· Public charity
Virginia Innovation Partnership Corporation
Vipc grows and diversifies virginia's economy by investing in and accelerating innovation commercialization and entrepreneurship.
What you funded, over time
By grantee IRS cause code (NTEE).
A cause breakdown isn’t shown here: 84% of VIRGINIA INNOVATION PARTNERSHIP CORPORATION’s grantee dollars fall outside its nine largest cause areas, whether because the recipient carries no IRS cause code or because its cause sits in the long tail. A chart would be mostly one residual band and misrepresent the portfolio.
Where the money goes
Your grants by size, and where they go.
By grant size · FY2025
- $10k–50k26 grants · $655k
- $50k–250k33 grants · $3.0M
- $250k+3 grants · $1.7M
| Recipient | Amount |
|---|---|
| THE RECTOR AND VISITORS OF UVA | $990,000 |
| VIRGINIA COMMONWEALTH UNIVERSITY | $370,000 |
| GEORGE MASON UNIVERSITY | $300,000 |
| ROANOKE-BLACKSBURG INNOVATION ALLIANCE DBA RAMP | $200,000 |
| WIRELESS RESEARCH CENTER OF NC | $200,000 |
| STARTWHEEL CORPORATION DBA INNOVATE HAMPTON ROADS | $200,000 |
| STARTUP VIRGINIA INC | $200,000 |
| CHARLOTTESVILLE BIO HUB | $200,000 |
| VA POLYTECHNIC INSTITUTE & STATE UNIVERSITY | $196,330 |
| LIGHTHOUSE LABS RVA INC | $100,000 |
| Individual grant recipient | $100,000 |
| OLD DOMINION UNIVERSITY RESEARCH FOUNDATION | $100,000 |
| VENTURE CENTRAL INC | $98,000 |
| JEANA BOLANOS DBA LANBO LLC | $95,000 |
| WARM HEALTH TECHNOLOGIES INC | $75,000 |
Do your dollars go where the need is?
Each grant placed by the hardship in its grantee’s ZIP, then read against the area’s typical level.
Dollar for dollar, your grants (FY21–25) land where the poverty rate runs at 12%, against an area that typically sits at 7%. 73% of your dollars go to grantees based in above-average-need neighborhoods. Most of your grants land in higher-need ZIPs.
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty linein the grantee’s ZIP, averaged from the tracts in that ZIP; grantee ZIP can differ from where services are delivered.
US grants placed by each grantee’s ZIP, which can differ from where services are actually delivered. Need from public data — U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA — shown as context about the area, never attributed to your giving.
Who you back again
Which organizations you funded more than once, and which you funded a single time. Each grantee is matched to its own filings.
116 repeat relationships — 24 still active in FY2025, 92 since wound down; 38 grantees were first funded in FY2025 (too recent to call).
How the two cohorts compare
Organizations
Total granted
Median revenue growth · since first grant
Still filing today
New vs renewed · share of each year
In FY2025, 63% of grant dollars renewed an existing relationship; $2.0M went to new ones.
Where new relationships form · theme of each grantee’s first grant
First-time = a grantee’s first year in your filing window; renewed = funded in an earlier year too. As a portfolio matures the renewed share naturally climbs — once funded, an org stays “renewable” — so the signal is the years that buck it (a new-grantee intake wave). The earliest year is left-censored: relationships that predate the data read as “new.” Theme is the grantee’s IRS cause.
Backed again, and grew
- ODOLD DOMINION UNIVERSITY RESEARCH FOUNDATION4× · 2021–2025 · $1.2M · revenue +89%
- RBROANOKE BLACKSBURG INNOVATION NETWORK4× · 2021–2025 · $700k · revenue +59%
- CBCHARLOTTESVILLE BIOHUB4× · 2022–2025 · $600k · revenue +147% · 28% of their budget
Funded once
- UOUNIVERSITY OF VIRGINIA PATENT FOUNDATIONone grant, 2024 · $250k · revenue +14%
- VCVIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATIONgraduatedone grant, 2023 · $250k · revenue +41%
- HCHANOVER COUNTY CLEAN TECHNOLOGY INNOVATION CENTERgraduatedone grant, 2024 · $200k · revenue ×49
Repeat = funded in two or more distinct years; growth and survival are read from each grantee’s own subsequent IRS filings.
The map has a center of gravity: the average direction from the rest of the sector toward the organizations the foundation funds — the shape of its giving. Scoring every nonprofit along that direction surfaces the ones that look most like the portfolio. These are the closest matchesthat aren’t grantees — a resemblance in what they say they do, not a recommendation.
