6 University of Virg inia S cho ol of L aw Statement of Accounts July 1, 2006 through June 30, 2007 2006-2007 CONTRIBUTIONS June 30, 2007 MARKET VALUE I. Unrestricted Funds Current Use Arnold R. Boyd E. Fontaine Broun Hardy Cross Dillard Dana Drake Ernest L. Folk III General Endowment General Fund Colonel Joseph M. Hartfield Memorial D. Peck Hill J. Wilton Hope Lawrence W. I’Anson Henry C. Little William H.D. Rossiter J. Edward Smith Randall S. Strange Textbook Royalties John William Waltz Leigh D. Williams George A. and Elisabeth Dent Wilson Stephen Clark Woodroe TOTAL UNRESTRICTED FUNDS TOTAL UNRESTRICTED REUNION FUNDS June 30, 2007 MARKET VALUE III. Professorships $ 3,412,489 – – – – 200 210,020 25,040 – – – – – – – – – – – – – $ 3,581,792 867,860 1,238,777 303,754 776,278 143,945 9,199,414 3,186,640 200,204 328,103 203,641 75,314 935,007 5,341,453 430,303 176,694 819 458,086 767,513 16,738,463 1,313,971 $ 3,647,749 $ 46,268,031 II. Unrestricted Reunion Funds Class of 1962 Class of 1987 Class of 1992 Class of 1997 Class of 2002 2006-2007 CONTRIBUTIONS $ 120,234 104,231 44,233 28,492 19,458 $ 120,009 113,220 44,300 28,427 19,378 $ 316,648 $ 325,334 John S. Battle Thomas F. Bergin Teaching Albert C. BeVier Research Barron F. Black Research Perre Bowen Fund T. Munford Boyd Brokaw Professorship in Corporate Law Percy Brown, Jr. Walter L. Brown The Honorable Albert V. Bryan, Jr. ’50 Caddell & Chapman Research Daniel Caplin Joseph C. Carter, Jr. Research Nicholas E. Chimicles Research in Business Law & Regulation Class of 1941 Research Class of 1948 Scholarly Research Class of 1957 Research Class of 1962 Class of 1963 Research Class of 1966 Research Edwin S. Cohen Distinguished in Law and Taxation Hardy Cross Dillard / Class of 1969 Armistead M. Dobie Henry L. and Grace Doherty Charitable Foundation John A. Ewald, Jr. Distinguished Horace W. Goldsmith Research Charles O. Gregory David A. Harrison III Faculty Development Fund David and Mary Harrison Distinguished Joseph M. Hartfield Memorial (by Watson Foundation) Michael J. and Jane R. Horvitz Distinguished $ – 500 – – – – – – – 10,400 – – 3,976 – – – 247,592 – 1,750 – – 100 – – – – 500 1,821,257 – – 100,000 $ 325,246 772,732 451,974 611,073 2,893,296 815,004 1,240,056 481,338 806,766 355,585 443,699 569,557 811,968 631,368 500,353 643,674 1,398,965 1,514,703 826,482 791,656 1,616,840 632,603 275,105 548,777 1,997,583 3,547,232 854,030 5,848,939 59,853,900 409,693 1,384,638 Annu a l Rep or t 2006 – 2007 2006-2007 CONTRIBUTIONS Edward F. Howrey Research $ Hunton & Williams Research David H. Ibbeken ’71 Research E. James Kelly, Jr. - Class of 1965 Research Edward J. Kelly III Inez L. Kimmel Young Teachers Fund Arnold H. Leon James Madison James Madison Distinguished Justice Thurgood Marshall Distinguished David Lurton Massee, Jr. Samuel H. McCoy II Elizabeth D. & Richard A. Merrill Research John Barbee Minor Distinguished James Monroe Distinguished Roy L. & Rosamond Woodruff Morgan William L. Matheson and Robert M. Morgenthau Distinguished Blaine T. Phillips Distinguished William S. Potter Lewis F. Powell, Jr. John V. Ray Research F.D.G. Ribble Harrison Robertson Research S.E.S.