2020-05-19T14:42:31-05:00 2019-06-30 560574444 CHERRY BEKAERT LLP 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2018-07-01 541224563 MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION COLLEGE OF WILLIAM AND MARY MARS 7572213800 PO BOX 8795 WILLIAMSBURG VA 23187 TERRY E HALL SECRETARY - TREASURER 7572213800 2020-05-13 1 AMANDA ADAMS P00748038 8046735700 76.105.106.201 2020-05-13 14:52:05 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2018 2021-01-29 14:40:06Z CRAIG D BELL PO BOX 8795 WILLIAMSBURG VA 23187 8397933 0 X N/A X 1984 VA SUPPORT THE MARSHALL-WYTHE SCHOOL OF LAW 25 25 0 0 -87201 0 5570164 4747886 558996 800914 3815818 2843633 5500 5500 9950478 8397933 2857363 4743971 0 0 0 0 0 0 448235 4327324 2615330 7184687 7359301 2765791 1038632 58326881 61410843 501985 2529560 57824896 58881283 X TO SUPPORT THE MARSHALL-WYTHE SCHOOL OF LAW AT THE COLLEGE OF WILLIAM & MARY. 0 0 745436 405449 ACADEMIC SUPPORT - KEY PROGRAMS LISTED BELOWCENTER FOR LEGAL AND COURTROOM TECHNOLOGY (CLCT): $141,494. CLCT'S MISSION IS TO IMPROVE THE WORLD'S LEGAL SYSTEM THROUGH THE APPROPRIATE USE OF TECHNOLOGY. CLCT IS HEAVILY INVOLVED IN JUDICIAL AND LAWYER EDUCATION AND TRAINING (AV TECH CLASSES AND COURTROOM AFFILIATES PROGRAMS), PROVIDES COURTROOM DESIGN AND NEEDS ASSESSMENTS (CONSULTING AND COURTROOM AFFILIATES PROGRAMS), DOES RESEARCH FOR DISABLED ACCESS TO COURTROOMS (ACCESSIBLE COURTS INITIATIVE). CLCT SERVES THE LAW SCHOOL BY ASSIMILATING LAW STUDENTS INTO THE RESEARCH FUNCTION OF THE COURTROOM, BY TEACHING COURSES, AND BY SUPPORTING THE LEGAL SKILLS PROGRAM WITH TECHNOLOGICAL SUPPORT OF MOCK TRIALS REQUIRED AS A PART OF THE COURSEWORK.WILLIAM & MARY TAX CONFERENCE: $47,966. PROVIDES CONTINUING EDUCATION CREDITS FOR ALUMNI AND OTHER LEGAL AND ACCOUNTING PROFESSIONALS FOR THE VIRGINIA AND NC BARS, AND FOR VIRGINIA BOARD OF ACCOUNTANCY. COURSE TOPICS ARE CHOSEN ANNUALLY, TO PARALLEL CHANGES IN REPORTING REQUIREMENTS, LEGAL REQUIREMENTS, AND THOSE NECESSITATED BY THE ECONOMY. THIS PROGRAM IS ADMINISTERED AND FACILITATED BY PROFESSORS AND STAFF OF THE LAW SCHOOL.INSTITUTE OF BILL OF RIGHTS LAW (IBRL): $19,829. CENTER FOR STUDY OF CONSTITUTIONAL LAW. IBRL FOCUSES ON ENHANCING SCHOLARLY UNDERSTANDING OF THE BILL OF RIGHTS BY HOSTING RELATED PROGRAMS, LIKE THE SUPREME COURT PREVIEW. LAW STUDENTS AND PROFESSORS WORK TOGETHER TO RESEARCH CONSTITUTIONAL LEGAL ISSUES.USIP: $51,019. US INSTITUTE OF PEACE IS AN INDEPENDENT, NON-PARTISAN NATIONAL ORGANIZATION THAT PARTNERS WITH VARIOUS ORGANIZATIONS TO PROMOTE WORLD STABILITY, END CONFLICTS, AND PROFESSIONALIZE THE FIELD OF PEACE BUILDING. STUDENTS ARE ABLE TO OBTAIN EXTERNSHIPS AND RESEARCH OPPORTUNITIES AND TO PARTICIPATE IN VARIOUS PROGRAMS RELATED TO RULE OF LAW INITIATIVES