2026-05-15T14:04:44+00:00 2025-06-30 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2024-07-01 540734117 William & Mary Foundation WILL 7572211906 5300 DISCOVERY PARK BLVD 3rd FLOOR WILLIAMSBURG VA 231882695 MATTHEW T LAMBERT CHIEF EXECUTIVE OFFICER 2026-05-15 true BRITTNEY KOCAJ P01320603 9542028600 2026-05-15 2024 2025-03-06 01:10:19Z MATTHEW T LAMBERT 5300 DISCOVERY PARK BLVD 3rd FLOOR WILLIAMSBURG VA 231882695 617712216 false X https://wmf1693.org X 1939 VA The William & Mary Foundation advances the university's highest aspirations by securing private support, guiding a multi-asset investment portfolio, and offering strategic leadership. In this work, we propel the university toward national preeminence and help shape a future worthy of its history. 33 33 0 39 0 0 131082801 101450564 3842531 3876593 26701323 85858918 11370 50 161638025 191186125 60679105 52713635 0 0 0 7483034 11946345 14407101 72625450 67120736 89012575 124065389 1294159126 1455364130 36220357 37808492 1257938769 1417555638 X The William & Mary Foundation advances the university's highest aspirations by securing private support, guiding a multi-asset investment portfolio, and offering strategic leadership. In this work, we propel the university toward national preeminence and help shape a future worthy of its history. false false 41946098 37379964 THE FOUNDATION PROVIDES FUNDING TO SUPPORT THE SALARIES OF FACULTY, ADMINISTRATIVE STAFF, AND OTHER PERSONNEL AT WILLIAM & MARY. IT ALSO SUPPLIES GENERAL OPERATING SUPPORT TO ADVANCE THE UNIVERSITY'S ACADEMIC MISSION, STRATEGIC PRIORITIES, AND OVERALL INSTITUTIONAL EXCELLENCE. ADDITIONAL DETAILS CAN BE FOUND IN PART IX AND SCHEDULE I. 14840359 14840359 0 THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WILLIAM & MARY STUDENTS THROUGH SCHOLARSHIPS. THIS SUPPORT HELPS EXPAND ACCESS, PROMOTE AFFORDABILITY , AND ENABLE STUDENTS TO PURSUE AND COMPLETE THEIR EDUCATION. 493312 493312 3077768 THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO ORGANIZATIONS AFFILIATED WITH OR RELATED TO WILLIAM & MARY. THESE CONTRIBUTIONS HELP STRENGTHEN COLLABORATIVE INITIATIVES, EXTEND THE UNIVERSITY'S IMPACT, AND SUPPORT ACTIVITIES ALIGNED WITH ITS MISSION AND VALUES. ADDITIONAL DETAILS CAN BE FOUND IN PART IX AND SCHEDULE I. 798825 THE FOUNDATION OWNS AND LEASES BUILDINGS AND FACILITIES TO WILLIAM & MARY FOR USE IN SUPPORT OF ITS ACADEMIC AND OPERATIONAL NEEDS. 798825 57279769 true true false true false false false true false true true true false true true true false true false false true false false false false false false true false true true false false false false false false false false false false true false false false true true true true false false true 24 0 true 0 false false false false false true true false false false false false false X 33 33 false false false false true true false true true false false false true true true true true true false false false false CA CO DC FL KY ME AK MD MI MN NV NH NJ NY OH OR SC UT WA X Michelle Bernal 7572211906 5300 Discovery Park Boulevard Williamsburg VA 231882695 X DARPAN S KAPADIA TRUSTEE/VICE CHAIRPERSON FOR DEVELOPMENT STRATEGY 1.0 1.0 X X 0 0 0 ELIZABETH CABELL JENNINGS TRUSTEE/VICE CHAIRPERSON FOR INVESTMENTS 1.0 1.0 X X 0 0 0 JANET R ATWATER TRUSTEE/CHAIRPERSON OF THE BOARD 1.0 1.5 X X 0 0 0 TERI DALE DUNGAN TRUSTEE/SECRETARY 1.0 0.0 X X 0 0 0 A Clayton Perfall TRUSTEE 1.0 1.0 X 0 0 0 ANDREW W HORROCKS