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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$184.6M
+8.9% YoY
Annual Giving
$38.4M
-9.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$12.8M
-9.8% YoY
About Virginia Student Aid Foundation Inc
Based on IRS filings
Virginia Student Aid Foundation Inc is a nonprofit organization 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 $38.4M. Net investment income was $706K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $184,583,130 | $169,536,214 | $154,972,680 |
| Revenue | $50,256,478 | $59,716,708 | $45,190,995 |
| Expenses | $44,993,376 | $48,928,927 | $45,531,068 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $706,178 | $533,630 | $179,649 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Virginia ($22,549,992), The University of Virginia ($10,828,559), The University of Virginia ($5,044,630).
| 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 | $5,044,630 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN J MILLER | EXEC DIRECTOR, SEC/TREAS | 40 | $493,617 |
| RACHEL W SHERIDAN | PRESIDENT | 1 | — |
| MARVIN P BUSH | VICE PRESIDENT | 1 | — |
| MIA MOONEY BASS | TRUSTEE | 1 | — |
| EDMUND N DURDEN | TRUSTEE | 1 | — |
| W HEYWOOD FRALIN | TRUSTEE | 1 | — |
| MICHAEL S GEISMAR | TRUSTEE | 1 | — |
| MARVIN W GILLIAM JR | TRUSTEE | 1 | — |
| RALEIGH ANNE GRAY | TRUSTEE | 1 | — |
| KATHERINE L HEILPERN MD | TRUSTEE | 1 | — |
| YUSEF D JACKSON | TRUSTEE | 1 | — |
| LAUREN LACY | TRUSTEE | 1 | — |
| MARK M LUELLEN | TRUSTEE | 1 | — |
| RICHARD L BOOTH | TRUSTEE | 1 | — |
| VALERIE CAMILLO | TRUSTEE | 1 | — |
| DOUG DUENKEL | TRUSTEE | 1 | — |
| FRANKLIN S EDMONDS | TRUSTEE | 1 | — |
| HERMAN MOORE | TRUSTEE | 1 | — |
| TIM NAUGHTON | TRUSTEE | 1 | — |
| JULIANA S O'REILLY | TRUSTEE | 1 | — |
| CRAIG PACKER | TRUSTEE | 1 | — |
| BARRY L PARKHILL | TRUSTEE | 1 | — |
| ANDREW PESKIN | TRUSTEE | 1 | — |
| JILL ROYSTER | TRUSTEE | 1 | — |
| ANNE CARTER SMITH | TRUSTEE | 1 | — |
| A WELLFORD TABOR | TRUSTEE | 1 | — |
| ASHLEY WIDGER | TRUSTEE | 1 | — |
| CARLA WILLIAMS | TRUSTEE | 1 | — |
| DONNA G MAHAN | CHIEF FINANCIAL OFFICER | 40 | $180,839 |
| MICHAEL T KERSEY | CHIEF OPERATING OFFICER | 40 | $213,194 |
| HEATHER L TROUDT | SENIOR MAJOR GIFTS OFFICER | 40 | $175,202 |
| DREW OSSAKOW | SENIOR MAJOR GIFTS OFFICER | 40 | $144,823 |
| RYAN P WEIGAND | SENIOR DIRECTOR OF DEVELOPMENT | 40 | $128,948 |
| JESSIC F ARMISTEAD | SENIOR DIRECTOR OF DONOR EXPIRIENCES | 40 | $118,030 |
| NICOLE DEUEL | SENIOR DIRECTOR OF MARKETING AND COMMUNICATIONS | 40 | $110,849 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Virginia Student Aid Foundation Inc?
Virginia Student Aid Foundation Inc is a nonprofit organization focused on Education, based in CHARLOTTESVILLE, VA. It holds $184.6M in total assets as of 2024.
How large is Virginia Student Aid Foundation Inc?
As of 2024, Virginia Student Aid Foundation Inc holds $184.6M in total assets with $50.3M in annual revenue. It awarded 3 grants totaling $38.4M in 2024.
Where does Virginia Student Aid Foundation Inc operate?
Virginia Student Aid Foundation Inc has awarded grants in Virginia.
What size grants does Virginia Student Aid Foundation Inc award?
In 2024, Virginia Student Aid Foundation Inc awarded 3 grants totaling $38.4M — an average of about $12.8M per grant, based on its IRS Form 990 filings.
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.
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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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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