2026-05-13T16:14:25+00:00 2025-06-30 135381590 BDO USA 421 FAYETTEVILLE ST STE 300 RALEIGH NC 276011776 990 2024-07-01 540534105 SWEET BRIAR INSTITUTE SWEE 4343816325 PO BOX 1051 SWEET BRIAR VA 24595 BELINDA BURKE CFO VP OF FINANCE 4343816325 2026-05-13 true LINDA THOMAS P00665337 9197549370 2026-05-13 2024 2025-03-06 01:10:19Z MARY POPE MAYBANK HUTSON PO BOX 1051 SWEET BRIAR VA 24595 58713966 false X WWW.SBC.EDU X 1901 VA Sweet Briar College challenges and inspires women to become ethical leaders with the skills, compassion, and vision to create a more just and sustainable world. Through its undergraduate and graduate programs, the College fosters an inclusive and vibrant academic community that promotes ethical and innovative thinking, personal and professional development, and the ability to address real-world problems with strong analytical and communication skills. 23 22 574 1000 710268 0 18343805 17905618 18465387 18234151 5129623 5602046 1612975 1357197 43551790 43099012 7473637 7186354 0 0 16987080 16526894 60000 0 3246683 17728974 18361458 42249691 42074706 1302099 1024306 151152959 156182102 10380474 11986862 140772485 144195240 SWEET BRIAR COLLEGE CHALLENGES AND INSPIRES WOMEN, FORGING ETHICAL LEADERS WITH THE SKILL, COMPASSION, AND VISION TO CREATE A MORE JUST AND SUSTAINABLE WORLD. SWEET BRIAR'S ACADEMIC PROGRAM, AT THE UNDERGRADUATE AND GRADUATE LEVELS, SEEKS TO CULTIVATE AN INCLUSIVE AND VIBRANT COMMUNITY OF LEARNING AMONG STUDENTS, FACULTY, AND STAFF THAT PRIZES ETHICAL AND INNOVATIVE THINKING. OUR CURRICULUM FOSTERS PERSONAL AND PROFESSIONAL DEVELOPMENT THROUGH A LIBERAL ARTS EDUCATION. THE FACULTY AND STAFF GUIDE STUDENTS TO UNDERSTAND HOW JUSTICE AND SUSTAINABILITY ARE CONNECTED; PROMOTE INCLUSIVITY, DIVERSITY, EQUITY, AND ACCESS; SOLVE REAL-WORLD PROBLEMS ACROSS AN ARRAY OF DISCIPLINES CONFIDENTLY AND CREATIVELY; AND DEVELOP CRITICAL ANALYTIC AND COMMUNICATION SKILLS. STUDENTS PURSUE THESE GOALS IN THE CLASSROOM, ACROSS THE CAMPUS COMMUNITY, AND AROUND THE WORLD. false false 16623384 0 3378195 INSTRUCTION: TO PROVIDE A LIBERAL ARTS EDUCATION FOR ALL STUDENTS. BENEFITS APPROXIMATELY 406 STUDENTS. 7186354 7186354 7186354 SCHOLARSHIPS: TO PROVIDE SCHOLARSHIPS TO STUDENTS WITH BOTH FINANCIAL NEED AS WELL AS ACADEMIC EXCELLENCE. BENEFITS APPROXIMATELY 406 STUDENTS. 6763846 0 8010075 AUXILIARY ENTERPRISES: TO PROVIDE STUDENTS WITH HOUSING, FOOD SERVICES, RECREATION AND INSTRUCTIONAL MATERIALS. BENEFITS APPROXIMATELY 406 STUDENTS. 