Nonprofit · EIN 54-6053660
MEDICAL COLLEGE OF VIRGINIA FOUNDATION
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $84,215,955 | $84,259,876 | -$43,921 | $1,059,529,799 | $10,915,836 | $1,048,613,963 |
| June 30, 2024 | 990 | $53,247,393 | $68,622,811 | -$15,375,418 | $970,176,377 | $8,797,806 | $961,378,571 |
| June 30, 2023 | 990 | $57,642,255 | $40,344,703 | $17,297,552 | $893,271,630 | $6,943,630 | $886,328,000 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $65,704,897
- Program service revenue
- $2,677,474
- Investment income
- $15,716,516
- Net rental income
- $117,068
- Net gain from sales of assets
- $6,804,013
- Other revenue
- $117,068
Expenses
- Grants and similar amounts paid
- $73,538,488
- Compensation of officers, directors and key employees
- $1,727,159
- Other salaries and wages
- $1,813,763
- Salaries, compensation and benefits (total)
- $4,876,015
- Professional fundraising fees
- $0
- Legal fees
- $136,923
- Accounting fees
- $121,098
- Travel
- $2,795
- Depreciation
- $558,905
- Program services (functional)
- $73,538,488
- Management and general (functional)
- $9,402,246
- Fundraising (functional)
- $1,319,142
Balance sheet and other
- Total assets, start of year
- $970,176,377
- Total assets, end of year
- $1,059,529,799
- Total liabilities, end of year
- $10,915,836
- Net assets, end of year
- $1,048,613,963
- Land, buildings and equipment
- $3,302,775
- Net assets without donor restrictions
- $77,467,908
- Net assets with donor restrictions
- $971,146,055
- Gross unrelated business income
- $24,569
- Gross receipts
- $84,215,955
- Employees
- 29
- Volunteers
- 37
- Year formed
- 1949
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARET ANN BOLLMEIER | PRESIDENT AND CEO Officer | 40 | $461,029 | $54,403 |
| BRIAN THOMAS | EVP AND CHIEF DEVELOPMENT OFFICER Officer | 40 | $336,318 | $41,932 |
| DAVID SILVER | VP FOR FINANCE & ADMINISTRATION AND CFO Officer | 40 | $322,752 | $41,575 |
| JULIE SEARS | DIRECTOR OF FINANCIAL MGMT AND CONTROLLER Key employee | 40 | $194,459 | $27,746 |
| ERIC PETERS | VP FOR COMMUNICATIONS Key employee | 40 | $192,932 | $27,593 |
| SARA CURRY | DIRECTOR OF HUMAN RESOURCES Key employee | 40 | $158,491 | $15,849 |
| CHRISTOPHER AYERS | ASSOC DIRECTOR OF FINANCIAL SYSTEMS & REPORTING Highest-paid employee | 40 | $130,489 | $17,199 |
| GINA PADRONE | ASSOC DIRECTOR OF TREASURY & INVESTMENT ACCTG Highest-paid employee | 40 | $130,015 | $17,152 |
| PAUL BROCKWELL | SR ASSOC DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $112,754 | $19,575 |
| CRYSTAL PURYEAR | SR EXECUTIVE ASSISTANT TO CEO AND PRESIDENT Highest-paid employee | 40 | $108,504 | $19,150 |
| DARIUS A JOHNSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH ANNE WHALLEY ESQ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ERNESTO V SAMPSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| Stephen J Gaidos | Chair-Elect Trustee or director, Officer | 1 | $0 | $0 |
| ALEX CECIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
35 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| D OSCARLYN ELDER | TRUSTEE Trustee or director | 1 | $0 |
| DANNY AVULA MD | TRUSTEE Trustee or director | 1 | $0 |
| DOROTHY KEE TILGHMAN RABB | TRUSTEE Trustee or director | 1 | $0 |
| ELIZABETH HOPKINS | TRUSTEE Trustee or director | 1 | $0 |
| ELLEN E SPONG | TRUSTEE Trustee or director | 1 | $0 |
| GHULAM D QURESHI MD | TRUSTEE Trustee or director | 1 | $0 |
| H FREDERICK T MOORE | TRUSTEE Trustee or director | 1 | $0 |
| I LEE CHAPMAN IV | TRUSTEE Trustee or director | 1 | $0 |
| J KEITH MIDDLETON | TRUSTEE (THRU 06.25) Trustee or director | 1 | $0 |
| JENNIFER F FLINCHUM | TRUSTEE Trustee or director | 1 | $0 |
| JENNIFER J WOLD | TRUSTEE (as of 07.24) Trustee or director | 1 | $0 |
| JUDITH FOREHAND STARKEY | TRUSTEE Trustee or director | 1 | $0 |
| KATHRYN ELIZABETH JARVIS SCOTT | TRUSTEE Trustee or director | 1 | $0 |
| LOUIS FORMICA DDS | TRUSTEE Trustee or director | 1 | $0 |
| LOUISE WOLTZ SMITH | TRUSTEE Trustee or director | 1 | $0 |
| MARLON F LEVY MD | TRUSTEE-EX-OFFICIO Trustee or director | 1 | $0 |
| MICHAEL BISCEGLIA | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL RAO PHD | TRUSTEE-EX-OFFICIO Trustee or director | 1 | $0 |
| MICHELE A ROMANO MD | TRUSTEE Trustee or director | 1 | $0 |
| MOSES FOSTER JR | TRUSTEE Trustee or director | 1 | $0 |
| NUPA AGARWAL ESQ | TRUSTEE Trustee or director | 1 | $0 |
| PAUL W CROSTON | TRUSTEE Trustee or director | 1 | $0 |
| PETER FARRELL | TRUSTEE Trustee or director | 1 | $0 |
| RACHEL YOST | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT C CANFIELD | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT L FINDLING | TRUSTEE Trustee or director | 1 | $0 |
| SHEILA A CORCORAN | TRUSTEE Trustee or director | 1 | $0 |
| SHERYL L GARLAND | TRUSTEE Trustee or director | 1 | $0 |
| Stephan DAVIS DNP MHSA FACH | TRUSTEE (THRU 07.24) Trustee or director | 1 | $0 |
| STEPHEN MCCARTHY GODDARD | TRUSTEE Trustee or director | 1 | $0 |
| SUSAN G KORNSTEIN MD | TRUSTEE Trustee or director | 1 | $0 |
| T SPENCER WILLIAMSON | TRUSTEE (THRU 07.24) Trustee or director | 1 | $0 |
