William & Mary
Close menu Resources for... William & Mary
Popular Topics
Suggested Results
News Events
Apply Visit Request Info
W&M menu close William & Mary
Financial Report

Investments Performance

1693 Partners Fund

As of June 30, 2022

The William & Mary Foundation, Marshall-Wythe School of Law Foundation, William & Mary Business School Foundation and Murray 1693 Scholars Foundation are all members of the 1693 Partners Fund.

Six column table with a heading row
1 year 3 year 5 year 10 year 15 year
1693 Partners Fund1 (3.5%) 9.6% 8.8% 8.3% 6.0%
Target Benchmark2 (13.7%) 5.2% 5.9% 6.2% 4.1%

1. Fund-level investment performance is presented net of investment manager fees and gross of internal operating expenses.
2. Policy Benchmark: 56% MSCI All Country World Index, 24% Bloomberg Barclays Aggregate Index, 2% Bloomberg Barclays U.S. Credit Index, 8% Bloomberg Barclays U.S. High Yield Index, 10% Bloomberg Commodity Index; Beginning January 1, 2017: 50% MSCI All Country World Index, 15% Russell 2000 Index, 10% Bloomberg Barclays Aggregate Index, 15% HFR Fund of Funds Index, 5% MSCI U.S. REIT Index, 5% S&P North American Natural Resources Index.

Board of Visitors

As of June 30, 2022

Six column table with a heading row
1 year 3 year 5 year 10 year 15 year
Total BoV Account (12.7%) 3.0% 4.1% 6.1% -
Target Benchmark (12.6%) 3.1% 4.2% 6.3% -
Business School Foundation

As of June 30, 2022

Six column table with a heading row
1 year 3 year 5 year 10 year 15 year
Total BSF Account (5.5%) - - - -
Target Benchmark (14.1%) - - - -

1 year benchmark composed of: Custom Benchmark: 60% MSCI ACWI (Net), 7.5% MSCI ACWI Small Cap (Net), 7.5% MSCI Emerging Markets (Net), 25% Bloomberg U.S. Aggregate Bond

The William & Mary Business School Foundation’s endowments are invested primarily in pooled funds managed by the 1693 Partners Fund and LCG Associates. The William & Mary Business School Foundation began investing some funds with LCG Associates during FY 2022. The estimated average annual return and target benchmark on these combined pools were calculated using industry standard methodology for the fiscal year ending on June 30, 2022. Prior to FY22, endowment assets were primarily invested with the 1693 Partners Fund with returns as shown above. 

Muscarelle Museum of Art Foundation

As of June 30, 2022

Six column table with a heading row
1 year 3 year 5 year 10 year 15 year
Total ART Account (14.5%) 3.8% 4.7% - -
Target Benchmark - - - - -
Virginia Institute of Marine Science Foundation

As of June 30, 2022

Six column table with a heading row
1 year 3 year 5 year 10 year 15 year
WAMIT/LCG Associates3 (14.8%) (2.7%) 1.2% 4.5% -
Policy Benchmark4 (14.9%) (3.0%) 0.9% 3.6% -

3. WAMIT investments as of September 30, 2020; LCG Associates investments beginning April 2021; Investment performance is net of all fees and expenses.
4. April 2021 to present: 52.5% MSCI ACWI, 10% MSCI ACWI Small Cap, 7.5% MSCI Emerging Markets, 25% BloomBarc US Aggregate, 5% T-Bills; October 2020 to April 2021: 100% T-Bills; Prior to October 2020: 56% MSCI All Country World Index, 24% Bloomberg Barclays Aggregate Index, 2% Bloomberg Barclays U.S. Credit Index, 8% Bloomberg Barclays U.S. High Yield Index, 10% Bloomberg Commodity Index; Beginning January 1, 2017: 50% MSCI All Country World Index, 15% Russell 2000 Index, 10% Bloomberg Barclays Aggregate Index, 15% HFR Fund of Funds Index, 5% MSCI U.S. REIT Index, 5% S&P North American Natural Resources Index

10-Year Growth in Consolidated Endowment

As of June 30, 2022

Two bar graphs showing endowment values each year from 2013-2022. Board of Visitors (BOV) ranges from approx. $65-150 million, increasing from 2013-2015, dips in 2016 then increases again until dipping in 2020 and rising to the highest for 2022. William & Mary Foundation (WMF) ranges from approx. $500-1000 million, increasing steadily except for dips in 2016 and 2020 and a significant increase to the highest for 2021 and a slight dip in 2022.

Two bar graphs showing endowment values each year from 2013-2022. Marshall-Wythe School of Law Foundation (LSF) ranges from approx. $30-61 million, increasing steadily except for dips in 2016 and 2020 and rising to the highest for 2022. Business School Foundation (BSF) ranges from approx. $28-85 million, increasing steadily except for a dip in 2016 and leveling in 2020 and sharp jump in 2021 to the highest for 2022.

Two bar graphs showing endowment values each year. Virginia Institute of Marine Science Foundation (VIMSF) from 2013-2022 ranges from approx. $8-18 million, increasing steadily except for small dips in 2016 and 2020 and rising to the highest for 2021 then dipping back to around $15 million in 2022. Murray 1693 Scholars Foundation (1693) from 2016-2021 ranges from approx. $12-18 million, increasing steadily except for a dip in 2020 and rising to the highest for 2021 and slightly lower in 2022.

Muscarelle Museum Foundation (ART) begins in 2016 with approx. $0.45 million and has approx $0.51 million for 2017-2020 and jumps to nearly $0.6 million in 2021 then dips to above $0.4 million in 2022.

Scales are different for each pool of capital. Each endowment is represented in the chart below by color.

10-Year Combined Growth for all W&M Endowments
Valued at more than $1.3 billion

As of June 30, 2022

Bar graph showing combined growth numbers for each year from 2013 - 2022. The largest portion of each year is the W&M Foundation at approx. $500-800 million; next down is the BOV portion which is relatively steady at approx. $65-95 million; next down are the Law School and Business School Foundations at approx. $25-50 million; the 1693 Foundation does not appear until 2016 and is the next down; the remaining foundations of VIMS, Muscarelle and Others are visually tiny slivers of the totals.

All dollar figures shown in millions.

Back to top