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VC Medical Endowment TR

Public charity
DBA: % JOHN G ROCOVICH JR
Foundations · SIOUX FALLS, SD · EIN 47-6343397

About

The exclusive purposes of this trust are educational and charitable. The trust is formed as a supporting organization under section 509(a)(3) to support the exempt purposes of its beneficiary, edward VIA virginia college of osteopathic medicine ("VCOM"). This includes providing distributions for VCOM's exempt purposes to include the following: research, student scholarships, operating expenses, and NON-recurring capital expenditures such as equipment, furniture, fixtures, and leasehold improvements approved by the governing BODY of VCOM, and the leasing, acquisition, maintenance and improvement of real estate used by VCOM. In addition, the trust may assist VCOM in raising funds through donations from various sources, including but not limited to MAIL solicitations, e-MAIL solicitations, phone solicitations, personal solicitations, foundation grant solicitations, and government grant solicitations. Such solicitation activities would be carried out by the trustees in a variety of jurisdictions, including but not limited to virginia, south carolina, alabama, and louisiana on a year-round basis. These activities will further the trust's exempt purpose, which is to support VCOM, a public charity.

In care of JOHN G Rocovich JR

Donations are tax-deductible
Category
Foundations
Employees
0
Volunteers
0

Financial Snapshot

FY ending 2024-06-30
Revenue
$629K
Expenses
$759K
Assets
$19.1M
Liabilities
$15.9M

Financial history

$1.6M$803K$0
222324
RevenueExpenses
Latest FY2024: $629K · Peak FY2022: $1.5M · Avg: $739K

Foreign activity (Schedule F)

Total spent abroad$100K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EAST ASIA AND THE PACIFIC
EUROPE
NORTH AMERICA
SOUTH AMERICA

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$610K
VC MEDICAL ENDOWMENT TR
Your actions

Address

500 S Minnesota AVE
Sioux Falls, SD, 57104-681

Governance

Voting board members7
Independent members7
Conflict-of-interest policyYes
Whistleblower policyNo
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Financial detail (Schedule D)

Board-designated %100.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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