2026-05-14T11:14:59+00:00 2025-06-30 135565207 KPMG LLP 8350 Broad Street Suite 900 McLean VA 22102 990 2024-07-01 540505977 Washington and Lee University WASH 5404588400 204 W WASHINGTON STREET LEXINGTON VA 24450 IRMA J BAILEY ASSOCIATE TREASUER AND CONTROLLER 5404588400 2026-05-14 true false Amanda Coon P01754645 7032868000 2026-05-14 2024 2025-03-06 01:10:19Z WILLIAM C DUDLEY 204 W WASHINGTON STREET LEXINGTON VA 24450 880360749 false X WWW.WLU.EDU X 1749 VA SEE SCHEDULE O 28 27 2936 1800 6091795 6342220 63381460 197025397 169776574 175775436 51603567 63641637 21701 12583 284783302 436455053 73433850 78618810 0 0 129821364 137264853 319579 191275 8287471 93421667 96925479 296996460 313000417 -12213158 123454636 2606326104 2891880291 315531798 336655274 2290794306 2555225017 SEE SCHEDULE O false false 313000417 78618810 175494405 UNIVERSITY PROVIDING A LIBERAL ARTS EDUCATION - SEE SCHEDULE O 313000417 true true false true false false true true false true true true false false true true true false true false true false true true false false false true true true true false false false false false true false false false false true true false false false true false false false false true 3539 0 true 2936 true true true false false false false true true false false false false false true X 28 27 true false false false false false false true true false false false true true true true true true true false true true VA X IRMA J BAILEY 5404588400 204 W WASHINGTON STREET LEXINGTON VA 24550 WILLIAM C DUDLEY PRESIDENT AND TRUSTEE 40.0 X X 650844 0 109871 BRODIE G RIORDAN TRUSTEE 4.0 X 0 0 0 CHARLES H PRIOLEAU TRUSTEE 4.0 X 0 0 0 CHRISTOPHER C DYSON TRUSTEE 4.0 X 0 0 0 CHRISTOPHER H WILLIAMS TRUSTEE 4.0 X 0 0 0 CINDY D HAUSER TRUSTEE 4.0 X 0 0 0 CLIFFORD K HOLEKAMP TRUSTEE 4.0 X 0 0 0 COURTNEY C ENLOE TRUSTEE 4.0 X 0 0 0 CYNTHIA T CHEATHAM TRUSTEE 4.0 X 0 0 0 DAVID A LEHMAN TRUSTEE 4.0 X 0 0 0 ELIZABETH B PAKENAS TRUSTEE 4.0 X 0 0 0 GEORGE D JOHNSON III TRUSTEE 4.0 X 0 0 0 HELEN H SANDERS TRUSTEE 4.0 X 0 0 0 JACKSON R SHARMAN III TRUSTEE 4.0 X 0 0 0 JAMES L BALDWIN TRUSTEE 4.0 X 0 0 0 JAMES R SMALL TRUSTEE 4.0 X 0 0 0 JASON W AIKEN TRUSTEE 4.0 X 0 0 0 JOELLE N PHILLIPS TRUSTEE 4.0 X 0 0 0 JOHN C HUFFARD JR TRUSTEE 4.0 X 0 0 0 JOHN P CASE III TRUSTEE 4.0 X 0 0 0 JOHN W ROBINSON III TRUSTEE 4.0 X 0 0 0 JONATHAN M WORTHAM TRUSTEE 4.0 X 0 0 0 JOSEPHINE S COVINGTON TRUSTEE 4.0 X 0 0 0 L JAMES LAWSON III TRUSTEE 4.0 X 0 0 0 LEE M HOLLIS TRUSTEE 4.0 X 0 0 0 MICHAEL H SPENCER TRUSTEE 4.0 X 0 0 0 NATHAN K URQUHART TRUSTEE 4.0 X 0 0 0 SAMANTHA M MCLEMORE TRUSTEE 4.0 X 0 0 0 SCOTT B BOYD TRUSTEE 4.0 X 0 0 0 WANGDALI C BACDAYAN RECTOR 6.0 X 0 0 0 WILLIAM G PAYNE TRUSTEE 4.0 X 0 0 0 WILLIAM M TOLES TRUSTEE 4.0 X 0 0 0 JESSICA WILLETT SECRETARY 40.0 X 257534 0 166092 STEVEN G MCALLISTER TREASURER 40.0 X 406185 0 55025 CHAWNE KIMBER DEAN 40.0 X 274926 0 36675 LENA HILL PROVOST 40.0 X 358770 0 66871 MELANIE WILSON DEAN 40.0 X 393933 0 53535 ROBERT D STRAUGHAN DEAN 40.0 X 311565 0 52371 SUSAN WOOD VICE PRESIDENT 40.0 X 296419 0 48072 BRIAN MURCHISON PROFESSOR 40.0 X 316836 0 51400 ELIZABETH OLIVER PROFESSOR 40.0 X 286236 0 37808 MARIA FEELEY CHIEF LEGAL OFFICER AND GENERAL COUNSEL 40.0 X 311495 0 54558 MARK DRUMBL PROFESSOR 40.0 X 303124 0 31002 Scott Hoover Professor 40.0 X 283708 0 50528 THOMAS JENNINGS VICE PRESIDENT - Former 40.0 X 474693 0 32868 4926268 0 846676 281 true true