Form 990 for tax year 2024
Filed by SUMNER G RAND JR FOUNDATION INC.
Totals
- Total revenue
- $106,782
- Total expenses
- $206,839
- Contributions and grants received
- $0
- Grants paid
- $181,163
- Program service revenue
- $0
- Investment income
- $106,782
- Other revenue
- $0
- Total assets, end of year
- $1,329,225
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,329,225
- Program services expenses (Part IX)
- $181,163
- Management and general expenses
- $25,676
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $181,163
Program services were 87.6% 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.
-
3 · Investment income
total $25,807 · excluded $25,807
-
7a · Gross sales of assets other than inventory
securities $4,096,955
-
7b · Less cost or other basis and sales expenses
securities $4,015,980
-
7c · Gain or loss
securities $80,975
-
7d · Net gain or loss
total $80,975 · related or exempt $80,975
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $181,163 · program services $181,163
-
11c · Fees: accounting
total $4,800 · management and general $4,800
-
11f · Fees: investment management
total $8,319 · management and general $8,319
-
11g · Fees: other
total $10,099 · management and general $10,099
-
17 · Travel
total $1,857 · management and general $1,857
-
23 · Insurance
total $601 · management and general $601
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $133,063 · end of year $45,075
-
2 · Savings and temporary cash investments
beginning of year $110,099 · end of year $160,172
-
11 · Investments: publicly traded securities
beginning of year $1,001,121 · end of year $983,915
-
12 · Investments: other securities
beginning of year $219,720 · end of year $140,063
-
27 · Net assets without donor restrictions
beginning of year $1,464,003 · end of year $1,329,225
Mission and programs · 2024
Mission
TO SUPPORT THE FACULTY OF ARTS AND SCIENCES OF THE COLLEGE OF WILLIAM & MARY.
-
SUPPORTS THE FACULTY OF ARTS AND SCIENCES OF THE COLLEGE OF WILLIAM & MARY THROUGH GRANTS. THE FOUNDATION PRIMARILY PROVIDES SUPPORT FOR THE THEATER, SPEECH AND DANCE DEPARTMENTS.
Expenses $181,163 · Grants $181,163
As filed on the 2024 return.
Listed in Part VII
-
Suzanne RaittSUZANNE RAITT
PRESIDENT
- Total calculated
- $462,101
- From this org
- $0
- From related orgs
- $375,025
- Other
- $87,076
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $375,025 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $4,378 related
- Nontaxable benefits
- not reported + $82,698 related
- Filer's total
- not reported + $462,101 related
-
Gerald BullockGERALD BULLOCK
VICE PRESIDE
- Total calculated
- $232,773
- From this org
- $0
- From related orgs
- $173,124
- Other
- $59,649
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $173,124 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $57,647 related
- Nontaxable benefits
- not reported + $2,002 related
- Filer's total
- not reported + $232,773 related
-
Rich LowryRICH LOWRY
DIRECTOR
- Total calculated
- $220,997
- From this org
- $0
- From related orgs
- $170,874
- Other
- $50,123
- Hours/week
- 1 + 45 related
Schedule J breakdown matched by us
- Base
- not reported + $170,874 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $48,373 related
- Nontaxable benefits
- not reported + $1,750 related
- Filer's total
- not reported + $220,997 related
-
Donald BrownDONALD BROWN
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 2
-
Susan BrownSUSAN BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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. 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
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
-
COLLEGE OF WILLIAM & MARY
$181,163
COLLEGE SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503079349300205
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