The W&M Foundation is organized and operated exclusively for charitable, scientific, and educational purposes, within the meaning of section 501(c)(3) of the Internal Revenue Code, including receiving, managing, investing, and administering private gifts and property and making expenditures to or for the benefit of the university.

Since its formation in 1939, the role of philanthropy has become increasingly central to William & Mary’s progress as an institution — a role that has been further heightened by economic challenges within the commonwealth, United States and world. Today, the stable source of revenue provided by the W&M Foundation is indispensable to the campus’ day-to-day activities, with the W&M Foundation currently overseeing or serving as beneficiary of more than three quarters of the university’s total endowment. The W&M Foundation is a non-profit corporation and a public charity. An independent volunteer board of a maximum 40 trustees leads the W&M Foundation and advises staff on the investment and management of gifts. The Investments Committee serves as the William & Mary Foundation’s representatives to the 1693 Partners Fund Board.