WILLIAM & MARY FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: WILLIAM & MARY FOUNDATION (EIN 54-0734117)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-05-15
IRS object ID: 202441369349307809
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule F
Schedule I
Schedule J
Schedule K
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-15T11:51:50+00:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	401 East Las Olas Blvd Suite 1100	AddressLine1Txt
City	Fort Lauderdale	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	333014230	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	540734117	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	William & Mary Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WILL	BusinessNameControlTxt
Phone	7572211906	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5300 DISCOVERY PARK BLVD 3rd FLOOR	AddressLine1Txt
City	WILLIAMSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	231882695	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MATTHEW T LAMBERT	PersonNm
Person Title	CHIEF EXECUTIVE OFFICER	PersonTitleTxt
Signature	2024-05-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BRUCE	PersonFirstNm
Person Last	AIRD	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BRITTNEY KOCAJ	PreparerPersonNm
PTIN	P01320603	PTIN
Phone	9542028600	PhoneNum

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MATTHEW T LAMBERT	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5300 DISCOVERY PARK BLVD 3rd FLOOR	AddressLine1Txt
City	WILLIAMSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	231882695	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$235,131,497	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	https://wmf1693.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1939	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	TO AID, STRENGTHEN AND EXPAND, IN EVERY PROPER AND USEFUL WAY, THE WORK OF WILLIAM & MARY, A PUBLIC UNIVERSITY IN VIRGINIA.	ActivityOrMissionDesc
Voting Members Governing Body	38	VotingMembersGoverningBodyCnt
Voting Members Independent	38	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	43	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$31,141,557	PYContributionsGrantsAmt
CY Contributions Grants	$20,121,582	CYContributionsGrantsAmt
PY Program Service Revenue	$3,410,413	PYProgramServiceRevenueAmt
CY Program Service Revenue	$3,342,111	CYProgramServiceRevenueAmt
PY Investment Income	$65,251,393	PYInvestmentIncomeAmt
CY Investment Income	$17,530,373	CYInvestmentIncomeAmt
PY Other Revenue	$900,738	PYOtherRevenueAmt
CY Other Revenue	$57,096	CYOtherRevenueAmt
PY Total Revenue	$100,704,101	PYTotalRevenueAmt
CY Total Revenue	$41,051,162	CYTotalRevenueAmt
PY Grants And Similar Paid	$33,375,279	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$42,523,424	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,127,139	CYTotalFundraisingExpenseAmt
PY Other Expenses	$8,892,150	PYOtherExpensesAmt
CY Other Expenses	$10,073,550	CYOtherExpensesAmt
PY Total Expenses	$42,267,429	PYTotalExpensesAmt
CY Total Expenses	$52,596,974	CYTotalExpensesAmt
PY Revenues Less Expenses	$58,436,672	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$11,545,812	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,102,294,415	TotalAssetsBOYAmt
Total Assets EOY	$1,134,029,696	TotalAssetsEOYAmt
Total Liabilities BOY	$31,033,524	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$33,715,967	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,071,260,891	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,100,313,729	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO AID, STRENGTHEN AND EXPAND, IN EVERY PROPER AND USEFUL WAY, THE WORK OF WILLIAM & MARY, A PUBLIC UNIVERSITY IN VIRGINIA.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$32,348,872	ExpenseAmt
Grant	$28,519,740	GrantAmt
Revenue	$0	RevenueAmt
Desc	THE FOUNDATION PROVIDES FINANCIAL AID FOR STUDENTS OF WILLIAM & MARY.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$13,495,801	ExpenseAmt
Grant	$13,495,801	GrantAmt
Revenue	$0	RevenueAmt
Desc	THE FOUNDATION PROVIDES SUPPORT FOR SALARIES OF PROFESSORS AND OTHER STAFF, AND OTHER GENERAL SUPPORT FOR WILLIAM & MARY.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$507,883	ExpenseAmt
Grant	$507,883	GrantAmt
Revenue	$2,591,456	RevenueAmt
Desc	THE FOUNDATION PROVIDES SUPPORT FOR OTHER RELATED ORGANIZATIONS. ADDITIONAL DETAILS CAN BE FOUND IN PART IX AND SCHEDULE I.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$0	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$750,655	RevenueAmt
Desc	RENT REVENUE FROM RENT OF BUILDINGS TO WILLIAM & MARY.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Revenue	$750,655	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$46,352,556	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	22	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	38	GoverningBodyVotingMembersCnt
Independent Voting Member	38	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	FL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ME	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NV	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	UT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Michelle Bernal	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7572211906	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5300 Discovery Park Boulevard	AddressLine1Txt
City	Williamsburg	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	231882695	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd
CLIFFORD B FLEET III
TRUSTEE/CHAIRPERSON OF THE BOARD	1.0	1.5	Yes (X)	Yes (X)	$0	$0	$0
ELIZABETH CABELL JENNINGS
TRUSTEE/VICE CHAIRPERSON FOR INVESTMENTS	1.0	1.0	Yes (X)	Yes (X)	$0	$0	$0
JANET R ATWATER
TRUSTEE/VICE CHAIRPERSON FOR DEVELOPMENT STRATEGY	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
RAELENE C WAGONER
TRUSTEE/SECRETARY	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
