICLE III, SECTIONS 3.1 AND 3.10, RESOLVED, THAT THE OFFICERS OF THE UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION HAVE BEEN REVISED TO REFLECT THE CURRENT TITLE OF "EXECUTIVE DIRECTOR", INSTEAD OF THE PREVIOUSLY USED TITLE OF "VICE PRESIDENT" EFFECTIVE 25 APRIL 2013. E. AS OF 11 OCTOBER, 2012, IT WAS RESOLVED, THAT THE FOUNDATION'S BYLAWS BE AMENDED BY DELETING ARTICLE IV, SECTION 4.4 ENTITLED "NOMINATING COMMITTEE" AND SUBSTITUTING, IN LIEU THEREOF, THE FOLLOWING: SECTION 4.4. NOMINATING AND GOVERNANCE COMMITTEE. THE NOMINATING AND GOVERNANCE COMMITTEE SHALL PROVIDE ASSISTANCE TO THE BOARD OF TRUSTEES IN FULFILLING ITS RESPONSIBILITIES FOR (I) MAKING NOMINATIONS AND APPOINTMENTS, AND (II) DEVELOPING AND IMPLEMENTING CORPORATE GOVERNANCE PRINCIPLES APPLICABLE TO DSF. THE NOMINATING AND GOVERNANCE COMMITTEE SHALL REVIEW AND RECOMMEND TO THE BOARD OF TRUSTEES NOMINEES TO BE ELECTED AS MEMBERS OF THE BOARD OF TRUSTEES OF DSF. THE COMMITTEE SHALL ALSO REVIEW AND RECOMMEND TO THE BOARD OF TRUSTEES NOMINEES TO BE ELECTED AS OFFICERS OF DSF, CHAIRS OF DSF COMMITTEES AND MEMBERS OF THE COMMITTEES OF THE BOARD OF TRUSTEES. THE COMMITTEE SHALL ASSESS THE PARTICIPATION AND QUALIFICATIONS OF EXISTING TRUSTEES AND REVIEW CORPORATE GOVERNANCE STANDARDS FOR DSF. THE COMMITTEE SHALL ALSO ADVISE THE CHAIRMAN REGARDING THE BOARD'S PRODUCTIVITY AND IMPACT WITH REGARD TO THE DARDEN SCHOOL MISSION. THIS WILL INCLUDE CONDUCTING A REVIEW OF BOARD OPERATIONS RELATIVE TO BEST PRACTICES AT LEAST EVERY THREE YEARS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | AFTER INTERNAL REVIEW, THE CFO PROVIDED THE 990 TO THE AUDIT/FINANCE COMMITTEE CHAIR AND THE CFO ADDRESSED QUESTIONS FROM THE AUDIT/FINANCE COMMITTEE CHAIR. ELECTRONIC COPIES OF THE 990 ARE PROVIDED TO THE FULL BOARD IN ADVANCE OF FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, THE FOUNDATION DISTRIBUTES A COPY OF THE CONFLICT OF INTEREST POLICY, POLICY ON UNIVERSITY OF VIRGINIA RELATED FOUNDATIONS, AND A CONFLICT OF INTEREST FORM TO THE FOUNDATION'S TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THE INDIVIDUALS ARE REQUIRED TO DISCLOSE ACTIVITY FOR THE NEXT YEAR AND VERIFY THE ACTIVITY IN THE PRIOR YEAR. | |
| FORM 990, PART VI, SECTION B, LINE 15 | DSF OFFERS AN INCENTIVE COMPENSATION PROGRAM TO ITS OFFICERS. EACH OFFICER'S PLAN IS RECOMMENDED BY THE OFFICER'S SUPERIOR AND REQUIRES THAT THE OFFICER MEET BOTH QUALITATIVE AND QUANTITATIVE METRICS WITHIN THE OFFICER'S SPECIFIC AREA(S) OF RESPONSIBILITY. EACH PLAN IS REVIEWED AND DISCUSSED WITH DSF'S COMPENSATION CONSULTANT AND ASSESSED BY THE CONSULTANT FOR APPROPRIATENESS BASED UPON EXTERNAL MARKET DATA. FINALLY, THE INCENTIVE PLAN RECOMMENDATIONS ALONG WITH MARKET DATA FROM THE COMPENSATION CONSULTANT ARE PROPOSED TO DSF'S TRUSTEE COMPENSATION COMMITTEE PRIOR TO THE BEGINNING OF THE PLAN YEAR AND APPROVED BY THE COMMITTEE IN ACCORDANCE WITH THE IRS REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARDS. AFTER THE CONCLUSION OF THE PLAN YEAR, THE COMPENSATION COMMITTEE REVIEWS AND APPROVES ANY PAYOUTS UNDER THE INCENTIVE PLANS IN ADVANCE OF PAYMENTS BEING MADE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| PART VI, SECTION B, LINE 14 | THE ACCOUNTING UNIT HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. | DID ORGANIZATION HAVE A WRITTEN DOCUMENT RETENTION AND DESCRUCTION POLICY: |
