2026-03-27T11:48:49-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-07-01 546046419 UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION UNIV 4349244841 PO BOX 7263 CHARLOTTESVILLE VA 22906 MEGAN B WINTER TREASURER, SR ASSOC VP FINANCE 4349244841 2026-03-27 1 0 X MARY TORRETTA P00847851 3128560200 2024 2025-03-06 01:10:19Z ROBERT WEILER PO BOX 7263 CHARLOTTESVILLE VA 22906 259994313 0 X WWW.DARDEN.VIRGINIA.EDU X 1952 VA SEE SCHEDULE OTHE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE BENEFIT OF THE DARDEN SCHOOL, OPERATES TOP-RANKED EXECUTIVE EDUCATION AND LIFELONG LEARNING PROGRAMS, MANAGES HOSPITALITY SERVICES AT THE FORUM HOTEL AND AT THE SCHOOL'S GOODWIN FAMILY GROUNDS AND SANDS FAMILY GROUNDS LOCATIONS, AND PROMOTES PHILANTHROPIC LIFE-LONG SUPPORT OF THE SCHOOL BY ALUMNI, FRIENDS AND CORPORATIONS. 51 49 104 860 18570853 0 22879574 74205798 54704559 58925064 25133365 23410924 55575 1572894 102773073 158114680 30338153 36613783 0 0 26417269 27347954 0 0 4107598 45430594 43477762 102186016 107439499 587057 50675181 743337770 834090344 92902493 101046123 650435277 733044221 X SEE SCHEDULE OTHE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE BENEFIT OF THE DARDEN SCHOOL, OPERATES TOP-RANKED EXECUTIVE EDUCATION AND LIFELONG LEARNING PROGRAMS, MANAGES HOSPITALITY SERVICES AT THE FORUM HOTEL AND AT THE SCHOOL'S GOODWIN FAMILY GROUNDS AND SANDS FAMILY GROUNDS LOCATIONS, AND PROMOTES PHILANTHROPIC LIFE-LONG SUPPORT OF THE SCHOOL BY ALUMNI, FRIENDS AND CORPORATIONS. 0 0 95727366 36613783 40358711 THE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE BENEFIT OF THE DARDEN SCHOOL, OPERATES TOP-RANKED EXECUTIVE EDUCATION AND LIFELONG LEARNING PROGRAMS, MANAGES HOSPITALITY SERVICES AT THE FORUM HOTEL AND AT THE SCHOOL'S GOODWIN FAMILY GROUNDS AND SANDS FAMILY GROUNDS LOCATIONS, AND PROMOTES PHILANTHROPIC LIFE-LONG SUPPORT OF THE SCHOOL BY ALUMNI, FRIENDS AND CORPORATIONS. 95727366 1 1 0 0 0 0 0 0 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 0 0 0 0 1 290 0 1 104 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 51 49 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CA HI IL KY MD MA MI MN NH NJ NY OR PA SC WV WI X MEGAN WINTER 4342438292 20 DUFFY BLVD CHARLOTTESVILLE VA 22903 YAEL GRUSHKA-COCKAYNE EX-OFFICIO TRUSTEE 1.00 0.00 X 201562 0 0 RICHARD B EVANS EX-OFFICIO TRUSTEE 1.00 0.00 X 57605 0 0 MARTINA T HUND-MEJEAN IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 FRANK M SANDS CHAIR 1.00 0.00 X X 0 0 0 JOHN D FOWLER JR VICE CHAIR 1.00 0.00 X X 0 0 0 ROBERT J HUGIN TRUSTEE 1.00 0.00 X 0 0 0 H WILLIAM COOGAN JR TRUSTEE 1.00 0.00 X 0 0 0 JAMES A COOPER TRUSTEE 1.00 0.00 X 0 0 0 GUILLAUME M CUVELIER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT G DOUMAR JR TRUSTEE 1.00 0.00 X 0 0 0 DEBRA D DRAUGHAN TRUSTEE 