-General (Eminent Scholar) Robert E. Scott Distinguished John S. Shannon Distinguished Earle K. Shawe Employment Law Howard W. Smith Emerson G. Spies John C. Stennis Sullivan & Cromwell Research Albert C. Tate, Jr. O.M. Vicars Warner-Booker Distinguished F. Palmer Weber Research in Civil Liberties and Human Rights Joseph Weintraub - Bank of America Distinguished TOTAL PROFESSORSHIPS – – 65,600 – – 63,850 48,875 1,500 – 39,929 – – 1,507 – – – June 30, 2007 MARKET VALUE $ 766,178 665,163 885,912 763,421 18,328 1,059,024 1,158,707 619,296 2,885,772 1,252,701 2,419,767 566,527 768,643 2,888,702 2,918,579 490,642 – 25,000 7,142 – 200 250 – – 112,425 10,000 2,500 – 103,872 – – 1,000 – – – – 3,924,515 4,390,781 988,175 1,590,632 603,557 328,586 578 1,254,542 2,713,220 1,678,264 643,723 16,866 1,504,527 78,025 1,031,676 1,196,880 759,035 1,687,732 499,495 1,614,975 $ 2,669,725 $ 140,487,981 $ $ IV. Scholarships NON-ENDOWED SCHOLARSHIPS Alcoa Law Fellowship Richard F. Barry III Millard Cass Courts & Commerce Dillard Summer Intern Program Dillard University Fellowship Oliver W. Hill Hunton & Williams Jackson Walker L.L.P. 5,000 – – 5,000 – – 30,900 3,000 – 3,037 5,906 3,281 93 35,246 156 1,929 3,212 3,500 2006-2007 CONTRIBUTIONS A. Stewart Kerr Monroe Leigh ASIL Fellowship James A. Newell Scott R. Owens Memorial Reserve James M. Rinaca ’76 Memorial School of Law General Richard Silver Whitehead Memorial Womble Carlyle ENDOWED SCHOLARSHIPS Kent E. Agness Hawthorne D. Battle Candace K. and Frederick W. Beinecke Juliet R. Belknap / McAlister Marshall Robert K. Bellamy Senator Leroy Bendheim Black Law Alumni Franklin O. Blechman Brandt-Lee The Honorable Albert V. Bryan, Sr. ’21 Memorial Judge John D. Butzner, Jr. Don Cameron Oleda D. Casscells Class of 1902 Class of 1926 Class of 1927 Class of 1935 Class of 1937 Class of 1938 Class of 1953 Class of 1955 James Madison Class of 1960 Dean’s Class of 1962 Albert R. Turnbull Class of 1964 Class of 1967 Earl C. Dudley, Jr. Class of 1968 Robert F. Kennedy Memorial Class of 1970 Class of 1972 Memorial Class of 1975 James Madison Class of 1976 Class of 1976 Lawrence T. MacNamara Class of 1977 Class of 1978 Mrs.Virginia Haigh Class of 1979 Thomas Tegnazian Memorial Class of 1981 Class of 1982 James Madison Class of 1983 Class of 1984 Class of 1985 Class of 1986 Richard G. Clemens June 30, 2007 MARKET VALUE $ – 2,500 1,500 – 29,450 34,222 10,000 1,000 8,000 $ 50 122,900 1,500 52,338 29,525 197,223 10,000 2,109 1 $ 900 – – – 9,735 – 1,405 2,000 20,000 29,978 8,400 – – – – – – 1,200 500 – – 56,762 35,197 – 154,139 – 39,150 117,997 – 25,000 1,550 138,372 – 1,500 – 129,855 14,075 11,799 77,129 112,143 2,500 $ 2,946 66,119 217,132 180,970 236,406 415,309 14,948 348,111 23,112 160,761 189,084 92,794 178,389 261,242 288,146 547,660 87,828 169,348 1,648,305 357,541 334,204 242,880 665,643 173,632 148,631 59,175 575,290 137,034 289,094 331,794 901,933 126,225 260,689 225,440 177,259 242,586 547,152 409,475 349,446 363,794 208,194 7 8 University of Virg