Mission
TO SECURE FINANCIAL SUPPORT THAT ENABLES COLLEGE-BOUND STUDENTS TO ACCESS AND GRADUATE FROM OUTSTANDING VIRGINIA INDEPENDENT HIGHER EDUCATION INSTITUTIONS.
Public Charity
VA FOUNDATION FOR INDEPENDENT COLLEGES
Based in RICHMOND, VA, VA FOUNDATION FOR INDEPENDENT COLLEGES operates as a Public Charity. The organization reported $3.6M in revenue, $3.9M in expenses, $45.1M in total assets for fiscal year 2025. Imperigo tracks 67 reported grant relationships connected to this organization totaling approximately $2.9M.
EIN: 540554396
RICHMOND, VA
Undergraduate Colleges
NTEE: B42
Latest filing: 2025
Total Revenue$3.6M
Total Expenses$3.9M
Total Assets$45.1M
Grant Records67
Funding Total$2.9M
Filing Years2021–2025
Where $100 goes at Va Foundation for Independent Colleges
How Va Foundation for Independent Colleges divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$71
Programs
the work itself
$19
Management
running the organization
$10
Fundraising
raising the next dollar
Inside the $71 for programs
$71
The foundation provides annual unrestricted and restricted contributions to support crucial needs at its seventeen member institutions, including funding for campus improvements, scholarships, academic program development, and faculty…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
EDUCATIONAL SUCCESS
$255,750
GRANTS TO STATE COUNCILS
$131,000
1 grant(s) for varying purposes
$100,000
EDUCATION
$49,500
For grant recipient's exempt purposes
$39,250
Showing up to 5 of 67 total records — full history available with membership.
Officers & Directors
TRUSTEE
Alison Morrison-Shetlar
TRUSTEE
A Louise Fincher
TRUSTEE
A Marshall Acuff Jr
TRUSTEE
Andrea Glasgow
TRUSTEE
Bernard A Neimeier
TRUSTEE
Beverly E Dalton
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $3.6M | $3.9M | $45.1M |
| 2024 | $2.2M | $3.8M | $40.8M |
| 2023 | $2.3M | $3.5M | $39.9M |
| 2022 | $1.5M | $3.3M | $39.3M |
| 2021 | $2.5M | $3.2M | $42.2M |
Between 2021 and 2025, reported annual revenue grew from $2.5M to $3.6M (+45%), with total assets most recently reported at $45.1M.
Interactive year-over-year charts and full filing details available with membership.