1.00 0.00 X 0 0 0 FRANKLIN S EDMONDS JR TRUSTEE 1.00 0.00 X 0 0 0 ARNOLD B EVANS TRUSTEE 1.00 0.00 X 0 0 0 CATHERINE J FRIEDMAN TRUSTEE 1.00 0.00 X 0 0 0 KIRSTI W GOODWIN TRUSTEE 1.00 0.00 X 0 0 0 PETER M GRANT II TRUSTEE 1.00 0.00 X 0 0 0 OWEN D GRIFFIN JR TRUSTEE 1.00 0.00 X 0 0 0 JOHN P BOLDUC TRUSTEE 1.00 0.00 X 0 0 0 MARK J KINGTON TRUSTEE 1.00 0.00 X 0 0 0 DAVID M LACROSS TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS R LEBDA TRUSTEE 1.00 0.00 X 0 0 0 LEMUEL E LEWIS TRUSTEE 1.00 0.00 X 0 0 0 AMANDA LOZANO TRUSTEE 1.00 0.00 X 0 0 0 RICHARD A MAYO TRUSTEE 1.00 0.00 X 0 0 0 DONALD E MOREL JR PHD TRUSTEE 1.00 0.00 X 0 0 0 KIMBERLY B MORRISH TRUSTEE 1.00 0.00 X 0 0 0 ADAIR NEWHALL TRUSTEE 1.00 0.00 X 0 0 0 G RUFFNER PAGE JR TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM H PAYNE II TRUSTEE (THRU 12/24) 1.00 0.00 X 0 0 0 ERIK A SLINGERLAND PHD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT W SMITH TRUSTEE 1.00 0.00 X 0 0 0 SHANNON G SMITH TRUSTEE 1.00 0.00 X 0 0 0 SUSAN N SOBBOTT TRUSTEE 1.00 0.00 X 0 0 0 MARK J STYSLINGER TRUSTEE 1.00 0.00 X 0 0 0 BRUCE R THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 LOWELL S UKROP TRUSTEE 1.00 0.00 X 0 0 0 STEVEN C VOORHEES TRUSTEE 1.00 0.00 X 0 0 0 SCOTT C BEARDSLEY EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 MICHELLE B HORN EX-OFFICIO TRUSTEE (THRU 02/25) 1.00 0.00 X 0 0 0 MARIETTA EDMUNDS ZAKAS TRUSTEE 1.00 0.00 X 0 0 0 CONSTANCE J HALLQUIST TRUSTEE 1.00 0.00 X 0 0 0 PAUL G MAHONEY EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 BEVERLY B LADLEY TRUSTEE 1.00 0.00 X 0 0 0 CHARLES E POSTON JR EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 JAMES E RYAN EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 CARL E PEOPLES TRUSTEE 1.00 0.00 X 0 0 0 MATTHEW J REINTJES TRUSTEE 1.00 0.00 X 0 0 0 CYNTHIA K SOLEDAD EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 ANAND E STANLEY TRUSTEE 1.00 0.00 X 0 0 0 NICOLE M LINDSAY TRUSTEE 1.00 0.00 X 0 0 0 DIEM HD NGUYEN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL SABEL TRUSTEE 1.00 0.00 X 0 0 0 EDWARD W VALENTINE TRUSTEE 1.00 0.00 X 0 0 0 HEATHER L ENOS THRU 0125 CFO, TREASURER AND SVP 50.00 0.00 X 323617 0 43653 MEGAN B WINTER BEG 0125 TREAS., SR ASSOCIATE VP OF FINANCE 50.00 0.00 X 141810 0 52111 SHAELE N CULBREATH - SECRETARY SR ASSOCIATE VP FOR ENGAGEMENT 50.00 0.00 X 193685 0 37563 ROBERT W WEILER PRESIDENT 50.00 0.00 X 571306 0 67479 ASHLEY M WILLIAMS CEO/CLO, EELL 50.00 0.00 X 652566 0 136598 SAMANTHA G HARTOG SR ASSOCIATE VP FOR ADVANCEMENT 50.00 0.00 X 266657 0 38530 ANNE M TRUMBORE CHIEF DIGITAL LEARNING OFFICER 50.00 0.00 X 318595 0 48353 WILLIAM S ROBINSON EXECUTIVE DIRECTOR, PLE 50.00 0.00 X 225932 0 30765 LISA H CANNELL MANAGING DIRECTOR, EELL 50.00 0.00 X 265023 0 46191 TY A SCHIEBER MANAGING