2026-05-14T14:26:07+00:00 2025-06-30 440160260 Forvis Mazars LLP 120 E Palmetto Park Road Suite 403 Boca Raton FL 33432 990 2024-07-01 208608553 William & Mary Real Estate Foundation WILL 7572217805 PO Box 8795 Williamsburg VA 23187 SETH LOGAN HALL EXECUTIVE DIRECTOR 7572217805 2026-05-14 true true April Arnold P01559426 5612991820 2026-05-14 2024 2025-03-06 01:10:19Z X SETH LOGAN HALL PO Box 8795 Williamsburg VA 23187 3903272 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 (Continued on Schedule O) X 11 9 1 0 0 337506 56232 3734975 3773507 107873 73533 0 4180354 3903272 243921 0 0 165981 205453 0 0 3117360 3637044 3527262 3842497 653092 60775 37748825 0 21155705 0 16593120 0 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 3713114 0 3773507 MANAGEMENT OF REAL ESTATE ACTIVITIES FOR THE BENEFIT OF THE COLLEGE OF WILLIAM AND MARY'S PROGRAMS AND ACTIVITIES. 3713114 true true false false false false false false false false false false false false false false true true false false false false false false false false false false false true true false false false false false false false false false false false false true false true true false 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 false true true true true true true true false false false VA X Seth Logan Hall 7572217805 PO Box 8795 WIlliamsburg VA 23187 D SCOTT FOSTER Esq VICE CHAIR 0.1 0.0 X X 0 0 0 SEAN C HUGHES TREASURER 0.3 40.0 X X 0 252849 58627 SUSAN F DEWEY Secretary 0.3 0.0 X X 0 0 0 WILL PAYNE CHAIR 0.3 1.0 X X 0 0 0 ANDREW HORROCKS BOARD MEMBER 0.1 1.0 X 0 0 0 ANITA O POSTON Esq Board Member 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 949586 59340 STEPHAN H GORDON 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 160828 0 15415 160828 1202435 133382 1 false true false 0 56232 56232 Rental Income 532000 3408507 3408507 Management Fee Income 541610 365000 365000 0 0 0 0 3773507 73533 73533 0 0 0 0 0 0 0 0 0 3903272 3773507 0 73533 192699 154159 38540 12754 10203 2551 66013 66013 116605 116605 73415 73415 0 0 0 0 148510 148510 7800 7800 305830 305830 9441 7081 2360 842522 842522 759332 759332 154507 154507 Repairs & Maintenance 1036857 1036857 Real Estate Taxes 59514 59514 Miscellaneous 41722 29205 12517 Communication Services 14976 14976 0 0 0 0 3842497 3713114 129383 0 1054694 0 4298259 0 0 2178652 0 0 0 0 0 0 78802 0 0 0 29354505 0 0 0 0 0 783913 0 37748825 0 336773 0 0 263705 0 3034303 0 0 0 0 16592917 0 0 928007 0 21155705 0 X 16593120 0 0 0 0 0 16593120 0 37748825 0 X 60775 -16653895 X false true true false X X 2 THE COLLEGE OF WILLIAM & MARY 546001718 6 true 0 0 THE COLLEGE OF WILLIAM & MARY FOUNDATION 540734117 5 true 0 0 2 0 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 3903272 0 0 3903272 0 0 3903272 3842497 0 0 3842497 0 0 3842497 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, 2022 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. X false false false false false false false false false SEAN C HUGHES TREASURER 0 232328 0 20000 0 521 0 21022 0 37605 0 311476 0 0 KATHERINE A ROWE BOARD MEMBER 0 706713 0 134946 0 107927 0 29805 0 29535 0 1008926 0 0 SETH LOGAN HALL EXECUTIVE DIRECTOR 152900 0 7165 0 763 0 13518 0 1897 0 176243 0 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 2164019 5000000 173081 4826919 2011 false false true true A false false false false false false 0 0 0.0 false false 0 false false A false false true false false false 0 false false false 0 false false false A false CASH & TEMPORARY INVESTMENTS 2025-06-30 5800628 BOOK VALUE 392815141 WILLIAM MARY REAL ESTATE FDN LLC 5300 DISCOVERY PART BLVD FL 3 WILLIAMSBURG VA 23188 501(c)(3) ACCOUNTS RECEIVABLE 2025-06-30 1397351 BOOK VALUE 