2025-05-12T15:11:19+00:00 2024-06-30 440160260 Forvis Mazars LLP 120 E Palmetto Park Road Suite 403 Boca Raton FL 33432 990 2023-07-01 208608553 William & Mary Real Estate Foundation WILL 7572217805 PO Box 8795 Williamsburg VA 23187 SETH LOGAN HALL EXECUTIVE DIRECTOR 7572217805 2025-05-12 true true April Arnold P01559426 5612991820 2025-05-12 2023 2025-03-06 01:10:19Z SETH LOGAN HALL PO Box 8795 Williamsburg VA 23187 4180354 false X N/A X 2007 VA THE MISSION OF WILLIAM AND MARY REAL ESTATE FOUNDATION IS TO ACQUIRE, HOLD, MANAGE, SELL, LEASE, AND PARTICIPATE IN THE DEVELOPMENT OF REAL PROPERTIES IN SUPPORT OF THE EDUCATIONAL GOALS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA. 11 9 1 0 0 0 50609 337506 3202912 3734975 37343 107873 0 0 3290864 4180354 73805 243921 0 0 254837 165981 0 0 0 2409850 3117360 2738492 3527262 552372 653092 36327837 37748825 20387809 21155705 15940028 16593120 THE MISSION OF WILLIAM AND MARY REAL ESTATE FOUNDATION IS TO ACQUIRE, HOLD, MANAGE, SELL, LEASE, AND PARTICIPATE IN THE DEVELOPMENT OF REAL PROPERTIES IN SUPPORT OF THE EDUCATIONAL GOALS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA. false false 3363727 243921 3734975 MANAGEMENT OF REAL ESTATE ACTIVITIES FOR THE BENEFIT OF THE COLLEGE OF WILLIAM AND MARY'S PROGRAMS AND ACTIVITIES. 3363727 true true false false false false false false false true false false false true false true true false false false false false false false false false true false true true false false false false false false false false false false true false false false true true false false false true X 0 0 1 true false false false false false false false false false false false false X 11 9 false false false false false true false true true false false true true true true true true true false false VA X Seth Logan Hall 7572217805 PO Box 8795 WIlliamsburg VA 23187 ANITA O POSTON Esq SECRETARY 0.3 0.0 X X 0 0 0 SEAN C HUGHES TREASURER 0.3 0.0 X X 0 231544 44919 WILL PAYNE CHAIR 0.3 1.0 X X 0 0 0 ANDREW HORROCKS BOARD MEMBER 0.1 1.0 X 0 0 0 D SCOTT FOSTER Esq VICE CHAIR 0.1 0.0 X 0 0 0 EDDIE WAITZER BOARD MEMBER 0.1 0.0 X 0 0 0 JODY FORSYTH BOARD MEMBER 0.1 0.0 X 0 0 0 KATHERINE A ROWE BOARD MEMBER 0.1 1.0 X 0 1082992 59943 STEPHAN H GORDON BOARD MEMBER 0.1 0.0 X 0 0 0 SUSAN F DEWEY BOARD MEMBER 0.1 0.0 X 0 0 0 WILLIAM J KINIRY BOARD MEMBER 0.1 0.0 X 0 0 0 SETH LOGAN HALL EXECUTIVE DIRECTOR 40.0 0.0 X 58509 0 4919 58509 1314536 109781 0 false true false 0 72506 265000 265000 337506 Rental Income 532000 3541542 3541542 Management Fee Income 541610 193433 193433 0 0 0 0 3734975 107873 107873 0 0 0 0 0 0 0 0 0 4180354 3734975 0 107873 243921 243921 155149 124119 31030 10832 8666 2166 66666 66666 12315 12315 67643 67643 2349 2349 0 0 216117 216117 284139 284139 16161 12121 4040 835085 835085 712883 712883 127132 127132 Repairs & Maintenance 603083 603083 Real Estate Taxes 59684 59684 Miscellaneous 56176 39323 16853 Bad Debt Expense 41803 41803 16124 16124 0 0 3527262 3363727 163535 0 1282730 1054694 4069907 4298259 974261 2178652 0 0 38303 78802 34759383 5404878 29468175 29354505 0 0 494461 783913 36327837 37748825 202801 336773 118679 263705 3224924 3034303 0 16412965 16592917 428440 928007 20387809 