DIRECTOR, EELL 50.00 0.00 X 220530 0 41123 DEVIN W BIGONESS CHIEF CLIENT OFFICER 50.00 0.00 X 318679 0 40412 3757567 0 582778 42 0 1 0 UNIVERSITY OF VIRGINIA INVESTMENT MGMT PO BOX 400215 CHARLOTTESVILLE VA 22906 INVESTMENT MANAGEMENT 816495 KIMPTON HOTEL & RESTAURANT GROUP 222 KEARNY ST STE 200 SAN FRANCISCO CA 94108 HOSPITALITY MANAGEMENT 641678 UNIVERSITY OF VIRGINIA FACILITIES MGMT PO BOX 400215 CHARLOTTESVILLE VA 22904 PROJECT MANAGEMENT 620193 WEST MONROE HOLDINGS LLC 311 WEST MONROE STREET 14TH FLOOR CHICAGO IL 60606 DATA MANAGEMENT 439740 CALLOWAY CONTRACTING GROUP LLC 44225 MERCURE CIR STE 290 STERLING VA 20166 CONSTRUCTION 326963 34 74205798 1802691 74205798 EXECUTIVE EDUCATION 721110 58925064 40358711 18566353 58925064 3452837 3452837 121837720 101879633 19958087 19958087 19958087 OTHER INCOME 900099 1568394 1568394 ADVERTISING REVENUE 900099 4500 4500 1572894 158114680 40358711 18570853 24979318 X 36613783 36613783 2836713 967035 1477439 392239 19038230 15820040 1317270 1900920 1471457 1148162 133624 189671 1802207 1442034 190749 169424 2199347 1962520 96808 140019 955594 955594 84994 24671 60323 71237 71237 1051116 1051116 11663139 11384732 229675 48732 2376092 2161427 19699 194966 3047926 3027650 5669 14607 1702233 1392200 299515 10518 107821 107821 4201194 4056571 87524 57099 2907691 2369840 216478 321373 785999 448684 93146 244169 1772321 1772321 7625626 6934415 307663 383548 311891 233761 78130 HOSPITALITY EXPENSES 3582183 3582183 OTHER EXPENSES 1230705 1094243 96149 40313 107439499 95727366 7604535 4107598 15343539 22336325 28457084 50818329 7284096 7098474 1551989 1629320 161988653 19646379 147377930 142342274 80762500 101076544 403227423 437758233 59333209 71030845 743337770 834090344 4521685 6556816 2082454 2862797 63389537 61731727 22908817 29894783 92902493 101046123 X 143764356 137996816 506670921 595047405 650435277 733044221 743337770 834090344 X 50675181 34108726 -2174963 X 0 1 X 1 0 X 34839249 31645857 38802423 22879574 74205798 202372901 34839249 31645857 38802423 22879574 74205798 202372901 69752362 132620539 236958 325024 2320187 3982232 3452837 10317238 78683 3767 33327 35325 1568394 1719496 214409635 158700641 0.61850 0.76850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 78,683. 2021 AMOUNT: $ 3,767. 2022 AMOUNT: $ 33,327. 2023 AMOUNT: $ 35,325. 2024 AMOUNT: $ 1,568,394. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 493254680 42417967 54199979 30773884 1157396 557941346 486212335 13446376 32050203 37160124 1294110 493254680 521617349 16650214 9848758 60822782 1081204 486212335 571520608 22132049 -29263246 41660272 1111790 521617349 415386731 18048648 163942942 25159998 697715 571520608 0.10000 0.46900 0.43100 0 0 8354275 8354275 111507238 6269337 105237901 25795700 5210451 20585249 13804463 5726702 8077761 