FOR THE ADVANCEMENT, PROMOTION, ENCOURAGEMENT, WELFARE AND PROGRESS OF VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED COLLEGE, AND ADVANCEMENT, WELFARE AND PROGRESS OF THE VMI ALUMNI ASSOCIATION, WHO ALSO SUPPORTS VMI IN CONJUNCTION WITH ALUMNI RELATIONS TO FURTHER SUPPORT.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$691.3M
+7.7% YoY
Annual Giving
$23.2M
Grant Count
3
Avg Grant Size
$7.7M
About VMI Foundation
Based on IRS filings
VMI Foundation is a nonprofit organization focused on Education, based in LEXINGTON, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $691.3M in total assets. In 2025, it awarded 3 grants totaling $23.2M. Net investment income was $10.9M.
Focus Areas
Ready to take the next step with VMI Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $691,343,869 | $642,086,851 | $584,168,697 |
| Revenue | $26,717,885 | $26,268,516 | $36,993,722 |
| Expenses | $28,632,189 | $25,973,445 | $27,100,301 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,882,334 | $13,628,001 | $13,419,092 |
| 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 2025
Grant Size Distribution
64 grants across all recorded years
Open Grants
3 open opportunities from VMI Foundation
Braver Angels College Debates and Discourse Program - VMI Community of Practice
VMI Foundation
Amount
Varies
Deadline
Rolling / Open
Coach Ike Sherlock and Jesse Waltz '85 Scholarship
VMI Foundation
Amount
Varies
Deadline
Rolling / Open
Peay Merit Scholarship
VMI Foundation
Amount
Full cost of tuition, room, board, and fees
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Virginia Military Institute ($18,556,130), VMI Alumni Agencies Board ($3,417,712), VMI Alumni Association ($1,205,558).
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Military Institute Lexington, VA | VARIOUS PROGRAM SERVICES | $18,556,130 |
| VMI Alumni Association Lexington, VA | administrative support | $1,205,558 |
| VMI Alumni Agencies Board Lexington, VA | Administrative Support | $3,417,712 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Colonel Joseph P Moan USAF Ret | Board Member | 2 | — |
| Commander Bree A Guiterman | Board Member | 2 | — |
| Dr Christopher R Gorman | Board Member | 2 | — |
| Lt Gen Carl A Strock USA Ret | Board Member | 2 | — |
| Mr Daniel P Thornton | BOARD MEMBER | 2 | — |
| Mr Daryl L Deke | Board Member | 2 | — |
| Mr Ernesto V Sampson Jr | Board Member | 2 | — |
| Mr Gale F Sommers | Board Member | 2 | — |
| Mr Garland Gray II | Board Member | 2 | — |
| Mr Glen N Jones | Board Member | 2 | — |
| Mr John F Fick III | Board Member | 2 | — |
| Mr John P Williams | Board Member | 2 | — |
| Mr Johnathan A Mayo | Board Member | 2 | — |
| Mr Jonathan T Moody | Board Member | 2 | — |
| Mr Kimber L Latsha JD | Board Member | 2 | — |
| Mr Kurt A Polk | Board Member | 2 | — |
| Mr Matthew B Hamilton | Board Member | 2 | — |
| Mr Matthew R Hemenez | BOARD MEMBER | 2 | — |
| Mr Robert B Gore | Board Member | 2 | — |
| Mr Robert M Michie | Board Member | 2 | — |
| Mr Sean P Cantrell | Board Member | 2 | — |
| Mr Sterling T Sweeney | Board Member | 2 | — |
| Mr Thomas Henry Zarges | Board Member | 2 | — |
| Mr William L Taliaferro | Board Member | 2 | — |
| Mrs Elise G Woodworth | Board Member | 2 | — |
| Mrs Lara T Chambers | Board Member | 2 | — |
| Ms Dorcas G Wilkinson | Board Member | 2 | — |
| Crissy S Elliott | Chief Financial Officer | 2 | — |
| David L Prasnicki | Chief Executive Officer | 2 | — |
| Kevin A Ryan | Financial Controller | 2 | — |
| Meade B King | Chief Operating Officer | 40 | $147,347 |
| Theresa I Conrad | Vice President Development | 40 | $163,821 |
| Virginia Cameron | Executive Assistant and Corporate Secretary | 40 | $52,392 |
| Gregory M Cavallaro | Senior Major Gift Officer | 40 | $142,962 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is VMI Foundation?
VMI Foundation is a nonprofit organization focused on Education, based in LEXINGTON, VA. It holds $691.3M in total assets as of 2025.
How large is VMI Foundation?
As of 2025, VMI Foundation holds $691.3M in total assets with $26.7M in annual revenue. It awarded 3 grants totaling $23.2M in 2025.
Where does VMI Foundation operate?
VMI Foundation has awarded grants in Virginia.
What size grants does VMI Foundation award?
In 2025, VMI Foundation awarded 3 grants totaling $23.2M — an average of about $7.7M per grant, based on its IRS Form 990 filings.
What is VMI Foundation's EIN?
VMI Foundation's EIN (Employer Identification Number) is 54-0505966. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in VMI Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.