About Virginia Student Aid Foundation
Supports University of Virginia athletics through fundraising for annual funds, endowments, scholarships, facility projects and student‑athlete programs.
Focus Areas
Intercollegiate athleticsScholarshipsFacilities and capital projectsStudent‑athlete developmentEndowment support
Who They Fund
student-athletescollege/university athletic departmentshigher education institutions (academic affairs units)
Funding Style
direct financial support (scholarships)capital grants (facilities improvements)operational/general support (athletics operations)
About Virginia Student Aid Foundation
Virginia Student Aid Foundation Inc’s recent giving is built around The University of Virginia’s student-athlete scholarships and academic affairs, with three large grants of $22,833,508 in 2024, $22,628,199 in 2023, and $22,549,992 in 2025. That pattern shows a sustained, multi-year commitment rather than isolated support. The foundation also funds athletic facilities capital improvements, including a $14,119,040 grant in 2024, and athletics operational support, which appears in grants of $5,908,878 in 2024, $5,273,130 in 2025, and $4,511,553 in 2023. Its stated focus areas center on intercollegiate athletics, scholarships, facilities and capital projects, student-athlete development, and endowment support. Beneficiaries in the data include student-athletes, college and university athletic departments, and higher education institutions through academic affairs units. The grant record points to a single institutional relationship with UVA across scholarship, facility, and operating support.
What Virginia Student Aid Foundation Funds
A major share of the foundation’s giving supports student-athlete scholarships and academic affairs at The University of Virginia. That category appears as three separate grants in the record, each above $22 million, showing that the support is recurring and tied to both tuition aid and academic support for student-athletes. Another thread is athletic facilities capital improvements at UVA, including a $14,119,040 grant in 2024. The foundation also funds athletics operational support at the same institution, with grants in 2023, 2024, and 2025 that all fall in the multi-million-dollar range. Across these categories, the common recipient is UVA in Charlottesville.
How Virginia Student Aid Foundation Gives
The typical grant size is large: p25 is $7,786,765, the median is $13,769,733, and p75 is $20,500,909. The 990 record shows a regular funder structure, not a DAF, and it does not make program-related investments. The grant list also shows clear recurrence: the same recipient appears across multiple years, with awards tracked in 2023, 2024, and 2025. That pattern suggests a steady institutional funding relationship rather than one-off awards.
Financial Snapshot
Annual Giving
$38.7M
Total Assets
$184.6M
Total Revenue
$50.3M
Total Expenses
$45M
Typical Grant Size
Most grants fall between $7.8M and $20.5M, with a median of $13.8M.
25th Percentile
$7.8M
Median
$13.8M
75th Percentile
$20.5M
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
Leadership
DONNA G MAHAN
Accepts unsolicited proposals
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