30573584 true true false false false false false true false true true true false true true true true false true false true false true false false false false false true true true false false false false false false false false false false true false false false true false false false false false true 172 0 true 574 true true true false false false false false false false false false false false X 23 22 false false false false false false false true true false false false true true true true true true true true false false CO DC MD MI MT NV NH NY SC AR WA X BELINDA BURKE 4343816353 PO BOX 1051 SWEET BRIAR VA 245951051 MARY POPE HUTSON PRESIDENT 40.0 0.0 X X 352625 0 30216 ANDREW MCALLISTER DIRECTOR 4.0 0.0 X 0 0 0 CLAUDE WASSERSTEIN DIRECTOR 4.0 0.0 X 0 0 0 ELIZABETH AYCOCK DIRECTOR 4.0 0.0 X 0 0 0 ELIZABETH CASALINI DIRECTOR 4.0 0.0 X 0 0 0 FRED GRIFFIN DIRECTOR 4.0 0.0 X 0 0 0 J CHAPMAN PETERSON DIRECTOR 4.0 0.0 X 0 0 0 J ERIC GREENWOOD DIRECTOR 4.0 0.0 X 0 0 0 JANE DURE DIRECTOR 4.0 0.0 X 0 0 0 KATHERINE WILLIAMS DIRECTOR 4.0 0.0 X 0 0 0 KEENAN KELSEY DIRECTOR 4.0 0.0 X 0 0 0 LAURA EVANS DIRECTOR 4.0 0.0 X 0 0 0 LENDON GRAY DIRECTOR 4.0 0.0 X 0 0 0 MARTHA HOLLAND DIRECTOR 4.0 0.0 X 0 0 0 MASON RUMMEL DIRECTOR 4.0 0.0 X 0 0 0 MICHELA ENGLISH DIRECTOR 4.0 0.0 X 0 0 0 MICHELLE O'NEILL DIRECTOR 4.0 0.0 X 0 0 0 NANCY CORKERY DIRECTOR 4.0 0.0 X 0 0 0 PHILLIP STONE DIRECTOR 4.0 0.0 X 0 0 0 ROBERT GOODLATTE DIRECTOR 4.0 0.0 X 0 0 0 SALLY FREEMAN DIRECTOR 4.0 0.0 X 0 0 0 TORI MCCLURE DIRECTOR 4.0 0.0 X 0 0 0 VERDA COLVIN DIRECTOR 4.0 0.0 X 0 0 0 PETER BRYAN VP FINANCE, OPERATIONS & AUX 40.0 0.0 X 224051 0 27678 JASON VITTONE ATHELTIC DIRECTOR 40.0 0.0 X 112962 0 22364 JENNIFER SAUER AVP OF FINANCE 40.0 0.0 X 107233 0 12112 JOHN BROWN ENGLISH & CREATIVE WRITING PROFESSOR 40.0 0.0 X 104580 0 37738 JONATHAN BENDER DIRECTOR OF ENGINEERING & PROFESSOR 40.0 0.0 X 122804 0 7335 KATHY BRADLEY DIRECTOR OF HR 40.0 0.0 X 126907 0 7239 DR MEREDITH WOO FORMER PRESIDENT 0.0 0.0 X 200000 0 0 LUTHER GRIFFITH FORMER VP FINANCE, OPERATIONS & AUX 0.0 0.0 X 127191 0 288 1478353 0 144970 10 true true false MERIWETHER-GODSEY 4944 OLD BOONSBORO ROAD LYNCHBURG VA 24503 FOOD SERVICES 2572128 TROUTMAN PEPPER LOCKE LLP 1001 HAXALL POINT 15TH FLOOR RICHMOND VA 23219 LEGAL ADVICE 302718 MARIST COLLEGE 3399 NORTH ROAD POUGHKEEPSIE NY 12601 OUTSOURCED TECHNOLOGY 234971 ENCOURA LLC PO BOX 414812 KANSAS CITY MO 64141 ADMISSIONS MARKET DATA 171641 TINDER CATTLE AND VINEYARD 5960 MARKWOOD ROAD EARLYSVILLE VA 22936 VINEYARD SERVICES 157082 10 0 0 0 0 2676671 15228947 2052013 17905618 TUITION AND FEES 611710 11664540 11664540 0 0 STUDENT SERVICES 611710 6555710 6555710 0 0 SALES & SERVICES 611710 13901 13901 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18234151 1659153 0 0 1659153 0 0 0 0 0 0 0 0 524864 0 218408 0 306456 0 306456 0 0 306456 19339439 0 15396546 0 3942893 0 3942893 0 0 3942893 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ELSTON INN 721110 519009 0 519009 0 ADDITIONAL AUXILIARY 611710 299247 174573 124674 0 CELL TOWER 517000 66585 0 66585 0 165900 165900 0 0 1050741 43099012 18574624 710268 5908502 0 0 6194389 6194389 991965 991965 0 0 842754 116568 508330 217856 0 0 0 12209156 8785605 2396486 1027065 664232 438926 157714 67592 1892727 1250714 449409 192604 918025 606637 217972 93416 399853 