West Virginia University Foundation
West Virginia University Foundation reported $152.3 million in revenue and $144.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.12 went to program services, $5.28 to management and general costs and $11.60 to fundraising. Its largest source of revenue was contributions and grants: 58.4% of the total. The highest compensation it reported for one person was $1,057,409 (VP Investments, CIO). 63 people received more than $100,000 in reportable compensation. Revenue fell 2% 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 $145MFor 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 $152MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.19 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 58.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 15.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,057,409 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.73% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 63 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 112.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 30 | 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 expenseThe organization utilizes private funding to support multiple schools, colleges, and departments impacting all levels of the campus. Amounts funded in this area are primarily utilized to enhance salary levels thereby positioning West Virginia University to be more competitive in attracting and retaining talented individuals within the academic, administrative, and research fields. The health sciences campus was the primary beneficiary of funded salaries; however, virtually every academic department, as well as the department of intercollegiate athletics, received funding for this critical…
The organization utilizes private funding to support capital project initiatives across campus. For the current fiscal year, West Virginia University received funding from the organization to support a variety of capital initiatives
The organization utilizes private funding to support students within multiple schools, colleges, and departments across campus; the most significant of which were the department of intercollegiate athletics, the eberly college of arts and sciences, the college of agriculture, natural resources and design, and the statler college of engineering and mineral resources. Scholarship amounts include tuition, books, and room and board. Scholarship amounts are utilized across campus to help recruit nationally prominent students as well as provide funding support to give other students the opportunity…
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 |
|---|---|---|---|---|
| VP Investments, CIO Officer, 45.0 hrs/week | $996,659 | $0 | $60,750 | $1,057,409 |
| President & CEO Director/trustee, officer, 45.0 hrs/week | $815,430 | $0 | $145,023 | $960,453 |
| Sr. VP Development, CDO Officer, 45.0 hrs/week | $523,025 | $0 | $60,250 | $583,275 |
| COO/CFO, Treasurer Officer, 45.0 hrs/week | $465,060 | $0 | $60,750 | $525,810 |
| Assoc VP, Investments Highest compensated employee, 45.0 hrs/week | $447,757 | $0 | $71,301 | $519,058 |
| Assoc VP, Investments Highest compensated employee, 45.0 hrs/week | $345,917 | $0 | $55,067 | $400,984 |
| Deputy Athletic Director and Chief Development Officer for Athletics Highest compensated employee, 45.0 hrs/week | $301,792 | $0 | $59,919 | $361,711 |
| SrAssocVP, UniversityDevel/ CampaignMgmt Highest compensated employee, 45.0 hrs/week | $261,028 | $0 | $62,811 | $323,839 |
63 people received more than $100,000 in reportable compensation from West Virginia University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.6M (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–1b30 · 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 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 14bYes
- Employees Part I, line 5177
- Volunteers Part I, line 629
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Encap Investments Investment Manager | $833,115 |
| Hudson Bay Capital Management LP Investment Manager | $762,147 |
| LongTail Alpha LLC Investment Manager | $710,526 |
| Carlyle Group Investment Manager | $623,219 |
Individuals listed as contractors are left out. 32 contractors were paid more than $100,000 in all.
Private foundation grants it received
62 private foundations reported grants to West Virginia University Foundation totaling $12M 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 West Virginia University 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 West Virginia University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 West Virginia University Foundation spent in FY2025, $83.12 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Pensacola Christian CollegePensacola, FL · revenue $152M · programs 79.8% · FY2025
- The University of FindlayFindlay, OH · revenue $152M · programs 91.2% · FY2025
- Trustees of Deerfield AcademyDeerfield, MA · revenue $152M · programs 77.1% · FY2025
- Highlands Community Charter and Technical SchoolsSacramento, CA · revenue $153M · programs 90.6% · FY2025
- St Catherine UniversitySt Paul, MN · revenue $152M · programs 85.6% · FY2025
All education charities · Largest charities in West Virginia
Questions people ask
How much of West Virginia University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, West Virginia University Foundation reported that 83.1% of its $144.8 million in expenses went to program services, 5.3% to management and general and 11.6% to fundraising (Form 990, Part IX).
How much does West Virginia University Foundation pay its top executive?
The largest total compensation West Virginia University Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,057,409, for the role of VP Investments, CIO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does West Virginia University Foundation get its money?
Of $152.3 million in revenue in the fiscal year ending June 30, 2025, 58.4% came from contributions and grants and 15.8% from program service revenue (Form 990, Part VIII).
Is West Virginia University Foundation a registered charity?
The IRS lists EIN 55-6017181 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202631039349301733 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511279349301141 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400959349301410 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300759349301500 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240819349300204 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100829349301470 · read the filing
All filings for EIN 55-6017181: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.