Tax Information

The William & Mary Foundation is a tax-exempt organization under Internal Revenue Code Section 501(c)(3) rather than a private foundation under Sections 509(a)(1) and 170(b)(1)(A)(iv).

The William & Mary Foundation does not provide legal, accounting, tax or other professional service advice to prospective donors. Under IRS regulations, gifts to the William & Mary Foundation are generally tax deductible if the donor does not retain control over the gift or receive personal benefit. William & Mary is a tax-exempt organization under Internal Revenue Code Section 170(c)(1) as a public college that is a political subdivision of the Commonwealth of Virginia. Each prospective donor is urged to seek the advice of independent legal, financial or tax counsel in the gift process.

IRS Form 990

As a charitable organization under section 501(c)(3) of the Internal Revenue Code, the William & Mary Foundation files an annual income tax return – IRS Form 990 – and makes the report available to the public upon request.

To request a copy of the Foundation’s 990, please contact us.