WASHINGTON & LEE UNIVERSITY: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: WASHINGTON & LEE UNIVERSITY (EIN 54-0505977)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-14
IRS object ID: 202631349349305818
Schema version: 2024v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-14T11:14:59+00:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	135565207	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KPMG LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	8350 Broad Street Suite 900	AddressLine1Txt
City	McLean	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22102	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	540505977	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Washington and Lee University	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WASH	BusinessNameControlTxt
Phone	5404588400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	204 W WASHINGTON STREET	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24450	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	IRMA J BAILEY	PersonNm
Person Title	ASSOCIATE TREASUER AND CONTROLLER	PersonTitleTxt
Phone	5404588400	PhoneNum
Signature	2026-05-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Amanda Coon	PreparerPersonNm
PTIN	P01754645	PTIN
Phone	7032868000	PhoneNum
Preparation	2026-05-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WILLIAM C DUDLEY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	204 W WASHINGTON STREET	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24450	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$880,360,749	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.WLU.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1749	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O	ActivityOrMissionDesc
Voting Members Governing Body	28	VotingMembersGoverningBodyCnt
Voting Members Independent	27	VotingMembersIndependentCnt
Total Employee	2936	TotalEmployeeCnt
Total Volunteers	1800	TotalVolunteersCnt
Total Gross UBI	$6,091,795	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$6,342,220	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$63,381,460	PYContributionsGrantsAmt
CY Contributions Grants	$197,025,397	CYContributionsGrantsAmt
PY Program Service Revenue	$169,776,574	PYProgramServiceRevenueAmt
CY Program Service Revenue	$175,775,436	CYProgramServiceRevenueAmt
PY Investment Income	$51,603,567	PYInvestmentIncomeAmt
CY Investment Income	$63,641,637	CYInvestmentIncomeAmt
PY Other Revenue	$21,701	PYOtherRevenueAmt
CY Other Revenue	$12,583	CYOtherRevenueAmt
PY Total Revenue	$284,783,302	PYTotalRevenueAmt
CY Total Revenue	$436,455,053	CYTotalRevenueAmt
PY Grants And Similar Paid	$73,433,850	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$78,618,810	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$129,821,364	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$137,264,853	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$319,579	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$191,275	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$8,287,471	CYTotalFundraisingExpenseAmt
PY Other Expenses	$93,421,667	PYOtherExpensesAmt
CY Other Expenses	$96,925,479	CYOtherExpensesAmt
PY Total Expenses	$296,996,460	PYTotalExpensesAmt
CY Total Expenses	$313,000,417	CYTotalExpensesAmt
PY Revenues Less Expenses	-$12,213,158	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$123,454,636	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,606,326,104	TotalAssetsBOYAmt
Total Assets EOY	$2,891,880,291	TotalAssetsEOYAmt
Total Liabilities BOY	$315,531,798	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$336,655,274	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,290,794,306	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$2,555,225,017	NetAssetsOrFundBalancesEOYAmt
Mission	SEE SCHEDULE O	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$313,000,417	ExpenseAmt
Grant	$78,618,810	GrantAmt
Revenue	$175,494,405	RevenueAmt
Desc	UNIVERSITY PROVIDING A LIBERAL ARTS EDUCATION - SEE SCHEDULE O	Desc
Total Program Service Expenses	$313,000,417	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	Yes (true)	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (true)	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (true)	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	false	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	3539	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	2936	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	Yes (true)	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	28	GoverningBodyVotingMembersCnt
Independent Voting Member	27	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Policies Reference Chapters	false	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (true)	WrittenPolicyOrProcedureInd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	IRMA J BAILEY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5404588400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	204 W WASHINGTON STREET	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24550	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
WILLIAM C DUDLEY
PRESIDENT AND TRUSTEE	40.0	Yes (X)	Yes (X)	$650,844	$0	$109,871
BRODIE G RIORDAN
TRUSTEE	4.0	Yes (X)		$0	$0	$0
CHARLES H PRIOLEAU
TRUSTEE	4.0	Yes (X)		$0	$0	$0
CHRISTOPHER C DYSON
TRUSTEE	4.0	Yes (X)		$0	$0	$0
CHRISTOPHER H WILLIAMS
TRUSTEE	4.0	Yes (X)		$0	$0	$0
CINDY D HAUSER
TRUSTEE	4.0	Yes (X)		$0	$0	$0
CLIFFORD K HOLEKAMP
TRUSTEE	4.0	Yes (X)		$0	$0	$0
COURTNEY C ENLOE
TRUSTEE	4.0	Yes (X)		$0	$0	$0
CYNTHIA T CHEATHAM
TRUSTEE	4.0	Yes (X)		$0	$0	$0
DAVID A LEHMAN
TRUSTEE	4.0	Yes (X)		$0	$0	$0
ELIZABETH B PAKENAS
TRUSTEE	4.0	Yes (X)		$0	$0	$0
GEORGE D JOHNSON III
TRUSTEE	4.0	Yes (X)		$0	$0	$0
HELEN H SANDERS
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JACKSON R SHARMAN III
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JAMES L BALDWIN
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JAMES R SMALL
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JASON W AIKEN
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JOELLE N PHILLIPS
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JOHN C HUFFARD JR
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JOHN P CASE III
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JOHN W ROBINSON III
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JONATHAN M WORTHAM
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JOSEPHINE S COVINGTON
TRUSTEE	4.0	Yes (X)		$0	$0	$0
L JAMES LAWSON III
TRUSTEE	4.0	Yes (X)		$0	$0	$0
LEE M HOLLIS
TRUSTEE	4.0	Yes (X)		$0	$0	$0
MICHAEL H SPENCER
TRUSTEE	4.0	Yes (X)		$0	$0	$0
NATHAN K URQUHART
TRUSTEE	4.0	Yes (X)		$0	$0	$0
SAMANTHA M MCLEMORE
TRUSTEE	4.0	Yes (X)		$0	$0	$0
SCOTT B BOYD
TRUSTEE	4.0	Yes (X)		$0	$0	$0
WANGDALI C BACDAYAN
RECTOR	6.0	Yes (X)		$0	$0	$0
WILLIAM G PAYNE
TRUSTEE	4.0	Yes (X)		$0	$0	$0
WILLIAM M TOLES
TRUSTEE	4.0	Yes (X)		$0	$0	$0
JESSICA WILLETT
SECRETARY	40.0		Yes (X)	$257,534	$0	$166,092
STEVEN G MCALLISTER
TREASURER	40.0		Yes (X)	$406,185	$0	$55,025
CHAWNE KIMBER
DEAN	40.0			$274,926	$0	$36,675	Yes (X)
LENA HILL
PROVOST	40.0			$358,770	$0	$66,871	Yes (X)
MELANIE WILSON
DEAN	40.0			$393,933	$0	$53,535	Yes (X)
ROBERT D STRAUGHAN
DEAN	40.0			$311,565	$0	$52,371	Yes (X)
SUSAN WOOD
VICE PRESIDENT	40.0			$296,419	$0	$48,072	Yes (X)
BRIAN MURCHISON
PROFESSOR	40.0			$316,836	$0	$51,400		Yes (X)
ELIZABETH OLIVER
PROFESSOR	40.0			$286,236	$0	$37,808		Yes (X)
MARIA FEELEY
CHIEF LEGAL OFFICER AND GENERAL COUNSEL	40.0			$311,495	$0	$54,558		Yes (X)
MARK DRUMBL
PROFESSOR	40.0			$303,124	$0	$31,002		Yes (X)
Scott Hoover
Professor	40.0			$283,708	$0	$50,528		Yes (X)
THOMAS JENNINGS
VICE PRESIDENT - Former	40.0			$474,693	$0	$32,868			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$4,926,268	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$846,676	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	281	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
KJELLSTROM & LEE INC
1607 Ownby Lane	Richmond	VA	23220	Construction Services	$33,774,639
MAKENA CAPITAL LP
2755 Sand Hill Road	Menlo Park	CA	94025	Investment Services	$7,502,863
FIELDTURF USA INC
175 North Industrial Blvd	Calhoun	GA	30701	Construction Services	$1,125,920
HUNTON ANDREWS KURTH LLP
951 East Byrd Street	Richmond	VA	232194074	Legal Services	$1,102,150
GOODY CLANCY & ASSOC INC
420 Boylston Street	Boston	MA	021163886	Construction Services	$1,006,183