inia S cho ol of L aw 2006-2007 CONTRIBUTIONS June 30, 2007 MARKET VALUE Endowed Scholarships —continued Duncan McRae Cocke Carl H.Cofer, Jr. Dean’s Edwin S. Cohen Howard H. Conaway Joe Creason William H. Cutlip John M. Dial ’36 William K. Diehl, Jr. Hardy Cross Dillard Scholarships Class of 1938 Dillard Class of 1951 Dillard Class of 1958 Dillard Class of 1960 Dillard Class of 1965 Memorial Dillard Dillard General J. William Lewis Dillard Allen F. Maulsby Dillard Scott R. Owens Dillard James C. Slaughter Dillard George Terrien Dillard Blanche Dodds Kovarik Henry A. Dudley Jessie Ball duPont Kenneth H. Ekin Memorial Engel Fund Virginia Dale Eschenburg Michael C. Farrow John Shaw Field William D. Ford Carl M. and Carolyn C. Franklin Glynn Family Harry L. Goddard ’37 Memorial Martin Goodman E. Stuart James Grant Charitable Trust Albertis Sydney Harrison Memorial David Hartfield, Jr. Merit Joseph M. Hartfield S. Phillip Heiner Memorial Alan J. Hofheimer Holland & Knight Hunton & Williams Gordon F. Rainey Jr. Henry C. and Margaret Ikenberry, Jr. King & Spalding Rodger W. Klein Law Alumnae Margaret Love Ronald L. Marmer Wallace M. McClure Graduate Fellowship Hugh D. McCormick McGuireWoods Armistead L. Boothe / McGuireWoods $ – – 100 – – – – 25,000 – – 872 50,000 100,634 938 – – 23,009 750,000 – – 5,000 – 128,275 26,250 23,000 1,000 – – – – 5,000 1,084 – – – – 13,036 2,456 – 157,943 100,000 19,700 – 249,880 – 20,000 – – – 200 $ 945,869 368,301 125,427 41,619 154,022 367,022 63,827 25,000 773,586 276,279 406,494 1,123,977 441,342 708,464 1,509,116 2,003,944 762,832 750,000 2,824,819 1,112,440 781,152 178,047 647,335 907,745 71,415 64,737 545,829 716,138 159,688 170,183 149,123 117,676 222,436 187,479 722,989 919,452 572,029 241,319 172,635 175,148 100,000 649,974 382,972 838,362 35,879 141,511 212,477 306,354 220,688 157,872 2006-2007 CONTRIBUTIONS New England James Madison Alice Michiko Noll 2004 Memorial James L. and Lettie Lane North Oder Family Pacific Northwest Students Frank Brockenbrough Preston, Jr. Ernest Sydney Quick Mary Quinn Rappold Family Charles A. Read F.D.G. Ribble Mary C. and Roy H. Ritter Sue Robinson Rodriquez Robert J. Rogers James R. Roney, Jr. William Pendleton Sandridge Joyce and Norman A. Scher David L. Schwartz Memorial Collins J. Seitz Richard E. Shands Gail S. and Richard D. Siegal Paul A. Simon Memorial James C. Slaughter Hiram H. Spicer III Catherine Spurzem Memorial William A. Sutherland Swager Sherley & Andrew O. Young James A. Tregarthen Memorial Marsha and J. Rainer Twiford Oscar W. Underwood, Jr. Memorial Union / Standish Foundations Virginia Long-Time Residents Paul G. Wallach Memorial Judge Richard L. ’51 & Eugenia K. Williams John G. Yancey ’27 Robert G. Zack TOTAL SCHOLARSHIPS $ 3,200 100,610 5,000 20,000 8,850 161,963 – – 120,000 7,000 – 293,000 10,000 – 500 2,550 20,000 25,000 1,000 – – – – – – 10,000 – – – 3,000 – 26,034 600 28,670 – 102,500 June 30, 2007 MARKET VALUE $ 228,117 108,884 436,314 225,565 45,228 187,115 184,056 134,772 136,325 268,846 202,000 304,200 10,910 326,782 80,037 194,492 316,325 624,858 