2024-05-14T13:06:51-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2022-07-01 540757884 VIRGINIA COMMONWEALTH UNIVERSITY FOUNDAT VIRG 8048289292 PO BOX 843075 RICHMOND VA 232843075 LAURA KOTTKAMP EXECUTIVE DIRECTOR 8048289292 2024-05-10 1 LAURA KOTTKAMP XXX-XX-XXXX 0 M JAMES HARTSON JR CPA P00590214 8042826000 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURA KOTTKAMP PO BOX 843075 RICHMOND VA 232843075 19241588 0 X WWW.VCUF.ORG X 1917 VA TO SUPPORT THE EDUCATIONAL,SCIENTIFIC & CHARITABLE ACTIVITIES OF VCU. 26 26 0 0 0 83743 16885623 14687809 0 0 49988 884533 391219 370982 17326830 15943324 9918644 11734520 0 0 163986 151726 0 0 55768 408105 487367 10490735 12373613 6836095 3569711 137692636 148077514 41632161 42663718 96060475 105413796 1TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY AND RELATED ORGANIZATIONS. 0 0 12006368 11734520 370982 TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY AND RELATED ORGANIZATIONS THROUGH THE MANAGEMENT OF INVESTED FUNDS AND THE ADMINISTRATION OF ACCOUNTS. 12006368 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X X THE ORGANIZATION 8048289292 818 W BROAD STREET RICHMOND VA 232843075 X EDDIE O'LEARY TRUSTEE 1.00 X 0 0 0 TONYA P WILKINS EX-OFFICO TRUSTEE 1.00 X 0 0 0 CARL BURRELL TRUSTEE 1.00 X 0 0 0 DUKE DODSON TRUSTEE 1.00 X 0 0 0 MICHAEL JONES VICE CHAIR ELECT 1.00 X X 0 0 0 JULIE WEISSEND CHAIR 1.00 X X 0 0 0 JOHN PAOLINI TRUSTEE 1.00 X 0 0 0 PAUL CARDER TRUSTEE 1.00 X 0 0 0 JIM GREGORY TRUSTEE 1.00 X 0 0 0 LYNN MCATEER TRUSTEE 1.00 X 0 0 0 JOHN PURNELL VICE CHAIR 1.00 X X 0 0 0 JOSEPH BARTHOLOMEW TRUSTEE 1.00 X 0 0 0 KERAN DONAHUE TRUSTEE 1.00 X 0 0 0 DR MICHAEL RAO EX-OFFICO TRUSTEE 1.00 X 0 0 0 APRIL DUFF TRUSTEE 1.00 X 0 0 0 JOHN FINN TRUSTEE 1.00 X 0 0 0 CATHY DOSS TRUSTEE 1.00 X 0 0 0 KENNETH JONES TRUSTEE 1.00 X 0 0 0 JOHN ZEHEB TRUSTEE 1.00 X 0 0 0 WILLIAM MURRAY TRUSTEE 1.00 X 0 0 0 TIMOTHY NGUYEN TRUSTEE 1.00 X 0 0 0 ZACH MCCLUSKEY TRUSTEE 1.00 X 0 0 0 SEAN BRAZIER TRUSTEE 1.00 X 0 0 0 KELLY CONWAY TRUSTEE 1.00 X 0 0 0 CARRIE ROTH TRUSTEE 1.00 X 0 0 0 CHRIS SMALL TRUSTEE 1.00 X 0 0 0 LEAH WALKER TRUSTEE 1.00 X 0 0 0 MARIE KIMMEL TRUSTEE 1.00 X 0 0 0 LAURA KOTTKAMP EXECUTIVE DIRECTOR AND SEC 16.00 X 115589 0 46465 115589 0 46465 1 0 1 0 0 14687809 930972 14687809 893582 893582 3289215 3298264 -9049 -9049 -9049 ADMINISTRATIVE FEES 900099 301391 301391 OTHER REVENUE 900099 69591 69591 370982 15943324 370982 0 884533 11734520 11734520 151726 22759 75863 53104 175786 13322 159800 2664 6793 6793 25200 25200 235767 235767 OTHER EXPENSES 43821 43821 12373613 12006368 311477 55768 20465983 20750959 5988342 5495126 16890 16890 0 0 110083928 120667292 1154383 1164137 137692636 148077514 1368355 968848 40263806 41694870 41632161 42663718 X 3997334 5272663 92063141 100141133 96060475 105413796 137692636 148077514 X 3569711 5962708 -179098 X X 0 1 X 1 0 X 12212392 8886414 10087245 16885623 14687809 62759483 12212392 8886414 10087245 16885623 14687809 62759483 6453737 56305746 566933 455578 76565 56400 893582 2049058 298820 290904 296640 391219 370982 1648565 66457106 0.84720 0.85120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 68189593 5972637 4550456 1598980 77113706 70454030 6580700 -7234177 1610960 68189593 50843106 3765165 17567339 1721580 70454030 50187057 1237235 935226 1516412 50843106 45674788 4749406 1657658 1894795 50187057 0.04350 0.68520 0.27130 0 0 16890 16890 0 0 ALTERNATIVE INVESTMENT - REAL ESATE 702127 F THE RAM FUND, LP 95322440 F THE RAM PRIVATE ASSETS FUND, LP 