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Nonprofiteer
← 1693 PARTNERS FUND

Form 990 for tax year 2024

Filed by 1693 PARTNERS FUND.

Totals

Total revenue
$156,427,454
Total expenses
$61,188,386
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$61,188,386
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$61,188,386

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ELIZABETH CABELL JENNINGS

    CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES E MALLORY

    VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • A Clayton Perfall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANDREW W HORROCKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • DARPAN SUBHASH KAPADIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID R COVIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EUGENE P FOLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • J SCOTT PERKINS

    TRUSTEE (TERM ENDED 10/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JANET R ATWATER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • JODY W FORSYTH

    TRUSTEE (TERM ENDED 10/24)

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • JOH HYMAN

    TRUSTEE (TERM BEGAN 10/24)

    Total calculated
    $0
    Hours/week
    1

  • JOHN COLE SCOTT

    TRUSTEE (TERM BEGAN 10/24)

    Total calculated
    $0
    Hours/week
    1

  • John Fernando

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KARIM HK AHAMED

    TRUSTEE (TERM ENDED 10/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL C PETTERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CATHERINE MOUNTJOY

    CHIEF OPERATING OFFICER

    Total calculated
    $477,448
    From this org
    $0
    From related orgs
    $427,250
    Other
    $50,198
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,067 related
    Bonus
    $0 + $168,339 related
    Other
    $0 + $844 related
    Deferred
    $0 + $22,453 related
    Nontaxable benefits
    $0 + $27,745 related
    Filer's total
    $0 + $477,448 related

  • F BRIAN HIESTAND

    CHIEF INVESTMENT OFFICER

    Total calculated
    $734,772
    From this org
    $0
    From related orgs
    $664,032
    Other
    $70,740
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,628 related
    Bonus
    $0 + $311,567 related
    Other
    $0 + $1,837 related
    Deferred
    $0 + $36,360 related
    Nontaxable benefits
    $0 + $34,380 related
    Filer's total
    $0 + $734,772 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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), THE CONTROLLING ORGANIZATION OF 1693 PARTNERS FUND (THE ORGANIZATION). THE UNIVERSITY AND THE FOUNDATION ARE NOT RELATED ENTITIES AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE SALARY AND BENEFIT COSTS FOR FOUNDATION EMPLOYEES FOR SERVICES PERFORMED EXCLUSIVELY FOR THE FOUNDATION AND ITS CONTROLLED ORGANIZATIONS. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE. COMPENSATION FOR THE CHIEF INVESTMENT OFFICER IS DETERMINED IN PART BY THE BOARD OF MANAGERS OF 1693 MANAGEMENT COMPANY LLC (THE INVESTMENT MANAGER OF THE FUND - A WHOLLY OWNED SUBSIDIARY OF W&M FOUNDATION), WHICH CONSIDERED A SURVEY OF COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS.
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. 1693 MANAGEMENT COMPANY LLC (THE INVESTMENT MANAGER OF THE FUND - A WHOLLY OWNED SUBSIDIARY OF W&M FOUNDATION), REIMBURSES THE UNIVERSITY FOR ALL COMPENSATION COSTS OF THE ORGANIZATION, WHICH ARE PAID BY 1693 PARTNERS FUND FOR ALL OR A PORTION OF THE COMPENSATION FOR THESE INDIVIDUALS BASED ON THE INVESTMENT MANAGEMENT AGREEMENT BETWEEN 1693 PARTNERS FUND AND 1693 MANAGEMENT COMPANY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.1
Source object
202611359349312116

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