5300 Discovery Park Boulevard
Williamsburg, VA 23188
Office of University Advancement
P.O. Box 8795
Williamsburg, VA 23187-8795
Phone: (757) 221-1001
Toll-free: (866) 448-3296
Fax: (757) 221-1313
Yes, William & Mary is a state school, but receives less than 14 percent of its operating budget from the Commonwealth of Virginia. Private funds are critical to maintaining the present and future excellence of the College.
In 2014, University Development and staff from the William & Mary Alumni Association merged into the Office of University Advancement. University Advancement aspires to strengthen William & Mary's ability to make meaningful connections with each and every member of the university community. The organization oversees alumni engagement, annual giving, development, marketing, external communications and university events teams, all working seamlessly together to strengthen ties with alumni.
A gift to endowment is invested and a portion of the annual earnings is used to provide financial support for the area of the donor's choosing. A named endowment can be established with a minimum gift of $100,000, except for the Law School ($75,000), VIMS ($50,000) and endowments for library acquisitions ($25,000). These accounts generate interest income in perpetuity to provide financial support for the area of the donor’s choosing. Currently, endowments support a number of areas, including scholarships, professorships, book funds, study abroad and visiting scholars. The principal of the endowment is never spent, thus ensuring that a donor’s generosity will continue throughout the life of the College.
Expendable funds provide resources for immediate use to support a current need. Endowments are created to provide a steady stream of income to support a specified purpose in perpetuity. The gift principal is invested and a percentage of its annual income is allocated for the designated purpose.
The College has a long history of providing scholarships and other financial support, but there remains significant unmet need. In fact, a third of all undergraduate students have demonstrated financial need. And, while the College is able to meet about 59 percent of need for out-of-state students, many of our peer institutions meet 100 percent. Graduate students also benefit from a variety of scholarship support. You can find out more about our scholarship initiatives at http://advancement.wm.edu/scholarships/.
Scholarships for W&M students can be established with a $10,000 expendable gift for a specified term of years, or for a lifetime with a $100,000 endowment. Scholarships can be named in honor of family members, beloved professors or coaches, or other individuals and groups. To discuss establishing a scholarship, please contact Karlene Jennings at firstname.lastname@example.org or (757) 221-7779.
One way to help is to volunteer and become a Class Ambassador. As a Class Ambassador, you will reach out to 10 classmates of your choosing to engage in a conversation about the importance of giving back to the College. You will serve as William & Mary's link to your community, providing regular updates and ways to engage with the College. Whether you're thanking a current donor or encouraging a new gift, your efforts will make a huge difference. Visit http://advancement.wm.edu/ambassador for more information.
The College of William & Mary has consistently ranked as one of the most efficient universities in the nation in terms of the use of resources. In 2015, U.S News & World Report ranked the College fifth in the nation and first among national universities in Virginia for efficient use of resources. Over market cycles of five and 10 years in investment performance, the College of William & Mary Foundation's Pooled Investments portfolio ranks in the top third of college and university endowments as reported in the 2002 national endowment survey by NACUBO (National Association of College and University Business Officers).