NonprofitsVirginia Foundation For Independent Colleges

Education

Virginia Foundation For Independent Colleges

RICHMOND, VA

Total revenue

$2.2M

Total expenses

$3.8M

Net assets

$38.6M

Grants received

$4.0M

144 grants

EIN

540554396

Tax year

2023

Mission

Advance the distinctive values and strengths of our sixteen smaller enrollment, undergraduate, residential virginia member colleges.

Programs

2 programs

Other programs include support for the new horizons program, internship programs, ethics bowl, undergraduate teaching and the summer undergraduate program for research in the sciences.

Expenses: $639K

The women's leadership development summit is designed to empower young women who are attending a vfic member college or university. Selected students joined fellow vfic students from across the commonwealth for a three-day summit to hear from dynamic and inspirational corporate and civic leaders about the skills needed to assume positions of authority in professional and personal settings. The students explored their own personal pursuits in the areas of leadership, skills development, and identifying and further strengthening the areas needed to recognize their full potential.

Expenses: $22K

Financials

FY 2023

Revenue

Contributions & grants$2.0M
Program service revenue
Investment income$171K
Other revenue
Total revenue$2.2M

Expenses

Grants paid$2.2M
Salaries & benefits$827K
Fundraising$331K
Other expenses$798K
Total expenses$3.8M
Total assets$40.8M
Net assets$38.6M

