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Virginia · Nonprofit

VCU INVESTMENT MANAGEMENT COMPANY

VCU INVESTMENT MANAGEMENT COMPANY (Virginia) receives grants from 1 organization whose IRS filings report $46 to it, the largest being AMAZONSMILE FOUNDATION ($46). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$4.1M
Funders on record
1
Grants received
$46
Net assets
$2.1M
1/1 repeat funderspeak grant-dependency 0%
01What it does

What Vcu Investment Management Company does

Mission

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 vcu operating in support of its mission.

As stated on its FY2025 Form 990.

Program

  1. Investment management services

    $3,567,795 spent$4,086,556 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $3,567,795.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.6M) Expenses 100 ($1.3M) Net assets -550 ($-817335)2018 Revenue 147 ($2.3M) Expenses 157 ($2.1M) Net assets -417 ($-620577)2019 Revenue 182 ($2.9M) Expenses 182 ($2.5M) Net assets -135 ($-201345)2020 Revenue 172 ($2.7M) Expenses 176 ($2.4M) Net assets 100 ($149k)2021 Revenue 211 ($3.3M) Expenses 207 ($2.8M) Net assets 469 ($697k)2022 Revenue 244 ($3.9M) Expenses 214 ($2.9M) Net assets 1119 ($1.7M)2023 Revenue 224 ($3.5M) Expenses 262 ($3.5M) Net assets 1126 ($1.7M)2024 Revenue 237 ($3.7M) Expenses 265 ($3.6M) Net assets 1247 ($1.9M)2025 Revenue 259 ($4.1M) Expenses 288 ($3.9M) Net assets 1383 ($2.1M)
'17'18'19'20'21'22'23'24'25
Revenue (259)Expenses (288)Net assets (1383)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $3.5M to $4.1M (+18%).

$607k
$1.2M
$1.5M
$1.7M
$2.2M
$2.8M
$3.2M
$3.5M
$4.1M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of VCU INVESTMENT MANAGEMENT COMPANY’s revenue is contributions — more earned-revenue than three-quarters of its peers (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$232k
’17
$197k
’18
$419k
’19
$350k
’20
$549k
’21
$966k
’22
$11k
’23
$179k
’24
$203k
’25
10
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Bruce Macdonald

CEO and cio

Board chair

John Luke Jr

Chairman

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2024 and FY2025 filings.

'17'18'19'20'21'22'23'24'25
Listed131618181817181818
Joined·+3+2+4+2+3+2+2+4
No longer listed·00424124
03Who funds it

Who funds it, year by year

2022 → 2023: the base held at 1 funder, grant income rose $19 → $27.

Funder
'22
'23
total
funders
1
1

1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of VCU INVESTMENT MANAGEMENT COMPANY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of VCU INVESTMENT MANAGEMENT COMPANY's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $46 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

VCU INVESTMENT MANAGEMENT COMPANY holds deeper cash reserves than three-quarters of the 9,398 education nonprofits its size.

Operating margin5% · above the median
Months of reserve10.2mo · top quartile
Revenue growth (annualized)13% · above the median

this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025

Organizations like VCU INVESTMENT MANAGEMENT COMPANY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

92% of spending goes to programs.

Program 92%Management 8%Fundraising 0%

Governance

12
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

VA

Part of a family of 2 related entities

  • Ram Fund Gp LLC · disregarded
  • Ram Private Asset Fund Gp LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for VCU INVESTMENT MANAGEMENT COMPANY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds VCU INVESTMENT MANAGEMENT COMPANY?
VCU INVESTMENT MANAGEMENT COMPANY (Virginia) receives grants from 1 organization whose IRS filings report $46 to it, the largest being AMAZONSMILE FOUNDATION ($46). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does VCU INVESTMENT MANAGEMENT COMPANY have?
IRS filings report 1 organization giving $46 in grants to VCU INVESTMENT MANAGEMENT COMPANY, 1 of which have funded it in more than one year.
Who is the largest funder of VCU INVESTMENT MANAGEMENT COMPANY?
AMAZONSMILE FOUNDATION is the largest funder on record, with $46 in grants. The full list of funders is on this page.
How can an organization like VCU INVESTMENT MANAGEMENT COMPANY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Vcu Investment Management Company →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing