Virginia Student Aid Foundation Inc
The Virginia athletics foundation, through its fund-raising efforts, strives to support a preeminent intercollegiate athletics program at the university of Virginia by providing student-athletes theopportunity to achieve academic and athletic excellence.
Virginia Student Aid Foundation Inc at a glance
In short: Virginia Student Aid Foundation Inc gave $38.7M across 3 grants in 2024 (avg $12.9M), mostly in Virginia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $38,651,681
- -9.8% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $12,883,894
- -9.8% vs 2023
- Median grant
- $10,828,559
- Total assets
- $184,583,130
- +8.9% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Virginia Student Aid Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was The University of Virginia ($38.7M across 3 grants).
Grant Size Distribution
15 grants across all recorded years
The most common grant size was $5M or more: 12 grants of 15 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Virginia Student Aid Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+7%). 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 2024, annual grant giving ranged from $36.2M (2021) to $45.1M (2020). In 2024 it made 3 grants totaling $38.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Virginia Charlottesville, VA | Student athlete scholarships and academic affairsstudent athlete scholarships and academic affairs | $22,549,992 |
| The University of Virginia Charlottesville, VA | Athletic Facilities Capital Improvements Support | $10,828,559 |
| The University of Virginia Charlottesville, VA | Athletics Operational Support | $5,273,130 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $184,583,130 | $50,256,478 | $44,993,376 | $38,651,681 | 3 | $706,178 |
| 2023 | $169,536,214 | $59,716,708 | $48,928,927 | $42,861,426 | 3 | $533,630 |
| 2022 | $154,972,680 | $45,190,995 | $45,531,068 | $40,560,178 | 3 | $179,649 |
| 2021 | $165,530,915 | $45,876,846 | $40,287,970 | $36,154,608 | 3 | $193,447 |
| 2020 | $147,013,241 | $33,369,688 | $48,755,916 | $45,075,620 | 3 | $200,689 |
About Virginia Student Aid Foundation Inc
Based on IRS filings
Virginia Student Aid Foundation Inc is a public charity focused on Education, based in Charlottesville, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $184.6M in total assets. In 2024, it awarded 3 grants totaling $38.7M. Net investment income was $706K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Virginia Student Aid Foundation Inc is led by Kevin J. Miller, Executive Director, Secretary & Treasurer on every filing since 2023; 8 of 35 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kevin J. Miller
Executive Director, Secretary & Treasurer
On filings since 2023
40 hrs/week
$164K (2023) → $494K (2024)
Rachel W. Sheridan
President
Trustee → Vice President & Trustee, 2022
Vice President & Trustee → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Jessic F. Armistead
Senior Director of Donor Expiriences
Director of Suites, Events & Stewardship → Senior Director of Donor Expiriences, 2024
On filings since 2022
40 hrs/week
$107K (2022) → $118K (2024)
Ryan P. Weigand
Senior Director of Development
On filings since 2022
40 hrs/week
$112K (2022) → $129K (2024)
Nicole Deuel
Senior Director of Marketing & Communications
New on the 2024 filing
40 hrs/week
$111K (2024)
A. Wellford Tabor
Trustee
On filings since 2020
1 hr/week
No compensation reported
Andrew S. Peskin
Trustee
On filings since 2020
1 hr/week
No compensation reported
Anne Carter Smith
Trustee
Trustee → Ex-Officio Trustee, 2021
Ex-Officio Trustee → Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Barry L. Parkhill
Trustee
On filings since 2020
1 hr/week
No compensation reported
Carla G. Williams
Trustee
On filings since 2020
1 hr/week
No compensation reported
Franklin S. Edmonds Jr.
Trustee
Vice President & Trustee → President & Trustee, 2022
President & Trustee → Trustee, 2024
On filings since 2020
1 hr/week
No compensation reported
Herman Moore
Trustee
On filings since 2020
1 hr/week
No compensation reported
Juliana S. O'Reilly
Trustee
President & Trustee → Past President & Trustee, 2022
Past President & Trustee → Trustee, 2024
On filings since 2020
1 hr/week
No compensation reported
Mark M. Luellen
Trustee
On filings since 2020
1 hr/week
No compensation reported
Marvin W. Gilliam Jr.
