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University of Mary Washington Foundation

Fredericksburg, VA · EIN 54-0169627 · 501(c)(3) · Organization operated for a governmental college or university
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

University of Mary Washington Foundation reported $21.7 million in revenue and $7.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.75 went to program services, $17.04 to management and general costs and $4.21 to fundraising. Its largest source of revenue was contributions and grants: 58.0% of the total. The highest compensation it reported for one person was $348,762 (FORMER CEO). 2 people received more than $100,000 in reportable compensation. Revenue rose 9% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $7.3M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $22M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
78.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
17.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
4.2%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
58.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
1.6%69.9%
Highest reported compensation
Part VII-A, columns D–F
$348,762$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.76%1.28%
People paid over $100,000
Part VII, line 2
28
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
228.413.3
Independent voting board members
Part VI 1a–1b
23 of 23100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$5.8M expenses · 100.0% of program spending · grants $4.9M · revenue $346K

The umw foundation serves as the private asset manager for the univerisity of Mary Washington. The foundation manages all of the university's privately donated cash and investments

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
FORMER CEO
Former, 50.00 hrs/week
$348,762$0$0$348,762
CONTROLLER
Highest compensated employee, 50.00 hrs/week
$121,427$0$0$121,427
EXECUTIVE DIRECTOR
Officer, 30.00 hrs/week
$11,796$0$0$11,796

2 people received more than $100,000 in reportable compensation from University of Mary Washington Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $29,791 (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$22M$7.3M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$22M$7.3M78.8%$140M$348,762
FY2024 ⓘ$29M$8.6M62.7%$121M$300,394
FY2023 ⓘ$43M$7.2M64.1%$109M$301,107
FY2022 ⓘ$11M$7.6M79.0%$67M$265,096
FY2021 ⓘ$48M$14M87.9%$78M$347,138
FY2020 ⓘ$20M$19M88.9%$28M$330,963

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b23 · 23 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50
  • Volunteers Part I, line 623

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
AIMBRIDGE HOSPITALITY LLC
Consulting-hotel
$361,758
S H FAHRENHEIT ADVISORS LLC
Consulting
$182,909
CHERRY BEKAERT LLP
Audit/tax/consulting
$101,319

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

6 private foundations reported grants to University of Mary Washington Foundation totaling $127K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from University of Mary Washington Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Mary Washington Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Virginia

Questions people ask

How much of University of Mary Washington Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, University of Mary Washington Foundation reported that 78.8% of its $7.3 million in expenses went to program services, 17.0% to management and general and 4.2% to fundraising (Form 990, Part IX).

How much does University of Mary Washington Foundation pay its top executive?

The largest total compensation University of Mary Washington Foundation reported for one person in the fiscal year ending June 30, 2025 was $348,762, for the role of FORMER CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does University of Mary Washington Foundation get its money?

Of $21.7 million in revenue in the fiscal year ending June 30, 2025, 58.0% came from contributions and grants and 1.6% from program service revenue (Form 990, Part VIII).

Is University of Mary Washington Foundation a registered charity?

The IRS lists EIN 54-0169627 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611249349300106 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349312274 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349302218 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341339349302359 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201339349301405 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131349349307833 · read the filing

All filings for EIN 54-0169627: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.