University Of Virginia Darden School Foundation
- Assets
- $664.7m
- Revenue
- $80.4m
- Investments
- $464.5m
- Employees
- 90
- Location
- Charlottesville, VA
- Founding
- 08/2018
- Data as of
- 06/2021
- EIN
- 54-6046419
Organization Overview
University Of Virginia Darden School Foundation is located in Charlottesville, VA. The organization was established in 2018. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University Of Virginia Darden School Foundation employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Virginia Darden School 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 06/2021, University Of Virginia Darden School Foundation generated $80.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $50.1m during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 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, University Of Virginia Darden School Foundation has awarded 21 individual grants totaling $150,407,961. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE FOUNDATION MANAGES ENDOWMENT FUNDS FOR THE EXCLUSIVE BENEFIT OF THE DARDEN SCHOOL, OPERATES TOP-RANKED EXECUTIVE EDUCATION PROGRAMS, MANAGES HOSPITALITY SERVICES AT THE SCHOOL'S GOODWIN FAMILY GROUNDS AND SANDS FAMILY GROUNDS LOCATIONS, AND PROMOTES PHILANTHROPIC LIFE-LONG SUPPORT OF THE SCHOOL BY ALUMNI, FRIENDS AND CORPORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley M Williams Ceo, Executive Education | Officer | 50 | $396,010 |
Michael J Woodfolk President | Officer | 50 | $301,264 |
Kara Ramirez Mullins VP Of Advance. (thru 9/25/20) | Officer | 50 | $261,086 |
Laurence P Murphy President & Coo, Executive Edu | 50 | $233,655 | |
Samantha G Hartog Interim VP Of Advancement | 50 | $217,952 | |
William S Robinson Executive Director, Ple | 50 | $184,437 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Univ Of Va Investment Management C Investment Mgmt. | 6/29/21 | $859,371 |
Flik International Corporation Management Fees | 6/29/21 | $320,065 |
Gibson Dunn Crutcher Llp Legal Services | 6/29/21 | $320,073 |
Martin N Davidson Teaching Services | 6/29/21 | $218,250 |
Stephen Michael Vardell Project Management | 6/29/21 | $194,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,902,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,936,649 |
| Noncash contributions included in lines 1a–1f | $3,670,307 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,839,249 |
| Total Program Service Revenue | $19,587,862 |
| Investment income | $236,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,659,953 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,428,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,393,168 |
| 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. | $1,283,244 |
| Compensation of current officers, directors, key employees. | $638,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,338,428 |
| Pension plan accruals and contributions | $679,710 |
| Other employee benefits | $649,330 |
| Payroll taxes | $944,286 |
| Fees for services: Management | $310,801 |
| Fees for services: Legal | $61,710 |
| Fees for services: Accounting | $93,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $697,715 |
| Fees for services: Other | $4,172,286 |
| Advertising and promotion | $760,342 |
| Office expenses | $1,079,496 |
| Information technology | $508,777 |
| Royalties | $70,760 |
| Occupancy | $2,771,180 |
| Travel | $1,347,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,387 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $757,330 |
| Insurance | $129,344 |
| All other expenses | $0 |
| Total functional expenses | $50,051,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,463,217 |
| Pledges and grants receivable | $45,190,093 |
| Accounts receivable, net | $3,265,807 |
| 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 | $1,705,544 |
| Net Land, buildings, and equipment | $32,113,073 |
| Investments—publicly traded securities | $57,160,999 |
| Investments—other securities | $464,492,164 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,301,646 |
| Total assets | $664,692,543 |
| Accounts payable and accrued expenses | $7,107,157 |
| Grants payable | $0 |
| Deferred revenue | $1,327,326 |
| 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 | $7,802,455 |
| Unsecured mortgages and notes payable | $3,000,000 |
| Other liabilities | $6,503,584 |
| Total liabilities | $25,740,522 |
| Net assets without donor restrictions | $66,115,327 |
| Net assets with donor restrictions | $572,836,694 |
| 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 | $664,692,543 |
Grants Awarded
Over the last fiscal year, University Of Virginia Darden School Foundation has awarded $49,042,768 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: see part iv | $24,040,768 |
Charlottesville, VA PURPOSE: see part iv | $24,040,768 |
Charlottesville, VA PURPOSE: See part IV | $240,308 |
Charlottesville, VA PURPOSE: See part IV | $240,308 |
Charlottesville, VA PURPOSE: see part iv | $240,308 |
Charlottesville, VA PURPOSE: see part iv | $240,308 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that University Of Virginia Darden School Foundation has recieved totaling $4,942,269.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $2,625,435 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $898,519 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $252,200 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $192,600 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $126,500 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $122,500 |
Endowment Analysis
| Beg. Balance | $415,386,731 |
| Earnings | $163,942,942 |
| Admin Expense | $697,715 |
| Net Contributions | $18,048,648 |
| Grants | $25,159,998 |
| Ending Balance | $571,520,608 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
West Virginia Univ Foundation Inc Morgantown, WV | $1,952,164,791 | $155,430,683 |
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |