William & Mary Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The William & Mary Foundation advances the university's highest aspirations by securing private support, guiding a multi-asset investment portfolio, and offering strategic leadership. In this work, we propel the university toward national preeminence and help shape a future worthy of its history.
- Income
- $191.2 million
- Spending
- $67.1 million
- Spent on programs
- 85%
- Reserves
- 8.9 months of spending
- Largest source of income
- donations and private grants, 53%
- Employees
- 0
- Volunteers
- 39
- Highest pay
- $734,772, chief investment officer, 1693 partners fund
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 85% of charities in its peer group (education, over $100m).
Reserves
28 of 35Spendable reserves would cover 8.9 months of spending.
Debt
20 of 20It owes 3% of what it owns.
Living within its means
15 of 15Income exceeded spending by 65% of income.
Income trend
15 of 15Income rose 18% on the year before.
Spending floor
15 of 1585% of spending went to programs and raising each dollar of donations cost 7 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100. Higher than 38% of charities in its peer group (education, over $100m).
Independent board
25 of 2533 of 33 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $41.9 million spent. THE FOUNDATION PROVIDES FUNDING TO SUPPORT THE SALARIES OF FACULTY, ADMINISTRATIVE STAFF, AND OTHER PERSONNEL AT WILLIAM & MARY. IT ALSO SUPPLIES GENERAL OPERATING SUPPORT TO ADVANCE THE UNIVERSITY'S ACADEMIC MISSION, STRATEGIC PRIORITIES, AND OVERALL INSTITUTIONAL EXCELLENCE. ADDITIONAL DETAILS CAN BE FOUND IN PART IX AND SCHEDULE I. (Expenses $ including grants of $)(Revenue $ 798,825) THE FOUNDATION OWNS AND LEASES BUILDINGS AND FACILITIES TO WILLIAM & MARY FOR USE IN SUPPORT OF ITS ACADEMIC AND OPERATIONAL NEEDS.
- $14.8 million spent. THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WILLIAM & MARY STUDENTS THROUGH SCHOLARSHIPS. THIS SUPPORT HELPS EXPAND ACCESS, PROMOTE AFFORDABILITY , AND ENABLE STUDENTS TO PURSUE AND COMPLETE THEIR EDUCATION.
- $493,312 spent. THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO ORGANIZATIONS AFFILIATED WITH OR RELATED TO WILLIAM & MARY. THESE CONTRIBUTIONS HELP STRENGTHEN COLLABORATIVE INITIATIVES, EXTEND THE UNIVERSITY'S IMPACT, AND SUPPORT ACTIVITIES ALIGNED WITH ITS MISSION AND VALUES. ADDITIONAL DETAILS CAN BE FOUND IN PART IX AND SCHEDULE I. (Expenses $ including grants of $)(Revenue $ 798,825) THE FOUNDATION OWNS AND LEASES BUILDINGS AND FACILITIES TO WILLIAM & MARY FOR USE IN SUPPORT OF ITS ACADEMIC AND OPERATIONAL NEEDS.
- THE FOUNDATION OWNS AND LEASES BUILDINGS AND FACILITIES TO WILLIAM & MARY FOR USE IN SUPPORT OF ITS ACADEMIC AND OPERATIONAL NEEDS.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1940.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.