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	79	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,951,051	GovernmentGrantsAmt
All Other Contributions	$195,074,346	AllOtherContributionsAmt
Noncash Contributions	$36,555,281	NoncashContributionsAmt
Total Contributions	$197,025,397	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES	611710	$142,326,311	$142,326,311
AUXILIARY SERVICES	611710	$33,449,125	$33,168,094	$281,031

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$175,775,436	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$639,874	TotalRevenueColumnAmt
Exclusion	$639,874	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,583	TotalRevenueColumnAmt
Exclusion	$12,583	ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$506,907,459	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$443,905,696	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$63,001,763	SecuritiesAmt
Other	$0	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$63,001,763	TotalRevenueColumnAmt
Unrelated Business Revenue	$5,810,764	UnrelatedBusinessRevenueAmt
Exclusion	$57,190,999	ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$436,455,053	TotalRevenueColumnAmt
Related Or Exempt Func Income	$175,494,405	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$6,091,795	UnrelatedBusinessRevenueAmt
Exclusion	$57,843,456	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,077,338	TotalAmt
Program Services	$1,077,338	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$65,297,792	TotalAmt
Program Services	$65,297,792	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$12,243,680	TotalAmt
Program Services	$12,243,680	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,658,370	TotalAmt
Program Services	$1,163,526	ProgramServicesAmt
Management And General	$2,072,476	ManagementAndGeneralAmt
Fundraising	$422,368	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$99,297,694	TotalAmt
Program Services	$66,952,740	ProgramServicesAmt
Management And General	$28,025,459	ManagementAndGeneralAmt
Fundraising	$4,319,495	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$8,195,501	TotalAmt
Program Services	$5,694,609	ProgramServicesAmt
Management And General	$2,116,419	ManagementAndGeneralAmt
Fundraising	$384,473	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$19,014,803	TotalAmt
Program Services	$12,658,550	ProgramServicesAmt
Management And General	$5,461,113	ManagementAndGeneralAmt
Fundraising	$895,140	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$7,098,485	TotalAmt
Program Services	$4,675,508	ProgramServicesAmt
Management And General	$2,087,841	ManagementAndGeneralAmt
Fundraising	$335,136	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,509,879	TotalAmt
Program Services	$1,047,174	ProgramServicesAmt
Management And General	$462,705	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$286,031	TotalAmt
Program Services	$198,376	ProgramServicesAmt
Management And General	$87,655	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$191,275	TotalAmt
Fundraising	$191,275	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$7,523,073	TotalAmt
Program Services	$5,217,613	ProgramServicesAmt
Management And General	$2,305,460	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$6,698,450	TotalAmt
Program Services	$3,336,610	ProgramServicesAmt
Management And General	$3,159,219	ManagementAndGeneralAmt
Fundraising	$202,621	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$231,593	TotalAmt
Program Services	$74,586	ProgramServicesAmt
Management And General	$153,117	ManagementAndGeneralAmt
Fundraising	$3,890	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,552,898	TotalAmt
Program Services	$2,092,545	ProgramServicesAmt
Management And General	$1,377,842	ManagementAndGeneralAmt
Fundraising	$82,511	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$4,001,370	TotalAmt
Program Services	$2,269,171	ProgramServicesAmt
Management And General	$1,523,166	ManagementAndGeneralAmt
Fundraising	$209,033	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$10,362,866	TotalAmt
Program Services	$4,307,780	ProgramServicesAmt
Management And General	$5,981,292	ManagementAndGeneralAmt
Fundraising	$73,794	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$6,367,480	TotalAmt
Program Services	$4,693,183	ProgramServicesAmt
Management And General	$1,297,686	ManagementAndGeneralAmt
Fundraising	$376,611	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$4,682,451	TotalAmt
Program Services	$2,510,564	ProgramServicesAmt
Management And General	$1,676,834	ManagementAndGeneralAmt
Fundraising	$495,053	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$7,180,785	TotalAmt
Program Services	$2,883,580	ProgramServicesAmt
Management And General	$4,297,205	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$22,141,157	TotalAmt
Program Services	$12,764,932	ProgramServicesAmt
Management And General	$9,376,225	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,664,053	TotalAmt
Program Services	$210,831	ProgramServicesAmt
Management And General	$1,453,222	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt
COST OF SALES FOR AUX.	$7,828,990	$7,828,990
OTHER	$7,891,550	$0	$7,885,201	$6,349
DUES AND SUBSCRIPTIONS	$3,553,486	$1,091,086	$2,429,798	$32,602
POSTAGE AND PRINTING	$1,449,367	$770,352	$421,895	$257,120

