The William & Mary Foundation is a tax-exempt organization under Internal Revenue Code Section 501(c)(3) and not private foundations under Sections 509(a)(1) and 170(b)(1)(A)(iv).
University Advancement and the William & Mary Foundation do not provide legal, accounting, tax or other professional service advice to prospective donors. Under IRS regulations, gifts to William & Mary and its related foundations are generally tax deductible if the donor does not retain control over the gift or receive personal benefit. William & Mary is a tax-exempt organization under Internal Revenue Code Section 170(c)(1) as a public college that is a political subdivision of the Commonwealth of Virginia. Each prospective donor is urged to seek the advice of independent legal, financial or tax counsel in the gift process.