Overview
What is William & Mary Foundation?
The William & Mary Foundation is a nonprofit organization situated in Williamsburg, Virginia. Its primary mission is to support the public university, William & Mary, located in the same state. They contribute to funding the salaries of professors and staff, as well as providing general support to the institution. The foundation's ultimate goal is to enhance and expand the important work carried out by William & Mary.
Official website here: www.wmf1693.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 98% (Four-Star out of Four Star rating)
The William & Mary Foundation has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. With an impressive score of 97 in Accountability & Finance, the organization demonstrates strong governance practices, including a fully independent board and robust financial oversight. Its program expense ratio of 87.80% reflects a significant commitment to its mission, ensuring that the majority of funds are allocated directly to programs rather than administrative costs.
Additionally, the foundation has scored a perfect 100 in the Culture & Community category, underscoring its dedication to engaging with constituents effectively. Feedback mechanisms are fully operational, with a consistent emphasis on incorporating constituent feedback into organizational practices. This level of responsiveness is complemented by a thorough approach to equity strategies, highlighting proactive efforts to foster inclusivity within the organization’s processes.
While the foundation shows outstanding strengths in both financial management and constituent engagement, the data does not mention any specific challenges or limitations faced by the organization. Overall, the William & Mary Foundation exemplifies best practices in nonprofit governance and community involvement, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is William & Mary Foundation legitimate?
William & Mary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. William & Mary Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.wmf1693.org
What is the mission statement of William & Mary Foundation?
The William & Mary Foundation is dedicated to assisting and enhancing the work of William & Mary, a public university in Virginia. Through proper and beneficial means, the foundation aims to aid, strengthen, and expand the university's endeavors. Specifically, the foundation supports the salaries of professors and other staff, as well as providing general financial assistance to William & Mary.
Official website here: www.wmf1693.org
Who is the CEO of William & Mary Foundation?
Unavailable The CEO's salary of William & Mary Foundation is $254,327 and their total compensation is $288,585.
Official website here: www.wmf1693.org
What is the revenue of William & Mary Foundation?
William & Mary Foundation's revenue in 2022 was $100,704,101.
Official website here: www.wmf1693.org
Who are the executives of William & Mary Foundation and what are their salaries?
There 39 volunteers at William & Mary Foundation.
Here are 46 key members and their salaries (William & Mary Foundation's CEO's salary is $254,327 and their total compensation is $288,585):
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- Other: $42,110
Official website here: www.wmf1693.org
Where can I find the form 990 for William & Mary Foundation?
William & Mary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmf1693.org
Learn more at the official website: www.wmf1693.org
Mission Statement of William & Mary Foundation
The William & Mary Foundation is a philanthropic organization dedicated to assisting and enhancing the work of William & Mary, a public university located in Virginia. In every appropriate and beneficial way, the Foundation strives to aid, strengthen, and expand the university's operations. This support encompasses faculty salaries and the hiring of additional staff, as well as various other forms of general financial assistance. By providing these resources, the William & Mary Foundation plays a crucial role in fostering the growth and success of the university and its academic community.
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Impact
October, 2024
The William & Mary Foundation significantly enhances the academic and operational capabilities of William & Mary, a distinguished public university in Virginia. By providing critical support for salaries of professors and staff, the foundation ensures that the university can attract and retain high-quality educators and researchers. This, in turn, enriches the educational experience for students and fosters a vibrant academic community.
Furthermore, the foundation's general support contributes to various initiatives and programs that strengthen the university's mission. This comprehensive backing not only aids in the expansion of educational offerings but also helps maintain the institution's reputation for excellence. Overall, the William & Mary Foundation plays an essential role in sustaining and advancing the university's commitment to delivering a top-tier education.
This information is meant to be a general summary of William & Mary Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $65,251,393
- Program Service Revenue: $3,410,413
- Gross Receipts: $271,900,687
Assets and Liabilities:
- Total Assets: $1,102,294,415
- Total Liabilities: $31,033,524
- Net Assets: $1,071,260,891
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT OF BUILDINGS TO W&M
Revenue
$908,654
Management Fees - Related Orgs
Revenue
$2,501,759
Organization Details
Founding Year
1939
Phone
(757) 221-1906Main Address
5300 DISCOVERY PARK BLVD 3rd FLOOR, WILLIAMSBURG, VA, 231882695
Website
www.wmf1693.orgNTEE Category
Code: B11 - Education
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