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$313,000,417	TotalAmt
Program Services	$222,107,582	ProgramServicesAmt
Management And General	$82,605,364	ManagementAndGeneralAmt
Fundraising	$8,287,471	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$6,665	BOYAmt
EOY	$0	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$5,361,571	BOYAmt
EOY	$0	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$67,209,563	BOYAmt
EOY	$191,057,734	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,838,054	BOYAmt
EOY	$4,272,454	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$204,356	BOYAmt
EOY	$190,614	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$50,666,999	BOYAmt
EOY	$51,172,320	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,199,477	BOYAmt
EOY	$1,192,456	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$5,489,851	BOYAmt
EOY	$6,617,069	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$727,967,303	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$344,864,715	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$355,248,572	BOYAmt
EOY	$383,102,588	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$253,745,568	BOYAmt
EOY	$280,181,740	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,804,830,452	BOYAmt
EOY	$1,898,516,267	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$4,528,730	BOYAmt
EOY	$9,093,931	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$51,996,246	BOYAmt
EOY	$66,483,118	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,606,326,104	BOYAmt
EOY	$2,891,880,291	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$14,552,342	BOYAmt
EOY	$18,338,505	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$836,858	BOYAmt
EOY	$1,148,066	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$163,492,705	BOYAmt
EOY	$156,767,372	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$64,346,779	BOYAmt
EOY	$64,111,405	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$72,303,114	BOYAmt
EOY	$96,289,926	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$315,531,798	BOYAmt
EOY	$336,655,274	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$400,450,361	BOYAmt
EOY	$403,884,899	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,890,343,945	BOYAmt
EOY	$2,151,340,118	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,290,794,306	BOYAmt
EOY	$2,555,225,017	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,606,326,104	BOYAmt
EOY	$2,891,880,291	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$123,454,636	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$140,976,075	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$37,949,672	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$42,496,973	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$64,715,034	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$63,381,460	CurrentTaxYearMinus1YearAmt
Current Tax Year	$197,025,397	CurrentTaxYearAmt
Total	$405,568,536	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$37,949,672	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$42,496,973	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$64,715,034	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$63,381,460	CurrentTaxYearMinus1YearAmt
Current Tax Year	$197,025,397	CurrentTaxYearAmt
Total	$405,568,536	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$237,560,919	SubstantialContributorsTotAmt
Public Support Total170	$168,007,617	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$759,999	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$927,694	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$621,041	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$671,504	CurrentTaxYearMinus1YearAmt
Current Tax Year	$652,457	CurrentTaxYearAmt
Total	$3,632,695	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,425,655	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,801,318	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,400,195	CurrentTaxYearAmt
Total	$15,627,168	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$424,828,399	TotalSupportAmt
Gross Receipts Rltd Activities	$0	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.39547	PublicSupportCY170Pct
Public Support PY170	0.5815	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	Yes (true)	OtherActivitiesInd
Other Activities	$193,219	OtherActivitiesAmt
Total Lobbying Expenditures	$193,219	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION PAYS MEMBERSHIP DUES TO MEMBER EDUCATIONAL ORGANIZATIONS INCLUDING NACUBO (NATIONAL ASSOCIATION OF COLLEGES AND UNIVERSITY BUSINESS OFFICERS), NAICU (NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES), CICV (COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA), AND ACS (ASSOCIATED COLLEGES OF THE SOUTH) THATMAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO DE MINIMIS LOBBYING ACTIVITIES.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Protection Natural Habitat	Yes (X)	ProtectionNaturalHabitatInd
Preservation Open Space	Yes (X)	PreservationOpenSpaceInd
Total Easements	1	TotalEasementsCnt
Total Acreage	69.0	TotalAcreageCnt
States Easements Held	1	StatesEasementsHeldCnt
Written Policy Monitoring	false	WrittenPolicyMonitoringInd

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Revenues Included	$64,775	RevenuesIncludedAmt
Assets Included	$5,774,591	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

Field	Value	IRS element (for citing)
Collection Used Other Purposes	Yes (X)	CollectionUsedOtherPurposesInd
Other Purposes	TEACHING	OtherPurposesDesc

Field	Value	IRS element (for citing)
Solicited Assets Sale	false	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,373,086,542	BeginningYearBalanceAmt
Contributions	$51,377,340	ContributionsAmt
Investment Earnings Or Losses	$122,321,696	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$42,057,306	GrantsOrScholarshipsAmt
Other Expenditures	$26,734,251	OtherExpendituresAmt
Administrative Expenses	$2,093,085	AdministrativeExpensesAmt
End Year Balance	$1,475,900,936	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,342,150,240	BeginningYearBalanceAmt
Contributions	$27,181,170	ContributionsAmt
Investment Earnings Or Losses	$72,562,297	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$38,412,474	GrantsOrScholarshipsAmt
Other Expenditures	$28,738,685	OtherExpendituresAmt
Administrative Expenses	$1,656,006	AdministrativeExpensesAmt
End Year Balance	$1,373,086,542	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,361,442,911	BeginningYearBalanceAmt
Contributions	$23,638,529	ContributionsAmt
Investment Earnings Or Losses	$23,259,175	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$35,800,988	GrantsOrScholarshipsAmt
Other Expenditures	$28,026,976	OtherExpendituresAmt
Administrative Expenses	$2,362,411	AdministrativeExpensesAmt
End Year Balance	$1,342,150,240	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,504,053,213	BeginningYearBalanceAmt
Contributions	$15,483,193	ContributionsAmt
Investment Earnings Or Losses	-$99,369,432	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$30,955,313	GrantsOrScholarshipsAmt
Other Expenditures	$26,354,121	OtherExpendituresAmt
Administrative Expenses	$1,414,629	AdministrativeExpensesAmt
End Year Balance	$1,361,442,911	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,150,749,702	BeginningYearBalanceAmt
Contributions	$18,096,758	ContributionsAmt
Investment Earnings Or Losses	$392,372,476	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$30,080,863	GrantsOrScholarshipsAmt
Other Expenditures	$26,116,953	OtherExpendituresAmt
Administrative Expenses	$967,907	AdministrativeExpensesAmt
End Year Balance	$1,504,053,213	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.21	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.45	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.34	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (true)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,123,664	OtherCostOrOtherBasisAmt
Book Value	$6,123,664	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$579,482,958	OtherCostOrOtherBasisAmt
Depreciation	$254,847,419	DepreciationAmt
Book Value	$324,635,539	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$27,267,830	OtherCostOrOtherBasisAmt
Depreciation	$15,294,145	DepreciationAmt
Book Value	$11,973,685	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$85,146,392	OtherCostOrOtherBasisAmt
Depreciation	$64,235,393	DepreciationAmt
Book Value	$20,910,999	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$29,946,459	OtherCostOrOtherBasisAmt
Depreciation	$10,487,758	DepreciationAmt
Book Value	$19,458,701	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$383,102,588	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Closely-held equity interests
Financial derivatives
Limited Partnership Interests	$1,182,187,079	F
Funds Held in Trust by Others	$716,329,188	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$1,898,516,267	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)

DescDesc	AmtAmt
Federal Income Taxes
SPLIT INTEREST AGREEMENT OBLIGATIONS	$26,072,035
OPERATING LEASE LIABILITIES	$47,866,478
POST RETIRMENT BENEFIT OBLIGATION	$19,767,730
STUDENT AND OTHER DEPOSITS	$1,372,919
OTHER OBLIGATIONS	$1,175,816
US GOVERNMENT GRANTS REFUNDABLE	$34,948

