Educational Institutions

Virginia College Fund

  • Richmond, VA
  • www.thevcf.org

Mission Statement

Our mission is to ""make a private college education affordable for Virginia's students."" To that end, we (The VCF) seek funding from businesses, foundations and individuals to assist needy and worthy students and help us in our mission. We believe in accessibility, diversity opportunity and academic excellence. Founded in 1965, The VCF was set up to help the member schools: Averett University, Bluefield College, Eastern Mennonite University, Ferrum College. Our member colleges and universities are united in a quest for more open access to private higher education for all of Virginia's citizens and strive to enable them to become productive, tax-paying citizens.

Main Programs

  1. Expanding the Success of On-Line Learning within the College Environment
  2. Beazley Scholars Program
  3. Virginia Collegium Scholarship Program
  4. Americans with Disabilities Act Compliance Projects
Service Areas

Self-reported

National

Our colleges/universities' main campuses are located in Southside (Averett University) and Southwest Virginia (Ferrum College, &Bluefield College) and in the Shenandoah Valley (Eastern Mennonite University). There are 49 branches located throughout the Commonwealth, including Richmond, VA. They serve students throughout Virginia, the United States and beyond.

ruling year

1966

Principal Officer since 2011

Self-reported

Mr. James K. Dill

Keywords

Self-reported

college university scholarship higher education grant

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Also Known As

The Virginia College Fund

EIN

54-0796066

Contact

Cause Area (NTEE Code)

Scholarships, Student Financial Aid, Awards (B82)

Higher Education Institutions (B40)

Fund Raising and/or Fund Distribution (B12)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

The Virginia College Fund must raise close to $1,000,000.00 (our goal) to help the member schools offset the cost of private college tuition for their students. Unlike many other private schools in Virginia, the four members colleges of the VCF have an average endowment of $23,000,000. Smaller endowments affect our ability to assist students with their tuition. 100% of the funds collected go to the schools to offset tuition and serve as grants. Moreover, the population served by the VCF is remarkable. In recent years, the students served by our colleges and universities meet include almost 30 percent minority students and 34 percent first generation college attendee population. Indeed, 49 percent of our students are from low-to-moderate income families, while 71 percent of our total enrollments require some type of financial aid in order to pursue their dream of a better life through a college degree. Our impact upon Virginia's economy is broad. Last year, our colleges and universities employed approximately 1,000 Virginians on a full-time basis. They put about $118 million back into the Virginia economy from general operating expenses spent in state and they maintained about $202 million in capital assets.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Expanding the Success of On-Line Learning within the College Environment

Expanding the Success of On-Line Learning within the College Environment - This highly technical project is possible through generous funding from the Verizon Foundation and trains faculty members at each of our college campuses to transform courses taught in the classroom to courses taught on-line. This tends to make the courses more interesting and convenient to the students and more available to a wider range of students.

Category

Population(s) Served

Budget

Approximately 45000.00 per year

Program 2

Beazley Scholars Program

Beazley Scholars Program - Through the generosity of the Frederick Beazley Foundation of Portsmouth, Virginia, five scholarships have been endowed at each of our colleges for needy, worthy Virginians.

Category

Population(s) Served

Budget

Approximately 50000.00 per year

Program 3

Virginia Collegium Scholarship Program

The Virginia Collegial Scholarhips - These endowed scholarship programs were made possible through the generosity of the Mars Foundation of McLean, Virginia, and the Gottwald Foundation of Richmond.

Category

Population(s) Served

Budget

Approximately 30000.00 per year

Program 4

Americans with Disabilities Act Compliance Projects

Americans with Disabilities Act Compliance Projects - These ongoing projects at each of our colleges require that new construction projects be in compliance with all ADA regulations. Over the years, the generosity of the Robins Foundation and the Beirne Carter Foundation, both of Richmond, and others has had a dramatic impact upon these much-needed projects.

Category

Population(s) Served

Budget

Approximately, 100000.00 per year

Service Areas

Self-reported

National

Our colleges/universities' main campuses are located in Southside (Averett University) and Southwest Virginia (Ferrum College, &Bluefield College) and in the Shenandoah Valley (Eastern Mennonite University). There are 49 branches located throughout the Commonwealth, including Richmond, VA. They serve students throughout Virginia, the United States and beyond.

Funding Needs

The Virginia College Fund solicits funds to provide financial aid for those students with need, attending our colleges and universities. Due to the demographics of the students that are attracted to our colleges, financial aid is our primary need. Other than financial aid (1), we seek funding for (2) technology upgrades and purchases, (3) ADA compliance projects, (4) restricted scholarship endowments and (5) individual programmatic activities. We can use your help!

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

THE VIRGINIA COLLEGE FUND
Fiscal year: Jun 01-May 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Virginia College Fund

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2015 and 2014
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
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Principal Officer

Mr. James K. Dill

BIO

Jim Dill joined the VCF in 2011 after a 17-year career at Wells Fargo Bank in the Philanthropic Trust Department. Jim served on the board for seven years with the last year (2009 - 2010) as Board Chair. Previously, he worked as a trust officer for a major U.S. banking institution. Jim has a B.S. from East Carolina University and an M.A. & M.B.A. from Wake Forest University and Nonprofit Certification from Duke University. Jim's background includes trust, investments and planned giving.

STATEMENT FROM THE Principal Officer

"The Virginia College Fund is an incredible organization that I am truely proud to represent. Our four member schools are so important to their community, to the state of Virginia and to the students who attend. Our President's and faculties are vibrant, exciting and highly educated role models for our students, all of whom I enjoy working with very much. Your support of our organization will ensure the future of the these great schools and a great future for Virginia's students. Thank you for your generous support and interest in the Virginia College Fund. James K. Dill, President"

Governance

BOARD CHAIR

Mr. Carthan F. Currin

Oxford Group

Term: June 2015 - May 2017

BOARD LEADERSHIP PRACTICES

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RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?