false KJELLSTROM & LEE INC 1607 Ownby Lane Richmond VA 23220 Construction Services 33774639 MAKENA CAPITAL LP 2755 Sand Hill Road Menlo Park CA 94025 Investment Services 7502863 FIELDTURF USA INC 175 North Industrial Blvd Calhoun GA 30701 Construction Services 1125920 HUNTON ANDREWS KURTH LLP 951 East Byrd Street Richmond VA 232194074 Legal Services 1102150 GOODY CLANCY & ASSOC INC 420 Boylston Street Boston MA 021163886 Construction Services 1006183 79 1951051 195074346 36555281 197025397 TUITION AND FEES 611710 142326311 142326311 AUXILIARY SERVICES 611710 33449125 33168094 281031 0 0 0 0 175775436 639874 639874 12583 12583 0 0 506907459 443905696 63001763 0 63001763 5810764 57190999 0 0 0 0 0 436455053 175494405 6091795 57843456 1077338 1077338 65297792 65297792 12243680 12243680 3658370 1163526 2072476 422368 99297694 66952740 28025459 4319495 8195501 5694609 2116419 384473 19014803 12658550 5461113 895140 7098485 4675508 2087841 335136 1509879 1047174 462705 286031 198376 87655 191275 191275 7523073 5217613 2305460 6698450 3336610 3159219 202621 231593 74586 153117 3890 3552898 2092545 1377842 82511 4001370 2269171 1523166 209033 10362866 4307780 5981292 73794 6367480 4693183 1297686 376611 4682451 2510564 1676834 495053 7180785 2883580 4297205 22141157 12764932 9376225 1664053 210831 1453222 COST OF SALES FOR AUX. 7828990 7828990 OTHER 7891550 7885201 0 6349 DUES AND SUBSCRIPTIONS 3553486 2429798 1091086 32602 POSTAGE AND PRINTING 1449367 421895 770352 257120 0 0 0 0 313000417 222107582 82605364 8287471 6665 0 5361571 0 67209563 191057734 5838054 4272454 204356 190614 0 0 50666999 51172320 1199477 1192456 5489851 6617069 727967303 344864715 355248572 383102588 253745568 280181740 1804830452 1898516267 4528730 9093931 0 0 51996246 66483118 2606326104 2891880291 14552342 18338505 0 0 836858 1148066 163492705 156767372 0 0 0 0 0 0 64346779 64111405 72303114 96289926 315531798 336655274 X 400450361 403884899 1890343945 2151340118 2290794306 2555225017 2606326104 2891880291 123454636 140976075 0 X X false true true true true X 37949672 42496973 64715034 63381460 197025397 405568536 0 0 37949672 42496973 64715034 63381460 197025397 405568536 237560919 168007617 759999 927694 621041 671504 652457 3632695 0 3425655 0 4801318 7400195 15627168 0 0 0 0 0 0 424828399 0 0.39547 0.5815 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 193219 193219 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY 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. X X 1 69.0 1 false 64775 5774591 X X X X X TEACHING false 1373086542 51377340 122321696 42057306 26734251 2093085 1475900936 1342150240 27181170 72562297 38412474 28738685 1656006 1373086542 1361442911 23638529 23259175 35800988 28026976 2362411 1342150240 1504053213 15483193 -99369432 30955313 26354121 1414629 1361442911 1150749702 18096758 392372476 30080863 26116953 967907 1504053213 0.21 0.45 0.34 true false 6123664 6123664 579482958 254847419 324635539 27267830 15294145 11973685 85146392 64235393 20910999 29946459 10487758 19458701 383102588 Closely-held equity interests Financial derivatives Limited Partnership Interests 1182187079 F Funds Held in Trust by Others 716329188 F 1898516267 Federal Income Taxes SPLIT INTEREST AGREEMENT OBLIGATIONS 26072035 OPERATING LEASE LIABILITIES 47866478 POST RETIRMENT BENEFIT OBLIGATION 19767730 STUDENT AND OTHER DEPOSITS 1372919 OTHER OBLIGATIONS 1175816 US