ANDREW W HORROCKS
TRUSTEE	1.0	1.5	Yes (X)		$0	$0	$0
BROOKE TRIBLE WEINMANN
TRUSTEE (TERM ENDED 10/22)	1.0	0.0	Yes (X)		$0	$0	$0
CHET M THAKER
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
CHRISTINE MARIE VILLA
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
DARPAN S KAPADIA
TRUSTEE	1.0	1.0	Yes (X)		$0	$0	$0
DAVID J JALLITS
TRUSTEE (TERM ENDED 10/22)	1.0	1.0	Yes (X)		$0	$0	$0
DAVID N KELLEY
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
DAVID R COVIN
TRUSTEE	1.0	1.0	Yes (X)		$0	$0	$0
DAWN M AARON
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
DR STEPHEN S TANG
TRUSTEE (TERM BEGAN 10/22)	1.0	0.0	Yes (X)		$0	$0	$0
EUGENE P FOLEY JR
TRUSTEE	1.0	1.0	Yes (X)		$0	$0	$0
FRANCES C ENGORON
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
HILARY GRANT DIXON
TRUSTEE (TERM BEGAN 10/22)	1.0	0.0	Yes (X)		$0	$0	$0
HOWARD DALE MCFADDEN
TRUSTEE (TERM ENDED 07/22)	1.0	0.0	Yes (X)		$0	$0	$0
HYLAH B BALLOWE
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
J SCOTT PERKINS
TRUSTEE	1.0	1.0	Yes (X)		$0	$0	$0
JAMES E MALLORY
TRUSTEE	1.0	1.0	Yes (X)		$0	$0	$0
JANE CHURCH HORVATH
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
JENNIFER T MACKESY
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
JILL MARIE LORD
TRUSTEE	1.0	1.0	Yes (X)		$0	$0	$0
JODY W FORSYTH
TRUSTEE	1.0	1.5	Yes (X)		$0	$0	$0
JOHN E LITTEL
TRUSTEE/VOTING EX-OFFICIO (TERM ENDED 10/22)	1.0	2.0	Yes (X)		$0	$0	$0
JOHN E SIMMONS
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
KARLA MUNDEN
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
KATHERINE A ROWE
TRUSTEE/ VOTING EX-OFFICIO	1.0	0.2	Yes (X)		$0	$0	$0
KEVIN M PHILLIPS
TRUSTEE (TERM ENDED 10/22)	1.0	0.0	Yes (X)		$0	$0	$0
LOUIS GERARD DUDNEY
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
MARK C BUSH
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
MASHEA M ASHTON
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
MELISSA D FRIEDERY
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
MICHAEL C PETTERS
TRUSTEE/VOTING EX-OFFICIO (TERM BEGAN 10/22)	1.0	0.0	Yes (X)		$0	$0	$0
MICHAEL C SAPNAR
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
MICHAEL K POWELL
TRUSTEE	1.0	1.5	Yes (X)		$0	$0	$0
PAMELA JORDAN PENNY
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
PENELOPE H MEREDITH
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
SHELLEY B GOODE
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
TERI DALE DUNGAN
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
TODD A STOTTLEMYER
TRUSTEE	1.0	0.0	Yes (X)		$0	$0	$0
TODD ANDREW HOWARD
TRUSTEE (TERM BEGAN 10/22)	1.0	0.0	Yes (X)		$0	$0	$0
AMY S SEBRING
CHIEF FINANCIAL OFFICER AND TREASURER (ENDED 10/22)	13.0	2.0		Yes (X)	$92,188	$0	$16,105
BRUCE G AIRD
CHIEF FINANCIAL OFFICER AND TREASURER ( BEGAN 04/23)	48.0	2.0		Yes (X)	$0	$0	$0
JULIE S LEACH
EXECUTIVE DIRECTOR	32.0	0.0		Yes (X)	$91,834	$0	$30,113
MATTHEW T LAMBERT
CHIEF EXECUTIVE OFFICER	30.0	0.5		Yes (X)	$219,040	$0	$35,033
WILLIAM D COPAN JR
ASSISTANT TREASURER (ENDED 9/22)	12.5	37.5		Yes (X)	$195,079	$0	$34,242
CATHERINE MOUNTJOY
CHIEF OPERATING OFFICER, 1693 PARTNERS FUND	5.0	40.0			$511,339	$0	$45,924	Yes (X)
F BRIAN HIESTAND
CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND	10.0	40.0			$866,051	$0	$64,206	Yes (X)
KARYN A TANCREDI
CONTROLLER (ENDED 12/22)	50.0	0.0			$165,199	$0	$43,851	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,140,730	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$269,474	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Cambridge Associates LLC
125 HIGH ST	BOSTON	MA	021102704	INVESTMENT ADVISORY SERVICES	$475,000
BLACKBAUD INC
65 FAIRCHILD STREET	CHARLESTON	SC	29492	SYSTEM IMPLEMENTATION	$441,683
McGuireWoods LLP
800 E CANAL ST	RICHMOND	VA	232193956	LEGAL SERVICES	$211,844
Arnold & Porter Kaye Scholar LLP
601 MASSACHUSETTS AVE NW	WASHINGTON	DC	200013743	LEGAL SERVICES	$180,000
Deloitte & Touche LLP
4022 SELLS DR	HERMITAGE	TN	370762903	ACCOUNTING SERVICES	$114,503

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	7	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$20,121,582	AllOtherContributionsAmt
Noncash Contributions	$2,891,625	NoncashContributionsAmt
Total Contributions	$20,121,582	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENT OF BUILDINGS TO W&M	531120	$750,655	$750,655
Management Fees - Related Orgs	525910	$2,591,456	$2,591,456

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$3,342,111	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$13,675,436	TotalRevenueColumnAmt
Exclusion	$13,675,436	ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$197,935,272	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$194,080,335	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$3,854,937	SecuritiesAmt
Other	$0	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,854,937	TotalRevenueColumnAmt
Exclusion	$3,854,937	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$57,096	TotalRevenueColumnAmt
Exclusion	$57,096	ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$57,096	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$41,051,162	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,342,111	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$17,587,469	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$42,523,424	TotalAmt
Program Services	$42,523,424	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$42,763	TotalAmt
Program Services	$10,816	ProgramServicesAmt
Management And General	$18,266	ManagementAndGeneralAmt
Fundraising	$13,681	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$145,670	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$145,145	ManagementAndGeneralAmt
Fundraising	$525	FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$187,049	TotalAmt
Program Services	$187,049	ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$387,500	TotalAmt
Management And General	$387,500	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,021,950	TotalAmt
