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MI MN NV NH NJ NY ND OH OK OR SC WA WI X X THE ORGANIZATION 8048289734 1021 E Cary Street Suite 1100 RICHMOND VA 23219 DARIUS A JOHNSON CHAIR 1.0 0.0 X X 0 0 0 ELIZABETH ANNE WHALLEY ESQ SECRETARY 1.0 0.0 X X 0 0 0 ERNESTO V SAMPSON TREASURER 1.0 0.0 X X 0 0 0 Stephen J Gaidos Chair-Elect 1.0 0.0 X X 0 0 0 ALEX CECIL TRUSTEE 1.0 0.0 X 0 0 0 D OSCARLYN ELDER TRUSTEE 1.0 0.0 X 0 0 0 DANNY AVULA MD TRUSTEE 1.0 0.0 X 0 0 0 DOROTHY KEE TILGHMAN RABB TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH HOPKINS TRUSTEE 1.0 0.0 X 0 0 0 ELLEN E SPONG TRUSTEE 1.0 0.0 X 0 0 0 GHULAM D QURESHI MD TRUSTEE 1.0 0.0 X 0 0 0 H FREDERICK T MOORE TRUSTEE 1.0 0.0 X 0 0 0 I LEE CHAPMAN IV TRUSTEE 1.0 0.0 X 0 0 0 J KEITH MIDDLETON TRUSTEE (THRU 06.25) 1.0 0.0 X 0 0 0 JENNIFER F FLINCHUM TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER J WOLD TRUSTEE (as of 07.24) 1.0 0.0 X 0 0 0 JUDITH FOREHAND STARKEY TRUSTEE 1.0 0.0 X 0 0 0 KATHRYN ELIZABETH JARVIS SCOTT TRUSTEE 1.0 0.0 X 0 0 0 LOUIS FORMICA DDS TRUSTEE 1.0 0.0 X 0 0 0 LOUISE WOLTZ SMITH TRUSTEE 1.0 0.0 X 0 0 0 MARLON F LEVY MD TRUSTEE-EX-OFFICIO 1.0 0.0 X 0 0 0 MICHAEL BISCEGLIA TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL RAO PHD TRUSTEE-EX-OFFICIO 1.0 0.0 X 0 0 0 MICHELE A ROMANO MD TRUSTEE 1.0 0.0 X 0 0 0 MOSES FOSTER JR TRUSTEE 1.0 0.0 X 0 0 0 NUPA AGARWAL ESQ TRUSTEE 1.0 0.0 X 0 0 0 PAUL W CROSTON TRUSTEE 1.0 0.0 X 0 0 0 PETER FARRELL TRUSTEE 1.0 0.0 X 0 0 0 RACHEL YOST TRUSTEE 1.0 0.0 X 0 0 0 ROBERT C CANFIELD TRUSTEE 1.0 0.0 X 0 0 0 ROBERT L FINDLING TRUSTEE 1.0 0.0 X 0 0 0 SHEILA A CORCORAN TRUSTEE 1.0 0.0 X 0 0 0 SHERYL L GARLAND TRUSTEE 1.0 0.0 X 0 0 0 Stephan DAVIS DNP MHSA FACH TRUSTEE (THRU 07.24) 1.0 0.0 X 0 0 0 STEPHEN MCCARTHY GODDARD TRUSTEE 1.0 0.0 X 0 0 0 SUSAN G KORNSTEIN MD TRUSTEE 1.0 0.0 X 0 0 0 T SPENCER WILLIAMSON TRUSTEE (THRU 07.24) 1.0 0.0 X 0 0 0 TRACY KEMP STALLINGS TRUSTEE 1.0 0.0 X 0 0 0 W TAYLOR REVELEY III JD TRUSTEE 1.0 0.0 X 0 0 0 WYATT S BEAZLEY IV JD TRUSTEE 1.0 0.0 X 0 0 0 BRIAN THOMAS EVP AND CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 336318 0 41932 DAVID SILVER VP FOR FINANCE & ADMINISTRATION AND CFO 40.0 0.0 X 322752 0 41575 MARGARET ANN BOLLMEIER PRESIDENT AND CEO 40.0 0.0 X 461029 0 54403 ERIC PETERS VP FOR COMMUNICATIONS 40.0 0.0 X 192932 0 27593 JULIE SEARS DIRECTOR OF FINANCIAL MGMT AND CONTROLLER 40.0 0.0 X 194459 0 27746 SARA CURRY DIRECTOR OF HUMAN RESOURCES 40.0 0.0 X 158491 0 15849 CHRISTOPHER AYERS ASSOC DIRECTOR OF FINANCIAL SYSTEMS & REPORTING 40.0 0.0 X 130489 0 17199 CRYSTAL PURYEAR SR EXECUTIVE ASSISTANT TO CEO AND PRESIDENT 40.0 0.0 X 108504 0 19150 GINA PADRONE ASSOC DIRECTOR OF TREASURY & INVESTMENT ACCTG 40.0 0.0 X 130015 0 17152 PAUL BROCKWELL SR ASSOC DIRECTOR OF COMMUNICATIONS 40.0 0.0 X 112754 0 19575 2147743 0 282174 10 false true false BROCKENBROUGH & CO INC 1802 BAYBERRY COURT SUITE 400 RICHMOND VA 23226 INVESTMENT MGMT 1090071 NAGARRO INC 1737 N FIRST STREET SAN JOSE CA 95112 IT SERVICES 556314 WORTH HIGGINS & ASSOC INC 8770 PARK CENTRAL DRIVE