Statement of Accounts July 1, 2007 through June 30, 2008 2007-2008 CONTRIBUTIONS June 30, 2008 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 $ 2,449,552 – – – – – 67,393 – – – – – – – – – – – – – – $ 2,516,102 845,311 1,206,676 295,883 756,161 23,345 9,290,629 3,280,404 195,016 319,601 198,325 73,362 910,597 5,203,045 419,151 172,083 848 446,214 747,626 16,302,290 1,279,923 $ 2,516,945 $ 44,482,591 $ 56,518 338,208 157,366 94,631 102,450 37,283 17,046 $ 57,018 338,004 161,687 94,210 102,550 37,149 17,046 $ 803,503 $ 807,664 $ – 500 – – – – 1,000 $ 314,329 747,157 437,199 590,470 2,801,048 787,745 1,199,510 II. Unrestricted Reunion Funds Class of 1958 Class of 1968 Class of 1978 Class of 1988 Class of 1993 Class of 1998 Class of 2003 TOTAL UNRESTRICTED REUNION FUNDS III. Professorships 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 6 University of Virginia School of Law 2007-2008 CONTRIBUTIONS 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 in Honor of Graham C. Lilly and Peter W. Low 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 Edward F. Howrey Research Hunton & Williams Research David H. Ibbeken ’71 Research Dean John C. Jeffries, Jr. 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 $ – – 50 – – 15,370 June 30, 2008 MARKET VALUE $ 465,271 780,048 355,959 428,769 550,826 800,548 – – 18,852 62,350 – 611,194 483,531 640,707 1,429,813 1,464,501 104,620 25,993 500 – – – – – 250 – – – 100,000 – – 105,076 1,168,095 – 80,000 35,000 44,656 1,500 – 139,950 – – 20,100 – – – 903,198 791,988 1,564,851 611,330 265,845 530,878 1,929,281 3,455,362 825,771 4,926,612 57,875,386 395,956 1,486,350 740,308 642,711 961,023 1,203,700 737,583 224,926 1,062,473 1,165,270 602,641 2,788,918 1,355,535 2,339,026 547,808 762,773 2,792,068 2,822,477 474,031 – 25,000 3,822,570 4,324,154 2007-2008 CONTRIBUTIONS 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 in 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 $ 8,025 – 250 – 50 – 20,766 10,000 – – 911,899 – – 5,000 – – June 30, 2008 MARKET VALUE $ 964,831 1,537,804 581,398 317,950 628 1,213,690 2,648,369 1,632,519 622,056 16,337 2,374,389 75,455 997,412 1,161,876 733,799 1,631,325 – 250,000 482,614 1,805,214 $ 3,154,851 $ 138,619,093 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 – – 33,500 3,000 6,000 $ 3,037 4,406 3,281 93 35,246 156 1,929 6,212 2,500 2007-2008 CONTRIBUTIONS Jenner & Block A. Stewart Kerr Monroe Leigh ASIL Fellowship James A. Newell Oder Family Scott R. Owens Memorial Reserve A. Stewart Robertson, Jr. School of Law General Richard Silver South Africa LLM 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 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 June 30, 2008 MARKET VALUE $ – – 1,000 2,500 15,000 – 41,000 48,543 35,000 11,014 1,000 – $ 10,000 50 123,901 4,000 15,000 52,338 41,026 210,265 10,500 11,125 2,109 8,000 $ 1,206 – 71,214 – 4,032 – 3,000 20,000 14,624 12,587 – – – – – – 2,300 6,114 26,700 – $ 4,117 63,892 278,852 174,855 233,625 402,499 339,970 42,501 172,622 196,171 89,651 172,400 252,377 278,371 529,073 85,370 165,940 1,599,180 372,812 322,866 Annual Report – 7 Endowed Scholarships —continued 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 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 8 2007-2008 CONTRIBUTIONS $ University of Virginia School of Law 59,111 4,364 – 61,417 – 38,577 53,858 – 130,239 2,600 1,000 – 5,565 48,588 64,800 227,756 9,100 60,038 66,937 2,500 – – – – 540 – – – – – 26,000 50,000 55,274 1,250 – – 26,525 – – – 15,000 – – 26,250 15,000 – – – – – 5,000 1,000 June 30, 2008 MARKET VALUE $ 303,093 651,436 167,745 216,924 57,197 599,080 193,936 279,294 452,581 876,981 129,669 252,509 223,512 250,019 311,141 759,375 408,099 406,699 435,066 204,069 913,752 364,848 124,251 40,232 149,318 354,860 61,666 25,094 747,879 267,267 419,238 1,173,519 499,454 687,118 