Program Services	$510,924	ProgramServicesAmt
Management And General	$374,588	ManagementAndGeneralAmt
Fundraising	$1,136,438	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$102,370	TotalAmt
Program Services	$49,400	ProgramServicesAmt
Management And General	$27,681	ManagementAndGeneralAmt
Fundraising	$25,289	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$949,637	TotalAmt
Program Services	$175,944	ProgramServicesAmt
Management And General	$5,406	ManagementAndGeneralAmt
Fundraising	$768,287	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$200,911	TotalAmt
Program Services	$61,655	ProgramServicesAmt
Management And General	$1,519	ManagementAndGeneralAmt
Fundraising	$137,737	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$173,097	TotalAmt
Program Services	$149,581	ProgramServicesAmt
Management And General	$14,533	ManagementAndGeneralAmt
Fundraising	$8,983	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$2,797	TotalAmt
Program Services	$179	ProgramServicesAmt
Management And General	$1,168	ManagementAndGeneralAmt
Fundraising	$1,450	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$307,866	TotalAmt
Program Services	$222,132	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$85,734	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$299,114	TotalAmt
Program Services	$184,699	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$114,415	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$508,562	TotalAmt
Program Services	$378,635	ProgramServicesAmt
Management And General	$108,271	ManagementAndGeneralAmt
Fundraising	$21,656	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
STAFF COMPENSATION	$4,336,200	$1,745,111	$984,816	$1,606,273
FOOD SERVICES	$230,857	$58,733	$25,964	$146,160
BOOKS, SUBSCRIPTIONS	$151,990	$81,815	$14,620	$55,555
Sales/Other Taxes	$16,733	$11,064	$5,669	$0

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,484	TotalAmt
Program Services	$1,395	ProgramServicesAmt
Management And General	$2,133	ManagementAndGeneralAmt
Fundraising	$4,956	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$52,596,974	TotalAmt
Program Services	$46,352,556	ProgramServicesAmt
Management And General	$2,117,279	ManagementAndGeneralAmt
Fundraising	$4,127,139	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$8,016,235	BOYAmt
EOY	$8,637,252	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$33,674,589	BOYAmt
EOY	$21,260,107	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,185,548	BOYAmt
EOY	$4,463,514	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$499,855	BOYAmt
EOY	$499,855	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$578,178	BOYAmt
EOY	$1,107,560	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$15,675,678	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$8,703,521	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$7,271,271	BOYAmt
EOY	$6,972,157	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$4,645,868	BOYAmt
EOY	$5,265,600	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$828,129,037	BOYAmt
EOY	$871,384,967	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$216,293,834	BOYAmt
EOY	$214,438,684	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,102,294,415	BOYAmt
EOY	$1,134,029,696	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$686,343	BOYAmt
EOY	$2,664,164	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$29,040	BOYAmt
EOY	$26,545	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$6,090,000	BOYAmt
EOY	$6,090,000	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$1,909,703	BOYAmt
EOY	$1,710,464	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$22,318,438	BOYAmt
EOY	$23,224,794	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$31,033,524	BOYAmt
EOY	$33,715,967	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$39,902,393	BOYAmt
EOY	$44,236,488	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,031,358,498	BOYAmt
EOY	$1,056,077,241	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,071,260,891	BOYAmt
EOY	$1,100,313,729	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,102,294,415	BOYAmt
EOY	$1,134,029,696	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$11,545,812	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$40,297,920	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$300,730	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Organization	Yes (X)	CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$46,053,202	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$64,598,226	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,369,419	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$31,141,557	CurrentTaxYearMinus1YearAmt
Current Tax Year	$20,121,582	CurrentTaxYearAmt
Total	$190,283,986	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$46,053,202	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$64,598,226	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,369,419	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$31,141,557	CurrentTaxYearMinus1YearAmt
Current Tax Year	$20,121,582	CurrentTaxYearAmt
Total	$190,283,986	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$36,057,913	SubstantialContributorsTotAmt
Public Support Total170	$154,226,073	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$10,107,705	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$11,034,802	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$10,388,111	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$10,450,589	CurrentTaxYearMinus1YearAmt
Current Tax Year	$13,675,436	CurrentTaxYearAmt
Total	$55,656,643	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$84,673	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,555	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$47,697	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$900,738	CurrentTaxYearMinus1YearAmt
Current Tax Year	$57,096	CurrentTaxYearAmt