185,430 451,365 1,906,501 374,240 31,298 160,954 151,485 486,351 589,247 155,206 128,128 477,223 1,786,590 360,133 27,061 95,509 878,670 111,690 $ 3,778,212 $ 50,649,158 $ 8,579 $ 109,085 $ 4,800 – 25,880 1,925 425 988 – $ 1,570 951 420,564 6,973 425 988 2,600 V. Restricted Funds DEAN’S FUNDS Hardy Cross Dillard STUDENT PROGRAMS Bracewell & Giuliani Oral Advocacy Awards Kevin Chapman Memorial Class of 1952 Moot Court Claire Marie Corcoran Memorial Environmental Law Forum Environmental Law Journal Fulbright Best Memo Award Annu a l Rep or t 2006 – 2007 2006-2007 CONTRIBUTIONS Law and Grad Republicans Law Mock Trial Association Orrick International Law Fellowship Peer Advisors Principles and Practice Program Public Service Student Funded Fellowship Public Service Conference Mary C. and Roy H. Ritter Prize Student Legal Forum Student Miscellaneous Virginia Journal of Law and Politics Virginia Law Review Virginia Public Service Loan Assistance Virginia Tax Review LOANS Brownell Emergency Assistance MISCELLANEOUS Amev Law / Medicine Sewell Biggs Lectureship Peter Bronstein Negotiation Skills Institute Class of 1957 South Africa Human Rights Edwin S. Cohen Fund Constitutional Law Richard D. Donchian Public Interest law Jessie Ball duPont Fund Environmental Law Clinical Programs Ethical Values Seminar Faculty Reserve Ernest L. Folk III Handicapped Access John Fowler ’55 Art Project William B. Fryer Restricted Graduate Law Students Peter Graff ’96 Memorial Naomi Hendershot ’01 Memorial Human Rights Program Interdisciplinary Professional Values Seminar John C. Jeffries, Jr. Restricted Kilpatrick Stockton Project Law & Business Program Law and Technology Program Law Library General David and Noreen Mulliken Restricted Christopher J. Murphy, III John M. Olin Program in Law and Economics W. Sydnor Settle Restricted Special Temporary Accounts Sunshine Lady Foundation Transactional Teaching Trustees’ Academic Initiative $ June 30, 2007 MARKET VALUE 35 25 40,000 538 300 94,399 975 16,000 – 19,186 845 1,105 382,916 725 $ 35 25 40,000 4,479 84,821 156,165 1,529 26,542 23,450 37,175 12,505 19,878 402,257 3,344 $ – $ 13,544 $ – – 11,000 35,218 – – 50,000 – 1,500 – – – 21,314 50,000 100 100 – – 53,250 84,489 14,567 41,200 15,774 545 100,000 9,550 265,000 – 62,493 – – – $ 1,154 946,822 28,108 20,211 6,960 414 50,000 55,000 5,188 571,780 2,491,216 15,092 54,268 94,250 100 16,128 4,711 39 55,158 270,918 27,233 873,744 335,323 44,296 338,547 10,069 160,439 201,575 123,526 6,850 367,115 408,223 2006-2007 CONTRIBUTIONS Virginia Tax Study Group $ Sadie Lewis Webb Visiting Scholar in Law & Biomedicine Lester E. Zittrain Lectureship TOTAL RESTRICTED FUNDS June 30, 2007 MARKET VALUE 600 1,000 1,000 $ 815 48,329 43,913 $ 1,475,946 $ 8,988,819 $ – – 36,516 – – – – – – 230,447 – – – – 100 – $ 34,634 295,624 1,133,661 6,280,003 121,868 1,362,536 1,975,198 2,602,195 3,798,923 378,770 1,078,755 384,819 296,312 116,729 19,506 46,414 $ 267,063 $ 19,925,947 VI. Unrestricted Endowments Andrew D. Christian Class of 1929 Class of 1961 Lammot duPont Copeland Richard N. Crockett Doherty