People

50 listed

NameRoleCompensation

MATTHEW SHANK

FORMER PRESIDENT

Board

$307K

40 hrs/wk

MARY-BETH JOHNSON

CHIEF OPERATING OFFICER

Board

$161K

40 hrs/wk

GEORGE F ALBRIGHT JR

TRUSTEE

Board

1 hrs/wk

JOHN C ASBURY

TRUSTEE

Board

1 hrs/wk

FRANK BATTEN JR

TRUSTEE

Board

1 hrs/wk

GEORGE Y BIRDSONG

TRUSTEE

Board

1 hrs/wk

VICTOR K BRANCH

TRUSTEE

Board

1 hrs/wk

CHARLES L CABELL ESQ

TRUSTEE

Board

1 hrs/wk

JOHN M CAMP III

TRUSTEE

Board

1 hrs/wk

VICTOR O CARDWELL ESQ

TRUSTEE

Board

1 hrs/wk

THEODORE L CHANDLER JR

TRUSTEE

Board

1 hrs/wk

C LYNCH CHRISTIAN III

TRUSTEE

Board

1 hrs/wk

JOHN R CLARK III

TRUSTEE

Board

1 hrs/wk

PETER A CONVERSE

TRUSTEE

Board

1 hrs/wk

RICHARD CULLEN ESQ

TRUSTEE

Board

1 hrs/wk

JOHN MCNAMARA CURTIS SR

TRUSTEE

Board

1 hrs/wk

BEVERLY E DALTON

TRUSTEE

Board

1 hrs/wk

RUSS ELLET

TRUSTEE

Board

1 hrs/wk

LAUREN FISHER WHITE

TRUSTEE

Board

1 hrs/wk

CALVIN W FOWLER JR

TRUSTEE

Board

1 hrs/wk

GEORGE C FREEMAN III

TRUSTEE

Board

1 hrs/wk

PALMER P GARSON

TRUSTEE

Board

1 hrs/wk

THOMAS E GOODE

TRUSTEE

Board

1 hrs/wk

BRAD N HALL

TRUSTEE

Board

1 hrs/wk

H HITER HARRISS III

TRUSTEE

Board

1 hrs/wk

TEAGUE AVEY

TRUSTEE

Board

1 hrs/wk

GARY D BONNEWELL

TRUSTEE

Board

1 hrs/wk

MARTIN KENT

TRUSTEE

Board

1 hrs/wk

C BURKE KING

TREASURER

Board

1 hrs/wk

ESTHER C LEE

TRUSTEE

Board

1 hrs/wk

CHARLES S LUCK IV

TRUSTEE

Board

1 hrs/wk

CRAIG L MASSEY

TRUSTEE

Board

1 hrs/wk

W SHEPPARD MILLER III

TRUSTEE

Board

1 hrs/wk

T JUSTIN MOORE III

TRUSTEE

Board

1 hrs/wk

THURSTON R MOORE ESQ

TRUSTEE

Board

1 hrs/wk

JENNIFER FELIX

TRUSTEE

Board

1 hrs/wk

WILLIAM L MURRAY

TRUSTEE

Board

1 hrs/wk

MARK G MYKITYSHYN PHD

TRUSTEE

Board

1 hrs/wk

BERNARD A NEIMEIER

TRUSTEE

Board

1 hrs/wk

DANIEL J O'NEILL

TRUSTEE

Board

1 hrs/wk

WILLIAM L PANNILL

TRUSTEE

Board

1 hrs/wk

L ALLAN PARROTT JR

TRUSTEE

Board

1 hrs/wk

CHARLOTTE PORTERFIELD

TRUSTEE

Board

1 hrs/wk

BRIAN W QUIGLEY

TRUSTEE

Board

1 hrs/wk

THOMAS L RANSOM

TRUSTEE

Board

1 hrs/wk

CARTER V REID

TRUSTEE

Board

1 hrs/wk

H MCGUIRE RILEY

TRUSTEE

Board

1 hrs/wk

STEWART D ROBERSON EDD

TRUSTEE

Board

1 hrs/wk

THOMAS D RUTHERFOORD JR

TRUSTEE

Board

1 hrs/wk

MARY G SHOCKEY

TRUSTEE

Board

1 hrs/wk

Grants received

Showing 144 of 144

FromAmountPurposeYear
$256K
EDUCATIONAL SUCCESS
2024
$100K
1 grant(s) for varying purposes
2024
$65K
EDUCATIONAL PROGRAMS
2024
$21K
GENERAL SUPPORT
2024
$11K
HELP ADVANCE DISTINCTIVE VALUES & STRENGTHS OF FIFTEEN SMALLER ENROLLMENT, PRIMARILY RESIDENTIAL VIRGINIA MEMBER COLLEGES
2024
$10K
VFIC TRUSTEE GIVING - UNRESTRICTED
2024
$10K
For the general purposes or other charitable purposes of the organization.
2024
$10K
GENEAL SUPPORT
2024
$5K
TO SUPPORT PROGRAM SERVICES
2024
$5K
SUPPORT GENERAL OPERATIONS
2024
$5K
GENERAL EDUCATIONAL PURPOSES
2024
$5K
Grant funds will support library acquisitions for seventeen independent colleges and universities within their consortium.
