2023-10-10T14:28:48-05:00 2022-12-31 540504608 BROWN EDWARDS & COMPANY LLP 828 MAIN STREET SUITE 1401 LYNCHBURG VA 24504 990 2022-01-01 546047289 LONGWOOD UNIVERSITY FOUNDATION INC LONG 4343952033 201 HIGH STREET FARMVILLE VA 23909 BURT HAZELWOOD CHIEF EXECUTIVE OFFICER 4343952033 2023-11-15 1 BURT HAZELWOOD 999009999 0 RICHARD HEDLEY P00936170 4349489000 2023-10-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BOB WERTZ 201 HIGH STREET FARMVILLE VA 23909 9475669 0 X LONGWOOD.EDU/FOUNDATION/ X 1959 VA THE FOUNDATION SUPPORTS THE ACTIVITIES AND OPERATIONS OF LONGWOOD UNIVERSITY. 23 23 8 0 373925 0 2748927 5683901 0 0 10001208 3480277 122712 120793 12872847 9284971 4361651 4959977 0 0 1005692 1199030 0 0 625082 963384 887897 6330727 7046904 6542120 2238067 112093692 104169025 790411 621929 111303281 103547096 X LONGWOOD UNIVERSITY FOUNDATION ENHANCES THE IMAGE OF LONGWOOD UNIVERSITY BY SUPPORTING THE INSTITUTION'S ACADEMIC, SOCIAL, AND ECONOMIC GOALS. THE FOUNDATION SEEKS TO MAXIMIZE PRIVATE SECTOR SUPPORT BY ENGAGING IN ETHICAL AND RESPONSIBLE DONOR CULTIVATION, STRATEGIC INVESTMENT PLANS, AND TIMELY DISTRIBUTION OF PRIVATE RESOURCES. 0 0 4974631 4959977 LONGWOOD UNIVERSITY FOUNDATION SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY. THIS SUPPORT INCLUDES PROVIDING APPROXIMATELY 700 SCHOLARSHIPS TO STUDENTS WHICH ENHANCES LONGWOOD'S DESIRABILITY, SUPPORTING THE COLLEGIATE ENDOWMENT FUNDS TO PROMOTE FINANCIAL INDEPENDENCE AND THE RESOURCES FOR GROWTH, AND SOLICITING DONATIONS FOR THE PROGRAM ENDOWMENT, WHICH FUNDS THE OPERATING NEEDS FOR THE UNIVERSITY'S ACADEMIC DEPARTMENTS, ATHLETICS, AND SPECIAL PROGRAMS. 4974631 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 14 0 1 8 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DIAN DYCKES 4343952033 LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 BOB WERTZ PRESIDENT 5.00 X X 0 0 0 TAMMY JONES VICE PRESIDENT 0.50 X X 0 0 0 EILEEN M ANDERSON DIRECTOR 0.50 X 0 0 0 JENNIFER APPERSON DIRECTOR 0.50 X 0 0 0 NANCY ATKINSON DIRECTOR 0.50 X 0 0 0 JOSEPH W BARTHOLOMEW III DIRECTOR 0.50 X 0 0 0 MEGAN CLARK DIRECTOR 0.50 X 0 0 0 BONNIE DAVIS DIRECTOR 0.50 X 0 0 0 CHUCK DOWDY DIRECTOR 0.50 X 0 0 0 COLIN DUCHARME DIRECTOR 0.50 X 0 0 0 JANIE EVANS DIRECTOR 0.50 X 0 0 0 MICHAEL EVANS DIRECTOR 0.50 X 0 0 0 JERIS JOHNSON DIRECTOR 0.50 X 0 0 0 TROY L LITTLES DIRECTOR 0.50 X 0 0 0 JOE MACPHAIL DIRECTOR 0.50 X 0 0 0 PAULA MCDONOUGH DIRECTOR 0.50 X 0 0 0 JOHN MCGINN JR DIRECTOR 0.50 X 0 0 0 GEORGE MELNYK JR DIRECTOR 0.50 X 0 0 0 JULIE RAMSEY DIRECTOR 0.50 X 0 0 0 CHARLES ROSS DIRECTOR 0.50 X 0 0 0 SUE SAUNDERS DIRECTOR 0.50 X 0 0 0 COOKIE SCOTT DIRECTOR 0.50 X 0 0 0 MARY THORNTON DIRECTOR 0.50 X 0 0 0 BURT HAZELWOOD CEO 40.00 1.00 X X 171782 0 0 LOUISE WALLER UNIVERSITY VP EX-OFFICIO D 0.50 40.00 X 0 0 0 KEN PERKINS LUF CLO EX-OFFICIO DIRECTO 0.50 40.00 X 0 0 0 TAYLOR REVELEY IV UNIVERSITY PRESIDENT, EX-O 1.00 40.00 X 0 0 0 CHRIS TUNSTALL ALUMNI ASSOC VP EX-OFFICI 0.50 X 0 0 0 KEVIN