215920 128753 55180 622706 0 622706 0 91754 0 91754 0 0 0 0 0 0 0 16350 0 16350 0 3583023 2490335 637132 455556 356433 112085 171044 73304 391306 167960 156342 67004 813333 439200 261893 112240 0 0 0 0 3086955 1833256 877589 376110 807018 620275 130720 56023 0 0 0 0 0 0 0 0 373867 0 373867 0 0 0 0 0 3220120 2917748 211660 90712 0 0 0 0 NON-CAPITAL EQUIPMENT/REPAIR 1892476 1132621 531899 227956 COST OF GOODS SOLD 1100938 1100938 0 0 SUPPLIES & PRINT 777953 632284 101968 43701 LIBRARY 143957 143957 0 0 683416 382201 210851 90364 42074706 30573584 8254439 3246683 0 0 0 0 0 0 11111534 16362927 8133489 4551094 165887 2563453 0 0 0 0 327688 250858 0 0 0 0 126083524 66001388 60786818 60082136 49684300 49249495 9222797 11098759 0 0 0 11720446 12023380 151152959 156182102 1621327 1647435 0 0 94636 336 8445982 7411838 0 0 0 0 0 2738293 0 0 218529 188960 10380474 11986862 X 37499437 38024915 103273048 106170325 140772485 144195240 151152959 156182102 X 1024306 1818384 0 0 0 580065 X false true true true true X 16229858 20303217 23994834 18343805 17905618 96777332 0 0 16229858 20303217 23994834 18343805 17905618 96777332 13851661 82925671 570806 846042 959024 1833445 2184017 6393334 0 1944403 702725 581569 582477 340473 4151647 107322313 83550961 0.77268 0.79888 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 1944403.0, COLUMN B - 702725.0, COLUMN C - 581569.0, COLUMN D - 582477.0, COLUMN E - 340473.0, COLUMN F - 4151647.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 70096817 216660 7123227 1322260 2314750 2670076 71129618 69913212 771004 7669700 1233990 2173110 4849999 70096817 68209620 1606129 5667917 1250570 2666000 1653884 69913212 78473388 3148797 -9812565 1170283 2429717 0 68209620 63967642 789706 16716040 975828 2024172 0 78473388 0.04 0.7 0.26 false false 8782717 8782717 103747601 56964787 46782814 8289251 6706173 1583078 5263955 2330428 2933527 60082136 Closely-held equity interests Financial derivatives PARTNERSHIPS AND OTHER 11098759 F 11098759 BENEFICIAL INTERESTS IN PERPETUAL TRUST 9053291 CONTRIBUTIONS RECEIVABLE 2140982 OTHER RECEIVABLE 829107 12023380 Federal Income Taxes ANNUITIES PAYABLE 105299 CAPITAL LEASE OBLIGATIONS 83661 US GOV'T ADVANCES FOR STUDENT 188960 X 38577634 1818384 48119 798473 2664976 35912658 7186354 7186354 43099012 35154879 48119 218408 266527 34888352 7186354 7186354 42074706 Schedule D, Part III, Line 1a Collections of art - financial statement footnote THE INSTITUTE OWNS A COLLECTION OF VARIOUS OBJECTS OF ART. THESE ITEMS ARE HELD FOR PUBLIC EXHIBITION RATHER THAN FOR FINANCIAL GAIN AND ARE KEPT PROTECTED AND PRESERVED. IT IS THE INSTITUTE'S POLICY TO USE ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. ACCORDINGLY, THE INSTITUTE DOES NOT RECOGNIZE CONTRIBUTIONS OF WORKS OF ART, NOR ARE WORKS OF ART CAPITALIZED AND RECORDED ON THE STATEMENT OF FINANCIAL POSITION. Schedule D, Part III, Line 4 Collections of art - description of collections THE ART COLLECTIONS AND ANTIQUITIES SUPPORT THE EDUCATIONAL PURPOSE OF THE INSTITUTE. STUDENTS MAJORING IN ART HISTORY AND ARTS MANAGEMENT ACT AS CURATORS AND MAINTAIN THE COLLECTIONS. STUDENTS ARE INVOLVED IN COLLEGE AND COMMUNITY EXHIBITIONS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE MAJORITY OF ENDOWMENT FUNDS ARE USED TO PROVIDE STUDENT SCHOLARSHIPS AND SUPPORT FOR INSTRUCTION, RESEARCH, AND ACADEMIC PROGRAMS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE INSTITUTE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXED UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. HOWEVER, CERTAIN INCOME UNRELATED TO ITS EXEMPT FUNCTION IS SUBJECT TO INCOME TAXATION. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED FOR UNCERTAINTY IN INCOME TAXES THAT BECAME EFFECTIVE FOR THE INSTITUTE ON JULY 1, 2009. MANAGEMENT BELIEVES THAT THE INSTITUTE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2025 AND 2024. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THE INSTITUTE HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2025 AND 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSES - 218408 CHANGE IN SPLIT INTEREST AGREEMENTS - 76323 UNREALIZED GAIN ON PERPETUAL TRUSTS - 503742 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS - 7186354 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 218408 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS - 7186354 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY SWEET BRIAR COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM LARGE GEOGRAPHICAL SECTIONS OF THE UNITED STATES AND FOREIGN COUNTRIES. THE COLLEGE FOLLOWS A RACIAL NONDISCRIMINATORY POLICY AND HAS COMPLIED WITH SECTION 4.02 OF THE INTERNAL REVENUE PROCEDURE 75-50. THE COLLEGE PUBLICIZES ITS NONDISCRIMINATORY POLICY IN ITS CATALOG. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT SWEET BRIAR COLLEGE PARTICIPATES IN A VARIETY OF FEDERAL FINANCIAL AID PROGRAMS INCLUDING THE FEDERAL WORK STUDY PROGRAM, SEOG, AND THE PELL GRANT PROGRAM. THE COLLEGE ALSO RECEIVES FEDERAL GRANTS AND CONTRACTS FOR ACADEMIC PROGRAMMING AND SCIENTIFIC RESEARCH. true South Asia 0 0 Program Services TUITION ASSISTANCE 658495 South America 0 0 Program Services TUITION ASSISTANCE 158300 Central America and the Caribbean 0 0 Program Services TUITION ASSISTANCE 74820 Sub-Saharan Africa 0 0 Program Services TUITION ASSISTANCE 30000 Russia and Neighboring States 0 0 Program Services TUITION ASSISTANCE 29160 Europe (Including Iceland and Greenland) 0 0 Program Services TUITION ASSISTANCE 26190 North America (Canada & Mexico only) 0 0 Program Services TUITION ASSISTANCE 15000 0 0 0 0 0 0 991965 0 991965 SCHOLARSHIPS TO FOREIGN STUDENTS South Asia 23 658495 PMT APPLIED SCHOLARSHIPS TO FOREIGN STUDENTS South America 6 158300 PMT APPLIED SCHOLARSHIPS TO FOREIGN STUDENTS Central America and the Caribbean 3 74820 PMT APPLIED