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← ALUMNI BOARD OF THE UNIVERSITY OF VIRGINIA ENDOWMENT FUND

Form 990 for tax year 2023

Filed by ALUMNI BOARD OF THE UNIVERSITY OF VIRGINIA ENDOWMENT FUND.

Totals

Total revenue
$5,212,705
Total expenses
$5,369,244
Contributions and grants received
$0
Grants paid
$5,048,766
Program service revenue
$0
Investment income
$5,212,705
Other revenue
$0
Total assets, end of year
$99,918,110
Total liabilities, end of year
$4,869,066
Net assets or fund balances, end of year
$95,049,044
Program services expenses (Part IX)
$5,048,766
Management and general expenses
$320,478
Fundraising expenses
$0
Program service expenses (Part III)
$5,048,766

Program services were 94.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 7a · Gross sales of assets other than inventory

    securities $5,212,705

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $5,212,705

  • 7d · Net gain or loss

    total $5,212,705 · excluded $5,212,705

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,048,766 · program services $5,048,766

  • 11c · Fees: accounting

    total $13,100 · management and general $13,100

  • 11f · Fees: investment management

    total $290,783 · management and general $290,783

  • 13 · Office expenses

    total $10,022 · management and general $10,022

  • 23 · Insurance

    total $6,573 · management and general $6,573

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $48,425 · end of year $58,730

  • 12 · Investments: other securities

    beginning of year $98,181,002 · end of year $99,859,380

  • 18 · Grants payable

    beginning of year $4,702,222 · end of year $4,869,066

  • 28 · Net assets with donor restrictions

    beginning of year $93,527,205 · end of year $95,049,044

Mission and programs · 2023

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT TO AND FOR THE BENEFIT OF THE UNIVERSITY OF VIRGINIA AND ITS EDUCATIONAL PROGRAMS.

  • THE ALUMNI BOARD OF TRUSTEES OF THE UNIVERSITY OF VIRGINIA ENDOWMENT FUND (THE ALUMNI BOARD) ACCEPTS GIFTS ON BEHALF OF THE UNIVERSITY OF VIRGINIA, MANAGES THE INVESTMENT OF THOSE GIFTS, AND DISTRIBUTES THE INCOME TO THE UNIVERSITY OF VIRGINIA AND RELATED ENTITIES ACCORDING TO THE WISHES OF THE DONOR AND/OR THE ALUMNI BOARD AS APPROPRIATE. FOR THE YEAR ENDED JUNE 30, 2024, THE ALUMNI BOARD APPROPRIATED $5,048,766 FOR EXPENDITURE FOR THE BENEFIT OF THE UNIVERSITY OF VIRGINIA AND ITS EDUCATIONAL PURPOSES.

    Expenses $5,048,766 · Grants $5,048,766

As filed on the 2023 return.

Listed in Part VII

  • James E Ryan

    PRESIDENT

    Total calculated
    $1,328,724
    From this org
    $0
    From related orgs
    $1,001,946
    Other
    $326,778
    Hours/week
    0.5 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $870,036 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $31,910 related
    Deferred
    $0 + $290,808 related
    Nontaxable benefits
    $0 + $35,970 related
    Filer's total
    $0 + $1,328,724 related

  • Susan G Harris

    SECRETARY/TREASURER

    Total calculated
    $353,287
    From this org
    $0
    From related orgs
    $276,824
    Other
    $76,463
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,305 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $2,519 related
    Deferred
    $0 + $52,068 related
    Nontaxable benefits
    $0 + $24,395 related
    Filer's total
    $0 + $353,287 related

  • Dorothy Batten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • J Davis Hamlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Edward C Mitchell Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Blaine T Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Jeffrey C Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202443169349303724

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