HUTZLER EX-OFFICIO DIRECTOR 0.50 X 0 0 0 NATHAN BOYLE EX-OFFICIO DIRECTOR 0.50 X 0 0 0 DIAN DYCKES CONTROLLER 40.00 1.00 X 115405 0 0 287187 0 0 2 0 1 0 0 5683901 84965 5683901 1183624 373925 809699 1293833 1193518 0 190698 1293833 1002820 2296653 2296653 OTHER 611710 120793 120793 120793 9284971 0 373925 3227145 4959977 4959977 287187 287187 911843 294801 617042 31435 3286 19990 8159 32075 32075 623137 623137 41009 -7269 48278 349 349 13863 3089 10788 -14 59955 59955 6540 448 6092 35372 11568 23804 1857 1857 11106 11106 2125 2125 10595 1011 9689 -105 RECRUITING 11970 11970 MEMBERSHIPS AND DUES 3480 47 3433 STUDENT ENGAGEMENT 3029 3029 7046904 4974631 1447191 625082 2471966 2883521 1920016 3349414 2847262 2964729 402357 452679 1371854 28690 1345289 1343164 8666857 12935162 86348612 72793218 8091333 7447138 112093692 104169025 286186 215457 504225 406472 790411 621929 X 8891654 8657499 102411627 94889597 111303281 103547096 112093692 104169025 X 2238067 -10742439 617042 131145 X X 0 1 X 1 0 X 3532930 2907764 1926787 2748927 5683901 16800309 3532930 2907764 1926787 2748927 5683901 16800309 2311575 14488734 1307826 1318836 571871 1026290 1183624 5408447 122436 61691 95606 97851 120793 498377 22707133 0.63810 0.47500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 122,436. 2019 AMOUNT: $ 61,691. 2020 AMOUNT: $ 95,606. 2021 AMOUNT: $ 97,851. 2022 AMOUNT: $ 120,793. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4848165 X X X X 0 104979588 3058578 -10445658 2314897 95277611 90505276 1682021 15991135 3198844 104979588 72706045 1276619 17336089 813477 90505276 73662924 1667040 -602862 2021057 72706045 72395802 1010048 2500711 1864711 378926 73662924 0.06890 0.66180 0.26930 0 1 1 1286854 1286854 85000 28690 56310 1343164 HOTEL WEYANOKE 1000000 C LIMITED PARTNERSHIP INTEREST 71793218 F 72793218 ART COLLECTION 4848165 CSV LIFE INSURANCE POLICIES 137927 WETLAND CREDIT - MITIGATION 261603 INV. IN PERPETUAL TRUST 2199443 7447138 ANNUITIES PAYABLE 269992 PAYABLES TO THIRD PARTIES 136480 406472 X PART III, LINE 4: THE FOUNDATION OWNS THE LONGWOOD CENTER FOR THE VISUAL ARTS (LCVA). THE LCVA'S PERMANENT COLLECTION CONSISTS OF NINE FOCUS AREAS. THESE COLLECTIONS ARE LENT TO LONGWOOD UNIVERSITY TO SUPPORT THE EDUCATIONAL AND PUBLIC SERVICE MISSIONS OF THE UNIVERSITY. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 570 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE FOUNDATION'S BOARD OF DIRECTORS (THE "BOARD") TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED IN THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2022. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2022. 