Virginia Museum of Fine Arts Foundation

Public charity · Grantmaker Richmond, VA EIN: 51-0205333

The mission of the Virginia Museum of Fine Arts Foundation is to support the Virginia MUSEUM of fine arts through a comprehensive fundraising and donor cultivation program and the investment and management of private assets. This support enhances the ability of the MUSEUM of fine arts (MUSEUM), an agency of the commonwealth of Virginia.

Key facts about Virginia Museum of Fine Arts Foundation

In short: Virginia Museum of Fine Arts Foundation gave $39.3M across 1 grant in 2025 (avg $39.3M), mostly in Virginia. Source: 2025 IRS Form 990.

EIN
51-0205333
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$39,336,802
Grants made (2025)
1
Average grant
$39,336,802
Median grant
$39,336,802
Total assets
$346,948,191
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

$346.9M

+2.9% YoY

Annual Giving

$39.3M

+22.8% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$39.3M

+22.8% YoY

How Virginia Museum of Fine Arts Foundation gives

  • Giving grew 56% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Virginia Museum of Fine Arts Foundation

Based on IRS filings

Virginia Museum of Fine Arts Foundation is a public charity focused on Arts, Culture & Humanities, based in Richmond, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $346.9M in total assets. In 2025, it awarded 1 grant totaling $39.3M. Net investment income was $47.1M.

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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$20M$40M$60M1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $20.4M (2020) to $40.8M (2019). In 2025 it made 1 grant totaling $39.3M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Virginia Museum of Fine Arts: $39.3MVirginia Museum of Fine Arts$39.3M

The largest 2025 recipient was Virginia Museum of Fine Arts ($39.3M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Virginia Museum of Fine Arts Richmond, VATo assist in implementing and funding programs, projects, and operations of the virignia museum of fine arts. For the year ended june 30, 2025, assistance was used for curatorial, art acquisition, education and outreach, and management and general expenses.$39,336,802

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M$80M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$346,948,191$337,151,601$320,872,335
Revenue$71,216,972$34,183,610$33,257,679
Expenses$46,793,925$39,276,893$36,028,084
Net Investment Income$47,121,091$8,296,193$11,494,704

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS March 2, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS April 23, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS May 10, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS February 28, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS February 13, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

Virginia Museum of Fine Arts Foundation is led by Stanley J Olander Jr., President since 2022 (on filings since 2019); 7 of 40 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Stanley J Olander Jr.

    President

    Secretary → Vice President, 2021

    Vice President → President, 2022

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Hazel Duncan

    Director of Accounting

    On filings since 2019

    40 hrs/week

    $103K (2019) → $103K (2025)

  • Elizabeth Oliver

    Director of Principal Gifts & Campaign Manager

    Director of Principal Gifts → Director of Principal Gifts & Campaign Manager, 2025

    On filings since 2024

    40 hrs/week

    $125K (2024) → $136K (2025)

  • Erin Elder

    Director of Major Gifts

    On filings since 2024

    40 hrs/week

    $107K (2024) → $114K (2025)

  • Carolyn Garner

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Charles T Hodges

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Deborah Valentine

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Eucharia N Jackson

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jennifer L Schooley

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jennifer L Sisk

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Mary C Frediani

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Page E Corey

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Brian Jackson

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Brock Saunders

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Farhad Aghdami

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Michael Schewel

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Michael D Williams

    Director

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Adrianne Ryder-Cook Joseph

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Alex Cecil

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Bebe Heiner

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Elizabeth EA Blue

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • KC Graham

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Larry Kochard

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Marshall Acuff

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Anne Marie Irani

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Anumpama Agarwal

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Celia Rafalko

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Charlie Whitaker

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Damian Klute

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Elizabeth Harris Rose

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Elizabeth Locke

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Jacqueline Rogers

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Kelly Till

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Tom Gutenberger

    Deputy Director of Advancement

    On filings since 2019

    40 hrs/week

    $195K (2019) → $732K (2025)

  • Andrew Harris

    Chief Financial Officer

    On filings since 2023

    20 hrs/week

    $88K (2023) → $164K (2025)

  • Jasmonn Coleman

    Assistant Deputy Direstor of Development

    Assistant Deputy Director of Development → Assistant Deputy Direstor of Development, 2025

    On filings since 2023

    40 hrs/week

    $181K (2023) → $216K (2025)

  • Alex Nyerges

    Chief Operating Officer

    New on the 2025 filing

    20 hrs/week

    $434K (2025)