SCHOLARSHIPS TO FOREIGN STUDENTS Sub-Saharan Africa 1 30000 PMT APPLIED SCHOLARSHIPS TO FOREIGN STUDENTS Russia and Neighboring States 1 29160 PMT APPLIED SCHOLARSHIPS TO FOREIGN STUDENTS Europe (Including Iceland and Greenland) 1 26190 PMT APPLIED SCHOLARSHIPS TO FOREIGN STUDENTS North America (Canada & Mexico only) 1 15000 PMT APPLIED false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds STUDENTS APPLY FOR SCHOLARSHIPS AND ARE AWARDED AMOUNTS THROUGH THE FINANCIAL AID PROCESS. THE FINANCIAL AID OFFICE DETERMINES THE AMOUNTS TO AWARD BASED ON CERTAIN CRITERIA AND AMOUNTS ARE DISBURSED AND POSTED TO STUDENT'S TUITION AND FEES ACCOUNT. SCHOLARSHIPS ARE CREDITED TO STUDENT TUITION ACCOUNTS AT SWEET BRIAR COLLEGE. ANY STUDENT ACCOUNT THAT HAS A CREDIT BALANCE AFTER POSTING THE SCHOLARSHIP AMOUNTS WILL BE REFUNDED BY COLLEGE CHECK. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual true SCHOLARSHIPS FOR STUDENTS TO ATTEND SWEET BRIAR 389 6194389 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds INSTITUTIONAL MERIT SCHOLARSHIPS ARE AWARDED ON THE BASIS OF DEMONSTRATED ACADEMIC EXCELLENCE AND PROMISE FOR FUTURE SUCCESS AT THE COLLEGE. WHILE A NUMBER OF FACTORS ARE CONSIDERED, THE COLLEGE RELIES HEAVILY ON THE EVALUATION OF HIGH SCHOOL COURSEWORK, HIGH SCHOOL GRADE POINT AVERAGES AND CLASS RANK, STANDARDIZED TEST SCORES, WRITTEN WORK AND LETTERS OF RECOMMENDATION. EXTRACURRICULAR INVOLVEMENT THAT DEMONSTRATES A PROMISE FOR SUCCESS AT THE COLLEGIATE LEVEL IS ALSO CONSIDERED. SCHOLARSHIP AWARDS ARE APPLIED TO THE STUDENT'S ACCOUNT FOR PAYMENT TOWARD TUITION, ROOM, BOARD AND FEES. X true true X X X X false false false false false false false false false MARY POPE HUTSON PRESIDENT 352625 0 0 0 0 0 21240 0 8976 0 382841 0 0 0 LUTHER GRIFFITH FORMER VP FINANCE, OPERATIONS & AUX 127191 0 0 0 0 0 288 0 0 0 127479 0 0 0 DR MEREDITH WOO FORMER PRESIDENT 200000 0 0 0 0 0 0 0 0 0 200000 0 0 0 PETER BRYAN VP FINANCE, OPERATIONS & AUX 224051 0 0 0 0 0 10708 0 16970 0 251729 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use RESIDENCE FOR PERSONAL USE: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT, SVP OF ALUMNAE RELATIONS & DEVELOPMENT, AND VP FOR ACADEMIC AFFAIRS/DEAN OF THE COLLEGE ARE REQUIRED TO LIVE IN THE SCHOOL'S HOUSES LOCATED ON THE CAMPUS. THESE RESIDENCES ARE PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICES EFFICIENTLY DISCHARGED. THIS HOUSING ALLOWANCE IS TREATED AS A NON TAXABLE BENEFIT. A INDUSTRIAL DEVELOPMENT AUTHORITY - TOWN OF AMHERST 546001113 031489BX4 2006-02-23 21041170 REFUNDING OF 1998A,1998B,1999-2002 false false false A 20865000 334871 2006 false true true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false false true false false false 0 false false false 0 false false false A false Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE THE TOTAL PROCEEDS OF ISSUE FOR THE 2006 BOND IS $176,170 LESS THAN THE ORIGINAL ISSUE PRICE DUE TO A REFUND OF THE BOND IN FISCAL YEAR 2012. 