Virginia Commonwealth University Foundation

Organization Overview

Virginia Commonwealth University Foundation is located in Richmond, VA. The organization was established in 1964. 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. Virginia Commonwealth University 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 06/2020, Virginia Commonwealth University Foundation generated $9.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $12.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE EDUCATIONAL,SCIENTIFIC & CHARITABLE ACTIVITIES OF VCU.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY AND RELATED ORGANIZATIONS THROUGH THE MANAGEMENT OF INVESTED FUNDS AND THE ADMINISTRATION OF ACCOUNTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Laura Kottkamp
Executive Director And Secretary
$115,034
Kevin Nicholson
President
$0
Julie Weissend
Vice President
$0
Jim Gregory
Trustee
$0
Michael Jones
Trustee
$0
Cathy Saunders
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$8,886,414
Investment income $455,578
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,211
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,637,107

Grants Awarded

Over the last fiscal year, Virginia Commonwealth University Foundation has awarded $15,908,527 in support to 2 organizations.

Grant RecipientAmount

VIRGINIA COMMONWEALTH UNIVERSITY

PURPOSE: THE FOUNDATION EXISTS SOLELY TO ASSIST, SUPPORT, AND FOSTER VIRGINIA COMMONWEALTH UNIVERSITY IN ALL PROPER WAYS THAT FROM TIME TO TIME BE APPROVED BY THE TRUSTEES OF THE FOUNDATION WITH THE GUIDANCE OF THE UNIVERSITY. THE FOUNDATION MANAGES AND DISTRIBUTES CURRENT AND ENDOWMENT GIFTS FOR ALL SCHOOLS, DEPARTMENTS, AND PROGRAMS THROUGHOUT THE UNIVERSITY WITH MAJOR EMPHASIS ON PROGRAMS FOR THE MONROE PARK CAMPUS.

$15,908,527
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Virginia Commonwealth University Foundation has recieved totaling $1,131,182.

Awarding OrganizationAmount
The Community Foundation Inc

Richmond, VA

PURPOSE: GENERAL PURPOSES

$317,393
Childrens Cancer Research Fund

Minneapolis, MN

PURPOSE: HARD TO TREAT CANCER RESEARCH

$250,000
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$112,413
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$85,000
Pulmonary Fibrosis Foundation

Chicago, IL

PURPOSE: See Part IV

$75,000
Pulmonary Fibrosis Foundation

Chicago, IL

PURPOSE: See Part IV

$75,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50,843,106
Earnings$17,567,339
Net Contributions$3,765,165
Other Expense$1,721,580
Ending Balance$70,454,030

Create an account to unlock the data you need.

or