Field	Value	IRS element (for citing)
Total Liability	$96,289,926	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$492,386,793	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$140,976,074	NetUnrealizedGainsInvstAmt
Other Revenue	-$77,541,471	OtherRevenueAmt
Revenue Not Reported	$63,434,603	RevenueNotReportedAmt
Revenue Subtotal	$428,952,190	RevenueSubtotalAmt
Investment Expenses Not Incld	$7,502,863	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$0	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$7,502,863	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$436,455,053	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$227,956,083	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$77,541,471	OtherExpensesIncludedAmt
Expenses Not Reported	-$77,541,471	ExpensesNotReportedAmt
Expenses Subtotal	$305,497,554	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$7,502,863	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$7,502,863	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$313,000,417	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part II, Line 9 Conservation easements financial reporting	THE SINGLE CONSERVATION EASEMENT HELD BY THE UNIVERSITY WAS ACQUIRED THROUGH THE PURCHASE OF PROPERTY ADJACENT TO THE UNIVERSITY IN DECEMBER 2010. THE PROPERTY IS HELD AS LAND ON THE BOOKS OF THE UNIVERSITY AND THUS NOT DEPRECIATED. NO REVENUE IS EARNED FROM THE PROPERTY. MAINTENANCE COSTS ARE INCURRED AS NORMAL OPERATING EXPENSES OF THE UNIVERSITY.
Schedule D, Part III, Line 4 Collections of art - description of collections	THE ORGANIZATION'S EXEMPT PURPOSE: THE MUSEUMS AT WASHINGTON AND LEE UNIVERSITY (WLU), CONSISTING OF THE ART MUSEUM & GALLERIES AND INSTITUTIONAL HISTORY MUSEUM & GALLERIES, SUPPORTS THE UNIVERSITY AS AN INTERDISCIPLINARY TEACHING RESOURCE, ADVANCES LEARNING THROUGH DIRECT ENGAGEMENT WITH THE COLLECTIONS AND FACILITATES AN INTERDISCIPLINARY APPRECIATION OF ART, HISTORY, OBJECTS AND CULTURE. THE MUSEUMS AT WLU ARE COMPOSED OF FIVE AREAS THAT ARE ADMINISTERED COLLECTIVELY BY THE PROVOST AND THE DIRECTORS OF THE MUSEUMS: THE UNIVERSITY CHAPEL WAS BUILT IN 1868; IN 1883 AN ANNEX WAS ADDED TO THE BUILDING TO HOUSE VALENTINE'S STATUE OF ROBERT E. LEE AND THE LEE FAMILY CRYPT. A FEW DECADES LATER, A FOUNDATIONAL BEQUEST OF ART WAS DONATED BY VINCENT BRADFORD AND STILL LATER A COLLECTION OF WASHINGTON-CUSTIS-LEE PORTRAITS WERE ADDED TO THE GALLERIES. A MUSEUM WAS ADDDED IN 1928 IN THE LOWER LEVEL OF THE ORIGINAL COLLEGE CHAPEL. THE CHAPEL ALSO CONTAINS FURNISHINGS AND CONTENTS OF LEE'S OFFICE AS PRESIDENT (1868-1870), AS WELL AS A MODEST COLLECTION OF HISTORICAL OBJECTS RELATED TO THE HISTORY OF WASHINGTON AND LEE UNIVERSITY. IN 1961, THE CHAPEL WAS DESIGNATED A NATIONAL HISTORIC LANDMARK, AND IN 2021 THE BUILDING WAS RENAMED "UNIVERSITY CHAPEL & GALLERIES." THE FRONT CAMPUS OF WASHINGTON AND LEE UNIVERSITY IS KNOW AS "THE COLONNADE." AT ITS CENTER IS WASHINGTON HALL, WHICH IS FLANKED BY PAYNE HALL AND CHAVIS HALL. LOCATED WITHIN WASHINGTON HALL ARE TWO GALLERIES, COLLECTIVELY KNOWN AS THE WASHINGTON HALL GALLERIES. THESE EXHIBITION SPACES FEATURE OBJECTS RELATING TO UNIVERSITY NAMESAKE, GEORGE WASHINGTON, INCLUDING THE ORIGINAL "OLD GEORGE" STATUE. THE REEVES MUSEUM OF CERAMICS SHOWCASES A LARGE PORTION OF A SUBSET OF THE ART COLLECTION TITLED THE REEVES COLLECTION OF EUROPEAN, ASIAN, AND AMERICAN CERAMICS. ALSO LOCATED IN THE REEVES IS THE ELISABETH S. GOTTWALD GALLERY, A ROTATING GALLERY DEDICATED TO FINE AND DECORATIVE ART, INCLUDING WORKS BY LOUISE HERRESHOFF REEVES, AN EARLY-20TH CENTURY AMERICAN PAINTER NOTED FOR HER IMPRESSIONIST AND FAUVIST WORKS. THE WLU ART COLLECTION BEGAN WITH A BEQUEST OF SIX PORTRAITS IN 1874 AND HAS GROWN TO INCLUDE AN ECLECTIC COLLECTION OF ABOUT 15,000 WORKS OF FINE AND DECORATIVE ARTS FROM AROUND THE GLOBE, INCLUDING THE AMERICAS, EUROPE, AND ASIA. PAINTINGS, PRINTS AND SCULPTURE ARE ON DISPLAY IN ACADEMIC SPACES THROUGHOUT CAMPUS AND ARE USED AS TEACHING TOOLS BY VARIOUS ACADEMIC DEPARTMENTS. THE ART COLLECTION IS ON DISPLAY THROUGHOUT CAMPUS, IN THE ADJOINING WATSON GALLERIES, MCCARTHY GALLERY IN HOLDEKAMP HALL, AND IT IS USED IN A VARIETY OF UNIVERSITY CLASSES, INCLUDING ART HISTORY, ACCOUNTING, CHEMISTRY, AND POLITICS.
Schedule D, Part V, Line 4 Intended uses of endowment funds	ENDOWMENT IS A TERM USED COMMONLY TO REFER TO THE RESOURCES THAT HAVE BEEN RESTRICTED BY THE DONOR OR DESIGNATED BY THE BOARD OF TRUSTEES THAT WILL BE INVESTED TO PROVIDE FUTURE REVENUE TO SUPPORT THE UNIVERSITY'S ACTIVITIES. BECAUSE TUITION AND FEES REVENUE DOES NOT COVER THE ENTIRE COST OF EDUCATION FOR A STUDENT, ENDOWMENT FUNDS SUPPLEMENT THE COST OF FACULTY SALARIES AND EDUCATIONAL PROGRAMS. THE ENDOWMENT AND CURRENT CONTRIBUTIONS SUPPORT SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS. THE UNIVERSITY ENDOWMENT ALSO PROVIDES FUNDS FOR THE FOLLOWING AREAS > LIBRARY MAINTENANCE AND ACQUISITIONS > FACULTY AND STUDENT RESEARCH > PROGRAM COSTS FOR AREAS SUCH AS ENVIRONMENTAL STUDIES PROGRAM THE SHEPHERD POVERTY PROGRAM STUDY ABROAD PROGRAMS ATHLETIC PROGRAMS > BUILDINGS AND GROUNDS MAINTENANCE AND IMPROVEMENTS
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	FIN 48 FOOTNOTE FROM AUDITED FINANCIAL STATEMENTS: THE WASHINGTON AND LEE UNIVERSITY HAS BEEN CLASSIFIED AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THUS EXEMPT FROM FEDERAL INCOME TAXES ON ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY DOES NOT BELIEVE THAT THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR COSTS THAT SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	FINANCIAL AID EXPENSES - -77541471
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	FINANCIAL AID EXPENSES - -77541471

