Virginia Commonwealth University School of Business Foundation
The mission of the foundation is to assist, support and foster the activities and mission of the school of business at Virginia commonwealth university. It solicits, manages and distributes assets to benefit programs in the school of business. It also owns property which is leased to Virginia commonwealth university to be used for school of business classes and activities.
Virginia Commonwealth University School of Business Foundation at a glance
In short: Virginia Commonwealth University School of Business Foundation gave $2.8M across 1 grant in 2025 (avg $2.8M), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $2,798,150
- -6.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,798,150
- -6.6% vs 2024
- Median grant
- $2,798,150
- Total assets
- $97,249,353
- +5.5% 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.
How to apply to Virginia Commonwealth University School of Business Foundation
- Next open deadline
- November 1, 2026 (VCU School of Business Incoming Freshman Scholarships)
Open Grants
4 open opportunities from Virginia Commonwealth University School of Business Foundation
VCU Global Business Voucher Program
Virginia Commonwealth University School of Business Foundation
Amount
$1,000
Deadline
Deadline not published
VCU School of Business Foundation Grants
Virginia Commonwealth University School of Business Foundation
Amount
Varies
Deadline
Deadline not published
VCU School of Business Incoming Freshman Scholarships
Virginia Commonwealth University School of Business Foundation
Amount
Varies
Deadline
Expected ~November
Based on past cycles
Who Virginia Commonwealth University School of Business Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Virginia Commonwealth University ($2.8M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
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 School of Business Foundation gives
- Giving grew 41% 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 $2.0M (2022) to $3.5M (2023). In 2025 it made 1 grant totaling $2.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Commonwealth University Richmond, VA | Assistance is provided in order to support the educational, scientific and charitable activities of Virginia commonwealth university. | $2,798,150 |
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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 | $97,249,353 | $5,640,575 | $6,076,337 | $2,798,150 | 1 | $481,735 |
| 2024 | $92,167,761 | $7,007,769 | $6,418,529 | $2,995,130 | 1 | $312,710 |
| 2023 | $85,693,465 | $5,736,553 | $6,713,548 | $3,489,779 | 1 | $246,267 |
| 2022 | $83,833,161 | $4,740,746 | $5,119,965 | $1,989,948 | 1 | $61,088 |
| 2021 | $95,530,224 | $4,341,602 | $5,212,516 | $2,099,580 | 1 | $260,705 |
| 2020 | $84,853,521 | $9,838,833 | $7,022,347 | $3,326,866 | 1 | $4,521,430 |
About Virginia Commonwealth University School of Business Foundation
Based on IRS filings
Virginia Commonwealth University School of Business 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 $97.2M in total assets. In 2025, it awarded 1 grant totaling $2.8M. Net investment income was $482K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Virginia Commonwealth University School of Business Foundation is led by Mark E. Lareau, Chairman since 2024 (on filings since 2020); 1 of 25 officers listed in 2025 is compensated.
Officers on the 2025 filing
Mark E. Lareau
Chairman
Trustee → Vice Chairman, 2023
Vice Chairman → Chairman, 2024
On filings since 2020
1 hr/week
No compensation reported
David L. Monday
Trustee
On filings since 2020
1 hr/week
No compensation reported
John D. O'Neill Jr.
Trustee
On filings since 2020
1 hr/week
No compensation reported
Paul W. Croston
Trustee
On filings since 2020
1 hr/week
No compensation reported
Richard T. Reinecke
Trustee
On filings since 2020
1 hr/week
No compensation reported
Robert C. Sledd
Trustee
On filings since 2020
1 hr/week
No compensation reported
Steven A. Markel
Trustee
On filings since 2020
1 hr/week
No compensation reported
Thomas G. Snead Jr.
