Virginia State University Real Estate Foundation
Vsuref is organized and operated to aquire, develop, receive, maintain and manage real estate assets that further the aims and purposes of Virginia state university.
Virginia State University Real Estate Foundation at a glance
- Total assets
- $6,523,008
- -51.7% vs 2024
- Revenue (2025)
- $6,197,002
- +125.1% vs 2024
- Net investment income (2025)
- $156,430
- +173.6% vs 2024
- Expenses (2025)
- $1,338,081
- -6.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Virginia State University Real Estate Foundation funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 1 grant totaling $25K.
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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 | $6,523,008 | $6,197,002 | $1,338,081 | — | — | $156,430 |
| 2024 | $13,508,263 | $2,753,120 | $1,433,145 | — | — | $57,185 |
| 2023 | $10,715,535 | $3,230,309 | $2,615,879 | — | — | $51,369 |
| 2022 | $9,306,796 | $4,284,270 | $3,920,367 | — | — | $11,948 |
| 2021 | $9,858,832 | $4,148,229 | $3,520,373 | — | — | $657 |
| 2020 | $10,167,530 | $4,048,175 | $3,727,847 | $25,000 | 1 | $2,876 |
About Virginia State University Real Estate Foundation
Based on IRS filings
Virginia State University Real Estate Foundation is a public charity focused on Education, based in Petersburg, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.5M in total assets. Net investment income was $156K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Virginia State University Real Estate Foundation is led by Joyce E. Henderson, Executive Director on every filing since 2020; 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
Joyce E. Henderson
Executive Director
On filings since 2020
30 hrs/week
$36K (2020) → $52K (2025)
Millard Stith
President
On filings since 2020
0.5 hrs/week
No compensation reported
Alonzo Bell Jr.
Board Member
On filings since 2020
0.5 hrs/week
No compensation reported
Aubrey W. Fountain III
Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Kevin Davenport Non-Voting
Board Member
On filings since 2020
0.5 hrs/week
No compensation reported
Reginia Barnett-Tyler
Secretary
On filings since 2023
0.5 hrs/week
No compensation reported
Joseph Chase
Bov Appointed Liaison
On filings since 2024
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Harold Green (2023) — Bov Appointed Liaison
- Former: Jay Stegmaier (2020–2022) — Bov Appointed Liaison
- Former: Letizia Gambrell-Boone (2020–2022) — Secretary
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 $52K, to Joyce E Henderson (Executive Director).
Frequently asked questions about Virginia State University Real Estate Foundation
How large is Virginia State University Real Estate Foundation?
Virginia State University Real Estate Foundation reported $6.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $6.2M.
What is Virginia State University Real Estate Foundation?
Virginia State University Real Estate Foundation is a public charity focused on Education, based in Petersburg, VA. It holds $6.5M in total assets as of 2025.
Where does Virginia State University Real Estate Foundation operate?
Virginia State University Real Estate Foundation has awarded grants in Virginia.
What is Virginia State University Real Estate Foundation's EIN?
Virginia State University Real Estate Foundation's EIN (Employer Identification Number) is 01-0681650. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS August 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Virginia State University Real Estate Foundation's focus areas in our free grants database
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Virginia State University Real Estate Foundation down — hundreds of funders to go?