Overview
What is University Of Virginia Foundation?
The University of Virginia Foundation is a nonprofit organization based in Charlottesville, Virginia, specifically at PO Box 400218. Its primary role is to provide administrative services to the University of Virginia (UVA) entities, associated organizations, and other entities involved in activities that support UVA. The Foundation engages in real estate activities for various reasons, including supporting UVA's primary programs, generating investment returns, providing for the real estate needs of the university for the next century, and enhancing the university's boundaries and entrances. Additionally, the Foundation manages and administers gifts, grants, bequests, and devises for the benefit of UVA.
Official website here: www.uvafoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The University of Virginia Foundation has received an 85% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This rating is based solely on their performance in these areas, indicating a solid financial management framework and responsible governance practices. The organization has a fully independent board with a high level of oversight, which contributes positively to their overall score.
Key strengths include a high program expense ratio of 93.86%, demonstrating that the majority of their expenditures are directed towards their charitable programs. Additionally, the foundation has received full points for its conflict of interest policy, whistleblower policy, and financial oversight measures, indicating a robust commitment to ethical practices and transparency. The foundation also maintains comprehensive documentation, including board meeting minutes, which further supports its accountability.
However, one area that could be improved is the liabilities to assets ratio, which stands at 65.01%. While this is not a critical concern, it suggests that the organization may have a higher level of financial obligations relative to its assets. Overall, the University of Virginia Foundation appears to be a well-managed nonprofit with effective governance and a strong focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Virginia Foundation legitimate?
University Of Virginia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Virginia 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: $880,517
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,434,853
For more financial information, click here
Official website here: www.uvafoundation.com
What is the mission statement of University Of Virginia Foundation?
The University of Virginia Foundation serves a crucial role in providing administrative support to entities and organizations associated with the University of Virginia (UVA). Its mission is geared towards enhancing UVA's academic programs and real estate needs for the next century. The foundation engages in real estate activities to fund primary programs, generate investment returns, cater to the university's long-term property needs, and enhance its boundaries and entrances. The organization also manages and administers gifts, grants, bequests, and devises to benefit the University of Virginia.
Official website here: www.uvafoundation.com
Who is the CEO of University Of Virginia Foundation?
Tim R Rose is the Director of University Of Virginia Foundation. The CEO's salary of University Of Virginia Foundation is $542,254 and their total compensation is $607,654.
Official website here: www.uvafoundation.com
What is the revenue of University Of Virginia Foundation?
University Of Virginia Foundation's revenue in 2022 was $36,530,024.
Official website here: www.uvafoundation.com
Who are the executives of University Of Virginia Foundation and what are their salaries?
The average compensation at University Of Virginia Foundation during 2022 was $95,897. There are 45 employees and 19 volunteers at University Of Virginia Foundation.
Here are 26 key members and their salaries (University Of Virginia Foundation's CEO's salary is $542,254 and their total compensation is $607,654):
- Compensation: $0
- Related: $995,240
- Other: $251,953
- Compensation: $0
- Related: $630,098
- Other: $125,654
- Compensation: $0
- Related: $640,165
- Other: $65,858
- Compensation: $542,254
- Related: $0
- Other: $65,400
- Compensation: $0
- Related: $417,373
- Other: $51,601
- Compensation: $265,733
- Related: $0
- Other: $56,070
- Compensation: $258,352
- Related: $0
- Other: $54,319
- Compensation: $215,715
- Related: $0
- Other: $53,052
- Compensation: $226,890
- Related: $0
- Other: $40,904
- Compensation: $152,087
- Related: $0
- Other: $46,233
- Compensation: $148,418
- Related: $0
- Other: $28,525
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Official website here: www.uvafoundation.com
Where can I find the form 990 for University Of Virginia Foundation?
University Of Virginia Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uvafoundation.com
Learn more at the official website: www.uvafoundation.com
Mission Statement of University Of Virginia Foundation
University of Virginia Foundation is a non-profit organization committed to providing administrative services to entities associated with the University of Virginia (UVA) and other entities engaged in activities that support the university. The Foundation's mission extends to matters concerning real property, with the ultimate goal of benefiting UVA. The organization engages in real estate activities for several reasons: supporting the university's primary programs, generating investment returns, providing for the real estate needs of UVA for the next century, and enhancing the university's boundaries and entrances.
The University of Virginia Foundation puts its mission into practice by using and administering gifts, grants, bequests, and devises for the advantage of UVA. This involvement in real estate activities and financial management allows the Foundation to contribute significantly to the university's growth and development. By providing essential services and managing resources effectively, the Foundation plays a crucial role in ensuring the University of Virginia's continued success.
In summary, the University of Virginia Foundation serves as a vital partner to the University of Virginia, offering administrative support and managing real estate activities to further the university's goals. Through its commitment to UVA, the Foundation's mission is to provide essential services and make a lasting impact on the university's future.
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Impact
October, 2024
The University of Virginia Foundation plays a crucial role in enhancing the university's infrastructure and operational efficiency. By providing essential administrative services to university entities and associated organizations, it ensures that vital support systems are in place for a variety of programs.
A significant aspect of the foundation's impact is its focus on real estate activities. By engaging in matters pertaining to real property, the foundation addresses both immediate and long-term needs of the University of Virginia. This proactive approach not only supports the university's primary programs but also positions it for future growth and development.
Through strategic real estate initiatives, the foundation aims to provide investment returns while also anticipating the university's real estate requirements for the next century. This forward-thinking focus includes improving the university’s boundaries and entrances, enhancing the overall campus experience for students, faculty, and visitors.
Furthermore, the foundation's stewardship of gifts, grants, bequests, and devises ensures that resources are effectively utilized to benefit the university, reinforcing its mission of educational excellence. Overall, the University of Virginia Foundation significantly contributes to the university's sustainability and enhancement, ensuring it remains a leading institution for generations to come.
This information is meant to be a general summary of University Of Virginia 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 2022.
- Investment Income: $1,645,972
- Program Service Revenue: $32,144,490
- Gross Receipts: $43,713,186
Assets and Liabilities:
- Total Assets: $508,958,321
- Total Liabilities: $325,485,833
- Net Assets: $183,472,488
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$28,163,226
ADMIN & MANAGEMENT SER
Revenue
$3,981,264
Organization Details
Founding Year
1993
Phone
(434) 982-4848Principal Officer
Tim R Rose
Main Address
PO BOX 400218, CHARLOTTESVILLE, VA, 229044218
Website
www.uvafoundation.comNTEE Category
Code: B110 - Education
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