VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF BUSINESS FOUNDATION (EIN 20-2661802)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2013-11-14
IRS object ID: 201343189349302249
Schema version: 2012v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-14T10:51:43-06:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	540565834	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MITCHELL WIGGINS & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1802 BAYBERRY COURT SUITE 300	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	23226	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	202661802	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA COMMONWEALTH UNIVERSITY	BusinessNameLine1
Business Name Line2	SCHOOL OF BUSINESS FOUNDATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	VIRG	NameControl
Phone	8048281487	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	301 WEST MAIN STREET PO BOX 844000	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	232844000	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	KAREN EMMETT COLEMAN	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	8048281487	Phone
Date Signed	2013-11-12	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	M JAMES HARTSON JR CPA	Name
PTIN	P00590214	PTIN
Phone	8042826000	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	KAREN EMMETT COLEMAN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	301 WEST MAIN STREET PO BOX 844000	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	232844000	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	18832554	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.BUSINESS.VCU.EDU	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2005	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	THE FOUNDATION SUPPORTS AND PROMOTES THE ACTIVITIES AND MISSION OF THE SCHOOL OF BUSINESS AT VIRGINIA COMMONWEALTH UNIVERSITY. IT SOLICITS, MANAGES AND DISTRIBUTES ASSETS FOR PROGRAMS WITHIN THE SCHOOL OF BUSINESS. THROUGH THOSE ACTIVITIES, IT PROVIDES RESOURCES TO EDUCATE STUDENTS, ACHIEVE TEACHING EXCELLENCE, AND PROMOTE SCHOLARLY RESEARCH.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	34	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	34	NbrIndependentVotingMembers
Total Nbr Employees	13	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	975406	ContributionsGrantsPriorYear
Contributions Grants Current Year	2641618	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	937454	ProgramServiceRevenuePriorYear
Program Service Revenue CY	2818577	ProgramServiceRevenueCY
Investment Income Prior Year	772111	InvestmentIncomePriorYear
Investment Income Current Year	1216512	InvestmentIncomeCurrentYear
Other Revenue Prior Year	684484	OtherRevenuePriorYear
Other Revenue Current Year	4744345	OtherRevenueCurrentYear
Total Revenue Prior Year	3369455	TotalRevenuePriorYear
Total Revenue Current Year	11421052	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	2399785	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	2736191	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	163726	SalariesEtcPriorYear
Salaries Etc Current Year	58142	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2001743	OtherExpensePriorYear
Other Expenses Current Year	3638373	OtherExpensesCurrentYear
Total Expenses Prior Year	4565254	TotalExpensesPriorYear
Total Expenses Current Year	6432706	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-1195799	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	4988346	RevenuesLessExpensesCY
Total Assets BOY	76784320	TotalAssetsBOY
Total Assets EOY	83127247	TotalAssetsEOY
Total Liabilities BOY	58112328	TotalLiabilitiesBOY
Total Liabilities EOY	55148573	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	18671992	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	27978674	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE MISSION OF THE FOUNDATION IS TO ASSIST, SUPPORT AND FOSTER THE ACTIVITIES AND MISSION OF THE SCHOOL OF BUSINESS AT VIRGINIA COMMONWEALTH UNIVERSITY. IT SOLICITS, MANAGES AND DISTRIBUTES ASSETS TO BENEFIT PROGRAMS IN THE SCHOOL OF BUSINESS. IT ALSO OWNS PROPERTY WHICH IS LEASED TO VIRGINIA COMMONWEALTH UNIVERSITY TO BE USED FOR SCHOOL OF BUSINESS CLASSES AND ACTIVITIES.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	3567889	Expense
Revenue	2018414	Revenue
Description	THE VCU SCHOOL OF BUSINESS FOUNDATION OWNS NONRESIDENTIAL REAL ESTATE AND LAND. THAT PROPERTY IS LEASED TO VIRGINIA COMMONWEALTH UNIVERSITY FOR $1 PER YEAR, UNDER A LEASE AGREEMENT WHICH EXPIRES IN 2031, FOR THE PURPOSE OF HOUSING THE MAIN TEACHING AND ACTIVITY FACILITY FOR THE SCHOOL OF BUSINESS. THE REMAINDER OF THE RENTAL INCOME IS IMPUTED. THE FOUNDATION HAS RECORDED AS A LIABILITY AN AMOUNT EQUAL TO THE ESTIMATED PRESENT VALUE OF THE FUTURE RENTAL VALUE OF THE FACILITY OVER THE INITIAL LEASE TERM LESS THE $1 ANNUAL RENT PAYMENT. THE FOUNDATION INCURS INTEREST, DEPRECIATION, AMORTIZATION AND LEGAL EXPENSES WITH REGARDS TO THIS ACTIVITY.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	2103997	Expense
Grants	2736191	Grants
Revenue	4281870	Revenue
Description	THE VCU SCHOOL OF BUSINESS FOUNDATION SUPPORTS PROGRAMMATIC INITIATIVES OF THE SCHOOL OF BUSINESS PRIMARILY BY MANAGING INVESTED FUNDS AND ADMINISTERING THE DISTRIBUTION OF ANNUAL GIFTS, ENDOWMENT AND QUASI-ENDOWMENT FUNDS. THESE PROGRAMS INCLUDE: ENDOWED CHAIRS AND PROFESSORSHIPS, PROVIDING MERIT SCHOLARSHIPS TO MORE THAN 55 STUDENTS ANNUALLY, DEPARTMENTAL SUPPORT OF FACULTY DEVELOPMENT, STUDENT DEVELOPMENT ACTIVITIES, AS WELL AS RESEARCH SUPPORT AND ASSISTANTSHIPS.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	760820	Expense
Revenue	800163	Revenue
Description	THE VCU SCHOOL OF BUSINESS FOUNDATION ASSISTS AND SUPPORTS VIRGINIA COMMONWEALTH UNIVERSITY'S SCHOOL OF BUSINESS BY PROVIDING EDUCATIONAL CONFERENCES AND NONCREDIT BEARING COURSES FOR MEMBERS OF THE SCHOOL AND COMMUNITY. THESE TYPES OF ACTIVITIES INCLUDE EXECUTIVE EDUCATION COURSES IN LEADERSHIP SKILLS, TECHNICAL TRAINING IN BUSINESS AREAS SUCH AS SIX SIGMA, PROFESSIONAL EXAM REVIEW COURSES AND INDUSTRY CONFERENCES FOR REAL ESTATE, RISK & INSURANCE AND INTERNATIONAL BUSINESS. ANY PROCEEDS FROM CONFERENCES AND NONCREDIT BEARING COURSE REGISTRATIONS THAT EXCEED THE COST OF THE PROGRAMS ARE USED TO SUPPORT PROGRAMMATIC INITIATIVES WITHIN THE SCHOOL OF BUSINESS.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	6432706	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	1	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	0	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	17	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	13	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	1	QuidProQuoContributions
Quid Pro Quo Disclosure	1	QuidProQuoDisclosure
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	34	NbrVotingGoverningBodyMembers
Number Independent Voting Members	34	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	KAREN EMMETT COLEMAN	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	8048281487	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	301 WEST MAIN STREET POST OFFICE	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	232844000	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (34 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
G GILMER MINOR III
TRUSTEE	1.00	X	0	0	0
CHARLES F PHILLIPS III
TRUSTEE	1.00	X	0	0	0
STEVEN A MARKEL
CHAIRMAN	2.00	X	0	0	0	X
ROBERT E HENLEY
TREASURER	2.00	X	0	0	0	X
JAMES A BUZZARD
TRUSTEE	1.00	X	0	0	0
L DANS CALLANS JR
TRUSTEE	1.00	X	0	0	0
PHYLLIS L COTHRAN
TRUSTEE	1.00	X	0	0	0
JOSEE G COVINGTON
TRUSTEE	1.00	X	0	0	0
RICHARD CULLEN
TRUSTEE	1.00	X	0	0	0
T KENT COX
TRUSTEE	1.00	X	0	0	0
NANCY C EVERETT
TRUSTEE	1.00	X	0	0	0
CHARLES H FOSTER JR
TRUSTEE	1.00	X	0	0	0
MARK M GAMBILL
TRUSTEE	1.00	X	0	0	0
WILLIAM M GINTHER
TRUSTEE	1.00	X	0	0	0
A WILLIAM HAMILL
TRUSTEE	1.00	X	0	0	0
GAIL L LETTS
TRUSTEE	1.00	X	0	0	0
ALLEN B KING
TRUSTEE	1.00	X	0	0	0
JOHN P MCCANN
TRUSTEE	1.00	X	0	0	0
JAMES V MEATH
TRUSTEE	1.00	X	0	0	0
THURSTON R MOORE ESQUIRE
TRUSTEE	1.00	X	0	0	0
DR JOHN R NELSON
TRUSTEE	1.00	X	0	0	0
S BUFORD SCOTT
TRUSTEE	1.00	X	0	0	0
ROBERT C SLEDD
TRUSTEE	1.00	X	0	0	0
THOMAS G SNEAD JR
TRUSTEE	1.00	X	0	0	0
BAXTER F PHILLIPS JR
TRUSTEE	1.00	X	0	0	0
ERIC P WHITTLETON
TRUSTEE	1.00	X	0	0	0
DR MICHEAL RAO
EX-OFFICIO	2.00	X	0	0	0
DAVID J STIRRUP
EX-OFFICIO	1.00	X	0	0	0
ED GRIER
EX-OFFICIO	1.00	X	0	0	0
HARRY R THALHIMER
TRUSTEE	1.00	X	0	0	0
DR PAMELA K ROYALL
TRUSTEE	1.00	X	0	0	0
GREGORY H WINGFIELD
TRUSTEE	1.00	X	0	0	0
KAREN EMMETT COLEMAN
SECRETARY	2.00	X	0	0	0	X
TONYA S MALLORY
TRUSTEE	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
All Other Contributions	2641618	AllOtherContributions
Noncash Contributions	15592	NoncashContributions
Total Contributions	2641618	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENT INCOME - V.C.U.	531120	2018414	2018414
NON CREDIT COURSE REVENUE	611310	800163	800163

Field	Value	IRS element (for citing)
Total Program Service Revenue	2818577	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	753409	TotalRevenueColumn
Exclusion	$753,409	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	7872742	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	7409639	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	463103	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	463103	TotalRevenueColumn
