EIN 55-6017181

West Virginia University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
189
Year formed
1954
Most recent tax filings
2023-06-01
Description
The mission of the wvu Foundation is to enrich the lives of those touched by West Virginia University by maximizing private charitable support and providing services to the University and its non-profit affiliated organizations. To support and benefit West Virginia University and its affiliated organizations.
Total revenues
$137,168,472
2023
Total expenses
$153,381,241
2023
Total assets
$2,826,400,531
2023
Num. employees
189
2023

Program areas at West Virginia University Foundation

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 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 multiple schools, colleges, and departments impacting all levels of the campus. Amounts funded in this area are primarily utilized to enhance salary levels thereby positioning West Virginia University to be more competitive in attracting and retaining talented individuals within the academic, administrative, and research fields. The health sciences campus was the primary beneficiary of funded salaries; however, virtually every academic department, as well as the department of intercollegiate athletics, received funding for this critical function.
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.

Grants made by West Virginia University Foundation

GranteeGrant descriptionAmount
Nicholas County CeosTo Support Students of West Virginia University$21,453,699

Who funds West Virginia University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,318,155
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,318,155
West Virginia University Hospitals (WVUH)Support$1,153,967
...and 160 more grants received totalling $13,340,369

Personnel at West Virginia University Foundation

NameTitleCompensation
Cynthia L RothPresident and Chief Executive Officer$749,486
Jessica M BurnsBoard Administration , Executive To Chief Executive Officer and Assistant Board Secretary$87,806
Michael E AugustineChief Operating Officer and Chief Financial Officer and Treasurer$435,601
Bernard J DavissonSenior Vice President Development , Chief Financial Officer$486,338
Richard KraichVice President Investments , Chief Information Officer$902,561
...and 9 more key personnel

Financials for West Virginia University Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$77,015,608
Program services$18,658,399
Investment income and dividends$18,029,742
Tax-exempt bond proceeds$0
Royalty revenue$93,170
Net rental income$674,866
Net gain from sale of non-inventory assets$23,511,186
Net income from fundraising events$-814,499
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$137,168,472

Form 990s for West Virginia University Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-04990View PDF
2022-062023-03-16990View PDF
2021-062022-03-22990View PDF
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s
Data update history
May 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 30 new grant, including a grant for $61,198 from Nason Pritchard Fund in Engineering-Wvu
May 17, 2024
Updated personnel
Identified 3 new personnel
May 17, 2024
Used new vendors
Identified 3 new vendors, including , , and
January 3, 2024
Received grants
Identified 62 new grant, including a grant for $1,153,967 from West Virginia University Hospitals (WVUH)
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationFundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donations
General information
Address
1 Waterfront Pl 7th Floor
Morgantown, WV 26507
Metro area
Morgantown, WV
County
Monongalia County, WV
Website URL
wvuf.org/ 
Phone
(304) 284-4000
Facebook page
wvufoundation 
Twitter profile
@wvufoundation 
IRS details
EIN
55-6017181
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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