RICHMOND VA 23230 PRINTING 345684 THE EXPO GROUP LLC 5931 CAMPUS CIRCLE DR W IRVING TX 75063 MARKETING DISPLAY DESIGN 327000 TWO TANGO INC 2912 WEST LEIGH STREET RICHMOND VA 23230 ADVERTISING 317289 14 0 0 0 0 0 65704897 1989349 65704897 EDUCATIONAL PROGRAMS, LECTURES, SEMINARS & CLASSES 900099 2677474 2677474 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2677474 8912503 0 24569 8887934 0 0 0 0 0 0 0 0 117068 0 0 0 117068 0 117068 0 0 117068 6804013 0 0 0 6804013 0 6804013 0 0 6804013 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84215955 2677474 24569 15809015 73538488 73538488 0 0 0 0 0 0 1727159 0 1727159 0 0 0 0 0 1813763 0 1813763 0 368824 0 368824 0 745731 0 684687 61044 220538 0 220538 0 0 0 0 0 136923 0 136923 0 121098 0 121098 0 0 0 0 0 0 0 2665531 0 2665531 0 0 0 0 0 386353 0 0 386353 616571 0 523837 92734 325205 0 325205 0 0 0 0 0 0 0 0 0 2795 0 0 2795 0 0 0 0 425490 0 175028 250462 0 0 0 0 0 0 0 0 558905 0 558905 0 65383 0 65383 0 PRINTING & PUBLICATIONS 310435 0 0 310435 PUBLIC RELATIONS 205219 0 0 205219 MISCELLANEOUS 17046 0 15365 1681 FUNDRAISING PROGRAM SUPPORT 8419 0 0 8419 0 0 0 0 84259876 73538488 9402246 1319142 9956171 19728184 2006393 7805269 7088000 9136471 0 0 0 0 8343 166999 121819 192035 5598484 2295709 1389088 3302775 949606563 1018189058 0 0 1009008 970176377 1059529799 4149682 3199567 1936947 2416072 2655249 0 0 2232052 3124073 8797806 10915836 X 72848456 77467908 888530115 971146055 961378571 1048613963 970176377 1059529799 X -43921 87062904 216409 X false true true false X 53161004 36038376 51160391 45038920 65704897 251103588 0 0 53161004 36038376 51160391 45038920 65704897 251103588 17913958 233189630 2478125 2223388 3474829 3809195 9029571 21015108 864525 43060 11753 37891 957229 0 0 0 0 0 0 273075925 15943121 0.85394 0.8908 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 821936000 13355000 98098000 8937000 15918000 908534000 742754000 16326000 85888000 9250000 13782000 821936000 557896000 23925000 49354000 -121855000 10276000 742754000 561091000 48864000 -36420000 15639000 557896000 386327000 32326000 162104000 19666000 561091000 0.0712 0.3955 0.5333 false false 217000 217000 2159629 1181599 978030 280696 36880 243816 1052333 303356 748977 1888826 773874 1114952 3302775 Closely-held equity interests Financial derivatives Alternative Investments 438186611 F Private Investments 275790689 F Fixed Income Securities 186016805 F Equities 109470942 F Life Income Investments 3735619 F Funds Held for Others 2656626 F Annuities 2331766 F 1018189058 Federal Income Taxes OBLIGATIONS UNDER SI AGREEMENT 1236560 DEBT SERVICE OBLIGATION LEASE LIABILITY 1887513 3124073 X 168829737 87062904 216409 87279313 81550424 2665531 0 2665531 84215955 81594345 0 0 81594345 2665531 0 2665531 84259876 Schedule D, Part IV, Line 2b Explanation of escrow agreement AGENCY LIABILITIES: THE FOUNDATION ACTS AS AN AGENT TO INVEST ENDOWMENT FUNDS OF TWO OF ITS AFFILIATE ENTITIES WITH ONE OF THE FOUNDATION'S INVESTMENT MANAGERS. THROUGH THIS AGENCY TRANSACTION, THE FOUNDATION IS ABLE TO PROVIDE ACCESS TO INVESTMENTS FOR ITS AFFILIATE ENTITIES THAT THEY MAY NOT OTHERWISE BE ABLE TO OBTAIN. Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,300 FUNDS ESTABLISHED FOR A VARIETY OF REASONS INCLUDING PATIENT CARE, LECTURESHIPS, CHAIRS AND PROFESSORSHIPS, SCHOLARSHIPS, STUDENT/FACULTY AWARDS, RESEARCH, DISEASE RELATED, PATIENT GROUP RELATED, STUDENT AID, FELLOWSHIPS, RENOVATIONS, AND UNRESTRICTED AND GENERAL PURPOSES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION FOLLOWS THE PROVISIONS OF ASC TOPIC 740-10, INCOME TAXES. MANAGEMENT HAS EVALUATED THE EFFECT OF UNCERTAIN INCOME TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO SIGNIFICANT FINANCIAL STATEMENT EXPOSURE TO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2025 AND 2024. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR ENDED JUNE 30, 2022. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN SPLIT INTEREST AGREEMENT - 216409 Central America and the Caribbean 0 0 Investments 284486190 0 0 0 0 0 0 284486190 0 284486190 false false false false false false true VCUVCU HEALTH CAMPUS PO BOX 980010 RICHMOND VA 23298 546001758 170(c)(1) 73538488 TO AID, STRENGTHEN AND EXTEND WORK OF VCU/VCU HEALTH CAMPUS (FACULTY SALARIES PAID TO VCU). EDUCATION, RESEARCH AND GENERAL EXPENSES FOR VCU/VCU HEALTH CAMPUS AND SCHOLARSHIPS AND AWARDS. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE MEDICAL COLLEGE OF VIRGINIA FOUNDATION PAYS VCU/VCU HEALTH CAMPUS FOR EXPENSES THEY HAVE PREVIOUSLY INCURRED FOR THE PURPOSE OF SPECIFIC FUNDS. EACH FUND IS MONITORED BY A SCHOOL ON THE VCU HEALTH CAMPUS AND HAS A FISCAL ADMINISTRATOR THAT AUTHORIZES PAYMENT OUT OF THE FUND. EACH FUND MUST BE AUTHORIZED BY THE APPROPRIATE PERSON IN THE SCHOOL AND THE DISBURSEMENT MUST BE FOR THE INTENDED PURPOSE OF THE FUND. IF THE EXPENSE TO BE REIMBURSED DOES NOT MEET THE CRITERIA OF THE FUND, THE MCV FOUNDATION RESERVES THE RIGHT TO DENY REIMBURSEMENT TO VCU. X true true X X X X X X false false false false false false false false false MARGARET ANN BOLLMEIER PRESIDENT AND CEO 405347 0 55682 0 0 0 46103 0 8300 0 515432 0 0 0 BRIAN THOMAS EVP AND CHIEF DEVELOPMENT OFFICER 326318 0 10000 0 0 0 33632 0 8300 0 378250 0 0 0 DAVID SILVER VP FOR FINANCE & ADMINISTRATION AND CFO 297752 0 25000 0 0 0 32275 0 9300 0 364327 0 0 0 JULIE SEARS DIRECTOR OF FINANCIAL MGMT AND CONTROLLER 189459 0 5000 0 0 0 19446 0 8300 0 222205 0 0 0 ERIC PETERS VP FOR COMMUNICATIONS 177932 0 15000 0 0 0 19293 0 8300 0 220525 0 0 0 SARA CURRY DIRECTOR OF HUMAN RESOURCES 155491 0 3000 0 0 0 15849 0 0 0 174340 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE VICE PRESIDENT OF DEVELOPMENT (FUNDRAISING) IS REIMBURSED FOR MONTHLY MEMBERSHIP DUES TO A SOCIAL CLUB IN DOWNTOWN RICHMOND THAT SERVES FOOD AND PROVIDES EVENT SPACE AND CATERING FOR FOUNDATION BUSINESS MEETINGS AND FUNDRAISING RELATED EVENTS. THE MEMBERSHIP DUES REIMBURSEMENT IS TREATED AS A NON-TAXABLE BUSINESS EXPENSE REIMBURSEMENT TO THE RECIPIENT. 