Form 990 for tax year 2024
Filed by THE UNIVERSITY OF VIRGINIAS COLLEGE AT WISE FOUNDATION INC.
Totals
- Total revenue
- $12,812,350
- Total expenses
- $2,904,758
- Contributions and grants received
- $12,553,155
- Grants paid
- $1,518,872
- Program service revenue
- $191,317
- Investment income
- $51,778
- Other revenue
- $16,100
- Total assets, end of year
- $57,215,943
- Total liabilities, end of year
- $3,378
- Net assets or fund balances, end of year
- $57,212,565
- Program services expenses (Part IX)
- $2,667,448
- Management and general expenses
- $86,336
- Fundraising expenses
- $150,974
- Program service expenses (Part III)
- $2,667,448
Program services were 91.8% 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.
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1f · All other contributions, gifts and grants
$12,553,155
-
1g · Noncash contributions included above
$20,249
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2a · Program service revenue: AUXILIARY SERVICES
total $191,317 · related or exempt $191,317
-
3 · Investment income
total $51,778 · excluded $51,778
-
8a · Fundraising events: gross income
$48,820
-
8b · Fundraising events: direct expenses
$32,720
-
8c · Net income from fundraising events
total $16,100 · excluded $16,100
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,518,872 · program services $1,518,872
-
11c · Fees: accounting
total $48,516 · management and general $48,516
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11g · Fees: other
total $7,000 · program services $4,900 · management and general $2,100
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13 · Office expenses
total $133,706 · program services $110,499 · management and general $9,513 · fundraising $13,694
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16 · Occupancy
total $23,686 · program services $23,386 · management and general $150 · fundraising $150
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17 · Travel
total $17,923 · program services $15,077 · fundraising $2,846
-
19 · Conferences, conventions and meetings
total $207,360 · program services $80,592 · management and general $5,809 · fundraising $120,959
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23 · Insurance
total $7,759 · management and general $7,759
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24a · Other expenses: COMPENSATION SUPPORT
total $624,318 · program services $624,318
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24b · Other expenses: FACILITY & EQUIPMENT SU
total $169,988 · program services $169,988
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24e · All other expenses
total $145,630 · program services $119,816 · management and general $12,489 · fundraising $13,325
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,524,006 · end of year $2,797,707
-
3 · Pledges and grants receivable
beginning of year $1,925,746 · end of year $8,523,908
-
4 · Accounts receivable
beginning of year $20,658 · end of year $1,317
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12 · Investments: other securities
beginning of year $32,521,815 · end of year $40,124,011
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15 · Other assets
beginning of year $4,608,000 · end of year $5,769,000
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17 · Accounts payable and accrued expenses
beginning of year $13,016 · end of year $0
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25 · Other liabilities
beginning of year $8,502 · end of year $3,378
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27 · Net assets without donor restrictions
beginning of year $1,828,041 · end of year $1,873,670
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28 · Net assets with donor restrictions
beginning of year $40,750,666 · end of year $55,338,895
Mission and programs · 2024
Mission
THE PURPOSE OF THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE FOUNDATION, INC. IS TO AID AND SUPPORT THE ACADEMIC, ATHLETIC AND STUDENT LIFE PROGRAMS OF THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE BY SOLICITING AND OBTAINING FUNDS FOR THE (CONTINUED ON SCHEDULE O) FURTHERANCE OF THOSE PROGRAMS. THE FOUNDATION ALSO SOLICITS AND RAISES FUNDS FOR THE PURCHASE AND MANAGEMENT OF PROPERTY, IMPROVED OR UNIMPROVED, EXCLUSIVELY FOR THE EDUCATIONAL BENEFIT OF THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE.
Activities or mission (Part I)
TO AID AND SUPPORT THE ACADEMIC, ATHLETIC AND STUDENT LIFE PROGRAMS OF UVA'S COLLEGE AT WISE.
