2025-05-12T11:03:50+00:00 2024-06-30 440160260 Forvis Mazars LLP 120 E Palmetto Park Road Suite 403 Boca Raton FL 33432 990 2023-07-01 237079011 William & Mary Business School Foundation WILL 7572212294 PO Box 2220 Williamsburg VA 23187 BARRY SHARP TREASURER 7572212294 2025-05-12 true true April Arnold P01559426 5612991820 2025-05-12 2023 2025-03-06 01:10:19Z BARRY SHARP PO Box 2220 Williamsburg VA 23187 10796536 false X n/a X 1972 VA To provide support that will further the aims and mission of the Raymond A. Mason School of Business at William & Mary. 32 32 0 32 -17562 0 7655012 5888534 0 0 1439747 2945274 0 -17446 9094759 8816362 1182797 1308365 0 0 2742884 2399710 0 0 1666850 2016310 2292871 5941991 6000946 3152768 2815416 110015479 120268428 197407 122852 109818072 120145576 To advance the goals of William & Mary's Raymond A. Mason School of Business through philanthropy by providing scholarships, programmatic and operational support, and support for its centers of excellence. false false 2690810 1308365 0 Funding was provided to the Raymond A. Mason School of Business for operational support of its highly ranked undergraduate and graduate programs, provision of need-based and merit-based scholarships, support of faculty excellence and research projects, and funding of innovative student experiences including student investment projects, student research, corporate engagement projects, and other experiences to develop the application of business skills and equip students for lives of principled achievement. 512743 0 0 WILLIAM & MARY RAYMOND A MASON SCHOOL OF BUSINESS - ACADEMIC STUDENT CENTERS THE BOEHLY CENTER PREPARES STUDENTS FOR CAREERS IN FINANCE BY PROVIDING OPPORTUNITIES FOR ADVANCE FINANCIAL TRAINING, CAREER EXPLORATION, NETWORKING AND EXPERIENTIAL LEARNING. 62581 0 0 THE MCLEOD BUSINESS LIBRARY AT THE WILLIAM & MARY RAYMOND A. MASON SCHOOL OF BUSINESS IS A MULTIPURPOSE, STATE-OF-THE-ART INFORMATION CENTER. IT SERVICES THE RESEARCH, STUDY AND EVERYDAY CURRICULAR NEEDS OF THE STUDENTS, FACULTY, STAFF AND THE BUSINESS COMMUNITY. USING THE LATEST DATABASE RESEARCH TOOLS, IT PROVIDES A UNIQUE OPPORTUNITY FOR STUDENTS AND FACULTY TO PERFOM IN PRACTICAL OR REAL WORLD SITUATIONS TO ENHANCE THEIR PERCEPTIONS OF THE BUSINESS WORLD. 3266134 true true false false false false true false true false true false false false true true true false false true false false false false false false true false true false false false false false false false false true false false false false true true false false false true X 7 0 true 0 false false false false false false false false false false false false X 32 32 false false false false false false false true true false false false true true true true true true true false CA CO CT DE DC FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SC SD TN TX UT VT VA AR WA WV WI WY X Carla King-Johnson 7572212294 PO Box 2220 Williamsburg VA 23187 BARRY J SHARP TREASURER 1.0 X X 0 0 0 CYNTHIA H DAVIS SECRETARY 1.0 X X 0 0 0 PAUL C SAVILLE CHAIR 1.0 X X 0 0 0 RAYMOND MASON VICE CHAIR 1.0 X X 0 0 0 ALICE DAVISON TRUSTEE 1.0 X 0 0 0 ALLISON SPIVEY TRUSTEE 1.0 X 0 0 0 AMANDA EVERSOLE TRUSTEE 1.0 X 0 0 0 ANNE MCGEORGE TRUSTEE 1.0 X 0 0 0 COLLEEN DRUMMOND TRUSTEE 1.0 X 0 0 0 DAVID BURG TRUSTEE 1.0 X 0 0 0 DAVID H BAGGS TRUSTEE 1.0 X 0 0 0 DONALD L LOWMAN TRUSTEE 1.0 X 0 0 0 EDWARD T TOKAR