2016-05-09T13:48:23-05:00 2015-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-07-01 541224563 MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION COLLEGE OF WILLIAM AND MARY MARS 7572213800 PO BOX 8795 WILLIAMSBURG VA 23187 CRAIG D BELL CHAIRMAN OF AUDIT/FINANCE COMMITTEE 7572213800 2016-05-04 1 JANICE A RATICA P00358837 7043771678 2014 2016-08-17 19:52:53Z CRAIG D BELL PO BOX 8795 WILLIAMSBURG VA 23187 6326880 0 X N/A X 1984 VA SUPPORT THE MARSHALL-WYTHE SCHOOL OF LAW 24 24 0 24 5669 0 4909779 3997428 749619 599066 1293612 1548552 105529 181834 7058539 6326880 1241165 3331874 0 0 0 0 0 0 463798 2518814 3390835 3759979 6722709 3298560 -395829 46667747 46453242 668719 801565 45999028 45651677 X TO SUPPORT THE MARSHALL-WYTHE SCHOOL OF LAW AT THE COLLEGE OF WILLIAM & MARY. 0 0 711437 316112 ACADEMIC SUPPORT - KEY PROGRAMS LISTED BELOWCENTER FOR LEGAL AND COURTROOM TECHNOLOGY (CLCT): $130,906. 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: $58,928. 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): $54,404. 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: $49,792. 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: $2,088. 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 1074585 199456 INSTRUCTIONAL SUPPORT - KEY PROGRAMS ARE LISTED BELOW.FACULTY PDF'S: $23,239 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.SUMMER ABROAD: $169,262. THE LAW SCHOOL OFFERS STUDENTS A CHANCE TO STUDY IN SPAIN FOR A SUMMER, AND GET CLASS CREDIT WHILE STUDYING WITH SPANISH LAW PROFESSORS, AS WELL AS WITH ONE OF W&M LAW SCHOOL'S PROFESSORS. CLASSES IN EUROPEAN LAW, INTERNATIONAL LAW, HUMAN RIGHTS LAW, AS TAUGHT BY EUROPEANS OFFERS A DIFFERENT PERSPECTIVE FOR AMERICAN LAW STUDENTS. IN THE SUMMER OF 2013, THERE WERE 42 PARTICIPANTS IN THE PROGRAM, 8 OF WHOM WERE WILLIAM AND MARY LAW STUDENTS. THE OTHERS WERE FROM OTHER LAW SCHOOLS NATIONWIDE, WHO TOOK ADVANTAGE OF THE OPPORTUNITY AFFORDED BY THIS PROGRAM.VETERANS BENEFITS CLINIC: $203,041. 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. 3846532 2969518 PUBLIC SERVICE, SCHOLARSHIPS, FELLOWSHIPS AND STUDENT SERVICES EXPENSES. 362356 362356 BOND INTEREST PAYMENT MADE ON BEHALF OF THE COLLEGE OF WILLIAM AND MARY 362356 362356 5994910 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 0 0 0 0 0 1 31 0 0 1 1 1 UK 0 0 0 0 0 0 0 0 X 24 24 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 WILLIAM & MARY LAW SCHOOL 7572211489 COLLEGE OF WILLIAM MARY WILLIAMSBURG VA 23185 X BETSY C ANDERSON 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 RICK L BURDICK TRUSTEE 0.50 X 0 0 0 ELIZABETH B CARDER-THOMPSON TRUSTEE 0.50 X 0 0 0 GAREN E DODGE TRUSTEE 0.50 X 0 0 0 LAUREN A FERRARI 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 TERRY E HALL TRUSTEE 0.50 X 0 0 0 SARAH C HONENBERGER TRUSTEE 0.50 X 0 0 0 KINDRA L KIRKEBY TRUSTEE 0.50 X 0 0 0 JOYCE A KUHNS 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 JON M MAHAN TRUSTEE 0.50 X 0 0 0 CATHERINE M MARRIOTT TRUSTEE 0.50 X 0 0 0 J THOMAS MORINA TRUSTEE 0.50 X 0 0 0 JAMES DAVID PENNY TRUSTEE 0.50 X 0 0 0 CATHERINE J ROTOLO TRUSTEE 2.00 X 0 0 0 MARC A TAYLOR TRUSTEE 1.00 X 0 0 0 BARBARA L JOHNSON PRESIDENT 2.00 X X 0 0 0 STEPHEN JOHN HORVATH III VICE PRESIDENT 2.00 X X 0 0 0 DOUGLAS E