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THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE FOUNDATION, IN CONJUNCTION WITH THE COLLEGE'S OFFICE OF ADVANCEMENT, RAISES FUNDS IN SUPPORT OF ACADEMICS. GIFTS SUPPORT ENDOWED FUNDS DESIGNATED FOR PROFESSORSHIPS, LECTURESHIPS, SCHOLARSHIPS, AWARDS, AND OPERATIONAL SUPPORT. IN ADDITION, FUNDS ARE RAISED TO SUPPORT EXPERIENTIAL LEARNING OPPORTUNITIES SUCH AS STUDY ABROAD, UNDERGRADUATE RESEARCH, AND INTERNSHIPS. THE COLLEGE'S TOTAL ENROLLMENT FOR THE YEAR WAS 2,220. OF THIS NUMBER, APPROXIMATELY 88% OF THE STUDENTS AT THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE WERE ELIGIBLE FOR SOME FORM OF FINANCIAL ASSISTANCE AND A HIGH PERCENTAGE OF STUDENTS HAVE NO FAMILY SUPPORT. 520 STUDENTS RECEIVED SCHOLARSHIPS OR AWARDS FOR THE YEAR ENDED JUNE 30, 2025.
Expenses $1,868,251 · Grants $1,518,872 · Revenue $41,442
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THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE FOUNDATION, IN CONJUNCTION WITH THE COLLEGE'S OFFICE OF ADVANCEMENT SOLICITS AND OBTAINS FUNDS TO SUPPORT THE COLLEGE'S ATHLETIC PROGRAM. GIFTS SUPPORT SCHOLARSHIPS, GENERAL OPERATING EXPENSES, AND SPECIAL PROJECTS THAT PROMOTE THE SUCCESS OF THE ATHLETIC PROGRAM AND STUDENT ATHLETES.
Expenses $799,197 · Revenue $149,875
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
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Mrs Valeri ColyerMRS VALERI COLYER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Kimberly D MullinsMRS KIMBERLY D MULLINS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Marcia Adams GilliamMRS MARCIA ADAMS GILLIAM
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Valerie S LawsonMRS VALERIE S LAWSON
COO/SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Mr Charles LawsonMR CHARLES LAWSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mr David W MartelMR DAVID W MARTEL
UVA PRESIDENT APPOINTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Marvin W Gilliam JrMR MARVIN W GILLIAM JR
BOARD OF VISITORS REPRESEN
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Teena FastMRS TEENA FAST
FACULTY REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Dawneda F WilliamsMRS DAWNEDA F WILLIAMS
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mr Don M GreenMR DON M GREEN
PRESIDENT EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Mr Robbie BlevinsMR ROBBIE BLEVINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr John Brickey IIIMR JOHN BRICKEY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jonette CarpenterMRS JONETTE CARPENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Don CaudillDR DON CAUDILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr James S CoxMR JAMES S COX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Richard CreaghMR RICHARD CREAGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Dirk DavisMR DIRK DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jeff ElkinsMR JEFF ELKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Judy HardingMS JUDY HARDING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Donna Price HenryMRS DONNA PRICE HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Thomas KennedyMR THOMAS KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Lewey LeeMR LEWEY LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr R Bruce LoweMR R BRUCE LOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Hasan MajiedMR HASAN MAJIED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Rick D MeadeMR RICK D MEADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Duane A MillerMR DUANE A MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Rick L MullinsMR RICK L MULLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Rhonda M PerkinsMRS RHONDA M PERKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph A ScottMR JOSEPH A SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Judy ShorttMS JUDY SHORTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Marion W Smith JrMR MARION W SMITH JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Stewart SpradlinMR STEWART SPRADLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jeannie StallardMRS JEANNIE STALLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Santana VasquezMS SANTANA VASQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Eddie WatsonMR EDDIE WATSON
DIRECTOR
- 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
No itemized grants to organizations on this return.
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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CHARITABLE REMAINDER TRUSTS (10)
T · TRUST/INVESTMENT · VA
Directly controlled by THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600269349301550
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