Trustee
Chairman → Trustee, 2023
On filings since 2020
1 hr/week
No compensation reported
Alan R. Stewart
Trustee
On filings since 2022
1 hr/week
No compensation reported
Judy C. Gavant
Trustee
On filings since 2022
1 hr/week
No compensation reported
Linda T. Hines
Trustee
On filings since 2022
1 hr/week
No compensation reported
D. Glenn Harris
Trustee
On filings since 2024
1 hr/week
No compensation reported
John Zeheb
Trustee
On filings since 2024
1 hr/week
No compensation reported
Larry Holmon
Trustee
On filings since 2024
1 hr/week
No compensation reported
Robert Greene
Trustee
On filings since 2024
1 hr/week
No compensation reported
Ankit Mathur
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Elizabeth Winkle
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Franchon Randall
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Sean Purple
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Laura E. Kottkamp
Secretary
Executive Director → Secretary, 2024
On filings since 2020
10 hrs/week
$51K (2021) → $141K (2025)
Melina Davis
Vice Chairman
Trustee → Vice Chairman, 2024
On filings since 2020
1 hr/week
No compensation reported
Michael Rao
Ex-Officio
On filings since 2020
1 hr/week
No compensation reported
Michelle H. Gluck
Treasurer
Trustee → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Brian P. Brown
Ex-Officio
On filings since 2024
1 hr/week
No compensation reported
Todd Haymoree
Ex-Officio
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (26)
- Former: Charles F. Phillips III (2020–2024) — Trustee
- Former: Jeffrey K. Gronning (2020–2024) — Trustee
- Former: Juanita B. Leatherberry (2020–2024) — Trustee
- Former: Mark J. Newfield (2020–2024) — Treasurer
- Former: Mark M. Gambill (2020–2024) — Trustee
- Former: Peyton F. Cox (2020–2024) — Trustee
- Former: Robert E. Henley (2020–2024) — Trustee
- Former: William M. Ginther (2020–2024) — Trustee
- Former: A. William Hamill (2020–2023) — Trustee
- Former: Eric D. Cevis (2020–2023) — Trustee
- Former: John N. Pullen (2020–2023) — Trustee
- Former: L. Dans Callans Jr. (2020–2023) — Trustee
- Former: Linda M. Warren (2020–2023) — Trustee
- Former: Lisa Ruggles (2020–2023) — Trustee
- Former: Ting Xu (2020–2023) — Trustee
- Former: Glenn Harris (2022–2023) — Trustee
- Former: Naomi Boyd (2023) — Ex-Officio
- Former: Ed McCoy (2020–2022) — Trustee
- Former: Brad Holley (2020–2021) — Ex-Officio
- Former: Charles McLane (2020–2021) — Trustee
- Former: David Gallagher (2020–2021) — Trustee
- Former: Ed Grier (2020–2021) — Ex-Officio
- Former: Pamela K. Royall (2020–2021) — Trustee
- Former: Phyllis L. Cothran (2020–2021) — Trustee
- Former: Reynoldo Vann Graves (2020–2021) — Ex-Officio
- Former: Tania Kornblau (2020–2021) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $141K, to Laura E Kottkamp (Secretary).
Frequently asked questions about Virginia Commonwealth University School of Business Foundation
How much does Virginia Commonwealth University School of Business Foundation give each year?
Virginia Commonwealth University School of Business Foundation gave $2.8M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.0M across 1 grant.
How large is Virginia Commonwealth University School of Business Foundation?
Virginia Commonwealth University School of Business Foundation reported $97.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.6M.
What is Virginia Commonwealth University School of Business Foundation?
Virginia Commonwealth University School of Business Foundation is a public charity focused on Education, based in Richmond, VA. It holds $97.2M in total assets as of 2025.
Where does Virginia Commonwealth University School of Business Foundation operate?
Virginia Commonwealth University School of Business Foundation has awarded grants in Virginia.
What is Virginia Commonwealth University School of Business Foundation's EIN?
Virginia Commonwealth University School of Business Foundation's EIN (Employer Identification Number) is 20-2661802. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
Live grants for the work Virginia Commonwealth University School of Business Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Virginia Commonwealth University School of Business Foundation's focus areas in our free grants database
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