West Virginia Univ Foundation Inc
83% goes to programs $19 to raise $100 Strong reserves Declining revenue
West Virginia Univ Foundation Inc is a 501(c)(3) organization based in Morgantown, West Virginia, registered in 1960, with $152,277,981 in FY2024 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
One Waterfront Place 7th Floor, Morgantown, WV, 26501 EIN 55-6017181 Since 1960
Revenue (FY2024)
$152.3M
▼ 37.2% vs prior year
Education median: $200K
Expenses (FY2024)
$144.8M
Net assets
$1.4B
Employees
177
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 rating83% to programs · $19 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 West Virginia Univ Foundation Inc: 83% to programs · $19 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating113 mo reserves · +5% 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 West Virginia Univ Foundation Inc: 113 mo reserves · +5% 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 West Virginia Univ Foundation Inc: 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 West Virginia Univ Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The mission of the wvu foundation is to enrich the lives of those touched by west virginia university by maximizing charitable support and providing services to the university, its students and affiliated organizations.
What they do
The organization utilizes private funding to support capital project initiatives across campus. for the current fiscal year, west virginia university received funding from the organization to support a variety of capital initiatives.
The organization utilizes private funding to support students within multiple schools, colleges, and departments across campus; the most significant of which were the department of intercollegiate athletics, the eberly college of arts and sciences, the college of agriculture, natural resources and design, and the statler college of engineering and mineral resources. scholarship amounts include tuition, books, and room and board. scholarship amounts are utilized across campus to help recruit nationally prominent students as well as provide funding support to give other students the opportunity to pursue an academic career at the highest level.
The organization has other disbursements in direct support of west virginia university, including faculty and staff travel for educational purposes, classroom, laboratory, and office supplies, educational materials, etc.
Contact & location
- Address
- One Waterfront Place 7th Floor, Morgantown, WV, 26501
- City
- Morgantown
- State
- West Virginia
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $122.8M (FY2013) to $152.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9BNet assets $1.4B
Operating margin
4.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.3B
Total liabilities
$1.9B
Net assets
$1.4B
Salaries & benefits
$47.2M
33% of expenses
Board members
30
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $152,277,981▼37.2% | $144,767,225▼6.0% | $1,361,578,063▲3.9% | $3,299,917,464▲8.4% | 990 |
| 2023 | $242,493,810▲76.8% | $153,932,427▲0.4% | $1,310,271,340▲7.1% | $3,043,490,864▲7.7% | 990 |
| 2022 | $137,168,472▼38.1% | $153,381,241▲46.5% | $1,223,718,098▼1.7% | $2,826,400,531▲6.0% | 990 |
| 2021 | $221,489,920▲20.8% | $104,681,014▲6.8% | $1,244,606,612▲2.9% | $2,666,942,947▲4.6% | 990 |
| 2020 | $183,335,188▲18.0% | $97,989,488▼7.8% | $1,209,135,271▲26.9% | $2,549,094,162▲30.6% | 990 |
| 2019 | $155,430,683▲9.8% | $106,328,976▼0.3% | $952,616,353▲3.4% | $1,952,164,791▲6.9% | 990 |
| 2018 | $141,620,282▲7.4% | $106,620,826▼14.5% | $921,491,958▲4.6% | $1,825,758,750▲2.4% | 990 |
| 2017 | $131,813,965▼9.5% | $124,715,588▲21.2% | $881,322,911▲3.1% | $1,783,345,224▲5.5% | 990 |
| 2016 | $145,731,056▲38.6% | $102,858,732▲10.7% | $854,936,935▲10.3% | $1,690,945,723▲16.8% | 990 |
| 2015 | $105,182,142▼24.2% | $92,883,729▲19.1% | $774,837,163▼3.6% | $1,447,197,010▼2.3% | 990 |
| 2014 | $138,682,228▲12.9% | $77,960,700▲5.9% | $803,661,845▲4.0% | $1,481,851,542▲3.1% | 990 |
| 2013 | $122,789,305 | $73,615,379▲16.5% | $772,655,422▲14.9% | $1,437,355,409▲15.4% | 990 |
| 2012 | — | $63,192,705▼19.7% | $672,667,351▲12.7% | $1,245,464,811▲12.2% | 990 |
| 2011 | — | $78,685,267▲28.1% | $596,801,960▲2.4% | $1,110,445,096▲2.3% | 990 |
| 2010 | — | $61,429,215▲22.1% | $582,568,352▲18.1% | $1,085,813,234▲23.3% | 990 |
