Overview
What is The University Of Virginia Medical School Foundation?
The University of Virginia Medical School Foundation is a nonprofit organization located in Charlottesville, Virginia. Its primary mission is to support the University of Virginia Medical School by funding medical research, scientific studies, and supplementing faculty salaries and operational expenses. The foundation aims to engage medical alumni as advocates, advisors, and benefactors, fostering a strong connection between alumni and their alma mater. The foundation's activities include informing and involving medical alumni, championing the role of alumni relations as a professional discipline, and promoting opportunities for mentoring, networking, scholarship, and philanthropy. The foundation operates with a team of 10 dedicated individuals.
Official website here: www.uvamedalum.org
What are the reviews and ratings of this charity?
The University Of Virginia Medical School Foundation has received an impressive Four-Star out of Four Star rating from Charity Navigator, scoring 97% for Accountability & Finance. This high rating indicates a strong emphasis on responsible stewardship of resources, with criteria such as financial accountability and efficient donation use playing key roles in the evaluation. The organization has demonstrated a robust accountability framework with 95% of its board members being independent, ensuring unbiased oversight.
Strengths of the foundation include its exceptionally low liabilities to assets ratio and high program expense ratio, which reflects its commitment to allocating resources toward its mission effectively. Additionally, the foundation showcases excellent fundraising efficiency, meaning that a significant portion of donations directly supports its programs. Transparency is evidenced by documented governance practices, including a whistleblower policy and conflict of interest policy, contributing to overall confidence in its operations.
Unfortunately, there are no user reviews available from GreatNonprofits to provide further insights into community sentiment or user experiences. Nevertheless, the Charity Navigator rating alone highlights the foundation's strong financial health and commitment to accountability, positioning it favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Virginia Medical School Foundation legitimate?
The University Of Virginia Medical School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of 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: $294,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $682,466
For more financial information, click here
Official website here: www.uvamedalum.org
What is the mission statement of The University Of Virginia Medical School Foundation?
The University of Virginia Medical School Foundation encourages and fosters the involvement of medical alumni in supporting their alma mater. The foundation serves as a platform for medical students, graduates, fellows, residents, and faculty, offering opportunities for mentoring, networking, scholarship, and philanthropy. The mission of the University of Virginia Medical Alumni Association and Medical School Foundation is to enhance the experience of students, housestaff, alumni, and faculty by providing avenues for collaboration and support. The foundation achieves this goal by informing and engaging medical alumni, championing the role of alumni relations as a professional discipline, and partnering with the University of Virginia School of Medicine. Grants from the foundation are allocated towards encouraging medical research and scientific study, as well as supplementing faculty salaries and covering operational expenses at the medical school.
Official website here: www.uvamedalum.org
What is the revenue of The University Of Virginia Medical School Foundation?
The University Of Virginia Medical School Foundation's revenue in 2024 was $14,587,319.
Official website here: www.uvamedalum.org
Who are the executives of The University Of Virginia Medical School Foundation and what are their salaries?
The average compensation at The University Of Virginia Medical School Foundation during 2024 was $97,744. There are 10 employees and 273 volunteers at The University Of Virginia Medical School Foundation.
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Official website here: www.uvamedalum.org
Where can I find the form 990 for The University Of Virginia Medical School Foundation?
The University Of Virginia Medical School Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.uvamedalum.org
Learn more at the official website: www.uvamedalum.org
Mission Statement of The University Of Virginia Medical School Foundation
The University of Virginia Medical School Foundation plays a significant role in engaging and empowering medical alumni as advocates, advisors, and benefactors for their alma mater. The foundation's constituents include students, graduates, fellows, and faculty of the University of Virginia School of Medicine. To achieve this, the foundation informs and involves medical alumni, advocating for the importance of alumni relations as a professional discipline in partnership with the University of Virginia School of Medicine.
The University of Virginia Medical Alumni Association and Medical School Foundation are committed to enhancing the experiences of students, house staff, alumni, and faculty at the University of Virginia School of Medicine. They accomplish this by providing opportunities for mentoring, networking, scholarship, and philanthropy. These initiatives aim to foster a supportive and collaborative environment within the medical school community.
The foundation also supports the University of Virginia Medical School financially. They grant funds to be used towards encouraging medical research and scientific study, as well as supplementing medical school faculty salaries and covering other operating expenses. By providing these resources, the University of Virginia Medical School Foundation contributes to the advancement of medical education and research, ultimately benefiting the broader medical community.
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Impact
October, 2024
The University of Virginia Medical School Foundation significantly enhances the educational landscape and experience within the UVA School of Medicine. By fostering active engagement among medical alumni, the foundation cultivates a network of ambassadors, advocates, and advisors who contribute to the growth and development of current students, residents, and faculty.
One of its key impacts is the provision of grants aimed at promoting medical research and scientific inquiry, which plays a pivotal role in advancing medical knowledge and innovation. These financial contributions not only support essential research initiatives but also help supplement faculty salaries and cover operational expenses, ensuring the school maintains high academic and educational standards.
Additionally, the foundation is dedicated to creating robust opportunities for mentorship and networking. This enhances professional relationships and collaborations among constituents, enriching the learning environment for students and supporting the ongoing development of graduates. Through its commitment to educational excellence and community engagement, the University of Virginia Medical School Foundation is a vital catalyst for growth and success within the medical field.
This information is meant to be a general summary of The University Of 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 2024.
- Investment Income: $169,170
- Program Service Revenue: $144,727
- Gross Receipts: $15,274,189
Assets and Liabilities:
- Total Assets: $123,889,244
- Total Liabilities: $390,399
- Net Assets: $123,498,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$144,727
Organization Details
Founding Year
1972
Principal Officer
Barry Collins
Website
www.uvamedalum.orgNTEE Category
Code: B54I - Education
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