Eastern Virginia Medical School Foundation

Organization Overview

Eastern Virginia Medical School Foundation is located in Norfolk, VA. The organization was established in 1970. 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. Eastern Virginia Medical 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 06/2022, Eastern Virginia Medical School Foundation generated $19.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 5.4% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION SERVES TO STRENGTHEN THE FINANCIAL SECURITY OF THE EASTERN VIRGINIA MEDICAL SCHOOL BY ACCEPTING, INVESTING AND MANAGING GIFTS, DONATIONS AND BEQUESTS.

Describe the Organization's Program Activity:

RESTRICTED GRANTS GIVEN TO THE EASTERN VIRGINIA MEDICAL SCHOOL FOR MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS.


APPROPRIATIONS FOR MAINTENANCE AND OPERATIONS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.


APPROPRIATIONS FOR PROGRAM AND PROFESSORSHIP ENHANCEMENTS OF THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.


APPROPRIATIONS FOR STUDENT SCHOLARSHIPS AT THE EASTERN VIRGINIA MEDICAL SCHOOL APPROVED BY THE BOARD OF THE FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Shirley C Baldwin
Chair
$0
Mark B Dreyfus
Treasurer
$0
Stephen M Snyder
Secretary
$0
Clyde T Clark Jr
Trustee
$0
Andy Fine
Trustee
$0
Steven D Fredrickson
Trustee
$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$9,527,358
Noncash contributions included in lines 1a–1f $388,690
Total Revenue from Contributions, Gifts, Grants & Similar$9,527,358
Total Program Service Revenue$0
Investment income $1,272,794
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,206,328
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,028,464

Grants Awarded

Over the last fiscal year, Eastern Virginia Medical School Foundation has awarded $6,823,246 in support to 2 organizations.

Grant RecipientAmount

EASTERN VIRGINIA MEDICAL SCHOOL

Org PageRecipient Profile

Norfolk, VA

PURPOSE: SUPPORT EVMS PROFESSORSHIPS, CHAIRS, AND OPERATIONS, SCHOLARSHIPS

$6,778,818

EASTERN VIRGINIA MEDICAL SCHOOL MEDICAL GROUP

Org PageRecipient Profile

Norfolk, VA

PURPOSE: RESEARCH AND EDUCATION APPROPRIATIONS, SCHOLARSHIPS

$44,428
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Eastern Virginia Medical School Foundation has recieved totaling $50,000.

Awarding OrganizationAmount
Breeden-Adams Foundation

Norfolk, VA

PURPOSE: MEDICAL RESEARCH

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$152,680,070
Earnings-$15,050,978
Net Contributions$4,149,324
Grants$4,152,705
Ending Balance$137,625,711

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