Virginia Museum of Fine Arts Foundation
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.
Virginia Museum of Fine Arts Foundation at a glance
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.
- Annual giving (2025)
- $39,336,802
- +22.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $39,336,802
- +22.8% vs 2024
- Median grant
- $39,336,802
- Total assets
- $346,948,191
- +2.9% 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 Museum of Fine Arts Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Virginia Museum of Fine Arts ($39.3M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 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 Museum of Fine Arts Foundation gives
- Giving grew 56% 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 2019 to 2025, annual grant giving ranged from $20.4M (2020) to $40.8M (2019). In 2025 it made 1 grant totaling $39.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Museum of Fine Arts Richmond, VA | To 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 |
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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 | $346,948,191 | $71,216,972 | $46,793,925 | $39,336,802 | 1 | $47,121,091 |
| 2024 | $337,151,601 | $34,183,610 | $39,276,893 | $32,028,369 | 1 | $8,296,193 |
| 2023 | $320,872,335 | $33,257,679 | $36,028,084 | $30,112,102 | 1 | $11,494,704 |
| 2022 | $306,625,729 | $55,007,119 | $31,441,622 | $25,228,668 | 1 | $16,180,133 |
| 2021 | $356,303,574 | $43,843,613 | $35,177,471 | $29,933,624 | 1 | $22,842,392 |
| 2020 | $286,070,393 | $48,848,372 | $27,721,578 | $20,396,247 | 1 | $8,310,658 |
| 2019 | $278,954,345 | $29,898,555 | $46,869,449 | $40,829,717 | 1 | $9,498,259 |
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.
Focus Areas
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
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.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS March 2, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 23, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 28, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 13, 2026)
- IRS filings on file for fiscal years 2019–2025
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