2026-05-04T07:50:05-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2024-07-01 540169627 UNIVERSITY OF MARY WASHINGTON FOUNDATION UNIV 5406542053 1119 HANOVER STREET FREDERICKSBURG VA 22401 CATHERINE TURCOTTE EXECUTIVE DIRECTOR 5406542053 2026-05-01 1 1 BREE-ANN WEIDNER P01319397 8046735700 2024 2025-03-06 01:10:19Z X CATHERINE TURCOTTE 1119 HANOVER STREET FREDERICKSBURG VA 22401 25870447 0 X WWW.UMWF1908.ORG X 1975 VA TO RECEIVE, HOLD, AND ADMINISTER FUNDS AND PROPERTY OF ALL KINDS, FOR THE FURTHERANCE OF THE OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON. 23 23 0 23 -75922 0 6575861 12577981 825547 346311 22999111 8450919 -1496969 298432 28903550 21673643 4470460 4878466 0 0 1293736 931316 0 0 308434 2819891 1519875 8584087 7329657 20319463 14343986 133326315 144708038 12608904 5203931 120717411 139504107 TO RECEIVE, HOLD, INVEST, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY OF ALL KINDS, EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON. 0 0 5772146 4878466 346311 THE UMW FOUNDATION SERVES AS THE PRIVATE ASSET MANAGER FOR THE UNIVERISITY OF MARY WASHINGTON. THE FOUNDATION MANAGES ALL OF THE UNIVERSITY'S PRIVATELY DONATED CASH AND INVESTMENTS. 5772146 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 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 0 0 0 0 1 125 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X REBECCA ARMSTRONG 5406542053 1119 HANOVER STREET FREDERICKSBURG VA 22401 X ROBERT BARRY ESQ IMMEDIATE PAST CHAIR 0.10 0.00 X X 0 0 0 PATRICIA KEMP DIRECTOR 0.10 0.00 X 0 0 0 ANNE STEEN CHAIR 0.30 0.00 X X 0 0 0 JACOB LONG TREASURER 0.30 0.00 X X 0 0 0 LOUIS MARMO DIRECTOR 0.10 0.00 X 0 0 0 ABAS ADENAN DIRECTOR 0.10 0.00 X 0 0 0 DANIEL CLENDENIN DIRECTOR 0.10 0.00 X 0 0 0 JOHN BOWMAN DIRECTOR 0.10 0.00 X 0 0 0 MIKHAEL CHARNOFF DIRECTOR 0.10 0.00 X 0 0 0 JANEL DONOHUE DIRECTOR 0.10 0.00 X 0 0 0 JAMES LLEWELLYN DIRECTOR 0.10 0.00 X 0 0 0 XAVIER RICHARDSON DIRECTOR 0.10 0.00 X 0 0 0 KERWIN MILLER DIRECTOR 0.10 0.00 X 0 0 0 LESLIE TILGHMAN DIRECTOR 0.10 0.00 X 0 0 0 JUSTIN GERBEREUX DIRECTOR 0.10 0.00 X 0 0 0 DONNA GLADIS DIRECTOR 0.10 0.00 X 0 0 0 MICHAEL JOHNSON DIRECTOR 0.10 0.00 X 0 0 0 VICKY WILDER SECRETARY 0.30 0.00 X X 0 0 0 SARAH STRASSHEIM VICE-CHAIR 0.30 0.00 X X 0 0 0 WILLIAM MURRAY DIRECTOR 0.10 0.00 X 0 0 0 TROY PAINO DIRECTOR 0.10 0.00 X 0 0 0 KOURTNEY WHITEHEAD DIRECTOR 0.10 0.00 X 0 0 0 ROBERT WHITT DIRECTOR 0.10 0.00 X 0 0 0 CATHERINE TURCOTTE EXECUTIVE DIRECTOR 30.00 0.00 X 11796 0 0 SHANNON WILLIAMS CONTROLLER 50.00 0.00 X 121427 0 0 JEFFREY ROUNTREE FORMER CEO 50.00 0.00 X 348762 0 0 481985 0 0 2 1 1 0 AIMBRIDGE HOSPITALITY LLC 3501 HEADQUARTERS DRIVE PLANO TX 750246187 CONSULTING-HOTEL 361758 S H FAHRENHEIT ADVISORS LLC 271 17TH ST NW SUITE 2100 ATLANTA GA 30363 CONSULTING 182909 CHERRY BEKAERT LLP PO BOX 632239 CINCINNATI OH 452632239 AUDIT/TAX/CONSULTING 101319 3 12577981 792797 12577981 UNIVERSITY RENTAL INCOME 