Jefferson Scholars Foundation

Tax-deductible

Charlottesvle, VA501(c)(3)Since 1998Foundations & GrantmakersEIN 31-1755873Revenue $36.6M in FY2025

On file with the IRSjeffersonscholars.org112 Clarke CT, 22903-3004 · Charlottesvle, VATax-exempt since Mar 2001Publicly supported charity — 170(b)(1)(A)(vi)

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The Jefferson Scholars Foundation (Foundation) provides academic merit-based scholarship, fellowship and professorship support to students and faculty at the university of virginia (uva).

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 1,159 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.3M a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.9M
to officers and key staff · 7% of spending
Top officer’s pay higher than 99% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$93.5M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.6M
+11% vs prior year
Spent
$39.6M
To programs
82%
Net assets
$805.6M
By yearFY2020–FY2025
Revenue
$36.6M
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.9M
FY2021$36.6M
FY2023$33.5M
FY2024$33.2M
FY2025$36.6M
Expenses
$39.6M
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$20.5M
FY2021$25.7M
FY2023$33.9M
FY2024$32.4M
FY2025$39.6M
Net assets
$805.6M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$483.6M
FY2021$694.0M
FY2023$680.9M
FY2024$727.3M
FY2025$805.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $32.6M Management & general 10% · $4.1M Fundraising 7% · $2.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

39 people listed on the 990; $2.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President/Secretary/Treasu
$1,073,848Pt VII · Sec A
Director of Development
$336,943Pt VII · Sec A
Director of Jefferson Scholars Program and Alumni
$256,098Pt VII · Sec A
Assistant Secretary
$235,722Pt VII · Sec A
Assistant Treasurer
$206,041Pt VII · Sec A
Director, Graduate Fellows Program
$203,096Pt VII · Sec A
Director of Gift Planning
$163,451Pt VII · Sec A
Associate Director of Development
$141,088Pt VII · Sec A

James H Wright’s $1.1M as President/Secretary/Treasu is at the 99th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
James H Wright$1,073,848$1,217,967$886,765$781,858$523,276
S Patrick Ingram$336,943$325,004$304,500$273,187$269,367
Benjamin B Skipper$256,098$215,231$169,687$147,732$140,619
Helen M Dwyer$235,722$211,353$196,694$171,512$160,708
Robbyn L Callahan$206,041$163,910$157,517$133,775$117,941
Jamala Massenburg$203,096————
Michael E Lutz———$175,944$172,569
Kevin E Murray$163,451$156,936$148,259$135,671$133,319

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Jefferson Scholars Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides academic scholarships, fellowships, and professorships to University of Virginia students and faculty.

Provided by the organization

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1 program · $32.6M · in their own filed words · FY2024
01

Scholarship, fellowship and professorship program in support of UVA.THE foundation awards academic merit-based scholarships to undergraduates that cover the full estimated cost of attending uva for four years. The foundation also awards academic merit-based, graduate fellowships to PHD and mba candidates and to national fellows.

