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WILLIAM & MARY FOUNDATION

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Public IRS 990 nonprofit record

WILLIAM & MARY FOUNDATION

EIN 54-0734117 · Single Organization Support (B11)

What they do

The William & Mary Foundation Advances The Universitys 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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $85.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders44 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

29.96%of revenue went to mission work85.3% of expenses · Program services
3.91%of revenue went to fundraising11.1% of expenses
$35.11spent for every $100 of revenueRevenue covered expenses this year.
1.23%of revenue went to management and office costs3.5% of expenses
$21.68in assets for every $1 spent this yearSome assets cannot be spent right away.
53.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $734,772 for F BRIAN HIESTAND (CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$191,186,125
Mission workProgram services$57,279,76929.96% of revenue85.3% of expenses
ManagementOffice and general costs$2,357,9331.23% of revenue3.5% of expenses
FundraisingAsking for donations$7,483,0343.91% of revenue11.1% of expenses
Revenue left after expensesReported annual surplus$124,065,38964.89% of revenueShown in gray on the chart
Total expenses$67,120,73635.11% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 85.3% mission · 3.5% management · 11.1% fundraisingTotal expenses: 35.11% of revenue
2023Expense mix: 89.8% mission · 2.9% management · 7.4% fundraisingTotal expenses: 44.93% of revenue
2022Expense mix: 88.1% mission · 4.0% management · 7.8% fundraisingTotal expenses: 128.13% of revenue
2021Expense mix: 88.1% mission · 3.6% management · 8.4% fundraisingTotal expenses: 41.97% of revenue
2020Expense mix: 87.1% mission · 3.6% management · 9.3% fundraisingTotal expenses: 49.17% of revenue
2019Expense mix: 94.5% mission · 3.4% management · 2.2% fundraisingTotal expenses: 55.63% of revenue
2018Expense mix: 94.5% mission · 2.9% management · 2.6% fundraisingTotal expenses: 49.79% of revenue
2017Expense mix: 75.5% mission · 5.7% management · 18.9% fundraisingTotal expenses: 37.58% of revenue

Money in and money out

Revenue$191,186,125
Expenses$67,120,736
Annual surplus $124,065,389 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$57,279,769 · 85.3% of expenses
Management and office costs$2,357,933 · 3.5% of expenses
Fundraising$7,483,034 · 11.1% of expenses
See all reported dollar amounts
Revenue$191,186,125
Expenses$67,120,736
Assets$1,455,364,130
Income$617,712,216
Contributions$101,450,564
Mission work (program services)$57,279,769
Fundraising$7,483,034
Grants given$303,340,740
Average grant$1,969,745
Management and general$2,357,933
Stocks and bonds$7,077,981
Accounting fees$147,703
Investing fees$455,625
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
F BRIAN HIESTANDCHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND · 10 hrs/week $734,772Base $664,032 · Other $70,740
CATHERINE MOUNTJOYCHIEF OPERATING OFFICER, 1693 PARTNERS FUND · 5 hrs/week $477,448Base $427,250 · Other $50,198
MATTHEW T LAMBERTCHIEF EXECUTIVE OFFICER · 30 hrs/week $369,708Base $332,250 · Other $37,458
BRUCE G AIRDCHIEF FINANCIAL OFFICER AND TREASURER · 30 hrs/week $189,406Base $150,783 · Other $38,623
JULIE S LEACHEXECUTIVE DIRECTOR · 32 hrs/week $162,433Base $111,885 · Other $50,548

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (44)

F BRIAN HIESTANDCHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND

CATHERINE MOUNTJOYCHIEF OPERATING OFFICER, 1693 PARTNERS FUND

MATTHEW T LAMBERTCHIEF EXECUTIVE OFFICER

BRUCE G AIRDCHIEF FINANCIAL OFFICER AND TREASURER

JULIE S LEACHEXECUTIVE DIRECTOR

PAMELA JORDAN PENNYTRUSTEE

JILL MARIE LORDTRUSTEE

JODY W FORSYTHTRUSTEE (TERM ENDED 10/24)

KARLA MUNDENTRUSTEE

KATHERINE A ROWETRUSTEE/ VOTING EX-OFFICIO

LOUIS GERARD DUDNEYTRUSTEE

MAISIE K OFLANAGANTRUSTEE (TERM BEGAN 10/24)

MASHEA M ASHTONTRUSTEE

MICHAEL C SAPNARTRUSTEE

JANET R ATWATERTRUSTEE/CHAIRPERSON OF THE BOARD

PENELOPE H MEREDITHTRUSTEE (TERM ENDED 10/24)

RAELENE C WAGONERTRUSTEE

SHELLEY B GOODETRUSTEE (TERM ENDED 10/24)

SUE HANNA GERDELMANTRUSTEE

TERI DALE DUNGANTRUSTEE/SECRETARY

TIMOTHY J CARROLLTRUSTEE

TODD A STOTTLEMYERTRUSTEE

TODD ANDREW HOWARDTRUSTEE

WILL H PAYNE IITRUSTEE (TERM BEGAN 10/24)

DR STEPHEN S TANGTRUSTEE

ANDREW W HORROCKSTRUSTEE

CHET M THAKERTRUSTEE

CHRISTINE MARIE VILLATRUSTEE

CLIFFORD B FLEET IIITRUSTEE (TERM ENDED 10/24)

DARCY CURRANTRUSTEE (TERM BEGAN 10/24)

DARPAN S KAPADIATRUSTEE/VICE CHAIRPERSON FOR DEVELOPMENT STRATEGY

DAVID N KELLEYTRUSTEE

DAVID R COVINTRUSTEE

DAWN M AARONTRUSTEE (TERM ENDED 10/24)

JENNIFER T MACKESYTRUSTEE/VOTING EX-OFFICIO

ELIZABETH CABELL JENNINGSTRUSTEE/VICE CHAIRPERSON FOR INVESTMENTS

EUGENE P FOLEY JRTRUSTEE

FRANCES C ENGORONTRUSTEE

HILARY GRANT DIXONTRUSTEE

HYLAH B BALLOWETRUSTEE

J SCOTT PERKINSTRUSTEE (TERM ENDED 10/24)

JAMES E MALLORYTRUSTEE

JANE CHURCH HORVATHTRUSTEE

A CLAYTON PERFALLTRUSTEE

About this charity

Recognized since
January 1940
Location
5300 DISCOVERY PARK BLVD 3RD FLOOR, WILLIAMSBURG, VA 23188-2695
County
James City
In care of
MATTHEW T LAMBERT
Primary officer
MATTHEW T LAMBERT, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(757) 221-1906

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CROWE LLP
NTEE classification
Single Organization Support (B11)
IRS tax category
Single Organization Support
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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