2025-05-09T10:03:39-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DRIVE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-07-01 546039600 VIRGINIA WESLEYAN UNIVERSITY VIRG 7574555707 5817 WESLEYAN DRIVE VIRGINIA BEACH VA 23455 JOHN GROULX VP FOR FINANCE AND ADMINISTRATION 7574555707 2025-05-09 1 1 MARK WOOLWINE P00647446 5404433606 2025-05-09 2023 2025-03-06 01:10:19Z JOHN GROULX 5817 WESLEYAN DRIVE VIRGINIA BEACH VA 23455 86605253 0 X WWW.VWC.EDU X 1961 VA VIRGINIA WESLEYAN UNIVERSITY IS A FULLY ACCREDITED LIBERAL ARTS, UNITED-METHODIST RELATED INSTITUTION FOUNDED IN 1961. 34 34 644 56 280907 201276 24384841 28178484 50701118 54083137 -1589443 1471264 828056 2176080 74324572 85908965 24233305 25614834 0 0 21569648 21947285 0 0 736140 21832663 24880857 67635616 72442976 6688956 13465989 227055881 249665547 35605943 34254284 191449938 215411263 X SEE SCHEDULE O. 0 0 45266897 25614834 44732624 EDUCATIONAL AND GENERAL EXPENSES TO INCLUDE INSTRUCTIONAL SERVICES, PUBLIC SERVICES, PLANT OPERATIONS AND STUDENT AID. FOR APPROXIMATELY 1,600 TRADITIONAL STUDENTS AND 3,100 CONTINUING EDUCATION LEARNERS ENROLLED IN FISCAL YEAR 2024 WITH 241 STUDENTS GRADUATING WITH BACCALAUREATE DEGREES AND 38 STUDENTS GRADUATING WITH GRADUATE DEGREES. 7308877 11009047 AUXILARY ENTERPRISES TO INCLUDE RESIDENCE HALLS, DINING HALL AND CONFERENCE FACILITIES. 52575774 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 1809 0 1 644 1 1 1 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X JOHN GROULX 7574555707 5817 WESLEYAN DRIVE VIRGINIA BEACH VA 23455 JONATHAN E PRUDEN CHAIR 1.00 X X 0 0 0 NANCY T DEFORD VICE CHAIR 1.00 X X 0 0 0 MAVIS E MCKENLEY SECRETARY 1.00 X X 0 0 0 J TIM BAILEY TREASURER 1.00 X X 0 0 0 JOHN F MALBON IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 SUSAN S GOODE TRUSTEE 1.00 X 0 0 0 GEORGE K CHIP TSANTES III TRUSTEE 1.00 X 0 0 0 GARY D BONNEWELL TRUSTEE 1.00 X 0 0 0 DOUG WILSON TRUSTEE 1.00 X 0 0 0 SHARON S GOODWYN TRUSTEE 1.00 X 0 0 0 WILLIAM W GRANGER III TRUSTEE 1.00 X 0 0 0 W TAYLOR FRANKLIN TRUSTEE 1.00 X 0 0 0 HOWARD P KERN TRUSTEE 1.00 X 0 0 0 DAVID L KAUFMAN TRUSTEE 1.00 X 0 0 0 VINCENT J MASTRACCO JR TRUSTEE 1.00 X 0 0 0 ROBERT W MCFARLAND TRUSTEE 1.00 X 0 0 0 ERIC C NYMAN TRUSTEE 1.00 X 0 0 0 TASSOS J PAPHITES TRUSTEE 1.00 X 0 0 0 ROBIN D RAY TRUSTEE 1.00 X 0 0 0 LOUIS F RYAN TRUSTEE 1.00 X 0 0 0 JAMES H SHUMADINE TRUSTEE 1.00 X 0 0 0 LEE T STEVENSON TRUSTEE 1.00 X 0 0 0 JOSEPH R THOMAS TRUSTEE 1.00 X 0 0 0 KENNETH G TRINDER II TRUSTEE 1.00 X 0 0 0 MICHAEL J WHITE TRUSTEE 1.00 X 0 0 0 G ROBERT ASTON JR TRUSTEE 1.00 X 0 0 0 MATTHEW R NUSBAUM TRUSTEE 1.00 X 0 0 0 MICHAEL R RAWLS TRUSTEE 1.00 X 0 0 0 ANTHONY WALTERS TRUSTEE 1.00 X 0 0 0 DEBORAH M PAXSON TRUSTEE 1.00 X 0 0 0 GRAHAM GARRENTON TRUSTEE 1.00 X 0 0 0 ANGELA M MERCER MD TRUSTEE 1.00 X 0 0 0 JOSEPH P RUDDY TRUSTEE 1.00 X 0 0 0 JACLYN B RUELLE TRUSTEE 1.00 X 0 0 0 DR SCOTT D MILLER PRESIDENT 50.00 X 511652 0 85537 MARY RYBERG FORMER VICE PRESIDENT FOR FINANCE 40.00 X 176341 0 21156 JOHN GROULX VICE PRESIDENT FOR FINANCE 40.00 X 0 0 0 SUSAN