Medical College of Virginia Foundation
87% goes to programs $2 to raise $100 Strong reserves Growing revenue
Medical College of Virginia Foundation is a 501(c)(3) organization based in Richmond, Virginia, registered in 2007, with $84,215,955 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
1021 E Cary St Ste 1100, Richmond, VA, 23219 EIN 54-6053660 Since 2007
Revenue (FY2024)
$84.2M
▲ 58.2% vs prior year
Education median: $200K
Expenses (FY2024)
$84.3M
Net assets
$1.0B
Employees
29
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Medical College of Virginia Foundation: 87% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating149 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Medical College of Virginia Foundation: 149 mo reserves · -0% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Medical College of Virginia Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Medical College of Virginia Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To support and foster vcu health and vcu health sciences through philanthropy, stewardship, innovation, communication, and collaboration.
What they do
To aid, strengthen, and extend work of vcu health (faculty salaries paid to vcu).
Contact & location
- Address
- 1021 E Cary St Ste 1100, Richmond, VA, 23219
- City
- Richmond
- State
- Virginia
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $74.2M (FY2013) to $84.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.9MNet assets $1.0B
Operating margin
-0.1%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$10.9M
Net assets
$1.0B
Salaries & benefits
$4.9M
6% of expenses
Board members
37
37 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $84,215,955▲58.2% | $84,259,876▲22.8% | $1,048,613,963▲9.1% | $1,059,529,799▲9.2% | 990 |
| 2023 | $53,247,393▼7.6% | $68,622,811▲70.1% | $961,378,571▲8.5% | $970,176,377▲8.6% | 990 |
| 2022 | $57,642,255▲20.1% | $40,344,703▼0.3% | $886,328,000▲8.1% | $893,271,630▲7.9% | 990 |
| 2021 | $47,988,009▼36.3% | $40,469,142▼12.0% | $820,113,581▼6.0% | $827,958,797▼6.1% | 990 |
| 2020 | $75,393,096▲38.8% | $46,001,368▲36.8% | $872,010,902▲37.2% | $881,335,894▲36.4% | 990 |
| 2019 | $54,318,573▼22.4% | $33,636,938▼4.0% | $635,645,654▲3.9% | $645,911,510▲3.8% | 990 |
| 2018 | $70,020,837▲26.5% | $35,036,528▲3.1% | $611,820,250▲9.9% | $622,243,347▲9.5% | 990 |
| 2017 | $55,362,576▲51.9% | $33,996,371▲6.4% | $556,837,766▲8.1% | $568,360,657▲8.2% | 990 |
| 2016 | $36,452,754▲4.4% | $31,962,184▼3.5% | $515,043,976▲11.8% | $525,482,020▲11.3% | 990 |
| 2015 | $34,925,196▼47.6% | $33,131,200▼11.5% | $460,593,385▼3.7% | $472,338,722▼3.6% | 990 |
| 2014 | $66,599,462▼10.3% | $37,416,388▼4.8% | $478,093,506▲2.4% | $490,076,874▲2.2% | 990 |
| 2013 | $74,243,908 | $39,311,258▲7.2% | $467,018,603▲10.0% | $479,644,008▲8.0% | 990 |
| 2012 | — | $36,664,610▲12.2% | $424,620,029▲8.0% | $444,075,283▲8.3% | 990 |
| 2011 | — | $32,680,453▲1.2% | $393,249,349▼1.1% | $410,216,126▼1.3% | 990 |
| 2010 | — | $32,305,715▲0.2% | $397,466,868▲17.7% | $415,506,575▲16.9% | 990 |
| 2009 | — | $32,239,393 | $337,673,913 | $355,290,291 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Margaret Ann Bollmeier — $461,029 (0.55% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Margaret Ann Bollmeier | President and Ceo | 40 | $461,029 |
| Brian Thomas | Evp and Chief Development Officer | 40 | $336,318 |
| David Silver | Vp For Finance & Administration and Cfo | 40 | $322,752 |
| Julie Sears | Director of Financial Mgmt and Controller | 40 | $194,459 |
| Eric Peters | Vp For Communications | 40 | $192,932 |
| Sara Curry | Director of Human Resources | 40 | $158,491 |
| Christopher Ayers | Assoc Director of Financial Systems & Reporting | 40 | $130,489 |
| Gina Padrone | Assoc Director of Treasury & Investment Acctg | 40 | $130,015 |
| Paul Brockwell | Sr Assoc Director of Communications | 40 | $112,754 |