532000 346311 346311 346311 2177116 -75922 2253038 10470607 4196804 6273803 6273803 6273803 MISCELLANEOUS REVENUE 900099 298432 298432 298432 21673643 346311 -75922 8825273 4878466 4878466 29791 29791 698049 446598 251451 3242 3242 185474 20330 165144 14760 14760 99946 99946 164681 164681 342114 342114 63772 63772 50311 50311 12173 12173 188776 188776 90330 90330 183477 147646 35831 324295 78345 245950 7329657 5772146 1249077 308434 1002396 0 13768376 18475530 24786846 1779116 380521 36771 75000 0 97902 151091 19198101 1598748 17664683 17599353 55680557 81043730 19199549 25562899 670485 59548 133326315 144708038 618121 261375 1500421 1425357 8553214 1641833 1937148 1875366 12608904 5203931 X -4786255 -1643728 125503666 141147835 120717411 139504107 133326315 144708038 X 14343986 4543180 -100470 X X 0 1 X 1 0 X 5723783 8289492 41531624 6575861 12577981 74698741 1352746 967517 1253283 1510301 1956853 7040700 7076529 9257009 42784907 8086162 14534834 81739441 35189246 46550195 3289501 4143331 3090207 3135040 2253038 15911117 18858 24719 19390 33086 96053 90152 180733 186456 290433 298432 1046206 98792817 7919932 0.47120 0.41380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 20.00 0 0 0 0 89033173 30094484 11483446 2411554 128199549 77600450 4343716 9184502 2095495 89033173 60429775 14075610 5165322 2070257 77600450 69460911 2063233 -9337619 1756750 60429775 58837581 3046952 9166576 1590198 69460911 0.00000 1.00000 0.00000 0 0 15795059 427491 16222550 2779087 1448346 1330741 107540 84203 23337 88924 66199 22725 17599353 HEDGE FUNDS 764134 F PRIVATE EQUITY FUNDS 20071581 F REAL ASSET FUNDS 2908451 F OTHER SECURITIES 1818733 F 25562899 GIFT ANNUITY LIABILITY 378402 DUE TO UNIVERSITY OF MARY WASHINGTON 1496964 1875366 X 27731092 4543180 1956853 -100470 6399563 21331529 342114 342114 21673643 8944396 1956853 1956853 6987543 342114 342114 7329657 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF MULTIPLE FUNDS. THE ENDOWED FUNDS ARE ALL DONOR-RESTRICTED ENDOWMENTS CONSISTING OF STUDENT SCHOLARSHIPS AND AWARDS, FACULTY SUPPORT, AND OTHER SUPPORT OF THE ARTS AND PROGRAM OPERATIONS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE LLCS ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND ARE INCLUDED IN THE FOUNDATION FILINGS. THERE ARE CERTAIN ACTIVITIES CONDUCTED BY THE FOUNDATION THAT ARE CONSIDERED UNRELATED BUSINESS ACTIVITIES WHICH ARE NOT EXEMPT FROM FEDERAL AND STATE INCOME TAX. THE FOUNDATION FILES TIMELY FEDERAL AND STATE RETURNS FOR THESE ACTIVITIES AND MAKES THE NECESSARY TAX PAYMENTS, IF APPLICABLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -119,533. CHANGE IN CSV LIFE INSURANCE 19,063. