William & Mary Foundation
William & Mary Foundation reported $191.2 million in revenue and $67.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.34 went to program services, $3.51 to management and general costs and $11.15 to fundraising. Its largest source of revenue was contributions and grants: 53.1% of the total. The highest compensation it reported for one person was $734,772 (CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND). Revenue rose 116% 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 $67MFor 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 $191MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 53.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $734,772 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.09% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 253.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 33 of 33 | 100.0% |
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 expenseThe 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
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
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND Key employee, 10.0 hrs/week | $664,032 | $0 | $70,740 | $734,772 |
| CHIEF OPERATING OFFICER, 1693 PARTNERS FUND Key employee, 5.0 hrs/week | $427,250 | $0 | $50,198 | $477,448 |
| CHIEF EXECUTIVE OFFICER Officer, 30.0 hrs/week | $332,250 | $0 | $37,458 | $369,708 |
| CHIEF FINANCIAL OFFICER AND TREASURER Officer, 30.0 hrs/week | $150,783 | $0 | $38,623 | $189,406 |
| EXECUTIVE DIRECTOR Officer, 32.0 hrs/week | $111,885 | $0 | $50,548 | $162,433 |
0 people received more than $100,000 in reportable compensation from William & Mary Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b33 · 33 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 15aNo
- 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 4Yes
- 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 639
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Cambridge Associates LLC Investment advisory services | $452,813 |
| SG AL Holdings LLC Technology services | $402,385 |
| INVNT LLC Brand engagement consulting | $303,000 |
| McGuireWoods LLP Legal services | $211,606 |
| Arnold & Porter Kaye Scholar LLP Legal services | $180,000 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
20 private foundations reported grants to William & Mary Foundation totaling $3.3M 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 William & Mary 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 William & Mary Foundation, you can publish a response that is linked from this page.
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Of every $100 William & Mary Foundation spent in FY2025, $85.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Regent UniversityVirginia Beach, VA · revenue $189M · programs 83.9% · FY2025
- University of Detroit MercyDetroit, MI · revenue $191M · programs 71.4% · FY2025
- Wisconsin Alumni Research FoundationMadison, WI · revenue $189M · programs 88.0% · FY2025
- St Mary's UniversitySan Antonio, TX · revenue $191M · programs 86.6% · FY2025
- Florida Southern CollegeLakeland, FL · revenue $188M · programs 87.4% · FY2025
Questions people ask
How much of William & Mary Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, William & Mary Foundation reported that 85.3% of its $67.1 million in expenses went to program services, 3.5% to management and general and 11.1% to fundraising (Form 990, Part IX).
How much does William & Mary Foundation pay its top executive?
The largest total compensation William & Mary Foundation reported for one person in the fiscal year ending June 30, 2025 was $734,772, for the role of CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does William & Mary Foundation get its money?
Of $191.2 million in revenue in the fiscal year ending June 30, 2025, 53.1% came from contributions and grants and 2.0% from program service revenue (Form 990, Part VIII).
Is William & Mary Foundation a registered charity?
The IRS lists EIN 54-0734117 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 202631359349311323 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349311005 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349307809 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349314250 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211319349303626 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131369349301468 · read the filing
All filings for EIN 54-0734117: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.