Overview
What is The College Foundation Of The University Of Virginia?
The College Foundation of the University of Virginia is a nonprofit organization located in Charlottesville, Virginia. Their primary mission is to fundraise and support the College and Graduate School of Arts & Sciences at the University of Virginia. They achieve this by raising funds and promoting excellence and Jeffersonian distinction. Their activities include providing departmental support for courses, academic innovation, and instructional needs of the school's academic departments and interdisciplinary programs. This support also includes unresticted funds for the dean of the college and graduate school. With 39 employees, they aim to address the most pressing needs and promising opportunities related to the 11,564 undergraduates and 1,242 graduate students in the Arts and Sciences.
Official website here: www.as.virginia.edu/college-foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 92% (Four-Star out of Four Star rating).
The College Foundation of the University of Virginia has achieved a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization's score is entirely based on its Accountability & Finance metrics, highlighting its strong governance and transparency practices. The perfect scores in board independence, financial oversight, and absence of material asset diversion underscore its commitment to responsible management.
Strengths of the foundation include a fully independent board and a solid financial framework, evidenced by a very low liabilities-to-assets ratio of just 2.04%. Additionally, the organization demonstrates efficient program spending, with 70.25% of its expenses directed toward programs, making it clear that the majority of its resources are utilized for its mission. The fundraising efficiency of $0.15 per dollar raised also indicates prudent financial practices.
While the foundation shows impressive financial and governance metrics, no significant limitations or concerns were noted in the available data. Overall, the College Foundation of the University of Virginia stands out as a well-managed nonprofit, dedicated to its mission with effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is The College Foundation Of The University Of Virginia legitimate?
The College Foundation Of The University Of Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. The College Foundation Of The University Of Virginia 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: $911,552
Professional Fundraising Fees: $237,610
Other Salaries and Wages: $2,722,670
For more financial information, click here
Official website here: www.as.virginia.edu/college-foundation
What is the mission statement of The College Foundation Of The University Of Virginia?
The College Foundation of the University of Virginia works towards supporting the College and Graduate School of Arts & Sciences by raising funds and promoting excellence and Jeffersonian distinction. This organization's mission is geared towards enhancing the quality of education for the 11,564 undergraduates and 1,242 graduate students in the Arts and Sciences. Through fundraising, they provide departmental support, covering courses, academic innovation, and instructional needs. The dean of the College and Graduate School of Arts & Sciences also benefits from unallocated funds to address pressing needs and promising opportunities within the academic community.
Official website here: www.as.virginia.edu/college-foundation
Who is the CEO of The College Foundation Of The University Of Virginia?
Cecile Burleigh Harper is the Chair Of The College Foundation of The College Foundation Of The University Of Virginia.
Official website here: www.as.virginia.edu/college-foundation
What is the revenue of The College Foundation Of The University Of Virginia?
The College Foundation Of The University Of Virginia's revenue in 2023 was $22,510,807.
Official website here: www.as.virginia.edu/college-foundation
Who are the executives of The College Foundation Of The University Of Virginia and what are their salaries?
The average compensation at The College Foundation Of The University Of Virginia during 2023 was $93,185. There are 39 employees and 254 volunteers at The College Foundation Of The University Of Virginia.
Here are 55 key members and their salaries:
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Official website here: www.as.virginia.edu/college-foundation
Where can I find the form 990 for The College Foundation Of The University Of Virginia?
The College Foundation Of The University Of Virginia's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.as.virginia.edu/college-foundation
Learn more at the official website: www.as.virginia.edu/college-foundation
Mission Statement of The College Foundation Of The University Of Virginia
The College Foundation of the University of Virginia, a prominent nonprofit organization, is dedicated to supporting the College and Graduate School of Arts & Sciences at the University of Virginia. Through fundraising efforts and the promotion of excellence and Jeffersonian distinction, this foundation plays a crucial role in enhancing the academic experience for the 11,564 undergraduates and 1,242 graduate students in the arts and sciences.
This foundation's mission is multifaceted. It primarily focuses on providing financial support to the academic departments and interdisciplinary programs within the College and Graduate School of Arts & Sciences. This funding allows the dean to address the most pressing needs and promising opportunities related to instruction and academic innovation. Additionally, the foundation enables the unencumbered use of funds by the dean to ensure the overall growth and success of the college.
Gifts to the annual fund are pivotal to the foundation's endeavors. These donations grant the dean the flexibility to allocate resources effectively, addressing the immediate needs of the college while identifying and capitalizing on emerging opportunities. By supporting the College and Graduate School of Arts & Sciences in this manner, The College Foundation of the University of Virginia is instrumental in fostering a thriving and dynamic academic community that upholds the highest standards of excellence.
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Impact
October, 2024
The College Foundation of the University of Virginia significantly enhances the academic landscape of the College and Graduate School of Arts & Sciences. By raising funds, it directly supports courses, promotes academic innovation, and addresses the instructional needs of various academic departments and interdisciplinary programs.
This funding is vital as it allows for the unrestricted support managed by the Dean, ensuring that the most pressing needs and promising opportunities for its extensive student body — which includes over 11,500 undergraduates and more than 1,200 graduate students — are met. Additionally, through its efforts in philanthropy, the foundation promotes excellence and a commitment to the ideals of Jeffersonian distinction, directly influencing the quality of education and research at the university. This impact fosters an enriched academic environment that benefits both students and faculty alike, and it plays a critical role in sustaining the university's mission of academic excellence.
This information is meant to be a general summary of The College Foundation Of The University Of Virginia. 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: $213,729
- Gross Receipts: $27,224,984
Assets and Liabilities:
- Total Assets: $248,245,478
- Total Liabilities: $5,096,897
- Net Assets: $243,148,581
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Organization Details
Founding Year
2000
Phone
(434) 243-8960Principal Officer
Cecile Burleigh Harper
Main Address
P O BOX 5527, CHARLOTTESVILLE, VA, 22905
NTEE Category
Code: T30 - Philanthropy
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