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← WILLIAM & MARY LAW SCHOOL FOUNDATION

Form 990 for tax year 2023

Filed by WILLIAM & MARY LAW SCHOOL FOUNDATION.

Totals

Total revenue
$5,986,001
Total expenses
$8,544,497
Contributions and grants received
$4,210,086
Grants paid
$4,271,845
Program service revenue
$148,103
Investment income
$1,627,812
Other revenue
$0
Total assets, end of year
$70,226,006
Total liabilities, end of year
$685,365
Net assets or fund balances, end of year
$69,540,641
Program services expenses (Part IX)
$7,170,803
Management and general expenses
$750,812
Fundraising expenses
$622,882
Program service expenses (Part III)
$7,170,803

Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,210,086

  • 1g · Noncash contributions included above

    $174,166

  • 2a · Program service revenue: STUDENT LAW PROGRAMS

    total $33,000 · related or exempt $33,000

  • 2b · Program service revenue: PHOTOCOPY INCOME

    total $19,589 · related or exempt $17,683 · unrelated business $1,906

  • 2f · All other program service revenue

    total $95,514 · related or exempt $95,514

  • 3 · Investment income

    total $870,930 · excluded $870,930

  • 7a · Gross sales of assets other than inventory

    securities $4,155,004

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

    securities $3,398,122

  • 7c · Gain or loss

    securities $756,882

  • 7d · Net gain or loss

    total $756,882 · excluded $756,882

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $417,439 · program services $417,439

  • 2 · Grants to domestic individuals

    total $3,854,406 · program services $3,854,406

  • 11a · Fees: management

    total $7,261 · program services $4,211 · management and general $3,050

  • 11b · Fees: legal

    total $1,702 · program services $518 · fundraising $1,184

  • 11c · Fees: accounting

    total $45,048 · program services $7,938 · management and general $37,110

  • 11f · Fees: investment management

    total $339,985 · management and general $339,985

  • 11g · Fees: other

    total $23,239 · program services $6,306 · management and general $16,896 · fundraising $37

  • 12 · Advertising and promotion

    total $78,212 · program services $71,864 · fundraising $6,348

  • 13 · Office expenses

    total $679,518 · program services $535,684 · management and general $44,382 · fundraising $99,452

  • 14 · Information technology

    total $159,523 · program services $93,919 · management and general $65,300 · fundraising $304

  • 16 · Occupancy

    total $391,030 · program services $360,252 · management and general $28,997 · fundraising $1,781

  • 17 · Travel

    total $257,153 · program services $196,083 · management and general $10,547 · fundraising $50,523

  • 19 · Conferences, conventions and meetings

    total $30,490 · program services $20,111 · management and general $188 · fundraising $10,191

  • 20 · Interest

    total $104,121 · management and general $104,121

  • 23 · Insurance

    total $16,642 · program services $1 · management and general $1,187 · fundraising $15,454

  • 24a · Other expenses: SHARED SERVICES

    total $1,922,511 · program services $1,464,891 · management and general $98,685 · fundraising $358,935

  • 24b · Other expenses: FOOD AND BEVERAGE

    total $216,092 · program services $137,180 · management and general $239 · fundraising $78,673

  • 24e · All other expenses

    total $125 · management and general $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,085 · end of year $126,061

  • 3 · Pledges and grants receivable

    beginning of year $1,465,139 · end of year $2,024,678

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,743 · end of year $15,334

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

    $347,638

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

    $84,722

  • 10c · Land, buildings and equipment, net

    beginning of year $262,916 · end of year $262,916

  • 11 · Investments: publicly traded securities

    beginning of year $113,259

  • 12 · Investments: other securities

    beginning of year $65,228,875 · end of year $67,200,383

  • 15 · Other assets

    beginning of year $596,926 · end of year $596,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,105 · end of year $685,365

  • 27 · Net assets without donor restrictions

    beginning of year $12,968,041 · end of year $11,942,950

  • 28 · Net assets with donor restrictions

    beginning of year $54,691,797 · end of year $57,597,691

Mission and programs · 2023

Mission

TO SUPPORT THE WILLIAM & MARY LAW SCHOOL AT THE COLLEGE OF WILLIAM & MARY.

Activities or mission (Part I)