Total	$1,095,759	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$247,036,388	TotalSupportAmt
Gross Receipts Rltd Activities	$10,747,313	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.6243	PublicSupportCY170Pct
Public Support PY170	0.6379	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule A, Part II, Line 10 Other Income	FormAndLineReferenceDesc
Explanation	DESCRIPTION - OTHER INCOME, COLUMN A - 84673.0, COLUMN B - 5555.0, COLUMN C - 47697.0, COLUMN D - 900738.0, COLUMN E - 57096.0, COLUMN F - 1095759.0;	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	false	VolunteersInd
Paid Staff Or Management	Yes (true)	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (true)	DirectContactLegislatorsInd
Direct Contact Legislators	$187,049	DirectContactLegislatorsAmt
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
Total Lobbying Expenditures	$187,049	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY	FormAndLineReferenceDesc
Explanation	WILLIAM & MARY FOUNDATION PAID REGISTERED LOBBYISTS TO CONTACT MEMBERS OF THE UNITED STATES CONGRESS, VIRGINIA GENERAL ASSEMBLY, AND OTHER GOVERNMENT OFFICIALS REGARDING PENDING LEGISLATION RELATED TO HIGHER EDUCATION PROGRAMS, RESEARCH AND DEVELOPMENT INITIATIVES, FUNDING, STUDENT FINANCIAL AID, CAREER DEVELOPMENT, STUDENT VETERANS, COASTAL SYSTEMS AND OTHER VARIOUS ISSUES HELPFUL TO THE MISSION OF WILLIAM & MARY FOUNDATION.	ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Revenues Included	$0	RevenuesIncludedAmt
Assets Included	$6,144,743	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

Field	Value	IRS element (for citing)
Collection Used Other Purposes	Yes (X)	CollectionUsedOtherPurposesInd
Other Purposes	COLLECTION USED FOR TEACHING	OtherPurposesDesc

Field	Value	IRS element (for citing)
Solicited Assets Sale	false	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$743,301,003	BeginningYearBalanceAmt
Contributions	$18,547,940	ContributionsAmt
Investment Earnings Or Losses	$50,725,344	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$10,946,422	GrantsOrScholarshipsAmt
Other Expenditures	$17,136,530	OtherExpendituresAmt
Administrative Expenses	$2,145,000	AdministrativeExpensesAmt
End Year Balance	$782,346,335	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$780,004,828	BeginningYearBalanceAmt
Contributions	$20,792,882	ContributionsAmt
Investment Earnings Or Losses	-$30,122,199	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$9,433,359	GrantsOrScholarshipsAmt
Other Expenditures	$16,126,149	OtherExpendituresAmt
Administrative Expenses	$1,815,000	AdministrativeExpensesAmt
End Year Balance	$743,301,003	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$577,882,344	BeginningYearBalanceAmt
Contributions	$19,940,287	ContributionsAmt
Investment Earnings Or Losses	$207,869,492	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,491,339	GrantsOrScholarshipsAmt
Other Expenditures	$15,380,956	OtherExpendituresAmt
Administrative Expenses	$1,815,000	AdministrativeExpensesAmt
End Year Balance	$780,004,828	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$583,962,456	BeginningYearBalanceAmt
Contributions	$21,185,597	ContributionsAmt
Investment Earnings Or Losses	-$2,713,926	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,705,208	GrantsOrScholarshipsAmt
Other Expenditures	$15,031,575	OtherExpendituresAmt
Administrative Expenses	$1,815,000	AdministrativeExpensesAmt
End Year Balance	$577,882,344	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$553,237,491	BeginningYearBalanceAmt
Contributions	$24,582,320	ContributionsAmt
Investment Earnings Or Losses	$29,293,255	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$9,771,630	GrantsOrScholarshipsAmt
Other Expenditures	$11,563,980	OtherExpendituresAmt
Administrative Expenses	$1,815,000	AdministrativeExpensesAmt
End Year Balance	$583,962,456	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.0337	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.4737	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.4926	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (true)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,354,065	OtherCostOrOtherBasisAmt
Book Value	$2,354,065	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,615,067	OtherCostOrOtherBasisAmt
Depreciation	$2,978,025	DepreciationAmt
Book Value	$3,637,042	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,108,485	OtherCostOrOtherBasisAmt
Depreciation	$5,094,934	DepreciationAmt
Book Value	$13,551	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,598,061	OtherCostOrOtherBasisAmt
Depreciation	$630,562	DepreciationAmt
Book Value	$967,499	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$6,972,157	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
INVESTMENT 1693 PARTNERS FUND	$800,290,549	F
DISCOUNT NOTES AND OTHER SHORT TERM INVESTMENTS	$70,897,150	F
INVESTMENT IN COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION	$5,000	C
LIMITED PARTNERSHIPS	$174,268	F
OTHER INVESTMENTS	$18,000	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$871,384,967	TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDesc	Book ValueBookValueAmt
COLLECTIONS	$6,144,744
RECEIVABLE FROM CHARITABLE REMAINDER TRUSTS	$4,283,694
CASH SURRENDER VALUE OF LIFE INSURANCE	$1,764,149
FUNDS HELD IN TRUSTS BY OTHERS	$202,246,097

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$214,438,684	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
DEFERRED COMPENSATION LIABILITY
LIFE ESTATES RETAINED BY DONORS	$264,536
OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS	$2,308,492
FUNDS HELD FOR OTHERS	$20,651,766

Field	Value	IRS element (for citing)
Total Liability	$23,224,794	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part III, Line 4 Collections of art - description of collections	THE FOUNDATION OWNS WORKS OF ART FOR THE BENEFIT OF THE MUSCARELLE MUSEUM OF WILLIAM & MARY, AS WELL AS ANTIQUES USED BY WILLIAM & MARY IN VARIOUS BUILDINGS.
