Overview
What is Eastern Virginia Medical School Foundation?
The Eastern Virginia Medical School Foundation is a nonprofit organization located in Norfolk, Virginia. Its primary mission is to fortify the financial stability of the Eastern Virginia Medical School by managing and investing donations, gifts, and bequests. The foundation accepts and manages these contributions, ensuring their allocation towards medical research and educational programs at the Eastern Virginia Medical School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Eastern Virginia Medical School Foundation has received a high rating of 95% from Charity Navigator, reflecting strong accountability and financial health. With an emphasis on transparency and governance, the organization has achieved a perfect score for its independent board structure, financial oversight, and a robust conflict of interest and whistleblower policies. This high rating signifies that donors can trust the foundation to manage funds responsibly and ethically.
Strengths of the foundation include an impressive program expense ratio of 88.91%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the foundation boasts a low liabilities to assets ratio of 0.12%, showcasing its solid financial position and ability to meet obligations. The fundraising efficiency is also commendable, with a minimal cost per dollar raised, demonstrating effective fundraising strategies.
While the data highlights numerous strengths, there are no noted limitations or concerns in the feedback, signaling a well-run organization committed to its mission. Overall, the Eastern Virginia Medical School Foundation stands out for its strong fiscal practices and governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Virginia Medical School Foundation legitimate?
Eastern Virginia Medical School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Virginia Medical School Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $77,336
Other Salaries and Wages: $180,852
For more financial information, click here
What is the mission statement of Eastern Virginia Medical School Foundation?
The Eastern Virginia Medical School Foundation plays a crucial role in bolstering the financial stability of the Eastern Virginia Medical School. It accomplishes this by managing and investing donations, bequests, and gifts, which are subsequently used to enhance the school's medical research and educational programs. The foundation's primary focus is to ensure the school's long-term financial security, thus enabling it to continue its mission in the medical field. Through the acceptance and allocation of restricted grants, the foundation contributes significantly to the academic and research advancements at the Eastern Virginia Medical School.
Who is the CEO of Eastern Virginia Medical School Foundation?
Mark B Dreyfus is the Treasurer of Eastern Virginia Medical School Foundation.
What is the revenue of Eastern Virginia Medical School Foundation?
Eastern Virginia Medical School Foundation's revenue in 2023 was $11,906,674.
Who are the executives of Eastern Virginia Medical School Foundation and what are their salaries?
There 20 volunteers at Eastern Virginia Medical School Foundation.
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Where can I find the form 990 for Eastern Virginia Medical School Foundation?
Eastern Virginia Medical School Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Eastern Virginia Medical School Foundation
The Eastern Virginia Medical School Foundation plays a crucial role in strengthening the financial security of Eastern Virginia Medical School. Through accepting, investing, and managing gifts, donations, and bequests, the foundation provides essential resources for the institution's medical research and educational programs. The foundation's mission is to support Eastern Virginia Medical School by stewardarding philanthropic funds and channeling them into areas of greatest need and impact. By doing so, the foundation ensures the continued growth and success of the medical school, enabling it to make strides in advancing healthcare knowledge and delivering high-quality education to future healthcare professionals.
In practice, the Eastern Virginia Medical School Foundation administers restricted grants to the medical school, which are earmarked for specific medical research and educational initiatives. These grants contribute to the institution's efforts in pushing the boundaries of medical discovery and fostering the next generation of healthcare experts. By accepting and managing philanthropic gifts, the foundation not only provides vital financial support but also forges lasting connections between donors and the medical school community. These relationships enrich the educational experience for students and help shape the future of healthcare research and practice.
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Impact
October, 2024
The Eastern Virginia Medical School Foundation significantly enhances the financial stability of the Eastern Virginia Medical School. By accepting, investing, and managing various gifts, donations, and bequests, the foundation ensures a steady flow of resources that supports vital medical research and educational programs. Through restricted grants, it plays a critical role in advancing medical knowledge and training, fostering an environment conducive to innovation in healthcare. Located in Norfolk, VA, the foundation's efforts contribute not only to the school's sustainability but also to the broader community's health and well-being by empowering future healthcare professionals.
This information is meant to be a general summary of Eastern Virginia Medical School Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,867,962
- Gross Receipts: $20,615,774
Assets and Liabilities:
- Total Assets: $175,187,870
- Total Liabilities: $220,890
- Net Assets: $174,966,980
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Organization Details
Founding Year
1969
Phone
(757) 446-6051Principal Officer
Mark B Dreyfus
Main Address
P O BOX 5, NORFOLK, VA, 235010005
NTEE Category
Code: B110 - Education
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