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The College Foundation of the University of Virginia
The College Foundation of the University of Virginia reported $46.9 million in revenue and $20.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $61.33 went to program services, $9.99 to management and general costs and $28.68 to fundraising. Its largest source of revenue was contributions and grants: 98.9% of the total. The highest compensation it reported for one person was $444,359 (FOUNDATION PRESIDENT). 8 people received more than $100,000 in reportable compensation. Revenue rose 78% 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 $20MFor 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 $47MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 61.3% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.0% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 28.7% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.13 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 98.9% | 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 | $444,359 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.18% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 8 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 184.4 | 56.6 |
| Independent voting board members Part VI 1a–1b | 51 of 51 | 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 expenseDepartmental support - funding to support courses, academic innovation, and instructional needs of the school's academic departments and interdisciplinary programs. This support also includes funding for the unrestricted use by the dean of the college and graduate school of arts & sciences. Gifts to the annual fund allow the dean to address the most pressing needs and promising opportunities related to the 11,095 undergraduates and 1,271 graduate students in the arts and sciences
Faculty excellence - funding to support the eminent professors in the academic disciplines of arts & sciences. Expenditures support cutting edge research and competitive compensation for the approximately 865 faculty in the college and graduate school of arts & sciences. Gifts directed to support the faculty ensure that the instruction can continue
Student scholarships, fellowships, and other programs includes classroom funding for undergraduate scholarships, graduate fellowships, special lectures, advising, student research, scholarly awards, and other student support for the college and graduate school of arts & sciences
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 |
|---|---|---|---|---|
| FOUNDATION PRESIDENT Officer, 40.00 hrs/week | $389,394 | $0 | $54,965 | $444,359 |
| CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $296,080 | $0 | $52,678 | $348,758 |
| SENIOR DIRECTOR OF DEVELOP Highest compensated employee, 40.00 hrs/week | $260,009 | $0 | $32,947 | $292,956 |
| ASSOCIATE VICE PRESIDENT F Highest compensated employee, 40.00 hrs/week | $183,497 | $0 | $39,324 | $222,821 |
| DIRECTOR OF DEVELOPMENT, P Highest compensated employee, 40.00 hrs/week | $170,119 | $0 | $45,008 | $215,127 |
| ASSOCIATE VICE PRESIDENT O Highest compensated employee, 40.00 hrs/week | $172,396 | $0 | $24,842 | $197,238 |
| ASSOCIATE VICE PRESIDENT O Highest compensated employee, 40.00 hrs/week | $161,944 | $0 | $34,403 | $196,347 |
| ASSOCIATE VICE PRESIDENT O Key employee, 40.00 hrs/week | $167,089 | $0 | $23,695 | $190,784 |
8 people received more than $100,000 in reportable compensation from The College Foundation of the University of Virginia (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (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–1b51 · 51 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 11aNo
- Family or business ties among insiders Part VI 2Yes
- 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 537
- Volunteers Part I, line 6305
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| UVIMCO Investment mgmt | $438,743 |
| UVA ALUMNI ASSOCIATION Accounting fees | $139,125 |
| ADVANCEMENT SERVICES LLC Fundraising | $124,329 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to The College Foundation of the University of Virginia totaling $205K 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 The College Foundation of the University of Virginia's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The College Foundation of the University of Virginia, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The College Foundation of the University of Virginia spent in FY2025, $61.33 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 The College Foundation of the University of Virginia's spending goes to programs?
In the fiscal year ending June 30, 2025, The College Foundation of the University of Virginia reported that 61.3% of its $20.4 million in expenses went to program services, 10.0% to management and general and 28.7% to fundraising (Form 990, Part IX).
How much does The College Foundation of the University of Virginia pay its top executive?
The largest total compensation The College Foundation of the University of Virginia reported for one person in the fiscal year ending June 30, 2025 was $444,359, for the role of FOUNDATION PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The College Foundation of the University of Virginia get its money?
Of $46.9 million in revenue in the fiscal year ending June 30, 2025, 98.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The College Foundation of the University of Virginia a registered charity?
The IRS lists EIN 54-2009312 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, 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 202503109349304155 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202423169349304192 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202343189349310664 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202243189349305789 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143199349304924 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013219349315606 · read the filing
All filings for EIN 54-2009312: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.