Exclusion	$463,103	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	2574	GrossSalesOfInventory
Cost Of Goods Sold	1863	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	711	TotalRevenueColumn
Related Or Exempt Function Income	711	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
TRANSFERS FROM VCU FOUNDATION	900099	4273012	4273012
INCOME FROM PASSTHROUGH ENTITIES	900099	462475		$462,475
MISCELLANEOUS	900099	8147	8147

Field	Value	IRS element (for citing)
Total Other Revenue	4743634	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	11421052	TotalRevenueColumn
Related Or Exempt Function Income	7100447	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$1,678,987	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	2736191	Total
Program Services	2736191	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	54010	Total
Program Services	54010	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	4132	Total
Program Services	4132	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	18250	Total
Program Services	18250	ProgramServices

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	129230	Total
Program Services	129230	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	10838	Total
Program Services	10838	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	500	Total
Program Services	500	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	1089225	Total
Program Services	1089225	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1351646	Total
Program Services	1351646	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	15319	Total
Program Services	15319	ProgramServices

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
COURSE MATERIALS & RELA	760820	760820
OTHER EXPENSES	210337	210337
BAD DEBTS	52208	52208

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6432706	Total
Program Services	6432706	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1066115	BOY
EOY	2203317	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	3060463	BOY
EOY	7177424	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	1804838	BOY
EOY	1437017	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	104889	BOY
EOY	104527	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	43701160	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	7313823	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	37727274	BOY
EOY	36387337	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	17083556	BOY
EOY	19910864	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	15670905	BOY
EOY	15621735	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	266280	BOY
EOY	285026	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	76784320	BOY
EOY	83127247	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	33371796	BOY
EOY	31234577	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	24715300	BOY
EOY	23823904	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	25232	BOY
EOY	90092	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	58112328	BOY
EOY	55148573	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4775337	BOY
EOY	7407058	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	5979771	BOY
EOY	11899258	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	7916884	BOY
EOY	8672358	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	18671992	BOY
EOY	27978674	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	76784320	BOY
EOY	83127247	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	4988346	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	2930419	ReconciliationUnrealizedInvest
Reconcilation Other Changes	1387917	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	1	AuditCommittee
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	833722	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	986068	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1002115	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	975406	CurrentTaxYearMinus1Year
Current Tax Year	2641618	CurrentTaxYear
Total	6438929	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	833722	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	986068	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1002115	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	975406	CurrentTaxYearMinus1Year
Current Tax Year	2641618	CurrentTaxYear
Total	6438929	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	1466941	AmountsSubstContributorsTotal
Public Support Total170	4971988	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	497333	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	515586	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	446707	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	569182	CurrentTaxYearMinus1Year
