University of Virginia Investment Management Company
82% goes to programs
University of Virginia Investment Management Company is a 501(c)(3) organization based in Charlottesvle, Virginia, registered in 2005, with $912,342,229 in FY2023 revenue. CharityIndex grades it B+, and it directs about 82% of spending to programs.
701 E Water St Ste 4, Charlottesvle, VA, 22902 EIN 56-2462804 Since 2005
Revenue (FY2023)
$912.3M
▲ 156.8% vs prior year
Education median: $200K
Expenses (FY2023)
$42.7M
Net assets
$20.7M
Employees
58
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating82% to programs
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 University of Virginia Investment Management Company: 82% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +95% 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 University of Virginia Investment Management Company: 6 mo reserves · +95% margin earns a A 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 University of Virginia Investment Management Company: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 University of Virginia Investment Management Company: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Uvimco is organized to invest funds on behalf of the rector and visitors of the university of virginia (the university or uva) and university-associated organizations(uaos).
Contact & location
- Address
- 701 E Water St Ste 4, Charlottesvle, VA, 22902
- City
- Charlottesvle
- State
- Virginia
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $274.7M (FY2015) to $912.3M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $14.6BNet assets $20.7M
Operating margin
95.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.6B
Total liabilities
$14.6B
Net assets
$20.7M
Salaries & benefits
$36.1M
84% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $912,342,229▲157% | $42,707,252▲32.6% | $20,696,379▲6.6% | $14,631,722,442▲5.4% | 990 |
| 2022 | $355,289,212▼66.6% | $32,219,659▲6.8% | $19,410,195▲9.6% | $13,880,767,946▲0.6% | 990 |
| 2021 | $1,064,200,086▲10.7% | $30,167,298▲8.4% | $17,703,473▼0.2% | $13,799,842,029▼6.0% | 990 |
| 2020 | $961,602,712▲110% | $27,829,949▲45.6% | $17,736,051▼6.5% | $14,686,772,687▲46.3% | 990 |
| 2019 | $457,345,731▼38.7% | $19,111,953▼3.5% | $18,964,930▲6.7% | $10,038,884,501▲2.1% | 990 |
| 2018 | $745,536,412▲19.3% | $19,803,769▲20.9% | $17,780,473▲10.3% | $9,828,898,616▲3.0% | 990 |
| 2017 | $625,080,584▲60.5% | $16,387,060▼15.5% | $16,123,816▼10.6% | $9,542,071,609▲10.1% | 990 |
| 2016 | $389,508,188▲41.8% | $19,385,865▲14.4% | $18,037,426▲9.8% | $8,665,220,536▲9.7% | 990 |
| 2015 | $274,730,987 | $16,938,799 | $16,434,544 | $7,897,613,647 | 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 (FY2023)
Highest-paid: Robert W Durden — $4,473,742 (10.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert W Durden | Ceo/cio | 50 | $4,473,742 |
| Kristina M Alimard | Chief Operating Officer | 50 | $4,054,265 |
| E Sargent Mcgowan | Managing Director | 50 | $2,149,503 |
| Lindsay R Larsen | Managing Director | 50 | $1,920,640 |
| Jason M Love | Managing Director | 50 | $1,597,495 |
| J Matthew Dorchuck | Managing Director Beg 7/23 | 50 | $1,156,664 |
| Eric J Bundonis | Managing Director | 50 | $1,137,574 |
| John M Winn | Gen Cnsl/cco & Secretary | 50 | $984,784 |
| Adrienne C Clough | Managing Director | 50 | $905,941 |
| Allison P Gillam | Chief Financial Officer | 50 | $770,869 |
| Blake A Fischer | Director of Technology | 50 | $563,131 |
| Robert S Hamel | Director | 50 | $448,044 |
| Jeffery M Barnes | Director | 50 | $371,820 |
| Shi Liu | Senior Associate | 50 | $338,361 |
| Marilyn K Perkins | Director | 50 | $336,245 |
| Andrew T Mulderry | Director | 2 | — |
| Elizabeth K Weymouth | Director Beg 7/23 | 2 | — |
| George K Martin | Director Beg 7/23 | 2 | — |
| Henry H Mcvey | Director | 2 | — |
| James B Murray Jr | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Shapiro Capital Management LLC | Investment Manager | $1,376,363 |
| The Bank of New York Mellon | Custodian | $1,163,163 |
| Parametric Portfolio Associates LLC | Investment Manager | $982,152 |
| Old Orchard Capital Management LP | Investment Manager | $860,906 |
| Pricewaterhousecoopers LLP | Audit & Tax Services | $465,670 |
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Frequently asked questions
- Is University of Virginia Investment Management Company a legitimate nonprofit?
- Yes. University of Virginia Investment Management Company is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2462804, based in Charlottesvle, Virginia. Donations are tax-deductible.
- What is University of Virginia Investment Management Company's EIN?
- University of Virginia Investment Management Company's Employer Identification Number (EIN) is 56-2462804.
- How much revenue does University of Virginia Investment Management Company report?
- University of Virginia Investment Management Company reported $912,342,229 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Virginia Investment Management Company's spending goes to programs?
- University of Virginia Investment Management Company spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Virginia Investment Management Company have?
- CharityIndex grades University of Virginia Investment Management Company B+, based on program efficiency and fundraising cost.
- How much does University of Virginia Investment Management Company's highest-paid employee make?
- The highest reported compensation on University of Virginia Investment Management Company's latest Form 990 is $4,473,742, paid to Robert W Durden (Ceo/cio).
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Data for University of Virginia Investment Management Company (EIN 56-2462804) 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.