392815141 WILLIAM MARY REAL ESTATE FDN LLC 5300 DISCOVERY PART BLVD FL 3 WILLIAMSBURG VA 23188 501(C)(3) FIXED ASSETS 2025-06-30 32063080 BOOK VALUE 392815141 WILLIAM MARY REAL ESTATE FDN LLC 5300 DISCOVERY BLVD FL 3 WILLLIAMSBURG VA 23188 501(C)(3) OTHER ASSETS 2025-06-30 381830 BOOK VALUE 392815141 WILLIAM MARY REAL ESTATE FDN LLC 5300 DISCOVERY PART BLVD FL 3 WILLIAMSBURG VA 23188 501(C)(3) true true false false true true true true true false Schedule N, Part I, Line 6b EFFECTIVE JUNE 30, 2025, THE WILLIAM & MARY REAL ESTATE FOUNDATION (THE ORGANIZATION) CONVERTED FROM A SEPARATE, SECTION 501(C)(3) ORGANIZATION INTO A VIRGINIA LIMITED LIABILITY COMPANY WITH ITS NAME AS WILLIAM & MARY REAL ESTATE FOUNDATION, LLC (WMREF). THE SOLE MEMBER OF WMREF IS WILLIAM & MARY FOUNDATION (WMF), A SECTION 501(C)(3) ORGANIZATION. THE EXEMPT PURPOSE OF WMF IS TO SUPPORT WILLIAM & MARY AS WAS THE PURPOSE OF THE ORGANIZATION. ALL ASSETS OF THE ORGANIZATION WERE TRANSFERRED TO WMREF. AS A DISREGARDED ENTITY OF WMF, WMREF IS A SECTION 501(C)(3) ORGANIZATION AS INHERITED BY THE TAX DETERMINATION OF WMF. WMREF, AS A SECTION 501(C)(3) ORGANIZATION, OWNS THE PROPERTY ORIGINALLY FINANCED BY THE BOND PROCEEDS AND THE USE OF THE BOND FINANCED PROPERTY WILL NOT CHANGE DUE TO THE ENTITY CONVERSION. THE BOND IS THEREFORE STILL A QUALIFIED 501(C)(3) BOND UNDER SECTION 145. Schedule N, Part I, Line 2a Interested person is a director or trustee of successor org. EFFECTIVE JUNE 30, 2025, THE WILLIAM & MARY REAL ESTATE FOUNDATION (THE ORGANIZATION) CONVERTED FROM A SEPARATE, SECTION 501(C)(3) ORGANIZATION INTO A VIRGINIA LIMITED LIABILITY COMPANY WITH ITS NAME AS WILLIAM & MARY REAL ESTATE FOUNDATION, LLC (WMREF). THE SOLE MEMBER OF WMREF IS WILLIAM & MARY FOUNDATION (WMF), A SECTION 501(C)(3) ORGANIZATION. THE EXEMPT PURPOSE OF WMREF IS TO SUPPORT WILLIAM & MARY AS WAS THE PURPOSE OF THE ORGANIZATION. ALL ASSETS OF THE ORGANIZATION WERE TRANSFERRED TO WMREF. EACH DIRECTOR, OFFICER, TRUSTEE, AND KEY EMPLOYEE OF THE ORGANIZATION WILL CONTINUE TO OPERATE WMREF AS THEY DID THE ORGANIZATION. Schedule N, Part I, Line 2b Interested person is an employee or ind. contractor of successor org. EFFECTIVE JUNE 30, 2025, THE WILLIAM & MARY REAL ESTATE FOUNDATION (THE ORGANIZATION) CONVERTED FROM A SEPARATE, SECTION 501(C)(3) ORGANIZATION INTO A VIRGINIA LIMITED LIABILITY COMPANY WITH ITS NAME AS WILLIAM & MARY REAL ESTATE FOUNDATION, LLC (WMREF). THE SOLE MEMBER OF WMREF IS WILLIAM & MARY FOUNDATION (WMF), A SECTION 501(C)(3) ORGANIZATION. THE EXEMPT PURPOSE OF WMREF IS TO SUPPORT WILLIAM & MARY AS WAS THE PURPOSE OF THE ORGANIZATION. ALL ASSETS OF THE ORGANIZATION WERE TRANSFERRED TO WMREF. EACH DIRECTOR, OFFICER, TRUSTEE, AND KEY EMPLOYEE OF THE ORGANIZATION WILL CONTINUE TO OPERATE WMREF AS THEY DID THE ORGANIZATION. Form 990, Part I, Line 1 IN SUPPORT OF THE EDUCATIONAL GOALS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA. 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 DIRECTORS IN 2025. 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 XI, Line 9 Other changes in net assets or fund balances NET ASSETS TRANSFERRED UPON CONVERSION - -16653895; Total - -16653895; 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 753231 8703324 WILLIAM & MARY REAL ESTATE FOUNDATION WMREF VENTURES I LLC PO BOX 8795 WILLIAMSBURG VA 23187 352526867 OWNING AND MANAGING REAL ESTATE VA 510085 3479627 WILLIAM & MARY REAL ESTATE FOUNDATION RICHMOND HALL LLC PO BOX 8795 WILLIAMSBURG VA 23187 384031169 OWNING AND MANAGING STUDENT HOUSING VA 1506626 9567305 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 373556 4558068 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