THE MISSION OF THE VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES IS TO ADVANCE THE DISTINCTIVE VALUES AND STRENGTHS OF OUR SIXTEEN SMALLER ENROLLMENT, UNDERGRADUATE, RESIDENTIAL VIRGINIA MEMBER COLLEGES. WE DO THIS BY SECURING FINANCIAL SUPPORT FROM THE PRIVATE SECTOR, INCREASING VISIBILITY, FACILITATING INNOVATIVE AND COLLABORATIVE INITIATIVES BETWEEN THE COLLEGES, AND SUPPORTING INITIATIVES WHICH ENSURE THAT THIS PERSONALIZED EDUCATIONAL EXPERIENCE REMAINS AN AFFORDABLE CHOICE FOR TOMORROW'S CITIZEN-LEADERS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$40.8M
+2.2% YoY
Annual Giving
$2.1M
+0.5% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$130K
+0.5% YoY
About Va Foundation for Independent Colleges
Based on IRS filings
Va Foundation for Independent Colleges is a nonprofit organization focused on Education, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $40.8M in total assets. In 2024, it awarded 16 grants totaling $2.1M. Net investment income was $171K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $40,781,297 | $39,898,946 | $39,340,912 |
| Revenue | $2,162,960 | $2,321,318 | $1,487,532 |
| Expenses | $3,798,527 | $3,465,527 | $3,330,627 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $170,648 | $2,429 | $122 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
63 grants across all recorded years
Open Grants
5 open opportunities from Va Foundation for Independent Colleges
Applied Ethics Bowl
VA FOUNDATION FOR INDEPENDENT COLLEGES
Amount
Varies
Deadline
Rolling / Open
Harris Faculty Awards
VA FOUNDATION FOR INDEPENDENT COLLEGES
Amount
Varies
Deadline
Rolling / Open
Mednick Faculty Award
VA FOUNDATION FOR INDEPENDENT COLLEGES
Amount
Typical awards around $2,250
Deadline
February 28, 2027
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| A MARSHALL ACUFF JR | TRUSTEE | 1 | — |
| NANCY HOWELL AGEE | CHAIR | 1 | — |
| GEORGE F ALBRIGHT JR | TRUSTEE | 1 | — |
| JOHN C ASBURY | TRUSTEE | 1 | — |
| FRANK BATTEN JR | TRUSTEE | 1 | — |
| GEORGE Y BIRDSONG | TRUSTEE | 1 | — |
| VICTOR K BRANCH | TRUSTEE | 1 | — |
| CHARLES L CABELL ESQ | TRUSTEE | 1 | — |
| JOHN M CAMP III | TRUSTEE | 1 | — |
| VICTOR O CARDWELL ESQ | TRUSTEE | 1 | — |
| THEODORE L CHANDLER JR | TRUSTEE | 1 | — |
| C LYNCH CHRISTIAN III | TRUSTEE | 1 | — |
| JOHN R CLARK III | TRUSTEE | 1 | — |
| PETER A CONVERSE | TRUSTEE | 1 | — |
| RICHARD CULLEN ESQ | TRUSTEE | 1 | — |
| JOHN MCNAMARA CURTIS SR | TRUSTEE | 1 | — |
| BEVERLY E DALTON | TRUSTEE | 1 | — |
| RUSS ELLET | TRUSTEE | 1 | — |
| LAUREN FISHER WHITE | TRUSTEE | 1 | — |
| CALVIN W FOWLER JR | TRUSTEE | 1 | — |
| GEORGE C FREEMAN III | TRUSTEE | 1 | — |
| PALMER P GARSON | TRUSTEE | 1 | — |