  • Michael C Bisceglia

    Treasurer

    Director → Treasurer, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Charlotte B McGee

    Vice President

    Director → Vice President, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Agustin E Rodriguez

    Secretary

    Director → Secretary, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (35)
  • Former: Alexander L Nyerges (2019–2024) — Chief Operating Officer
  • Former: Charles M. Johnson III (2019–2023) — Treasurer
  • Former: Denise F. Keane (2019–2023) — Secretary
  • Former: G. Randolph Webb Jr. (2019–2023) — Director
  • Former: Hossein Sadid (2019–2023) — Former Chief Financial Officer
  • Former: John R. Staelin (2019–2023) — Director
  • Former: Richard L. Ramsey (2019–2023) — Director
  • Former: Ting Xu (2019–2023) — Vice President
  • Former: Tyler Harris (2022–2023) — Director
  • Former: Barbara Noble Howard (2019–2022) — Director
  • Former: Edward W. Valentine (2019–2022) — Director
  • Former: J. Sargeant Reynolds Jr. (2019–2022) — Director
  • Former: Kelly B. Armstrong (2019–2022) — Director
  • Former: Richard B. Olson (2019–2022) — Director
  • Former: Sarah Hendricks (2020–2022) — Manager of Individual Giving
  • Former: Liz Blue (2022) — Director
  • Former: Mary S. Swanson (2022) — Manager of Institutional Giving
  • Former: James W. Klaus (2019–2021) — Co-President
  • Former: Lilo Simmons Ukrop (2019–2021) — Co-President
  • Former: Wayne A. Chasen (2019–2021) — Director
  • Former: Elizabeth T. Harris (2020–2021) — Director
  • Former: Anne Battle (2019–2020) — Director
  • Former: Jayne Shaw (2019–2020) — Director of Development
  • Former: Paul S. Monroe (2019–2020) — Director
  • Former: Vance H. Spilman (2019–2020) — Treasurer
  • Former: Wycliffe G. McClure (2019–2020) — Director
  • Former: Caprice Bragg (2020) — Vice President of Board Relations & Strategic Planning
  • Former: A. John Lucas (2019) — Director
  • Former: Carol Lascaris (2019) — Director
  • Former: Carolyn Hsu-Balcer (2019) — Director
  • Former: Claudia Keenan (2019) — Former Executive Director
  • Former: H. Hiter Harris III (2019) — President
  • Former: Mary G. Shockey (2019) — Director
  • Former: R. Keith Kissee (2019) — Director
  • Former: William S. Cohen (2019) — Director

Data from IRS Form 990 filings, 2019–2025. "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

Tom Gutenberger — Deputy Director of Advancement: $732KTom GutenbergerDeputy Director of Advancement$732KAlex Nyerges — Chief Operating Officer: $434KAlex NyergesChief Operating Officer$434KJasmonn Coleman — Assistant Deputy Direstor of Development: $216KJasmonn ColemanAssistant Deputy Direstor of…$216KAndrew Harris — Chief Financial Officer: $164KAndrew HarrisChief Financial Officer$164KMrs Elizabeth Oliver — Director of Principal Gifts & Campaign Manager: $136KMrs Elizabeth OliverDirector of Principal Gifts &…$136KErin Elder — Director of Major Gifts: $114KErin ElderDirector of Major Gifts$114KHazel Duncan — Director of Accounting: $103KHazel DuncanDirector of Accounting$103K

The highest reported compensation on the 2025 filing was $732K, to Tom Gutenberger (Deputy Director of Advancement). 7 officers or directors reported compensation on that filing.

Frequently asked questions about Virginia Museum of Fine Arts Foundation

How much does Virginia Museum of Fine Arts Foundation give each year?

Virginia Museum of Fine Arts Foundation gave $39.3M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $32.0M across 1 grant.

How large is Virginia Museum of Fine Arts Foundation?

Virginia Museum of Fine Arts Foundation reported $346.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $71.2M.

What is Virginia Museum of Fine Arts Foundation?

Virginia Museum of Fine Arts Foundation is a public charity focused on Arts, Culture & Humanities, based in Richmond, VA. It holds $346.9M in total assets as of 2025.

Where does Virginia Museum of Fine Arts Foundation operate?

Virginia Museum of Fine Arts Foundation has awarded grants in Virginia.

What is Virginia Museum of Fine Arts Foundation's EIN?

Virginia Museum of Fine Arts Foundation's EIN (Employer Identification Number) is 51-0205333. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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