2017-11-06T14:38:28-06:00 2017-06-30 560747981 DIXON HUGHES GOODMAN LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2016-07-01 208608553 WILLIAM & MARY REAL ESTATE FOUNDATION WILL 7572217805 PO BOX 8795 WILLIAMSBURG VA 23187 NANCY BUCHANAN EXECUTIVE DIRECTOR 7572217805 2017-11-01 1 ANGELA CAIN P01244249 8042827636 204.15.98.225 2017-11-01 13:49:16 ED P F8B927357E7913B66EBF1C947647B0046C4F0B8D 28C3E5B03F554157BDF402385139CDCD91EB4EBC 2016 2017-02-10 21:41:12Z NANCY BUCHANAN PO BOX 8795 WILLIAMSBURG VA 23187 1673696 0 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. 9 7 0 0 0 0 713750 231000 1178716 1077827 -35869 -16390 0 16509 1856597 1308946 418477 335717 0 0 170056 171763 0 0 0 1097395 990052 1685928 1497532 170669 -188586 18266434 21997724 7937707 11905583 10328727 10092141 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. 0 0 1398958 335717 1050942 MANAGEMENT OF REAL ESTATE ACTIVITIES FOR THE BENEFIT THE COLLEGE OF WILLIAM AND MARY'S PROGRAMS AND ACTIVITIES 1398958 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 1 1 0 0 0 X 9 7 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X WARREN WHITNEY & SHERWOOD 8042829566 203 HIGHLAND I 7231 FOREST AVENUE RICHMOND VA 23226 JOHN W GERDELMAN CHAIR 0.30 X X 0 0 0 HOWARD J BUSBEE VICE CHAIR 0.30 X X 0 0 0 SAMUEL E JONES TREASURER 0.30 40.00 X X 0 313762 19961 ANITA POSTON SECRETARY 0.30 X X 0 0 0 HENRY C WOLF BOARD MEMBER 0.10 X 0 0 0 W TAYLOR REVELEY III BOARD MEMBER 0.10 40.00 X 0 925541 50785 MARK PATTERSON BOARD MEMBER 0.10 X 0 0 0 SUSAN DEWEY BOARD MEMBER 0.10 X 0 0 0 WILLIAM J KINIRY BOARD MEMBER 0.10 X 0 0 0 NANCY BUCHANAN EXECUTIVE DIRECTOR 40.00 X 120916 0 32503 120916 1239303 103249 1 0 1 0 0 231000 231000 231000 RENTAL INCOME 532000 1067686 1067686 MANAGEMENT FEE INCOME 532000 10141 10141 1077827 10495 10495 337865 364750 -26885 -26885 -26885 INSURANCE PROCEEDS 532000 16509 16509 16509 1308946 1050942 0 27004 335717 335717 157652 126122 31530 4549 3639 910 9562 7650 1912 31195 31195 20194 20194 34000 34000 6278 6278 80019 80019 1981 1486 495 282120 282120 306296 306296 29051 17251 11800 REPAIRS & MAINTENANCE 159816 159816 REAL ESTATE TAXES 28123 18385 9738 MISCELLANEOUS 6367 4456 1911 COMMUNICATION SERVICES 4612 4612 1497532 1398958 98574 0 356642 646541 4826682 2136800 249215 44426 10794 67368 20385482 1539041 12220421 18846441 205191 40409 397489 215739 18266434 21997724 46929 534193 5423 0 4376217 4229815 3387558 7131127 121580 10448 7937707 11905583 X 9931238 9876402 397489 215739 10328727 10092141 18266434 21997724 -188586 -48000 0 X X 0 1 X 1 0 X X 2 THE COLLEGE OF WILLIAM & MARY 546001718 6 1 0 0 THE COLLEGE OF WILLIAM & MARY FOUNDATION 540734117 5 1 335717 0 2 335717 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5009691 5009691 15195607 1396122 13799485 180184 142919 37265 18846441 TENANT SECURITY DEPOSITS 10448 10448 X 1260946 -48000 -48000 1308946 0 1308946 1497532 0 1497532 0 1497532 PART X, LINE 2: 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, AND RICHMOND HALL, LLC ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND ARE INCLUDED IN THE FOUNDATION FILINGS. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2014 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 1 WILLIAM AND MARY FOUNDATION 5300 DISCOVERY PARK BLVD WILLIAMSBURG VA 23188 540734117 501(C)(3) 335717 TO SUPPORT THE MISSION OF THE COLLEGE OF WILLIAM & MARY FOUNDATION 1 X 0 0 0 0 0 0 0 0 0 SAMUEL E JONES TREASURER 0 313762 0 0 0 0 0 480 0 19481 0 333723 0 0 W TAYLOR REVELEY III BOARD MEMBER 0 925541 0 0 0 0 0 27908 0 22877 0 976326 0 0 NANCY BUCHANAN EXECUTIVE DIRECTOR 120916 0 0 0 0 0 17383 0 15120 0 153419 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION IS APPROVED BY THE BOARD. SCHEDULE J, PART II THE COMPENSATION OF SAMUEL E. JONES AND TAYLOR W. REVELEY, III ARE PAID BY THE COLLEGE OF WILLIAM & MARY (COLLEGE) FOR SERVICES PROVIDED TO THE COLLEGE. NONE OF THE COMPENSATION IS ATTRIBUTED TO SERVICES PROVIDED TO WILLIAM & MARY REAL ESTATE FOUNDATION. THE COMPENSATION IS ONLY BEING REPORTED BECAUSE THE COLLEGE IS A RELATED PARTY OF WILLIAM & MARY REAL ESTATE FOUNDATION. A ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF WILLIAMSBURG VA 546001680 2011-09-16 5000000 TO FINANCE THE STUDENT HOUSING PORTION OF TRIBE SQUARE. 0 0 0 A 770185 5000000 173081 4826919 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 X 2 231000 APPRAISED VALUE 0 1 1 PART I, LINE 32B: A BROKER IS USED TO SELL REAL ESTATE THAT IS DONATED TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 PUBLIC DIRECTORS ARE NO LONGER LIMITED TO 2 CONSECUITVE TERMS OF 3 YEARS. FORM 990, PART VI, SECTION A, LINE 7A 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 THREE (3) 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, SECTION B, LINE 11B 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, SECTION B, LINE 12C MANAGEMENT CONDUCTS PERIODIC REVIEWS AND IF NEED BE, USE 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. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION IS APPROVED BY THE BOARD. THE ORGANIZATION HAS NO OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 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 628640 7862663 WILLIAM & MARY REAL ESTATE FOUNDATION WMREF VENTURES I LLC PO BOX 8795 WILLIAMSBURG VA 23187 352526867 OWNING AND MANAGING REAL ESTATE VA 405594 4146807 WILLIAM & MARY REAL ESTATE FOUNDATION RICHMOND HALL LLC PO BOX 8795 WILLIAMSBURG VA 23187 384031169 OWNING DEVELOPING FUTURE STUDENT HOUSING VA 0 4037422 WILLIAM & MARY REAL ESTATE FOUNDATION THE COLLEGE OF WILLIAM AND MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 HIGHER EDUCATION VA STATE GOVERNMENT LINE 6 N/A 0 THE COLLEGE OF WILLIAM & MARY FOUNDATION PO BOX 8795 WILLIAMSBURG VA 231878795 540734117 DEVELOPMENT AND SUPPORT SERVICES VA 501(C)(3) LINE 5 N/A 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1