EIN 54-6052014

Old Dominion University Educational Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
1955
Most recent tax filings
2023-12-01
Description
The Educational Foundation was formed in 1955 to receive, administer and distribute funds and property in the furtherance of the educational activities and objectives of the University. The Educational Foundation provides substantial support to the University's academic programs through endowments and annual gifts. Support includes funding faculty chairs and professorships, scholarships, research, and capital construction projects.
Total revenues
$33,777,034
2023
Total expenses
$18,002,808
2023
Total assets
$374,805,050
2023
Num. employees
1
2023

Program areas at Old Dominion University Educational Foundation

To administer and distribute funds and property exclusively to support the mission, objectives and programs of Old Dominion University. The Foundation provides supplemental funds to help defray operating costs of academic departments and special projects. The supplemental funds are used to provide student and faculty scholarships/awards, eminent scholar professorships, faculty salaries and faculty research. The Foundation also provides funding for University development, capital projects and substantial support of operations of the library and its collections.

Grants made by Old Dominion University Educational Foundation

GranteeGrant descriptionAmount
Old Dominion University Alumni AssociationSee Part Iv$278,259
Old Dominion University Real Estate FoundationSee Part Vi$75,000
Old Dominion University Museum FoundationSee Part Iv$74,000

Who funds Old Dominion University Educational Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$507,945
Hampton Roads Community FoundationEducation$496,095
Sentara HealthcareSentara Scholars Program$398,805
...and 30 more grants received totalling $2,513,317

Personnel at Old Dominion University Educational Foundation

NameTitleCompensation
Alonzo BrandonExecutive Director$0
Garret A AlcarazTreasurer$0
Michael LarockAssistant Treasurer$0
Cindy GallAssistant Secretary$0
Maggie LibbyAssistant Treasurer$0
...and 5 more key personnel

Financials for Old Dominion University Educational Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$26,365,746
Program services$0
Investment income and dividends$6,015,757
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-37,690
Net gain from sale of non-inventory assets$601,855
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$831,366
Total revenues$33,777,034

Form 990s for Old Dominion University Educational Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-16990View PDF
2022-122023-09-21990View PDF
2021-122022-11-02990View PDF
2020-122021-07-06990View PDF
2019-122021-01-21990View PDF
...and 11 more Form 990s
Data update history
September 22, 2024
Used new vendors
Identified 2 new vendors, including , and
July 8, 2024
Received grants
Identified 17 new grant, including a grant for $496,095 from Hampton Roads Community Foundation
November 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 9, 2023
Updated personnel
Identified 6 new personnel
October 24, 2023
Received grants
Identified 21 new grant, including a grant for $2,616,879 from American Heart Association (AHA)
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsOperates internationallyEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
4417 Monarch Way 4th Floor
Norfolk, VA 23508
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Norfolk city, VA
Website URL
ww1.odu.edu/about/support-odu/foundations/educational 
Phone
(757) 683-3090
IRS details
EIN
54-6052014
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B80: Student Services and Organizations of Students
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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