E LARKIN PROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS 40.00 X 171847 0 20163 HEATHER CAMPBELL VICE PRESIDENT FOR ENROLLMENT 40.00 X 121772 0 26528 KEITH MOORE SENIOR VICE PRESIDENT 40.00 X 151474 0 22876 DEIRDRE GONSALVES-JACKSON VICE PRESIDENT FOR VWU GLOBAL CAMPUS 40.00 X 112599 0 25558 KELLY CORDOVA CHIEF OF STAFF 40.00 X 95869 0 24510 GREGORY SKINNER CHIEF INFORMATION OFFICER 40.00 X 140919 0 17987 DAVID MACEDO HEAD MEN'S BASKETBALL COACH 40.00 X 155441 0 29062 MAYNARD SCHAUS PROFESSOR 40.00 X 123306 0 26625 MICHELLE VACHRIS PROFESSOR 40.00 X 128526 0 17920 TERRENCE LINDVALL PROFESSOR 40.00 X 126736 0 26223 STEVEN M EMMANUEL PROFESSOR 40.00 X 122810 0 17291 2139292 0 361436 30 0 1 0 SODEXO PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICES 3416546 ARAMARK PO BOX 978839 DALLAS TX 753978839 FACILITY MANAGEMENT 2316756 TYMOFF MOSS ARCHITECTS 512 BOTETOURT STREET NORFOLK VA 23510 ARCHITECTS 1342386 DRIVESTREAM INC 45610 WOODLAND RD SUITE 150 STERLING VA 20166 CONSULTING 897500 WILEY EDU LLC PO BOX 416502 BOSTON MA 022416502 ONLINE PROGRAM SERVICES 702248 15 275441 27903043 10961532 28178484 STUDENT FEES 611310 43757108 43757108 ROOM & BOARD 611310 10326029 10326029 54083137 1670095 95346 1574749 468303 224805 243498 243498 243498 198831 -198831 -198831 -198831 214715 272652 -57937 -57937 OTHER 611310 1658534 1658534 CHANGE IN FUNDS HELD IN TRUST 900001 331985 331985 1990519 85908965 55741671 280907 1707903 25614834 25614834 1401558 567992 833566 15212597 12340129 2523315 349153 973052 758376 192178 22498 3158592 1947771 1138486 72335 1201486 952465 222991 26030 80136 80136 64133 64133 308999 308999 693214 536022 137668 19524 4977751 2934963 2029560 13228 636307 461838 138905 35564 968832 110000 858832 4797309 2966726 1830583 602022 33977 568045 OTHER 4970938 1923516 2849614 197808 CONTRIBUTION-SEE SCH O 2700000 2700000 COGS 2654051 2654051 ATHLETICS 1427165 1427165 72442976 52575774 19131062 736140 5773688 2464257 439596 625 10609706 10472257 329344 465484 478542 379360 66212 54933 1334926 1107734 173417832 82637686 82801769 90780146 11249057 11895292 109446415 127201892 4526626 4843567 227055881 249665547 2616569 3265515 361365 104666 3032150 2842722 29269645 27724824 326214 316557 35605943 34254284 X 56030435 60787380 135419503 154623883 191449938 215411263 227055881 249665547 13465989 10495336 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1974 1974 0 PART II-B, LINE 1: THE UNIVERSITY PAYS MEMBERSHIP DUES TO VARIOUS HIGHER EDUCATION ASSOCIATIONS WHERE A PORTION OF MEMBERSHIP DUES ARE ATTRIBUTED TO LOBBYING ACTIVITIES. X X X X 0 119824324 291801 11657601 5975000 -435221 126233947 115895125 3209364 6363445 6082300 -438690 119824324 72822806 57507597 -11084508 2465091 885679 115895125 58765587 218060 17041660 1944879 1257622 72822806 59960898 1076135 755426 1846817 1180055 58765587 0.08060 0.83650 0.08290 0 0 580418 580418 140960019 59463157 81496862 23777917 20318913 3459004 8099478 2855616 5243862 90780146 MUTUAL FUNDS 31757148 F GLOBAL EQUITIES 15832992 F REAL ESTATE 1827770 F FIXED INCOME 