Foundation Doherty-Lassen Memorial Henry L. Doherty Memorial Joseph M. Hartfield Judge Robert E. Hayes Wallace Howland Ernest E. Monrad Donald Richberg H.C. Kinsey Spotswood Albert R. Turnbull Royall Victor Memorial TOTAL UNRESTRICTED ENDOWMENTS 9 10 University of Virg inia S cho ol of L aw 2006-2007 CONTRIBUTIONS June 30, 2007 MARKET VALUE VII. Restricted Endowments AWARDS Mortimer Caplin Public Service Award Edwin S. Cohen Tax Award Carl M. Franklin Prize Robert E. Goldsten ’40 Award Eppa Hunton Book Award Margaret G. Hyde Award John S. Kingdon Moot Court Prize Herbert L. Kramer and Herbert K. Bangel Prize Carl McFarland Daniel Rosenbloom Award Earle K. Shawe Labor Relations Award James Shoemaker Moot Court Awards James C. Slaughter Honor Award Stephen Pierre Traynor Award Roger and Madeleine Traynor Award $ SEMINARS IN ETHICAL VALUES Benjamin F. Borden ’48 Lectureship $ Charles O. Gregory Lectureship John Izard ’49 and Walter G. Dunnington, Jr. ’50 Lectureship Edgar F. Puryear, Jr. ’67 Lectureship Daniel Rosenbloom ’54 Lectureship Harold C. Stuart ’36 Lectureship LECTURES / LECTURESHIPS John D. Cole III ’63 Lectureship in Communications and Media Law Edward S. Hirschler Lectureship P. Browning Hoffman Lectureship Law and Business Lectureship Claiborne Ross McCorkle Lecture Meador Lecture on Law and Religion T. Justin Moore, Jr. ’50 Lectureship Ola B. Smith Lecture Gustave Sokol Program John M. Van Deventer Lectureship in Law & Business LIBRARY Caplin Tax Collection Dorothea Lane Cutts H.C. Dillard International Law Collection Endow-A-Book Farmer Memorial Charles D. Fox, Jr. Memorial Book Preston Fox Warren W. Hobbie Religious Law Jefferson Legal Collection Walter Whitlock Klaus Reading Room $ $ – – – – – – – – – 10,000 – – – – – $ – – – – – – $ 1,200 – 1,000 17,750 – – 11,000 – – 31,250 $ – – – 400 – – 50,000 – – 600 $ 69,422 41,442 41,337 163,126 4,750 77,668 145,898 215,392 415,381 163,247 82,215 178,879 45,805 13,966 145,425 199,107 224,654 200,252 211,824 241,755 183,152 13,830 241,824 204,305 70,139 267,172 385,611 338,500 42,685 1,042,676 113,695 416,964 164,016 43,715 10,670 606,551 251,397 61,897 234,449 19,145 215,584 2006-2007 CONTRIBUTIONS NEH Challenge Grant John Ritchie Charles J. Sheppe Memorial Judge John Charles Watrous William H. White, Jr. Memorial PUBLIC SERVICE Mortimer Caplin Public Service Fellowship Class of 1959 Public Service Loan Assistance Class of 1964 Public Service Loan Assistance Class of 1965 Public Service Loan Assistance Class of 1996 Public Interest Fellowship Cowan Human Rights Study Project Linda A. Fairstein Public Service Fellowship Fox Public Service Loan Assistance Beverly Harmon Class of 1998 Public Service Loan Assistance Manning Public Service Loan Assistance Ford C. O’Connell Public Service Fellowship Lewis F. Powell, Jr. Legal Services Fellowship Terrien Public Service Loan Assistance SUMMER RESEARCH Perre Bowen General Research Fund Eastwood D. Herbert Research Sohio Research Professorship MISCELLANEOUS Academic Excellence Challenge Class of 1969 Health Law, Policy and Ethics Fellowship Henry A. Dudley