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College Foundation of the University of Virginia

EIN 54-2009312 · Charlottesvle, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO FURTHER THE PURPOSES AND ASPIRATIONS OF THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES AT THE UNIVERSITY OF VIRGINIA, BY ADVISING AND SUPPORTING THE DEAN, RAISING FUNDS AND PROMOTING EXCELLENCE AND JEFFERSONIAN DISTINCTION.

Income
$46.9 million
Spending
$20.4 million
Spent on programs
61%
Reserves
3.9 months of spending
Largest source of income
donations and private grants, 99%
Employees
37
Volunteers
305
Highest pay
$444,359, foundation president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100. Higher than 34% of charities in its peer group (philanthropy, $10m to $100m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.9 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 56% of income.

  • Income trend

    15 of 15

    Income rose 102% on the year before.

  • Spending floor

    8 of 15

    61% of spending went to programs and raising each dollar of donations cost 13 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 21% of charities in its peer group (philanthropy, $10m to $100m).

  • Independent board

    25 of 25

    51 of 51 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $6.0 million spent. DEPARTMENTAL SUPPORT - FUNDING TO SUPPORT COURSES, ACADEMIC INNOVATION, AND INSTRUCTIONAL NEEDS OF THE SCHOOL'S ACADEMIC DEPARTMENTS AND INTERDISCIPLINARY PROGRAMS. THIS SUPPORT ALSO INCLUDES FUNDING FOR THE UNRESTRICTED USE BY THE DEAN OF THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES. GIFTS TO THE ANNUAL FUND ALLOW THE DEAN TO ADDRESS THE MOST PRESSING NEEDS AND PROMISING OPPORTUNITIES RELATED TO THE 11,095 UNDERGRADUATES AND 1,271 GRADUATE STUDENTS IN THE ARTS AND SCIENCES.
  2. $2.5 million spent. FACULTY EXCELLENCE - FUNDING TO SUPPORT THE EMINENT PROFESSORS IN THE ACADEMIC DISCIPLINES OF ARTS & SCIENCES. EXPENDITURES SUPPORT CUTTING EDGE RESEARCH AND COMPETITIVE COMPENSATION FOR THE APPROXIMATELY 865 FACULTY IN THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES. GIFTS DIRECTED TO SUPPORT THE FACULTY ENSURE THAT THE INSTRUCTION CAN CONTINUE.
  3. $4.1 million spent. STUDENT SCHOLARSHIPS, FELLOWSHIPS, AND OTHER PROGRAMS INCLUDES CLASSROOM FUNDING FOR UNDERGRADUATE SCHOLARSHIPS, GRADUATE FELLOWSHIPS, SPECIAL LECTURES, ADVISING, STUDENT RESEARCH, SCHOLARLY AWARDS, AND OTHER STUDENT SUPPORT FOR THE COLLEGE AND GRADUATE SCHOOL OF ARTS & SCIENCES.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2001.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.