TRUSTEE 1.0 1.5 X 0 0 0 CHET M THAKER TRUSTEE 1.0 0.0 X 0 0 0 CHRISTINE MARIE VILLA TRUSTEE 1.0 0.0 X 0 0 0 CLIFFORD B FLEET III TRUSTEE (TERM ENDED 10/24) 1.0 0.0 X 0 0 0 DARCY CURRAN TRUSTEE (TERM BEGAN 10/24) 1.0 0.0 X 0 0 0 DAVID N KELLEY TRUSTEE 1.0 0.0 X 0 0 0 DAVID R COVIN TRUSTEE 1.0 1.0 X 0 0 0 DAWN M AARON TRUSTEE (TERM ENDED 10/24) 1.0 0.0 X 0 0 0 DR STEPHEN S TANG TRUSTEE 1.0 0.0 X 0 0 0 EUGENE P FOLEY JR TRUSTEE 1.0 1.0 X 0 0 0 FRANCES C ENGORON TRUSTEE 1.0 0.0 X 0 0 0 HILARY GRANT DIXON TRUSTEE 1.0 0.0 X 0 0 0 HYLAH B BALLOWE TRUSTEE 1.0 0.0 X 0 0 0 J SCOTT PERKINS TRUSTEE (TERM ENDED 10/24) 1.0 1.0 X 0 0 0 JAMES E MALLORY TRUSTEE 1.0 1.0 X 0 0 0 JANE CHURCH HORVATH TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER T MACKESY TRUSTEE/VOTING EX-OFFICIO 1.0 0.0 X 0 0 0 JILL MARIE LORD TRUSTEE 1.0 0.0 X 0 0 0 JODY W FORSYTH TRUSTEE (TERM ENDED 10/24) 1.0 1.5 X 0 0 0 KARLA MUNDEN TRUSTEE 1.0 0.0 X 0 0 0 KATHERINE A ROWE TRUSTEE/ VOTING EX-OFFICIO 1.0 0.2 X 0 0 0 LOUIS GERARD DUDNEY TRUSTEE 1.0 0.0 X 0 0 0 MAISIE K O'FLANAGAN TRUSTEE (TERM BEGAN 10/24) 1.0 0.0 X 0 0 0 MASHEA M ASHTON TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL C SAPNAR TRUSTEE 1.0 0.0 X 0 0 0 PAMELA JORDAN PENNY TRUSTEE 1.0 0.0 X 0 0 0 PENELOPE H MEREDITH TRUSTEE (TERM ENDED 10/24) 1.0 0.0 X 0 0 0 RAELENE C WAGONER TRUSTEE 1.0 0.0 X 0 0 0 SHELLEY B GOODE TRUSTEE (TERM ENDED 10/24) 1.0 0.0 X 0 0 0 Sue Hanna Gerdelman TRUSTEE 1.0 0.0 X 0 0 0 Timothy J Carroll TRUSTEE 1.0 0.0 X 0 0 0 TODD A STOTTLEMYER TRUSTEE 1.0 0.0 X 0 0 0 TODD ANDREW HOWARD TRUSTEE 1.0 0.0 X 0 0 0 WILL H PAYNE II TRUSTEE (TERM BEGAN 10/24) 1.0 0.0 X 0 0 0 BRUCE G AIRD CHIEF FINANCIAL OFFICER AND TREASURER 30.0 0.5 X 150783 0 38623 JULIE S LEACH EXECUTIVE DIRECTOR 32.0 0.0 X 111885 0 50548 MATTHEW T LAMBERT CHIEF EXECUTIVE OFFICER 30.0 0.5 X 332250 0 37458 CATHERINE MOUNTJOY CHIEF OPERATING OFFICER, 1693 PARTNERS FUND 5.0 40.0 X 427250 0 50198 F BRIAN HIESTAND CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND 10.0 40.0 X 664032 0 70740 1686200 0 247567 0 false true true Cambridge Associates LLC 125 HIGH ST BOSTON MA 021102704 INVESTMENT ADVISORY SERVICES 452813 SG AL Holdings LLC 331 Park Avenue S 12th Floor New York NY 10010 TECHNOLOGY SERVICES 402385 INVNT LLC 101 Greenwich Street Floor 26 New York NY 10006 BRAND ENGAGEMENT CONSULTING 303000 McGuireWoods LLP 800 E CANAL ST RICHMOND VA 232193956 LEGAL SERVICES 211606 Arnold & Porter Kaye Scholar LLP 601 MASSACHUSETTS AVE NW WASHINGTON DC 200013743 LEGAL SERVICES 180000 7 101450564 33971708 101450564 RENT OF BUILDINGS TO W&M 531120 798825 798825 Management Fees - Related Orgs 525910 3077768 3077768 0 0 0 0 3876593 18403312 18403312 0 0 493981697 426526091 67455606 0 67455606 67455606 OTHER INCOME 900099 50 50 0 0 0 0 50 191186125 3876593 0 85858968 52713635 52713635 53560 7061 34428 12071 147703 147703 179993 179993 455625 455625 3576930 853826 344918 2378186 369803 111687 39189 218927 1286607 160482 815 1125310 751813 74474 677339 272077 150634 43669 77774 8739 330 8409 288368 222132 66236 353046 235521 117525 521314 381247 116067 24000 STAFF COMPENSATION 5448341 2061396 1056170 2330775 FOOD SERVICES 436212 23077 24714 388421 BOOKS, SUBSCRIPTIONS 115431 73473 5525 36433 Public Relations 74053 2972 57042 14039 67486 27829 23659 15998 67120736 57279769 2357933 7483034 13999924 7516657 99494023 109026008 7149488 1971020 0 0 0 0 499855 499855 1202890 1061983 