TRUSTEE 1.0 X 0 0 0 ERWIN VAN DER VOORT TRUSTEE 1.0 X 0 0 0 FRANK ROACH TRUSTEE 1.0 X 0 0 0 G MICHAEL STAKIAS TRUSTEE 1.0 X 0 0 0 JEFFREY F ROGATZ TRUSTEE 1.0 X 0 0 0 JOHN HYMAN TRUSTEE 1.0 X 0 0 0 JULIE DOBSON TRUSTEE 1.0 X 0 0 0 KARIM H K AHAMED TRUSTEE 1.0 X 0 0 0 LEE CROLL TRUSTEE 1.0 X 0 0 0 LEONARD BROOKS III TRUSTEE 1.0 X 0 0 0 MATTHEW B SIANO TRUSTEE 1.0 X 0 0 0 MELINDA HANCOCK TRUSTEE 1.0 X 0 0 0 MELISSA BALLENGER TRUSTEE 1.0 X 0 0 0 MICHAEL MATACUNAS TRUSTEE 1.0 X 0 0 0 MOLLY PIERONI TRUSTEE 1.0 X 0 0 0 NICOLAS BOEL TRUSTEE 1.0 X 0 0 0 PHIL TUNING TRUSTEE 1.0 X 0 0 0 RICHARD C KRAEMER JR TRUSTEE 1.0 X 0 0 0 RICHARD FISHER TRUSTEE 1.0 X 0 0 0 TROY KEEN TRUSTEE 1.0 X 0 0 0 CARLA R KING-JOHNSON ASSISTANT TREASURER 40.0 X 92852 0 25054 KELLIE MINER-FRAZIER ASSISTANT SECRETARY 40.0 X 85693 0 30215 KIMBERLY SPERLING CEO 40.0 X 104944 0 26238 SUSAN C RUCKER CFO 10.0 X 0 0 0 283489 0 81507 0 false false true 0 5888534 1394904 5888534 0 0 0 0 0 1936044 1936044 0 0 2989404 1980174 1009230 0 1009230 1009230 Miscellaneous Income 900099 116 116 Income from Investment K-1s 901101 -17562 -17562 0 0 0 0 -17446 8816362 0 -17562 2945390 1308365 1308365 400048 257431 142617 1551924 884313 667611 147018 61756 85262 195549 55350 140199 105171 55117 50054 9313 9313 64039 61099 2940 379893 379893 178883 91163 85605 2115 366835 364610 2225 119985 5650 42085 72250 208691 79380 122328 6983 27820 27820 93850 11684 82166 814705 343066 59211 412428 7455 7455 Membership Fees 19297 3575 15722 Business Meals 2105 2105 0 0 0 0 6000946 3266134 1067962 1666850 496116 822584 10731941 11658143 2561006 2264392 110363 114430 0 0 13145 2488 0 0 0 36085160 40641361 58648340 63352860 0 1369408 1412170 110015479 120268428 187052 95588 10355 27264 0 0 0 197407 122852 X 3288125 4144867 106529947 116000709 109818072 120145576 110015479 120268428 X 2815416 7474101 37987 X false true X true false X 7610531 5366053 8502627 7655012 5888534 35022757 0 0 7610531 5366053 8502627 7655012 5888534 35022757 8871112 26151645 883355 701748 1132604 1596629 1936044 6250380 0 0 0 1299 0 116 1415 41274552 171268 0.6336 0.6988 X Schedule A, Part II UNUSUAL GRANTS RECEIVED: DESCRIPTION: CASH, STOCK DATE: 03/30/22 AMOUNT: $11,314,950 Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - , COLUMN B - , COLUMN C - 1299.0, COLUMN D - , COLUMN E - 116.0, COLUMN F - 1415.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 96650972 2473206 9675143 2524056 770000 105505265 88347734 4718747 6500238 2240747 675000 96650972 79070611 16228074 -5255357 1695594 88347734 53026406 10126043 17656533 1738371 79070611 51590169 2945755 -289633 1219885 53026406 0.0874 0.8675 0.0451 false false 1693 PARTNERS FUND 60752070 F Partnership Investments 2600790 F 63352860 0 X 15948557 7474101 20425 7494526 8454031 379893 -17562 362331 8816362 5621053 0 0 5621053 379893 0 379893 6000946 Schedule D, Part III, Line 1a Collections of art - financial statement footnote COLLECTION ITEMS ACQUIRED THROUGH PURCHASE OR DONATION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. Schedule D, Part III, Line 4 Collections of art - description of collections THE COLLECTION CURRENTLY CONSIST OF WORKS OF ART WHICH ARE DISPLAYED ON SITE. Schedule D, Part V, Line 4 Intended uses of endowment funds TO SUPPORT A PUBLIC INSTITUTION OF HIGHER EDUCATION, WILLIAM & MARY RAYMOND A. MASON SCHOOL OF BUSINESS, IN