2024
$3K
Contribution Provided
2024
$1K
GENERAL USE
2024
$396K
EDUCATIONAL SUCCESS
2023
$100K
2024 DOMINION ENERGY BRIGHTER FUTURES SCHOLARSHIPS/ANNUAL FUND FOR ACADEMIC EXCELLENCE
2023
$66K
GRANTS TO STATE COUNCILS
2023
$50K
EDUCATIONAL PROGRAMS
2023
$40K
UNRESTRICTED
2023
$37K
Digital Fundraising Match
2023
$34K
AEP Brighter Futures Scholarship Program
2023
$21K
GENERAL SUPPORT
2023
$21K
For grant recipient's exempt purposes
2023
$20K
GENERAL SUPPORT
2023
$13K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$11K
HELP ADVANCE DISTINCTIVE VALUES & STRENGTHS OF FIFTEEN SMALLER ENROLLMENT, PRIMARILY RESIDENTIAL VIRGINIA MEMBER COLLEGES
2023
$10K
GENERAL OPERATING
2023
$10K
IN HONOR OF TRACY FRIST
2023
$10K
Brighter Future Scholarship Fund
2023
$10K
For the general purposes or other charitable purposes of the organization.
2023
$6K
Grant funds will support library acquisitions for seventeen independent colleges and universities within their consortium.
2023
$5K
SUPPORT GENERAL OPERATIONS
2023
$5K
TO SUPPORT PROGRAM SERVICES
2023
$1K
PROVIDE SCHOLARSHIPS FOR TWO GLOUCESTER OR MATHEWS STUDENTS.
2023
$1K
GENERAL USE
2023
$1K
GENERAL SUPPORT
2023
$500
DONATION
2023
$318K
EDUCATIONAL SUCCESS
2022
$100K
2023 DOMINION ENERGY BRIGHTER FUTURES SCHOLARSHIP PROGRAM, 2023 WOMEN'S LEADERSHIP DEVELOPMENT SUMMIT AND FY23 ANNUAL CAMPAIGN FOR ACADEMIC EXCELLENCE
2022
$88K
GRANT TO STATE COUNCILS
2022
$75K
SENTARA BRIGHTER FUTURES SCHOLARSHIP PROGRAM
2022
$55K
Transfer Pathways to the Liberal Arts initiative
2022
$50K
EDUCATIONAL PROGRAMS
2022
$40K
UNRESTRICTED
2022
$30K
Final point for the Brighter Futures program
2022
$21K
GENERAL SUPPORT
2022
$20K
For grant recipient's exempt purposes
2022
$15K
EDUCATION
2022
$15K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$10K
New Horizon Scholarships
2022
$10K
For the general purposes or other charitable purposes of the organization.
2022
$10K
GENERAL SUPPORT
2022
$10K
HELP ADVANCE DISTINCTIVE VALUES & STRENGTHS OF FIFTEEN SMALLER ENROLLMENT, PRIMARILY RESIDENTIAL VIRGINIA MEMBER COLLEGES
2022
$5K
Support library acquisitions for sixteen independent colleges and universities within their consortium.
2022
$5K
SUPPORT GENERAL OPERATIONS
2022
$5K
To fund charitable activities.
2022
$5K
ENDOWMENT FUND - ONGOING SUPPORT FOR THEIR MISSION
2022
$3K
Contribution provided
2022
$3K
GENERAL EDUCATIONAL PURPOSES
2022
$1K
GENERAL SUPPORT
2022
$1K
PROVIDE SCHOLARSHIPS TO GLOUCESTER AND MATHEWS STUDENTS.
2022
$1K
GENERAL USE
2022
$1K
General Charitable
2022
$48K
UPS SCHOLARSHIPS
2021
$40K
UNRESTRICTED
2021
$15K
For recipient's exempt purpose
2021
$13K
SCHOLARSHIP CHALLENGE
2021
$11K
BRIGHT FUTURE SCHOLARSHIPS AND ENHANCING CAREER PREPARATION
2021
$10K
HELP ADVANCE DISTINCTIVE VALUES & STRENGTHS OF FIFTEEN SMALLER ENROLLMENT, PRIMARILY RESIDENTIAL VIRGINIA MEMBER COLLEGES
2021
$10K
New Horizon Scholarships
2021
$10K
CAPACITY BUILDING
2021
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021
$5K
GENERAL EDUCATIONAL PURPOSES
2021
$1K
TO PROVIDE FINANCIAL SUPPORT
2021
$1K
SUPPORT HIGHER EDUCATION IN VIRGINIA
2021
$100K
2021 DOMINION ENERGY BRIGHTER FUTURES SCHOLARSHIP PROGRAM/WOMEN'S LEADERSHIP DEVELOPMENT SUMMIT AND ANNUAL CAMPAIGN FOR ACADEMIC EXCELLENCE
2020
$75K
GENERAL OPERATING
2020
$50K
EDUCATIONAL PROGRAMS
2020
$48K
GENERAL PURPOSES,THE ANNUAL FUND,THE WALTER & BEESE CRAIGIE SCHOLARSHIP,SPONSORSHIP FOR SUMMER MEETING
2020
$45K
UPS SCHOLORSHIPS
2020
$40K
UNRESTRICTED
2020
$35K
Transfer Pathways to the Liberal Arts initiative.
2020
$23K
MULTIPLE PROGRAMS
2020
$16K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$15K
EDUCATION
2020
$15K
TO HELP ADVANCE THE DISTINCTIVE VALUES AND STRENGTHS OF FIFTEEN SMALLER ENROLLMENT, PRIMARILY RESIDENTIAL VIRGINIA MEMBER COLLEGES
2020
$10K
For the general purposes or other charitable purposes of the organization.
2020
$10K
FINANCIAL LITERACY FOR COLLEGE STUDENTS
2020
$6K
For grant recipient's exempt purposes
2020
$5K
New Horizon Scholarships
2020
$5K
GENERAL EDUCATIONAL PURPOSES
2020
$5K
ENDOWMENT FUND - ONGOING SUPPORT FOR THEIR MISSION
2020
$5K
To fund charitable activities.
2020
$1K
GENERAL USE
2020
$1K
General & Unrestricted
2020
$1K
GENERAL SUPPORT
2020
$1K
SUPPORT HIGHER EDUCATION IN VIRGINIA
2020
$274K
RICHMOND REGIONAL SCHOLARSHIP FUND; THE ANNUAL FUND; GENERAL PURPOSES
2019
$50K
EDUCATIONAL PROGRAMS
2019
$45K
UPS SCHOLORSHIPS
2019
$40K
UNRESTRICTED
2019
$30K
SCHOLORSHIP CHALLENG
2019
$15K
EDUCATION
2019
$10K
General Support
2019
$10K
CAPACITY BUILDING
2019
$6K
For grant recipient's exempt purposes
2019
$5K
SUPPORT, UNSPECIFIED
2019
$5K
EDUCATION FUND
2019
$45K
UPS SCHOLARSHIPS
2018
$35K
MULTIPLE PROGRAMS
2018
$30K
TO HELP ADVANCE THE DISTINCTIVE VALUES AND STRENGTHS OF FIFTEEN SMALLER ENROLLMENT, PRIMARILY RESIDENTIAL VIRGINIA MEMBER COLLEGES
2018
$10K
Science Research Fellowships
2018
$8K
EDUCATION
2018
$5K
For grant recipient's exempt purposes
2018
$5K
CHARITABLE
2018
$5K
FOR VIRGINIA WESLEYAN UNIVERSITY
2018
$1K
General & Unrestricted
2018
$1K
PROVIDE SCHOLARSHIPS FOR 2 GLOUCESTER AND MATHEWS STUDENTS
2018
$41K
UPS SCHOLARSHIPS
2017
$40K
UNRESTRICTED
2017
$20K
CAPACITY BUILDING
2017
$15K
NATIONAL VENTURE
2017
$10K
Science Research Fellowships
2017
$8K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$4.0M from 50 funders · 144 grants · 2017–2024

The Community Foundation Inc

$1.3M · 5 grants · 2019–2024

Council Of Independent Colleges

$534K · 15 grants · 2017–2023

Dominion Energy Charitable Foundation

$300K · 3 grants · 2020–2023

The Landmark Foundation

$265K · 5 grants · 2019–2024

Massey Family Foundation

$240K · 6 grants · 2017–2023

Donor Advised Charitable Giving Inc

$150K · 6 grants · 2018–2023

The Winston-Salem Foundation

$100K · 1 grant · 2024

The Imperial Charitable Trust

$92K · 5 grants · 2019–2023

Details

EIN540554396
NTEE codeB42J
Subsection03
Ruling date1953-03
Formed1952
Employees5
Volunteers0
VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES — Mission, Financials & Grants Received | Grantivo