1,459,777 1,969,827 751,769 752,815 2,801,937 1,074,721 770,717 172,024 642,154 906,276 86,641 62,608 528,577 693,462 154,293 164,861 150,907 114,827 2007-2008 CONTRIBUTIONS 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 in Honor of Gordon F. Rainey Jr. Henry C. and Margaret Ikenberry, Jr. Martha L. & Bruce A. Karsh King & Spalding Rodger W. Klein Law Alumnae Margaret Love Ronald L. Marmer Wallace M. McClure Graduate Fellowship Hugh D. McCormick Andrew and Connie McElwee McGuireWoods Armistead L. Boothe / McGuireWoods New England James Madison Alice Michiko Noll 2004 Memorial James L. and Lettie Lane North Oder Family Pacific Northwest Students Tim Palmer ’83 Sidney F. Parham, Jr. Frank Brockenbrough Preston, Jr. Ernest Sydney Quick Mary Quinn Rappold Family Charles A. Read F. D. G. Ribble James M. Rinaca 1976 Memorial Mary C. and Roy H. Ritter A. Stuart Robertson, Jr. Sue Robinson Rodriquez Robert J. Rogers James R. Roney, Jr. Mitchell and Laurie Rubenstein Philip T. Ruegger III 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 $ – – – – 6,084 1,150 – 90,890 – 200,000 14,220 – 364,404 – 20,000 – 50 12,700 2,000 400 250 260 – 15,000 10,215 247,786 73,721 – – – 20,000 6,000 – 82,211 175 61,000 50,000 – 2,250 19,819 25,000 2,000 5,000 20,000 1,000 – – – – – – 25,000 – June 30, 2008 MARKET VALUE $ 222,580 181,565 698,450 890,369 560,297 235,059 166,801 265,431 100,375 194,795 645,328 369,977 1,219,052 34,672 158,016 205,839 296,018 12,830 210,733 158,336 220,848 109,555 423,555 234,964 55,324 240,013 71,613 185,817 177,926 130,226 156,990 266,837 195,148 107,941 305,516 61,635 59,205 315,697 79,632 19,253 25,000 190,101 311,608 624,314 180,229 437,070 1,861,404 362,919 30,245 155,615 147,602 496,380 570,537 2007-2008 CONTRIBUTIONS 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 $ – – – – 1,000 – 48,250 – 52,500 June 30, 2008 MARKET VALUE $ 150,787 125,458 461,145 1,725,995 350,222 26,207 144,338 851,070 165,045 $ 2,925,956 $ 52,206,935 $ 10,694 $ 89,861 $ 7,800 – 33,700 – 200 1,650 – 5,450 15 25 750 – 118,003 983 20,000 – 21,956 750 1,320 37,072 488 $ 1,570 951 413,513 5,473 625 2,638 3,600 1,300 50 50 2,002 84,821 146,989 2,712 30,542 23,450 40,538 13,255 21,048 466,539 3,832 $ 10,010 $ 18,804 $ – – 11,000 3,500 – – 250,000 40,000 $ 1,154 917,161 29,108 8,711 6,960 414 241,274 90,000 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 Human Rights Study Project Law and Grad Republicans Law Mock Trial Association 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 Thomas R. Denison Lectureship in Law & Business Richard D. Donchian Public Interest law 2007-2008 CONTRIBUTIONS 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 and Business Program Law and Technology Program Law Library General David and Noreen Mulliken Restricted Christopher J. Murphy, III Restricted John M. Olin Program in Law and Economics W. Sydnor Settle Restricted A. John Simmons Special Temporary Accounts Sunshine Lady Foundation Transactional Teaching Trustees’ Academic Initiative Virginia Tax Study Group Sadie Lewis Webb Lectureship in Law and Medicine Lester E. Zittrain Lectureship TOTAL RESTRICTED FUNDS $ June 30, 2008 MARKET VALUE – 100 – 250 – – 50,000 – 100 50 – 43,500 32,266 15,045 26,300 2,288 32,049 100,000 20,000 398,000 – 5,000 5,600 – – – – 33,033 1,000 $ 40,000 288 446,800 2,476,514 15,092 20,286 144,402 100 16,228 4,761 39 90,658 303,957 41,827 750,064 325,373 66,389 436,447 29,485 361,037 201,778 5,000 104,446 4,714 367,115 408,223 815 53,311 35,913 $ 1,403,831 $ 9,356,119 $ – – 40,664 – – – – – – – – – – – 100 – $ 33,736 287,962 1,145,899 6,117,278 118,710 2,451,500 1,283,641 1,860,826 3,700,491 379,761 1,050,804 374,765 288,633 113,704 19,070 45,211 $ 40,764 $ 19,271,992 VI. Unrestricted Endowments Andrew D. Christian Class of 1929 Class of 1961 Lammot duPont Copeland Richard N. Crockett