Schedule D, Part V, Line 4 Intended uses of endowment funds	PAYOUT FROM ENDOWMENT FUNDS IS USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OTHER DEPARTMENTAL USES, OR FOR THE GENERAL PURPOSES OF THE FOUNDATION OR WILLIAM & MARY. IN ADDITION TO ENDOWMENTS REPORTED IN SCHEDULE D, THE FOUNDATION HAS AN IRREVOCABLE INTEREST IN A PORTION OF THE INCOME FROM THESE ENTITIES. THE VALUE OF THE FOUNDATION'S INTEREST IN THESE ENTITIES IS REPORTED AS FUNDS HELD IN TRUST BY OTHERS, AND WAS $202,246,097 AND $204,422,205 AT JUNE 30, 2023 AND 2022, RESPECTIVELY. CHANGE IN THE VALUE OF THIS INTEREST DURING THE YEAR IS $2,176,108. THE FOUNDATION ALSO HOLDS CERTAIN ENDOWMENTS FOR THE BENEFIT OF THE OMOHUNDRO INSTITUTE OF EARLY AMERICAN HISTORY AND CULTURE VALUED AT $20,651,766 AND $20,116,426 AT JUNE 30, 2023 AND 2022, RESPECTIVELY. IN ACCORDANCE WITH ACCOUNTING GUIDANCE, THE OMOHUNDRO ENDOWMENTS ARE REPORTED WITH AN OFFSETTING LIABILITY AND ACTIVITY RELATING TO THE OMOHUNDRO ENDOWMENTS IS NOT REPORTED IN THE FOUNDATION'S STATEMENT OF ACTIVITY. AS A RESULT, THE OMOHUNDRO FUNDS ARE NOT INCLUDED IN PART V OF SCHEDULE D. DISTRIBUTIONS IN THE AMOUNT OF $763,690 WERE MADE FROM THE OMOHUNDRO ENDOWMENTS TO THE OMOHUNDRO INSTITUTE DURING THE YEAR.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	The Foundation, the 1693 Foundation and the Fund are nonstock corporations which have been determined by the Internal Revenue Service to be exempt from taxes on income derived from activities related to its exempt purpose under Section 501(c)(3) of the Internal Revenue Code. The REF is a stock corporation, wholly owned by the Foundation, which has been determined by the Internal Revenue Service to be exempt from taxes on income derived from activities related to its exempt purpose under Section 501(c)(2) of the Internal Revenue Code. Reliance is a limited liability company that is not disregarded for tax purposes, and therefore is subject to tax. CWMF Ventures, Foundation Services, 1693 Management and Brown Hall, LLC are disregarded entities for income tax purposes, and all activity is reported on the Foundation's tax return. ASC Topic 740, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in financial statements. ASC Topic 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing tax returns of the Foundation and its affiliated entities to determine whether the tax positions will "more-likely-than-not" be sustained by the applicable tax authority. As a result, tax positions not meeting the more-likely-than not threshold would result in a current year expense or the absence of a benefit, as appropriate for the tax position. The Foundation has concluded that no provision for income tax is required in the Foundation's consolidated financial statements for the years ended June 30, 2023 and 2022. As of June 30, 2022, the Foundation had federal net operating losses available for carryforward in the amount of $3,893,197 as a result of unrelated business taxable income ("UBTI") resulting from investments in the Trust. UBTI is taxed at the prevailing corporate tax rate. Reliance had a net operating loss carryforward of $281,455 as of June 30, 2022. The loss carryforwards begin to expire in 2027. Due to the uncertainty about whether these losses will result in a tax asset, no tax asset was recorded in the consolidated financial statements at June 30, 2023 and 2022. Net operating losses arising in tax years ending after December 31, 2017, have an indefinite carryforward period. Losses arising in earlier tax years have a carryforward period of twenty years. Losses arising in tax years beginning after December 31, 2017, are limited to 80% of taxable income in the year deducted. The filing deadline for the June 30, 2023, tax return is May 15, 2024. In addition to the year ended June 30, 2023, the years ended June 30, 2022, 2021, and 2020 are open for inspection by the taxing authorities.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

Field	Value	IRS element (for citing)
Region	Central America and the Caribbean	RegionTxt
Offices	0	OfficesCnt
Employee	0	EmployeeCnt
Type Of Activities Conducted	Investments	TypeOfActivitiesConductedTxt
Region Total Expenditures	$174,268	RegionTotalExpendituresAmt

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$174,268	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$174,268	TotalSpentAmt
Transfer To Foreign Corp	false	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	false	PassiveForeignInvestmestCoInd
Foreign Partnership	false	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	FormAndLineReferenceDesc
Explanation	CENTRAL AMERICA AND THE CARIBBEAN-Accrual	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (23 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$13,495,802	SCHOLARSHIPS
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$3,283,334	PROFESSORSHIPS
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$3,102,213	ATHLETIC COMPLEX FUND
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$2,390,781	CENTER FOR THE VISUAL ARTS
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$2,319,543	INTERCOLLEGIATE ATHLETICS
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$2,027,309	ADVANCEMENT FUNDING
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$1,538,122	LIBRARY ENHANCEMENTS, SUPPORT AND ADMINISTRATION
