Public Charity

VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION

VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION, of RICHMOND, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $3.9M in revenue, $3.2M in expenses, $6.3M in total assets. 1 publicly reported grants to this organization, totaling roughly $250K, appear in IRS filings.

EIN: 541854399 RICHMOND, VA Latest filing: 2025
Total Revenue$3.9M
Total Expenses$3.2M
Total Assets$6.3M
Grant Records1
Funding Total$250K
Filing Years2020–2025

Mission

THE FOUNDATION DETERMINES THE PATENTABILITY AND OBTAINS PATENTS ON VIRGINIA COMMONWEALTH UNIVERSITY (VCU) INVENTIONS AND MARKETS AND LICENSES SUCH INVENTIONS TO COMMERICAL ENTITIES. THE FOUNDATION'S ACTIVITIES PROMOTE RESEARCH EFFORTS AT THE SCHOOL AND RESULTING ROYALTIES PROVIDE ECONOMIC SUPPORT FOR THE UNIVERSITY. THE FOUNDATION ALSO PROVIDES PATENT AND LICENSING CLINICS FOR VCU STUDENTS AND EMPLOYED APPROXIMATELY 1 VCU STUDENT AS AN INTERN OR PART-TIME EMPLOYEE.

Officers & Directors

DIRECTOR Andrew White
DIRECTOR Dr Dales Jones
PRESIDENT Dr Ivelina S Metcheva
DIRECTOR Dr Reinhold Brand
DIRECTOR Mr Spencer Williamson
EX-OFFICIO P Srirama Rao

Officer compensation and complete director data available with membership.

Top Grant Purposes

RESEARCH
$249,874 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $3.9M $3.2M $6.3M
2024 $3.3M $3.2M $5.4M
2023 $2.8M $3.0M $4.8M
2021 $2.9M $2.9M $4.9M
2020 $2.4M $2.7M $4.5M

Between 2020 and 2025, reported annual revenue grew from $2.4M to $3.9M (+62%), with total assets most recently reported at $6.3M.

Interactive year-over-year charts and full filing details available with membership.

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