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Washington & LEE University

Public charityFed auditsIRS 990990-T FY2023
DBA: % CELIA A KOVAC
Other · LEXINGTON, VA · EIN 54-0505977

About

See schedule omission statement of washington and LEE university: washington and LEE university provides a liberal arts education that develops students' capacity to think freely, critically, and humanely and to conduct themselves with honor, integrity, and civility. Graduates will be prepared for life-long learning, personal achievement, responsible leadership, service to others, and engaged citizenship in a global and diverse society.

In care of Celia a Kovac

Donations are tax-deductible
Category
Other
Employees
2,712
Volunteers
1,800

Financial Snapshot

FY ending 2023-06-30
Revenue
$276.6M
Expenses
$276.8M
Assets
$2.5B
Liabilities
$323.8M

Financial history

$378.5M$189.2M$0
1617181920212223
RevenueExpenses
Latest FY2023: $276.6M · Peak FY2017: $378.5M · Avg: $269.7M

Foreign activity (Schedule F)

Total spent abroad$8.6M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EAST ASIA AND THE PACIFIC
EUROPE
MIDDLE EAST AND NORTH AFRICA
NORTH AMERICA
RUSSIA AND NEIGHBORING STATES
SOUTH AMERICA
SOUTH ASIA
SUB-SAHARAN AFRICA
EUROPE
EAST ASIA AND THE PACIFIC
MIDDLE EAST AND NORTH AFRICA
SUB-SAHARAN AFRICA

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$169K
Grants Given
$72.7M
WASHINGTON & LEE UNIVERSITY
Your actions

Address

204 W Washington ST
Lexington, VA, 24450-211

Governance

Voting board members32
Independent members31
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %22.0%
Permanent endowment %44.0%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Net to org-$124K
Retained by contractors$124K
ChannelsMail · Phone · Email · In-person
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.