Nonprofit · EIN 84-3505125
1693 PARTNERS FUND
Tax-exempt · WILLIAMSBURG, VA 23188
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $156,427,454 | $61,188,386 | $95,239,068 | $1,215,423,011 | $151,110 | $1,215,271,901 |
| June 30, 2024 | 990 | $50,306,271 | $56,977,597 | -$6,671,326 | $1,095,224,673 | $1,538,082 | $1,093,686,591 |
| June 30, 2023 | 990 | $123,902,760 | $46,682,305 | $77,220,455 | $1,031,265,618 | $2,051,341 | $1,029,214,277 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $54,028,432
- Investment income
- $102,399,022
- Net gain from sales of assets
- $86,128,620
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $28,120
- Accounting fees
- $123,350
- Program services (functional)
- $61,188,386
Balance sheet and other
- Total assets, start of year
- $1,095,224,673
- Total assets, end of year
- $1,215,423,011
- Total liabilities, end of year
- $151,110
- Net assets, end of year
- $1,215,271,901
- Publicly traded securities
- $248,496,868
- Net assets without donor restrictions
- $1,215,271,901
- Gross unrelated business income
- $1,224,222
- Gross receipts
- $402,745,469
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2019
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| F BRIAN HIESTAND | CHIEF INVESTMENT OFFICER Officer | 40 | $0 | $664,032 | $70,740 |
| CATHERINE MOUNTJOY | CHIEF OPERATING OFFICER Officer | 40 | $0 | $427,250 | $50,198 |
| ELIZABETH CABELL JENNINGS | CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES E MALLORY | VICE CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| A Clayton Perfall | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW W HORROCKS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DARPAN SUBHASH KAPADIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID R COVIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| EUGENE P FOLEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| J SCOTT PERKINS | TRUSTEE (TERM ENDED 10/24) Trustee or director | 1 | $0 | $0 | $0 |
| JANET R ATWATER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JODY W FORSYTH | TRUSTEE (TERM ENDED 10/24) Trustee or director | 1 | $0 | $0 | $0 |
| JOH HYMAN | TRUSTEE (TERM BEGAN 10/24) Trustee or director | 1 | $0 | $0 | $0 |
| JOHN COLE SCOTT | TRUSTEE (TERM BEGAN 10/24) Trustee or director | 1 | $0 | $0 | $0 |
| John Fernando | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARIM HK AHAMED | TRUSTEE (TERM ENDED 10/24) Trustee or director | 1 | $0 |
| MICHAEL C PETTERS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| F BRIAN HIESTAND | CHIEF INVESTMENT OFFICER Officer | 40 | $0 | $384,314 | $67,544 |
| CATHERINE MOUNTJOY | CHIEF OPERATING OFFICER Officer | 40 | $0 | $315,856 | $47,682 |
| ELIZABETH CABELL JENNINGS | CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES E MALLORY | VICE CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| A Clayton Perfall | TRUSTEE (TERM BEGAN 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW W HORROCKS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CLIFFORD B FLEET | TRUSTEE (TERM ENDED 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| DARPAN SUBHASH KAPADIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID R COVIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| EUGENE P FOLEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| J SCOTT PERKINS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES A HIXON | TRUSTEE (TERM ENDED 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| JANET R ATWATER | TRUSTEE (TERM BEGAN 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| JODY W FORSYTH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| John Fernando | TRUSTEE (TERM BEGAN 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| KARIM HK AHAMED | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL C PETTERS | TRUSTEE (TERM BEGAN 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| PAUL R ECKERT | TRUSTEE (TERM ENDED 10/23) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| F BRIAN HIESTAND | CHIEF INVESTMENT OFFICER Officer | 40 | $0 | $866,051 | $64,206 |
| CATHERINE MOUNTJOY | CHIEF OPERATING OFFICER Officer | 40 | $0 | $511,339 | $45,924 |
| WILLIAM D COPAN JR | CHIEF OPERATING OFFICER/ASSISTANT TREASURER (ENDED 9/22) Officer | 37.5 | $0 | $195,079 | $34,242 |
| AMY S SEBRING | SECRETARY/TREASURER (ENDED 9/22) Officer | 1 | $0 | $92,188 | $16,105 |
| ELIZABETH CABELL JENNINGS | CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JODY W FORSYTH | VICE CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDREW W HORROCKS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CLIFFORD B FLEET III | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DARPAN SUBHASH KAPADIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID J JALLITS | TRUSTEE (TERM ENDED 10/22) Trustee or director | 1 | $0 | $0 | $0 |
| DAVID R COVIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| EUGENE P FOLEY | TRUSTEE (TERM BEGAN 10/2022) Trustee or director | 1 | $0 | $0 | $0 |
| J SCOTT PERKINS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES A HIXON | TRUSTEE (TERM BEGAN 10/2022) Trustee or director | 1 | $0 | $0 | $0 |
| JAMES E MALLORY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KARIM HK AHAMED | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PAUL R ECKERT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5300 DISCOVERY PARK BLVD 3RD FLOOR, WILLIAMSBURG, VA 23188-2695
- In care of
- % WILLIAM D COPAN JR
- Principal officer (990 for 2024)
- F BRIAN HIESTAND, 5300 Discovery Park Blvd 3RD FLOOR, Williamsburg, VA 231882695
- Signed the 990
- F BRIAN HIESTAND, CHIEF INVESTMENT OFFICER
- Phone
- (757) 221-1906
- Return prepared by
- CROWE LLP
Mission
The 1693 Partners Fund is dedicated to stewarding and growing endowment assets in support of William & Mary and its affiliated organizations.
Program accomplishments
- 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.Expenses $61,188,386 · revenue $54,028,432
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3505125
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $1,215,423,011
- Income (IRS master file)
- $402,745,469
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $156,427,454 | $61,188,386 | $1,215,423,011 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $50,306,271 | $56,977,597 | $1,095,224,673 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $123,902,760 | $46,682,305 | $1,031,265,618 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $103,998,144 | $39,414,052 | $899,776,773 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3505125).
Questions about 1693 PARTNERS FUND
- What is the EIN of 1693 PARTNERS FUND?
- The employer identification number (EIN) of 1693 PARTNERS FUND is 84-3505125.
- Is 1693 PARTNERS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to 1693 PARTNERS FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does 1693 PARTNERS FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 1693 PARTNERS FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 1693 PARTNERS FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 1693 PARTNERS FUND?
- The 990 for the year ended June 30, 2025 names F BRIAN HIESTAND.
- Who are the officers and directors of 1693 PARTNERS FUND?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does 1693 PARTNERS FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $156,427,454, expenses of $61,188,386 and total assets of $1,215,423,011 at year end.
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