22524900 9208761 7589509 13316139 6529099 7077981 930380302 1073151335 0 227314036 241743152 1294159126 1455364130 3878911 3611649 32201 35566 6090000 6090000 0 0 1501937 1283275 24717308 26788002 36220357 37808492 X 54014971 63310314 1203923798 1354245324 1257938769 1417555638 1294159126 1455364130 X 124065389 35301088 250392 X false true true false X 28369419 31141557 20121582 131082801 101450564 312165923 0 0 28369419 31141557 20121582 131082801 101450564 312165923 65581927 246583996 10388111 10450589 13675436 16100253 18403312 69017701 0 0 0 0 0 47697 900738 57096 11370 50 1016951 382200575 16630221 0.64517 0.75035 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 47697.0, COLUMN B - 900738.0, COLUMN C - 57096.0, COLUMN D - 11370.0, COLUMN E - 50.0, COLUMN F - 1016951.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 179993 false false 179993 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY WILLIAM & MARY FOUNDATION PAID REGISTERED LOBBYISTS TO CONTACT MEMBERS OF THE UNITED STATES CONGRESS, VIRGINIA GENERAL ASSEMBLY, AND OTHER GOVERNMENT OFFICIALS REGARDING PENDING LEGISLATION RELATED TO HIGHER EDUCATION PROGRAMS, RESEARCH AND DEVELOPMENT INITIATIVES, FUNDING, STUDENT FINANCIAL AID, CAREER DEVELOPMENT, STUDENT VETERANS, TEACHER PREPARATION, COASTAL SYSTEMS, ENVIRONMENTAL FORECASTING, WATER QUALITY MONITORING, GEOSPATIAL IMPACT EVALUATIONS AND OTHER VARIOUS ISSUES HELPFUL TO THE MISSION OF WILLIAM & MARY FOUNDATION. 0 6102244 X X X X X COLLECTION USED FOR TEACHING false 837221385 42573744 93690273 12072423 18254003 10048451 933110525 782346335 21067641 70053464 10662549 16144596 9438910 837221385 743301003 18547940 50725344 10946422 17136530 2145000 782346335 780004828 20792882 -30122199 9433359 16126149 1815000 743301003 577882344 19940287 207869492 8491339 15380956 1815000 780004828 0.0312 0.4931 0.4757 true true true 2354065 2354065 12869420 3322570 9546850 5123687 4978161 145526 2177728 908030 1269698 13316139 Closely-held equity interests Financial derivatives INVESTMENT 1693 PARTNERS FUND 946736904 F DISCOUNT NOTES AND OTHER SHORT TERM INVESTMENTS 126289148 F INVESTMENT IN COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION 5000 C ALTERNATIVE INVESTMENTS 113783 F OTHER INVESTMENTS 6500 F 1073151335 COLLECTIONS 6102244 RECEIVABLE FROM CHARITABLE REMAINDER TRUSTS 4785634 CASH SURRENDER VALUE OF LIFE INSURANCE 1167194 FUNDS HELD IN TRUSTS BY OTHERS 229688080 241743152 Federal Income Taxes DEFERRED COMPENSATION LIABILITY LIFE ESTATES RETAINED BY DONORS 253000 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 3740205 FUNDS HELD FOR OTHERS 22794797 26788002 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part III, Line 4 Collections of art - description of collections THE FOUNDATION OWNS WORKS OF ART FOR THE BENEFIT OF THE MUSCARELLE MUSEUM OF WILLIAM & MARY, AS WELL AS ANTIQUES USED BY WILLIAM & MARY IN VARIOUS BUILDINGS. Schedule D, Part V, Line 4 Intended uses of endowment funds PAYOUT FROM ENDOWMENT FUNDS IS USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OTHER DEPARTMENTAL USES, OR FOR THE GENERAL PURPOSES OF THE FOUNDATION OR WILLIAM & MARY. IN ADDITION TO ENDOWMENTS REPORTED IN SCHEDULE D, THE FOUNDATION HAS AN IRREVOCABLE INTEREST IN A PORTION OF THE INCOME FROM THREE ENTITIES UNRELATED TO THE FOUNDATION. THE VALUE OF THE FOUNDATION'S INTEREST IN THESE ENTITIES IS REPORTED AS FUNDS HELD IN TRUST BY OTHERS, AND WAS $224,590,757 