Current Tax Year	753409	CurrentTaxYear
Total	2782217	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	2736	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1343	CurrentTaxYearMinus1Year
Current Tax Year	8147	CurrentTaxYear
Total	12226	Total

Field	Value	IRS element (for citing)
Total Support	9233372	TotalSupport
Gross Receipts From Admissions Etc	15341203	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.53850	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.54390	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	35098689	BeginningOfYearBalance
Contributions	275853	Contributions
Investment Earnings Or Losses	4126670	InvestmentEarningsOrLosses
Other Expenditures	2125728	OtherExpenditures
Administrative Expenses	129230	AdministrativeExpenses
End Of Year Balance	37246254	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	37303721	BeginningOfYearBalance
Contributions	280740	Contributions
Investment Earnings Or Losses	281770	InvestmentEarningsOrLosses
Other Expenditures	2666023	OtherExpenditures
Administrative Expenses	101519	AdministrativeExpenses
End Of Year Balance	35098689	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	34825186	BeginningOfYearBalance
Contributions	376638	Contributions
Investment Earnings Or Losses	4654591	InvestmentEarningsOrLosses
Other Expenditures	2472506	OtherExpenditures
Administrative Expenses	80188	AdministrativeExpenses
End Of Year Balance	37303721	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	34706788	BeginningOfYearBalance
Contributions	417537	Contributions
Investment Earnings Or Losses	2445804	InvestmentEarningsOrLosses
Other Expenditures	2673249	OtherExpenditures
Administrative Expenses	71694	AdministrativeExpenses
End Of Year Balance	34825186	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	40465377	BeginningOfYearBalance
Contributions	257214	Contributions
Investment Earnings Or Losses	-4595437	InvestmentEarningsOrLosses
Other Expenditures	1348672	OtherExpenditures
Administrative Expenses	71694	AdministrativeExpenses
End Of Year Balance	34706788	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.61610	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.23280	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.15110	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	0	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3503036	OtherCostOrOtherBasis
Book Value	3503036	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	40198124	OtherCostOrOtherBasis
Depreciation	7313823	Depreciation
Book Value	32884301	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	36387337	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (9 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
BARLOW PARNTERS OFFSHORE LTD	2673135	F
PROPERTY HOLDINGS V	1201688	F
GERBER/TAYLOR OFFSHORE	2912919	F
1607 INTERNATIONAL EQUITY FUND, LP	2140313	F
CITY OF LONDON	1209333	F
WINSTON GLOBAL PARTNERS	1496752	F
POINTER OFFSHORE LIMITED	2518055	F
ELLIOTT INTERNATIONAL	150885	F
PROPERTY HOLDINGS VI	1318655	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	15621735	TotalOfBookValueSecurities
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	15741251	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	2930419	NetUnrealizedGainsInvestments
Other Revenues	1852255	OtherRevenues
Revenue Not Rptd F990	4782674	RevenueNotRptdF990
Revenue Subtotal	10958577	RevenueSubtotal
Other Revenues Not Included	462475	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	462475	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	11421052	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	6434569	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	1863	OtherExpensesIncluded
Expenses Not Rptd F990	1863	ExpensesNotRptdF990
Expenses Subtotal	6432706	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	6432706	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:	PART V, LINE 4:	VARIOUS ENDOWMENTS HAVE BEEN CREATED TO SUPPORT THE FOUNDATION AND ITS MISSION. THE ENDOWMENTS PROVIDE SCHOLARSHIPS, SUPPORT ENDOWED CHAIRS, SUPPORT PROGRAMS AND OTHER INITIATIVES RELATED TO THE SCHOOL OF BUSINESS.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X, LINE 2:	MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAD NO SIGNIFICANT FINANCIAL EXPOSURE TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013. THE TAX YEARS OF 2010 TO 2012 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. THE ORGANIZATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN OPERATING EXPENSES. THE ORGANIZATION DID NOT HAVE PENALTIES AND INTEREST EXPENSES FOR THE YEAR ENDED JUNE 30, 2013.
