University Of Virginia Foundation

Organization Overview

University Of Virginia Foundation is located in Charlottesville, VA. The organization was established in 1995. 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 06/2022, University Of Virginia Foundation employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Virginia 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, University Of Virginia Foundation generated $36.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $38.1m during the year ending 06/2022. While expenses have increased by 6.5% 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

TO PROVIDE ADMINISTRATIVE SERVICES TO UNIVERSITY ENTITIES, UNIVERSITY ASSOCIATED ORGANIZATIONS, OR OTHER ENTITIES INVOLVED IN ACTIVITIES WHICH SUPPORT THE UNIVERSITY. TO ENGAGE IN MATTERS PERTAINING TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY. TO THAT END, THE FOUNDATION SHALL ENGAGE IN REAL ESTATE ACTIVITIES FOR ONE OR MORE OF THE FOLLOWING REASONS: TO SUPPORT THE UNIVERSITY'S PRIMARY PROGRAMS; TO PROVIDE AN INVESTMENT RETURN; TO PROVIDE FOR THE REAL ESTATE NEEDS OF THE UNIVERSITY FOR THE NEXT 100 YEARS; AND TO IMPROVE THE UNIVERSITY'S BOUNDARIES AND ENTRANCES. TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVISES FOR THE BENEFIT OF THE UNIVERSITY.

Describe the Organization's Program Activity:

TO PROVIDE ADMINISTRATIVE SERVICES TO UNIVERSITY OF VIRGINIA (UNIVERSITY) ENTITIES, UNIVERSITY ASSOCIATED ORGANIZATIONS, OR OTHER ENTITIES INVOLVED IN ACTIVITIES THAT SUPPORT THE UNIVERSITY. TO ENGAGE IN MATTERS PERTAINING TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY. TO THAT END, THE FOUNDATION SHALL ENGAGE IN REAL ESTATE ACTIVITIES FOR ONE OR MORE OF THE FOLLOWING REASONS: TO SUPPORT THE UNIVERSITY'S PRIMARY PROGRAMS; TO PROVIDE AN INVESTMENT RETURN; TO PROVIDE FOR THE REAL ESTATE NEEDS OF THE UNIVERSITY FOR THE NEXT 100 YEARS; AND TO IMPROVE THE UNIVERSITY'S BOUNDARIES AND ENTRANCES.


THE FOUNDATION PROVIDES ACCOUNTING SERVICES TO SOME UNIVERSITY ASSOCIATED ORGANIZATIONS (UAO'S). EACH OF THE UAO'S IS TAX EXEMPT UNDER SECTION 501(C)(3). THE SERVICES PROVIDED INCLUDE BOOKKEEPING, FINANCIAL ANALYSIS, INVESTMENT ASSISTANCE, BUDGET MANAGEMENT, MANAGEMENT OF AUDIT PROCESS, GENERAL CONSULTING, AND FINANCIAL REPORTING. THE FOUNDATION ALSO PROVIDES ADMINISTRATION OF PAYROLL AND BENEFITS FOR SEVERAL UAO'S. BY PROVIDING THESE SERVICES, THE FOUNDATION ENABLES THE UNIVERSITY OF VIRGINIA TO CONCENTRATE MORE RESOURCES (BOTH PERSONNEL AND FINANCIAL) ON RAISING FUNDS FOR ITS EDUCATIONAL PURPOSES. THE FOUNDATION PROVIDES THE ABOVE-MENTIONED SERVICES FOR THE FOLLOWING UAO'S: UVA HEALTH FOUNDATION, UVA'S COLLEGE AT WISE FOUNDATION, INC., UVA SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT FOUNDATION, UVA SCHOOL OF ARCHITECTURE FOUNDATION, THE UNIVERSITY OF VIRGINIA MEDICAL SCHOOL FOUNDATION, LEIFUR EIRIKSSON FOUNDATION, AND THE UNIVERSITY OF VIRGINIA ALUMNI BOARD OF TRUSTEES OF THE ENDOWMENT.


THE FOUNDATION GRANTS SCHOLARSHIPS ANNUALLY. THE SCHOLARSHIPS ARE AWARDED TO GRADUATING SENIOR HIGH SCHOOL STUDENTS. THE FOUNDATION ASKS ALL OF THE PUBLIC AND PRIVATE HIGH SCHOOLS IN VIRGINIA TO NOMINATE ONE GRADUATING SENIOR HIGH SCHOOL STUDENT. THE FOUNDATION HAS FOUND THAT MORE THAN 600 STUDENTS WILL BE NOMINATED FOR THE ELEVEN SCHOLARSHIPS EACH YEAR. THE PRIMARY CRITERIA WILL BE SCHOLASTIC ABILITY. ADDITIONAL CRITERIA INCLUDE EXCELLENCE OF CHARACTER, QUALITIES OF LEADERSHIP, PUBLIC SERVICE AND DEVOTION TO DUTY. AWARDS HAVE BEEN GRANTED FOR APPROXIMATELY 20 YEARS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Contour Construction
Excavation And Utilities
$1,150,311
Dumontjanks Llc
Consulting
$736,241
Bridgeport Construction Co Llc
Construction
$322,478
Williams Lawncare And Landscaping Inc
Landscaping
$267,879
Martin Horn Inc
Construction
$234,891
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$700,150
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$700,150
Total Program Service Revenue$32,144,490
Investment income $30,382
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $839,412
Net Gain/Loss on Asset Sales $1,615,590
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,530,024

Grants Awarded

Over the last fiscal year, University Of Virginia Foundation has awarded $19,206,618 in support to 6 organizations.

Grant RecipientAmount

ALBEMARLE CONSERVATION EASEMENT AUTHORITY

PURPOSE: CONSERVATION OF NATURAL RESOURCES

$3,750,000

ALBEMARLE CONSERVATION EASEMENT AUTHORITY

PURPOSE: CONSERVATION OF NATURAL RESOURCES

$3,750,000

ALBEMARLE CONSERVATION EASEMENT AUTHORITY

PURPOSE: CONSERVATION OF NATURAL RESOURCES

$3,750,000

UNIVERSITY OF VIRGINIA

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: OPERATING SUPPORT

$2,652,206

UNIVERSITY OF VIRGINIA

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: OPERATING SUPPORT

$2,652,206

UNIVERSITY OF VIRGINIA

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: OPERATING SUPPORT

$2,652,206
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 40 grants that University Of Virginia Foundation has recieved totaling $611,205.

Awarding OrganizationAmount
Murdough Foundation

Hudson, OH

PURPOSE: FUNDING FOR THE RENOVATION OF THE MCCUE CENTER

$200,000
Dechomai Asset Trust

Jacksonville, FL

PURPOSE: unrestricted

$106,500
American College Of Radiology

Reston, VA

PURPOSE: INNOVATION GRANT

$100,000
Flow Foundation Inc

Winstonsalem, NC

PURPOSE: CHRISTIAN STUDY CENTER

$57,500
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$25,000
Charlottesville Area Community Foundation

Charlottesville, VA

PURPOSE: GENERAL PURPOSES

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$127,104,980
Earnings-$5,860,739
Other Expense$4,560,370
Ending Balance$116,683,871

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