IN MANY DIFFERENT COUNTRIES. OPERATING FUNDS AND OPTION BENEFITS: . THE FOUNDATION SUBSIDIZES INITIATIVES THAT LAW SCHOOL FUNDS CANNOT SUPPORT. ALSO, THE FOUNDATION FUNDS PARTIAL PAYROLLS FOR INDIVIDUALS WHOSE JOB DESCRIPTIONS INCLUDE ADMINISTRATIVE DUTIES RELATED TO FOUNDATION ACTIVITY, SUCH AS INVESTMENT RECONCILIATIONS, PAYING FOUNDATION INVOICES, FINANCIAL REPORTING, ETC. ROUGHLY 65% OF THE ABOVE EXPENSES ARE RELATED TO PAYROLL. 837530 116706 INSTRUCTIONAL SUPPORT - KEY PROGRAMS ARE LISTED BELOW.FACULTY PDF'S: $22,039. THE LAW SCHOOL SUPPORTS 35 FULL TIME PROFESSORS, INCLUDING THE DEAN & VICE DEAN. AS A PART OF THIS SUPPORT, WHEN FUNDING FROM THE COLLEGE IS INADEQUATE, THE LAW SCHOOL FOUNDATION PROVIDES SOME FUNDING FOR RESEARCH TRAVEL & MATERIALS, FOR TECHNOLOGICAL SUPPORT, FOR MEMBERSHIPS AND OTHER PROFESSIONAL DEVELOPMENT NEEDS AS DETERMINED BY THE DEAN AND THE VICE DEAN. THE LAW SCHOOL FOUNDATION ALSO PROVIDES SOME HOUSING AND TRAVEL FUNDING FOR VISITING PROFESSORS, AND SOME FUNDING FOR THE APPOINTMENTS PROCESS INCLUDING INTERVIEW EXPENSES AND MOVING AND RELOCATION EXPENSES, AS NEEDED.VETERANS BENEFITS CLINIC: $186,776. OFFERS STUDENTS OPPORTUNITY TO ASSIST VETERANS WITH FILING CLAIMS FOR DISABILITY COMPENSATION WITH THE DEPT OF VETERANS AFFAIRS. UNDER ATTORNEY SUPERVISION, THEY INTERVIEW CLIENTS, ANALYZE RECORDS, COMMUNICATE WITH SERVICE PROVIDERS AND CRAFT STRATEGIES THAT SERVE THE CLIENTS INTEREST. 3882701 3758085 257773 PUBLIC SERVICE, SCHOLARSHIPS, FELLOWSHIPS AND STUDENT SERVICES EXPENSES. 985886 985886 17686 BOND PAYMENTS PAID ON BEHALF OF WILLIAM AND MARY. 985886 985886 17686 6451553 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 14 0 1 0 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK AZ CA IL MD MA MI MN NH NJ NY OR SC UT VA X CONTROLLER OF THE MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION 7572211489 COLLEGE OF WILLIAM MARY WILLIAMSBURG VA 23185 X DOUGLAS E BROWN PRESIDENT 2.00 X X 0 0 0 JOYCE A KUHNS VICE PRESIDENT 2.00 X X 0 0 0 TERRY E HALL SECRETARY/TREASURER 2.00 X X 0 0 0 BETSY C ANDERSON TRUSTEE 0.50 X 0 0 0 CARLA N ARCHIE TRUSTEE 0.50 X 0 0 0 MARCIA E ASQUITH TRUSTEE 0.50 X 0 0 0 MICHAEL E BAUMANN TRUSTEE 0.50 X 0 0 0 CRAIG D BELL TRUSTEE 0.50 X 0 0 0 BETH SCHIPPER DESIMONE TRUSTEE 0.50 X 0 0 0 DEAN DAVISON M DOUGLAS EX-OFFICIO 0.50 X 0 0 0 PAUL R ECKERT TRUSTEE 0.50 X 0 0 0 LAUREN A FERRARI TRUSTEE 0.50 X 0 0 0 MARY ALLISON FRANCIS TRUSTEE 0.50 X 0 0 0 ALVARO GARCIA-TUNON TRUSTEE 0.50 X 0 0 0 DANIEL A GECKER TRUSTEE 0.50 X 0 0 0 STEPHEN JOHN HORVATH III TRUSTEE 0.50 X 0 0 0 KINDRA L KIRKEBY TRUSTEE 0.50 X 0 0 0 SCOTT G LINDVALL TRUSTEE 0.50 X 0 0 0 JEFFREY A LOWE TRUSTEE 0.50 X 0 0 0 CATHERINE M MARRIOTT TRUSTEE 0.50 X 0 0 0 VICTOR JAY MILLER TRUSTEE 0.50 X 0 0 0 