and $210,606,181 AT JUNE 30, 2025 AND 2024, RESPECTIVELY. CHANGE IN THE VALUE OF THIS INTEREST DURING THE YEAR WAS $13,984,576. THE FOUNDATION ALSO HOLDS CERTAIN ENDOWMENTS FOR THE BENEFIT OF THE OMOHUNDRO INSTITUTE OF EARLY AMERICAN HISTORY AND CULTURE VALUED AT $22,794,797 and $21,495,747 AT JUNE 30, 2025 AND 2024, RESPECTIVELY. IN ACCORDANCE WITH ACCOUNTING GUIDANCE, THE OMOHUNDRO ENDOWMENTS ARE REPORTED WITH AN OFFSETTING LIABILITY AND ACTIVITY RELATING TO THE OMOHUNDRO ENDOWMENTS IS NOT REPORTED IN THE FOUNDATION'S STATEMENT OF ACTIVITY. AS A RESULT, THE OMOHUNDRO FUNDS ARE NOT INCLUDED IN PART V OF SCHEDULE D. DISTRIBUTIONS IN THE AMOUNT OF $774,276 WERE MADE FROM THE OMOHUNDRO ENDOWMENTS TO THE OMOHUNDRO INSTITUTE DURING THE YEAR. 1693 PARTNERS FUND, A RELATED CONTROLLED ORGANIZATION OF THE FOUNDATION, OVERSEES THE INVESTMENT OF THE MAJORITY OF THE FOUNDATION'S ENDOWED ASSETS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation, the 1693 Foundation and the Fund are nonstock corporations which have been determined by the Internal Revenue Service to be exempt from taxes on income derived from activities related to its exempt purpose under Section 501(c)(3) of the Internal Revenue Code. The REF is a stock corporation, wholly owned by the Foundation, which has been determined by the Internal Revenue Service to be exempt from taxes on income derived from activities related to its exempt purpose under Section 501(c)(2) of the Internal Revenue Code. Reliance is a limited liability company that is not disregarded for tax purposes, and therefore is subject to tax. CWMF Ventures, Foundation Services, 1693 Management and Gates Hall, LLC are disregarded entities for income tax purposes, and all activity is reported on the Foundation's tax return. ASC Topic 740, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in financial statements. ASC Topic 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing tax returns of the Foundation and its affiliated entities to determine whether the tax positions will "more-likely-than-not" be sustained by the applicable tax authority. As a result, tax positions not meeting the more-likely-than- not threshold would result in a current year expense or the absence of a benefit, as appropriate for the tax position. The Foundation has concluded that no provision for income tax is required in the Foundation's consolidated financial statements for the years ended June 30, 2025 and 2024. As of June 30, 2024, the Foundation had federal net operating losses available for carryforward in the amount of $3,893,197 as a result of unrelated business taxable income ("UBTI") resulting from investments in the Trust. UBTI is taxed at the prevailing corporate tax rate. Due to the uncertainty about whether these losses will result in a tax asset, no tax asset was recorded in the consolidated financial statements at June 30, 2025 and 2024. Net operating losses arising in tax years ending after December 31, 2017, have an indefinite carryforward period. Losses arising in earlier tax years have a carryforward period of twenty years. Losses arising in tax years beginning after December 31, 2017, are limited to 80% of taxable income in the year deducted. The filing deadline for the June 30, 2025 tax return is May 15, 2026. In addition to the year ended June 30, 2025, the years ended June 30, 2024, 2023, and 2022 are open for inspection by the taxing authorities. Central