Mission
THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF ACCEPTING, ACQUIRING, LEASING, SELLING OR DISPOSING, OPERATING AND/OR MANAGING PROPERTY FOR THE EXCLUSIVE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY.
Public Charity
VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION
VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION is a private foundation categorized as Public Charity based in RICHMOND, VA. Its most recent IRS filing (2025) reports revenue of $12.9M, expenses of $7.7M, total assets of $95.9M. Imperigo tracks 11 reported grants from this foundation totaling approximately $596K.
EIN: 541666531
RICHMOND, VA
Universities
NTEE: B43
Latest filing: 2025
Total Revenue$12.9M
Total Expenses$7.7M
Total Assets$95.9M
Grants Given11
Grant Total$596K
Filing Years2021–2025
Where $100 goes at Virginia Commonwealth University Real Estate Foundation
How Virginia Commonwealth University Real Estate Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$98
Programs
the work itself
$2
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $98 for programs
$98
To support virginia commonwealth university through the management of real estate used in the university's educational, scientific and charitable activities
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 Given
VIRGINIA COMMONWEALTH UNIVERSITY
ASSISTANCE IS PROVIDED TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF REAL ESTATE USED IN THE UNIVERSITY'S EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES.
$55,807
VIRGINIA COMMONWEALTH UNIVERSITY
ASSISTANCE IS PROVIDED TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF REAL ESTATE USED IN THE UNIVERSITY'S EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES.
$48,876
VIRGINIA COMMONWEALTH UNIVERSITY
ASSISTANCE IS PROVIDED TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF REAL ESTATE USED IN THE UNIVERSITY'S EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES.
$48,876
PER A GIFT AGREEMENT BETWEEN A DONOR AND VCU FOUNDATION, $85,542 OF PROCEEDS FROM SALE OF PROPERTY GIFTED TO VCU REAL ESTATE FOUNDATION, BY THE DONOR, IS TO BE GIVEN TO THE VCU FOUNDATION TO FULFILL THE DONOR'S PLEDGED GIFT
$85,542
VIRGINIA COMMONWEALTH UNIVERSITY
ASSISTANCE IS PROVIDED TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF REAL ESTATE USED IN THE UNIVERSITY'S EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES.
$46,548
Showing up to 5 of 11 total records — full history available with membership.
Officers & Directors
DIRECTOR
Brad Welles
DIRECTOR
Burt Pinnock
DIRECTOR
Dr Clifton Peay
EX-OFFICIO DIRECTOR
Dr Michael Rao
PRESIDENT
George Emerson
DIRECTOR
Jason Vickers-Smith
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $12.9M | $7.7M | $95.9M |
| 2024 | $10.8M | $8.2M | $94.5M |
| 2023 | $10.2M | $7.5M | $98.4M |
| 2022 | $9.5M | $6.4M | $99.6M |
| 2021 | $8.0M | $5.9M | $95.9M |
Between 2021 and 2025, reported annual revenue grew from $8.0M to $12.9M (+62%), with total assets most recently reported at $95.9M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in VA.
VA
Full geographic grant map with state-by-state breakdown available with membership.