Education (B115) IRS Verified DX Registered 990 on File

WILLIAM & MARY LAW SCHOOL FOUNDATION

EIN: 54-1224563 · WILLIAMSBURG, VA 23187-8795 · United States · FY 2025 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 95/100

Reliability (20%) 55/100

Effectiveness (25%) 80/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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Mission Statement

A. To provide fellowships to William & Mary Law School students andgraduates who assist qualifying non-profit organizations (as defined by the Organization), or qualifying governmental agencies. Only those William & Mary law students who meet the requirements of, and comply with the guidelines set by, the Organization will be eligible to receive a fellowship from the Organization; B. To provide loan repayment assistance to William and Mary Law School graduates who assist qualifying non-profit organizations (as defined by the Organization) or qualifying governmental agencies. Only those William & Mary Law School graduates who meet the requirements of, and comply with the guidelines set by, the William & Mary LRAP Committee will be eligible to receive loan repayment assistance from the Organization; C. To conceive, plan, organize, and conduct fundraising activities for the purpose of acquiring funds for fellowships and loan repayment assistance,

Financial Overview — FY 2025

$9.6M

Total Revenue

$6.4M

Total Expenses

$74.4M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 78.5%

Fundraising Efficiency N/A

Operating Reserve 139.34x

Liability-to-Asset 0.8%

Revenue Diversification 64.4%

Compared with Peers

FY 2025

Compared with 5,421 similar organizations (United States, Education, $1M–$10M in expenses), FY 2025.

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	78.5%	84.2%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	10.4%	12.9%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	11.2%	0.0%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	139.3 mo	9.0 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.8%	21.7%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	64.4%	89.4%	P10P90	Top quarter
Revenue growth Year over year revenue growth	61.2%	5.0%	P10P90
Expense growth Year over year expense growth	-25.1%	6.1%	P10P90
Surplus margin Surplus as a share of revenue	33.6%	3.0%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2025	$9.6M	$6.4M	$74.4M	78.5%
2024	$6.0M	$8.5M	$69.5M	83.9%
2023	$5.6M	$8.2M	$67.7M	85.2%
2022	$10.1M	$7.0M	$66.8M	79.5%
2021	$8.6M	$7.1M	N/A	—

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Organization Details

EIN: 54-1224563
State: VA
City: WILLIAMSBURG
ZIP: 23187-8795
Classification: B115
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1984
Foundation Code: 13
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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