America and the Caribbean 0 0 Investments 113784 0 0 0 0 0 0 113784 0 113784 false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual true WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 13563449 Scholarships WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 5823151 Athletic Complex Fund WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 5763782 Advancement Funding WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 3633011 Professorships WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 2294564 Intercollegiate Athletics WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1949461 Track Field and XC Facilities Fund WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1852283 Institute, Integrative Conserve Fund WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1580534 Center for the Visual Arts WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1198484 Camp Launch Program WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1054450 University Strategic Priorities WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 1000000 Kaplan Arena WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 944531 Museums and Galleries WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 893294 W & M VET Program WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 416566 Soccer/Lacrosse Practice Fields WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 285603 Career Center Student Internship WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 268358 Global Research Institute Fund WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 250000 Williamsburg Institute WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 229847 Botetourt Theater Renovation WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 225000 Jimmye Laycock Football Complex WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 198677 Batten Coastal & Marine Sciences WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 185386 Music Bldg Enhancement & Maintenance WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 65673 Tennis Facility Fund WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 GOVERNMENT ENTITY 8544219 Other - general support MURRAY 1693 SCHOLARS FOUNDATION PO BOX 8795 WILLIAMSBURG VA 231878795 464365190 501(C)(3) 79430 GENERAL SUPPORT WILLIAM & MARY ALUMNI ASSOCIATION PO BOX 8795 WILLIAMSBURG VA 231878795 546054289 501(C)(3) 230719 GENERAL SUPPORT OMOHUNDRO INSTITUTE OF EARLY AMERICAN HISTORY & CULTURE PO BOX 8781 WILLIAMSBURG VA 231878781 541045628 501(C)(3) 17417 GENERAL SUPPORT WILLIAM & MARY REAL ESTATE FOUNDATION INC PO BOX 8795 WILLIAMSBURG VA 231878795 208608553 501(C)(3) 126033 GENERAL SUPPORT William & Mary Athletics Foundation PO BOX 399 WILLIAMSBURG VA 23187 546056480 501(C)(3) 39713 GENERAL SUPPORT 6 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds SCHOLARSHIPS ARE AWARDED BY EITHER THE FINANCIAL AID OFFICE OR ACADEMIC DEPARTMENTS OF WILLIAM & MARY BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT AND OTHER SIMILAR STANDARDS. AT THE TIME OF DISBURSEMENT FOR SCHOLARSHIPS OR OTHER NEEDS, THE PURPOSE IS REVIEWED TO ENSURE IT IS IN COMPLIANCE WITH DONOR RESTRICTIONS, IF ANY. X X X true true false false false false false false false true false BRUCE G AIRD CHIEF FINANCIAL OFFICER AND TREASURER 143150 0 6966 0 667 0 18516 0 20107 0 189406 0 0 0 MATTHEW T LAMBERT CHIEF EXECUTIVE OFFICER 326338 0 0 0 5912 0 17454 0 20004 