Rex E. Lee Law Society Virginia Journal of International Law Virginia Law Review Elizabeth Kemper Wharton Student Organizations Ridley Whitaker Legal Forum TOTAL RESTRICTED ENDOWMENTS June 30, 2007 MARKET VALUE $ – – – 500 – $ 1,978,258 29,943 72,549 27,071 339,454 $ 200,000 – – – 350 40,273 250,000 205 $ 710,626 325,600 280,440 326,457 107,962 40,539 1,645,400 201,941 65 1,000 20,000 62,850 – 80,975 426,363 61,731 2,337,801 3,160,575 $ – – – – $ 2,173,332 19,548 204,880 137,586 $ – 64,652 – 188 2,506 385 – – $ 736,679 481,509 1,127,628 273 70,200 666 36,493 95,105 $ 766,174 $ 25,047,106 Annu a l Rep or t 2006 – 2007 2006-2007 CONTRIBUTIONS June 30, 2007 MARKET VALUE VIII. Law Grounds Alston & Bird Building $ Bradley Arant Rose & White Buy-a-Brick Class of 1950 Dining Room Class of 1967 Alumni Lounge Class of 1968 Lobby Clay Hall Building Maintenance General Building Maintenance Jones Day Kilpatrick Stockton LLP King & Spalding Landscaping Law Alumnae Lobby Law Grounds General Law Grounds Technology Challenge Piper & Marbury Slaughter Hall Building Maintenance Emerson Spies Garden Student Faculty Center Student Faculty Center / Sidley Austin LLP Student Faculty Center / Troutman Sanders Terrace Walks & Trails White & Case TOTAL LAW GROUNDS $ 200 100 1,200 32,171 – 750 – – 1,000 1,750 500 – 2,950 258,241 600 10,600 80 400 – 1,778 1,498 – 1,000 $ 354,818 $ 200 100 3,161 50,656 4,749 750 687,017 14,117 1,000 1,750 500 30,647 2,950 22,611 600 10,600 1,099,738 400 – 1,778 39,384 12,109 1,000 1,985,817 IX. Center for Oceans Law and Policy Center for Oceans Law and Policy $ – $ 9,184,374 400 – – $ 120,558 3,921 2,070 X. Appellate Judges LL.M. Program Appellate Judges LL.M. Program Appellate Judges Scholarship Cameron Award for Arizona Judges $ XI. Center for National Security Law Center for National Security Law Rhodes Academy Summer Institute GRAND TOTAL Summary of Contributions July 1, 2006– June 30, 2007 Unrestricted Unrestricted Endowment Restricted Restricted Endowment Total Contributions 400,750 62,000 75,000 $ 267,205 51,509 165,348 $ – 750 – – $ 107,990 146,840 65,405 1,738,364 $13,815,235 $305,531,777 $ 4,494,780 480,970 4,611,515 4,227,970 $ 13,815,235 Summary of Expenditures July 1, 2006– June 30, 2007 Law Grounds Faculty Lectures and Events Financial Aid Student Awards and Activities Library Graduate Programs Publications Alumni Events Other Management and General Fundraising Total Expenditures $ XII. Student Loan Funds Student Loan Notes Student Loan Fund Investments Morris Student Loan Notes Morris Student Loan Fund Investments Funds held by the University for the benefit of the Law School exceed $44 million.The combined market value of both, as of June 30, 2007, was more than $350 million. The financial statements of the University of Virginia Law School Foundation for the fiscal year ending June 30, 2007 have been audited by BDO Seidman, LLP. A copy of the accountant’s report is on file at the Law School Foundation. $ 545,876 4,591,480 1,543,585 2,322,870 163,001 160,942 79,456 290,133 465,713 14,793 1,681,027 1,906,892 $ 13,765,768 11