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1241508 0 0 0 0 0 0 1241508 0 1241508 1 0 1 1 1 0 PART I, LINE 3: AMOUNT REPORTED IN PART I REPRESENTS THE FAIR MARKET VALUE OF INVESTMENTS HELD IN THE REGION AS OF THE END OF THE FOUNDATION'S FISCAL YEAR. 1 UNIVERSITY OF MARY WASHINGTON 1301 COLLEGE AVENUE FREDERICKSBURG VA 22401 546001757 170(B)(1)(A)(V) 4521393 0 STUDENT SCHOLARSHIPS, FACULTY AWARDS AND OTHER SUPPORT OF UNIVERSITY SERVICES UNIVERSITY OF MARY WASHINGTON ALUMNI ASSOCIATION 1119 HANOVER STREET FREDERICKSBURG VA 22401 540471667 501(C)(3) 135303 0 DONATION TO SUPPORT UNIVERSITY SERVICES AND PROGRAMS 2 0 PART I, LINE 2: UMW PROVIDES ADEQUATE DOCUMENTATION AND AUDIT TRAILS FOR SCHOLARSHIP PAYMENTS TO STUDENTS. THE UNIVERSITY DEPARTMENT OF FINANCIAL AID IS RESPONSIBLE FOR DETERMINING ELIGIBILITY OF STUDENTS UNDER TERMS OF ENDOWMENTS, AND FOR AWARDING FINANCIAL AID THROUGH THE DEPARTMENT OF STUDENT ACCOUNTS. THE FOUNDATION FIRST ADVANCES THE UNIVERSITY THE DESIGNATED AMOUNT OF FUNDS WHICH ALLOWS THE UNIVERSITY TO PAY OUT THE SCHOLARSHIPS. ALL DISBURSEMENTS ARE APPROVED BY THE CEO OF THE FOUNDATION. THE FOUNDATION PERIODICALLY COMPARES THE UMW SCHOLARSHIP SYSTEM REPORT WHICH SHOWS WHAT THE UNIVERSITY HAS PAID OUT TO THE FOUNDATION'S SCHOLARSHIPS AND AWARD PAYMENT HISTORY. DIFFERENCES ARE INVESTIGATED AND CORRECTED. OTHER ASSISTANCE TO THE UNIVERSITY IS APPROVED IN ADVANCE OF FUNDING TO THE UNIVERSITY OR PAID DIRECTLY BY THE FOUNDATION ON THE UNIVERSITY'S BEHALF. X X X X 1 1 0 0 0 0 0 0 0 JEFFREY ROUNTREE FORMER CEO 198914 0 0 0 149848 0 0 0 0 0 348762 0 0 0 PART I, LINES 4A-B THE CEO RECEIVED A $149,848 SEVERANCE PAYMENT. THE TERMS AND CONDITIONS WERE CONSISTENT WITH INDUSTRY STANDARDS. THE FOUNDATION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION 457(F) PLAN FOR THE CEO IN FYE 2017. DURING 6/30/2025, THE FOUNDATION DID NOT MAKE A CONTRIBUTION TO THE PLAN SINCE HE SEPARATED FROM THE ORGANIZATION. A INDUSTRIAL DEVELOPMENT AUTHORITY STAFFORD COUNTY 412119657 852412LR4 2007-08-08 2500000 1201 WILLIAM STREET PURCHASE A 0 0 0 A 1015000 2500000 148081 2351919 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: INDUSTRIAL DEVELOPMENT AUTHORITY, STAFFORD COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/08/2012 X 17 792797 BROKERAGE 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B OF SCHEDULE M FOR ALL DONATIONS REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR EACH RESPECTIVE CATEGORY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR, VICE-CHAIR, IMMEDIATE PAST CHAIR, OPERATIONS AND FINANCE COMMITTEE CHAIR, INVESTMENT COMMITTEE CHAIR, AND THE PRESIDENT OF THE UNIVERSITY, ALL OF WHOM ARE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ASSISTANT VICE PRESIDENT AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 WITH THE PREPARING CPA. FORM 990, PART VI, SECTION B, LINE 12C FORMS ARE TRACKED AS TO WHEN TURNED IN. DIRECTORS ARE REMINDED TO DO SO AT THE SUMMER MEETING EACH YEAR WITH FORMS AVAILABLE TO THEM TO COMPLETE AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE RESEARCHES VARIOUS SALARY STUDIES FOR COMPARABLE DATA IT USES IN ESTABLISHING THE CEO'S SALARY. THE CEO, IN COLLABORATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, RESEARCHES