J THOMAS MORINA TRUSTEE 0.50 X 0 0 0 ANITA OWINGS POSTON TRUSTEE 0.50 X 0 0 0 JIMMY F ROBINSON TRUSTEE 0.50 X 0 0 0 KEVIN O'NEILL TRUSTEE 0.50 X 0 0 0 LAURA BEACH ASST. SECRETARY & TREASURER 1.00 X 0 0 0 JAMIE WELCH DONAHUE ASSISTANT TREASURER 1.00 X 0 0 0 JAMES S HELLER ASSISTANT TREASURER 1.00 X 0 0 0 GEORGE PODOLIN ASSISTANT TREASURER 1.00 X 0 0 0 LAURA SHEPHERD ASSISTANT TREASURER 1.00 X 0 0 0 0 0 0 0 0 0 0 WILLIAM AND MARY TRUST 5300 DISCOVERY PARK BOULEVARD 3RD WILLIAMSBURG VA 23188 INVESTMENT MANAGEMENT 255844 1 4747886 378578 4747886 STUDENT LAW PROGRAMS 611710 452747 452747 CLINICS 611710 145965 145965 PHOTOCOPY INCOME 611710 72708 69408 3300 129494 129494 800914 689078 -90501 779579 5500 0 5500 5500 5500 2154555 0 2154555 2154555 2154555 8397933 797614 -87201 2939634 985886 985886 3758085 3758085 33800 33800 255844 255844 1374 1374 INSTRUCTION & RESEARCH 837531 837531 ACADEMIC SUPPORT 745437 745437 ALUMNI DEVELOPMENT 315078 315078 PUBLIC SERVICE 88677 88677 337589 35937 168495 133157 7359301 6451553 459513 448235 9944832 5519486 2481852 2964944 7553 2163 347638 83921 265091 263717 5022055 45074473 47074392 553080 564086 58326881 61410843 92995 2097563 127390 212002 281600 219995 501985 2529560 X 10646681 10228822 30368884 30878433 16809331 17774028 57824896 58881283 58326881 61410843 1038632 17755 0 X 0 1 X 1 0 X 3997428 4472845 10981648 5570164 4747886 29769971 3997428 4472845 10981648 5570164 4747886 29769971 8327031 21442940 390756 382708 550445 686206 694578 2704693 160834 113736 110638 385208 32859872 2924371 0.65260 0.67000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62211 X X X 0 45810396 1387221 2615254 1944812 47868059 39173098 1685305 3702758 1796297 45810396 34567413 1915453 4298003 1607771 39173098 35783861 894105 -666495 1444058 34567413 34004873 1491608 1600530 1313150 35783861 0.14990 0.37130 0.47880 0 0 262916 262916 84722 83921 801 263717 WILLIAM AND MARY INVESTMENT TRUST 47074392 F 47074392 DEFERRED COMPENSATION 219995 219995 X 8159844 17755 17755 8142089 255844 255844 8397933 7103457 0 7103457 255844 255844 7359301 PART III, LINE 4: THE ORGANIZATION'S COLLECTION CONSISTS OF ARTWORK AND RARE BOOKS WHICH ARE ON DISPLAY IN THE LAW SCHOOL LIBRARY FOR THE BENEFIT OF THE LAW STUDENTS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF APPROXIMATELY NINETY-FIVE INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SUPPORT FOR SCHOLARSHIPS AND FELLOWSHIPS, INSTRUCTION AND RESEARCH, AND PUBLIC SERVICE ACTIVITIES. THE FUNDS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2019. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2019. