William & Mary Law School Foundation

What it reported doing in 2024

Academic support - key programs listed belowcenter for legal and courtroom technology (clct): clct's mission is to improve the world's legal system through the appropriate use of technology. Clct is heavily involved in judicial and lawyer education and training (av tech classes and courtroom affiliates programs), provides courtroom design and needs assessments (consulting and courtroom affiliates programs), does research for disabled access to courtrooms (accessible courts initiative). Clct serves the law school by assimilating law students into the research function of the courtroom, by teaching courses, and by supporting the legal skills program with technological support of mock trials required as a part of the coursework.william & mary tax conference: provides continuing education credits for alumni and other legal and accounting professionals for the Virginia and nc bars, and for Virginia board of accountancy. Course topics are chosen annually, to parallel changes in reporting requirements, legal requirements, and those necessitated by the economy. This program is administered and facilitated by professors and staff of the law school.institute of bill of rights law (ibrl): center for study of constitutional law. Ibrl focuses on enhancing scholarly understanding of the bill of rights by hosting related programs, like the supreme court preview. Law students and professors work together to research constitutional legal issues.operating funds and option benefits: the foundation subsidizes initiatives that law school funds cannot support. Also, the foundation funds partial payrolls for individuals whose job descriptions include administrative duties related to foundation activity, such as investment reconciliations, paying foundation invoices, financial reporting, etc. Roughly 65% of the above expenses are related to payroll.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 78.5%; rating input score 78
• Fundraising efficiency: $4.76 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 33.6%; rating input score 86; 86th percentile among comparable filings
• Total-asset coverage ratio: 11.71; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

• Program expense growth: 2.9% per year; rating input score 100; 27th percentile among comparable filings
• Revenue growth: 2.5% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 5% per year; rating input score 100; 35th percentile among comparable filings