2025-10-24T08:33:16-05:00 2024-12-31 540504608 BROWN EDWARDS & COMPANY LLP 828 MAIN STREET SUITE 1401 LYNCHBURG VA 24504 990 2024-01-01 546047289 LONGWOOD UNIVERSITY FOUNDATION INC LONG 4343952033 201 HIGH STREET FARMVILLE VA 23909 BURT HAZELWOOD CHIEF EXECUTIVE OFFICER 4343952033 2025-11-15 1 1 RICHARD HEDLEY P00936170 4349489000 2025-10-21 2024 2025-03-06 01:10:19Z BURT HAZELWOOD 201 HIGH STREET FARMVILLE VA 23909 12543185 0 X LONGWOOD.EDU/FOUNDATION/ X 1959 VA THE FOUNDATION SUPPORTS THE ACTIVITIES AND OPERATIONS OF LONGWOOD UNIVERSITY. 21 21 5 0 47901 7722 2283092 5698598 0 0 4985563 6580855 20351 72554 7289006 12352007 5395872 10328855 0 0 1032783 1425544 0 0 796781 938723 1015094 7367378 12769493 -78372 -417486 106166411 116073655 528296 1401130 105638115 114672525 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 10437665 10328855 LONGWOOD UNIVERSITY FOUNDATION SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY. THIS SUPPORT INCLUDES PROVIDING SCHOLARSHIPS TO 822 STUDENTS DURING 2024, ADMINISTERING AND GROWING THE SCHOLARSHIP ENDOWMENT TO PROMOTE STUDENT FINANCIAL INDEPENDENCE, AND SOLICITING DONATIONS. THE FOUNDATION ALSO ADMINISTERS THE PROGRAM ENDOWMENT WHICH FUNDS CERTAIN OPERATING NEEDS FOR THE UNIVERSITY'S ACADEMIC DEPARTMENTS, ATHLETICS, AND SPECIAL PROGRAMS. 10437665 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 9 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X DIAN DYCKES 4343952033 LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 ROBERT S WERTZ JR DIRECTOR 0.50 X X 0 0 0 TAMARA JONES PRESIDENT 5.00 X X 0 0 0 EILEEN M ANDERSON DIRECTOR 0.50 X 0 0 0 JOSEPH W BARTHOLOMEW III DIRECTOR 0.50 X 0 0 0 KATHARINE AXSON KEEL DIRECTOR 0.50 X 0 0 0 JEFF NOTTINGHAM 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 SUSAN FIERRO DIRECTOR 0.50 X 0 0 0 MARK FINK DIRECTOR 0.50 X 0 0 0 JERIS JOHNSON DIRECTOR 0.50 X 0 0 0 KEITH LATIMER DIRECTOR 0.50 X 0 0 0 TROY L LITTLES DIRECTOR 0.50 X 0 0 0 MIKE SAALE DIRECTOR 0.50 X 0 0 0 GEORGE MELNYK JR VICE PRESIDENT 0.50 X 0 0 0 DAN OAKEY DIRECTOR 0.50 X 0 0 0 JULIE RAMSEY DIRECTOR 0.50 X 0 0 0 MARY THORNTON DIRECTOR 0.50 X 0 0 0 PIA TRIGIANI DIRECTOR 0.50 X 0 0 0 RONALD WHITE DIRECTOR 0.50 X 0 0 0 BURT HAZELWOOD CEO 40.00 1.00 X 255538 0 44120 DIAN DYCKES CONTROLLER 40.00 1.00 X 132303 0 35465 387841 0 79585 2 0 1 0 0 5698598 424289 5698598 1828804 47901 1780903 10620 10620 1794479 3148750 0 191178 1794479 2957572 4752051 4752051 OTHER 611710 61934 61934 61934 12352007 0 47901 6605508 10328855 10328855 467426 467426 958118 166395 791723 8685 3740 471 4474 46409 46409 639585 639585 162227 99675 62552 10323 10323 73561 73561 6914 6914 26919 26919 1767 1767 2125 2125 12790 500 12290 STUDENT ENGAGEMENT 8000 8000 OTHER TAXES 6484 2770 3130 584 RECRUITING 5000 5000 MEMBERSHIPS AND DUES 4305 4305 12769493 10437665 1535047 796781 1871133 3617953 1093089 1539034 2335134 1103704 23050 27780 538225 567637 1371854 32940 1341039 1338914 16691327 17451791 74712356 82891894 7561058 7534948 106166411 116073655 219878 1122325 308418 278805 528296 1401130 X 8457648 9669846 97180467 105002679 105638115 114672525 106166411 116073655 X -417486 8578619 791724 81553 X X 0 1 X 1 0 X 1926787 2748927 5683901 2283092 5698598 18341305 1926787 2748927 5683901 2283092 5698598 18341305 2701695 15639610 571871 1026290 1183624 1388909 1839424 6010118 95606 97851 120793 8741 61934 384925 24736348 0.63230 0.61710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 95,606. 