Vc Medical Endowment Tr

Organization Overview

Vc Medical Endowment Tr is located in Sioux Falls, SD. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vc Medical Endowment Tr 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, Vc Medical Endowment Tr generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE EXCLUSIVE PURPOSES OF THIS TRUST ARE EDUCATIONAL AND CHARITABLE. THE TRUST IS FORMED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) TO SUPPORT THE EXEMPT PURPOSES OF ITS SOLE BENEFICIARY - EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE (VCOM).

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN ACCORDANCE WITH ITS EXEMPT MISSION, THE TRUST RECEIVES ANDHOLDS FUNDS ON BEHALF OF VCOM. THESE FUNDS ARE THEN INVESTED INTOVARIOUS PORTFOLIOS THAT GENERATE DIVIDEND AND INTEREST REVENUE.THE TRUST THEN MAKES DISTRIBUTIONS TO ITS BENEFICIARY, VCOM.


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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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $423,615
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,053,221
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,476,836

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Vc Medical Endowment Tr has recieved totaling $13,061,390.

Awarding OrganizationAmount
Edward Via Virginia College Of Osteopathic Medicine

Blacksburg, VA

PURPOSE: See Part IV

$9,774,188
Edward Via Virginia College Of Osteopathic Medicine

Blacksburg, VA

PURPOSE: SEE PART IV

$3,287,202
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,351,769
Earnings-$2,170,940
Admin Expense$1,606,343
Ending Balance$16,574,486

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