41 1820233 Other - AVG TRADING VALUE X HORSES 2 50000 Market value X MISC 23 181780 Market value 1 false true false Schedule M, Part I, Line 33 Noncash contribution amounts not reported THE INSTITUTE OWNS A COLLECTION OF VARIOUS OBJECTS OF ART. THESE ITEMS ARE HELD FOR PUBLIC EXHIBITION RATHER THAN FOR FINANCIAL GAIN AND ARE KEPT PROTECTED AND PRESERVED. IT IS THE INSTITUTE'S POLICY TO USE ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. ACCORDINGLY, THE INSTITUTE DOES NOT RECOGNIZE CONTRIBUTIONS OF WORKS OF ART, NOR ARE WORKS OF ART CAPITALIZED AND RECORDED ON THE STATEMENTS OF FINANCIAL POSITION. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION COMPENSATION FOR THE PRESIDENT IS DETERMINED BY INFORMATION PROVIDED TO THE COMPENSATION COMMITTEE, IS APPROVED BY THE BOARD, AND DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT. IN DETERMINING NEWLY HIRED EXECUTIVES' PAY, DATA IS ACQUIRED FROM SEARCH CONSULTANTS, REGIONAL SALARY SURVEYS AND GENERAL PAY RANGES THAT ARE LINKED IN GENERAL TERMS TO VARIOUS CUPA SURVEYS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 FORM AND REQUIRED SCHEDULES WERE REVIEWED BY MANAGEMENT PRIOR TO FILING. AN ELECTRONIC VERSION OF THE RETURN WAS MADE AVAILABLE TO THE OFFICERS AND DIRECTORS OF THE INSTITUTE PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE IN ACCORDANCE WITH THE SWEET BRIAR COLLEGE WRITTEN CONFLICT OF INTEREST POLICY. CONFLICT OF INTEREST FORMS ARE FILED WITH THE PRESIDENT'S OFFICE ANNUALLY AND ARE REVIEWED BY THE VP FOR FINANCE & AUXILIARY OPERATIONS AND THE BOARD'S AUDIT COMMITTEE. IN GENERAL, WHEN AN INDIVIDUAL COVERED BY THIS POLICY IS DEEMED TO BE IN A CONFLICT OF INTEREST SITUATION WITH RESPECT TO ANY MATTER BEFORE THE BOARD OR ADMINISTRATION, THAT INDIVIDUAL SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF ANY PROPOSED TRANSACTION WHICH MAY BE IMPAIRED BY THE POTENTIAL CONFLICT, UNLESS SPECIFICALLY REQUESTED TO PROVIDE INFORMATION REGARDING THE TRANSACTION IN QUESTION. SUCH PERSON SHALL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION, NOR SHALL SHE OR HE ATTEMPT TO INFLUENCE THE VOTES OR POSITIONS OF OTHERS. WHEN DEEMED APPROPRIATE, A NOTE IN THE MINUTES OF THE MEETING SHALL SPECIFY THAT THE PERSON INVOLVED NEITHER PARTICIPATED IN CONSIDERATION OF THE PROPOSED TRANSACTION NOR VOTED ON THE MATTER. IN ALL INSTANCES WHERE A CONFLICT OF INTEREST IS DETERMINED TO EXIST, SUCH CONFLICTS, AND THEIR REMEDY, SHALL BE DISCLOSED TO THE BOARD AT LEAST ANNUALLY. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 165900, Related or Exempt Function Revenue: 165900, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN SPLIT INTEREST AGREEMENTS - 76323; UNREALIZED GAIN ON PERPETUAL TRUSTS - 503742; Total - 580065; SWEET BRIAR FARM LLC 134 CHAPEL ROAD SWEET BRIAR VA 24595 933130441 GREENHOUSE VA 124674 2005825 SWEET BRIAR