GOVERNMENT GRANTS REFUNDABLE 34948 96289926 X 492386793 140976074 -77541471 63434603 428952190 7502863 0 7502863 436455053 227956083 -77541471 -77541471 305497554 7502863 0 7502863 313000417 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 true true true true true true true false false false false false false false false true false true 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. true Central America and the Caribbean 0 0 Grantmaking 377057 East Asia and the Pacific 0 0 Grantmaking 1841495 Europe (Including Iceland and Greenland) 0 0 Grantmaking 1265933 Middle East and North Africa 0 0 Grantmaking 927559 North America (Canada & Mexico only) 0 0 Grantmaking 389814 Russia and Neighboring States 0 0 Grantmaking 1425973 South America 0 0 Grantmaking 916184 South Asia 0 0 Grantmaking 2710242 Sub-Saharan Africa 0 0 Grantmaking 2389423 Central America and the Caribbean 0 0 Programs Study Abroad 147425 Europe (Including Iceland and Greenland) 0 0 Programs Study Abroad 577304 East Asia and the Pacific 0 0 Programs Study Abroad 66738 South America 0 0 Programs Study Abroad 34309 Sub-Saharan Africa 0 0 Programs Study Abroad 119244 0 0 0 0 0 0 13188700 0 13188700 Scholarship Central America and the Caribbean 5 377057 Student account credit Scholarship East Asia and the Pacific 29 1841495 Student account credit Scholarship Europe (Including Iceland and Greenland) 15 1265933 Student account credit Scholarship Middle East and North Africa 10 927559 Student account credit Scholarship North America (Canada & Mexico only) 4 389814 Student account credit Scholarship Russia and Neighboring States 16 1425973 Student account credit Scholarship South America 10 916184 Student account credit Scholarship South Asia 30 2710242 Student account credit Scholarship Sub-Saharan Africa 25 2389423 Student account credit true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds 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. X X X X true LANDESBERG DESIGN 64 SOUTH 14TH ST STE 200 PITTSBURGH PA 15203 BRANDING AND COMMUNICATIONS false 0 49022 -49022 LIBRETTO INC 554 RUTLAND SQ BOSTON MA 02118 BRANDING AND COMMUNICATIONS false 0 19167 -19167 WASHBURN & MCGOLDRICK LLC 24 N BRYN MAWR AVENUE 252 BRYN MAWR PA 19010 GENERAL CAMPAIGN CONSULTING false 0 104950 -104950 0 173139 -173139 true Ndponics PO Box 1475 LEXINGTON VA 22450 472531760 501(C)(3) 24120 PROGRAM SERVICE Omicron Delta Kappa Society Inc 224 McLaughlin Street LEXINGTON VA 22450 611216165 501(C)(3) 10000 PROGRAM SERVICE CITY OF LEXINGTON VA 300E WASHINGTON ST LEXINGTON VA 22450 546001392 GOVT 643608 PMT IN LIEU OF TAXES/PROGRAM SERVICE Rockbridge Area Free Clinic 25 Northridge Lane LEXINGTON VA 22450 541642220 501(C)(3) 26300 PROGRAM SERVICE Rockbridge Regional Library 138 S Main St LEXINGTON VA 22450 546001156 501(C)(3) 5718 PROGRAM SERVICE Rockbridge NAACP 221 Alum Springs Road LEXINGTON VA 22450 831521954 501(C)(4) 12500 PROGRAM SERVICE Main Street Lexington PO Box 295 LEXINGTON VA 22450 463289690 501(C)(3) 250000 PROGRAM SERVICE Montessori Center for Children Inc 2 Dold Pl LEXINGTON VA 22450 541628875 501(C)(3) 30000 PROGRAM SERVICE Yellow Brick Road Early Learning Center Inc 410 Yellow Brick Rd LEXINGTON VA 22450 541101888 501(C)(3) 19375 PROGRAM SERVICE 8 1 Student Financial Aid 1320 65297792 Book Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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. X