| TRACY KEMP STALLINGS | TRUSTEE Trustee or director | 1 | $0 |
| W TAYLOR REVELEY III JD | TRUSTEE Trustee or director | 1 | $0 |
| WYATT S BEAZLEY IV JD | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 52 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARET ANN BOLLMEIER | PRESIDENT & CEO Officer | 40 | $438,940 | $51,644 |
| BRIAN THOMAS | VP & CHIEF DEVELOPMENT OFFICER Officer | 40 | $310,039 | $38,754 |
| DAVID SILVER | VP FOR FIN. & ADMINISTRATION Officer | 40 | $283,557 | $36,106 |
| JULIE SEARS | DIRECTOR OF FINANCIAL MGMT Key employee | 40 | $176,980 | $25,448 |
| ERIC PETERS | VP FOR COMMUNICATIONS Key employee | 40 | $154,579 | $23,208 |
| GINA PADRONE | Assoc Dir Treasury & Inv Acct Highest-paid employee | 40 | $106,933 | $14,568 |
| Paul Brockwell | Sr. Assoc Dir for Comm Highest-paid employee | 40 | $100,653 | $17,815 |
| DARIUS A JOHNSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| Stephen J Gaidos | Chair-Elect Trustee or director, Officer | 1 | $0 | $0 |
| D OSCARLYN ELDER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN KORNSTEIN MD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NUPA AGARWAL ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANNY AVULA MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WYATT S BEAZLEY IV JD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN O BECKNER RPH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BISCEGLIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH ANNE WHALLEY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE W BURKE III MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT C CANFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALEX CECIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| I LEE CHAPMAN IV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD M CLARY MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHEILA A CORCORAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL W CROSTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHAN DAVIS DNP MHSA FACHE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE P EMERSON JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER FARRELL | TRUSTEE-EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| ROBERT L FINDLING | TRUSTEE-EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| JENNIFER F FLINCHUM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOUIS FORMICA DDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOSES W FOSTER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHERYL L GARLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN MCCARTHY GODDARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH HOPKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BASIL LEONARD HURST III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J KEITH MIDDLETON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| H FREDERICK T MOORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GHULAM D QURESHI MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOROTHY KEE TILGHMAN RABB | TRUSTEE Trustee or director | 1 | $0 | $0 |
| W TAYLOR REVELEY III JD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELE A ROMANO MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNESTO V SAMPSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHRYN ELIZABETH JARVIS SCOTT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOUISE WOLTZ SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELLEN E SPONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACY KEMP STALLINGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDITH FOREHAND STARKEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD P WENZEL MD MSC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| T SPENCER WILLIAMSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RACHEL YOST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL RAO PHD | TRUSTEE-EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| MARLON F LEVY MD | TRUSTEE-EX-OFFICIO Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 49 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARET ANN BOLLMEIER | PRESIDENT & CEO Officer | 40 | $418,256 | $48,614 |
| BRIAN THOMAS | VP & CHIEF DEVELOPMENT OFFICER Officer | 40 | $298,737 | $32,081 |
| DAVID SILVER | VP FOR FIN. & ADMINISTRATION Officer | 40 | $253,452 | $28,023 |
| JULIE SEARS | DIRECTOR OF FINANCIAL MGMT Key employee | 40 | $176,421 | $18,932 |
| ERIC PETERS | VP FOR COMMUNICATIONS Highest-paid employee | 40 | $127,444 | $15,998 |