2526977 2439889 87088 142342274 UVIMCO MANAGED FUNDS 437758233 F 437758233 RIGHTS OF OCCUPANCY 21646799 INTEREST RATE SWAPS 11374631 RIGHT-OF-USE ASSET 22050515 RESTRICTED CASH 1075091 OTHER ASSETS 14883809 71030845 OPERATING LEASE LIABILITY 27980517 OTHER LIABILITIES 1914266 29894783 X 168099500 34108726 1676525 35785251 132314249 1051116 24749315 25800431 158114680 83315593 1676525 1676525 81639068 1051116 24749315 25800431 107439499 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT SUPPORTS THE DARDEN SCHOOL BY FUNDING SCHOLARSHIPS, PROFESSORSHIPS, RESEARCH, EDUCATIONAL PROGRAMS, AND ALUMNI SERVICES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS HOSPITALITY EXPENSES 24,749,315. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS HOSPITALITY EXPENSES 24,749,315. 1 UNIVERSITY OF VIRGINIA PO BOX 400222 CHARLOTTESVILLE VA 22906 546001796 501(C)(3) 36613783 0 SEE PART IV 1 0 PART I, LINE 2: THE DARDEN SCHOOL'S FINANCE TEAM REVIEWS SUPPORTING DOCUMENTS TO ENSURE COMPLIANCE WITH THE DONOR'S RESTRICTED PURPOSE PRIOR TO REQUESTING FUNDING FROM THE FOUNDATION. THE DARDEN SCHOOL RECEIVES A PERIODIC REVIEW BY THE UVA INTERNAL AUDIT DEPARTMENT TO ENSURE DONOR INTENTION IS MET. RESULTS OF THE REVIEW ARE PROVIDED TO DARDEN SCHOOL FOUNDATION MANAGEMENT. PART II: GRANTS TO THE UNIVERSITY OF VIRGINIA SUPPORT THE DARDEN SCHOOL BY FUNDING SCHOLARSHIPS, PROFESSORSHIPS, RESEARCH, EDUCATIONAL PROGRAMS, AND ALUMNI SERVICES. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 ASHLEY M WILLIAMS CEO/CLO, EELL 367486 0 177730 0 107350 0 109640 0 26958 0 789164 0 92365 0 ROBERT W WEILER PRESIDENT 486518 0 84788 0 0 0 43134 0 24345 0 638785 0 0 0 HEATHER L ENOS THRU 0125 CFO, TREASURER AND SVP 281693 0 41924 0 0 0 29718 0 13935 0 367270 0 0 0 ANNE M TRUMBORE CHIEF DIGITAL LEARNING OFFICER 253896 0 64699 0 0 0 27251 0 21102 0 366948 0 0 0 DEVIN W BIGONESS CHIEF CLIENT OFFICER 254929 0 63750 0 0 0 26852 0 13560 0 359091 0 0 0 LISA H CANNELL MANAGING DIRECTOR, EELL 189896 0 75127 0 0 0 20383 0 25808 0 311214 0 0 0 SAMANTHA G HARTOG SR ASSOCIATE VP FOR ADVANCEMENT 266657 0 0 0 0 0 27846 0 10684 0 305187 0 0 0 TY A SCHIEBER MANAGING DIRECTOR, EELL 183320 0 37210 0 0 0 19285 0 21838 0 261653 0 0 0 WILLIAM S ROBINSON EXECUTIVE DIRECTOR, PLE 225932 0 0 0 0 0 24004 0 6761 0 256697 0 0 0 SHAELE N CULBREATH - SECRETARY SR ASSOCIATE VP FOR ENGAGEMENT 193685 0 0 0 0 0 20681 0 16882 0 231248 0 0 0 YAEL GRUSHKA-COCKAYNE EX-OFFICIO TRUSTEE 201562 0 0 0 0 0 0 0 0 0 201562 0 0 0 MEGAN B WINTER BEG 0125 TREAS., SR ASSOCIATE VP OF FINANCE 140106 0 1500 0 204 0 16110 0 36001 0 193921 0 0 0 PART I, LINE 1A THROUGH THE FOUNDATION'S STANDARD BENEFITS PACKAGE, THE FOUNDATION WILL SUBSIDIZE $195 OF THE COST OF MEMBERSHIP TO THE UVA GYM FOR BENEFITS ELIGIBLE EMPLOYEES ANNUALLY. SCOTT