2021 AMOUNT: $ 97,851. 2022 AMOUNT: $ 120,793. 2023 AMOUNT: $ 8,741. 2024 AMOUNT: $ 61,934. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4848165 X X X X 0 97291077 3218397 11497891 5543400 106463965 95277611 1287777 3873858 3148169 97291077 104979588 3058578 -10445658 2314897 95277611 90505276 1682021 15991135 3198844 104979588 72706045 1276619 17336089 813477 90505276 0.07150 0.62450 0.30400 0 1 1 1286854 1286854 85000 32940 52060 1338914 LIMITED PARTNERSHIP INTEREST 82891894 F 82891894 ART COLLECTION 4848165 CSV LIFE INSURANCE POLICIES 147539 WETLAND CREDIT - MITIGATION 10761 INV. IN PERPETUAL TRUST 2528483 7534948 ANNUITIES PAYABLE 213247 PAYABLES TO THIRD PARTIES 65558 278805 X PART III, LINE 4: THE FOUNDATION OWNS ARTWORK MAINTAINED AT THE LONGWOOD CENTER FOR THE VISUAL ARTS (LCVA). PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 629 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, 2024. 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, 2024. 1 LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 170(C)(1) 8104671 2224184 PROFESSIONAL VALUATION ART SCHOLARSHIPS, PROGRAMS, AND GRANTS PART I, LINE 2: THE FOUNDATION IS RESPONSIBLE FOR DISBURSING SCHOLARSHIP FUNDS ACCORDING TO ITS FUND REQUEST POLICY WHICH INCLUDES A REVIEW OF THE STUDENT APPLICATIONS AND THE CRITERIA OF THE SCHOLARSHIPS TO ENSURE THE RECIPIENTS MEET THE STANDARDS. ONCE A STUDENT RECEIVES A SCHOLARSHIP, THE STUDENT'S ENROLLMENT IS MONITORED THROUGHOUT THE SEMESTER. IF A STUDENT DOES NOT COMPLETE A FULL SEMESTER, THEN 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. IF A STUDENT DEPARTS WITHIN 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 PROGRAM DISBURSEMENTS, THE FOUNDATION HAS POLICIES IN PLACE TO VERIFY THE AWARDING OF THE DISBURSEMENTS UNDER SPECIFIED CRITERIA, BUT THE MONITORING OF THE PROGRAM DISBURSEMENTS FALLS UNDER THE RESPONSIBILITY OF THE OFFICE OF SPONSORED PROGRAMS WITHIN LONGWOOD UNIVERSITY. 0 0 0 0 0 0 0 0 0 BURT HAZELWOOD CEO 255538 0 0 0 0 0 18235 0 25885 0 299658 0 0 0 DIAN DYCKES CONTROLLER 132303 0 0 0 0 0 9616 0 25849 0 167768 0 0 0 X 13 424289 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 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. A COMPARABILITY STUDY IS DONE ONLY WHEN THE CHIEF EXECUTIVE OFFICER IS INITIALLY HIRED OR AS NECESSARY TO EVALUATE CURRENT MARKET CONDITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: INTERFUND TRANSFERS 55,598. ANNUITY AND UNITRUST ADJUSTMENTS 20,958. REV LIFE INSURANCE CSV ADJUSTMENT 4,998. 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 DEVELOPMENT VA LONGWOOD UNIVERSITY FOUNDATION C 2778 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 LONGWOOD UNIVERSITY B 10328855 BOOK