2180515 F REAL ASSETS NAT RES. 6943087 F HEDGE FUNDS 12492917 F PRIVATE EQUITY 32338473 F LIMITED PARTNERSHIPS 240612 F MONEY MARKET AND OTHER SHORT-TERM INVESTMENTS 23588378 F 127201892 AGENCY FUNDS 316557 316557 X 68277925 10495336 -2700000 7795336 60482589 308999 25117377 25426376 85908965 44316600 497457 497457 43819143 308999 28314834 28623833 72442976 PART III, LINE 4: THE COLLECTION CONSISTS PRIMARILY OF PAINTINGS AND IS HELD FOR PUBLIC DISPLAY IN RELATION TO ART CLASSES TAUGHT BY THE UNIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS AND GRANTS FOR STUDENTS AND SUPPORT OPPERATIONS. PART X, LINE 2: THE UNIVERSITY HAS EVALUATED THE EFFECT OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM TAXATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED ALL OF THE TAX POSITIONS AND DETERMINED A PROVISION FOR UNCERTAIN TAX POSITIONS IS NOT NECESSARY AT JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: NON-OPERATING EXPENSE ON STATEMENT OF ACTIVITIES -2,700,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 25,614,834. UNIVERSITY STORE COST OF GOODS SOLD NETTED AGAINST INCOME -272,652. RENTAL EXPENSES -224,805. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 224,805. UNIVERSITY STORE COST OF GOODS SOLD NETTED AGAINST INCOME 272,652. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 25,614,834. NON-OPERATING EXPENSE ON STATEMENT OF ACTIVITIES 2,700,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS ON THE UNIVERSITY WEB SITE AND IS INCLUDED ON INFORMATION THAT GOES OUT TO PROSPECTIVE STUDENTS. THE UNIVERSITY PUBLISHES IT WHEN ADVERTISING FOR POSITIONS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FUNDS FROM THE FEDERAL GOVERNMENT UNDER THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) PROGRAM AND THE FEDERAL WORK-STUDY PROGRAM. GRANTS RECEIVED ARE AWARDED TO STUDENTS USING ONE OF FOUR FEDERAL POLICIES BASED ON THE FREE APPLICATION OF FEDERAL STUDENT AID (FAFSA). CENTRAL AMERICA/CARIBBEAN 0 0 INVESTMENTS 19785271 0 0 0 0 0 0 19785271 0 19785271 0 0 0 0 0 0 1 SCHOLARSHIPS AND FINANCIAL AID 1204 25614834 PART I, LINE 2: THE FINANCIAL AID OFFICE IS CHARGED WITH DETERMINING ELIGIBILITY, ALLLOCATIONS OF GRANT FUNDS, AND MONITORING OF STUDENT ACCOUNTS. FINANCIAL NEED IS DETERMINED AFTER AN ANALYSIS OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS COMPLETED. THE UNIVERSITY ALSO OFFERS ACADEMIC SCHOLARSHIPS, WITHOUT REGARD TO NEED, TO ENTERING NEW AND TRANSFER STUDENTS WITH OUTSTANDING ACADEMIC RECORDS. ALL FINANCIAL AID IS CHARGED DIRECTLY AGAINST THE STUDENT ACCOUNTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR SCOTT D MILLER PRESIDENT 511652 0 0 0 0 0 69775 0 15762 0 597189 0 0 0 MARY RYBERG FORMER VICE PRESIDENT FOR FINANCE 176341 0 0 0 0 0 12169 0 8987 0 197497 0 0 0 SUSAN E LARKIN PROVOST & VICE PRESIDENT FOR ACADEMI 171847 0 0 0 0 0 11658 0 8505 0 192010 0 0 0 DAVID MACEDO HEAD MEN'S BASKETBALL COACH 155441 0 0 0 0 0 10749 0 18313 0 184503 0 0 0 KEITH MOORE SENIOR VICE PRESIDENT 151474 0 0 0 0 0 10271 0 12605 0 174350 0 0 0 GREGORY SKINNER CHIEF INFORMATION