X true true X X X true true false false false false false false false WILLIAM C DUDLEY PRESIDENT AND TRUSTEE 650844 0 0 0 0 0 34500 0 75371 0 760715 0 0 0 STEVEN G MCALLISTER TREASURER 406185 0 0 0 0 0 34500 0 20525 0 461210 0 0 0 JESSICA WILLETT SECRETARY 257534 0 0 0 0 0 26500 0 139592 0 423626 0 0 0 SUSAN WOOD VICE PRESIDENT 296419 0 0 0 0 0 30447 0 17625 0 344491 0 0 0 LENA HILL PROVOST 358770 0 0 0 0 0 34500 0 32371 0 425641 0 0 0 MELANIE WILSON DEAN 393933 0 0 0 0 0 34500 0 19035 0 447468 0 0 0 CHAWNE KIMBER DEAN 274926 0 0 0 0 0 27385 0 9290 0 311601 0 0 0 ROBERT D STRAUGHAN DEAN 311565 0 0 0 0 0 31846 0 20525 0 363936 0 0 0 THOMAS JENNINGS VICE PRESIDENT - Former 252943 0 0 0 221750 0 22175 0 10693 0 507561 0 0 0 BRIAN MURCHISON PROFESSOR 316836 0 0 0 0 0 32323 0 19077 0 368236 0 0 0 MARIA FEELEY CHIEF LEGAL OFFICER AND GENERAL COUNSEL 311495 0 0 0 0 0 32250 0 22308 0 366053 0 0 0 MARK DRUMBL PROFESSOR 303124 0 0 0 0 0 30119 0 883 0 334126 0 0 0 ELIZABETH OLIVER PROFESSOR 286236 0 0 0 0 0 28824 0 8984 0 324044 0 0 0 Scott Hoover Professor 283708 0 0 0 0 0 28988 0 21540 0 334236 0 0 0 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. A Industrial Development Authority - Lexington City 546001392 52976TBG1 2018-08-07 36076396 Capital projects, Refunding 2010 false false false B Industrial Development Authority - Lexington City 546001392 000000000 2018-08-07 15110000 Refunding 2015B false false false C Virginia College Building Authority 541249154 000000000 2023-06-15 52700000 Educational Facilities Capital Project false false false A 2715000 0 22356396 0 0 13720000 338078 0 0 22018319 0 0 2019 false false true true B 0 0 105685 0 0 15004315 105685 0 0 0 0 0 2018 false false true true C 0 0 55822708 0 3122708 0 242574 0 0 40362145 0 12095341 false false false true A false false false false false false 0.0 0.0 0.0 false false 0 false true B false false false false false false 0.0 0.0 0.0 false false 0 false true C false false false false false false 0.0 0.0 0.0 false false 0 false true A false true false true true false 0 false false false 0 false false true B false true false true true false 0 false false false 0 false false true C false true false false false false 0 false false false 0 false false true A true B true C true 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 JESSICA WILLET EMPLOYEE HOME MORTGAGE X 347239 190614 false false true 190614 Schedule L, Part II LOANS TO AND/OR FROM INTERESTED PERSONS: 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. 1 45000 Other - APPRAISAL 1 19755 Other - APPRAISAL 176 32122026 Market value 1 4368500 Other - APPRAISAL 3 false true false Schedule M, Part I Column B THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED. 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. CHARITABLE REMAINDER TRUSTS (38) C/O BNY MELLON NA PO BOX 185 PITTSBURGH PA 15230 CRUT VA W&L UNIVERSITY Trust 0 0 0 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 true POOLED INCOME FUND C/O BNY MELLON NA PO BOX 185 PITTSBURGH VA 15230 CRAT VA W&L UNIVERSITY Trust 0 0 0 true ANNUITIES (4) C/O BNY MELLON NA PO BOX 185 PITTSBURGH VA 15230 546291330 CRAT VA W&L UNIVERSITY Trust 0 0 0 true false false false false false false false false false false false false false false false false false false false Schedule R, Part IV, Column (c) LEGAL DOMICILE OF TRUSTS 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.