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY

ALL POLICIES, INCLUDING THE UNIVERSITY'S NONDISCRIMINATION / EEO STATEMENT ARE POSTED TO THE UNIVERSITY WEBSITE. ALL PROSPECTIVE STUDENTS RECEIVE SOLICITATION MATERIALS THAT OUTLINE THE UNIVERSITY'S NONDISCRIMINATION POLICIES, INCLUDING BUT NOT LIMITED TO DISCRIMINATION ON THE BASIS OF RACE. ANNUALLY, THE UNIVERSITY BROADCASTS THE NONDISCRIMINATION POLICY AND REINFORCES SUPPORT FOR THE UNIVERSITY COMMUNITY TO FOLLOW POLICY. THERE IS ALSO ONGOING CAMPUS-WIDE ORIENTATION AND TRAINING OCCURS ON WHERE ONE CAN FIND POLICIES AND RESOURCES.

Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT

THE UNIVERSITY ADMINISTERS FEDERAL LOANS AND GRANTS TO STUDENTS THROUGH DEPARTMENT OF EDUCATION PROGRAMS SUCH AS PELL AND PERKINS. DURING THE TAX YEAR ENDED JUNE 30, 2025, THE UNIVERSITY HOLDS FEDERAL GRANTS WITH DEPARTMENTS SUCH AS NATIONAL SCIENCE FOUNDATION AND THE DEPARTMENT OF THE INTERIOR.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (14 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean	Grantmaking	$377,057
East Asia and the Pacific	Grantmaking	$1,841,495
Europe (Including Iceland and Greenland)	Grantmaking	$1,265,933
Middle East and North Africa	Grantmaking	$927,559
North America (Canada & Mexico only)	Grantmaking	$389,814
Russia and Neighboring States	Grantmaking	$1,425,973
South America	Grantmaking	$916,184
South Asia	Grantmaking	$2,710,242
Sub-Saharan Africa	Grantmaking	$2,389,423
Central America and the Caribbean	Programs	$147,425	Study Abroad
Europe (Including Iceland and Greenland)	Programs	$577,304	Study Abroad
East Asia and the Pacific	Programs	$66,738	Study Abroad
South America	Programs	$34,309	Study Abroad
Sub-Saharan Africa	Programs	$119,244	Study Abroad

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$13,188,700	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$13,188,700	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
Scholarship	Central America and the Caribbean	5	$377,057	Student account credit
Scholarship	East Asia and the Pacific	29	$1,841,495	Student account credit
Scholarship	Europe (Including Iceland and Greenland)	15	$1,265,933	Student account credit
Scholarship	Middle East and North Africa	10	$927,559	Student account credit
Scholarship	North America (Canada & Mexico only)	4	$389,814	Student account credit
Scholarship	Russia and Neighboring States	16	$1,425,973	Student account credit
Scholarship	South America	10	$916,184	Student account credit
Scholarship	South Asia	30	$2,710,242	Student account credit
Scholarship	Sub-Saharan Africa	25	$2,389,423	Student account credit

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds	FormAndLineReferenceDesc
Explanation	THE UNIVERSITY ISSUES GRANTS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS, WHICH ALLOWS STUDENTS TO FURTHER THEIR EDUCATION. GRANTED FUNDS ARE CREDITED TO THE STUDENT'S UNIVERSITY BILLING ACCOUNT AND APPLIED TO TUITION, FEES, AND OTHER COSTS OF EDUCATION. IN FISCAL YEAR 2024-2025 THE UNIVERSITY PROVIDED DOMESTIC FINANCIAL AID TO SUPPORT 1,454 STUDENTS. 144 OF THOSE STUDENTS WERE CITIZENS OF OTHER COUNTRIES AS REPORTED IN SCHEDULE F.	ExplanationTxt

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Agrmt Prof Fundraising Acty	Yes (true)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	ActivityActivityTxt	Fundraiser Control Of FundsFundraiserControlOfFundsInd	Gross ReceiptsGrossReceiptsAmt	Retained By ContractorRetainedByContractorAmt	Net To OrganizationNetToOrganizationAmt
LANDESBERG DESIGN
64 SOUTH 14TH ST STE 200	PITTSBURGH	PA	15203	BRANDING AND COMMUNICATIONS	false	$0	$49,022	-$49,022
LIBRETTO INC
554 RUTLAND SQ	BOSTON	MA	02118	BRANDING AND COMMUNICATIONS	false	$0	$19,167	-$19,167
WASHBURN & MCGOLDRICK LLC
24 N BRYN MAWR AVENUE 252	BRYN MAWR	PA	19010	GENERAL CAMPAIGN CONSULTING	false	$0	$104,950	-$104,950

Field	Value	IRS element (for citing)
Total Gross Receipts	$0	TotalGrossReceiptsAmt
Total Retained By Contractors	$173,139	TotalRetainedByContractorsAmt
Total Net To Organization	-$173,139	TotalNetToOrganizationAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (9 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
Ndponics
PO Box 1475	LEXINGTON	VA	22450	472531760	501(C)(3)	$24,120	PROGRAM SERVICE
Omicron Delta Kappa Society Inc
224 McLaughlin Street	LEXINGTON	VA	22450	611216165	501(C)(3)	$10,000	PROGRAM SERVICE
CITY OF LEXINGTON VA
300E WASHINGTON ST	LEXINGTON	VA	22450	546001392	GOVT	$643,608	PMT IN LIEU OF TAXES/PROGRAM SERVICE
Rockbridge Area Free Clinic
25 Northridge Lane	LEXINGTON	VA	22450	541642220	501(C)(3)	$26,300	PROGRAM SERVICE
Rockbridge Regional Library
138 S Main St	LEXINGTON	VA	22450	546001156	501(C)(3)	$5,718	PROGRAM SERVICE
Rockbridge NAACP
221 Alum Springs Road	LEXINGTON	VA	22450	831521954	501(C)(4)	$12,500	PROGRAM SERVICE
Main Street Lexington
PO Box 295	LEXINGTON	VA	22450	463289690	501(C)(3)	$250,000	PROGRAM SERVICE
Montessori Center for Children Inc
2 Dold Pl	LEXINGTON	VA	22450	541628875	501(C)(3)	$30,000	PROGRAM SERVICE
Yellow Brick Road Early Learning Center Inc
410 Yellow Brick Rd	LEXINGTON	VA	22450	541101888	501(C)(3)	$19,375	PROGRAM SERVICE