| 2009 | — | $50,312,922 | $493,248,824 | $880,892,385 | 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: Richard Kraich Ret July 2025 — $996,659 (0.69% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Kraich Ret July 2025 | Vp Investments, Cio | 45 | $996,659 |
| Cynthia L Roth | President & Ceo | 45 | $815,430 |
| Bernard J Davisson II Ret Dec 2024 | Sr. Vp Development, Cdo | 45 | $523,025 |
| Michael E Augustine | Coo/cfo, Treasurer | 45 | $465,060 |
| Jennifer Cunanan | Assoc Vp, Investments | 45 | $447,757 |
| Kaylon Mcinelly | Assoc Vp, Investments | 45 | $345,917 |
| Ben Murray | Deputy Athletic Director and Chief Development Officer For Athletics | 45 | $301,792 |
| Timothy Bolling | Sr. Assoc Vp, Leadership Philanthropy | 45 | $264,870 |
| Charles Kerzak | Srassocvp, Universitydevel/ Campaignmgmt | 45 | $261,028 |
| Melissa L Simpson | Sr, Avp Finance/ Asst. Treasurer | 45 | $195,576 |
| Jessica M Burns | Dr. of Board Relations/asst. Board Sec | 45 | $103,548 |
| Alan J Zuccari | Director | 2 | — |
| Alexis Pugh | Director | 2 | — |
| Bradford Ritchie | Director | 2 | — |
| Christine Davis | Director | 2 | — |
| Dave Gruver | Director | 2 | — |
| Erika Cramer | Director | 2 | — |
| George Bicher | Director | 2 | — |
| George S Weaver III | Director | 2 | — |
| Jane Mcneer | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Encap Investments | Investment Manager | $833,115 |
| Hudson Bay Capital Management LP | Investment Manager | $762,147 |
| Longtail Alpha LLC | Investment Manager | $710,526 |
| Carlyle Group | Investment Manager | $623,219 |
| Clayton Dubilier & Rice LLC | Investment Manager | $616,109 |
Grants received · $55.3M total
279 grants to West Virginia Univ Foundation Inc totaling $55.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $5,000,000 |
| West Virginia United Health System Inc | Support | 2024 | $1,542,500 |
| West Virginia University Hospitals Inc | Support | 2024 | $1,146,270 |
| Columbus Foundation | Education | 2024 | $408,500 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $380,000 |
| American Endowment Foundation | Educational | 2024 | $273,000 |
| Winston-salem Foundation | 4 grant(s) for varying purposes | 2024 | $201,200 |
| The Community Foundation Inc | University or private school | 2024 | $185,000 |
| American Online Giving Foundation Inc | General support | 2024 | $142,133 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $114,085 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $88,333 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $78,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $59,386 |
| Austin Community Foundation | Education | 2024 | $45,000 |
| The Bessemer Giving Fund | General support | 2024 | $35,050 |
Grants made · $18.5M in FY2024
1 grant totaling $18.5M in FY2024. All grants made by West Virginia Univ Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| State of West Virginia | To support students of west virginia university | $18,546,927 |
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Frequently asked questions
- Is West Virginia Univ Foundation Inc a legitimate nonprofit?
- Yes. West Virginia Univ Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 55-6017181, based in Morgantown, West Virginia. Donations are tax-deductible.
- What is West Virginia Univ Foundation Inc's EIN?
- West Virginia Univ Foundation Inc's Employer Identification Number (EIN) is 55-6017181.
- How much revenue does West Virginia Univ Foundation Inc report?
- West Virginia Univ Foundation Inc reported $152,277,981 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of West Virginia Univ Foundation Inc's spending goes to programs?
- West Virginia Univ Foundation Inc spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does West Virginia Univ Foundation Inc have?
- CharityIndex grades West Virginia Univ Foundation Inc A, based on program efficiency and fundraising cost.
- How much does West Virginia Univ Foundation Inc's highest-paid employee make?
- The highest reported compensation on West Virginia Univ Foundation Inc's latest Form 990 is $996,659, paid to Richard Kraich Ret July 2025 (Vp Investments, Cio).
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Data for West Virginia Univ Foundation Inc (EIN 55-6017181) 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.