OFFICER 140919 0 0 0 0 0 9575 0 8412 0 158906 0 0 0 TERRENCE LINDVALL PROFESSOR 126736 0 0 0 0 0 8639 0 17584 0 152959 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES A PARTIAL HOUSING ALLOWANCE TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL UNIVERSITY BUSINESS AND ACTIVITIES AT THE HOME. THE HOUSING PROVIDED IS TREATED AS TAXABLE INCOME. A CITY OF VB DEV AUTH 540947964 2018-06-13 36000000 REFINANCE AND CAPITAL IMPROVEMENTS 0 0 0 A 36000000 26438906 86333 6376761 3098000 2024 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF VB DEV. AUTH. DATE THE REBATE COMPUTATION WAS PERFORMED: 03/23/2022 HOWARD KERN BOARD MEMBER -395000 HOWARD IS PRESIDENT AND CEO OF SENTARA HEALTHCARE WHICH WVU USES FOR OUTSOURCED HEALTHCARE SERVICES AND ATHLETIC TRAINING SUPPORT. 0 X 1 1000 DONOR VALUE X 3 4699296 AVERAGE HIGH/LOW X 1 6211193 APPRAISAL X EQUIPMENT 4 31396 FMV X MISCELLANEOUS 31 11103 FMV X SUPPLIES 4 7544 FMV 0 0 0 FORM 990, PART III, LINE 1 AN INCLUSIVE COMMUNITY DEDICATED TO SCHOLARSHIP AND SERVICE GROUNDED IN THE LIBERAL ARTS AND SCIENCES, VIRGINIA WESLEYAN UNIVERSITY INSPIRES STUDENTS TO BUILD MEANINGFUL LIVES THROUGH ENGAGEMENT IN COASTAL VIRGINIA'S DYNAMIC METROPOLITAN REGION, THE NATION, AND THE WORLD. FORM 990, PART VI, SECTION B, LINE 11B VIRGINIA WESLEYAN UNIVERSITY AND THE ACCOUNTING STAFF PROVIDE THE NECESSARY FINANCIAL AND OTHER INFORMATION NECESSARY TO THE INDEPENDENT THIRD PARTY TAX CONSULTANTS. THE TAX CONSULTANTS REVIEW AND COMPILE THE INFORMATION INTO THE 990 AND 990T FORMS AND PROVIDE A DRAFT TO MANAGEMENT. THE ADMINISTRATION AND FINANCE COMMITTEE REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND TRUSTEES ARE REQUIRED TO ANNUALLY SIGN A FORM STATING THAT THERE ARE NO CONFLICTS OF INTEREST BETWEEN THEMSELVES AND THE UNIVERSITY. IF A CONFLICT DOES OCCUR DURING THE YEAR, IT IS REPORTED TO THE PRESIDENT AND THE CHAIRMAN OF THE BOARD. ADDITIONALLY, IN THE EVENT OF A CONFLICT, THAT PERSON WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS EVALUATED BY EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (HELD IN FEBRUARY OR MARCH EACH YEAR), ACCORDING TO WRITTEN OBJECTIVES, SPECIFIC AND GENERAL, DEVELOPED BY CONSULTATION BETWEEN THE PRESIDENT AND THE BOARD CHAIR AND PRESENTED TO AND APPROVED BY THE BOARD BEFORE THE OUTSET OF EACH ACADEMIC YEAR. THE PRESIDENT REPORTS ON THESE GOALS AT EACH BOARD MEETING. THE EXECUTIVE COMMITTEE SERVES AS THE PRESIDENT'S COMPENSATION COMMITTEE, AND BASED ON THE ANNUAL EVALUATION,MEETS IN EXECUTIVE SESSION TO REVIEW THE PRESIDENT'S COMPENSATION PACKAGE. THE PRESIDENT'S DUTIES, TERMS OF EMPLOYMENT AND COMPENSATION ARE COMMITTED TO A WRITTEN "EMPLOYMENT AGREEMENT "(CONTRACT).THE CONTRACT CONTAINS SPECIFIC DUTIES AND TERMS. A ONE PAGE APPENDIX IS UPDATED EACH YEAR WITH SALARY AND ANY SPECIAL CONDITIONS. A SUPPLEMENTAL LETTER OUTLINES REIMBURSEMENT FOR SPOUSAL ACCOMMODATION EXPENSE(S). THE CONTRACT MIRRORS THE PRESIDENT'S CONTRACT AT HIS PRIOR INSTITUTIONS (PRESIDENT, LINCOLN MEMORIAL UNIVERSITY, 1991-1997; PRESIDENT, WESLEY COLLEGE, 1997-2007; PRESIDENT, BETHANY