$32.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$45K
Grants paid · 30 grants · $69.7M · 2019–2024
Unitemized GrantFY2024$9,447,029
Unitemized GrantFY2024$3,227,348
Unitemized GrantFY2024$2,968,520
Unitemized GrantFY2024$2,443,017
Unitemized GrantFY2024$412,659
Unitemized GrantFY2024$103,518
Unitemized GrantFY2023$8,516,651
Unitemized GrantFY2023$3,008,020
Unitemized GrantFY2023$2,411,368
Unitemized GrantFY2023$1,670,760
Unitemized GrantFY2023$384,715
Unitemized GrantFY2023$82,000
Unitemized GrantFY2022$7,497,001
Unitemized GrantFY2022$2,465,221
Unitemized GrantFY2022$1,926,519
Unitemized GrantFY2022$1,507,375
Unitemized GrantFY2022$261,251
Unitemized GrantFY2022$88,000
See all 30 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$36.6M
Ln 12
Gifts and grantsLn 1h$36.3M
Investment incomeLn 3$563K
Money outPt IX
$39.6M
Ln 25
Programscol B$32.6M
Managementcol C$4.1M
Fundraisingcol D$2.9M
Owns and owesPt X
$805.6M
net assets · Ln 32
Cash and savingsLn 1–2$28.0M
Total assetsLn 16$899.1M
LiabilitiesLn 26$93.5M
PeoplePt VI, VII
39
listed · VII A
PaidVII A10
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36.3M
Noncash giftsLn 1g$6.3M
Investment incomeLn 3$563K
Gains on assetsLn 7−$83K
Total revenueLn 12$36.6M
Assets in detailPt X, end of year
SavingsLn 2$28.0M
Cash and savings togetherLn 1–2$28.0M
InvestmentsLn 11–13$671.4M
Land, buildings, equipmentLn 10c$19.5M
Other assetsLn 15$115.5M
Total assetsLn 16$899.1M
LiabilitiesLn 26$93.5M
Net assetsLn 32$805.6M
OperationsPt I, VI
EmployeesI 519
VolunteersI 61,159
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$27.2M$28.0M
InvestmentsLn 11–13$603.7M$671.4M
Land, buildings, equipmentLn 10c$19.0M$19.5M
Total assetsLn 16$813.0M$899.1M
LiabilitiesLn 26$85.8M$93.5M
Net assetsLn 32$727.3M$805.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$26.2M$26.2M
Grants and assistance to foreign recipientsLn 3$777K$777K
Pay of current officers, directors and key staffLn 5$3.0M$697K$913K$1.4M
Other salaries and wagesLn 7$1.3M$643K$383K$230K
Pension plan contributionsLn 8$415K$129K$127K$158K
Other employee benefitsLn 9$531K$149K$109K$273K
Payroll taxesLn 10$239K$77K$73K$89K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$50K$50K
Investment management feesLn 11f$1.6M$1.6M
Other fees for servicesLn 11g$65K$13K$39K$13K
Office expensesLn 13$264K$116K$79K$69K
Information technologyLn 14$211K$70K$70K$70K
OccupancyLn 16$853K$630K$84K$138K
TravelLn 17$210K$6K$4K$200K
Conferences, conventions and meetingsLn 19$114K$114K
InterestLn 20$1.1M$841K$126K$131K
Depreciation, depletion and amortizationLn 22$942K$721K$108K$112K
InsuranceLn 23$146K$146K
Other expenses (24a–d)Ln 24$1.6M$1.5M$66K$41K
All other expensesLn 24e$31K$31K
Total functional expensesLn 25$39.6M$32.6M$4.1M$2.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $36.6M$39.6M−$2.9M$805.6M 990 PDF
FY2024 $33.2M$32.4M$755K$727.3M 990 PDF
FY2023 $33.5M$33.9M−$428K$680.9M 990 PDF
FY2022 Not on file
FY2021 $36.6M$25.7M$10.9M$694.0M 990 PDF
FY2020 $18.9M$20.5M−$1.7M$483.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $36,641,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,723,055$36,265,524
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $842,581$563,355
I-11 Other revenuePrior year −$414,270−$187,197
I-12 Total revenuePrior year $33,151,366$36,641,682
I-13 Grants and similar amounts paidPrior year $19,820,294$26,993,115
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,276,389$5,414,686
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,299,336$7,173,341
I-18 Total expensesPrior year $32,396,019$39,581,142
I-19 Revenue less expensesPrior year $755,347−$2,939,460
Part VI · Governance 29 of 29 board members independent, no flags
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $36,641,682 across 8 lines filed
VIII-1f All other contributions, gifts and grants$36,265,524
VIII-1g Noncash contributions (included above)$6,284,847
VIII-1h Total contributions, gifts and grants$36,265,524
VIII-3 Investment incomeUnrelated business $160,779 · Excluded from tax $485,265$646,044
