1693 Partners Fund
1693 Partners Fund reported $156.4 million in revenue and $61.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 65.5% of the total. The highest compensation it reported for one person was $734,772 (CHIEF INVESTMENT OFFICER). Revenue rose 304% between FY2021 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 $61MFor 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 $156MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 34.5% | 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) | 1.20% | 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 | 238.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 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 1693 Partners Fund is dedicated to stewarding and growing endowment assets in support of William & Mary and its affiliated organizations. With a long-term focus, the Fund seeks to generate strong, risk-adjusted returns while preserving equity and advancing the university's mission. The Fund employs a disciplined, diversified investment approach to enhance returns, manage risk, and provide reliable funding for scholarships, faculty support, research, and other institutional priorities. Operating within a robust governance framework, the 1693 Partners Fund emphasizes transparency…
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 Officer, 40.0 hrs/week | $0 | $664,032 | $70,740 | $734,772 |
| CHIEF OPERATING OFFICER Officer, 40.0 hrs/week | $0 | $427,250 | $50,198 | $477,448 |
0 people received more than $100,000 in reportable compensation from 1693 Partners Fund (Part VII, line 2).
5 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–1b12 · 12 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 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 615
Correct a figure or respond
Every number above is copied from 1693 Partners Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for 1693 Partners Fund, you can publish a response that is linked from this page.
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Of every $100 1693 Partners Fund spent in FY2025, $100.00 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of 1693 Partners Fund's spending goes to programs?
In the fiscal year ending June 30, 2025, 1693 Partners Fund reported that 100.0% of its $61.2 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does 1693 Partners Fund pay its top executive?
The largest total compensation 1693 Partners Fund reported for one person in the fiscal year ending June 30, 2025 was $734,772, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does 1693 Partners Fund get its money?
Of $156.4 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 34.5% from program service revenue (Form 990, Part VIII).
Is 1693 Partners Fund a registered charity?
The IRS lists EIN 84-3505125 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202611359349312116 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349308890 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421369349310972 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349312945 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211319349303536 · read the filing
All filings for EIN 84-3505125: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.