COLLEGE, 2007-2015). THAT CONTRACT WAS DEVELOPED BY AN INDEPENDENT HIGHER EDUCATION CONSULTING FIRM AND WITH THE ASSISTANCE OF INDEPENDENT LEGAL COUNSEL. AN UPDATED VIRGINIA WESLEYAN UNIVERSITY VERSION WAS DRAFTED BY THE CHAIR OF THE BOARD AND THE UNIVERSITY'S GENERAL COUNSEL AND APPROVED BY THE PRESIDENT OF THE UNIVERSITY AS WELL AS THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE FULL BOARD RATIFIED DUTIES, TERMS AND COMPENSATION. PER THE CONTRACT, "THE EMPLOYEE'S (PRESIDENT) BASE SALARY FOR SUBSEQUENT YEARS WILL BE REVIEWED AND ESTABLISHED ANNUALLY, ON OR BEFORE MARCH 31 OF EACH CALENDAR YEAR, BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND, IF ADJUSTED, WILL BE ADJUSTED EFFECTIVE JULY 1 OF THAT YEAR. ADJUSTMENTS ARE AT THE SOLE DISCRETION OF THE EXECUTIVE COMMITTEE AND WILL BE CONDITIONED UPON THE BOARD'S SATISFACTION WITH THE EMPLOYEE'S PERFORMANCE AND THE UNIVERSITY'S FINANCIAL POSITION ." BASED ON THE EVALUATION, THE EXECUTIVE COMMITTEE SETS THE PRESIDENT'S COMPENSATION UTILIZING COMPARATIVE DATA FROM A VARIETY OF EXTERNAL SOURCES :( A) SURVEY DATA FOR PRESIDENTS OF COLLEGES WITH SIMILAR ASSETS PROVIDED BY THE COLLEGE UNIVERSITY AND PERSONNEL ASSOCIATION (CUPA); (B) A REVIEW OF INTERNAL REVENUE SERVICE 990 FORM DATA FOR PRESIDENTS OF PEER INSTITUTIONS; (C) COMPARATIVE DATA FOR PRESIDENTS OF NATIONAL LIBERAL ARTS COLLEGES PROVIDED BY THE ANNUAL CHRONICLE OF HIGHER EDUCATION SURVEY, AND (D) COMPARATIVE DATA FOR PRESIDENTS OF SIMILAR INSTITUTIONS FROM THE YAFFEE AND COMPANY EXECUTIVE COMPENSATION SURVEY. THE UNIVERSITY'S OFFICERS COMPENSATION IS SET BY THE PRESIDENT USING THE SAME VARIETY OF EXTERNAL SOURCES AS USED WHEN EVALUATING THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THIS PROCESS FORM 990, PART IX, LINE 24B ON MARCH 31, 2020, THE UNIVERSITY ENTERED INTO A COLLABORATION AND CONSORTIUM AGREEMENT WITH LAKELAND UNIVERSITY INC. LAKELAND UNIVERSITY INC. OWNS AND OPERATES A BRANCH CAMPUS LOCATED IN TOKYO JAPAN THROUGH LAKELAND UNIVERSITY JAPAN MANAGEMENT CORPORATION ("LAKELAND JAPAN"). THE UNIVERSITY WILL ASSIST WITH THE MANAGEMENT, OPERATIONS, AND EXPANSION OF LAKELAND JAPAN INCLUDING, BUT NOT LIMITED TO, ESTABLISHING AND SUPPORTING ACADEMIC PROGRAMS, CREATING OPPORTUNITIES FOR STUDY ABROAD, AND DEVELOPING AND EXPANDING THE PHYSICAL CAMPUS OF LAKELAND JAPAN. THE AGREEMENT REQUIRED A $1,100,000 INVESTMENT FOR CAPITAL PROJECTS. THE UNIVERSITY IS PARTICIPATING IN REVENUE SHARING; HOWEVER, THE UNIVERSITY DOES NOT HAVE AN EQUITY INTEREST. DURING THE YEAR ENDED JUNE 30, 2024, THE UNIVERSITY CONTRIBUTED $2.7 MILLION TOWARD THE ESTABLISHMENT OF THE JANE P. BATTEN AND DAVID R. BLACK SCHOOL FOR INTERNATIONAL STUDIES. LOCATED AT LUJ/VWU GLOBAL, THE SCHOOL IS A THREE-INSTITUTION PARTNERSHIP FOR SHARED STUDY-AWAY OPTIONS. THE THREE SCHOOLS SHARE ONLINE AND IN-PERSON CLASSES, AND LEARNERS MEETING RESIDENTIAL REQUIREMENTS MAY RECEIVE A CERTIFICATE FROM VWU'S CHAPTER OF THE WORLD AFFAIRS COUNCIL. CHARITABLE REMAINDER TRUSTS (2) INVESTMENTS VA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0