| THOMAS E GOODE | TRUSTEE | 1 | — |
| BRAD N HALL | TRUSTEE | 1 | — |
| H HITER HARRISS III | TRUSTEE | 1 | — |
| TEAGUE AVEY | TRUSTEE | 1 | — |
| GARY D BONNEWELL | TRUSTEE | 1 | — |
| MARTIN KENT | TRUSTEE | 1 | — |
| C BURKE KING | TREASURER | 1 | — |
| ESTHER C LEE | TRUSTEE | 1 | — |
| CHARLES S LUCK IV | TRUSTEE | 1 | — |
| CRAIG L MASSEY | TRUSTEE | 1 | — |
| W SHEPPARD MILLER III | TRUSTEE | 1 | — |
| T JUSTIN MOORE III | TRUSTEE | 1 | — |
| THURSTON R MOORE ESQ | TRUSTEE | 1 | — |
| JENNIFER FELIX | TRUSTEE | 1 | — |
| WILLIAM L MURRAY | TRUSTEE | 1 | — |
| MARK G MYKITYSHYN PHD | TRUSTEE | 1 | — |
| BERNARD A NEIMEIER | TRUSTEE | 1 | — |
| DANIEL J O'NEILL | TRUSTEE | 1 | — |
| WILLIAM L PANNILL | TRUSTEE | 1 | — |
| L ALLAN PARROTT JR | TRUSTEE | 1 | — |
| CHARLOTTE PORTERFIELD | TRUSTEE | 1 | — |
| BRIAN W QUIGLEY | TRUSTEE | 1 | — |
| THOMAS L RANSOM | TRUSTEE | 1 | — |
| CARTER V REID | TRUSTEE | 1 | — |
| H MCGUIRE RILEY | TRUSTEE | 1 | — |
| STEWART D ROBERSON EDD | TRUSTEE | 1 | — |
| THOMAS D RUTHERFOORD JR | TRUSTEE | 1 | — |
| MARY G SHOCKEY | TRUSTEE | 1 | — |
| GARY R SHOOK | TRUSTEE | 1 | — |
| J KNOX SINGLETON | TRUSTEE | 1 | — |
| BRIAN K SKINNER | TRUSTEE | 1 | — |
| ROBERT H SPILMAN JR | TRUSTEE | 1 | — |
| HUGH E TAYLOR | TRUSTEE | 1 | — |
| BENITA THOMPSON-BYAS | TRUSTEE | 1 | — |
| GARY R THOMSON | TRUSTEE | 1 | — |
| WILLIAM R VAN BUREN III ESQ | CHAIR-ELECT | 1 | — |
| KEITH D VANDERVENNET | TRUSTEE | 1 | — |
| MARY ALLEN WALLER | TRUSTEE | 1 | — |
| MARGARET G WARNER | TRUSTEE | 1 | — |
| JAMES C WHEAT III | TRUSTEE | 1 | — |
| JOHN H WICK IV | TRUSTEE | 1 | — |
| TRACY FRIST | TRUSTEE | 1 | — |
| R SACKETT WOOD | TRUSTEE | 1 | — |
| IRMA BECERRA | TRUSTEE | 1 | — |
| DAVID W BUSHMAN | TRUSTEE | 1 | — |
| WILLIAM C DUDLEY | VICE CHAIR | 1 | — |
| TRACY FITZSIMMONS | TRUSTEE | 1 | — |
| KEVIN F HALLOCK | TRUSTEE | 1 | — |
| RANDALL PARKS | TRUSTEE | 1 | — |
| KEVIN F HALLOCK | TRUSTEE | 1 | — |
| MARY DANA HINTON | TRUSTEE | 1 | — |
| ROBERT R LINDGREN | TRUSTEE | 1 | — |
| HAKIM LUCAS | TRUSTEE | 1 | — |
| SCOTT D MILLER | TRUSTEE | 1 | — |
| SUE OTT ROWLANDS | TRUSTEE | 1 | — |
| ALISON MORRISON-SHETLAR | TRUSTEE | 1 | — |
| FRANK SHUSHOK | TRUSTEE | 1 | — |
| JEFFREY P STEIN | TRUSTEE | 1 | — |
| J LAWRENCE STIMPERT | TRUSTEE | 1 | — |
| JOHN W WELLS | TRUSTEE | 1 | — |
| DARYL WILLIAMS | TRUSTEE | 1 | — |
| MEREDITH WOO | TRUSTEE | 1 | — |
| MARY-BETH JOHNSON | CHIEF OPERATING OFFICER | 40 | $160,716 |
| MATTHEW SHANK | FORMER PRESIDENT | 40 | $306,912 |
| LOCKE OGENS | PRESIDENT | 40 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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