Form 990 for tax year 2023

Totals

Total revenue

$20,325,054

Total expenses

$12,195,300

Contributions and grants received

$18,629,113

Grants paid

$11,365,096

Program service revenue

$0

Investment income

$1,314,944

Other revenue

$380,997

Total assets, end of year

$171,665,687

Total liabilities, end of year

$47,063,145

Net assets or fund balances, end of year

$124,602,542

Program services expenses (Part IX)

$11,660,107

Management and general expenses

$470,446

Fundraising expenses

$64,747

Program service expenses (Part III)

$11,660,107

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

• EDDIE O'LEARY

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• CARL BURRELL

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• DUKE DODSON

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• MICHAEL JONES

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• JOHN PAOLINI

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• KIERAN DONAHUE

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• DR MICHAEL RAO

  EX-OFFICO TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• CATHY DOSS

  CHAIR-ELECT

  Total calculated

  $0

  Hours/week

  1

• ZACH MCCLUSKEY

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• SEAN BRAZIER

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• KELLY CONWAY

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• CARRIE ROTH

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• CHRIS SMALL

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• LEAH WALKER

  VICE CHAIR

  Total calculated

  $0

  Hours/week

  1

• MARIE KIMMEL

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• KEVIN NICHOLSON

  CHAIR

  Total calculated

  $0

  Hours/week

  1

• JEANETTE CLARK

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• COREY DURANT

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• NIMISHA GUPTA

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• EVERETT REVELEY

  TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• ED MCCOY

  EX-OFFICO TRUSTEE

  Total calculated

  $0

  Hours/week

  1

• LAURA KOTTKAMP

  EXECUTIVE DIRECTOR AND SEC

  Total calculated

  $142,118

  From this org

  $101,589

  From related orgs

  $0

  Other

  $40,529

  Hours/week

  16

• BRIAN FOWLKES

  TREASURER

  Total calculated

  $0

  Hours/week

  1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• VIRGINIA COMMONWEALTH UNIVERSITY

  $11,365,096

  THE FOUNDATION EXISTS SOLELY TO ASSIST, SUPPORT, AND FOSTER VIRGINIA COMMONWEALTH UNIVERSITY IN ALL PROPER WAYS THAT MAY 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.

Provenance

Return type

form_990

Tax year

2023

Filed

12 May 2025

IRS schema version

2023v6.0

Source object

202541349349310959

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