Skip to content
Nonprofiteer
← GEORGE W WOODRUFF TR UA FBO WALTER F GEORGE SCHL OF LAW MERCER UNIV

Form 990 for tax year 2024

Filed by GEORGE W WOODRUFF TR UA FBO WALTER F GEORGE SCHL OF LAW MERCER UNIV.

Totals

Total revenue
$3,676,097
Total expenses
$2,508,946
Contributions and grants received
$0
Grants paid
$2,375,000
Program service revenue
$0
Investment income
$3,676,097
Other revenue
$0
Total assets, end of year
$42,169,669
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$42,169,669
Program services expenses (Part IX)
$2,438,648
Management and general expenses
$70,298
Fundraising expenses
$0
Program service expenses (Part III)
$2,438,648

Program services were 97.2% 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 $1,264,344 · excluded $1,264,344

  • 7a · Gross sales of assets other than inventory

    securities $19,652,813

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

    securities $17,241,060

  • 7c · Gain or loss

    securities $2,411,753

  • 7d · Net gain or loss

    total $2,411,753 · excluded $2,411,753

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,375,000 · program services $2,375,000

  • 5 · Compensation of officers, directors and key employees

    total $127,296 · program services $63,648 · management and general $63,648

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $5,150 · management and general $5,150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $254,313

  • 2 · Savings and temporary cash investments

    beginning of year $800,223 · end of year $1,503,238

  • 11 · Investments: publicly traded securities

    beginning of year $40,203,619 · end of year $40,412,118

  • 29 · Capital stock, trust principal or current funds

    beginning of year $41,003,842 · end of year $42,169,669

Mission and programs · 2024

Mission

TO PROVIDE FOR THE WALTER F GEORGE SCHOOL OF LAW AT MERCER UNIVERSITY

  • TO PROVIDE FOR THE WALTER F GEORGE SCHOOL OF LAW AT MERCER UNIVERSITY

    Expenses $2,438,648 · Grants $2,375,000

As filed on the 2024 return.

Listed in Part VII

  • William D Underwood

    CO-TRUSTEE

    Total calculated
    $726,059
    From this org
    $0
    From related orgs
    $672,316
    Other
    $53,743
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $672,316 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $20,743 related
    Filer's total
    $0 + $726,059 related

  • Dr James Netherton

    CO-TRUSTEE

    Total calculated
    $405,401
    From this org
    $0
    From related orgs
    $353,994
    Other
    $51,407
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,994 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $18,407 related
    Filer's total
    $0 + $405,401 related

  • Juli Fields

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Truist Bank

    CO-TRUSTEE

    Total calculated
    $127,296
    From this org
    $127,296
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

EXPLANATION FOR FORM 990, SCHEDULE J, PART 1, LINE 1b
COMPENSATION IS FROM THE RELATED ORGANIZATION

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

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
1 May 2025
IRS schema version
2024v5.1
Source object
202521259349300962

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.