Solicitation of public contributions on behalf of member colleges. Provides foundations, businesses, and individuals a convenient way of supporting small colleges and universities in Virginia.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 19 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
4
named funders · $71K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43K
-78% vs prior year
Spent
$601K
To programs
95%
Net assets
$0
By yearFY2021–FY2026
Revenue
$43K
FY2026▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2021$533K
FY2022$699K
FY2023$1.0M
FY2024$595K
FY2025$192K
FY2026$43K
Expenses
$601K
FY2026▲ +175%
Tap a bar for its year
Expenses by fiscal year
FY2021$542K
FY2022$643K
FY2023$682K
FY2024$406K
FY2025$219K
FY2026$601K
Net assets
$0
FY2026▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$7K
FY2022$63K
FY2023$396K
FY2024$584K
FY2025$558K
FY2026$0

From the FY2026 Form 990 (year ending May 2026) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Oct 1966.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $571K Management & general 3% · $18K Fundraising 2% · $12K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Interim Pres
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Immediate PA
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Carthan F Currin’s $125K as Past Preside is at the 91st percentile of top reported officer pay among 1613 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Carthan F Currin III—$120,000$130,385$69,231
Carthan F Currin$124,891———

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 The Virginia College Fund 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

Programs and updates

Raises money from the public to support small colleges and universities in Virginia.

Questions for The Virginia College Fund

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Your first name shows with your question. The Virginia College Fund answers here, for everyone.

Provided by the organization

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1 program · $571K · in their own filed words · FY2025
01

Distributions of public contributions to member colleges and universities

$571Kprogram 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 · FY2024
Total grants receivedfrom 4 funders$71K
See all 4 funders →
Grants paid · 18 grants · $1.5M · 2020–2025
Ferrum CollegeVA · FY2025$77,963
Eastern Mennonite UniversityVA · FY2025$77,963
Bluefield UniversityVA · FY2025$77,963
Averett UniversityVA · FY2025$77,963
Averett UniversityVA · FY2022$79,687
Eastern Mennonite UniversityVA · FY2022$73,652
Ferrum CollegeVA · FY2022$68,933
Bluefield UniversityVA · FY2022$64,820
Appalachian School of LawVA · FY2022$9,451
Averett UniversityVA · FY2021$89,212
Bluefield UniversityVA · FY2021$84,324
Eastern Mennonite UniversityVA · FY2021$83,894
Ferrum CollegeVA · FY2021$83,306
Bluefield UniversityVA · FY2020$79,945
Averett UniversityVA · FY2020$78,541
Ferrum CollegeVA · FY2020$78,195
Eastern Mennonite UniversityVA · FY2020$76,465

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$43K
Ln 12
Gifts and grantsLn 1h$40K
Investment incomeLn 3$3K
Money outPt IX
$601K
Ln 25
Programscol B$571K
Managementcol C$18K
Fundraisingcol D$12K
Owns and owesPt X
$0
net assets · Ln 32
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Investment incomeLn 3$3K
Gains on assetsLn 7$53
Total revenueLn 12$43K
Assets in detailPt X, end of year
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 51
VolunteersI 619
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Total assetsLn 16$558K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$558K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$566K$566K
Other salaries and wagesLn 7$25K$5K$8K$12K
Other employee benefitsLn 9−$2K−$480−$720−$1K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$635$91$180$364
Information technologyLn 14$336$144$48$144
Depreciation, depletion and amortizationLn 22$185$74$37$74
Other expenses (24a–d)Ln 24$1K$1K$3
Total functional expensesLn 25$601K$571K$18K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $43K$601K−$558K$0 990 PDF
FY2025 $192K$219K−$27K$558K 990 PDF
FY2024 $595K$406K$189K$584K 990 PDF
FY2023 $1.0M$682K$333K$396K 990 PDF
FY2022 $699K$643K$56K$63K 990 PDF
FY2021 $533K$542K−$8K$7K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2026 990 (6 parts)
Part I · Summary $43,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $183,670$39,755
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,040$3,256
I-11 Other revenue$0
I-12 Total revenuePrior year $191,710$43,011
I-13 Grants and similar amounts paid$566,289
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $146,311$22,600
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $72,323$11,689
I-18 Total expensesPrior year $218,634$600,578
I-19 Revenue less expensesPrior year −$26,924−$557,567
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $43,011 across 5 lines filed
VIII-1f All other contributions, gifts and grants$39,755
VIII-1h Total contributions, gifts and grants$39,755
VIII-3 Investment incomeExcluded from tax $3,203$3,203
VIII-7 Net gain or loss on sales of assetsRelated to mission $53$53
VIII-12 Total revenueRelated to mission $53 · Excluded from tax $3,203$43,011
Part IX · Statement of functional expenses $600,578 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $566,289$566,289
IX-7 Other salaries and wagesPrograms $5,000 · Management $7,500 · Fundraising $12,500$25,000
IX-9 Other employee benefitsPrograms −$480 · Management −$720 · Fundraising −$1,200−$2,400
IX-11c Accounting feesManagement $9,450$9,450
IX-13 Office expensesPrograms $91 · Management $180 · Fundraising $364$635
IX-14 Information technologyPrograms $144 · Management $48 · Fundraising $144$336
IX-22 Depreciation, depletion and amortizationPrograms $74 · Management $37 · Fundraising $74$185
IX-24 Other expenses (24a–d)Management $1,080 · Fundraising $3$1,083
IX-25 Total functional expensesPrograms $571,118 · Management $17,575 · Fundraising $11,885$600,578
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $557,567$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $557,567$0
X-33 Total liabilities and net assetsStart of year $557,567$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$43,011
XI-2 Total expenses$600,578
XI-3 Revenue less expenses−$557,567
XI-4 Net assets at start of year$557,567
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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