EIN 54-0517188

Virginia Athletics Foundation (VAF)

IRS 501(c) type
501(c)(3)
Num. employees
31
Year formed
1949
Most recent tax filings
2022-12-01
Description
The Virginia Athletics Foundation, through its fundraising efforts, strives to support a preeminent intercollegiate athletics program at the University of Virginia by providing student-athletes the opportunity to achieve academic and athletic excellence.
Also known as...
Virginia Student Aid Foundation
Total revenues
$45,190,995
2022
Total expenses
$45,531,068
2022
Total assets
$154,972,680
2022
Num. employees
31
2022

Program areas at VAF

The Foundation's primary purpose is to provide funding for scholarships and academic affairs support for Student athletes. In 2022, more than 10,500 donors to the Foundation, including former student-athletes, parents, alumni, fans, and businesses who recognize the value of the intercollegiate Athletics experience at the university of Virginia, enthusiastically provide support in a variety of ways. Through its fund-raising efforts, the Foundation provides the maximum funding for all 316.6 scholarships allowed for 25 of the 27 teams sanctioned by the ncaa at the university. Scholarships for the men's and women's squash teams are funded by a university endowment provided by a generous donor. Today, there are approximately 750 student-athletes participating in 27 intercollegiate programs at the university.
The Foundation provides informational services to its members and to the general public. In addition, it provides ancillary support to the Athletics programs of the university of Virginia.
The Foundation raises funds on behalf of the university of Virginia to finance the renovation of existing Athletics facilities and the construction of new Athletics facilities as identified and approved by the university. The Foundation also provides funding to enhance the operational budgets of various sports at the university. These costs are determined in coordination with the university Athletics department in identifying strategic opportunities. Additionally, donations made to the friends of program are designated by donors to specific sports among the 14 women's and 13 men's varsity sports at the university.

Grants made by VAF

GranteeGrant descriptionAmount
Rector and Visitors of the University of VirginiaStudent Athlete Scholarships and Academic Affairsstudent Athlete Scholarships and Academic Affairs$22,628,199
Rector and Visitors of the University of VirginiaAthletic Facilities Capital Improvements Support$13,420,426
Rector and Visitors of the University of VirginiaAthletics Operational Support$4,237,303

Who funds Virginia Athletics Foundation (VAF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Community FoundationEducational Success$1,298,599
Schwab Charitable FundEducation$1,171,259
The Rimora FoundationProvide Opportunities for Student-Athletes To Compete, Graduate and Succeed at the University of Virginia$1,101,000
...and 83 more grants received totalling $8,004,493

Personnel at VAF

NameTitleCompensation
Todd KerseyChief Operating Officer
Donna G MahanChief Financial Officer$161,390
Dirk KatstraExecutive Director$359,613
Nicki DeuelDirector of Marketing and Communications
Emily WaylandDirector of the Annual Fund
...and 9 more key personnel

Financials for VAF

RevenuesFYE 12/2022
Total grants, contributions, etc.$43,708,164
Program services$1,074,748
Investment income and dividends$179,090
Tax-exempt bond proceeds$0
Royalty revenue$222,000
Net rental income$0
Net gain from sale of non-inventory assets$559
Net income from fundraising events$6,434
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$45,190,995

Form 990s for VAF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-27990View PDF
2021-122022-09-23990View PDF
2020-122021-10-04990View PDF
2019-122021-02-19990View PDF
2018-122019-10-31990View PDF
...and 9 more Form 990s
Data update history
February 3, 2024
Received grants
Identified 36 new grant, including a grant for $1,298,599 from The Community Foundation
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 25, 2023
Received grants
Identified 6 new grant, including a grant for $200,000 from John and Amy Griffin Foundation
August 21, 2023
Received grants
Identified 64 new grant, including a grant for $1,273,999 from The Community Foundation
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSports organizationsCharities
Issues
EducationHuman servicesSports
Characteristics
Provides grantsFundraising eventsState / local levelEndowed supportFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
PO Box 400833
Charlottesville, VA 22904
Metro area
Charlottesville, VA
County
Albemarle County, VA
Website URL
virginiaathleticsfoundation.com/ 
Phone
(434) 982-5555
Facebook page
VirginiaAthleticsFoundation 
Twitter profile
@uva_vaf 
IRS details
EIN
54-0517188
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1949
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N40: Sports Training Facilities, Agencies
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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