College Foundation Of The University Of Virginia
- Assets
- $252.4m
- Revenue
- $51.0m
- Investments
- $193.5m
- Employees
- 38
- Location
- Charlottesville, VA
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 54-2009312
Organization Overview
College Foundation Of The University Of Virginia is located in Charlottesville, VA. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, College Foundation Of The University Of Virginia employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Foundation Of The University Of Virginia 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, College Foundation Of The University Of Virginia generated $51.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $21.4m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, College Foundation Of The University Of Virginia has awarded 21 individual grants totaling $110,623,035. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING TO SUPPORT THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES AT THE UNIVERSITY OF VIRGINIA, BY RAISING FUNDS AND BY PROVIDING EXCELLENCE AND JEFFERSONIAN DISTINCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENTAL SUPPORT - FUNDING TO SUPPORT COURSES, ACADEMIC INNOVATION, AND INSTRUCTIONAL NEEDS OF THE SCHOOL'S ACADEMIC DEPARTMENTS AND INTERDISCIPLINARY PROGRAMS. THIS SUPPORT ASLO INCLUDES FUNDING FOR THE UNRESTRICTED USE BY THE DEAN OF THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES. GIFTS TO THE ANNUAL FUND ALLOW THE DEAN TO ADDRESS THE MOST PRESSING NEEDS AND PROMISING OPPORTUNITIES RELATED TO THE 11,458 UNDERGRADUATES AND 1,474 GRADUATE STUDENTS IN THE ARTS AND SCIENCES.
FACULTY EXCELLENCE - FUNDING TO SUPPORT THE EMINENT PROFESSORS INTHE ACADEMIC DISCIPLINES OF ARTS & SCIENCES. EXPENDITURESSUPPORT CUTTING EDGE RESEARCH AND COMPETITIVE COMPENSATION FOR THE APPROXIMATELY 600 SCHOLARS OF THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES FACULTY. GIFTS DIRECTED TO SUPPORT THE FACULTY ENSURE THAT THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES OUTSTANDING CLASSROOM INSTRUCTION CAN CONTINUE.
STUDENT SCHOLARSHIPS, FELLOWSHIPS, AND OTHER PROGRAMS - INCLUDESFUNDING FOR UNDERGRADUATE SCHOLARSHIPS, GRADUATE FELLOWSHIPS,SPECIAL LECTURES, ADVISING, STUDENT RESEARCH, SCHOLARLY AWARDS,AND OTHER STUDENT SUPPORT FOR THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene R Schutt Jr Foundation President | Officer | 40 | $380,027 |
Michael Clarke Senior Director Of Development, Principal Gifts | Officer | 40 | $243,037 |
Cecile B Harper Chief Operating Officer | Officer | 40 | $222,054 |
Paul K Kipps Vice President Of Administration | Officer | 40 | $165,756 |
Alex Fritz Associate Vice President For Development | 40 | $135,982 | |
Michael Connors Associate Director Of Development, Principal Gifts | 40 | $121,783 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uvimco Investment Mgmt | 6/29/22 | $406,333 |
Uva Alumni Association Professional Fees | 6/29/22 | $125,294 |
Advancement Services Llc Execute The Annual Giving Campaign | 6/29/22 | $245,448 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $608,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,426,686 |
| Noncash contributions included in lines 1a–1f | $8,441,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,034,989 |
| Total Program Service Revenue | $0 |
| Investment income | $12,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,482 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,045,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,545,245 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $965,577 |
| Compensation of current officers, directors, key employees. | $114,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,009,230 |
| Pension plan accruals and contributions | $346,134 |
| Other employee benefits | $434,982 |
| Payroll taxes | $233,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,920 |
| Fees for services: Accounting | $160,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $211,465 |
| Fees for services: Investment Management | $418,872 |
| Fees for services: Other | $27,528 |
| Advertising and promotion | $0 |
| Office expenses | $65,342 |
| Information technology | $48,669 |
| Royalties | $0 |
| Occupancy | $360,688 |
| Travel | $158,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,698 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,334 |
| Insurance | $34,820 |
| All other expenses | $0 |
| Total functional expenses | $21,419,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,546,030 |
| Savings and temporary cash investments | $928,270 |
| Pledges and grants receivable | $36,929,454 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,658 |
| Net Land, buildings, and equipment | $250,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $193,516,644 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,090,426 |
| Total assets | $252,362,262 |
| Accounts payable and accrued expenses | $1,284,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,284,246 |
| Net assets without donor restrictions | $8,347,117 |
| Net assets with donor restrictions | $242,730,899 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $252,362,262 |
Grants Awarded
Over the last fiscal year, College Foundation Of The University Of Virginia has awarded $14,545,157 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: STUDENT AND PROGRAM SUPPORT | $14,069,100 |
Charlottesville, VA PURPOSE: SUPPORT FOR GRADUATE STUDENTS | $476,057 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that College Foundation Of The University Of Virginia has recieved totaling $2,203,256.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: SUPPORTING THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $327,050 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $200,500 |
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $120,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $115,797 |
Dechomai Foundation Inc Jacksonville, FL PURPOSE: unrestricted | $103,132 |
Endowment Analysis
| Beg. Balance | $183,568,097 |
| Earnings | -$10,373,247 |
| Admin Expense | $413,003 |
| Net Contributions | $21,423,741 |
| Grants | $4,434,307 |
| Ending Balance | $189,771,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |