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Jefferson Scholars Foundation
Jefferson Scholars Foundation reported $36.6 million in revenue and $39.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.36 went to program services, $10.34 to management and general costs and $7.30 to fundraising. Its largest source of revenue was contributions and grants: 99.0% of the total. The highest compensation it reported for one person was $1,132,798 (PRESIDENT/SECRETARY/TREASU). 15 people received more than $100,000 in reportable compensation. Revenue rose 94% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $40MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $37MOther revenue was negative: −$187K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.4% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.3% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.3% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.0% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $1,132,798 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.86% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 15 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 244.2 | 56.6 |
| Independent voting board members Part VI 1a–1b | 29 of 29 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseScholarship, fellowship and professorship program in support of uva.the foundation awards academic merit-based scholarships to undergraduates that cover the full estimated cost of attending uva for four years. The foundation also awards academic merit-based, graduate fellowships to phd and mba candidates and to national fellows. During fiscal year 2025, the foundation supported 190 undergradute scholars, 50 graduate fellows, and 6 national fellows. The foundation funded, in whole or in part, the salaries, benefits, and other related costs of 10 uva professors and provided support for 11…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/SECRETARY/TREASU Officer, 40.00 hrs/week | $1,073,848 | $0 | $58,950 | $1,132,798 |
| DIRECTOR OF DEVELOPMENT Key employee, 40.00 hrs/week | $336,943 | $0 | $162,621 | $499,564 |
| DIRECTOR OF JEFFERSON SCHOLARS PROGRAM AND ALUMNI Key employee, 40.00 hrs/week | $256,098 | $0 | $45,151 | $301,249 |
| ASSISTANT SECRETARY Officer, 40.00 hrs/week | $235,722 | $0 | $37,691 | $273,413 |
| ASSISTANT TREASURER Officer, 40.00 hrs/week | $206,041 | $0 | $41,997 | $248,038 |
| DIRECTOR, GRADUATE FELLOWS PROGRAM Highest compensated employee, 40.00 hrs/week | $203,096 | $0 | $31,763 | $234,859 |
| DIRECTOR OF GIFT PLANNING Highest compensated employee, 40.00 hrs/week | $163,451 | $0 | $41,597 | $205,048 |
| ASSOCIATE DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $141,088 | $0 | $25,614 | $166,702 |
15 people received more than $100,000 in reportable compensation from Jefferson Scholars Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b29 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 524
- Volunteers Part I, line 61,320
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| UVA INVESTMENT MANAGEMENT COMPANY Investment management | $1,206,387 |
| COLLIERS INTERNATIONAL ASSET SERVICES L Building maintenance | $134,370 |
| JOURNEY GROUP INC Marketing & communication | $125,614 |
| ADCS HOLDINGS LLC DBA THE CATERING OUTFI Event catering | $109,262 |
| COVINGTON TRAVEL SERVICE INC Travel arrangements | $102,241 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
22 private foundations reported grants to Jefferson Scholars Foundation totaling $3.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Jefferson Scholars Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Jefferson Scholars Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Jefferson Scholars Foundation spent in FY2025, $82.36 went to programs. The full breakdown, from its IRS Form 990:
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All philanthropy, voluntarism & grantmaking charities · Largest charities in Virginia
Questions people ask
How much of Jefferson Scholars Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Jefferson Scholars Foundation reported that 82.4% of its $39.6 million in expenses went to program services, 10.3% to management and general and 7.3% to fundraising (Form 990, Part IX).
How much does Jefferson Scholars Foundation pay its top executive?
The largest total compensation Jefferson Scholars Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,132,798, for the role of PRESIDENT/SECRETARY/TREASU (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Jefferson Scholars Foundation get its money?
Of $36.6 million in revenue in the fiscal year ending June 30, 2025, 99.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Jefferson Scholars Foundation a registered charity?
The IRS lists EIN 31-1755873 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202512899349300931 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202433109349301553 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202313189349313101 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220569349301112 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111129349300911 · read the filing
All filings for EIN 31-1755873: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.