Virginia Commonwealth University Real Estate Foundation
The foundation was founded for the purpose of accepting, acquiring, leasing, selling or disposing, operating and/or managing property for the exclusive benefit of Virginia commonwealth university.
Virginia Commonwealth University Real Estate Foundation at a glance
In short: Virginia Commonwealth University Real Estate Foundation gave $56K across 1 grant in 2025 (avg $56K), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $55,807
- +14.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $55,807
- +14.2% vs 2024
- Median grant
- $55,807
- Total assets
- $95,921,689
- +1.5% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Virginia Commonwealth University Real Estate Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Virginia Commonwealth University ($56K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Virginia Commonwealth University Real Estate Foundation gives
- Giving fell 58% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $44K (2020) to $144K (2021). In 2025 it made 1 grant totaling $56K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Commonwealth University Richmond, VA | Assistance is provided to support Virginia commonwealth university through the management of real estate used in the university's educational, scientific and charitable activities. | $55,807 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $95,921,689 | $12,945,192 | $7,708,691 | $55,807 | 1 | $1,520,986 |
| 2024 | $94,543,444 | $10,829,382 | $8,240,645 | $48,876 | 1 | $146,459 |
| 2023 | $98,443,315 | $10,248,910 | $7,516,351 | $48,876 | 1 | $106,682 |
| 2022 | $99,593,802 | $9,483,023 | $6,417,427 | $132,090 | 2 | $3,598 |
| 2021 | $95,872,198 | $7,982,693 | $5,887,651 | $144,268 | 2 | $10,297 |
| 2020 | $91,759,283 | $8,941,579 | $6,294,076 | $44,268 | 1 | $125,592 |
About Virginia Commonwealth University Real Estate Foundation
Based on IRS filings
Virginia Commonwealth University Real Estate Foundation is a public charity focused on Education, based in Richmond, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $95.9M in total assets. In 2025, it awarded 1 grant totaling $56K. Net investment income was $1.5M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Virginia Commonwealth University Real Estate Foundation is led by George P. Emerson Jr., President since 2024 (on filings since 2020); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
George P. Emerson Jr.
President
Director → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Michael Rao
Ex-Officio Director
On filings since 2020
1 hr/week
No compensation reported
Burt Pinnock
Director
Treasurer → Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Brad Welles
Director
On filings since 2024
1 hr/week
No compensation reported
Clifton Peay
Director
On filings since 2024
1 hr/week
No compensation reported
Jeff Tunstall
Director
On filings since 2024
1 hr/week
No compensation reported
Jason Vickers-Smith
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jeff Geiger
Director
New on the 2025 filing
1 hr/week
No compensation reported
Josh Goldschmidt
Director
New on the 2025 filing
1 hr/week
No compensation reported
John Barksdale
Treasurer
Director → Treasurer, 2025
On filings since 2024
1 hr/week
No compensation reported
Rene B. Shepperson
Vice President
Director → Vice President, 2025
On filings since 2024
1 hr/week
No compensation reported
Tim Davey
Secretary
Director → Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (16)
- Former: Brian K. Jackson (2020–2024) — Vice President & Secretary
- Former: Richard E. Byrne (2020–2024) — Director
- Former: Thomas W. Papa (2020–2024) — Director
- Former: Deborah K. Fourness (2020–2023) — President
- Former: John C. Jacoby (2020–2023) — Director
- Former: Robert L. Hansan (2020–2023) — Secretary
- Former: Shantaram K. Talegaonkar (2021–2023) — Director
- Former: Michael Frazier (2020–2021) — Director
- Former: Alexander B. McMurtrie Jr. (2020) — Director
- Former: Elizabeth W. Buono (2020) — Director
- Former: H. Leon Shadowen Jr. (2020) — Director
- Former: Jeffrey H. Gumenick (2020) — Director
- Former: Mitzi M. Lee (2020) — Secretary
- Former: Patricia Wilkerson (2020) — Director
- Former: Timothy A. Graf (2020) — Treasurer
- Former: William A. Royall Jr. (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Virginia Commonwealth University Real Estate Foundation
How much does Virginia Commonwealth University Real Estate Foundation give each year?
Virginia Commonwealth University Real Estate Foundation gave $56K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $49K across 1 grant.
How large is Virginia Commonwealth University Real Estate Foundation?
Virginia Commonwealth University Real Estate Foundation reported $95.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $12.9M.
What is Virginia Commonwealth University Real Estate Foundation?
Virginia Commonwealth University Real Estate Foundation is a public charity focused on Education, based in Richmond, VA. It holds $95.9M in total assets as of 2025.
Where does Virginia Commonwealth University Real Estate Foundation operate?
Virginia Commonwealth University Real Estate Foundation has awarded grants in Virginia.
What is Virginia Commonwealth University Real Estate Foundation's EIN?
Virginia Commonwealth University Real Estate Foundation's EIN (Employer Identification Number) is 54-1666531. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Virginia Commonwealth University Real Estate Foundation funds
Education Open opportunities, soonest deadline first.
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