Form 990 for tax year 2024
Filed by LONGWOOD UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $12,352,007
- Total expenses
- $12,769,493
- Contributions and grants received
- $5,698,598
- Grants paid
- $10,328,855
- Program service revenue
- $0
- Investment income
- $6,580,855
- Other revenue
- $72,554
- Total assets, end of year
- $116,073,655
- Total liabilities, end of year
- $1,401,130
- Net assets or fund balances, end of year
- $114,672,525
- Program services expenses (Part IX)
- $10,437,665
- Management and general expenses
- $1,535,047
- Fundraising expenses
- $796,781
- Program service expenses (Part III)
- $10,437,665
Program services were 81.7% 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.
-
1f · All other contributions, gifts and grants
$5,698,598
-
1g · Noncash contributions included above
$424,289
-
3 · Investment income
total $1,828,804 · unrelated business $47,901 · excluded $1,780,903
-
5 · Royalties
total $10,620 · excluded $10,620
-
7a · Gross sales of assets other than inventory
securities $1,794,479 · other assets $3,148,750
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $191,178
-
7c · Gain or loss
securities $1,794,479 · other assets $2,957,572
-
7d · Net gain or loss
total $4,752,051 · excluded $4,752,051
-
11a · Other revenue: OTHER
total $61,934 · excluded $61,934
-
11e · Other revenue, total
$61,934
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,328,855 · program services $10,328,855
-
5 · Compensation of officers, directors and key employees
total $467,426 · management and general $467,426
-
7 · Other salaries and wages
total $958,118 · management and general $166,395 · fundraising $791,723
-
11b · Fees: legal
total $8,685 · program services $3,740 · management and general $471 · fundraising $4,474
-
11c · Fees: accounting
total $46,409 · management and general $46,409
-
11f · Fees: investment management
total $639,585 · management and general $639,585
-
11g · Fees: other
total $162,227 · program services $99,675 · management and general $62,552
-
13 · Office expenses
total $10,323 · management and general $10,323
-
14 · Information technology
total $73,561 · management and general $73,561
-
16 · Occupancy
total $6,914 · management and general $6,914
-
17 · Travel
total $26,919 · management and general $26,919
-
19 · Conferences, conventions and meetings
total $1,767 · management and general $1,767
-
22 · Depreciation, depletion and amortization
total $2,125 · program services $2,125
-
23 · Insurance
total $12,790 · program services $500 · management and general $12,290
-
24a · Other expenses: STUDENT ENGAGEMENT
total $8,000 · management and general $8,000
-
24b · Other expenses: OTHER TAXES
total $6,484 · program services $2,770 · management and general $3,130 · fundraising $584
-
24c · Other expenses: RECRUITING
total $5,000 · management and general $5,000
-
24d · Other expenses: MEMBERSHIPS AND DUES
total $4,305 · management and general $4,305
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,871,133 · end of year $3,617,953
-
2 · Savings and temporary cash investments
beginning of year $1,093,089 · end of year $1,539,034
-
3 · Pledges and grants receivable
beginning of year $2,335,134 · end of year $1,103,704
-
4 · Accounts receivable
beginning of year $23,050 · end of year $27,780
-
9 · Prepaid expenses and deferred charges
beginning of year $538,225 · end of year $567,637
-
10a · Land, buildings and equipment: cost or other basis
$1,371,854
-
10b · Land, buildings and equipment: accumulated depreciation
$32,940
-
10c · Land, buildings and equipment, net
beginning of year $1,341,039 · end of year $1,338,914
-
11 · Investments: publicly traded securities
beginning of year $16,691,327 · end of year $17,451,791
-
12 · Investments: other securities
beginning of year $74,712,356 · end of year $82,891,894
-
15 · Other assets
beginning of year $7,561,058 · end of year $7,534,948
-
17 · Accounts payable and accrued expenses
beginning of year $219,878 · end of year $1,122,325
-
25 · Other liabilities
beginning of year $308,418 · end of year $278,805
-
27 · Net assets without donor restrictions
beginning of year $8,457,648 · end of year $9,669,846
-
28 · Net assets with donor restrictions
beginning of year $97,180,467 · end of year $105,002,679
Mission and programs · 2024
Mission
LONGWOOD UNIVERSITY FOUNDATION ENHANCES THE IMAGE OF LONGWOOD UNIVERSITY BY SUPPORTING THE INSTITUTION'S ACADEMIC, SOCIAL, AND ECONOMIC GOALS. THE FOUNDATION SEEKS TO MAXIMIZE PRIVATE SECTOR SUPPORT BY ENGAGING IN ETHICAL AND RESPONSIBLE DONOR CULTIVATION, STRATEGIC INVESTMENT PLANS, AND TIMELY DISTRIBUTION OF PRIVATE RESOURCES.
