Virginia Commonwealth University Real Estate Foundation logo

Virginia Commonwealth University Real Estate Foundation

Public charity · Grantmaker Richmond, VA EIN: 54-1666531 Website

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.

Key facts about Virginia Commonwealth University Real Estate Foundation

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.

EIN
54-1666531
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$55,807
Grants made (2025)
1
Average grant
$55,807
Median grant
$55,807
Total assets
$95,921,689
Primary geography
Virginia (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$95.9M

+1.5% YoY

Annual Giving

$56K

+14.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$56K

+14.2% YoY

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.

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Richmond

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2020 2 grants2021 2 grants2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $44K (2020) to $144K (2021). In 2025 it made 1 grant totaling $56K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Virginia Commonwealth University: $56KVirginia CommonwealthUniversity$56K

The largest 2025 recipient was Virginia Commonwealth University ($56K).

Grant Size Distribution

7 grants across all recorded years

4<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 7 (57%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Virginia Commonwealth University Richmond, VAAssistance 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

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$95,921,689$94,543,444$98,443,315
Revenue$12,945,192$10,829,382$10,248,910
Expenses$7,708,691$8,240,645$7,516,351
Net Investment Income$1,520,986$146,459$106,682

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS May 7, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS May 9, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
  6. Updated Form 990 for fiscal year 2025 (received by the IRS November 17, 2025)
  7. IRS filings on file for fiscal years 2020–2025

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.

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