1 LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 170(C)(1) 4959977 0 SCHOLARSHIPS AND GRANTS 1 PART I, LINE 2: THE FOUNDATION IS RESPONSIBLE FOR DISBURSING GRANT AND SCHOLARSHIP FUNDS ACCORDING TO ITS FUND REQUEST POLICY WHICH INCLUDES A REVIEW OF RESPECTIVE APPLICATIONS AND CRITERIA OF THE GRANT/SCHOLARSHIP TO ENSURE THE RECEIPT MEETS THE STANDARDS. ONCE DISBURSED THROUGH FINANCIAL AID, SCHOLARSHIPS ARE MONITORED THROUGH THE ACTIVE PARTICIPATION OF THE RECIPIENT AT THE UNIVERSITY. IF A STUDENT DOES NOT COMPLETE A FULL SEMESTER, A PARTIAL AMOUNT OF THE SCHOLARSHIP COULD BE CANCELLED. IF THE RECIPIENT WITHDRAWS WITHIN THE FIRST FEW WEEKS OF THE SEMESTER, THE SCHOLARSHIP IS TOTALLY CANCELLED WHEREAS ANY DEPARTURE FOLLOWING THE FIRST FEW WEEKS, THE SCHOLARSHIP IS PRORATED UNTIL AT LEAST 60% OF THE SEMESTER IS COMPLETE. AFTER 60% COMPLETION, THE FULL SCHOLARSHIP IS STILL AWARDED. AS FOR GRANTS, THE FOUNDATION HAS POLICIES IN PLACE TO VERIFY THE AWARDING OF THE GRANT UNDER SPECIFIED CRITERIA, BUT THE MONITORING OF THOSE GRANT FUNDS FALLS UNDER THE RESPONSIBILITIES OF THE OFFICE OF SPONSORED PROGRAMS WITHIN LONGWOOD UNIVERSITY. 0 0 0 0 0 0 0 0 0 BURT HAZELWOOD CEO 171782 0 0 0 0 0 0 0 0 0 171782 0 0 0 X 5 84482 NYSE 0 1 1 PART I, LINE 32B: THE FOUNDATION USES THE BROKERAGE FIRM DAVENPORT & CO. TO SELL ALL STOCK GIFTS AND DELIVER THE PROCEEDS BACK TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATIONS BYLAWS WERE UDPATED IN 2022. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION IS RESPONSIBLE FOR THE OVERSIGHT OF THE TAX PREPARATION SERVICES BY THE OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS REVIEWED BY THE AUDIT SUBCOMMITTEE PRIOR TO FILING AND PROVIDED TO THE BOARD AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY, AND DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. IF A CONFLICT ARISES, THE BOARD MEMBER WILL NOT BE PART OF DISCUSSIONS AND WILL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE. THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED AND APPROVED ON AN ANNUAL BASIS. A COMPARABILITY STUDY IS DONE ONLY WHEN THE CHIEF EXECUTIVE OFFICER IS INITIALLY HIRED, OR WHEN THE RECOMMENDED PAY RAISE IS ABOVE THE GENERAL ASSEMBLY'S PAY INCREASE FOR STATE EMPLOYEES. THE FOUNDATION ALSO USES STATE AND NATIONAL SURVEYS TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: INTERFUND TRANSFERS 72,182. ANNUITY AND UNITRUST ADJUSTMENTS 55,778. REV LIFE INSURANCE CSV ADJUSTMENT 4,608. ENTITY CLOSED OUT INTO THE FOUNDATION -1,424. ROUNDING 1. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LONGWOOD UNIVERSITY MITIGATION BANKING FOUNDATION LLC 201 HIGH STREET FARMVILLE VA 23909 546047289 HOLDS AND RECEIVES FUNDS FOR LONGWOOD UNIVERSITY FOUNDATION'S STREAM CREDITS VA LONGWOOD UNIVERSITY FOUNDATION DUVAHL RIDGWAY HULL AND ANDREW W HULL CHARITABLE FOUNDATION 201 HIGH STREET FARMVILLE VA 23909 541567947 TO PROVIDE SUPPORT FOR LONGWOOD UNIVERSITY VA 501(C)(3) 12A, TYPE I LONGWOOD UNIVERSITY FOUNDATION 1 LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 EDUCATIONAL INSTITUTION - PUBLIC VA 170(C)(1) N/A 0 LUF WEYANOKE INC 201 HIGH STREET FARMVILLE VA 23909 815177137 PASSIVE INVESTOR IN REDEVELOPMENT VA LONGWOOD UNIVERSITY FOUNDATION C 1000000 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 LONGWOOD UNIVERSITY B 4959977 BOOK