University of Virginia Foundation
University of Virginia Foundation reported $44.1 million in revenue and $53.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $94.33 went to program services, $5.67 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.8% of the total. The highest compensation it reported for one person was $1,688,304 (DIRECTOR). 18 people received more than $100,000 in reportable compensation. Revenue rose 43% 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 $54MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 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 $44M- Contributions & grants (non-government)$12.46 $5.6M
- Government grants$4.90 $2.2M
- Program service revenue$79.76 $36M
- Other revenue$2.88 $1.3M
Investment income was negative: −$573K. 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) | 94.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 17.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 80.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,688,304 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.13% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 18 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 41.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 20 | 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 expenseTo provide administrative services to University of Virginia (university) entities, university associated organizations, or other entities involved in activities that support the university. To engage in matters pertaining to real property for the benefit of the university. To that end, the foundation shall engage in real estate activities for one or more of the following reasons: to support the university's primary programs; to provide an investment return; to provide for the real estate needs of the university for the next 100 years; and to improve the university's boundaries and entrances
The foundation provides accounting services to some university associated organizations (uao's). Each of the uao's is tax exempt under section 501(c)(3). The services provided include bookkeeping, financial analysis, investment assistance, budget management, management of audit process, general consulting, and financial reporting. The foundation also provides administration of payroll and benefits for several uao's. By providing these services, the foundation enables the University of Virginia to concentrate more resources (both personnel and financial) on raising funds for its educational…
The foundation grants scholarships annually. The scholarships are awarded to graduating senior high school students. The foundation asks all of the public and private high schools in virginia to nominate one graduating senior high school student. The foundation has found that more than 600 students will be nominated for the eleven scholarships each year. The primary criteria will be scholastic ability. Additional criteria include excellence of character, qualities of leadership, public service and devotion to duty. Awards have been granted for approximately 20 years
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 |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 2.00 hrs/week | $0 | $1,329,053 | $359,251 | $1,688,304 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $0 | $887,142 | $181,935 | $1,069,077 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $0 | $804,743 | $192,633 | $997,376 |
| SECRETARY/CEO Officer, 40.00 hrs/week | $623,838 | $0 | $73,707 | $697,545 |
| DIR. OF HOSPITALITY Highest compensated employee, 40.00 hrs/week | $352,736 | $0 | $71,247 | $423,983 |
| CHIEF ADMIN. OFFICER Highest compensated employee, 40.00 hrs/week | $347,126 | $0 | $73,615 | $420,741 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $0 | $365,695 | $46,968 | $412,663 |
| DIR. DESIGN & DEV Highest compensated employee, 40.00 hrs/week | $330,645 | $0 | $69,255 | $399,900 |
18 people received more than $100,000 in reportable compensation from University of Virginia Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 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–1b20 · 16 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 26No
- 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 14bNo
- Employees Part I, line 548
- Volunteers Part I, line 620
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LEE BUILDING CO Construction | $9,812,470 |
| CONTOUR CONSTRUCTION Construction | $2,271,402 |
| BRIDGEPORT CONSTRUCTION CO LLC Construction | $826,013 |
| VICTOR PRODUCTS Construction | $650,458 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to University of Virginia Foundation totaling $489K 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 University of Virginia 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 University of Virginia Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Virginia Foundation spent in FY2025, $94.33 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Christ Church Episcopal SchoolGreenville, SC · revenue $44M · programs 77.7% · FY2025
- Distributive Education Clubs of America Inc. Group ReturnReston, VA · revenue $44M · programs 87.5% · FY2025
- Hopkins SchoolNew Haven, CT · revenue $44M · programs 81.8% · FY2025
- Moore College of Art and DesignPhiladelphia, PA · revenue $44M · programs 85.0% · FY2025
- Helix Charter High SchoolLA Mesa, CA · revenue $44M · programs 73.9% · FY2025
Questions people ask
How much of University of Virginia Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Virginia Foundation reported that 94.3% of its $53.9 million in expenses went to program services, 5.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does University of Virginia Foundation pay its top executive?
The largest total compensation University of Virginia Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,688,304, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Virginia Foundation get its money?
Of $44.1 million in revenue in the fiscal year ending June 30, 2025, 17.6% came from contributions and grants (including 5.0% from government grants) and 80.8% from program service revenue (Form 990, Part VIII).
Is University of Virginia Foundation a registered charity?
The IRS lists EIN 54-1682176 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 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 202600229349300700 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500179349301740 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349310517 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340379349300104 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200429349300135 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140369349300039 · read the filing
All filings for EIN 54-1682176: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.