Field	Value	IRS element (for citing)
Total501c3 Org	8	Total501c3OrgCnt
Total Other Org	1	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Student Financial Aid	GrantTypeTxt
Recipient	1320	RecipientCnt
Cash Grant	$65,297,792	CashGrantAmt
Valuation Method Used	Book	ValuationMethodUsedDesc

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds	FormAndLineReferenceDesc
Explanation	THE UNIVERSITY ISSUES GRANTS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS, WHICH ALLOWS STUDENTS TO FURTHER THEIR EDUCATION. GRANTED FUNDS ARE CREDITED TO THE STUDENT'S UNIVERSITY BILLING ACCOUNT AND APPLIED TO TUITION, FEES, AND OTHER COSTS OF EDUCATION. IN FISCAL YEAR 2024-2025 THE UNIVERSITY PROVIDED DOMESTIC FINANCIAL AID TO SUPPORT 1,454 STUDENTS. 144 OF THOSE STUDENTS WERE CITIZENS OF OTHER COUNTRIES AS REPORTED IN SCHEDULE F.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (true)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
WILLIAM C DUDLEY
PRESIDENT AND TRUSTEE	$650,844	$0	$0	$0	$0	$0	$34,500	$0	$75,371	$0	$760,715	$0	$0	$0
STEVEN G MCALLISTER
TREASURER	$406,185	$0	$0	$0	$0	$0	$34,500	$0	$20,525	$0	$461,210	$0	$0	$0
JESSICA WILLETT
SECRETARY	$257,534	$0	$0	$0	$0	$0	$26,500	$0	$139,592	$0	$423,626	$0	$0	$0
SUSAN WOOD
VICE PRESIDENT	$296,419	$0	$0	$0	$0	$0	$30,447	$0	$17,625	$0	$344,491	$0	$0	$0
LENA HILL
PROVOST	$358,770	$0	$0	$0	$0	$0	$34,500	$0	$32,371	$0	$425,641	$0	$0	$0
MELANIE WILSON
DEAN	$393,933	$0	$0	$0	$0	$0	$34,500	$0	$19,035	$0	$447,468	$0	$0	$0
CHAWNE KIMBER
DEAN	$274,926	$0	$0	$0	$0	$0	$27,385	$0	$9,290	$0	$311,601	$0	$0	$0
ROBERT D STRAUGHAN
DEAN	$311,565	$0	$0	$0	$0	$0	$31,846	$0	$20,525	$0	$363,936	$0	$0	$0
THOMAS JENNINGS
VICE PRESIDENT - Former	$252,943	$0	$0	$0	$221,750	$0	$22,175	$0	$10,693	$0	$507,561	$0	$0	$0
BRIAN MURCHISON
PROFESSOR	$316,836	$0	$0	$0	$0	$0	$32,323	$0	$19,077	$0	$368,236	$0	$0	$0
MARIA FEELEY
CHIEF LEGAL OFFICER AND GENERAL COUNSEL	$311,495	$0	$0	$0	$0	$0	$32,250	$0	$22,308	$0	$366,053	$0	$0	$0
MARK DRUMBL
PROFESSOR	$303,124	$0	$0	$0	$0	$0	$30,119	$0	$883	$0	$334,126	$0	$0	$0
ELIZABETH OLIVER
PROFESSOR	$286,236	$0	$0	$0	$0	$0	$28,824	$0	$8,984	$0	$324,044	$0	$0	$0
Scott Hoover
Professor	$283,708	$0	$0	$0	$0	$0	$28,988	$0	$21,540	$0	$334,236	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a Housing allowance or residence for personal use	THE PRESIDENT RESIDES IN ON-CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE VALUE OF THIS ON-CAMPUS HOUSING IS $50,605 FOR TWELVE MONTHS AND IS INCLUDED AS A NON-TAXABLE BENEFIT ABOVE IN PART II, COLUMN D. THE RESIDENCE IS USED FOR UNIVERSITY-RELATED BUSINESS AND ENTERTAINMENT ON A REASONABLE AND CONTINUAL BASIS. THE UNIVERSITY ALSO PAYS CLUB DUES OF $300 PER MONTH FOR THE PRESIDENT. THE CLUB MEMBERSHIP IS USED PREDOMINANTLY FOR UNIVERSITY BUSINESS. THE ABOVE BENEFITS WERE TREATED AS TAXABLE INCOME WHEN APPROPRIATE.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	THE PRESIDENT RESIDES IN ON-CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE VALUE OF THIS ON-CAMPUS HOUSING IS $50,605 FOR TWELVE MONTHS AND IS INCLUDED AS A NON-TAXABLE BENEFIT ABOVE IN PART II, COLUMN D. THE RESIDENCE IS USED FOR UNIVERSITY-RELATED BUSINESS AND ENTERTAINMENT ON A REASONABLE AND CONTINUAL BASIS. THE UNIVERSITY ALSO PAYS CLUB DUES OF $300 PER MONTH FOR THE PRESIDENT. THE CLUB MEMEBERSHIP IS USED PREDOMINANTLY FOR UNIVERSITY BUSINESS. THE ABOVE BENEFITS WERE TREATED AS TAXABLE INCOME WHEN APPROPRIATE.
Schedule J, Part I, Line 4a Severance or change-of-control payment	THOMAS JENNINGS RECEIVED A SEVERENCE PAYMENT OF $221,750
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	THE UNIVERSITY PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN SPONSORED BY THE UNIVERSITY. FOR THE CALENDAR YEAR 2024, $130,685 WAS CONTRIBUTED TO THIS PLAN AND IS INCLUDED ABOVE IN PART II, COLUMN B IN THE CALENDAR YEAR WHEN VESTING OCCURS.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
Industrial Development Authority - Lexington City
A	546001392	52976TBG1	2018-08-07	$36,076,396	Capital projects, Refunding 2010	false	false	false
Industrial Development Authority - Lexington City
B	546001392	000000000	2018-08-07	$15,110,000	Refunding 2015B	false	false	false
Virginia College Building Authority
C	541249154	000000000	2023-06-15	$52,700,000	Educational Facilities Capital Project	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$2,715,000	$0	$22,356,396	$0	$0	$13,720,000	$338,078	$0	$0	$22,018,319	$0	$0	2019	false	false	Yes (true)	Yes (true)
B	$0	$0	$105,685	$0	$0	$15,004,315	$105,685	$0	$0	$0	$0	$0	2018	false	false	Yes (true)	Yes (true)
C	$0	$0	$55,822,708	$0	$3,122,708	$0	$242,574	$0	$0	$40,362,145	$0	$12,095,341		false	false	false	Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Any Research AgreementsAnyResearchAgreementsInd	Engage Bond Counsel ResearchEngageBondCounselResearchInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Remedial Action TakenRemedialActionTakenInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	false	false	false	false	false	false	false	false	false	Yes (true)
B	false	false	false	false	false	false	false	false	false	Yes (true)
C	false	false	false	false	false	false	false	false	false	Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Superintegrated HedgeSuperintegratedHedgeInd	Hedge TerminatedHedgeTerminatedInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	false	Yes (true)	false	Yes (true)	Yes (true)	false	false	false	false	false	false	Yes (true)
B	false	Yes (true)	false	Yes (true)	Yes (true)	false	false	false	false	false	false	Yes (true)
C	false	Yes (true)	false	false	false	false	false	false	false	false	false	Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (true)
B	Yes (true)
C	Yes (true)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule K, Part I BOND ISSUES	(A) ISSUER NAME: INDUSTRIAL DEVELOPMENT AUTHORITY - LEXINGTON CITY (F) CAPITAL PROJECTS, REFUNDING 2010 (A)ISSUER NAME: INDUSTRIAL DEVELOPMENTAL AUTHORITY - LEXINGTON CITY (A) ISSUER NAME: VIRGINIA COLLEGE BUILDING AUTHORITY (F) DESCRIPTION OF PURPOSE: EDUCATIONAL FACILITIES CAPITAL PROJECT
Schedule K, Part IV, Line 2c	(A) ISSUER NAME: INDUSTRIAL DEVELOPMENT AUTHORITY - LEXINGTON CITY DATE THE REBATE COMPUTATION WAS PERFOMRED: (A)ISSUER NAME: INDUSTRIAL DEVELOPMENTAL AUTHORITY - LEXINGTON CITY DATE THE REBATE COMPUTATION WAS PERFORMED: (A) ISSUER NAME: VIRGINIA COLLEGE BUILDING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JESSICA WILLET	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship With Org	EMPLOYEE	RelationshipWithOrgTxt
Loan Purpose	HOME MORTGAGE	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$347,239	OriginalPrincipalAmt
Balance Due	$190,614	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	false	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$190,614	TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part II LOANS TO AND/OR FROM INTERESTED PERSONS:	FormAndLineReferenceDesc
Explanation	WASHINGTON AND LEE PROVIDES HOUSING LOANS TO FULL-TIME EMPLOYEES. SUCH LOANS MAY BE USED TO PURCHASE, BUILD, OR IMPROVE A PRINCIPAL RESIDENCE IN THE LEXINGTON ROCKBRIDGE COUNTY AREA. INTEREST RATES ON LOANS ARE 25 PERCENT LESS THAN THE INTEREST RATE CHARGED BY LOCAL FINANCIAL INSTITUTIONS FOR RESIDENTIAL MORTGAGE LOANS. IMPUTED INTEREST INCOME RELATED TO A UNIVERSITY-PROVIDED HOUSING LOAN IS INCLUDED IN EMPLOYEE W-2S, AS APPLICABLE, EACH YEAR. AS OF JUNE 30, 2025, THE UNIVERSITY HAD 265 EMPLOYEES WITH HOME LOANS OUTSTANDING. THE LOAN PROGRAM IS APPROVED BY THE BOARD OF TRUSTEES AND REVIEWED AS PART OF THE INVESTMENT PORTFOLIO OF THE UNIVERSITY BY THE INVESTMENT COMMITTEE.	ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$45,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other - APPRAISAL	MethodOfDeterminingRevenuesTxt