PART XI, LINE 2D - OTHER ADJUSTMENTS:		COST OF GOODS SOLD EXPENSE NETTED WITH REVENUE 1,863. UNREALIZED GAIN ON INTEREST RATE SWAP 1,850,392.
PART XI, LINE 4B - OTHER ADJUSTMENTS:		INCOME FROM PASSTHROUGH ENTITIES 462,475.
PART XII, LINE 2D - OTHER ADJUSTMENTS:		COST OF GOODS SOLD EXPENSE NETTED WITH REVENUE 1,863.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	0	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA COMMONWEALTH UNIVERSITY	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	912 W FRANKLIN STREET	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	232843035	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	546001758	EINOfRecipient
IRC Section	115	IRCSection
Amount Of Cash Grant	1609173	AmountOfCashGrant
Amount Of Non Cash Assistance	1127018	AmountOfNonCashAssistance
Description Of Non Cash Assistance	PRESENT VALUE ADJUSTMENT FOR ACCRUED CONTRIBUTION TO VCU FOR FUTURE RENT	DescriptionOfNonCashAssistance
Purpose Of Grant	ASSISTANCE IS PROVIDED IN ORDER TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY.	PurposeOfGrant

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS REVIEWED AND DISCUSSED BY THE MEMBERS OF THE AUDIT COMMITTEE PRIOR TO FILING. THE FORM IS MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY AFTER THE ADUIT COMMITTEE HAS GIVEN APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT IN ORDER TO DISCLOSE THE EXISTENCE OF ANY CONFLICTS. THE DISCLOSURES ARE REVIEWED BY THE NOMINATIONS AND GOVERNANCE COMMITTEE OF THE BOARD, AND ANY CONFLICTS DISCLOSED TO THE FULL BOARD NO LESS FREQUENTLY THAN ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION FOR KEY POSITIONS IS GOVERNED BY APPLICABLE POLICIES ENFORCED BY VIRGINIA COMMONWEALTH UNIVERSITY AND THE COMMONWEALTH OF VIRGINIA. COMPENSATION IS DETERMINED USING COMPARABILITY DATA, AND REVIEWED AT THE UNIVERSITY LEVEL FOR COMPLIANCE WITH EXISTING POLICIES.
FORM 990, PART VI, SECTION C, LINE 19	AUDITED FINANCIAL STATEMENTS, THE MOST RECENT FORM 990 AND GOVERNING DOCUMENTS ARE POSTED ON THE VCU SCHOOL OF BUSINESS WEBSITE. PRINTED COPIES ARE AVAILABLE BY WRITTEN REQUEST RECEIVED BY MAIL AT THE ORGANIZATION'S BUSINESS ADDRESS.
FORM 990, PART XI, LINE 9:	UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 1,850,392. BOOK/TAX DIFFERENCE INCOME FROM PASSTHROUGH ENTITIES -462,475.	CHANGES IN NET ASSETS OR FUND BALANCES:
	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.