0 369708 0 0 0 JULIE S LEACH EXECUTIVE DIRECTOR 111561 0 0 0 324 0 9522 0 41026 0 162433 0 0 0 F BRIAN HIESTAND CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND 350628 0 311567 0 1837 0 36360 0 34380 0 734772 0 0 0 CATHERINE MOUNTJOY CHIEF OPERATING OFFICER, 1693 PARTNERS FUND 258067 0 168339 0 844 0 22453 0 27745 0 477448 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel DURING THE FISCAL YEAR CERTAIN TRIPS FOR FUNDRAISING PURPOSES MAY OCCUR WHERE THE CEO AND OTHER FOUNDATION AND WILLIAM & MARY OFFICIALS USE CHARTER AIR TRAVEL TO SAVE TIME OR IT IS COST EFFICIENT FOR THE GROUP OF INDIVIDUALS TRAVELLING. THE CEO IS AN OFFICER OF THE FOUNDATION. ANY CHARTER TRAVEL FOR THESE PURPOSES IS IN CONNECTION WITH HIS OFFICIAL DUTIES AS AN OFFICER OF THE FOUNDATION. IN ACCORDANCE WITH FOUNDATION POLICIES, THE USE OF CHARTER TRAVEL IS APPROVED IN ADVANCE BY THE TREASURER (OR OTHER RESPONSIBLE OFFICER) OF THE FOUNDATION IF DETERMINED TO BE A NECESSARY BUSINESS EXPENSE. Schedule J, Part I, Line 1a Travel for companions PURSUANT TO A WRITTEN POLICY AND APPROPRIATE APPROVAL, CERTAIN OFFICERS' SPOUSES ARE PERMITTED TO TRAVEL ON OCCASION, WHEN NECESSARY FOR A BONA FIDE BUSINESS PURPOSE. A FAMILY MEMBER'S PRESENCE IS CONSIDERED TO SERVE A BONA FIDE BUSINESS PURPOSE IF THE INDIVIDUAL HAS A SIGNIFICANT ROLE IN THE PROCEEDINGS OR MAKES AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF THE EVENT, AS DEFINED IN THE TREASURY REGULATIONS. REIMBURSEMENT OR PAYMENT OF THE TRAVEL EXPENSES OF AN ELIGIBLE EMPLOYEE'S FAMILY MEMBER MUST NORMALLY BE PRE-APPROVED BY THE PRESIDENT OR APPROPRIATE EXECUTIVE. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE CEO'S COMPENSATION INCLUDES MEMBERSHIP TO A LOCAL SOCIAL CLUB. THE BENEFIT IS TREATED AS TAXABLE INCOME TO THE CEO. Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation WILLIAM & MARY (THE UNIVERSITY) IS THE COMMON PAYMASTER FOR EMPLOYEES OF WILLIAM & MARY FOUNDATION (THE FOUNDATION). AS SUCH, THE FOUNDATION DOES NOT HAVE EMPLOYEES OF RECORD FOR PURPOSES OF FORM W-3 REPORTING. HOWEVER, THE UNIVERSITY AND THE FOUNDATION ARE NOT RELATED ENTITIES AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE SALARY AND BENEFIT COSTS FOR THE FOUNDATION'S EMPLOYEES FOR SERVICES PERFORMED EXCLUSIVELY FOR THE FOUNDATION. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE. THE FOUNDATION'S EXECUTIVE COMMITTEE COMPLETES AN ANNUAL EXECUTIVE PERFORMANCE REVIEW ASSESSMENT FOR THE CEO, WHICH IS SHARED WITH THE PRESIDENT OF THE UNIVERSITY. COMPENSATION FOR THE CHIEF INVESTMENT OFFICER IS DETERMINED IN PART BY THE BOARD OF MANAGERS OF THE 1693 MANAGEMENT CO LLC, A WHOLLY OWNED SUBSIDIARY OF THE FOUNDATION, WHICH CONSIDERED A SURVEY OF COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. Schedule J, Part I, Line 7 Non-fixed payments BRIAN HIESTAND, CATHERINE MOUNTJOY RECEIVED BONUSES APPROVED BY THE BOARD OF MANAGERS OF 1693 MANAGEMENT CO LLC (THE INVESTMENT MANAGER OF 1693 PARTNERS FUND - A WHOLLY OWNED SUBSIDIARY OF W&M FOUNDATION). BONUSES ARE BASED ON A FIXED FORMULA INCORPORATING THE RETURN OF THE FUND AND OTHER FACTORS. THE CFO RECEIVED A REASONABLE MERIT BONUS BASED ON HIS PERFORMANCE. Schedule J, Part II COMPENSATION FROM UNRELATED ORGANIZATION THE INDIVIDUALS LISTED IN PART II ARE COMPENSATED BY WILLIAM & MARY, THE COMMON PAYMASTER FOR EMPLOYEES OF WILLIAM & MARY FOUNDATION. THE FOUNDATION AND THE UNIVERSITY ARE NOT RELATED ENTITIES. THE