BROWN SECRETARY/TREASURER 2.00 X X 0 0 0 SARAH F KELLAM ASST SECRETARY & TREASURER 1.00 X 0 0 0 JAMES S HELLER ASSISTANT TREASURER 1.00 X 0 0 0 LIZBETH A S JACKSON ASSISTANT TREASURER 1.00 X 0 0 0 JAMIE WELCH-DONAHUE ASSISTANT TREASURER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 3997428 1562649 3997428 STUDENT LAW PROGRAMS 611710 515568 515568 PHOTOCOPY INCOME 611710 83498 5669 77829 599066 369756 369756 21000 0 21000 21000 21000 1178796 0 1178796 1178796 1178796 MISCELLANEOUS REVENUE 611710 160834 160834 160834 6326880 536568 5669 1787215 362356 362356 2969518 2969518 157636 157636 25000 25000 2727 2727 8513 8513 INSTRUCTION & RESEARCH 1074584 1074584 ACADEMIC SUPPORT 711437 711437 LAW SCHOOL ADDITION 576145 576145 FUNDRAISING 463798 463798 370995 300870 70125 6722709 5994910 264001 463798 8041879 6529413 3195709 2746660 7061 26202 153249 102844 371861 88095 285408 283766 759093 766456 33775107 35524193 450241 473708 46667747 46453242 64486 208158 157107 144193 447126 449214 668719 801565 X 8720595 7089432 23874487 24571469 13403946 13990776 45999028 45651677 46667747 46453242 -395829 48478 0 X 0 1 X 1 0 X 3453134 2510605 2517045 4909779 3997428 17387991 3453134 2510605 2517045 4909779 3997428 17387991 2268095 15119896 650402 261320 298367 494240 390756 2095085 47276 67770 77366 105529 160834 458775 19941851 4072116 0.75820 0.81740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58711 X X X 0 34004873 1491608 1600530 1313150 35783861 30174029 555056 4511466 1235678 34004873 27505707 823755 3029587 1185020 30174029 26050282 2827480 -264334 1107721 27505707 22648668 1362438 3232875 1193699 26050282 0.10400 0.39100 0.50500 0 0 262916 262916 108945 88095 20850 283766 WILLIAM AND MARY INVESTMENT TRUST 35524193 F 35524193 DEFERRED COMPENSATION 449214 449214 X 6375358 48478 48478 6326880 0 6326880 6722709 0 6722709 0 6722709 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 ENDOWMENTS CONSISTS OF APPROXIMATELY NINETY - FIVE INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE FUNDS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: INCOME TAXES 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, 2015. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2012, REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. CENTRAL AMERICA, CARIBBEAN 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 7688333 EAST ASIA & THE PACIFIC 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 650812 EUROPE 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 983148 NORTH AMERICA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 110858 SOUTH ASIA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 78975 SUB-SAHARAN AFRICA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 255851 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTING BY WILLIAM & MARY INVESTMENT TRUST 81186 0 0 0 0 0 0 9849163 0 9849163 1 0 0 0 1 0 1 COLLEGE OF WILLIAM AND MARY PO BOX 8795 WILLIAMSBURG VA 23187 546001718 115 362356 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) 403 2969518 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 306 COST X 33 1560935 FAIR MARKET VALUE X 2 186 COST X PRINTERS 2 1222 COST 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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.