Henry L. Doherty Memorial Doherty Foundation Doherty-Lassen 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 Annual Report – 9 2007-2008 CONTRIBUTIONS June 30, 2008 MARKET VALUE VII. Restricted Endowments AWARDS Black Law Students Association Promotion of Intellectual Life 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 Professor Carl McFarland Prize Daniel Rosenbloom Award Earle K. Shawe Labor Relations Award James Shoemaker Moot Court Awards James C. Slaughter Honor Award Roger and Madeleine Traynor Award Stephen Pierre 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 10 $ $ 3,560 – – – – – – 8,500 – – – – – – – – $ – – $ – – – – $ $ University of Virginia School of Law 18,038 67,461 40,161 40,164 162,375 4,634 75,707 149,945 208,660 405,128 158,907 79,653 173,965 44,829 137,379 13,472 199,242 224,807 200,388 211,968 241,920 183,277 101,200 – 500 31,500 – 100 10,500 – – 31,250 $ – – – – – – 9,000 – $ 117,995 234,382 202,402 102,041 267,318 373,873 339,111 42,713 1,010,531 145,232 402,727 159,035 42,316 10,372 587,824 243,099 70,832 226,470 2007-2008 CONTRIBUTIONS Jefferson Legal Collection Walter Whitlock Klaus Reading Room 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, 2008 MARKET VALUE $ – 1,750 – – – 500 – $ 18,560 210,109 1,928,384 29,084 70,101 26,774 327,974 $ 100,000 – – – 300 – 310,000 – $ 800,820 315,307 271,574 316,137 104,868 40,660 1,919,343 195,575 – 1,000 20,000 16,500 – 78,417 413,957 81,904 2,303,943 3,060,548 $ – – – – $ 2,099,856 18,873 198,142 132,942 $ – 42,541 200 250 2,375 580 1,111 – $ 713,390 526,168 1,126,061 519 70,631 1,250 36,565 92,174 $ 693,217 $ 25,150,961 2007-2008 CONTRIBUTIONS June 30, 2008 MARKET VALUE VIII. Law Grounds Bradley Arant Rose & White Buy-a-Brick Class of 1950 Dining Room Class of 1967 Alumni Lounge Class of 1977 Dining Terrace Clay Hall Building Maintenance Hunton & Williams Jones Day Kilpatrick Stockton LLP King & Spalding Landscaping Law Alumnae Lobby Law Grounds General 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 $ 100 2,100 23,767 – 83,385 – – 1,200 1,250 – – 1,300 13,525 – – $ 200 1,975 – 1,000 $ 130,002 100 4,746 35,978 4,749 112,419 586,077 100 2,200 1,000 100 647 900 15,559 1,073,041 400 200 725 109 1,000 $ $ – 126,750 $ 8,857,670 117,282 500 – – $ 17,882 3,921 2,070 350,400 – $ 150,292 65,531 $ XI. Center for National Security Law Center for National Security Law Summer Institute $ XII. Student Loan Funds Student Loan Notes Student Loan Fund Investments Morris Student Loan Notes Morris Student Loan Fund Investments GRAND TOTAL $ 500 800 – – $12,148,019 Summary of Contributions $ July 1, 2007– June 30, 2008 Unrestricted Unrestricted Endowment Restricted Restricted Endowment $ 2,676,282 173,323 6,500,887 2,797,527 TOTAL CONTRIBUTIONS $ 12,148,019 Summary of Expenditures X. Appellate Judges LL.M. Program Appellate Judges LL.M. Program Appellate Judges Scholarship Cameron Award for Arizona Judges The financial statements of the University of Virginia Law School Foundation for the fiscal year ending June 30, 2008, have been audited by BDO Seidman, LLP. A copy of the accountant’s report is on file at the Law School Foundation. 1,839,850 IX. Center for Oceans Law and Policy Center for Oceans Law and Policy Rhodes Academy The University holds an additional $51.4 million in funds designated for the Law School. The combined market value of these assets, as of June 30, 2008, was more than $354.4 million. July 1, 2007– June 30, 2008 Law Grounds Faculty Lectures and Events Financial Aid Student Awards and Activities Library Graduate Programs Publications Alumni Events Other Management and General Fundraising $ 1,915,694 5,795,046 1,785,334 2,373,548 220,922 166,008 83,560 308,740 716,252 11,574 1,889,997 1,998,009 TOTAL EXPENDITURES $ 17,264,684 139,222 113,376 54,038 1,813,596 $303,070,085 Annual Report – 11