Virginia · Nonprofit
VIRGINIA STUDENT AID FOUNDATION INC
VIRGINIA STUDENT AID FOUNDATION INC (Virginia) receives grants from 167 organizations whose IRS filings report $47,948,758 to it, the largest being THE COMMUNITY FOUNDATION INC ($8,052,251). 108 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $50M
- Funders on record
- 167
- Grants received
- $48M
- Net assets
- $181M
What Virginia Student Aid Foundation Inc does
Mission
The virginia athletics foundation, through its fund-raising efforts, strives to support a preeminent intercollegiate athletics program at the university of virginia by providing student-athletes theopportunity to achieve academic and athletic excellence.
As stated on its FY2024 Form 990.
Programs
The foundation's primary purpose is to provide funding for scholarships for student athletes. In 2024, 10,152 donors to the foundation, including former student-athletes,parents, alumni, fans, and businesses who recognize the value of the intercollegiate athletics experience at the university of virginia, enthusiastically provide support in a variety of ways. Through itsfund-raising efforts, the foundation provides the maximum funding for all 316.6 scholarships allowed for 25 of the 27 teams sanctioned by the ncaa at the university. Scholarships for the men's and women's squash teams are funded by a univ endowment provided by a generous donor. Today, there are approx 750 tudent-athletes participating in 27 intercollegiate programs at the university.
$22,596,239 spentof which $22,549,992 as grants57% of program spendingThe foundation raises funds on behalf of the university of virginia to finance the renovation of existing athletics facilities and the construction of new athletics facilities as identified and approved by the university. The foundation also provides funding to enhance the operational budgets of various sports at the university. These costs are determined in coordination with the university athletics department in identifying strategic priorities. Additionally, donations made to the friends of program are designated by donors to specific sports among the 14 women's and 13 men's varsity sports at the university.
$16,307,429 spentof which $16,101,689 as grants41% of program spendingTthe foundation provides informational services to its members and to the general public. In addition,it provides ancillary support to the athletics programs of the university of virginia.
$865,161 spent$746,898 earned by the program2% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $39,768,829.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $118M to $143M (+21%).
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.
Government-grant reliance: 2020 1% · 2021 1%. Grants only. Government contracts and fees sit inside program revenue.
94% of VIRGINIA STUDENT AID FOUNDATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
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
Kevin J Miller
Exec director, sec/treas
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 36 funders to 77 funders, grant income rose $1.1M → $5.3M.
51 of 167 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 65% 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 VIRGINIA STUDENT AID FOUNDATION INC’s funders (the co-funder graph). Top 30 of 167 funders by total. 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.
How concentrated its funding is
VIRGINIA STUDENT AID FOUNDATION INC has a broad base — no single funder exceeds 17% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
65% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VIRGINIA STUDENT AID FOUNDATION INC.
Largest funder’s share by year: 2017 22% · 2018 17% · 2019 48% · 2020 35% · 2021 15% · 2022 16% · 2023 15% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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.
How long its funders stay
52% of VIRGINIA STUDENT AID FOUNDATION INC's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
65% of VIRGINIA STUDENT AID FOUNDATION INC'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. Of the $17M that is directly attributable, 61% of it comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $31M arriving through sponsors registered in 21 states 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.
Against its field
VIRGINIA STUDENT AID FOUNDATION INC runs a healthier operating margin than half of the 4,065 education nonprofits its size.
this organization peer median middle 50% of peers· 4,065 education nonprofits $10M–$100M, FY2024
Organizations like VIRGINIA STUDENT AID FOUNDATION INC
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
85%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 22 states
Part of a family of 3 related entities
- Charitable Remainder Trusts (20) · corp_trust
- Charitable Remainder Trust (1) · corp_trust
- Charitable Remainder Trust (1) · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for VIRGINIA STUDENT AID FOUNDATION INC: 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.
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 VIRGINIA STUDENT AID FOUNDATION INC?
- VIRGINIA STUDENT AID FOUNDATION INC (Virginia) receives grants from 167 organizations whose IRS filings report $47,948,758 to it, the largest being THE COMMUNITY FOUNDATION INC ($8,052,251). 108 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does VIRGINIA STUDENT AID FOUNDATION INC have?
- IRS filings report 167 organizations giving $47,948,758 in grants to VIRGINIA STUDENT AID FOUNDATION INC, 108 of which have funded it in more than one year.
- Who is the largest funder of VIRGINIA STUDENT AID FOUNDATION INC?
- THE COMMUNITY FOUNDATION INC is the largest funder on record, with $8,052,251 in grants. The full list of funders is on this page.
- How can an organization like VIRGINIA STUDENT AID FOUNDATION INC 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.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 167 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 22, 2026. What this page cannot tell you · view filing