BEARDSLEY, DEAN OF THE DARDEN SCHOOL OF BUSINESS AND EX-OFFICIO TRUSTEE OF THE FOUNDATION, IS ELIGIBLE FOR FIRST-CLASS TRAVEL TO INTERNATIONAL DESTINATIONS. PART I, LINE 4B THE FOUNDATION ESTABLISHED A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER 457(F) WHICH COVERS CERTAIN EXECUTIVES. AT THE END OF EACH FISCAL YEAR, THE COMPENSATION COMMITTEE MAY APPROVE A CONTRIBUTION TO BE CREDITED TO EACH PARTICIPANT'S ACCOUNT BASED ON PREDETERMINED METRICS. CONTRIBUTIONS MADE BY THE FOUNDATION FOLLOW A THREE-YEAR GRADED VESTING SCHEDULE. FOR TAX YEAR 2024, THE FOUNDATION CONTRIBUTED $70,380 AND PAID OUT $107,350 FOR ASHLEY WILLIAMS'S PLAN. PART I, LINE 7 THE FOUNDATION'S OFFICERS AND ALL OTHER EMPLOYEES ARE PAID BONUSES DETERMINED BY VARIOUS CRITERIA. THIS CRITERIA MAY INCLUDE, BUT IS NOT LIMITED TO, INDIVIDUAL GOALS AND OBJECTIVES AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS. THE ACCOMPLISHMENT OF THOSE GOALS AND OBJECTIVES FOR ALL EMPLOYEES IS REVIEWED BY MANAGEMENT. BONUSES FOR CERTAIN OFFICERS AND CERTAIN KEY EMPLOYEES ARE APPROVED BY THE BOARD COMPENSATION COMMITTEE AS PART OF THE OVERALL COMPENSATION REVIEW OF THOSE OFFICERS AND KEY EMPLOYEES. X 65 1797791 FMV X 1 4400 FMV X GIFT CARDS 1 500 FMV 0 1 0 PART I, COLUMN (B): COLUMN (B) OF PART I REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE AUTHORITY OR DELEGATION OF THE BOARD OF TRUSTEES IS AS FOLLOWS: THE EXECUTIVE COMMITTEE HOLDS THE AUTHORITY OF THE BOARD OF TRUSTEES IN DIRECTING THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE FOUNDATION, EXCEPT THAT NO COMMITTEE HAS THE POWER OR AUTHORITY TO I) FILL VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES; II) AMEND THE ARTICLES OF INCORPORATION; III) ADOPT, AMEND, OR REPEAL THE BY-LAWS; IV) APPROVE A PLAN OF MERGER OR CONSOLIDATION; V) APPROVE THE SALE, LEASE OR EXCHANGE, OR THE MORTGAGE, PLEDGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE FOUNDATION; OR VI) APPROVE THE REVOCATION OF THE VOLUNTARY DISSOLUTION PROCEEDINGS. THE EXECUTIVE COMMITTEE MUST PROVIDE A FULL REPORT OF ITS ACTIONS TO THE BOARD OF TRUSTEES AT THE REGULAR BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 2 EX-OFFICIO TRUSTEE SCOTT BEARDSLEY AND TRUSTEE MARK STYSLINGER HAVE A BUSINESS RELATIONSHIP. SCOTT BEARDSLEY SERVES AS A MEMBER OF THE BOARD OF DIRECTORS FOR A COMPANY IN WHICH MARK STYSLINGER HAS AN OWNERSHIP INTEREST. FORM 990, PART VI, SECTION B, LINE 11B AFTER INTERNAL REVIEW, THE TREASURER AND SENIOR ASSOCIATE VICE PRESIDENT OF FINANCE REVIEWS THE FORM 990 WITH THE AUDIT AND FINANCE COMMITTEE AND ADDRESSES QUESTIONS FROM THE COMMITTEE. ELECTRONIC COPIES OF THE FORM 990 ARE PROVIDED TO THE FULL BOARD IN ADVANCE OF FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH FISCAL YEAR, THE FOUNDATION DISTRIBUTES A COPY OF ITS CONFLICT