| Crystal Puryear | Sr Executive Assistant To Ceo and President | 40 | $108,504 |
| Alex Cecil | Trustee | 1 | — |
| Danny Avula Md | Trustee | 1 | — |
| Darius A Johnson | Chair | 1 | — |
| Dorothy Kee Tilghman Rabb | Trustee | 1 | — |
| D Oscarlyn Elder | Trustee | 1 | — |
| Elizabeth Anne Whalley Esq | Secretary | 1 | — |
| Elizabeth Hopkins | Trustee | 1 | — |
| Ellen E Spong | Trustee | 1 | — |
| Ernesto V Sampson | Treasurer | 1 | — |
| Ghulam D Qureshi Md | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Brockenbrough & Co Inc | Investment Mgmt | $1,090,071 |
| Nagarro Inc | It Services | $556,314 |
| Worth Higgins & Assoc Inc | Printing | $345,684 |
| The Expo Group LLC | Marketing Display Design | $327,000 |
| Two Tango Inc | Advertising | $317,289 |
Grants received · $32.3M total
157 grants to Medical College of Virginia Foundation totaling $32.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $2,158,000 |
| The Community Foundation Inc | Health and wellness | 2024 | $813,907 |
| Lettie Pate Whitehead Foundation Inc | For nursing scholarships. | 2024 | $809,000 |
| American Endowment Foundation | Educational | 2024 | $270,924 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $175,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $156,000 |
| The Pauley Family Foundation | General operations of the massey cancer center ($50,000) and general operations of the pauley heart center ($50,000) | 2024 | $100,000 |
| Ayco Charitable Foundation | Education | 2024 | $63,000 |
| Parkinsons Foundation Inc | Center of excellence grants | 2024 | $60,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $57,377 |
| American Online Giving Foundation Inc | General support | 2024 | $52,968 |
| Charities Aid Foundation America | Charitable donation | 2024 | $12,645 |
| Greater Washington Community Foundation | Scholarship | 2024 | $11,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $10,750 |
| Sentara Health | Vcu college of health professions dept. of health administration 75th anniversary celebration | 2024 | $10,000 |
Grants made · $73.5M in FY2024
1 grant totaling $73.5M in FY2024. All grants made by Medical College of Virginia Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Vcuvcu Health Campus | To aid, strengthen and extend work of vcu/vcu health campus (faculty salaries paid to vcu). education, research and general expenses for vcu/vcu health campus and scholarships and awards. | $73,538,488 |
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Frequently asked questions
- Is Medical College of Virginia Foundation a legitimate nonprofit?
- Yes. Medical College of Virginia Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-6053660, based in Richmond, Virginia. Donations are tax-deductible.
- What is Medical College of Virginia Foundation's EIN?
- Medical College of Virginia Foundation's Employer Identification Number (EIN) is 54-6053660.
- How much revenue does Medical College of Virginia Foundation report?
- Medical College of Virginia Foundation reported $84,215,955 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Medical College of Virginia Foundation's spending goes to programs?
- Medical College of Virginia Foundation spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Medical College of Virginia Foundation have?
- CharityIndex grades Medical College of Virginia Foundation A, based on program efficiency and fundraising cost.
- How much does Medical College of Virginia Foundation's highest-paid employee make?
- The highest reported compensation on Medical College of Virginia Foundation's latest Form 990 is $461,029, paid to Margaret Ann Bollmeier (President and Ceo).
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Data for Medical College of Virginia Foundation (EIN 54-6053660) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.