Overview
What is The University Of Virginia's College At Wise Foundation Inc?
The University of Virginia's College at Wise Foundation Inc is a nonprofit organization based in Wise, Virginia. Its primary mission is to support the academic, athletic, and student life programs at the University of Virginia's College at Wise by raising funds. These funds are primarily utilized for endowed funds designated for scholarships, professorships, lectureships, awards, and operational support. Additionally, funds are raised to finance experiential learning opportunities such as study abroad, undergraduate research, and internships. The foundation also solicits and manages funds for the purchase and management of property for the educational benefit of the university. During the year, the college had a total enrollment of 1,113 students, with over half of them being eligible for financial assistance. A significant number of students at the university also lack family support.
Official website here: www.virginia.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The University of Virginia's College At Wise Foundation Inc has received a remarkable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. With an impressive score of 97% in the Accountability & Finance category, the foundation has demonstrated its effective governance practices and prudent financial management.
Strengths of the organization include an entirely independent board, which consists of 31 members, showcasing a robust governance structure. Additionally, the foundation has received full marks for various policies such as conflict of interest, whistleblower, and document retention, further indicating its dedication to ethical practices. Furthermore, the foundation excels in its financial metrics, with a program expense ratio of 94.48%, which indicates that a significant portion of its funds is directed towards its charitable programs.
While the data reflects a well-managed organization, the summary does not highlight any notable limitations or areas needing improvement. This suggests that donors can have confidence in the foundation's operations and its effective use of resources to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Virginia's College At Wise Foundation Inc legitimate?
The University Of Virginia's College At Wise Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Virginia's College At Wise Foundation Inc 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.
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For more financial information, click here
Official website here: www.virginia.edu
What is the mission statement of The University Of Virginia's College At Wise Foundation Inc?
The University of Virginia's College at Wise Foundation Inc. is dedicated to supporting the academic, athletic, and student life programs at the University of Virginia's College at Wise. They accomplish this by soliciting and obtaining funds for these programs. Additionally, the foundation seeks funds for the purchase and management of property, both improved and unimproved, with the sole purpose of benefiting the educational needs of the University of Virginia's College at Wise. The foundation's primary objective is to contribute to the enhancement and advancement of the educational experience for students at the University of Virginia's College at Wise.
Official website here: www.virginia.edu
What is the revenue of The University Of Virginia's College At Wise Foundation Inc?
The University Of Virginia's College At Wise Foundation Inc's revenue in 2024 was $4,500,045.
Official website here: www.virginia.edu
Who are the executives of The University Of Virginia's College At Wise Foundation Inc and what are their salaries?
There 35 volunteers at The University Of Virginia's College At Wise Foundation Inc.
Here are 32 key members and their salaries:
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Official website here: www.virginia.edu
Where can I find the form 990 for The University Of Virginia's College At Wise Foundation Inc?
The University Of Virginia's College At Wise Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.virginia.edu
Learn more at the official website: www.virginia.edu
Mission Statement of The University Of Virginia's College At Wise Foundation Inc
The University of Virginia's College at Wise Foundation Inc is committed to bolstering the academic, athletic, and student life programs at the University of Virginia's College at Wise. To accomplish this, the Foundation engages in fundraising activities, aiming to collect resources for the enhancement and advancement of these programs. Furthermore, the Foundation also seeks funds for the acquisition and management of property, both improved and unimproved, with the primary objective of benefiting the educational realm of the University of Virginia's College at Wise.
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Impact
July, 2024
The University Of Virginia's College At Wise Foundation Inc plays a crucial role in supporting the academic, athletic, and student life programs at the University of Virginia's College at Wise. Through fundraising efforts, the foundation aids in the furtherance of these programs by soliciting and obtaining funds for various educational initiatives. This includes supporting endowed funds for professorships, scholarships, awards, and operational expenses, as well as facilitating experiential learning opportunities such as study abroad, undergraduate research, and internships.
Given that a significant percentage of students at the University of Virginia's College at Wise require financial assistance and many lack family support, the foundation's contributions play a vital role in ensuring that these students have access to quality education and valuable experiences. Through its efforts, the foundation helps to enhance the overall educational environment and opportunities available to the college community.
This information is meant to be a general summary of The University Of Virginia's College At Wise Foundation Inc. 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: $8,065
- Program Service Revenue: $162,836
- Gross Receipts: $4,528,509
Assets and Liabilities:
- Total Assets: $40,382,295
- Total Liabilities: $32,569
- Net Assets: $40,349,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUXILIARY SERVICES
Revenue
$162,836
Organization Details
Founding Year
1991
Principal Officer
Mrs Valerie Lawson
Website
www.virginia.eduNTEE Category
Code: B80Z - Education
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