Charity Search / WILLIAM & MARY FOUNDATION
Education (B11) IRS Verified DX Registered 990 on File

WILLIAM & MARY FOUNDATION

EIN: 54-0734117 · WILLIAMSBURG, VA 23188-2695 · United States · FY 2023 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 79/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
CharityAI™ Score
Not yet evaluated
Mission Statement

The College of William & Mary, a public university in Williamsburg Virginia, is the second-oldest institution of higher learning in the United States. Established in 1693 by British royal charter, William & Mary is proud of its role as the Alma Mater of generations of American patriots, leaders and public servants. Now, in its fourth century, it continues this tradition of excellence by combining the best features of an undergraduate college with the opportunities offered by a modern research university. Its moderate size, dedicated faculty, and distinctive history give William & Mary a unique character among public institutions, and create a learning environment that fosters close interaction among students and teachers. The university's predominantly residential undergraduate program provides a broad liberal education in a stimulating academic environment enhanced by a talented and diverse student body. This nationally acclaimed undergraduate program is integrated with selected graduate and professional programs in five faculties -- Arts and Sciences, Business, Education, Law, and Marine Science. Masters and doctoral programs in the humanities, the sciences, the social sciences, business, education, and law provide a wide variety of intellectual opportunities for students at both graduate and undergraduate levels. At William & Mary, teaching, research, and public service are linked through programs designed to preserve, transmit, and expand knowledge. Effective teaching imparts knowledge and encourages the intellectual development of both student and teacher. Quality research supports the educational program by introducing students to the challenge and excitement of original discovery, and is a source of the knowledge and understanding needed for a better society. The university recognizes its special responsibility to the citizens of Virginia through public and community service to the Commonwealth as well as to national and international communities.

Financial Overview — FY 2023
$41.1M
Total Revenue
$52.6M
Total Expenses
$1100.3M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.1%
Fundraising Efficiency N/A
Operating Reserve 251.04x
Liability-to-Asset 3.0%
Revenue Diversification 49.0%
Compared with Peers
FY 2023
Compared with 3,577 similar organizations (United States, Education, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
88.1% 84.4%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
4.0% 13.5%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
7.8% 0.7%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
251.0 mo 10.9 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
3.0% 34.2%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
49.0% 87.3%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-59.2% 4.8%
P10P90
Expense growth
Year over year expense growth
24.4% 8.5%
P10P90
Surplus margin
Surplus as a share of revenue
-28.1% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $41.1M $52.6M $1100.3M 88.1% 0
2022 $100.7M $42.3M $1071.3M 88.1% 0
2021 $79.4M $39.0M N/A — 0
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Organization Details
EIN
54-0734117
State
VA
City
WILLIAMSBURG
ZIP
23188-2695
Classification
B11
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
Foundation Code
13
Form 990
On File
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