OF INTEREST POLICY, POLICY ON UNIVERSITY OF VIRGINIA AFFILIATED FOUNDATIONS, AND CONFLICT OF INTEREST FORM TO THE FOUNDATION'S TRUSTEES, OFFICERS AND KEY EMPLOYEES. INDIVIDUALS ARE REQUIRED TO DISCLOSE ACTIVITIES FOR BOTH THE PRIOR AND CURRENT FISCAL YEARS. ANY TRUSTEE WHO HAS NOT COMPLETED HIS/HER CONFLICT OF INTEREST FORM BY THE SPRING BOARD MEETING IS ASKED TO ABSTAIN FROM VOTING ON ANY MATTERS UNTIL THEIR CONFLICT OF INTEREST FORM IS COMPLETED. THE CHAIR OF THE NOMINATING AND GOVERNANCE COMMITTEE WILL DISCUSS WITH ANY TRUSTEE WHO HAS NOT COMPLETED HIS/HER COI FORM AND/OR ATTENDED BOARD MEETINGS TO DETERMINE NECESSARY ACTION, AS NEEDED. STAFF SHARES ANY FORMS WITH DISCLOSURES WITH THE FULL NOMINATING AND GOVERNANCE COMMITTEE FOR REVIEW, DISCUSSION AND VOTES ON ADDRESSING THE CONFLICT AND/OR OUTLINES THE PROTOCOL FOR HOW THE CONFLICT WILL BE MANAGED. LEGAL COUNSEL IS CONSULTED TO ADDRESS MANAGEMENT AND/OR QUESTIONS REGARDING CONFLICT DISCLOSURES ON AN AS NEEDED BASIS. ALTHOUGH DETERMINED ON A CASE BY CASE BASIS, PAST PRACTICES FOR MANAGING CONFLICTS INCLUDE: TRUSTEE HAVING A CONFLICT IN CONNECTION WITH A SPECIFIC MATTER THAT IS RAISED AS PART OF THE NORMAL COURSE OF BOARD BUSINESS WOULD RECUSE HIM/HERSELF FROM THE DISCUSSION AND/OR ABSTAIN FROM ANY RELATED BOARD VOTES. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION FOR CERTAIN FOUNDATION OFFICERS AND CERTAIN KEY EMPLOYEES IS APPROVED BY THE BOARD COMPENSATION COMMITTEE IN ACCORDANCE WITH THE IRS REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD. EXECUTIVE COMPENSATION INCLUDES A BONUS WHICH IS BASED ON KEY METRICS, ESTABLISHED BY THE COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE BOARD COMPENSATION COMMITTEE REVIEWS THOSE EMPLOYEES DEEMED TO BE DISQUALIFIED AS DEFINED BY THE IRS. THEY REVIEW AND APPROVE ALL FACETS OF EXECUTIVE COMPENSATION FOR THE UPCOMING FISCAL YEAR. AT THE CONCLUSION OF THE TAX YEAR, THE COMMITTEE REVIEWS RELEVANT CRITERIA FOR INCENTIVE COMPENSATION AND APPROVES ANY BONUSES FOR OFFICERS AND CERTAIN KEY EMPLOYEES AS PART OF THEIR OVERALL COMPENSATION REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 3,988,562. MANAGEMENT AND GENERAL EXPENSES 229,675. FUNDRAISING EXPENSES 46,406. TOTAL EXPENSES 4,264,643. COMMISSIONS: PROGRAM SERVICE EXPENSES 853,196. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 853,196. TEACHING FEES: PROGRAM SERVICE EXPENSES 6,388,879. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,388,879. TEMPORARY STAFFING: PROGRAM SERVICE EXPENSES 154,095. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,326. TOTAL EXPENSES 156,421. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAPS -2,174,963. THE FORUM HOTEL LLC 540 MASSIE ROAD CHARLOTTESVILLE VA 22903 331841880 HOSPITALITY VA 4836997 4912799 UVA DARDEN SCHOOL FOUNDATION