21155705 X 15940028 16593120 15940028 16593120 36327837 37748825 653092 0 X false true X true false X X 2 THE COLLEGE OF WILLIAM & MARY 546001718 6 true 0 0 THE COLLEGE OF WILLIAM & MARY FOUNDATION 540734117 5 true 243921 0 2 243921 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6870245 6870245 27436942 5121443 22315499 452196 283435 168761 29354505 Due to William & Mary 928007 928007 4180354 0 0 4180354 0 0 4180354 3527262 0 0 3527262 0 0 3527262 Schedule D, Part X, Line 2 FIN 48 (ASC 740) FOOTNOTE THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. TRIBE SQUARE, LLC, WMREF VENTURES I, LLC, RICHMOND HALL, LLC, JAMESTOWN 406408, LLC, LIGHTFOOT ROAD, LLC, NORTH HENRY STREET, LLC, AND 327 RICHMOND, LLC ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND ARE INCLUDED IN THE FOUNDATION FILINGS. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2019 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. true THE WILLIAM AND MARY FOUNDATION 5300 DISCOVERY PARK BLVD WILLIAMSBURG VA 23188 540734117 501(C)(3) 243921 TO SUPPORT THE MISSION OF THE COLLEGE OF WILLIAM & MARY FOUNDATION 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE GRANTS TO THE FOUNDATION ARE MONITORED THROUGH THE SUPPORTED ORGANIZATION RELATIONSHIP AND OVERLAP IN BOARD MEMBERS. X false false false false false false false false false SEAN C HUGHES TREASURER 0 231544 0 0 0 0 0 17331 0 27588 0 276463 0 0 KATHERINE A ROWE BOARD MEMBER 0 1082992 0 0 0 0 0 28530 0 31413 0 1142935 0 0 Schedule J, Part II & PART VII, SECTION A, LINE 5 THE COMPENSATION OF DR. KATHERINE A. ROWE AND SEAN C. HUGHES ARE PAID BY THE COLLEGE OF WILLIAM & MARY, A RELATED ORGANIZATION, FOR SERVICES PROVIDED TO THE COLLEGE. A ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF WILLIAMSBURG VA 546001680 000000000 2011-09-16 5000000 TO FINANCE THE STUDENT HOUSING PORTION OF TRIBE SQUARE. false false false A 1965698 5000000 173081 4826919 2011 false false true true A false false false false 0.0 false false false A false false true false false false false false false A false X 1 265000 Market value 1 false false true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions Real Estate Brokerage Schedule M, Part I Explanations of reporting method for number of contributions Real estate - Residential - NUMBER OF CONTRIBUTIONS Form 990, Part V, Line 2b EXECUTIVE DIRECTOR'S FORM W-2 FILED BY THE COLLEGE OF WILLIAM & MARY. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Board shall consist of eleven (11) individuals, including the ex officio Director. THE PRESIDENT OF THE COLLEGE OF WILLIAM & MARY (COLLEGE) SHALL BE AN EX OFFICIO DIRECTOR AND SHALL BE ENTITLED TO VOTE. ONE (1) VICE PRESIDENT OF THE COLLEGE SHALL BE APPOINTED AS A DIRECTOR OF THE FOUNDATION BY THE PRESIDENT OF THE COLLEGE, TWO (2) DIRECTORS SHALL BE APPOINTED BY THE BOARD OF VISITORS OF THE COLLEGE, AND TWO (2) DIRECTORS SHALL BE APPOINTED BY THE BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE OF THE COLLEGE OF WILLIAM & MARY FOUNDATION (THE "COLLEGE FOUNDATION"). AT THE INITIAL ANNUAL MEETING AND ALTERNATING MEETINGS THEREAFTER, THE BOARD SHALL ELECT FIVE (5) DIRECTORS (THE "PUBLIC DIRECTORS"), WHO SHALL NOT BE MEMBERS OF THE BOARD OF