| FORM 990, PART VIII, LINE 11A - MISCELLANEOUS REVENUE | IN 1993, THE FOUNDATION ENTERED INTO AN AGREEMENT WITH THE UNIVERSITY TO PAY FOR ALL COSTS OF THE CONSTRUCTION OF NEW DARDEN SCHOOL FACILITIES ON CERTAIN LAND ADJACENT TO SPONSORS HALL COMPLEX. AS A RESULT OF THE AGREEMENT, THE FOUNDATION WAS REQUIRED TO REIMBURSE THE UNIVERSITY $40 MILLION IN BONDS ISSUED FOR THE CONSTRUCTION OF PHASE I. EFFECTIVE NOVEMBER 2012, AN AMENDMENT PROVIDED THE FOUNDATION WITH AN OPTION TO PAY TO THE UNIVERSITY ON JANUARY 31, 2013, OR WITHIN SEVEN DAYS PRIOR TO, THE SUM OF $11,250,000 TO RELIEVE THE FOUNDATION OF ANY REMAINING OBLIGATION UNDER THE PHASE I AGREEMENT. THE FOUNDATION ACCEPTED THE AMENDED AGREEMENT AND ON JANUARY 31, 2013, EFFECTED A FULL REPAYMENT RESULTING IN THE EXTINGUISHMENT OF ALL PHASE I RELATED DEBT WITH A GAIN OF $6,225,000 RECOGNIZED IN THE FY JUNE 30, 2013. | EXTINGUISMENT OF NOTE PAYABLE: |
| FORM 990, PART IX, LINE 11G | TEACHING FEES - EXECUTIVE EDUCATION: PROGRAM SERVICE EXPENSES 4,214,432. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,214,432. TEMPORARY STAFFING SERVICE: PROGRAM SERVICE EXPENSES 368,928. MANAGEMENT AND GENERAL EXPENSES 131,664. FUNDRAISING EXPENSES 7,387. TOTAL EXPENSES 507,979. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 93,168. MANAGEMENT AND GENERAL EXPENSES 54,168. FUNDRAISING EXPENSES 19,046. TOTAL EXPENSES 166,382. COMMISSIONS EXPENSE: PROGRAM SERVICE EXPENSES 30,510. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,510. OTHER FEES: PROGRAM SERVICE EXPENSES 25,083. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,083. | OTHER FEES |
| FORM 990, PART XII, LINE 2C | THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. | OVERSIGHT OF AUDIT: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF VIRGINIA DARDEN SCHOOL OF BUSINESS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6550 | AddressLine1 |
| City | CHARLOTTESVILLE | City |
| State | VA | State |
| ZIP Code | 22906 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546001796 | EIN |
| Primary Activities | EDUCATION | PrimaryActivities |
| Legal Domicile State | VA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 170(B)(1) (A)(II) | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | LOAN GUARANTEES BY OTHER ORGANIZATIONS: | Identifier |
| Return Reference | FORM 990, SCH R, PART V, LINE 1E | ReturnReference |
| Explanation | UVA HAS PROVIDED THE DARDEN SCHOOL FOUNDATION WITH A GUARANTEE FOR A LOAN PROGRAM THE FOUNDATION HAD ENTERED INTO WITH THREE INDEPENDENT THIRD PARTIES, WHICH GUARANTEES LOANS FOR INTERNATIONAL STUDENTS. THE INTERNATIONAL STUDENT LOAN PROGRAM SUPPORTS THE DARDEN SCHOOL'S OBJECTIVES OF ATTRACTING INTERNATIONAL STUDENTS. | Explanation |