TO AID, STRENGTHEN AND EXPAND, IN EVERY PROPER AND USEFUL WAY, THE WORK OF WILLIAM & MARY, A PUBLIC UNIVERSITY IN VIRGINIA.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3B
+14.1% YoY
Annual Giving
$60.7M
+42.7% YoY
Grant Count
26
+13.0% YoY
Avg Grant Size
$2.3M
+26.2% YoY
About William & Mary Foundation
Based on IRS filings
William & Mary Foundation is a nonprofit organization focused on Education, based in WILLIAMSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3B in total assets. In 2024, it awarded 26 grants totaling $60.7M. Net investment income was $26.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,294,159,126 | $1,134,029,696 | $1,102,294,415 |
| Revenue | $161,638,025 | $41,051,162 | $100,704,101 |
| Expenses | $72,625,450 | $52,596,974 | $42,267,429 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $26,701,323 | $17,530,373 | $65,251,393 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include William & Mary ($15,860,686), William & Mary ($13,145,100), William & Mary ($5,547,002).
| Recipient | Purpose | Amount |
|---|---|---|
| WILLIAM & MARY WILLIAMSBURG, VA | Scholarships | $13,145,100 |
| WILLIAM & MARY WILLIAMSBURG, VA | Center for the Visual Arts | $15,860,686 |
| WILLIAM & MARY WILLIAMSBURG, VA | Advancement Funding | $4,030,927 |
| WILLIAM & MARY WILLIAMSBURG, VA | Athletic Complex Fund | $3,800,473 |
| WILLIAM & MARY WILLIAMSBURG, VA | Professorships | $3,234,360 |
| WILLIAM & MARY WILLIAMSBURG, VA | Intercollegiate Athletics | $2,289,783 |
| WILLIAM & MARY WILLIAMSBURG, VA | Soccer/Lacrosse Practice Fields | $1,952,252 |
| WILLIAM & MARY WILLIAMSBURG, VA | University Strategic Priorities | $1,542,452 |
| WILLIAM & MARY WILLIAMSBURG, VA | Institute, Integrative Conserve Fund | $1,492,798 |
| WILLIAM & MARY WILLIAMSBURG, VA | Library Enhancements, Support and Administration | $1,256,525 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DARPAN S KAPADIA | TRUSTEE/VICE CHAIRPERSON FOR DEVELOPMENT STRATEGY | 1 | — |
| ELIZABETH CABELL JENNINGS | TRUSTEE/VICE CHAIRPERSON FOR INVESTMENTS | 1 | — |
| JANET R ATWATER | TRUSTEE/CHAIRPERSON OF THE BOARD | 1 | — |
| TERI DALE DUNGAN | TRUSTEE/SECRETARY | 1 | — |
| A Clayton Perfall | TRUSTEE (TERM BEGAN 10/23) | 1 | — |
| ANDREW W HORROCKS | TRUSTEE | 1 | — |
| CHET M THAKER | TRUSTEE | 1 | — |
| CHRISTINE MARIE VILLA | TRUSTEE | 1 | — |
| CLIFFORD B FLEET III | TRUSTEE | 1 | — |
| DAVID N KELLEY | TRUSTEE | 1 | — |
| DAVID R COVIN | TRUSTEE | 1 | — |
| DAWN M AARON | TRUSTEE | 1 | — |
| DR STEPHEN S TANG | TRUSTEE | 1 | — |
| EUGENE P FOLEY JR | TRUSTEE | 1 | — |
| FRANCES C ENGORON | TRUSTEE | 1 | — |
| HILARY GRANT DIXON | TRUSTEE | 1 | — |
| HYLAH B BALLOWE | TRUSTEE | 1 | — |
| J SCOTT PERKINS | TRUSTEE | 1 | — |
| JAMES E MALLORY | TRUSTEE | 1 | — |
| JANE CHURCH HORVATH | TRUSTEE | 1 | — |
| JENNIFER T MACKESY | TRUSTEE (TERM ENDED 10/23) | 1 | — |
| JILL MARIE LORD | TRUSTEE | 1 | — |
| JODY W FORSYTH | TRUSTEE | 1 | — |
| JOHN E SIMMONS | TRUSTEE (TERM ENDED 10/23) | 1 | — |
| KARLA MUNDEN | TRUSTEE | 1 | — |
| KATHERINE A ROWE | TRUSTEE/ VOTING EX-OFFICIO | 1 | — |
| LOUIS GERARD DUDNEY | TRUSTEE | 1 | — |
| MARK C BUSH | TRUSTEE (TERM ENDED 10/23) | 1 | — |
| MASHEA M ASHTON | TRUSTEE | 1 | — |
| MELISSA D FRIEDERY | TRUSTEE (TERM ENDED 10/23) | 1 | — |
| MICHAEL C PETTERS | TRUSTEE/VOTING EX-OFFICIO | 1 | — |
| MICHAEL C SAPNAR | TRUSTEE | 1 | — |
| MICHAEL K POWELL | TRUSTEE (TERM ENDED 10/23) | 1 | — |
| PAMELA JORDAN PENNY | TRUSTEE | 1 | — |
| PENELOPE H MEREDITH | TRUSTEE | 1 | — |
| RAELENE C WAGONER | TRUSTEE | 1 | — |
| SHELLEY B GOODE | TRUSTEE | 1 | — |
| Sue Hanna Gerdelman | TRUSTEE (TERM BEGAN 10/23) | 1 | — |
| Timothy J Carroll | TRUSTEE (TERM BEGAN 10/23) | 1 | — |
| TODD A STOTTLEMYER | TRUSTEE | 1 | — |
| TODD ANDREW HOWARD | TRUSTEE | 1 | — |
| BRUCE G AIRD | CHIEF FINANCIAL OFFICER AND TREASURER | 48 | $129,582 |
| JULIE S LEACH | EXECUTIVE DIRECTOR | 32 | $96,681 |
| MATTHEW T LAMBERT | CHIEF EXECUTIVE OFFICER | 30 | $257,228 |
| CATHERINE MOUNTJOY | CHIEF OPERATING OFFICER, 1693 PARTNERS FUND | 5 | $315,856 |
| F BRIAN HIESTAND | CHIEF INVESTMENT OFFICER, 1693 PARTNERS FUND | 10 | $384,314 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is William & Mary Foundation?
William & Mary Foundation is a nonprofit organization focused on Education, based in WILLIAMSBURG, VA. It holds $1.3B in total assets as of 2024.
How large is William & Mary Foundation?
As of 2024, William & Mary Foundation holds $1.3B in total assets with $161.6M in annual revenue. It awarded 26 grants totaling $60.7M in 2024.
Where does William & Mary Foundation operate?
William & Mary Foundation has awarded grants in Virginia.
What size grants does William & Mary Foundation award?
In 2024, William & Mary Foundation awarded 26 grants totaling $60.7M — an average of about $2.3M per grant, based on its IRS Form 990 filings.
What is William & Mary Foundation's EIN?
William & Mary Foundation's EIN (Employer Identification Number) is 54-0734117. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in William & Mary Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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