20628443 F MONEY MARKET FUNDS 4014282 F 120667292 LIFE ANNUITIES 260502 DEPOSITS HELD FOR VCU 29436172 DEPOSITS HELD FOR VCU INTELLECTUAL PROPERTY FOUNDATION 1413178 DEPOSITS HELD FOR VCU REAL ESTATE FOUNDATION 10585018 41694870 X 21562168 5962708 5962708 15599460 235767 108097 343864 15943324 12137846 0 12137846 235767 235767 12373613 PART V, LINE 4: THE VARIOUS ENDOWMENTS WERE ESTABLISHED TO SUPPORT THE FOUNDATION AND ITS MISSION. PART X, LINE 2: THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AT JUNE 30, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES RECEIVABLE NETTED AGAINST REVENUE FOR FS 108,097. 1 VIRGINIA COMMONWEALTH UNIVERSITY 912 W FRANKLIN POST OFFICE BOX 843035 RICHMOND VA 232843035 546001758 115 11734520 0 THE FOUNDATION EXISTS SOLELY TO ASSIST, SUPPORT, AND FOSTER VIRGINIA COMMONWEALTH UNIVERSITY IN ALL PROPER WAYS THAT MAY FROM TIME TO TIME BE APPROVED BY THE TRUSTEES OF THE FOUNDATION WITH THE GUIDANCE OF THE UNIVERSITY. THE FOUNDATION MANAGES AND DISTRIBUTES CURRENT AND ENDOWMENT GIFTS FOR ALL SCHOOLS, DEPARTMENTS, AND PROGRAMS THROUGHOUT THE UNIVERSITY WITH MAJOR EMPHASIS ON PROGRAMS FOR THE MONROE PARK CAMPUS. 1 0 0 0 0 0 0 0 0 0 LAURA KOTTKAMP EXECUTIVE DIRECTOR AND SEC 115589 0 0 0 0 0 0 0 46465 0 162054 0 0 0 X 46 930972 QUOTED MARKET VALUES 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES ITS INVESTMENT CUSTODIAN TO SELL GIFTS OF SECURITIES, AND CONTRACTS WITH OTHER VENDORS AS NEEDED TO SELL OTHER NONCASH GIFTS. PART I, LINE 33: THE ORGANIZATION RECEIVED NONCASH GIFTS OF INVESTMENT SECURITIES IN THE AMOUNT OF $854,409 THAT WERE PLEDGE PAYMENTS ON PLEDGES RECORDED AS REVENUE IN PREVIOUS YEARS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DISTRIBUTES A COPY OF THE FORM 990 TO ALL MEMBERS OF THE AUDIT COMMITTEE AND MAKES IT AVAILABLE FOR ALL OTHER BOARD MEMBERS PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS AND KEY EMPLOYEES, ON AN ANNUAL BASIS, TO SIGN A CONFLICT OF INTEREST STATEMENT AND TO DISCLOSE THE EXISTENCE OF ANY CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION POSTS ITS CURRENT AUDITED FINANCIAL STATEMENTS AND FORM 990 ON ITS WEB SITE, EACH YEAR. IN ADDITION, COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE SENT ELECTRONICALLY TO ALL DIRECTORS. IT IS THE POLICY OF THE ORGANIZATION TO MAKE AVAILABLE COPIES OF FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFICT OF INTEREST INFORMATION AND OTHER DOCUMENTS TO THE PUBLIC. FORM 990, PART VII, SECTION A: THE VCU FOUNDATION DOES NOT HAVE ITS OWN EMPLOYEES. SERVICES ARE PROVIDED BY UNIVERSITY EMPLOYEES, WHO ARE COMPENSATED DIRECTLY BY THE UNIVERSITY. THE UNIVERSITY DOES NOT MEET THE IRS DEFINITION OF A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE PROPORTIONAL SALARY AND BENEFITS ALLOCATED TO SUPPORT OF THE FOUNDATION. THE FOUNDATION'S EXECUTIVE DIRECTOR/SECRETARY IS COMPENSATED BY THE UNIVERSITY IN HER CAPACITY AS AN OFFICER OF THE FOUNDATION. AS SUCH, THE AMOUNT PAID BY THE FOUNDATION TO THE UNIVERSITY AS A REIMBURSEMENT OF HER SALARY AND BENEFITS IS REPORTED IN PART VII, SECTION A AS IF IT WAS PAID DIRECTLY BY FOUNDATION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY AGREEMENTS -26,100. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -19,988. RETURN OF DONOR CONTRIBUTION -27,500. CHANGE IN VALUE OF BENEFICIAL INTEREST IN LIFE INSURANCE POLICY 2,587. UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -108,097. FORM 990 PART XII - LINE 2(C) THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.