1693 Partners Fund

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Phone

7572211906

Tax Period

2024-07-01 to 2025-06-30

1693 Partners Fund, founded in 2019, is a major nonprofit in the Education sector that reported $156.4M in total revenue in fiscal year 2024. Revenue surged 211% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95.2M, a strong 61% operating margin.

Mission

The 1693 Partners Fund is dedicated to stewarding and growing endowment assets in support of William & Mary and its affiliated organizations.

Program Service Accomplishments

Program 1

Expenses: $61,188,386 Revenue: $54,028,432

The 1693 Partners Fund is dedicated to stewarding and growing endowment assets in support of William & Mary and its affiliated organizations. With a long-term focus, the Fund seeks to generate...

The 1693 Partners Fund is dedicated to stewarding and growing endowment assets in support of William & Mary and its affiliated organizations. With a long-term focus, the Fund seeks to generate strong, risk-adjusted returns while preserving equity and advancing the university's mission. The Fund employs a disciplined, diversified investment approach to enhance returns, manage risk, and provide reliable funding for scholarships, faculty support, research, and other institutional priorities. Operating within a robust governance framework, the 1693 Partners Fund emphasizes transparency, accountability, and rigorous investment oversight.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,028,432

Investment Income $102,399,022

Other Revenue $0

TOTAL REVENUE $156,427,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,188,386

Other Expenses $61,188,386

TOTAL EXPENSES $61,188,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,427,454	$50,306,271	+2.1%
Expenses	$61,188,386	$56,977,597	+0.1%
Net Income	$95,239,068	$-6,671,326	-15.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,212,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH CABELL JENNINGS	CHAIR/TRUSTEE	1.0	Officer Director	$0	$0	$0
JAMES E MALLORY	VICE CHAIR/TRUSTEE	1.0	Officer Director	$0	$0	$0
A Clayton Perfall	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW W HORROCKS	TRUSTEE	1.0	Director	$0	$0	$0
DARPAN SUBHASH KAPADIA	TRUSTEE	1.0	Director	$0	$0	$0
DAVID R COVIN	TRUSTEE	1.0	Director	$0	$0	$0
EUGENE P FOLEY	TRUSTEE	1.0	Director	$0	$0	$0
J SCOTT PERKINS	TRUSTEE (TERM ENDED 10/24)	1.0	Director	$0	$0	$0
JANET R ATWATER	TRUSTEE	1.0	Director	$0	$0	$0
JODY W FORSYTH	TRUSTEE (TERM ENDED 10/24)	1.0	Director	$0	$0	$0
JOH HYMAN	TRUSTEE (TERM BEGAN 10/24)	1.0	Director	$0	$0	$0
JOHN COLE SCOTT	TRUSTEE (TERM BEGAN 10/24)	1.0	Director	$0	$0	$0
John Fernando	TRUSTEE	1.0	Director	$0	$0	$0
KARIM HK AHAMED	TRUSTEE (TERM ENDED 10/24)	1.0	Director	$0	$0	$0
MICHAEL C PETTERS	TRUSTEE	1.0	Director	$0	$0	$0
CATHERINE MOUNTJOY	CHIEF OPERATING OFFICER	40.0	Officer	$0	$50,198	$477,448
F BRIAN HIESTAND	CHIEF INVESTMENT OFFICER	40.0	Officer	$0	$70,740	$734,772

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$156,427,454	$61,188,386	$1,215,423,011	$95,239,068
2024	$50,306,271	$56,977,597	$1,095,224,673	$-6,671,326
2023	$123,902,760	$46,682,305	$1,031,265,618	$77,220,455
2022	$103,998,144	$39,414,052	$899,776,773	$64,584,092
2021	$38,706,072	$2,389,794	$943,135,079	$36,316,278