SUPPORT THE WILLIAM & MARY LAW SCHOOL

  • ACADEMIC SUPPORT - KEY PROGRAMS LISTED BELOWCENTER FOR LEGAL AND COURTROOM TECHNOLOGY (CLCT): CLCT'S MISSION IS TO IMPROVE THE WORLD'S LEGAL SYSTEM THROUGH THE APPROPRIATE USE OF TECHNOLOGY. CLCT IS HEAVILY INVOLVED IN JUDICIAL AND LAWYER EDUCATION AND TRAINING (AV TECH CLASSES AND COURTROOM AFFILIATES PROGRAMS), PROVIDES COURTROOM DESIGN AND NEEDS ASSESSMENTS (CONSULTING AND COURTROOM AFFILIATES PROGRAMS), DOES RESEARCH FOR DISABLED ACCESS TO COURTROOMS (ACCESSIBLE COURTS INITIATIVE). CLCT SERVES THE LAW SCHOOL BY ASSIMILATING LAW STUDENTS INTO THE RESEARCH FUNCTION OF THE COURTROOM, BY TEACHING COURSES, AND BY SUPPORTING THE LEGAL SKILLS PROGRAM WITH TECHNOLOGICAL SUPPORT OF MOCK TRIALS REQUIRED AS A PART OF THE COURSEWORK.WILLIAM & MARY TAX CONFERENCE: PROVIDES CONTINUING EDUCATION CREDITS FOR ALUMNI AND OTHER LEGAL AND ACCOUNTING PROFESSIONALS FOR THE VIRGINIA AND NC BARS, AND FOR VIRGINIA BOARD OF ACCOUNTANCY. COURSE TOPICS ARE CHOSEN ANNUALLY, TO PARALLEL CHANGES IN REPORTING REQUIREMENTS, LEGAL REQUIREMENTS, AND THOSE NECESSITATED BY THE ECONOMY. THIS PROGRAM IS ADMINISTERED AND FACILITATED BY PROFESSORS AND STAFF OF THE LAW SCHOOL.INSTITUTE OF BILL OF RIGHTS LAW (IBRL): - CENTER FOR STUDY OF CONSTITUTIONAL LAW. IBRL FOCUSES ON ENHANCING SCHOLARLY UNDERSTANDING OF THE BILL OF RIGHTS BY HOSTING RELATED PROGRAMS, LIKE THE SUPREME COURT PREVIEW. LAW STUDENTS AND PROFESSORS WORK TOGETHER TO RESEARCH CONSTITUTIONAL LEGAL ISSUES.USIP: US INSTITUTE OF PEACE IS AN INDEPENDENT, NON-PARTISAN NATIONAL ORGANIZATION THAT PARTNERS WITH VARIOUS ORGANIZATIONS TO PROMOTE WORLD STABILITY, END CONFLICTS, AND PROFESSIONALIZE THE FIELD OF PEACE BUILDING. STUDENTS CAN OBTAIN EXTERNSHIPS AND RESEARCH OPPORTUNITIES AND TO PARTICIPATE IN VARIOUS PROGRAMS RELATED TO RULE OF LAW INITIATIVES IN MANY DIFFERENT COUNTRIES. OPERATING FUNDS AND OPTION BENEFITS: THE FOUNDATION SUBSIDIZES INITIATIVES THAT LAW SCHOOL FUNDS CANNOT SUPPORT. ALSO, THE FOUNDATION FUNDS PARTIAL PAYROLLS FOR INDIVIDUALS WHOSE JOB DESCRIPTIONS INCLUDE ADMINISTRATIVE DUTIES RELATED TO FOUNDATION ACTIVITY, SUCH AS INVESTMENT RECONCILIATIONS, PAYING FOUNDATION INVOICES, FINANCIAL REPORTING, ETC. ROUGHLY 65% OF THE ABOVE EXPENSES ARE RELATED TO PAYROLL.

    Expenses $1,434,067 · Revenue $95,514

  • INSTRUCTIONAL SUPPORT - KEY PROGRAMS ARE LISTED BELOWFACULTY PDF'S: THE LAW SCHOOL SUPPORTS 35 FULL TIME PROFESSORS, INCLUDING THE DEAN & VICE DEAN. AS A PART OF THIS SUPPORT, WHEN FUNDING FROM THE COLLEGE IS INADEQUATE, THE LAW SCHOOL FOUNDATION PROVIDES SOME FUNDING FOR RESEARCH TRAVEL & MATERIALS, FOR TECHNOLOGICAL SUPPORT, FOR MEMBERSHIPS AND OTHER PROFESSIONAL DEVELOPMENT NEEDS AS DETERMINED BY THE DEAN AND THE VICE DEAN. THE LAW SCHOOL FOUNDATION ALSO PROVIDES SOME HOUSING AND TRAVEL FUNDING FOR VISITING PROFESSORS, AND SOME FUNDING FOR THE APPOINTMENTS PROCESS INCLUDING INTERVIEW EXPENSES AND MOVING AND RELOCATION EXPENSES, AS NEEDED.VETERANS BENEFITS CLINIC: OFFERS STUDENTS OPPORTUNITY TO ASSIST VETERANS WITH FILING CLAIMS FOR DISABILITY COMPENSATION WITH THE DEPARTMENT OF VETERANS AFFAIRS. UNDER ATTORNEY SUPERVISION, THEY INTERVIEW CLIENTS, ANALYZE RECORDS, COMMUNICATE WITH SERVICE PROVIDERS AND CRAFT STRATEGIES THAT SERVE THE CLIENTS' INTERESTS.

    Expenses $1,464,891 · Revenue $50,683

  • PUBLIC SERVICE, SCHOLARSHIPS, FELLOWSHIPS AND STUDENT SERVICES EXPENSES.

    Expenses $4,271,845 · Grants $4,271,845

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Victor J Miller

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Catherine M Marriott

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jacob A Lutz III

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carla N Archie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia E Asquith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Susan B Comparato

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ian R Conner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen P Diamond Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick M Dyson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Paul R Eckert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John C Fernando

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren A Ferrari

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • L Allison Garde

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jay B Kennedy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kindra L Kirkeby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Julie P Laine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robert M McDowell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Nora Garcia Nickel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Charles D Patterson III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • James A Penney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Anita Owings Poston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jimmy F Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Katey Howerton

    CEO, ASST SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dan Scianandre

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    1

  • George Podolin

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jaime Welch-Donahue

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • COLLEGE OF WILLIAM AND MARY

    $417,439

    SUPPORT LAW SCHOOL PROGRAMS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LSH LLC

    REAL ESTATE · VA · income $0 · assets $262,916

    Directly controlled by WILLIAM & MARY LAW SCHOOL FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202521069349300717

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