Jefferson Scholars Foundation

Organization Overview

Jefferson Scholars Foundation 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, Jefferson Scholars Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Scholars 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, Jefferson Scholars Foundation generated $36.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $25.7m during the year ending 06/2021. While expenses have increased by 7.5% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE JEFFERSON SCHOLARS FOUNDATION (FOUNDATION) PROVIDES ACADEMIC MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA).

Describe the Organization's Program Activity:

SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP PROGRAM IN SUPPORT OF UVA.THE FOUNDATION AWARDS ACADEMIC MERIT-BASED, FULL COST, FOUR-YEAR SCHOLARSHIP GRANTS TO BETWEEN 31 AND 35 INCOMING UNDERGRADUATES EACH YEAR. THE FOUNDATION ALSO AWARDED 19 ACADEMIC MERIT-BASED, GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES AND 7 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS DURING FISCAL YEAR 2021. LASTLY, THE FOUNDATION FUNDED, IN WHOLE OR IN PART, THE SALARIES, BENEFITS, AND OTHER RELATED COSTS OF 5 UVA PROFESSORS. OVERALL, THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO 266 STUDENTS AND FACULTY.


SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP PROGRAM IN SUPPORT OF UVA.THE FOUNDATION AWARDS ACADEMIC MERIT-BASED, FULL COST, FOUR-YEAR SCHOLARSHIP GRANTS TO BETWEEN 31 AND 35 INCOMING UNDERGRADUATES EACH YEAR. THE FOUNDATION ALSO AWARDED 19 ACADEMIC MERIT-BASED, GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES AND 7 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS DURING FISCAL YEAR 2021. LASTLY, THE FOUNDATION FUNDED, IN WHOLE OR IN PART, THE SALARIES, BENEFITS, AND OTHER RELATED COSTS OF 5 UVA PROFESSORS. OVERALL, THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO 266 STUDENTS AND FACULTY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Uva Investment Management Company
Investment Management
$1,026,636
Alexander Nicholson Inc
Construction
$477,492
Colliers International Asset Services L
Building Maintenance
$117,918
Journey Group Inc
Marketing & Communication
$111,225
Uva Investment Management Company
Investment Management
$1,026,636
Alexander Nicholson Inc
Construction
$477,492
View All Vendors

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$34,505,149
Noncash contributions included in lines 1a–1f $1,047,613
Total Revenue from Contributions, Gifts, Grants & Similar$34,505,149
Total Program Service Revenue$0
Investment income $1,183,302
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $107,818
Net Gain/Loss on Asset Sales $833,105
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,629,374

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Jefferson Scholars Foundation has recieved totaling $20,000.

Awarding OrganizationAmount
The Mdc Foundation

Charlottesville, VA

PURPOSE: GENERAL

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$393,827,943
Earnings$190,586,339
Admin Expense$840,178
Net Contributions$20,199,128
Other Expense$9,179,753
Grants$11,512,027
Ending Balance$583,081,452

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