VISITORS OF THE COLLEGE, OFFICIALS OF THE COLLEGE OR MEMBERS OF THE BOARD OF TRUSTEES OF THE COLLEGE FOUNDATION. Form 990, Part VI, Line 11b Review of form 990 by governing body AN INDEPENDENT ACCOUNTING FIRM PREPARED AND REVIEWED THE FORM 990. THE EXECUTIVE DIRECTOR AND TREASURER REVIEW A DRAFT COPY OF THE 990. UPON THEIR APPROVAL, THE DRAFT IS SENT TO THE AUDIT COMMITTEE FOR APPROVAL FOR ISSUANCE. A COPY OF THE FINAL 990 IS PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy MANAGEMENT CONDUCTS PERIODIC REVIEWS AND IF NEED BE, USES OUTSIDE ADVISORS FOR ASSISTANCE. PERIODIC REVIEWS INCLUDE, BUT ARE NOT LIMITED TO ASSURING THAT TRANSACTIONS AND CONTRACT AGREEMENTS ENTERED INTO BY THE FOUNDATION CONFORM WITH WRITTEN POLICIES AND ARE PROPERLY RECORDED. . IF A CONFLICT DOES EXIST, THE BOARD MEMBER IS REMOVED FROM THE DISCUSSION AND/OR VOTE ON THE TRANSACTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE HUMAN RESOURCES DEPARTMENT OF THE COLLEGE OF WILLIAM & MARY, A RELATED ORGANIZATION, AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS. THE COLLEGE USES COMPARABLE COMPENSATION DATA FROM OTHER NON-PROFIT ORGANIZATIONS OF EQUAL SIZE, BOTH LOCALLY AND WITHIN THE STATE, WHEN MAKING ITS DETERMINATION. DOCUMENTATION OF EXECUTIVE DIRECTOR COMPENSATION IS MAINTAINED WITHIN THE HUMAN RESOURCES DEPARTMENT OF THE COLLEGE OF WILLIAM & MARY AND WAS LAST FORMALLY REVIEWED BY THE BOARD OF DIRCTORS IN 2024. Form 990, Part VI, Line 19 Required documents available to the public MANAGEMENT ENTERTAINS REQUESTS TO VIEW THEIR CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO INTERESTED PARTIES. Form 990, Part XII, Line 2c OVERSIGHT OF ANNUAL AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT IS THE RESPONSIBILITY OF THE AUDIT COMMITTEE. TRIBE SQUARE LLC PO BOX 8795 WILLIAMSBURG VA 23187 208608553 OWNING AND MANAGING REAL ESTATE VA 727093 8134315 WILLIAM & MARY REAL ESTATE FOUNDATION WMREF VENTURES I LLC PO BOX 8795 WILLIAMSBURG VA 23187 352526867 OWNING AND MANAGING REAL ESTATE VA 502076 3986187 WILLIAM & MARY REAL ESTATE FOUNDATION RICHMOND HALL LLC PO BOX 8795 WILLIAMSBURG VA 23187 384031169 OWNING AND MANAGING STUDENT HOUSING VA 1472449 9936919 WILLIAM & MARY REAL ESTATE FOUNDATION JAMESTOWN 406408 LLC PO BOX 8795 WILLIAMSBURG VA 23187 208608553 OWNING AND DEVELOPING REAL ESTATE VA 0 2162022 WILLIAM & MARY REAL ESTATE FOUNDATION LIGHTFOOT ROAD LLC PO BOX 8795 WILLIAMSBURG VA 23187 208608553 OWNING AND DEVELOPING REAL ESTATE FOR STORAGE NEEDS VA 0 722616 WILLIAM & MARY REAL ESTATE FOUNDATION NORTH HENRY STREET LLC PO BOX 8795 WILLIAMSBURG VA 23187 208608553 OWNING AND MANAGING REAL ESTATE VA 647796 4796342 WILLIAM & MARY REAL ESTATE FOUNDATION 327 RICHMOND LLC PO BOX 8795 WILLIAMSBURG VA 23187 208608553 OWNING AND MANAGING REAL ESTATE VA 0 2297028 WILLIAM & MARY REAL ESTATE FOUNDATION THE COLLEGE OF WILLIAM AND MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 HIGHER EDUCATION VA 501(c)(3) 6 NA false THE COLLEGE OF WILLIAM & MARY FOUNDATION PO BOX 8795 WILLIAMSBURG VA 231878795 540734117 DEVELOPMENT AND SUPPORT SERVICES VA 501(c)(3) 5 NA false false true true true true false false false false true true false false false true false false false false