122 1989349 Market value false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Contributions Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 71,712 including grants of $ 71,712)(Revenue $ 0) EQUIP., INDIGENT PATIENT CARE, & OTHER Form 990, Part VI, Line 1a Delegate broad authority to a committee The executive committee may act on behalf of the full board of trustees between regularly scheduled quarterly board meetings especially in decision making situations where time is of the essence. The executive committee is composed of the board's officers and committee chairs. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FOUNDATION 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, THE CONTROLLER, THE PRESIDENT, AND THE FINANCE COMMITTEE. THE FOUNDATION POSTS THE 990 ON ITS WEBSITE UNDER A LINK SPECIFICALLY FOR BOARD MEMBERS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The Foundation requires each member of the board to complete a conflict-of-interest statement each fiscal year. These are reviewed by management and the board's governance committee. Any disclosures are addressed with the individual immediately. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD'S PERSONNEL AND COMPENSATION COMMITTEE OVERSEES THE ANNUAL COMPENSATION REVIEW PROOCESS FOR ALL FOUNDATION STAFF. THE GRANTMAKER SALARY AND BENEFITS REPORT FROM THE COUNSEL ON FOUNDATIONS, ALONG WITH OTHER RELEVANT INDUSTRY SOURCES, ARE USED AS BENCHMARKS FOR SETTING COMPENSATION FOR THE FOUNDATION'S TOP MANAGEMENT. THE SALARY AMOUNT OF THE PRESIDENT IS DETERMINED AFTER A FORMAL REVIEW PROCESS CONDUCTED BY THE CHAIR OF THE BOARD OF TRUSTEES IN COLLABORATION WITH THE PERSONNEL AND COMPENSATION COMMITTEE. THE PROCESS INCLUDES BENCHMARKING AGAINST INDUSTRY DATA. THE BOARD OF TRUSTEES ENGAGED THE SERVICES OF AN OUTSIDE COMPENSATION CONSULTANT TO PERFORM A DETAILED BENCHMARKING ANALYSIS OF THE PRESIDENT'S COMPENSATION AND COMPENSATION FOR THE VP OF FINANCE AND ADMINISTRATION, THE EXECUTIVE VP FOR DEVELOPMENT AND THE VP FOR COMMUNICATIONS IN 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE FOUNDATION DOES ANNUAL PERFORMANCE EVALUATIONS ON EMPLOYEES. THE GRANTMAKER SALARY AND BENEFITS REPORT FROM THE COUNSEL ON FOUNDATIONS, ALONG WITH OTHER RELEVANT INDUSTRY SOURCES, ARE USED AS BENCHMARKS FOR SETTING EMPLOYEE SALARIES. THE FINAL SALARY AMOUNTS ARE BASED ON THE EMPLOYEE'S PERFORMANCE DURING THE YEAR AND THEN APPROVED BY THE PRESIDENT. THE SALARY REVIEW PROCESS INCLUDES BENCHMARKING AGAINST INDUSTRY DATA. THE BOARD OF TRUSTEES ENGAGED THE SERVICES OF AN OUTSIDE COMPENSATION CONSULTANT TO PERFORM A DETAILED BENCHMARKING ANALYSIS OF THE PRESIDENT'S COMPENSATION AND COMPENSATION FOR THE VP OF FINANCE AND ADMINISTRATION, THE EXECUTIVE VP FOR DEVELOPMENT AND THE VP FOR COMMUNICATIONS IN 2024. Form 990, Part VI, Line 19 Required documents available to the public MCV FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND BY WRITTEN REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN SPLIT INTEREST AGREEMENT - 216409; Total - 216409; FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED. MCVF HOLDINGS LLC PO BOX 980234 RICHMOND VA 23298 546053660 REAL ESTATE VA 0 0 MCVF