NonprofitsVirginia Commonwealth University School Of Business Foundation

Education

Virginia Commonwealth University School Of Business Foundation

RICHMOND, VA

Total revenue

$7.0M

Total expenses

$6.4M

Net assets

$66.5M

Grants received

$1.6M

64 grants

EIN

202661802

Tax year

2023

Mission

The foundation supports and promotes the activities and mission of the school of business at virginia commonwealth university. It solicits, manages and distributes assets for programs within the school of business. Through those activities, it provides resources to educate students, achieve teaching excellence, and promote scholarly research.

Programs

2 programs

The vcu school of business foundation supports programmatic initiatives of the school of business primarily by managing invested funds and administering the distribution of annual gifts, endowment and quasi-endowment funds. These programs include: endowed chairs and professorships, providing merit scholarships to more than 55 students annually, departmental support of faculty development, student development activities, as well as research support and assistantships.

Expenses: $2.7MGrants: $2.4M

The vcu school of business foundation assists and supports virginia commonwealth university's school of business by providing educational conferences and noncredit bearing courses for members of the school and community. These types of activities include executive education courses in leadership skills, technical training in business areas such as six sigma, professional exam review courses and industry conferences for real estate, risk & insurance and international business. Any proceeds from conferences and noncredit bearing course registrations that exceed the cost of the programs are used to support programmatic initiatives within the school of business.

Expenses: $820KGrants: $77K

Financials

FY 2023

Revenue

Contributions & grants$3.3M
Program service revenue$3.4M
Investment income$313K
Other revenue$29K
Total revenue$7.0M

Expenses

Grants paid$3.0M
Salaries & benefits$147K
Fundraising$116K
Other expenses$3.3M
Total expenses$6.4M
Total assets$92.2M
Net assets$66.5M

People

28 listed

NameRoleCompensation

LAURA E KOTTKAMP

SECRETARY

Board

$87K

10 hrs/wk

PAUL W CROSTON

TRUSTEE

Board

1 hrs/wk

MARK M GAMBILL

TRUSTEE

Board

1 hrs/wk

JUDY C GAVANT

TRUSTEE

Board

1 hrs/wk

MICHELLE H GLUCK

TRUSTEE

Board

1 hrs/wk

WILLIAM M GINTHER

TRUSTEE

Board

1 hrs/wk

ROBERT GREENE

TRUSTEE

Board

1 hrs/wk

JEFFREY K GRONNING

TRUSTEE

Board

1 hrs/wk

D GLENN HARRIS

TRUSTEE

Board

1 hrs/wk

ROBERT E HENLEY

TRUSTEE

Board

1 hrs/wk

LINDA T HINES

TRUSTEE

Board

1 hrs/wk

LARRY HOLMON

TRUSTEE

Board

1 hrs/wk

JUANITA B LEATHERBERRY

TRUSTEE

Board

1 hrs/wk

STEVEN A MARKEL

TRUSTEE

Board

1 hrs/wk

PEYTON F COX

TRUSTEE

Board

1 hrs/wk

JOHN D O'NEILL JR

TRUSTEE

Board

1 hrs/wk

CHARLES F PHILLIPS III

TRUSTEE

Board

1 hrs/wk

RICHARD T REINECKE

TRUSTEE

Board

1 hrs/wk

ROBERT C SLEDD

TRUSTEE

Board

1 hrs/wk

THOMAS G SNEAD JR

TRUSTEE

Board

1 hrs/wk

ALAN R STEWART

TRUSTEE

Board

1 hrs/wk

JOHN ZEHEB

TRUSTEE

Board

1 hrs/wk

MICHAEL RAO

EX-OFFICIO

Board

1 hrs/wk

BRIAN P BROWN

EX-OFFICIO

Board

1 hrs/wk

MARK E LAREAU

CHAIRMAN

Board

1 hrs/wk

MELINA DAVIS

VICE CHAIRMAN

Board

1 hrs/wk

MARK NEWFIELD

TREASURER

Board

1 hrs/wk

DAVID L MONDAY

TRUSTEE

Board

1 hrs/wk

Grants received

Showing 64 of 64

FromAmountPurposeYear
$105K
UNIVERSITY OR PRIVATE SCHOOL
2024
$104K
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
2023
$43K
UNIVERSITY OR PRIVATE SCHOOL
2023
$29K
For grant recipient's exempt purposes
2023
$24K
MATCHING GIFTS
2023
$1K
VOLUNTEER INCENTIVE PROGRAM
2023
$174K
UNIVERSITY OR PRIVATE SCHOOL
2022
$87K
1 GRANT(S) FOR VARYING PURPOSES
2022
$30K
$25,000 SHIFT RETAIL LAB COMMITMENT, $2,500 DA VINCI CENTER NEW ECONOMY THINKER STUDENT SCHOLARSHIP AND $2,500 FOR USE AT THE DISCRETION OF THE EXECUTIVE DIRECTOR
2022
$29K
MATCHING GIFTS
2022
$15K
EDUCATION
2022
$15K
For grant recipient's exempt purposes
2022
$10K
DONOR ADVISED FUND
2022
$6K
CHARITABLE DONATION
2022
$29K
MATCHING GIFTS
2021
$15K
EDUCATION
2021
$15K
For grant recipient's exempt purposes
2021
$15K
For grant recipient's exempt purposes
2021
$13K
DONOR ADVISED FUND
2021
$11K
CHARITABLE DONATION
2021
$60K
FOR THE DA VINCI STOREFRONT PROJECT,AND FOR THE BISHOP NEW ECONOMY THINKER
2020
$28K
Matching Gifts
2020
$20K
For grant recipient's exempt purposes
2020
$15K
EDUCATION
2020
$9K
THE ANNUAL FUND, EPIC SCHOLARSHIP,GENERAL PURPOSES
2020
$26K
Matching Gift
2019
$20K
SPECIAL EDUCATION FUNDING
2019
$15K
EDUCATION
2019
$12K
For grant recipient's exempt purposes
2019
$9K
SCHOLARSHIPS FOR STUDENTS IN THE RISK AND INSURANCE STUDIES VCU SCHOOL OF BUSINESS; GENERAL PURPOSES; ANNUAL FUND
2019
$8K
Donor Advised Fd
2019
$150K
To assist with their non-profit purpose
2018
$14K
For grant recipient's exempt purposes
2018
$6K
EDUCATION
2018
$1K
BOARD SERVICE
2018
$800
ASSOCIATE MATCHING DOLLARS
2018
$425
ASSOCIATE MATCHING DOLLARS
2018
$390
ASSOICATE MATCHING HOURS
2018
$340
ASSOICATE MATCHING HOURS
2018
$240
ASSOICATE MATCHING HOURS
2018
$28K
Matching Gift
2017
$9K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$6K
Donor Advised Fd
2017

Funded by

$1.6M from 18 funders · 64 grants · 2017–2024

The Community Foundation Inc

$338K · 5 grants · 2019–2024

Donor Advised Charitable Giving Inc

$257K · 6 grants · 2018–2023

Ernst & Young Foundation

$200K · 10 grants · 2017–2023

The East West Communities Foundation

$150K · 1 grant · 2018

Fidelity Investments Charitable Gift Fund

$127K · 8 grants · 2017–2023

The Ayco Charitable Foundation

$105K · 5 grants · 2019–2024

Globalgiving Foundation Inc

$104K · 1 grant · 2023

Charlottesville Area Community

$90K · 2 grants · 2020–2022

Details

EIN202661802
NTEE codeB024
Subsection03
Ruling date2005-07
Formed2005
Employees0
Volunteers0
VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION — Mission, Financials & Grants Received | Grantivo