The University Of Virginias College At Wise Foundation Inc

Organization Overview

The University Of Virginias College At Wise Foundation Inc is located in Wise, VA. The organization was established in 1993. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. University Of Virginias College At Wise Foundation Inc 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 06/2021, University Of Virginias College At Wise Foundation Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE FOUNDATION, INC. IS TO AID AND SUPPORT THE ACADEMIC, ATHLETIC AND STUDENT LIFE PROGRAMS OF THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE BY SOLICITING AND OBTAINING FUNDS FOR THE FURTHERANCE OF THOSE PROGRAMS. THE FOUNDATION ALSO SOLICITS AND RAISES FUNDS FOR THE PURCHASE AND MANAGEMENT OF PROPERTY, IMPROVED OR UNIMPROVED, EXCLUSIVELY FOR THE EDUCATIONAL BENEFIT OF THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OFFICE OF ADVANCEMENT, IN CONJUNCTION WITH THE WISE FOUNDATION, RAISES FUNDS IN SUPPORT OF ACADEMICS. GIFTS SUPPORT ENDOWED FUNDS DESIGNATED FOR PROFESSORSHIPS, LECTURESHIPS, SCHOLARSHIPS, AWARDS, AND OPERATIONAL SUPPORT. IN ADDITION, FUNDS ARE RAISED TO SUPPORT EXPERIENTIAL LEARNING OPPORTUNITIES SUCH AS STUDY ABROAD, UNDERGRADUATE RESEARCH, AND INTERNSHIPS. THE COLLEGE'S TOTAL ENROLLMENT FOR THE YEAR WAS 1,899. OF THIS NUMBER, 73% OF THE STUDENTS AT THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE WERE ELIGIBLE FOR SOME FORM OF FINANCIAL ASSISTANCE AND A HIGH PERCENTAGE OF STUDENTS HAVE NO FAMILY SUPPORT.


THE OFFICE OF ADVACEMENT SOLICITS AND OBTAINS FUNDS TO SUPPORT THE COLLEGE'S ATHLETIC PROGRAM. GIFTS SUPPORT SCHOLARSHIPS, GENERAL OPERATING EXPENSES, AND SPECIAL PROJECTS THAT PROMOTE THE SUCCESS OF THE PROGRAM AND STUDENT ATHLETES.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Don M Green
President
$0
Mr Brian K Blanton
Treasurer
$0
Mr Jeffery A Sturgill
Vice President
$0
Mrs Marcia Adams Gilliam
Chair
$0
Mrs Valerie S Lawson
Secretary/chief Operating
$0
Dr Chris M Basham
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $74,673
All other contributions, gifts, grants, and similar amounts not included above$1,782,552
Noncash contributions included in lines 1a–1f $77,819
Total Revenue from Contributions, Gifts, Grants & Similar$1,857,225
Total Program Service Revenue$68,169
Investment income $58
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$286
Net Income from Fundraising Events $5,456
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,930,622

Grants Recieved

Over the last fiscal year, we have identified 9 grants that The University Of Virginias College At Wise Foundation Inc has recieved totaling $536,863.

Awarding OrganizationAmount
Lettie Pate Whitehead Foundation Inc

Atlanta, GA

PURPOSE: For general scholarship support.

$397,100
The Thompson Charitable Foundation

Knoxville, TN

PURPOSE: SCHOLARSHIPS

$50,000
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$40,250
Hampton Roads Community Foundation

Norfolk, VA

PURPOSE: FOR THE COLGATE DARDEN SCHOLARSHIP FUND

$15,000
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$11,593
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$11,485
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,388,612
Earnings$10,245,551
Net Contributions$299,777
Other Expense$1,037,853
Ending Balance$29,896,087

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