William & Mary Foundation
Secures and manages private philanthropic gifts to support, strengthen, and expand the educational mission and programs of William & Mary university. For fiscal year 2024 it reported $191.2M in revenue, $67.1M in expenses, and $1.4B in net assets.Pt I
- Founded
- 1939
- Type
- Public charity (501(c)(3)) · Education
- Location
- Williamsburg, VA
- Website
- wmf1693.org
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Where the work happens
The foundation provides funding to support the salaries of faculty, administrative staff, and other personnel at william & mary. It also supplies general operating support to advance the university's academic mission, strategic priorities, and overall institutional excellence. Additional details can be found in part ix and schedule I.
The foundation provides financial assistance to william & mary students through scholarships. This support helps expand access, promote affordability , and enable students to pursue and complete their education.
The foundation provides financial support to organizations affiliated with or related to william & mary. These contributions help strengthen collaborative initiatives, extend the university's impact, and support activities aligned with its mission and values. Additional details can be found in part ix and schedule I.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
F Brian Hiestand’s $664K as Chief Investment Officer, 1693 Partners Fund is at the 57th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| F Brian Hiestand | $664,032 | $384,314 | $866,051 | $488,797 | $560,495 |
| Catherine Mountjoy | $427,250 | $315,856 | $511,339 | $343,425 | $375,301 |
| Matthew T Lambert | $332,250 | $257,228 | $219,040 | $254,327 | $433,726 |
| Amy S Sebring | — | — | $92,188 | $88,165 | $326,267 |
| William D Copan JR | — | — | $195,079 | $227,806 | $184,671 |
| Karyn a Tancredi | — | — | $165,199 | $154,140 | $149,061 |
| Bruce G Aird | $150,783 | $129,582 | — | — | — |
| Julie S Leach | $111,885 | $96,681 | $91,834 | $74,492 | $61,889 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 4% | — | — |
| Fundraising cost ratio | 7% | — | — |
| Revenue growth | 18% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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