Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $5,888,534

• 1g · Noncash contributions included above

  $1,394,904

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,936,044 · excluded $1,936,044

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $2,989,404

• 7b · Less cost or other basis and sales expenses

  securities $1,980,174

• 7c · Gain or loss

  securities $1,009,230 · other assets $0

• 7d · Net gain or loss

  total $1,009,230 · excluded $1,009,230

• 11a · Other revenue: Miscellaneous Income

  total $116 · excluded $116

• 11b · Other revenue: Income from Investment K-1s

  total -$17,562 · unrelated business -$17,562

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  -$17,446

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,308,365 · program services $1,308,365

• 5 · Compensation of officers, directors and key employees

  total $400,048 · management and general $257,431 · fundraising $142,617

• 7 · Other salaries and wages

  total $1,551,924 · program services $884,313 · fundraising $667,611

• 8 · Pension plan contributions

  total $147,018 · program services $61,756 · fundraising $85,262

• 9 · Other employee benefits

  total $195,549 · program services $55,350 · fundraising $140,199

• 10 · Payroll taxes

  total $105,171 · program services $55,117 · fundraising $50,054

• 11b · Fees: legal

  total $9,313 · management and general $9,313

• 11c · Fees: accounting

  total $64,039 · management and general $61,099 · fundraising $2,940

• 11f · Fees: investment management

  total $379,893 · management and general $379,893

• 11g · Fees: other

  total $178,883 · program services $91,163 · management and general $85,605 · fundraising $2,115

• 12 · Advertising and promotion

  total $366,835 · program services $364,610 · fundraising $2,225

• 13 · Office expenses

  total $119,985 · program services $5,650 · management and general $42,085 · fundraising $72,250

• 14 · Information technology

  total $208,691 · program services $79,380 · management and general $122,328 · fundraising $6,983

• 16 · Occupancy

  total $27,820 · management and general $27,820

• 17 · Travel

  total $93,850 · program services $11,684 · fundraising $82,166

• 19 · Conferences, conventions and meetings

  total $814,705 · program services $343,066 · management and general $59,211 · fundraising $412,428

• 23 · Insurance

  total $7,455 · management and general $7,455

• 24a · Other expenses: Membership Fees

  total $19,297 · program services $3,575 · management and general $15,722

• 24b · Other expenses: Business Meals

  total $2,105 · program services $2,105

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $496,116 · end of year $822,584

• 2 · Savings and temporary cash investments

  beginning of year $10,731,941 · end of year $11,658,143

• 3 · Pledges and grants receivable

  beginning of year $2,561,006 · end of year $2,264,392

• 4 · Accounts receivable

  beginning of year $110,363 · end of year $114,430

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $13,145 · end of year $2,488

• 10a · Land, buildings and equipment: cost or other basis

  $0

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $36,085,160 · end of year $40,641,361

• 12 · Investments: other securities

  beginning of year $58,648,340 · end of year $63,352,860

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,369,408 · end of year $1,412,170

• 17 · Accounts payable and accrued expenses

  beginning of year $187,052 · end of year $95,588

• 19 · Deferred revenue

  beginning of year $10,355 · end of year $27,264

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,288,125 · end of year $4,144,867

• 28 · Net assets with donor restrictions

  beginning of year $106,529,947 · end of year $116,000,709

The filer's explanations (Part III)

Schedule J, Part II & PART VII, SECTION A, LINE 5

THE CEO, ASSISTANT TREASURER, AND ASSISTANT SECRETARY ARE PAID BY THE COLLEGE OF WILLIAM & MARY, AN UNRELATED ORGANIZATION. THE FOUNDATION REIMBURSES WILLIAM & MARY FOR THEIR SALARY AND BENEFITS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUST (3)

  Trust · CHARITABLE REMAINDER TRUST · VA · controlled entity

  Directly controlled by WMBSF