VIII-6 Net rental income or lossUnrelated business −$418,752 · Excluded from tax $2,791−$415,961
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$82,689−$82,689
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $228,764$228,764
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$257,973 · Excluded from tax $634,131$36,641,682
Part IX · Statement of functional expenses $39,581,142 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $26,215,730$26,215,730
IX-3 Grants and assistance to foreign recipientsPrograms $777,385$777,385
IX-5 Pay of current officers, directors and key staffPrograms $697,345 · Management $912,925 · Fundraising $1,362,691$2,972,961
IX-7 Other salaries and wagesPrograms $642,871 · Management $383,101 · Fundraising $229,997$1,255,969
IX-8 Pension plan contributionsPrograms $129,416 · Management $127,398 · Fundraising $158,302$415,116
IX-9 Other employee benefitsPrograms $148,704 · Management $109,471 · Fundraising $273,235$531,410
IX-10 Payroll taxesPrograms $76,956 · Management $73,052 · Fundraising $89,222$239,230
IX-11b Legal feesManagement $7,618$7,618
IX-11c Accounting feesManagement $50,000$50,000
IX-11f Investment management feesManagement $1,559,838$1,559,838
IX-11g Other fees for servicesPrograms $13,482 · Management $38,745 · Fundraising $12,504$64,731
IX-13 Office expensesPrograms $116,138 · Management $78,940 · Fundraising $69,182$264,260
IX-14 Information technologyPrograms $70,447 · Management $70,447 · Fundraising $70,447$211,341
IX-16 OccupancyPrograms $630,036 · Management $84,083 · Fundraising $138,476$852,595
IX-17 TravelPrograms $5,508 · Management $4,362 · Fundraising $199,971$209,841
IX-19 Conferences, conventions and meetingsManagement $114,465$114,465
IX-20 InterestPrograms $840,696 · Management $126,390 · Fundraising $130,702$1,097,788
IX-22 Depreciation, depletion and amortizationPrograms $721,368 · Management $108,450 · Fundraising $112,150$941,968
IX-23 InsuranceManagement $145,630$145,630
IX-24 Other expenses (24a–d)Programs $1,514,967 · Management $66,163 · Fundraising $41,238$1,622,368
IX-24e All other expensesManagement $30,898$30,898
IX-25 Total functional expensesPrograms $32,601,049 · Management $4,091,976 · Fundraising $2,888,117$39,581,142
Part X · Balance sheet $899,123,680 assets, 17 lines filed
Asset lines not itemized here account for $3,735,500; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $27,187,877$27,998,191
X-3 Pledges and grants receivableStart of year $62,430,402$60,227,452
X-9 Prepaid expenses and deferred chargesStart of year $705,155$771,468
X-10c Land, buildings and equipment, netStart of year $19,028,942$19,527,712
X-12 Other securitiesStart of year $603,671,960$671,387,258
X-15 Other assetsStart of year $96,327,962$115,476,099
X-16 Total assetsStart of year $813,049,948$899,123,680
X-17 Accounts payable and accrued expensesStart of year $821,760$803,584
X-18 Grants payableStart of year $49,434,202$57,064,961
X-20 Tax-exempt bond liabilitiesStart of year $22,500,000$22,500,000
X-24 Unsecured notes and loans payableStart of year $9,769,530$9,610,425
X-25 Other liabilitiesStart of year $3,237,810$3,524,407
X-26 Total liabilitiesStart of year $85,763,302$93,503,377
X-27 Net assets without donor restrictionsStart of year $22,353,951$25,369,041
X-28 Net assets with donor restrictionsStart of year $704,932,695$780,251,262
X-32 Total net assets or fund balancesStart of year $727,286,646$805,620,303
X-33 Total liabilities and net assetsStart of year $813,049,948$899,123,680
Part XI · Reconciliation of net assets $805,620,303 net assets at year end
XI-1 Total revenue$36,641,682
XI-2 Total expenses$39,581,142
XI-3 Revenue less expenses−$2,939,460
XI-4 Net assets at start of year$727,286,646
XI-5 Net unrealized gains (losses) on investments$75,438,368
XI-9 Other changes in net assets$5,834,749
XI-10 Net assets at end of year$805,620,303

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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