Art Historical Treasures ArtHistoricalTreasuresGrp

Field	Value	IRS element (for citing)
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$19,755	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other - APPRAISAL	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Contribution	176	ContributionCnt
Noncash Contributions Rpt F990	$32,122,026	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp

Field	Value	IRS element (for citing)
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$4,368,500	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other - APPRAISAL	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	3	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule M, Part I Column B	FormAndLineReferenceDesc
Explanation	THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 16b	The agreement between Lexington Golf and Country Club and Washington & Lee University is monitored by management. Regular status updates are provided to governance on a quarterly basis. The agreement was reviewed by counsel to ensure safe keeping of the University's tax-exempt status, and confirm the activity remains supplemental to operations.
Form 990, Part VI, Line 11b Review of form 990 by governing body	990 REVIEW THE 990 IS PREPARED BY THE UNIVERSITY BUSINESS OFFICE AND REVIEWED BY MANAGEMENT. AN OUTSIDE ACCOUNTING AND TAX FIRM COMPILES THE 990 FORMS AND PROVIDES ADDITIONAL CLARIFICATION. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990, AFTER WHICH A COPY IS DISTRIBUTED THROUGH A CONFIDENTIAL WEB PORTAL TO THE ENTIRE BOARD OF TRUSTEES.
Form 990, Part VI, Line 12c Conflict of interest policy	CONFLICT OF INTEREST POLICY THE CONFLICT OF INTEREST AND TRANSACTIONS WITH INTERESTED PERSONS POLICY IMPOSES A CONTINUING OBLIGATION TO DISCLOSE POTENTIAL CONFLICTS TO THE OFFICE OF GENERAL COUNSEL OF THE UNIVERSITY. THE CONTROLLER WILL ADVISE THE CHAIR OF THE TRUSTEESHIP COMMITTEE (FOR TRUSTEE AND INTERESTED PERSON DISCLOSURES) AND CHAIR OF THE AUDIT COMMITTEE (FOR EMPLOYEE DISCLOSURES) REGARDING ANY POTENTIAL CONFLICTS OF INTEREST AMONG THESE PERSONS. THE TRUSTEESHIP COMMITTEE FOR TRUSTEES AND INTERESTED PERSONS AND THE AUDIT WASHINGTON AND LEE UNIVERSITY 54-0505977 COMMITTEE FOR EMPLOYEES, HAVE THE AUTHORITY TO OVERSEE AND DECIDE WHETHER AN INDIVIDUAL COVERED UNDER THE POLICY SHOULD DISCLOSE HIS OR HER INTEREST TO THE BOARD AND RECUSE HIM OR HERSELF IN MATTERS WHERE A POTENTIAL CONFLICT MAY EXIST. THEY ALSO DECIDE WHETHER ANY DISCLOSED POTENTIAL CONFLICTS RISE TO THE LEVEL OF EXCESS BENEFIT TRANSACTIONS OR UNMANAGEABLE CONFLICTS. THE GENERAL COUNSEL WILL MAKE A PERMANENT RECORD OF DISCLOSED POTENTIAL CONFLICTS, WHICH IS AVAILABLE TO ANY TRUSTEE OR OTHER PERSONS AUTHORIZED BY THE CHAIR OF THE TRUSTEESHIP COMMITTEE AND AUDIT COMMITTEE. THE POLICY DEFINES THE MEANS TO DISCLOSE, RESOLVE AND MANAGE REAL, APPARENT OR POTENTIAL CONFLICTS. A CONFLICT OF INTEREST POLICY IS IN PLACE FOR ALL OTHER EMPLOYEES AND FINANCIAL AND FINANCIAL AID PERSONNEL REVIEW THEIR RESPECTIVE CODES OF CONDUCT/ETHICS ANNUALLY.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	EXECUTIVE COMPENSATION THE POLICY ON GUIDELINES FOR REVIEWING EXECUTIVE COMPENSATION OUTLINES THE PROCESS TO BE FOLLOWED. THE BOARD OF TRUSTEES, OR ITS EXECUTIVE COMMITTEE, IS CHARGED WITH THOROUGHLY REVIEWING THE PRESIDENT'S COMPENSATION, AS WELL AS ASSESSING AND APPROVING THE REASONABLENESS OF THE COMPENSATION. THE REVIEW OF PRESIDENTIAL COMPENSATION INCLUDES EVALUATION OF MARKET DATA AND COMPARISON TO PEER SCHOOLS. THE FULL BOARD OF TRUSTEES APPROVES COMPENSATION FOR THE PRESIDENT. THE BOARD ALSO CONDUCTS A THOROUGH REVIEW OF THE PRESIDENT'S PERFORMANCE FROM THE PRIOR YEAR AT THIS TIME. THE UNIVERSITY GENERAL COUNSEL RECORDS MINUTES OF THE MEETINGS REGARDING THE PRESIDENT'S COMPENSATION, AND RETAINS COPIES WASHINGTON AND LEE UNIVERSITY 54-0505977 OF THE PERFORMANCE REVIEWS. FOR OTHER EXECUTIVES AND OFFICERS, THE PRESIDENT AND EXECUTIVE DIRECTOR OF HUMAN RESOURCES REVIEW FINANCIAL BUDGETS, EMPLOYEE PERFORMANCE, AND BENCHMARK DATA FOR SIMILAR POSITIONS AT PEER SCHOOLS TO DETERMINE REASONABLENESS OF COMPENSATION.