Activities or mission (Part I)
THE FOUNDATION SUPPORTS THE ACTIVITIES AND OPERATIONS OF LONGWOOD UNIVERSITY.
-
LONGWOOD UNIVERSITY FOUNDATION SUPPORTS VARIOUS PROGRAMS FOR LONGWOOD UNIVERSITY. THIS SUPPORT INCLUDES PROVIDING SCHOLARSHIPS TO 822 STUDENTS DURING 2024, ADMINISTERING AND GROWING THE SCHOLARSHIP ENDOWMENT TO PROMOTE STUDENT FINANCIAL INDEPENDENCE, AND SOLICITING DONATIONS. THE FOUNDATION ALSO ADMINISTERS THE PROGRAM ENDOWMENT WHICH FUNDS CERTAIN OPERATING NEEDS FOR THE UNIVERSITY'S ACADEMIC DEPARTMENTS, ATHLETICS, AND SPECIAL PROGRAMS.
Expenses $10,437,665 · Grants $10,328,855
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert S Wertz JrROBERT S WERTZ JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tamara JonesTAMARA JONES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Eileen M AndersonEILEEN M ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joseph W Bartholomew IIIJOSEPH W BARTHOLOMEW III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Katharine Axson KeelKATHARINE AXSON KEEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff NottinghamJEFF NOTTINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bonnie DavisBONNIE DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chuck DowdyCHUCK DOWDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Colin DucharmeCOLIN DUCHARME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan FierroSUSAN FIERRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark FinkMARK FINK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeris JohnsonJERIS JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Keith LatimerKEITH LATIMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Troy L LittlesTROY L LITTLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike SaaleMIKE SAALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
George Melnyk JrGEORGE MELNYK JR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan OakeyDAN OAKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Julie RamseyJULIE RAMSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary ThorntonMARY THORNTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Pia TrigianiPIA TRIGIANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ronald WhiteRONALD WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Burt HazelwoodBURT HAZELWOOD
CEO
- Total calculated
- $299,658
- From this org
- $255,538
- From related orgs
- $0
- Other
- $44,120
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $255,538
- Bonus
- $0
- Other
- $0
- Deferred
- $18,235
- Nontaxable benefits
- $25,885
- Filer's total
- $299,658
-
Dian DyckesDIAN DYCKES
CONTROLLER
- Total calculated
- $167,768
- From this org
- $132,303
- From related orgs
- $0
- Other
- $35,465
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $132,303
- Bonus
- $0
- Other
- $0
- Deferred
- $9,616
- Nontaxable benefits
- $25,849
- Filer's total
- $167,768
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
-
$8,104,671
SCHOLARSHIPS, PROGRAMS, AND GRANTS
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.
-
DUVAHL RIDGWAY HULL AND ANDREW W HULL CHARITABLE FOUNDATION
501(C)(3) · TO PROVIDE SUPPORT FOR LONGWOOD UNIVERSITY · VA · controlled entity
Directly controlled by LONGWOOD UNIVERSITY FOUNDATION
-
170(C)(1) · EDUCATIONAL INSTITUTION - PUBLIC · VA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LONGWOOD UNIVERSITY MITIGATION BANKING FOUNDATION LLC
HOLDS AND RECEIVES FUNDS FOR LONGWOOD UNIVERSITY FOUNDATION'S STREAM CREDITS · VA
Directly controlled by LONGWOOD UNIVERSITY FOUNDATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
LUF WEYANOKE INC
C · PASSIVE INVESTOR IN DEVELOPMENT · VA · 100% owned · share of assets $2,778
Directly controlled by LONGWOOD UNIVERSITY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522979349300337
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