To provide investment and investment management and related services to the rector and the board of visitors of virginia commonwealth university (vcu), and/or to the private and independent foundations and other entities affiliated with…
The mission of vt-arc is to extend the impact of the virginia tech research and innovation enterprise, delivering superior analytic and technology solutions to government and non-government customers.
The launch place (tlp), a venture development organization located in danville, va and in the research triangle park, nc. the launch place invests in innovative start-ups in virginia and north carolina with a potential to create economic…
The mission of the northern virginia technology council (nvtc) is to accelerate tech innovation and promote a world class workforce. nvtc connects, educates, advocates and celebrates the region's thriving tech ecosystem.
Vcet's purpose is to accelerate innovation and entrepreneurship across vermont. this is accomplished by providing expert mentoring and technical assistance, the operation of coworking/incubation facilities and the operation of early stage…
The virginia renewable energy alliance (va-rea) promotes the development, use, and commercialization of renewable energy to increase business opportunities for industry to help achieve the commonwealth's growing energy demands while also…
To promote, encourage, and market scientific research by the faculty, staff and students solely for the benefit of virginia polytechnic institute and state university (virginia tech).
To promote economic development in the charlottesville and central virginia region.
To foster and support research at west virginia university (wvu) and to provide evaluation, development, patenting, management and marketing services for inventions by the faculty, staff, and students of wvu.
Acec virginia brings together engineering firms of all sizes to provide business support and advocacy.
To offer a wide range of strategic partnerships, academia, employment and community opportunities to the state, while promoting innovation and critical thinking within our workforce. Our vision is to catalyze economic growth and improve…
For reference, the grantee most central to the portfolio’s shape is University of Virginia Patent Foundation and the most unlike its peers is Hanover County Clean Technology Innovation Center. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
Your grantees are a median of 19 years old; the field is 14. You back the established end — and your money leans older still.
The field is 24% startups (under 5 years old) — 5% of your grantees by number, and just 3% of your money.
The orgs you fund almost never close — 0.0% lost their exemption, against 14% of the field you don’t fund.
Age = years since IRS exemption (a founding proxy). “Closed” = auto-revocation for 3 years of non-filing — a floor on closure, not proof, and bigger established orgs lapse least. Association, not causation.
19 grantees tracked through their own filings, 2017–2025.
Each one resolved to its own IRS returns and tracked year by year — your grant beside their revenue from every source. Association, dated; never a causal claim.
Counted here: distinct organizations you funded across 2017–2025, not grant rows in a single year — so this will not match the grant count on the cover. 19 of the 289 grantees resolved in that span have returns of their own we could reconcile; the rest are funded organizations whose filings we could not track year by year.
Where your money sits — by cause, then by grantee
Showing your 200 largest grantees by grant value.
Each org by its size and your share of it — top-left is where you’re load-bearing
Go grantee by grantee — a decade per org, and how each moved after you funded them
A decade per grantee — revenue shaded, your grants as bars, all rows on one timeline.
- Who funds OLD DOMINION UNIVERSITY RESEARCH FOUNDATION ↗
- Who funds ROANOKE BLACKSBURG INNOVATION NETWORK ↗
- Who funds CHARLOTTESVILLE BIOHUB ↗
- Who funds STARTUP VIRGINIA INC ↗
- Who funds VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL ↗
- Who funds UNIVERSITY OF VIRGINIA PATENT FOUNDATION ↗
- Who funds VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION ↗
- Who funds 757 ACCELERATE INC ↗
- Who funds STARTWHEEL CORP ↗
- Who funds WIRELESS RESEARCH CENTER OF NORTH CAROLINA ↗
- Who funds HANOVER COUNTY CLEAN TECHNOLOGY INNOVATION CENTER ↗
- Who funds VENTURE CENTRAL INC ↗
- Who funds THE ADVANCEMENT FOUNDATION INC ↗
The grantmakers whose grantees overlap with yours far more than size alone predicts. Each orbits closer the stronger the alignment; the arcs between them show where they also fund each other. Here it reads as a tightly interlocked camp — most of these funders back each other's grantees too.
Open a dossier: Old Dominion University Research Foundation · 757 Accelerate Inc · Virginia Biotechnology Research Park Activation Capital · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. A research starting point: overlap is association, not proof of shared intent.
Government reliance of your grantees
Every dot is one organization Virginia Innovation Partnership Corporation funds. Left–right is the share of its income from government; up–down is the share from you. Bigger dots raise more. Filter to federal or a single department — and drag the year to watch it move.
Government income is each org’s traced federal awards (USASpending — grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that your grant caused the public funding. Coverage is precision-first — a floor, not a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12–24 months.