UNIVERSITY IS REIMBURSED FOR THE COMPENSATION OF EMPLOYEES WHO PERFORM SERVICES EXCLUSIVELY FOR THE FOUNDATION. PER THE FORM 990 INSTRUCTIONS, THEIR COMPENSATION IS REPORTED AS COMPENSATION FROM THE FILING ORGANIZATION. ADDITIONAL INFORMATION REGARDING COMPENSATION, ETC. IS REPORTED IN SCHEDULE O. A ECONOMIC DEVELOPMENT AUTHORITY OF JAMES CITY COUNTY VIRGINIA 541139263 000000000 2011-12-20 8090000 REFUND PRIOR TAX-EXEMPT BOND ISSUED 12/31/2006 false false false A 2000000 0 8090000 0 0 0 0 0 0 0 8090000 0 2011 true false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false false true false true false 0 false false false 0 false false true A true 76 33971708 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - COLUMN B REFERS TO THE NUMBER OF CONTRIBUTORS. PUBLISHED FAIR VALUE ON THE DATE OF THE CONTRIBUTION IS USED TO DETERMINE VALUE. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ including grants of $)(Revenue $ 798,825) THE FOUNDATION OWNS AND LEASES BUILDINGS AND FACILITIES TO WILLIAM & MARY FOR USE IN SUPPORT OF ITS ACADEMIC AND OPERATIONAL NEEDS. Form 990, Part VI, Line 1a Material differences in voting rights THE GOVERNING DOCUMENTS OF THE FOUNDATION AUTHORIZE THE EXECUTIVE COMMITTEE TO EXERCISE THE FULL POWER AND AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE TRUSTEES EXCEPT TO THE EXTENT LIMITED BY THE ARTICLES OF INCORPORATION, THE BYLAWS AND THE LAWS OF THE COMMONWEALTH OF VIRGINIA. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRPERSON AND VICE CHAIRPERSONS OF THE BOARD, SECRETARY, TREASURER, CHAIRPERSON OF EACH COMMITTEE, THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD, AND AT LARGE TRUSTEES OF THE BOARD. ALL EXECUTIVE COMMITTEE MEMBERS ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES. Form 990, Part VI, Line 6 Classes of members or stockholders THE PRESIDENT OF WILLIAM & MARY (OR AN INDIVIDUAL DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY) AND THE INDIVIDUAL SERVING AS RECTOR OF THE BOARD OF VISITORS OF WILLIAM & MARY (THE "BOV") (OR AN INDIVIDUAL DESIGNATED BY THE RECTOR OF THE BOV TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE RECTOR OF THE BOV) SERVE AS EX-OFFICIO TRUSTEES, WITH FULL VOTING RIGHTS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE PRESIDENT OF WILLIAM & MARY (OR AN INDIVIDUAL DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY) AND THE INDIVIDUAL SERVING AS RECTOR OF THE BOARD OF VISITORS OF WILLIAM & MARY (THE "BOV") (OR AN INDIVIDUAL DESIGNATED BY THE RECTOR OF THE BOV TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE RECTOR OF THE BOV) SERVE AS EX-OFFICIO TRUSTEES, WITH FULL VOTING RIGHTS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FOUNDATION PROVIDED A COPY OF FORM 990 TO THE GOVERNING BODY BEFORE IT WAS FILED. PRIOR TO FILING FORM 990, THE FOUNDATION'S CEO, CFO, EXECUTIVE DIRECTOR, CONTROLLER, AND AUDIT COMMITTEE REVIEW A DRAFT OF THE FORM. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL DISCLOSURES ARE REVIEWED FOR POSSIBLE CONFLICTS, WHICH ARE ADDRESSED IN THE MANNER OUTLINED IN THE CONFLICT OF INTEREST POLICY. MATTERS RAISED EITHER PRIOR TO OR DURING A MEETING OF THE BOARD OR ANY COMMITTEE ARE ADDRESSED AT THAT TIME. THE POLICY COVERS BOARD MEMBERS AND KEY STAFF MEMBERS. VOTING BOARD MEMBERS ARE RESTRICTED FROM VOTING ON MATTERS IN WHICH THEY MAY HAVE A CONFLICT, AND ARE EXCUSED FROM MEETINGS WHEN A VOTE IS TAKEN. DETERMINATION OF WHETHER A