ACCORDANCE WITH THE INTENT OF THE DONORS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. HOWEVER, INCOME FROM CERTAIN INVESTMENTS IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES AS THERE IS NO ESTIMATED TAX DUE AS OF JUNE 30, 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF TRUST AGREEMENTS - 20425 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Income from Investment K-1s - -17562 Central America and the Caribbean 0 0 Investments 425847 0 0 0 0 0 0 425847 0 425847 true false false true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual true WILLIAM & MARY P O BOX 8795 Williamsburg VA 231878795 546001718 IRC SECTION 115 1268281 40084 FMV PARKING SERVICES AND FACILITIES CHARGES STUDENT SCHOLARSHIPS 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE USE AND AMOUNTS OF THE GRANTS AND SCHOLARSHIPS ARE DETERMINED BY THE FUND DONOR AND THE ENDOWMENT INCOME BUDGET WHEN APPLICABLE. WILLIAM & MARY ADMINISTERS THE SCHOLARSHIPS AND MAKES THE SELECTIONS ACCORDING TO THE DONOR'S CRITERIA. THE FOUNDATION THEN REIMBURSES WILLIAM & MARY. WILLIAM & MARY IS AUDITED BY THE COMMONWEALTH OF VIRGINIA'S AUDITOR OF PUBLIC ACCOUNTS. false false false false false false false false false Schedule J, Part II & PART VII, SECTION A, LINE 5 THE CEO, ASSISTANT TREASURER, AND ASSISTANT SECRETARY ARE PAID BY THE COLLEGE OF WILLIAM & MARY, AN UNRELATED ORGANIZATION. THE FOUNDATION REIMBURSES WILLIAM & MARY FOR THEIR SALARY AND BENEFITS. X 18 1389850 Market value X TRAVEL COST 2 5054 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTIONS Other - TRAVEL COST NUMBER OF CONTRIBUTIONS Form 990, Part V, Line 2a THE FOUNDATION EMPLOYEES ARE PAID BY THE COLLEGE OF WILLIAM & MARY, AN UNRELATED ORGANIZATION, AND THE FOUNDATION REIMBURSES WILLIAM & MARY FOR THE SALARIES. Form 990, Part VI, Line 15a & B - PROCESS TO ESTABLISH COMPENSATION THE OFFICERS AND EMPLOYEES OF THE ORGANIZATION ARE PAID VIA WILLIAM & MARY/STATE OF VIRGINIA. THE ORGANIZATION ADHERES TO THE COMPENSATION PRACTIES OF THE STATE OF VIRGINIA AND IT REIMBURSES WILLIAM & MARY/STATE OF VIRINIA FOR ITS PAYROLL. THE PROCESS WAS LAST UNDERTAKEN FOR EACH PERSON IN THE PRIOR YEAR. THE NON VOTING CHIEF OF FINANCIAL OFFICER OF THE ORGANIZATION IS AN INDEPENDENT CONTRACTOR AND A 1099 NEC IS FILED BY THE ORGANIZATION AT THE END OF CALENDAR YEAR. Form 990, Part VI, Line 11b Review of form 990 by governing body AN INDEPENDENT ACCOUNTING FIRM PREPARED AND REVIEWED THE FORM 990. THE FIRST REVIEW OF THE 990 IS BY THE CONTROLLER. THE SECOND REVIEW IS BY THE FOUNDATION'S TREASURER. Form 990, Part VI, Line 12c Conflict of interest policy THE WILLIAM & MARY BUSINESS SCHOOL FOUNDATION'S CONFLICT OF INTEREST DOCUMENT IS REVIEWED AND SIGNED BY EACH TRUSTEE YEARLY. IF A CONFLICT DOES EXIST, THE TRUSTEE IS REMOVED FROM THE DISCUSSION AND/OR VOTE ON THE TRANSACTION. Form 990, Part VI, Line 19 Required documents available to the public COPIES ARE PROVIDED UPON REQUEST AND FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value of Trust Agreements - 20425; Unrelated Business Income from Investment K-1s - 17562; Form 990, Part XII, Line 2c THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. CHARITABLE REMAINDER TRUST (3) CHARITABLE REMAINDER TRUST VA WMBSF Trust true false false false false false false false false false false false false false false false false false false false