Trustee
On filings since 2020
1 hr/week
No compensation reported
Mia Mooney Bass
Trustee
On filings since 2020
1 hr/week
No compensation reported
Michael S. Geismar
Trustee
On filings since 2020
1 hr/week
No compensation reported
Raleigh Anne Gray
Trustee
On filings since 2020
1 hr/week
No compensation reported
W. Heywood Fralin
Trustee
On filings since 2020
1 hr/week
No compensation reported
Yusef D. Jackson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Craig W. Packer
Trustee
Ex-Officio → Trustee, 2022
On filings since 2021
1 hr/week
No compensation reported
Jill Royster
Trustee
Ex-Officio Trustee → Trustee, 2022
On filings since 2021
1 hr/week
No compensation reported
Katherine L. Heilpern MD
Trustee
On filings since 2022
1 hr/week
No compensation reported
Edmund N. Durden
Trustee
On filings since 2023
1 hr/week
No compensation reported
Lauren Lacy
Trustee
On filings since 2023
1 hr/week
No compensation reported
Ashley Widger
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Doug Duenkel
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Richard L. Booth
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Tim Naughton
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Valerie Camillo
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Donna G. Mahan
Chief Financial Officer
Director of Financial Oper → Chief Financial Officer, 2022
On filings since 2020
40 hrs/week
$134K (2020) → $181K (2024)
Heather L. Troudt
Senior Major Gifts Officer
Associate Director → Senior Major Gifts Officer, 2022
On filings since 2020
40 hrs/week
$127K (2020) → $175K (2024)
Michael T. Kersey
Chief Operating Officer
On filings since 2020
40 hrs/week
$174K (2020) → $213K (2024)
Drew M. Ossakow
Senior Major Gifts Officer
On filings since 2023
40 hrs/week
$130K (2023) → $145K (2024)
Marvin P. Bush
Vice President
Trustee → Vice President, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (10)
- Former: Charles R. Birdsong (2020–2023) — Trustee
- Former: Christopher A. Harrison (2020–2023) — Trustee
- Former: Dirk P. Katstra (2020–2023) — Executive Director, Secretary & Treasurer
- Former: Jeffrey B. Ford (2020–2023) — Associate Director
- Former: Robert G. Schmalz (2020–2023) — Associate Director
- Former: T. Douglas McQuade (2020–2023) — Trustee
- Former: Alan A. McClure (2020–2021) — Past President & Trustee
- Former: Cynthia Brinker Simmons (2020–2021) — Trustee
- Former: Edmund F. Garno III (2020–2021) — Trustee
- Former: Lorenza E. Davis Jr. (2020–2021) — Associate Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $494K, to Kevin J Miller (Exec Director, Sec/Treas). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Virginia Student Aid Foundation Inc
How much does Virginia Student Aid Foundation Inc give each year?
Virginia Student Aid Foundation Inc gave $38.7M across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $42.9M across 3 grants.
What is Virginia Student Aid Foundation Inc's typical grant size?
Virginia Student Aid Foundation Inc's median grant in 2024 was $10,828,559, and its average grant was $12,883,894, across 3 grants on its 2024 IRS Form 990.
Where does Virginia Student Aid Foundation Inc give grants?
Virginia Student Aid Foundation Inc gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Charlottesville, VA (3 grants).
Does Virginia Student Aid Foundation Inc give general operating support?
Yes: 33% of Virginia Student Aid Foundation Inc's 2024 grants with a stated purpose (1 of 3) were for general or operating support, per its 2024 IRS Form 990.
How large is Virginia Student Aid Foundation Inc?
Virginia Student Aid Foundation Inc reported $184.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $50.3M.
What is Virginia Student Aid Foundation Inc?
Virginia Student Aid Foundation Inc is a public charity focused on Education, based in Charlottesville, VA. It holds $184.6M in total assets as of 2024.
What is Virginia Student Aid Foundation Inc's EIN?
Virginia Student Aid Foundation Inc's EIN (Employer Identification Number) is 54-0517188. IRS Form 990 filing data is available on this page for 2020–2024.
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 October 4, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 23, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 27, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 16, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Virginia Student Aid Foundation Inc's focus areas in our free grants database
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