William Joseph Burns
Director
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $5.2 M - $17.1 M
Salary
  • salary
    Unknown
Employment
  • Started 03/18/2021

Financial Disclosure Details - OGE Form 278e (05/31/2022)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Washington DC, District of Columbia
President
3/2021
2
Memphis, Tennessee
Board Member
2/2021
3
NY, NY and London, Outside U.S.
Global Advisory Board Member
3/2021
4
New York, New York
Member, Board of Directors
1/2021
5
New York, New York
Member, Board of Trustees and Advisory Council
1/2021
6
New York, New York
Member, Board of Directors
1/2021
7
Washington, District of Columbia
Member, Board of Directors
1/2021
8
New York, New York
Member, International Board
1/2021

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Carnegie Endowment for International Peace
Salary
$17,604
2
Macro Advisory Partners (global strategic advisory firm)
Salary
$37,500
3
International Paper Co. (IP)
Director Fees (cash compensation)
$18,667
4
Makena Capital Management LLC
Annual board payment (for CY2020 services)(resigne d 12/20)
$200,000
5
Carnegie Endowment for International Peace 403(b) Account
5.1
T Rowe Price Retirement 2030 Fund (TRRCX)
$500,001 - $1,000,000
None (or less than $201)
6
"Back Channel: A Memoir of Diplomacy and the Case for Its Renewal," Random House (value not readily ascertainable)
Rent or Royalties
None (or less than $201)
7
International Paper Stock (vested common stock)
$100,001 - $250,000
Dividends
$1,001 - $2,500
8
International Paper Restricted Stock Units (vested)
$1,000,001 - $5,000,000
None (or less than $201)
9
"Back Channel: A Memoir of Diplomacy and the Case for Its Renewal," Hurst Publishers, UK Foreign Rights (value not readily ascertainable)
Rent or Royalties
$2,501 - $5,000

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
Washington, District of Columbia
I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation.
3/2015
2
Memphis, Tennessee
In accordance with the terms of the International Paper Company Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (Plan), when I resigned from my position with International Paper, a pro rata portion of my restricted stock vested based on the number of months that I served on the board during the period May 2020-April 2021. I forfeited any restricted stock that was unvested as of the date of my resignation. Also pursuant to the Plan, in January 2022 International Paper liquidated my vested restricted stock units and gave me a cash payout that was determined based upon the closing value of the stock as of December 2021.
2/2015

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
Nothing reported in this section

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
United Nations/Office of Coordinator for Humanitarian Affairs (OCHA)
salary
2
Center for Strategic and International Studies 401(k)
2.1
TIAA Traditional
$15,001 - $50,000
None (or less than $201)
2.2
CREF Stock R2
$50,001 - $100,000
None (or less than $201)
2.3
CREF Inflation Linked Bond R2
$15,001 - $50,000
None (or less than $201)
2.4
CREF Money Market R2
$1,001 - $15,000
None (or less than $201)
3
United Nations Defined Benefit Pension Plan (value not readily ascertainable)
Retirement Payments

Other Assets and Income

#
Description
Value
Type
Amount
1
INVESTMENT ACCOUNT
1.1
American funds EuroPacific Growth Fund Class F2 Shares (AEPFX)
$250,001 - $500,000
$5,001 - $15,000
1.2
American Funds New World Fund, Inc Class F2 Shares (NFFFX)
$250,001 - $500,000
$1,001 - $2,500
1.3
AMG Yacktman Fund Class I Shares (YACKX)
$100,001 - $250,000
$1,001 - $2,500
1.4
BlackRockGlobal Allocation Fund, Inc Institutional Shares (MALOX)
$100,001 - $250,000
$2,501 - $5,000
1.5
Cullen High Dividend Equity Fund Class I Shares (CHDVX)
$100,001 - $250,000
$2,501 - $5,000
1.6
First EagleGlobal Fund Class I Shares (SGIIX)
$250,001 - $500,000
$5,001 - $15,000
1.7
Goldman Sachs GQG Partners International Opportunities Fund Institutional Class Shs (GSIMX)
$100,001 - $250,000
$2,501 - $5,000
1.8
Invesco Balanced-Risk Allocation Fund Class Y Shares (ABRYX)
$100,001 - $250,000
$15,001 - $50,000
1.9
Permanent Portfolio Class I Shares (PRPFX)
$100,001 - $250,000
$201 - $1,000

Transactions

#
Description
Type
Date
Amount
1
PIMCO Income Fund Class R - Shares (PONRX) - multiple
Purchase
$15,001 - $50,000
2
First EagleGlobal Fund Class -I Shares (SGIIX) - multiple
Purchase
$15,001 - $50,000
3
Vanguard Institutional Short-Term Bond Fund Institutional Plus Shares (VISTX)
Purchase
12/29/2021
$50,001 - $100,000
4
Permanent Portfolio Class I Shares (PRPFX)
Purchase
12/09/2021
$1,001 - $15,000
5
T Rowe Price Dividend Growth Fund, Inc (PRDGX)
Purchase
12/15/2021
$1,001 - $15,000
6
AMG Yacktman Fund Class I Shares (YACKX)
Purchase
12/16/2021
$1,001 - $15,000
7
Invesco Balanced-Risk Allocation Fund Class Y Shares (ABRYX)
Purchase
12/17/2021
$15,001 - $50,000
8
American Funds EuroPacific Growth Fund Class F2 (AEPFX) - multiple
Purchase
$15,001 - $50,000
9
American Funds New World Fund (NFFFX)
Purchase
12/20/2021
$15,001 - $50,000
10
Goldman Sachs GQG Partners International Opportunities Fund Institutional Class Shs (GSIMX) - multiple
Purchase
$1,001 - $15,000

Liabilities

#
Creditor
Amount
Incurred
Term
1
Wells Fargo
$250,001 - $500,000
2008
30 year fixed

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
2
7
In May 2021, a pro rata portion of my restricted stock vested based on the number of months I served on the board during the period May 2020 - April 2021. I forfeited restricted stock that was not vested as of my resignation date.
2
8
Per my nominee 278e report, in January 2022 International Paper liquidated these RSUs based on the value of the stock as of 12/31/21.
5
1
My spouse retired September 2021.
6
2
Holding inadvertenly omitted on Nominee Report. De minimis value at all times during reporting period.
6
3
International Paper's board of directors announced in Sept. 2021 that it declared a distribution of outstanding shares of Sylvamo Corp. such that each International Paper shareholder received one share of Sylvamo common stock for every eleven shares of IP common stock held on the record date.

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