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← IVY CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by IVY CHARITABLE FOUNDATION.

Totals

Total revenue
$54,330
Total expenses
$148,336
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$54,330
Other revenue
$0
Total assets, end of year
$1,384,405
Total liabilities, end of year
$2,812
Net assets or fund balances, end of year
$1,381,593
Program services expenses (Part IX)
$0
Management and general expenses
$148,336
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $26,615 · excluded $26,615

  • 7a · Gross sales of assets other than inventory

    securities $402,006

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

    securities $374,291

  • 7c · Gain or loss

    securities $27,715

  • 7d · Net gain or loss

    total $27,715 · excluded $27,715

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $110,004 · management and general $110,004

  • 10 · Payroll taxes

    total $8,111 · management and general $8,111

  • 11c · Fees: accounting

    total $14,195 · management and general $14,195

  • 11f · Fees: investment management

    total $12,896 · management and general $12,896

  • 13 · Office expenses

    total $1,439 · management and general $1,439

  • 19 · Conferences, conventions and meetings

    total $1,266 · management and general $1,266

  • 24a · Other expenses: LICENSES AND TAXES

    total $425 · management and general $425

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $40,958 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,520

  • 11 · Investments: publicly traded securities

    beginning of year $1,247,885 · end of year $1,384,405

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,850 · end of year $2,812

  • 27 · Net assets without donor restrictions

    beginning of year $1,292,513 · end of year $1,381,593

Mission and programs · 2023

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF VIRGINIA BY PROVIDING FINANCIAL SUPPORT FOR SCIENTIFIC RESEARCH AT THE UNIVERSITY'S HEALTH SCIENCES CENTER, SCHOOL OF ENGINEERING AND APPLIED SCIENCES, AND COLLEGE OF ARTS AND SCIENCES.

  • PROVIDE FINANCIAL SUPPORT AND PROGRAM SUPPORT FOR SCIENTIFIC RESEARCH AND BIOMEDICAL INNOVATION, AS WELL AS STUDENT MENTAL HEALTH AND FLOURISHING INITIATIVES AT THE UNIVERSITY OF VIRGINIA'S HEALTH SYSTEM AND COLLEGE OF ARTS AND SCIENCES. WHILE NO GIFT FROM THE FOUNDATION WAS MADE IN 2023, IT IS THE PRESENT INTENT OF THE FOUNDATION TO RESUME ANNUAL DONATIONS TO THE UNIVERSITY AFTER A BREAK TO ALLOW THE INVESTMENT PRINCIPAL TO REGROW.

As filed on the 2023 return.

Listed in Part VII

  • Kari Evans

    EXECUTIVE DIRECTOR

    Total calculated
    $104,004
    From this org
    $104,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robert Battle MD

    CHAIRMAN & PRESIDENT

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Martha Battle MD

    VICE PRESIDENT & TREASURER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alden English

    SECRETARY

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dean Gianakos MD

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Melina Kibbe MD

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Marcus Lewis Martin II

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $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.

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
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349307448

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