| ELLEN E SPONG | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DARIUS A JOHNSON | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| D OSCARLYN ELDER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN KORNSTEIN MD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WYATT S BEAZLEY IV JD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN O BECKNER RPH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BISCEGLIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES F BRYAN JR PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH WHALLEY BUONO JD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE W BURKE III MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT C CANFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALEX CECIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| I LEE CHAPMAN IV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD M CLARY MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHEILA A CORCORAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES F CRONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL W CROSTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE P EMERSON JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER FARRELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT L FINDLING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNIFER F FLINCHUM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOUIS FORMICA DDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOSES W FOSTER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN J GAIDOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHERYL L GARLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN MCCARTHY GODDARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH HOPKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BASIL LEONARD HURST III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J KEITH MIDDLETON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| H FREDERICK T MOORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GHULAM D QURESHI MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOROTHY KEE TILGHMAN RABB | TRUSTEE Trustee or director | 1 | $0 | $0 |
| W TAYLOR REVELEY III JD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELE A ROMANO MD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHRYN ELIZABETH JARVIS SCOTT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOUISE WOLTZ SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACY KEMP STALLINGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES H STARKEY III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDITH FOREHAND STARKEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD P WENZEL MD MSC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| T SPENCER WILLIAMSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RACHEL YOST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL RAO PHD | TRUSTEE - EX OFFICIO Trustee or director | 1 | $0 | $0 |
| MARLON F LEVY MD | TRUSTEE - EX OFFICIO Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1021 E CARY ST STE 100, RICHMOND, VA 23219-4082
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- Brian Thomas, 1021 E Cary Street Suite 1100, Richmond, VA 23219
- Signed the 990
- Brian Thomas, interim PRESIDENT & CEO
- Phone
- (804) 828-9734
- Website
- WWW.MCVFOUNDATION.ORG
- Return prepared by
- BDO USA
Mission
TO SUPPORT AND FOSTER VCU HEALTH AND VCU HEALTH SCIENCES THROUGH PHILANTHROPY, STEWARDSHIP, INNOVATION, COMMUNICATION, AND COLLABORATION.
Program accomplishments
- EDUCATION, RESEARCH, AND GENERAL EXPENSES FOR VCU HEALTH (VCU health includes the six health sciences schools, The Massey Comprehensive Cancer Center, VCU Health Hospital & Community Clinics).Expenses $44,062,523 · grants $44,062,523 · revenue $2,677,474
- TO AID, STRENGTHEN, AND EXTEND WORK OF VCU HEALTH (FACULTY SALARIES PAID TO VCU).Expenses $19,650,673 · grants $19,650,673
- SCHOLARSHIPS AND AWARDSExpenses $9,753,580 · grants $9,753,580
- EQUIP., INDIGENT PATIENT CARE, & OTHERExpenses $71,712 · grants $71,712
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6053660
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $1,059,529,799
- Income (IRS master file)
- $84,215,955
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $84,215,955 | $84,259,876 | $1,059,529,799 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $53,247,393 | $68,622,811 | $970,176,377 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $57,642,255 | $40,344,703 | $893,271,630 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $47,988,009 | $40,469,142 | $827,958,797 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-6053660).
Questions about MEDICAL COLLEGE OF VIRGINIA FOUNDATION
- What is the EIN of MEDICAL COLLEGE OF VIRGINIA FOUNDATION?
- The employer identification number (EIN) of MEDICAL COLLEGE OF VIRGINIA FOUNDATION is 54-6053660.
- Is MEDICAL COLLEGE OF VIRGINIA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to MEDICAL COLLEGE OF VIRGINIA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEDICAL COLLEGE OF VIRGINIA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEDICAL COLLEGE OF VIRGINIA FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEDICAL COLLEGE OF VIRGINIA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MEDICAL COLLEGE OF VIRGINIA FOUNDATION?
- The 990 for the year ended June 30, 2025 names Brian Thomas.
- Who are the officers and directors of MEDICAL COLLEGE OF VIRGINIA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 50 people; 10 received compensation from the organization, the highest $461,029 (MARGARET ANN BOLLMEIER, PRESIDENT AND CEO).
- How much revenue does MEDICAL COLLEGE OF VIRGINIA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $84,215,955, expenses of $84,259,876 and total assets of $1,059,529,799 at year end.
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