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$1,531,200	UNIVERSITY STRATEGIC PRIORITIES
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$1,439,496	W & M VET PROGRAM
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$1,243,039	INSTITUTE, INTEGRATIVE CONSERVE FD
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$1,093,085	JIMMYE LAYCOCK FOOTBALL COMPLEX
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$1,038,826	MUSEUMS AND GALLERIES
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$975,000	TENNIS FACILITY FUND
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$930,847	CAMP LAUNCH PROGRAM
THE COLLEGE OF WILLIAM & MARY
PO BOX 8795	WILLIAMSBURG	VA	231878795	546001718	GOVERNMENT ENTITY	$670,067	ALUMNI HOUSE EXPANSION
THE COLLEGE OF WILLIAM & MARY
PO BOX 8797	WILLIAMSBURG	VA	231878797	546001718	GOVERNMENT ENTITY	$415,501	GLOBAL RESEARCH INSTITUTE FUND
THE COLLEGE OF WILLIAM & MARY
PO BOX 8798	WILLIAMSBURG	VA	231878798	546001718	GOVERNMENT ENTITY	$4,528,377	GENERAL SUPPORT OF UNIVERSITY
MURRAY 1693 SCHOLARS FOUNDATION
PO BOX 8795	WILLIAMSBURG	VA	231878795	464365190	501(C)(3)	$101,888	GENERAL SUPPORT
WILLIAM & MARY ALUMNI ASSOCIATION
PO BOX 8795	WILLIAMSBURG	VA	231878795	546054289	501(C)(3)	$236,843	GENERAL SUPPORT
OMOHUNDRO INSTITUTE OF EARLY AMERICAN HISTORY & CULTURE
PO BOX 8781	WILLIAMSBURG	VA	231878781	541045628	501(C)(3)	$5,408	GENERAL SUPPORT
THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION INC
PO BOX 8795	WILLIAMSBURG	VA	231878795	541720019	501(C)(3)	$61,852	GENERAL SUPPORT
WILLIAM AND MARY ATHLETIC EDUCATIONAL FOUNDATION
PO BOX 399	WILLIAMSBURG	VA	23187	546056480	501(C)(3)	$89,891	GENERAL SUPPORT
MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION
PO BOX 8795	WILLIAMSBURG	VA	23188	541224563	501(C)(3)	$5,000	GENERAL SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	7	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	SCHOLARSHIPS ARE AWARDED BY EITHER THE FINANCIAL AID OFFICE OR ACADEMIC DEPARTMENTS OF WILLIAM & MARY BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT AND OTHER SIMILAR STANDARDS. AT THE TIME OF DISBURSEMENT FOR SCHOLARSHIPS OR OTHER NEEDS, THE PURPOSE IS REVIEWED TO ENSURE IT IS IN COMPLIANCE WITH DONOR RESTRICTIONS, IF ANY.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MATTHEW T LAMBERT
CHIEF EXECUTIVE OFFICER	$217,584	$0	$750	$0	$706	$0	$16,945	$0	$18,088	$0	$254,073	$0	$0	$0
WILLIAM D COPAN JR
ASSISTANT TREASURER (ENDED 9/22)	$188,844	$0	$500	$0	$5,735	$0	$17,720	$0	$16,522	$0	$229,321	$0	$0	$0
F BRIAN HIESTAND
CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND	$315,770	$0	$548,645	$0	$1,636	$0	$32,200	$0	$32,006	$0	$930,257	$0	$0	$0
CATHERINE MOUNTJOY
CHIEF OPERATING OFFICER, 1693 PARTNERS FUND	$231,746	$0	$278,846	$0	$747	$0	$20,198	$0	$25,726	$0	$557,263	$0	$0	$0
KARYN A TANCREDI
CONTROLLER (ENDED 12/22)	$162,265	$0	$1,500	$0	$1,434	$0	$24,073	$0	$19,778	$0	$209,050	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travel	DURING THE FISCAL YEAR CERTAIN TRIPS FOR FUNDRAISING PURPOSES MAY OCCUR WHERE THE CEO AND OTHER FOUNDATION AND WILLIAM & MARY OFFICIALS USE CHARTER AIR TRAVEL TO SAVE TIME OR IT IS COST EFFICIENT FOR THE GROUP OF INDIVIDUALS TRAVELLING. THE CEO IS AN OFFICER OF THE FOUNDATION. ANY CHARTER TRAVEL FOR THESE PURPOSES IS IN CONNECTION WITH HIS OFFICIAL DUTIES AS AN OFFICER OF THE FOUNDATION. IN ACCORDANCE WITH FOUNDATION POLICIES, THE USE OF CHARTER TRAVEL IS APPROVED IN ADVANCE BY THE TREASURER (OR OTHER RESPONSIBLE OFFICER) OF THE FOUNDATION IF DETERMINED TO BE A NECESSARY BUSINESS EXPENSE.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	THE CEO'S COMPENSATION INCLUDES MEMBERSHIP TO A LOCAL SOCIAL CLUB. THE BENEFIT IS TREATED AS TAXABLE INCOME TO THE CEO.
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). AS SUCH, THE FOUNDATION DOES NOT HAVE EMPLOYEES OF RECORD FOR PURPOSES OF FORM W-3 REPORTING. HOWEVER, THE UNIVERSITY AND THE FOUNDATION ARE NOT RELATED ENTITIES AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE SALARY AND BENEFIT COSTS FOR THE FOUNDATION'S EMPLOYEES FOR SERVICES PERFORMED EXCLUSIVELY FOR THE FOUNDATION. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE. THE FOUNDATION'S EXECUTIVE COMMITTEE COMPLETES AN ANNUAL EXECUTIVE PERFORMANCE REVIEW ASSESSMENT FOR THE CEO, WHICH IS SHARED WITH THE PRESIDENT OF THE UNIVERSITY. COMPENSATION FOR THE CHIEF INVESTMENT OFFICER IS DETERMINED IN PART BY THE BOARD OF MANAGERS OF THE 1693 MANAGEMENT CO LLC, A WHOLLY OWNED SUBSIDIARY OF THE FOUNDATION, WHICH CONSIDERED A SURVEY OF COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS.
Schedule J, Part I, Line 7 Non-fixed payments	BRIAN HIESTAND, CATHERINE MOUNTJOY RECEIVED BONUSES APPROVED BY THE BOARD OF MANAGERS OF 1693 MANAGEMENT CO LLC (THE INVESTMENT MANAGER OF 1693 PARTNERS FUND - A WHOLLY OWNED SUBSIDIARY OF W&M FOUNDATION). BONUSES ARE BASED ON RETURN OF THE FUND AND OTHER FACTORS. EACH INDIVIDUAL REPORTED ON SCHEDULE J RECEIVED A ONE-TIME BONUS OF $500-$1500 THAT WERE PROVIDED TO ALL UNIVERSITY EMPLOYEES DURING 2022. The Bonus & Incentive Compensation listed in Part II for the Chief Investment Officer and Chief Operating Officer includes amounts that were awarded in Calendar Year 2021 but paid to the employee in Calendar Year 2022.