Form 990, Part VI, Line 19 Required documents available to the public	AVAILABILITY OF DOCUMENTS THE UNIVERSITY MAKES ITS GOVERNANCE DOCUMENTS, SUCH AS THE CHARTER AND BYLAWS, AVAILABLE ON THE UNIVERSITY WEBSITE UNDER THE OFFICE OF GENERAL COUNSEL, POLICIES AND LEGAL NOTICES, BOARD POLICIES AND STATEMENTS. THE CONFLICT OF INTEREST POLICIES, STATEMENT OF ETHICAL PRINCIPLES, CODES OF CONDUCT/ETHICS ARE ALSO POSTED AT THE SAME WEBSITE ADDRESS. FINANCIAL STATEMENTS ARE SUMMARIZED ON THE OFFICE OF THE TREASURER WEB PAGE. COPIES OF AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE UNIVERSITY TREASURER. THE UNIVERSITY WEBSITE IS WWW.WLU.EDU
Form 990, Part XII, Line 2c Change of oversight process or selection process	THE FINANCIAL STATEMENTS OF THE UNIVERSITY ARE REPORTED ON A SEPARATE BASIS, AS NO OTHER AFFILIATES EXIST.
FORM 990, PART I, LINE 1 DESCRIPTION OF ORGANIZATION MISSION:	WASHINGTON AND LEE UNIVERSITY PROVIDES A LIBERAL ARTS EDUCATION TO APPROXIMATELY 1,900 UNDERGRADUATE STUDENTS & OFFERS JD & LLM STUDIES TO APPROXIMATELY 400 LAW STUDENTS EACH YEAR.
FORM 990, PART III, LINE 1 DESCRIPTON OF ORGANIZATION MISSION:	MISSION STATEMENT OF WASHINGTON AND LEE UNIVERSITY: WASHINGTON AND LEE UNIVERSITY PROVIDES A LIBERAL ARTS EDUCATION THAT DEVELOPS STUDENTS' CAPACITY TO THINK FREELY, CRITICALLY, AND HUMANELY AND TO CONDUCT THEMSELVES WITH HONOR, INTEGRITY, AND CIVILITY. GRADUATES WILL BE PREPARED FOR LIFE-LONG LEARNING, PERSONAL ACHIEVEMENT, RESPONSIBLE LEADERSHIP, SERVICE TO OTHERS, AND ENGAGED CITIZENSHIP IN A GLOBAL AND DIVERSE SOCIETY.
FORM 990, PART III, LINE 4A DESCRIPTION OF PROGRAM SERVICE	FOUNDED IN 1749, WASHINGTON AND LEE UNIVERSITY IS NAMED IN RECOGNITION OF THE PIVOTAL ROLES OF GEORGE WASHINGTON, WHOSE GENEROUS ENDOWMENT OF $20,000 IN 1796 HELPED THE FLEDGLING SCHOOL (THEN KNOWN AS LIBERTY HALL ACADEMY) SURVIVE, AND ROBERT E. LEE, WHOSE PRESIDENCY AND INNOVATIVE LEADERSHIP BROUGHT THE UNIVERSITY INTO THE NATIONAL LIMELIGHT. WASHINGTON AND LEE IS A SMALL, PRIVATE, LIBERAL ARTS UNIVERSITY NESTLED BETWEEN THE BLUE RIDGE AND ALLEGHENY MOUNTAINS IN LEXINGTON, VA. IT IS THE NINTH OLDEST INSTITUTION OF HIGHER LEARNING IN THE NATION. WASHINGTON AND LEE IS COMPOSED OF TWO UNDERGRADUATE DIVISIONS, THECOLLEGE AND THE WILLIAMS SCHOOL OF COMMERCE, ECONOMICS, AND POLITICS; AND A GRADUATE SCHOOL OF LAW. THE MUDD CENTER FOR ETHICS IS A RESOURCE FOR STUDENTS AND FACULTY AT ALL THREE SCHOOLS. THE SCHOOL OF LAW IS HOME TO THE CENTER FOR LAW AND HISTORY, THE FRANCIS LEWIS LAW CENTER AND THE TRANSNATIONAL LAW INSTITUTE.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd	EINEIN
CHARITABLE REMAINDER TRUSTS (38)
C/O BNY MELLON NA	PO BOX 185	PITTSBURGH	PA	15230	CRUT	VA	W&L UNIVERSITY	Trust	$0	$0	0	Yes (true)
CHARITABLE LEAD TRUSTS (2)
C/O BNY MELLON NA	PO BOX 185	PITTSBURGH	VA	15230	CLAT	VA	W&L UNIVERSITY	Trust	$0	$0	0	Yes (true)
POOLED INCOME FUND
C/O BNY MELLON NA	PO BOX 185	PITTSBURGH	VA	15230	CRAT	VA	W&L UNIVERSITY	Trust	$0	$0	0	Yes (true)
ANNUITIES (4)
C/O BNY MELLON NA	PO BOX 185	PITTSBURGH	VA	15230	CRAT	VA	W&L UNIVERSITY	Trust	$0	$0	0	Yes (true)	546291330

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule R, Part IV, Column (c) LEGAL DOMICILE OF TRUSTS	FormAndLineReferenceDesc
Explanation	THE CHARITABLE REMAINDER TRUSTS ARE LEGALLY DOMICILED IN DC, FL, GA, KY, MA, MD, MO, NC, NH, NJ, OH, PA, SC, TN, TX, VA, VT, WY.	ExplanationTxt