EIN 55-6017181

West Virginia University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
183
Year formed
1954
Most recent tax filings
2022-06-01
Description
The mission of the wvu Foundation is to enrich the lives of those touched by West Virginia University by maximizing private charitable support and providing services to the University and its non-profit affiliated organizations. To support and benefit West Virginia University and its affiliated organizations.
Total revenues
$221,489,920
2022
Total expenses
$104,681,014
2022
Total assets
$2,666,942,947
2022
Num. employees
183
2022

Program areas at West Virginia University Foundation

The organization utilizes private funding to support students within multiple schools, colleges, and departments across campus; the most significant of which were the department of intercollegiate athletics, the eberly college of arts and sciences, the college of agriculture, natural resources and design, and the statler college of engineering and mineral resources. Scholarship amounts include tuition, books, and room and board. Scholarship amounts are utilized across campus to help recruit nationally prominent students as well as provide funding support to give other students the opportunity to pursue an academic career at the highest level.
The organization utilizes private funding to support capital project initiatives across campus. For the current fiscal year, West Virginia University received funding from the organization to support a variety of capital initiatives.
The organization utilizes private funding to support multiple schools, colleges, and departments impacting all levels of the campus. Amounts funded in this area are primarily utilized to enhance salary levels thereby positioning West Virginia University to be more competitive in attracting and retaining talented individuals within the academic, administrative, and research fields. The health sciences campus was the primary beneficiary of funded salaries; however, virtually every academic department, as well as the department of intercollegiate athletics, received funding for this critical function.
The organization has other disbursements in direct support of West Virginia University, including faculty and staff travel for educational purposes, classroom, laboratory, and office supplies, educational materials, etc.

Grants made by West Virginia University Foundation

GranteeGrant descriptionAmount
Nicholas County CeosTo Support Students of West Virginia University$14,448,635

Who funds West Virginia University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Hospital CenterChildrens Hospital Donation$2,000,000
Hazel Ruby Mcquain Charitable TrustWvu Olympic Sports Complex$1,500,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,318,155
...and 157 more grants received totalling $15,269,458

Personnel at West Virginia University Foundation

NameTitleCompensation
Cynthia L RothPresident and Chief Executive Officer$553,701
Jessica M BurnsBoard Administration , Executive To Chief Executive Officer , Assistant Board Secretary$83,216
Michael E AugustineChief Operating Officer and Chief Financial Officer and Treasurer$431,229
Bernard J DavissonSenior Vice President Development , Chief Financial Officer$452,702
Richard KraichVice President Investments , Chief Information Officer$734,203
...and 6 more key personnel

Financials for West Virginia University Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$113,807,754
Program services$14,705,327
Investment income and dividends$14,887,971
Tax-exempt bond proceeds$0
Royalty revenue$124,033
Net rental income$645,787
Net gain from sale of non-inventory assets$77,669,281
Net income from fundraising events$-350,233
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$221,489,920

Form 990s for West Virginia University Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-16990View PDF
2021-062022-03-22990View PDF
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
2018-062019-04-15990View PDF
...and 8 more Form 990s
Data update history
June 22, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 5 new personnel
June 12, 2023
Used new vendors
Identified 2 new vendors, including , and
May 10, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationFundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donations
General information
Address
1 Waterfront Pl 7th Floor
Morgantown, WV 26507
Metro area
Morgantown, WV
County
Monongalia County, WV
Website URL
wvuf.org/ 
Phone
(304) 284-4000
Facebook page
wvufoundation 
Twitter profile
@wvufoundation 
IRS details
EIN
55-6017181
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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