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. THE UNIVERSITY IS REIMBURSED FOR THE COMPENSATION OF EMPLOYEES WHO PERFORM SERVICES EXCLUSIVELY FOR THE FOUNDATION. PER THE FORM 990 INSTRUCTIONS, THEIR COMPENSATION IS REPORTED AS COMPENSATION FROM THE FILING ORGANIZATION. ADDITIONAL INFORMATION REGARDING COMPENSATION, ETC. IS REPORTED IN SCHEDULE O.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	ECONOMIC DEVELOPMENT AUTHORITY OF JAMES CITY COUNTY VIRGINIA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Bond Issuer EIN	541139263	BondIssuerEIN
CUSIP	000000000	CUSIPNum
Bond Issued	2011-12-20	BondIssuedDt
Issue Price	$8,090,000	IssuePriceAmt
Purpose	REFUND PRIOR TAX-EXEMPT BOND ISSUED 12/31/2006	PurposeDesc
Defeased	false	DefeasedInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Pool Financing	false	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Retired	$2,000,000	RetiredAmt
Bond Defeased	$0	BondDefeasedAmt
Total Proceeds	$8,090,000	TotalProceedsAmt
In Reserve Fund	$0	InReserveFundAmt
Capitalized Interest	$0	CapitalizedInterestAmt
Refunding Escrow	$0	RefundingEscrowAmt
Issuance Costs From Proceeds	$0	IssuanceCostsFromProceedsAmt
Credit Enhancement	$0	CreditEnhancementAmt
Working Capital Expenditures	$0	WorkingCapitalExpendituresAmt
Capital Expenditures	$0	CapitalExpendituresAmt
Other Spent Proceeds	$8,090,000	OtherSpentProceedsAmt
Unspent	$0	UnspentAmt
Substantial Completion	2011	SubstantialCompletionYr
Refunding Tax Exempt Bonds	Yes (true)	RefundingTaxExemptBondsInd
Refunding Taxable Bonds	false	RefundingTaxableBondsInd
Final Allocation Made	Yes (true)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (true)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	false	OwningBondFinancedPropertyInd
Any Lease Arrangements	false	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	false	MgmtContractBondFincdPropInd
Any Research Agreements	false	AnyResearchAgreementsInd
Private Bus Use By Others	0.0	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.0	PrivateBusConcerningUBIPct
Total Private Business Use	0.0	TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test	false	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	false	ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd	Yes (true)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	false	Form8038TFiledInd
Rebate Not Due Yet	false	RebateNotDueYetInd
Exception To Rebate	Yes (true)	ExceptionToRebateInd
No Rebate Due	false	NoRebateDueInd
Variable Rate Issue	Yes (true)	VariableRateIssueInd
Hedge Identified In Bks And Rec	false	HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGICInd
Gross Proceeds Invested	false	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (true)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	Yes (true)	ProceduresCorrectiveActionInd

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	93	ContributionCnt
Noncash Contributions Rpt F990	$2,891,625	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule M, Part I Explanations of reporting method for number of contributions	FormAndLineReferenceDesc
Explanation	Securities - Publicly traded - COLUMN B REFERS TO THE NUMBER OF CONTRIBUTORS. PUBLISHED FAIR VALUE ON THE DATE OF THE CONTRIBUTION IS USED TO DETERMINE VALUE.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services	(Expenses $ 0 including grants of $ 0)(Revenue $ 750,655) RENT REVENUE FROM RENT OF BUILDINGS TO WILLIAM & MARY.
Form 990, Part VI, Line 1a Material differences in voting rights	THE GOVERNING DOCUMENTS OF THE FOUNDATION AUTHORIZE THE EXECUTIVE COMMITTEE TO EXERCISE THE FULL POWER AND AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE TRUSTEES EXCEPT TO THE EXTENT LIMITED BY THE ARTICLES OF INCORPORATION, THE BYLAWS AND THE LAWS OF THE COMMONWEALTH OF VIRGINIA. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRPERSON AND VICE CHAIRPERSONS OF THE BOARD, SECRETARY, TREASURER, CHAIRPERSON OF EACH COMMITTEE, THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD, AND AT LARGE TRUSTEES OF THE BOARD. ALL EXECUTIVE COMMITTEE MEMBERS ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES.
Form 990, Part VI, Line 6 Classes of members or stockholders	THE PRESIDENT OF WILLIAM & MARY (OR AN INDIVIDUAL DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY) AND THE INDIVIDUAL SERVING AS RECTOR OF THE BOARD OF VISITORS OF WILLIAM & MARY (THE "BOV") (OR AN INDIVIDUAL DESIGNATED BY THE RECTOR OF THE BOV TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE RECTOR OF THE BOV) SERVE AS EX-OFFICIO TRUSTEES, WITH FULL VOTING RIGHTS.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	THE PRESIDENT OF WILLIAM & MARY (OR AN INDIVIDUAL DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY) AND THE INDIVIDUAL SERVING AS RECTOR OF THE BOARD OF VISITORS OF WILLIAM & MARY (THE "BOV") (OR AN INDIVIDUAL DESIGNATED BY THE RECTOR OF THE BOV TO SERVE IN HIS OR HER STEAD AND FOR SUCH TERM AS DESIGNATED BY THE RECTOR OF THE BOV) SERVE AS EX-OFFICIO TRUSTEES, WITH FULL VOTING RIGHTS.
Form 990, Part VI, Line 11b Review of form 990 by governing body	THE FOUNDATION PROVIDED A COPY OF FORM 990 TO THE GOVERNING BODY BEFORE IT WAS FILED. PRIOR TO FILING FORM 990, THE FOUNDATION'S CEO, CFO, EXECUTIVE DIRECTOR, BOARD CHAIR AND AUDIT COMMITTEE CHAIR REVIEW A DRAFT OF THE FORM.
Form 990, Part VI, Line 12c Conflict of interest policy	ANNUAL DISCLOSURES ARE REVIEWED FOR POSSIBLE CONFLICTS, WHICH ARE ADDRESSED IN THE MANNER OUTLINED IN THE CONFLICT OF INTEREST POLICY. MATTERS RAISED EITHER PRIOR TO OR DURING A MEETING OF THE BOARD OR ANY COMMITTEE ARE ADDRESSED AT THAT TIME. THE POLICY COVERS BOARD MEMBERS AND KEY STAFF MEMBERS. VOTING BOARD MEMBERS ARE RESTRICTED FROM VOTING ON MATTERS IN WHICH THEY MAY HAVE A CONFLICT, AND ARE EXCUSED FROM MEETINGS WHEN A VOTE IS TAKEN. DETERMINATION OF WHETHER A CONFLICT EXISTS IS MADE AT THE COMMITTEE OR BOARD LEVEL, BASED ON AUTHORITY TO TAKE ACTION.