CONFLICT EXISTS IS MADE AT THE COMMITTEE OR BOARD LEVEL, BASED ON AUTHORITY TO TAKE ACTION. Form 990, Part VI, Line 19 Required documents available to the public THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION AND ITS RELATED ENTITIES ARE MADE AVAILABLE UPON REQUEST AND ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE GENERALLY NOT AVAILABLE TO THE PUBLIC, WITH THE EXCEPTION OF THE ORGANIZATION'S ARTICLES OF INCORPORATION, WHICH ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTERESTS - 158459; CHANGE IN VALUE OF LIFE INSURANCE SURRENDER VALUE - 122441; Gain/Loss Dispose Fixed Assets - -45706; Other Fund Additions - 15198; Total - 250392; PART VI, SECTION B, LINE 15A AND 15B PROCESS FOR DETERMINING COMPENSATION WILLIAM & MARY (THE UNIVERSITY) IS THE COMMON PAYMASTER FOR EMPLOYEES OF WILLIAM & MARY FOUNDATION (THE FOUNDATION). AS SUCH, THE FOUNDATION DOES NOT HAVE EMPLOYEES OF RECORD FOR PURPOSES OF FORM W-3 REPORTING. HOWEVER, THE UNIVERSITY AND THE FOUNDATION ARE NOT RELATED ENTITIES AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE SALARY AND BENEFIT COSTS FOR THE FOUNDATION'S EMPLOYEES FOR SERVICES PERFORMED EXCLUSIVELY FOR THE FOUNDATION. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE. THE FOUNDATION'S EXECUTIVE COMMITTEE COMPLETES AN ANNUAL EXECUTIVE PERFORMANCE REVIEW ASSESSMENT FOR THE CEO, WHICH IS SHARED WITH THE PRESIDENT OF THE UNIVERSITY. COMPENSATION FOR THE CHIEF INVESTMENT OFFICER IS DETERMINED IN PART BY THE BOARD OF MANAGERS OF THE 1693 MANAGEMENT CO LLC, A WHOLLY OWNED SUBSIDIARY OF THE FOUNDATION, WHICH CONSIDERED A SURVEY OF COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. CWMF VENTURES LLC 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 208014108 CONSTRUCT AND OWN A 3-STORY OFFICE BUILDING VA 826304 5984194 WILLIAM & MARY FOUNDATION FOUNDATION SERVICES LLC 5300 Discovery Park Boulevard WILLIAMSBURG VA 231882695 352687031 SUPPORT THE WILLIAM & MARY FOUNDATION VA 0 429445 WILLIAM & MARY FOUNDATION 1693 MANAGEMENT COMPANY LLC 5300 Discovery Park Boulevard WILLIAMSBURG VA 231882695 843512679 MANAGEMENT OF 1693 PARTNERS FUND VA 3077768 298852 WILLIAM & MARY FOUNDATION GATES HALL LLC 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 GATES HALL VA 0 35000 WILLIAM & MARY FOUNDATION THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 541720019 HOLD TITLE TO REAL ESTATE PROPERTY AND COLLECT INCOME THEREFROM VA 501(c)(2) WILLIAM & MARY FOUNDATION true MURRAY 1693 SCHOLARS FOUNDATION PO BOX 8795 WILLIAMSBURG VA 231878795 464365190 SUPPORT OF WILLIAM & MARY 1693 SCHOLARS PROGRAM VA 501(c)(3) Type I WILLIAM & MARY FOUNDATION true 1693 PARTNERS FUND 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 843505125 INVESTMENT OF ENDOWMENT VA 501(c)(3) Type I WILLIAM & MARY FOUNDATION true RELIANCE HOLDINGS LLC INVESTMENTS ADMINISTRATION 5300 DISCOVERY PARK BOULEVARD WILLIAMSBURG VA 231882695 541995402 HOLD MEMBERSHIP INTEREST IN NEW TOWN ASSOCIATES LLC VA THE COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION C Corporation 0 1018 0.01 true false true false true false false false false false false false false false true true false true true true THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION D 632859 ACTUAL AMOUNT MURRAY 1693 SCHOLARS FOUNDATION B 79430 ACTUAL AMOUNT 1693 PARTNERS FUND Q 3077768 ACTUAL AMOUNT 1693 PARTNERS FUND R 37985618 ACTUAL AMOUNT 1693 PARTNERS FUND S 41722631 ACTUAL AMOUNT