VARIOUS INDEPENDENT SALARY STUDIES FOR COMPARABLE DATA THE FOUNDATION THEN USES FOR ESTABLISHING THE SALARIES OF OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 UMW FOUNDATION HAS POSTED ON ITS WEBSITE (WWW.UMWF.ORG) AND THUS MADE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, KEY POLICIES, AND CONTACT INFORMATION TO REQUEST ADDITIONAL INFORMATION. FORM 990, PART VII, SECTION A: EFFECTIVE JUNE 25, 2025, ALL EMPLOYEES OF THE FOUNDATION TRANSITIONED TO THE UNIVERSITY OF MARY WASHINGTON PAYROLL SYSTEM. THE UNIVERSITY IS A SEPARATE ENTITY AND IS EXEMPT FROM INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. THE UNIVERSITY IS NOT A RELATED ORGANIZATION OF THE FOUNDATION FOR TAX REPORTING PURPOSES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -119,533. CHANGE IN CSV LIFE INSURANCE 19,063. ACADEMIC VILLAGE LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 472547586 REAL ESTATE HOLDING COMPANY VA 0 0 EAGLE PROPERTY HOLDINGS LLC EAGLE DEVELOPERS LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 364710338 CONSTRUCTION DEVELOPMENT VA 0 0 EAGLE PROPERTY HOLDINGS LLC EAGLE HOSPITALITY LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 453538218 SELECT SERVICE HOTEL VA 0 0 EAGLE PROPERTY HOLDINGS LLC EAGLE HOUSING LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 263699705 STUDENT HOUSING PROJECTS HOLDING COMPANY VA 0 0 UNIVERSITY OF MARY WASHINGTON FOUNDATION EAGLE LAND PROPERTIES LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 REAL ESTATE HOLDING COMPANY VA 0 0 EAGLE PROPERTY HOLDINGS LLC EAGLE PIZZA LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 271592906 RENTAL PROPERTY-RETAIL VA 0 0 EAGLE PROPERTY HOLDINGS LLC EAGLE PROPERTY HOLDINGS LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 300491606 REAL ESTATE HOLDING COMPANY VA 0 0 UNIVERSITY OF MARY WASHINGTON FOUNDATION EAGLE VILLAGE I LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 261479875 RENTAL PROPERTY-RETAIL VA 0 0 EAGLE PROPERTY HOLDINGS LLC EAGLE VILLAGE - ROGER DODGER LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 261729320 RENTAL PROPERTY-RETAIL VA 0 0 EAGLE PROPERTY HOLDINGS LLC SNOWDEN STREET LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 300491606 RENTAL PROPERTY-RETAIL VA 0 0 EAGLE PROPERTY HOLDINGS LLC TRANSITIONAL PROPERTIES LLC 1125 EMANCIPATION HIGHWAY STE 200 FREDERICKSBURG VA 22401 271592853 REAL ESTATE HOLDING COMPANY VA 0 0 EAGLE PROPERTY HOLDINGS LLC PART I THESE ENTITIES DISSOLVED ON THE FOLLOWING DATES: ACADEMIC VILLAGE, LLC - 11/04/2024 EAGLE DEVELOPERS, LLC - 11/04/2024 EAGLE HOSPITALITY, LLC - 11/04/2024 EAGLE HOUSING, LLC - 11/08/2024 EAGLE LAND PROPERTIES LLC - 12/19/2024 EAGLE PIZZA, LLC - 11/04/2024 EAGLE PROPERTY HOLDINGS, LLC - 07/09/2025 EAGLE VILLAGE I, LLC - 07/09/2025 EAGLE VILLAGE - ROGER DODGER, LLC - 04/24/2025 SNOWDEN STREET, LLC - 11/04/2024 TRANSITIONAL PROPERTIES, LLC - 11/04/2024