Form 990, Part VI, Line 19 Required documents available to the public	THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION AND ITS RELATED ENTITIES ARE MADE AVAILABLE UPON REQUEST AND ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE GENERALLY NOT AVAILABLE TO THE PUBLIC, WITH THE EXCEPTION OF THE ORGANIZATION'S ARTICLES OF INCORPORATION, WHICH ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	CHANGE IN VALUE OF SPLIT INTERESTS - -204970; CHANGE IN VALUE OF LIFE INSURANCE SURRENDER VALUE - 480700; CAPITALIZATION OF EXPENDITURE - 25000;
PART VI, SECTION B, LINE 15A AND 15B PROCESS FOR DETERMINING COMPENSATION	WILLIAM & MARY (THE UNIVERSITY) IS THE COMMON PAYMASTER FOR EMPLOYEES OF WILLIAM & MARY FOUNDATION (THE FOUNDATION). AS SUCH, THE FOUNDATION DOES NOT HAVE EMPLOYEES OF RECORD FOR PURPOSES OF FORM W-3 REPORTING. HOWEVER, THE UNIVERSITY AND THE FOUNDATION ARE NOT RELATED ENTITIES AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE SALARY AND BENEFIT COSTS FOR THE FOUNDATION'S EMPLOYEES FOR SERVICES PERFORMED EXCLUSIVELY FOR THE FOUNDATION. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE. THE FOUNDATION'S EXECUTIVE COMMITTEE COMPLETES AN ANNUAL EXECUTIVE PERFORMANCE REVIEW ASSESSMENT FOR THE CEO, WHICH IS SHARED WITH THE PRESIDENT OF THE UNIVERSITY. COMPENSATION FOR THE CHIEF INVESTMENT OFFICER IS DETERMINED IN PART BY THE BOARD OF MANAGERS OF THE 1693 MANAGEMENT CO LLC, A WHOLLY OWNED SUBSIDIARY OF THE FOUNDATION, WHICH CONSIDERED A SURVEY OF COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CWMF VENTURES LLC
5300 DISCOVERY PARK BOULEVARD	WILLIAMSBURG	VA	231882695	208014108	CONSTRUCT AND OWN A 3-STORY OFFICE BUILDING	VA	$769,897	$5,242,541	WILLIAM & MARY FOUNDATION
FOUNDATION SERVICES LLC
5300 Discovery Park Boulevard	WILLIAMSBURG	VA	231882695	352687031	SUPPORT THE WILLIAM & MARY FOUNDATION	VA	$0	$75,560	WILLIAM & MARY FOUNDATION
1693 MANAGEMENT COMPANY LLC
5300 Discovery Park Boulevard	WILLIAMSBURG	VA	231882695	843512679	MANAGEMENT OF 1693 PARTNERS FUND	VA	$2,591,456	$350,936	WILLIAM & MARY FOUNDATION
BROWN HALL LLC
5300 DISCOVERY PARK BOULEVARD	WILLIAMSBURG	VA	231882695		BROWN RESIDENCE HALL	VA	$1	$38,032	WILLIAM & MARY FOUNDATION

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd	Public Charity StatusPublicCharityStatusTxt
THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION
5300 DISCOVERY PARK BOULEVARD	WILLIAMSBURG	VA	231882695	541720019	HOLD TITLE TO REAL ESTATE PROPERTY AND COLLECT INCOME THEREFROM	VA	501(c)(2)	WILLIAM & MARY FOUNDATION	Yes (true)
MURRAY 1693 SCHOLARS FOUNDATION
PO BOX 8795	WILLIAMSBURG	VA	231878795	464365190	SUPPORT OF WILLIAM & MARY 1693 SCHOLARS PROGRAM	VA	501(c)(3)	WILLIAM & MARY FOUNDATION	Yes (true)	Type I
1693 PARTNERS FUND
5300 DISCOVERY PARK BOULEVARD	WILLIAMSBURG	VA	231882695	843505125	INVESTMENT OF ENDOWMENT	VA	501(c)(3)	WILLIAM & MARY FOUNDATION	Yes (true)	Type I

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	RELIANCE HOLDINGS LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	INVESTMENTS ADMINISTRATION	AddressLine1Txt
Address Line2	5300 DISCOVERY PARK BOULEVARD	AddressLine2Txt
City	WILLIAMSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	231882695	ZIPCd

Field	Value	IRS element (for citing)
EIN	541995402	EIN
Primary Activities	HOLD MEMBERSHIP INTEREST IN NEW TOWN ASSOCIATES LLC	PrimaryActivitiesTxt
Legal Domicile State	VA	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	THE COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C Corporation	EntityTypeTxt
Share Of Total Income	$5,891	ShareOfTotalIncomeAmt
Share Of EOY Assets	$909	ShareOfEOYAssetsAmt
Ownership	0.01	OwnershipPct
Controlled Organization	Yes (true)	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (true)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (true)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (true)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (true)	TransferToOtherOrgInd
Transfer From Other Org	Yes (true)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (6 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION
D	$632,859	ACTUAL AMOUNT
MURRAY 1693 SCHOLARS FOUNDATION
B	$101,888	ACTUAL AMOUNT
1693 PARTNERS FUND
Q	$2,591,456	ACTUAL AMOUNT
1693 PARTNERS FUND
R	$19,659,285	ACTUAL AMOUNT
1693 PARTNERS FUND
S	$31,517,221	ACTUAL AMOUNT
THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION
B	$61,852	ACTUAL AMOUNT