Virginia Commonwealth University Foundation

Organization Overview

Virginia Commonwealth University Foundation is located in Richmond, VA. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Commonwealth University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Virginia Commonwealth University Foundation generated $17.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $10.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE EDUCATIONAL,SCIENTIFIC & CHARITABLE ACTIVITIES OF VCU.

Describe the Organization's Program Activity:

TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY AND RELATED ORGANIZATIONS THROUGH THE MANAGEMENT OF INVESTED FUNDS AND THE ADMINISTRATION OF ACCOUNTS.


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Board, Officers & Key Employees

Name (title)Compensation
Eddie O'leary
Trustee
$0
Stuart Siegel
Ex-Offico Trustee
$0
Carl Burrell
Trustee
$0
Duke Dodson
Trustee
$0
Michael Jones
Trustee
$0
Julie Weissend
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$16,885,623
Noncash contributions included in lines 1a–1f $5,084,663
Total Revenue from Contributions, Gifts, Grants & Similar$16,885,623
Total Program Service Revenue$0
Investment income $56,400
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,412
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,326,830

Grants Awarded

Over the last fiscal year, Virginia Commonwealth University Foundation has awarded $15,908,527 in support to 2 organizations.

Grant RecipientAmount

VIRGINIA COMMONWEALTH UNIVERSITY

PURPOSE: THE FOUNDATION EXISTS SOLELY TO ASSIST, SUPPORT, AND FOSTER VIRGINIA COMMONWEALTH UNIVERSITY IN ALL PROPER WAYS THAT FROM TIME TO TIME BE APPROVED BY THE TRUSTEES OF THE FOUNDATION WITH THE GUIDANCE OF THE UNIVERSITY. THE FOUNDATION MANAGES AND DISTRIBUTES CURRENT AND ENDOWMENT GIFTS FOR ALL SCHOOLS, DEPARTMENTS, AND PROGRAMS THROUGHOUT THE UNIVERSITY WITH MAJOR EMPHASIS ON PROGRAMS FOR THE MONROE PARK CAMPUS.

$15,908,527
View Grant Profile

Peer Organizations

Organization NameAssets
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Richmond, VA
$75,393,096
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Williamsburg, VA
$79,373,462
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Charlottesville, VA
$36,530,024
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Adelphi, MD
$97,078,608
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Raleigh, NC
$52,520,062
Communities In Schools Inc
Alexandria, VA
$35,985,720
University Of Maryland Baltimore Foundation Inc
Baltimore, MD
$64,089,840
University Of Memphis Foundation
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$38,710,840
Virginia Commonwealth University College Of Engineering Foundation
Richmond, VA
$12,076,889
National League Of Cities Institute Inc
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$27,174,469
University Of Virginia Investment Management Company
Charlottesville, VA
$961,602,712
University Of Virginia Law School Foundation
Charlottesville, VA
$37,875,854
Appalachian State University Foundation Inc
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Wku Student Life Foundation Inc
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University Of North Carolina Chapel Hill Arts And Sciences Foundation
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Benedictine Educational Foundation
Richmond, VA
$10,827,292
The Lord Foundation Of North Carolina
Durham, NC
$17,835,699
University Of Maryland Obstetrical And Gynecological Associates P A
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$21,512,675
The Foundation Of The University Of North Carolina At Charlotte Inc
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Old Dominion University Educational Foundation
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$28,545,693
International School Yangon Association
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$18,245,481
Marshall University Foundation Incorporated
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$48,068,529

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