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2019. CENTRAL AMERICA, CARIBBEAN 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 6342048 EAST ASIA & THE PACIFIC 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 432624 EUROPE 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 3063792 NORTH AMERICA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 193243 SOUTH ASIA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 16847 SUB-SAHARAN AFRICA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 16647 MIDDLE EAST & NORTH AFRICA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 34860 EAST ASIA & THE PACIFIC 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 3394 CENTRAL AMERICA, CARIBBEAN 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 128539 EUROPE 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 8771 SUB-SAHARAN AFRICA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 1669 0 0 0 0 0 0 10103455 138979 10242434 1 0 1 1 1 0 PART I, LINE 3: AMOUNTS REPORTED IN PART I ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. PART I, LINE 3, INVESTMENTS VS. EXPENDITURES THE FIRST 7 ENTRIES ON PART I, LINE 3 REPRESENT THE FAIR MARKET VALUE OF THE FOUNDATION'S INVESTMENTS IN THE REGION AS OF THE END OF THE FISCAL YEAR. THE LAST 4 ENTRIES REPRESENT THE EXPENSES ASSOCIATED WITH INVESTMENTS IN THE REGION FOR THE FISCAL YEAR BEING REPORTED ON. 1 COLLEGE OF WILLIAM AND MARY PO BOX 8795 WILLIAMSBURG VA 23187 546001718 170(C)(1) 985886 FMV BOND PAYMENTS BOND PAYMENTS ARE MADE IN SUPPORT OF CONSTRUCTION AND RENOVATIONS TO THE LAW SCHOOL LIBRARY. 1 0 FUNDING OF SCHOLARSHIPS TO RECIPIENTS (DISBURSED BY THE COLLEGE TO THE STUDENTS/FACULTY) 339 3758085 PART I, LINE 2: SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED BY THE LAW SCHOOL'S ADMISSIONS OFFICE BASED ON THE AWARD CRITERIA AND FUNDS ARE DISBURSED TO THE STUDENT ACCOUNTS BY THE COLLEGE'S FINANCIAL AID OFFICE. THE COLLEGE, INCLUDING THE FINANCIAL AID OFFICE, IS AUDITED ANNUALLY BY THE AUDITOR OF PUBLIC ACCOUNTS OF THE COMMONWEALTH OF VIRGINIA. IT SHOULD BE NOTED THAT SCHOLARSHIPS AND FELLOWSHIPS PAID BY THE FOUNDATION VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF AVAILABLE FUNDS WITHIN THE LAW SCHOOL. THE LOWER THE LEVEL OF LAW SCHOOL (STATE) FUNDING, THE HIGHER LEVEL OF FOUNDATION FUNDING. X 26 356914 FAIR MARKET VALUE X OTHER MISCELLANEOUS 19 21664 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES IS PROVIDED A PDF COPY OF THE 990. THE CHAIR OF THE AUDIT & FINANCE COMMITTEE REVIEWS AND APPROVES THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO MEMBERS & SIGNED ANNUALLY. DURING BOARD MEETINGS, THOSE WITH CONFLICTS (IF ANY) ARE ASKED TO ABSTAIN FROM DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE AT THE FOUNDATION'S OFFICE. LSH LLC 4801 COURTHOUSE STREET STE 300 WILLIAMSBURG VA 23188 202613005 REAL ESTATE VA 0 262916 MARSHALL WYTHE SCHOOL OF LAW FOUNDATION